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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Feb. 28, 2016
Feb. 22, 2015
Cash flows from operating activities:    
Net income (loss) $ (786.8) $ (452.3)
Loss from discontinued operations (1,307.9) (978.1)
Income from continuing operations 521.1 525.8
Adjustments to reconcile income from continuing operations to net cash flows from operating activities:    
Depreciation and amortization 281.7 283.8
Asset impairment charges 8.4 24.7
Lease cancellation expense 55.6 0.0
Loss on extinguishment of debt 23.9 24.6
Earnings of affiliates in excess of distributions (31.9) (56.7)
Share-based payments expense 54.3 42.9
Contributions to pension plans (9.3) (9.4)
Pension expense (benefit) 25.6 (6.9)
Other items 4.6 15.2
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:    
Accounts receivable (127.7) 18.9
Inventory (121.4) (245.0)
Deferred income taxes and income taxes payable, net (184.2) 26.6
Prepaid expenses and other current assets 1.8 (53.5)
Accounts payable (92.3) (25.2)
Accrued payroll 30.7 47.5
Other accrued liabilities 60.5 (35.5)
Net cash flows from operating activities — continuing operations 501.4 577.8
Net cash flows from operating activities — discontinued operations 193.7 162.7
Net cash flows from operating activities 695.1 740.5
Cash flows from investing activities:    
Additions to property, plant and equipment (279.7) (240.6)
Sale of property, plant and equipment 24.6 15.4
Purchase of business, net of cash acquired 0.0 (74.7)
Purchase of intangible assets (10.4) 0.0
Return of investment in equity method investee 0.0 391.4
Other items 0.3 0.0
Net cash flows from investing activities — continuing operations (265.2) 91.5
Net cash flows from investing activities — discontinued operations 2,521.6 40.7
Net cash flows from investing activities 2,256.4 132.2
Cash flows from financing activities:    
Net short-term borrowings 28.7 284.1
Issuance of long-term debt 30.0 550.0
Repayment of long-term debt (2,521.4) (1,491.2)
Repurchase of ConAgra Foods, Inc. common shares 0.0 (35.1)
Cash dividends paid (323.5) (318.2)
Exercise of stock options and issuance of other stock awards 208.1 113.8
Other items (6.2) (12.5)
Net cash flows from financing activities — continuing operations (2,584.3) (909.1)
Net cash flows from financing activities — discontinued operations (45.2) (1.7)
Net cash flows from financing activities (2,629.5) (910.8)
Effect of exchange rate changes on cash and cash equivalents (2.5) (7.7)
Net change in cash and cash equivalents 319.5 (45.8)
Discontinued operations cash activity included above:    
Add: Cash balance included in assets held for sale at beginning of period 18.4 64.9
Less: Cash balance included in assets held for sale at end of period 0.0 27.5
Cash and cash equivalents at beginning of period 164.7 118.2
Cash and cash equivalents at end of period $ 502.6 $ 109.8