G S ederowing the comica 2016 Form OK For 12 Months Ended in 23 ay 16 31-4ay-15 25-May-14 201411 competens income includes a loss of 510 milionated to foreign cume andation Claw this means dari boniert did the US weken or strengthen the currences of the companies foron On the US strengthened is the burdes of the companies foresta l US med viss the currencies of the companies tornsbe O o g forman is provided to determine whether the sus d erechend divi the currencies of the companies foreigns W ww. t ahi portion of the foreign curreny Lansition loss in 2010 milion 4. Come income indudes again of 16 million related to hedger derivatives. We how het? e. Provide amples of hedging transactions General Mills mighters in From the one which are examples of hedging a ctions? a. Inventory purchases . Planned pudo Foreign debt repayments d. cereale Articipated sales in foreign currencies teresi pas onore the mapper dida de recome Nilion do l low hedges Generaonis reported the Town Laternenie o compren ETV Teme s a ZUTO FOTTUR 29-May-16 31-May-15 25-May-14 (108.7) 1325.91 1957.9) 358.4) (1 206.0 For 12 Months Ended (millions) Net earnings Other comprehensive income (loss net of tax: Foreign currency translation Net actuarial income (loss) Other fair value changer: Securities Hedge derivatives Reclarification to earnings Hedge derivatives Amortization of losses and prior service costs Other comprehensive income (ots), net of tax Total comprehensive income 0.3 (4.6) 107.6 128.6 299.4) 51.437.4 11.2014) $58.0 303.0 $2,1643 a. Comprehensive income includes a loss of $108.7 million related to foreign currency translation. Explain what this loss means. b. On average, did the US weaken or strengthen vis--vis the currencies of the companies foreign subsidiaries? On average, the U.S. strengthened vis-a-vis the currencies of the companies foreign subsidiaries. On average, the U.S. weakened vis-a-vis the currencies of the companies foreign subsidiaries. Not enough information is provided to determine whether the US dollar strengthened or weakened vis-a-vis the currencies of the c. What was the cash portion of the foreign currency translation loss in 20167 million e me pareign curteney trapaloo d. Comprehensive income includes a gain of $16 million related to hedge derivatives. Is this a fair value or a cash flow hedge? e. Provide examples of hedging transactions General Mills might From the list below, which items are examp a. Inventory purchases b. Planned purchases of assets c. Foreign debt repayments d. Interest rates e. Anticipated sales in foreign currencies f. Interest payments on foreign debt. Select the most appropriate answer. a and b only Da, b, and e only a, b, c, e, and f only On average, the U.S. weakened vis-a-vis the currencies of the companies' foreign subsidiaries. Not enough information is provided to determine whether the SUS dollar strengthened or weakened vis--vis th c. What was the cash portion of the foreign currency translation loss in 201675 million d. Comprehensive income includes a gain of $16 million related to hedge derivatives. Is this a fair value or a cash fli e. Provide examples of hedging transactions General Mills might engage in From the list below, which items are examples of hedging transactions? a. Inventory purchases b. Planned purchases of assets c. Foreign debt repayments d. Interest rates e. Anticipated sales in foreign currencies f. Interest payments on foreign debt. Select the most appropriate answer n ga and b only and e only a, b, and e only Da, b, c, e, andfonly and fonly a, b, c, d, ande only a, b, c, d, and e only a, b, c, d, e and .c,die and 4 f. How did the cash flow hedges affect net income during the 2016 fiscal year? Net income by million due to cash flow hedges. General Mills reported the following statement of comprehensive income in its fiscal 2016 Form 10-K. 29-May-16 31-May-15 25-May-14 51.736.8 51.259.4 $1,861.3 (11.3) (108.7) (325.9) (957.9) (358.4) 2060 For 12 Months Ended (5 millions) Net earnings Other comprehensive income (loss), net of taxc Foreign currency translation Net actuarial income (oss) Other fair value changes: Securities Hedge derivatives Reclassification to earnings: Hedge derivatives Amortization of losses and prior service costs Other comprehensive income (loss), net of tax Total comprehensive income 0.1 