$GIS
GENERAL MILLS INC

2020 Q1 Form 10-Q Financial Statement

#000119312520077160 Filed on March 18, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q2 2019 Q1
Revenue $4.180B $4.162B $4.198B
YoY Change -0.43% 6.98% 8.14%
Cost Of Revenue $2.777B $2.691B $2.755B
YoY Change 0.79% 9.09% 4.93%
Gross Profit $1.403B $1.461B $1.443B
YoY Change -2.76% 2.94% 14.84%
Gross Profit Margin 33.57% 35.11% 34.37%
Selling, General & Admin $746.6M $738.9M $696.6M
YoY Change 7.18% 5.3% 2.52%
% of Gross Profit 53.21% 50.56% 48.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $148.7M $155.5M $154.5M
YoY Change -3.75% -15.54% 7.37%
% of Gross Profit 10.6% 10.64% 10.71%
Operating Expenses $746.6M $738.9M $696.6M
YoY Change 7.18% 5.3% 2.52%
Operating Profit $650.8M $722.4M $651.3M
YoY Change -0.08% 0.63% 14.36%
Interest Expense $109.8M -$124.8M $130.8M
YoY Change -16.06% 21.05% 46.47%
% of Operating Profit 16.87% -17.28% 20.08%
Other Income/Expense, Net
YoY Change
Pretax Income $571.3M $615.9M $541.9M
YoY Change 5.43% 45.29% 7.65%
Income Tax $118.2M -$72.90M $95.80M
% Of Pretax Income 20.69% -11.84% 17.68%
Net Earnings $454.1M $570.2M $446.8M
YoY Change 1.63% 60.89% -52.54%
Net Earnings / Revenue 10.86% 13.7% 10.64%
Basic Earnings Per Share $0.75 $0.95 $0.74
Diluted Earnings Per Share $0.74 $0.94 $0.74
COMMON SHARES
Basic Shares Outstanding 607.9M shares 602.0M shares 600.4M shares
Diluted Shares Outstanding 612.8M shares 604.5M shares

Balance Sheet

Concept 2020 Q1 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $607.0M $502.8M $547.0M
YoY Change 10.97% 17.5% -42.6%
Cash & Equivalents $606.9M $450.0M $547.1M
Short-Term Investments $52.80M
Other Short-Term Assets $428.0M $497.5M $374.0M
YoY Change 14.44% 24.91% -0.27%
Inventory $1.542B $1.559B $1.545B
Prepaid Expenses $189.0M
Receivables $1.731B $1.680B $1.704B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.309B $4.187B $4.170B
YoY Change 3.33% 1.52% -2.51%
LONG-TERM ASSETS
Property, Plant & Equipment $3.535B $3.787B $3.823B
YoY Change -7.53% -6.42% 5.43%
Goodwill $13.95B $14.00B $14.03B
YoY Change -0.53% -0.49% 58.17%
Intangibles $7.108B $7.167B $7.196B
YoY Change -1.21% -3.74%
Long-Term Investments
YoY Change
Other Assets $1.346B $974.9M $1.072B
YoY Change 25.61% 3.38% 23.74%
Total Long-Term Assets $25.94B $25.92B $26.12B
YoY Change -0.67% -2.17% 45.38%
TOTAL ASSETS
Total Short-Term Assets $4.309B $4.187B $4.170B
Total Long-Term Assets $25.94B $25.92B $26.12B
Total Assets $30.25B $30.11B $30.29B
YoY Change -0.12% -1.67% 36.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.932B $2.854B $2.751B
YoY Change 6.58% 3.93% 9.76%
Accrued Expenses $110.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.175B $1.469B $1.971B
YoY Change -40.41% -5.23% 62.81%
Long-Term Debt Due $863.7M $1.397B $1.407B
YoY Change -38.62% -12.72% 12.53%
Total Short-Term Liabilities $6.697B $7.087B $7.517B
YoY Change -10.91% -3.47% 21.04%
LONG-TERM LIABILITIES
Long-Term Debt $11.59B $11.62B $11.64B
YoY Change -0.46% -8.24% 62.52%
Other Long-Term Liabilities $1.537B $1.449B $1.281B
YoY Change 19.92% 8.05% -13.48%
Total Long-Term Liabilities $13.13B $13.07B $12.92B
YoY Change 1.56% -6.68% 80.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.697B $7.087B $7.517B
Total Long-Term Liabilities $13.13B $13.07B $12.92B
Total Liabilities $21.85B $22.19B $22.49B
YoY Change -2.83% -4.98% 30.17%
SHAREHOLDERS EQUITY
Retained Earnings $15.36B $15.00B $14.72B
YoY Change 4.32% 3.71%
Common Stock $1.410B $1.462B $1.490B
YoY Change -5.32% 14.41% 1873.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.779B $6.924B
YoY Change -5.42% -15.47%
Treasury Stock Shares 148.8M shares 152.7M shares 156.0M shares
Shareholders Equity $7.575B $7.055B $6.930B
YoY Change
Total Liabilities & Shareholders Equity $30.25B $30.11B $30.29B
YoY Change -0.12% -1.67% 36.17%

Cashflow Statement

Concept 2020 Q1 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $454.1M $570.2M $446.8M
YoY Change 1.63% 60.89% -52.54%
Depreciation, Depletion And Amortization $148.7M $155.5M $154.5M
YoY Change -3.75% -15.54% 7.37%
Cash From Operating Activities $703.2M $779.4M $631.1M
YoY Change 11.42% 10.44% 11.01%
INVESTING ACTIVITIES
Capital Expenditures -$110.9M -$169.7M -$114.1M
YoY Change -2.8% -24.51% -17.26%
Acquisitions
YoY Change
Other Investing Activities -$31.00M $20.90M $1.800M
YoY Change -1822.22% -100.26% -111.04%
Cash From Investing Activities -$141.9M -$148.8M -$112.3M
YoY Change 26.36% -98.2% -27.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net €300.0M
YoY Change
Cash From Financing Activities -511.6M -718.4M -510.7M
YoY Change 0.18% -110.24% 16.41%
NET CHANGE
Cash From Operating Activities 703.2M 779.4M 631.1M
Cash From Investing Activities -141.9M -148.8M -112.3M
Cash From Financing Activities -511.6M -718.4M -510.7M
Net Change In Cash 49.70M -87.80M 8.100M
YoY Change 513.58% -83.73% -133.2%
FREE CASH FLOW
Cash From Operating Activities $703.2M $779.4M $631.1M
Capital Expenditures -$110.9M -$169.7M -$114.1M
Free Cash Flow $814.1M $949.1M $745.2M
YoY Change 9.25% 2.0% 5.49%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
754600000 shares
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.98
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Central Index Key
EntityCentralIndexKey
0000040704
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OtherAssets
CY2020Q1 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilitiesCurrent
CY2020Q1 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilities
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.49
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.49
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.49
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.49
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.49
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2020-02-23
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-01185
dei Entity Registrant Name
EntityRegistrantName
GENERAL MILLS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
41-0274440
dei Entity Address Address Line1
EntityAddressAddressLine1
Number One General Mills Boulevard
dei Entity Address City Or Town
EntityAddressCityOrTown
Minneapolis
dei Entity Address State Or Province
EntityAddressStateOrProvince
MN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
55426
dei City Area Code
CityAreaCode
(763)
dei Local Phone Number
LocalPhoneNumber
764-7600
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
446800000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2777100000 USD
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2755300000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
696600000 USD
CY2020Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
5800000 USD
