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General Mills GIS North America Pet — Goodwill Impairment
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Where this comes from
Reported directly by General Mills in its filing.
Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.
The source filing: General Mills’s 10-K, filed July 1, 2026.
- Filed
- Jul 1, 2026, 3:20 PM EDT
- Fiscal year
- FY2026
- Accession
- 0001628280-26-046466
| In Millions | North America Retail | North America Pet | North America Foodservice | International | Corporate and Joint Ventures | Total |
|---|---|---|---|---|---|---|
| Balance as of May 28, 2023 | $6,542.4 | $6,062.8 | $805.6 | $708.4 | $392.0 | $14,511.2 |
| Acquisitions | — | — | — | 318.1 | 26.9 | 345.0 |
| Impairment charge | — | — | — | (117.1) | — | (117.1) |
| Other activity, primarily foreign currency translation | (0.5) | — | (0.1) | 7.7 | 4.5 | 11.6 |
| Balance as of May 26, 2024 | 6,541.9 | 6,062.8 | 805.5 | 917.1 | 423.4 | 14,750.7 |
| Acquisition | — | 1,086.7 | — | — | — | 1,086.7 |
| Divestiture | (14.6) | — | — | — | — | (14.6) |
| Reclassified to assets held for sale | (202.6) | — | (50.0) | — | — | (252.6) |
ITEM 8 - Financial Statements and Supplementary Data
FAQ
- What is General Mills's north america pet — goodwill impairment?
- General Mills (GIS) reported north america pet — goodwill impairment of $375M in Q1 2026.
- What does north america pet — goodwill impairment mean?
- A non-cash charge recorded when the carrying value of goodwill in the North America Pet segment exceeds its implied fair value. This indicates that the expected future economic benefits of the acquired assets have declined.
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