XML 32 R16.htm IDEA: XBRL DOCUMENT
v3.8.0.1

EARNINGS PER SHARE | 6 Months Ended
--- | ---
Nov. 26, 2017
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic earnings per share is calculated on the basis of weighted average outstanding shares of common stock. Diluted earnings per share is computed on the basis of basic weighted average outstanding shares of common stock adjusted for the dilutive effect of stock options, restricted stock unit awards, and other dilutive securities. The following table reconciles the income and average share amounts used to compute both basic and diluted earnings per share:
| Thirteen weeks ended |  | Twenty-six weeks ended
| November 26, 2017 |  | November 27, 2016 |  | November 26, 2017 |  | November 27, 2016
Net income available to Conagra Brands, Inc. common stockholders: |  |  |  |  |  |  |
Income from continuing operations attributable to Conagra Brands, Inc. common stockholders | $ | 223.1 |  |  | $ | 113.7 |  |  | $ | 375.9 |  |  | $ | 212.1 |
Income from discontinued operations, net of tax, attributable to Conagra Brands, Inc. common stockholders | 0.4 |  |  | 8.4 |  |  | 0.1 |  |  | 96.2 |
Net income attributable to Conagra Brands, Inc. common stockholders | $ | 223.5 |  |  | $ | 122.1 |  |  | $ | 376.0 |  |  | $ | 308.3 |
Less: Increase in redemption value of noncontrolling interests in excess of earnings allocated | — |  |  | 0.3 |  |  | — |  |  | 0.8 |
Net income available to Conagra Brands, Inc. common stockholders | $ | 223.5 |  |  | $ | 121.8 |  |  | $ | 376.0 |  |  | $ | 307.5 |
Weighted average shares outstanding: |  |  |  |  |  |  |
Basic weighted average shares outstanding | 406.5 |  |  | 437.7 |  |  | 411.1 |  |  | 438.4 |
Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities | 3.9 |  |  | 3.6 |  |  | 4.0 |  |  | 3.7 |
Diluted weighted average shares outstanding | 410.4 |  |  | 441.3 |  |  | 415.1 |  |  | 442.1 |
For both the second quarter and first half of fiscal 2018, there were 1.4 million stock options outstanding that were excluded from the computation of diluted weighted average shares because the effect was antidilutive. For the second quarter and first half of fiscal 2017, there were 1.5 million and 1.1 million stock options outstanding, respectively, that were excluded from the calculation.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration