Source document: conagra-brands-inc_2019

Question: Why is the amount of unfunded pension and postretirement benefit obligations not include in the table?
Facts: the unfunded obligations are remeasured each fiscal year, thereby resulting in our inability to accurately predict the ultimate amount and timing of any future required contributions to such plans
Answer: the unfunded obligations are remeasured each fiscal year, thereby resulting in our inability to accurately predict the ultimate amount and timing of any future required contributions to such plans

Question: How much does the company estimate to fund its pension and postretirement plans over the next twelve months, respectively?
Facts: $10.8 million; $14.2 million
Answer: $14.2 million; $10.8 million

Question: What is Lamb Weston?
Facts: a party to an agricultural sublease agreement with a third party for certain farmland through 2020
Answer: a party to an agricultural sublease agreement with a third party for certain farmland through 2020

Question: Which contractual obligation has the highest total value?
Facts: Long-term debt
Derivation: 10,556.6>1,483.5>312.6>165.4>1.0
Answer: Long-term debt

Question: What is the proportion of long-term debt payments due in 5 years or below? 
Facts: 10,556.6; 2,287.0; 2,747.6
Derivation: (2,747.6+2,287.0)/10,556.6 
Answer: 0.48

Question: What is the ratio (in percentage) of total notes payable to total capital lease obligations?
Facts: 1.0; 165.4
Derivation: 1.0/165.4 
Answer: 0.6 percent

Question: What were the sales contributed to Refrigerated & Frozen’s net sales through the acquisition of the Sandwich Bros. of Wisconsin business for the fiscal year 2019?
Facts: $25.7 million
Answer: $25.7 million

Question: What was the net sales of the International and Foodservice segment respectively?
Facts: 793.4; 934.2
Answer: 793.4; 934.2 million

Question: What was the total net sales in fiscal year 2018?
Facts: $7,938.3
Answer: $7,938.3 million

Question: What is the proportion (in percentage) of the sum of Grocery & Snacks and Refrigerated & Frozen’s net sales over total net sales in fiscal year 2018?
Facts: 2,753.0; 3,287.0; 7,938.3
Derivation: ($ 3,287.0+2,753.0)/$ 7,938.3 
Answer: 76.09 percent

Question: What is the percentage change in total net sales of International and Foodservice from fiscal year 2018 to 2019?
Facts: 1,054.8; 793.4; 843.5; 934.2
Derivation: ((793.4+934.2)-(843.5+1,054.8))/(843.5+1,054.8) 
Answer: -8.99 percent

Question: What is the change in total sales from fiscal 2018 to 2019?
Facts: 7,938.3; 9,538.4
Derivation:  $9,538.4 - $7,938.3 
Answer: 1600.1 million

Question: What drove the lower gross profit for Grocery & Snacks in the fiscal year 2019 compared to in the fiscal year 2018?
Facts: higher input costs, transportation inflation, and a reduction in profit associated with the divestiture of the Wesson ® oil business, partially offset by profit contribution of acquisitions and supply chain realized productivity
Answer: higher input costs, transportation inflation, and a reduction in profit associated with the divestiture of the Wesson ® oil business, partially offset by profit contribution of acquisitions and supply chain realized productivity

Question: How much was the sale of the Italian-based frozen pasta business, Gelit, related to the operating profit of the Refrigerated & Frozen segment in the fiscal year 2019?
Facts: $23.1 million
Answer: $23.1 million

Question: What was the operating profit  of Foodservice in the fiscal year 2018 and 2019 respectively?
Facts: 117.7; 121.8
Answer: 121.8; 117.7 million

Question: What is the proportion of the sale of Del Monte in International’s operating profit in the fiscal year 2019?
Facts: 13.2; 94.5
Derivation: 13.2/94.5 
Answer: 0.14

