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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 27, 2022
May 30, 2021
Current assets    
Cash and cash equivalents $ 79.7 $ 79.2
Receivables, less allowance for doubtful accounts of $3.4 and $3.2 914.5 793.9
Inventories 1,766.5 1,709.7
Prepaid expenses and other current assets 129.5 95.0
Current assets held for sale 24.4 24.3
Total current assets 2,914.6 2,702.1
Property, plant and equipment 5,731.5 5,564.8
Less accumulated depreciation (3,076.0) (2,992.8)
Property, plant and equipment, net 2,655.5 2,572.0
Goodwill 11,332.4 11,338.9
Brands, trademarks and other intangibles, net 4,077.6 4,124.6
Other assets 1,487.2 1,344.7
Noncurrent assets held for sale 32.0 113.3
Total assets 22,499.3 22,195.6
Current liabilities    
Notes payable 362.8 707.4
Current installments of long-term debt 706.3 23.1
Accounts payable 1,593.9 1,655.9
Accrued payroll 142.8 175.2
Other accrued liabilities 717.1 743.0
Current liabilities held for sale 1.7 1.6
Total current liabilities 3,524.6 3,306.2
Senior long-term debt, excluding current installments 8,089.1 8,275.2
Other noncurrent liabilities 2,029.9 1,979.6
Noncurrent liabilities held for sale 2.4 3.2
Total liabilities 13,646.0 13,564.2
Common stockholders' equity    
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229 2,921.2 2,921.2
Additional paid-in capital 2,328.2 2,342.1
Retained earnings 6,541.2 6,262.6
Accumulated other comprehensive income (loss) (13.3) 5.8
Less treasury stock, at cost, 104,343,974 and 103,934,839 common shares (3,002.7) (2,979.9)
Total Conagra Brands, Inc. common stockholders' equity 8,774.6 8,551.8
Noncontrolling interests 78.7 79.6
Total stockholders' equity 8,853.3 8,631.4
Total liabilities and stockholders' equity $ 22,499.3 $ 22,195.6