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BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)
3 Months Ended
Aug. 26, 2018
Segment Reporting [Abstract]  
Schedule of Segment Operations
General corporate expense, net interest expense, and income taxes have been excluded from segment operations.
 
Thirteen Weeks Ended
 
August 26,
2018
 
August 27,
2017
Net sales
 
 
 
Grocery & Snacks
$
771.1

 
$
745.8

Refrigerated & Frozen
635.2

 
615.7

International
193.8

 
190.9

Foodservice
234.3

 
251.8

Total net sales
$
1,834.4

 
$
1,804.2

Operating profit
 
 
 
Grocery & Snacks
$
178.7

 
$
176.2

Refrigerated & Frozen
95.5

 
101.9

International
37.3

 
18.9

Foodservice
27.5

 
23.2

Total operating profit
$
339.0

 
$
320.2

Equity method investment earnings
16.2

 
30.0

General corporate expense
80.8

 
60.8

Pension and postretirement non-service income

(10.2
)
 
(20.6
)
Interest expense, net
49.0

 
36.4

Income tax expense
57.4

 
120.0

Income from continuing operations
$
178.2

 
$
153.6

Less: Net income attributable to noncontrolling interests of continuing operations

 
0.8

Income from continuing operations attributable to Conagra Brands, Inc.
$
178.2

 
$
152.8


The following table presents further disaggregation of our net sales:
 
Thirteen Weeks Ended
 
August 26,
2018
 
August 27,
2017
Snacks
$
291.4

 
$
257.5

Other shelf-stable
479.7

 
488.3

Frozen
463.5

 
432.3

Refrigerated
171.7

 
183.4

International
193.8

 
190.9

Foodservice
234.3

 
251.8

Total net sales
$
1,834.4

 
$
1,804.2


Schedule of Net Derivative Gains (Losses) from Economic Hedges of Forecasted Commodity Consumption and Foreign Currency Risk
The following table presents the net derivative gains (losses) from economic hedges of forecasted commodity consumption and the foreign currency risk of certain forecasted transactions, under this methodology:
 
Thirteen Weeks Ended
 
August 26,
2018
 
August 27,
2017
Gross derivative losses incurred
$
(6.5
)
 
$
(7.4
)
Less: Net derivative losses allocated to reporting segments
(0.1
)
 
(1.4
)
Net derivative losses recognized in general corporate expenses
$
(6.4
)
 
$
(6.0
)
Net derivative losses allocated to Grocery & Snacks
$
(0.2
)
 
$
(0.6
)
Net derivative losses allocated to Refrigerated & Frozen
(0.1
)
 

Net derivative gains (losses) allocated to International
0.3

 
(0.7
)
Net derivative losses allocated to Foodservice
(0.1
)
 
(0.1
)
Net derivative losses included in segment operating profit
$
(0.1
)
 
$
(1.4
)