Tax
Tax Reconciliation: Research and Other Credits
General Mills Tax Reconciliation: Research and Other Credits remained flat by 0.0% to 0.4% in Q1 2025 compared to the prior quarter. Year-over-year, this metric grew by 25.0%, from 0.3% to 0.4%. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionTax
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2022
Last reportedQ4 2025Jun 26, 2025
How to read this metric
Higher values represent more effective utilization of tax credits to improve net income.
Detailed definition
The aggregate impact of research and development tax credits and other related fiscal incentives on the effective tax ra...
Peer comparison
Comparable to 'R&D Tax Credit' line items in tax footnotes of peer companies.
Metric ID:
cat_tax_reconciliation_research_creditsHistorical Data
4 years
| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | 0% | 0% | 1.2% | 1.5% |
| YoY Change | — | — | — | +25.0% |
Range0% – 1.5%
Avg YoY Growth+25.0%
Median YoY Growth+25.0%
Tax Reconciliation: Research and Other Credits at Other Companies
Frequently Asked Questions
- What is General Mills's tax reconciliation: research and other credits?
- General Mills (GIS) reported tax reconciliation: research and other credits of 0.4% in Q1 2025.
- How has General Mills's tax reconciliation: research and other credits changed year-over-year?
- General Mills's tax reconciliation: research and other credits increased by 25.0% year-over-year, from 0.3% to 0.4%.
- What does tax reconciliation: research and other credits mean?
- The total impact of R&D and innovation tax incentives on the company's tax rate.