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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Nov. 27, 2022
Nov. 28, 2021
Nov. 27, 2022
Nov. 28, 2021
Net sales $ 3,312.9 $ 3,058.9 $ 6,217.2 $ 5,712.2
Costs and expenses:        
Cost of goods sold 2,390.6 2,304.1 4,574.6 4,284.0
Selling, general and administrative expenses 372.7 345.4 1,114.3 655.5
Pension and postretirement non-service income (6.1) (16.1) (12.2) (32.2)
Interest expense, net 100.3 94.9 197.4 189.1
Income before income taxes and equity method investment earnings 455.4 330.6 343.1 615.8
Income tax expense 122.5 84.2 136.9 153.9
Equity method investment earnings 49.3 29.5 98.5 49.7
Net income 382.2 275.9 304.7 511.6
Less: Net income attributable to noncontrolling interests 0.3 0.4 0.3 0.7
Net income attributable to Conagra Brands, Inc. $ 381.9 $ 275.5 $ 304.4 $ 510.9
Earnings per share — basic        
Net income attributable to Conagra Brands, Inc. common stockholders, basic (in dollars per share) $ 0.80 $ 0.57 $ 0.63 $ 1.06
Earnings per share — diluted        
Net income attributable to Conagra Brands, Inc. common stockholders, diluted (in dollars per share) $ 0.79 $ 0.57 $ 0.63 $ 1.06