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Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2020
May 26, 2019
Current assets    
Cash and cash equivalents $ 553.3 $ 236.6
Receivables, less allowance for doubtful accounts of $2.6 and $2.2 860.8 818.2
Inventories 1,377.9 1,548.9
Prepaid expenses and other current assets 93.9 93.4
Current assets held for sale   36.7
Total current assets 2,885.9 2,733.8
Property, plant and equipment    
Land and land improvements 145.3 141.7
Buildings, machinery and equipment 4,144.6 3,915.1
Furniture, fixtures, office equipment and other 656.2 677.5
Construction in progress 243.8 172.0
Property, plant and equipment 5,189.9 4,906.3
Less accumulated depreciation (2,800.3) (2,578.9)
Property, plant and equipment, net 2,389.6 2,327.4
Goodwill 11,436.3 11,435.4
Brands, trademarks and other intangibles, net 4,315.7 4,539.3
Other assets 1,273.4 915.5
Noncurrent assets held for sale 3.1 262.4
Total assets 22,304.0 22,213.8
Current liabilities    
Notes payable 1.1 1.0
Current installments of long-term debt 845.5 20.6
Accounts payable 1,525.6 1,252.1
Accrued payroll 189.4 173.2
Other accrued liabilities 725.8 690.6
Total current liabilities 3,287.4 2,142.6
Senior long-term debt, excluding current installments 8,900.8 10,459.8
Subordinated debt   195.9
Other noncurrent liabilities 2,165.1 1,951.8
Total liabilities 14,353.3 14,750.1
Commitments and contingencies (Note 16)
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 2,323.2 2,286.0
Retained earnings 5,471.2 5,047.9
Accumulated other comprehensive loss (109.6) (110.3)
Less treasury stock, at cost, 97,057,311 and 98,133,747 common shares (2,729.9) (2,760.2)
Total Conagra Brands, Inc. common stockholders' equity 7,876.1 7,384.6
Noncontrolling interests 74.6 79.1
Total stockholders' equity 7,950.7 7,463.7
Total liabilities and stockholders' equity $ 22,304.0 22,213.8
Held-for-sale, not discontinued operations    
Current assets    
Current assets held for sale   9.9
Property, plant and equipment    
Noncurrent assets held for sale   35.7
Current liabilities    
Current liabilities held for sale   $ 5.1