XML 69 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)
3 Months Ended
Aug. 25, 2013
Segment Reporting [Abstract]  
Segment Operations
 
Thirteen Weeks Ended
 
August 25,
2013
 
August 26,
2012
Net sales
 
 
 
Consumer Foods
$
1,995.9

 
$
2,033.0

Commercial Foods
1,263.9

 
1,269.3

Ralcorp Food Group
703.4

 

Ralcorp Frozen Bakery Products
238.6

 

Total net sales
$
4,201.8

 
$
3,302.3

Operating profit
 
 
 
Consumer Foods
$
186.5

 
$
236.0

Commercial Foods
129.8

 
139.6

Ralcorp Food Group
61.0

 

Ralcorp Frozen Bakery Products
20.7

 

Total operating profit
$
398.0

 
$
375.6

Equity method investment earnings
 
 
 
Consumer Foods
$
0.4

 
$
0.1

Commercial Foods
3.7

 
7.5

Total equity method investment earnings
$
4.1

 
$
7.6

Operating profit plus equity method investment earnings
 
 
 
Consumer Foods
$
186.9

 
$
236.1

Commercial Foods
133.5

 
147.1

Ralcorp Food Group
61.0

 

Ralcorp Frozen Bakery Products
20.7

 

Total operating profit plus equity method investment earnings
$
402.1

 
$
383.2

General corporate expense (income)
$
126.5

 
$
(42.5
)
Interest expense, net
95.6

 
49.3

Income tax expense
33.9

 
123.8

Income from continuing operations
$
146.1

 
$
252.6

Less: Net income attributable to noncontrolling interests
2.9

 
2.1

Income from continuing operations attributable to ConAgra Foods, Inc.
$
143.2

 
$
250.5

Allocation 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
 
August 25,
2013
 
August 26,
2012
Net derivative gains (losses) incurred
$
(17.5
)
 
$
120.2

Less: Net derivative gains (losses) allocated to reporting segments
3.2

 
(10.0
)
Net derivative gains (losses) recognized in general corporate expenses
$
(20.7
)
 
$
130.2

Net derivative gains (losses) allocated to Consumer Foods
$
2.0

 
$
(3.9
)
Net derivative gains (losses) allocated to Commercial Foods
2.0

 
(6.1
)
Net derivative losses allocated to Ralcorp Food Group
(0.4
)
 

Net derivative losses allocated to Ralcorp Frozen Bakery Products
(0.4
)
 

Net derivative gains (losses) included in segment operating profit
$
3.2

 
$
(10.0
)