Question: What is the proportion of the operating profit in International and Pinnacle Foods over total operating profit in all segments in the fiscal year 2019?
Facts: 117.7; 238.2; 502.2; 689.2; 94.5
Derivation: (94.5+238.2)/($689.2+502.2+94.5+117.7+238.2) 
Answer: 0.2

Question: What is the percentage change in total operating profit of International and Foodservice from the fiscal year 2018 to 2019?
Facts: 117.7; 121.8; 86.5; 94.5
Derivation: ((94.5+117.7)-(86.5+121.8))/(86.5+121.8) 
Answer: 1.87 percent

Question: What are Level 1 assets valued based on?
Facts: quoted prices in active markets for identical securities
Answer: quoted prices in active markets for identical securities

Question: How much was the total pension plan assets (in millions) as of May 26, 2019?
Facts: $3,601.5
Answer: $3,601.5

Question: How much were the fair values of Level 1 and 2 cash and cash equivalents assets, respectively?
Facts: $0.7; $77.7
Answer: $0.7; $77.7 million

Question: What is the proportion of total fixed income securities over total pension plan assets?
Facts: 2,255.5; 3,601.5; 31.1; 748.3
Derivation: (748.3+2,255.5+31.1)/3,601.5 
Answer: 0.84

Question: What is the ratio of Level 1 assets to Level 2 assets?
Facts: 150.8; 3,204.8
Derivation: 150.8/3,204.8 
Answer: 0.05

Question: What is the ratio (in percentage) of the fair value of the customary redemption gates over total pension plan assets as of May 26, 2019?
Facts: 3,601.5; 4.2
Derivation: 4.2 / 3,601.5 
Answer: 0.12 percent

Question: What does comprehensive income comprise of?
Facts: net income, currency translation adjustments, certain derivative-related activity, changes in the value of available-for-sale investments (prior to the adoption of Accounting Standards Update ("ASU") 2016-01), 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
Answer: net income, currency translation adjustments, certain derivative-related activity, changes in the value of available-for-sale investments (prior to the adoption of Accounting Standards Update ("ASU") 2016-01), 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

Question: What does the table show us?
Facts: the accumulated balances for each component of other comprehensive income, net of tax
Answer: the accumulated balances for each component of other comprehensive income, net of tax

Question: What are the balances for derivative adjustments (net of reclassification adjustments, in millions) for 2017, 2018 and 2019, respectively?
Facts: (1.1); 1.0; 34.0
Answer: (1.1); 1.0; 34.0

Question: What is the percentage change of accumulated other comprehensive loss in 2018 compared to 2017?
Facts: 110.5; 212.9
Derivation: (-110.5-(-212.9))/(-212.9) 
Answer: -48.1 percent

Question: What are the proportion of currency translation losses and derivative adjustments over accumulated other comprehensive loss in 2017?
Facts: 1.1; 212.9; 98.6
Derivation: (-98.6+(-1.1))/(-212.9) 
Answer: 0.47

Question: What is the total balance of pension and post-employment benefit obligations from 2017 to 2019?
Facts: 112.9; 17.4; 53.4
Derivation: -112.9+(-17.4)+(-53.4) 
Answer: -183.7 million

Question: What were the total compensation expenses for performance share awards during fiscal 2017 and 2018, respectively?
Facts: $11.8 million; $13.3 million
Answer: $13.3 million; $11.8 million

Question: How much was the total unrecognized compensation expense related to performance shares?
Facts: $13.2 million
Answer: $13.2 million

Question: How many share units that are nonvested performance shares on May 27, 2018?
Facts: 1.00
Answer: 1.00 million

Question: What is the total price of performance shares that were granted or being adjusted for performance results attained and dividend equivalents?
Facts: 0.18; 0.45; 31.03; 35.96
Derivation: (0.45*35.96)+(0.18*31.03) 
Answer: 21.77 million

Question: What is the ratio of granted share units to forfeited share units?
Facts: 0.05; 0.45
Derivation: 0.45/0.05 
Answer: 9

