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RESTRUCTURING ACTIVITIES (Tables) | 6 Months Ended
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Nov. 24, 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 second quarter of fiscal 2020):
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | — |  |  | $ | 0.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.8 |
Other cost of goods sold |  |  | 1.6 |  |  |  | 1.5 |  |  |  | 0.7 |  |  |  | — |  |  |  | 3.8 |
Total cost of goods sold |  |  | 1.6 |  |  |  | 2.3 |  |  |  | 0.7 |  |  |  | — |  |  |  | 4.6 |
Severance and related costs |  |  | — |  |  |  | — |  |  |  | 1.5 |  |  |  | 115.2 |  |  |  | 116.7 |
Asset impairment (net of gains on disposal) |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 2.9 |  |  |  | 3.1 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8.1 |  |  |  | 8.1 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | 0.8 |  |  |  | 14.1 |  |  |  | 14.9 |
Consulting/professional fees |  |  | — |  |  |  | — |  |  |  | 0.8 |  |  |  | 85.7 |  |  |  | 86.5 |
Other selling, general and administrative expenses |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 33.4 |  |  |  | 33.5 |
Total selling, general and administrative expenses |  |  | 0.2 |  |  |  | — |  |  |  | 3.2 |  |  |  | 259.4 |  |  |  | 262.8 |
Consolidated total |  | $ | 1.8 |  |  | $ | 2.3 |  |  | $ | 3.9 |  |  | $ | 259.4 |  |  | $ | 267.4 |
During the second quarter of fiscal 2020, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:
|  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 0.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.4 |
Total cost of goods sold |  |  | 0.4 |  |  |  | — |  |  |  | — |  |  |  | 0.4 |
Severance and related costs |  |  | — |  |  |  | — |  |  |  | 0.7 |  |  |  | 0.7 |
Asset impairment (net of gains on disposal) |  |  | — |  |  |  | — |  |  |  | (0.7 | ) |  |  | (0.7 | )
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | 0.6 |  |  |  | 0.6 |
Contract/lease termination |  |  | — |  |  |  | 0.1 |  |  |  | 4.1 |  |  |  | 4.2 |
Consulting/professional fees |  |  | — |  |  |  | 0.3 |  |  |  | 7.9 |  |  |  | 8.2 |
Other selling, general and administrative expenses |  |  | — |  |  |  | — |  |  |  | 2.8 |  |  |  | 2.8 |
Total selling, general and administrative expenses |  |  | — |  |  |  | 0.4 |  |  |  | 15.4 |  |  |  | 15.8 |
Consolidated total |  | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 15.4 |  |  | $ | 16.2 |
Included in the above results are $11.8 million of charges that have resulted or will result in cash outflows and $4.4 million in non-cash charges. During the first half 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 |  | $ | — |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.5 |
Other cost of goods sold |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |
Total cost of goods sold |  |  | 0.1 |  |  |  | 0.5 |  |  |  | — |  |  |  | — |  |  |  | 0.6 |
Severance and related costs |  |  | — |  |  |  | — |  |  |  | 0.2 |  |  |  | 4.4 |  |  |  | 4.6 |
Asset impairment (net of gains on disposal) |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 2.9 |  |  |  | 3.1 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2.4 |  |  |  | 2.4 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11.8 |  |  |  | 11.8 |
Consulting/professional fees |  |  | — |  |  |  | — |  |  |  | 0.6 |  |  |  | 15.3 |  |  |  | 15.9 |
Other selling, general and administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5.5 |  |  |  | 5.5 |
Total selling, general and administrative expenses |  |  | 0.2 |  |  |  | — |  |  |  | 0.8 |  |  |  | 42.3 |  |  |  | 43.3 |
