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ACQUISITIONS (Tables) | 12 Months Ended
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May 26, 2019
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes our current allocation of the total purchase consideration to the estimated fair values of the assets acquired and liabilities assumed at the acquisition date.
| October 26, 2018
Cash and cash equivalents | $ | 47.2 |
Receivables | 202.8 |
Inventories | 653.7 |
Prepaid expenses and other current assets | 14.9 |
Property, plant and equipment | 721.2 |
Goodwill | 7,015.9 |
Brands, trademarks and other intangibles | 3,519.5 |
Other assets | 24.3 |
Current liabilities | (605.5 | )
Senior long-term debt, excluding current installments | (2,671.3 | )
Noncurrent deferred tax liabilities | (814.1 | )
Other noncurrent liabilities | (74.6 | )
Total assets acquired and liabilities assumed | $ | 8,034.0 |
Unaudited Pro Forma Information | The following unaudited pro forma financial information presents the combined results of operations as if the acquisition of Pinnacle had occurred on May 29, 2017, the beginning of fiscal year 2018. These unaudited pro forma results may not necessarily reflect the actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.
| 2019 |  | 2018
Pro forma net sales | $ | 10,788.1 |  |  | $ | 11,034.2 |
Pro forma net income from continuing operations attributable to Conagra Brands, Inc. | $ | 803.8 |  |  | $ | 1,089.7 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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