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RESTRUCTURING ACTIVITIES (Tables) | 3 Months Ended
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Aug. 29, 2021
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 2022):
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 7.6 |  |  | $ | 4.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 12.2 |
Other cost of goods sold |  |  | 3.8 |  |  |  | 7.1 |  |  |  | 0.7 |  |  |  | — |  |  |  | 11.6 |
Total cost of goods sold |  |  | 11.4 |  |  |  | 11.7 |  |  |  | 0.7 |  |  |  | — |  |  |  | 23.8 |
Severance and related costs |  |  | — |  |  |  | 3.5 |  |  |  | 1.5 |  |  |  | 112.2 |  |  |  | 117.2 |
Asset impairment (net of gains on disposal) |  |  | 30.3 |  |  |  | 4.0 |  |  |  | — |  |  |  | 2.6 |  |  |  | 36.9 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7.4 |  |  |  | 7.4 |
Contract/lease termination |  |  | 7.7 |  |  |  | 8.2 |  |  |  | 0.8 |  |  |  | 16.1 |  |  |  | 32.8 |
Consulting/professional fees |  |  | 1.0 |  |  |  | — |  |  |  | 0.8 |  |  |  | 105.7 |  |  |  | 107.5 |
Other selling, general and administrative expenses |  |  | 5.9 |  |  |  | 4.5 |  |  |  | 0.3 |  |  |  | 20.7 |  |  |  | 31.4 |
Total selling, general and administrative expenses |  |  | 44.9 |  |  |  | 20.2 |  |  |  | 3.4 |  |  |  | 264.7 |  |  |  | 333.2 |
Consolidated total |  | $ | 56.3 |  |  | $ | 31.9 |  |  | $ | 4.1 |  |  | $ | 264.7 |  |  | $ | 357.0 |
During the first quarter of fiscal 2022, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan: We recognized the following cumulative (plan inception to August 29, 2021) pre-tax expenses for the Pinnacle Integration Restructuring Plan in our Condensed Consolidated Statement of Earnings:
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 0.6 |  |  | $ | 4.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 5.2 |
Other cost of goods sold |  |  | 2.3 |  |  |  | 3.0 |  |  |  | 0.7 |  |  |  | — |  |  |  | 6.0 |
Total cost of goods sold |  |  | 2.9 |  |  |  | 7.6 |  |  |  | 0.7 |  |  |  | — |  |  |  | 11.2 |
Severance and related costs |  |  | — |  |  |  | 3.4 |  |  |  | 1.5 |  |  |  | 112.2 |  |  |  | 117.1 |
Asset impairment (net of gains on disposal) |  |  | 0.3 |  |  |  | 4.0 |  |  |  | — |  |  |  | 2.6 |  |  |  | 6.9 |
Accelerated depreciation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7.4 |  |  |  | 7.4 |
Contract/lease termination |  |  | 1.8 |  |  |  | — |  |  |  | 0.8 |  |  |  | 16.1 |  |  |  | 18.7 |
Consulting/professional fees |  |  | 0.8 |  |  |  | — |  |  |  | 0.8 |  |  |  | 95.2 |  |  |  | 96.8 |
Other selling, general and administrative expenses |  |  | 2.9 |  |  |  | 1.9 |  |  |  | 0.3 |  |  |  | 17.8 |  |  |  | 22.9 |
Total selling, general and administrative expenses |  |  | 5.8 |  |  |  | 9.3 |  |  |  | 3.4 |  |  |  | 251.3 |  |  |  | 269.8 |
Consolidated total |  | $ | 8.7 |  |  | $ | 16.9 |  |  | $ | 4.1 |  |  | $ | 251.3 |  |  | $ | 281.0 |
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 2022 were as follows:
|  | Balance at May 30, 2021 |  |  | Costs Incurred and Charged to Expense |  |  | Costs Paid or Otherwise Settled |  |  | Changes in Estimates |  |  | Balance at August 29, 2021 |
Severance and related costs |  | $ | 5.1 |  |  | $ | — |  |  | $ | (0.9 | ) |  | $ | (0.2 | ) |  | $ | 4.0 |
Contract/lease termination |  |  | — |  |  |  | 0.2 |  |  |  | (0.2 | ) |  |  | — |  |  |  | — |
Consulting/professional fees |  |  | 3.9 |  |  |  | 5.8 |  |  |  | (5.3 | ) |  |  | — |  |  |  | 4.4 |
Other costs |  |  | — |  |  |  | 1.5 |  |  |  | (1.5 | ) |  |  | — |  |  |  | — |
Total |  | $ | 9.0 |  |  | $ | 7.5 |  |  | $ | (7.9 | ) |  | $ | (0.2 | ) |  | $ | 8.4 |
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 2022):
|  | Grocery & Snacks |  |  | Refrigerated & Frozen |  |  | International |  |  | Foodservice |  |  | Corporate |  |  | Total |
Accelerated depreciation |  | $ | 34.7 |  |  | $ | 39.1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 73.8 |
Other cost of goods sold |  |  | 8.9 |  |  |  | 1.3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10.2 |
Total cost of goods sold |  |  | 43.6 |  |  |  | 40.4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 84.0 |
Severance and related costs |  |  | 12.6 |  |  |  | 1.1 |  |  |  | 1.1 |  |  |  | 0.3 |  |  |  | 2.6 |  |  |  | 17.7 |
Asset impairment (net of gains on disposal) |  |  | 26.9 |  |  |  | 0.3 |  |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | 27.3 |
Contract/lease termination |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.2 |  |  |  | 0.3 |
Consulting/professional fees |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.9 |  |  |  | 0.9 |
Other selling, general and administrative expenses |  |  | 11.1 |  |  |  | 2.6 |  |  |  | — |  |  |  | — |  |  |  | 0.2 |  |  |  | 13.9 |
Total selling, general and administrative expenses |  |  | 50.7 |  |  |  | 4.0 |  |  |  | 1.2 |  |  |  | 0.3 |  |  |  | 3.9 |  |  |  | 60.1 |
Total |  | $ | 94.3 |  |  | $ | 44.4 |  |  | $ | 1.2 |  |  | $ | 0.3 |  |  | $ | 3.9 |  |  | $ | 144.1 |
Pension and postretirement non-service income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 144.7 |
During the first quarter of fiscal 2022, we recognized the following pre-tax expenses for the Conagra Restructuring Plan: We recognized the following cumulative (plan inception to August 29, 2021) pre-tax expenses for the Conagra Restructuring Plan in our Condensed Consolidated Statement of Earnings:
Schedule of Liabilities Recorded for the Restructuring Plan | Liabilities recorded for the Conagra Restructuring Plan and changes therein for the first quarter of fiscal 2022 were as follows:
|  | Balance at May 30, 2021 |  |  | Costs Incurred and Charged to Expense |  |  | Costs Paid or Otherwise Settled |  |  | Changes in Estimates |  |  | Balance at August 29, 2021 |
Severance and related costs |  | $ | 9.7 |  |  | $ | 2.3 |  |  | $ | (0.7 | ) |  | $ | (1.3 | ) |  | $ | 10.0 |
Other costs |  |  | — |  |  |  | 1.4 |  |  |  | (1.4 | ) |  |  | — |  |  |  | — |
Total |  | $ | 9.7 |  |  | $ | 3.7 |  |  | $ | (2.1 | ) |  | $ | (1.3 | ) |  | $ | 10.0 |

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