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Consolidated Balance Sheets - USD ($)
$ in Millions
May 28, 2023
May 29, 2022
ASSETS    
Cash and cash equivalents $ 93.9 $ 83.3
Receivables, less allowance for doubtful accounts of $3.8 and $3.9 965.4 867.4
Inventories 2,232.0 1,966.7
Prepaid expenses and other current assets 93.7 116.3
Total current assets 3,385.0 3,033.7
Property, plant and equipment    
Land and land improvements 166.9 173.0
Buildings, machinery and equipment 5,017.2 4,861.9
Furniture, fixtures, office equipment and other 689.4 677.8
Construction in progress 317.6 183.6
Property, Plant and Equipment, Gross 6,191.1 5,896.3
Less accumulated depreciation (3,417.3) (3,159.1)
Property, plant and equipment, net 2,773.8 2,737.2
Goodwill 11,178.2 11,329.2
Brands, trademarks and other intangibles, net 3,205.9 3,857.8
Other assets 1,509.7 1,477.2
Assets 22,052.6 22,435.1
LIABILITIES AND STOCKHOLDERS' EQUITY    
Notes payable 641.4 184.3
Current installments of long-term debt 1,516.0 707.3
Accounts payable 1,529.4 1,864.6
Accrued payroll 164.1 151.7
Other accrued liabilities 589.8 610.9
Total current liabilities 4,440.7 3,518.8
Senior long-term debt, excluding current installments 7,081.3 8,088.2
Other noncurrent liabilities 1,723.3 1,965.9
Total liabilities 13,245.3 13,572.9
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 2,376.9 2,324.6
Retained earnings 6,599.4 6,550.7
Accumulated other comprehensive income (loss) (44.4) (11.2)
Less treasury stock, at cost, 107,196,446 and 104,157,169 common shares (3,116.3) (2,997.6)
Total Conagra Brands, Inc. common stockholders' equity 8,736.8 8,787.7
Noncontrolling interests 70.5 74.5
Total stockholders' equity 8,807.3 8,862.2
Liabilities and Equity $ 22,052.6 $ 22,435.1