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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Feb. 26, 2023
Feb. 27, 2022
Feb. 26, 2023
Feb. 27, 2022
Net sales $ 3,086.5 $ 2,913.7 $ 9,303.7 $ 8,625.9
Costs and expenses:        
Cost of goods sold 2,247.7 2,216.5 6,822.3 6,500.5
Selling, general and administrative expenses 348.8 338.0 1,463.1 993.5
Pension and postretirement non-service income (6.0) (16.1) (18.2) (48.3)
Interest expense, net 104.2 94.6 301.6 283.7
Income before income taxes and equity method investment earnings 391.8 280.7 734.9 896.5
Income tax expense 100.1 109.9 237.0 263.8
Equity method investment earnings 50.5 48.1 149.0 97.8
Net income 342.2 218.9 646.9 730.5
Less: Net income attributable to noncontrolling interests 0.5 0.5 0.8 1.2
Net income attributable to Conagra Brands, Inc. $ 341.7 $ 218.4 $ 646.1 $ 729.3
Earnings per share — basic        
Net income attributable to Conagra Brands, Inc. common stockholders, basic (in dollars per share) $ 0.72 $ 0.45 $ 1.35 $ 1.52
Earnings per share — diluted        
Net income attributable to Conagra Brands, Inc. common stockholders, diluted (in dollars per share) $ 0.71 $ 0.45 $ 1.34 $ 1.51