Conagra Brands (CAG) 10-Q 6 Jan 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Nov. 28, 2021shares
Cover [Abstract]
Entity Registrant Name	CONAGRA BRANDS, INC.
Entity Central Index Key	0000023217
Current Fiscal Year End Date	--05-29
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Nov. 28, 2021
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding	479,697,731
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity File Number	1-7275
Entity Tax Identification Number	47-0248710
Entity Address, Address Line One	222 W. Merchandise Mart Plaza
Entity Address, Address Line Two	Suite 1300
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60654
City Area Code	(312)
Local Phone Number	549-5000
Entity Incorporation, State or Country Code	DE
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, $5.00 par value
Trading Symbol	CAG
Security Exchange Name	NYSE

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020
Income Statement [Abstract]
Net sales	$ 3,058.9	$ 2,995.2	$ 5,712.2	$ 5,674.1
Costs and expenses:
Cost of goods sold	2,304.1	2,106.3	4,284	3,975
Selling, general and administrative expenses	345.4	357.7	655.5	658
Pension and postretirement non-service income	(16.1)	(13.7)	(32.2)	(27.5)
Interest expense, net	94.9	107.7	189.1	221.4
Income before income taxes and equity method investment earnings	330.6	437.2	615.8	847.2
Income tax expense	84.2	80.7	153.9	167.4
Equity method investment earnings	29.5	23	49.7	29.5
Net income	275.9	379.5	511.6	709.3
Less: Net income attributable to noncontrolling interests	0.4	0.6	0.7	1.4
Net income attributable to Conagra Brands, Inc.	$ 275.5	$ 378.9	$ 510.9	$ 707.9
Earnings per share — basic
Net income attributable to Conagra Brands, Inc. common stockholders	$ 0.57	$ 0.77	$ 1.06	$ 1.45
Earnings per share — diluted
Net income attributable to Conagra Brands, Inc. common stockholders	$ 0.57	$ 0.77	$ 1.06	$ 1.44

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020
Net income
Pre-Tax Amount	$ 360.1	$ 460.2	$ 665.5	$ 876.7
Tax (Expense) Benefit	(84.2)	(80.7)	(153.9)	(167.4)
Net income	275.9	379.5	511.6	709.3
Unrealized derivative adjustments
Pre-Tax Amount	2.2	1.1	(0.3)	0.5
Tax (Expense) Benefit	(0.5)	(0.3)	0.1	(0.2)
After-Tax Amount	1.7	0.8	(0.2)	0.3
Reclassification for derivative adjustments included in net income
Pre-Tax Amount	(0.3)	(1.2)	(0.6)	(2.1)
Tax (Expense) Benefit	0	0.3	0.1	0.5
After-Tax Amount	(0.3)	(0.9)	(0.5)	(1.6)
Unrealized currency translation gains (losses)
Pre-Tax Amount	(17.7)	10.8	(33.4)	28.8
Tax (Expense) Benefit	0	(0.1)	0	(0.6)
After-Tax Amount	(17.7)	10.7	(33.4)	28.2
Unrealized pension and post-employment benefit obligations
Pre-Tax Amount			2.1	0.4
Tax (Expense) Benefit			(0.2)	(0.1)
After-Tax Amount			1.9	0.3
Reclassification for pension and post-employment benefit obligations included in net income
Pre-Tax Amount	(0.9)	(0.8)	(1.7)	(1.6)
Tax (Expense) Benefit	0.3	0.2	0.5	0.4
After-Tax Amount	(0.6)	(0.6)	(1.2)	(1.2)
Comprehensive income
Pre-Tax Amount	343.4	470.1	631.6	902.7
Tax (Expense) Benefit	(84.4)	(80.6)	(153.4)	(167.4)
After-Tax Amount	259	389.5	478.2	735.3
Comprehensive income (loss) attributable to noncontrolling interests
Pre-Tax Amount	(1)	0	(1.9)	3.3
Tax (Expense) Benefit	(0.1)	(0.1)	(0.2)	(0.4)
After-Tax Amount	(1.1)	(0.1)	(2.1)	2.9
Comprehensive income attributable to Conagra Brands, Inc.
Pre-Tax Amount	344.4	470.1	633.5	899.4
Tax (Expense) Benefit	(84.3)	(80.5)	(153.2)	(167)
After-Tax Amount	$ 260.1	$ 389.6	$ 480.3	$ 732.4

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 28, 2021	May 30, 2021
Current assets
Cash and cash equivalents	$ 68.7	$ 79.2
Receivables, less allowance for doubtful accounts of $3.0 and $3.2	977.2	793.9
Inventories	1,858.7	1,709.7
Prepaid expenses and other current assets	111.1	95
Current assets held for sale	23.6	24.3
Total current assets	3,039.3	2,702.1
Property, plant and equipment	5,713.6	5,564.8
Less accumulated depreciation	(3,090.8)	(2,992.8)
Property, plant and equipment, net	2,622.8	2,572
Goodwill	11,332	11,338.9
Brands, trademarks and other intangibles, net	4,092.2	4,124.6
Other assets	1,441	1,344.7
Noncurrent assets held for sale	64.7	113.3
Total assets	22,592	22,195.6
Current liabilities
Notes payable	585.8	707.4
Current installments of long-term debt	270.6	23.1
Accounts payable	1,596.9	1,655.9
Accrued payroll	114.6	175.2
Other accrued liabilities	707.4	743
Current liabilities held for sale	1.7	1.6
Total current liabilities	3,277	3,306.2
Senior long-term debt, excluding current installments	8,527.8	8,275.2
Other noncurrent liabilities	2,027.9	1,979.6
Noncurrent liabilities held for sale	2.4	3.2
Total liabilities	13,835.1	13,564.2
Common stockholders' equity
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229	2,921.2	2,921.2
Additional paid-in capital	2,317.1	2,342.1
Retained earnings	6,473.3	6,262.6
Accumulated other comprehensive income (loss)	(24.8)	5.8
Less treasury stock, at cost, 104,521,498 and 103,934,839 common shares	(3,007.8)	(2,979.9)
Total Conagra Brands, Inc. common stockholders' equity	8,679	8,551.8
Noncontrolling interests	77.9	79.6
Total stockholders' equity	8,756.9	8,631.4
Total liabilities and stockholders' equity	$ 22,592	$ 22,195.6

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Nov. 28, 2021	May 30, 2021
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 3	$ 3.2
Common stock, par value (in dollars per share)	$ 5	$ 5
Common stock, authorized (in shares)	1,200,000,000	1,200,000,000
Common stock, issued (in shares)	584,219,229	584,219,229
Treasury stock, at cost (in shares)	104,521,498	103,934,839

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020
Cash flows from operating activities:
Net income	$ 511.6	$ 709.3
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	193.5	193
Asset impairment charges	41.6	3.9
Loss on extinguishment of debt	0	44.3
Gain on divestiture	0	(5.3)
Equity method investment earnings in excess of distributions	(24.2)	(8.4)
Stock-settled share-based payments expense	14.3	30.9
Contributions to pension plans	(4.9)	(20.7)
Pension benefit	(25.5)	(19.1)
Other items	(14.5)	14.2
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:
Receivables	(183.3)	(88.3)
Inventories	(148.4)	(247.2)
Deferred income taxes and income taxes payable, net	(13.9)	(39.9)
Prepaid expenses and other current assets	(10.4)	(39.8)
Accounts payable	(14.1)	111.2
Accrued payroll	(60.6)	(58)
Other accrued liabilities	0.9	(67.9)
Deferred employer payroll taxes	0	29.2
Net cash flows from operating activities	262.1	541.4
Cash flows from investing activities:
Additions to property, plant and equipment	(257.5)	(282)
Sale of property, plant and equipment	9.9	1
Purchase of marketable securities	(1.9)	(4.1)
Sale of marketable securities	1.9	6
Proceeds from divestitures	0.1	8.6
Other items	3.3	0
Net cash flows from investing activities	(244.2)	(270.5)
Cash flows from financing activities:
Issuance of short-term borrowings, maturities greater than 90 days	392.6	298.6
Repayment of short-term borrowings, maturities greater than 90 days	(249.8)	0
Net issuance (repayment) of other short-term borrowings	(264.4)	68.9
Issuance of long-term debt	499.1	988.2
Repayment of long-term debt	(29.4)	(1,881.7)
Debt issuance costs	(2.5)	(5.4)
Repurchase of Conagra Brands, Inc. common shares	(50)	0
Payment of intangible asset financing arrangement	(12.6)	(12.9)
Cash dividends paid	(282)	(207.3)
Exercise of stock options and issuance of other stock awards, including tax withholdings	(17.4)	(8.4)
Other items	(7.3)	0
Net cash flows from financing activities	(23.7)	(760)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(5.7)	3.8
Net change in cash and cash equivalents and restricted cash	(11.5)	(485.3)
Cash and cash equivalents and restricted cash at beginning of period	80.2	554.3
Cash and cash equivalents and restricted cash at end of period	$ 68.7	$ 69

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Nov. 28, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The unaudited financial information reflects all adjustments, which are, in the opinion of management, necessary for a fair presentation of the results of operations, financial position, and cash flows for the periods presented. The adjustments are of a normal recurring nature, except as otherwise noted. These Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes included in the Conagra Brands, Inc. (the "Company", "Conagra Brands", "we", "us", or "our") Annual Report on Form 10-K for the fiscal year ended May 30, 2021. The results of operations for any quarter or a partial fiscal year period are not necessarily indicative of the results to be expected for other periods or the full fiscal year. Basis of Consolidation — The Condensed Consolidated Financial Statements include the accounts of Conagra Brands and all majority-owned subsidiaries. All significant intercompany investments, accounts, and transactions have been eliminated. Revenue Recognition — Our revenues primarily consist of the sale of food products that are sold to retailers and foodservice customers through direct sales forces, broker, and distributor arrangements. These revenue contracts generally have single performance obligations. Revenue, which includes shipping and handling charges billed to the customer, is reported net of consideration payable to our customers, including applicable discounts, returns, allowances, trade promotion, consumer coupon redemption, unsaleable product, and other costs. Amounts billed and due from our customers are classified as receivables and require payment on a short-term basis and, therefore, we do not have any significant financing components. We recognize revenue when (or as) performance obligations are satisfied by transferring control of the goods to customers. Control is transferred upon delivery of the goods to the customer. Shipping and/or handling costs that occur before the customer obtains control of the goods are deemed to be fulfillment activities and are accounted for as fulfillment costs. We assess the goods and services promised in our customers' purchase orders and identify a performance obligation for each promise to transfer a good or service (or bundle of goods or services) that is distinct. We offer various forms of trade promotions and the methodologies for determining these provisions are dependent on local customer pricing and promotional practices, which range from contractually fixed percentage price reductions to provisions based on actual occurrence or performance. Our promotional activities are conducted either through the retail trade or directly with consumers and include activities such as in-store displays and events, feature price discounts, consumer coupons, and loyalty programs. The costs of these activities are recognized at the time the related revenue is recorded, which normally precedes the actual cash expenditure. The recognition of these costs therefore requires management judgment regarding the volume of promotional offers that will be redeemed by either the retail trade or consumer. These estimates are made using various techniques including historical data on performance of similar promotional programs. Differences between estimated expense and actual redemptions are recognized as a change in management estimate in a subsequent period. Comprehensive Income — Comprehensive income includes net income, currency translation adjustments, certain derivative-related activity, and changes in prior service cost and net actuarial gains (losses) from pension (for amounts not in excess of the 10% "corridor") and postretirement health care plans. On foreign investments we deem to be essentially permanent in nature, we do not provide for taxes on currency translation adjustments arising from converting an investment denominated in a foreign currency to U.S. dollars. When we determine that a foreign investment, as well as undistributed earnings, are no longer permanent in nature, estimated taxes will be provided for the related deferred tax liability (asset), if any, resulting from currency translation adjustments. The following table details the accumulated balances for each component of other comprehensive income (loss), net of tax: November 28, 2021 May 30, 2021 Currency translation losses, net of reclassification adjustments $ (107.7 ) $ (77.1 ) Derivative adjustments, net of reclassification adjustments 23.6 24.3 Pension and postretirement benefit obligations, net of reclassification adjustments 59.3 58.6 Accumulated other comprehensive income (loss) $ (24.8 ) $ 5.8 The following table summarizes the reclassifications from accumulated other comprehensive income (loss) into income: Thirteen Weeks Ended Affected Line Item in the Condensed Consolidated Statement of Earnings 1 November 28, 2021 November 29, 2020 Net derivative adjustments: Cash flow hedges $ (0.7 ) $ (0.7 ) Interest expense, net Cash flow hedges — (0.5 ) Selling, general and administrative expenses Cash flow hedges 0.4 — Equity method investment earnings (0.3 ) (1.2 ) Total before tax — 0.3 Income tax expense $ (0.3 ) $ (0.9 ) Net of tax Pension and postretirement liabilities: Net prior service cost $ 0.1 $ 0.1 Pension and postretirement non-service income Net actuarial gain (1.0 ) (0.9 ) Pension and postretirement non-service income (0.9 ) (0.8 ) Total before tax 0.3 0.2 Income tax expense $ (0.6 ) $ (0.6 ) Net of tax Twenty-Six Weeks Ended Affected Line Item in the Condensed Consolidated Statement of Earnings 1 November 28, 2021 November 29, 2020 Net derivative adjustment, net of tax: Cash flow hedges $ (1.5 ) $ (1.6 ) Interest expense, net Cash flow hedges — (0.5 ) Selling, general and administrative expenses Cash flow hedges 0.9 — Equity method investment earnings (0.6 ) (2.1 ) Total before tax 0.1 0.5 Income tax expense $ (0.5 ) $ (1.6 ) Net of tax Pension and postretirement liabilities: Net prior service cost $ 0.1 $ 0.2 Pension and postretirement non-service income Net actuarial gain (1.8 ) (1.8 ) Pension and postretirement non-service income (1.7 ) (1.6 ) Total before tax 0.5 0.4 Income tax expense $ (1.2 ) $ (1.2 ) Net of tax 1 Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Earnings. Cash and cash equivalents — Cash and all highly liquid investments with an original maturity of three months or less at the date of acquisition, including short-term time deposits and government agency and corporate obligations, are classified as cash and cash equivalents. Inventories — We use the lower of cost (determined using the first-in, first-out method) or net realizable value for valuing inventories. Reclassifications and other changes — Certain prior year amounts have been reclassified to conform with current year presentation. Use of Estimates — Preparation of financial statements in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") requires management to make estimates and assumptions. These estimates and assumptions affect reported amounts of assets, liabilities, revenues, and expenses as reflected in the Condensed Consolidated Financial Statements. Actual results could differ from these estimates.

DIVESTITURES AND ASSETS HELD FO

DIVESTITURES AND ASSETS HELD FOR SALE	6 Months Ended
	Nov. 28, 2021
Discontinued Operations And Disposal Groups [Abstract]
DIVESTITURES AND ASSETS HELD FOR SALE	2. DIVESTITURES AND ASSETS HELD FOR SALE Divestitures During the fourth quarter of fiscal 2021, we completed the sale of our Egg Beaters ® for net proceeds , including working capital adjustments. The business results were previously reported primarily within our Refrigerated & Frozen . During the third quarter of fiscal 2021, we completed the sale of our Peter Pan ® for net proceeds , . The business results were previously reported primarily within our . During the second quarter of fiscal 2021, we completed the sale of our H.K. Anderson ® for net proceeds , including working capital adjustments and recognized a gain on the sale of $5.3 million, included within selling, general and administrative ("SG&A") expenses . The business results were previously reported primarily within our . Other Assets Held for Sale During the second quarter of fiscal 2022, we initiated a plan to sell businesses with operating results included within our Grocery & Snacks, Refrigerated & Frozen, and Foodservice segments. The assets and liabilities have been reclassified as assets and liabilities held for sale within our Condensed Consolidated Balance Sheets for all periods presented and are expected to be sold in the next twelve months. In connection with this planned divestiture, we recognized an impairment charge of $39.2 million within SG&A expenses in the second quarter of fiscal 2022. In addition, we actively market certain other assets from time to time. These assets have been reclassified as assets held for sale within our Condensed Consolidated Balance Sheets for periods prior to the disposal of the individual asset groups. The assets and liabilities classified as held for sale reflected in our Condensed Consolidated Balance Sheets were as follows: November 28, 2021 May 30, 2021 Current assets $ 23.6 $ 24.3 Noncurrent assets (including goodwill of $23.6 million and $34.6 million, respectively) 64.7 113.3 Current liabilities 1.7 1.6 Noncurrent liabilities 2.4 3.2

