RESTRUCTURING ACTIVITIES (Tables)

9 Months Ended

Feb. 27, 2022

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 2022):

	Grocery & Snacks		Refrigerated & Frozen			International		Corporate		Total
Accelerated depreciation	$	5.2	$	4.6		$	—	$	—	$	9.8
Other cost of goods sold		3.8		7.0			0.7		—		11.5
Total cost of goods sold		9.0		11.6			0.7		—		21.3
Severance and related costs		—		4.3			1.5		112.2		118.0
Asset impairment (net of gains on disposal)		27.8		(1.4	)		—		2.5		28.9
Accelerated depreciation		—		—			—		7.4		7.4
Contract/lease termination		6.5		3.7			0.8		15.4		26.4
Consulting/professional fees		1.0		—			0.8		105.8		107.6
Other selling, general and administrative expenses		5.7		4.7			0.3		20.7		31.4
Total selling, general and administrative expenses		41.0		11.3			3.4		264.0		319.7
Consolidated total	$	50.0	$	22.9		$	4.1	$	264.0	$	341.0

During the third quarter of fiscal 2022, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:

	Refrigerated & Frozen			Corporate			Total
Other cost of goods sold	$	0.4		$	—		$	0.4
Total cost of goods sold		0.4			—			0.4
Severance and related costs		0.5			—			0.5
Asset gains on disposal (net of impairment)		(5.5	)		—			(5.5	)
Contract/lease termination		—			(0.7	)		(0.7	)
Consulting/professional fees		—			4.9			4.9
Other selling, general and administrative expenses		0.3			0.3			0.6
Total selling, general and administrative expenses		(4.7	)		4.5			(0.2	)
Consolidated total	$	(4.3	)	$	4.5		$	0.2

During the first three quarters of fiscal 2022, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:

	Grocery & Snacks		Refrigerated & Frozen			Corporate			Total
Other cost of goods sold	$	—	$	1.9		$	—		$	1.9
Total cost of goods sold		—		1.9			—			1.9
Severance and related costs		—		0.9			(0.2	)		0.7
Asset gains on disposal (net of impairment)		—		(5.4	)		(0.1	)		(5.5	)
Contract/lease termination		—		—			(0.5	)		(0.5	)
Consulting/professional fees		0.2		—			13.3			13.5
Other selling, general and administrative expenses		0.1		1.3			1.8			3.2
Total selling, general and administrative expenses		0.3		(3.2	)		14.3			11.4
Consolidated total	$	0.3	$	(1.3	)	$	14.3		$	13.3

We recognized the following cumulative (plan inception to February 27, 2022) 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	$	4.6		$	—	$	—	$	5.2
Other cost of goods sold		2.3		4.8			0.7		—		7.8
Total cost of goods sold		2.9		9.4			0.7		—		13.0
Severance and related costs		—		4.3			1.5		112.2		118.0
Asset impairment (net of gains on disposal)		0.3		(1.4	)		—		2.5		1.4
Accelerated depreciation		—		—			—		7.4		7.4
Contract/lease termination		1.8		—			0.8		15.4		18.0
Consulting/professional fees		0.9		—			0.8		102.8		104.5
Other selling, general and administrative expenses		2.9		2.4			0.3		19.1		24.7
Total selling, general and administrative expenses		5.9		5.3			3.4		259.4		274.0
Consolidated total	$	8.8	$	14.7		$	4.1	$	259.4	$	287.0

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 2022 were as follows:

	Balance at May 30, 2021		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at February 27, 2022
Severance and related costs	$	5.1	$	0.3	$	(5.1	)	$	0.4		$	0.7
Contract/lease termination		—		—		0.5			(0.5	)		—
Consulting/professional fees		3.9		13.5		(15.8	)		—			1.6
Other costs		—		3.5		(3.5	)		—			—
Total	$	9.0	$	17.3	$	(23.9	)	$	(0.1	)	$	2.3

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 2022):

