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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Nov. 28, 2021
Equity [Abstract]  
Reconciliation of Stockholders' Equity Accounts

The following table presents a reconciliation of our stockholders' equity accounts for the twenty-six weeks ended November 28, 2021:

 

 

Conagra Brands, Inc. Stockholders' Equity

 

 

 

 

 

 

 

 

 

 

 

Common

Shares

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Retained

Earnings

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

Treasury

Stock

 

 

Noncontrolling

Interests

 

 

Total

Equity

 

Balance at May 30, 2021

 

 

584.2

 

 

$

2,921.2

 

 

$

2,342.1

 

 

$

6,262.6

 

 

$

5.8

 

 

$

(2,979.9

)

 

$

79.6

 

 

$

8,631.4

 

Stock option and incentive plans

 

 

 

 

 

 

 

 

 

 

(37.1

)

 

 

0.2

 

 

 

 

 

 

 

21.8

 

 

 

0.3

 

 

 

(14.8

)

Currency translation adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(14.4

)

 

 

 

 

 

 

(1.3

)

 

 

(15.7

)

Repurchase of common shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(50.0

)

 

 

 

 

 

 

(50.0

)

Derivative adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.1

)

 

 

 

 

 

 

 

 

 

 

(2.1

)

Activities of noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.3

 

 

 

0.3

 

Pension and postretirement healthcare benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.3

 

 

 

 

 

 

 

 

 

 

 

1.3

 

Dividends declared on common stock; $0.3125 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(149.9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(149.9

)

Net income attributable to Conagra Brands, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

235.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

235.4

 

Balance at August 29, 2021

 

 

584.2

 

 

$

2,921.2

 

 

$

2,305.0

 

 

$

6,348.3

 

 

$

(9.4

)

 

$

(3,008.1

)

 

$

78.9

 

 

$

8,635.9

 

Stock option and incentive plans

 

 

 

 

 

 

 

 

 

 

12.1

 

 

 

(0.6

)

 

 

 

 

 

 

0.3

 

 

0.1

 

 

 

11.9

 

Currency translation adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(16.2

)

 

 

 

 

 

 

(1.5

)

 

 

(17.7

)

Derivative adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.4

 

 

 

 

 

 

 

 

 

 

 

1.4

 

Activities of noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.4

 

 

 

0.4

 

Pension and postretirement healthcare benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.6

)

 

 

 

 

 

 

 

 

 

 

(0.6

)

Dividends declared on common stock; $0.3125 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(149.9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(149.9

)

Net income attributable to Conagra Brands, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

275.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

275.5

 

Balance at November 28, 2021

 

 

584.2

 

 

$

2,921.2

 

 

$

2,317.1

 

 

$

6,473.3

 

 

$

(24.8

)

 

$

(3,007.8

)

 

$

77.9

 

 

$

8,756.9

 

 

The following table presents a reconciliation of our stockholders' equity accounts for the twenty-six weeks ended November 29, 2020:

 

 

Conagra Brands, Inc. Stockholders' Equity

 

 

 

 

 

 

 

 

 

 

 

Common

Shares

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Retained

Earnings

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

Treasury

Stock

 

 

Noncontrolling

Interests

 

 

Total

Equity

 

Balance at May 31, 2020

 

 

584.2

 

 

$

2,921.2

 

 

$

2,323.2

 

 

$

5,471.2

 

 

$

(109.6

)

 

$

(2,729.9

)

 

$

74.6

 

 

$

7,950.7

 

Stock option and incentive plans

 

 

 

 

 

 

 

 

 

 

(25.4

)

 

 

(0.7

)

 

 

 

 

 

 

33.5

 

 

 

 

 

 

 

7.4

 

Adoption of ASU 2016-13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.1

)

Currency translation adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15.3

 

 

 

 

 

 

 

2.2

 

 

 

17.5

 

Derivative adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.2

)

 

 

 

 

 

 

 

 

 

 

(1.2

)

Activities of noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.8

 

 

 

0.8

 

Pension and postretirement healthcare benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.3

)

 

 

 

 

 

 

 

 

 

 

(0.3

)

Dividends declared on common stock; $0.2125 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(103.8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(103.8

)

Net income attributable to Conagra Brands, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

329.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

329.0

 

Balance at August 30, 2020

 

 

584.2

 

 

$

2,921.2

 

 

$

2,297.8

 

 

$

5,694.6

 

 

$

(95.8

)

 

$

(2,696.4

)

 

$

77.6

 

 

$

8,199.0

 

Stock option and incentive plans

 

 

 

 

 

 

 

 

 

 

14.2

 

 

 

(0.4

)

 

 

 

 

 

 

1.6

 

 

 

 

 

 

 

15.4

 

Currency translation adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.4

 

 

 

 

 

 

 

(0.7

)

 

 

10.7

 

Derivative adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.1

)

 

 

 

 

 

 

 

 

 

 

(0.1

)

Activities of noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.6

 

 

 

0.6

 

Pension and postretirement healthcare benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.6

)

 

 

 

 

 

 

 

 

 

 

(0.6

)

Dividends declared on common stock; $0.275 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(134.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(134.4

)

Net income attributable to Conagra Brands, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

378.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

378.9

 

Balance at November 29, 2020

 

 

584.2

 

 

$

2,921.2

 

 

$

2,312.0

 

 

$

5,938.7

 

 

$

(85.1

)

 

$

(2,694.8

)

 

$

77.5

 

 

$

8,469.5