Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations
General Mills Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations remained flat by 0.0% to $1.58M in Q1 2025 compared to the prior quarter. Year-over-year, this metric declined by 11.3%, from $1.78M to $1.58M. Over 3 years (FY 2022 to FY 2025), Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations shows a downward trend with a -9.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
A reduction due to statute expiration is a positive indicator of risk elimination for historical tax years.
Detailed definition
Represents the reduction in unrecognized tax benefits due to the expiration of the statute of limitations for specific t...
Peer comparison
Standard tax accounting practice; peers report this as a routine reduction in tax contingency reserves.
other_unrecognized_tax_benefits_reductions_resulting_fro_c44978Historical Data
| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | $8.50M | $6.90M | $7.10M | $6.30M |
| YoY Change | — | -18.8% | +2.9% | -11.3% |
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations at Other Companies
Frequently Asked Questions
- What is General Mills's unrecognized tax benefits, reduction resulting from lapse of applicable statute of limitations?
- General Mills (GIS) reported unrecognized tax benefits, reduction resulting from lapse of applicable statute of limitations of $1.58M in Q1 2025.
- How has General Mills's unrecognized tax benefits, reduction resulting from lapse of applicable statute of limitations changed year-over-year?
- General Mills's unrecognized tax benefits, reduction resulting from lapse of applicable statute of limitations decreased by 11.3% year-over-year, from $1.78M to $1.58M.
- What is the long-term trend for General Mills's unrecognized tax benefits, reduction resulting from lapse of applicable statute of limitations?
- Over 3 years (2022 to 2025), General Mills's unrecognized tax benefits, reduction resulting from lapse of applicable statute of limitations has grown at a -9.5% compound annual growth rate (CAGR), from $8.50M to $6.30M.
- What does unrecognized tax benefits, reduction resulting from lapse of applicable statute of limitations mean?
- The reduction in potential tax liabilities because the time limit for tax authorities to challenge those positions has passed.