2018 Q1 Form 10-Q Financial Statement
#000119312518090832 Filed on March 21, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|
| Revenue | $3.882B | $3.807B | $3.793B |
| YoY Change | 2.35% | -3.09% | -5.23% |
| Cost Of Revenue | $2.626B | $2.481B | $2.458B |
| YoY Change | 6.84% | -2.09% | -7.08% |
| Gross Profit | $1.257B | $1.320B | $1.308B |
| YoY Change | -3.92% | -4.15% | -3.67% |
| Gross Profit Margin | 32.36% | 34.67% | 34.47% |
| Selling, General & Admin | $679.5M | $693.4M | $687.6M |
| YoY Change | -1.18% | -11.01% | -9.02% |
| % of Gross Profit | 54.08% | 52.54% | 52.58% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $143.9M | $155.3M | $147.2M |
| YoY Change | -2.24% | -6.95% | -1.01% |
| % of Gross Profit | 11.45% | 11.77% | 11.26% |
| Operating Expenses | $679.5M | $693.4M | $687.6M |
| YoY Change | -1.18% | -11.01% | -9.02% |
| Operating Profit | $569.5M | $626.3M | $542.5M |
| YoY Change | 4.98% | 4.8% | -9.84% |
| Interest Expense | $89.30M | -$69.30M | -$76.40M |
| YoY Change | -216.88% | -10.58% | -198.96% |
| % of Operating Profit | 15.68% | -11.06% | -14.08% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $503.4M | $539.9M | $466.1M |
| YoY Change | 8.0% | 18.76% | -8.45% |
| Income Tax | -$432.5M | $144.2M | $107.0M |
| % Of Pretax Income | -85.92% | 26.71% | 22.96% |
| Net Earnings | $941.4M | $408.9M | $357.8M |
| YoY Change | 163.11% | 7.72% | -1.08% |
| Net Earnings / Revenue | 24.25% | 10.74% | 9.43% |
| Basic Earnings Per Share | $1.64 | $0.70 | $0.62 |
| Diluted Earnings Per Share | $1.62 | $0.69 | $0.61 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 572.5M shares | 580.7M shares | |
| Diluted Shares Outstanding | 582.7M shares | 591.4M shares |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $953.0M | $766.0M | $899.0M |
| YoY Change | 6.01% | 0.26% | 14.81% |
| Cash & Equivalents | $953.1M | $766.1M | $899.1M |
| Short-Term Investments | |||
| Other Short-Term Assets | $375.0M | $381.6M | $340.0M |
| YoY Change | 10.29% | -4.36% | -30.18% |
| Inventory | $1.453B | $1.484B | $1.461B |
| Prepaid Expenses | $168.9M | ||
| Receivables | $1.497B | $1.430B | $1.428B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $4.277B | $4.061B | $4.128B |
| YoY Change | 3.61% | 3.15% | 2.91% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $3.626B | $3.688B | $3.575B |
| YoY Change | 1.43% | -1.49% | -0.82% |
| Goodwill | $8.867B | $8.747B | $8.706B |
| YoY Change | 1.86% | 0.07% | 0.15% |
| Intangibles | $4.530B | $4.500B | |
| YoY Change | -0.18% | -0.22% | |
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $866.0M | $785.9M | $762.0M |
| YoY Change | 13.65% | 4.55% | -6.34% |
| Total Long-Term Assets | $17.96B | $17.75B | $17.54B |
| YoY Change | 2.41% | -0.13% | -0.44% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $4.277B | $4.061B | $4.128B |
| Total Long-Term Assets | $17.96B | $17.75B | $17.54B |
| Total Assets | $22.24B | $21.81B | $21.67B |
| YoY Change | 2.63% | 0.46% | 0.18% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.506B | $2.120B | $1.855B |
| YoY Change | 35.09% | 3.58% | 7.5% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $1.211B | $1.234B | $1.942B |
| YoY Change | -37.65% | 357.41% | 203.3% |
| Long-Term Debt Due | $1.251B | $604.7M | $605.0M |
| YoY Change | 106.69% | -45.2% | -45.17% |
| Total Short-Term Liabilities | $6.210B | $5.331B | $5.744B |
| YoY Change | 8.11% | 6.3% | 9.33% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $7.164B | $7.643B | $7.176B |
| YoY Change | -0.17% | 8.29% | 2.16% |
| Other Long-Term Liabilities | $1.481B | $1.523B | $1.930B |
| YoY Change | -23.26% | -27.04% | 14.37% |
| Total Long-Term Liabilities | $7.164B | $9.166B | $9.106B |
| YoY Change | -21.33% | 0.23% | 4.52% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $6.210B | $5.331B | $5.744B |
| Total Long-Term Liabilities | $7.164B | $9.166B | $9.106B |
| Total Liabilities | $17.28B | $16.22B | $17.61B |
| YoY Change | -1.89% | 4.22% | 13.29% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $13.14B | ||
| YoY Change | 4.14% | ||
| Common Stock | $75.50M | $1.196B | |
| YoY Change | -4.48% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $8.191B | $7.763B | |
| YoY Change | 22.7% | ||
| Treasury Stock Shares | 184.5M shares | 177.7M shares | 178.5M shares |
| Shareholders Equity | $4.966B | $4.328B | $4.063B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $22.24B | $21.81B | $21.67B |
| YoY Change | 2.63% | 0.46% | 0.18% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $941.4M | $408.9M | $357.8M |
| YoY Change | 163.11% | 7.72% | -1.08% |
| Depreciation, Depletion And Amortization | $143.9M | $155.3M | $147.2M |
| YoY Change | -2.24% | -6.95% | -1.01% |
| Cash From Operating Activities | $568.5M | $856.5M | $480.0M |
| YoY Change | 18.44% | -5.01% | -32.06% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$137.9M | -$209.2M | -$156.9M |
| YoY Change | -12.11% | -16.89% | -14.77% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$16.30M | -$13.70M | $12.90M |
| YoY Change | -226.36% | -237.0% | -439.47% |
| Cash From Investing Activities | -$154.2M | -$222.9M | -$144.0M |
| YoY Change | 7.08% | -7.78% | -23.36% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -438.7M | -764.6M | -262.8M |
| YoY Change | 66.93% | 9.31% | -30.6% |
| NET CHANGE | |||
| Cash From Operating Activities | 568.5M | 856.5M | 480.0M |
| Cash From Investing Activities | -154.2M | -222.9M | -144.0M |
