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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Feb. 23, 2025
Feb. 25, 2024
Cash flows from operating activities:    
Net income $ 896.5 $ 914.9
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 294.9 291.7
Asset impairment charges 121.3 50.9
Equity method investment earnings less than (in excess of) distributions (35.5) 69.5
Stock-settled share-based payments expense 36.1 18.7
Contributions to pension plans (9.1) (9.2)
Pension expense (benefit) (2.3) 9.3
Other items (5.5) 13.9
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:    
Receivables 150.1 25.5
Inventories 71.0 73.3
Deferred income taxes and income taxes payable, net (199.1) 43.1
Prepaid expenses and other current assets (18.4) (31.3)
Accounts and other payables (48.2) (36.5)
Accrued payroll (47.4) 4.6
Other accrued liabilities 71.3 76.2
Litigation receivables, net of recoveries (57.0)  
Litigation accruals, net of payments 127.5 16.7
Net cash flows from operating activities 1,346.2 1,531.3
Cash flows from investing activities:    
Additions to property, plant and equipment (304.2) (309.6)
Sale of property, plant and equipment 3.3 0.6
Purchase of marketable securities   (8.2)
Sale of marketable securities   8.2
Purchase of businesses, net of cash acquired (230.6)  
Proceeds from divestitures, net of cash divested 76.8  
Proceeds from insurance recoveries   11.9
Other items (2.5) 1.5
Net cash flows from investing activities (457.2) (295.6)
Cash flows from financing activities:    
Issuance of short-term borrowings, maturities greater than 90 days 103.3 134.5
Repayment of short-term borrowings, maturities greater than 90 days (103.3) (146.6)
Net issuance (repayment) of other short-term borrowings, maturities less than or equal to 90 days (52.6) (461.7)
Issuance of long-term debt   500.0
Repayment of long-term debt (274.8) (766.8)
Debt issuance costs   (3.3)
Repurchase of Conagra Brands, Inc. common shares (64.0)  
Cash dividends paid (502.2) (492.0)
Exercise of stock options and issuance of other stock awards, including tax withholdings (20.5) (13.8)
Other items (0.2) (0.6)
Net cash flows from financing activities (914.3) (1,250.3)
Effect of exchange rate changes on cash and cash equivalents (4.3)  
Net change in cash and cash equivalents and restricted cash, including cash balances classified as assets held for sale (29.6) (14.6)
Less: Net change in cash balances classified as assets held for sale (1.3) 0.2
Net change in cash and cash equivalents (28.3) (14.8)
Cash and cash equivalents at beginning of period 77.7 93.3
Cash and cash equivalents at end of period $ 49.4 $ 78.5