Operating
Pension Expense
General Mills Pension Expense increased by 4.3% to -$6.7M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 97.1%, from -$3.4M to -$6.7M. Over 3 years (FY 2021 to FY 2025), Pension Expense shows an upward trend with a -27.7% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryProfitability
SignalContext dependent
VolatilityStable
First reportedQ1 2014
Last reportedQ3 2026Mar 18, 2026
How to read this metric
Changes reflect adjustments in actuarial assumptions or plan amendments rather than immediate cash outflows.
Detailed definition
The non-cash accounting expense recognized in the income statement related to defined benefit pension and other postreti...
Peer comparison
Common in mature industrial and consumer goods firms with long-standing employee benefit programs.
Metric ID:
pension_and_postretirement_expenseHistorical Data
19 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$8.1M | -$7.2M | -$7.2M | -$19.5M | -$6.7M | -$6.8M | -$6.7M | -$7.4M | -$5.3M | -$8.2M | -$6.7M | -$6.8M | -$3.2M | -$3.3M | -$3.4M | -$2.8M | -$6.7M | -$7M | -$6.7M |
| QoQ Change | — | +11.1% | +0.0% | -170.8% | +65.6% | -1.5% | +1.5% | -10.4% | +28.4% | -54.7% | +18.3% | -1.5% | +52.9% | -3.1% | -3.0% | +17.6% | -139.3% | -4.5% | +4.3% |
| YoY Change | — | — | — | -140.7% | +6.9% | +5.6% | — | +62.1% | +20.9% | -20.6% | +0.0% | +8.1% | +39.6% | +59.8% | +49.3% | +58.8% | -109.4% | -112.1% | -97.1% |
Range-$19.5M – -$2.8M
CAGR-4.1%
Avg YoY Growth-11.3%
Median YoY Growth+6.9%
Pension Expense at Other Companies
Frequently Asked Questions
- What is General Mills's pension expense?
- General Mills (GIS) reported pension expense of -$6.7M in Q4 2025.
- How has General Mills's pension expense changed year-over-year?
- General Mills's pension expense decreased by 97.1% year-over-year, from -$3.4M to -$6.7M.
- What is the long-term trend for General Mills's pension expense?
- Over 3 years (2021 to 2025), General Mills's pension expense has grown at a -27.7% compound annual growth rate (CAGR), from -$33.6M to -$12.7M.
- What does pension expense mean?
- The non-cash accounting cost of employee pension and postretirement benefits.