Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
General Mills Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate remained flat by 0.0% to 50850.0% in Q1 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.0%, from 50825.0% to 50850.0%. Over 3 years (FY 2022 to FY 2025), Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate shows relatively stable performance with a 0.0% CAGR.
Analysis
How to read this metric
A delay in reaching the ultimate rate suggests higher long-term cost pressure, while an earlier date suggests improved cost containment expectations.
Detailed definition
This metric represents the projected fiscal year in which the assumed annual growth rate of per-capita health care costs...
Peer comparison
Standard actuarial disclosure across large-cap companies with legacy pension or postretirement health obligations.
other_defined_benefit_plan_year_health_care_cost_trend_r_594ea1Historical Data
| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | 203,100% | 203,200% | 203,300% | 203,400% |
| YoY Change | — | +0.0% | +0.0% | +0.0% |
Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate at Other Companies
Frequently Asked Questions
- What is General Mills's defined benefit plan year health care cost trend rate reaches ultimate trend rate?
- General Mills (GIS) reported defined benefit plan year health care cost trend rate reaches ultimate trend rate of 50850.0% in Q1 2025.
- How has General Mills's defined benefit plan year health care cost trend rate reaches ultimate trend rate changed year-over-year?
- General Mills's defined benefit plan year health care cost trend rate reaches ultimate trend rate increased by 0.0% year-over-year, from 50825.0% to 50850.0%.
- What is the long-term trend for General Mills's defined benefit plan year health care cost trend rate reaches ultimate trend rate?
- Over 3 years (2022 to 2025), General Mills's defined benefit plan year health care cost trend rate reaches ultimate trend rate has grown at a 0.0% compound annual growth rate (CAGR), from 203100.0% to 203400.0%.
- What does defined benefit plan year health care cost trend rate reaches ultimate trend rate mean?
- The year when health care cost inflation for company retirement plans is expected to level off.