Question: What is the ratio of the total price of nonvested performance shares to the total intrinsic value of vested performance shares during 2019? 
Facts: 1.15; 15.7; 34.89
Derivation: (1.15*34.89)/15.7 
Answer: 2.56

Question: What was the compensation expense for stock option awards during the fiscal year 2018?
Facts: $4.2 million
Answer: $4.2 million

Question: What was the weighted average fair value per share for stock options granted during 2017?
Facts: $6.12
Answer: $6.12

Question: How many options were exercisable as of May 26, 2019?
Facts: 4.1
Answer: 4.1 million

Question: What is the percentage change in the number of outstanding options from 2018 to 2019?
Facts: 4.4; 5.1
Derivation: (4.4-5.1)/5.1 
Answer: -13.73 percent

Question: What is the proportion of exercisable options over outstanding options as of May 26, 2019?
Facts: 4.1; 4.4
Derivation: 4.1 / 4.4 
Answer: 0.93

Question: What is the total price of exercised and expired options?
Facts: 0.1; 0.6; 20.75; 29.84
Derivation: (0.6*20.75)+(0.1*29.84) 
Answer: 15.43 million

Question: How much were the charges of the year-end write-off of actuarial losses during fiscal 2017, 2018, and 2019, respectively?
Facts: $1.2 million; $3.4 million; $5.1 million
Answer: $1.2 million; $3.4 million; $5.1 million

Question: What is the breakdown of $4.0 million expense during fiscal 2017 that was related to expected incurrence of certain multi-employer plan withdrawal costs?
Facts: $2.1 million was recorded in discontinued operations and $1.9 million was recorded in restructuring activities
Answer: $2.1 million was recorded in discontinued operations and $1.9 million was recorded in restructuring activities

Question: What is the net amount recognized  for pension benefit during the fiscal year 2018 and 2019, respectively?
Facts: $127.7; (65.3)
Answer: $127.7; (65.3) million

Question: What is the average amount of amendments for all benefits for fiscal 2018 and 2019?
Facts: 0.6; 0.8; 1.4; 17.2
Derivation: (-1.4+(-0.6)+0.8+17.2)/4 
Answer: 4 million

Question: What is the percentage change in the net amount recognized for other benefits from 2018 to 2019?
Facts: 20.7; 30.6
Derivation: (20.7-30.6)/30.6 
Answer: -32.35 percent

Question: What is the percentage change in amortization of prior service cost for pension benefits in 2019 compared to 2018?
Facts: 2.9; 3.1
Derivation: (3.1-2.9)/2.9 
Answer: 6.9 percent

Question: What did the Board of Directors approve in December 2018? 
Facts: a restructuring and integration plan related to the ongoing integration of the recently acquired operations of Pinnacle (the "Pinnacle Integration Restructuring Plan") for the purpose of achieving significant cost synergies between the companies
Answer: a restructuring and integration plan related to the ongoing integration of the recently acquired operations of Pinnacle (the "Pinnacle Integration Restructuring Plan") for the purpose of achieving significant cost synergies between the companies

Question: What are the expected expenditures for both operational and capital under the Pinnacle Integration Restructuring Plan respectively? 
Facts: $360.0 million; $85.0 million
Answer: $360.0 million; $85.0 million

Question: What are the consolidated total pre-tax expenses in International and Corporate segments, respectively? 
Facts: $1.0; $252.0
Answer: $1.0; $252.0 million

Question: Which segment has the highest total selling, general and administrative expenses?
Facts: Corporate
Derivation: 252.0>1.4>1.0
Answer: Corporate

Question: What is the ratio of consolidated total pre-tax expenses in Pinnacle Foods to the one in Corporate?
Facts: 252.0; 7.1
Derivation: 7.1/252.0
Answer: 0.03

Question: What is the proportion of total accelerated depreciation expense and total contract/lease termination expense over total consolidated pre-tax expenses in all segments?
Facts: 20.6; 260.1; 6.1
Derivation: (6.1+20.6)/260.1 
Answer: 0.1

