XML 19 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Millions
May 26, 2019
May 27, 2018
Current assets    
Cash and cash equivalents $ 236.6 $ 128.0
Receivables, less allowance for doubtful accounts of $3.3 and $1.7 831.7 569.4
Inventories 1,571.7 988.7
Prepaid expenses and other current assets 93.8 184.9
Current assets held for sale 0.0 67.9
Total current assets 2,733.8 1,938.9
Property, plant and equipment    
Land and land improvements 144.1 107.1
Buildings, machinery and equipment 4,013.9 3,205.9
Furniture, fixtures, office equipment and other 678.2 610.2
Construction in progress 173.9 85.3
Property, plant and equipment 5,010.1 4,008.5
Less accumulated depreciation (2,614.8) (2,419.0)
Property, plant and equipment, net 2,395.3 1,589.5
Goodwill 11,499.6 4,487.4
Brands, trademarks and other intangibles, net 4,661.4 1,282.8
Other assets 915.5 906.3
Noncurrent assets held for sale 8.2 184.6
Total assets 22,213.8 10,389.5
Current liabilities    
Notes payable 1.0 277.3
Current installments of long-term debt 20.6 307.0
Accounts payable 1,255.3 905.3
Accrued payroll 174.1 161.7
Other accrued liabilities 691.6 671.0
Current liabilities held for sale 0.0 13.9
Total current liabilities 2,142.6 2,336.2
Senior long-term debt, excluding current installments 10,459.8 3,035.6
Subordinated debt 195.9 195.9
Other noncurrent liabilities 1,951.8 1,060.8
Noncurrent liabilities held for sale 0.0 4.4
Total liabilities 14,750.1 6,632.9
Commitments and contingencies (Note 17)
Common stockholders' equity    
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229 2,921.2 2,839.7
Additional paid-in capital 2,286.0 1,180.0
Retained earnings 5,047.9 4,744.9
Accumulated other comprehensive loss (110.3) (110.5)
Less treasury stock, at cost, 98,133,747 and 177,078,193 common shares (2,760.2) (4,977.9)
Total Conagra Brands, Inc. common stockholders' equity 7,384.6 3,676.2
Noncontrolling interests 79.1 80.4
Total stockholders' equity 7,463.7 3,756.6
Total liabilities and stockholders' equity $ 22,213.8 $ 10,389.5