PENSION AND OTHER POST-RETIREMENT BENEFITS (Tables)

6 Months Ended

Nov. 27, 2016

PENSION AND OTHER POST-RETIREMENT BENEFITS

Schedule of components of net periodic benefit cost for our pension and postretirement benefit plans

			Postretirement
	Pension Plan		Plans
Service cost	$	0.4	$	—
Interest cost		—		—
Expected return on plan assets		—		—
Net amortization of unrecognized amounts		—		—
Prior service cost		—		—
Actuarial loss		—		—
Net periodic benefit cost	$	0.4	$	—

Schedule of Pension costs incurred included in the Condensed Combined and Consolidated statements of earnings

Allocated pension costs (benefits) incurred by Conagra prior to November 9, 2016 and pension costs recognized after the Separation Date are included in the Condensed Combined and Consolidated Statements of Earnings as follows (dollars in millions):

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	November 27,		November 29,		November 27,		November 29,
	2016		2015		2016		2015
Cost of sales (a)	$	2.6	$	3.0	$	5.5	$	6.0
Selling, general and administrative expenses (a)		(2.8)		(1.4)		(5.5)		(2.8)
Total	$	(0.2)	$	1.6	$	—	$	3.2

(a) Pension, service and interest costs are allocated to operations as reflected in cost of sales above. Expected returns on pension assets are not allocated to operations and are reflected in “Selling, general and administrative expenses” in the Condensed Combined and Consolidated Statements of Earnings.