General Mills, Inc. and Subsidiaries

Schedule II - Valuation of Qualifying Accounts

Fiscal Year

In Millions

2021

2020

2019

Allowance for doubtful accounts:

Balance at beginning of year

$

33.2

$

28.8

$

28.4

Additions charged to expense

25.7

25.9

23.9

Bad debt write-offs

(29.9)

(22.9)

(22.7)

Other adjustments and reclassifications

7.0

1.4

(0.8)

Balance at end of year

$

36.0

$

33.2

$

28.8

Valuation allowance for deferred tax assets:

Balance at beginning of year

$

214.2

$

213.7

$

176.0

Additions charged to expense

9.1

4.2

(5.2)

Adjustments due to acquisitions, translation of amounts, and other

5.9

(3.7)

42.9

Balance at end of year

$

229.2

$

214.2

$

213.7

Reserve for restructuring and other exit charges:

Balance at beginning of year

$

17.8

$

36.5

$

66.8

Additions charged to expense, including translation amounts

143.9

(2.5)

11.6

Net amounts utilized for restructuring activities

(12.9)

(16.2)

(41.9)

Balance at end of year

$

148.8

$

17.8

$

36.5

Reserve for LIFO valuation:

Balance at beginning of year

$

202.1

$

213.5

$

213.2

Increase (decrease)

7.4

(11.4)

0.3

Balance at end of year

$

209.5

$

202.1

$

213.5