General Mills (GIS) Non-Current Deferred Tax Liability (2009 - 2026)
General Mills (GIS) reported Non-Current Deferred Tax Liability of $2.6 billion for Q2 2026, down 7.4% on a YoY basis from $2.8 billion in Q2 2025, and up 23.21% sequentially from $2.1 billion in Q1 2026.
General Mills (GIS) Non-Current Deferred Tax Liability (2009 - 2026) Analysis & Trends
General Mills (GIS) has 18 years of Non-Current Deferred Tax Liability data on file, last reported at $2.6 billion in Q2 2026.
- For the quarter ending Q2 2026, Non-Current Deferred Tax Liability fell 7.4% year-over-year to $2.6 billion; the trailing twelve-month figure through May 2026 stood at $2.6 billion (down 7.4% YoY), and the FY2026 full-year result was $2.6 billion, down 7.4% from the prior year.
- Non-Current Deferred Tax Liability grew to $2.6 billion in Q2 2026, from $2.1 billion in the prior quarter.
- In the past five years, Non-Current Deferred Tax Liability ranged from a high of $2.8 billion in Q2 2025 to a low of $2.0 billion in Q1 2024.
- A 5-year average of $2.3 billion and a median of $2.2 billion in 2022 frame the typical range for Non-Current Deferred Tax Liability.
- Across the five-year window, Non-Current Deferred Tax Liability dropped 19.33% in 2023 and rose 24.65% in 2024, its largest moves.
- Tracing GIS's Non-Current Deferred Tax Liability over 5 years: stood at $2.2 billion in 2022, then fell by 7.33% to $2.0 billion in 2023, then climbed by 10.18% to $2.2 billion in 2024, then declined by 6.61% to $2.1 billion in 2025, then increased by 25.83% to $2.6 billion in 2026.
- Business Quant data shows GIS's Non-Current Deferred Tax Liability at $2.6 billion in Q2 2026, $2.1 billion in Q1 2026, and $2.1 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn |
| 10 | Pilgrims Pride | 6.64 Bn | 6.11 Bn | 345.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 2.62 Bn |
| May 31, 2026 | 2.62 Bn |
| Feb 22, 2026 | 2.13 Bn |
| Feb 22, 2026 | 2.13 Bn |
| Nov 23, 2025 | 2.09 Bn |
| Nov 23, 2025 | 2.09 Bn |
| Aug 24, 2025 | 2.06 Bn |
| Aug 24, 2025 | 2.06 Bn |
| May 25, 2025 | 2.83 Bn |
| May 25, 2025 | 2.83 Bn |
| Feb 23, 2025 | 2.26 Bn |
| Feb 23, 2025 | 2.26 Bn |
| Nov 24, 2024 | 2.23 Bn |
| Nov 24, 2024 | 2.23 Bn |
| Aug 25, 2024 | 2.20 Bn |
| Aug 25, 2024 | 2.20 Bn |
| May 26, 2024 | 2.63 Bn |
| May 26, 2024 | 2.63 Bn |
| Feb 25, 2024 | 2.02 Bn |
| Feb 25, 2024 | 2.02 Bn |