RESTRUCTURING ACTIVITIES (Tables)

6 Months Ended

Nov. 28, 2021

Pinnacle Integration Restructuring Plan

Restructuring Cost And Reserve [Line Items]

Schedule of Pre-Tax Expenses in Association with the Restructuring Plan

We anticipate that we will recognize the following pre-tax expenses in association with the Pinnacle Integration Restructuring Plan (amounts include charges recognized from plan inception through the second quarter of fiscal 2022):

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	5.2	$	4.6	$	—	$	—	$	9.8
Other cost of goods sold		3.8		6.6		0.7		—		11.1
Total cost of goods sold		9.0		11.2		0.7		—		20.9
Severance and related costs		—		3.9		1.5		112.2		117.6
Asset impairment (net of gains on disposal)		27.8		4.1		—		2.5		34.4
Accelerated depreciation		—		—		—		7.4		7.4
Contract/lease termination		6.5		3.7		0.8		16.1		27.1
Consulting/professional fees		1.0		—		0.8		105.9		107.7
Other selling, general and administrative expenses		5.7		4.7		0.3		20.7		31.4
Total selling, general and administrative expenses		41.0		16.4		3.4		264.8		325.6
Consolidated total	$	50.0	$	27.6	$	4.1	$	264.8	$	346.5

During the second quarter of fiscal 2022, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen		Corporate			Total
Other cost of goods sold	$	—	$	1.4	$	—		$	1.4
Total cost of goods sold		—		1.4		—			1.4
Severance and related costs		—		0.4		—			0.4
Asset impairment (net of gains on disposal)		—		0.1		(0.1	)		—
Consulting/professional fees		0.1		—		2.7			2.8
Other selling, general and administrative expenses		—		0.2		1.0			1.2
Total selling, general and administrative expenses		0.1		0.7		3.6			4.4
Consolidated total	$	0.1	$	2.1	$	3.6		$	5.8

During the first half of fiscal 2022, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen		Corporate			Total
Other cost of goods sold	$	—	$	1.5	$	—		$	1.5
Total cost of goods sold		—		1.5		—			1.5
Severance and related costs		—		0.4		(0.2	)		0.2
Asset impairment (net of gains on disposal)		—		0.1		(0.1	)		—
Contract/lease termination		—		—		0.2			0.2
Consulting/professional fees		0.2		—		8.4			8.6
Other selling, general and administrative expenses		0.1		1.0		1.5			2.6
Total selling, general and administrative expenses		0.3		1.5		9.8			11.6
Consolidated total	$	0.3	$	3.0	$	9.8		$	13.1

We recognized the following cumulative (plan inception to November 28, 2021) pre-tax expenses for the Pinnacle Integration Restructuring Plan in our Condensed Consolidated Statement of Earnings:

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	0.6	$	4.6	$	—	$	—	$	5.2
Other cost of goods sold		2.3		4.4		0.7		—		7.4
Total cost of goods sold		2.9		9.0		0.7		—		12.6
Severance and related costs		—		3.8		1.5		112.2		117.5
Asset impairment (net of gains on disposal)		0.3		4.1		—		2.5		6.9
Accelerated depreciation		—		—		—		7.4		7.4
Contract/lease termination		1.8		—		0.8		16.1		18.7
Consulting/professional fees		0.9		—		0.8		97.9		99.6
Other selling, general and administrative expenses		2.9		2.1		0.3		18.8		24.1
Total selling, general and administrative expenses		5.9		10.0		3.4		254.9		274.2
Consolidated total	$	8.8	$	19.0	$	4.1	$	254.9	$	286.8

Schedule of Liabilities Recorded for the Restructuring Plan

Liabilities recorded for the Pinnacle Integration Restructuring Plan and changes therein for the first half of fiscal 2022 were as follows:

	Balance at May 30, 2021		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates		Balance at November 28, 2021
Severance and related costs	$	5.1	$	0.2	$	(1.4	)	$	—	$	3.9
Contract/lease termination		—		0.2		(0.2	)		—		—
Consulting/professional fees		3.9		8.6		(11.5	)		—		1.0
Other costs		—		2.9		(2.9	)		—		—
Total	$	9.0	$	11.9	$	(16.0	)	$	—	$	4.9

Conagra Restructuring Plan

Restructuring Cost And Reserve [Line Items]

