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Stockholders' Equity (Tables)
12 Months Ended
May 31, 2020
STOCKHOLDERS' EQUITY [Abstract]  
Share Repurchases [Table Text Block]

 

 

Fiscal Year

In Millions

 

2020

 

2019

 

2018

Shares of common stock

 

0.1

 

-

 

10.9

Aggregate purchase price

 

$3.4

 

$1.1

 

$601.6

Schedule of Total Comprehensive Income (Loss) [Table Text Block]

 

Fiscal 2020

 

General Mills

 

Noncontrolling Interests

 

Redeemable Interest

In Millions

 

Pretax

 

Tax

 

Net

 

Net

 

Net

Net earnings, including earnings attributable to redeemable and noncontrolling interests

 

 

 

 

$

2,181.2

$

12.9

$

16.7

Other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

Foreign currency translation

$

(149.1)

$

-

 

(149.1)

 

(2.6)

 

(17.4)

Net actuarial loss

 

(290.2)

 

65.6

 

(224.6)

 

-

 

-

Other fair value changes:

 

 

 

 

 

 

 

 

 

 

Hedge derivatives

 

4.4

 

(1.2)

 

3.2

 

-

 

-

Reclassification to earnings:

 

 

 

 

 

 

 

 

 

 

Hedge derivatives (a)

 

4.3

 

(0.7)

 

3.6

 

-

 

0.5

Amortization of losses and prior service costs (b)

 

101.3

 

(23.4)

 

77.9

 

-

 

-

Other comprehensive loss

 

(329.3)

 

40.3

 

(289.0)

 

(2.6)

 

(16.9)

Total comprehensive income (loss)

 

 

 

 

$

1,892.2

$

10.3

$

(0.2)

Loss 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.

(b) Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. Please refer to Note 2.

 

 

Fiscal 2019

 

General Mills

 

Noncontrolling Interests

 

Redeemable Interest

In Millions

 

Pretax

 

Tax

 

Net

 

Net

 

Net

Net earnings, including earnings attributable to redeemable and noncontrolling interests

 

 

 

 

$

1,752.7

$

13.9

$

19.6

Other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

Foreign currency translation

$

(38.3)

$

-

 

(38.3)

 

(13.5)

 

(31.0)

Net actuarial loss

 

(325.6)

 

72.2

 

(253.4)

 

-

 

-

Other fair value changes:

 

 

 

 

 

 

 

 

 

 

Hedge derivatives

 

15.9

 

(3.7)

 

12.2

 

-

 

(0.1)

Reclassification to earnings:

 

 

 

 

 

 

 

 

 

 

Securities (a)

 

(2.6)

 

0.6

 

(2.0)

 

-

 

-

Hedge derivatives (b)

 

0.1

 

0.4

 

0.5

 

-

 

0.4

Amortization of losses and prior service costs (c)

 

107.5

 

(22.9)

 

84.6

 

-

 

-

Other comprehensive loss

 

(243.0)

 

46.6

 

(196.4)

 

(13.5)

 

(30.7)

Total comprehensive income (loss)

 

 

 

 

$

1,556.3

$

0.4

$

(11.1)

Gain reclassified from AOCI into earnings is reported in interest, net for securities.Loss 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. Please refer to Note 2.

 

 

Fiscal 2018

 

General Mills

 

Noncontrolling Interests

 

Redeemable Interest

In Millions

 

Pretax

 

Tax

 

Net

 

Net

 

Net

Net earnings, including earnings attributable to redeemable and noncontrolling interests

 

 

 

 

$

2,131.0

$

13.4

$

18.6

Other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

Foreign currency translation

$

(76.9)

$

-

 

(76.9)

 

13.5

 

26.4

Net actuarial income

 

185.5

 

(45.4)

 

140.1

 

-

 

-

Other fair value changes:

 

 

 

 

 

 

 

 

 

 

Securities

 

1.8

 

(0.6)

 

1.2

 

-

 

-

Hedge derivatives

 

(64.7)

 

14.2

 

(50.5)

 

-

 

(0.3)

Reclassification to earnings:

 

 

 

 

 

 

 

 

 

 

Securities (a)

 

(6.6)

 

1.5

 

(5.1)

 

-

 

-

Hedge derivatives (b)

 

24.9

 

(6.4)

 

18.5

 

-

 

(1.1)

Amortization of losses and prior service costs (c)

 

176.8

 

(59.2)

 

117.6

 

-

 

-

Other comprehensive income

 

240.8

 

(95.9)

 

144.9

 

13.5

 

25.0

Total comprehensive income

 

 

 

 

$

2,275.9

$

26.9

$

43.6

Gain reclassified from AOCI into earnings is reported in interest, net for securities.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.Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. Please refer to Note 2.
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

In Millions

 

May 31, 2020

 

 

May 26, 2019

Foreign currency translation adjustments

$

(889.0)

 

$

(739.9)

Unrealized loss from:

 

 

 

 

 

Hedge derivatives

 

(12.6)

 

 

(19.4)

Pension, other postretirement, and postemployment benefits:

 

 

 

 

 

Net actuarial loss

 

(2,022.5)

 

 

(1,880.5)

Prior service credits

 

9.7

 

 

14.4

Accumulated other comprehensive loss

$

(2,914.4)

 

$

(2,625.4)