BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)

6 Months Ended

Nov. 24, 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						Twenty-six weeks ended
	November 24, 2019			November 25, 2018			November 24, 2019			November 25, 2018
Net sales
Grocery & Snacks	$	1,142.5		$	1,000.5		$	2,120.1		$	1,771.2
Refrigerated & Frozen		1,168.3			906.7			2,127.4			1,541.9
International		234.3			218.3			438.7			412.1
Foodservice		275.7			258.2			525.3			492.9
Total net sales	$	2,820.8		$	2,383.7		$	5,211.5		$	4,218.1
Operating profit
Grocery & Snacks	$	263.7		$	219.6		$	415.4		$	398.2
Refrigerated & Frozen		187.4			156.8			343.0			252.3
International		26.4			22.5			51.2			59.8
Foodservice		38.3			34.4			69.4			62.0
Total operating profit	$	515.8		$	433.3		$	879.0		$	772.3
Equity method investment earnings		27.6			37.7			39.9			53.9
General corporate expense		87.7			243.4			187.2			324.2
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 tax expense		84.1			22.4			72.6			79.8
Income from continuing operations	$	261.5		$	134.3		$	435.8		$	312.5
Less: Net income attributable to noncontrolling interests		1.0			0.8			1.5			0.8
Income from continuing operations attributable to Conagra Brands, Inc.	$	260.5		$	133.5		$	434.3		$	311.7

The following table presents further disaggregation of our net sales:

	Thirteen weeks ended				Twenty-six weeks ended
	November 24, 2019		November 25, 2018		November 24, 2019		November 25, 2018
Frozen		938.4		690.9		1,690.3		1,154.4
Other shelf-stable		680.5		609.7		1,281.9		1,087.1
Snacks		462.0		390.8		838.2		684.1
Foodservice		275.7		258.2		525.3		492.9
International		234.3		218.3		438.7		412.1
Refrigerated		229.9		215.8		437.1		387.5
Total net sales	$	2,820.8	$	2,383.7	$	5,211.5	$	4,218.1

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						Twenty-six weeks ended
	November 24, 2019			November 25, 2018			November 24, 2019			November 25, 2018
Gross derivative gains (losses) incurred	$	0.5		$	2.3		$	(6.8	)	$	(4.2	)
Less: Net derivative losses allocated to reporting segments		(1.3	)		(0.5	)		(1.4	)		(0.6	)
Net derivative gains (losses) recognized in general corporate expenses	$	1.8		$	2.8		$	(5.4	)	$	(3.6	)
Net derivative losses allocated to Grocery & Snacks	$	(0.5	)	$	(0.8	)	$	(0.6	)	$	(1.0	)
Net derivative losses allocated to Refrigerated & Frozen		(0.4	)		(0.4	)		(0.7	)		(0.5	)
Net derivative gains (losses) allocated to International		(0.4	)		0.8			(0.3	)		1.1
Net derivative gains (losses) allocated to Foodservice		-			(0.1	)		0.2			(0.2	)
Net derivative losses included in segment operating profit	$	(1.3	)	$	(0.5	)	$	(1.4	)	$	(0.6	)