BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)

3 Months Ended

Aug. 27, 2017

General corporate expense, net interest expense, and income taxes have been excluded from segment operations.



	Thirteen Weeks Ended
	August 27, 2017		August 28, 2016
Net sales
Grocery & Snacks	$	745.8	$	757.2
Refrigerated & Frozen	615.7		604.6
International	190.9		194.7
Foodservice	251.8		268.0
Commercial	—		71.1
Total net sales	$	1,804.2	$	1,895.6
Operating profit
Grocery & Snacks	$	176.2	$	180.5
Refrigerated & Frozen	101.9		92.2
International	18.9		(149.2		)
Foodservice	23.2		21.7
Commercial	—		203.3
Total operating profit	$	320.2	$	348.5
Equity method investment earnings	30.0		13.1
General corporate expense	40.2		35.6
Interest expense, net	36.4		58.2
Income tax expense	120.0		169.2
Income from continuing operations	$	153.6	$	98.6
Less: Net income attributable to noncontrolling interests of continuing operations	0.8		0.2
Income from continuing operations attributable to Conagra Brands, Inc.	$	152.8	$	98.4

Schedule of Net Derivative Gains (Losses) from Economic Hedges of Forecasted Commodity Consumption and Foreign Currency Risk

The following table presents the net derivative gains (losses) from economic hedges of forecasted commodity consumption and the foreign currency risk of certain forecasted transactions, under this methodology:



	Thirteen Weeks Ended
	August 27, 2017			August 28, 2016
Net derivative losses incurred	$	(7.4	)	$	(0.3	)
Less: Net derivative losses allocated to reporting segments	(1.4		)	(1.0		)
Net derivative gains (losses) recognized in general corporate expenses	$	(6.0	)	$	0.7
Net derivative losses allocated to Grocery & Snacks	$	(0.6	)	$	(0.4	)
Net derivative losses allocated to Refrigerated & Frozen	—			(0.2		)
Net derivative losses allocated to International	(0.7		)	—
Net derivative losses allocated to Foodservice	(0.1		)	(0.3		)
Net derivative losses allocated to Commercial	—			(0.1		)
Net derivative losses included in segment operating profit	$	(1.4	)	$	(1.0	)