Consolidated total |  | $ | 0.3 |  |  | $ | 0.5 |  |  | $ | 0.8 |  |  | $ | 42.3 |  |  | $ | 43.9 |
Included in the above results are $29.1 million of charges that have resulted or will result in cash outflows and $14.8 million in non-cash charges. We recognized the following cumulative (plan inception to November 24, 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 |  | $ | — |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.5 |
Other cost of goods sold |  |  | 1.6 |  |  |  | 1.5 |  |  |  | 0.7 |  |  |  | — |  |  |  | 3.8 |
Total cost of goods sold |  |  | 1.6 |  |  |  | 2.0 |  |  |  | 0.7 |  |  |  | — |  |  |  | 4.3 |
Severance and related costs |  |  | — |  |  |  | — |  |  |  | 1.5 |  |  |  | 115.2 |  |  |  | 116.7 |
Asset impairment (net of gains on disposal) |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 2.9 |  |  |  | 3.1 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7.1 |  |  |  | 7.1 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | 0.8 |  |  |  | 12.1 |  |  |  | 12.9 |
Consulting/professional fees |  |  | — |  |  |  | — |  |  |  | 0.8 |  |  |  | 53.4 |  |  |  | 54.2 |
Other selling, general and administrative expenses |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 13.7 |  |  |  | 13.8 |
Total selling, general and administrative expenses |  |  | 0.2 |  |  |  | — |  |  |  | 3.2 |  |  |  | 204.4 |  |  |  | 207.8 |
Consolidated total |  | $ | 1.8 |  |  | $ | 2.0 |  |  | $ | 3.9 |  |  | $ | 204.4 |  |  | $ | 212.1 |
Schedule of Liabilities Recorded for the Restructuring Plan | Liabilities recorded for the Pinnacle Integration Restructuring Plan and changes therein for the first half 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 November 24, 2019 |
Severance and related costs |  | $ | 76.9 |  |  | $ | 5.5 |  |  | $ | (38.3 | ) |  | $ | (0.9 | ) |  | $ | 43.2 |
Contract termination |  |  | 1.0 |  |  |  | 3.1 |  |  |  | (2.4 | ) |  |  | — |  |  |  | 1.7 |
Consulting/professional fees |  |  | 18.4 |  |  |  | 15.9 |  |  |  | (27.9 | ) |  |  | — |  |  |  | 6.4 |
Other costs |  |  | 1.2 |  |  |  | 5.5 |  |  |  | (5.3 | ) |  |  | — |  |  |  | 1.4 |
Total |  | $ | 97.5 |  |  | $ | 30.0 |  |  | $ | (73.9 | ) |  | $ | (0.9 | ) |  | $ | 52.7 |
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 second quarter of fiscal 2020):
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 31.1 |  |  | $ | 12.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 43.2 |
Other cost of goods sold |  |  | 4.1 |  |  |  | 5.1 |  |  |  | — |  |  |  | — |  |  |  | 9.2 |
Total cost of goods sold |  |  | 35.2 |  |  |  | 17.2 |  |  |  | — |  |  |  | — |  |  |  | 52.4 |
Severance and related costs |  |  | 9.3 |  |  |  | 2.5 |  |  |  | 1.2 |  |  |  | 0.2 |  |  |  | 13.2 |
Asset impairment (net of gains on disposal) |  |  | 24.5 |  |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 24.6 |
Contract/lease termination |  |  | 0.1 |  |  |  | 0.1 |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.3 |
Other selling, general and administrative expenses |  |  | 12.1 |  |  |  | 1.6 |  |  |  | — |  |  |  | — |  |  |  | 13.7 |
Total selling, general and administrative expenses |  |  | 46.0 |  |  |  | 4.2 |  |  |  | 1.3 |  |  |  | 0.3 |  |  |  | 51.8 |
Total |  | $ | 81.2 |  |  | $ | 21.4 |  |  | $ | 1.3 |  |  | $ | 0.3 |  |  | $ | 104.2 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 104.8 |
During the second quarter of fiscal 2020, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Total |
Accelerated depreciation |  | $ | 6.5 |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | 7.0 |
Other cost of goods sold |  |  | — |  |  |  | 0.2 |  |  |  | — |  |  |  | 0.2 |
