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BUSINESS SEGMENTS AND RELATED INFORMATION (Tables) | 12 Months Ended
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May 26, 2024
BUSINESS SEGMENTS AND RELATED INFORMATION |
Schedule of Segment Reporting Information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022
Net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grocery & Snacks | ​ | $ | 4,958.7 | ​ | $ | 4,981.9 | ​ | $ | 4,697.4
Refrigerated & Frozen | ​ | ​ | 4,865.5 | ​ | ​ | 5,156.2 | ​ | ​ | 4,859.3
International | ​ | ​ | 1,078.3 | ​ | ​ | 1,002.5 | ​ | ​ | 970.8
Foodservice | ​ | ​ | 1,148.4 | ​ | ​ | 1,136.4 | ​ | ​ | 1,008.4
Total net sales | ​ | $ | 12,050.9 | ​ | $ | 12,277.0 | ​ | $ | 11,535.9
Operating profit (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grocery & Snacks | ​ | $ | 1,012.4 | ​ | $ | 1,002.8 | ​ | $ | 859.5
Refrigerated & Frozen | ​ | ​ | (92.5) | ​ | ​ | 255.0 | ​ | ​ | 561.1
International | ​ | ​ | 97.9 | ​ | ​ | 121.4 | ​ | ​ | 106.7
Foodservice | ​ | ​ | 157.2 | ​ | ​ | 85.0 | ​ | ​ | 60.3
Total operating profit | ​ | $ | 1,175.0 | ​ | $ | 1,464.2 | ​ | $ | 1,587.6
Equity method investment earnings | ​ | ​ | 177.6 | ​ | ​ | 212.0 | ​ | ​ | 145.3
General corporate expenses | ​ | ​ | 322.2 | ​ | ​ | 388.9 | ​ | ​ | 241.6
Pension and postretirement non-service income | ​ | ​ | 10.3 | ​ | ​ | 24.2 | ​ | ​ | 67.3
Interest expense, net | ​ | ​ | 430.5 | ​ | ​ | 409.6 | ​ | ​ | 379.9
Income tax expense | ​ | ​ | 262.5 | ​ | ​ | 218.7 | ​ | ​ | 290.5
Net income | ​ | $ | 347.7 | ​ | $ | 683.2 | ​ | $ | 888.2
Less: Net income attributable to noncontrolling interests | ​ | ​ | 0.5 | ​ | ​ | (0.4) | ​ | ​ | —
Net income attributable to Conagra Brands, Inc. | ​ | $ | 347.2 | ​ | $ | 683.6 | ​ | $ | 888.2
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022
Frozen | ​ | $ | 4,061.2 | ​ | $ | 4,288.1 | ​ | $ | 4,091.1
Staples | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other shelf-stable | ​ | ​ | 2,834.1 | ​ | ​ | 2,851.9 | ​ | ​ | 2,729.5
Refrigerated | ​ | ​ | 804.3 | ​ | ​ | 868.1 | ​ | ​ | 768.2
Snacks | ​ | ​ | 2,124.6 | ​ | ​ | 2,130.0 | ​ | ​ | 1,967.9
International | ​ | ​ | 1,078.3 | ​ | ​ | 1,002.5 | ​ | ​ | 970.8
Foodservice | ​ | ​ | 1,148.4 | ​ | ​ | 1,136.4 | ​ | ​ | 1,008.4
Total net sales | ​ | $ | 12,050.9 | ​ | $ | 12,277.0 | ​ | $ | 11,535.9

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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