16.0 19.5) 40 (4.6 128.6 (299.4) $1,437,4 105.1 (1,201.4) 558,0 302 $2,164.3 a. Comprehensive income includes a loss of $108.7 million related to foreign currency translation. Explain what this loss mean b. On average, did the SUS weaken or strengthen vis-a-vis the currencies of the companies' foreign subsidiaries? On average, the U.S. strengthened vis-a-vis the currencies of the companies' foreign subsidiaries. On average, the U.S. weakened vis-a-vis the currencies of the companies' foreign subsidiaries. Not enough information is provided to determine whether the $US dollar strengthened or weakened vis--vis the currencies c. What was the cash portion of the foreign currency translation loss in 20167$ million d. Comprehensive income includes a gain of $16 million related to hedge derivatives. Is this a fair value or a cash flow hedge? e. Provide examples of hedging transactions General Mills might engage in. From the list below, which items are examples of hedging transactions? a. Inventory purchases b. Planned purchases of assets On average, the U.S. Strengthened vis--vis the currencies of the companies' foreign subsidiaries. On average, the U.S. weakened vis-a-vis the currencies of the companies' foreign subsidiaries. Not enough information is provided to determine whether the SUS dollar strengthened or weakened vis--vis the currencies of the ce c. What was the cash portion of the foreign currency translation loss in 2016? million d. Comprehensive income includes a gain of $16 million related to hedge derivatives. Is this a fair value or a cash flow hedge? e. Provide examples of hedging transactions General Mills might engage in From the list below, which items are examples of hedging transactions? a. Inventory purchases b. Planned purchases of assets c. Foreign debt repayments d. Interest rates e. Anticipated sales in foreign currencies f. Interest payments on foreign debt. Select the most appropriate answer. Da and b only Da, b, and e only a, b, c e, and fonly a, b, c, d, and e only a, b, c, d, e andf f. How did the cash flow hedges affect net income during the 2016 fiscal year? Net Income by s million due to cash flow hedges. Check G S ederowing the comica 2016 Form OK For 12 Months Ended in 23 ay 16 31-4ay-15 25-May-14 201411 competens income includes a loss of 510 milionated to foreign cume andation Claw this means dari boniert did the US weken or strengthen the currences of the companies foron On the US strengthened is the burdes of the companies foresta l US med viss the currencies of the companies tornsbe O o g forman is provided to determine whether the sus d erechend divi the currencies of the companies foreigns W ww. t ahi portion of the foreign curreny Lansition loss in 2010 milion 4. Come income indudes again of 16 million related to hedger derivatives. We how het? e. Provide amples of hedging transactions General Mills mighters in From the one which are examples of hedging a ctions? a. Inventory purchases . Planned pudo Foreign debt repayments d. cereale Articipated sales in foreign currencies teresi pas onore the mapper dida de recome Nilion do l low hedges Generaonis reported the Town Laternenie o compren ETV Teme s a ZUTO FOTTUR 29-May-16 31-May-15 25-May-14 (108.7) 1325.91 1957.9) 358.4) (1 206.0 For 12 Months Ended (millions) Net earnings Other comprehensive income (loss net of tax: Foreign currency translation Net actuarial income (loss) Other fair value changer: Securities Hedge derivatives Reclarification to earnings Hedge derivatives Amortization of losses and prior service costs Other comprehensive income (ots), net of tax Total comprehensive income 0.3 (4.6) 107.6 128.6 299.4) 51.437.4 11.2014) $58.0 303.0 $2,1643 a. Comprehensive income includes a loss of $108.7 million related to foreign currency translation. Explain what this loss means. b. On average, did the US weaken or strengthen vis--vis the currencies of the companies foreign subsidiaries? On average, the U.S. strengthened vis-a-vis the currencies of the companies foreign subsidiaries. On average, the U.S. weakened vis-a-vis the currencies of the companies foreign subsidiaries. Not enough information is provided to determine whether the US dollar strengthened or weakened vis-a-vis the currencies of the c. What was the cash portion of the foreign currency translation loss in 20167 