What is General Mills's deferred taxes?

General Mills (GIS) reported deferred taxes of $63.8M in Q1 2026.

How has General Mills's deferred taxes changed year-over-year?

General Mills's deferred taxes increased by 159.4% year-over-year, from -$107.4M to $63.8M.

What is the long-term trend for General Mills's deferred taxes?

Over 2 years (2022 to 2026), General Mills's deferred taxes has grown at a 44.8% compound annual growth rate (CAGR), from $96.85M to $203.2M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

General Mills GIS Deferred Taxes

Deferred Taxes at other companies

BRI

Bridgford FoodsBRID

-$1.37M-19.3%

Campbell SoupCPB

$41M+165%

PepsiCoPEP

$494M+290%

The J.M. Smucker CompanySJM

-$91.5M-104%

John B. Sanfilippo & SonJBSS

$439K+300%

Hain Celestial GroupHAIN

-$2.66M-76.5%

Other financials

Income statement

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Revenue$4.6B+1.2%

Gross profit$1.6B+8.8%

Operating income$524.6M-41.1%

Net income-$2.0B-783%

EPS (diluted)-$3.74-806%

Balance sheet

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Cash & equivalents$453.8M+24.7%

Total debt$12.9B-15.8%

Total equity$7.4B-19.9%

Total assets$30.0B-9.2%

Cash flow

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Operating cash flow$552.0M-9.7%

CapEx$184.4M-16.3%

Free cash flow$367.6M-6.1%

Valuation

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Market cap$19.54B-27.7%

Enterprise value$31.97B-22.3%

P/S1.1×-0.3×

Profitability

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Gross margin33%-2.3pp

Operating margin4.8%-12.2pp

Net margin-0.5%-12.3pp

FCF margin5%-6.8pp

Returns & leverage

See full

Return on equity-1.1%-25.8pp

Debt / equity1.8×+0.2×

Current ratio0.7×0.0×

Where this comes from

Reported directly by General Mills in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxesAndTaxCredits.

The official record: General Mills’s 10-K, filed July 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is General Mills's deferred taxes?: General Mills (GIS) reported deferred taxes of $63.8M in Q1 2026.
How has General Mills's deferred taxes changed year-over-year?: General Mills's deferred taxes increased by 159.4% year-over-year, from -$107.4M to $63.8M.
What is the long-term trend for General Mills's deferred taxes?: Over 2 years (2022 to 2026), General Mills's deferred taxes has grown at a 44.8% compound annual growth rate (CAGR), from $96.85M to $203.2M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.