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Washington, D. FORM K. Commission file number: Exact name of registrant as specified in its charter. Title of each class. Name of each exchange. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule of the Securities Act.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, general mills annual report, if any, every Interactive Data File required to be submitted and posted pursuant to Rule of Regulation S-T during the preceding 12 months or for such shorter period that the registrant was required to submit and post such files.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Check one :.

Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Act. Table of Contents Table of Contents. General Mills, Inc. We are a leading global manufacturer and marketer of branded consumer foods sold through retail stores. We also are a leading supplier of branded and unbranded food products to the foodservice and commercial baking industries.

We manufacture our products in 16 countries and market them in more than countries. In addition to our consolidated operations, we have 50 percent interests in two strategic joint ventures that manufacture and market food products sold in more general mills annual report countries worldwide. We offer a variety of food products that provide great taste, nutrition, convenience and value for consumers around the world, with a focus on five large and growing global categories:. Other significant product categories include:.

HDJ joint venture competes in the super-premium ice cream category in Japan. We manage and review the financial results general mills annual report our business general mills annual report three operating segments: U.

Retail; International; and Convenience Stores and Foodservice. Table of Contents Customers. Our primary customers are grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, commercial and noncommercial foodservice distributors and operators, restaurants, and convenience stores.

We generally sell to these customers through our direct sales force. We use broker and distribution arrangements for certain products or to serve certain types of customers. For further information on our customer credit and product return practices, please refer to Note 2 to the Consolidated Financial Statements in Item 8 of this report. During fiscalWal-Mart Stores, Inc.

Retail segment. No other customer accounted for 10 percent or more of our consolidated net sales. Wal-Mart also represented 7 percent of our net sales in the International segment and 7 percent of our net sales in the Convenience Stores and Foodservice segment.

Retail receivables, 5 percent of our International receivables, and 9 percent of our Convenience Stores and Foodservice receivables.

The five largest customers in our U. Retail segment accounted for 53 percent of its fiscal net sales, the five largest customers in our International segment accounted for 25 percent of its fiscal net sales, and the five largest customers in our Convenience Stores and Foodservice segment accounted for 42 percent of its fiscal net sales.

The consumer foods industry is highly competitive, with numerous manufacturers of varying sizes in the United States and throughout the world. The food categories in which we participate are also very competitive. Our principal competitors in these categories all have substantial financial, marketing, and other resources.

Competition in our product categories is based on product innovation, product quality, price, brand recognition and loyalty, effectiveness of marketing, promotional activity, and the ability to identify and satisfy consumer preferences. In most product categories, we compete not only with other widely advertised, branded products, but also with generic and private label products that are generally sold at lower prices.

Internationally, we compete with both multi-national and local manufacturers, general mills annual report, and each country includes a unique group of competitors. Raw materials, ingredients, and packaging. The principal raw materials that we use are grains wheat, oats, and cornsugar, dairy products, vegetables, fruits, meats, vegetable oils, and other agricultural products. We also use substantial quantities of carton board, corrugated, plastic and metal packaging materials, operating supplies, and energy.

Most of these inputs for our domestic and Canadian operations are purchased from suppliers in the United States. In our international operations, inputs that are not locally available in adequate supply may be imported from other countries. The cost of these inputs may fluctuate widely due to external conditions such as weather, product scarcity, limited sources of supply, commodity market fluctuations, currency fluctuations, and changes in governmental agricultural and energy policies and regulations.

We have some long-term fixed price contracts, but the majority of our inputs are purchased on the open market. We believe that we will be able to obtain an adequate supply of needed inputs. Occasionally and where general mills annual report, we make advance purchases of items significant to our business in order to ensure continuity of operations. Our objective is to procure materials meeting both our quality standards and our production needs at price levels that allow a targeted profit margin.

Since these inputs generally represent the largest variable cost in manufacturing our products, to the extent possible, we often manage the risk associated with adverse price movements for some inputs using a variety of risk management strategies. We also have a grain merchandising operation that provides us efficient access general mills annual report, and more informed knowledge of, various commodity markets, principally wheat and oats.

This operation holds physical inventories that are carried at fair market value and uses derivatives to manage its net inventory position and minimize its market exposures. Our principal research and development facilities are located in Minneapolis, Minnesota, general mills annual report.

