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General Mills Tax Rate %

: 22.01% (As of Aug. 2020)
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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. General Mills's Tax Expense for the three months ended in Aug. 2020 was $171 Mil. General Mills's Pre-Tax Income for the three months ended in Aug. 2020 was $776 Mil. Therefore, General Mills's Tax Rate % for the quarter that ended in Aug. 2020 was 22.01%.


General Mills Tax Rate % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

General Mills Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Tax Rate % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.42 28.85 2.68 17.67 18.48

General Mills Quarterly Data
Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20
Tax Rate % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.71 21.54 20.69 19.05 22.01

General Mills Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

General Mills's Tax Rate % for the fiscal year that ended in May. 2020 is calculated as

Tax Rate %=Tax Expense (A: May. 2020 )/Pre-Tax Income (A: May. 2020 )
=480.5/2600.2
=18.48 %

General Mills's Tax Rate % for the quarter that ended in Aug. 2020 is calculated as

Tax Rate %=Tax Expense (Q: Aug. 2020 )/Pre-Tax Income (Q: Aug. 2020 )
=170.8/775.9
=22.01 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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