RESTRUCTURING ACTIVITIES

RESTRUCTURING ACTIVITIES	6 Months Ended
	Nov. 28, 2021
Restructuring And Related Activities [Abstract]
RESTRUCTURING ACTIVITIES	3. RESTRUCTURING ACTIVITIES Pinnacle Integration Restructuring Plan In December 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 second quarter of fiscal 2022): Grocery & Snacks Refrigerated & Frozen International Corporate Total Accelerated depreciation $ 5.2 $ 4.6 $ — $ — $ 9.8 Other cost of goods sold 3.8 6.6 0.7 — 11.1 Total cost of goods sold 9.0 11.2 0.7 — 20.9 Severance and related costs — 3.9 1.5 112.2 117.6 Asset impairment (net of gains on disposal) 27.8 4.1 — 2.5 34.4 Accelerated depreciation — — — 7.4 7.4 Contract/lease termination 6.5 3.7 0.8 16.1 27.1 Consulting/professional fees 1.0 — 0.8 105.9 107.7 Other selling, general and administrative expenses 5.7 4.7 0.3 20.7 31.4 Total selling, general and administrative expenses 41.0 16.4 3.4 264.8 325.6 Consolidated total $ 50.0 $ 27.6 $ 4.1 $ 264.8 $ 346.5 During the second quarter of fiscal 2022, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan: Grocery & Snacks Refrigerated & Frozen Corporate Total Other cost of goods sold $ — $ 1.4 $ — $ 1.4 Total cost of goods sold — 1.4 — 1.4 Severance and related costs — 0.4 — 0.4 Asset impairment (net of gains on disposal) — 0.1 (0.1 ) — Consulting/professional fees 0.1 — 2.7 2.8 Other selling, general and administrative expenses — 0.2 1.0 1.2 Total selling, general and administrative expenses 0.1 0.7 3.6 4.4 Consolidated total $ 0.1 $ 2.1 $ 3.6 $ 5.8 Included in the above results are $4.6 million of charges that have resulted or will result in cash outflows and $1.2 million in non-cash charges. During the first half of fiscal 2022, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan: Grocery & Snacks Refrigerated & Frozen Corporate Total Other cost of goods sold $ — $ 1.5 $ — $ 1.5 Total cost of goods sold — 1.5 — 1.5 Severance and related costs — 0.4 (0.2 ) 0.2 Asset impairment (net of gains on disposal) — 0.1 (0.1 ) — Contract/lease termination — — 0.2 0.2 Consulting/professional fees 0.2 — 8.4 8.6 Other selling, general and administrative expenses 0.1 1.0 1.5 2.6 Total selling, general and administrative expenses 0.3 1.5 9.8 11.6 Consolidated total $ 0.3 $ 3.0 $ 9.8 $ 13.1 Included in the above results are $11.9 million of charges that have resulted or will result in cash outflows and $1.2 million in non-cash charges. We recognized the following cumulative (plan inception to November 28, 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 4.4 0.7 — 7.4 Total cost of goods sold 2.9 9.0 0.7 — 12.6 Severance and related costs — 3.8 1.5 112.2 117.5 Asset impairment (net of gains on disposal) 0.3 4.1 — 2.5 6.9 Accelerated depreciation — — — 7.4 7.4 Contract/lease termination 1.8 — 0.8 16.1 18.7 Consulting/professional fees 0.9 — 0.8 97.9 99.6 Other selling, general and administrative expenses 2.9 2.1 0.3 18.8 24.1 Total selling, general and administrative expenses 5.9 10.0 3.4 254.9 274.2 Consolidated total $ 8.8 $ 19.0 $ 4.1 $ 254.9 $ 286.8 Included in the above results are $252.8 million of charges that have resulted or will result in cash outflows and $34.0 million in non-cash charges. Liabilities recorded for the Pinnacle Integration Restructuring Plan and changes therein for the first half 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 November 28, 2021 Severance and related costs $ 5.1 $ 0.2 $ (1.4 ) $ — $ 3.9 Contract/lease termination — 0.2 (0.2 ) — — Consulting/professional fees 3.9 8.6 (11.5 ) — 1.0 Other costs — 2.9 (2.9 ) — — Total $ 9.0 $ 11.9 $ (16.0 ) $ — $ 4.9 Conagra Restructuring Plan In fiscal 2019, senior management initiated a restructuring plan for costs incurred in connection with actions taken to improve SG&A expense effectiveness and efficiencies and to optimize our supply chain network (the "Conagra Restructuring Plan"). Although we remain unable to make good faith estimates relating to the entire Conagra Restructuring Plan, we are reporting on actions initiated through the end of the second quarter of fiscal 2022, including the estimated amounts or range of amounts for each major type of costs expected to be incurred, and the charges that have resulted or will result in cash outflows. As of November 28, 2021, we have approved the incurrence of $172.6 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 second quarter of fiscal 2022): Grocery & Snacks Refrigerated & Frozen International Foodservice Corporate Total Accelerated depreciation $ 33.2 $ 39.2 $ — $ — $ — $ 72.4 Other cost of goods sold 9.1 3.8 — — — 12.9 Total cost of goods sold 42.3 43.0 — — — 85.3 Severance and related costs 11.7 1.1 1.1 0.3 2.2 16.4 Asset impairment (net of gains on disposal) 23.3 0.4 0.1 — — 23.8 Contract/lease termination 0.1 2.6 — — 0.1 2.8 Consulting/professional fees — — — — 0.9 0.9 Other selling, general and administrative expenses 10.3 2.9 — — 0.4 13.6 Total selling, general and administrative expenses 45.4 7.0 1.2 0.3 3.6 57.5 Total $ 87.7 $ 50.0 $ 1.2 $ 0.3 $ 3.6 $ 142.8 Pension and postretirement non-service income 0.6 Consolidated total $ 143.4 During the second quarter of fiscal 2022, we recognized the following pre-tax expenses for the Conagra Restructuring Plan: Grocery & Snacks Refrigerated & Frozen Corporate Total Accelerated depreciation $ 0.2 $ 4.5 $ — $ 4.7 Other cost of goods sold 3.7 0.1 — 3.8 Total cost of goods sold 3.9 4.6 — 8.5 Severance and related costs (0.4 ) — (0.1 ) (0.5 ) Asset impairment (net of gains on disposal) (3.6 ) 0.1 — (3.5 ) Contract/lease termination 0.1 — — 0.1 Other selling, general and administrative expenses 1.9 — 0.1 2.0 Total selling, general and administrative expenses (2.0 ) 0.1 — (1.9 ) Total $ 1.9 $ 4.7 $ — $ 6.6 Included in the above results are $2.2 million in charges that have resulted or will result in cash outflows and $4.4 million in non-cash charges. During the first half of fiscal 2022, we recognized the following pre-tax expenses for the Conagra Restructuring Plan: Grocery & Snacks Refrigerated & Frozen Foodservice Corporate Total Accelerated depreciation $ 1.2 $ 9.8 $ — $ — $ 11.0 Other cost of goods sold 3.7 0.1 — — 3.8 Total cost of goods sold 4.9 9.9 — — 14.8 Severance and related costs 1.3 (1.2 ) 0.3 0.1 0.5 Asset impairment (net of gains on disposal) (3.8 ) 0.1 — — (3.7 ) Contract/lease termination 0.1 — — — 0.1 Other selling, general and administrative expenses 3.3 — — 0.1 3.4 Total selling, general and administrative expenses 0.9 (1.1 ) 0.3 0.2 0.3 Total $ 5.8 $ 8.8 $ 0.3 $ 0.2 $ 15.1 Included in the above results are $4.6 million in charges that have resulted or will result in cash outflows and $10.5 million in non-cash charges. We recognized the following cumulative (plan inception to November 28, 2021) pre-tax expenses for the Conagra Restructuring Plan in our Condensed Consolidated Statement of Earnings: Grocery & Snacks Refrigerated & Frozen International Foodservice Corporate Total Accelerated depreciation $ 33.2 $ 36.5 $ — $ — $ — $ 69.7 Other cost of goods sold 8.5 0.3 — — — 8.8 Total cost of goods sold 41.7 36.8 — — — 78.5 Severance and related costs 11.7 0.6 1.1 0.3 2.2 15.9 Asset impairment (net of gains on disposal) 23.3 0.4 0.1 — — 23.8 Contract/lease termination 0.1 — — — 0.1 0.2 Other selling, general and administrative expenses 8.3 0.3 — — 0.3 8.9 Total selling, general and administrative expenses 43.4 1.3 1.2 0.3 2.6 48.8 Total $ 85.1 $ 38.1 $ 1.2 $ 0.3 $ 2.6 $ 127.3 Pension and postretirement non-service income 0.6 Consolidated total $ 127.9 Included in the above results are $28.7 million of charges that have resulted or will result in cash outflows and $99.2 million in non-cash charges. Liabilities recorded for the Conagra Restructuring Plan and changes therein for the first half 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 November 28, 2021 Severance and related costs $ 9.7 $ 2.8 $ (6.3 ) $ (2.3 ) $ 3.9 Contract/lease termination — 0.1 (0.1 ) — — Other costs — 4.0 (2.6 ) — 1.4 Total $ 9.7 $ 6.9 $ (9.0 ) $ (2.3 ) $ 5.3

LONG-TERM DEBT AND REVOLVING CR

LONG-TERM DEBT AND REVOLVING CREDIT FACILITY	6 Months Ended
	Nov. 28, 2021
Debt Disclosure [Abstract]
LONG-TERM DEBT AND REVOLVING CREDIT FACILITY	4. LONG-TERM DEBT AND REVOLVING CREDIT FACILITY During the first quarter of fiscal 2022, we issued $500.0 million aggregate principal amount of 0.500% senior notes due August 11, 2023. During the fourth quarter of fiscal 2021, we repaid the remaining outstanding $195.9 million aggregate principal amount of our 9.75% subordinated notes on their maturity date of March 1, 2021. During the third quarter of fiscal 2021, we redeemed $400.0 million aggregate principal amount of our 3.20% senior notes prior to their maturity date of January 25, 2023. During the second quarter of fiscal 2021, we issued $1.0 billion aggregate principal amount of 1.375% senior notes due November 1, 2027 (the "2027 Senior Notes"). We also redeemed the entire outstanding $1.20 billion aggregate principal amount of our 3.80% senior notes prior to their maturity date of October 22, 2021, resulting in a net loss of $44.3 million within SG&A expenses as a cost of early extinguishment of debt. This redemption was primarily funded using the net proceeds from the issuance of the 2027 Senior Notes. During the second quarter of fiscal 2021, we also repaid the entire outstanding $500.0 million aggregate principal amount of our floating rate notes on their maturity date of October 9, 2020. During the first quarter of fiscal 2021, we repaid the remaining outstanding $126.6 million aggregate principal amount of our 4.95% senior notes on their maturity date of August 15, 2020. At November 28, 2021, we had a revolving credit facility (the "Revolving Credit Facility") with a syndicate of financial institutions providing for a maximum aggregate principal amount outstanding at any one time of $1.6 billion (subject to increase to a maximum aggregate principal amount of $2.1 billion with the consent of the lenders). The Revolving Credit Facility matures on July 11, 2024 and is unsecured. The term of the Revolving Credit Facility may be extended for additional one-year two-year In the first quarter of fiscal 2022, we entered into an amendment to the Revolving Credit Facility (the "Amended Revolving Credit Facility"). The Amended Revolving Credit Facility generally requires our ratio of earnings before interest, taxes, depreciation and amortization ("EBITDA") to interest expense not to be less than 3.0 to 1.0 and our ratio of funded debt to EBITDA not to exceed 4.5 to 1.0, with each ratio to be calculated on a rolling four-quarter basis. As of November 28, 2021, we were in compliance with all financial covenants under the Amended Revolving Credit Facility. Net interest expense consists of: Thirteen Weeks Ended Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Long-term debt $ 97.7 $ 110.2 $ 194.6 $ 227.2 Short-term debt 0.5 0.5 1.1 0.5 Interest income (0.3 ) (0.4 ) (0.6 ) (1.2 ) Interest capitalized (3.0 ) (2.6 ) (6.0 ) (5.1 ) $ 94.9 $ 107.7 $ 189.1 $ 221.4

GOODWILL AND OTHER IDENTIFIABLE

GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS	6 Months Ended
	Nov. 28, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS	5. GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS The change in the carrying amount of goodwill for the first half of fiscal 2022, excluding amounts classified as held for sale (see Note 2), was as follows: Grocery & Snacks Refrigerated & Frozen International Foodservice Total Balance as of May 30, 2021 $ 4,692.4 $ 5,611.2 $ 302.5 $ 732.8 $ 11,338.9 Currency translation — — (6.9 ) — (6.9 ) Balance as of November 28, 2021 $ 4,692.4 $ 5,611.2 $ 295.6 $ 732.8 $ 11,332.0 Other identifiable intangible assets, excluding amounts classified as held for sale, were as follows: November 28, 2021 May 30, 2021 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Non-amortizing intangible assets Brands and trademarks $ 3,271.2 $ — $ 3,273.1 $ — Amortizing intangible assets Customer relationships and intellectual property 1,227.3 406.3 1,228.8 377.3 $ 4,498.5 $ 406.3 $ 4,501.9 $ 377.3 Amortizing intangible assets carry a remaining weighted average life of approximately 19 years. Amortization expense was $14.8 million and $29.7 million for the second quarter and first half of fiscal 2022, respectively, and $15.0 million and $29.9 million for the second quarter and first half of fiscal 2021, respectively. Based on amortizing assets recognized in our Condensed Consolidated Balance Sheet as of November 28, 2021, amortization expense is estimated to average $51.8 million for each of the next five years.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
	Nov. 28, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	6. DERIVATIVE FINANCIAL INSTRUMENTS Our operations are exposed to market risks from adverse changes in commodity prices affecting the cost of raw materials and energy, foreign currency exchange rates, and interest rates. In the normal course of business, these risks are managed through a variety of strategies, including the use of derivatives. Commodity futures and option contracts are used from time to time to economically hedge commodity input prices on items such as natural gas, vegetable oils, proteins, packaging materials, dairy, grains, diesel fuel and electricity. Generally, we economically hedge a portion of our anticipated consumption of commodity inputs for periods of up to 36 months. We may enter into longer-term economic hedges on particular commodities, if deemed appropriate. As of November 28, 2021, we had economically hedged certain portions of our anticipated consumption of commodity inputs using derivative instruments with expiration dates through October 2022. In order to reduce exposures related to changes in foreign currency exchange rates, we enter into forward exchange, option, or swap contracts from time to time for transactions denominated in a currency other than the applicable functional currency. This includes, but is not limited to, hedging against foreign currency risk in purchasing inventory and capital equipment, sales of finished goods, and future settlement of foreign-denominated assets and liabilities. As of November 28, 2021, we had economically hedged certain portions of our foreign currency risk in anticipated transactions using derivative instruments with expiration dates through August 2022. From time to time, we may use derivative instruments, including interest rate swaps, to reduce risk related to changes in interest rates. This includes, but is not limited to, hedging against increasing interest rates prior to the issuance of long-term debt and hedging the fair value of our senior long-term debt. Derivatives Designated as Cash Flow Hedges During the first quarter of fiscal 2019, we entered into deal-contingent forward starting interest rate swap contracts to hedge a portion of the interest rate risk related to our issuance of long-term debt to help finance the acquisition of Pinnacle. We settled these contracts during the second quarter of fiscal 2019 and deferred a $47.5 million gain in accumulated other comprehensive income that is being amortized as a reduction of interest expense over the lives of the related debt instruments. The unamortized amount at November 28, 2021, was $36.6 million. Economic Hedges of Forecasted Cash Flows Many of our derivatives do not qualify for, and we do not currently designate certain commodity or foreign currency derivatives to achieve, hedge accounting treatment. We reflect realized and unrealized gains and losses from derivatives used to economically hedge anticipated commodity consumption and to mitigate foreign currency cash flow risk in earnings immediately within general corporate expense (within cost of goods sold). The gains and losses are reclassified to segment operating results in the period in which the underlying item being economically hedged is recognized in cost of goods sold. In the event that management determines a particular derivative entered into as an economic hedge of a forecasted commodity purchase has ceased to function as an economic hedge, we cease recognizing further gains and losses on such derivatives in corporate expense and begin recognizing such gains and losses within segment operating results immediately. Economic Hedges of Fair Values — Foreign Currency Exchange Rate Risk We may use options and cross currency swaps to economically hedge the fair value of certain monetary assets and liabilities (including intercompany balances) denominated in a currency other than the functional currency. These derivatives are marked-to-market with gains and losses immediately recognized in SG&A expenses. These substantially offset the foreign currency transaction gains or losses recognized as values of the monetary assets or liabilities being economically hedged change. All derivative instruments are recognized on our balance sheets at fair value (refer to Note 14 for additional information related to fair value measurements). The fair value of derivative assets is recognized within prepaid expenses and other current assets, while the fair value of derivative liabilities is recognized within other accrued liabilities. In accordance with U.S. GAAP, we offset certain derivative asset and liability balances, as well as certain amounts representing rights to reclaim cash collateral and obligations to return cash collateral, where master netting agreements provide for legal right of setoff. At November 28, 2021 and May 30, 2021, amounts representing an obligation to return cash collateral of $2.8 million and $2.0 million, respectively, were included in prepaid expenses and other current assets in our Condensed Consolidated Balance Sheets. Derivative assets and liabilities and amounts representing a right to reclaim cash collateral or an obligation to return cash collateral were reflected in our Condensed Consolidated Balance Sheets as follows: November 28, 2021 May 30, 2021 Prepaid expenses and other current assets $ 6.3 $ 15.5 Other accrued liabilities — 6.9 The following table presents our derivative assets and liabilities, at November 28, 2021, on a gross basis, prior to the setoff of $6.0 million to total derivative assets and $3.2 million to total derivative liabilities where legal right of setoff existed: Derivative Assets Derivative Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair Value Commodity contracts Prepaid expenses and other current assets $ 9.1 Other accrued liabilities $ 3.2 Foreign exchange contracts Prepaid expenses and other current assets 3.2 Other accrued liabilities — Total derivatives not designated as hedging instruments $ 12.3 $ 3.2 The following table presents our derivative assets and liabilities at May 30, 2021, on a gross basis, prior to the setoff of $7.4 million to total derivative assets and $5.4 million to total derivative liabilities where legal right of setoff existed: Derivative Assets Derivative Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair Value Commodity contracts Prepaid expenses and other current assets $ 22.9 Other accrued liabilities $ 5.4 Foreign exchange contracts Prepaid expenses and other current assets — Other accrued liabilities 6.9 Total derivatives not designated as hedging instruments $ 22.9 $ 12.3 The location and amount of gains (losses) from derivatives not designated as hedging instruments in our Condensed Consolidated Statements of Earnings were as follows: Location in Condensed Consolidated Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Thirteen Weeks Ended Derivatives Not Designated as Hedging Instruments Statements of Earnings of Gains (Losses) Recognized on Derivatives November 28, 2021 November 29, 2020 Commodity contracts Cost of goods sold $ 4.6 $ 2.4 Foreign exchange contracts Cost of goods sold 2.4 (2.3 ) Total gains from derivative instruments not designated as hedging instruments $ 7.0 $ 0.1 Location in Condensed Consolidated Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Twenty-six Weeks Ended Derivatives Not Designated as Hedging Instruments Statements of Earnings of Gains (Losses) Recognized on Derivatives November 28, 2021 November 29, 2020 Commodity contracts Cost of goods sold $ 8.8 $ 3.6 Foreign exchange contracts Cost of goods sold 8.4 (7.5 ) Total gains (losses) from derivative instruments not designated as hedging instruments $ 17.2 $ (3.9 ) As of November 28, 2021, our open commodity contracts had a notional value (defined as notional quantity times market value per notional quantity unit) of $90.4 million and $100.0 million for purchase and sales contracts, respectively. As of May 30, 2021, our open commodity contracts had a notional value of $148.8 million and $159.4 million for purchase and sales contracts, respectively. The notional amount of our foreign currency forward contracts as of November 28, 2021 and May 30, 2021 was $89.1 million and $111.4 million, respectively. We enter into certain commodity, interest rate, and foreign exchange derivatives with a diversified group of counterparties. We continually monitor our positions and the credit ratings of the counterparties involved and limit the amount of credit exposure to any one party. These transactions may expose us to potential losses due to the risk of nonperformance by these counterparties. We have not incurred a material loss due to nonperformance in any period presented and do not expect to incur any such material loss. We also enter into futures and options transactions through various regulated exchanges. At November 28, 2021, the maximum amount of loss due to the credit risk of the counterparties, had the counterparties failed to perform according to the terms of the contract, was $3.2 million.

