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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 30, 2020
May 31, 2020
Current assets    
Cash and cash equivalents $ 438.2 $ 553.3
Receivables, less allowance for doubtful accounts of $2.5 and $2.6 807.8 860.8
Inventories 1,579.6 1,376.6
Prepaid expenses and other current assets 108.4 93.9
Current assets held for sale 1.1 1.3
Total current assets 2,935.1 2,885.9
Property, plant and equipment 5,310.8 5,189.9
Less accumulated depreciation (2,880.1) (2,800.3)
Property, plant and equipment, net 2,430.7 2,389.6
Goodwill 11,439.6 11,433.9
Brands, trademarks and other intangibles, net 4,302.9 4,315.5
Other assets 1,263.3 1,273.4
Noncurrent assets held for sale 5.7 5.7
Total assets 22,377.3 22,304.0
Current liabilities    
Notes payable 0.6 1.1
Current installments of long-term debt 718.6 845.5
Accounts payable 1,523.3 1,525.6
Accrued payroll 110.4 189.4
Other accrued liabilities 749.0 725.8
Total current liabilities 3,101.9 3,287.4
Senior long-term debt, excluding current installments 8,897.6 8,900.8
Other noncurrent liabilities 2,178.8 2,165.1
Total liabilities 14,178.3 14,353.3
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 2,297.8 2,323.2
Retained earnings 5,694.6 5,471.2
Accumulated other comprehensive loss (95.8) (109.6)
Less treasury stock, at cost, 95,701,156 and 97,057,311 common shares (2,696.4) (2,729.9)
Total Conagra Brands, Inc. common stockholders' equity 8,121.4 7,876.1
Noncontrolling interests 77.6 74.6
Total stockholders' equity 8,199.0 7,950.7
Total liabilities and stockholders' equity $ 22,377.3 $ 22,304.0