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Discontinued — last reported Q1 '26

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OCI Amortization of Prior Service Costs

General Mills OCI Amortization of Prior Service Costs decreased by 5.0% to $11.4M in Q2 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.7%, from $11.6M to $11.4M. Over 3 years (FY 2021 to FY 2025), OCI Amortization of Prior Service Costs shows a downward trend with a -16.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionOther
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2021
Last reportedQ1 2026Sep 17, 2025

How to read this metric

Higher amortization of prior service costs increases operating expenses, while amortization of credits reduces them.

Detailed definition

The amortization of prior service costs, credits, or actuarial gains and losses from accumulated other comprehensive inc...

Peer comparison

Standard for companies with legacy defined benefit plans; peers report this as part of net periodic benefit cost.

Metric ID: cvx_oci_defined_benefit_plan_amortization

Historical Data

16 periods
 Q4 '21Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$19.73M$22.3M$22.3M$14.1M$14.2M$13.9M$14.7M$9.1M$9.2M$9.1M$9.3M$11.6M$11.7M$11.2M$12M$11.4M
QoQ Change+13.1%+0.0%-36.8%+0.7%-2.1%+5.8%-38.1%+1.1%-1.1%+2.2%+24.7%+0.9%-4.3%+7.1%-5.0%
YoY Change+13.1%-37.7%-34.1%-35.5%-35.2%-34.5%-36.7%+27.5%+27.2%+23.1%+29.0%-1.7%
Range$9.1M$22.3M
CAGR-13.6%
Avg YoY Growth-8.0%
Median YoY Growth-17.9%

Frequently Asked Questions

What is General Mills's oci amortization of prior service costs?
General Mills (GIS) reported oci amortization of prior service costs of $11.4M in Q2 2025.
How has General Mills's oci amortization of prior service costs changed year-over-year?
General Mills's oci amortization of prior service costs decreased by 1.7% year-over-year, from $11.6M to $11.4M.
What is the long-term trend for General Mills's oci amortization of prior service costs?
Over 3 years (2021 to 2025), General Mills's oci amortization of prior service costs has grown at a -16.2% compound annual growth rate (CAGR), from $78.9M to $46.5M.
What does oci amortization of prior service costs mean?
The gradual recognition of pension plan cost adjustments from equity into the income statement.