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GENERAL MILLS INC. Consolidated Balance Sheet $ millions, except par value May 29, 2016 Total current assets. . . . 3,937.2 Land, buildings, and equipment. . . . 3,743.6 Goodwill . . . . . . 8,741.2 Other intangible assets. 4,538.6 Other assets. . . . . 751.7 Total assets. . . $21,712.3 $ millions, except par value May 29, 2016 Current liabilities Accounts payable. . . . . . . . . . . . . . . . .. . $ 2,046.5 Current portion of long-term debt 1,103.4 Notes payable. . . . . . . . . 269.8 Other current liabilities . . . 1,595.0 Total current liabilities . . 5,014.7 Long-term debt 7,057.7 Deferred income taxes . 1,399.6 Other liabilities . . . . 2,087.6 Total liabilities . . . . 15,559.6 Redeemable interest value. 845.6 Stockholders' equity Common stock, 754.6 shares issued, $0.10 par value . 75.5 Additional paid-in capital . . . . . . 1,177.0 Retained earnings . . . 12,616.5 Common stock in treasury, at cost (6,326.6) Accumulated other comprehensive loss (2,612.2) Total stockholders' equity . 4,930.2 Noncontrolling interests . . 376.9 Total equity . . . . 5,307.1 Total liabilities and equity . $21,712.3 Analytical Foundation of Business Financial Accounting Exercise 8: Forecasting the Balance Sheet GENERAL MILLS INC. Consolidated Statements of Earnings 12 Months Ended $ millions May 29, 2016 Net sales. . . . . . . $16,563.1 Cost of sales. . . . . . 10,733.6 Selling, general, and administrative expenses . . 3,118.9 Divestitures (gain) . . . . . . (148.2) Restructuring, impairment, and other exit costs . . . 151.4 Operating profit . .. 2,707.4 Interest, net . . 303.8 Earnings before income taxes and after-tax earnings from joint ventures. . . 2,403.6 Income taxes 755.2 After-tax earnings from joint ventures . . . 88.4 Net earnings, including earnings attributable to redeemable and noncontrolling interests . 1,736.8 Net earnings attributable to redeemable and noncontrolling interests . . . .. 39.4 Net earnings attributable to General Mills . . . . $ 1,697.4