| Cash From Financing Activities | -438.7M | -764.6M | -262.8M |
| Net Change In Cash | -24.40M | -131.0M | 73.20M |
| YoY Change | -133.33% | 231.65% | -47.68% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $568.5M | $856.5M | $480.0M |
| Capital Expenditures | -$137.9M | -$209.2M | -$156.9M |
| Free Cash Flow | $706.4M | $1.066B | $636.9M |
| YoY Change | 10.91% | -7.6% | -28.49% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Share Based Compensation
ShareBasedCompensation
|
62800000 | USD | |
| CY2017 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
2039000000 | USD |
| us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
26900000 | USD | |
| us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
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141100000 | USD | |
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Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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1681300000 | USD | |
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Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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140100000 | USD | |
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Equity Method Investment Dividends Or Distributions
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43700000 | USD | |
| CY2017 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
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64100000 | USD |
| CY2017 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
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218800000 | USD |
| CY2017 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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| CY2017 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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94900000 | USD |
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Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1200000 | USD | |
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Share Based Compensation
ShareBasedCompensation
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76400000 | USD | |
| CY2018Q1 | us-gaap |
Long Term Debt Noncurrent
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| CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets Current
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| CY2016Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
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1000000000 | shares |
| CY2018Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
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1250500000 | USD |
| CY2017Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
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604700000 | USD |
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Long Term Debt Noncurrent
LongTermDebtNoncurrent
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7642900000 | USD |
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Dividends Common Stock Cash
DividendsCommonStockCash
|
846500000 | USD | |
| us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
124200000 | USD | |
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Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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-58200000 | USD | |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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62300000 | USD | |
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Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
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26800000 | USD | |
| CY2017 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
1651500000 | USD |
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Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.47 | ||
| gis |
Minority Interest Decrease From Distributions To Noncontrolling And Redeemable Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingAndRedeemableInterestHolders
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29700000 | USD | |
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Common Stock Par Or Stated Value Per Share
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0.1 | |
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Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
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Effect Of Exchange Rate On Cash And Cash Equivalents
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Increase Decrease In Accounts Payable Trade
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Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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Common Stock Dividends Per Share Declared
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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Prepaid Expense And Other Assets Current
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Treasury Stock Value
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Common Stock Value
CommonStockValue
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Common Stock Shares Authorized
CommonStockSharesAuthorized
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Common Stock Shares Authorized
CommonStockSharesAuthorized
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Redeemable Noncontrolling Interest Equity Other Fair Value