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-6400000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
118200000 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-22000000.0 USD
CY2019Q1 gis Other Comprehensive Income Loss Net Of Tax Period Increase Decrease Including Portion Attributable To Noncontrolling And Redeemable Interests
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToNoncontrollingAndRedeemableInterests
60800000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
571300000 USD
CY2019Q1 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
21000000.0 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11800000 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
48700000 USD
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-7700000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-4000000.0 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
1200000 USD
CY2020Q1 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
19600000 USD
CY2020Q1 gis Other Comprehensive Income Loss Net Of Tax Period Increase Decrease Including Portion Attributable To Noncontrolling And Redeemable Interests
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToNoncontrollingAndRedeemableInterests
-4800000 USD
CY2020Q1 gis Comprehensive Income Net Of Tax Including Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxIncludingPortionsAttributableToNoncontrollingAndRedeemableInterest
459100000 USD
CY2019Q1 gis Comprehensive Income Net Of Tax Including Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxIncludingPortionsAttributableToNoncontrollingAndRedeemableInterest
518700000 USD
CY2019Q1 gis Comprehensive Income Net Of Tax Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxPortionsAttributableToNoncontrollingAndRedeemableInterest
13000000.0 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
459400000 USD
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
505700000 USD
CY2020Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
1731100000 USD
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2020Q1 us-gaap Interest Expense
InterestExpense
109800000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
651300000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
130800000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
446800000 USD
CY2019Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
59700000 USD
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
746600000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
541900000 USD
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2020Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
428400000 USD
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
497500000 USD
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
863700000 USD
CY2019Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1396500000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
95800000 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
11624800000 USD
CY2020Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1536600000 USD
CY2019Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1448900000 USD
CY2020Q1 us-gaap Liabilities
Liabilities
21850000000.0 USD
CY2019Q2 us-gaap Liabilities
Liabilities
22191800000 USD
CY2019Q2 us-gaap Redeemable Noncontrolling Interest Equity Other Fair Value
RedeemableNoncontrollingInterestEquityOtherFairValue
551700000 USD
CY2019Q2 us-gaap Common Stock Value
CommonStockValue
75500000 USD
CY2020Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1334900000 USD
CY2019Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1386700000 USD
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
15360000000.0 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
14996700000 USD
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
6779000000.0 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
7575100000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
7054500000 USD
CY2020Q1 us-gaap Minority Interest
MinorityInterest
285000000.0 USD
CY2019Q2 us-gaap Minority Interest
MinorityInterest
313200000 USD
CY2019Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
59700000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
651300000 USD
CY2020Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
5800000 USD
CY2020Q1 us-gaap Increase Decrease In Fair Value Of Hedged Item In Price Risk Fair Value Hedge1
IncreaseDecreaseInFairValueOfHedgedItemInPriceRiskFairValueHedge1
-4400000 USD
dei Entity Shell Company
EntityShellCompany
false
CY2020Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
606138918 shares
us-gaap Operating Income Loss
OperatingIncomeLoss
2124400000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12603600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12703500000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
8241800000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
8408000000.0 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2224500000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2192600000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-35400000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
12900000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
267700000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
650800000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1466100000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1799800000 USD
CY2020Q1 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-30300000 USD
CY2019Q1 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-21400000 USD
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-90700000 USD
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-63300000 USD
us-gaap Interest Expense
InterestExpense
347900000 USD
us-gaap Interest Expense
InterestExpense
397000000.0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1867200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
340900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
313100000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
10800000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
57500000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
52000000.0 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
463900000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
457900000 USD
us-gaap Profit Loss
ProfitLoss
1583800000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9800000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
11100000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
28300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
22500000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
454100000 USD
us-gaap Net Income Loss
NetIncomeLoss
1555500000 USD
us-gaap Net Income Loss
NetIncomeLoss
