General Mills
25 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.
Customers
Walmart Inc.
earns from · 22 percent of our consolidated net sales and 31 percent of net sales of our North America Retail segmentnamed as a riskIn fiscal 2026, Walmart accounted for 22 percent of our consolidated net sales and 31 percent of net sales of our North America Retail segment.Risk factors (Item 1A)
Also named by CAG, CALM, CHD, CL, CPB, HAS, HRL, HSY and 9 more
Suppliers
Single-source suppliers and single manufacturing locations
depends onnamed as a riskMany of our product lines are manufactured at a single location or sourced from a single supplier.Risk factors (Item 1A)
Partners and platforms
Cereal Partners Worldwide (CPW)
50 percent interestsOur Cereal Partners Worldwide (CPW) joint venture with Nestlé S.A. (Nestlé) competes in the ready-to-eat cereal category in markets outside North America, and our Häagen-Dazs Japan, Inc. (HDJ) joint venture competes in the super-premium ice cream category in Japan.Business (Item 1)
Nestlé S.A.
The Häagen-Dazs trademark is licensed royalty-free and exclusively to Nestlé and authorized sublicensees for ice cream and other frozen dessert products in the United States and Canada.Business (Item 1)
Häagen-Dazs Japan, Inc. (HDJ)
operates inThe Häagen-Dazs trademark is also licensed to HDJ in Japan.Business (Item 1)
Other companies
Blue Buffalo brand
named as a riskOur Blue Buffalo and Progresso brands had risk of decreasing coverage and we continue to monitor these businesses.Risk factors (Item 1A)
Progresso brand
named as a riskOur Blue Buffalo and Progresso brands had risk of decreasing coverage and we continue to monitor these businesses.Risk factors (Item 1A)
Places
Outside the United States
earns from · 20 percent of our consolidated net salesnamed as a riskIn fiscal 2026, 20 percent of our consolidated net sales were generated outside of the United States.Risk factors (Item 1A)
Also named by APD, ARW, BALL, CCK, COO, GGG, HPE, LITE and 10 more
Minneapolis, Minnesota
operates innamed as a riskAs of May 31, 2026, we were involved with two response actions associated with the alleged or threatened release of hazardous substances or wastes located in Minneapolis, Minnesota and Moonachie, New Jersey.Business (Item 1)
Moonachie, New Jersey
operates innamed as a riskAs of May 31, 2026, we were involved with two response actions associated with the alleged or threatened release of hazardous substances or wastes located in Minneapolis, Minnesota and Moonachie, New Jersey.Business (Item 1)
Commodities and inputs
Natural gas
exposed to its pricenamed as a riskWe utilize derivatives to manage price risk for some of our principal ingredient and energy costs, including grains (oats, wheat, and corn), oils (principally soybean), dairy products, natural gas, and diesel fuel.Risk factors (Item 1A)
Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more
Diesel fuel
exposed to its pricenamed as a riskWe utilize derivatives to manage price risk for some of our principal ingredient and energy costs, including grains (oats, wheat, and corn), oils (principally soybean), dairy products, natural gas, and diesel fuel.Risk factors (Item 1A)
Also named by ADM, BLDR, BTU, CAH, CHD, CHRW, COST, CP and 43 more
Canadian dollar
exposed to its pricenamed as a riskOur principal exposures are to the Australian dollar, Brazilian real, British pound sterling, Canadian dollar, Chinese renminbi, euro, Japanese yen, Mexican peso, and Swiss franc.Risk factors (Item 1A)
Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more
Corn
exposed to its pricenamed as a riskThe principal raw materials that we use are grains (wheat, oats, and corn), meat, vegetable oils, sugar, vegetables, fruits, nuts, and other agricultural products.Business (Item 1)
Also named by ADM, BF/B, CAG, CALM, CL, DE, FLO, FPI and 10 more
Wheat
exposed to its pricenamed as a riskWe utilize derivatives to manage price risk for some of our principal ingredient and energy costs, including grains (oats, wheat, and corn), oils (principally soybean), dairy products, natural gas, and diesel fuel.Risk factors (Item 1A)
Also named by CAG, CPB, FLO, FPI, HSY, KHC, MDLZ, POST and 1 more
Soybean oil
exposed to its pricenamed as a riskWe utilize derivatives to manage price risk for some of our principal ingredient and energy costs, including grains (oats, wheat, and corn), oils (principally soybean), dairy products, natural gas, and diesel fuel.Risk factors (Item 1A)
Dairy products
exposed to its pricenamed as a riskWe utilize derivatives to manage price risk for some of our principal ingredient and energy costs, including grains (oats, wheat, and corn), oils (principally soybean), dairy products, natural gas, and diesel fuel.Risk factors (Item 1A)
Packaging materials (carton board, corrugated, plastic, metal)
exposed to its pricenamed as a riskWe also use substantial quantities of carton board, corrugated, plastic, and metal packaging materials, operating supplies, and energy.Business (Item 1)
Oats
exposed to its pricenamed as a riskWe also have a grain merchandising operation that provides us efficient access to, and more informed knowledge of, various commodity markets, principally wheat and oats.Business (Item 1)
