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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Feb. 25, 2024
May 28, 2023
ASSETS    
Cash and cash equivalents $ 78.5 $ 93.3
Receivables, less allowance for doubtful accounts of $2.8 and $2.7 916.5 952.8
Inventories 2,143.4 2,212.2
Prepaid expenses and other current assets 117.2 92.4
Current assets held for sale 30.2 34.3
Total current assets 3,285.8 3,385.0
Property, plant and equipment 6,470.6 6,134.8
Less accumulated depreciation (3,593.9) (3,398.4)
Property, plant and equipment, net 2,876.7 2,736.4
Goodwill 11,109.9 11,109.4
Brands, trademarks and other intangibles, net 3,152.1 3,192.3
Other assets 1,404.8 1,506.2
Noncurrent assets held for sale 90.6 123.3
Assets 21,919.9 22,052.6
LIABILITIES AND STOCKHOLDERS' EQUITY    
Notes payable 166.3 636.3
Current installments of long-term debt 1,019.2 1,516.0
Accounts and other payables 1,418.0 1,525.5
Accrued payroll 168.3 163.5
Other accrued liabilities 686.2 583.3
Current liabilities held for sale 12.9 16.1
Total current liabilities 3,470.9 4,440.7
Senior long-term debt, excluding current installments 7,491.8 7,081.3
Other noncurrent liabilities 1,729.4 1,718.0
Noncurrent liabilities held for sale 2.3 5.3
Total liabilities 12,694.4 13,245.3
Common stockholders' equity    
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229 2,921.2 2,921.2
Additional paid-in capital 2,353.7 2,376.9
Retained earnings 7,011.7 6,599.4
Accumulated other comprehensive loss (43.8) (44.4)
Less treasury stock, at cost, 106,156,480 and 107,196,446 common shares (3,087.9) (3,116.3)
Total Conagra Brands, Inc. common stockholders' equity 9,154.9 8,736.8
Noncontrolling interests 70.6 70.5
Total stockholders' equity 9,225.5 8,807.3
Liabilities and Equity $ 21,919.9 $ 22,052.6