Question: What did expenses in connection with the Spinoff primarily relate to in the fiscal year 2017?
Facts: professional fees and contract services associated with preparation of regulatory filings and separation activities
Answer: professional fees and contract services associated with preparation of regulatory filings and separation activities

Question: How many assets and liabilities concerning the Spinoff were transferred to Lamb Weston respectively?
Facts: $2.28 billion; $2.98 billion
Answer: $2.28 billion; $2.98 billion

Question: What was the net sales (in millions) in 2017?
Facts: $1,407.9
Answer: $1,407.9

Question: What is the net profit margin in 2017?
Facts: 1,407.9; 93.9
Derivation: 93.9/1,407.9 
Answer: 0.07

Question: What is the percentage change in net income (loss) from discontinued operations attributable to Conagra Brands, Inc. from 2017 to 2018?
Facts: 14.3; 93.9
Derivation: (14.3-93.9)/93.9 
Answer: -84.77 percent

Question: What is the proportion (in percentage) of income tax benefit due to adjustment of the estimated deductibility of professional fees and contract services over income tax benefit in 2018?
Facts: 14.5; 14.6
Derivation: 14.5/14.6 
Answer: 99.32 percent

Question: How does the company estimate potential losses in the fair value of current derivative positions?
Facts: perform simulations using historical data
Answer: perform simulations using historical data

Question: What does the company use in the calculation of VaR?
Facts: price and volatility information for the prior 90 days
Answer: price and volatility information for the prior 90 days

Question: What does the table provide for us?
Facts: an overview of our average daily VaR for our energy, agriculture, and foreign exchange positions for fiscal 2019 and 2018
Answer: an overview of our average daily VaR for our energy, agriculture, and foreign exchange positions for fiscal 2019 and 2018

Question: Which processing activity has the highest fair value impact during the fiscal year 2019?
Facts: Foreign Exchange
Derivation: 0.7>0.4>0.4>0.1
Answer: Foreign Exchange

Question: What is the percentage change in the average fair value impact of energy commodities from 2018 to 2019?
Facts: 0.2; 0.4
Derivation: (0.4-0.2)/0.2 
Answer: 100 percent

Question: What is the average fair value impact of all processing activities in the fiscal year 2018?
Facts: 0.2; 0.4; 0.7
Derivation: (0.2+0.4+0.7)/4 
Answer: 0.33 million

Question: When did the company complete the disposition of their Private Brands operations to TreeHouse Foods, Inc.? 
Facts: February 1, 2016
Answer: February 1, 2016

Question: What were the incomes before income taxes and equity method investment earnings in the fiscal years 2017 and 2018, respectively?
Facts: 0.4; 2.3
Answer: 2.3; 0.4 million

Question: What was the income tax expense (benefit), in millions, in the fiscal year 2018?
Facts: 0.5
Answer: 0.5

Question: What is the ratio of income  from discontinued operations (net of tax) to income for the performance of services (classified within SG&A expenses) during fiscal 2017?
Facts: 16.9; 2.6
Derivation: 2.6/16.9 
Answer: 0.15

Question: What is the percentage change in income from discontinued operations (net of tax) from 2017 to 2019?
Facts: 0.9; 2.6
Derivation: (0.9-2.6)/2.6 
Answer: -65.38 percent

Question: What is the proportion of income tax benefit over income from discontinued operations during the fiscal year 2017?
Facts: 0.3; 2.6
Derivation: 0.3/2.6 
Answer: 0.12

Question: What was the expense incurred by Grocery & Snacks related to acquisitions and divestitures in the fiscal year 2018?
Facts: $11.4 million
Answer: $11.4 million

Question: How much expense was incurred by Refrigerated & Frozen in the company’s restructuring plans in fiscal 2017 and 2018, respectively?
Facts: $0.1 million; $6.2 million
Answer: $6.2 million; $0.1 million

