|
CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Millions, except Per Share data
|
12 Months Ended |
|
May 29, 2011
|
May 30, 2010
|
May 31, 2009
|
| Sales |
 |
 |
 |
| Net sales |
$ 14,880.2 |
$ 14,635.6 |
$ 14,555.8 |
| Expenses |
 |
 |
 |
| Cost of sales |
8,926.7 |
8,835.4 |
9,380.9 |
| Selling, general, and administrative expenses |
3,192.0 |
3,162.7 |
2,893.2 |
| Divestiture (gain), net |
(17.4) |
0 |
(84.9) |
| Restructuring, impairment, and other exit costs |
4.4 |
31.4 |
41.6 |
| Operating profit |
2,774.5 |
2,606.1 |
2,325.0 |
| Interest, net |
346.3 |
401.6 |
382.8 |
| Earnings before income taxes and after-tax earnings from joint ventures |
2,428.2 |
2,204.5 |
1,942.2 |
| Income taxes |
721.1 |
771.2 |
720.4 |
| After-tax earnings from joint ventures |
96.4 |
101.7 |
91.9 |
| Net earnings, including earnings attributable to noncontrolling interests |
1,803.5 |
1,535.0 |
1,313.7 |
| Net earnings attributable to noncontrolling interests |
5.2 |
4.5 |
9.3 |
| Net earnings attributable to General Mills |
$ 1,798.3 |
$ 1,530.5 |
$ 1,304.4 |
| Earnings per share - basic |
$ 2.80 |
$ 2.32 |
$ 1.96 |
| Earnings per share - diluted |
$ 2.6950 |
$ 2.24 |
$ 1.90 |
| Dividends per share |
$ 1.12 |
$ 0.96 |
$ 0.86 |