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Condensed Combined and Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Aug. 27, 2017
Aug. 28, 2016
Cash flows from operating activities    
Net income $ 88.3 $ 83.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangibles and debt issuance costs 31.0 25.5
Stock-based compensation expense 3.5 2.7
Earnings of joint ventures in excess of distributions (7.1) (2.2)
Deferred income taxes 11.5 5.1
Other (7.8) (3.7)
Changes in operating assets and liabilities, net of acquisitions:    
Receivables (28.5) (24.0)
Inventories 30.7 24.6
Income taxes payable/receivable, net 3.4  
Prepaid expenses and other current assets 26.8 20.7
Accounts payable 12.9 15.7
Accrued liabilities (21.2) (32.5)
Net cash provided by operating activities 143.5 115.0
Cash flows from investing activities    
Additions to property, plant and equipment (104.4) (59.3)
Proceeds from sale of assets   1.0
Net cash used for investing activities (104.4) (58.3)
Cash flows from financing activities    
Proceeds (repayments) of short-term borrowings, net 10.2 (0.4)
Debt repayments (9.9) (0.6)
Net transfers to Conagra   (17.9)
Dividends paid (27.4)  
Cash distributions paid to noncontrolling interest (2.3) (2.5)
Other (1.1)  
Net cash used for financing activities (30.5) (21.4)
Effect of exchange rate changes on cash and cash equivalents 4.1 0.7
Net increase in cash and cash equivalents 12.7 36.0
Cash and cash equivalents, beginning of the period 57.1 36.4
Cash and cash equivalents, end of period $ 69.8 $ 72.4