Question: What was the operating profit in the Foodservice segment in 2017 and 2018, respectively?
Facts: 105.1; 121.8
Answer: 105.1; 121.8 million

Question: What is the total operating profit of all segments in 2018?
Facts: 121.8; 479.4; 724.8; 86.5
Derivation: 724.8+479.4+86.5+121.8 
Answer: 1412.5 million

Question: What is the ratio of Grocery & Snacks’ operating profit to its expense in restructuring plans for the fiscal year 2018?
Facts: 14.1; 724.8
Derivation: 724.8/14.1 
Answer: 51.4

Question: What is the percentage change in total operating profit in 2018 compared to 2017?
Facts: 105.1; 121.8; 168.9; 202.6; 445.8; 479.4; 655.4; 724.8; 86.5
Derivation: ((724.8+479.4+86.5+121.8)-(655.4+445.8-168.9+105.1+202.6))/(655.4+445.8-168.9+105.1+202.6) 
Answer: 13.91 percent

Question: What was the value of equity that the company purchased during fiscal 2019?
Facts: $39.4 million
Answer: $39.4 million

Question: How much dividends that the company received from equity method investments in fiscal 2017, 2018, and 2019, respectively?
Facts: $55.0 million; $62.5 million; $68.2 million
Answer: $68.2 million; $62.5 million; $55.0 million

Question: What was the net sales from Ardent Mills in fiscal 2018?
Facts: $3,344.1
Answer: $3,344.1 million

Question: What is the ratio of dividends that the company received from equity method investments to total earning after income taxes in fiscal 2019?
Facts: 170.0; 55.0
Derivation: 55.0/170.0 
Answer: 0.32

Question: What is the average of Ardent Mills’ net sales from 2017 to 2019? 
Facts: 3,180.0; 3,344.1; 3,476.0
Derivation: (3,476.0+3,344.1+3,180.0)/3 
Answer: 3333.37 million

Question: What is Ardent Mills’ gross profit margin ratio for the fiscal year 2017?
Facts: 3,180.0; 340.3
Derivation: 340.3/3,180.0 
Answer: 0.11

Question: What does the table show us in the fiscal year 2019?
Facts: pre-tax expenses for the Pinnacle Integration Restructuring Plan
Answer: pre-tax expenses for the Pinnacle Integration Restructuring Plan

Question: How much were the non-cash charges included in the pre-tax expenses?
Facts: $4.7 million
Answer: $4.7 million

Question: What were the consolidated totals of International and Pinnacle Foods, respectively?
Facts: $1.0; $5.1
Answer: $1.0; $5.1 million

Question: What is the proportion of cash charges that have resulted or will result in cash outflows over total consolidated pre-tax expenses?
Facts: 163.5; 168.2
Derivation: 163.5/168.2 
Answer: 0.97

Question: What is the proportion of accelerated depreciation, contract/lease termination, and consulting/professional fees over the consolidated total in the Corporate segment?
Facts: 0.3; 162.1; 38.1; 4.7
Derivation: (4.7+0.3+38.1)/162.1 
Answer: 0.27

Question: What is the ratio of International’s consolidated total to Pinnacle Foods’ consolidated total?
Facts: 1.0; 5.1
Derivation: 1.0/5.1 
Answer: 0.2

Question: What is the required ratio of earnings before interest, taxes, depreciation, and amortization ("EBITDA") to interest expense by The Revolving Credit Facility and the Term Loan Agreement?
Facts: not to be less than 3.0 to 1.0
Answer: not to be less than 3.0 to 1.0

Question: What were the interests paid from continuing operations in the fiscal year 2017 and 2018, respectively?
Facts: $164.5 million; $223.7 million
Answer: $223.7 million; $164.5 million

Question: What were the net interest expenses of short-term debt in the fiscal year 2018 and 2019, respectively?
Facts: 15.0; 4.8
Answer: 4.8; 15.0 million

