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BUSINESS SEGMENTS AND RELATED INFORMATION (Tables) | 6 Months Ended
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Nov. 24, 2019
Segment Reporting [Abstract] |
Schedule of Segment Operations | General corporate expense, net interest expense, and income taxes have been excluded from segment operations.
|  | Thirteen weeks ended |  |  | Twenty-six weeks ended |
|  | November 24, 2019 |  |  | November 25, 2018 |  |  | November 24, 2019 |  |  | November 25, 2018 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Grocery & Snacks |  | $ | 1,142.5 |  |  | $ | 1,000.5 |  |  | $ | 2,120.1 |  |  | $ | 1,771.2 |
Refrigerated & Frozen |  |  | 1,168.3 |  |  |  | 906.7 |  |  |  | 2,127.4 |  |  |  | 1,541.9 |
International |  |  | 234.3 |  |  |  | 218.3 |  |  |  | 438.7 |  |  |  | 412.1 |
Foodservice |  |  | 275.7 |  |  |  | 258.2 |  |  |  | 525.3 |  |  |  | 492.9 |
Total net sales |  | $ | 2,820.8 |  |  | $ | 2,383.7 |  |  | $ | 5,211.5 |  |  | $ | 4,218.1 |
Operating profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Grocery & Snacks |  | $ | 263.7 |  |  | $ | 219.6 |  |  | $ | 415.4 |  |  | $ | 398.2 |
Refrigerated & Frozen |  |  | 187.4 |  |  |  | 156.8 |  |  |  | 343.0 |  |  |  | 252.3 |
International |  |  | 26.4 |  |  |  | 22.5 |  |  |  | 51.2 |  |  |  | 59.8 |
Foodservice |  |  | 38.3 |  |  |  | 34.4 |  |  |  | 69.4 |  |  |  | 62.0 |
Total operating profit |  | $ | 515.8 |  |  | $ | 433.3 |  |  | $ | 879.0 |  |  | $ | 772.3 |
Equity method investment earnings |  |  | 27.6 |  |  |  | 37.7 |  |  |  | 39.9 |  |  |  | 53.9 |
General corporate expense |  |  | 87.7 |  |  |  | 243.4 |  |  |  | 187.2 |  |  |  | 324.2 |
Pension and postretirement non-service income |  |  | (11.3 | ) |  |  | (9.7 | ) |  |  | (20.8 | ) |  |  | (19.9 | )
Interest expense, net |  |  | 121.4 |  |  |  | 80.6 |  |  |  | 244.1 |  |  |  | 129.6 |
Income tax expense |  |  | 84.1 |  |  |  | 22.4 |  |  |  | 72.6 |  |  |  | 79.8 |
Income from continuing operations |  | $ | 261.5 |  |  | $ | 134.3 |  |  | $ | 435.8 |  |  | $ | 312.5 |
Less: Net income attributable to noncontrolling interests |  |  | 1.0 |  |  |  | 0.8 |  |  |  | 1.5 |  |  |  | 0.8 |
Income from continuing operations attributable to Conagra Brands, Inc. |  | $ | 260.5 |  |  | $ | 133.5 |  |  | $ | 434.3 |  |  | $ | 311.7 |
The following table presents further disaggregation of our net sales:
|  | Thirteen weeks ended |  |  | Twenty-six weeks ended |
|  | November 24, 2019 |  |  | November 25, 2018 |  |  | November 24, 2019 |  |  | November 25, 2018 |
Frozen |  |  | 938.4 |  |  |  | 690.9 |  |  |  | 1,690.3 |  |  |  | 1,154.4 |
Other shelf-stable |  |  | 680.5 |  |  |  | 609.7 |  |  |  | 1,281.9 |  |  |  | 1,087.1 |
Snacks |  |  | 462.0 |  |  |  | 390.8 |  |  |  | 838.2 |  |  |  | 684.1 |
Foodservice |  |  | 275.7 |  |  |  | 258.2 |  |  |  | 525.3 |  |  |  | 492.9 |
International |  |  | 234.3 |  |  |  | 218.3 |  |  |  | 438.7 |  |  |  | 412.1 |
Refrigerated |  |  | 229.9 |  |  |  | 215.8 |  |  |  | 437.1 |  |  |  | 387.5 |
Total net sales |  | $ | 2,820.8 |  |  | $ | 2,383.7 |  |  | $ | 5,211.5 |  |  | $ | 4,218.1 |
Schedule of Net Derivative Gains (Losses) from Economic Hedges of Forecasted Commodity Consumption and Foreign Currency Risk | 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:
|  | Thirteen weeks ended |  |  | Twenty-six weeks ended |
|  | November 24, 2019 |  |  | November 25, 2018 |  |  | November 24, 2019 |  |  | November 25, 2018 |
Gross derivative gains (losses) incurred |  | $ | 0.5 |  |  | $ | 2.3 |  |  | $ | (6.8 | ) |  | $ | (4.2 | )
Less: Net derivative losses allocated to reporting segments |  |  | (1.3 | ) |  |  | (0.5 | ) |  |  | (1.4 | ) |  |  | (0.6 | )
Net derivative gains (losses) recognized in general corporate expenses |  | $ | 1.8 |  |  | $ | 2.8 |  |  | $ | (5.4 | ) |  | $ | (3.6 | )
Net derivative losses allocated to Grocery & Snacks |  | $ | (0.5 | ) |  | $ | (0.8 | ) |  | $ | (0.6 | ) |  | $ | (1.0 | )
Net derivative losses allocated to Refrigerated & Frozen |  |  | (0.4 | ) |  |  | (0.4 | ) |  |  | (0.7 | ) |  |  | (0.5 | )
Net derivative gains (losses) allocated to International |  |  | (0.4 | ) |  |  | 0.8 |  |  |  | (0.3 | ) |  |  | 1.1 |
Net derivative gains (losses) allocated to Foodservice |  |  | - |  |  |  | (0.1 | ) |  |  | 0.2 |  |  |  | (0.2 | )
Net derivative losses included in segment operating profit |  | $ | (1.3 | ) |  | $ | (0.5 | ) |  | $ | (1.4 | ) |  | $ | (0.6 | )

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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