million e me pareign curteney trapaloo d. Comprehensive income includes a gain of $16 million related to hedge derivatives. Is this a fair value or a cash flow hedge? e. Provide examples of hedging transactions General Mills might From the list below, which items are examp a. Inventory purchases b. Planned purchases of assets c. Foreign debt repayments d. Interest rates e. Anticipated sales in foreign currencies f. Interest payments on foreign debt. Select the most appropriate answer. a and b only Da, b, and e only a, b, c, e, and f only On average, the U.S. weakened vis-a-vis the currencies of the companies' foreign subsidiaries. Not enough information is provided to determine whether the SUS dollar strengthened or weakened vis--vis th c. What was the cash portion of the foreign currency translation loss in 201675 million d. Comprehensive income includes a gain of $16 million related to hedge derivatives. Is this a fair value or a cash fli e. Provide examples of hedging transactions General Mills might engage in From the list below, which items are examples of hedging transactions? a. Inventory purchases b. Planned purchases of assets c. Foreign debt repayments d. Interest rates e. Anticipated sales in foreign currencies f. Interest payments on foreign debt. Select the most appropriate answer n ga and b only and e only a, b, and e only Da, b, c, e, andfonly and fonly a, b, c, d, ande only a, b, c, d, and e only a, b, c, d, e and .c,die and 4 f. How did the cash flow hedges affect net income during the 2016 fiscal year? Net income by million due to cash flow hedges. General Mills reported the following statement of comprehensive income in its fiscal 2016 Form 10-K. 29-May-16 31-May-15 25-May-14 51.736.8 51.259.4 $1,861.3 (11.3) (108.7) (325.9) (957.9) (358.4) 2060 For 12 Months Ended (5 millions) Net earnings Other comprehensive income (loss), net of taxc Foreign currency translation Net actuarial income (oss) Other fair value changes: Securities Hedge derivatives Reclassification to earnings: Hedge derivatives Amortization of losses and prior service costs Other comprehensive income (loss), net of tax Total comprehensive income 0.1 16.0 19.5) 40 (4.6 128.6 (299.4) $1,437,4 105.1 (1,201.4) 558,0 302 $2,164.3 a. Comprehensive income includes a loss of $108.7 million related to foreign currency translation. Explain what this loss mean b. On average, did the SUS weaken or strengthen vis-a-vis the currencies of the companies' foreign subsidiaries? On average, the U.S. strengthened vis-a-vis the currencies of the companies' foreign subsidiaries. On average, the U.S. weakened vis-a-vis the currencies of the companies' foreign subsidiaries. Not enough information is provided to determine whether the $US dollar strengthened or weakened vis--vis the currencies c. What was the cash portion of the foreign currency translation loss in 20167$ million d. Comprehensive income includes a gain of $16 million related to hedge derivatives. Is this a fair value or a cash flow hedge? e. Provide examples of hedging transactions General Mills might engage in. From the list below, which items are examples of hedging transactions? a. Inventory purchases b. Planned purchases of assets On average, the U.S. Strengthened vis--vis the currencies of the companies' foreign subsidiaries. On average, the U.S. weakened vis-a-vis the currencies of the companies' foreign subsidiaries. Not enough information is provided to determine whether the SUS dollar strengthened or weakened vis--vis the currencies of the ce c. What was the cash portion of the foreign currency translation loss in 2016? million d. Comprehensive income includes a gain of $16 million related to hedge derivatives. Is this a fair value or a cash flow hedge? e. Provide examples of hedging transactions General Mills might engage in From the list below, which items are examples of hedging transactions? a. Inventory purchases b. Planned purchases of assets c. Foreign debt repayments d. Interest rates e. Anticipated sales in foreign currencies f. Interest payments on foreign debt. Select the most appropriate answer. Da and b only Da, b, and e only a, b, c e, and fonly a, b, c, d, and e only a, b, c, d, e andf f. How did the cash flow hedges affect net income during the 2016 fiscal year? Net Income by s million due to cash flow hedges. Check