What is General Mills's tax credit carryforward valuation allowance?

General Mills (GIS) reported tax credit carryforward valuation allowance of $253.70M in Q1 2025.

What is the long-term trend for General Mills's tax credit carryforward valuation allowance?

Over 3 years (2022 to 2025), General Mills's tax credit carryforward valuation allowance has grown at a 11.1% compound annual growth rate (CAGR), from $185.10M to $253.70M.

What does tax credit carryforward valuation allowance mean?

A reserve account reducing the value of tax credits that the company may not be able to use.

Non-Current Assets

Tax Credit Carryforward Valuation Allowance

General Mills Tax Credit Carryforward Valuation Allowance decreased by 0.7% to $253.70M in Q1 2025 compared to the prior quarter. Over 3 years (FY 2022 to FY 2025), Tax Credit Carryforward Valuation Allowance shows an upward trend with a 11.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ4 2022

Last reportedQ4 2025Jun 26, 2025

How to read this metric

An increase signals management's reduced confidence in utilizing tax credits, while a decrease suggests improved prospects for tax savings.

Detailed definition

This is a contra-asset account established against deferred tax assets related to tax credit carryforwards when it is mo...

Peer comparison

Varies significantly based on profitability and tax jurisdiction; peers with stable earnings typically maintain lower valuation allowances.

Metric ID: tax_credit_carryforward_valuation_allowance

Historical Data

4 periods

	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$185.10M	$259.20M	$255.50M	$253.70M
QoQ Change	—	+40.0%	-1.4%	-0.7%
YoY Change	—	+40.0%	-1.4%	-0.7%

Range$185.10M – $259.20M

Avg YoY Growth+12.6%

Median YoY Growth-0.7%

Current Streak2 quarters decline

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Frequently Asked Questions

What is General Mills's tax credit carryforward valuation allowance?: General Mills (GIS) reported tax credit carryforward valuation allowance of $253.70M in Q1 2025.
What is the long-term trend for General Mills's tax credit carryforward valuation allowance?: Over 3 years (2022 to 2025), General Mills's tax credit carryforward valuation allowance has grown at a 11.1% compound annual growth rate (CAGR), from $185.10M to $253.70M.
What does tax credit carryforward valuation allowance mean?: A reserve account reducing the value of tax credits that the company may not be able to use.