XML 22 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
May 28, 2017
May 29, 2016
Current assets    
Cash and cash equivalents $ 251.4 $ 798.1
Receivables, less allowance for doubtful accounts of $3.1 and $3.2 563.4 650.1
Inventories 934.2 1,044.1
Prepaid expenses and other current assets 228.7 148.6
Total current assets 2,013.2 3,576.7
Property, plant and equipment    
Land and land improvements 111.8 106.9
Buildings, machinery and equipment 3,313.1 3,207.4
Furniture, fixtures, office equipment and other 752.0 748.7
Construction in progress 124.9 136.4
Property, plant and equipment 4,301.8 4,199.4
Less accumulated depreciation (2,636.9) (2,501.6)
Property, plant and equipment, net 1,664.9 1,697.8
Goodwill 4,298.3 4,318.9
Brands, trademarks and other intangibles, net 1,232.9 1,223.3
Other assets 790.6 905.5
Total assets 10,096.3 13,390.6
Current liabilities    
Notes payable 28.2 13.9
Current installments of long-term debt 199.0 559.4
Accounts payable 773.1 706.7
Accrued payroll 167.6 220.8
Other accrued liabilities 552.6 567.7
Total current liabilities 1,720.5 2,532.4
Senior long-term debt, excluding current installments 2,573.3 4,685.5
Subordinated debt 195.9 195.9
Other noncurrent liabilities 1,528.8 1,875.7
Total liabilities 6,018.5 9,595.8
Commitments and contingencies (Note 17)
Common stockholders' equity    
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 567,907,172 2,839.7 2,839.7
Additional paid-in capital 1,171.9 1,136.3
Retained earnings 4,247.0 3,218.3
Accumulated other comprehensive loss (212.9) (344.5)
Less treasury stock, at cost, 151,387,209 and 129,842,206 common shares (4,054.9) (3,136.2)
Total Conagra Brands, Inc. common stockholders' equity 3,990.8 3,713.6
Noncontrolling interests 87.0 81.2
Total stockholders' equity 4,077.8 3,794.8
Total liabilities and stockholders' equity 10,096.3 13,390.6
Discontinued operations    
Current assets    
Current assets 0.0 779.7
Property, plant and equipment    
Noncurrent assets 0.0 1,339.3
Current liabilities    
Current liabilities held for sale 0.0 409.2
Noncurrent liabilities 0.0 304.8
Held for sale    
Current assets    
Current assets 35.5 156.1
Property, plant and equipment    
Noncurrent assets 96.4 329.1
Current liabilities    
Current liabilities held for sale 0.0 54.7
Noncurrent liabilities $ 0.0 $ 1.5