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Consolidated Balance Sheets - USD ($)
$ in Millions
May 29, 2022
May 30, 2021
ASSETS    
Cash and cash equivalents $ 83.3 $ 79.2
Receivables, less allowance for doubtful accounts of $3.9 and $3.2 867.4 793.9
Inventories 1,939.7 1,709.7
Prepaid expenses and other current assets 116.3 95.0
Current assets held for sale 27.0 24.3
Total current assets 3,033.7 2,702.1
Property, plant and equipment    
Land and land improvements 173.0 154.6
Buildings, machinery and equipment 4,820.5 4,446.0
Furniture, fixtures, office equipment and other 676.1 664.5
Construction in progress 183.3 299.7
Property, Plant and Equipment, Gross, Ending Balance 5,852.9 5,564.8
Less accumulated depreciation (3,139.0) (2,992.8)
Property, plant and equipment, net 2,713.9 2,572.0
Goodwill 11,329.2 11,338.9
Brands, trademarks and other intangibles, net 3,853.1 4,124.6
Other assets 1,473.3 1,344.7
Noncurrent assets held for sale 31.9 113.3
Assets, Total 22,435.1 22,195.6
LIABILITIES AND STOCKHOLDERS' EQUITY    
Notes payable 184.3 707.4
Current installments of long-term debt 707.3 23.1
Accounts payable 1,864.6 1,655.9
Accrued payroll 151.7 175.2
Other accrued liabilities 609.2 743.0
Current liabilities held for sale 1.7 1.6
Total current liabilities 3,518.8 3,306.2
Senior long-term debt, excluding current installments 8,088.2 8,275.2
Other noncurrent liabilities 1,963.5 1,979.6
Noncurrent liabilities held for sale 2.4 3.2
Total liabilities 13,572.9 13,564.2
Commitments and contingencies (Note 15)
Common stockholders' equity    
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229 2,921.2 2,921.2
Additional paid-in capital 2,324.6 2,342.1
Retained earnings 6,550.7 6,262.6
Accumulated other comprehensive income (loss) (11.2) 5.8
Less treasury stock, at cost, 104,157,169 and 103,934,839 common shares (2,997.6) (2,979.9)
Total Conagra Brands, Inc. common stockholders' equity 8,787.7 8,551.8
Noncontrolling interests 74.5 79.6
Total stockholders' equity 8,862.2 8,631.4
Liabilities and Equity, Total $ 22,435.1 $ 22,195.6