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Treasury Stock Value
TreasuryStockValue
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Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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Equity Method Investment Dividends Or Distributions
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60600000 | USD | |
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Pension And Other Postretirement Benefit Expense
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Restructuring Costs And Asset Impairment Charges
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Proceeds From Repayments Of Short Term Debt
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Effect Of Exchange Rate On Cash And Cash Equivalents
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Other Operating Activities Cash Flow Statement
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Cash And Cash Equivalents Period Increase Decrease
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187000000 | USD | |
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Increase Decrease In Other Current Liabilities
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Increase Decrease In Inventories
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Increase Decrease In Accounts Receivable
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Payments For Repurchase Of Common Stock
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Payments To Acquire Property Plant And Equipment
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Cash And Cash Equivalents Period Increase Decrease
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Increase Decrease In Other Current Liabilities
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Payments To Acquire Property Plant And Equipment
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475200000 | USD | |
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Pension And Other Postretirement Benefit Contributions
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34000000 | USD | |
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Asset Impairment Charges
AssetImpairmentCharges
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Finite Lived Intangible Assets Gross
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Inventory Lifo Reserve
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209100000 | USD |
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Intangible Assets Net Including Goodwill
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13277600000 | USD |
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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75100000 | USD | |
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Increase Decrease In Inventories
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42100000 | USD | |
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Payments For Proceeds From Other Investing Activities
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-14700000 | USD | |
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Payments Of Dividends
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856300000 | USD | |
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Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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| gis |
Distributions To Noncontrolling And Redeemable Interest Holders
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Distributions To Noncontrolling And Redeemable Interest Holders
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59500000 | USD | |
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Basis Of Accounting
BasisOfAccounting
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<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >(</font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' >1</font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' >) Background</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The accompanying Consolidated Financial Statements of General Mills, Inc. (we, us, our, General Mills, or the Company) have been </font><font style='font-family:Times New Roman;font-size:10pt;' >prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial information and with the rules and regulations for reporting on Form 10-Q. Accordingly, they do not include certain information and </font><font style='font-family:Times New Roman;font-size:10pt;' >disclosures required for comprehensive financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature, including the elimination of all intercompany t</font><font style='font-family:Times New Roman;font-size:10pt;' >ransactions and any noncontrolling and redeemable interests’ share of those transactions. Operating results for the quarter ended </font><font style='font-family:Times New Roman;font-size:10pt;' >February 25, 2018</font><font style='font-family:Times New Roman;font-size:10pt;' > are not necessarily indicative of the results that may be expected for the fiscal year ending </font><font style='font-family:Times New Roman;font-size:10pt;' >May 27, 2018</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >These state</font><font style='font-family:Times New Roman;font-size:10pt;' >ments should be read in conjunction with the Consolidated Financial Statements and footnotes included in our Annual Report on Form 10-K for the fiscal year ended </font><font style='font-family:Times