SHARE-BASED PAYMENTS

SHARE-BASED PAYMENTS	6 Months Ended
	Nov. 28, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
SHARE-BASED PAYMENTS	7. SHARE-BASED PAYMENTS For the second quarter and first half of fiscal 2022, we recognized total stock-based compensation expense (including restricted stock units, performance shares, and performance-based restricted stock units) of $11.7 million and $14.3 million, respectively. For the second quarter and first half of fiscal 2021, we recognized total stock-based compensation expense of $14.6 million and $32.0 million, respectively. In the first half of fiscal 2022, we granted 1.0 million restricted stock units at a weighted average grant date price of $34.33 and 0.5 million performance shares at a weighted average grant date price of $34.13. Performance shares are granted to selected executives and other key employees with vesting contingent upon meeting various Company-wide performance goals. The performance goals for the three-year fiscal 2022 (the "2022 performance period") and fiscal 2024 (the "2024 performance period") are based on our diluted earnings per share ("EPS") compound annual growth rate ("CAGR"), subject to certain adjustments, measured over the defined performance periods. The performance goal for one-third of the target number of performance shares for the three-year performance period ending in fiscal 2023 (the "2023 performance period") is based on our fiscal 2021 diluted EPS CAGR, subject to certain adjustments. The performance goal for the final two-thirds of the target number of performance shares granted for the 2023 performance period is based on our diluted EPS CAGR, subject to certain adjustments, measured over the two-year period ending in fiscal 2023. For each of the 2022 performance period, 2023 performance period, and 2024 performance period, the awards actually earned will range from zero to two hundred Awards, if earned, will be paid in shares of our common stock. Subject to limited exceptions set forth in our performance share plan, any shares earned will be distributed after the end of the performance period, and generally only if the participant continues to be employed with the Company through the date of distribution. For awards where performance against the performance target has not been certified, the value of the performance shares is adjusted based upon the market price of our common stock and current forecasted performance against the performance targets at the end of each reporting period and amortized as compensation expense over the vesting period. Forfeitures are accounted for as they occur.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Nov. 28, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	8. EARNINGS PER SHARE Basic earnings per share is calculated on the basis of weighted average outstanding shares of common stock. Diluted earnings per share is computed on the basis of basic weighted average outstanding shares of common stock adjusted for the dilutive effect of stock options, restricted stock unit awards, and other dilutive securities. The following table reconciles the income and average share amounts used to compute both basic and diluted earnings per share: Thirteen Weeks Ended Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Net income attributable to Conagra Brands, Inc. common stockholders: $ 275.5 $ 378.9 $ 510.9 $ 707.9 Weighted average shares outstanding: Basic weighted average shares outstanding 480.2 489.1 480.3 488.6 Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities 1.7 1.8 1.8 1.7 Diluted weighted average shares outstanding 481.9 490.9 482.1 490.3 For the second quarter and first half of fiscal 2022, there were 1.0 million and 0.7 million stock options outstanding, respectively, that were excluded from the computation of diluted weighted average shares because the effect was antidilutive. For the second quarter of fiscal 2021, there were no stock options outstanding with an antidilutive effect. For the first half of fiscal 2021, there were 0.6 million stock options outstanding that were excluded from the calculation.

INVENTORIES

INVENTORIES	6 Months Ended
	Nov. 28, 2021
Inventory Disclosure [Abstract]
INVENTORIES	9. INVENTORIES The major classes of inventories were as follows: November 28, 2021 May 30, 2021 Raw materials and packaging $ 313.8 $ 284.1 Work in process 203.0 125.1 Finished goods 1,262.1 1,221.8 Supplies and other 79.8 78.7 Total $ 1,858.7 $ 1,709.7

INCOME TAXES

INCOME TAXES	6 Months Ended
	Nov. 28, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	10. INCOME TAXES In the second quarter of fiscal 2022 and 2021, we recognized income tax expense of $84.2 million and $80.7 million, respectively. In the first half of fiscal 2022 and 2021, we recognized income tax expense of $153.9 million and $167.4 million, respectively. The effective tax rate (calculated as the ratio of income tax expense to pre-tax income, inclusive of equity method investment earnings) was 23.4% and 17.6% for the second quarter of fiscal 2022 and 2021, respectively. The effective tax rate for the first half of fiscal 2022 and 2021 was 23.1% and 19.1%, respectively. The effective tax rate in the second quarter of fiscal 2022 reflected additional tax expense associated with non-deductible goodwill related to assets held for sale for which an impairment charge was recognized, a tax benefit resulting from state law changes, and a benefit from statute lapses on state tax issues that were previously reserved. The effective tax rate in the first half of fiscal 2022 reflected the above-cited items, as well as a benefit of $3.6 million from the settlement of tax issues that were previously reserved. The effective tax rate for the second quarter of fiscal 2021 reflected a benefit of $25.3 million resulting from the release of valuation allowance associated with the expected capital gains from the planned divestiture of the Peter Pan ® The effective tax rate for the first half of fiscal 2021 reflected the above-cited items, as well as a benefit of $7.6 million resulting from the regulations issued by the U.S. Treasury and Internal Revenue Service on certain provisions of the 2017 Tax Cuts and Jobs Act. The amount of gross unrecognized tax benefits for uncertain tax positions was $25.3 million as of November 28, 2021 and $33.0 million as of May 30, 2021. Included in these amounts were $0.2 million and $0.8 million, respectively, for tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The gross unrecognized tax benefits excluded related liabilities for gross interest and penalties of $7.3 million and $8.8 million as of November 28, 2021 and May 30, 2021, respectively. The net amount of unrecognized tax benefits at November 28, 2021 and May 30, 2021 that, if recognized, would favorably impact the Company's effective tax rate was $21.0 million and $28.2 million, respectively. We estimate that it is reasonably possible that the amount of gross unrecognized tax benefits will decrease by up to $5.1 million over the next twelve months due to various state audit settlements and the expiration of statutes of limitations. In fiscal 2021, we completed a restructuring of our ownership interest in the Ardent Mills joint venture, a milling business, that utilized a portion of our capital loss carryforward prior to its expiration. Also in fiscal 2021, we completed several other transactions related to retained assets in conjunction with the divestitures of the Peter Pan ® Egg Beaters ® We have not provided any deferred taxes on undistributed earnings of our foreign subsidiaries. Deferred taxes will be provided for earnings of non-U.S. affiliates and associated companies when we determine that such earnings are no longer indefinitely reinvested and will result in a tax liability upon distribution.

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Nov. 28, 2021
Commitments And Contingencies Disclosure [Abstract]
CONTINGENCIES	11. CONTINGENCIES Litigation Matters We are a party to certain litigation matters relating to our acquisition of Beatrice Company ("Beatrice") in fiscal 1991, including litigation proceedings related to businesses divested by Beatrice prior to our acquisition of the company. These proceedings have included suits against a number of lead paint and pigment manufacturers, including ConAgra Grocery Products Company, LLC, a wholly owned subsidiary of the Company ("ConAgra Grocery Products") as alleged successor to W. P. Fuller & Co., a lead paint and pigment manufacturer owned and operated by a predecessor to Beatrice from 1962 until 1967. These lawsuits generally seek damages for personal injury, property damage, economic loss, and governmental expenditures allegedly caused by the use of lead-based paint, and/or injunctive relief for inspection and abatement. When such lawsuits have been brought, ConAgra Grocery Products has denied liability, both on the merits of the claims and on the basis that we do not believe it to be the successor to any liability attributable to W. P. Fuller & Co. Decisions favorable to us were rendered in Rhode Island, New Jersey, Wisconsin, and Ohio. ConAgra Grocery Products was held liable for the abatement of a public nuisance in California, and the case was dismissed pursuant to settlement in July 2019 as discussed in the following paragraph. We remain a defendant in one active suit in Illinois. The Illinois suit seeks class-wide relief for reimbursement of costs associated with the testing of lead levels in blood. We do not believe it is probable that we have incurred any liability with respect to the Illinois case, nor is it possible to estimate any potential exposure. In California, a number of cities and counties joined in a consolidated action seeking abatement of an alleged public nuisance in the form of lead-based paint potentially present on the interior of residences, regardless of its condition. On September 23, 2013, a trial of the California case concluded in the Superior Court of California for the County of Santa Clara, and on January 27, 2014, the court entered a judgment (the "Judgment") against ConAgra Grocery Products and two other defendants ordering the creation of a California abatement fund in the amount of $1.15 billion. Liability was joint and several. The Company appealed the Judgment, and on November 14, 2017 the California Court of Appeal for the Sixth Appellate District reversed in part, holding that the defendants were not liable to pay for abatement of homes built after 1950, but affirmed the Judgment as to homes built before 1951. The Court of Appeal remanded the case to the trial court with directions to recalculate the amount of the abatement fund estimated to be necessary to cover the cost of remediating pre-1951 homes, and to hold an evidentiary hearing regarding appointment of a suitable receiver. ConAgra Grocery Products and the other defendants petitioned the California Supreme Court for review of the decision, which we believe to be an unprecedented expansion of current California law. On February 14, 2018, the California Supreme Court denied the petition and declined to review the merits of the case, and the case was remanded to the trial court for further proceedings. ConAgra Grocery Products and the other defendants sought further review of certain issues from the Supreme Court of the United States, but on October 15, 2018, the Supreme Court declined to review the case. On September 4, 2018, the trial court recalculated its estimate of the amount needed to remediate pre-1951 homes in the plaintiff jurisdictions to be $409.0 million. As of July 10, 2019, the parties reached an agreement in principle to resolve this matter, which agreement was approved by the trial court on July 24, 2019, and the action against ConAgra Grocery Products was dismissed with prejudice. Pursuant to the settlement, ConAgra Grocery Products will pay a total of $101.7 million in seven installments to be paid annually from fiscal 2020 through fiscal 2026. As part of the settlement, ConAgra Grocery Products has provided a guarantee of up to $15.0 million in the event co-defendant, NL Industries, Inc., defaults on its payment obligations. We have accrued $11.2 million and $40.7 million, within other accrued liabilities and other noncurrent liabilities, respectively, for this matter as of November 28, 2021. The extent of insurance coverage is uncertain and the Company's carriers are on notice; however, any possible insurance recovery has not been considered for purposes of determining our liability. We are party to a number of putative class action lawsuits challenging various product claims made in the Company's product labeling. These matters include Briseno v. ConAgra Foods, Inc. Wesson ® We are party to matters challenging the Company's wage and hour practices. These matters include a number of class actions consolidated under the caption Negrete v. ConAgra Foods, Inc., et al. accrued within other accrued liabilities. While we cannot predict with certainty the results of this or any other legal proceeding, we do not expect this matter to have a material adverse effect on our financial condition, results of operations, or business. We are party to a number of matters asserting product liability claims against the Company related to certain Pam ® The Company, its directors, and several of its executive officers are defendants in several class actions alleging violations of federal securities laws. The lawsuits assert that the Company's officers made material misstatements and omissions that caused the market to have an unrealistically positive assessment of the Company's financial prospects in light of the acquisition of Pinnacle, thus causing the Company's securities to be overvalued prior to the release of the Company's consolidated financial results on December 20, 2018 for the second quarter of fiscal year 2019. The first of these lawsuits, captioned West Palm Beach Firefighters' Pension Fund v. Conagra Brands, Inc., et al. Klein v. Arora, et al. Opperman v. Connolly, et al. Dahl v. Connolly, et al. Klein v. Arora, et al. West Palm Beach Firefighters' Pension Fund Environmental Matters Securities and Exchange Commission (the "SEC") regulations require us to disclose certain information about environmental proceedings if a governmental authority is a party to such proceedings and such proceedings involve potential monetary sanctions that we reasonably believe will exceed a stated threshold. Pursuant to the SEC regulations, the Company uses a threshold of $1.0 million for purposes of determining whether disclosure of any such proceedings is required. In October 2019, the Minnesota Pollution Control Agency ("MPCA") initiated an odor complaint investigation at our Waseca, Minnesota vegetable processing facility. As a result of the investigation, the MPCA required implementation of a continuous monitoring system running from May 1 – October 31 to monitor hydrogen sulfide emissions at the wastewater treatment facility. As a result of the monitoring data findings, the MPCA has alleged violations of Minnesota Ambient Air Quality Standards based on our hydrogen sulfide emissions during calendar years 2020 and 2021. The MPCA We are a party to certain environmental proceedings relating to our acquisition of Beatrice in fiscal 1991. Such proceedings include proceedings related to businesses divested by Beatrice prior to our acquisition of Beatrice. The current environmental proceedings associated with Beatrice include litigation and administrative proceedings involving Beatrice's possible status as a potentially responsible party at approximately 40 Superfund, proposed Superfund, or state-equivalent sites (the "Beatrice sites"). These sites involve locations previously owned or operated by predecessors of Beatrice that used or produced petroleum, pesticides, fertilizers, dyes, inks, solvents, polychlorinated biphenyls, acids, lead, sulfur, tannery wastes, and/or other contaminants. Reserves for these Beatrice environmental proceedings have been established based on our best estimate of the undiscounted remediation liabilities, which estimates include evaluation of investigatory studies, extent of required clean-up, the known volumetric contribution of Beatrice and other potentially responsible parties, and its experience in remediating sites. The accrual for Beatrice-related environmental matters totaled $54.5 million ($2.4 million within other accrued liabilities and $52.1 million within other noncurrent liabilities) as of November 28, 2021, a majority of which relates to the Superfund and state-equivalent sites referenced above. During the third quarter of fiscal 2017, a final Remedial Investigation/Feasibility Study was submitted for the Southwest Properties portion ("Operating Unit 4") of the Wells G&H Superfund site, which is one of the Beatrice sites. The U.S. Environmental Protection Agency ("EPA") issued a Record of Decision ("ROD") for the Southwest Properties portion of the site on September 29, 2017 and entered into negotiations with potentially responsible parties to determine final responsibility for implementing the ROD. On September 14, 2020, the district court entered a consent decree among EPA and the settling defendants, including the Company. Guarantees and Other Contingencies In certain limited situations, we will guarantee an obligation of an unconsolidated entity. We guarantee an obligation of the Lamb Weston business pursuant to a guarantee arrangement that existed prior to the spinoff of the Lamb Weston business (the "Spinoff"). The guarantee remained in place following completion of the Spinoff and it will remain in place until such guarantee obligation is substituted for guarantees issued by Lamb Weston. Pursuant to the separation and distribution agreement, dated as of November 8, 2016 (the "Separation Agreement"), between us and Lamb Weston, this guarantee arrangement is deemed a liability of Lamb Weston that was transferred to Lamb Weston as part of the Spinoff. Accordingly, in the event that we are required to make any payments as a result of this guarantee arrangement, Lamb Weston is obligated to indemnify us for any such liability, reduced by any insurance proceeds received by us, in accordance with the terms of the indemnification provisions under the Separation Agreement. Lamb Weston is a party to an agricultural sublease agreement with a third party for certain farmland through 2025 (subject, at Lamb Weston's option, to extension for one additional five-year We also guarantee a lease resulting from an exited facility. As of November 28, 2021, the remaining term of this arrangement did not exceed five years and the maximum amount of future payments we have guaranteed was $12.6 million. General After taking into account liabilities recognized for all of the foregoing matters, management believes the ultimate resolution of such matters should not have a material adverse effect on our financial condition, results of operations, or liquidity; however, it is reasonably possible that a change of the estimates of any of the foregoing matters may occur in the future which could have a material adverse effect on our financial condition, results of operations, or liquidity. Costs of legal services associated with the foregoing matters are recognized in earnings as services are provided.

