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Stockholders' Equity
 6 Months Ended
Nov. 26, 2023
Stockholders' Equity [Abstract]  
Stockholders' Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
Quarter Ended
Nov. 26, 2023
Nov. 27, 2022
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
 
$
595.5
$
6.8
$
605.9
$
2.4
Other comprehensive (loss) income:
Foreign currency translation
$
(32.4)
$
9.8
(22.6)
0.3
$
(144.7)
$
29.1
(115.6)
0.6
Other fair value changes:
Hedge derivatives
2.5
(0.6)
1.9
-
26.8
(6.0)
20.8
-
Reclassification to earnings:
Hedge derivatives (a)
(3.4)
1.0
(2.4)
-
1.8
(0.8)
1.0
-
Amortization of losses and
 
prior service costs (b)
11.5
(2.3)
9.2
-
18.3
(4.1)
14.2
-
Other comprehensive (loss) income
$
(21.8)
$
7.9
(13.9)
0.3
$
(97.8)
$
18.2
(79.6)
0.6
Total comprehensive income
$
581.6
$
7.1
$
526.3
$
3.0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six-Month Period Ended
Six-Month Period Ended
Nov. 26, 2023
Nov. 27, 2022
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
 
$
1,269.0
$
13.6
$
1,425.9
$
5.7
Other comprehensive (loss) income:
Foreign currency translation
$
(54.4)
$
13.6
(40.8)
0.4
$
(86.7)
$
(23.8)
(110.5)
(0.7)
Other fair value changes:
Hedge derivatives
(0.2)
(0.2)
(0.4)
-
(23.0)
5.5
(17.5)
-
Reclassification to earnings:
Foreign currency translation (a)
-
-
-
-
(7.4)
-
(7.4)
-
Hedge derivatives (b)
(4.7)
2.5
(2.2)
-
(0.1)
(0.3)
(0.4)
-
Amortization of losses and
 
prior service costs (c)
23.0
(4.7)
18.3
-
36.5
(8.2)
28.3
-
Other comprehensive (loss) income
$
(36.3)
$
11.2
(25.1)
0.4
$
(80.7)
$
(26.8)
(107.5)
(0.7)
Total comprehensive income
$
1,243.9
$
14.0
$
1,318.4
$
5.0
 
 
 
 
 
 
 
 
 
In Millions
Nov. 26, 2023
May 28, 2023
Foreign currency translation adjustments
$
(749.4)
$
(708.6)
Unrealized gain from hedge derivatives
3.3
5.9
Pension, other postretirement, and postemployment benefits:
Net actuarial loss
(1,642.8)
(1,670.6)
Prior service credits
86.9
96.4
Accumulated other comprehensive loss
$
(2,302.0)
$
(2,276.9)
 
(9) Stockholders’ Equity
 
The following tables provide details of total comprehensive income:
(a)
 
(Gain) 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.
(a)
 
Gain reclassified from AOCI into earnings is reported in the divestitures gain, net
 
(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: