XML 55 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Nov. 24, 2019
Nov. 25, 2018
Nov. 24, 2019
Nov. 25, 2018
Income Statement [Abstract]        
Net sales $ 2,820.8 $ 2,383.7 $ 5,211.5 $ 4,218.1
Costs and expenses:        
Cost of goods sold 2,022.9 1,706.5 3,749.1 3,025.4
Selling, general and administrative expenses 369.8 487.3 770.6 744.6
Pension and postretirement non-service income (11.3) (9.7) (20.8) (19.9)
Interest expense, net 121.4 80.6 244.1 129.6
Income from continuing operations before income taxes and equity method investment earnings 318.0 119.0 468.5 338.4
Income tax expense 84.1 22.4 72.6 79.8
Equity method investment earnings 27.6 37.7 39.9 53.9
Income from continuing operations 261.5 134.3 435.8 312.5
Loss from discontinued operations, net of tax 0.0 (1.9) 0.0 (1.9)
Net income 261.5 132.4 435.8 310.6
Less: Net income attributable to noncontrolling interests 1.0 0.8 1.5 0.8
Net income attributable to Conagra Brands, Inc. $ 260.5 $ 131.6 $ 434.3 $ 309.8
Earnings per share — basic        
Income from continuing operations attributable to Conagra Brands, Inc. common stockholders $ 0.53 $ 0.32 $ 0.89 $ 0.76
Loss from discontinued operations attributable to Conagra Brands, Inc. common stockholders 0 (0.01) 0 0
Net income attributable to Conagra Brands, Inc. common stockholders 0.53 0.31 0.89 0.76
Earnings per share — diluted        
Income from continuing operations attributable to Conagra Brands, Inc. common stockholders 0.53 0.32 0.89 0.76
Loss from discontinued operations attributable to Conagra Brands, Inc. common stockholders 0 (0.01) 0 0
Net income attributable to Conagra Brands, Inc. common stockholders $ 0.53 $ 0.31 $ 0.89 $ 0.76