Note 14 - Business Segments and Related Information (Tables)

9 Months Ended

Feb. 26, 2023

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	February 26, 2023			February 27, 2022			February 26, 2023			February 27, 2022
Net sales
Grocery & Snacks	$	1,243.7		$	1,199.0		$	3,781.9		$	3,538.6
Refrigerated & Frozen		1,307.7			1,238.6			3,936.8			3,626.3
International		259.7			241.2			751.9			740.0
Foodservice		275.4			234.9			833.1			721.0
Total net sales	$	3,086.5		$	2,913.7		$	9,303.7		$	8,625.9
Operating profit
Grocery & Snacks	$	256.4		$	231.5		$	847.2		$	696.6
Refrigerated & Frozen		263.6			158.0			297.6			483.9
International		37.1			29.9			100.9			101.1
Foodservice		23.8			4.7			53.5			38.8
Total operating profit	$	580.9		$	424.1		$	1,299.2		$	1,320.4
Equity method investment earnings		50.5			48.1			149.0			97.8
General corporate expense		90.9			64.9			280.9			188.5
Pension and postretirement non-service income		(6.0	)		(16.1	)		(18.2	)		(48.3	)
Interest expense, net		104.2			94.6			301.6			283.7
Income tax expense		100.1			109.9			237.0			263.8
Net income	$	342.2		$	218.9		$	646.9		$	730.5
Less: Net income attributable to noncontrolling interests		0.5			0.5			0.8			1.2
Net income attributable to Conagra Brands, Inc.	$	341.7		$	218.4		$	646.1		$	729.3

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	February 26, 2023		February 27, 2022		February 26, 2023		February 27, 2022
Frozen	$	1,101.2	$	1,061.8	$	3,267.1	$	3,055.3
Staples
Other shelf-stable		719.2		698.5		2,167.7		2,064.7
Refrigerated		206.5		176.8		669.7		571.0
Snacks		524.5		500.5		1,614.2		1,473.9
Foodservice		275.4		234.9		833.1		721.0
International		259.7		241.2		751.9		740.0
Total net sales	$	3,086.5	$	2,913.7	$	9,303.7	$	8,625.9

Allocation of Net Derivative Gains (Losses) from Economic Hedges to Operating Results of Reporting Segments [Table Text Block]

	Thirteen Weeks Ended					Thirty-Nine Weeks Ended
	February 26, 2023			February 27, 2022		February 26, 2023			February 27, 2022
Gross derivative gains (losses) incurred	$	(16.8	)	$	10.0	$	(2.1	)	$	27.2
Less: Net derivative gains allocated to reporting segments		5.9			8.1		22.5			21.9
Net derivative gains (losses) recognized in general corporate expenses	$	(22.7	)	$	1.9	$	(24.6	)	$	5.3
Net derivative gains allocated to Grocery & Snacks	$	1.0		$	3.9	$	8.5		$	11.8
Net derivative gains allocated to Refrigerated & Frozen		3.0			3.6		10.6			12.9
Net derivative gains (losses) allocated to International		1.5			0.3		2.2			(3.6	)
Net derivative gains allocated to Foodservice		0.4			0.3		1.2			0.8
Net derivative gains included in segment operating profit	$	5.9		$	8.1	$	22.5		$	21.9