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General Mills Balance Sheet Statement

Assets, liabilities, and shareholders' equity

General Mills holds $32.4B in total assets. Shareholders' equity is $9.3B against $12.7B in total debt. Cash and equivalents total $785.5M. The current ratio is 0.563 and debt-to-equity is 1.36. Based on the Q1 2026 filing.

Total Assets$32.4BTotal Stockholders Equity$9.3BLong Term Debt$11.0BCash And Equivalents$785.5MTotal Current Assets$4.9BTotal Current Liabilities$8.7B
Latest FilingQ1 2026
Report Date2026-03-18
Market Cap$18.1B
P/E Ratio8.17
ROE23.8%

Current Liabilities

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accounts payable$4.1B$3.7B$4.0B$3.7B$3.9B$3.6B
Accrued expenses——$311.7M———
Accrued interest——$148.9M———
Accrued Manufacturing Costs——$311.7M———
Accrued Marketing and Advertising Expenses——$527.2M———
Derivative Instruments And Hedges Liabilities——$31.5M———
Compensation and benefits——$311.7M———
Other accrued liabilities$1.8B$1.8B$1.6B$2.0B$2.2B$2.1B
Current portion of long-term debt$264.3M$406.7M$677.0M$22.1M$16.8M$837.3M
Current Portion of Long-Term Debt and Finance Lease Obligations$1.8B$1.9B$1.5B$2.2B$1.6B$2.1B
Deposits Received for Securities Loaned——$8.0M———
Derivative Liabilities - Fair Value——$41.7M———
Dividends payable——$22.9M———
Derivative liabilities——$24.8M———
Finance Lease Liability Payment Due——$1.0M———
Finance Lease Liability - Undiscounted Excess Amount——$0.0———
Income taxes payable——$102.1M———
Lease Liability Payments - 2021——$0.0———
Operating Lease Liability Payments - 2024 (Lessee)——$99.5M———
Operating Lease Liability Payments - 2025 (Lessee)——$57.9M———
Lease Liability Payments - Due Year Two——$600.0K———
Lease Liability Payments - Due Year Three——$78.7M———
Lease Liability Payments - Due Year Four——$57.9M———
Lease Liability Payments - Due Year Five——$0.0———
Lease Liability Payments - Remainder of Fiscal Year——$134.0M———
Liabilities held for sale$65.2M$20.5M$18.4M$0.0$0.0$0.0
Net Cash Collateral Posted - Derivative Instruments——$24.8M———
Note payable to DIRECTV$1.8B$1.8B$1.6B$2.0B$2.2B$2.1B
Operating Lease Liability Payments Due——$473.9M———
Operating Lease Liability - Undiscounted Excess Amount——$55.8M———
Other current liabilities——$287.3M———
Short-term borrowings$264.3M$406.7M$677.0M$22.1M$16.8M$837.3M
Total current liabilities$8.0B$7.9B$7.9B$8.0B$7.7B$8.7B
Current Uncertain Tax Liabilities——$0.0———

Current Assets

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accounts receivable, net$1.8B$1.8B$1.8B$1.8B$1.9B$1.9B
Available-for-Sale Debt and Equity Securities (FV-NI)——$2.6M———
Available-for-Sale Debt Securities - Amortized Cost——$2.3M———
Allowance for Doubtful Accounts——$33.2M———
Allowance for Doubtful Accounts Receivable (Current)——$33.2M———
Assets held for sale$880.8M$730.2M$740.4M$0.0$0.0$0.0
Cash and cash equivalents$2.3B$521.3M$363.9M$952.9M$683.4M$785.5M
Cash, Cash Equivalents, and Marketable Securities——$2.3M———
Contract Assets, Net——$65.9M———
Derivative Instruments And Hedges——$11.6M———
Nontrade Receivables Current——$141.2M———
Other current assets——$464.7M———
Current Equity Amortized Cost——$300.0K———
Derivative Assets - Fair Value——$14.2M———
Equity Securities (FV-NI) - Cost Basis——$300.0K———
Derivative assets——$0.0———
Inventories$2.0B$1.8B$1.9B$2.1B$2.1B$1.8B
Marketable Equity Securities (FV-NI) - Cost Basis——$2.6M———
Net Cash Collateral Received - Derivative Instruments——$0.0———
Other Inventory, Net——$65.9M———
Prepaid expenses and other current assets$458.0M$401.9M$464.7M$431.1M$443.6M$490.3M
Total current assets$7.4B$5.3B$5.3B$5.2B$5.1B$4.9B
Vendor Non-Trade Receivables——$141.2M———