New Roman;font-size:10pt;' >May 28, 2017</font><font style='font-family:Times New Roman;font-size:10pt;' >. The accounting policies used in preparing these Consolidated Financial Statements ar</font><font style='font-family:Times New Roman;font-size:10pt;' >e the same as those described in Note 2 to the Consolidated Financial Statements in that Form 10-K </font><font style='font-family:Times New Roman;font-size:10pt;' >with the exception of the new accounting requirements adopted in the first quarter of fiscal 2018 for stock-based payments and goodwill impairment testing</font><font style='font-family:Times New Roman;font-size:10pt;' > an</font><font style='font-family:Times New Roman;font-size:10pt;' >d new accounting requirements adopted in the third quarter of fiscal 2018 for the reclassification of certain income tax effects from accumulated other comprehensive income to retained earnings. </font><font style='font-family:Times New Roman;font-size:10pt;' >See </font><font style='font-family:Times New Roman;font-size:10pt;' >Note 15 and </font><font style='font-family:Times New Roman;font-size:10pt;' >Note 1</font><font style='font-family:Times New Roman;font-size:10pt;' >7</font><font style='font-family:Times New Roman;font-size:10pt;' > to the Consolidated Financial Statements in Part </font><font style='font-family:Times New Roman;font-size:10pt;' >I, Item 1 of this report for additional information.</font><font style='font-family:Times New Roman;font-size:10pt;' > Certain terms used throughout this report are defined in the “Glossary” section below.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In the </font><font style='font-family:Times New Roman;font-size:10pt;' >nine</font><font style='font-family:Times New Roman;font-size:10pt;' >-month period ended </font><font style='font-family:Times New Roman;font-size:10pt;' >February 25, 2018</font><font style='font-family:Times New Roman;font-size:10pt;' >, we recorded an adjustment related to a prior year which increased incom</font><font style='font-family:Times New Roman;font-size:10pt;' >e tax expense and total liabilities by $40.5 million in our Consolidated Financial Statements.  We determined the adjustment to be immaterial to our estimated Consolidated Statements of Earnings for the fiscal year ended May 27, 2018.</font></p><p style='text-align:justify;line-height:12pt;' ></p></div> | ||
| CY2018Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
700000 | USD |
| CY2017Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
94000000 | USD |
| CY2017Q1 | gis |
Other Project Related Costs
OtherProjectRelatedCosts
|
11500000 | USD |
| gis |
Decrease In Restructuring Reserve
DecreaseInRestructuringReserve
|
44700000 | USD | |
| us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
39600000 | USD | |
| CY2017Q2 | us-gaap |
Indefinite Lived Trade Names
IndefiniteLivedTradeNames
|
4161100000 | USD |
| CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
155500000 | USD |
| CY2018Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
11900000000 | USD |
| CY2018Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
392300000 | USD |
| CY2018Q1 | us-gaap |
Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
|
101600000 | USD |
| CY2017Q2 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
395400000 | USD |
| CY2017Q2 | us-gaap |
Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
|
73000000 | USD |
| CY2018Q1 | us-gaap |
Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
|
1169800000 | USD |
| CY2017Q2 | us-gaap |
Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
|
1224300000 | USD |
| CY2018Q1 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
211200000 | USD |
| CY2017Q1 | us-gaap |
Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
|
0 | USD |
| CY2017Q1 | gis |
Net Loss Gain On Commodity Positions Reclassified From Unallocated Corporate Items To Segment Operating Profit
NetLossGainOnCommodityPositionsReclassifiedFromUnallocatedCorporateItemsToSegmentOperatingProfit
|
-4000000 | USD |
| CY2017Q1 | gis |
Net Mark To Market Valuation Of Certain Commodity Positions Recognized In Unallocated Corporate Items
NetMarkToMarketValuationOfCertainCommodityPositionsRecognizedInUnallocatedCorporateItems
|
8200000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Fair Value Of Hedged Item In Price Risk Fair Value Hedge1
IncreaseDecreaseInFairValueOfHedgedItemInPriceRiskFairValueHedge1
|
4200000 | USD |
| CY2018Q1 | us-gaap |
Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
|
300000 | USD |
| CY2018Q1 | gis |
Net Loss Gain On Commodity Positions Reclassified From Unallocated Corporate Items To Segment Operating Profit
NetLossGainOnCommodityPositionsReclassifiedFromUnallocatedCorporateItemsToSegmentOperatingProfit
|
-4600000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Fair Value Of Hedged Item In Price Risk Fair Value Hedge1
IncreaseDecreaseInFairValueOfHedgedItemInPriceRiskFairValueHedge1
|
-7700000 | USD |
| CY2018Q1 | gis |
Net Mark To Market Valuation Of Certain Commodity Positions Recognized In Unallocated Corporate Items
NetMarkToMarketValuationOfCertainCommodityPositionsRecognizedInUnallocatedCorporateItems
|
-2800000 | USD |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
20297200 | shares |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
42.82 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
36.08 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
