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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 29, 2020
May 31, 2020
Current assets    
Cash and cash equivalents $ 68.0 $ 553.3
Receivables, less allowance for doubtful accounts of $2.8 and $2.6 948.5 860.8
Inventories 1,622.8 1,367.8
Prepaid expenses and other current assets 156.9 93.9
Current assets held for sale 1.5 10.1
Total current assets 2,797.7 2,885.9
Property, plant and equipment 5,425.3 5,193.1
Less accumulated depreciation (2,947.3) (2,800.4)
Property, plant and equipment, net 2,478.0 2,392.7
Goodwill 11,394.4 11,389.0
Brands, trademarks and other intangibles, net 4,277.8 4,305.1
Other assets 1,273.6 1,273.4
Noncurrent assets held for sale 55.2 57.9
Total assets 22,276.7 22,304.0
Current liabilities    
Notes payable 368.6 1.1
Current installments of long-term debt 618.4 845.5
Accounts payable 1,598.1 1,520.2
Accrued payroll 131.4 189.4
Other accrued liabilities 629.5 725.8
Current liabilities held for sale 5.4 5.4
Total current liabilities 3,351.4 3,287.4
Senior long-term debt, excluding current installments 8,279.7 8,900.8
Other noncurrent liabilities 2,176.1 2,165.1
Total liabilities 13,807.2 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 2,312.0 2,323.2
Retained earnings 5,938.7 5,471.2
Accumulated other comprehensive loss (85.1) (109.6)
Less treasury stock, at cost, 95,640,251 and 97,057,311 common shares (2,694.8) (2,729.9)
Total Conagra Brands, Inc. common stockholders' equity 8,392.0 7,876.1
Noncontrolling interests 77.5 74.6
Total stockholders' equity 8,469.5 7,950.7
Total liabilities and stockholders' equity $ 22,276.7 $ 22,304.0