Tax
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. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ4 2025Jun 26, 2025
How to read this metric
Reflects the immediate cash impact of tax obligations on the company.
Detailed definition
The total current income tax expense or benefit for the period, representing the amount of taxes expected to be paid to...
Peer comparison
Standard component of the income tax provision.
Metric ID:
cat_current_income_tax_expenseHistorical 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 tax amount currently due to or from tax authorities.