343400000 | USD |
| CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
343400000 | USD |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y4M10D | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
55.52 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
31.43 | ||
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
3207200 | shares | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
146800 | shares | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
|
We estimate the fair value of each stock option on the grant date using a Black-Scholes option-pricing model. Black-Scholes option-pricing models require us to make predictive assumptions regarding future stock price volatility, employee exercise behavior, and dividend yield. We estimate our future stock price volatility using the historical volatility over the expected term of the option, excluding time periods of volatility we believe a marketplace participant would exclude in estimating our stock price volatility. We also have considered, but did not use, implied volatility in our estimate, because trading activity in options on our stock, especially those with tenors of greater than 6 months, is insufficient to provide a reliable measure of expected volatility. Our method of selecting the other valuation assumptions is explained in Note 11 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 28, 2017. | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
8.8 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.017 | pure | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.158 | pure | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.036 | pure | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P8Y6M0D | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P8Y2M12D | ||
| CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
29834400 | shares |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
2816700 | shares | |
| CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
40.47 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
58.69 | ||
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
29297100 | shares |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P2Y8M26D | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
263800000 | USD | |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
110900000 | USD |
| us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P23M | ||
| CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
572500000 | shares |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
580700000 | shares |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
582700000 | shares |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
591400000 | shares |
| CY2018Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5200000 | shares |
| CY2017Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2400000 | shares |
| CY2018Q1 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
0 | shares |
| CY2017Q1 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
4900000 | shares |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
237900000 | USD | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
394300000 | USD | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
424300000 | USD | |
| CY2018Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1210800000 | USD |
| CY2017Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1234100000 | USD |
| CY2018Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
400000000 | USD |
| CY2017Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
754600000 | shares |
| CY2018Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
754600000 | shares |
| CY2017Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.1 | |
| CY2017Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
177700000 | shares |
| us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
0 | USD | |
| us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
13000000 | USD | |
| CY2018Q1 | us-gaap |
Goodwill
Goodwill
|
8867300000 | USD |
| CY2018Q1 | us-gaap |
Indefinite Lived Trade Names
IndefiniteLivedTradeNames
|
4222200000 | USD |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
570000000 | USD |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
188100000 | USD |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
381900000 | USD |
| CY2018Q1 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
13471400000 | USD |
| CY2018Q1 | gis |
Accounts Payable To Suppliers That Utilize Third Party Service
AccountsPayableToSuppliersThatUtilizeThirdPartyService
|
927000000 | USD |
| CY2017Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
21812600000 | USD |
| CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
22240600000 | USD |
| CY2018Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
184500000 | shares |
| CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
370200000 | USD |
| CY2018Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
11100000 | USD |
| CY2017Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
12400000 | USD |
| gis |
Noncontrolling Interests Covenant Compliancee
NoncontrollingInterestsCovenantCompliancee
|
Our noncontrolling interests contain restrictive covenants. As of quarter end, we were in compliance with all of these covenants. | ||
| CY2017Q2 | us-gaap |
Inventory Net
InventoryNet
|
1483600000 | USD |
| CY2017Q2 | us-gaap |
Goodwill
Goodwill
|
8747200000 | USD |
| CY2017Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
