RESTRUCTURING ACTIVITIES (Tables)

3 Months Ended

Aug. 25, 2019

Pinnacle Integration Restructuring Plan

Schedule of Pre-Tax Expenses in Association with the Restructuring Plan

We anticipate that we will recognize the following pre-tax expenses in association with the Pinnacle Integration Restructuring Plan (amounts include charges recognized from plan inception through the first quarter of fiscal 2020):

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	—	$	0.6	$	—	$	—	$	0.6
Other cost of goods sold		1.6		3.5		0.7		—		5.8
Total cost of goods sold		1.6		4.1		0.7		—		6.4
Severance and related costs		—		—		1.5		116.6		118.1
Asset impairment (net of gains on disposal)		0.2		—		—		3.6		3.8
Accelerated depreciation		—		—		—		8.2		8.2
Contract/lease termination		—		—		0.7		16.3		17.0
Consulting/professional fees		—		—		0.5		92.8		93.3
Other selling, general and administrative expenses		—		—		0.1		14.0		14.1
Total selling, general and administrative expenses		0.2		—		2.8		251.5		254.5
Consolidated total	$	1.8	$	4.1	$	3.5	$	251.5	$	260.9

During the first quarter of fiscal 2020, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen		International			Corporate		Total
Accelerated depreciation	$	—	$	0.1	$	—		$	—	$	0.1
Other cost of goods sold		0.1		—		—			—		0.1
Total cost of goods sold		0.1		0.1		—			—		0.2
Severance and related costs		—		—		0.2			3.7		3.9
Asset impairment (net of gains on disposal)		0.2		—		—			3.6		3.8
Accelerated depreciation		—		—		—			1.8		1.8
Contract/lease termination		—		—		(0.1	)		7.7		7.6
Consulting/professional fees		—		—		0.3			7.4		7.7
Other selling, general and administrative expenses		—		—		—			2.7		2.7
Total selling, general and administrative expenses		0.2		—		0.4			26.9		27.5
Consolidated total	$	0.3	$	0.1	$	0.4		$	26.9	$	27.7

Included in the above results are $25.5 million of charges that have resulted or will result in cash outflows and $2.2 million in non-cash charges.

We recognized the following cumulative (plan inception to August 25, 2019) pre-tax expenses for the Pinnacle Integration Restructuring Plan related to our continuing operations in our Condensed Consolidated Statement of Operations:

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	—	$	0.1	$	—	$	—	$	0.1
Other cost of goods sold		1.6		1.5		0.7		—		3.8
Total cost of goods sold		1.6		1.6		0.7		—		3.9
Severance and related costs		—		—		1.5		114.5		116.0
Asset impairment (net of gains on disposal)		0.2		—		—		3.6		3.8
Accelerated depreciation		—		—		—		6.5		6.5
Contract/lease termination		—		—		0.7		8.0		8.7
Consulting/professional fees		—		—		0.5		45.5		46.0
Other selling, general and administrative expenses		—		—		0.1		10.9		11.0
Total selling, general and administrative expenses		0.2		—		2.8		189.0		192.0
Consolidated total	$	1.8	$	1.6	$	3.5	$	189.0	$	195.9

Schedule of Liabilities Recorded for the Restructuring Plan

Liabilities recorded for the Pinnacle Integration Restructuring Plan and changes therein for the first quarter of fiscal 2020 were as follows:

	Balance at May 26, 2019		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates		Balance at August 25, 2019
Severance and related costs	$	76.9	$	3.9	$	(23.7	)	$	—	$	57.1
Contract termination		1.0		3.0		(1.0	)		—		3.0
Consulting/professional fees		18.4		7.7		(14.7	)		—		11.4
Other costs		1.2		2.7		(2.5	)		—		1.4
Total	$	97.5	$	17.3	$	(41.9	)	$	—	$	72.9

Conagra Restructuring Plan

Schedule of Pre-Tax Expenses in Association with the Restructuring Plan

We anticipate that we will recognize the following pre-tax expenses in association with the Conagra Restructuring Plan (amounts include charges recognized from plan inception through the first quarter of fiscal 2020):

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	47.5	$	1.7	$	—	$	—	$	49.2
Other cost of goods sold		9.0		0.1		—		—		9.1
Total cost of goods sold		56.5		1.8		—		—		58.3
Severance and related costs		11.1		0.6		1.8		0.2		13.7
Asset impairment (net of gains on disposal)		11.9		—		—		—		11.9
Contract/lease termination		0.2		—		—		0.1		0.3
Other selling, general and administrative expenses		12.3		1.3		—		—		13.6
Total selling, general and administrative expenses		35.5		1.9		1.8		0.3		39.5
Total	$	92.0	$	3.7	$	1.8	$	0.3	$	97.8
Pension and postretirement non-service income										0.6
Consolidated total									$	98.4

During the first quarter of fiscal 2020, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	3.9	$	0.4	$	—	$	—	$	4.3
Total cost of goods sold		3.9		0.4		—		—		4.3
Severance and related costs		3.0		0.1		0.9		—		4.0
Asset impairment (net of gains on disposal)		11.9		—		—		—		11.9
Contract/lease termination		—		—		—		0.1		0.1
Other selling, general and administrative expenses		0.2		—		—		—		0.2
Total selling, general and administrative expenses		15.1		0.1		0.9		0.1		16.2
Total	$	19.0	$	0.5	$	0.9	$	0.1	$	20.5
Pension and postretirement non-service income										0.6
Consolidated total									$	21.1

Included in the above results are $4.9 million of charges that have resulted or will result in cash outflows and $16.2 million in non-cash charges.

We recognized the following cumulative (plan inception to August 25, 2019) pre-tax expenses for the Conagra Restructuring Plan related to our continuing operations in our Condensed Consolidated Statement of Operations:

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	3.9	$	1.2	$	—	$	—	$	5.1
Total cost of goods sold		3.9		1.2		—		—		5.1
Severance and related costs		3.0		0.6		1.6		0.2		5.4
Asset impairment (net of gains on disposal)		11.9		—		—		—		11.9
Contract/lease termination		—		—		—		0.1		0.1
Other selling, general and administrative expenses		0.2		—		—		—		0.2
Total selling, general and administrative expenses		15.1		0.6		1.6		0.3		17.6
Total	$	19.0	$	1.8	$	1.6	$	0.3	$	22.7
Pension and postretirement non-service income										0.6
Consolidated total									$	23.3

Schedule of Liabilities Recorded for the Restructuring Plan

Liabilities recorded for the Conagra Restructuring Plan and changes therein for the first quarter of fiscal 2020 were as follows:

	Balance at May 26, 2019		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at August 25, 2019
Severance and related costs	$	1.2	$	4.1	$	(0.1	)	$	(0.1	)	$	5.1
Contract termination		—		0.1		(0.1	)		—			—
Other costs		—		0.2		(0.2	)		—			—
Total	$	1.2	$	4.4	$	(0.4	)	$	(0.1	)	$	5.1