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RESTRUCTURING ACTIVITIES (Tables) | 3 Months Ended
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Aug. 25, 2019
Pinnacle Integration Restructuring Plan |
Schedule of Pre-Tax Expenses in Association with the Restructuring Plan | We anticipate that we will recognize the following pre-tax expenses in association with the Pinnacle Integration Restructuring Plan (amounts include charges recognized from plan inception through the first quarter of fiscal 2020):
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | — |  |  | $ | 0.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.6 |
Other cost of goods sold |  |  | 1.6 |  |  |  | 3.5 |  |  |  | 0.7 |  |  |  | — |  |  |  | 5.8 |
Total cost of goods sold |  |  | 1.6 |  |  |  | 4.1 |  |  |  | 0.7 |  |  |  | — |  |  |  | 6.4 |
Severance and related costs |  |  | — |  |  |  | — |  |  |  | 1.5 |  |  |  | 116.6 |  |  |  | 118.1 |
Asset impairment (net of gains on disposal) |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 3.6 |  |  |  | 3.8 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8.2 |  |  |  | 8.2 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | 0.7 |  |  |  | 16.3 |  |  |  | 17.0 |
Consulting/professional fees |  |  | — |  |  |  | — |  |  |  | 0.5 |  |  |  | 92.8 |  |  |  | 93.3 |
Other selling, general and administrative expenses |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 14.0 |  |  |  | 14.1 |
Total selling, general and administrative expenses |  |  | 0.2 |  |  |  | — |  |  |  | 2.8 |  |  |  | 251.5 |  |  |  | 254.5 |
Consolidated total |  | $ | 1.8 |  |  | $ | 4.1 |  |  | $ | 3.5 |  |  | $ | 251.5 |  |  | $ | 260.9 |
During the first quarter of fiscal 2020, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |
Other cost of goods sold |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |
Total cost of goods sold |  |  | 0.1 |  |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | 0.2 |
Severance and related costs |  |  | — |  |  |  | — |  |  |  | 0.2 |  |  |  | 3.7 |  |  |  | 3.9 |
Asset impairment (net of gains on disposal) |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 3.6 |  |  |  | 3.8 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1.8 |  |  |  | 1.8 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | (0.1 | ) |  |  | 7.7 |  |  |  | 7.6 |
Consulting/professional fees |  |  | — |  |  |  | — |  |  |  | 0.3 |  |  |  | 7.4 |  |  |  | 7.7 |
Other selling, general and administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2.7 |  |  |  | 2.7 |
Total selling, general and administrative expenses |  |  | 0.2 |  |  |  | — |  |  |  | 0.4 |  |  |  | 26.9 |  |  |  | 27.5 |
Consolidated total |  | $ | 0.3 |  |  | $ | 0.1 |  |  | $ | 0.4 |  |  | $ | 26.9 |  |  | $ | 27.7 |
Included in the above results are $25.5 million of charges that have resulted or will result in cash outflows and $2.2 million in non-cash charges. We recognized the following cumulative (plan inception to August 25, 2019) pre-tax expenses for the Pinnacle Integration Restructuring Plan related to our continuing operations in our Condensed Consolidated Statement of Operations:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |
Other cost of goods sold |  |  | 1.6 |  |  |  | 1.5 |  |  |  | 0.7 |  |  |  | — |  |  |  | 3.8 |
Total cost of goods sold |  |  | 1.6 |  |  |  | 1.6 |  |  |  | 0.7 |  |  |  | — |  |  |  | 3.9 |
Severance and related costs |  |  | — |  |  |  | — |  |  |  | 1.5 |  |  |  | 114.5 |  |  |  | 116.0 |
Asset impairment (net of gains on disposal) |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 3.6 |  |  |  | 3.8 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6.5 |  |  |  | 6.5 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | 0.7 |  |  |  | 8.0 |  |  |  | 8.7 |
Consulting/professional fees |  |  | — |  |  |  | — |  |  |  | 0.5 |  |  |  | 45.5 |  |  |  | 46.0 |
Other selling, general and administrative expenses |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 10.9 |  |  |  | 11.0 |
Total selling, general and administrative expenses |  |  | 0.2 |  |  |  | — |  |  |  | 2.8 |  |  |  | 189.0 |  |  |  | 192.0 |
Consolidated total |  | $ | 1.8 |  |  | $ | 1.6 |  |  | $ | 3.5 |  |  | $ | 189.0 |  |  | $ | 195.9 |
Schedule of Liabilities Recorded for the Restructuring Plan | Liabilities recorded for the Pinnacle Integration Restructuring Plan and changes therein for the first quarter of fiscal 2020 were as follows:
|  | Balance at May 26, 2019 |  |  | Costs Incurred and Charged to Expense |  |  | Costs Paid or Otherwise Settled |  |  | Changes in Estimates |  |  | Balance at August 25, 2019 |
Severance and related costs |  | $ | 76.9 |  |  | $ | 3.9 |  |  | $ | (23.7 | ) |  | $ | — |  |  | $ | 57.1 |
