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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Feb. 26, 2017
Feb. 28, 2016
Cash flows from operating activities:    
Net income (loss) $ 496.1 $ (786.8)
Income (loss) from discontinued operations 103.7 (1,031.9)
Income from continuing operations 392.4 245.1
Adjustments to reconcile income from continuing operations to net cash flows from operating activities:    
Depreciation and amortization 199.8 210.6
Asset impairment charges 221.9 8.4
Gain on divestitures (197.4) 0.0
Loss on extinguishment of debt 93.3 23.9
Lease cancellation expense 0.0 55.6
Earnings of affiliates in excess of distributions (21.6) (10.3)
Share-based payments expense 28.1 29.5
Contributions to pension plans (9.8) (9.3)
Pension expense (benefit) (16.2) 13.8
Other items 25.5 25.3
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:    
Accounts receivable 49.5 (99.3)
Inventory 35.0 (65.1)
Deferred income taxes and income taxes payable, net 135.6 (160.0)
Prepaid expenses and other current assets 8.2 8.2
Accounts payable 13.3 (104.6)
Accrued payroll (71.5) 24.2
Other accrued liabilities (82.6) 78.3
Net cash flows from operating activities — continuing operations 803.5 274.3
Net cash flows from operating activities — discontinued operations 43.0 464.3
Net cash flows from operating activities 846.5 738.6
Cash flows from investing activities:    
Additions to property, plant and equipment (158.5) (171.1)
Sale of property, plant and equipment 12.5 19.4
Proceeds from divestitures 489.0 0.0
Purchase of business and intangible assets (108.1) (10.4)
Other items 0.0 0.3
Net cash flows from investing activities — continuing operations 234.9 (161.8)
Net cash flows from investing activities — discontinued operations (123.7) 2,418.2
Net cash flows from investing activities 111.2 2,256.4
Cash flows from financing activities:    
Net short-term borrowings (10.1) 10.5
Repayment of long-term debt (1,062.3) (2,519.9)
Payment of intangible asset financing arrangement (14.9) 0.0
Repurchase of Conagra Brands, Inc. common shares (594.6) 0.0
Cash dividends paid (328.9) (323.5)
Exercise of stock options and issuance of other stock awards 66.6 164.6
Other Items (1.9) 0.0
Net cash flows from financing activities — continuing operations (1,946.1) (2,668.3)
Net cash flows from financing activities — discontinued operations 839.1 (4.7)
Net cash flows from financing activities (1,107.0) (2,673.0)
Effect of exchange rate changes on cash and cash equivalents (1.6) (2.5)
Net change in cash and cash equivalents (150.9) 319.5
Discontinued operations cash activity included above:    
Add: Cash balance included in assets held for sale and discontinued operations at beginning of period 36.4 49.0
Less: Cash balance included in assets held for sale and discontinued operations at end of period 0.0 36.6
Cash and cash equivalents at beginning of period 798.1 134.1
Cash and cash equivalents at end of period $ 683.6 $ 466.0