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General Mills Inc. (GIS)
Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
General Mills Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (filing date: 2019-06-28), 10-K (filing date: 2018-06-29), 10-K (filing date: 2017-06-29), 10-K (filing date: 2016-06-30), 10-K (filing date: 2015-07-06), 10-K (filing date: 2014-07-03).
|Balance sheet item||Description||The company|
|Current liabilities||Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.||General Mills Inc.’s current liabilities as a percentage of total liabilities and equity decreased from 2017 to 2018 and from 2018 to 2019.|
|Noncurrent liabilities||Amount of obligation due after one year or beyond the normal operating cycle, if longer.||General Mills Inc.’s noncurrent liabilities as a percentage of total liabilities and equity increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.|
|Total liabilities||Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.||General Mills Inc.’s total liabilities as a percentage of total liabilities and equity increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.|
|Stockholders’ equity||Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.||General Mills Inc.’s stockholders’ equity as a percentage of total liabilities and equity increased from 2017 to 2018 and from 2018 to 2019.|