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Stockholders' Equity (Tables)
3 Months Ended
Aug. 25, 2019
Stockholders' Equity [Abstract]  
Schedule of total comprehensive income [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

Quarter Ended

 

 

Aug. 25, 2019

 

 

Aug. 26, 2018

 

 

 

 

 

 

 

 

Noncontrolling

 

Redeemable

 

 

 

 

 

 

 

 

Noncontrolling

 

Redeemable

 

 

General Mills

 

Interests

 

Interest

 

 

General Mills

 

Interests

 

Interest

In Millions

 

Pretax

 

Tax

 

Net

 

Net

 

Net

 

 

Pretax

 

Tax

 

Net

 

Net

 

Net

Net earnings, including earnings attributable to redeemable and noncontrolling interests

 

 

 

 

$

520.6

$

3.6

$

4.3

 

 

 

 

 

$

392.3

$

3.1

$

0.5

Other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation

$

2.7

$

-

 

2.7

 

(1.5)

 

(4.9)

 

$

(96.8)

$

-

 

(96.8)

 

(1.3)

 

(8.1)

Other fair value changes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hedge derivatives

 

2.4

 

0.7

 

3.1

 

-

 

0.7

 

 

7.2

 

(1.0)

 

6.2

 

-

 

0.9

Reclassification to earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities (a)

 

-

 

-

 

-

 

-

 

-

 

 

(2.6)

 

0.6

 

(2.0)

 

-

 

-

Hedge derivatives (b)

 

(0.6)

 

-

 

(0.6)

 

-

 

-

 

 

0.5

 

-

 

0.5

 

-

 

0.1

Amortization of losses and prior service costs ( c)

 

25.5

 

(5.9)

 

19.6

 

-

 

-

 

 

26.9

 

(5.0)

 

21.9

 

-

 

-

Other comprehensive income (loss)

$

30.0

$

(5.2)

 

24.8

 

(1.5)

 

(4.2)

 

$

(64.8)

$

(5.4)

 

(70.2)

 

(1.3)

 

(7.1)

Total comprehensive income (loss)

 

 

 

 

$

545.4

$

2.1

$

0.1

 

 

 

 

 

$

322.1

$

1.8

$

(6.6)

(a)Gain reclassified from AOCI into earnings is reported in interest, net for securities.(b)Loss (gain) reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and SG&A expenses for foreign exchange contracts.(c)Loss reclassified from AOCI into earnings is reported in benefit plan non-service income.
Schedule of accumulated other comprehensive income, net of tax effects [Table Text Block]

In Millions

 

 

Aug. 25, 2019

 

 

May 26, 2019

Foreign currency translation adjustments

 

$

(737.2)

 

$

(739.9)

Unrealized gain (loss) from:

 

 

 

 

 

 

Hedge derivatives

 

 

(16.9)

 

 

(19.4)

Pension, other postretirement, and postemployment benefits:

 

 

 

 

 

 

Net actuarial loss

 

 

(1,860.4)

 

 

(1,880.5)

Prior service credits

 

 

13.9

 

 

14.4

Accumulated other comprehensive loss

 

$

(2,600.6)

 

$

(2,625.4)