Question: What is the ratio of net interest expense of long-term debt to interest paid from continuing operations in 2019?
Facts: 375.6; 385.9
Derivation: 385.9/375.6 
Answer: 1.03

Question: Which year has the highest total net interest expense?
Facts: 2019
Derivation: 391.4>195.5>158.7
Answer: 2019

Question: What is the percentage change in net interest expense of long-term debt from 2018 to 2019?
Facts: 161.2; 385.9
Derivation: (385.9-161.2)/161.2 
Answer: 139.39 percent

Question: How much was the total compensation income for cash-settled stock appreciation rights during fiscal 2019?
Facts: $13.7 million
Answer: $13.7 million

Question: What is included in the liability of the replacement stock appreciation rights?
Facts: post-combination service expense, the mark-to-market of the liability, and the impact of payouts since acquisition
Answer: post-combination service expense, the mark-to-market of the liability, and the impact of payouts since acquisition

Question: What was the total intrinsic value of exercisable stock appreciation rights during fiscal 2019?
Facts: $0.6
Answer: $0.6 million

Question: What is the total price of exercised and expired stocks?
Facts: 0.1; 1.8; 24.79; 26.92
Derivation: (0.1*24.79)+(1.8*26.92) 
Answer: 50.94 million

Question: What is the ratio of granted stocks to exercisable stocks?
Facts: 0.4; 2.3
Derivation: 2.3/0.4 
Answer: 5.75

Question: What is the proportion of exercised and expired stocks over granted stocks?
Facts: 0.1; 1.8; 2.3
Derivation: (0.1+1.8)/2.3 
Answer: 0.83

Question: What is the use of derivatives?
Facts: manage commodity price risk
Answer: manage commodity price risk

Question: What does the table show us?
Facts: the net derivative gains (losses) from economic hedges of forecasted commodity consumption and the foreign currency risk of certain forecasted transactions
Answer: the net derivative gains (losses) from economic hedges of forecasted commodity consumption and the foreign currency risk of certain forecasted transactions

Question: What were the net derivative losses allocated to Foodservice in 2018 and 2019, respectively?
Facts: (0.1); (0.6)
Answer: (0.6); (0.1) million

Question: What is the percentage change in net derivative gains (losses) included in segment operating profit in 2019 compared to 2017?
Facts: 1.8; 5.7
Derivation: (-1.8-5.7)/5.7 
Answer: -131.58 percent

Question: What is the average net derivative gains (losses) allocated to Grocery & Snacks from 2017 to 2019?
Facts: 0.2; 2.1; 3.4
Derivation: (-2.1+0.2+3.4)/3 
Answer: 0.5 million

Question: What are the total net derivative losses allocated to Foodservice, Pinnacle Foods, as well as Commercial in 2019?
Facts: 0.6; 0.8
Derivation: (-0.6)+(-0.8) 
Answer: -1.4 million

Question: Who receives the grant awards of restricted stock units and cash-settled restricted stock units ("share units") according to stockholder-approved equity incentive plans?
Facts: employees and directors
Answer: employees and directors

Question: How much were the compensation expenses for the company’s stock-settled share unit awards for fiscal 2017, 2018, and 2019, respectively?
Facts: $18.2 million; $21.8 million; $23.9 million
Answer: $18.2 million; $21.8 million; $23.9 million

Question: How much were the total intrinsic values of stock-settled share units during fiscal 2017 and 2018, respectively?
Facts: $18.5 million; $27.0 million
Answer: $27.0 million; $18.5 million

Question: What is the ratio of the total price of stock-settled nonvested share units to the total intrinsic value of stock-settled share units vested during 2019?
Facts: 1.81; 24.6; 34.89
Derivation: (1.81*34.89)/24.6 
Answer: 2.57

Question: What is the total price of nonvested share units?
Facts: 0.97; 1.81; 34.89; 36.20
Derivation: (1.81*34.89)+(0.97*36.20) 
Answer: 98.26 million