	Grocery & Snacks		Refrigerated & Frozen		International		Foodservice		Corporate		Total
Accelerated depreciation	$	33.2	$	39.9	$	—	$	—	$	—	$	73.1
Other cost of goods sold		8.8		4.0		—		—		—		12.8
Total cost of goods sold		42.0		43.9		—		—		—		85.9
Severance and related costs		11.6		1.2		1.3		0.3		4.9		19.3
Asset impairment (net of gains on disposal)		23.5		0.4		0.1		—		—		24.0
Contract/lease termination		0.4		2.6		—		—		0.1		3.1
Consulting/professional fees		—		—		—		—		0.9		0.9
Other selling, general and administrative expenses		11.6		2.7		—		—		0.3		14.6
Total selling, general and administrative expenses		47.1		6.9		1.4		0.3		6.2		61.9
Total	$	89.1	$	50.8	$	1.4	$	0.3	$	6.2	$	147.8
Pension and postretirement non-service income												0.6
Consolidated total											$	148.4

During the third quarter of fiscal 2022, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:

	Grocery & Snacks			Refrigerated & Frozen		International		Corporate		Total
Accelerated depreciation	$	—		$	2.6	$	—	$	—	$	2.6
Other cost of goods sold		0.3			2.3		—		—		2.6
Total cost of goods sold		0.3			4.9		—		—		5.2
Severance and related costs		(0.1	)		0.4		0.2		2.2		2.7
Asset impairment (net of gains on disposal)		0.2			—		—		—		0.2
Other selling, general and administrative expenses		2.2			0.2		—		—		2.4
Total selling, general and administrative expenses		2.3			0.6		0.2		2.2		5.3
Total	$	2.6		$	5.5	$	0.2	$	2.2	$	10.5

During the first three quarters of fiscal 2022, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:

	Grocery & Snacks			Refrigerated & Frozen			International		Foodservice		Corporate		Total
Accelerated depreciation	$	1.2		$	12.4		$	—	$	—	$	—	$	13.6
Other cost of goods sold		4.0			2.4			—		—		—		6.4
Total cost of goods sold		5.2			14.8			—		—		—		20.0
Severance and related costs		1.2			(0.8	)		0.2		0.3		2.3		3.2
Asset impairment (net of gains on disposal)		(3.6	)		0.1			—		—		—		(3.5	)
Contract/lease termination		0.1			—			—		—		—		0.1
Other selling, general and administrative expenses		5.5			0.2			—		—		0.1		5.8
Total selling, general and administrative expenses		3.2			(0.5	)		0.2		0.3		2.4		5.6
Total	$	8.4		$	14.3		$	0.2	$	0.3	$	2.4	$	25.6

We recognized the following cumulative (plan inception to February 27, 2022) pre-tax expenses for the Conagra Restructuring Plan in our Condensed Consolidated Statement of Earnings:

	Grocery & Snacks		Refrigerated & Frozen		International		Foodservice		Corporate		Total
Accelerated depreciation	$	33.2	$	39.1	$	—	$	—	$	—	$	72.3
Other cost of goods sold		8.8		2.6		—		—		—		11.4
Total cost of goods sold		42.0		41.7		—		—		—		83.7
Severance and related costs		11.6		1.0		1.3		0.3		4.4		18.6
Asset impairment (net of gains on disposal)		23.5		0.4		0.1		—		—		24.0
Contract/lease termination		0.1		—		—		—		0.1		0.2
Other selling, general and administrative expenses		10.5		0.5		—		—		0.3		11.3
Total selling, general and administrative expenses		45.7		1.9		1.4		0.3		4.8		54.1
Total	$	87.7	$	43.6	$	1.4	$	0.3	$	4.8	$	137.8
Pension and postretirement non-service income												0.6
Consolidated total											$	138.4

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 2022 were as follows:

	Balance at May 30, 2021		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at February 27, 2022
Severance and related costs	$	9.7	$	4.4	$	(7.0	)	$	(1.2	)	$	5.9
Contract/lease termination		—		0.1		(0.1	)		—			—
Other costs		—		8.1		(7.5	)		—			0.6
Total	$	9.7	$	12.6	$	(14.6	)	$	(1.2	)	$	6.5