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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 27, 2016
May 29, 2016
Current assets    
Cash and cash equivalents $ 1,442.5 $ 798.1
Receivables, less allowance for doubtful accounts of $4.1 and $3.2 699.5 650.1
Inventories 1,113.7 1,083.2
Prepaid expenses and other current assets 89.3 148.6
Total current assets 3,345.0 3,576.7
Property, plant and equipment 4,229.7 4,213.3
Less accumulated depreciation (2,560.4) (2,511.7)
Property, plant and equipment, net 1,669.3 1,701.6
Goodwill 4,248.7 4,396.2
Brands, trademarks and other intangibles, net 1,260.9 1,237.2
Other assets 899.4 905.5
Total assets 11,425.0 13,390.6
Current liabilities    
Notes payable 6.7 13.9
Current installments of long-term debt 231.0 559.4
Accounts payable 784.1 706.7
Accrued payroll 124.9 220.8
Other accrued liabilities 598.7 567.7
Total current liabilities 1,745.4 2,532.4
Senior long-term debt, excluding current installments 3,018.4 4,685.5
Subordinated debt 195.9 195.9
Other noncurrent liabilities 1,938.5 1,875.7
Total liabilities 6,898.2 9,595.8
Commitments and contingencies (Note 13)
Common stockholders' equity    
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 567,907,172 2,839.7 2,839.7
Additional paid-in capital 1,158.0 1,136.3
Retained earnings 4,077.3 3,218.3
Accumulated other comprehensive loss (333.7) (344.5)
Less treasury stock, at cost, 132,694,762 and 129,842,206 common shares (3,294.6) (3,136.2)
Total Conagra Brands, Inc. common stockholders' equity 4,446.7 3,713.6
Noncontrolling interests 80.1 81.2
Total stockholders' equity 4,526.8 3,794.8
Total liabilities and stockholders' equity 11,425.0 13,390.6
Discontinued operations    
Current assets    
Current assets 0.0 779.7
Noncurrent assets 0.0 1,339.3
Current liabilities    
Current liabilities held for sale 0.0 409.2
Noncurrent liabilities held for sale 0.0 304.8
Held for sale    
Current assets    
Current assets 0.0 117.0
Noncurrent assets 1.7 234.1
Current liabilities    
Current liabilities held for sale 0.0 54.7
Noncurrent liabilities held for sale $ 0.0 $ 1.5