1182500000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.56
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.96
CY2020Q1 us-gaap Profit Loss
ProfitLoss
463900000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
457900000 USD
us-gaap Profit Loss
ProfitLoss
1583800000 USD
us-gaap Profit Loss
ProfitLoss
1205000000.0 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-28500000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-20100000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-15400000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1500000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
2000000.0 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
58800000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3600000 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
63500000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
500000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
606900000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
450000000.0 USD
CY2019Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
1679700000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
13950800000 USD
gis Other Comprehensive Income Loss Net Of Tax Period Increase Decrease Including Portion Attributable To Noncontrolling And Redeemable Interests
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToNoncontrollingAndRedeemableInterests
18500000 USD
gis Other Comprehensive Income Loss Net Of Tax Period Increase Decrease Including Portion Attributable To Noncontrolling And Redeemable Interests
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToNoncontrollingAndRedeemableInterests
42400000 USD
gis Comprehensive Income Net Of Tax Including Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxIncludingPortionsAttributableToNoncontrollingAndRedeemableInterest
1602300000 USD
gis Comprehensive Income Net Of Tax Including Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxIncludingPortionsAttributableToNoncontrollingAndRedeemableInterest
1247400000 USD
CY2020Q1 gis Comprehensive Income Net Of Tax Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxPortionsAttributableToNoncontrollingAndRedeemableInterest
-300000 USD
gis Comprehensive Income Net Of Tax Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxPortionsAttributableToNoncontrollingAndRedeemableInterest
5900000 USD
gis Comprehensive Income Net Of Tax Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxPortionsAttributableToNoncontrollingAndRedeemableInterest
-3800000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1596400000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1251200000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
1542100000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
1559300000 USD
CY2020Q1 us-gaap Assets Current
AssetsCurrent
4308500000 USD
CY2019Q2 us-gaap Assets Current
AssetsCurrent
4186500000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3535000000.0 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3787200000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
13995800000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7108400000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7166800000 USD
CY2020Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1346000000.0 USD
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
974900000 USD
CY2020Q1 us-gaap Assets
Assets
30248700000 USD
CY2019Q2 us-gaap Assets
Assets
30111200000 USD
CY2020Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
2931500000 USD
CY2019Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2854100000 USD
CY2020Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
1174600000 USD
CY2019Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
1468700000 USD
CY2020Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1726800000 USD
CY2019Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1367800000 USD
CY2020Q1 us-gaap Liabilities Current
LiabilitiesCurrent
6696600000 USD
CY2019Q2 us-gaap Liabilities Current
LiabilitiesCurrent
7087100000 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
11589600000 USD
CY2020Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2027200000 USD
CY2019Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2031000000.0 USD
CY2020Q1 us-gaap Redeemable Noncontrolling Interest Equity Other Fair Value
RedeemableNoncontrollingInterestEquityOtherFairValue
538600000 USD
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
754600000 shares
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2020Q1 us-gaap Common Stock Value
CommonStockValue
75500000 USD
CY2020Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
148800000 shares
CY2019Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
152700000 shares
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2584500000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2625400000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7860100000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7367700000 USD
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
30248700000 USD
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
30111200000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7367700000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
547500000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
298500000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
115200000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-66500000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
28700000 USD
CY2019Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
4000000.0 USD
CY2019Q3 gis Minority Interest Decrease From Distributions To Noncontrolling And Redeemable Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingAndRedeemableInterestHolders
2500000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7695600000 USD
CY2019Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
593200000 USD
CY2019Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
297800000 USD
CY2019Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
15500000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-3400000 USD
CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18600000 USD
CY2019Q4 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
5100000 USD
CY2019Q4 gis Minority Interest Decrease From Distributions To Noncontrolling And Redeemable Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingAndRedeemableInterestHolders
6100000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8020600000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
457900000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
595900000 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2700000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
