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RESTRUCTURING ACTIVITIES (Tables) | 3 Months Ended
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Aug. 30, 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 first quarter of fiscal 2021):
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 9.9 |  |  | $ | 5.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 15.6 |
Other cost of goods sold |  |  | 7.7 |  |  |  | 9.2 |  |  |  | 0.7 |  |  |  | — |  |  |  | 17.6 |
Total cost of goods sold |  |  | 17.6 |  |  |  | 14.9 |  |  |  | 0.7 |  |  |  | — |  |  |  | 33.2 |
Severance and related costs |  |  | — |  |  |  | 4.4 |  |  |  | 1.5 |  |  |  | 114.3 |  |  |  | 120.2 |
Asset impairment (net of gains on disposal) |  |  | 36.2 |  |  |  | 3.8 |  |  |  | — |  |  |  | 2.6 |  |  |  | 42.6 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7.4 |  |  |  | 7.4 |
Contract/lease termination |  |  | 1.4 |  |  |  | 4.7 |  |  |  | 0.8 |  |  |  | 15.9 |  |  |  | 22.8 |
Consulting/professional fees |  |  | 0.5 |  |  |  | — |  |  |  | 0.8 |  |  |  | 95.7 |  |  |  | 97.0 |
Other selling, general and administrative expenses |  |  | 10.0 |  |  |  | 2.1 |  |  |  | 0.3 |  |  |  | 26.7 |  |  |  | 39.1 |
Total selling, general and administrative expenses |  |  | 48.1 |  |  |  | 15.0 |  |  |  | 3.4 |  |  |  | 262.6 |  |  |  | 329.1 |
Consolidated total |  | $ | 65.7 |  |  | $ | 29.9 |  |  | $ | 4.1 |  |  | $ | 262.6 |  |  | $ | 362.3 |
During the first quarter of fiscal 2021, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | — |  |  | $ | 0.6 |  |  | $ | — |  |  | $ | 0.6 |
Other cost of goods sold |  |  | 0.5 |  |  |  | — |  |  |  | — |  |  |  | 0.5 |
Total cost of goods sold |  |  | 0.5 |  |  |  | 0.6 |  |  |  | — |  |  |  | 1.1 |
Severance and related costs |  |  | — |  |  |  | 0.1 |  |  |  | (0.8 | ) |  |  | (0.7 | )
Asset impairment (net of gains on disposal) |  |  | — |  |  |  | — |  |  |  | (0.3 | ) |  |  | (0.3 | )
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | 0.2 |  |  |  | 0.2 |
Consulting/professional fees |  |  | 0.3 |  |  |  | — |  |  |  | 6.2 |  |  |  | 6.5 |
Other selling, general and administrative expenses |  |  | 0.1 |  |  |  | 1.0 |  |  |  | 0.7 |  |  |  | 1.8 |
Total selling, general and administrative expenses |  |  | 0.4 |  |  |  | 1.1 |  |  |  | 6.0 |  |  |  | 7.5 |
Consolidated total |  | $ | 0.9 |  |  | $ | 1.7 |  |  | $ | 6.0 |  |  | $ | 8.6 |
We recognized the following cumulative (plan inception to August 30, 2020) 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 |  | $ | 0.6 |  |  | $ | 2.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 3.3 |
Other cost of goods sold |  |  | 2.3 |  |  |  | 1.5 |  |  |  | 0.7 |  |  |  | — |  |  |  | 4.5 |
Total cost of goods sold |  |  | 2.9 |  |  |  | 4.2 |  |  |  | 0.7 |  |  |  | — |  |  |  | 7.8 |
Severance and related costs |  |  | — |  |  |  | 4.4 |  |  |  | 1.5 |  |  |  | 114.3 |  |  |  | 120.2 |
Asset impairment (net of gains on disposal) |  |  | 0.2 |  |  |  | 3.8 |  |  |  | — |  |  |  | 2.6 |  |  |  | 6.6 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7.4 |  |  |  | 7.4 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | 0.8 |  |  |  | 15.3 |  |  |  | 16.1 |
Consulting/professional fees |  |  | 0.5 |  |  |  | — |  |  |  | 0.8 |  |  |  | 73.5 |  |  |  | 74.8 |
Other selling, general and administrative expenses |  |  | 0.1 |  |  |  | 1.1 |  |  |  | 0.3 |  |  |  | 16.2 |  |  |  | 17.7 |
Total selling, general and administrative expenses |  |  | 0.8 |  |  |  | 9.3 |  |  |  | 3.4 |  |  |  | 229.3 |  |  |  | 242.8 |
Consolidated total |  | $ | 3.7 |  |  | $ | 13.5 |  |  | $ | 4.1 |  |  | $ | 229.3 |  |  | $ | 250.6 |
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 2021 were as follows:
|  | Balance at May 31, 2020 |  |  | Costs Incurred and Charged to Expense |  |  | Costs Paid or Otherwise Settled |  |  | Changes in Estimates |  |  | Balance at August 30, 2020 |
Severance and related costs |  | $ | 23.6 |  |  | $ | 0.1 |  |  | $ | (5.3 | ) |  | $ | (0.8 | ) |  | $ | 17.6 |
Contract termination |  |  | 0.5 |  |  |  | 0.2 |  |  |  | (0.2 | ) |  |  | — |  |  |  | 0.5 |
Consulting/professional fees |  |  | 7.5 |  |  |  | 6.5 |  |  |  | (8.1 | ) |  |  | — |  |  |  | 5.9 |
