XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Nov. 23, 2025
Nov. 24, 2024
Cash flows from operating activities:    
Net income (loss) $ (499.1) $ 751.4
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 192.3 196.6
Asset impairment charges 975.0 87.6
Loss (gain) on divestitures (42.2) 2.3
Equity method investment earnings in excess of distributions (3.3) (28.9)
Stock-settled share-based payments expense 33.1 29.8
Contributions to pension plans (5.3) (5.9)
Pension benefit (7.9) (1.5)
Other items (16.3) (0.2)
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:    
Receivables (137.5) 15.4
Inventories (149.5) (73.8)
Deferred income taxes and income taxes payable, net 27.0 (206.4)
Prepaid expenses and other current assets (58.0) (40.4)
Accounts and other payables 6.9 97.3
Accrued payroll (14.9) (66.2)
Other accrued liabilities 67.6 15.4
Litigation receivables, net of recoveries 75.5 5.7
Litigation accruals, net of payments (112.2) (24.0)
Net cash flows from operating activities 331.2 754.2
Cash flows from investing activities:    
Additions to property, plant and equipment (218.6) (215.4)
Sale of property, plant and equipment 37.8 2.7
Purchase of businesses, net of cash acquired   (230.6)
Proceeds from divestitures, net of cash divested 648.9 76.8
Other items (0.9) 0.5
Net cash flows from investing activities 467.2 (366.0)
Cash flows from financing activities:    
Issuance of short-term borrowings, maturities greater than 90 days 62.1 70.6
Repayment of short-term borrowings, maturities greater than 90 days (567.5) (66.3)
Net issuance of other short-term borrowings, maturities less than or equal to 90 days 88.7 260.1
Issuance of long-term debt 1,000.0  
Repayment of long-term debt (1,022.3) (270.2)
Debt issuance costs (11.7)  
Repurchase of Conagra Brands, Inc. common shares (15.3) (64.0)
Cash dividends paid (334.8) (335.1)
Exercise of stock options and issuance of other stock awards, including tax withholdings (18.9) (20.1)
Other items (0.2) (0.2)
Net cash flows from financing activities (819.9) (425.2)
Effect of exchange rate changes on cash and cash equivalents 0.1 (4.6)
Net change in cash and cash equivalents, including cash balances classified as assets held for sale (21.4) (41.6)
Less: Net change in cash balances classified as assets held for sale   (1.3)
Net change in cash and cash equivalents (21.4) (40.3)
Cash and cash equivalents at beginning of period 68.0 77.7
Cash and cash equivalents at end of period $ 46.6 $ 37.4