17900000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1400000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17800000 USD
CY2020Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-32300000 USD
CY2020Q1 gis Minority Interest Decrease From Distributions To Noncontrolling And Redeemable Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingAndRedeemableInterestHolders
21800000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7860100000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6492400000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
323900000 USD
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
294200000 USD
CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
200000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
129300000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-65200000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
28100000 USD
CY2018Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-2000000.0 USD
CY2018Q3 gis Minority Interest Decrease From Distributions To Noncontrolling And Redeemable Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingAndRedeemableInterestHolders
2400000 USD
CY2018Q2 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-33900000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6575800000 USD
CY2018Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
420200000 USD
CY2018Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
295000000.0 USD
CY2018Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
13300000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1500000 USD
CY2018Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15700000 USD
CY2018Q4 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
270900000 USD
CY2018Q4 gis Minority Interest Decrease From Distributions To Noncontrolling And Redeemable Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingAndRedeemableInterestHolders
19900000 USD
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
508300000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
294500000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
400000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
42700000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-4900000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20900000 USD
CY2019Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
9100000 USD
CY2019Q1 gis Minority Interest Decrease From Distributions To Noncontrolling And Redeemable Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingAndRedeemableInterestHolders
11200000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7249400000 USD
us-gaap Profit Loss
ProfitLoss
1583800000 USD
us-gaap Profit Loss
ProfitLoss
1205000000.0 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
456400000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
464600000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
57500000 USD
gis Proceeds From Redeemable Interest Investment
ProceedsFromRedeemableInterestInvestment
55700000 USD
gis Distributions To Noncontrolling And Redeemable Interest Holders
DistributionsToNoncontrollingAndRedeemableInterestHolders
70400000 USD
gis Distributions To Noncontrolling And Redeemable Interest Holders
DistributionsToNoncontrollingAndRedeemableInterestHolders
33500000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-20600000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
109400000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-13000000.0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1691400000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1458000000.0 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-6900000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-13800000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
52000000.0 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
37700000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
46600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
66000000.0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
65900000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1700000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
52500000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
21700000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
21800000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-23200000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
4700000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-35400000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
20600000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
227200000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-91300000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-36500000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4700000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-37000000.0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2159800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2027600000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
269400000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
367900000 USD
gis Net Repayments From Advances To Joint Ventures
NetRepaymentsFromAdvancesToJointVentures
-40900000 USD
gis Net Repayments From Advances To Joint Ventures
NetRepaymentsFromAdvancesToJointVentures
-1500000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
900000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10900000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
200000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4800000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
49400000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-304600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-407700000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-282900000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
429900000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
867800000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1396500000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1153400000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2800000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
700000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
895400000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
883700000 USD
gis Proceeds From Redeemable Interest Investment
ProceedsFromRedeemableInterestInvestment
0 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
399000000.0 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
606900000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
450000000.0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
156900000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
148100000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
547100000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
