2024 Q4 Form 10-Q Financial Statement

#000119312524281288 Filed on December 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q4
Revenue $5.240B
YoY Change 1.96%
Cost Of Revenue $3.309B
YoY Change -1.91%
Gross Profit $1.931B
YoY Change 9.36%
Gross Profit Margin 36.85%
Selling, General & Admin $852.0M
YoY Change 2.59%
% of Gross Profit 44.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $852.0M
YoY Change 2.59%
Operating Profit $1.078B
YoY Change 32.78%
Interest Expense $124.6M
YoY Change 5.77%
% of Operating Profit 11.56%
Other Income/Expense, Net
YoY Change
Pretax Income $967.1M
YoY Change 35.43%
Income Tax $194.8M
% Of Pretax Income 20.14%
Net Earnings $795.7M
YoY Change 33.62%
Net Earnings / Revenue 15.18%
Basic Earnings Per Share $1.43
Diluted Earnings Per Share $1.42
COMMON SHARES
Basic Shares Outstanding 556.9M shares
Diluted Shares Outstanding 560.4M shares

Balance Sheet

Concept 2024 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.293B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.968B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.381B
YoY Change 46.29%
LONG-TERM ASSETS
Property, Plant & Equipment $3.457B
YoY Change -3.94%
Goodwill $14.43B
YoY Change -0.1%
Intangibles $6.743B
YoY Change -3.16%
Long-Term Investments
YoY Change
Other Assets $1.387B
YoY Change 17.14%
Total Long-Term Assets $26.01B
YoY Change -0.66%
TOTAL ASSETS
Total Short-Term Assets $7.381B
Total Long-Term Assets $26.01B
Total Assets $33.40B
YoY Change 6.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.069B
YoY Change 6.39%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $264.3M
YoY Change -66.93%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.024B
YoY Change 1.55%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $1.254B
YoY Change 9.78%
Total Long-Term Liabilities $1.254B
YoY Change 9.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.024B
Total Long-Term Liabilities $1.254B
Total Liabilities $23.95B
YoY Change 10.86%
SHAREHOLDERS EQUITY
Retained Earnings $21.34B
YoY Change 6.27%
Common Stock $1.258B
YoY Change -1.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.87B
YoY Change 12.36%
Treasury Stock Shares
Shareholders Equity $9.201B
YoY Change
Total Liabilities & Shareholders Equity $33.40B
YoY Change 6.92%

Cashflow Statement

Concept 2024 Q4
OPERATING ACTIVITIES
Net Income $795.7M
YoY Change 33.62%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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ComprehensiveIncomeNetOfTaxIncludingPortionsAttributableToNoncontrollingAndRedeemableInterest
1381000000.0 usd
gis Comprehensive Income Net Of Tax Including Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxIncludingPortionsAttributableToNoncontrollingAndRedeemableInterest
1257900000 usd
CY2023Q4 gis Comprehensive Income Net Of Tax Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxPortionsAttributableToNoncontrollingAndRedeemableInterest
7100000 usd
gis Comprehensive Income Net Of Tax Portions Attributable To Noncontrolling And Redeemable Interest
ComprehensiveIncomeNetOfTaxPortionsAttributableToNoncontrollingAndRedeemableInterest
14000000.0 usd
CY2023Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
581600000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1371500000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1243900000 usd
CY2024Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2292800000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
418000000.0 usd
CY2024Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
1781900000 usd
CY2024Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
1696200000 usd
CY2024Q4 us-gaap Inventory Net
InventoryNet
1967900000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
1898200000 usd
CY2024Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
458000000.0 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
568500000 usd
CY2024Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
880800000 usd
CY2024Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 usd
CY2024Q4 us-gaap Assets Current
AssetsCurrent
7381400000 usd
CY2024Q2 us-gaap Assets Current
AssetsCurrent
4580900000 usd
CY2024Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3457000000.0 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3863900000 usd
CY2024Q4 us-gaap Goodwill
Goodwill
14427700000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6979900000 usd
CY2024Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1386700000 usd
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1294500000 usd
CY2024Q4 us-gaap Assets
Assets
33396100000 usd
CY2024Q2 us-gaap Assets
Assets
31469900000 usd
CY2024Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4068800000 usd
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
3987800000 usd
CY2024Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1821500000 usd
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1614100000 usd
CY2024Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
264300000 usd
CY2024Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
11800000 usd
CY2024Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1804500000 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1419400000 usd
CY2024Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
65200000 usd
CY2024Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 usd
CY2024Q4 us-gaap Liabilities Current
LiabilitiesCurrent
8024300000 usd
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
7033100000 usd
CY2024Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
12435800000 usd
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
11304200000 usd
CY2024Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2232900000 usd
CY2024Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2200600000 usd
CY2024Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1253900000 usd
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1283500000 usd