Equity

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Additional paid-in capital$1.2B$1.2B$1.2B$1.1B$1.2B$1.2B
Accumulated other comprehensive income (loss)-$2.5B-$2.5B-$2.5B-$2.6B-$2.6B-$2.5B
Common stock$1.0B$1.0B$75.5M$1.0B$75.5M$75.5M
Common Stock Shares Outstanding——$14.4M———
Convertible Preferred Stock Authorized Shares——5M———
Additional paid-in capital$1.2B$1.2B$1.2B$1.1B$1.2B$1.2B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$75.5M$75.5M$75.5M$75.5M$75.5M$75.5M
Noncontrolling interests$248.5M$249.4M$12.0M$12.3M$12.4M$13.7M
Number of Exercisable Options——8.1M———
Retained earnings$21.3B$21.6B$21.9B$22.8B$22.6B$22.5B
Share-Based Payment Award Options Outstanding - Number——12.4M———
Total liabilities and stockholders' equity$33.4B$32.7B$33.1B$33.0B$32.5B$32.4B
Total stockholders' equity$9.2B$9.3B$9.2B$9.5B$9.3B$9.3B
Treasury stock$10.9B$11.2B$11.5B$11.9B$11.9B$11.9B
Undistributed Earnings of Foreign Subsidiaries——$2.3B———
Unrealized Gains on Investments——$0.0———
Unrealized Losses on Investments (Before Tax)——$0.0———
Weighted Average Exercise Price of Outstanding Options——$59.84———

Non-Current Assets

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Capitalized Computer Software, Net——$531.6M———
Deferred Tax Assets and Other Non-Current Assets$1.4B$1.4B$161.1M$1.4B$1.3B$1.4B
Deferred Tax Assets - Tax Credit Carryforwards——$58.1M———
Equity Amortized Cost——$300.0K———
Equity method investments——$431.9M———
Available-for-sale securities——$300.0K———
Total investment securities——$7.2M———
Goodwill$14.4B$15.5B$15.6B$15.7B$15.6B$15.6B
Equity securities——$4.9M———
Intangible assets, net$240.8M$266.9M$7.1B$260.1M$7.0B$7.0B
Investments - Amortized Cost Basis——$2.3M———
Investments - Cost Basis——$300.0K———
Net Investment in Lease——$399.1M———
Net Operating Loss Carryforwards——$58.1M———
Deferred tax assets——$186.1M———
Prepaid pension assets——$144.7M———
Other intangible assets—net$6.7B$7.1B$7.1B$7.1B$7.0B$7.0B
Investments——$431.9M———
Machinery and equipment——$6.7B———
Operating lease right-of-use assets——$399.1M———
Other non-current assets$1.4B$1.4B$1.5B$1.4B$1.3B$1.4B
Property, plant and equipment at cost——$10.4B———
Operating lease right-of-use assets——4.9%———
Operating Lease Right-of-Use Assets in Other Assets——$399.1M———
Other non-current assets$1.4B$1.4B$297.2M$1.4B$1.3B$1.4B
Buildings and improvements——$2.5B———
Construction in progress——$598.1M———
Land——$50.4M———
Machinery and equipment——$6.7B———
Property and equipment, net$3.5B$3.5B$3.6B$3.6B$3.5B$3.5B
Software and Technology Licenses, Net$1.4B$1.4B$531.6M$1.4B$1.3B$1.4B
Tax Credit Carryforward Valuation Allowance——$253.7M———
Total assets$33.4B$32.7B$33.1B$33.0B$32.5B$32.4B