60300000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
50900000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2500000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-80700000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-54800000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-16500000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
119900000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
77500000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-25600000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-87300000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-91300000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-36500000 USD
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt; text-decoration: underline">(1) Background</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The accompanying Consolidated Financial Statements of General Mills, Inc. (we, us, our, General Mills, or the Company) have been prepared in accordance with accounting principles generally accepted in the United States (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 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 transactions and any noncontrolling and redeemable interests’ share of those transactions. Operating results for the quarter ended February 23, 2020, are not necessarily indicative of the results that may be expected for the fiscal year ending May 31, 2020. </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">These statements 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 May 26, 2019. The accounting policies used in preparing these Consolidated Financial Statements are the same as those described in Note 2 to the Consolidated Financial Statements in that Form 10-K with the exception of new requirements adopted in the first quarter of fiscal 2020.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: justify"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">In the first quarter of fiscal 2020, we adopted new accounting requirements for hedge accounting. The new standard amends the hedge accounting recognition and presentation requirements to better align an entity’s risk management activities and financial reporting. The new standard also simplifies the application of hedge accounting guidance. The adoption did not have a material impact on our results of operations or financial position.</span></p><p style="margin-top: 5.00pt; margin-bottom: 5.00pt; text-align: justify"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">In the first quarter of fiscal 2020, we adopted new requirements for the accounting, presentation, and classification of leases. This results in certain leases being capitalized as a right of use asset with a related liability on our Consolidated Balance Sheet. We performed a review of our lease portfolio, implemented lease accounting software, and developed a centralized business process with corresponding controls. We adopted this guidance utilizing the cumulative effect adjustment approach, which required application of the guidance at the adoption date, and elected certain practical expedients permitted under the transition guidance, including not reassessing whether existing contracts contain leases and carrying forward the historical classification of those leases. In addition, we elected not to recognize leases with an initial term of 12 months or less on our Consolidated Balance Sheet and to continue our historical treatment of land easements, under permitted elections. This guidance did not have a material impact on retained earnings, our Consolidated Statements of Earnings, or our Consolidated Statements of Cash Flows. See Note 6 to the Consolidated Financial Statements for additional information on the impact to our Consolidated Balance Sheets.</span></p><p style="margin-top: 5.00pt; margin-bottom: 5.00pt; text-align: justify"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Certain terms used throughout this report are defined in the “Glossary” section in Part I, Item 2 of this report.</span></p>
CY2020Q1 gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
12400000 USD
CY2019Q1 gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
59800000 USD
gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
37200000 USD
gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
268000000.0 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
576000000.0 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7108400000 USD
CY2020Q1 gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
12400000 USD
CY2019Q1 gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
59800000 USD
gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
37200000 USD
gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
268000000.0 USD
CY2019Q1 gis Other Project Related Costs
OtherProjectRelatedCosts
100000 USD
gis Other Project Related Costs
OtherProjectRelatedCosts
1100000 USD
gis Other Project Related Costs
OtherProjectRelatedCosts
1300000 USD
CY2019Q2 us-gaap Restructuring Reserve
RestructuringReserve
36500000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-1300000 USD
gis Decrease In Restructuring Reserve
DecreaseInRestructuringReserve
12000000.0 USD
CY2020Q1 us-gaap Goodwill
Goodwill
13950800000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
13995800000 USD
CY2019Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
6590800000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
786100000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
210100000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
539600000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7166800000 USD
CY2020Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
21059200000 USD
CY2019Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
21162600000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
40000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
40000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
40000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
40000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
40000000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
13995800000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-45000000.0 USD
CY2020Q1 us-gaap Goodwill
Goodwill
13950800000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7166800000 USD
us-gaap Indefinite Lived Intangible Assets Translation And Purchase Accounting Adjustments
IndefiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
-58400000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7108400000 USD
CY2020Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
387100000 USD
CY2019Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