Question: What is the average total price of granted share units for either stock-settled or cash-settled, during that year ?
Facts: 0.89; 1.95; 2; 35.43; 36.37
Derivation: ((0.89*35.43)+(1.95*36.37))/2 
Answer: 51.23 million

Question: What was the net sales  of Foodservice in the fiscal year 2018 and 2017, respectively?
Facts: 1,054.8; 1,078.3
Answer: 1,054.8; 1,078.3 million

Question: What drove the volume decrease in the International segment for the fiscal year 2018? 
Facts: strategic decisions to eliminate lower margin products and to reduce promotional intensity
Answer: strategic decisions to eliminate lower margin products and to reduce promotional intensity

Question: When did the Frontera acquisition occur?
Facts: September 2016
Answer: September 2016

Question: What is the proportion (in percentage) of sales from innovation in the Frontera brand over Refrigerated & Frozen’s net sales in the fiscal year 2018?
Facts: 2,753.0; 4.4
Derivation: 4.4/2,753.0 
Answer: 0.16 percent

Question: What is the proportion (in percentage) of sales from the Frontera acquisition and Thanasi acquisition over Grocery & Snacks’ net sales in the fiscal year 2018?
Facts: 3,287.0; 66.5; 8.6
Derivation: (8.6+66.5)/$3,287.0 
Answer: 2.28 percent

Question: What is the percentage change in total net sales of International and Refrigerated & Frozen from the fiscal year 2017 to 2018?
Facts: 2,652.7; 2,753.0; 816.0; 843.5
Derivation: ((843.5+2,753.0)-(816.0+2,652.7))/(816.0+2,652.7) 
Answer: 3.68 percent

Question: What are Level 2 assets primarily consist of?
Facts: individual fixed income securities where values are based on quoted prices of similar securities and observable market data
Answer: individual fixed income securities where values are based on quoted prices of similar securities and observable market data

Question: What are Level 3 assets consist of?
Facts: investments where active market pricing is not readily available and, as such, fair value is estimated using significant unobservable inputs
Answer: investments where active market pricing is not readily available and, as such, fair value is estimated using significant unobservable inputs

Question: What are the fair values of Level 2 government bonds and corporate bonds, respectively?
Facts: 1,854.8; 4.7
Answer: 1,854.8; 4.7 million

Question: What is the proportion of equity securities over the total fair value measurement of pension plan assets of Level 1 assets?
Facts: 256.5; 319.8; 596.3
Derivation: (319.8+256.5)/596.3 
Answer: 0.97

Question: Which fixed income securities have the highest fair value?
Facts: Government bonds
Derivation: 1,854.8>9.3>4.7
Answer: Government bonds

Question: What is the proportion (in percentage) of real estate funds and master limited partnerships over the total pension plan assets?
Facts: 0.4; 3,355.1; 7.7
Derivation: (7.7+0.4)/3,355.1 
Answer: 0.24 percent

Question: How is diluted earnings per share computed?
Facts: 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
Answer: 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

Question: What was the net income available to Conagra Brands, Inc. common stakeholders in fiscal 2017, 2018, and 2019, respectively?
Facts: $638.5; $678.3; $808.4
Answer: $638.5; $808.4; $678.3 million

Question: How much was the basic weighted average shares (in million) outstanding in 2018?
Facts: 403.9
Answer: 403.9

Question: What is the percentage change in diluted weighted average shares outstanding from 2018 to 2019?
Facts: 407.4; 445.6
Derivation: (445.6-407.4)/407.4 
Answer: 9.38 percent

Question: What is the ratio of net income available to Conagra Brands, Inc. common stakeholders to diluted weighted average shares outstanding in 2017?
Facts: 436.0; 638.5
Derivation: 638.5/436.0 
Answer: 1.46

Question: What is the proportion of basic weighted average shares outstanding over diluted weighted average shares outstanding in 2018?
Facts: 403.9; 407.4
Derivation: 403.9/407.4 
Answer: 0.99