Stockholders' Equity

9 Months Ended

Feb. 23, 2025

Stockholders' Equity [Abstract]

Stockholders' Equity

Quarter Ended

Quarter Ended

Feb. 23, 2025

Feb. 25, 2024

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 

$

625.6

$

5.4

$

670.1

$

6.2

Other comprehensive income (loss):

Foreign currency translation

$

2.5

$

3.7

6.2

-

$

10.7

$

(8.1)

2.6

(0.2)

Other fair value changes:

Hedge derivatives

2.3

(1.2)

1.1

-

(8.8)

1.9

(6.9)

-

Reclassification to earnings:

Foreign currency translation (a)

33.9

-

33.9

-

-

-

-

-

Hedge derivatives (b)

(3.7)

0.7

(3.0)

-

(0.3)

0.2

(0.1)

-

Amortization of losses and

 prior service costs (c)

14.1

(2.9)

11.2

-

11.5

(2.4)

9.1

-

Other comprehensive income (loss)

$

49.1

$

0.3

49.4

-

$

13.1

$

(8.4)

4.7

(0.2)

Total comprehensive income

$

675.0

$

5.4

$

674.8

$

6.0

Nine-Month Period Ended

Nine-Month Period Ended

Feb. 23, 2025

Feb. 25, 2024

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 

$

2,001.2

$

15.7

$

1,939.1

$

19.8

Other comprehensive income (loss):

Foreign currency translation

$

9.5

$

(35.6)

(26.1)

(0.8)

$

(43.7)

$

5.5

(38.2)

0.2

Other fair value changes:

Hedge derivatives

6.6

(2.3)

4.3

-

(9.0)

1.7

(7.3)

-

Reclassification to earnings:

Foreign currency translation (a)

33.9

-

33.9

-

-

-

-

-

Hedge derivatives (b)

(2.9)

1.6

(1.3)

-

(5.0)

2.7

(2.3)

-

Amortization of losses and

 prior service costs (c)

43.2

(8.7)

34.5

-

34.5

(7.1)

27.4

-

Other comprehensive income (loss)

$

90.3

$

(45.0)

45.3

(0.8)

$

(23.2)

$

2.8

(20.4)

0.2

Total comprehensive income

$

2,046.5

$

14.9

$

1,918.7

$

20.0

In Millions

Feb. 23, 2025

May 26, 2024

Foreign currency translation adjustments

$

(787.5)

$

(795.3)

Unrealized gain from hedge derivatives

3.2

0.2

Pension, other postretirement, and postemployment benefits:

Net actuarial loss

(1,760.0)

(1,806.3)

Prior service credits

69.9

81.7

Accumulated other comprehensive loss

$

(2,474.4)

$

(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 divestiture gain.

(b) 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.

(a) Loss reclassified from AOCI into earnings is reported in divestiture gain.

(b) 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.

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