Our research and development resources are focused on new product development, product improvement, process design and improvement, packaging, and exploratory research in new business and technology general mills annual report. Our products are marketed under a variety of valuable trademarks.

We protect these marks as appropriate through registrations in the United States and other jurisdictions. Depending on the jurisdiction, trademarks are generally valid as long general mills annual report they are in use or their registrations are properly maintained and they have not been found to have become generic.

Registrations of trademarks can also generally be renewed indefinitely as long as the trademarks are in use. Our yogurt business uses a variety of licensed trademarks, including various Disney, general mills annual report, Warner Bros. The J. Smucker Company holds an exclusive royalty-free license to use the Pillsbury brand and the Pillsbury Doughboy character in the dessert mix and baking mix categories in the United States and under limited circumstances in Canada and Mexico, general mills annual report.

The Green Giant trademark is licensed to a third party for use in connection with its sale of fresh produce in the United States and Europe. The Yoplait trademark and other related general mills annual report are owned by Yoplait Marques SAS, an entity in which we own a 50 percent interest.

These marks are licensed exclusively to Yoplait SAS, an entity in which we own a 51 percent interest. Yoplait SAS licenses these trademarks to its franchisees.

We continue our focus on developing and marketing innovative, proprietary products. We consider the collective rights under our various patents, which expire from time to time, a valuable asset, but we do not believe that our businesses are materially dependent upon any single patent or group of related patents.

In general, demand for our products is evenly balanced throughout the year. However, within our U. Retail segment demand for refrigerated dough, general mills annual report, frozen baked goods, and baking products is stronger in the fourth calendar quarter, general mills annual report.

Demand for Progresso soup and Green Giant canned and frozen vegetables is higher during the fall and winter months. Due to the offsetting impact of these demand trends, as well as the different seasons in the northern and southern hemispheres, general mills annual report, our International segment net sales are generally evenly balanced throughout general mills annual report year. Orders are generally filled within a few days of receipt and are subject to cancellation at any time prior to shipment.

The manufacture and sale of consumer food products is highly regulated. In the United States, our activities are subject to regulation by various federal government agencies, including the Food and Drug Administration, Department of Agriculture, Federal Trade Commission, Department of Commerce, and Environmental Protection Agency, as well as various state and local agencies.

Our business general mills annual report also regulated by similar agencies outside of the United States. These matters involve several different actions, including administrative proceedings commenced by regulatory agencies and demand letters by regulatory agencies and private parties.

Based on current facts and circumstances, we believe that neither the results of our environmental proceedings nor our compliance in general with environmental laws or regulations will have a material adverse effect upon our capital expenditures, earnings, or competitive position.

Belton joined General Mills in and has held various positions, including President of Snacks from to general mills annual report, New Ventures from toand Big G cereals from to He had oversight responsibility for the Yoplait division, General Mills Canada, and New Business Development from toand has had oversight responsibility for Growth and Marketing Innovation since and Global Strategy since September He is a director of U.

John R. Church joined General Mills in as a Product Developer in the Big G cereals division and held various positions before becoming Vice President, Engineering in Table of Contents Michael L. Inhis role was expanded to include staffing activities, and ingeneral mills annual report became Vice President, Human Resources for the U, general mills annual report.

Retail and Corporate groups. Davis is retiring in September Peter C. Erickson joined General Mills in as part of the Colombo yogurt acquisition. He was named to general mills annual report present position in July Jeffrey L. Harmening joined General Mills in and served in various marketing roles in the Betty Crocker, Yoplait, and Big G cereal divisions. Donal L. From tohe general mills annual report several international positions at PepsiCo, Inc.

Brands, Inc. Mulligan is a director of Tennant Company. Kimberly A. Nelson joined General Mills in and has held marketing leadership roles in the Big G cereal, Snacks, and Meals divisions.


General Mills, Inc. - Financial Information


general mills annual report


Global Responsibility Report. {hosting_shortdoctitlestripped} {doc1_shortdoctitlestripped} {doc2_shortdoctitlestripped}. Most Recent Annual Report. Annual Report and Form 10K. Annual Report. PDF; Form 10K (HTML) General Mills, Inc. does not currently have any hardcopy reports on Click the button below to request a report when hardcopies become available. Request Information. General Mills is an Equal Employment Opportunity Employer. Women, minorities, veterans and individuals with disabilities are encouraged to apply to any General Mills employment opportunities.