434900000 USD
CY2020Q1 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
1273700000 USD
CY2019Q2 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
1245900000 USD
CY2020Q1 us-gaap Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
90800000 USD
CY2019Q2 us-gaap Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
92000000.0 USD
CY2020Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
209500000 USD
CY2019Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
213500000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
1542100000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
1559300000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
39400000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
410600000 USD
CY2020Q1 gis Lessee Operating Lease Signed Not Yet Commenced Amount
LesseeOperatingLeaseSignedNotYetCommencedAmount
20800000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
67900000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
450000000.0 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
395800000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
109800000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
300800000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
31800000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
99800000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
4000000.0 USD
us-gaap Variable Lease Cost
VariableLeaseCost
13900000 USD
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4900000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
18500000 USD
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
184900000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
35500000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
117400000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
99000000.0 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
74000000.0 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
56200000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
120000000.0 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
101700000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
85000000.0 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
63800000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
49100000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
63000000.0 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
482600000 USD
CY2020Q1 gis Accounts Payable To Suppliers That Utilize Third Party Service
AccountsPayableToSuppliersThatUtilizeThirdPartyService
1269600000 USD
gis Lessee Operating Lease Weighted Averagestabletext Block
LesseeOperatingLeaseWeightedAveragestabletextBlock
<table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"> <tr style="height: 0.09in"> <td style="vertical-align: bottom; width: 76%; border-bottom: solid #000000 0.5pt; background: #FFFFFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td> <td colspan="3" style="vertical-align: bottom; width: 24%; border-bottom: solid #000000 0.5pt; background: #FFFFFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Feb. 23, 2020</span></p></td></tr> <tr style="height: 0.09in"> <td style="vertical-align: bottom; width: 76%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Weighted-average remaining lease term</span></p></td> <td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">4.5</span></p></td> <td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td> <td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">years</span></p></td></tr> <tr style="height: 0.09in"> <td style="vertical-align: bottom; width: 76%; border-bottom: solid #000000 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Weighted-average discount rate</span></p></td> <td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">4.0</span></p></td> <td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td> <td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">%</span></p></td></tr></table>
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040 pure
us-gaap Operating Lease Payments
OperatingLeasePayments
96000000.0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
48100000 USD
CY2020Q1 us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-8700000 USD
CY2019Q1 us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
10200000 USD
CY2020Q1 gis Net Loss Gain On Commodity Positions Reclassified From Unallocated Corporate Items To Segment Operating Profit
NetLossGainOnCommodityPositionsReclassifiedFromUnallocatedCorporateItemsToSegmentOperatingProfit
-4500000 USD
CY2019Q1 gis Net Loss Gain On Commodity Positions Reclassified From Unallocated Corporate Items To Segment Operating Profit
NetLossGainOnCommodityPositionsReclassifiedFromUnallocatedCorporateItemsToSegmentOperatingProfit
-800000 USD
gis Net Loss Gain On Commodity Positions Reclassified From Unallocated Corporate Items To Segment Operating Profit
NetLossGainOnCommodityPositionsReclassifiedFromUnallocatedCorporateItemsToSegmentOperatingProfit
700000 USD
CY2019Q1 us-gaap Increase Decrease In Fair Value Of Hedged Item In Price Risk Fair Value Hedge1
IncreaseDecreaseInFairValueOfHedgedItemInPriceRiskFairValueHedge1
-4500000 USD
us-gaap Increase Decrease In Fair Value Of Hedged Item In Price Risk Fair Value Hedge1
IncreaseDecreaseInFairValueOfHedgedItemInPriceRiskFairValueHedge1
-1100000 USD
CY2020Q1 gis Net Mark To Market Valuation Of Certain Commodity Positions Recognized In Unallocated Corporate Items
NetMarkToMarketValuationOfCertainCommodityPositionsRecognizedInUnallocatedCorporateItems
-8600000 USD
CY2019Q1 gis Net Mark To Market Valuation Of Certain Commodity Positions Recognized In Unallocated Corporate Items
NetMarkToMarketValuationOfCertainCommodityPositionsRecognizedInUnallocatedCorporateItems
6500000 USD
gis Net Mark To Market Valuation Of Certain Commodity Positions Recognized In Unallocated Corporate Items
NetMarkToMarketValuationOfCertainCommodityPositionsRecognizedInUnallocatedCorporateItems
-1000000.0 USD
gis Net Mark To Market Valuation Of Certain Commodity Positions Recognized In Unallocated Corporate Items
NetMarkToMarketValuationOfCertainCommodityPositionsRecognizedInUnallocatedCorporateItems
-36400000 USD
CY2020Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
1174600000 USD
CY2019Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
1468700000 USD
CY2020Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
3600000000 USD
CY2020Q1 us-gaap Line Of Credit
LineOfCredit
300000000 USD
CY2020Q1 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
13462600000 USD
CY2020Q1 gis Noncontrolling Interests Covenant Compliancee
NoncontrollingInterestsCovenantCompliancee
Our noncontrolling interests contain restrictive covenants. As of February 23, 2020, we were in compliance with all of these covenants.
