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RESTRUCTURING ACTIVITIES (Tables) | 12 Months Ended
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May 31, 2020
Pinnacle Integration Restructuring Plan |
Restructuring Cost And Reserve [Line Items] |
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 end of fiscal 2020):
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 9.9 |  |  | $ | 5.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 15.5 |
Other cost of goods sold |  |  | 7.7 |  |  |  | 9.2 |  |  |  | 0.7 |  |  |  | — |  |  |  | 17.6 |
Total cost of goods sold |  |  | 17.6 |  |  |  | 14.8 |  |  |  | 0.7 |  |  |  | — |  |  |  | 33.1 |
Severance and related costs |  |  | — |  |  |  | 4.3 |  |  |  | 1.5 |  |  |  | 115.1 |  |  |  | 120.9 |
Asset impairment (net of gains on disposal) |  |  | 36.2 |  |  |  | 3.8 |  |  |  | — |  |  |  | 2.9 |  |  |  | 42.9 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7.4 |  |  |  | 7.4 |
Contract/lease termination |  |  | 1.4 |  |  |  | 4.7 |  |  |  | 0.8 |  |  |  | 17.7 |  |  |  | 24.6 |
Consulting/professional fees |  |  | 0.2 |  |  |  | — |  |  |  | 0.8 |  |  |  | 90.3 |  |  |  | 91.3 |
Other selling, general and administrative expenses |  |  | 10.2 |  |  |  | 1.1 |  |  |  | 0.3 |  |  |  | 28.4 |  |  |  | 40.0 |
Total selling, general and administrative expenses |  |  | 48.0 |  |  |  | 13.9 |  |  |  | 3.4 |  |  |  | 261.8 |  |  |  | 327.1 |
Consolidated total |  | $ | 65.6 |  |  | $ | 28.7 |  |  | $ | 4.1 |  |  | $ | 261.8 |  |  | $ | 360.2 |
D uring fiscal 20 20, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 0.6 |  |  | $ | 2.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.7 |
Other cost of goods sold |  |  | 0.3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.3 |
Total cost of goods sold |  |  | 0.9 |  |  |  | 2.1 |  |  |  | — |  |  |  | — |  |  |  | 3.0 |
Severance and related costs |  |  | — |  |  |  | 4.3 |  |  |  | 0.2 |  |  |  | 4.3 |  |  |  | 8.8 |
Asset impairment (net of gains on disposal) |  |  | 0.2 |  |  |  | 3.8 |  |  |  | — |  |  |  | 2.9 |  |  |  | 6.9 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2.7 |  |  |  | 2.7 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14.8 |  |  |  | 14.8 |
Consulting/professional fees |  |  | 0.2 |  |  |  | — |  |  |  | 0.6 |  |  |  | 29.2 |  |  |  | 30.0 |
Other selling, general and administrative expenses |  |  | — |  |  |  | 0.1 |  |  |  | 0.2 |  |  |  | 7.3 |  |  |  | 7.6 |
Total selling, general and administrative expenses |  |  | 0.4 |  |  |  | 8.2 |  |  |  | 1.0 |  |  |  | 61.2 |  |  |  | 70.8 |
Consolidated total |  | $ | 1.3 |  |  | $ | 10.3 |  |  | $ | 1.0 |  |  | $ | 61.2 |  |  | $ | 73.8 |
We recognized the following cumulative (plan inception to May 31, 2020) pre-tax expenses for the Pinnacle Integration Restructuring Plan in our Consolidated Statements of Earnings:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 0.6 |  |  | $ | 2.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.7 |
Other cost of goods sold |  |  | 1.8 |  |  |  | 1.5 |  |  |  | 0.7 |  |  |  | — |  |  |  | 4.0 |
Total cost of goods sold |  |  | 2.4 |  |  |  | 3.6 |  |  |  | 0.7 |  |  |  | — |  |  |  | 6.7 |
Severance and related costs |  |  | — |  |  |  | 4.3 |  |  |  | 1.5 |  |  |  | 115.1 |  |  |  | 120.9 |
Asset impairment (net of gains on disposal) |  |  | 0.2 |  |  |  | 3.8 |  |  |  | — |  |  |  | 2.9 |  |  |  | 6.9 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7.4 |  |  |  | 7.4 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | 0.8 |  |  |  | 15.1 |  |  |  | 15.9 |
Consulting/professional fees |  |  | 0.2 |  |  |  | — |  |  |  | 0.8 |  |  |  | 67.3 |  |  |  | 68.3 |
Other selling, general and administrative expenses |  |  | — |  |  |  | 0.1 |  |  |  | 0.3 |  |  |  | 15.5 |  |  |  | 15.9 |
Total selling, general and administrative expenses |  |  | 0.4 |  |  |  | 8.2 |  |  |  | 3.4 |  |  |  | 223.3 |  |  |  | 235.3 |
Consolidated total |  | $ | 2.8 |  |  | $ | 11.8 |  |  | $ | 4.1 |  |  | $ | 223.3 |  |  | $ | 242.0 |
Schedule of Liabilities Recorded for the Restructuring Plan | Liabilities recorded for the Pinnacle Integration Restructuring Plan and changes therein for 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 May 31, 2020 |
Severance and related costs |  | $ | 76.9 |  |  | $ | 11.0 |  |  | $ | (62.1 | ) |  | $ | (2.2 | ) |  | $ | 23.6 |
Contract/lease termination |  |  | 1.0 |  |  |  | 4.6 |  |  |  | (5.1 | ) |  |  | — |  |  |  | 0.5 |
Consulting/professional fees |  |  | 18.4 |  |  |  | 30.0 |  |  |  | (40.9 | ) |  |  | — |  |  |  | 7.5 |
Other costs |  |  | 1.2 |  |  |  | 7.6 |  |  |  | (8.8 | ) |  |  | — |  |  |  | — |
Total |  | $ | 97.5 |  |  | $ | 53.2 |  |  | $ | (116.9 | ) |  | $ | (2.2 | ) |  | $ | 31.6 |
Conagra Restructuring Plan |
Restructuring Cost And Reserve [Line Items] |
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 end of fiscal 2020):
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 38.0 |  |  | $ | 20.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 58.1 |
Other cost of goods sold |  |  | 9.0 |  |  |  | 1.0 |  |  |  | — |  |  |  | — |  |  |  | 10.0 |
Total cost of goods sold |  |  | 47.0 |  |  |  | 21.1 |  |  |  | — |  |  |  | — |  |  |  | 68.1 |
Severance and related costs |  |  | 12.1 |  |  |  | 3.5 |  |  |  | 1.2 |  |  |  | 0.7 |  |  |  | 17.5 |
Asset impairment (net of gains on disposal) |  |  | 25.0 |  |  |  | 0.2 |  |  |  | 0.1 |  |  |  | — |  |  |  | 25.3 |
Contract/lease termination |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.3 |
Consulting/professional fees |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1.2 |  |  |  | 1.2 |
Other selling, general and administrative expenses |  |  | 14.3 |  |  |  | 1.9 |  |  |  | 0.3 |  |  |  | — |  |  |  | 16.5 |
Total selling, general and administrative expenses |  |  | 51.6 |  |  |  | 5.6 |  |  |  | 1.6 |  |  |  | 2.0 |  |  |  | 60.8 |
Total |  | $ | 98.6 |  |  | $ | 26.7 |  |  | $ | 1.6 |  |  | $ | 2.0 |  |  | $ | 128.9 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 129.5 |
During fiscal 2020, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 24.1 |  |  | $ | 3.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 27.5 |
Other cost of goods sold |  |  | 2.5 |  |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 2.7 |
Total cost of goods sold |  |  | 26.6 |  |  |  | 3.6 |  |  |  | — |  |  |  | — |  |  |  | 30.2 |
Severance and related costs |  |  | 4.7 |  |  |  | 1.3 |  |  |  | 0.5 |  |  |  | 0.5 |  |  |  | 7.0 |
Asset impairment (net of gains on disposal) |  |  | 25.0 |  |  |  | 0.2 |  |  |  | 0.1 |  |  |  | — |  |  |  | 25.3 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Other selling, general and administrative expenses |  |  | 0.9 |  |  |  | 0.3 |  |  |  | — |  |  |  | — |  |  |  | 1.2 |
Total selling, general and administrative expenses |  |  | 30.6 |  |  |  | 1.8 |  |  |  | 0.6 |  |  |  | 0.6 |  |  |  | 33.6 |
Total |  | $ | 57.2 |  |  | $ | 5.4 |  |  | $ | 0.6 |  |  | $ | 0.6 |  |  | $ | 63.8 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 64.4 |
We recognized the following cumulative (plan inception to May 31, 2020) pre-tax expenses for the Conagra Restructuring Plan in our Consolidated Statements of Earnings:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 24.1 |  |  | $ | 4.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 28.3 |
Other cost of goods sold |  |  | 2.5 |  |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 2.7 |
Total cost of goods sold |  |  | 26.6 |  |  |  | 4.4 |  |  |  | — |  |  |  | — |  |  |  | 31.0 |
Severance and related costs |  |  | 4.7 |  |  |  | 1.8 |  |  |  | 1.2 |  |  |  | 0.7 |  |  |  | 8.4 |
Asset impairment (net of gains on disposal) |  |  | 25.0 |  |  |  | 0.2 |  |  |  | 0.1 |  |  |  | — |  |  |  | 25.3 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Other selling, general and administrative expenses |  |  | 0.9 |  |  |  | 0.3 |  |  |  | — |  |  |  | — |  |  |  | 1.2 |
Total selling, general and administrative expenses |  |  | 30.6 |  |  |  | 2.3 |  |  |  | 1.3 |  |  |  | 0.8 |  |  |  | 35.0 |
Total |  | $ | 57.2 |  |  | $ | 6.7 |  |  | $ | 1.3 |  |  | $ | 0.8 |  |  | $ | 66.0 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 66.6 |
Schedule of Liabilities Recorded for the Restructuring Plan | Liabilities recorded for the Conagra Restructuring Plan and changes therein for 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 May 31, 2020 |
Severance and related costs |  | $ | 1.2 |  |  | $ | 7.5 |  |  | $ | (1.7 | ) |  | $ | (0.5 | ) |  | $ | 6.5 |
Contract/lease termination |  |  | — |  |  |  | 0.1 |  |  |  | (0.1 | ) |  |  | — |  |  |  | — |
Other costs |  |  | — |  |  |  | 3.7 |  |  |  | (3.7 | ) |  |  | — |  |  |  | — |
Total |  | $ | 1.2 |  |  | $ | 11.3 |  |  | $ | (5.5 | ) |  | $ | (0.5 | ) |  | $ | 6.5 |

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