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General Mills Income Statement Hints 1.5% sales grwoth 65.9% of sales 17.4% of sales 1.6% of sales Net sales Cost of sales Selling, general, and administrative expenses Divestitures (gain) Restructuring, impairment, and other exit costs Operating profit Benefit plan nonservice income Interest, net Earnings before taxes Income taxes After-tax earnings from joint ventures Net earnings, including earnings attributable to NCI Net earnings attributable to NCI Net earnings attributable to General Mills 2019 Forecast 2020 Actual Assumption Forecasted 16,865.2 1.50% 11,108.4 65.90% 2,935.8 17.40% 30.0 Assume $0 275.1 1.60% 2,515.9 (87.9) Assume $0 521.8 No change 2,082.0 367.8 17.67% (72.0) No change 1,786.20 33.5 No change 1,752.70 17.67% of earnings before taxes