REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Aug. 26, 2018

The adoption of ASC 606 had the following impact on segment net sales (in millions):


	Thirteen Weeks Ended August 26, 2018
	As Reported		Balances Without Adoption of ASC 606		Impact of Adoption Increase (Decrease)
Net sales:
Global	$	466.8	$	468.5	$	(1.7)
Foodservice		297.8		298.0		(0.2)
Retail		116.2		116.1		0.1
Other		34.1		34.8		(0.7)
Total net sales	$	914.9	$	917.4	$	(2.5)

. The impacts of the adoption of the new revenue standard on our consolidated financial statements were as follows (in millions):

Consolidated Statements of Earnings


	Thirteen Weeks Ended August 26, 2018
	As Reported		Balances Without Adoption of ASC 606		Impact of Adoption Increase (Decrease)
Net sales	$	914.9	$	917.4	$	(2.5)
Cost of sales		684.3		685.8		(1.5)
Income from operations		152.6		153.6		(1.0)
Income tax expense		34.3		34.6		(0.3)
Net income attributable to Lamb Weston Holdings, Inc.		107.8		108.5		(0.7)

Consolidated Balance Sheets


	As of August 26, 2018
	As Reported		Balances Without Adoption of ASC 606		Impact of Adoption Increase (Decrease)
Receivables, less allowance for doubtful accounts	$	331.1	$	246.9	$	84.2
Inventories		447.7		515.0		(67.3)
Deferred income taxes		109.9		106.0		3.9
Retained earnings		519.7		506.7		13.0

Consolidated Statements of Cash Flows


	Thirteen Weeks Ended August 26, 2018
	As Reported		Balances Without Adoption of ASC 606		Impact of Adoption Increase (Decrease)
Cash flows from operating activities
Net income	$	111.4	$	112.1	$	(0.7)
Deferred income taxes		13.9		14.1		(0.2)
Receivables		(18.6)		(21.0)		2.4
Inventories		33.2		34.7		(1.5)