Business Segment and Geographic Information (Tables)

12 Months Ended

May 26, 2024

Business Segment and Geographic Information [Abstract]

Operating Segment Results

Fiscal Year

In Millions

2024

2023

2022

Net sales:

North America Retail

$

12,473.4

$

12,659.9

$

11,572.0

International

2,746.5

2,769.5

3,315.7

Pet

2,375.8

2,473.3

2,259.4

North America Foodservice

2,258.7

2,191.5

1,845.7

Total segment net sales

$

19,854.4

$

20,094.2

$

18,992.8

Corporate and other

2.8

-

-

Total net sales

$

19,857.2

$

20,094.2

$

18,992.8

Operating profit:

North America Retail

$

3,080.4

$

3,181.3

$

2,699.7

International

125.2

161.8

232.0

Pet

485.9

445.5

470.6

North America Foodservice

315.5

290.0

255.5

Total segment operating profit

$

4,007.0

$

4,078.6

$

3,657.8

Unallocated corporate items

333.9

1,033.2

402.6

Divestitures gain, net

-

(444.6)

(194.1)

Restructuring, impairment, and other exit costs (recoveries)

241.4

56.2

(26.5)

Operating profit

$

3,431.7

$

3,433.8

$

3,475.8

Fiscal Year

In Millions

2024

2023

2022

U.S. Meals & Baking Solutions

$

4,324.3

$

4,426.3

$

4,023.8

U.S. Morning Foods

3,561.8

3,620.1

3,370.9

U.S. Snacks

3,538.9

3,611.0

3,191.4

Canada

1,048.4

1,002.5

985.9

Total

$

12,473.4

$

12,659.9

$

11,572.0

Net Sales by Class of Similar Products

Fiscal Year

In Millions

2024

2023

2022

Snacks

$

4,327.3

$

4,431.5

$

3,960.9

Cereal

3,187.5

3,209.5

2,998.1

Convenient meals

2,906.5

2,961.6

2,988.5

Dough

2,423.6

2,390.5

1,986.3

Pet

2,382.7

2,476.0

2,260.1

Baking mixes and ingredients

1,996.0

2,037.3

1,843.6

Yogurt

1,482.5

1,472.9

1,714.9

Super-premium ice cream

728.7

703.7

782.2

Other

422.4

411.2

458.2

Total

$

19,857.2

$

20,094.2

$

18,992.8

Financial Information by Geographic Area

Fiscal Year

In Millions

2024

2023

2022

Net sales:

United States

$

16,062.2

$

16,322.2

$

14,691.2

Non-United States

3,795.0

3,772.0

4,301.6

Total

$

19,857.2

$

20,094.2

$

18,992.8

In Millions

May 26, 2024

May 28, 2023

Cash and cash equivalents:

United States

$

87.8

$

204.2

Non-United States

330.2

381.3

Total

$

418.0

$

585.5

In Millions

May 26, 2024

May 28, 2023

Land, buildings, and equipment:

United States

$

3,155.3

$

2,920.5

Non-United States

708.6

715.7

Total

$

3,863.9

$

3,636.2