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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Aug. 28, 2022
Aug. 29, 2021
Cash flows from operating activities:    
Net income (loss) $ (77.5) $ 235.7
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 93.0 96.5
Asset impairment charges 412.8 0.7
Equity method investment earnings in excess of distributions (27.8) (7.4)
Stock-settled share-based payments expense 23.0 2.6
Contributions to pension plans (3.0) (2.9)
Pension benefit (3.5) (12.4)
Other items (2.4) 1.4
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:    
Receivables 78.7 (40.5)
Inventories (289.7) (220.7)
Deferred income taxes and income taxes payable, net 3.8 57.6
Prepaid expenses and other current assets (17.4) (19.8)
Accounts payable 39.4 64.8
Accrued payroll (46.4) (69.5)
Other accrued liabilities 80.7 53.7
Net cash flows from operating activities 263.7 139.8
Cash flows from investing activities:    
Additions to property, plant and equipment (125.4) (154.9)
Sale of property, plant and equipment 2.0 1.9
Purchase of marketable securities (0.5) (1.9)
Sale of marketable securities 0.5 0.0
Net cash flows from investing activities (123.4) (154.9)
Cash flows from financing activities:    
Issuance of short-term borrowings, maturities greater than 90 days 0.0 249.8
Net (repayment) issuance of other short-term borrowings 69.1 (498.6)
Issuance of long-term debt 0.0 499.1
Repayment of long-term debt (10.7) (23.7)
Debt issuance costs (4.0) (1.9)
Repurchase of Conagra Brands, Inc. common shares (50.0) (50.0)
Payment of intangible asset financing arrangement 0.0 (12.6)
Cash dividends paid (150.0) (132.1)
Exercise of stock options and issuance of other stock awards, including tax withholdings (8.3) (17.6)
Other items (0.5) (6.9)
Net cash flows from financing activities (154.4) 5.5
Effect of exchange rate changes on cash and cash equivalents and restricted cash (1.8) (2.6)
Net change in cash and cash equivalents and restricted cash (15.9) (12.2)
Cash and cash equivalents and restricted cash at beginning of period 83.3 80.2
Cash and cash equivalents and restricted cash at end of period $ 67.4 $ 68.0