Item 2.05Costs Associated with Exit or Disposal Activities.

On May 6, 2021, General Mills, Inc. filed a Form 8-K to announce restructuring actions designed to better align its organizational structure and resources with its strategic initiatives. We are filing this amended report on Form 8-K/A to update our disclosure concerning costs associated with those restructuring actions. We now expect to incur charges of approximately $160 million in fiscal 2021, primarily reflecting severance expenses. We expect these actions to be completed by the end of fiscal 2023 with a total cost of approximately $170 million to $220 million, of which approximately $130 million to $180 million will be cash.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses