XML 57 R43.htm IDEA: XBRL DOCUMENT
v3.21.2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
--- | ---
May 30, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Assets and Liabilities and Amounts Representing Right to Reclaim or Obligation to Return Cash Collateral | Derivative assets and liabilities and amounts representing a right to reclaim cash collateral or obligation to return cash collateral were reflected in our Consolidated Balance Sheets as follows:
|  | May 30, 2021 |  |  | May 31, 2020 |
Prepaid expenses and other current assets |  | $ | 15.5 |  |  | $ | 8.0 |
Other accrued liabilities |  |  | 6.9 |  |  |  | 0.4 |
Schedule of Derivative Assets and Liabilities on a Gross Basis | The following table presents our derivative assets and liabilities at May 30, 2021, on a gross basis, prior to the setoff of $7.4 million to total derivative assets and $5.4 million to total derivative liabilities where legal right of setoff existed:
|  | Derivative Assets |  |  | Derivative Liabilities |
|  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |
Commodity contracts |  | Prepaid expenses and other current assets |  | $ | 22.9 |  |  | Other accrued liabilities |  | $ | 5.4 |
Foreign exchange contracts |  | Prepaid expenses and other current assets |  |  | — |  |  | Other accrued liabilities |  |  | 6.9 |
Total derivatives not designated as hedging instruments |  |  |  | $ | 22.9 |  |  |  |  | $ | 12.3 |
The following table presents our derivative assets and liabilities, at May 31, 2020, on a gross basis, prior to the setoff of $0.4 million to total derivative assets and $1.5 million to total derivative liabilities where legal right of setoff existed:
|  | Derivative Assets |  |  | Derivative Liabilities |
|  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |
Commodity contracts |  | Prepaid expenses and other current assets |  | $ | 3.3 |  |  | Other accrued liabilities |  | $ | 1.9 |
Foreign exchange contracts |  | Prepaid expenses and other current assets |  |  | 5.1 |  |  | Other accrued liabilities |  |  | — |
Total derivatives not designated as hedging instruments |  |  |  | $ | 8.4 |  |  |  |  | $ | 1.9 |
Schedule of Location and Amount of Gains (Losses) from Derivatives Not Designated as Hedging Instruments | The location and amount of gains (losses) from derivatives not designated as hedging instruments in our Consolidated Statements of Earnings were as follows:
|  | For the Fiscal Year Ended May 30, 2021 |
Derivatives Not Designated as Hedging Instruments |  | Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives |  | Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings |
Commodity contracts |  | Cost of goods sold |  | $ | 26.6 |
Foreign exchange contracts |  | Cost of goods sold |  |  | (17.1 | )
Total gains from derivative instruments not designated as hedging instruments |  |  |  | $ | 9.5 |
|  | For the Fiscal Year Ended May 31, 2020 |
Derivatives Not Designated as Hedging Instruments |  | Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives |  | Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings |
Commodity contracts |  | Cost of goods sold |  | $ | (18.4 | )
Foreign exchange contracts |  | Cost of goods sold |  |  | 5.5 |
Total losses from derivative instruments not designated as hedging instruments |  |  |  | $ | (12.9 | )
|  | For the Fiscal Year Ended May 26, 2019 |
Derivatives Not Designated as Hedging Instruments |  | Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives |  | Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings |
Commodity contracts |  | Cost of goods sold |  | $ | (5.3 | )
Foreign exchange contracts |  | Cost of goods sold |  |  | 1.7 |
Total losses from derivative instruments not designated as hedging instruments |  |  |  | $ | (3.6 | )

X
- Definition Schedule of derivative instruments in statement of financial position, gross, fair value. + References No definition available. + Details
Name: | cag_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionGrossFairValueTableTextBlock
Namespace Prefix: | cag_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration