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BUSINESS SEGMENTS AND RELATED INFORMATION (Tables) | 12 Months Ended
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May 26, 2019
Segment Reporting [Abstract] |
Schedule of Segment Operations |
| 2019 |  | 2018 |  | 2017
Net sales |  |  |  |  |
Grocery & Snacks | $ | 3,279.2 |  |  | $ | 3,287.0 |  |  | $ | 3,208.8 |
Refrigerated & Frozen | 2,804.0 |  |  | 2,753.0 |  |  | 2,652.7 |
International | 793.4 |  |  | 843.5 |  |  | 816.0 |
Foodservice | 934.2 |  |  | 1,054.8 |  |  | 1,078.3 |
Pinnacle Foods | 1,727.6 |  |  | — |  |  | — |
Commercial | — |  |  | — |  |  | 71.1 |
Total net sales | $ | 9,538.4 |  |  | $ | 7,938.3 |  |  | $ | 7,826.9 |
Operating profit |  |  |  |  |
Grocery & Snacks | $ | 689.2 |  |  | $ | 724.8 |  |  | $ | 655.4 |
Refrigerated & Frozen | 502.2 |  |  | 479.4 |  |  | 445.8 |
International | 94.5 |  |  | 86.5 |  |  | (168.9 | )
Foodservice | 117.7 |  |  | 121.8 |  |  | 105.1 |
Pinnacle Foods | 238.2 |  |  | — |  |  | — |
Commercial | — |  |  | — |  |  | 202.6 |
Total operating profit | $ | 1,641.8 |  |  | $ | 1,412.5 |  |  | $ | 1,240.0 |
Equity method investment earnings | 75.8 |  |  | 97.3 |  |  | 71.2 |
General corporate expenses | 462.2 |  |  | 459.4 |  |  | 370.2 |
Pension and postretirement non-service income | 35.1 |  |  | 80.4 |  |  | 55.2 |
Interest expense, net | 391.4 |  |  | 158.7 |  |  | 195.5 |
Income tax expense | 218.8 |  |  | 174.6 |  |  | 254.7 |
Income from continuing operations | $ | 680.3 |  |  | $ | 797.5 |  |  | $ | 546.0 |
Less: Net income attributable to noncontrolling interests of continuing operations | 0.1 |  |  | 3.4 |  |  | 1.9 |
Income from continuing operations attributable to Conagra Brands, Inc. | $ | 680.2 |  |  | $ | 794.1 |  |  | $ | 544.1 |
Schedule of Net Sales by Product Type | The following table presents further disaggregation of our net sales:
| 2019 |  | 2018 |  | 2017
Snacks | $ | 1,363.4 |  |  | $ | 1,199.0 |  |  | $ | 1,046.7 |
Other shelf-stable | 2,567.1 |  |  | 2,088.0 |  |  | 2,162.1 |
Frozen | 2,968.4 |  |  | 2,014.8 |  |  | 1,886.1 |
Refrigerated | 788.0 |  |  | 738.2 |  |  | 766.5 |
International | 846.2 |  |  | 843.5 |  |  | 816.0 |
Foodservice | 1,005.3 |  |  | 1,054.8 |  |  | 1,078.4 |
Commercial | — |  |  | — |  |  | 71.1 |
Total net sales | $ | 9,538.4 |  |  | $ | 7,938.3 |  |  | $ | 7,826.9 |
Schedule of Net Derivative Gains (Losses) from Economic Hedges | 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:
| 2019 |  | 2018 |  | 2017
Net derivative gains (losses) incurred | $ | (3.6 | ) |  | $ | (0.9 | ) |  | $ | 0.6 |
Less: Net derivative gains (losses) allocated to reporting segments | (1.8 | ) |  | (7.1 | ) |  | 5.7 |
Net derivative gains (losses) recognized in general corporate expenses | $ | (1.8 | ) |  | $ | 6.2 |  |  | $ | (5.1 | )
Net derivative gains (losses) allocated to Grocery & Snacks | $ | (2.1 | ) |  | $ | 0.2 |  |  | $ | 3.4 |
Net derivative gains (losses) allocated to Refrigerated & Frozen | (1.1 | ) |  | (0.3 | ) |  | 0.8 |
Net derivative gains (losses) allocated to International | 2.8 |  |  | (6.9 | ) |  | 1.6 |
Net derivative losses allocated to Foodservice | (0.6 | ) |  | (0.1 | ) |  | — |
Net derivative losses allocated to Pinnacle Foods | (0.8 | ) |  | — |  |  | — |
Net derivative losses allocated to Commercial | — |  |  | — |  |  | (0.1 | )
Net derivative gains (losses) included in segment operating profit | $ | (1.8 | ) |  | $ | (7.1 | ) |  | $ | 5.7 |

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