PENSION AND POSTRETIREMENT BENE

PENSION AND POSTRETIREMENT BENEFITS	6 Months Ended
	Nov. 28, 2021
Compensation And Retirement Disclosure [Abstract]
PENSION AND POSTRETIREMENT BENEFITS	12. PENSION AND POSTRETIREMENT BENEFITS We have defined benefit retirement plans ("pension plans") for eligible salaried and hourly employees. Benefits are based on years of credited service and average compensation or stated amounts for each year of service. We also sponsor postretirement plans which provide certain medical and dental benefits to qualifying U.S. employees. Components of pension and postretirement plan costs (benefits) are: Pension Plans Thirteen Weeks Ended Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Service cost $ 2.0 $ 3.2 $ 4.7 $ 6.3 Interest cost 20.8 21.7 41.6 43.4 Expected return on plan assets (36.3 ) (35.0 ) (72.7 ) (70.0 ) Amortization of prior service cost 0.4 0.6 0.9 1.2 Pension cost (benefit) — Company plans (13.1 ) (9.5 ) (25.5 ) (19.1 ) Pension cost (benefit) — multi-employer plans 2.4 2.2 4.3 4.0 Total pension cost (benefit) $ (10.7 ) $ (7.3 ) $ (21.2 ) $ (15.1 ) Postretirement Plans Thirteen Weeks Ended Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Service cost $ 0.1 $ — $ 0.1 $ 0.1 Interest cost 0.4 0.4 0.7 0.7 Amortization of prior service cost (benefit) (0.4 ) (0.5 ) (0.9 ) (1.0 ) Recognized net actuarial gain (1.0 ) (0.9 ) (1.8 ) (1.8 ) Total postretirement cost (benefit) $ (0.9 ) $ (1.0 ) $ (1.9 ) $ (2.0 ) The Company uses a split discount rate (spot-rate approach) for the U.S. plans and certain foreign plans. The spot-rate approach applies separate discount rates for each projected benefit payment in the calculation of pension service and interest cost. The weighted-average discount rates for service and interest costs under the spot-rate approach used for pension cost in fiscal 2022 were 3.50% and 2.29%, respectively. During the second quarter and first half of fiscal 2022, we contributed $2.0 million and $4.9 million, respectively, to our pension plans and contributed $1.7 million and $3.8 million, respectively, to our postretirement plans. Based upon the current funded status of the plans and the current interest rate environment, we anticipate making further contributions of approximately $7.4 million to our pension plans during the remainder of fiscal 2022. We anticipate making further contributions of approximately $5.2 million to our postretirement plans during the remainder of fiscal 2022. These estimates are based on ERISA guidelines, current tax laws, plan asset performance, and liability assumptions, which are subject to change.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Nov. 28, 2021
Equity [Abstract]
STOCKHOLDERS' EQUITY	13. STOCKHOLDERS' EQUITY The following table presents a reconciliation of our stockholders' equity accounts for the twenty-six weeks ended November 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 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 The following table presents a reconciliation of our stockholders' equity accounts for the twenty-six weeks ended November 29, 2020: 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

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Nov. 28, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	14. FAIR VALUE MEASUREMENTS Financial Accounting Standards Board guidance establishes a three-level fair value hierarchy based upon the assumptions (inputs) used to price assets or liabilities. The three levels of inputs used to measure fair value are as follows: Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities, Level 2 — Observable inputs other than those included in Level 1, such as quoted prices for similar assets and liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets, and Level 3 — Unobservable inputs reflecting our own assumptions and best estimate of what inputs market participants would use in pricing the asset or liability. The fair values of our Level 2 derivative instruments were determined using valuation models that use market observable inputs including both forward and spot prices for currencies and commodities. Derivative assets and liabilities included in Level 2 primarily represent commodity and foreign currency option and forward contracts. Our Level 3 available-for-sale debt securities consist of a convertible note receivable acquired in the second quarter of fiscal 2022. The convertible note receivable is not traded in active markets and the fair value was determined using a discounted cash flow valuation model. The following table presents our financial instruments measured at fair value on a recurring basis for which, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of November 28, 2021: Level 1 Level 2 Level 3 Net Value Assets: Derivative assets $ 3.1 $ 3.2 $ — $ 6.3 Marketable securities 6.7 — — 6.7 Deferred compensation assets 8.7 — — 8.7 Available-for-sale debt securities — — 7.2 7.2 Total assets $ 18.5 $ 3.2 $ 7.2 $ 28.9 Liabilities: Deferred compensation liabilities 86.4 — — 86.4 Total liabilities $ 86.4 $ — $ — $ 86.4 The following table presents our financial assets and liabilities measured at fair value on a recurring basis, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of May 30, 2021: Level 1 Level 2 Level 3 Net Value Assets: Derivative assets $ 13.0 $ 2.5 $ — $ 15.5 Marketable securities 6.6 — — 6.6 Deferred compensation assets 8.8 — — 8.8 Total assets $ 28.4 $ 2.5 $ — $ 30.9 Liabilities: Derivative liabilities $ — $ 6.9 $ — $ 6.9 Deferred compensation liabilities 81.0 — — 81.0 Total liabilities $ 81.0 $ 6.9 $ — $ 87.9 Certain assets and liabilities, including long-lived assets, goodwill, asset retirement obligations, and equity investments are measured at fair value on a nonrecurring basis using Level 3 inputs. In the second quarter of fiscal 2022, we recognized impairment charges totaling $22.4 million in our Grocery & Snacks segment, $12.0 million in our Refrigerated & Frozen segment, and $4.8 million in our Foodservice segment. The impairments were measured based upon the estimated sales price of the disposal group (see Note 2). In the first quarter of fiscal 2021, we recognized charges totaling $3.0 million in our Grocery & Snacks segment for the impairment of certain long-lived assets. The impairment was measured based upon the estimated sales price of the assets and has been included in restructuring activities. The carrying amount of long-term debt (including current installments) was $8.80 billion and $8.30 billion as of November 28, 2021 and May 30, 2021, respectively. Based on current market rates, the fair value of this debt (level 2 liabilities) at November 28, 2021 and May 30, 2021, was estimated at $10.19 billion and $9.76 billion, respectively.

BUSINESS SEGMENTS AND RELATED I

BUSINESS SEGMENTS AND RELATED INFORMATION	6 Months Ended
	Nov. 28, 2021
Segment Reporting [Abstract]
BUSINESS SEGMENTS AND RELATED INFORMATION	15. BUSINESS SEGMENTS AND RELATED INFORMATION We reflect our results of operations in four reporting segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks reporting segment principally includes branded, shelf-stable food products sold in various retail channels in the United States. The Refrigerated & Frozen reporting segment principally includes branded, temperature-controlled food products sold in various retail channels in the United States. The International reporting segment principally includes branded food products, in various temperature states, sold in various retail and foodservice channels outside of the United States. The Foodservice reporting segment includes branded and customized food products, including meals, entrees, sauces and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments primarily in the United States. We do not aggregate operating segments when determining our reporting segments. Operating profit for each of the segments is based on net sales less all identifiable operating expenses. 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 Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Net sales Grocery & Snacks $ 1,264.5 $ 1,283.1 $ 2,339.6 $ 2,414.1 Refrigerated & Frozen 1,285.9 1,248.0 2,387.7 2,378.6 International 262.2 249.8 498.8 468.8 Foodservice 246.3 214.3 486.1 412.6 Total net sales $ 3,058.9 $ 2,995.2 $ 5,712.2 $ 5,674.1 Operating profit Grocery & Snacks $ 249.2 $ 316.1 $ 465.1 $ 599.2 Refrigerated & Frozen 168.3 264.3 325.9 504.4 International 37.1 39.5 71.2 78.0 Foodservice 13.8 22.6 34.1 48.0 Total operating profit $ 468.4 $ 642.5 $ 896.3 $ 1,229.6 Equity method investment earnings 29.5 23.0 49.7 29.5 General corporate expense 59.0 111.3 123.6 188.5 Pension and postretirement non-service income (16.1 ) (13.7 ) (32.2 ) (27.5 ) Interest expense, net 94.9 107.7 189.1 221.4 Income tax expense 84.2 80.7 153.9 167.4 Net income $ 275.9 $ 379.5 $ 511.6 $ 709.3 Less: Net income attributable to noncontrolling interests 0.4 0.6 0.7 1.4 Net income attributable to Conagra Brands, Inc. $ 275.5 $ 378.9 $ 510.9 $ 707.9 The following table presents further disaggregation of our net sales: Thirteen Weeks Ended Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Frozen $ 1,073.1 $ 1,020.3 $ 1,993.5 $ 1,938.7 Staples Other shelf-stable 724.6 791.9 1,366.2 1,505.8 Refrigerated 212.8 227.7 394.2 439.9 Snacks 539.9 491.2 973.4 908.3 Foodservice 246.3 214.3 486.1 412.6 International 262.2 249.8 498.8 468.8 Total net sales $ 3,058.9 $ 2,995.2 $ 5,712.2 $ 5,674.1 To be consistent with the manner in which we present certain disaggregated net sales information to investors, we have categorized certain net sales of our segments as "Staples", which includes all of our U.S. domestic retail refrigerated products and other shelf-stable grocery products. Management continues to regularly review financial results and make decisions about allocating resources based upon the four reporting segments outlined above. Presentation of Derivative Gains (Losses) from Economic Hedges of Forecasted Cash Flows in Segment Results Derivatives used to manage commodity price risk and foreign currency risk are not designated for hedge accounting treatment. We believe these derivatives provide economic hedges of certain forecasted transactions. As such, these derivatives are recognized at fair market value with realized and unrealized gains and losses recognized in general corporate expenses. The gains and losses are subsequently recognized in the operating results of the reporting segments in the period in which the underlying transaction being economically hedged is included in earnings. In the event that management determines a particular derivative entered into as an economic hedge of a forecasted commodity purchase has ceased to function as an economic hedge, we cease recognizing further gains and losses on such derivatives in corporate expense and begin recognizing such gains and losses within segment operating results, immediately. 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 Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Gross derivative gains (losses) incurred $ 7.0 $ 0.1 $ 17.2 $ (3.9 ) Less: Net derivative gains (losses) allocated to reporting segments 8.8 (3.2 ) 13.8 (4.7 ) Net derivative gains (losses) recognized in general corporate expenses $ (1.8 ) $ 3.3 $ 3.4 $ 0.8 Net derivative gains (losses) allocated to Grocery & Snacks $ 4.7 $ (2.6 ) $ 7.9 $ (4.4 ) Net derivative gains (losses) allocated to Refrigerated & Frozen 4.6 (0.9 ) 9.3 (2.0 ) Net derivative gains (losses) allocated to International (0.7 ) 0.8 (3.9 ) 2.4 Net derivative gains (losses) allocated to Foodservice 0.2 (0.5 ) 0.5 (0.7 ) Net derivative gains (losses) included in segment operating profit $ 8.8 $ (3.2 ) $ 13.8 $ (4.7 ) As of November 28, 2021, the cumulative amount of net derivative gains from economic hedges that had been recognized in general corporate expenses and not yet allocated to reporting segments was $14.9 million. This amount reflected net gains of $14.0 million incurred during the twenty-six weeks ended November 28, 2021 and net gains of $0.9 million incurred prior to fiscal 2022. Based on our forecasts of the timing of recognition of the underlying hedged items, we expect to reclassify to segment operating results gains of $10.7 million in fiscal 2022 and gains of $4.2 million in fiscal 2023 and thereafter. Assets by Segment The majority of our manufacturing assets are shared across multiple reporting segments. Output from these facilities used by each reporting segment can change over time. Also, working capital balances are not tracked by reporting segment. Therefore, it is impracticable to allocate those assets to the reporting segments, as well as disclose total assets by segment. Total depreciation expense was $82.2 million and $163.8 million for the second quarter and first half of fiscal 2022, respectively. Total depreciation expense was $82.8 million and $163.1 million for the second quarter and first half of fiscal 2021, respectively. Other Information Our operations are principally in the United States. With respect to operations outside of the United States, no single foreign country or geographic region was significant with respect to consolidated operations for the second quarter and first half of fiscal 2022 and 2021. Foreign net sales, including sales by domestic segments to customers located outside of the United States, were approximately $263.1 million and $506.4 million in the second quarter and first half of fiscal 2022, respectively. Our foreign net sales during the second quarter and first half of fiscal 2021 were approximately $252.6 million and $477.3 million, respectively. Our long-lived assets located outside of the United States are not significant. Our largest customer, Walmart, Inc. and its affiliates, accounted for approximately 27% and 26% of consolidated net sales in the second quarter and first half of fiscal 2022, respectively, and 25% in both the second quarter and first half of 2021, primarily in the Grocery & Snacks and Refrigerated & Frozen segments. Walmart, Inc. and its affiliates accounted for approximately 31% of consolidated net receivables as of both November 28, 2021 and May 30, 2021. The Kroger Co. and its affiliates accounted for approximately 13% and 11% of consolidated net receivables as of November 28, 2021 and May 30, 2021, respectively.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Nov. 28, 2021
Accounting Policies [Abstract]
Basis of Consolidation	Basis of Consolidation — The Condensed Consolidated Financial Statements include the accounts of Conagra Brands and all majority-owned subsidiaries. All significant intercompany investments, accounts, and transactions have been eliminated.
Revenue Recognition	Revenue Recognition — Our revenues primarily consist of the sale of food products that are sold to retailers and foodservice customers through direct sales forces, broker, and distributor arrangements. These revenue contracts generally have single performance obligations. Revenue, which includes shipping and handling charges billed to the customer, is reported net of consideration payable to our customers, including applicable discounts, returns, allowances, trade promotion, consumer coupon redemption, unsaleable product, and other costs. Amounts billed and due from our customers are classified as receivables and require payment on a short-term basis and, therefore, we do not have any significant financing components. We recognize revenue when (or as) performance obligations are satisfied by transferring control of the goods to customers. Control is transferred upon delivery of the goods to the customer. Shipping and/or handling costs that occur before the customer obtains control of the goods are deemed to be fulfillment activities and are accounted for as fulfillment costs. We assess the goods and services promised in our customers' purchase orders and identify a performance obligation for each promise to transfer a good or service (or bundle of goods or services) that is distinct. We offer various forms of trade promotions and the methodologies for determining these provisions are dependent on local customer pricing and promotional practices, which range from contractually fixed percentage price reductions to provisions based on actual occurrence or performance. Our promotional activities are conducted either through the retail trade or directly with consumers and include activities such as in-store displays and events, feature price discounts, consumer coupons, and loyalty programs. The costs of these activities are recognized at the time the related revenue is recorded, which normally precedes the actual cash expenditure. The recognition of these costs therefore requires management judgment regarding the volume of promotional offers that will be redeemed by either the retail trade or consumer. These estimates are made using various techniques including historical data on performance of similar promotional programs. Differences between estimated expense and actual redemptions are recognized as a change in management estimate in a subsequent period.
Comprehensive Income	Comprehensive Income — Comprehensive income includes net income, currency translation adjustments, certain derivative-related activity, and changes in prior service cost and net actuarial gains (losses) from pension (for amounts not in excess of the 10% "corridor") and postretirement health care plans. On foreign investments we deem to be essentially permanent in nature, we do not provide for taxes on currency translation adjustments arising from converting an investment denominated in a foreign currency to U.S. dollars. When we determine that a foreign investment, as well as undistributed earnings, are no longer permanent in nature, estimated taxes will be provided for the related deferred tax liability (asset), if any, resulting from currency translation adjustments. The following table details the accumulated balances for each component of other comprehensive income (loss), net of tax: November 28, 2021 May 30, 2021 Currency translation losses, net of reclassification adjustments $ (107.7 ) $ (77.1 ) Derivative adjustments, net of reclassification adjustments 23.6 24.3 Pension and postretirement benefit obligations, net of reclassification adjustments 59.3 58.6 Accumulated other comprehensive income (loss) $ (24.8 ) $ 5.8 The following table summarizes the reclassifications from accumulated other comprehensive income (loss) into income: Thirteen Weeks Ended Affected Line Item in the Condensed Consolidated Statement of Earnings 1 November 28, 2021 November 29, 2020 Net derivative adjustments: Cash flow hedges $ (0.7 ) $ (0.7 ) Interest expense, net Cash flow hedges — (0.5 ) Selling, general and administrative expenses Cash flow hedges 0.4 — Equity method investment earnings (0.3 ) (1.2 ) Total before tax — 0.3 Income tax expense $ (0.3 ) $ (0.9 ) Net of tax Pension and postretirement liabilities: Net prior service cost $ 0.1 $ 0.1 Pension and postretirement non-service income Net actuarial gain (1.0 ) (0.9 ) Pension and postretirement non-service income (0.9 ) (0.8 ) Total before tax 0.3 0.2 Income tax expense $ (0.6 ) $ (0.6 ) Net of tax Twenty-Six Weeks Ended Affected Line Item in the Condensed Consolidated Statement of Earnings 1 November 28, 2021 November 29, 2020 Net derivative adjustment, net of tax: Cash flow hedges $ (1.5 ) $ (1.6 ) Interest expense, net Cash flow hedges — (0.5 ) Selling, general and administrative expenses Cash flow hedges 0.9 — Equity method investment earnings (0.6 ) (2.1 ) Total before tax 0.1 0.5 Income tax expense $ (0.5 ) $ (1.6 ) Net of tax Pension and postretirement liabilities: Net prior service cost $ 0.1 $ 0.2 Pension and postretirement non-service income Net actuarial gain (1.8 ) (1.8 ) Pension and postretirement non-service income (1.7 ) (1.6 ) Total before tax 0.5 0.4 Income tax expense $ (1.2 ) $ (1.2 ) Net of tax 1 Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Earnings.
Cash and cash equivalents	Cash and cash equivalents — Cash and all highly liquid investments with an original maturity of three months or less at the date of acquisition, including short-term time deposits and government agency and corporate obligations, are classified as cash and cash equivalents.
Inventories	Inventories — We use the lower of cost (determined using the first-in, first-out method) or net realizable value for valuing inventories.
Reclassifications and other changes	Reclassifications and other changes — Certain prior year amounts have been reclassified to conform with current year presentation.
Use of Estimates	Use of Estimates — Preparation of financial statements in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") requires management to make estimates and assumptions. These estimates and assumptions affect reported amounts of assets, liabilities, revenues, and expenses as reflected in the Condensed Consolidated Financial Statements. Actual results could differ from these estimates.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Nov. 28, 2021
Accounting Policies [Abstract]
Schedule of Accumulated Balances for Each Component of Other Comprehensive Income (Loss), Net of Tax	The following table details the accumulated balances for each component of other comprehensive income (loss), net of tax: November 28, 2021 May 30, 2021 Currency translation losses, net of reclassification adjustments $ (107.7 ) $ (77.1 ) Derivative adjustments, net of reclassification adjustments 23.6 24.3 Pension and postretirement benefit obligations, net of reclassification adjustments 59.3 58.6 Accumulated other comprehensive income (loss) $ (24.8 ) $ 5.8
Summary of Reclassifications from Accumulated Other Comprehensive Income (Loss) into Income	The following table summarizes the reclassifications from accumulated other comprehensive income (loss) into income: Thirteen Weeks Ended Affected Line Item in the Condensed Consolidated Statement of Earnings 1 November 28, 2021 November 29, 2020 Net derivative adjustments: Cash flow hedges $ (0.7 ) $ (0.7 ) Interest expense, net Cash flow hedges — (0.5 ) Selling, general and administrative expenses Cash flow hedges 0.4 — Equity method investment earnings (0.3 ) (1.2 ) Total before tax — 0.3 Income tax expense $ (0.3 ) $ (0.9 ) Net of tax Pension and postretirement liabilities: Net prior service cost $ 0.1 $ 0.1 Pension and postretirement non-service income Net actuarial gain (1.0 ) (0.9 ) Pension and postretirement non-service income (0.9 ) (0.8 ) Total before tax 0.3 0.2 Income tax expense $ (0.6 ) $ (0.6 ) Net of tax Twenty-Six Weeks Ended Affected Line Item in the Condensed Consolidated Statement of Earnings 1 November 28, 2021 November 29, 2020 Net derivative adjustment, net of tax: Cash flow hedges $ (1.5 ) $ (1.6 ) Interest expense, net Cash flow hedges — (0.5 ) Selling, general and administrative expenses Cash flow hedges 0.9 — Equity method investment earnings (0.6 ) (2.1 ) Total before tax 0.1 0.5 Income tax expense $ (0.5 ) $ (1.6 ) Net of tax Pension and postretirement liabilities: Net prior service cost $ 0.1 $ 0.2 Pension and postretirement non-service income Net actuarial gain (1.8 ) (1.8 ) Pension and postretirement non-service income (1.7 ) (1.6 ) Total before tax 0.5 0.4 Income tax expense $ (1.2 ) $ (1.2 ) Net of tax 1 Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Earnings.

