Note 19 - Business Segments and Related Information (Tables)

12 Months Ended

May 28, 2023

Notes Tables

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

	2023			2022		2021
Net sales
Grocery & Snacks	$	4,981.9		$	4,697.4	$	4,624.7
Refrigerated & Frozen		5,156.2			4,859.3		4,774.6
International		1,002.5			970.8		938.6
Foodservice		1,136.4			1,008.4		846.8
Total net sales	$	12,277.0		$	11,535.9	$	11,184.7
Operating profit
Grocery & Snacks	$	1,002.8		$	859.5	$	1,092.7
Refrigerated & Frozen		255.0			561.1		836.5
International		121.4			106.7		131.8
Foodservice		85.0			60.3		80.0
Total operating profit	$	1,464.2		$	1,587.6	$	2,141.0
Equity method investment earnings		212.0			145.3		84.4
General corporate expenses		388.9			241.6		364.8
Pension and postretirement non-service income		24.2			67.3		54.5
Interest expense, net		409.6			379.9		420.4
Income tax expense		218.7			290.5		193.8
Net income	$	683.2		$	888.2	$	1,300.9
Less: Net income attributable to noncontrolling interests		(0.4	)		—		2.1
Net income attributable to Conagra Brands, Inc.	$	683.6		$	888.2	$	1,298.8

	2023		2022		2021
Frozen	$	4,288.1	$	4,091.1	$	3,948.0
Staples
Other shelf-stable		2,851.9		2,729.5		2,830.2
Refrigerated		868.1		768.2		826.6
Snacks		2,130.0		1,967.9		1,794.5
International		1,002.5		970.8		938.6
Foodservice		1,136.4		1,008.4		846.8
Total net sales	$	12,277.0	$	11,535.9	$	11,184.7

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

	2023			2022			2021
Net derivative gains (losses) incurred	$	(17.6	)	$	37.1		$	9.5
Less: Net derivative gains (losses) allocated to reporting segments		19.5			32.7			(6.1	)
Net derivative gains (losses) recognized in general corporate expenses	$	(37.1	)	$	4.4		$	15.6
Net derivative gains (losses) allocated to Grocery & Snacks	$	6.0		$	17.3		$	(2.3	)
Net derivative gains (losses) allocated to Refrigerated & Frozen		9.6			17.4			(1.7	)
Net derivative gains (losses) allocated to International		2.5			(3.6	)		(1.7	)
Net derivative gains (losses) allocated to Foodservice		1.4			1.6			(0.4	)
Net derivative gains (losses) included in segment operating profit	$	19.5		$	32.7		$	(6.1	)