Stockholders' Equity

9 Months Ended

Feb. 27, 2022

Stockholders' Equity [Abstract]

Stockholders' Equity

(9) Stockholders’ Equity

The following tables provide details of total comprehensive income:

		Quarter Ended										Quarter Ended
		Feb. 27, 2022										Feb. 28, 2021
		General Mills						Noncontrolling Interests		Redeemable Interest		General Mills						Noncontrolling Interests		Redeemable Interest
In Millions		Pretax		Tax		Net		Net		Net		Pretax		Tax		Net		Net		Net
Net earnings, including earnings attributable to redeemable and noncontrolling interests					$	660.3	$	2.3		-					$	595.7	$	1.1	$	7.0
Other comprehensive income (loss):
Foreign currency translation	$	(125.7)	$	3.2		(122.5)		-		-	$	(7.8)	$	6.7		(1.1)		2.6		11.0
Other fair value changes:
Hedge derivatives		(23.9)		(6.9)		(30.8)		-		-		2.5		(1.5)		1.0		-		(0.9)
Reclassification to earnings:
Foreign currency translation (a)		342.2		-		342.2		-		-		-		-		-		-		-
Amortization of losses and prior service costs (b)		28.8		(6.5)		22.3		-		-		25.6		(5.8)		19.8		-		-
Hedge derivatives (c)		23.1		7.1		30.2		-		-		6.8		(1.6)		5.2		-		0.2
Other comprehensive income (loss)	$	244.5	$	(3.1)		241.4		-		-	$	27.1	$	(2.2)		24.9		2.6		10.3
Total comprehensive income					$	901.7	$	2.3	$	-					$	620.6	$	3.7	$	17.3

(a)Loss reclassified from AOCI into earnings is reported in divestitures gain related to the divestiture of our interests in Yoplait SAS, Yoplait Marques SNC and Liberte Marques Sarl to Sodiaal in the third quarter of fiscal 2022.

(b)Loss reclassified from AOCI into earnings is reported in benefit plan non-service income.

(c)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.

		Nine-Month Period Ended										Nine-Month Period Ended
		Feb. 27, 2022										Feb. 28, 2021
		General Mills						Noncontrolling Interests		Redeemable Interest		General Mills						Noncontrolling Interests		Redeemable Interest
In Millions		Pretax		Tax		Net		Net		Net		Pretax		Tax		Net		Net		Net
Net earnings, including earnings attributable to redeemable and noncontrolling interests					$	1,884.5	$	7.2	$	17.5					$	1,923.0	$	3.9	$	19.2
Other comprehensive income (loss):
Foreign currency translation	$	(166.6)	$	53.7		(112.9)		(25.0)		(47.0)	$	(41.4)	$	58.3		16.9		27.9		57.6
Other fair value changes:
Hedge derivatives		8.0		(18.9)		(10.9)		-		0.5		(11.1)		2.0		(9.1)		-		(1.0)
Reclassification to earnings:
Foreign currency translation (a)		342.2		-		342.2
Amortization of losses and prior service costs (b)		68.8		(15.3)		53.5		-		-		76.7		(17.6)		59.1		-		-
Hedge derivatives (c)		23.0		11.6		34.6		-		(0.2)		6.7		(1.9)		4.8		-		(0.1)
Other comprehensive income (loss)	$	275.4	$	31.1		306.5		(25.0)		(46.7)	$	30.9	$	40.8		71.7		27.9		56.5
Total comprehensive income (loss)					$	2,191.0	$	(17.8)	$	(29.2)					$	1,994.7	$	31.8	$	75.7

(a)Loss reclassified from AOCI into earnings is reported in divestitures gain related to the divestiture of our interests in Yoplait SAS, Yoplait Marques SNC and Liberte Marques Sarl to Sodiaal in the third quarter of fiscal 2022.

(b)Loss reclassified from AOCI into earnings is reported in benefit plan non-service income.

(c)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.

Accumulated other comprehensive loss balances, net of tax effects, were as follows:

In Millions	Feb. 27, 2022		May 30, 2021
Foreign currency translation adjustments	$	(600.9)	$	(830.2)
Unrealized gain (loss) from:
Hedge derivatives		5.2		(18.5)
Pension, other postretirement, and postemployment benefits:
Net actuarial loss		(1,641.5)		(1,718.4)
Prior service credits		114.5		137.9
Accumulated other comprehensive loss	$	(2,122.7)	$	(2,429.2)