v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
May 31, 2026
May 25, 2025
May 26, 2024
Cash flows from operating activities:      
Net income (loss) $ (1,916.2) $ 1,152.5 $ 347.7
Adjustments to reconcile income (loss) to net cash flows from operating activities:      
Depreciation and amortization 396.0 390.2 400.9
Asset impairment charges 2,950.9 149.8 999.1
Loss (gain) on divestitures (42.2) 29.5 36.4
Equity method investment earnings less than (in excess of) distributions 0.4 (22.1) 74.0
Stock-settled share-based payments expense 54.7 41.5 30.8
Contributions to pension plans (11.4) (11.9) (12.2)
Pension benefit (37.4) (19.6) (0.6)
Other items (5.3) 4.8 16.4
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:      
Receivables 35.0 173.8 77.2
Inventories 144.9 (35.6) 131.9
Deferred income taxes and income taxes payable, net (81.5) (224.0) (81.1)
Prepaid expenses and other current assets (13.2) (0.9) (2.2)
Accounts and other payables (56.0) 49.6 (22.7)
Accrued payroll 58.4 (45.9) 29.7
Other accrued liabilities 1.6 (0.9) (20.0)
Litigation receivables, net of recoveries 80.2 (67.1) (14.7)
Litigation accruals, net of payments (156.8) 128.2 25.0
Net cash flows from operating activities 1,402.1 1,691.9 2,015.6
Cash flows from investing activities:      
Additions to property, plant and equipment (423.4) (389.3) (388.1)
Sale of property, plant and equipment 38.9 3.4 0.8
Purchase of marketable securities     (10.3)
Sales of marketable securities     10.3
Purchase of businesses, net of cash acquired   (230.6)  
Proceeds from divestitures, net of cash divested 648.9 76.8  
Proceeds from insurance recoveries     11.9
Other items (1.8) (2.5) 0.4
Net cash flows from investing activities 262.6 (542.2) (375.0)
Cash flows from financing activities:      
Issuance of short-term borrowings, maturities greater than 90 days 116.4 338.0 466.6
Repayment of short-term borrowings, maturities greater than 90 days (628.1) (135.3) (185.9)
Net repayment of other short-term borrowings, maturities less than or equal to 90 days (258.8) (328.3) 9.9
Issuance of long-term debt 1,000.0   500.0
Repayment of long-term debt (1,031.4) (281.3) (1,772.6)
Debt issuance costs (11.7)   (3.3)
Repurchase of Conagra Brands, Inc. common shares (15.3) (64.0)  
Cash dividends paid (669.7) (669.2) (659.3)
Exercise of stock options and issuance of other stock awards, including tax withholdings (19.8) (20.6) (13.8)
Other items 2.3 2.4 1.7
Net cash flows from financing activities (1,516.1) (1,158.3) (1,656.7)
Effect of exchange rate changes on cash and cash equivalents 1.4 (2.4) 1.2
Net change in cash and cash equivalents, including cash balances classified as assets held for sale 150.0 (11.0) (14.9)
Less: Net change in cash balances classified as assets held for sale   (1.3) 0.7
Net change in cash and cash equivalents 150.0 (9.7) (15.6)
Cash and cash equivalents at beginning of year 68.0 77.7 93.3
Cash and cash equivalents at end of year $ 218.0 $ 68.0 $ 77.7