Consolidated Statements of Earnings GENERAL MILLS, INC. AND SUBSIDIARIES (In Millions, Except per Share Data) Fiscal Year 2020 2019 2018 Net sales $ 17,626.6 $ 16,865.2 $ 15,740.4 Cost of sales 11,496.7 11,108.4 10,304.8 Selling, general, and administrative expenses 3,151.6 2,935.8 2,850.1 Divestitures loss 30.0 Restructuring, impairment, and other exit costs 24.4 275.1 165.6 Operating profit 2,953.9 2,515.9 2,419.9 Benefit plan non-service income (112.8) (87.9) (89.4) Interest, net 466.5 521.8 373.7 Earnings before income taxes and after-tax earnings from joint ventures 2,600.2 2,082.0 2,135.6 Income taxes 480.5 367.8 57.3 After-tax earnings from joint ventures 91.1 72.0 84.7 Net earnings, including earnings attributable to redeemable and noncontrolling interests 2,210.8 1,786.2 2,163.0 Net earnings attributable to redeemable and noncontrolling interests 29.6 33.5 32.0 Net earnings attributable to General Mills S 2.181.2 $ 1,752.7 $ 2,131.0 Earnings per share - basic S 3.59 $ 2.92 3.69 Earnings per share - diluted 3.56 S 2.90 3.64 Dividends per share 1.96 1.96 1.96NOTE 18. SUPPLEMENTAL INFORMATION The components of certain Consolidated Balance Sheet accounts are as follows: May 31, May 26. In Millions 2020 2019 Receivables: Customers $1.648.3 $1.708.5 Less allowance for doubtful (33.2) (28.8) accounts Total $1.615.1 $1.679.7 May 31, May 26, 2020 2019 In Millions Inventories: Finished goods $1,142.6 $1.245.9 Raw material -fullals and packaging 392.2 434.9 Grain 93.6 92.0 Excess of FIFO over LIFO costa) (202.1) (213.5) Total $1,426.3 $1,559.3 (a) Inventories of $892.6 million as of May 31, 2020, and $974.8 million as of May 26, 2019, were valued at LIFO. The difference between replacement cost and the stated LIFO inventory value is not materially different from the reserve for the LIFO valuation method