General Mils reported the following statement of comprehersive income in its fiscal 2019 Form 10-K, For...

  

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General Mils reported the following statement of comprehersive income in its fiscal 2019 Form 10-K, For 12 Months Ended (S millions) May 26, 2019 May 27, 2018 May 28, 2017 Net earnings, including earnings attributable to redeemable and noncontrolling interests Other comprehensive incomie (loss), net of tax Foreign currency translation $1,786.2 $2,163.0 $1,701.1 (82.8) (37.0) 6.3 Net actuarial income (loss) (253,4) 140.1 197.9 Other fair value changes Securities 1.2 0.8 Hedge derivatives. Redassification to earmings: 12.1 (50.8) 53.3 Securities Hedge derivatives Amortization of losses and prior service costs Other comprehensive income loss), net of tax Total comprehensive income Comprehensiveloss) income attributable to redeemable and noncontrolling interests (2.0) 15.1) 0.9 17.4 (25.7) 84.6 117.6 122.5 (240.6) 355.1 1,545.6 2.346.4 70.5 $2.275.9 2,056.2 (10.7) 310 Comprehensive income attributabie to General Mills $1.556.3 $2,0252 How did the cash flow hedges affect net income during the fiscal year ended May 26, 2019? Net income decreased by $ 11.2 million due to cash flow hedges. General Mils reported the following statement of comprehersive income in its fiscal 2019 Form 10-K, For 12 Months Ended (S millions) May 26, 2019 May 27, 2018 May 28, 2017 Net earnings, including earnings attributable to redeemable and noncontrolling interests Other comprehensive incomie (loss), net of tax Foreign currency translation $1,786.2 $2,163.0 $1,701.1 (82.8) (37.0) 6.3 Net actuarial income (loss) (253,4) 140.1 197.9 Other fair value changes Securities 1.2 0.8 Hedge derivatives. Redassification to earmings: 12.1 (50.8) 53.3 Securities Hedge derivatives Amortization of losses and prior service costs Other comprehensive income loss), net of tax Total comprehensive income Comprehensiveloss) income attributable to redeemable and noncontrolling interests (2.0) 15.1) 0.9 17.4 (25.7) 84.6 117.6 122.5 (240.6) 355.1 1,545.6 2.346.4 70.5 $2.275.9 2,056.2 (10.7) 310 Comprehensive income attributabie to General Mills $1.556.3 $2,0252 How did the cash flow hedges affect net income during the fiscal year ended May 26, 2019? Net income decreased by $ 11.2 million due to cash flow hedges.

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On May 26 2019 as you can see in the above picture that hedge derivatives net income inc... View the full answer