Other
Current Income Tax Expense (Benefit)
General Mills Current Income Tax Expense (Benefit) remained flat by 0.0% to $173.65M in Q1 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.0%, from $160.75M to $173.65M. Over 4 years (FY 2021 to FY 2025), Current Income Tax Expense (Benefit) shows an upward trend with a 8.0% CAGR.
Analysis
StatementCash Flow Statement
SectionOther
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2021
Last reportedQ4 2025Jun 26, 2025
How to read this metric
An increase in current tax expense relative to pre-tax income may indicate a higher effective tax rate or lower utilization of tax credits.
Detailed definition
This is the total current-period income tax expense or benefit, representing the aggregate tax liability payable to all...
Peer comparison
Standard tax disclosure for all public companies.
Metric ID:
other_current_income_tax_expense_benefitHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $510.30M | $524.10M | $634.40M | $643.00M | $694.60M |
| YoY Change | — | +2.7% | +21.0% | +1.4% | +8.0% |
Range$510.30M – $694.60M
CAGR+8.0%
Avg YoY Growth+8.3%
Median YoY Growth+5.4%
Current Streak4+ years growth
Current Income Tax Expense (Benefit) at Other Companies
Frequently Asked Questions
- What is General Mills's current income tax expense (benefit)?
- General Mills (GIS) reported current income tax expense (benefit) of $173.65M in Q1 2025.
- How has General Mills's current income tax expense (benefit) changed year-over-year?
- General Mills's current income tax expense (benefit) increased by 8.0% year-over-year, from $160.75M to $173.65M.
- What is the long-term trend for General Mills's current income tax expense (benefit)?
- Over 4 years (2021 to 2025), General Mills's current income tax expense (benefit) has grown at a 8.0% compound annual growth rate (CAGR), from $510.30M to $694.60M.
- What does current income tax expense (benefit) mean?
- The total income tax expense for the current year, excluding deferred tax adjustments.