Contract termination |  |  | 1.0 |  |  |  | 3.0 |  |  |  | (1.0 | ) |  |  | — |  |  |  | 3.0 |
Consulting/professional fees |  |  | 18.4 |  |  |  | 7.7 |  |  |  | (14.7 | ) |  |  | — |  |  |  | 11.4 |
Other costs |  |  | 1.2 |  |  |  | 2.7 |  |  |  | (2.5 | ) |  |  | — |  |  |  | 1.4 |
Total |  | $ | 97.5 |  |  | $ | 17.3 |  |  | $ | (41.9 | ) |  | $ | — |  |  | $ | 72.9 |
Conagra Restructuring Plan |
Schedule of Pre-Tax Expenses in Association with the Restructuring Plan | We anticipate that we will recognize the following pre-tax expenses in association with the Conagra Restructuring Plan (amounts include charges recognized from plan inception through the first quarter of fiscal 2020):
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 47.5 |  |  | $ | 1.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 49.2 |
Other cost of goods sold |  |  | 9.0 |  |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | 9.1 |
Total cost of goods sold |  |  | 56.5 |  |  |  | 1.8 |  |  |  | — |  |  |  | — |  |  |  | 58.3 |
Severance and related costs |  |  | 11.1 |  |  |  | 0.6 |  |  |  | 1.8 |  |  |  | 0.2 |  |  |  | 13.7 |
Asset impairment (net of gains on disposal) |  |  | 11.9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11.9 |
Contract/lease termination |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.3 |
Other selling, general and administrative expenses |  |  | 12.3 |  |  |  | 1.3 |  |  |  | — |  |  |  | — |  |  |  | 13.6 |
Total selling, general and administrative expenses |  |  | 35.5 |  |  |  | 1.9 |  |  |  | 1.8 |  |  |  | 0.3 |  |  |  | 39.5 |
Total |  | $ | 92.0 |  |  | $ | 3.7 |  |  | $ | 1.8 |  |  | $ | 0.3 |  |  | $ | 97.8 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 98.4 |
During the first quarter of fiscal 2020, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 3.9 |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 4.3 |
Total cost of goods sold |  |  | 3.9 |  |  |  | 0.4 |  |  |  | — |  |  |  | — |  |  |  | 4.3 |
Severance and related costs |  |  | 3.0 |  |  |  | 0.1 |  |  |  | 0.9 |  |  |  | — |  |  |  | 4.0 |
Asset impairment (net of gains on disposal) |  |  | 11.9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11.9 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Other selling, general and administrative expenses |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.2 |
Total selling, general and administrative expenses |  |  | 15.1 |  |  |  | 0.1 |  |  |  | 0.9 |  |  |  | 0.1 |  |  |  | 16.2 |
Total |  | $ | 19.0 |  |  | $ | 0.5 |  |  | $ | 0.9 |  |  | $ | 0.1 |  |  | $ | 20.5 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 21.1 |
Included in the above results are $4.9 million of charges that have resulted or will result in cash outflows and $16.2 million in non-cash charges. We recognized the following cumulative (plan inception to August 25, 2019) pre-tax expenses for the Conagra Restructuring Plan related to our continuing operations in our Condensed Consolidated Statement of Operations:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 3.9 |  |  | $ | 1.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 5.1 |
Total cost of goods sold |  |  | 3.9 |  |  |  | 1.2 |  |  |  | — |  |  |  | — |  |  |  | 5.1 |
Severance and related costs |  |  | 3.0 |  |  |  | 0.6 |  |  |  | 1.6 |  |  |  | 0.2 |  |  |  | 5.4 |
Asset impairment (net of gains on disposal) |  |  | 11.9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11.9 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Other selling, general and administrative expenses |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.2 |
Total selling, general and administrative expenses |  |  | 15.1 |  |  |  | 0.6 |  |  |  | 1.6 |  |  |  | 0.3 |  |  |  | 17.6 |
Total |  | $ | 19.0 |  |  | $ | 1.8 |  |  | $ | 1.6 |  |  | $ | 0.3 |  |  | $ | 22.7 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 23.3 |
Schedule of Liabilities Recorded for the Restructuring Plan | Liabilities recorded for the Conagra Restructuring Plan and changes therein for the first quarter of fiscal 2020 were as follows:
|  | Balance at May 26, 2019 |  |  | Costs Incurred and Charged to Expense |  |  | Costs Paid or Otherwise Settled |  |  | Changes in Estimates |  |  | Balance at August 25, 2019 |
Severance and related costs |  | $ | 1.2 |  |  | $ | 4.1 |  |  | $ | (0.1 | ) |  | $ | (0.1 | ) |  | $ | 5.1 |
Contract termination |  |  | — |  |  |  | 0.1 |  |  |  | (0.1 | ) |  |  | — |  |  |  | — |
Other costs |  |  | — |  |  |  | 0.2 |  |  |  | (0.2 | ) |  |  | — |  |  |  | — |
Total |  | $ | 1.2 |  |  | $ | 4.4 |  |  | $ | (0.4 | ) |  | $ | (0.1 | ) |  | $ | 5.1 |

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