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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
May 25, 2025
May 26, 2024
May 28, 2023
Cash Flows - Operating Activities      
Net earnings, including earnings attributable to noncontrolling interests $ 2,318.9 $ 2,518.6 $ 2,609.6
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 539.0 552.7 546.6
After-tax earnings from joint ventures (57.6) (84.8) (81.3)
Distributions of earnings from joint ventures 44.6 50.4 69.9
Stock-based compensation 91.7 95.3 111.7
Deferred income taxes (120.9) (48.5) (22.2)
Pension and other postretirement benefit plan contributions (30.8) (30.1) (30.1)
Pension and other postretirement benefit plan costs (12.7) (27.0) (27.6)
Divestitures gain, net (95.9) 0.0 (444.6)
Restructuring, transformation, impairment, and other exit costs 74.3 223.5 24.4
Changes in current assets and liabilities, excluding the effects of acquisitions and divestitures 192.4 10.6 (48.9)
Other, net (24.8) 41.9 71.1
Net cash provided by operating activities 2,918.2 3,302.6 2,778.6
Cash Flows - Investing Activities      
Purchases of land, buildings, and equipment (625.3) (774.1) (689.5)
Acquisitions, net of cash acquired (1,419.3) (451.9) (251.5)
Investments in affiliates, net 13.3 (2.7) (32.2)
Proceeds from disposal of land, buildings, and equipment 1.1 0.8 1.3
Proceeds from divestitures, net of cash divested 241.8 0.0 633.1
Other, net (6.5) 30.5 (7.6)
Net cash used by investing activities (1,794.9) (1,197.4) (346.4)
Cash Flows - Financing Activities      
Change in notes payable 667.1 (20.5) (769.3)
Issuance of long-term debt 2,354.9 2,065.2 2,324.4
Payment of long-term debt (1,300.0) (901.5) (1,421.7)
Repurchase of Class A limited membership interest in General Mills Cereals, LLC (252.8) 0.0 0.0
Proceeds from common stock issued on exercised options 43.0 25.5 232.3
Purchases of common stock for treasury (1,202.9) (2,002.4) (1,403.6)
Dividends paid (1,338.7) (1,363.4) (1,287.9)
Distributions to redeemable and noncontrolling interest holders (21.6) (21.3) (15.7)
Other, net (129.1) (53.9) (62.6)
Net cash used by financing activities (1,180.1) (2,272.3) (2,404.1)
Effect of exchange rate changes on cash and cash equivalents 2.7 (0.4) (12.0)
(Decrease) increase in cash and cash equivalents (54.1) (167.5) 16.1
Cash and cash equivalents - beginning of year 418.0 585.5 569.4
Cash and cash equivalents - end of year 363.9 418.0 585.5
Cash flow from changes in current assets and liabilities, excluding the effects of acquisitions and divestitures:      
Receivables (79.0) (1.8) (41.2)
Inventories (18.5) 287.6 (319.0)
Prepaid expenses and other current assets 80.8 167.0 61.6
Accounts payable 86.7 (251.2) 199.8
Other current liabilities 122.4 (191.0) 49.9
Changes in current assets and liabilities $ 192.4 $ 10.6 $ (48.9)