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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Aug. 28, 2016
Aug. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ 190.0 $ (1,152.4)
Income (loss) from discontinued operations 1.5 (1,319.8)
Income from continuing operations 188.5 167.4
Adjustments to reconcile income from continuing operations to net cash flows from operating activities:    
Depreciation and amortization 92.7 91.7
Asset impairment charges 164.1 0.6
Gain on divestitures (198.2) 0.0
Earnings of affiliates in excess of distributions (9.1) (33.9)
Share-based payments expense 8.6 9.2
Contributions to pension plans (3.0) (2.7)
Pension benefit (6.5) 0.0
Other items 9.0 (2.1)
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:    
Accounts receivable (9.2) (63.9)
Inventory (58.7) (113.1)
Deferred income taxes and income taxes payable, net 220.0 4.1
Prepaid expenses and other current assets 15.9 11.0
Accounts payable 72.1 51.8
Accrued payroll (146.0) (55.3)
Other accrued liabilities (3.3) (0.9)
Net cash flows from operating activities — continuing operations 336.9 63.9
Net cash flows from operating activities — discontinued operations (11.0) 29.2
Net cash flows from operating activities 325.9 93.1
Cash flows from investing activities:    
Additions to property, plant and equipment (117.4) (101.6)
Sale of property, plant and equipment 3.0 12.9
Proceeds from divestitures 486.3 0.0
Purchase of intangible assets 0.0 (10.4)
Net cash flows from investing activities — continuing operations 371.9 (99.1)
Net cash flows from investing activities — discontinued operations 0.0 (26.4)
Net cash flows from investing activities 371.9 (125.5)
Cash flows from financing activities:    
Net short-term borrowings (3.7) 5.2
Repayment of long-term debt (554.2) (2.5)
Payment of intangible asset financing arrangement (14.9) 0.0
Repurchase of ConAgra Foods, Inc. common shares (85.6) 0.0
Cash dividends paid (109.5) (107.1)
Exercise of stock options and issuance of other stock awards 32.6 93.6
Other items (2.4) (1.4)
Net cash flows from financing activities — continuing operations (737.7) (12.2)
Net cash flows from financing activities — discontinued operations 0.0 0.0
Net cash flows from financing activities (737.7) (12.2)
Effect of exchange rate changes on cash and cash equivalents 0.0 (1.6)
Net change in cash and cash equivalents (39.9) (46.2)
Discontinued operations cash activity included above:    
Add: Cash balance included in assets held for sale at beginning of period 0.0 18.4
Less: Cash balance included in assets held for sale at end of period 0.0 22.6
Cash and cash equivalents at beginning of period 834.5 164.7
Cash and cash equivalents at end of period $ 794.6 $ 114.3