Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
Aug. 29, 2021	Aug. 30, 2020
Cash flows from operating activities:
Net income	$ 235.7	$ 329.8
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	96.5	95.2
Asset impairment charges	0.7	3.4
Equity method investment earnings less than (in excess of) distributions	(7.4)	4.0
Stock-settled share-based payments expense	2.6	16.5
Contributions to pension plans	(2.9)	(5.9)
Pension benefit	(12.4)	(9.6)
Other items	1.4	24.3
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:
Receivables	(40.5)	52.4
Inventories	(220.7)	(202.8)
Deferred income taxes and income taxes payable, net	57.6	15.6
Prepaid expenses and other current assets	(19.8)	(16.7)
Accounts payable	64.8	20.8
Accrued payroll	(69.5)	(79.1)
Other accrued liabilities	53.7	36.6
Net cash flows from operating activities	139.8	284.5
Cash flows from investing activities:
Additions to property, plant and equipment	(154.9)	(145.5)
Sale of property, plant and equipment	1.9	0.6
Purchase of marketable securities	(1.9)	(1.5)
Sale of marketable securities	0.0	3.4
Other items	0.0	0.1
Net cash flows from investing activities	(154.9)	(142.9)
Cash flows from financing activities:
Issuances of commercial paper, maturities greater than 90 days	249.8	0.0
Net repayments of other short-term borrowings	(498.6)	(0.5)
Issuance of long-term debt	499.1	0.0
Repayment of long-term debt	(23.7)	(133.4)
Debt issuance costs	(1.9)	0.0
Repurchase of Conagra Brands, Inc. common shares	(50.0)	0.0
Payment of intangible asset financing arrangement	(12.6)	(12.9)
Cash dividends paid	(132.1)	(103.5)
Exercise of stock options and issuance of other stock awards, including tax withholdings	(17.6)	(9.3)
Other items	(6.9)	0.0
Net cash flows from financing activities	5.5	(259.6)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(2.6)	2.9
Net change in cash and cash equivalents and restricted cash	(12.2)	(115.1)
Cash and cash equivalents and restricted cash at beginning of period	80.2	554.3
Cash and cash equivalents and restricted cash at end of period	$ 68.0	$ 439.2

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