Lamb Weston BSW is a variable interest entity and we have determined that we are the primary beneficiary of the entity. We consolidate the financial statements of Lamb Weston BSW. The amounts presented for Lamb Weston BSW in the table below exclude intercompany balances eliminated in consolidation and include the non-controlling interest at redemption value as reported in the Condensed Combined and Consolidated Balance Sheets (dollars in millions):


	November 27,		May 29,
	2016		2016
Cash and equivalents	$	12.0	$	4.3
Receivables, less allowance for doubtful accounts (a)		0.1		0.1
Inventories		1.9		1.2
Prepaid expenses and other current assets		0.1		0.4
Property, plant and equipment, net		50.4		52.2
Goodwill		18.8		18.8
Intangible assets, net		4.8		5.2
Total assets	$	88.1	$	82.2
Notes payable	$	—	$	1.0
Current portion of long-term debt		1.2		0.5
Accounts payable		10.1		10.9
Accrued liabilities		2.5		1.7
Long-term debt, excluding current portion		28.8		29.5
Total liabilities	$	42.6	$	43.6
Redeemable noncontrolling interest (b)	$	50.0	$	47.4

(a)

As of November 27, 2016 and May 29, 2016, affiliate receivables of $22.2 million and $25.8 million are not included above as they are eliminated in consolidation.

Represents the amount that our joint venture partner, Ochoa, had the right to put its equity interest to Lamb Weston on November 27, 2016 and May 29, 2016.