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-747200000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-739900000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-30000000.0 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-19400000 USD
CY2020Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
-1820100000 USD
CY2019Q2 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
-1880500000 USD
CY2020Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditAfterTax
-12800000 USD
CY2019Q2 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditAfterTax
-14400000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2584500000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2625400000 USD
CY2020Q1 gis Allocated Share Based Compensation Expense Including Restructuring And Noncash Items
AllocatedShareBasedCompensationExpenseIncludingRestructuringAndNoncashItems
18200000 USD
CY2019Q1 gis Allocated Share Based Compensation Expense Including Restructuring And Noncash Items
AllocatedShareBasedCompensationExpenseIncludingRestructuringAndNoncashItems
21400000 USD
gis Allocated Share Based Compensation Expense Including Restructuring And Noncash Items
AllocatedShareBasedCompensationExpenseIncludingRestructuringAndNoncashItems
66000000.0 USD
gis Allocated Share Based Compensation Expense Including Restructuring And Noncash Items
AllocatedShareBasedCompensationExpenseIncludingRestructuringAndNoncashItems
66000000.0 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
4100000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
12300000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
5300000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
12000000.0 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
117700000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P23M
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
109400000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
54000000.0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
66500000 USD
CY2020Q1 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 26, 2019.
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.10
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.35
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.020 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.029 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P8Y6M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P8Y6M
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.174 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.163 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.036 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.043 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
57100000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
42400000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
454100000 USD
us-gaap Net Income Loss
NetIncomeLoss
1555500000 USD
us-gaap Net Income Loss
NetIncomeLoss
1182500000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
607900000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
600400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
607100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
599300000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
612800000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
604500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
604000000.0 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.97
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.54
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
612100000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.96
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10500000 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14400000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10400000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14100000 shares
us-gaap Interest Paid Net
InterestPaidNet
291200000 USD
us-gaap Interest Paid Net
InterestPaidNet
367800000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
387100000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
334500000 USD
CY2019Q3 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
53100000 USD
CY2019Q1 us-gaap Tax Cuts And Jobs Act Of2017 Change In Tax Rate Deferred Tax Asset Income Tax Expense
TaxCutsAndJobsActOf2017ChangeInTaxRateDeferredTaxAssetIncomeTaxExpense
7200000 USD
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt; text-decoration: underline">(16) Contingencies</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt; background: #FFFFFF">During the second quarter of fiscal 2020, we received notice from the tax authorities of the State of São Paulo, Brazil regarding our compliance with its state sales tax requirements. As a result, we have been assessed additional state sales taxes, interest, and penalties. We believe that we have meritorious defenses against this claim and will vigorously defend our position. As of </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">February 23, 2020</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt; background: #FFFFFF">, we are unable to estimate any possible loss and have not recorded a loss contingency for this matter.</span>
CY2020Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-35400000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
12900000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
267700000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
650800000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
2124400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1799800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12603600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12703500000 USD

Files In Submission

Name View Source Status
0001193125-20-077160-index-headers.html Edgar Link pending
0001193125-20-077160-index.html Edgar Link pending
0001193125-20-077160.txt Edgar Link pending
0001193125-20-077160-xbrl.zip Edgar Link pending
d802885d10q.htm Edgar Link pending
d802885d10q_htm.xml Edgar Link completed
d802885dex101.htm Edgar Link pending
d802885dex311.htm Edgar Link pending
d802885dex312.htm Edgar Link pending
d802885dex321.htm Edgar Link pending
d802885dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gis-20200223.xsd Edgar Link pending
gis-20200223_cal.xml Edgar Link unprocessable
gis-20200223_def.xml Edgar Link unprocessable
gis-20200223_lab.xml Edgar Link unprocessable
gis-20200223_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending