RESTRUCTURING ACTIVITIES (Tables)

9 Months Ended

Feb. 28, 2021

Pinnacle Integration Restructuring Plan

Restructuring Cost And Reserve [Line Items]

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 third quarter of fiscal 2021):

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	8.7	$	6.0	$	—	$	—	$	14.7
Other cost of goods sold		4.4		7.2		0.7		—		12.3
Total cost of goods sold		13.1		13.2		0.7		—		27.0
Severance and related costs		—		4.3		1.5		112.9		118.7
Asset impairment (net of gains on disposal)		31.5		4.0		—		2.6		38.1
Accelerated depreciation		—		—		—		7.4		7.4
Contract/lease termination		8.3		8.2		0.8		16.4		33.7
Consulting/professional fees		0.9		—		0.8		103.8		105.5
Other selling, general and administrative expenses		5.8		4.4		0.3		21.4		31.9
Total selling, general and administrative expenses		46.5		20.9		3.4		264.5		335.3
Consolidated total	$	59.6	$	34.1	$	4.1	$	264.5	$	362.3

During the third quarter of fiscal 2021, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:

	Refrigerated & Frozen			Corporate			Total
Accelerated depreciation	$	0.7		$	—		$	0.7
Other cost of goods sold		0.4			—			0.4
Total cost of goods sold		1.1			—			1.1
Severance and related costs		(0.4	)		(0.7	)		(1.1	)
Asset impairment (net of gains on disposal)		0.2			—			0.2
Contract/lease termination		—			0.2			0.2
Consulting/professional fees		—			4.6			4.6
Other selling, general and administrative expenses		0.1			0.3			0.4
Total selling, general and administrative expenses		(0.1	)		4.4			4.3
Consolidated total	$	1.0		$	4.4		$	5.4

During the first three quarters of fiscal 2021, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen			Corporate			Total
Accelerated depreciation	$	—	$	2.1		$	—		$	2.1
Other cost of goods sold		0.5		0.6			—			1.1
Total cost of goods sold		0.5		2.7			—			3.2
Severance and related costs		—		(0.3	)		(2.2	)		(2.5	)
Asset impairment (net of gains on disposal)		0.1		0.2			(0.3	)		—
Contract/lease termination		1.8		—			0.8			2.6
Consulting/professional fees		0.4		—			15.9			16.3
Other selling, general and administrative expenses		2.6		0.6			1.4			4.6
Total selling, general and administrative expenses		4.9		0.5			15.6			21.0
Consolidated total	$	5.4	$	3.2		$	15.6		$	24.2

We recognized the following cumulative (plan inception to February 28, 2021) pre-tax expenses for the Pinnacle Integration Restructuring Plan in our Condensed Consolidated Statement of Earnings:

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	0.6	$	4.2	$	—	$	—	$	4.8
Other cost of goods sold		2.3		2.1		0.7		—		5.1
Total cost of goods sold		2.9		6.3		0.7		—		9.9
Severance and related costs		—		4.0		1.5		112.9		118.4
Asset impairment (net of gains on disposal)		0.3		4.0		—		2.6		6.9
Accelerated depreciation		—		—		—		7.4		7.4
Contract/lease termination		1.8		—		0.8		15.9		18.5
Consulting/professional fees		0.6		—		0.8		83.2		84.6
Other selling, general and administrative expenses		2.6		0.7		0.3		16.9		20.5
Total selling, general and administrative expenses		5.3		8.7		3.4		238.9		256.3
Consolidated total	$	8.2	$	15.0	$	4.1	$	238.9	$	266.2

Schedule of Liabilities Recorded for the Restructuring Plan

Liabilities recorded for the Pinnacle Integration Restructuring Plan and changes therein for the first three quarters of fiscal 2021 were as follows:

