STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Aug. 25, 2024

Notes Tables

Schedule of reconciliation of our stockholders' equity accounts


		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


		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

Schedule of 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)

Schedule of 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).