Consolidated Balance Sheets GENERAL MILLS, INC. AND SUBSIDIARIES (In Millions, Except Par Value) May 30, 2010 May 31, 2009 ............................................................................................................................................................................................................................................................................................................................................................................................ ASSETS Current assets: Cash and cash equivalents $ 673.2 $ 749.8 Receivables 1,041.6 953.4 Inventories 1,344.0 1,346.8 Deferred income taxes 42.7 15.6 Prepaid expenses and other current assets 378.5 469.3 ............................................................................................................................................................................................................................................................................................................................................................................................ Total current assets 3,480.0 3,534.9 Land, buildings, and equipment 3,127.7 3,034.9 Goodwill 6,592.8 6,663.0 Other intangible assets 3,715.0 3,747.0 Other assets 763.4 895.0 ............................................................................................................................................................................................................................................................................................................................................................................................ Total assets $17,678.9 $17,874.8 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 849.5 $ 803.4 Current portion of long-term debt 107.3 508.5 Notes payable 1,050.1 812.2 Other current liabilities 1,762.2 1,481.9 ............................................................................................................................................................................................................................................................................................................................................................................................ Total current liabilities 3,769.1 3,606.0 Long-term debt 5,268.5 5,754.8 Deferred income taxes 874.6 1,165.3 Other liabilities 2,118.7 1,932.2 ............................................................................................................................................................................................................................................................................................................................................................................................ Total liabilities 12,030.9 12,458.3 ............................................................................................................................................................................................................................................................................................................................................................................................ Stockholders’ equity: Common stock, 754.6 shares issued, $0.10 par value 75.5 75.5 Additional paid-in capital 1,307.1 1,212.1 Retained earnings 8,122.4 7,235.6 Common stock in treasury, at cost, shares of 98.1 and 98.6 (2,615.2) (2,473.1) Accumulated other comprehensive loss (1,486.9) (877.8) ............................................................................................................................................................................................................................................................................................................................................................................................ Total stockholders’ equity 5,402.9 5,172.3 ............................................................................................................................................................................................................................................................................................................................................................................................ Noncontrolling interests 245.1 244.2 ............................................................................................................................................................................................................................................................................................................................................................................................ Total equity 5,648.0 5,416.5 ............................................................................................................................................................................................................................................................................................................................................................................................ Total liabilities and equity $17,678.9 $17,874.8 See accompanying notes to consolidated financial statements. General Mills 48