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STOCKHOLDERS' EQUITY | 9 Months Ended
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Feb. 27, 2022
Equity [Abstract] |
STOCKHOLDERS' EQUITY | 13. STOCKHOLDERS' EQUITY The following table presents a reconciliation of our stockholders' equity accounts for the thirty-nine weeks ended February 27, 2022:
|  | 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 |
Stock option and incentive plans |  |  |  |  |  |  |  |  |  |  | 12.1 |  |  |  | (0.6 | ) |  |  |  |  |  |  | 0.3 |  |  | 0.1 |  |  |  | 11.9 |
Currency translation adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (16.2 | ) |  |  |  |  |  |  | (1.5 | ) |  |  | (17.7 | )
Derivative adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.4 |  |  |  |  |  |  |  |  |  |  |  | 1.4 |
Activities of noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.4 |  |  |  | 0.4 |
Pension and postretirement healthcare benefits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.6 | ) |  |  |  |  |  |  |  |  |  |  | (0.6 | )
Dividends declared on common stock; $0.3125 per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (149.9 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (149.9 | )
Net income attributable to Conagra Brands, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 275.5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 275.5 |
Balance at November 28, 2021 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,317.1 |  |  | $ | 6,473.3 |  |  | $ | (24.8 | ) |  | $ | (3,007.8 | ) |  | $ | 77.9 |  |  | $ | 8,756.9 |
Stock option and incentive plans |  |  |  |  |  |  |  |  |  |  | 11.1 |  |  |  | (0.5 | ) |  |  |  |  |  |  | 5.1 |  |  | 0.4 |  |  |  | 16.1 |
Currency translation adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10.8 |  |  |  |  |  |  |  | (0.1 | ) |  |  | 10.7 |
Derivative adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 |  |  |  |  |  |  |  |  |  |  |  | 1.3 |
Activities of noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.5 |  |  |  | 0.5 |
Pension and postretirement healthcare benefits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.6 | ) |  |  |  |  |  |  |  |  |  |  | (0.6 | )
Dividends declared on common stock; $0.3125 per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (150.0 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (150.0 | )
Net income attributable to Conagra Brands, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 218.4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 218.4 |
Balance at February 27, 2022 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,328.2 |  |  | $ | 6,541.2 |  |  | $ | (13.3 | ) |  | $ | (3,002.7 | ) |  | $ | 78.7 |  |  | $ | 8,853.3 |
The following table presents a reconciliation of our stockholders' equity accounts for the thirty-nine weeks ended February 28, 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 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 |
Stock option and incentive plans |  |  |  |  |  |  |  |  |  |  | 7.1 |  |  |  | (0.5 | ) |  |  |  |  |  |  | 3.4 |  |  | 0.2 |  |  |  | 10.2 |
Currency translation adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.1 |  |  |  |  |  |  |  |  |  |  |  | 0.1 |
Repurchase of common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (298.1 | ) |  |  |  |  |  |  | (298.1 | )
Derivative adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.1 | ) |  |  |  |  |  |  |  |  |  |  | (0.1 | )
Activities of noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.3 |  |  |  | 0.3 |
Pension and postretirement healthcare benefits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.6 | ) |  |  |  |  |  |  |  |  |  |  | (0.6 | )
Dividends declared on common stock; $0.275 per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (132.9 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (132.9 | )
Net income attributable to Conagra Brands, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 281.4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 281.4 |
Balance at February 28, 2021 |  |  | 584.2 |  |  | $ | 2,921.2 |  |  | $ | 2,319.1 |  |  | $ | 6,086.7 |  |  | $ | (85.7 | ) |  | $ | (2,989.5 | ) |  | $ | 78.0 |  |  | $ | 8,329.8 |

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