CY2024Q4 us-gaap Liabilities
Liabilities
23946900000 usd
CY2024Q2 us-gaap Liabilities
Liabilities
21821400000 usd
CY2024Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
754600000 shares
CY2024Q4 us-gaap Common Stock Value
CommonStockValue
75500000 usd
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
75500000 usd
CY2024Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1182000000.0 usd
CY2024Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1227000000.0 usd
CY2024Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
21340300000 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
20971800000 usd
CY2024Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
202400000 shares
CY2024Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
195500000 shares
CY2024Q4 us-gaap Treasury Stock Value
TreasuryStockValue
10873300000 usd
CY2024Q2 us-gaap Treasury Stock Value
TreasuryStockValue
10357900000 usd
CY2024Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2523800000 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2519700000 usd
CY2024Q4 us-gaap Stockholders Equity
StockholdersEquity
9200700000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
9396700000 usd
CY2024Q4 us-gaap Minority Interest
MinorityInterest
248500000 usd
CY2024Q2 us-gaap Minority Interest
MinorityInterest
251800000 usd
CY2024Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9449200000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9648500000 usd
CY2024Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
33396100000 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
31469900000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9526600000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10515400000 usd
CY2024Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2024Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2024Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.20
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.18
CY2024Q4 gis Treasury Stock Value Excise Tax
TreasuryStockValueExciseTax
2600000 usd
CY2023Q4 gis Treasury Stock Value Excise Tax
TreasuryStockValueExciseTax
7900000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9648500000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10700000000.0 usd
CY2024Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2024Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.80
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.77
gis Treasury Stock Value Excise Tax
TreasuryStockValueExciseTax
4800000 usd
gis Treasury Stock Value Excise Tax
TreasuryStockValueExciseTax
12100000 usd
CY2024Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9449200000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9631900000 usd
us-gaap Profit Loss
ProfitLoss
1385900000 usd
us-gaap Profit Loss
ProfitLoss
1282600000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
49200000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
47700000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-11500000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-58700000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-172300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1495800000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
7700000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
25500000 usd
gis Net Repayments From Advances To Joint Ventures
NetRepaymentsFromAdvancesToJointVentures
6600000 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
100000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-305900000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
254300000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1500000000.0 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
500000000.0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
400000000.0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
33800000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5700000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
600400000 usd
us-gaap Proceeds From Payments For Other Financing Activities
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-41800000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1173600000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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-16100000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2300000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
418000000.0 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
585500000 usd
CY2024Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2292800000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
593800000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-172300000 usd
us-gaap Basis Of Accounting
BasisOfAccounting
<div id="TextBlockContainer2" style="position:relative;line-height:normal;width:737px;height:231px;"><div style="position:absolute; width:84px; height:1px; left:4px; top:13.6px; background-color:#000000; "> </div> <div id="TextContainer2" style="position:relative;width:737px;z-index:1;"><div id="a2821" style="position:absolute;font-family:'Times New Roman';left:4px;top:0px;">(1) Background </div><div id="a2824" style="position:absolute;font-family:'Times New Roman';left:4px;top:31px;">The accompanying<div style="display:inline-block;width:5px"> </div>Consolidated Financial<div style="display:inline-block;width:5px"> </div>Statements of<div style="display:inline-block;width:5px"> </div>General Mills,<div style="display:inline-block;width:5px"> </div>Inc. (we,<div style="display:inline-block;width:5px"> </div>us, our,<div style="display:inline-block;width:5px"> </div>General Mills,<div style="display:inline-block;width:5px"> </div>or the Company)<div style="display:inline-block;width:5px"> </div>have been </div><div id="a2826" style="position:absolute;font-family:'Times New Roman';left:4px;top:46px;">prepared in<div