DIVESTITURES AND ASSETS HELD _2

DIVESTITURES AND ASSETS HELD FOR SALE (Tables)	6 Months Ended
	Nov. 28, 2021
Discontinued Operations And Disposal Groups [Abstract]
Schedule of Assets and Liabilities Classified as Held for Sale	The assets and liabilities classified as held for sale reflected in our Condensed Consolidated Balance Sheets were as follows: November 28, 2021 May 30, 2021 Current assets $ 23.6 $ 24.3 Noncurrent assets (including goodwill of $23.6 million and $34.6 million, respectively) 64.7 113.3 Current liabilities 1.7 1.6 Noncurrent liabilities 2.4 3.2

RESTRUCTURING ACTIVITIES (Table

RESTRUCTURING ACTIVITIES (Tables)	6 Months Ended
	Nov. 28, 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 second quarter of fiscal 2022): Grocery & Snacks Refrigerated & Frozen International Corporate Total Accelerated depreciation $ 5.2 $ 4.6 $ — $ — $ 9.8 Other cost of goods sold 3.8 6.6 0.7 — 11.1 Total cost of goods sold 9.0 11.2 0.7 — 20.9 Severance and related costs — 3.9 1.5 112.2 117.6 Asset impairment (net of gains on disposal) 27.8 4.1 — 2.5 34.4 Accelerated depreciation — — — 7.4 7.4 Contract/lease termination 6.5 3.7 0.8 16.1 27.1 Consulting/professional fees 1.0 — 0.8 105.9 107.7 Other selling, general and administrative expenses 5.7 4.7 0.3 20.7 31.4 Total selling, general and administrative expenses 41.0 16.4 3.4 264.8 325.6 Consolidated total $ 50.0 $ 27.6 $ 4.1 $ 264.8 $ 346.5 During the second quarter of fiscal 2022, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan: Grocery & Snacks Refrigerated & Frozen Corporate Total Other cost of goods sold $ — $ 1.4 $ — $ 1.4 Total cost of goods sold — 1.4 — 1.4 Severance and related costs — 0.4 — 0.4 Asset impairment (net of gains on disposal) — 0.1 (0.1 ) — Consulting/professional fees 0.1 — 2.7 2.8 Other selling, general and administrative expenses — 0.2 1.0 1.2 Total selling, general and administrative expenses 0.1 0.7 3.6 4.4 Consolidated total $ 0.1 $ 2.1 $ 3.6 $ 5.8 During the first half of fiscal 2022, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan: Grocery & Snacks Refrigerated & Frozen Corporate Total Other cost of goods sold $ — $ 1.5 $ — $ 1.5 Total cost of goods sold — 1.5 — 1.5 Severance and related costs — 0.4 (0.2 ) 0.2 Asset impairment (net of gains on disposal) — 0.1 (0.1 ) — Contract/lease termination — — 0.2 0.2 Consulting/professional fees 0.2 — 8.4 8.6 Other selling, general and administrative expenses 0.1 1.0 1.5 2.6 Total selling, general and administrative expenses 0.3 1.5 9.8 11.6 Consolidated total $ 0.3 $ 3.0 $ 9.8 $ 13.1 We recognized the following cumulative (plan inception to November 28, 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 4.4 0.7 — 7.4 Total cost of goods sold 2.9 9.0 0.7 — 12.6 Severance and related costs — 3.8 1.5 112.2 117.5 Asset impairment (net of gains on disposal) 0.3 4.1 — 2.5 6.9 Accelerated depreciation — — — 7.4 7.4 Contract/lease termination 1.8 — 0.8 16.1 18.7 Consulting/professional fees 0.9 — 0.8 97.9 99.6 Other selling, general and administrative expenses 2.9 2.1 0.3 18.8 24.1 Total selling, general and administrative expenses 5.9 10.0 3.4 254.9 274.2 Consolidated total $ 8.8 $ 19.0 $ 4.1 $ 254.9 $ 286.8
Schedule of Liabilities Recorded for the Restructuring Plan	Liabilities recorded for the Pinnacle Integration Restructuring Plan and changes therein for the first half 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 November 28, 2021 Severance and related costs $ 5.1 $ 0.2 $ (1.4 ) $ — $ 3.9 Contract/lease termination — 0.2 (0.2 ) — — Consulting/professional fees 3.9 8.6 (11.5 ) — 1.0 Other costs — 2.9 (2.9 ) — — Total $ 9.0 $ 11.9 $ (16.0 ) $ — $ 4.9
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 second quarter of fiscal 2022): Grocery & Snacks Refrigerated & Frozen International Foodservice Corporate Total Accelerated depreciation $ 33.2 $ 39.2 $ — $ — $ — $ 72.4 Other cost of goods sold 9.1 3.8 — — — 12.9 Total cost of goods sold 42.3 43.0 — — — 85.3 Severance and related costs 11.7 1.1 1.1 0.3 2.2 16.4 Asset impairment (net of gains on disposal) 23.3 0.4 0.1 — — 23.8 Contract/lease termination 0.1 2.6 — — 0.1 2.8 Consulting/professional fees — — — — 0.9 0.9 Other selling, general and administrative expenses 10.3 2.9 — — 0.4 13.6 Total selling, general and administrative expenses 45.4 7.0 1.2 0.3 3.6 57.5 Total $ 87.7 $ 50.0 $ 1.2 $ 0.3 $ 3.6 $ 142.8 Pension and postretirement non-service income 0.6 Consolidated total $ 143.4 During the second quarter of fiscal 2022, we recognized the following pre-tax expenses for the Conagra Restructuring Plan: Grocery & Snacks Refrigerated & Frozen Corporate Total Accelerated depreciation $ 0.2 $ 4.5 $ — $ 4.7 Other cost of goods sold 3.7 0.1 — 3.8 Total cost of goods sold 3.9 4.6 — 8.5 Severance and related costs (0.4 ) — (0.1 ) (0.5 ) Asset impairment (net of gains on disposal) (3.6 ) 0.1 — (3.5 ) Contract/lease termination 0.1 — — 0.1 Other selling, general and administrative expenses 1.9 — 0.1 2.0 Total selling, general and administrative expenses (2.0 ) 0.1 — (1.9 ) Total $ 1.9 $ 4.7 $ — $ 6.6 During the first half of fiscal 2022, we recognized the following pre-tax expenses for the Conagra Restructuring Plan: Grocery & Snacks Refrigerated & Frozen Foodservice Corporate Total Accelerated depreciation $ 1.2 $ 9.8 $ — $ — $ 11.0 Other cost of goods sold 3.7 0.1 — — 3.8 Total cost of goods sold 4.9 9.9 — — 14.8 Severance and related costs 1.3 (1.2 ) 0.3 0.1 0.5 Asset impairment (net of gains on disposal) (3.8 ) 0.1 — — (3.7 ) Contract/lease termination 0.1 — — — 0.1 Other selling, general and administrative expenses 3.3 — — 0.1 3.4 Total selling, general and administrative expenses 0.9 (1.1 ) 0.3 0.2 0.3 Total $ 5.8 $ 8.8 $ 0.3 $ 0.2 $ 15.1 We recognized the following cumulative (plan inception to November 28, 2021) pre-tax expenses for the Conagra Restructuring Plan in our Condensed Consolidated Statement of Earnings: Grocery & Snacks Refrigerated & Frozen International Foodservice Corporate Total Accelerated depreciation $ 33.2 $ 36.5 $ — $ — $ — $ 69.7 Other cost of goods sold 8.5 0.3 — — — 8.8 Total cost of goods sold 41.7 36.8 — — — 78.5 Severance and related costs 11.7 0.6 1.1 0.3 2.2 15.9 Asset impairment (net of gains on disposal) 23.3 0.4 0.1 — — 23.8 Contract/lease termination 0.1 — — — 0.1 0.2 Other selling, general and administrative expenses 8.3 0.3 — — 0.3 8.9 Total selling, general and administrative expenses 43.4 1.3 1.2 0.3 2.6 48.8 Total $ 85.1 $ 38.1 $ 1.2 $ 0.3 $ 2.6 $ 127.3 Pension and postretirement non-service income 0.6 Consolidated total $ 127.9
Schedule of Liabilities Recorded for the Restructuring Plan	Liabilities recorded for the Conagra Restructuring Plan and changes therein for the first half 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 November 28, 2021 Severance and related costs $ 9.7 $ 2.8 $ (6.3 ) $ (2.3 ) $ 3.9 Contract/lease termination — 0.1 (0.1 ) — — Other costs — 4.0 (2.6 ) — 1.4 Total $ 9.7 $ 6.9 $ (9.0 ) $ (2.3 ) $ 5.3

LONG-TERM DEBT AND REVOLVING _2

LONG-TERM DEBT AND REVOLVING CREDIT FACILITY (Tables)	6 Months Ended
	Nov. 28, 2021
Debt Disclosure [Abstract]
Schedule of Net Interest Expense	Net interest expense consists of: Thirteen Weeks Ended Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Long-term debt $ 97.7 $ 110.2 $ 194.6 $ 227.2 Short-term debt 0.5 0.5 1.1 0.5 Interest income (0.3 ) (0.4 ) (0.6 ) (1.2 ) Interest capitalized (3.0 ) (2.6 ) (6.0 ) (5.1 ) $ 94.9 $ 107.7 $ 189.1 $ 221.4

GOODWILL AND OTHER IDENTIFIAB_2

GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS (Tables)	6 Months Ended
	Nov. 28, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Change in Carrying Amount of Goodwill	The change in the carrying amount of goodwill for the first half of fiscal 2022, excluding amounts classified as held for sale (see Note 2), was as follows: Grocery & Snacks Refrigerated & Frozen International Foodservice Total Balance as of May 30, 2021 $ 4,692.4 $ 5,611.2 $ 302.5 $ 732.8 $ 11,338.9 Currency translation — — (6.9 ) — (6.9 ) Balance as of November 28, 2021 $ 4,692.4 $ 5,611.2 $ 295.6 $ 732.8 $ 11,332.0
Schedule of Other Identifiable Intangible Assets	Other identifiable intangible assets, excluding amounts classified as held for sale, were as follows: November 28, 2021 May 30, 2021 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Non-amortizing intangible assets Brands and trademarks $ 3,271.2 $ — $ 3,273.1 $ — Amortizing intangible assets Customer relationships and intellectual property 1,227.3 406.3 1,228.8 377.3 $ 4,498.5 $ 406.3 $ 4,501.9 $ 377.3

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Nov. 28, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets and Liabilities and Amounts Representing Right to Reclaim or Obligation to Return Cash Collateral	Derivative assets and liabilities and amounts representing a right to reclaim cash collateral or an obligation to return cash collateral were reflected in our Condensed Consolidated Balance Sheets as follows: November 28, 2021 May 30, 2021 Prepaid expenses and other current assets $ 6.3 $ 15.5 Other accrued liabilities — 6.9
Schedule of Derivative Assets and Liabilities on a Gross Basis	The following table presents our derivative assets and liabilities, at November 28, 2021, on a gross basis, prior to the setoff of $6.0 million to total derivative assets and $3.2 million to total derivative liabilities where legal right of setoff existed: Derivative Assets Derivative Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair Value Commodity contracts Prepaid expenses and other current assets $ 9.1 Other accrued liabilities $ 3.2 Foreign exchange contracts Prepaid expenses and other current assets 3.2 Other accrued liabilities — Total derivatives not designated as hedging instruments $ 12.3 $ 3.2 The following table presents our derivative assets and liabilities at May 30, 2021, on a gross basis, prior to the setoff of $7.4 million to total derivative assets and $5.4 million to total derivative liabilities where legal right of setoff existed: Derivative Assets Derivative Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair Value Commodity contracts Prepaid expenses and other current assets $ 22.9 Other accrued liabilities $ 5.4 Foreign exchange contracts Prepaid expenses and other current assets — Other accrued liabilities 6.9 Total derivatives not designated as hedging instruments $ 22.9 $ 12.3
Schedule of Location and Amount of Gains (Losses) from Derivatives Not Designated as Hedging Instruments	The location and amount of gains (losses) from derivatives not designated as hedging instruments in our Condensed Consolidated Statements of Earnings were as follows: Location in Condensed Consolidated Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Thirteen Weeks Ended Derivatives Not Designated as Hedging Instruments Statements of Earnings of Gains (Losses) Recognized on Derivatives November 28, 2021 November 29, 2020 Commodity contracts Cost of goods sold $ 4.6 $ 2.4 Foreign exchange contracts Cost of goods sold 2.4 (2.3 ) Total gains from derivative instruments not designated as hedging instruments $ 7.0 $ 0.1 Location in Condensed Consolidated Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Twenty-six Weeks Ended Derivatives Not Designated as Hedging Instruments Statements of Earnings of Gains (Losses) Recognized on Derivatives November 28, 2021 November 29, 2020 Commodity contracts Cost of goods sold $ 8.8 $ 3.6 Foreign exchange contracts Cost of goods sold 8.4 (7.5 ) Total gains (losses) from derivative instruments not designated as hedging instruments $ 17.2 $ (3.9 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Nov. 28, 2021
Earnings Per Share [Abstract]
Reconciliation of Income and Average Share Amounts Used to Compute Basic and Diluted Earnings Per Share	The following table reconciles the income and average share amounts used to compute both basic and diluted earnings per share: Thirteen Weeks Ended Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Net income attributable to Conagra Brands, Inc. common stockholders: $ 275.5 $ 378.9 $ 510.9 $ 707.9 Weighted average shares outstanding: Basic weighted average shares outstanding 480.2 489.1 480.3 488.6 Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities 1.7 1.8 1.8 1.7 Diluted weighted average shares outstanding 481.9 490.9 482.1 490.3

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Nov. 28, 2021
Inventory Disclosure [Abstract]
Schedule of Major Classes of Inventories	The major classes of inventories were as follows: November 28, 2021 May 30, 2021 Raw materials and packaging $ 313.8 $ 284.1 Work in process 203.0 125.1 Finished goods 1,262.1 1,221.8 Supplies and other 79.8 78.7 Total $ 1,858.7 $ 1,709.7

PENSION AND POSTRETIREMENT BE_2

PENSION AND POSTRETIREMENT BENEFITS (Tables)	6 Months Ended
	Nov. 28, 2021
Compensation And Retirement Disclosure [Abstract]
Components of Pension and Postretirement Plan Costs (Benefits)	Components of pension and postretirement plan costs (benefits) are: Pension Plans Thirteen Weeks Ended Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Service cost $ 2.0 $ 3.2 $ 4.7 $ 6.3 Interest cost 20.8 21.7 41.6 43.4 Expected return on plan assets (36.3 ) (35.0 ) (72.7 ) (70.0 ) Amortization of prior service cost 0.4 0.6 0.9 1.2 Pension cost (benefit) — Company plans (13.1 ) (9.5 ) (25.5 ) (19.1 ) Pension cost (benefit) — multi-employer plans 2.4 2.2 4.3 4.0 Total pension cost (benefit) $ (10.7 ) $ (7.3 ) $ (21.2 ) $ (15.1 ) Postretirement Plans Thirteen Weeks Ended Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Service cost $ 0.1 $ — $ 0.1 $ 0.1 Interest cost 0.4 0.4 0.7 0.7 Amortization of prior service cost (benefit) (0.4 ) (0.5 ) (0.9 ) (1.0 ) Recognized net actuarial gain (1.0 ) (0.9 ) (1.8 ) (1.8 ) Total postretirement cost (benefit) $ (0.9 ) $ (1.0 ) $ (1.9 ) $ (2.0 )

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Nov. 28, 2021
Equity [Abstract]
Reconciliation of Stockholders' Equity Accounts	The following table presents a reconciliation of our stockholders' equity accounts for the twenty-six weeks ended November 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 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 The following table presents a reconciliation of our stockholders' equity accounts for the twenty-six weeks ended November 29, 2020: 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

