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QUARTERLY DATA (UNAUDITED)
12 Months Ended
May 26, 2019
QUARTERLY DATA (UNAUDITED) [Abstract]  
QUARTERLY DATA (UNAUDITED)

NOTE 18. QUARTERLY DATA (UNAUDITED)

Summarized quarterly data for fiscal 2019 and fiscal 2018 follows:

In Millions, Except Per Share AmountsFirst QuarterSecond QuarterThird QuarterFourth Quarter
Fiscal YearFiscal YearFiscal YearFiscal Year
20192018201920182019201820192018
Net sales$4,094.0$3,769.2$4,411.2$4,198.7$4,198.3$3,882.3$4,161.7$3,890.2
Gross margin1,342.81,313.31,509.71,446.21,443.01,256.51,461.31,419.6
Net earnings attributable to General Mills392.3404.7343.4430.5446.8941.4570.2354.4
EPS:
Basic$0.66$0.70$0.57$0.75$0.74$1.64$0.95$0.60
Diluted$0.65$0.69$0.57$0.74$0.74$1.62$0.94$0.59

During the fourth quarter of fiscal 2019, we sold our yogurt business in China and simultaneously entered into a new Yoplait license agreement with the purchaser for their use of the Yoplait brand. We recorded a gain of $5.4 million. In the fourth quarter of fiscal 2019, we recorded restructuring and impairment charges of $7.4 million. Please see Note 4 for more information. We recorded $4.3 million of integration costs related to the acquisition of Blue Buffalo and $9.8 million of gains related to an investment valuation adjustment in the fourth quarter of fiscal 2019. We also recorded a tax benefit of $72.9 million in the fourth quarter of fiscal 2019. Please see Note 14 for more information.

We recorded brand intangible asset impairment charges of $96.9 million in the fourth quarter of fiscal 2018. Please see Note 6 for more information. We also recorded $64.5 million of transaction and integration costs related to the acquisition of Blue Buffalo in the fourth quarter of fiscal 2018.