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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 23, 2020
May 26, 2019
Current assets    
Cash and cash equivalents $ 99.0 $ 236.6
Receivables, less allowance for doubtful accounts of $2.0 and $2.2 854.2 818.2
Inventories 1,646.5 1,548.9
Prepaid expenses and other current assets 105.0 93.4
Current assets held for sale 4.7 36.7
Total current assets 2,709.4 2,733.8
Property, plant and equipment 5,078.7 4,906.3
Less accumulated depreciation (2,760.9) (2,578.9)
Property, plant and equipment, net 2,317.8 2,327.4
Goodwill 11,443.1 11,435.4
Brands, trademarks and other intangibles, net 4,479.4 4,539.3
Other assets 1,249.3 915.5
Noncurrent assets held for sale 3.1 262.4
Total assets 22,202.1 22,213.8
Current liabilities    
Notes payable 0.8 1.0
Current installments of long-term debt 923.8 20.6
Accounts payable 1,357.4 1,252.1
Accrued payroll 133.6 173.2
Other accrued liabilities 711.5 690.6
Total current liabilities 3,127.1 2,142.6
Senior long-term debt, excluding current installments 8,897.8 10,459.8
Subordinated debt 195.9 195.9
Other noncurrent liabilities 2,117.4 1,951.8
Total liabilities 14,338.2 14,750.1
Common stockholders' equity    
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229 2,921.2 2,921.2
Additional paid-in capital 2,293.0 2,286.0
Retained earnings 5,375.2 5,047.9
Accumulated other comprehensive loss (72.0) (110.3)
Less treasury stock, at cost, 97,142,924 and 98,133,747 common shares (2,732.4) (2,760.2)
Total Conagra Brands, Inc. common stockholders' equity 7,785.0 7,384.6
Noncontrolling interests 78.9 79.1
Total stockholders' equity 7,863.9 7,463.7
Total liabilities and stockholders' equity 22,202.1 22,213.8
Held-for-sale, not discontinued operations    
Current assets    
Current assets held for sale 4.7 9.9
Noncurrent assets held for sale $ 3.1 43.9
Current liabilities    
Current liabilities held for sale   $ 5.1