{"url_path":"/sec/gis/10-k/2026/item-16","section_key":"item-16","section_title":"Item 16 Form 10-K Summary","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-01","source_url":"https://www.sec.gov/Archives/edgar/data/40704/0001628280-26-046466-index.html","accession_number":"0001628280-26-046466","cik":"0000040704","ticker":"GIS","issuer_name":"GENERAL MILLS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/40704/0001628280-26-046466-index.html","primary_entity_key":"0000040704","primary_entity_name":"GENERAL MILLS INC"},"word_count":506,"has_tables":true,"body_markdown":"ITEM 16 - Form 10-K Summary\n\nNot Applicable.\n\n97\n\nSignatures\n\nPursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report\n\nto be signed on its behalf by the undersigned, thereunto duly authorized.\n\nGENERAL MILLS, INC.\n\nDate:\n\nJuly 1, 2026\n\nBy\n\n/s/ Mark A. Pallot\n\nName:\n\nMark A. Pallot\n\nTitle:\n\nVice President, Chief Accounting Officer\n\nPursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on\n\nbehalf of the registrant and in the capacities and on the dates indicated.\n\nSignature\n\nTitle\n\nDate\n\n/s/ Jeffrey L Harmening\n\nJeffrey L. Harmening\n\nChairman of the Board, Chief Executive Officer, and Director\n\n(Principal Executive Officer)\n\nJuly 1, 2026\n\n/s/ Kofi A. Bruce\n\nKofi A. Bruce\n\nChief Financial Officer\n\n(Principal Financial Officer)\n\nJuly 1, 2026\n\n/s/ Mark A. Pallot\n\nMark A. Pallot\n\nVice President, Chief Accounting Officer\n\n(Principal Accounting Officer)\n\nJuly 1, 2026\n\n/s/ Joan Bottarini\n\nJoan Bottarini\n\nDirector\n\nJuly 1, 2026\n\n/s/ Benno O. Dorer\n\nBenno O. Dorer\n\nDirector\n\nJuly 1, 2026\n\n/s/ Maria G. Henry\n\nMaria G. Henry\n\nDirector\n\nJuly 1, 2026\n\n/s/ Jo Ann Jenkins\n\nJo Ann Jenkins\n\nDirector\n\nJuly 1, 2026\n\n/s/ Elizabeth C. Lempres\n\nElizabeth C. Lempres\n\nDirector\n\nJuly 1, 2026\n\n/s/ John G. Morikis\n\nJohn. G. Morikis\n\nDirector\n\nJuly 1, 2026\n\n/s/ Dana M. McNabb\n\nDana M. McNabb\n\nChief Operating Officer and Director\n\nJuly 1, 2026\n\n/s/ Diane L. Neal\n\nDiane L. Neal\n\nDirector\n\nJuly 1, 2026\n\n/s/ Steve Odland\n\nSteve Odland\n\nDirector\n\nJuly 1, 2026\n\n/s/ Maria A. Sastre\n\nMaria A. Sastre\n\nDirector\n\nJuly 1, 2026\n\n/s/ Eric D. Sprunk\n\nEric D. Sprunk\n\nDirector\n\nJuly 1, 2026\n\n/s/ Jorge A. Uribe\n\nJorge A. Uribe\n\nDirector\n\nJuly 1, 2026\n\n98\n\nGeneral Mills, Inc. and Subsidiaries\n\nSchedule II - Valuation and Qualifying Accounts\n\nFiscal Year\n\nIn Millions\n\n2026\n\n2025\n\n2024\n\nAllowance for doubtful accounts:\n\nBalance at beginning of year\n\n$33.2\n\n$25.0\n\n$26.9\n\nAdditions charged to expense\n\n28.8\n\n36.6\n\n27.6\n\nBad debt write-offs\n\n(28.3)\n\n(28.5)\n\n(29.4)\n\nOther adjustments and reclassifications (a)\n\n(0.6)\n\n0.1\n\n(0.1)\n\nBalance at end of year\n\n$33.1\n\n$33.2\n\n$25.0\n\nValuation allowance for deferred tax assets:\n\nBalance at beginning of year\n\n$253.7\n\n$255.5\n\n$259.2\n\nBenefits to expense\n\n(32.4)\n\n(1.9)\n\n(2.3)\n\nAdjustments due to acquisitions, translation of amounts, and other\n\n(6.7)\n\n0.1\n\n(1.4)\n\nBalance at end of year\n\n$214.6\n\n$253.7\n\n$255.5\n\nReserve for restructuring, transformation, and other exit charges:\n\nBalance at beginning of year\n\n$77.1\n\n$14.8\n\n$47.7\n\nAdditions charged to expense, including translation amounts\n\n8.4\n\n70.1\n\n0.1\n\nNet amounts utilized for restructuring and transformation activities\n\n(35.6)\n\n(7.8)\n\n(33.0)\n\nBalance at end of year\n\n$49.9\n\n$77.1\n\n$14.8\n\nReserve for LIFO valuation:\n\nBalance at beginning of year\n\n$545.6\n\n$541.1\n\n$600.9\n\nIncrease\n\n40.7\n\n4.5\n\n(59.8)\n\nBalance at end of year\n\n$586.3\n\n$545.6\n\n$541.1\n\n(a)Includes a $1.1 million adjustment to reclassify a portion of the allowance for doubtful accounts as held for sale as of May\n\n31, 2026. Please refer to Note 6 to the Consolidated Financial Statements in Item 8 of this report for additional information."}