style="display:inline-block;width:6px"> </div>accordance with<div style="display:inline-block;width:6px"> </div>accounting principles<div style="display:inline-block;width:6px"> </div>generally accepted<div style="display:inline-block;width:6px"> </div>in the<div style="display:inline-block;width:5px"> </div>United States<div style="display:inline-block;width:5px"> </div>(GAAP) for<div style="display:inline-block;width:6px"> </div>interim financial<div style="display:inline-block;width:5px"> </div>information </div><div id="a2828" style="position:absolute;font-family:'Times New Roman';left:4px;top:61px;">and with<div style="display:inline-block;width:5px"> </div>the rules<div style="display:inline-block;width:5px"> </div>and regulations<div style="display:inline-block;width:5px"> </div>for reporting<div style="display:inline-block;width:5px"> </div>on Form<div style="display:inline-block;width:5px"> </div>10-Q. Accordingly,<div style="display:inline-block;width:6px"> </div>they do<div style="display:inline-block;width:5px"> </div>not include<div style="display:inline-block;width:5px"> </div>certain information<div style="display:inline-block;width:5px"> </div>and disclosures </div><div id="a2831" style="position:absolute;font-family:'Times New Roman';left:4px;top:77px;">required<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:6px"> </div>comprehensive<div style="display:inline-block;width:6px"> </div>financial<div style="display:inline-block;width:6px"> </div>statements.<div style="display:inline-block;width:6px"> </div>In<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>opinion<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>management,<div style="display:inline-block;width:6px"> </div>all<div style="display:inline-block;width:6px"> </div>adjustments<div style="display:inline-block;width:6px"> </div>considered<div style="display:inline-block;width:6px"> </div>necessary<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:6px"> </div>a<div style="display:inline-block;width:6px"> </div>fair </div><div id="a2833" style="position:absolute;font-family:'Times New Roman';left:4px;top:92px;">presentation have<div style="display:inline-block;width:5px"> </div>been included<div style="display:inline-block;width:5px"> </div>and are<div style="display:inline-block;width:5px"> </div>of a<div style="display:inline-block;width:5px"> </div>normal recurring<div style="display:inline-block;width:5px"> </div>nature, including<div style="display:inline-block;width:5px"> </div>the elimination<div style="display:inline-block;width:5px"> </div>of all<div style="display:inline-block;width:5px"> </div>intercompany transactions<div style="display:inline-block;width:5px"> </div>and </div><div id="a2835" style="position:absolute;font-family:'Times New Roman';left:4px;top:107px;">any<div style="display:inline-block;width:5px"> </div>noncontrolling<div style="display:inline-block;width:5px"> </div>interests’<div style="display:inline-block;width:5px"> </div>share<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>those<div style="display:inline-block;width:5px"> </div>transactions.<div style="display:inline-block;width:5px"> </div>Operating<div style="display:inline-block;width:5px"> </div>results<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>fiscal<div style="display:inline-block;width:5px"> </div>quarter<div style="display:inline-block;width:5px"> </div>ended<div style="display:inline-block;width:5px"> </div>November<div style="display:inline-block;width:5px"> </div>24,<div style="display:inline-block;width:5px"> </div>2024,<div style="display:inline-block;width:5px"> </div>are not </div><div id="a2840" style="position:absolute;font-family:'Times New Roman';left:4px;top:123px;">necessarily indicative of the results that may be expected for the fiscal year ending<div style="display:inline-block;width:5px"> </div>May 25, 2025.<div style="display:inline-block;width:4px"> </div></div><div id="a2843" style="position:absolute;font-family:'Times New Roman';left:4px;top:153px;">These<div style="display:inline-block;width:5px"> </div>statements<div style="display:inline-block;width:5px"> </div>should<div style="display:inline-block;width:5px"> </div>be<div style="display:inline-block;width:5px"> </div>read<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>conjunction<div style="display:inline-block;width:5px"> </div>with<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>Consolidated<div style="display:inline-block;width:5px"> </div>Financial<div style="display:inline-block;width:5px"> </div>Statements<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>footnotes<div style="display:inline-block;width:5px"> </div>included<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>our<div style="display:inline-block;width:5px"> </div>Annual </div><div id="a2845" style="position:absolute;font-family:'Times New Roman';left:4px;top:169px;">Report on Form<div style="display:inline-block;width:5px"> </div>10-K for the fiscal<div style="display:inline-block;width:5px"> </div>year ended May<div style="display:inline-block;width:5px"> </div>26, 2024. The<div style="display:inline-block;width:5px"> </div>accounting policies used<div style="display:inline-block;width:5px"> </div>in preparing these<div style="display:inline-block;width:5px"> </div>Consolidated Financial </div><div id="a2851" style="position:absolute;font-family:'Times New Roman';left:4px;top:184px;">Statements are the same as those described in Note 2 to the Consolidated Financial<div style="display:inline-block;width:5px"> </div>Statements in that Form 10-K. </div><div id="a2857" style="position:absolute;font-family:'Times New Roman';left:4px;top:215px;">Certain terms used throughout this report are defined in the “Glossary” section<div style="display:inline-block;width:5px"> </div>below.</div></div></div>
CY2024Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
