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Note 13 - Stockholders' Equity (Tables)
3 Months Ended
Aug. 28, 2022
Notes Tables  
Schedule of Stockholders Equity [Table Text Block]
  

Conagra Brands, Inc. Stockholders' Equity

         
  

Common Shares

  

Common Stock

  

Additional Paid-in Capital

  

Retained Earnings

  

Accumulated Other Comprehensive Loss

  

Treasury Stock

  

Noncontrolling Interests

  

Total Equity

 

Balance at May 29, 2022

  584.2  $2,921.2   2,324.6  $6,550.7  $(11.2) $(2,997.6) $74.5  $8,862.2 

Stock option and incentive plans

         (1.6)  0.2      16.3      14.9 

Currency translation adjustments

               (11.5)     (2.1)  (13.6)

Repurchase of common shares

                  (50.0)     (50.0)

Derivative adjustments

               (2.1)        (2.1)

Pension and postretirement healthcare benefits

               1.4         1.4 

Dividends declared on common stock; $0.33 per share

            (158.6)           (158.6)

Net income (loss) attributable to Conagra Brands, Inc.

            (77.5)           (77.5)

Balance at August 28, 2022

  584.2  $2,921.2  $2,323.0  $6,314.8  $(23.4) $(3,031.3) $72.4  $8,576.7 
  

Conagra Brands, Inc. Stockholders' Equity

         
  

Common Shares

  

Common Stock

  

Additional Paid-in Capital

  

Retained Earnings

  

Accumulated Other Comprehensive Income (Loss)

  

Treasury Stock

  

Noncontrolling Interests

  

Total Equity

 

Balance at May 30, 2021

  584.2  $2,921.2  $2,342.1  $6,262.6  $5.8  $(2,979.9) $79.6  $8,631.4 

Stock option and incentive plans

         (37.1)  0.2      21.8   0.3   (14.8)

Currency translation adjustments

               (14.4)     (1.3)  (15.7)

Repurchase of common shares

                  (50.0)     (50.0)

Derivative adjustments

               (2.1)        (2.1)

Activities of noncontrolling interests

                     0.3   0.3 

Pension and postretirement healthcare benefits

               1.3         1.3 

Dividends declared on common stock; $0.3125 per share

            (149.9)           (149.9)

Net income attributable to Conagra Brands, Inc.

            235.4            235.4 

Balance at August 29, 2021

  584.2  $2,921.2  $2,305.0  $6,348.3  $(9.4) $(3,008.1) $78.9  $8,635.9 
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
   

August 28, 2022

   

May 29, 2022

 

Currency translation losses, net of reclassification adjustments

  $ (106.6 )   $ (95.1 )

Derivative adjustments, net of reclassification adjustments

    27.7       29.8  

Pension and postretirement benefit obligations, net of reclassification adjustments

    55.5       54.1  

Accumulated other comprehensive loss

  $ (23.4 )   $ (11.2 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
   

Thirteen Weeks Ended

 

Affected Line Item in the Condensed Consolidated Statement of Operations1

   

August 28, 2022

   

August 29, 2021

   

Net derivative adjustments:

                 

Cash flow hedges

  $ (0.8 )   $ (0.8 )

Interest expense, net

Cash flow hedges

    0.2       0.5  

Equity method investment earnings

      (0.6 )     (0.3 )

Total before tax

      0.2       0.1  

Income tax expense

    $ (0.4 )   $ (0.2 )

Net of tax

Pension and postretirement liabilities:

                 

Net actuarial gain

  $ (1.1 )   $ (0.8 )

Pension and postretirement non-service income

      (1.1 )     (0.8 )

Total before tax

      0.4       0.2  

Income tax expense

    $ (0.7 )   $ (0.6 )

Net of tax