Note 14 - Business Segments and Related Information (Tables)

6 Months Ended

Nov. 27, 2022

Notes Tables

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

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	November 27, 2022			November 28, 2021			November 27, 2022			November 28, 2021
Net sales
Grocery & Snacks	$	1,349.9		$	1,264.5		$	2,538.2		$	2,339.6
Refrigerated & Frozen		1,421.5			1,285.9			2,629.1			2,387.7
International		258.7			262.2			492.2			498.8
Foodservice		282.8			246.3			557.7			486.1
Total net sales	$	3,312.9		$	3,058.9		$	6,217.2		$	5,712.2
Operating profit
Grocery & Snacks	$	340.4		$	249.2		$	590.8		$	465.1
Refrigerated & Frozen		250.3			168.3			34.0			325.9
International		36.9			37.1			63.8			71.2
Foodservice		28.5			13.8			29.7			34.1
Total operating profit	$	656.1		$	468.4		$	718.3		$	896.3
Equity method investment earnings		49.3			29.5			98.5			49.7
General corporate expense		106.5			59.0			190.0			123.6
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 tax expense		122.5			84.2			136.9			153.9
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

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	November 27, 2022		November 28, 2021		November 27, 2022		November 28, 2021
Frozen	$	1,157.5	$	1,073.1	$	2,165.9	$	1,993.5
Staples
Other shelf-stable		758.4		724.6		1,448.5		1,366.2
Refrigerated		264.0		212.8		463.2		394.2
Snacks		591.5		539.9		1,089.7		973.4
Foodservice		282.8		246.3		557.7		486.1
International		258.7		262.2		492.2		498.8
Total net sales	$	3,312.9	$	3,058.9	$	6,217.2	$	5,712.2

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

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	November 27, 2022			November 28, 2021			November 27, 2022			November 28, 2021
Gross derivative gains incurred	$	5.2		$	7.0		$	14.7		$	17.2
Less: Net derivative gains allocated to reporting segments		7.6			8.8			16.6			13.8
Net derivative gains (losses) recognized in general corporate expenses	$	(2.4	)	$	(1.8	)	$	(1.9	)	$	3.4
Net derivative gains allocated to Grocery & Snacks	$	2.5		$	4.7		$	7.5		$	7.9
Net derivative gains allocated to Refrigerated & Frozen		4.3			4.6			7.6			9.3
Net derivative gains (losses) allocated to International		0.6			(0.7	)		0.7			(3.9	)
Net derivative gains allocated to Foodservice		0.2			0.2			0.8			0.5
Net derivative gains included in segment operating profit	$	7.6		$	8.8		$	16.6		$	13.8