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STOCKHOLDERS' EQUITY | 3 Months Ended
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Aug. 29, 2021
Equity [Abstract] |
STOCKHOLDERS' EQUITY | 13. STOCKHOLDERS' EQUITY The following table presents a reconciliation of our stockholders' equity accounts for the thirteen weeks ended August 29, 2021:
|  | 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 30, 2021 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,342.1 |  |  | $ | 6,262.6 |  |  | $ | 5.8 |  |  | $ | (2,979.9 | ) |  | $ | 79.6 |  |  | $ | 8,631.4 |
Stock option and incentive plans |  |  |  |  |  |  |  |  |  |  | (37.1 | ) |  |  | 0.2 |  |  |  |  |  |  |  | 21.8 |  |  |  | 0.3 |  |  |  | (14.8 | )
Currency translation adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (14.4 | ) |  |  |  |  |  |  | (1.3 | ) |  |  | (15.7 | )
Repurchase of common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (50.0 | ) |  |  |  |  |  |  | (50.0 | )
Derivative adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2.1 | ) |  |  |  |  |  |  |  |  |  |  | (2.1 | )
Activities of noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.3 |  |  |  | 0.3 |
Pension and postretirement healthcare benefits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 |  |  |  |  |  |  |  |  |  |  |  | 1.3 |
Dividends declared on common stock; $0.3125 per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (149.9 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (149.9 | )
Net income attributable to Conagra Brands, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 235.4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 235.4 |
Balance at August 29, 2021 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,305.0 |  |  | $ | 6,348.3 |  |  | $ | (9.4 | ) |  | $ | (3,008.1 | ) |  | $ | 78.9 |  |  | $ | 8,635.9 |
The following table presents a reconciliation of our stockholders' equity accounts for the thirteen weeks ended August 30, 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 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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