Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance sheet of General Mills, Inc. Income Statement, May 26, May 27, May 29, 2013 2011 Fiscal Years Ended (in millions) 2012 14,880.2 Net Sales 17,774.1 16,657.9 11,350.2 10,613.2 8,926.7 Cost of Sales Selling, general and administrative expenses 3,552.3 3,380.7 3,192.0 Divestitures (gain) (17.4) 19.8 101.6 4.4 Restructuring, impairment, and other exit costs Operating profit 2,851.8 2.562.4 2,774.5 316.9 351.9 346.3 Interest, net Earnings before income taxes and after tax earnings from joint 2,534.9 2,210.5 2.428.2 Ventures 709.6 Income taxes 741.2 721.1 98.8 88.2 96.4 After-tax earnings from joint ventures Net earnings, including earnings attributable to redeemable and 1,892.5 1.589.1 1.803.5 noncontrolling interests Net earnings attributable to redeemable and noncontrolling 37.3 21.8 5.2 interests 1,855.2 1,567.3 1,798.3 Net earnings attributable to General Mills