Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
Nov. 28, 2021	Nov. 29, 2020
Cash flows from operating activities:
Net income	$ 511.6	$ 709.3
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	193.5	193.0
Asset impairment charges	41.6	3.9
Loss on extinguishment of debt	0.0	44.3
Gain on divestiture	0.0	(5.3)
Equity method investment earnings in excess of distributions	(24.2)	(8.4)
Stock-settled share-based payments expense	14.3	30.9
Contributions to pension plans	(4.9)	(20.7)
Pension benefit	(25.5)	(19.1)
Other items	(14.5)	14.2
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:
Receivables	(183.3)	(88.3)
Inventories	(148.4)	(247.2)
Deferred income taxes and income taxes payable, net	(13.9)	(39.9)
Prepaid expenses and other current assets	(10.4)	(39.8)
Accounts payable	(14.1)	111.2
Accrued payroll	(60.6)	(58.0)
Other accrued liabilities	0.9	(67.9)
Deferred employer payroll taxes	0.0	29.2
Net cash flows from operating activities	262.1	541.4
Cash flows from investing activities:
Additions to property, plant and equipment	(257.5)	(282.0)
Sale of property, plant and equipment	9.9	1.0
Purchase of marketable securities	(1.9)	(4.1)
Sale of marketable securities	1.9	6.0
Proceeds from divestitures	0.1	8.6
Other items	3.3	0.0
Net cash flows from investing activities	(244.2)	(270.5)
Cash flows from financing activities:
Issuance of short-term borrowings, maturities greater than 90 days	392.6	298.6
Repayment of short-term borrowings, maturities greater than 90 days	(249.8)	0.0
Net issuance (repayment) of other short-term borrowings	(264.4)	68.9
Issuance of long-term debt	499.1	988.2
Repayment of long-term debt	(29.4)	(1,881.7)
Debt issuance costs	(2.5)	(5.4)
Repurchase of Conagra Brands, Inc. common shares	(50.0)	0.0
Payment of intangible asset financing arrangement	(12.6)	(12.9)
Cash dividends paid	(282.0)	(207.3)
Exercise of stock options and issuance of other stock awards, including tax withholdings	(17.4)	(8.4)
Other items	(7.3)	0.0
Net cash flows from financing activities	(23.7)	(760.0)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(5.7)	3.8
Net change in cash and cash equivalents and restricted cash	(11.5)	(485.3)
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	$ 68.7	$ 69.0

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