| STOCKHOLDERS' EQUITY |
15. STOCKHOLDERS’ EQUITY The following table presents a reconciliation of our stockholders’ equity accounts for the thirteen weeks ended August 25, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | Conagra Brands, Inc. Stockholders' Equity | | | | | | | | | | | | | | | | | | | | Accumulated | | | | | | | | | | | | | | | | | Additional | | | | | Other | | | | | | | | | | | | Common | | Common | | Paid-in | | Retained | | Comprehensive | | Treasury | | Noncontrolling | | Total | | | Shares | | Stock | | Capital | | Earnings | | Loss | | Stock | | Interests | | Equity | Balance at May 26, 2024 | | 584.2 | | $ | 2,921.2 | | $ | 2,363.2 | | $ | 6,276.3 | | $ | (35.5) | | $ | (3,084.8) | | $ | 70.9 | | $ | 8,511.3 | Stock option and incentive plans | | | | | | | | (33.5) | | | (0.5) | | | | | | 34.8 | | | | | | 0.8 | Currency translation adjustments | | | | | | | | | | | | | | 22.5 | | | | | | 38.0 | | | 60.5 | Repurchase of common shares | | | | | | | | | | | | | | | | | (64.0) | | | | | | (64.0) | Derivative adjustments | | | | | | | | | | | | | | (3.3) | | | | | | | | | (3.3) | Activities of noncontrolling interests | | | | | | | | | | | | | | | | | | | | (108.9) | | | (108.9) | Pension and postretirement healthcare benefits | | | | | | | | | | | | | | 0.2 | | | | | | | | | 0.2 | Dividends declared on common stock; $0.35 per share | | | | | | | | | | | (167.8) | | | | | | | | | | | | (167.8) | Net income attributable to Conagra Brands, Inc. | | | | | | | | | | | 466.8 | | | | | | | | | | | | 466.8 | Balance at August 25, 2024 | | 584.2 | | $ | 2,921.2 | | $ | 2,329.7 | | $ | 6,574.8 | | $ | (16.1) | | $ | (3,114.0) | | $ | — | | $ | 8,695.6 |
The following table presents a reconciliation of our stockholders’ equity accounts for the thirteen weeks ended August 27, 2023: | | | | | | | | | | | | | | | | | | | | | | | | | | Conagra Brands, Inc. Stockholders' Equity | | | | | | | | | | | | | | | | | | | Accumulated | | | | | | | | | | | | | | | | Additional | | | | | Other | | | | | | | | | | | | Common | | Common | | Paid-in | | Retained | | Comprehensive | | Treasury | | Noncontrolling | | Total | | | Shares | | Stock | | Capital | | Earnings | | Loss | | Stock | | Interests | | Equity | Balance at May 28, 2023 | | 584.2 | | $ | 2,921.2 | | $ | 2,376.9 | | $ | 6,599.4 | | $ | (44.4) | | $ | (3,116.3) | | $ | 70.5 | | $ | 8,807.3 | Stock option and incentive plans | | | | | | | | (42.9) | | | 1.1 | | | | | | 25.6 | | | | | | (16.2) | Currency translation adjustments | | | | | | | | | | | | | | 10.7 | | | | | | (0.1) | | | 10.6 | Derivative adjustments | | | | | | | | | | | | | | 1.6 | | | | | | | | | 1.6 | Activities of noncontrolling interests | | | | | | | | | | | | | | | | | | | | 0.2 | | | 0.2 | Pension and postretirement healthcare benefits | | | | | | | | | | | | | | (0.8) | | | | | | | | | (0.8) | Dividends declared on common stock; $0.35 per share | | | | | | | | | | | (167.3) | | | | | | | | | | | | (167.3) | Net income attributable to Conagra Brands, Inc. | | | | | | | | | | | 319.7 | | | | | | | | | | | | 319.7 | Balance at August 27, 2023 | | 584.2 | | $ | 2,921.2 | | $ | 2,334.0 | | $ | 6,752.9 | | $ | (32.9) | | $ | (3,090.7) | | $ | 70.6 | | $ | 8,955.1 |
The following table details the accumulated balances for each component of other comprehensive loss, net of tax: | | | | | | | | | August 25, 2024 | | May 26, 2024 | Currency translation losses, net of reclassification adjustments | | $ | (66.7) | | $ | (89.2) | Derivative adjustments, net of reclassification adjustments | | | 25.9 | | | 29.2 | Pension and postretirement benefit obligations, net of reclassification adjustments | | | 24.7 | | | 24.5 | Accumulated other comprehensive loss | | $ | (16.1) | | $ | (35.5) |
The following tables summarize the reclassifications from accumulated other comprehensive income (loss) into income: | | | | | | | | | | | | | | | | | Affected Line Item in the Condensed Consolidated Statement of | | | Thirteen Weeks Ended | | Earnings1 | | | August 25, 2024 | | August 27, 2023 | | | Net derivative adjustments: | | | | | | | | | Cash flow hedges | | $ | (0.7) | | $ | (0.9) | | Interest expense, net | Cash flow hedges | | | (1.2) | | | (1.1) | | Equity method investment earnings | | | | (1.9) | | | (2.0) | | Total before tax | | | | 0.5 | | | 0.5 | | Income tax expense | | | $ | (1.4) | | $ | (1.5) | | Net of tax | Pension and postretirement liabilities: | | | | | | | | | Net actuarial gain | | $ | (1.1) | | $ | (1.2) | | Pension and postretirement non-service income | | | | (1.1) | | | (1.2) | | Total before tax | | | | 0.2 | | | 0.3 | | Income tax expense | | | $ | (0.9) | | $ | (0.9) | | Net of tax | | | | | | | | | | Currency translation losses | | $ | 41.8 | | $ | — | | Selling, general and administrative expenses 2 | | | | 41.8 | | | — | | Total before tax | | | | — | | | — | | Income tax expense | | | $ | 41.8 | | $ | — | | Net of tax |
1Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Earnings. 2Amount represents the reclassification for currency translation losses in connection with the sale of ATFL (see Note 3).
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