4530400000 | USD |
| CY2017Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4685500000 | USD |
| CY2017Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2244500000 | USD |
| CY2018Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.1 | |
| CY2018Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
8414100000 | USD |
| CY2018Q1 | gis |
Allocated Share Based Compensation Expense Including Restructuring And Noncash Items
AllocatedShareBasedCompensationExpenseIncludingRestructuringAndNoncashItems
|
14500000 | USD |
| CY2017Q1 | gis |
Allocated Share Based Compensation Expense Including Restructuring And Noncash Items
AllocatedShareBasedCompensationExpenseIncludingRestructuringAndNoncashItems
|
20100000 | USD |
| gis |
Payments For Other Project Related Costs
PaymentsForOtherProjectRelatedCosts
|
8000000 | USD | |
| CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
592700000 | USD |
| CY2018Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16600000 | USD |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
941400000 | USD |
| CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
952500000 | USD |
| CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.62 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.64 | |
| CY2018Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
37600000 | USD |
| gis |
Net Repayments From Advances To Joint Ventures
NetRepaymentsFromAdvancesToJointVentures
|
4800000 | USD | |
| gis |
Net Repayments From Advances To Joint Ventures
NetRepaymentsFromAdvancesToJointVentures
|
-15200000 | USD | |
| CY2018Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
700000 | USD |
| CY2018Q1 | gis |
Other Project Related Costs
OtherProjectRelatedCosts
|
3000000 | USD |
| CY2018Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
7600000 | USD |
| us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
120100000 | USD | |
| CY2017 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
-75900000 | USD |
| us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
159100000 | USD | |
| us-gaap |
Indefinite Lived Intangible Assets Translation And Purchase Accounting Adjustments
IndefiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
|
73700000 | USD | |
| CY2017Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
301000000 | USD |
| CY2017Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
85000000 | USD |
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-35200000 | USD | |
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-27800000 | USD | |
| us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
67100000 | USD | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
953100000 | USD |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
766100000 | USD |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
899100000 | USD |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.08 | ||
| CY2016Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
763700000 | USD |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
28000000 | USD |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
28000000 | USD |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
28000000 | USD |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
28000000 | USD |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
28000000 | USD |
| CY2018Q1 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
0 | USD |
| us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1659000000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2135300000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-424900000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-424000000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1083100000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1569700000 | USD | |
| us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
25400000 | shares | |
| us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
10900000 | shares | |
| us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
601200000 | USD | |
| us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
1650900000 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1948300000 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1957200000 | USD | |
| us-gaap |
Restructuring Charges
RestructuringCharges
|
208300000 | USD | |
| gis |
Other Project Related Costs
OtherProjectRelatedCosts
|
36400000 | USD | |
| us-gaap |
Restructuring Charges
RestructuringCharges
|
27300000 | USD | |
| gis |
Other Project Related Costs
OtherProjectRelatedCosts
|
8400000 | USD | |
| us-gaap |
Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
|
-8100000 | USD | |
| gis |
Net Loss Gain On Commodity Positions Reclassified From Unallocated Corporate Items To Segment Operating Profit
NetLossGainOnCommodityPositionsReclassifiedFromUnallocatedCorporateItemsToSegmentOperatingProfit
|
-10700000 | USD | |
| us-gaap |
Increase Decrease In Fair Value Of Hedged Item In Price Risk Fair Value Hedge1
IncreaseDecreaseInFairValueOfHedgedItemInPriceRiskFairValueHedge1
|
900000 | USD | |
| gis |
Net Mark To Market Valuation Of Certain Commodity Positions Recognized In Unallocated Corporate Items
NetMarkToMarketValuationOfCertainCommodityPositionsRecognizedInUnallocatedCorporateItems
|
3500000 | USD | |
| us-gaap |
Increase Decrease In Fair Value Of Hedged Item In Price Risk Fair Value Hedge1
IncreaseDecreaseInFairValueOfHedgedItemInPriceRiskFairValueHedge1
|
