BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)

12 Months Ended

May 25, 2014

Segment Reporting [Abstract]

Segment operations

	2014		2013		2012
Net sales
Consumer Foods	$	7,315.5	$	7,551.4	$	6,945.8
Commercial Foods	6,191.2		6,067.0		5,747.0
Private Brands	4,195.9		1,808.2		638.3
Total net sales	$	17,702.6	$	15,426.6	$	13,331.1

Operating profit (loss)
Consumer Foods	$	899.4		$	1,000.2	$	878.2
Commercial Foods	774.6			731.3		615.7
Private Brands	(375.0		)	123.1		95.2
Total operating profit	$	1,299.0		$	1,854.6	$	1,589.1
Equity method investment earnings
Consumer Foods	$	2.8		$	1.8	$	4.9
Commercial Foods	30.0			35.7		40.0
Total equity method investment earnings	$	32.8		$	37.5	$	44.9
Operating profit (loss) plus equity method investment earnings
Consumer Foods	$	902.2		$	1,002.0	$	883.1
Commercial Foods	804.6			767.0		655.7
Private Brands	(375.0		)	123.1		95.2
Total operating profit plus equity method investment earnings	$	1,331.8		$	1,892.1	$	1,634.0
General corporate expenses	$	343.6		$	429.0	$	770.4
Interest expense, net	379.0			275.6		204.0
Income tax expense	298.2			400.7		191.7
Income from continuing operations	$	311.0		$	786.8	$	467.9
Less: Net income attributable to noncontrolling interests	12.0			12.2		6.5
Income from continuing operations attributable to ConAgra Foods, Inc.	$	299.0		$	774.6	$	461.4
Identifiable assets
Consumer Foods	$	7,666.1		$	7,845.5	$	7,205.4
Commercial Foods	3,904.8			3,619.8		2,801.0
Private Brands	6,912.4			7,676.5		544.7
Corporate	872.2			1,054.6		794.8
Held for Sale	10.9			208.9		96.0
Total identifiable assets	$	19,366.4		$	20,405.3	$	11,441.9
Additions to property, plant and equipment
Consumer Foods	$	183.5		$	187.9	$	150.3
Commercial Foods	230.8			148.8		99.2
Private Brands	125.2			57.0		16.2
Corporate	62.9			60.0		70.0
Total additions to property, plant and equipment	$	602.4		$	453.7	$	335.7
Depreciation and amortization
Consumer Foods	$	201.0		$	183.1	$	172.1
Commercial Foods	115.0			106.9		96.7
Private Brands	205.2			79.9		18.5
Corporate	81.7			73.5		83.6
Total depreciation and amortization	$	602.9		$	443.4	$	370.9

Net sales by product type segment

Net sales by product type within each segment were:

	2014		2013		2012
Net sales
Consumer Foods:
Grocery	$	2,829.7	$	2,980.3	$	2,967.0
Frozen	2,241.9		2,295.5		1,929.8
Snacks	1,067.3		1,113.1		1,126.1
International	1,061.2		1,073.7		839.3
Other Brands	115.4		88.8		83.6
Total Consumer Foods	$	7,315.5	$	7,551.4	$	6,945.8
Commercial Foods:
Specialty Potatoes	$	2,792.7	$	2,753.1	$	2,631.0
Milled Products	1,859.0		1,957.3		1,910.2
Foodservice and Flavors	876.7		891.4		842.3
Frozen Bakery and Ingredient Distribution	662.8		465.2		363.5
Total Commercial Foods	$	6,191.2	$	6,067.0	$	5,747.0
Private Brands:
Snacks	$	1,373.0	$	542.0	$	91.4
Retail Bakery	772.5		234.6		—
Bars and Coordinated	679.5		535.2		513.5
Pasta	564.3		192.9		—
Cereal	497.1		191.6		33.4
Condiments	309.5		111.9		—
Total Private Brands	$	4,195.9	$	1,808.2	$	638.3
Total net sales	$	17,702.6	$	15,426.6	$	13,331.1

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:

	2014			2013			2012
Net derivative gains (losses) incurred	$	25.7		$	74.8		$	(66.8	)
Less: Net derivative gains (losses) allocated to reporting segments	(10.3		)	25.0			24.4
Net derivative gains (losses) recognized in general corporate expenses	$	36.0		$	49.8		$	(91.2	)
Net derivative gains (losses) allocated to Consumer Foods	$	(5.9	)	$	26.7		$	25.3
Net derivative gains (losses) allocated to Commercial Foods	6.4			(2.7		)	(0.5		)
Net derivative gains (losses) allocated to Private Brands	(10.8		)	1.0			(0.4		)
Net derivative gains (losses) included in segment operating profit	$	(10.3	)	$	25.0		$	24.4