Stockholders' Equity

3 Months Ended

Aug. 25, 2024

Stockholders' Equity [Abstract]

Stockholders' Equity

Quarter Ended

Quarter Ended

Aug. 25, 2024

Aug. 27, 2023

General Mills

Noncontrolling

Interests 

General Mills

Noncontrolling

Interests

In Millions

Pretax

Tax

Net

Net

Pretax

Tax

Net

Net

Net earnings, including earnings 

 attributable to noncontrolling interests 

$

579.9

$

3.7

$

673.5

$

6.8

Other comprehensive (loss) income:

Foreign currency translation

$

(93.9)

$

31.5

(62.4)

0.5

$

(22.0)

$

3.8

(18.2)

0.1

Other fair value changes:

Hedge derivatives

(7.5)

1.5

(6.0)

-

(2.7)

0.4

(2.3)

-

Reclassification to earnings:

Hedge derivatives (a)

(0.4)

0.4

-

-

(1.3)

1.5

0.2

-

Amortization of losses and

 prior service costs (b)

14.5

(2.9)

11.6

-

11.5

(2.4)

9.1

-

Other comprehensive (loss) income

$

(87.3)

$

30.5

(56.8)

0.5

$

(14.5)

$

3.3

(11.2)

0.1

Total comprehensive income

$

523.1

$

4.2

$

662.3

$

6.9

In Millions

Aug. 25, 2024

May 26, 2024

Foreign currency translation adjustments

$

(857.7)

$

(795.3)

Unrealized (loss) gain from hedge derivatives

(5.8)

0.2

Pension, other postretirement, and postemployment benefits:

Net actuarial loss

(1,790.8)

(1,806.3)

Prior service credits

77.8

81.7

Accumulated other comprehensive loss

$

(2,576.5)

$

(2,519.7)

(9) Stockholders’ Equity 

The following tables provide details of total comprehensive income:

(a) 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.

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