8900000 | USD | |
| gis |
Net Mark To Market Valuation Of Certain Commodity Positions Recognized In Unallocated Corporate Items
NetMarkToMarketValuationOfCertainCommodityPositionsRecognizedInUnallocatedCorporateItems
|
20700000 | USD | |
| gis |
Allocated Share Based Compensation Expense Including Restructuring And Noncash Items
AllocatedShareBasedCompensationExpenseIncludingRestructuringAndNoncashItems
|
77700000 | USD | |
| gis |
Allocated Share Based Compensation Expense Including Restructuring And Noncash Items
AllocatedShareBasedCompensationExpenseIncludingRestructuringAndNoncashItems
|
63400000 | USD | |
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
91400000 | USD | |
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
90500000 | USD | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
71200000 | USD | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
89700000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
1248600000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
1776600000 | USD | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6800000 | shares | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2200000 | shares | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.12 | ||
| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
64100000 | USD | |
| us-gaap |
Profit Loss
ProfitLoss
|
1804900000 | USD | |
| us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-394900000 | USD | |
| us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
368800000 | USD | |
| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
65100000 | USD | |
| us-gaap |
Profit Loss
ProfitLoss
|
1285500000 | USD | |
| us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
11813200000 | USD | |
| us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
7569100000 | USD | |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2107900000 | USD | |
| us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
165500000 | USD | |
| us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
-13500000 | USD | |
| CY2017Q1 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | USD |
| CY2018Q1 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | USD |
| us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | USD | |
| gis |
Comprehensive Income Net Of Tax Including Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxIncludingPortionsAttributableToNoncontrollingAndRedeemableInterest
|
1923500000 | USD | |
| us-gaap |
Interest Expense
InterestExpense
|
225800000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
1731400000 | USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
511000000 | USD | |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
36900000 | USD | |
| us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
11850200000 | USD | |
| us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
7841800000 | USD | |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2045800000 | USD | |
| us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
14300000 | USD | |
| us-gaap |
Interest Expense
InterestExpense
|
236600000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
1711700000 | USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-29100000 | USD | |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
28300000 | USD | |
| us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.47 | ||
| us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
88400000 | USD | |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
800000 | USD | |
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
42400000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
19300000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
|
92300000 | USD | |
| gis |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease Including Portion Attributable To Noncontrolling And Redeemable Interests
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToNoncontrollingAndRedeemableInterests
|
204600000 | USD | |
| gis |
Comprehensive Income Net Of Tax Including Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxIncludingPortionsAttributableToNoncontrollingAndRedeemableInterest
|
1490100000 | USD | |
| gis |
Comprehensive Income Net Of Tax Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxPortionsAttributableToNoncontrollingAndRedeemableInterest
|
-20300000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1510400000 | USD | |
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-15600000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
|
86400000 | USD | |
| gis |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease Including Portion Attributable To Noncontrolling And Redeemable Interests
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToNoncontrollingAndRedeemableInterests
|
118600000 | USD | |
| gis |
Comprehensive Income Net Of Tax Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxPortionsAttributableToNoncontrollingAndRedeemableInterest
|
125500000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1798000000 | USD | |
| us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
52600000 | USD | |
| us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
15900000 | USD | |
| us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.44 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.1 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.05 | ||
| us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
0 | USD | |
| us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
