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Consolidated Balance Sheets - USD ($)
$ in Millions
May 26, 2024
May 28, 2023
ASSETS    
Cash and cash equivalents $ 77.7 $ 93.3
Receivables, less allowance for doubtful accounts of $3.0 and $2.7 871.8 952.8
Inventories 2,083.0 2,212.2
Prepaid expenses and other current assets 85.0 92.4
Current assets held for sale 32.0 34.3
Total current assets 3,149.5 3,385.0
Property, plant and equipment    
Land and land improvements 169.0 164.4
Buildings, machinery and equipment 5,469.2 4,974.9
Furniture, fixtures, office equipment and other 686.9 681.1
Construction in progress 249.4 314.4
Property, plant and equipment, gross 6,574.5 6,134.8
Less accumulated depreciation (3,677.6) (3,398.4)
Property, plant and equipment, net 2,896.9 2,736.4
Goodwill 10,582.7 11,109.4
Brands, trademarks and other intangibles, net 2,708.4 3,192.3
Other assets 1,435.6 1,506.2
Noncurrent assets held for sale 89.2 123.3
Assets 20,862.3 22,052.6
LIABILITIES AND STOCKHOLDERS' EQUITY    
Notes payable 928.4 636.3
Current installments of long-term debt 20.3 1,516.0
Accounts and other payables 1,493.7 1,525.5
Accrued payroll 193.3 163.5
Other accrued liabilities 591.3 583.3
Current liabilities held for sale 14.8 16.1
Total current liabilities 3,241.8 4,440.7
Senior long-term debt, excluding current installments 7,492.6 7,081.3
Other noncurrent liabilities 1,614.7 1,718.0
Noncurrent liabilities held for sale 1.9 5.3
Total liabilities 12,351.0 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 2,363.2 2,376.9
Retained earnings 6,276.3 6,599.4
Accumulated other comprehensive loss (35.5) (44.4)
Less treasury stock, at cost, 106,050,133 and 107,196,446 common shares (3,084.8) (3,116.3)
Total Conagra Brands, Inc. common stockholders' equity 8,440.4 8,736.8
Noncontrolling interests 70.9 70.5
Total stockholders' equity 8,511.3 8,807.3
Liabilities and Equity $ 20,862.3 $ 22,052.6