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Nov. 28, 2021
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents our financial instruments measured at fair value on a recurring basis for which, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of November 28, 2021: Level 1 Level 2 Level 3 Net Value Assets: Derivative assets $ 3.1 $ 3.2 $ — $ 6.3 Marketable securities 6.7 — — 6.7 Deferred compensation assets 8.7 — — 8.7 Available-for-sale debt securities — — 7.2 7.2 Total assets $ 18.5 $ 3.2 $ 7.2 $ 28.9 Liabilities: Deferred compensation liabilities 86.4 — — 86.4 Total liabilities $ 86.4 $ — $ — $ 86.4 The following table presents our financial assets and liabilities measured at fair value on a recurring basis, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of May 30, 2021: Level 1 Level 2 Level 3 Net Value Assets: Derivative assets $ 13.0 $ 2.5 $ — $ 15.5 Marketable securities 6.6 — — 6.6 Deferred compensation assets 8.8 — — 8.8 Total assets $ 28.4 $ 2.5 $ — $ 30.9 Liabilities: Derivative liabilities $ — $ 6.9 $ — $ 6.9 Deferred compensation liabilities 81.0 — — 81.0 Total liabilities $ 81.0 $ 6.9 $ — $ 87.9

BUSINESS SEGMENTS AND RELATED_2

BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)	6 Months Ended
	Nov. 28, 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 Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Net sales Grocery & Snacks $ 1,264.5 $ 1,283.1 $ 2,339.6 $ 2,414.1 Refrigerated & Frozen 1,285.9 1,248.0 2,387.7 2,378.6 International 262.2 249.8 498.8 468.8 Foodservice 246.3 214.3 486.1 412.6 Total net sales $ 3,058.9 $ 2,995.2 $ 5,712.2 $ 5,674.1 Operating profit Grocery & Snacks $ 249.2 $ 316.1 $ 465.1 $ 599.2 Refrigerated & Frozen 168.3 264.3 325.9 504.4 International 37.1 39.5 71.2 78.0 Foodservice 13.8 22.6 34.1 48.0 Total operating profit $ 468.4 $ 642.5 $ 896.3 $ 1,229.6 Equity method investment earnings 29.5 23.0 49.7 29.5 General corporate expense 59.0 111.3 123.6 188.5 Pension and postretirement non-service income (16.1 ) (13.7 ) (32.2 ) (27.5 ) Interest expense, net 94.9 107.7 189.1 221.4 Income tax expense 84.2 80.7 153.9 167.4 Net income $ 275.9 $ 379.5 $ 511.6 $ 709.3 Less: Net income attributable to noncontrolling interests 0.4 0.6 0.7 1.4 Net income attributable to Conagra Brands, Inc. $ 275.5 $ 378.9 $ 510.9 $ 707.9 The following table presents further disaggregation of our net sales: Thirteen Weeks Ended Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Frozen $ 1,073.1 $ 1,020.3 $ 1,993.5 $ 1,938.7 Staples Other shelf-stable 724.6 791.9 1,366.2 1,505.8 Refrigerated 212.8 227.7 394.2 439.9 Snacks 539.9 491.2 973.4 908.3 Foodservice 246.3 214.3 486.1 412.6 International 262.2 249.8 498.8 468.8 Total net sales $ 3,058.9 $ 2,995.2 $ 5,712.2 $ 5,674.1
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 Twenty-Six Weeks Ended November 28, 2021 November 29, 2020 November 28, 2021 November 29, 2020 Gross derivative gains (losses) incurred $ 7.0 $ 0.1 $ 17.2 $ (3.9 ) Less: Net derivative gains (losses) allocated to reporting segments 8.8 (3.2 ) 13.8 (4.7 ) Net derivative gains (losses) recognized in general corporate expenses $ (1.8 ) $ 3.3 $ 3.4 $ 0.8 Net derivative gains (losses) allocated to Grocery & Snacks $ 4.7 $ (2.6 ) $ 7.9 $ (4.4 ) Net derivative gains (losses) allocated to Refrigerated & Frozen 4.6 (0.9 ) 9.3 (2.0 ) Net derivative gains (losses) allocated to International (0.7 ) 0.8 (3.9 ) 2.4 Net derivative gains (losses) allocated to Foodservice 0.2 (0.5 ) 0.5 (0.7 ) Net derivative gains (losses) included in segment operating profit $ 8.8 $ (3.2 ) $ 13.8 $ (4.7 )

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Accumulated Balances for Each Component of Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Millions	Nov. 28, 2021	Aug. 29, 2021	May 30, 2021	Nov. 29, 2020	Aug. 30, 2020	May 31, 2020
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated balances	$ 8,756.9	$ 8,635.9	$ 8,631.4	$ 8,469.5	$ 8,199	$ 7,950.7
Currency translation losses, net of reclassification adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated balances	(107.7)		(77.1)
Derivative adjustments, net of reclassification adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated balances	23.6		24.3
Pension and postretirement benefit obligations, net of reclassification adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated balances	59.3		58.6
Accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated balances	$ (24.8)	$ (9.4)	$ 5.8	$ (85.1)	$ (95.8)	$ (109.6)

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Reclassifications from Accumulated Other Comprehensive Income (Loss) into Income (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Nov. 28, 2021	Aug. 29, 2021	Nov. 29, 2020	Aug. 30, 2020	Nov. 28, 2021	Nov. 29, 2020
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Interest expense, net	$ (94.9)		$ (107.7)		$ (189.1)	$ (221.4)
Pension and postretirement non-service income	(16.1)		(13.7)		(32.2)	(27.5)
Selling, general and administrative expenses	(345.4)		(357.7)		(655.5)	(658)
Equity method investment earnings	29.5		23		49.7	29.5
Income before income taxes and equity method investment earnings	330.6		437.2		615.8	847.2
Income tax expense	(84.2)		(80.7)		(153.9)	(167.4)
Net income attributable to Conagra Brands, Inc.	275.5	$ 235.4	378.9	$ 329	510.9	707.9
Reclassification out of accumulated other comprehensive loss | Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Interest expense, net	(0.7)		(0.7)		(1.5)	(1.6)
Selling, general and administrative expenses	0		(0.5)		0	(0.5)
Equity method investment earnings	0.4		0		0.9	0
Income before income taxes and equity method investment earnings	(0.3)		(1.2)		(0.6)	(2.1)
Income tax expense	0		0.3		0.1	0.5
Net income attributable to Conagra Brands, Inc.	(0.3)		(0.9)		(0.5)	(1.6)
Reclassification out of accumulated other comprehensive loss | Net prior service cost
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement non-service income	0.1		0.1		0.1	0.2
Reclassification out of accumulated other comprehensive loss | Net actuarial gain
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement non-service income	(1)		(0.9)		(1.8)	(1.8)
Reclassification out of accumulated other comprehensive loss | Pension and postretirement liabilities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes and equity method investment earnings	(0.9)		(0.8)		(1.7)	(1.6)
Income tax expense	0.3		0.2		0.5	0.4
Net income attributable to Conagra Brands, Inc.	$ (0.6)		$ (0.6)		$ (1.2)	$ (1.2)

DIVESTITURES AND ASSETS HELD _3

DIVESTITURES AND ASSETS HELD FOR SALE - Narrative (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Nov. 28, 2021	May 30, 2021	Feb. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestitures, net of cash divested					$ 0.1	$ 8.6
Gain from sales of business					0	5.3
Impairment charge					$ 41.6	$ 3.9
Other Assets Held for Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charge	$ 39.2
Egg Beaters Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestitures, net of cash divested		$ 50.7
Peter Pan Peanut Butter Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestitures, net of cash divested			$ 101.5
H.K. Anderson Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestitures, net of cash divested				$ 8.7
Gain from sales of business				$ 5.3

DIVESTITURES AND ASSETS HELD _4

DIVESTITURES AND ASSETS HELD FOR SALE - Schedule of Assets and Liabilities Classified as Held for Sale (Details) - USD ($) $ in Millions	Nov. 28, 2021	May 30, 2021
Discontinued Operations And Disposal Groups [Abstract]
Current assets held for sale	$ 23.6	$ 24.3
Noncurrent assets held for sale	64.7	113.3
Current liabilities held for sale	1.7	1.6
Noncurrent liabilities held for sale	$ 2.4	$ 3.2

RESTRUCTURING ACTIVITIES - Narr

RESTRUCTURING ACTIVITIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		34 Months Ended	36 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 28, 2021
Pinnacle Integration Restructuring Plan
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	$ 346.5		$ 346.5		$ 346.5	$ 346.5
Cash charges incurred or expected to be incurred	278		278		278	278
Non-cash charges incurred or expected to be incurred	68.5		68.5		68.5	68.5
Recognized charges	5.8	$ 10.2	13.1	$ 18.8		286.8
Charges that have resulted or will result in cash outflows	4.6		11.9			252.8
Non-cash charges	1.2		1.2			34
Conagra Restructuring Plan
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	143.4		143.4		143.4	143.4
Cash charges incurred or expected to be incurred	40.2		40.2		40.2	40.2
Non-cash charges incurred or expected to be incurred	103.2		103.2		103.2	103.2
Recognized charges	6.6	$ 10.5	15.1	$ 27.8	127.9
Charges that have resulted or will result in cash outflows					28.7
Non-cash charges					99.2
Charges approved for incurrence	172.6		172.6		172.6	172.6
Cash charges approved for incurrence	45.8		45.8		45.8	45.8
Non-cash charges approved for incurrence	126.8		$ 126.8		$ 126.8	$ 126.8
Charges that have resulted or will result in cash outflows	2.2
Non-cash charges	$ 4.4

RESTRUCTURING ACTIVITIES - Sche

RESTRUCTURING ACTIVITIES - Schedule of Pre-Tax Expenses in Association with the Restructuring Plan (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		34 Months Ended	36 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 28, 2021
Pinnacle Integration Restructuring Plan
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	$ 346.5		$ 346.5		$ 346.5	$ 346.5
Recognized pre-tax expenses	5.8	$ 10.2	13.1	$ 18.8		286.8
Pinnacle Integration Restructuring Plan | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	50		50		50	50
Recognized pre-tax expenses	0.1		0.3			8.8
Pinnacle Integration Restructuring Plan | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	27.6		27.6		27.6	27.6
Recognized pre-tax expenses	2.1		3			19
Pinnacle Integration Restructuring Plan | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	4.1		4.1		4.1	4.1
Recognized pre-tax expenses						4.1
Pinnacle Integration Restructuring Plan | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	264.8		264.8		264.8	264.8
Recognized pre-tax expenses	3.6		9.8			254.9
Pinnacle Integration Restructuring Plan | Accelerated depreciation
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	9.8		9.8		9.8	9.8
Recognized pre-tax expenses						5.2
Pinnacle Integration Restructuring Plan | Accelerated depreciation | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	5.2		5.2		5.2	5.2
Recognized pre-tax expenses						0.6
Pinnacle Integration Restructuring Plan | Accelerated depreciation | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	4.6		4.6		4.6	4.6
Recognized pre-tax expenses						4.6
Pinnacle Integration Restructuring Plan | Other cost of goods sold
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	11.1		11.1		11.1	11.1
Recognized pre-tax expenses	1.4		1.5			7.4
Pinnacle Integration Restructuring Plan | Other cost of goods sold | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	3.8		3.8		3.8	3.8
Recognized pre-tax expenses						2.3
Pinnacle Integration Restructuring Plan | Other cost of goods sold | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	6.6		6.6		6.6	6.6
Recognized pre-tax expenses	1.4		1.5			4.4
Pinnacle Integration Restructuring Plan | Other cost of goods sold | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.7		0.7		0.7	0.7
Recognized pre-tax expenses						0.7
Pinnacle Integration Restructuring Plan | Total cost of goods sold
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	20.9		20.9		20.9	20.9
Recognized pre-tax expenses	1.4		1.5			12.6
Pinnacle Integration Restructuring Plan | Total cost of goods sold | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	9		9		9	9
Recognized pre-tax expenses						2.9
Pinnacle Integration Restructuring Plan | Total cost of goods sold | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	11.2		11.2		11.2	11.2
Recognized pre-tax expenses	1.4		1.5			9
Pinnacle Integration Restructuring Plan | Total cost of goods sold | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.7		0.7		0.7	0.7
Recognized pre-tax expenses						0.7
Pinnacle Integration Restructuring Plan | Severance and related costs
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	117.6		117.6		117.6	117.6
Recognized pre-tax expenses	0.4		0.2			117.5
Pinnacle Integration Restructuring Plan | Severance and related costs | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	3.9		3.9		3.9	3.9
Recognized pre-tax expenses	0.4		0.4			3.8
Pinnacle Integration Restructuring Plan | Severance and related costs | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	1.5		1.5		1.5	1.5
Recognized pre-tax expenses						1.5
Pinnacle Integration Restructuring Plan | Severance and related costs | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	112.2		112.2		112.2	112.2
Recognized pre-tax expenses			(0.2)			112.2
Pinnacle Integration Restructuring Plan | Asset impairment (net of gains on disposal)
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	34.4		34.4		34.4	34.4
Recognized pre-tax expenses						6.9
Pinnacle Integration Restructuring Plan | Asset impairment (net of gains on disposal) | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	27.8		27.8		27.8	27.8
Recognized pre-tax expenses						0.3
Pinnacle Integration Restructuring Plan | Asset impairment (net of gains on disposal) | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	4.1		4.1		4.1	4.1
Recognized pre-tax expenses	0.1		0.1			4.1
Pinnacle Integration Restructuring Plan | Asset impairment (net of gains on disposal) | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	2.5		2.5		2.5	2.5
Recognized pre-tax expenses	(0.1)		(0.1)			2.5
Pinnacle Integration Restructuring Plan | Accelerated depreciation
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	7.4		7.4		7.4	7.4
Recognized pre-tax expenses						7.4
Pinnacle Integration Restructuring Plan | Accelerated depreciation | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	7.4		7.4		7.4	7.4
Recognized pre-tax expenses						7.4
Pinnacle Integration Restructuring Plan | Contract/lease termination
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	27.1		27.1		27.1	27.1
Recognized pre-tax expenses			0.2			18.7
Pinnacle Integration Restructuring Plan | Contract/lease termination | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	6.5		6.5		6.5	6.5
Recognized pre-tax expenses						1.8
Pinnacle Integration Restructuring Plan | Contract/lease termination | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	3.7		3.7		3.7	3.7
Pinnacle Integration Restructuring Plan | Contract/lease termination | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.8		0.8		0.8	0.8
Recognized pre-tax expenses						0.8
Pinnacle Integration Restructuring Plan | Contract/lease termination | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	16.1		16.1		16.1	16.1
Recognized pre-tax expenses			0.2			16.1
Pinnacle Integration Restructuring Plan | Consulting/professional fees
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	107.7		107.7		107.7	107.7
Recognized pre-tax expenses	2.8		8.6			99.6
Pinnacle Integration Restructuring Plan | Consulting/professional fees | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	1		1		1	1
Recognized pre-tax expenses	0.1		0.2			0.9
Pinnacle Integration Restructuring Plan | Consulting/professional fees | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.8		0.8		0.8	0.8
Recognized pre-tax expenses						0.8
Pinnacle Integration Restructuring Plan | Consulting/professional fees | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	105.9		105.9		105.9	105.9
Recognized pre-tax expenses	2.7		8.4			97.9
Pinnacle Integration Restructuring Plan | Other selling, general and administrative expenses
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	31.4		31.4		31.4	31.4
Recognized pre-tax expenses	1.2		2.6			24.1
Pinnacle Integration Restructuring Plan | Other selling, general and administrative expenses | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	5.7		5.7		5.7	5.7
Recognized pre-tax expenses			0.1			2.9
Pinnacle Integration Restructuring Plan | Other selling, general and administrative expenses | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	4.7		4.7		4.7	4.7
Recognized pre-tax expenses	0.2		1			2.1
Pinnacle Integration Restructuring Plan | Other selling, general and administrative expenses | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.3		0.3		0.3	0.3
Recognized pre-tax expenses						0.3
Pinnacle Integration Restructuring Plan | Other selling, general and administrative expenses | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	20.7		20.7		20.7	20.7
Recognized pre-tax expenses	1		1.5			18.8
Pinnacle Integration Restructuring Plan | Total selling, general and administrative expenses
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	325.6		325.6		325.6	325.6
Recognized pre-tax expenses	4.4		11.6			274.2
Pinnacle Integration Restructuring Plan | Total selling, general and administrative expenses | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	41		41		41	41
Recognized pre-tax expenses	0.1		0.3			5.9
Pinnacle Integration Restructuring Plan | Total selling, general and administrative expenses | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	16.4		16.4		16.4	16.4
Recognized pre-tax expenses	0.7		1.5			10
Pinnacle Integration Restructuring Plan | Total selling, general and administrative expenses | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	3.4		3.4		3.4	3.4
Recognized pre-tax expenses						3.4
Pinnacle Integration Restructuring Plan | Total selling, general and administrative expenses | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	264.8		264.8		264.8	264.8
Recognized pre-tax expenses	3.6		9.8			254.9
Conagra Restructuring Plan
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	143.4		143.4		143.4	143.4
Recognized pre-tax expenses	6.6	$ 10.5	15.1	$ 27.8	127.9
Conagra Restructuring Plan | Accelerated depreciation
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	72.4		72.4		72.4	72.4
Recognized pre-tax expenses	4.7		11		69.7
Conagra Restructuring Plan | Accelerated depreciation | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	33.2		33.2		33.2	33.2
Recognized pre-tax expenses	0.2		1.2		33.2
Conagra Restructuring Plan | Accelerated depreciation | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	39.2		39.2		39.2	39.2
Recognized pre-tax expenses	4.5		9.8		36.5
Conagra Restructuring Plan | Other cost of goods sold
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	12.9		12.9		12.9	12.9
Recognized pre-tax expenses	3.8		3.8		8.8
Conagra Restructuring Plan | Other cost of goods sold | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	9.1		9.1		9.1	9.1
Recognized pre-tax expenses	3.7		3.7		8.5
Conagra Restructuring Plan | Other cost of goods sold | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	3.8		3.8		3.8	3.8
Recognized pre-tax expenses	0.1		0.1		0.3
Conagra Restructuring Plan | Total cost of goods sold
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	85.3		85.3		85.3	85.3
Recognized pre-tax expenses	8.5		14.8		78.5
Conagra Restructuring Plan | Total cost of goods sold | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	42.3		42.3		42.3	42.3
Recognized pre-tax expenses	3.9		4.9		41.7
Conagra Restructuring Plan | Total cost of goods sold | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	43		43		43	43
Recognized pre-tax expenses	4.6		9.9		36.8
Conagra Restructuring Plan | Severance and related costs
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	16.4		16.4		16.4	16.4
Recognized pre-tax expenses	(0.5)		0.5		15.9
Conagra Restructuring Plan | Severance and related costs | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	11.7		11.7		11.7	11.7
Recognized pre-tax expenses	(0.4)		1.3		11.7
Conagra Restructuring Plan | Severance and related costs | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	1.1		1.1		1.1	1.1
Recognized pre-tax expenses			(1.2)		0.6
Conagra Restructuring Plan | Severance and related costs | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	1.1		1.1		1.1	1.1
Recognized pre-tax expenses					1.1
Conagra Restructuring Plan | Severance and related costs | Reporting segments | Foodservice
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.3		0.3		0.3	0.3
Recognized pre-tax expenses			0.3		0.3
Conagra Restructuring Plan | Severance and related costs | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	2.2		2.2		2.2	2.2
Recognized pre-tax expenses	(0.1)		0.1		2.2
Conagra Restructuring Plan | Asset impairment (net of gains on disposal)
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	23.8		23.8		23.8	23.8
Recognized pre-tax expenses	(3.5)		(3.7)		23.8
Conagra Restructuring Plan | Asset impairment (net of gains on disposal) | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	23.3		23.3		23.3	23.3
Recognized pre-tax expenses	(3.6)		(3.8)		23.3
Conagra Restructuring Plan | Asset impairment (net of gains on disposal) | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.4		0.4		0.4	0.4
Recognized pre-tax expenses	0.1		0.1		0.4
Conagra Restructuring Plan | Asset impairment (net of gains on disposal) | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.1		0.1		0.1	0.1
Recognized pre-tax expenses					0.1
Conagra Restructuring Plan | Contract/lease termination
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	2.8		2.8		2.8	2.8
Recognized pre-tax expenses	0.1		0.1		0.2
Conagra Restructuring Plan | Contract/lease termination | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.1		0.1		0.1	0.1
Recognized pre-tax expenses	0.1		0.1		0.1
Conagra Restructuring Plan | Contract/lease termination | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	2.6		2.6		2.6	2.6
Conagra Restructuring Plan | Contract/lease termination | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.1		0.1		0.1	0.1
Recognized pre-tax expenses					0.1
Conagra Restructuring Plan | Consulting/professional fees
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.9		0.9		0.9	0.9
Conagra Restructuring Plan | Consulting/professional fees | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.9		0.9		0.9	0.9
Conagra Restructuring Plan | Other selling, general and administrative expenses
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	13.6		13.6		13.6	13.6
Recognized pre-tax expenses	2		3.4		8.9
Conagra Restructuring Plan | Other selling, general and administrative expenses | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	10.3		10.3		10.3	10.3
Recognized pre-tax expenses	1.9		3.3		8.3
Conagra Restructuring Plan | Other selling, general and administrative expenses | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	2.9		2.9		2.9	2.9
Recognized pre-tax expenses					0.3
Conagra Restructuring Plan | Other selling, general and administrative expenses | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.4		0.4		0.4	0.4
Recognized pre-tax expenses	0.1		0.1		0.3
Conagra Restructuring Plan | Total selling, general and administrative expenses
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	57.5		57.5		57.5	57.5
Recognized pre-tax expenses	(1.9)		0.3		48.8
Conagra Restructuring Plan | Total selling, general and administrative expenses | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	45.4		45.4		45.4	45.4
Recognized pre-tax expenses	(2)		0.9		43.4
Conagra Restructuring Plan | Total selling, general and administrative expenses | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	7		7		7	7
Recognized pre-tax expenses	0.1		(1.1)		1.3
Conagra Restructuring Plan | Total selling, general and administrative expenses | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	1.2		1.2		1.2	1.2
Recognized pre-tax expenses					1.2
Conagra Restructuring Plan | Total selling, general and administrative expenses | Reporting segments | Foodservice
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.3		0.3		0.3	0.3
Recognized pre-tax expenses			0.3		0.3
Conagra Restructuring Plan | Total selling, general and administrative expenses | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	3.6		3.6		3.6	3.6
Recognized pre-tax expenses			0.2		2.6
Conagra Restructuring Plan | Total
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	142.8		142.8		142.8	142.8
Recognized pre-tax expenses	6.6		15.1		127.3
Conagra Restructuring Plan | Total | Reporting segments | Grocery & Snacks
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	87.7		87.7		87.7	87.7
Recognized pre-tax expenses	1.9		5.8		85.1
Conagra Restructuring Plan | Total | Reporting segments | Refrigerated & Frozen
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	50		50		50	50
Recognized pre-tax expenses	4.7		8.8		38.1
Conagra Restructuring Plan | Total | Reporting segments | International
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	1.2		1.2		1.2	1.2
Recognized pre-tax expenses					1.2
Conagra Restructuring Plan | Total | Reporting segments | Foodservice
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	0.3		0.3		0.3	0.3
Recognized pre-tax expenses			0.3		0.3
Conagra Restructuring Plan | Total | Corporate
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	3.6		3.6		3.6	3.6
Recognized pre-tax expenses			0.2		2.6
Conagra Restructuring Plan | Pension And Postretirement Nonservice Cost Income
Restructuring Cost And Reserve [Line Items]
Charges expected to be incurred	$ 0.6		$ 0.6		0.6	$ 0.6
Recognized pre-tax expenses					$ 0.6

