General Mills (GIS) Non-Current Deferred Tax Liability (2009 - 2026)
General Mills (GIS) posted Non-Current Deferred Tax Liability of $2.6 billion for Q2 2026, up 23.21% sequentially from $2.1 billion in Q1 2026, and down 7.4% YoY from $2.8 billion in Q2 2025.
General Mills (GIS) Non-Current Deferred Tax Liability (2009 - 2026) Analysis & Trends
General Mills has reported Non-Current Deferred Tax Liability for 18 years, with the latest figure at $2.6 billion in Q2 2026.
- Quarterly Non-Current Deferred Tax Liability fell 7.4% year-over-year to $2.6 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $2.6 billion (down 7.4% YoY) and the FY2026 annual result came in at $2.6 billion, down 7.4% from the prior year.
- Non-Current Deferred Tax Liability grew to $2.6 billion in Q2 2026 per GIS's latest filing, from $2.1 billion in the prior quarter.
- Over five years, Non-Current Deferred Tax Liability peaked at $2.8 billion in Q2 2025 and troughed at $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.
- The sharpest annual moves came in 2023 and 2024: Non-Current Deferred Tax Liability fell 19.33% in 2023, then advanced 24.65% in 2024.
- Over 5 years, Non-Current Deferred Tax Liability stood at $2.2 billion in 2022, then slipped by 7.33% to $2.0 billion in 2023, then rose by 10.18% to $2.2 billion in 2024, then decreased by 6.61% to $2.1 billion in 2025, then advanced by 25.83% to $2.6 billion in 2026.
- According to Business Quant data, Non-Current Deferred Tax Liability over the past three periods registered $2.6 billion, $2.1 billion, and $2.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Kraft Heinz | 30.37 Bn | 27.69 Bn | 2.03 Bn |
| 2 | General Mills | 21.49 Bn | 21.03 Bn | 1.60 Bn |
| 3 | Mccormick | 14.93 Bn | 14.60 Bn | 778.20 Mn |
| 4 | Jbs | 14.80 Bn | 11.34 Bn | 4.91 Bn |
| 5 | J M Smucker | 13.21 Bn | 13.15 Bn | 862.10 Mn |
| 6 | Hormel Foods | 13.14 Bn | 12.28 Bn | 518.51 Mn |
| 7 | Magnum Ice Cream | 12.22 Bn | 11.50 Bn | - |
| 8 | Darling Ingredients | 10.40 Bn | 10.24 Bn | 503.37 Mn |
| 9 | Smithfield Foods | 8.75 Bn | 7.40 Bn | 478.00 Mn |
| 10 | Conagra Brands | 7.86 Bn | 7.64 Bn | 704.10 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 |