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Cumulative Cost Basis——$2.3M———
Defined Benefit Plan Healthcare Cost Trend Rate——4.5%———
Fair Value Measurement Disclosure——$41.7M———
Gross Assets/Liabilities——$41.7M———
Interest Rate Hedge Reclassification (Next 12 Months)——$100.0K———
Income taxes payable – long-term——$215.9M———
Allowance for doubtful accounts——$33.2M———
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax——$0.0———
Gross Unrealized Gains——$0.0———
Total——$2.3M———
Available for sale investments——$2.3M———
Collateral already posted, aggregate fair value——$24.8M———
Construction work in progress——$598.1M———
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net——$250.7M———
Deferred Compensation And Pension Postemployment And Other Postretirement Defined Benefit Plans Liability Classified Noncurrent——$642.5M———
Deferred Tax Liabilities, Gross——$2.8B———
Deferred income taxes$2.2B$2.3B$2.1B$2.1B$2.1B$2.1B
Capital loss carryforwards——$28.5M———
Deferred Tax Assets, Gross——$1.2B———
Deferred Tax Assets, Net of Valuation Allowance——$919.1M———
Deferred Tax Assets, Operating Loss Carryforwards——$265.2M———
R&D credit carryforward——$305.5M———
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Other——$144.3M———
Accrued expenses——$42.9M———
Deferred Tax Assets Unrealized Losses On Investments——$4.0M———
Deferred Tax Assets, Valuation Allowance——$253.7M———
Deferred Tax Liabilities, Net——$1.9B———
Federal and state intangible assets——$1.4B———
Deferred Tax Liabilities, Other——$110.9M———
Deferred Tax Liabilities, Property, Plant and Equipment——$496.1M———
Deferred Tax Liabilities Unrealized Gains On Investments——$512.2M———
Deferred tax liabilities not recognized to unremitted earnings indefinitely reinvested——$0.0———
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate——$0.0———
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset——$0.0———
Securities Collateral Held /Pledged Under Master Netting Agreements——$8.0M———
Securities Collateral Held /Pledged Under Master Netting Agreements——$8.0M———
Derivative, gross, assets——$14.2M———
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction——$6.2M———
Derivatives, gross, liabilities——$41.7M———
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction——$33.7M———
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset——$0.0———
Derivative, Net Liability Position, Aggregate Fair Value——$24.8M———
Cost——$300.0K———
Finance Lease Liability Payments Due——$1.0M———
Finance Lease Liability Payments Due After Year Five——$0.0———
2027——$0.0———
Finance Lease Liability Payments Due Year Five——$0.0———
Finance Lease Liability Payments Due Year Four——$0.0———
Finance Lease Liability Payments Due Year Three——$400.0K———
Finance Lease Liability Payments Due Year Two——$600.0K———
Finance Lease Liability Undiscounted Excess Amount——$0.0———
Hedge Gain Loss To Be Reclassified During Next Twelve Months Net——$2.1M———
Gains expected to be reclassified——$100.0K———
Lessee Operating Lease Liability Payments Due——$473.9M———
Lessee Operating Lease Liability Undiscounted Excess Amount——$55.8M———
Lessee Operating Lease Signed Not Yet Commenced Amount——$82.5M———
Mortgage and loans payable——$13.6B———
Long-Term Debt and Lease Obligation$12.4B$11.8B$12.7B$12.2B$12.2B$11.0B
Less: current maturities$1.8B$1.9B$1.5B$2.2B$1.6B$2.1B
Marketable Securities——$7.2M———
Noncontrolling interests in subsidiaries$248.5M$249.4M$12.0M$12.3M$12.4M$13.7M
Net Assets Money Purchase Plan——$19.7M———
Operating Lease Liability Classified As Held For Sale——$19.3M———
Operating Lease Right Of Use Asset Classified As Held For Sale——$25.1M———
Operating Lease Weighted Average Discount Rate Percent——$0.0———
Operating Loss Carryforwards Valuation Allowance——$265.2M———
Other financial assets——$9.2M———
Other——$42.9M———
Other liabilities——$0.0———
Other——$287.3M———
Other——$67.4M———
Preferred Stock, Shares Authorized——$5.0M———
Prepaid expenses——$269.0M———
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number——$8.1M———
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number——$12.4M———
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price——$59.8———
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value——$14.4M———
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price——$56.3———
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value——$14.4M———
Undistributed Earnings of Foreign Subsidiaries——$2.3B———
Unrecognized tax benefits——$199.0M———
Penalties and interest accrued on unrecognized tax benefits——$27.0M———
Amount that if recognized, would affect the effective tax rate or regulatory liability——$98.2M———

Non-Current Liabilities

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Debt - Unamortized Discount (Premium) and Issuance Costs, Net——$250.7M———
Defined Benefit Pension Plan Liabilities (Non-Current)——$5.5B———
Deferred Tax Liabilities - Leasing Arrangements——$0.0———
Deferred Tax Liabilities - Other Finite-Lived Assets——$247.3M———
Finance lease liabilities——$1.0M———
Finance Lease Liabilities (Total)——$1.0M———
Hedged Liability - Fair Value Hedge——$3.2M———
Operating Lease Liability Payments - 2026 (Lessee)——$78.7M———
Operating Lease Liability Payments - 2027 (Lessee)——$31.6M———
Operating Lease Liability Payments - 2028 (Lessee)——$57.9M———
Operating Lease Liability Payments - 2029 (Lessee)——$31.6M———
Lease Liability Payments - Due After Year Five——$0.0———
Operating Lease Liability Payments - Thereafter (Lessee)——$72.2M———
Long-term debt$12.4B$11.8B$14.2B$12.2B$12.2B$11.0B
Long-Term Debt and Finance Lease Obligations$12.4B$11.8B$12.7B$12.2B$12.2B$11.0B
Marketing and selling——$527.2M———
Operating lease liabilities, non-current——$302.8M———
Other non-current liabilities$1.3B$1.2B$1.2B$1.3B$1.3B$1.2B
Secured Borrowings Cash Right to Reclaim——$0.0———
Total liabilities$23.9B$23.2B$37.8M$23.5B$23.2B$23.0B
Unrecognized Deferred Tax Liability on Undistributed Foreign Earnings——$0.0———
Unrecognized Tax Benefits——$199.0M———
Unrecognized Tax Benefits - Impacting Effective Tax Rate——$98.2M———
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued——$27.0M———