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ACQUISITIONS (Tables) | 6 Months Ended
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Nov. 25, 2018
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the total purchase consideration to the initial estimated fair values of the assets acquired and liabilities assumed at the acquisition date.
| October 26, 2018
Cash and cash equivalents | 47.2 |
Receivables | 204.1 |
Inventories | 659.3 |
Prepaid expenses and other current assets | 15.3 |
Property, plant and equipment | 742.0 |
Goodwill | 6,662.0 |
Brands, trademarks and other intangibles | 3,875.1 |
Other assets | 28.9 |
Current liabilities | (605.3 | )
Senior long-term debt, excluding current installments | (2,671.3 | )
Noncurrent deferred tax liabilities | (846.4 | )
Other noncurrent liabilities | (76.0 | )
Total assets acquired and liabilities assumed | $ | 8,034.9 |
Noncontrolling interests | $ | 1.0 |
Business Acquisition, Pro Forma Information | 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.
| Thirteen weeks ended |  | Twenty-six weeks ended
| November 25, 2018 |  | November 26, 2017 |  | November 25, 2018 |  | November 26, 2017
Pro forma net sales | $ | 2,868.1 |  |  | $ | 3,006.7 |  |  | $ | 5,426.1 |  |  | $ | 5,534.0 |
Pro forma net income from continuing operations attributable to Conagra Brands, Inc. | $ | 200.7 |  |  | $ | 240.7 |  |  | $ | 404.7 |  |  | $ | 292.1 |
Pro forma net income from continuing operations attributable to Conagra Brands, Inc. per share - basic | $ | 0.41 |  |  | $ | 0.48 |  |  | $ | 0.83 |  |  | $ | 0.58 |
Pro forma net income from continuing operations attributable to Conagra Brands, Inc. per share - diluted | $ | 0.41 |  |  | $ | 0.48 |  |  | $ | 0.83 |  |  | $ | 0.57 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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=84161108&loc=d3e4845-128472 + Details
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