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STOCKHOLDERS' EQUITY | 6 Months Ended
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Nov. 29, 2020
Equity [Abstract] |
STOCKHOLDERS' EQUITY | 13. STOCKHOLDERS' EQUITY The following table presents a reconciliation of our stockholders' equity accounts for the twenty-six weeks ended November 29, 2020:
|  | Conagra Brands, Inc. Stockholders' Equity |  |  |  |  |  |  |  |  |
|  | Common Shares |  |  | Common Stock |  |  | Additional Paid-in Capital |  |  | Retained Earnings |  |  | Accumulated Other Comprehensive Income (Loss) |  |  | Treasury Stock |  |  | Noncontrolling Interests |  |  | Total Equity |
Balance at May 31, 2020 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,323.2 |  |  | $ | 5,471.2 |  |  | $ | (109.6 | ) |  | $ | (2,729.9 | ) |  | $ | 74.6 |  |  | $ | 7,950.7 |
Stock option and incentive plans |  |  |  |  |  |  |  |  |  |  | (25.4 | ) |  |  | (0.7 | ) |  |  |  |  |  |  | 33.5 |  |  |  |  |  |  |  | 7.4 |
Adoption of ASU 2016-13 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1.1 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1.1 | )
Currency translation adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 15.3 |  |  |  |  |  |  |  | 2.2 |  |  |  | 17.5 |
Derivative adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1.2 | ) |  |  |  |  |  |  |  |  |  |  | (1.2 | )
Activities of noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.8 |  |  |  | 0.8 |
Pension and postretirement healthcare benefits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.3 | ) |  |  |  |  |  |  |  |  |  |  | (0.3 | )
Dividends declared on common stock; $0.2125 per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (103.8 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (103.8 | )
Net income attributable to Conagra Brands, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 329.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 329.0 |
Balance at August 30, 2020 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,297.8 |  |  | $ | 5,694.6 |  |  | $ | (95.8 | ) |  | $ | (2,696.4 | ) |  | $ | 77.6 |  |  | $ | 8,199.0 |
Stock option and incentive plans |  |  |  |  |  |  |  |  |  |  | 14.2 |  |  |  | (0.4 | ) |  |  |  |  |  |  | 1.6 |  |  |  |  |  |  |  | 15.4 |
Currency translation adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11.4 |  |  |  |  |  |  |  | (0.7 | ) |  |  | 10.7 |
Derivative adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.1 | ) |  |  |  |  |  |  |  |  |  |  | (0.1 | )
Activities of noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |  |  |  | 0.6 |
Pension and postretirement healthcare benefits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.6 | ) |  |  |  |  |  |  |  |  |  |  | (0.6 | )
Dividends declared on common stock; $0.275 per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (134.4 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (134.4 | )
Net income attributable to Conagra Brands, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 378.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 378.9 |
Balance at November 29, 2020 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,312.0 |  |  | $ | 5,938.7 |  |  | $ | (85.1 | ) |  | $ | (2,694.8 | ) |  | $ | 77.5 |  |  | $ | 8,469.5 |
The following table presents a reconciliation of our stockholders' equity accounts for the twenty-six weeks ended November 24, 2019:
|  | Conagra Brands, Inc. Stockholders' Equity |  |  |  |  |  |  |  |  |
|  | Common Shares |  |  | Common Stock |  |  | Additional Paid-in Capital |  |  | Retained Earnings |  |  | Accumulated Other Comprehensive Income (Loss) |  |  | Treasury Stock |  |  | Noncontrolling Interests |  |  | Total Equity |
Balance at May 26, 2019 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,286.0 |  |  | $ | 5,047.9 |  |  | $ | (110.3 | ) |  | $ | (2,760.2 | ) |  | $ | 79.1 |  |  | $ | 7,463.7 |
Stock option and incentive plans |  |  |  |  |  |  |  |  |  |  | (8.5 | ) |  |  | (0.3 | ) |  |  |  |  |  |  | 16.0 |  |  |  | (0.2 | ) |  |  | 7.0 |
Currency translation adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8.9 | ) |  |  |  |  |  |  | (2.7 | ) |  |  | (11.6 | )
Derivative adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1.8 | ) |  |  |  |  |  |  |  |  |  |  | (1.8 | )
Activities of noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.5 |  |  |  | 0.5 |
Pension and postretirement healthcare benefits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11.4 | ) |  |  |  |  |  |  |  |  |  |  | (11.4 | )
Dividends declared on common stock; $0.2125 per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (103.4 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (103.4 | )
Net income attributable to Conagra Brands, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 173.8 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 173.8 |
Balance at August 25, 2019 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,277.5 |  |  | $ | 5,118.0 |  |  | $ | (132.4 | ) |  | $ | (2,744.2 | ) |  | $ | 76.7 |  |  | $ | 7,516.8 |
Stock option and incentive plans |  |  |  |  |  |  |  |  |  |  | 9.4 |  |  |  | (0.4 | ) |  |  |  |  |  |  | 4.5 |  |  |  |  |  |  |  | 13.5 |
Currency translation adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.5 |  |  |  |  |  |  |  |  |  |  |  | 3.5 |
Derivative adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1.4 | ) |  |  |  |  |  |  |  |  |  |  | (1.4 | )
Activities of noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.8 |  |  |  | 1.8 |
Pension and postretirement healthcare benefits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.7 | ) |  |  |  |  |  |  |  |  |  |  | (0.7 | )
Dividends declared on common stock; $0.2125 per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (103.4 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (103.4 | )
Net income attributable to Conagra Brands, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 260.5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 260.5 |
Balance at November 24, 2019 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,286.9 |  |  | $ | 5,274.7 |  |  | $ | (131.0 | ) |  | $ | (2,739.7 | ) |  | $ | 78.5 |  |  | $ | 7,690.6 |

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