General Mills (WBO:GIS) Deferred Tax : €-17 Mil (TTM As of Aug. 2024)

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What is General Mills Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

General Mills's change in deferred tax for the three months ended in Aug. 2024 was €15 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Aug. 2024 was €-17 Mil.

General Mills Deferred Tax Historical Data

The historical data trend for General Mills's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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General Mills Deferred Tax Chart

General Mills Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Deferred Tax

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-27.14

97.77

58.84

-20.42

-44.86

General Mills Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Deferred Tax	Get a 7-Day Free Trial															-13.30	-40.84	-24.84	34.23	14.69

General Mills Deferred Tax Calculation

Deferred Tax for the trailing twelve months (TTM) ended in Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-17 Mil.

General Mills Deferred Tax Related Terms

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General Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » General Mills Inc (WBO:GIS) » Definitions » Deferred Tax

Comparable Companies

Traded in Other Exchanges

GIS:USA GIS:Mexico 0R1X:UK GRM:Germany GRM:Germany GRM:Germany G1MI34:Brazil

Address

Number One General Mills Boulevard, Minneapolis, MN, USA, 55426

Website

https://www.generalmills.com

General Mills is a global packaged food company that produces snacks, cereal, convenient meals, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2024, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. Although most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.