v3.25.2
Stockholders' Equity
 12 Months Ended
May 25, 2025
Stockholders' Equity [Abstract]  
Stockholders' Equity
NOTE 11. STOCKHOLDERS’
 
EQUITY
Cumulative preference stock of
5.0
 
million shares, without par value, is authorized but unissued.
On June 27, 2022, our Board of Directors authorized the
 
repurchase of up to
100
 
million shares of our common stock. Purchases under
the authorization
 
can be
 
made in
 
the open
 
market or
 
in privately
 
negotiated
 
transactions, including
 
the use
 
of call
 
options and
 
other
derivative
 
instruments,
 
Rule
 
10b5-1
 
trading
 
plans,
 
and
 
accelerated
 
repurchase
 
programs.
 
The
 
authorization
 
has
 
no
 
specified
termination date.
Share repurchases were as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year
In Millions
2025
2024
2023
Shares of common stock
18.7
29.2
18.0
Aggregate purchase price
$
1,213.5
$
2,021.2
$
1,403.6
The following tables provide details of total comprehensive income:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2025
General Mills
Noncontrolling
Interests
In Millions
Pretax
Tax
Net
Net
Net earnings, including earnings attributable to
 
noncontrolling interests
$
2,295.2
$
23.7
Other comprehensive (loss) income:
Foreign currency translation
$
(161.9)
$
46.6
(115.3)
0.4
Net actuarial gain
21.3
(4.1)
17.2
-
Other fair value changes:
Hedge derivatives
(8.0)
0.6
(7.4)
-
Reclassification to earnings:
Foreign currency translation (a)
33.9
-
33.9
-
Hedge derivatives (b)
(2.3)
2.1
(0.2)
-
Amortization of losses and prior service costs (c)
58.1
(11.6)
46.5
-
Other comprehensive (loss) income
$
(58.9)
$
33.6
(25.3)
0.4
Total comprehensive
 
income
$
2,269.9
$
24.1
(a)
 
Loss reclassified from AOCI into earnings is reported in 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.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2024
General Mills
Noncontrolling
Interests
In Millions
Pretax
Tax
Net
Net
Net earnings, including earnings attributable to
 
noncontrolling interests
$
2,496.6
$
22.0
Other comprehensive (loss) income:
Foreign currency translation
$
(98.4)
$
11.7
(86.7)
0.1
Net actuarial loss
(239.4)
52.3
(187.1)
-
Other fair value changes:
Hedge derivatives
(4.4)
1.2
(3.2)
-
Reclassification to earnings:
Hedge derivatives (a)
(4.1)
1.6
(2.5)
-
Amortization of losses and prior service costs (b)
46.5
(9.8)
36.7
-
Other comprehensive (loss) income
$
(299.8)
$
57.0
(242.8)
0.1
Total comprehensive
 
income
$
2,253.8
$
22.1
(a)
 
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.
(b)
 
Loss reclassified from AOCI into earnings is reported in benefit plan non-service
 
income.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2023
General Mills
Noncontrolling
Interests
In Millions
Pretax
Tax
Net
Net
Net earnings, including earnings attributable to
 
noncontrolling interests
$
2,593.9
$
15.7
Other comprehensive (loss) income:
Foreign currency translation
$
(110.2)
$
(0.3)
(110.5)
(0.3)
Net actuarial loss
(295.5)
67.5
(228.0)
-
Other fair value changes:
Hedge derivatives
3.8
(2.5)
1.3
-
Reclassification to earnings:
Foreign currency translation (a)
(7.4)
-
(7.4)
-
Hedge derivatives (b)
(24.7)
6.0
(18.7)
-
Amortization of losses and prior service costs (c)
72.9
(16.0)
56.9
-
Other comprehensive loss
$
(361.1)
$
54.7
(306.4)
(0.3)
Total comprehensive
 
income
$
2,287.5
$
15.4
 
(a)
 
Gain reclassified from AOCI into earnings is reported in 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.
In
 
fiscal
 
2025,
 
2024,
 
and
 
2023,
 
except
 
for
 
certain
 
reclassifications
 
to
 
earnings,
 
changes
 
in other
 
comprehensive
 
(loss) income
 
were
primarily non-cash items.
Accumulated other comprehensive loss balances, net of tax effects,
 
were as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
May 25, 2025
May 26, 2024
Foreign currency translation adjustments
$
(876.7)
$
(795.3)
Unrealized (loss) gain
 
from hedge derivatives
(7.4)
0.2
Pension, other postretirement, and postemployment benefits:
Net actuarial loss
(1,726.8)
(1,806.3)
Prior service credits
65.9
81.7
Accumulated other comprehensive loss
$
(2,545.0)
$
(2,519.7)