XML 39 R30.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 14 - Business Segments and Related Information (Tables) | 6 Months Ended
--- | ---
Nov. 27, 2022
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Thirteen Weeks Ended |  |  | Twenty-Six Weeks Ended |
|  | November 27, 2022 |  |  | November 28, 2021 |  |  | November 27, 2022 |  |  | November 28, 2021 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Grocery & Snacks |  | $ | 1,349.9 |  |  | $ | 1,264.5 |  |  | $ | 2,538.2 |  |  | $ | 2,339.6 |
Refrigerated & Frozen |  |  | 1,421.5 |  |  |  | 1,285.9 |  |  |  | 2,629.1 |  |  |  | 2,387.7 |
International |  |  | 258.7 |  |  |  | 262.2 |  |  |  | 492.2 |  |  |  | 498.8 |
Foodservice |  |  | 282.8 |  |  |  | 246.3 |  |  |  | 557.7 |  |  |  | 486.1 |
Total net sales |  | $ | 3,312.9 |  |  | $ | 3,058.9 |  |  | $ | 6,217.2 |  |  | $ | 5,712.2 |
Operating profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Grocery & Snacks |  | $ | 340.4 |  |  | $ | 249.2 |  |  | $ | 590.8 |  |  | $ | 465.1 |
Refrigerated & Frozen |  |  | 250.3 |  |  |  | 168.3 |  |  |  | 34.0 |  |  |  | 325.9 |
International |  |  | 36.9 |  |  |  | 37.1 |  |  |  | 63.8 |  |  |  | 71.2 |
Foodservice |  |  | 28.5 |  |  |  | 13.8 |  |  |  | 29.7 |  |  |  | 34.1 |
Total operating profit |  | $ | 656.1 |  |  | $ | 468.4 |  |  | $ | 718.3 |  |  | $ | 896.3 |
Equity method investment earnings |  |  | 49.3 |  |  |  | 29.5 |  |  |  | 98.5 |  |  |  | 49.7 |
General corporate expense |  |  | 106.5 |  |  |  | 59.0 |  |  |  | 190.0 |  |  |  | 123.6 |
Pension and postretirement non-service income |  |  | (6.1 | ) |  |  | (16.1 | ) |  |  | (12.2 | ) |  |  | (32.2 | )
Interest expense, net |  |  | 100.3 |  |  |  | 94.9 |  |  |  | 197.4 |  |  |  | 189.1 |
Income tax expense |  |  | 122.5 |  |  |  | 84.2 |  |  |  | 136.9 |  |  |  | 153.9 |
Net income |  | $ | 382.2 |  |  | $ | 275.9 |  |  | $ | 304.7 |  |  | $ | 511.6 |
Less: Net income attributable to noncontrolling interests |  |  | 0.3 |  |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 0.7 |
Net income attributable to Conagra Brands, Inc. |  | $ | 381.9 |  |  | $ | 275.5 |  |  | $ | 304.4 |  |  | $ | 510.9 |
|  | Thirteen Weeks Ended |  |  | Twenty-Six Weeks Ended |
|  | November 27, 2022 |  |  | November 28, 2021 |  |  | November 27, 2022 |  |  | November 28, 2021 |
Frozen |  | $ | 1,157.5 |  |  | $ | 1,073.1 |  |  | $ | 2,165.9 |  |  | $ | 1,993.5 |
Staples |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other shelf-stable |  |  | 758.4 |  |  |  | 724.6 |  |  |  | 1,448.5 |  |  |  | 1,366.2 |
Refrigerated |  |  | 264.0 |  |  |  | 212.8 |  |  |  | 463.2 |  |  |  | 394.2 |
Snacks |  |  | 591.5 |  |  |  | 539.9 |  |  |  | 1,089.7 |  |  |  | 973.4 |
Foodservice |  |  | 282.8 |  |  |  | 246.3 |  |  |  | 557.7 |  |  |  | 486.1 |
International |  |  | 258.7 |  |  |  | 262.2 |  |  |  | 492.2 |  |  |  | 498.8 |
Total net sales |  | $ | 3,312.9 |  |  | $ | 3,058.9 |  |  | $ | 6,217.2 |  |  | $ | 5,712.2 |
Allocation of Net Derivative Gains (Losses) from Economic Hedges to Operating Results of Reporting Segments [Table Text Block] |
|  | Thirteen Weeks Ended |  |  | Twenty-Six Weeks Ended |
|  | November 27, 2022 |  |  | November 28, 2021 |  |  | November 27, 2022 |  |  | November 28, 2021 |
Gross derivative gains incurred |  | $ | 5.2 |  |  | $ | 7.0 |  |  | $ | 14.7 |  |  | $ | 17.2 |
Less: Net derivative gains allocated to reporting segments |  |  | 7.6 |  |  |  | 8.8 |  |  |  | 16.6 |  |  |  | 13.8 |
Net derivative gains (losses) recognized in general corporate expenses |  | $ | (2.4 | ) |  | $ | (1.8 | ) |  | $ | (1.9 | ) |  | $ | 3.4 |
Net derivative gains allocated to Grocery & Snacks |  | $ | 2.5 |  |  | $ | 4.7 |  |  | $ | 7.5 |  |  | $ | 7.9 |
Net derivative gains allocated to Refrigerated & Frozen |  |  | 4.3 |  |  |  | 4.6 |  |  |  | 7.6 |  |  |  | 9.3 |
Net derivative gains (losses) allocated to International |  |  | 0.6 |  |  |  | (0.7 | ) |  |  | 0.7 |  |  |  | (3.9 | )
Net derivative gains allocated to Foodservice |  |  | 0.2 |  |  |  | 0.2 |  |  |  | 0.8 |  |  |  | 0.5 |
Net derivative gains included in segment operating profit |  | $ | 7.6 |  |  | $ | 8.8 |  |  | $ | 16.6 |  |  | $ | 13.8 |

X
- Definition Tabular disclosure of allocation of net derivative gains (losses) from economic hedges to operating results of reporting segments. + References No definition available. + Details
Name: | cag_AllocationOfNetDerivativeGainsLossesFromEconomicHedgesToOperatingResultsOfReportingSegmentsTableTextBlock
Namespace Prefix: | cag_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration