RESTRUCTURING ACTIVITIES (Tables)

6 Months Ended

Nov. 24, 2019

Pinnacle Integration Restructuring Plan

Schedule of Pre-Tax Expenses in Association with the Restructuring Plan

We anticipate that we will recognize the following pre-tax expenses in association with the Pinnacle Integration Restructuring Plan (amounts include charges recognized from plan inception through the second quarter of fiscal 2020):

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	—	$	0.8	$	—	$	—	$	0.8
Other cost of goods sold		1.6		1.5		0.7		—		3.8
Total cost of goods sold		1.6		2.3		0.7		—		4.6
Severance and related costs		—		—		1.5		115.2		116.7
Asset impairment (net of gains on disposal)		0.2		—		—		2.9		3.1
Accelerated depreciation		—		—		—		8.1		8.1
Contract/lease termination		—		—		0.8		14.1		14.9
Consulting/professional fees		—		—		0.8		85.7		86.5
Other selling, general and administrative expenses		—		—		0.1		33.4		33.5
Total selling, general and administrative expenses		0.2		—		3.2		259.4		262.8
Consolidated total	$	1.8	$	2.3	$	3.9	$	259.4	$	267.4

During the second quarter of fiscal 2020, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:

	Refrigerated & Frozen		International		Corporate			Total
Accelerated depreciation	$	0.4	$	—	$	—		$	0.4
Total cost of goods sold		0.4		—		—			0.4
Severance and related costs		—		—		0.7			0.7
Asset impairment (net of gains on disposal)		—		—		(0.7	)		(0.7	)
Accelerated depreciation		—		—		0.6			0.6
Contract/lease termination		—		0.1		4.1			4.2
Consulting/professional fees		—		0.3		7.9			8.2
Other selling, general and administrative expenses		—		—		2.8			2.8
Total selling, general and administrative expenses		—		0.4		15.4			15.8
Consolidated total	$	0.4	$	0.4	$	15.4		$	16.2

Included in the above results are $11.8 million of charges that have resulted or will result in cash outflows and $4.4 million in non-cash charges.

During the first half of fiscal 2020, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	—	$	0.5	$	—	$	—	$	0.5
Other cost of goods sold		0.1		—		—		—		0.1
Total cost of goods sold		0.1		0.5		—		—		0.6
Severance and related costs		—		—		0.2		4.4		4.6
Asset impairment (net of gains on disposal)		0.2		—		—		2.9		3.1
Accelerated depreciation		—		—		—		2.4		2.4
Contract/lease termination		—		—		—		11.8		11.8
Consulting/professional fees		—		—		0.6		15.3		15.9
Other selling, general and administrative expenses		—		—		—		5.5		5.5
Total selling, general and administrative expenses		0.2		—		0.8		42.3		43.3
Consolidated total	$	0.3	$	0.5	$	0.8	$	42.3	$	43.9

Included in the above results are $29.1 million of charges that have resulted or will result in cash outflows and $14.8 million in non-cash charges.

We recognized the following cumulative (plan inception to November 24, 2019) pre-tax expenses for the Pinnacle Integration Restructuring Plan related to our continuing operations in our Condensed Consolidated Statement of Operations:

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	—	$	0.5	$	—	$	—	$	0.5
Other cost of goods sold		1.6		1.5		0.7		—		3.8
Total cost of goods sold		1.6		2.0		0.7		—		4.3
Severance and related costs		—		—		1.5		115.2		116.7
Asset impairment (net of gains on disposal)		0.2		—		—		2.9		3.1
Accelerated depreciation		—		—		—		7.1		7.1
Contract/lease termination		—		—		0.8		12.1		12.9
Consulting/professional fees		—		—		0.8		53.4		54.2
Other selling, general and administrative expenses		—		—		0.1		13.7		13.8
Total selling, general and administrative expenses		0.2		—		3.2		204.4		207.8
Consolidated total	$	1.8	$	2.0	$	3.9	$	204.4	$	212.1

Schedule of Liabilities Recorded for the Restructuring Plan

Liabilities recorded for the Pinnacle Integration Restructuring Plan and changes therein for the first half of fiscal 2020 were as follows:

	Balance at May 26, 2019		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at November 24, 2019
Severance and related costs	$	76.9	$	5.5	$	(38.3	)	$	(0.9	)	$	43.2
Contract termination		1.0		3.1		(2.4	)		—			1.7
Consulting/professional fees		18.4		15.9		(27.9	)		—			6.4
Other costs		1.2		5.5		(5.3	)		—			1.4
Total	$	97.5	$	30.0	$	(73.9	)	$	(0.9	)	$	52.7

Conagra Restructuring Plan

Schedule of Pre-Tax Expenses in Association with the Restructuring Plan

We anticipate that we will recognize the following pre-tax expenses in association with the Conagra Restructuring Plan (amounts include charges recognized from plan inception through the second quarter of fiscal 2020):

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	31.1	$	12.1	$	—	$	—	$	43.2
Other cost of goods sold		4.1		5.1		—		—		9.2
Total cost of goods sold		35.2		17.2		—		—		52.4
Severance and related costs		9.3		2.5		1.2		0.2		13.2
Asset impairment (net of gains on disposal)		24.5		—		0.1		—		24.6
Contract/lease termination		0.1		0.1		—		0.1		0.3
Other selling, general and administrative expenses		12.1		1.6		—		—		13.7
Total selling, general and administrative expenses		46.0		4.2		1.3		0.3		51.8
Total	$	81.2	$	21.4	$	1.3	$	0.3	$	104.2
Pension and postretirement non-service income										0.6
Consolidated total									$	104.8

During the second quarter of fiscal 2020, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen		International			Total
Accelerated depreciation	$	6.5	$	0.5	$	—		$	7.0
Other cost of goods sold		—		0.2		—			0.2
Total cost of goods sold		6.5		0.7		—			7.2
Severance and related costs		—		—		(0.4	)		(0.4	)
Asset impairment (net of gains on disposal)		12.6		—		0.1			12.7
Other selling, general and administrative expenses		—		0.1		—			0.1
Total selling, general and administrative expenses		12.6		0.1		(0.3	)		12.4
Total	$	19.1	$	0.8	$	(0.3	)	$	19.6

Included in the above results are a reduction of $0.2 million in charges that have resulted or will result in cash outflows and $19.8 million in non-cash charges.

During the first half of fiscal 2020, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	10.4	$	0.9	$	—	$	—	$	11.3
Other cost of goods sold		—		0.2		—		—		0.2
Total cost of goods sold		10.4		1.1		—		—		11.5
Severance and related costs		3.0		0.1		0.5		—		3.6
Asset impairment (net of gains on disposal)		24.5		—		0.1		—		24.6
Contract/lease termination		—		—		—		0.1		0.1
Other selling, general and administrative expenses		0.2		0.1		—		—		0.3
Total selling, general and administrative expenses		27.7		0.2		0.6		0.1		28.6
Total	$	38.1	$	1.3	$	0.6	$	0.1	$	40.1
Pension and postretirement non-service income										0.6
Consolidated total									$	40.7

Included in the above results are $4.7 million of charges that have resulted or will result in cash outflows and $36.0 million in non-cash charges.

We recognized the following cumulative (plan inception to November 24, 2019) pre-tax expenses for the Conagra Restructuring Plan related to our continuing operations in our Condensed Consolidated Statement of Operations:

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	10.4	$	1.7	$	—	$	—	$	12.1
Other cost of goods sold		—		0.2		—		—		0.2
Total cost of goods sold		10.4		1.9		—		—		12.3
Severance and related costs		3.0		0.6		1.2		0.2		5.0
Asset impairment (net of gains on disposal)		24.5		—		0.1		—		24.6
Contract/lease termination		—		—		—		0.1		0.1
Other selling, general and administrative expenses		0.2		0.1		—		—		0.3
Total selling, general and administrative expenses		27.7		0.7		1.3		0.3		30.0
Total	$	38.1	$	2.6	$	1.3	$	0.3	$	42.3
Pension and postretirement non-service income										0.6
Consolidated total									$	42.9

Schedule of Liabilities Recorded for the Restructuring Plan

Liabilities recorded for the Conagra Restructuring Plan and changes therein for the first half of fiscal 2020 were as follows:

	Balance at May 26, 2019		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at November 24, 2019
Severance and related costs	$	1.2	$	4.1	$	(0.8	)	$	(0.5	)	$	4.0
Contract termination		—		0.1		(0.1	)		—			—
Other costs		—		0.3		(0.3	)		—			—
Total	$	1.2	$	4.5	$	(1.2	)	$	(0.5	)	$	4.0