117100000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
117100000 usd
CY2024Q4 gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
1300000 usd
CY2023Q4 gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
131900000 usd
gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
4200000 usd
gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
141700000 usd
CY2023Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
117100000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
5100000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
18600000 usd
CY2024Q4 gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
1300000 usd
CY2023Q4 gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
131900000 usd
gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
4200000 usd
gis Restructuring Charges Reversal Including Restructuring Charges Associated With Cost Of Goods Sold
RestructuringChargesReversalIncludingRestructuringChargesAssociatedWithCostOfGoodsSold
141700000 usd
CY2024Q4 gis Other Project Related Costs
OtherProjectRelatedCosts
100000 usd
CY2023Q4 gis Other Project Related Costs
OtherProjectRelatedCosts
300000 usd
gis Other Project Related Costs
OtherProjectRelatedCosts
200000 usd
gis Other Project Related Costs
OtherProjectRelatedCosts
1100000 usd
CY2024Q4 us-gaap Goodwill
Goodwill
14427700000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
14750700000 usd
CY2024Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
6502500000 usd
CY2024Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
6728600000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
387100000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
402200000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
150900000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
251300000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6979900000 usd
CY2024Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
21171000000.0 usd
CY2024Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
21730600000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
20000000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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19800000 usd
CY2024Q4 gis Accounts Payable To Suppliers That Utilize Third Party Service
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gis Noncontrolling Interests Covenant Compliance
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CY2024Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2024Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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17.47
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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P8Y6M
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0.216 pure
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
97000000.0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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87400000 usd
CY2024Q4 us-gaap Net Income Loss
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795700000 usd
CY2023Q4 us-gaap Net Income Loss
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595500000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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CY2024Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
556900000 shares
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
580100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
558700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
583200000 shares
CY2024Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
560400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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562200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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587400000 shares
CY2024Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.43
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us-gaap Earnings Per Share Basic
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1.02
us-gaap Earnings Per Share Diluted
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CY2024Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2400000 shares
CY2024Q4 us-gaap Treasury Stock Shares Acquired
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4200000 shares
CY2023Q4 us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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8700000 shares
us-gaap Treasury Stock Shares Acquired
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18800000 shares
CY2024Q4 us-gaap Treasury Stock Value Acquired Cost Method
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303000000.0 usd
CY2023Q4 us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid Net
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CY2024Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
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CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q4 us-gaap Restructuring Settlement And Impairment Provisions
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us-gaap Restructuring Settlement And Impairment Provisions
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us-gaap Restructuring Settlement And Impairment Provisions
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CY2024Q4 us-gaap Operating Income Loss
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CY2023Q4 us-gaap Operating Income Loss
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CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q4 ecd Rule10b51 Arr Adopted Flag
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CY2024Q4 ecd Rule10b51 Arr Trmntd Flag
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CY2024Q4 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q4 ecd Non Rule10b51 Arr Trmntd Flag
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