Regulators
U.S. Food and Drug Administration
subject tonamed as a riskOur facilities and products are subject to many laws and regulations administered by the United States Department of Agriculture, the Food and Drug Administration, the Occupational Safety and Health Administration, and other federal, state, local, and foreign governmental agencies relating to the production, packaging, labeling, storage, distribution, quality, and safety of food products and the health and safety of our employees.Risk factors (Item 1A)
Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more
U.S. Department of Agriculture
subject tonamed as a riskOur facilities and products are subject to many laws and regulations administered by the United States Department of Agriculture, the Food and Drug Administration, the Occupational Safety and Health Administration, and other federal, state, local, and foreign governmental agencies relating to the production, packaging, labeling, storage, distribution, quality, and safety of food products and the health and safety of our employees.Risk factors (Item 1A)
Also named by AGM, BJ, CAG, CALM, CASH, CB, DLTR, FLO and 11 more
Laws and programs
U.S. tariffs
subject tonamed as a riskOur future results could be affected by a variety of factors, such as: imposed and threatened tariffs by the United States and its trading partners; disruptions or inefficiencies in the supply chain; competitive dynamics in the consumer foods industry and the markets for our products, including new product introductions, advertising activities, pricing actions, and promotional activities of our competitors; economic conditions, including changes in inflation rates, interest rates, tax rates, tariffs, or the availability of capital; product development and innovation; consumer acceptance of new products and product improvements; consumer reaction to pricing actions and changes in promotion levels; acquisitions or dispositions of businesses or assets; changes in capital structure; changes in the legal and regulatory environment, including tax legislation, labeling and advertising regulations, and litigation; impairments in the carrying value of goodwill, other intangible assets, or other long-lived assets, or changes in the useful lives of other intangible assets; changes in accounting standards and the impact of critical accounting estimates; product quality and safety issues, including recalls and product liability; changes in consumer demand for our products; effectiveness of advertising, marketing, and promotional programs; changes in consumer behavior, trends, and preferences, including weight loss trends; consumer perception of health-related issues, including obesity; consolidation in the retail environment; changes in purchasing and inventory levels of significant customers; fluctuations in the cost and availability of supply chain resources, including raw materials, packaging, energy, and transportation; effectiveness of restructuring, transformation, and cost saving initiatives; volatility in the market value of derivatives used to manage price risk for certain commodities; benefit plan expenses due to changes in plan asset values and discount rates used to determine plan liabilities; failure or breach of our information technology systems; foreign economic conditions, including currency rate fluctuations and tariffs; and political unrest in foreign markets and economic uncertainty due to terrorism or war.Market risk (Item 7A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Russia sanctions
subject tonamed as a riskThe principal raw materials that we use are commodities that experience price volatility caused by external conditions such as weather, climate change, product scarcity, limited sources of supply, commodity market fluctuations, currency fluctuations, trade tariffs (including recent tariffs imposed or threatened to be imposed by the United States on other countries and any retaliatory actions taken by such countries), pandemics, war (including sanctions imposed on Russia for its invasion of Ukraine), and changes in governmental agricultural and energy policies and regulations.Risk factors (Item 1A)
Also named by ACN, AIR, BAM, BF/B, CW, DASH, DIS, KLAC and 5 more
Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)
subject toOur operations are subject to the Clean Air Act, Clean Water Act, Resource Conservation and Recovery Act, Comprehensive Environmental Response, Compensation, and Liability Act, and the Federal Insecticide, Fungicide, and Rodenticide Act, and all similar state, local, and foreign environmental laws and regulations applicable to the jurisdictions in which we operate.Business (Item 1)
Also named by ALSN, AME, BRK/B, BWA, CLH, CMI, DD, GVA and 10 more
Technology
Weight loss drugs
named as a riskOur success depends in part on our ability to anticipate the tastes, eating habits (including the impact of weight loss drugs), and purchasing behaviors of consumers and to offer products that appeal to their preferences in channels where they shop.Risk factors (Item 1A)
Also named by KHC