GENERAL MILLS INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 5/31/26
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 13,538 | 64.8 |
| Stockholders' equity | 7,368 | 35.2 |
| Total capitalization | 20,906 | 100.0 |
534,687,144 shares outstanding at 16 September 2026 (cover page of the 10-Q filed 23 September 2026).
LONG-TERM DEBT 5/31/26
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 13,470 |
| Long-term debt, noncurrent | 12,416 |
| Current maturities | 1,054 |
| Short-term borrowings / commercial paper | 68 |
CAPITAL STOCK 5/31/26
| Common shares authorized | 1,000,000,000 |
| Common shares issued | 754,600,000 |
| Treasury shares | 220,900,000 |
| Par or stated value per share ($) | 0.1 |
| Outstanding at 9/16/26 | 534,687,144 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2026 | 2.44 | – |
| 2025 | 2.40 | 58.5 |
| 2024 | 2.36 | 54.8 |
| 2023 | 2.16 | 50.1 |
| 2022 | 2.04 | 46.2 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 2040, Grain Mill Products. Large accelerated filer. Principal executive office: 1 General Mills Blvd, Minneapolis, MN 55426. Fiscal year ends May 30. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 5/31/26 | 5/25/25 | 5/26/24 |
|---|---|---|---|
| Revenues | 18,425 | 19,487 | 19,857 |
| Cost of revenues | 12,229 | 12,754 | 12,925 |
| Research and development | 256 | 257 | 258 |
| Selling, general and administrative | 3,388 | 3,446 | 3,259 |
| Depreciation and amortization | 555 | 539 | 553 |
| Operating income | 886 | 3,305 | 3,432 |
| Interest expense | – | 524 | 479 |
| Income before income taxes | 406 | 2,835 | 3,028 |
| Income taxes | 414 | 574 | 594 |
| Net income | (88) | 2,295 | 2,497 |
| Earned per share, diluted ($) | (0.16) | 4.10 | 4.31 |
| Dividends per share ($) | 2.44 | 2.40 | 2.36 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 5/31/26 | 5/25/25 |
|---|---|---|
| Cash and equivalents | 454 | 364 |
| Receivables, net | 1,647 | 1,796 |
| Inventories | 1,918 | 1,911 |
| Total current assets | 4,618 | 5,276 |
| Property, plant and equipment, net | 3,443 | 3,633 |
| Goodwill | 14,122 | 15,622 |
| Total assets | 30,017 | 33,071 |
| Total current liabilities | 6,774 | 7,857 |
| Long-term debt | 12,416 | 12,673 |
| Total liabilities | 22,636 | 23,860 |
| Stockholders' equity | 7,368 | 9,199 |
| Total liabilities and equity | 30,017 | 33,071 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5/31/26 | 18,425 | 886 | (88) | -0.5 | (0.16) | 2.44 | 2,166 | 540 | 1,626 | 30,017 | 22,636 | 13,538 | 7,368 | -1.2 | 1.84 |
| 5/25/25 | 19,487 | 3,305 | 2,295 | 11.8 | 4.10 | 2.40 | 2,918 | 625 | 2,293 | 33,071 | 23,860 | 14,879 | 9,199 | 24.9 | 1.62 |
| 5/26/24 | 19,857 | 3,432 | 2,497 | 12.6 | 4.31 | 2.36 | 3,303 | 774 | 2,528 | 31,470 | 21,821 | 12,930 | 9,397 | 26.6 | 1.38 |
| 5/28/23 | 20,094 | 3,434 | 2,594 | 12.9 | 4.31 | 2.16 | 2,779 | 690 | 2,089 | 31,452 | 20,752 | 11,706 | 10,450 | 24.8 | 1.12 |
| 5/29/22 | 18,993 | 3,476 | 2,707 | 14.3 | 4.42 | 2.04 | 3,316 | 569 | 2,747 | 31,090 | 20,302 | 11,620 | 10,542 | 25.7 | 1.10 |
| 5/30/21 | 18,127 | 3,145 | 2,340 | 12.9 | 3.78 | 2.02 | 2,983 | 531 | 2,452 | 31,842 | 21,464 | 12,612 | 9,470 | 24.7 | 1.33 |
| 5/31/20 | 17,627 | 2,954 | 2,181 | 12.4 | 3.56 | 1.96 | 3,676 | 461 | 3,215 | 30,807 | 21,913 | 13,540 | 8,058 | 27.1 | 1.68 |
| 5/26/19 | 16,865 | 2,516 | 1,753 | 10.4 | 2.90 | 1.96 | 2,807 | 538 | 2,269 | 30,111 | 22,192 | 14,490 | 7,054 | 24.8 | 2.05 |
| 5/27/18 | 15,740 | 2,420 | 2,131 | 13.5 | 3.64 | 1.96 | 2,841 | 623 | 2,218 | 30,624 | 23,355 | 15,819 | 6,141 | 34.7 | 2.58 |
| 5/28/17 | 15,620 | 2,492 | 1,658 | 10.6 | 2.77 | 1.92 | 2,415 | 684 | 1,731 | 21,813 | 16,216 | 9,482 | 4,328 | 38.3 | 2.19 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
GENERAL MILLS INC
CIK 40704 · EIN 41-0274440
PRINCIPAL OFFICE:
1 General Mills Blvd, Minneapolis, MN 55426
Tel.: (763) 764-7600
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
2040 · Grain Mill Products
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 5/31/26, filed 1 July 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2026 (filed 7/1/26) · 10-K FY2025 (filed 6/26/25) · 10-K FY2024 (filed 6/26/24) · 10-K FY2023 (filed 6/28/23) · 10-K FY2022 (filed 6/30/22) · 10-K FY2021 (filed 6/30/21) · 10-K FY2020 (filed 7/2/20) · 10-K FY2019 (filed 6/28/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.