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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Millions
3 Months Ended
Aug. 28, 2011
Aug. 29, 2010
Cash flows from operating activities:    
Net income $ 85.6 $ 146.3
Income from discontinued operations 0.1 3.0
Income from continuing operations 85.5 143.3
Adjustments to reconcile income from continuing operations to net cash flows from operating activities:    
Depreciation and amortization 91.5 85.8
Asset impairment charges 7.1 0.2
Insurance recoveries recognized related to Garner accident   (1.3)
Advances from insurance carriers related to Garner accident   3.0
Distributions from affiliates less than current earnings (2.2) (2.6)
Contributions to pension plans (3.0) (110.1)
Share-based payments expense 12.3 8.4
Non-cash interest income on payment-in-kind notes   (18.5)
Other items (6.7) 24.0
Change in operating assets and liabilities before effects of business acquisitions and dispositions:    
Accounts receivable (63.1) (2.2)
Inventories (12.1) (148.3)
Prepaid expenses and other current assets 12.9 37.8
Accounts payable 108.9 81.1
Accrued payroll 1.6 (131.9)
Other accrued liabilities 79.3 135.5
Net cash flows from operating activities - continuing operations 312.0 104.2
Net cash flows from operating activities - discontinued operations 3.1 4.6
Net cash flows from operating activities 315.1 108.8
Cash flows from investing activities:    
Additions to property, plant and equipment (95.6) (129.1)
Sale of property, plant and equipment 3.8 1.0
Advances from insurance carriers related to Garner accident   2.5
Purchase of businesses and intangible assets (57.5) (129.7)
Net cash flows from investing activities - continuing operations (149.3) (255.3)
Net cash flows from investing activities - discontinued operations   248.9
Net cash flows from investing activities (149.3) (6.4)
Cash flows from financing activities:    
Repayment of long-term debt (2.5) (38.4)
Repurchase of ConAgra Foods common shares   (100.0)
Cash dividends paid (94.3) (88.5)
Exercise of stock options and issuance of other stock awards 55.7 10.9
Other items   (0.3)
Net cash flows from financing activities - continuing operations (41.1) (216.3)
Net cash flows from financing activities - discontinued operations   (0.1)
Net cash flows from financing activities (41.1) (216.4)
Effect of exchange rate changes on cash and cash equivalents (1.9) 1.7
Net change in cash and cash equivalents 122.8 (112.3)
Cash and cash equivalents at beginning of period 972.4 953.2
Cash and cash equivalents at end of period $ 1,095.2 $ 840.9