What is General Mills's deferred tax assets - tax credit carryforwards?

General Mills (GIS) reported deferred tax assets - tax credit carryforwards of $58.10M in Q1 2025.

What is the long-term trend for General Mills's deferred tax assets - tax credit carryforwards?

Over 3 years (2022 to 2025), General Mills's deferred tax assets - tax credit carryforwards has grown at a 18.5% compound annual growth rate (CAGR), from $34.90M to $58.10M.

What does deferred tax assets - tax credit carryforwards mean?

Unused tax credits that can be applied to reduce future tax payments.

Non-Current Assets

Deferred Tax Assets - Tax Credit Carryforwards

General Mills Deferred Tax Assets - Tax Credit Carryforwards increased by 19.5% to $58.10M in Q1 2025 compared to the prior quarter. Over 3 years (FY 2022 to FY 2025), Deferred Tax Assets - Tax Credit Carryforwards shows an upward trend with a 18.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryEfficiency

SignalHigher is better

VolatilityStable

First reportedQ4 2022

Last reportedQ4 2025Jun 26, 2025

How to read this metric

Higher balances indicate significant potential for future tax relief, though they may also suggest limited current taxable income to absorb these credits.

Detailed definition

These are deferred tax assets arising from tax credits that were not utilized in the current period but can be carried f...

Peer comparison

Standard across large manufacturing firms with significant R&D or capital expenditure tax incentives.

Metric ID: dta_tax_credit_carryforwards

Historical Data

4 periods

	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$34.90M	$38.70M	$48.60M	$58.10M
QoQ Change	—	+10.9%	+25.6%	+19.5%
YoY Change	—	+10.9%	+25.6%	+19.5%

Range$34.90M – $58.10M

Avg YoY Growth+18.7%

Median YoY Growth+19.5%

Current Streak3+ quarters growth

Deferred Tax Assets - Tax Credit Carryforwards at Other Companies

Mondelez InternationalMDLZ View metric

Frequently Asked Questions

What is General Mills's deferred tax assets - tax credit carryforwards?: General Mills (GIS) reported deferred tax assets - tax credit carryforwards of $58.10M in Q1 2025.
What is the long-term trend for General Mills's deferred tax assets - tax credit carryforwards?: Over 3 years (2022 to 2025), General Mills's deferred tax assets - tax credit carryforwards has grown at a 18.5% compound annual growth rate (CAGR), from $34.90M to $58.10M.
What does deferred tax assets - tax credit carryforwards mean?: Unused tax credits that can be applied to reduce future tax payments.