RETURN ON AVERAGE TOTAL CAPITAL INTERNATIONAL SEGMENT AND REGION SALES GROWTH RATES EXCLUDING IMPACT OF FOREIGN EXCHANGE (a) In fiscal 2010, we adopted new accounting guidance on noncontrolling interests in financial statements. Prior-year figures in this line item have been adjusted to reflect the current year presentation. The adjustment in fiscal 2005 reflects a divesture gain, net of debt repurchase cost recorded that year. (b) Sum of current year and previous year after-tax adjustments. In Millions 2010 2009 2008 2007 2006 2005 Fiscal Year ........................................................................................................................................................................................ ............................................................................................................................................................................................................................................................................................................................................................................................ Net earnings attributable to General Mills $ 1,530.5 $ 1,304.4 $ 1,294.7 $ 1,143.9 $ 1,090.3 Interest, net, after-tax (a) 261.1 240.8 263.8 242.9 226.5 ............................................................................................................................................................................................................................................................................................................................................................................................ Earnings before interest, after-tax 1,791.6 1,545.2 1,558.5 1,386.8 1,316.8 Mark-to-market effects 4.5 74.9 (35.9) — — Divestitures gain, net — (38.0) — — — Gain from insurance settlement — (26.9) — — — Uncertain tax item — 52.6 (30.7) — — Tax charge — heath care reform 35.0 — — — — .......................................................................................................................................................................................................................................................................................................................................................... Earnings before interest, after-tax for return on capital calculation $ 1,831.1 $ 1,607.8 $ 1,491.9 $ 1,386.8 $ 1,316.8 Current portion of long-term debt $ 107.3 $ 508.5 $ 442.0 $ 1,734.0 $ 2,131.5 $ 1,638.7 Notes payable 1,050.1 812.2 2,208.8 1,254.4 1,503.2 299.2 Long-term debt 5,268.5 5,754.8 4,348.7 3,217.7 2,414.7 4,255.2 ............................................................................................................................................................................................................................................................................................................................................................................................ Total debt 6,425.9 7,075.5 6,999.5 6,206.1 6,049.4 6,193.1 Noncontrolling interests (a) 245.1 244.2 246.6 1,139.2 1,136.2 1,133.2 Stockholders’ equity (a) 5,402.9 5,172.3 6,212.2 5,318.7 5,772.3 5,676.4 ............................................................................................................................................................................................................................................................................................................................................................................................ Total capital 12,073.9 12,492.0 13,458.3 12,664.0 12,957.9 13,002.7 Accumulated other comprehensive (income) loss (a) 1,486.9 877.8 (173.1) 120.1 (125.4) (8.1) After-tax earnings adjustments (b) (161.6) (201.1) (263.7) (197.1) (197.1) (197.1) ............................................................................................................................................................................................................................................................................................................................................................................................ Adjusted total capital $13,399.2 $13,168.7 $13,021.5 $12,587.0 $12,635.4 $12,797.5 Adjusted average total capital $13,283.9 $13,095.1 $12,804.3 $12,611.2 $12,716.5 Return on average total capital (a) 13.8% 12.3% 11.7% 11.0% 10.4% Percentage Change in Net Sales as Reported Impact of Foreign Currency Exchange Percentage Change in Net Sales on Constant Currency Basis Fiscal Year 2010 ......................................................................................................................................... ............................................................................................................................................................................................................................................................................................................................................................................................ Europe 1% (1)% 2% Canada 10 8 2 Asia/Pacific 14 5 9 Latin America (11) (11) Flat ............................................................................................................................................................................................................................................................................................................................................................................................ Total International 4% 1% 3% General Mills 88