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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 29, 2021
May 30, 2021
Current assets    
Cash and cash equivalents $ 67.0 $ 79.2
Receivables, less allowance for doubtful accounts of $3.2 834.4 793.9
Inventories 1,954.6 1,734.0
Prepaid expenses and other current assets 116.2 95.0
Total current assets 2,972.2 2,702.1
Property, plant and equipment 5,707.9 5,624.7
Less accumulated depreciation (3,061.7) (3,016.2)
Property, plant and equipment, net 2,646.2 2,608.5
Goodwill 11,369.2 11,373.5
Brands, trademarks and other intangibles, net 4,140.7 4,157.6
Other assets 1,407.0 1,349.3
Noncurrent assets held for sale 4.6 4.6
Total assets 22,539.9 22,195.6
Current liabilities    
Notes payable 458.6 707.4
Current installments of long-term debt 21.9 23.1
Accounts payable 1,674.4 1,655.9
Accrued payroll 105.6 175.2
Other accrued liabilities 829.8 744.6
Total current liabilities 3,090.3 3,306.2
Senior long-term debt, excluding current installments 8,779.6 8,275.2
Other noncurrent liabilities 2,034.1 1,982.8
Total liabilities 13,904.0 13,564.2
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 2,305.0 2,342.1
Retained earnings 6,348.3 6,262.6
Accumulated other comprehensive income (loss) (9.4) 5.8
Less treasury stock, at cost, 104,529,448 and 103,934,839 common shares (3,008.1) (2,979.9)
Total Conagra Brands, Inc. common stockholders' equity 8,557.0 8,551.8
Noncontrolling interests 78.9 79.6
Total stockholders' equity 8,635.9 8,631.4
Total liabilities and stockholders' equity $ 22,539.9 $ 22,195.6