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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
May 29, 2016
May 31, 2015
May 25, 2014
Cash flows from operating activities:      
Net income (loss) $ (665.9) $ (240.8) $ 315.1
Income (loss) from discontinued operations, net of tax (1,161.9) (1,001.1) (310.1)
Income from continuing operations 496.0 760.3 625.2
Adjustments to reconcile income from continuing operations to net cash flows from operating activities:      
Depreciation and amortization 373.9 380.4 354.6
Asset impairment charges 62.6 36.0 118.9
Lease cancellation expense 55.6 0.0 0.0
(Gain) loss on extinguishment of debt 23.9 24.6 (4.0)
Loss on sale of fixed assets 2.3 7.5 1.2
Earnings of affiliates less than (in excess of) distributions (59.5) (30.8) 13.6
Stock-settled share-based payments expense 45.1 35.8 44.8
Contributions to pension plans (11.5) (12.7) (18.3)
Pension expense (benefits) 374.4 (0.8) (0.9)
Other items 42.9 11.4 (19.5)
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:      
Receivables (171.9) 77.3 50.4
Inventories 55.4 (112.1) 7.3
Deferred income taxes and income taxes payable, net (290.6) 47.1 75.2
Prepaid expenses and other current assets 14.3 (11.4) 0.5
Accounts payable (111.0) (11.6) (3.2)
Accrued payroll 88.8 70.8 (93.8)
Other accrued liabilities 54.6 (56.4) (31.8)
Net cash flows from operating activities - continuing operations 1,045.3 1,215.4 1,120.2
Net cash flows from operating activities - discontinued operations 162.1 265.2 448.4
Net cash flows from operating activities 1,207.4 1,480.6 1,568.6
Cash flows from investing activities:      
Additions to property, plant and equipment (429.8) (351.2) (461.1)
Sale of property, plant and equipment 42.4 18.3 40.0
Purchase of businesses, net of cash acquired 0.0 (95.7) (39.9)
Purchase of intangible assets (10.4) 0.0 0.0
Return of investment in equity method investee 0.0 391.4 0.0
Other items 0.3 0.0 0.0
Net cash flows from investing activities - continuing operations (397.5) (37.2) (461.0)
Net cash flows from investing activities - discontinued operations 2,524.9 (4.4) (70.5)
Net cash flows from investing activities 2,127.4 (41.6) (531.5)
Cash flows from financing activities:      
Net short-term borrowings 30.9 (150.0) (43.2)
Issuance of long-term debt 30.0 550.0 0.0
Repayment of long-term debt (2,525.0) (1,493.5) (569.1)
Repurchase of ConAgra Foods, Inc. common shares 0.0 (50.0) (100.0)
Sale of ConAgra Foods, Inc. common shares 8.6 0.0 0.0
Cash dividends paid (432.5) (425.2) (420.9)
Exercise of stock options and issuance of other stock awards 260.2 153.8 103.7
Other items (8.4) (13.6) (4.5)
Net cash flows from financing activities - continuing operations (2,636.2) (1,428.5) (1,034.0)
Net cash flows from financing activities - discontinued operations (45.2) (1.7) (0.1)
Net cash flows from financing activities (2,681.4) (1,430.2) (1,034.1)
Effect of exchange rate changes on cash and cash equivalents (2.0) (8.8) (3.8)
Net change in cash and cash equivalents 651.4 0.0 (0.8)
Add: Cash balance included in assets held for sale at beginning of period 18.4 64.9 58.4
Less: Cash balance included in assets held for sale at end of period 0.0 18.4 64.9
Cash and cash equivalents at beginning of year 164.7 118.2 125.5
Cash and cash equivalents at end of year $ 834.5 $ 164.7 $ 118.2