State and Local Income Taxes, Net
General Mills State and Local Income Taxes, Net remained flat by 0.0% to 2002500000.0% in Q1 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.3%, from 1800000000.0% to 2002500000.0%. Over 4 years (FY 2021 to FY 2025), State and Local Income Taxes, Net shows an upward trend with a 14.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests higher tax burdens in the jurisdictions where the company operates, while a decrease may indicate favorable tax shifts or lower regional profitability.
Detailed definition
This metric represents the total income tax expense incurred at the state and local jurisdictional levels, adjusted for...
Peer comparison
Commonly reported by large US-based corporations as a component of the effective tax rate reconciliation.
cat_state_and_local_income_taxes_netHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | 4,750,000,000% | 6,080,000,000% | 8,220,000,000% | 7,200,000,000% | 8,010,000,000% |
| YoY Change | — | +28.0% | +35.2% | -12.4% | +11.3% |
State and Local Income Taxes, Net at Other Companies
Frequently Asked Questions
- What is General Mills's state and local income taxes, net?
- General Mills (GIS) reported state and local income taxes, net of 2002500000.0% in Q1 2025.
- How has General Mills's state and local income taxes, net changed year-over-year?
- General Mills's state and local income taxes, net increased by 11.3% year-over-year, from 1800000000.0% to 2002500000.0%.
- What is the long-term trend for General Mills's state and local income taxes, net?
- Over 4 years (2021 to 2025), General Mills's state and local income taxes, net has grown at a 14.0% compound annual growth rate (CAGR), from 4750000000.0% to 8010000000.0%.
- What does state and local income taxes, net mean?
- The net cost of state and local income taxes after accounting for federal tax benefits.