BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)

3 Months Ended

Aug. 25, 2019

Segment Reporting [Abstract]

Schedule of Segment Operations

General corporate expense, net interest expense, and income taxes have been excluded from segment operations.

	Thirteen weeks ended
	August 25, 2019			August 26, 2018
Net sales
Grocery & Snacks	$	977.6		$	770.7
Refrigerated & Frozen		959.1			635.2
International		204.4			193.8
Foodservice		249.6			234.7
Total net sales	$	2,390.7		$	1,834.4
Operating profit
Grocery & Snacks	$	151.7		$	178.6
Refrigerated & Frozen		155.6			95.5
International		24.8			37.3
Foodservice		31.1			27.6
Total operating profit	$	363.2		$	339.0
Equity method investment earnings		12.3			16.2
General corporate expense		99.5			80.8
Pension and postretirement non-service income		(9.5	)		(10.2	)
Interest expense, net		122.7			49.0
Income tax expense (benefit)		(11.5	)		57.4
Net income	$	174.3		$	178.2
Less: Net income attributable to noncontrolling interests		0.5			-
Net income attributable to Conagra Brands, Inc.	$	173.8		$	178.2

The following table presents further disaggregation of our net sales:

	Thirteen weeks ended
	August 25, 2019		August 26, 2018
Snacks	$	376.2	$	293.3
Other shelf-stable		601.4		477.4
Frozen		751.9		463.5
Refrigerated		207.2		171.7
International		204.4		193.8
Foodservice		249.6		234.7
Total net sales	$	2,390.7	$	1,834.4

Schedule of Net Derivative Gains (Losses) from Economic Hedges of Forecasted Commodity Consumption and Foreign Currency Risk

The following table presents the net derivative gains (losses) from economic hedges of forecasted commodity consumption and the foreign currency risk of certain forecasted transactions, under this methodology:

	Thirteen weeks ended
	August 25, 2019			August 26, 2018
Gross derivative losses incurred	$	(7.3	)	$	(6.5	)
Less: Net derivative losses allocated to reporting segments		(0.1	)		(0.1	)
Net derivative losses recognized in general corporate expenses	$	(7.2	)	$	(6.4	)
Net derivative losses allocated to Grocery & Snacks	$	(0.1	)	$	(0.2	)
Net derivative losses allocated to Refrigerated & Frozen		(0.3	)		(0.1	)
Net derivative gains allocated to International		0.1			0.3
Net derivative gains (losses) allocated to Foodservice		0.2			(0.1	)
Net derivative losses included in segment operating profit	$	(0.1	)	$	(0.1	)