Total cost of goods sold |  |  | 6.5 |  |  |  | 0.7 |  |  |  | — |  |  |  | 7.2 |
Severance and related costs |  |  | — |  |  |  | — |  |  |  | (0.4 | ) |  |  | (0.4 | )
Asset impairment (net of gains on disposal) |  |  | 12.6 |  |  |  | — |  |  |  | 0.1 |  |  |  | 12.7 |
Other selling, general and administrative expenses |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 0.1 |
Total selling, general and administrative expenses |  |  | 12.6 |  |  |  | 0.1 |  |  |  | (0.3 | ) |  |  | 12.4 |
Total |  | $ | 19.1 |  |  | $ | 0.8 |  |  | $ | (0.3 | ) |  | $ | 19.6 |
Included in the above results are a reduction of $0.2 million in charges that have resulted or will result in cash outflows and $19.8 million in non-cash charges. During the first half of fiscal 2020, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 10.4 |  |  | $ | 0.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 11.3 |
Other cost of goods sold |  |  | — |  |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 0.2 |
Total cost of goods sold |  |  | 10.4 |  |  |  | 1.1 |  |  |  | — |  |  |  | — |  |  |  | 11.5 |
Severance and related costs |  |  | 3.0 |  |  |  | 0.1 |  |  |  | 0.5 |  |  |  | — |  |  |  | 3.6 |
Asset impairment (net of gains on disposal) |  |  | 24.5 |  |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 24.6 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Other selling, general and administrative expenses |  |  | 0.2 |  |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | 0.3 |
Total selling, general and administrative expenses |  |  | 27.7 |  |  |  | 0.2 |  |  |  | 0.6 |  |  |  | 0.1 |  |  |  | 28.6 |
Total |  | $ | 38.1 |  |  | $ | 1.3 |  |  | $ | 0.6 |  |  | $ | 0.1 |  |  | $ | 40.1 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 40.7 |
Included in the above results are $4.7 million of charges that have resulted or will result in cash outflows and $36.0 million in non-cash charges. We recognized the following cumulative (plan inception to November 24, 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 |  | $ | 10.4 |  |  | $ | 1.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 12.1 |
Other cost of goods sold |  |  | — |  |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 0.2 |
Total cost of goods sold |  |  | 10.4 |  |  |  | 1.9 |  |  |  | — |  |  |  | — |  |  |  | 12.3 |
Severance and related costs |  |  | 3.0 |  |  |  | 0.6 |  |  |  | 1.2 |  |  |  | 0.2 |  |  |  | 5.0 |
Asset impairment (net of gains on disposal) |  |  | 24.5 |  |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 24.6 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Other selling, general and administrative expenses |  |  | 0.2 |  |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | 0.3 |
Total selling, general and administrative expenses |  |  | 27.7 |  |  |  | 0.7 |  |  |  | 1.3 |  |  |  | 0.3 |  |  |  | 30.0 |
Total |  | $ | 38.1 |  |  | $ | 2.6 |  |  | $ | 1.3 |  |  | $ | 0.3 |  |  | $ | 42.3 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 42.9 |
Schedule of Liabilities Recorded for the Restructuring Plan | Liabilities recorded for the Conagra Restructuring Plan and changes therein for the first half 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 November 24, 2019 |
Severance and related costs |  | $ | 1.2 |  |  | $ | 4.1 |  |  | $ | (0.8 | ) |  | $ | (0.5 | ) |  | $ | 4.0 |
Contract termination |  |  | — |  |  |  | 0.1 |  |  |  | (0.1 | ) |  |  | — |  |  |  | — |
Other costs |  |  | — |  |  |  | 0.3 |  |  |  | (0.3 | ) |  |  | — |  |  |  | — |
Total |  | $ | 1.2 |  |  | $ | 4.5 |  |  | $ | (1.2 | ) |  | $ | (0.5 | ) |  | $ | 4.0 |

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