Stockholders' Equity

9 Months Ended

Feb. 28, 2021

Stockholders' Equity [Abstract]

Stockholders' Equity

(8) Stockholders’ Equity

The following tables provide details of total comprehensive income:

		Quarter Ended										Quarter Ended
		Feb. 28, 2021										Feb. 23, 2020
		General Mills						Noncontrolling Interests		Redeemable Interest		General Mills						Noncontrolling Interests		Redeemable Interest
In Millions		Pretax		Tax		Net		Net		Net		Pretax		Tax		Net		Net		Net
Net earnings, including earnings attributable to redeemable and noncontrolling interests					$	595.7	$	1.1	$	7.0					$	454.1	$	3.2	$	6.6
Other comprehensive income (loss):
Foreign currency translation	$	(7.8)	$	6.7		(1.1)		2.6		11.0	$	(11.7)	$	-		(11.7)		(4.7)		(5.6)
Other fair value changes:
Hedge derivatives		2.5		(1.5)		1.0		-		(0.9)		(7.7)		1.1		(6.6)		-		0.2
Reclassification to earnings:
Hedge derivatives (a)		6.8		(1.6)		5.2		-		0.2		4.7		(0.7)		4.0		-		-
Amortization of losses and prior service costs (b)		25.6		(5.8)		19.8		-		-		25.4		(5.8)		19.6		-		-
Other comprehensive income (loss)	$	27.1	$	(2.2)		24.9		2.6		10.3	$	10.7	$	(5.4)		5.3		(4.7)		(5.4)
Total comprehensive income (loss)					$	620.6	$	3.7	$	17.3					$	459.4	$	(1.5)	$	1.2

(a)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.

		Nine-Month Period Ended										Nine-Month Period Ended
		Feb. 28, 2021										Feb. 23, 2020
		General Mills						Noncontrolling Interests		Redeemable Interest		General Mills						Noncontrolling Interests		Redeemable Interest
In Millions		Pretax		Tax		Net		Net		Net		Pretax		Tax		Net		Net		Net
Net earnings, including earnings attributable to redeemable and noncontrolling interests					$	1,923.0	$	3.9	$	19.2					$	1,555.5	$	11.7	$	16.6
Other comprehensive income (loss):
Foreign currency translation	$	(41.4)	$	58.3		16.9		27.9		57.6	$	(7.3)	$	-		(7.3)		(9.5)		(11.7)
Other fair value changes:
Hedge derivatives		(11.1)		2.0		(9.1)		-		(1.0)		(16.9)		2.7		(14.2)		-		(1.2)
Reclassification to earnings:
Hedge derivatives (a)		6.7		(1.9)		4.8		-		(0.1)		4.5		(0.9)		3.6		-		-
Amortization of losses and prior service costs (b)		76.7		(17.6)		59.1		-		-		76.4		(17.6)		58.8		-		-
Other comprehensive income (loss)	$	30.9	$	40.8		71.7		27.9		56.5	$	56.7	$	(15.8)		40.9		(9.5)		(12.9)
Total comprehensive income					$	1,994.7	$	31.8	$	75.7					$	1,596.4	$	2.2	$	3.7

(a)Loss (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.

Accumulated other comprehensive loss balances, net of tax effects, were as follows:

In Millions	Feb. 28, 2021		May 31, 2020
Foreign currency translation adjustments	$	(872.1)	$	(889.0)
Unrealized loss from:
Hedge derivatives		(16.9)		(12.6)
Pension, other postretirement, and postemployment benefits:
Net actuarial loss		(1,961.6)		(2,022.5)
Prior service credits		7.9		9.7
Accumulated other comprehensive loss	$	(2,842.7)	$	(2,914.4)