| STOCKHOLDERS' EQUITY |
15. STOCKHOLDERS’ EQUITY The following table presents a reconciliation of our stockholders’ equity accounts for the thirty-nine weeks ended February 22, 2026: | | | | | | | | | | | | | | | | | | | | | | | Conagra Brands, Inc. Stockholders' Equity | | | | | | | | | | | | | | | | | Accumulated | | | | | | | | | | | | | | Additional | | | | | Other | | | | | | | | | Common | | Common | | Paid-in | | Retained | | Comprehensive | | Treasury | | Total | | | Shares | | Stock | | Capital | | Earnings | | Income | | Stock | | Equity | Balance at May 25, 2025 | | 584.2 | | $ | 2,921.2 | | $ | 2,347.2 | | $ | 6,759.1 | | $ | 16.3 | | $ | (3,111.1) | | $ | 8,932.7 | Stock option and incentive plans | | | | | | | | (60.2) | | | | | | | | | 61.1 | | | 0.9 | Currency translation adjustments | | | | | | | | | | | | | | 1.1 | | | | | | 1.1 | Repurchase of common shares | | | | | | | | | | | | | | | | | (15.0) | | | (15.0) | Derivative adjustments | | | | | | | | | | | | | | (0.4) | | | | | | (0.4) | Pension and postretirement healthcare benefits | | | | | | | | | | | | | | (0.3) | | | | | | (0.3) | Dividends declared on common stock; $0.35 per share | | | | | | | | | | | (167.7) | | | | | | | | | (167.7) | Net income attributable to Conagra Brands, Inc. | | | | | | | | | | | 164.5 | | | | | | | | | 164.5 | Balance at August 24, 2025 | | 584.2 | | $ | 2,921.2 | | $ | 2,287.0 | | $ | 6,755.9 | | $ | 16.7 | | $ | (3,065.0) | | $ | 8,915.8 | Stock option and incentive plans | | | | | | | | 13.5 | | | (0.6) | | | | | | 0.6 | | | 13.5 | Currency translation adjustments | | | | | | | | | | | | | | (4.9) | | | | | | (4.9) | Repurchase of common shares | | | | | | | | | | | | | | | | | (0.3) | | | (0.3) | Derivative adjustments | | | | | | | | | | | | | | (1.6) | | | | | | (1.6) | Pension and postretirement healthcare benefits | | | | | | | | | | | | | | (0.7) | | | | | | (0.7) | Dividends declared on common stock; $0.35 per share | | | | | | | | | | | (167.4) | | | | | | | | | (167.4) | Net loss attributable to Conagra Brands, Inc. | | | | | | | | | | | (663.6) | | | | | | | | | (663.6) | Balance at November 23, 2025 | | 584.2 | | $ | 2,921.2 | | $ | 2,300.5 | | $ | 5,924.3 | | $ | 9.5 | | $ | (3,064.7) | | $ | 8,090.8 | Stock option and incentive plans | | | | | | | | 15.2 | | | (1.0) | | | | | | 2.2 | | | 16.4 | Currency translation adjustments | | | | | | | | | | | | | | 25.7 | | | | | | 25.7 | Derivative adjustments | | | | | | | | | | | | | | (0.4) | | | | | | (0.4) | Pension and postretirement healthcare benefits | | | | | | | | | | | | | | (0.7) | | | | | | (0.7) | Dividends declared on common stock; $0.35 per share | | | | | | | | | | | (167.5) | | | | | | | | | (167.5) | Net income attributable to Conagra Brands, Inc. | | | | | | | | | | | 199.8 | | | | | | | | | 199.8 | Balance at February 22, 2026 | | 584.2 | | $ | 2,921.2 | | $ | 2,315.7 | | $ | 5,955.6 | | $ | 34.1 | | $ | (3,062.5) | | $ | 8,164.1 |
The following table presents a reconciliation of our stockholders’ equity accounts for the thirty-nine weeks ended February 23, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | Conagra Brands, Inc. Stockholders' Equity | | | | | | | | | | | | | | | | | | | Accumulated | | | | | | | | | | | | | | | | Additional | | | | | Other | | | | | | | | | | | | Common | | Common | | Paid-in | | Retained | | Comprehensive | | Treasury | | Noncontrolling | | Total | | | Shares | | Stock | | Capital | | Earnings | | Loss | | Stock | | Interests | | Equity | Balance at May 26, 2024 | | 584.2 | | $ | 2,921.2 | | $ | 2,363.2 | | $ | 6,276.3 | | $ | (35.5) | | $ | (3,084.8) | | $ | 70.9 | | $ | 8,511.3 | Stock option and incentive plans | | | | | | | | (33.5) | | | (0.5) | | | | | | 34.8 | | | | | | 0.8 | Currency translation adjustments | | | | | | | | | | | | | | 22.5 | | | | | | 38.0 | | | 60.5 | Repurchase of common shares | | | | | | | | | | | | | | | | | (64.0) | | | | | | (64.0) | Derivative adjustments | | | | | | | | | | | | | | (3.3) | | | | | | | | | (3.3) | Activities of noncontrolling interests | | | | | | | | | | | | | | | | | | | | (108.9) | | | (108.9) | Pension and postretirement healthcare benefits | | | | | | | | | | | | | | 0.2 | | | | | | | | | 0.2 | Dividends declared on common stock; $0.35 per share | | | | | | | | | | | (167.8) | | | | | | | | | | | | (167.8) | Net income attributable to Conagra Brands, Inc. | | | | | | | | | | | 466.8 | | | | | | | | | | | | 466.8 | Balance at August 25, 2024 | | 584.2 | | $ | 2,921.2 | | $ | 2,329.7 | | $ | 6,574.8 | | $ | (16.1) | | $ | (3,114.0) | | $ | — | | $ | 8,695.6 | Stock option and incentive plans | | | | | | | | 7.8 | | | (0.3) | | | | | | 1.3 | | | | | | 8.8 | Currency translation adjustments | | | | | | | | | | | | | | (19.4) | | | | | | | | | (19.4) | Derivative adjustments | | | | | | | | | | | | | | (1.0) | | | | | | | | | (1.0) | Pension and postretirement healthcare benefits | | | | | | | | | | | | | | (0.8) | | | | | | | | | (0.8) | Dividends declared on common stock; $0.35 per share | | | | | | | | | | | (167.0) | | | | | | | | | | | | (167.0) | Net income attributable to Conagra Brands, Inc. | | | | | | | | | | | 284.5 | | | | | | | | | | | | 284.5 | Balance at November 24, 2024 | | 584.2 | | $ | 2,921.2 | | $ | 2,337.5 | | $ | 6,692.0 | | $ | (37.3) | | $ | (3,112.7) | | $ | — | | $ | 8,800.7 | Stock option and incentive plans | | | | | | | | 4.8 | | | (0.1) | | | | | | 1.3 | | | | | | 6.0 | Currency translation adjustments | | | | | | | | | | | | | | (4.4) | | | | | | | | | (4.4) | Derivative adjustments | | | | | | | | | | | | | | (0.3) | | | | | | | | | (0.3) | Pension and postretirement healthcare benefits | | | | | | | | | | | | | | (0.9) | | | | | | | | | (0.9) | Dividends declared on common stock; $0.35 per share | | | | | | | | | | | (167.1) | | | | | | | | | | | | (167.1) | Net income attributable to Conagra Brands, Inc. | | | | | | | | | | | 145.1 | | | | | | | | | | | | 145.1 | Balance at February 23, 2025 | | 584.2 | | $ | 2,921.2 | | $ | 2,342.3 | | $ | 6,669.9 | | $ | (42.9) | | $ | (3,111.4) | | $ | — | | $ | 8,779.1 |
The following table details the accumulated balances for each component of other comprehensive income, net of tax: | | | | | | | | | February 22, 2026 | | May 25, 2025 | Currency translation losses, net of reclassification adjustments | | $ | (43.9) | | $ | (65.8) | Derivative adjustments, net of reclassification adjustments | | | 19.6 | | | 22.0 | Pension and postretirement benefit obligations, net of reclassification adjustments | | | 58.4 | | | 60.1 | Accumulated other comprehensive income | | $ | 34.1 | | $ | 16.3 |
The following tables summarize the reclassifications from accumulated other comprehensive income into income (loss): | | | | | | | | | | | | | | | | | Affected Line Item in the Condensed Consolidated Statement of | | | Thirteen Weeks Ended | | Operations1 | | | February 22, 2026 | | February 23, 2025 | | | Net derivative adjustments: | | | | | | | | | Cash flow hedges | | $ | (0.5) | | $ | (0.7) | | Interest expense, net | Cash flow hedges | | | (0.5) | | | (0.9) | | Equity method investment earnings | | | | (1.0) | | | (1.6) | | Total before tax | | | | 0.2 | | | 0.4 | | Income tax expense | | | $ | (0.8) | | $ | (1.2) | | Net of tax | Pension and postretirement liabilities: | | | | | | | | | Net prior service cost (benefit) | | $ | — | | $ | (0.1) | | Pension and postretirement non-service income | Net actuarial gain | | | (0.9) | | | (1.1) | | Pension and postretirement non-service income | | | | (0.9) | | | (1.2) | | Total before tax | | | | 0.2 | | | 0.3 | | Income tax expense | | | $ | (0.7) | | $ | (0.9) | | Net of tax | | | | | | | | | |
| | | | | | | | | | | | | | | | | Affected Line Item in the Condensed Consolidated Statement of | | | Thirty-Nine Weeks Ended | | Operations1 | | | February 22, 2026 | | February 23, 2025 | | | Net derivative adjustments: | | | | | | | | | Cash flow hedges | | $ | (1.8) | | $ | (2.0) | | Interest expense, net | Cash flow hedges | | | (2.0) | | | (3.3) | | Equity method investment earnings | | | | (3.8) | | | (5.3) | | Total before tax | | | | 0.9 | | | 1.3 | | Income tax expense | | | $ | (2.9) | | $ | (4.0) | | Net of tax | Pension and postretirement liabilities: | | | | | | | | | Net prior service cost (benefit) | | $ | (0.1) | | $ | (0.1) | | Pension and postretirement non-service income | Net actuarial gain | | | (2.7) | | | (3.4) | | Pension and postretirement non-service income | | | | (2.8) | | | (3.5) | | Total before tax | | | | 0.7 | | | 0.9 | | Income tax expense | | | $ | (2.1) | | $ | (2.6) | | Net of tax | | | | | | | | | | Currency translation losses | | $ | — | | $ | 41.8 | | Selling, general and administrative expenses 2 | | | | — | | | 41.8 | | Total before tax | | | | — | | | — | | Income tax expense | | | $ | — | | $ | 41.8 | | Net of tax |
1 Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Operations. 2 Amount represents the reclassification for currency translation losses in connection with the sale of ATFL (see Note 3).
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