Other costs |  |  | — |  |  |  | 2.3 |  |  |  | (2.3 | ) |  |  | — |  |  |  | — |
Total |  | $ | 31.6 |  |  | $ | 9.1 |  |  | $ | (15.9 | ) |  | $ | (0.8 | ) |  | $ | 24.0 |
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 first quarter of fiscal 2021):
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 35.0 |  |  | $ | 50.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 85.8 |
Other cost of goods sold |  |  | 10.3 |  |  |  | 2.1 |  |  |  | — |  |  |  | — |  |  |  | 12.4 |
Total cost of goods sold |  |  | 45.3 |  |  |  | 52.9 |  |  |  | — |  |  |  | — |  |  |  | 98.2 |
Severance and related costs |  |  | 11.4 |  |  |  | 3.6 |  |  |  | 1.1 |  |  |  | 1.0 |  |  |  | 17.1 |
Asset impairment (net of gains on disposal) |  |  | 28.0 |  |  |  | 0.2 |  |  |  | 0.1 |  |  |  | — |  |  |  | 28.3 |
Contract/lease termination |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.3 |
Consulting/professional fees |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1.0 |  |  |  | 1.0 |
Other selling, general and administrative expenses |  |  | 11.5 |  |  |  | 4.1 |  |  |  | 0.3 |  |  |  | 0.1 |  |  |  | 16.0 |
Total selling, general and administrative expenses |  |  | 51.1 |  |  |  | 7.9 |  |  |  | 1.5 |  |  |  | 2.2 |  |  |  | 62.7 |
Total |  | $ | 96.4 |  |  | $ | 60.8 |  |  | $ | 1.5 |  |  | $ | 2.2 |  |  | $ | 160.9 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 161.5 |
During the first quarter of fiscal 2021, we recognized the following pre-tax expenses for the Conagra Restructuring Plan:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 3.0 |  |  | $ | 4.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 7.0 |
Other cost of goods sold |  |  | 2.3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2.3 |
Total cost of goods sold |  |  | 5.3 |  |  |  | 4.0 |  |  |  | — |  |  |  | — |  |  |  | 9.3 |
Severance and related costs |  |  | 3.1 |  |  |  | — |  |  |  | (0.1 | ) |  |  | 0.3 |  |  |  | 3.3 |
Asset impairment (net of gains on disposal) |  |  | 3.0 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3.0 |
Other selling, general and administrative expenses |  |  | 1.6 |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 1.7 |
Total selling, general and administrative expenses |  |  | 7.7 |  |  |  | — |  |  |  | (0.1 | ) |  |  | 0.4 |  |  |  | 8.0 |
Total |  | $ | 13.0 |  |  | $ | 4.0 |  |  | $ | (0.1 | ) |  | $ | 0.4 |  |  | $ | 17.3 |
We recognized the following cumulative (plan inception to August 30, 2020) 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 |  | $ | 27.1 |  |  | $ | 8.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 35.3 |
Other cost of goods sold |  |  | 4.8 |  |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | 5.0 |
Total cost of goods sold |  |  | 31.9 |  |  |  | 8.4 |  |  |  | — |  |  |  | — |  |  |  | 40.3 |
Severance and related costs |  |  | 7.8 |  |  |  | 1.8 |  |  |  | 1.1 |  |  |  | 1.0 |  |  |  | 11.7 |
Asset impairment (net of gains on disposal) |  |  | 28.0 |  |  |  | 0.2 |  |  |  | 0.1 |  |  |  | — |  |  |  | 28.3 |
Contract/lease termination |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Other selling, general and administrative expenses |  |  | 2.5 |  |  |  | 0.3 |  |  |  | — |  |  |  | 0.1 |  |  |  | 2.9 |
Total selling, general and administrative expenses |  |  | 38.3 |  |  |  | 2.3 |  |  |  | 1.2 |  |  |  | 1.2 |  |  |  | 43.0 |
Total |  | $ | 70.2 |  |  | $ | 10.7 |  |  | $ | 1.2 |  |  | $ | 1.2 |  |  | $ | 83.3 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 83.9 |
Schedule of Liabilities Recorded for the Restructuring Plan | Liabilities recorded for the Conagra Restructuring Plan and changes therein for the first quarter of fiscal 2021 were as follows:
|  | Balance at May 31, 2020 |  |  | Costs Incurred and Charged to Expense |  |  | Costs Paid or Otherwise Settled |  |  | Changes in Estimates |  |  | Balance at August 30, 2020 |
Severance and related costs |  | $ | 6.5 |  |  | $ | 3.2 |  |  | $ | (1.1 | ) |  | $ | 0.1 |  |  | $ | 8.7 |
Other costs |  |  | — |  |  |  | 1.7 |  |  |  | (1.7 | ) |  |  | — |  |  |  | — |
Total |  | $ | 6.5 |  |  | $ | 4.9 |  |  | $ | (2.8 | ) |  | $ | 0.1 |  |  | $ | 8.7 |

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