RESTRUCTURING ACTIVITIES - Sc_2

RESTRUCTURING ACTIVITIES - Schedule of Liabilities Recorded for the Restructuring Plan (Details) $ in Millions	6 Months Ended
	Nov. 28, 2021USD ($)
Pinnacle Integration Restructuring Plan
Restructuring Cost and Reserve
Beginning balance	$ 9
Costs Incurred and Charged to Expense	11.9
Costs Paid or Otherwise Settled	(16)
Ending balance	4.9
Pinnacle Integration Restructuring Plan | Severance and related costs
Restructuring Cost and Reserve
Beginning balance	5.1
Costs Incurred and Charged to Expense	0.2
Costs Paid or Otherwise Settled	(1.4)
Ending balance	3.9
Pinnacle Integration Restructuring Plan | Contract/lease termination
Restructuring Cost and Reserve
Costs Incurred and Charged to Expense	0.2
Costs Paid or Otherwise Settled	(0.2)
Pinnacle Integration Restructuring Plan | Consulting/professional fees
Restructuring Cost and Reserve
Beginning balance	3.9
Costs Incurred and Charged to Expense	8.6
Costs Paid or Otherwise Settled	(11.5)
Ending balance	1
Pinnacle Integration Restructuring Plan | Other Costs
Restructuring Cost and Reserve
Costs Incurred and Charged to Expense	2.9
Costs Paid or Otherwise Settled	(2.9)
Conagra Restructuring Plan
Restructuring Cost and Reserve
Beginning balance	9.7
Costs Incurred and Charged to Expense	6.9
Costs Paid or Otherwise Settled	(9)
Changes in Estimates	(2.3)
Ending balance	5.3
Conagra Restructuring Plan | Severance and related costs
Restructuring Cost and Reserve
Beginning balance	9.7
Costs Incurred and Charged to Expense	2.8
Costs Paid or Otherwise Settled	(6.3)
Changes in Estimates	(2.3)
Ending balance	3.9
Conagra Restructuring Plan | Contract/lease termination
Restructuring Cost and Reserve
Costs Incurred and Charged to Expense	0.1
Costs Paid or Otherwise Settled	(0.1)
Conagra Restructuring Plan | Other Costs
Restructuring Cost and Reserve
Costs Incurred and Charged to Expense	4
Costs Paid or Otherwise Settled	(2.6)
Ending balance	$ 1.4

LONG-TERM DEBT AND REVOLVING _3

LONG-TERM DEBT AND REVOLVING CREDIT FACILITY - Narrative (Details) - USD ($)	3 Months Ended				6 Months Ended
	May 30, 2021	Feb. 28, 2021	Nov. 29, 2020	Aug. 30, 2020	Nov. 28, 2021	Nov. 29, 2020	Aug. 29, 2021
Debt Instrument [Line Items]
Repayments of long-term debt					$ 29,400,000	$ 1,881,700,000
Loss on extinguishment of debt					0	$ 44,300,000
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity					1,600,000,000
Maximum additional borrowing capacity					2,100,000,000
Outstanding borrowings					$ 0
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Duration of additional extension terms available for credit facility					1 year
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Duration of additional extension terms available for credit facility					2 years
The Amended Revolving Credit Facility
Debt Instrument [Line Items]
Required minimum ratio of EBITDA to interest expense							300.00%
Ratio of funded debt to EBITDA (maximum)							450.00%
Senior Notes | 0.500% Senior Notes due August 11, 2023
Debt Instrument [Line Items]
Aggregate principal amount							$ 500,000,000
Stated interest rate							0.50%
Senior Notes | 3.20% Senior Notes due January 25, 2023
Debt Instrument [Line Items]
Stated interest rate		3.20%
Repayments of long-term debt		$ 400,000,000
Senior Notes | 3.80% Senior Notes due October 22, 2021
Debt Instrument [Line Items]
Stated interest rate			3.80%			3.80%
Repayments of long-term debt			$ 1,200,000,000
Senior Notes | 3.80% Senior Notes due October 22, 2021 | SG&A Expenses
Debt Instrument [Line Items]
Loss on extinguishment of debt			44,300,000
Senior Notes | 1.375% Senior Notes due November 01, 2027
Debt Instrument [Line Items]
Aggregate principal amount			$ 1,000,000,000			$ 1,000,000,000
Stated interest rate			1.375%			1.375%
Senior Notes | Floating Rate Notes due on October 9, 2020
Debt Instrument [Line Items]
Repayments of long-term debt			$ 500,000,000
Senior Notes | 4.95% Senior Notes due August 15, 2020
Debt Instrument [Line Items]
Stated interest rate				4.95%
Repayments of long-term debt				$ 126,600,000
Subordinated debt | 9.75% subordinated debt due March 1, 2021
Debt Instrument [Line Items]
Stated interest rate	9.75%
Repayments of long-term debt	$ 195,900,000

LONG-TERM DEBT AND REVOLVING _4

LONG-TERM DEBT AND REVOLVING CREDIT FACILITY - Schedule of Net Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020
Debt Disclosure [Abstract]
Long-term debt	$ 97.7	$ 110.2	$ 194.6	$ 227.2
Short-term debt	0.5	0.5	1.1	0.5
Interest income	(0.3)	(0.4)	(0.6)	(1.2)
Interest capitalized	(3)	(2.6)	(6)	(5.1)
Net interest expense	$ 94.9	$ 107.7	$ 189.1	$ 221.4

GOODWILL AND OTHER IDENTIFIAB_3

GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS - Schedule of Change in Carrying Amount of Goodwill (Details) $ in Millions	6 Months Ended
	Nov. 28, 2021USD ($)
Goodwill
Balance as of May 30, 2021	$ 11,338.9
Currency translation	(6.9)
Balance as of November 28, 2021	11,332
Grocery & Snacks
Goodwill
Balance as of May 30, 2021	4,692.4
Currency translation	0
Balance as of November 28, 2021	4,692.4
Refrigerated & Frozen
Goodwill
Balance as of May 30, 2021	5,611.2
Currency translation	0
Balance as of November 28, 2021	5,611.2
International
Goodwill
Balance as of May 30, 2021	302.5
Currency translation	(6.9)
Balance as of November 28, 2021	295.6
Foodservice
Goodwill
Balance as of May 30, 2021	732.8
Currency translation	0
Balance as of November 28, 2021	$ 732.8

GOODWILL AND OTHER IDENTIFIAB_4

GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS - Schedule of Other Identifiable Intangible Assets (Details) - USD ($) $ in Millions	Nov. 28, 2021	May 30, 2021
Identifiable intangible assets
Gross Carrying Amount	$ 4,498.5	$ 4,501.9
Customer Relationships and Intellectual Property
Amortizing intangible assets
Gross Carrying Amount	1,227.3	1,228.8
Accumulated Amortization	406.3	377.3
Brands and Trademarks
Non-amortizing intangible assets
Gross Carrying Amount	$ 3,271.2	$ 3,273.1

GOODWILL AND OTHER IDENTIFIAB_5

GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Remaining weighted average life of amortizing intangible assets			19 years
Amortization expense	$ 14.8	$ 15	$ 29.7	$ 29.9
Average amortization annual expense in year one	51.8		51.8
Average amortization annual expense in year two	51.8		51.8
Average amortization annual expense in year three	51.8		51.8
Average amortization annual expense in year four	51.8		51.8
Average amortization annual expense in year five	$ 51.8		$ 51.8

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	Nov. 25, 2018	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020	Aug. 29, 2021	May 30, 2021	Aug. 30, 2020	May 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Period to hedge portion of anticipated consumption of commodity inputs (up to)				36 months
Gain recognized in other comprehensive income		$ 2.2	$ 1.1	$ (0.3)	$ 0.5
Deferred gain in AOCI upon settlement of contracts		8,756.9	$ 8,469.5	8,756.9	$ 8,469.5	$ 8,635.9	$ 8,631.4	$ 8,199	$ 7,950.7
Setoff amounts applied against total derivative assets		6		6			7.4
Setoff amounts applied against total derivative liabilities		3.2		3.2			5.4
Level 2
Derivative Instruments, Gain (Loss) [Line Items]
Maximum amount of loss due to credit risk of counterparties		3.2		3.2
Prepaid expenses and other current assets
Derivative Instruments, Gain (Loss) [Line Items]
Amount representing obligation to return cash		2.8		2.8			2
Cash flow hedge, Pinnacle
Derivative Instruments, Gain (Loss) [Line Items]
Gain recognized in other comprehensive income	$ 47.5
Commodity contracts | Purchase contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional value of contracts		90.4		90.4			148.8
Commodity contracts | Sales contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional value of contracts		100		100			159.4
Foreign currency forward contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional value of contracts		89.1		89.1			111.4
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Deferred gain in AOCI upon settlement of contracts		23.6		23.6			$ 24.3
Cash flow hedges | Cash flow hedge, Pinnacle
Derivative Instruments, Gain (Loss) [Line Items]
Deferred gain in AOCI upon settlement of contracts		$ 36.6		$ 36.6

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Assets and Liabilities and Amounts Representing Right to Reclaim or Obligation to Return Cash Collateral (Details) - USD ($) $ in Millions	Nov. 28, 2021	May 30, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Prepaid expenses and other current assets	$ 6.3	$ 15.5
Other accrued liabilities		$ 6.9

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Assets and Liabilities on a Gross Basis (Details) - Total derivatives not designated as hedging instruments - USD ($) $ in Millions	Nov. 28, 2021	May 30, 2021
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 12.3	$ 22.9
Derivative Liabilities	3.2	12.3
Commodity contracts | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative Assets	9.1	22.9
Commodity contracts | Other accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	3.2	5.4
Foreign exchange contracts | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 3.2
Foreign exchange contracts | Other accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities		$ 6.9

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Location and Amount of Gains (Losses) from Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020
Derivatives, Fair Value [Line Items]
Total gains (losses) from derivative instruments not designated as hedging instruments	$ 7	$ 0.1	$ 17.2	$ (3.9)
Commodity contracts | Cost of goods sold
Derivatives, Fair Value [Line Items]
Total gains (losses) from derivative instruments not designated as hedging instruments	4.6	2.4	8.8	3.6
Foreign exchange contracts | Cost of goods sold
Derivatives, Fair Value [Line Items]
Total gains (losses) from derivative instruments not designated as hedging instruments	$ 2.4	$ (2.3)	$ 8.4	$ (7.5)

SHARE-BASED PAYMENTS - Narrativ

SHARE-BASED PAYMENTS - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	$ 11.7	$ 14.6	$ 14.3	$ 32
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock granted, shares (in shares)			1
Weighted average grant date price (in dollars per share)			$ 34.33
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock granted, shares (in shares)			0.5
Weighted average grant date price (in dollars per share)			$ 34.13
Performance shares | Fiscal 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Performance shares | Fiscal 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Performance shares | Fiscal 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Performance shares | Minimum | Fiscal 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award payout (as a percent)			0.00%
Performance shares | Minimum | Fiscal 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award payout (as a percent)			0.00%
Performance shares | Minimum | Fiscal 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award payout (as a percent)			0.00%
Performance shares | Maximum | Fiscal 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award payout (as a percent)			200.00%
Performance shares | Maximum | Fiscal 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award payout (as a percent)			200.00%
Performance shares | Maximum | Fiscal 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award payout (as a percent)			200.00%

EARNINGS PER SHARE - Reconcilia

EARNINGS PER SHARE - Reconciliation of Income and Average Share Amounts Used to Compute Basic and Diluted Earnings Per Share (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Nov. 28, 2021	Aug. 29, 2021	Nov. 29, 2020	Aug. 30, 2020	Nov. 28, 2021	Nov. 29, 2020
Earnings Per Share [Abstract]
Net income attributable to Conagra Brands, Inc. common stockholders:	$ 275.5	$ 235.4	$ 378.9	$ 329	$ 510.9	$ 707.9
Weighted average shares outstanding:
Basic weighted average shares outstanding	480.2		489.1		480.3	488.6
Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities	1.7		1.8		1.8	1.7
Diluted weighted average shares outstanding	481.9		490.9		482.1	490.3

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options outstanding excluded from EPS calculation (in shares)	1,000,000	0	700,000	600,000

