Schedule II - Valuation of Qualifying Accounts

12 Months Ended

May 28, 2023

Schedule II - Valuation Of Qualifying Accounts [Abstract]

Schedule II - Valuation Of Qualifying Accounts

General Mills, Inc. and Subsidiaries

Schedule II - Valuation of Qualifying Accounts

Fiscal Year

In Millions

2023

2022

2021

Allowance for doubtful accounts:

Balance at beginning of year

$

28.3

$

36.0

$

33.2

Additions charged to expense

29.6

23.0

25.7

Bad debt write-offs

(28.6)

(26.4)

(29.9)

Other adjustments and reclassifications

(2.4)

(4.3)

7.0

Balance at end of year

$

26.9

$

28.3

$

36.0

Valuation allowance for deferred tax assets:

Balance at beginning of year

$

185.1

$

229.2

$

214.2

Additions charged (benefits) to expense

77.1

(41.6)

9.1

Adjustments due to acquisitions, translation of amounts, and other

(3.0)

(2.5)

5.9

Balance at end of year

$

259.2

$

185.1

$

229.2

Reserve for restructuring and other exit charges:

Balance at beginning of year

$

36.8

$

148.8

$

17.8

Additions charged to expense, including translation amounts

41.7

3.4

143.9

Reserve adjustment

-

(34.0)

-

Net amounts utilized for restructuring activities

(30.8)

(81.4)

(12.9)

Balance at end of year

$

47.7

$

36.8

$

148.8

Reserve for LIFO valuation:

Balance at beginning of year

$

463.4

$

209.5

$

202.1

Increase

137.5

253.9

7.4

Balance at end of year

$

600.9

$

463.4

$

209.5