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BUSINESS SEGMENTS AND RELATED INFORMATION (Tables) | 3 Months Ended
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Aug. 29, 2021
Segment Reporting [Abstract] |
Schedule of Segment Operations | General corporate expense, pension and postretirement non-service income, interest expense, net, income taxes, and equity method investment earnings have been excluded from segment operations.
|  | Thirteen weeks ended |
|  | August 29, 2021 |  |  | August 30, 2020 |
Net sales |  |  |  |  |  |  |  |
Grocery & Snacks |  | $ | 1,075.1 |  |  | $ | 1,131.0 |
Refrigerated & Frozen |  |  | 1,101.8 |  |  |  | 1,130.6 |
International |  |  | 236.6 |  |  |  | 219.0 |
Foodservice |  |  | 239.8 |  |  |  | 198.3 |
Total net sales |  | $ | 2,653.3 |  |  | $ | 2,678.9 |
Operating profit |  |  |  |  |  |  |  |
Grocery & Snacks |  | $ | 215.9 |  |  | $ | 283.1 |
Refrigerated & Frozen |  |  | 157.6 |  |  |  | 240.1 |
International |  |  | 34.1 |  |  |  | 38.5 |
Foodservice |  |  | 20.3 |  |  |  | 25.4 |
Total operating profit |  | $ | 427.9 |  |  | $ | 587.1 |
Equity method investment earnings |  |  | 20.2 |  |  |  | 6.5 |
General corporate expense |  |  | 64.6 |  |  |  | 77.2 |
Pension and postretirement non-service income |  |  | (16.1 | ) |  |  | (13.8 | )
Interest expense, net |  |  | 94.2 |  |  |  | 113.7 |
Income tax expense |  |  | 69.7 |  |  |  | 86.7 |
Net income |  | $ | 235.7 |  |  | $ | 329.8 |
Less: Net income attributable to noncontrolling interests |  |  | 0.3 |  |  |  | 0.8 |
Net income attributable to Conagra Brands, Inc. |  | $ | 235.4 |  |  | $ | 329.0 |
The following table presents further disaggregation of our net sales:
|  | Thirteen weeks ended |
|  | August 29, 2021 |  |  | August 30, 2020 |
Frozen |  | $ | 920.4 |  |  | $ | 918.4 |
Staples |  |  |  |  |  |  |  |
Other shelf-stable |  |  | 641.6 |  |  |  | 713.9 |
Refrigerated |  |  | 181.4 |  |  |  | 212.2 |
Snacks |  |  | 433.5 |  |  |  | 417.1 |
Foodservice |  |  | 239.8 |  |  |  | 198.3 |
International |  |  | 236.6 |  |  |  | 219.0 |
Total net sales |  | $ | 2,653.3 |  |  | $ | 2,678.9 |
Schedule of Net Derivative Gains (Losses) from Economic Hedges of Forecasted Commodity Consumption and Foreign Currency Risk | The following table presents the net derivative gains (losses) from economic hedges of forecasted commodity consumption and the foreign currency risk of certain forecasted transactions, under this methodology:
|  | Thirteen weeks ended |
|  | August 29, 2021 |  |  | August 30, 2020 |
Gross derivative gains (losses) incurred |  | $ | 10.2 |  |  | $ | (4.0 | )
Less: Net derivative gains (losses) allocated to reporting segments |  |  | 5.0 |  |  |  | (1.5 | )
Net derivative gains (losses) recognized in general corporate expenses |  | $ | 5.2 |  |  | $ | (2.5 | )
Net derivative gains (losses) allocated to Grocery & Snacks |  | $ | 3.2 |  |  | $ | (1.8 | )
Net derivative gains (losses) allocated to Refrigerated & Frozen |  |  | 4.7 |  |  |  | (1.1 | )
Net derivative gains (losses) allocated to International |  |  | (3.2 | ) |  |  | 1.6 |
Net derivative gains (losses) allocated to Foodservice |  |  | 0.3 |  |  |  | (0.2 | )
Net derivative gains (losses) included in segment operating profit |  | $ | 5.0 |  |  | $ | (1.5 | )

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- Definition Allocation of net derivative gains losses from economic hedges to operating results of reporting segments. + References No definition available. + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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