	Balance at May 31, 2020		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at February 28, 2021
Severance and related costs	$	23.6	$	0.1	$	(13.3	)	$	(2.6	)	$	7.8
Contract termination		0.5		2.6		(2.6	)		—			0.5
Consulting/professional fees		7.5		16.3		(20.2	)		—			3.6
Other costs		—		5.6		(5.6	)		—			—
Total	$	31.6	$	24.6	$	(41.7	)	$	(2.6	)	$	11.9

Conagra Restructuring Plan

Restructuring Cost And Reserve [Line Items]

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 third quarter of fiscal 2021):

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	35.5	$	48.1	$	—	$	—	$	83.6
Other cost of goods sold		8.9		2.1		—		—		11.0
Total cost of goods sold		44.4		50.2		—		—		94.6
Severance and related costs		12.2		1.8		1.1		1.3		16.4
Asset impairment (net of gains on disposal)		28.1		0.3		0.1		—		28.5
Contract/lease termination		0.2		—		—		0.1		0.3
Consulting/professional fees		—		—		—		0.9		0.9
Other selling, general and administrative expenses		11.9		4.1		—		0.1		16.1
Total selling, general and administrative expenses		52.4		6.2		1.2		2.4		62.2
Total	$	96.8	$	56.4	$	1.2	$	2.4	$	156.8
Pension and postretirement non-service income										0.6
Consolidated total									$	157.4

During the third quarter of fiscal 2021, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen		Corporate			Total
Accelerated depreciation	$	2.1	$	6.0	$	—		$	8.1
Total cost of goods sold		2.1		6.0		—			8.1
Severance and related costs		1.1		—		(0.2	)		0.9
Asset impairment (net of gains on disposal)		0.1		—		—			0.1
Other selling, general and administrative expenses		0.9		—		—			0.9
Total selling, general and administrative expenses		2.1		—		(0.2	)		1.9
Total	$	4.2	$	6.0	$	(0.2	)	$	10.0

During the first three quarters of fiscal 2021, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen		International			Corporate		Total
Accelerated depreciation	$	7.0	$	16.6	$	—		$	—	$	23.6
Other cost of goods sold		2.3		—		—			—		2.3
Total cost of goods sold		9.3		16.6		—			—		25.9
Severance and related costs		4.7		—		(0.1	)		0.6		5.2
Asset impairment (net of gains on disposal)		3.1		0.1		—			—		3.2
Other selling, general and administrative expenses		3.4		—		—			0.1		3.5
Total selling, general and administrative expenses		11.2		0.1		(0.1	)		0.7		11.9
Total	$	20.5	$	16.7	$	(0.1	)	$	0.7	$	37.8

We recognized the following cumulative (plan inception to February 28, 2021) pre-tax expenses for the Conagra Restructuring Plan in our Condensed Consolidated Statement of Earnings:

	Grocery & Snacks		Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	31.1	$	20.8	$	—	$	—	$	51.9
Other cost of goods sold		4.8		0.2		—		—		5.0
Total cost of goods sold		35.9		21.0		—		—		56.9
Severance and related costs		9.4		1.8		1.1		1.3		13.6
Asset impairment (net of gains on disposal)		28.1		0.3		0.1		—		28.5
Contract/lease termination		—		—		—		0.1		0.1
Other selling, general and administrative expenses		4.3		0.3		—		0.1		4.7
Total selling, general and administrative expenses		41.8		2.4		1.2		1.5		46.9
Total	$	77.7	$	23.4	$	1.2	$	1.5	$	103.8
Pension and postretirement non-service income										0.6
Consolidated total									$	104.4

Schedule of Liabilities Recorded for the Restructuring Plan

Liabilities recorded for the Conagra Restructuring Plan and changes therein for the first three quarters of fiscal 2021 were as follows:

	Balance at May 31, 2020		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at February 28, 2021
Severance and related costs	$	6.5	$	5.5	$	(3.6	)	$	(0.3	)	$	8.1
Other costs		—		3.5		(3.5	)		—			—
Total	$	6.5	$	9.0	$	(7.1	)	$	(0.3	)	$	8.1