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Consolidated Balance Sheets - USD ($)
$ in Millions
May 30, 2021
May 31, 2020
Current assets    
Cash and cash equivalents $ 79.2 $ 553.3
Receivables, less allowance for doubtful accounts of $3.2 and $2.6 793.9 860.8
Inventories 1,734.0 1,364.8
Prepaid expenses and other current assets 95.0 93.9
Current assets held for sale   13.1
Total current assets 2,702.1 2,885.9
Property, plant and equipment    
Land and land improvements 156.5 139.2
Buildings, machinery and equipment 4,492.7 4,088.6
Furniture, fixtures, office equipment and other 674.4 656.2
Construction in progress 301.1 243.8
Property, plant and equipment 5,624.7 5,127.8
Less accumulated depreciation (3,016.2) (2,762.4)
Property, plant and equipment, net 2,608.5 2,365.4
Goodwill 11,373.5 11,361.5
Brands, trademarks and other intangibles, net 4,157.6 4,302.4
Other assets 1,349.3 1,273.4
Noncurrent assets held for sale 4.6 115.4
Total assets 22,195.6 22,304.0
Current liabilities    
Notes payable 707.4 1.1
Current installments of long-term debt 23.1 845.5
Accounts payable 1,655.9 1,507.1
Accrued payroll 175.2 189.4
Other accrued liabilities 744.6 725.8
Total current liabilities 3,306.2 3,287.4
Senior long-term debt, excluding current installments 8,275.2 8,900.8
Other noncurrent liabilities 1,982.8 2,165.1
Total liabilities 13,564.2 14,353.3
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 2,342.1 2,323.2
Retained earnings 6,262.6 5,471.2
Accumulated other comprehensive income (loss) 5.8 (109.6)
Less treasury stock, at cost, 103,934,839 and 97,057,311 common shares (2,979.9) (2,729.9)
Total Conagra Brands, Inc. common stockholders' equity 8,551.8 7,876.1
Noncontrolling interests 79.6 74.6
Total stockholders' equity 8,631.4 7,950.7
Total liabilities and stockholders' equity $ 22,195.6 22,304.0
Held-for-sale, not discontinued operations    
Current liabilities    
Current liabilities held for sale   $ 18.5