Business Segments and Related Information (Tables)

12 Months Ended

May 29, 2011

Business Segments and Related Information [Abstract]

Segment operations

	2011			2010			2009
Net sales
Consumer Foods	$	8,002.0		$	7,939.7		$	7,903.4
Commercial Foods		4,301.1			4,075.2			4,445.2
Total Net Sales	$	12,303.1		$	12,014.9		$	12,348.6
Operating profit
Consumer Foods	$	1,144.3		$	1,109.6		$	945.7
Commercial Foods		504.6			538.6			542.2
Total operating profit	$	1,648.9		$	1,648.2		$	1,487.9
Equity method investment earnings
Consumer Foods	$	5.7		$	5.2		$	5.4
Commercial Foods		20.7			16.9			18.6
Total equity method investment earnings	$	26.4		$	22.1		$	24.0
Operating profit plus equity method investment earnings
Consumer Foods	$	1,150.0		$	1,114.8		$	951.1
Commercial Foods		525.3			555.5			560.8
Total operating profit plus equity method investment earnings	$	1,675.3		$	1,670.3		$	1,511.9
General corporate expenses	$	(246.5	)	$	(406.4	)	$	(393.6	)
Interest expense, net		(177.5	)		(160.4	)		(186.0	)
Income tax expense		(421.0	)		(360.9	)		(317.1	)
Income from continuing operations		830.3			742.6			615.2
Less: Income (loss) attributable to noncontrolling interests		1.8			(2.5	)		0.6
Income from continuing operations attributable to ConAgra Foods, Inc.	$	828.5		$	745.1		$	614.6
Identifiable assets
Consumer Foods	$	7,277.3		$	7,065.0		$	7,070.0
Commercial Foods		2,466.8			2,230.7			2,187.9
Corporate		1,664.6			2,135.0			1,438.9
Held for sale		—			307.3			376.5
Total	$	11,408.7		$	11,738.0		$	11,073.3
Additions to property, plant and equipment
Consumer Foods	$	208.7		$	277.4		$	260.6
Commercial Foods		187.0			158.6			109.1
Corporate		70.5			46.3			59.2
Total	$	466.2		$	482.3		$	428.9
Depreciation and amortization
Consumer Foods	$	180.3		$	148.6		$	130.2
Commercial Foods		87.6			78.4			73.7
Corporate		93.0			97.1			101.0
Total	$	360.9		$	324.1		$	304.9

Net sales by product type segment

	2011		2010		2009
Net sales
Consumer Foods:
Convenient Meals	$	2,795.1	$	2,754.8	$	2,694.3
Snacks		1,744.9		1,689.8		1,710.1
Meal Enhancers		1,047.0		1,083.8		1,004.6
Specialty Foods		1,700.8		1,751.9		1,865.3
Specialty International		714.2		659.4		629.1
Total Consumer Foods	$	8,002.0	$	7,939.7	$	7,903.4
Commercial Foods:
Specialty Potatoes	$	2,375.3	$	2,277.6	$	2,294.6
Milled Products		1,520.5		1,413.3		1,747.4
Seasonings, Blends, and Flavors		405.3		384.3		403.2
Total Commercial Foods	$	4,301.1	$	4,075.2	$	4,445.2
Total Net Sales	$	12,303.1	$	12,014.9	$	12,348.6

Allocation of net derivative gains (losses) from economic hedges of forecasted commodity consumption and foreign currency risk

	Fiscal Year Ended
	May 29,			May 30,
	2011			2010
Net derivative gains (losses) incurred	$	35.1		$	(16.9	)
Less: Net derivative gains (losses) allocated to reporting segments		0.6			(19.3	)
Net derivative gains recognized in general corporate expenses	$	34.5		$	2.4
Net derivative gains (losses) allocated to Consumer Foods	$	3.6		$	(14.3	)
Net derivative losses allocated to Commercial Foods		(3.0	)		(5.0	)
Net derivative gains (losses) included in segment operating profit	$	0.6		$	(19.3	)