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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Nov. 26, 2023
May 28, 2023
ASSETS    
Cash and cash equivalents $ 61.5 $ 93.3
Receivables, less allowance for doubtful accounts of $3.0 and $2.7 974.1 952.8
Inventories 2,277.6 2,212.2
Prepaid expenses and other current assets 125.7 92.4
Current assets held for sale 30.2 34.3
Total current assets 3,469.1 3,385.0
Property, plant and equipment 6,423.4 6,134.8
Less accumulated depreciation (3,546.9) (3,398.4)
Property, plant and equipment, net 2,876.5 2,736.4
Goodwill 11,109.3 11,109.4
Brands, trademarks and other intangibles, net 3,165.4 3,192.3
Other assets 1,410.2 1,506.2
Noncurrent assets held for sale 89.5 123.3
Assets 22,120.0 22,052.6
LIABILITIES AND STOCKHOLDERS' EQUITY    
Notes payable 559.0 636.3
Current installments of long-term debt 1,017.3 1,516.0
Accounts and other payables 1,474.6 1,525.5
Accrued payroll 129.5 163.5
Other accrued liabilities 639.6 583.3
Current liabilities held for sale 13.1 16.1
Total current liabilities 3,833.1 4,440.7
Senior long-term debt, excluding current installments 7,493.3 7,081.3
Other noncurrent liabilities 1,717.5 1,718.0
Noncurrent liabilities held for sale 1.9 5.3
Total liabilities 13,045.8 13,245.3
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 2,339.6 2,376.9
Retained earnings 6,871.5 6,599.4
Accumulated other comprehensive loss (38.7) (44.4)
Less treasury stock, at cost, 106,214,201 and 107,196,446 common shares (3,089.6) (3,116.3)
Total Conagra Brands, Inc. common stockholders' equity 9,004.0 8,736.8
Noncontrolling interests 70.2 70.5
Total stockholders' equity 9,074.2 8,807.3
Liabilities and Equity $ 22,120.0 $ 22,052.6