Schedule of Pre-Tax Expenses in Association with the Restructuring Plan

We anticipate that we will recognize the following pre-tax expenses in association with the Conagra Restructuring Plan (amounts include charges recognized from plan inception through the second quarter of fiscal 2022):

	Grocery & Snacks		Refrigerated & Frozen		International		Foodservice		Corporate		Total
Accelerated depreciation	$	33.2	$	39.2	$	—	$	—	$	—	$	72.4
Other cost of goods sold		9.1		3.8		—		—		—		12.9
Total cost of goods sold		42.3		43.0		—		—		—		85.3
Severance and related costs		11.7		1.1		1.1		0.3		2.2		16.4
Asset impairment (net of gains on disposal)		23.3		0.4		0.1		—		—		23.8
Contract/lease termination		0.1		2.6		—		—		0.1		2.8
Consulting/professional fees		—		—		—		—		0.9		0.9
Other selling, general and administrative expenses		10.3		2.9		—		—		0.4		13.6
Total selling, general and administrative expenses		45.4		7.0		1.2		0.3		3.6		57.5
Total	$	87.7	$	50.0	$	1.2	$	0.3	$	3.6	$	142.8
Pension and postretirement non-service income												0.6
Consolidated total											$	143.4

During the second quarter of fiscal 2022, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:

	Grocery & Snacks			Refrigerated & Frozen		Corporate			Total
Accelerated depreciation	$	0.2		$	4.5	$	—		$	4.7
Other cost of goods sold		3.7			0.1		—			3.8
Total cost of goods sold		3.9			4.6		—			8.5
Severance and related costs		(0.4	)		—		(0.1	)		(0.5	)
Asset impairment (net of gains on disposal)		(3.6	)		0.1		—			(3.5	)
Contract/lease termination		0.1			—		—			0.1
Other selling, general and administrative expenses		1.9			—		0.1			2.0
Total selling, general and administrative expenses		(2.0	)		0.1		—			(1.9	)
Total	$	1.9		$	4.7	$	—		$	6.6

During the first half of fiscal 2022, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:

	Grocery & Snacks			Refrigerated & Frozen			Foodservice		Corporate		Total
Accelerated depreciation	$	1.2		$	9.8		$	—	$	—	$	11.0
Other cost of goods sold		3.7			0.1			—		—		3.8
Total cost of goods sold		4.9			9.9			—		—		14.8
Severance and related costs		1.3			(1.2	)		0.3		0.1		0.5
Asset impairment (net of gains on disposal)		(3.8	)		0.1			—		—		(3.7	)
Contract/lease termination		0.1			—			—		—		0.1
Other selling, general and administrative expenses		3.3			—			—		0.1		3.4
Total selling, general and administrative expenses		0.9			(1.1	)		0.3		0.2		0.3
Total	$	5.8		$	8.8		$	0.3	$	0.2	$	15.1

We recognized the following cumulative (plan inception to November 28, 2021) pre-tax expenses for the Conagra Restructuring Plan in our Condensed Consolidated Statement of Earnings:

	Grocery & Snacks		Refrigerated & Frozen		International		Foodservice		Corporate		Total
Accelerated depreciation	$	33.2	$	36.5	$	—	$	—	$	—	$	69.7
Other cost of goods sold		8.5		0.3		—		—		—		8.8
Total cost of goods sold		41.7		36.8		—		—		—		78.5
Severance and related costs		11.7		0.6		1.1		0.3		2.2		15.9
Asset impairment (net of gains on disposal)		23.3		0.4		0.1		—		—		23.8
Contract/lease termination		0.1		—		—		—		0.1		0.2
Other selling, general and administrative expenses		8.3		0.3		—		—		0.3		8.9
Total selling, general and administrative expenses		43.4		1.3		1.2		0.3		2.6		48.8
Total	$	85.1	$	38.1	$	1.2	$	0.3	$	2.6	$	127.3
Pension and postretirement non-service income												0.6
Consolidated total											$	127.9

Schedule of Liabilities Recorded for the Restructuring Plan

Liabilities recorded for the Conagra Restructuring Plan and changes therein for the first half of fiscal 2022 were as follows:

	Balance at May 30, 2021		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at November 28, 2021
Severance and related costs	$	9.7	$	2.8	$	(6.3	)	$	(2.3	)	$	3.9
Contract/lease termination		—		0.1		(0.1	)		—			—
Other costs		—		4.0		(2.6	)		—			1.4
Total	$	9.7	$	6.9	$	(9.0	)	$	(2.3	)	$	5.3