XML 45 R36.htm IDEA: XBRL DOCUMENT v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Reclassifications from Accumulated Other Comprehensive Income (Loss) into Income (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Feb. 27, 2022
Nov. 28, 2021
Aug. 29, 2021
Feb. 28, 2021
Nov. 29, 2020
Aug. 30, 2020
Feb. 27, 2022
Feb. 28, 2021
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]                
Interest expense, net $ (94.6)     $ (100.6)     $ (283.7) $ (322.0)
Pension and postretirement non-service income (16.1)     (13.7)     (48.3) (41.2)
Equity method investment earnings 48.1     21.5     97.8 51.0
Income before income taxes and equity method investment earnings 280.7     361.8     896.5 1,209.0
Income tax expense (109.9)     (101.6)     (263.8) (269.0)
Net income attributable to Conagra Brands, Inc. 218.4 $ 275.5 $ 235.4 281.4 $ 378.9 $ 329.0 729.3 989.3
Selling, general and administrative expenses (338.0)     (309.7)     (993.5) (967.7)
Reclassification out of accumulated other comprehensive loss | Cash flow hedges                
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]                
Interest expense, net (0.8)     (0.8)     (2.3) (2.4)
Equity method investment earnings 0.4     0.0     1.3 0.0
Income before income taxes and equity method investment earnings (0.4)     (0.8)     (1.0) (2.9)
Income tax expense 0.2     0.2     0.3 0.7
Net income attributable to Conagra Brands, Inc. (0.2)     (0.6)     (0.7) (2.2)
Selling, general and administrative expenses             0.0 (0.5)
Reclassification out of accumulated other comprehensive loss | Net actuarial gain                
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]                
Pension and postretirement non-service income (0.9)     (0.8)     (2.7) (2.6)
Reclassification out of accumulated other comprehensive loss | Pension and postretirement liabilities                
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]                
Income before income taxes and equity method investment earnings (0.9)     (0.8)     (2.6) (2.4)
Income tax expense 0.3     0.2     0.8 0.6
Net income attributable to Conagra Brands, Inc. $ (0.6)     $ (0.6)     (1.8) (1.8)
Reclassification out of accumulated other comprehensive loss | Net prior service cost                
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]                
Pension and postretirement non-service income             $ 0.1 $ 0.2