INVENTORIES - Schedule of Major

INVENTORIES - Schedule of Major Classes of Inventories (Details) - USD ($) $ in Millions	Nov. 28, 2021	May 30, 2021
Inventory Disclosure [Abstract]
Raw materials and packaging	$ 313.8	$ 284.1
Work in process	203	125.1
Finished goods	1,262.1	1,221.8
Supplies and other	79.8	78.7
Total	$ 1,858.7	$ 1,709.7

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020	May 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 84.2	$ 80.7	$ 153.9	$ 167.4
Effective tax rate	23.40%	17.60%	23.10%	19.10%
Effective tax rate from settlement of tax issues			$ 3.6
Effective tax rate from release of valuation allowance associated with the expected capital gains from the planned divestiture		$ 25.3
Effective tax rate on certain provisions of 2017 Tax Cuts and Jobs Act				$ 7.6
Gross unrecognized tax benefits for uncertain tax positions	$ 25.3		25.3		$ 33
Tax positions for which ultimate deductibility is highly certain but timing of such deductibility is uncertain	0.2		0.2		0.8
Related liabilities for gross interest and penalties	7.3		7.3		8.8
Net amount of unrecognized tax benefits that, if recognized, would favorably impact the effective tax rate	21		21		$ 28.2
Gross unrecognized tax benefits, estimated decrease over the next twelve months (up to)	$ 5.1		$ 5.1

CONTINGENCIES - Narrative (Deta

CONTINGENCIES - Narrative (Details)	Jul. 24, 2019USD ($)Installment	Jan. 27, 2014USD ($)defendant	Nov. 28, 2021USD ($)suitsiteperiod	May 31, 2020USD ($)	Sep. 04, 2018USD ($)
Guarantee Obligations [Line Items]
Threshold amount for environmental matters			$ 1,000,000
Proposed penalty for violation of air quality standards				$ 2,200,000
Lamb Weston
Guarantee Obligations [Line Items]
Number of optional extension periods | period			1
Period of optional extensions			5 years
Beatrice
Guarantee Obligations [Line Items]
Number of sites under environmental matters for which acquired company has a liability | site			40
Accrual for environmental matters			$ 54,500,000
Beatrice | Other accrued liabilities
Guarantee Obligations [Line Items]
Accrual for environmental matters			2,400,000
Beatrice | Other noncurrent liabilities
Guarantee Obligations [Line Items]
Accrual for environmental matters			52,100,000
Performance and payment guarantee for Lamb Weston
Guarantee Obligations [Line Items]
Guarantee under sublease agreement (maximum)			75,000,000
Performance and payment of all amounts under sublease agreement
Guarantee Obligations [Line Items]
Guarantee under sublease agreement (maximum)			$ 12,600,000
Remaining lease terms			5 years
Illinois
Guarantee Obligations [Line Items]
Remaining defendants in active suits | suit			1
California | Negrete v. ConAgra Foods Case
Guarantee Obligations [Line Items]
Settlement require to pay			$ 9,000,000
California | Beatrice
Guarantee Obligations [Line Items]
Number of other defendants | defendant		2
Estimate of possible loss		$ 1,150,000,000			$ 409,000,000
Total payments to be made under settlement	$ 101,700,000,000
Number of annual installments to be made | Installment	7
California | Beatrice | Maximum
Guarantee Obligations [Line Items]
Litigation settlement, amount of guarantee provided			15,000,000
California | Beatrice | Minimum | Other accrued liabilities
Guarantee Obligations [Line Items]
Amount accrued			11,200,000
California | Beatrice | Minimum | Other noncurrent liabilities
Guarantee Obligations [Line Items]
Amount accrued			$ 40,700,000

PENSION AND POSTRETIREMENT BE_3

PENSION AND POSTRETIREMENT BENEFITS - Components of Pension and Postretirement Plan Costs (Benefits) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total pension cost (benefit)	$ (10.7)	$ (7.3)	$ (21.2)	$ (15.1)
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Service cost	2	3.2	4.7	6.3
Interest cost	20.8	21.7	41.6	43.4
Expected return on plan assets	(36.3)	(35)	(72.7)	(70)
Amortization of prior service cost (benefit)	0.4	0.6	0.9	1.2
Total pension cost (benefit)	(13.1)	(9.5)	(25.5)	(19.1)
Postretirement Plans
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Service cost	0.1	0	0.1	0.1
Interest cost	0.4	0.4	0.7	0.7
Amortization of prior service cost (benefit)	(0.4)	(0.5)	(0.9)	(1)
Recognized net actuarial gain	(1)	(0.9)	(1.8)	(1.8)
Total pension cost (benefit)	(0.9)	(1)	(1.9)	(2)
Multi-employer plans
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total pension cost (benefit)	$ 2.4	$ 2.2	$ 4.3	$ 4

PENSION AND POSTRETIREMENT BE_4

PENSION AND POSTRETIREMENT BENEFITS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Nov. 28, 2021	Nov. 28, 2021	May 29, 2022
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Employer contributions to pension and other postretirement plans	$ 2	$ 4.9
Anticipated further contributions for the remainder of fiscal 2022	7.4	7.4
Pension Benefits | Scenario, Forecast
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Weighted average discount rate for service costs			3.50%
Weighted average discount rate for interest costs			2.29%
Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Employer contributions to pension and other postretirement plans	1.7	3.8
Anticipated further contributions for the remainder of fiscal 2022	$ 5.2	$ 5.2

STOCKHOLDERS' EQUITY - Reconcil

STOCKHOLDERS' EQUITY - Reconciliation of Stockholders' Equity Accounts (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Nov. 28, 2021	Aug. 29, 2021	Nov. 29, 2020	Aug. 30, 2020	Nov. 28, 2021	Nov. 29, 2020
Schedule Of Stockholders Equity Accounts [Line Items]
Balance at beginning of period	$ 8,635.9	$ 8,631.4	$ 8,199	$ 7,950.7	$ 8,631.4	$ 7,950.7
Accounting Standards Update [Extensible List]				us-gaap:AccountingStandardsUpdate201613Member
Stock option and incentive plans	11.9	(14.8)	15.4	$ 7.4
Currency translation adjustments	(17.7)	(15.7)	10.7	17.5
Repurchase of common shares		(50)
Derivative adjustments	1.4	(2.1)	(0.1)	(1.2)
Activities of noncontrolling interests	0.4	0.3	0.6	0.8
Pension and postretirement healthcare benefits	(0.6)	1.3	(0.6)	(0.3)
Dividends declared on common stock	(149.9)	(149.9)	(134.4)	(103.8)
Net income attributable to Conagra Brands, Inc.	275.5	235.4	378.9	329	510.9	707.9
Balance at ending of period	8,756.9	8,635.9	8,469.5	8,199	8,756.9	8,469.5
Cumulative Effect, Period of Adoption, Adjustment
Schedule Of Stockholders Equity Accounts [Line Items]
Balance at beginning of period				(1.1)		(1.1)
Common Stock
Schedule Of Stockholders Equity Accounts [Line Items]
Balance at beginning of period	$ 2,921.2	$ 2,921.2	$ 2,921.2	$ 2,921.2	$ 2,921.2	$ 2,921.2
Balance at beginning of period (in shares)	584.2	584.2	584.2	584.2	584.2	584.2
Balance at ending of period	$ 2,921.2	$ 2,921.2	$ 2,921.2	$ 2,921.2	$ 2,921.2	$ 2,921.2
Balance at end of period (in shares)	584.2	584.2	584.2	584.2	584.2	584.2
Additional Paid-in Capital
Schedule Of Stockholders Equity Accounts [Line Items]
Balance at beginning of period	$ 2,305	$ 2,342.1	$ 2,297.8	$ 2,323.2	$ 2,342.1	$ 2,323.2
Stock option and incentive plans	12.1	(37.1)	14.2	(25.4)
Balance at ending of period	2,317.1	2,305	2,312	2,297.8	2,317.1	2,312
Retained Earnings
Schedule Of Stockholders Equity Accounts [Line Items]
Balance at beginning of period	6,348.3	6,262.6	5,694.6	5,471.2	6,262.6	5,471.2
Stock option and incentive plans	(0.6)	0.2	(0.4)	(0.7)
Dividends declared on common stock	(149.9)	(149.9)	(134.4)	(103.8)
Net income attributable to Conagra Brands, Inc.	275.5	235.4	378.9	329
Balance at ending of period	6,473.3	6,348.3	5,938.7	5,694.6	6,473.3	5,938.7
Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment
Schedule Of Stockholders Equity Accounts [Line Items]
Balance at beginning of period				(1.1)		(1.1)
Accumulated Other Comprehensive Income (Loss)
Schedule Of Stockholders Equity Accounts [Line Items]
Balance at beginning of period	(9.4)	5.8	(95.8)	(109.6)	5.8	(109.6)
Currency translation adjustments	(16.2)	(14.4)	11.4	15.3
Derivative adjustments	1.4	(2.1)	(0.1)	(1.2)
Pension and postretirement healthcare benefits	(0.6)	1.3	(0.6)	(0.3)
Balance at ending of period	(24.8)	(9.4)	(85.1)	(95.8)	(24.8)	(85.1)
Treasury Stock
Schedule Of Stockholders Equity Accounts [Line Items]
Balance at beginning of period	(3,008.1)	(2,979.9)	(2,696.4)	(2,729.9)	(2,979.9)	(2,729.9)
Stock option and incentive plans	0.3	21.8	1.6	33.5
Repurchase of common shares		(50)
Balance at ending of period	(3,007.8)	(3,008.1)	(2,694.8)	(2,696.4)	(3,007.8)	(2,694.8)
Noncontrolling Interests
Schedule Of Stockholders Equity Accounts [Line Items]
Balance at beginning of period	78.9	79.6	77.6	74.6	79.6	74.6
Stock option and incentive plans	0.1	0.3
Currency translation adjustments	(1.5)	(1.3)	(0.7)	2.2
Activities of noncontrolling interests	0.4	0.3	0.6	0.8
Balance at ending of period	$ 77.9	$ 78.9	$ 77.5	$ 77.6	$ 77.9	$ 77.5

STOCKHOLDERS' EQUITY - Reconc_2

STOCKHOLDERS' EQUITY - Reconciliation of Stockholders' Equity Accounts (Parenthetical) (Details) - $ / shares	3 Months Ended
	Nov. 28, 2021	Aug. 29, 2021	Nov. 29, 2020	Aug. 30, 2020
Equity [Abstract]
Dividends declared on common stock (in dollars per share)	$ 0.3125	$ 0.3125	$ 0.275	$ 0.2125

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Nov. 28, 2021	May 30, 2021
Assets:
Derivative assets	$ 6.3	$ 15.5
Marketable securities	6.7	6.6
Deferred compensation assets	8.7	8.8
Available-for-sale debt securities	7.2
Total assets	28.9	30.9
Liabilities:
Derivative liabilities		6.9
Deferred compensation liabilities	86.4	81
Total liabilities	86.4	87.9
Level 1
Assets:
Derivative assets	3.1	13
Marketable securities	6.7	6.6
Deferred compensation assets	8.7	8.8
Available-for-sale debt securities	0
Total assets	18.5	28.4
Liabilities:
Derivative liabilities		0
Deferred compensation liabilities	86.4	81
Total liabilities	86.4	81
Level 2
Assets:
Derivative assets	3.2	2.5
Marketable securities	0	0
Deferred compensation assets	0	0
Available-for-sale debt securities	0
Total assets	3.2	2.5
Liabilities:
Derivative liabilities		6.9
Deferred compensation liabilities	0	0
Total liabilities	0	6.9
Level 3
Assets:
Derivative assets	0	0
Marketable securities	0	0
Deferred compensation assets	0	0
Available-for-sale debt securities	7.2
Total assets	7.2	0
Liabilities:
Derivative liabilities		0
Deferred compensation liabilities	0	0
Total liabilities	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Aug. 30, 2020	Nov. 28, 2021	Nov. 29, 2020	May 30, 2021
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Asset impairment charges			$ 41.6	$ 3.9
Carrying amount of long-term debt (including current installments)	$ 8,800		8,800		$ 8,300
Estimated fair value of debt	10,190		$ 10,190		$ 9,760
Grocery & Snacks
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Asset impairment charges	22.4	$ 3
Refrigerated & Frozen
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Asset impairment charges	12
Foodservice
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Asset impairment charges	$ 4.8

BUSINESS SEGMENTS AND RELATED_3

BUSINESS SEGMENTS AND RELATED INFORMATION - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Nov. 28, 2021USD ($)	Nov. 29, 2020USD ($)	Nov. 28, 2021USD ($)segment	Nov. 29, 2020USD ($)	May 30, 2021
Revenue, Major Customer [Line Items]
Number of reportable segments | segment			4
Cumulative net derivative gains from economic hedges recognized in general corporate expenses	$ 14.9		$ 14.9
Net gains incurred			14
Net gains incurred in prior fiscal years			0.9
Gains expected to be reclassified in fiscal 2022			10.7
Gains expected to be reclassified in fiscal 2023 and thereafter			4.2
Total depreciation expense	82.2	$ 82.8	163.8	$ 163.1
Net sales	$ 3,058.9	$ 2,995.2	$ 5,712.2	$ 5,674.1
Customer concentration risk | Wal-Mart Stores, Inc. and affiliates | Net sales
Revenue, Major Customer [Line Items]
Concentration risk (as a percent)	27.00%	25.00%	26.00%	25.00%
Customer concentration risk | Wal-Mart Stores, Inc. and affiliates | Net receivables
Revenue, Major Customer [Line Items]
Concentration risk (as a percent)			31.00%		31.00%
Customer concentration risk | Kroger Co. and affiliates | Net receivables
Revenue, Major Customer [Line Items]
Concentration risk (as a percent)			13.00%		11.00%
Non-US
Revenue, Major Customer [Line Items]
Net sales	$ 263.1	$ 252.6	$ 506.4	$ 477.3

BUSINESS SEGMENTS AND RELATED_4

BUSINESS SEGMENTS AND RELATED INFORMATION - Schedule of Segment Operations (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Nov. 28, 2021	Aug. 29, 2021	Nov. 29, 2020	Aug. 30, 2020	Nov. 28, 2021	Nov. 29, 2020
Net sales
Total net sales	$ 3,058.9		$ 2,995.2		$ 5,712.2	$ 5,674.1
Operating profit
Total operating profit	468.4		642.5		896.3	1,229.6
Equity method investment earnings	29.5		23		49.7	29.5
General corporate expense	59		111.3		123.6	188.5
Pension and postretirement non-service income	(16.1)		(13.7)		(32.2)	(27.5)
Interest expense, net	94.9		107.7		189.1	221.4
Income tax expense	84.2		80.7		153.9	167.4
Net income	275.9		379.5		511.6	709.3
Less: Net income attributable to noncontrolling interests	0.4		0.6		0.7	1.4
Net income attributable to Conagra Brands, Inc.	275.5	$ 235.4	378.9	$ 329	510.9	707.9
Frozen
Net sales
Total net sales	1,073.1		1,020.3		1,993.5	1,938.7
Other Shelf-stable
Net sales
Total net sales	724.6		791.9		1,366.2	1,505.8
Snacks
Net sales
Total net sales	539.9		491.2		973.4	908.3
Foodservice
Net sales
Total net sales	246.3		214.3		486.1	412.6
International
Net sales
Total net sales	262.2		249.8		498.8	468.8
Refrigerated
Net sales
Total net sales	212.8		227.7		394.2	439.9
Grocery & Snacks
Net sales
Total net sales	1,264.5		1,283.1		2,339.6	2,414.1
Operating profit
Total operating profit	249.2		316.1		465.1	599.2
Refrigerated & Frozen
Net sales
Total net sales	1,285.9		1,248		2,387.7	2,378.6
Operating profit
Total operating profit	168.3		264.3		325.9	504.4
International
Net sales
Total net sales	262.2		249.8		498.8	468.8
Operating profit
Total operating profit	37.1		39.5		71.2	78
Foodservice
Net sales
Total net sales	246.3		214.3		486.1	412.6
Operating profit
Total operating profit	$ 13.8		$ 22.6		$ 34.1	$ 48

BUSINESS SEGMENTS AND RELATED_5

BUSINESS SEGMENTS AND RELATED INFORMATION - Schedule of Net Derivative Gains (Losses) from Economic Hedges of Forecasted Commodity Consumption and Foreign Currency Risk (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 28, 2021	Nov. 29, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Gross derivative gains (losses) incurred			$ 14
Commodity Contracts and Foreign Currency Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gross derivative gains (losses) incurred	$ 7	$ 0.1	17.2	$ (3.9)
Commodity Contracts and Foreign Currency Contracts | Reporting segments
Derivative Instruments, Gain (Loss) [Line Items]
Gross derivative gains (losses) incurred	8.8	(3.2)	13.8	(4.7)
Commodity Contracts and Foreign Currency Contracts | Reporting segments | Grocery & Snacks
Derivative Instruments, Gain (Loss) [Line Items]
Gross derivative gains (losses) incurred	4.7	(2.6)	7.9	(4.4)
Commodity Contracts and Foreign Currency Contracts | Reporting segments | Net derivative gains (losses) allocated to Refrigerated & Frozen
Derivative Instruments, Gain (Loss) [Line Items]
Gross derivative gains (losses) incurred	4.6	(0.9)	9.3	(2)
Commodity Contracts and Foreign Currency Contracts | Reporting segments | Net derivative gains (losses) allocated to International
Derivative Instruments, Gain (Loss) [Line Items]
Gross derivative gains (losses) incurred	(0.7)	0.8	(3.9)	2.4
Commodity Contracts and Foreign Currency Contracts | Reporting segments | Net derivative gains (losses) allocated to Foodservice
Derivative Instruments, Gain (Loss) [Line Items]
Gross derivative gains (losses) incurred	0.2	(0.5)	0.5	(0.7)
Commodity Contracts and Foreign Currency Contracts | Corporate
Derivative Instruments, Gain (Loss) [Line Items]
Gross derivative gains (losses) incurred	$ (1.8)	$ 3.3	$ 3.4	$ 0.8