XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
May 31, 2020
May 26, 2019
May 27, 2018
Income Statement [Abstract]      
Net sales $ 11,054.4 $ 9,538.4 $ 7,938.3
Costs and expenses:      
Cost of goods sold 7,984.8 6,885.4 5,586.8
Selling, general and administrative expenses 1,622.5 1,473.4 1,398.4
Pension and postretirement non-service income (9.9) (35.1) (80.4)
Interest expense, net 487.1 391.4 158.7
Income from continuing operations before income taxes and equity method investment earnings 969.9 823.3 874.8
Income tax expense 201.3 218.8 174.6
Equity method investment earnings 73.2 75.8 97.3
Income from continuing operations 841.8 680.3 797.5
Income (loss) from discontinued operations, net of tax 0.0 (1.9) 14.3
Net income 841.8 678.4 811.8
Less: Net income attributable to noncontrolling interests 1.7 0.1 3.4
Net income attributable to Conagra Brands, Inc. $ 840.1 $ 678.3 $ 808.4
Earnings per share — basic      
Income from continuing operations attributable to Conagra Brands, Inc. common stockholders $ 1.72 $ 1.53 $ 1.97
Income from discontinued operations attributable to Conagra Brands, Inc. common stockholders 0 0 0.03
Net income attributable to Conagra Brands, Inc. common stockholders 1.72 1.53 2.00
Earnings per share — diluted      
Income from continuing operations attributable to Conagra Brands, Inc. common stockholders 1.72 1.53 1.95
Income (loss) from discontinued operations attributable to Conagra Brands, Inc. common stockholders 0 (0.01) 0.03
Net income attributable to Conagra Brands, Inc. common stockholders $ 1.72 $ 1.52 $ 1.98