Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions
General Mills Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions remained flat by 0.0% to $700.00K in Q1 2025 compared to the prior quarter. Year-over-year, this metric declined by 94.9%, from $13.80M to $700.00K. Over 3 years (FY 2022 to FY 2025), Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions shows a downward trend with a -20.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
A decrease in unrecognized benefits is generally positive as it reduces the company's contingent tax liability.
Detailed definition
Represents the reduction in unrecognized tax benefits due to the resolution or re-evaluation of tax positions taken in p...
Peer comparison
Standard tax reconciliation item; peers report this to demonstrate the resolution of historical tax uncertainties.
other_unrecognized_tax_benefits_decreases_resulting_from_21678aHistorical Data
| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | $5.50M | $900.00K | $55.20M | $2.80M |
| YoY Change | — | -83.6% | >999% | -94.9% |
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions at Other Companies
Frequently Asked Questions
- What is General Mills's unrecognized tax benefits, decrease resulting from prior period tax positions?
- General Mills (GIS) reported unrecognized tax benefits, decrease resulting from prior period tax positions of $700.00K in Q1 2025.
- How has General Mills's unrecognized tax benefits, decrease resulting from prior period tax positions changed year-over-year?
- General Mills's unrecognized tax benefits, decrease resulting from prior period tax positions decreased by 94.9% year-over-year, from $13.80M to $700.00K.
- What is the long-term trend for General Mills's unrecognized tax benefits, decrease resulting from prior period tax positions?
- Over 3 years (2022 to 2025), General Mills's unrecognized tax benefits, decrease resulting from prior period tax positions has grown at a -20.2% compound annual growth rate (CAGR), from $5.50M to $2.80M.
- What does unrecognized tax benefits, decrease resulting from prior period tax positions mean?
- The amount by which potential tax liabilities decreased because prior tax positions were resolved or re-evaluated.