Note 19 - Business Segments and Related Information (Tables)

12 Months Ended

May 29, 2022

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	2022		2021		2020
Net sales
Grocery & Snacks	$	4,697.4	$	4,624.7	$	4,600.6
Refrigerated & Frozen		4,859.3		4,774.6		4,559.6
International		970.8		938.6		925.3
Foodservice		1,008.4		846.8		968.9
Total net sales	$	11,535.9	$	11,184.7	$	11,054.4
Operating profit
Grocery & Snacks	$	859.5	$	1,092.7	$	914.3
Refrigerated & Frozen		561.1		836.5		702.2
International		106.7		131.8		100.6
Foodservice		60.3		80.0		98.5
Total operating profit	$	1,587.6	$	2,141.0	$	1,815.6
Equity method investment earnings		145.3		84.4		73.2
General corporate expenses		241.6		364.8		368.5
Pension and postretirement non-service income		67.3		54.5		9.9
Interest expense, net		379.9		420.4		487.1
Income tax expense		290.5		193.8		201.3
Net income	$	888.2	$	1,300.9	$	841.8
Less: Net income attributable to noncontrolling interests		—		2.1		1.7
Net income attributable to Conagra Brands, Inc.	$	888.2	$	1,298.8	$	840.1

	2022		2021		2020
Frozen	$	4,091.1	$	3,948.0	$	3,735.5
Staples
Other shelf-stable		2,729.5		2,830.2		2,892.4
Refrigerated		768.2		826.6		824.1
Snacks		1,967.9		1,794.5		1,708.2
International		970.8		938.6		925.3
Foodservice		1,008.4		846.8		968.9
Total net sales	$	11,535.9	$	11,184.7	$	11,054.4

Allocation of Net Derivative Gains (Losses) from Economic Hedges to Operating Results of Reporting Segments [Table Text Block]

	2022			2021			2020
Net derivative gains (losses) incurred	$	37.1		$	9.5		$	(12.9	)
Less: Net derivative gains (losses) allocated to reporting segments		32.7			(6.1	)		(7.4	)
Net derivative gains (losses) recognized in general corporate expenses	$	4.4		$	15.6		$	(5.5	)
Net derivative gains (losses) allocated to Grocery & Snacks	$	17.3		$	(2.3	)	$	(4.7	)
Net derivative gains (losses) allocated to Refrigerated & Frozen		17.4			(1.7	)		(2.5	)
Net derivative gains (losses) allocated to International		(3.6	)		(1.7	)		0.1
Net derivative gains (losses) allocated to Foodservice		1.6			(0.4	)		(0.3	)
Net derivative gains (losses) included in segment operating profit	$	32.7		$	(6.1	)	$	(7.4	)