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DISCONTINUED OPERATIONS AND OTHER DIVESTITURES (Tables) | 12 Months Ended
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May 27, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Comparative Financial Results | The summary comparative financial results of the Lamb Weston business through the date of the Spinoff, included within discontinued operations, were as follows:
| 2018 |  | 2017 |  | 2016
Net sales | $ | — |  |  | $ | 1,407.9 |  |  | $ | 2,975.0 |
Income (loss) from discontinued operations before income taxes and equity method investment earnings | $ | (0.3 | ) |  | $ | 172.3 |  |  | $ | 474.8 |
Income (loss) before income taxes and equity method investment earnings | (0.3 | ) |  | 172.3 |  |  | 474.8 |
Income tax expense (benefit) | (14.6 | ) |  | 87.5 |  |  | 178.9 |
Equity method investment earnings | — |  |  | 15.9 |  |  | 71.7 |
Income from discontinued operations, net of tax | 14.3 |  |  | 100.7 |  |  | 367.6 |
Less: Net income attributable to noncontrolling interests | — |  |  | 6.8 |  |  | 9.2 |
Net income from discontinued operations attributable to Conagra Brands, Inc. | $ | 14.3 |  |  | $ | 93.9 |  |  | $ | 358.4 |
The summary comparative financial results of the Private Brands business, included within discontinued operations, were as follows:
| 2018 |  | 2017 |  | 2016
Net sales | $ | — |  |  | $ | — |  |  | $ | 2,490.6 |
Loss on sale of business | $ | — |  |  | $ | (1.6 | ) |  | $ | — |
Long-lived asset impairment charges | — |  |  | — |  |  | (1,923.0 | )
Income from operations of discontinued operations before income taxes | 0.4 |  |  | 3.9 |  |  | 168.0 |
Income (loss) before income taxes and equity method investment earnings | 0.4 |  |  | 2.3 |  |  | (1,755.0 | )
Income tax expense (benefit) | 0.5 |  |  | (0.3 | ) |  | (593.1 | )
Income (loss) from discontinued operations, net of tax | $ | (0.1 | ) |  | $ | 2.6 |  |  | $ | (1,161.9 | )
Schedule of Assets and Liabilities Classified as Held for Sale | The assets classified as held for sale reflected in our Consolidated Balance Sheets related to the Del Monte® processed fruit and vegetable business in Canada were as follows:
| May 27, 2018 |  | May 28, 2017
Current assets | $ | 6.1 |  |  | $ | 6.3 |
Noncurrent assets (including goodwill of $5.8 million) | 11.5 |  |  | 11.4 |
The assets classified as held for sale reflected in our Consolidated Balance Sheets related to the Wesson® oil business were as follows:
| May 27, 2018 |  | May 28, 2017
Current assets | $ | 37.7 |  |  | $ | 35.5 |
Noncurrent assets (including goodwill of $74.5 million) | 101.0 |  |  | 102.8 |

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 + Details
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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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