General Mills, Inc. and Subsidiaries

Schedule II - Valuation of Qualifying Accounts

Fiscal Year

In Millions

2020

2019

2018

Allowance for doubtful accounts:

Balance at beginning of year

$

28.8

$

28.4

$

24.3

Additions charged to expense

25.9

23.9

26.7

Bad debt write-offs

(22.9)

(22.7)

(26.9)

Other adjustments and reclassifications

1.4

(0.8)

4.3

Balance at end of year

$

33.2

$

28.8

$

28.4

Valuation allowance for deferred tax assets:

Balance at beginning of year

$

213.7

$

176.0

$

231.8

Additions charged to expense

4.2

(5.2)

2.4

Adjustments due to acquisitions, translation of amounts, and other

(3.7)

42.9

(58.2)

Balance at end of year

$

214.2

$

213.7

$

176.0

Reserve for restructuring and other exit charges:

Balance at beginning of year

$

36.5

$

66.8

$

85.0

Additions charged to expense, including translation amounts

(2.5)

11.6

40.3

Net amounts utilized for restructuring activities

(16.2)

(41.9)

(58.5)

Balance at end of year

$

17.8

$

36.5

$

66.8

Reserve for LIFO valuation:

Balance at beginning of year

$

213.5

$

213.2

$

209.1

(Decrease) increase

(11.4)

0.3

4.1

Balance at end of year

$

202.1

$

213.5

$

213.2