17500000 | USD | |
| us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
750000000 | USD | |
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1003000000 | USD | |
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
600000000 | USD | |
| us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
500000000 | USD | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
589800000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
601100000 | shares | |
| us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
-2700000 | USD | |
| gis |
Severance Costs Reversal
SeveranceCostsReversal
|
-400000 | USD | |
| gis |
Severance Costs Reversal
SeveranceCostsReversal
|
96800000 | USD | |
| CY2017Q1 | gis |
Severance Costs Reversal
SeveranceCostsReversal
|
66300000 | USD |
| CY2018Q1 | gis |
Severance Costs Reversal
SeveranceCostsReversal
|
700000 | USD |
| CY2018Q1 | gis |
Restructuring Reserve Accelerated Depreciation Charges Reversal
RestructuringReserveAcceleratedDepreciationChargesReversal
|
100000 | USD |
| CY2017Q1 | gis |
Restructuring Reserve Accelerated Depreciation Charges Reversal
RestructuringReserveAcceleratedDepreciationChargesReversal
|
16100000 | USD |
| gis |
Restructuring Reserve Accelerated Depreciation Charges Reversal
RestructuringReserveAcceleratedDepreciationChargesReversal
|
40300000 | USD | |
| gis |
Restructuring Reserve Accelerated Depreciation Charges Reversal
RestructuringReserveAcceleratedDepreciationChargesReversal
|
12800000 | USD | |
| gis |
Other Restructuring Costs Reversal
OtherRestructuringCostsReversal
|
-1000000 | USD | |
| gis |
Other Restructuring Costs Reversal
OtherRestructuringCostsReversal
|
18600000 | USD | |
| CY2017Q1 | gis |
Other Restructuring Costs Reversal
OtherRestructuringCostsReversal
|
7900000 | USD |
| CY2018Q1 | gis |
Other Restructuring Costs Reversal
OtherRestructuringCostsReversal
|
6100000 | USD |
| gis |
Restructuring Charges Reversal
RestructuringChargesReversal
|
27300000 | USD | |
| gis |
Restructuring Charges Reversal
RestructuringChargesReversal
|
208300000 | USD | |
| CY2018Q1 | gis |
Restructuring Charges Reversal
RestructuringChargesReversal
|
7600000 | USD |
| CY2017Q1 | gis |
Restructuring Charges Reversal
RestructuringChargesReversal
|
94000000 | USD |
| us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
40500000 | USD | |
| us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
43000000 | USD | |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
1400000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-3400000 | USD | |
| CY2018Q1 | gis |
Tax Cuts And Jobs Act Of2017 Provisional Deferred Income Tax Expense Benefit Net
TaxCutsAndJobsActOf2017ProvisionalDeferredIncomeTaxExpenseBenefitNet
|
-617800000 | USD |
| CY2018Q1 | gis |
Tax Cuts And Jobs Act Of2017 Provisional Deferred Income Tax Expense Benefit Net Change In Indefinite Reinvestment Assertion
TaxCutsAndJobsActOf2017ProvisionalDeferredIncomeTaxExpenseBenefitNetChangeInIndefiniteReinvestmentAssertion
|
30100000 | USD |
| CY2018Q1 | gis |
Tax Cuts And Jobs Act Of2017 Provisional Transition Tax Expense Benefit Net
TaxCutsAndJobsActOf2017ProvisionalTransitionTaxExpenseBenefitNet
|
83900000 | USD |
| CY2017Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-624700000 | USD |
| CY2017Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
4600000 | USD |
| CY2017Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
1500000 | USD |
| CY2017Q2 | us-gaap |
Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
|
-1645400000 | USD |
| CY2017Q2 | us-gaap |
Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditAfterTax
|
-19500000 | USD |
| CY2018Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-680200000 | USD |
| CY2018Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
7300000 | USD |
| CY2018Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-11000000 | USD |
| CY2018Q1 | us-gaap |
Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
|
-1886800000 | USD |
| CY2018Q1 | us-gaap |
Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditAfterTax
|
-18200000 | USD |
| CY2018Q1 | gis |
Tax Cuts And Jobs Act Of2017 Provisional Income Tax Expense Benefit Net
TaxCutsAndJobsActOf2017ProvisionalIncomeTaxExpenseBenefitNet
|
-503800000 | USD |
| CY2018Q1 | gis |
Tax Cuts And Jobs Act Of2017 Transition Tax Percentage On Accumulated Foreign Earnings And Profits Applicable To Liquid Assets
TaxCutsAndJobsActOf2017TransitionTaxPercentageOnAccumulatedForeignEarningsAndProfitsApplicableToLiquidAssets
|
0.155 | pure |
| CY2018Q1 | gis |
Tax Cuts And Jobs Act Of2017 Transition Tax Percentage On Accumulated Foreign Earnings And Profits Applicable To Unremitted Foreign Earnings And Profits
TaxCutsAndJobsActOf2017TransitionTaxPercentageOnAccumulatedForeignEarningsAndProfitsApplicableToUnremittedForeignEarningsAndProfits
|
0.08 | pure |
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
4 | ||
| CY2018Q1 | gis |
Reclassification To Retained Earnings Related To Adoption Of Accounting Standards Update201802
ReclassificationToRetainedEarningsRelatedToAdoptionOfAccountingStandardsUpdate201802
|
329400000 | USD |
| gis |
Reclassification To Retained Earnings Related To Adoption Of Accounting Standards Update201802
ReclassificationToRetainedEarningsRelatedToAdoptionOfAccountingStandardsUpdate201802
|
0 | USD | |
| gis |
Payments For Other Project Related Costs
PaymentsForOtherProjectRelatedCosts
|
40200000 | USD |
