ACQUISITIONS (Tables)

9 Months Ended

Feb. 23, 2020

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes our final allocation of the total purchase consideration to the fair values of the assets acquired and liabilities assumed at the acquisition date.

	October 26, 2018
Cash and cash equivalents	$	47.0
Receivables		202.8
Inventories		649.3
Prepaid expenses and other current assets		15.0
Property, plant and equipment		719.5
Goodwill		7,026.0
Brands, trademarks and other intangibles		3,519.5
Other assets		25.4
Current liabilities		(607.6	)
Senior long-term debt, excluding current installments		(2,671.3	)
Noncurrent deferred tax liabilities		(810.0	)
Other noncurrent liabilities		(81.6	)
Total assets acquired and liabilities assumed	$	8,034.0

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information presents the combined results of operations as if the acquisition of Pinnacle had occurred on May 29, 2017, the beginning of fiscal year 2018. These unaudited pro forma results may not necessarily reflect the actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.

	Thirteen weeks ended		Thirty-nine weeks ended
	February 24, 2019		February 24, 2019
Pro forma net sales	$	2,707.1	$	8,174.9
Pro forma net income attributable to Conagra Brands, Inc.	$	263.1	$	675.4