通用磨坊 2025年季度报告

(Mark One)☑QUARTERLYREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934FOR THE QUARTERLYPERIOD ENDEDFEBRUARY 23, 2025☐TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934FOR THE TRANSITION PERIOD FROMTO Commission file number:001-01185________________ GENERAL MILLS, INC.(Exact name of registrant as specified in its charter) (763)764-7600(Registrant’s telephone number,including area code) Securities registered pursuant to Section 12(b) of the Act: Indicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchange Act of 1934during the preceding 12months (or for such shorterperiod that the registrantwas required to file suchreports),and (2) has been subject to such filing requirements for the past 90 days.Yes☑No☐ IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuant to Rule 405of Regulation S-T (§232.405 of this chapter) duringthe preceding 12 months (orfor such shorter period thattheregistrant was required to submit such files).Yes☑No☐ Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,asmallerreportingcompany,oranemerginggrowthcompany.Seethedefinitionsof“largeacceleratedfiler,”“acceleratedfiler,”“smallerreporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Non-accelerated filer☐ Emerging growth company☐ Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as definedin Rule 12b-2 of the Exchange Act).Yes☐No☑ NumberofsharesofCommonStockoutstandingasofMarch12,2025:547,600,534(excluding207,012,794sharesheldinthetreasury). General Mills, Inc. Table of Contents PARTI – Financial InformationItem 1. Financial StatementsConsolidatedStatements ofEarningsforthe quartersandnine-monthperiodsended February23, 2025andFebruary 25, 20244Consolidated Statementsof ComprehensiveIncome forthe quartersand nine-monthperiods endedFebruary23, 2025 and February 25, 20245Consolidated Balance Sheets as of February 23, 2025 and May 26, 20246ConsolidatedStatementsofTotalEquityforthe quartersandnine-monthperiodsendedFebruary23,2025and February 25, 20247ConsolidatedStatementsofCashFlows forthenine-monthperiodsendedFebruary23,2025andFebruary25, 20249Item 2. Management’s Discussionand Analysis of Financial Condition and Results of Operations22Item 3. Quantitative and Qualitative Disclosures About Market Risk41Item 4. Controls and Procedures42PARTII – Other InformationItem 2. Unregistered Sales of Equity Securities and Use of Proceeds42Item 5. Other Information42Item 6. Exhibits43Signatures44 Consolidated Statements of EarningsGENERAL MILLS, INC. AND SUBSIDIARIES(Unaudited) (In Millions, Except per Share Data) Consolidated Statements of Comprehensive IncomeGENERAL MILLS, INC. AND SUBSIDIARIES(Unaudited) (In Millions) Consolidated Statements of TotalEquityGENERAL MILLS, INC. AND SUBSIDIARIES(Unaudited) (In Millions, Except per Share Data) Consolidated Statements of TotalEquityGENERAL MILLS, INC. AND SUBSIDIARIES(Unaudited) (In Millions, Except per Share Data) GENERAL MILLS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATEDFINANCIAL STATEMENTS(Unaudited) (1) Background The accompanyingConsolidated FinancialStatements ofGeneral Mills,Inc. (we,us, our,General Mills,or the Company)have beenprepared inaccordance withaccounting principlesgenerally acceptedin theUnited States(GAAP) forinterim financialinformationand withthe rulesand regulationsfor reportingon Form10-Q. Accordingly,they donot includecertain informationand disclosuresrequiredforcomprehensivefinancialstatements.Intheopinionofmanagement,alladjustmentsconsiderednecessaryforafairpresentation havebeen includedand areof anormal recurringnature, includingthe eliminationof allintercompany transactionsandanynoncontrollinginterests’shareofthosetransactions.OperatingresultsforthefiscalquarterendedFebruary23,2025,arenotnecessarily indicative of the results that may be expected for the fiscal year endingMay 25, 2025. ThesestatementsshouldbereadinconjunctionwiththeConsolidatedFinancialStatementsandfootnotesincludedinourAnnualReport on Form10-K for the fiscalyear ended May26, 2024. Theaccounting policies usedin preparing theseConsolidated FinancialStatements are the same as those described in Note 2 to the Consolidated FinancialStatements in that Form 10-K. Certain terms used throughout this report are defined in the “Glossary” sectionbelow. (2) Acquisitions and Divestitures Duringthethirdquarteroffiscal2025,weacquiredNXPetHolding,Inc.,representingWhitebridgePetBrands’NorthAmericanpremium cat feedingand pet treatingbusiness, for apurchase price of$1.4billion (Whitebridge PetBrands acquisition).