STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Feb. 23, 2025

Notes Tables

Schedule of reconciliation of our stockholders' equity accounts

	Conagra Brands, Inc. Stockholders' Equity
								Accumulated
				Additional				Other
	Common	Common		Paid-in		Retained		Comprehensive		Treasury		Noncontrolling		Total
	Shares	Stock		Capital		Earnings		Loss		Stock		Interests		Equity
Balance at May 26, 2024	584.2	$	2,921.2	$	2,363.2	$	6,276.3	$	(35.5)	$	(3,084.8)	$	70.9	$	8,511.3
Stock option and incentive plans					(33.5)		(0.5)				34.8				0.8
Currency translation adjustments									22.5				38.0		60.5
Repurchase of common shares											(64.0)				(64.0)
Derivative adjustments									(3.3)						(3.3)
Activities of noncontrolling interests													(108.9)		(108.9)
Pension and postretirement healthcare benefits									0.2						0.2
Dividends declared on common stock; $0.35 per share							(167.8)								(167.8)
Net income attributable to Conagra Brands, Inc.							466.8								466.8
Balance at August 25, 2024	584.2	$	2,921.2	$	2,329.7	$	6,574.8	$	(16.1)	$	(3,114.0)	$	—	$	8,695.6
Stock option and incentive plans					7.8		(0.3)				1.3				8.8
Currency translation adjustments									(19.4)						(19.4)
Derivative adjustments									(1.0)						(1.0)
Pension and postretirement healthcare benefits									(0.8)						(0.8)
Dividends declared on common stock; $0.35 per share							(167.0)								(167.0)
Net income attributable to Conagra Brands, Inc.							284.5								284.5
Balance at November 24, 2024	584.2	$	2,921.2	$	2,337.5	$	6,692.0	$	(37.3)	$	(3,112.7)	$	—	$	8,800.7
Stock option and incentive plans					4.8		(0.1)				1.3				6.0
Currency translation adjustments									(4.4)						(4.4)
Derivative adjustments									(0.3)						(0.3)
Pension and postretirement healthcare benefits									(0.9)						(0.9)
Dividends declared on common stock; $0.35 per share							(167.1)								(167.1)
Net income attributable to Conagra Brands, Inc.							145.1								145.1
Balance at February 23, 2025	584.2	$	2,921.2	$	2,342.3	$	6,669.9	$	(42.9)	$	(3,111.4)	$	—	$	8,779.1

	Conagra Brands, Inc. Stockholders' Equity
								Accumulated
				Additional				Other
	Common	Common		Paid-in		Retained		Comprehensive		Treasury		Noncontrolling		Total
	Shares	Stock		Capital		Earnings		Loss		Stock		Interests		Equity
Balance at May 28, 2023	584.2	$	2,921.2	$	2,376.9	$	6,599.4	$	(44.4)	$	(3,116.3)	$	70.5	$	8,807.3
Stock option and incentive plans					(42.9)		1.1				25.6				(16.2)
Currency translation adjustments									10.7				(0.1)		10.6
Derivative adjustments									1.6						1.6
Activities of noncontrolling interests													0.2		0.2
Pension and postretirement healthcare benefits									(0.8)						(0.8)
Dividends declared on common stock; $0.35 per share							(167.3)								(167.3)
Net income attributable to Conagra Brands, Inc.							319.7								319.7
Balance at August 27, 2023	584.2	$	2,921.2	$	2,334.0	$	6,752.9	$	(32.9)	$	(3,090.7)	$	70.6	$	8,955.1
Stock option and incentive plans					5.6		(0.4)				1.1		0.3		6.6
Currency translation adjustments									(5.6)				(0.7)		(6.3)
Derivative adjustments									0.8						0.8
Pension and postretirement healthcare benefits									(1.0)						(1.0)
Dividends declared on common stock; $0.35 per share							(167.2)								(167.2)
Net income attributable to Conagra Brands, Inc.							286.2								286.2
Balance at November 26, 2023	584.2	$	2,921.2	$	2,339.6	$	6,871.5	$	(38.7)	$	(3,089.6)	$	70.2	$	9,074.2
Stock option and incentive plans					14.1		(1.0)				1.7				14.8
Currency translation adjustments									4.6				0.2		4.8
Derivative adjustments									(4.1)						(4.1)
Activities of noncontrolling interests													0.2		0.2
Pension and postretirement healthcare benefits									(5.6)						(5.6)
Dividends declared on common stock; $0.35 per share							(167.4)								(167.4)
Net income attributable to Conagra Brands, Inc.							308.6								308.6
Balance at February 25, 2024	584.2	$	2,921.2	$	2,353.7	$	7,011.7	$	(43.8)	$	(3,087.9)	$	70.6	$	9,225.5

Schedule of accumulated balances for each component of other comprehensive loss, net of tax

	February 23, 2025		May 26, 2024
Currency translation losses, net of reclassification adjustments	$	(90.5)	$	(89.2)
Derivative adjustments, net of reclassification adjustments		24.6		29.2
Pension and postretirement benefit obligations, net of reclassification adjustments		23.0		24.5
Accumulated other comprehensive loss	$	(42.9)	$	(35.5)

Schedule of reclassifications from accumulated other comprehensive income (loss) into income

					Affected Line Item in the Condensed Consolidated Statement of
	Thirteen Weeks Ended				Earnings1
	February 23, 2025		February 25, 2024
Net derivative adjustments:
Cash flow hedges	$	(0.7)	$	(0.9)	Interest expense, net
Cash flow hedges		(0.9)		(1.2)	Equity method investment earnings
		(1.6)		(2.1)	Total before tax
		0.4		0.5	Income tax expense
	$	(1.2)	$	(1.6)	Net of tax
Pension and postretirement liabilities:
Pension settlement	$	—	$	1.1	Pension and postretirement non-service income
Net prior service cost (benefit)		(0.1)		—	Pension and postretirement non-service income
Net actuarial gain		(1.1)		(1.2)	Pension and postretirement non-service income
		(1.2)		(0.1)	Total before tax
		0.3		—	Income tax expense
	$	(0.9)	$	(0.1)	Net of tax

					Affected Line Item in the Condensed Consolidated Statement of
	Thirty-Nine Weeks Ended				Earnings1
	February 23, 2025		February 25, 2024
Net derivative adjustments:
Cash flow hedges	$	(2.0)	$	(2.7)	Interest expense, net
Cash flow hedges		(3.3)		(3.5)	Equity method investment earnings
		(5.3)		(6.2)	Total before tax
		1.3		1.5	Income tax expense
	$	(4.0)	$	(4.7)	Net of tax
Pension and postretirement liabilities:
Pension settlement	$	—	$	1.1	Pension and postretirement non-service income
Net prior service cost (benefit)		(0.1)		—	Pension and postretirement non-service income
Net actuarial gain		(3.4)		(3.6)	Pension and postretirement non-service income
		(3.5)		(2.5)	Total before tax
		0.9		0.6	Income tax expense
	$	(2.6)	$	(1.9)	Net of tax
Currency translation losses	$	41.8	$	—	Selling, general and administrative expenses 2
		41.8		—	Total before tax
		—		—	Income tax expense
	$	41.8	$	—	Net of tax

¹Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Earnings.

²Amount represents the reclassification for currency translation losses in connection with the sale of ATFL (see Note 3).