XML 54 R44.htm IDEA: XBRL DOCUMENT
v3.20.4

LONG-TERM DEBT AND REVOLVING CREDIT FACILITY - Narrative (Details) - USD ($) |  | 3 Months Ended | 6 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | ---
Dec. 23, 2020 | Feb. 28, 2021 | Nov. 29, 2020 | Aug. 30, 2020 | May 31, 2020 | Feb. 23, 2020 | Aug. 25, 2019 | Nov. 29, 2020 | Nov. 24, 2019 | May 31, 2020 | Nov. 27, 2022 | Aug. 29, 2021
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long-term debt |  |  |  |  |  |  |  | $ 1,881,700,000 | $ 210,900,000 |  |  |
Net loss on early extinguishment of debt |  |  |  |  |  |  |  | $ 44,300,000 | $ 300,000 |  |  |
Required minimum ratio of EBITDA to interest expense |  |  |  | 300.00% |  |  |  |  |  |  |  |
Scenario, Forecast |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Ratio of funded debt to EBITDA (maximum) |  |  |  |  |  |  |  |  |  |  | 375.00% | 475.00%
Credit Agreement |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  | $ 600,000,000.0 |  |  |  |  | $ 600,000,000.0 |  |
Increase to aggregate principal amount |  |  |  |  | 750,000,000.0 |  |  |  |  | 750,000,000.0 |  |
Term Loan Credit Agreement |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long-term debt |  |  |  |  |  | $ 200,000,000.0 | $ 200,000,000.0 |  |  |  |  |
Three-year Term Loans Maturing on October 26, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long-term debt |  |  |  |  |  | 100,000,000.0 | 100,000,000.0 |  |  |  |  |
Five-year Term Loans Maturing on October 26, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long-term debt |  |  |  |  |  | 100,000,000.0 | $ 100,000,000.0 |  |  |  |  |
Senior Debt |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Charge recognized upon early retirement of debt |  |  | $ 44,300,000 |  |  |  |  |  |  |  |  |
Senior Debt | 3.8% Senior Notes due October 22, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long-term debt |  |  | $ 1,200,000,000 |  |  |  |  |  |  |  |  |
Stated interest rate |  |  | 3.80% |  |  |  |  | 3.80% |  |  |  |
Senior Debt | 1.375% Senior Notes due November 01, 2027 |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Stated interest rate |  |  | 1.375% |  |  |  |  | 1.375% |  |  |  |
Aggregate principal amount |  |  | $ 1,000,000,000.0 |  |  |  |  | $ 1,000,000,000.0 |  |  |  |
Senior Debt | Floating Rate Notes due on October 9, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long-term debt |  |  | 500,000,000.0 |  |  |  |  |  |  |  |  |
Senior Debt | 3.2% Senior Notes due January 25, 2023 | Subsequent Event |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long-term debt | $ 400,000,000.0 |  |  |  |  |  |  |  |  |  |  |
Stated interest rate | 3.20% |  |  |  |  |  |  |  |  |  |  |
Senior Debt | 3.2% Senior Notes due January 25, 2023 | Scenario, Forecast |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Net loss on early extinguishment of debt |  | $ 24,400,000 |  |  |  |  |  |  |  |  |  |
Senior Debt | 4.95% Senior Notes due August 15, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long-term debt |  |  |  | $ 126,600,000 |  |  |  |  |  |  |  |
Stated interest rate |  |  |  | 4.95% |  |  |  |  |  |  |  |
Senior Debt | Floating Rate Notes due October 22, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long-term debt |  |  |  |  | $ 275,000,000.0 | $ 250,000,000.0 |  |  |  | $ 525,000,000.0 |  |
The Facility |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  | 1,600,000,000 |  |  |  |  | 1,600,000,000 |  |  |  |
Maximum additional borrowing capacity |  |  | 2,100,000,000 |  |  |  |  | 2,100,000,000 |  |  |  |
Outstanding borrowings |  |  | $ 0 |  |  |  |  | $ 0 |  |  |  |
The Facility | Minimum |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Duration of additional extension terms available for credit facility |  |  |  |  |  |  |  | 1 year |  |  |  |
The Facility | Maximum |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Duration of additional extension terms available for credit facility |  |  |  |  |  |  |  | 2 years |  |  |  |

X
- Definition Debt Instrument, Covenants, Funded Debt to EBITDA + References No definition available. + Details
Name: | cag_DebtInstrumentCovenantsFundedDebtToEBITDA
Namespace Prefix: | cag_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Required Minimum Ratio of Earnings Before Interest, Taxes, Depreciation and Amortization to Interest Expense + References No definition available. + Details
Name: | cag_DebtInstrumentRequiredMinimumRatioOfEarningsBeforeInterestTaxesDepreciationAndAmortizationToInterestExpense
Namespace Prefix: | cag_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Term, Extension Period + References No definition available. + Details
Name: | cag_DebtInstrumentTermExtensionPeriod
Namespace Prefix: | cag_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Maximum Borrowing Capacity After Increase With Consent Of Lenders + References No definition available. + Details
Name: | cag_LineOfCreditFacilityMaximumBorrowingCapacityAfterIncreaseWithConsentOfLenders
Namespace Prefix: | cag_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line of credit facility maximum borrowing capacity increase in amount. + References No definition available. + Details
Name: | cag_LineOfCreditFacilityMaximumBorrowingCapacityIncreaseInAmount
Namespace Prefix: | cag_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12355-112629 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12317-112629 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of cash outflow for cost from early extinguishment and prepayment of debt. Includes, but is not limited to, third-party cost, premium paid, and other fee paid to lender directly for debt extinguishment or debt prepayment. Excludes accrued interest. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585 + Details
Name: | us-gaap_PaymentsOfDebtExtinguishmentCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfLongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | srt_StatementScenarioAxis=srt_ScenarioForecastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cag_UnsecuredTermLoanAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cag_TermLoanCreditAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cag_ThreeYearTermLoansMaturingOnOctober262021Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cag_FiveYearTermLoansMaturingOnOctober262023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cag_A38SeniorNotesDueOctober222021Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cag_A1375SeniorNotesDueNovember012027Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cag_FloatingRateNotesDueOnOctoberNineTwentyTwentyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cag_A32SeniorNotesDueJanuary252023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cag_A495SeniorNotesDueAugust152020Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cag_FloatingRateNotesDueOctober222020Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |