XML 86 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business Segments and Related Information (Tables)
6 Months Ended
Nov. 27, 2011
Business Segments and Related Information [Abstract]  
Segment operations

 

                                 
    Thirteen weeks ended     Twenty-six weeks ended  
    November 27,
2011
    November 28,
2010
    November 27,
2011
    November 28,
2010
 

Net sales

                               

Consumer Foods

  $ 2,178.2     $ 2,091.4     $ 4,069.9     $ 3,902.9  

Commercial Foods

    1,225.7       1,056.1       2,406.0       2,048.9  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total net sales

  $ 3,403.9     $ 3,147.5     $ 6,475.9     $ 5,951.8  
   

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

                               

Consumer Foods

  $ 256.3     $ 278.5     $ 452.5     $ 486.2  

Commercial Foods

    160.8       127.4       258.3       240.5  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating profit

  $ 417.1     $ 405.9     $ 710.8     $ 726.7  
   

 

 

   

 

 

   

 

 

   

 

 

 

Equity method investment earnings

                               

Consumer Foods

  $ 1.9     $ 1.3     $ 2.9     $ 2.4  

Commercial Foods

    9.6       3.3       14.8       8.4  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total equity method investment earnings

  $ 11.5     $ 4.6     $ 17.7     $ 10.8  
   

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit plus equity method investment earnings

                               

Consumer Foods

  $ 258.2     $ 279.8     $ 455.4     $ 488.6  

Commercial Foods

    170.4       130.7       273.1       248.9  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating profit plus equity method investment earnings

  $ 428.6     $ 410.5     $ 728.5     $ 737.5  
   

 

 

   

 

 

   

 

 

   

 

 

 

General corporate expenses

  $ 115.6     $ 74.2     $ 233.5     $ 153.7  

Interest expense, net

    50.6       33.7       103.5       71.0  

Income tax expense

    87.7       101.4       131.3       168.3  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations

  $ 174.7     $ 201.2     $ 260.2     $ 344.5  

Less: Net income attributable to noncontrolling interests

    2.9       0.9       3.2       0.8  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations attributable to ConAgra Foods, Inc.

  $ 171.8     $ 200.3     $ 257.0     $ 343.7  
   

 

 

   

 

 

   

 

 

   

 

 

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

 

                                 
    Thirteen weeks ended     Twenty-six weeks ended  
    November 27,
2011
    November 28,
2010
    November 27,
2011
    November 28,
2010
 

Net derivative gains (losses) incurred

  $ (20.2   $ 6.6     $ (32.6   $ (1.2

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

    7.0       (2.5     28.1       (4.5
   

 

 

   

 

 

   

 

 

   

 

 

 

Net derivative gains (losses) recognized in general corporate expenses

  $ (27.2   $ 9.1     $ (60.7   $ 3.3  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net derivative gains (losses) allocated to Consumer Foods

  $ 6.7     $ (1.9   $ 24.8     $ (3.7

Net derivative gains (losses) allocated to Commercial Foods

    0.3       (0.6     3.3       (0.8
   

 

 

   

 

 

   

 

 

   

 

 

 

Net derivative gains (losses) included in segment operating profit

  $ 7.0     $ (2.5   $ 28.1     $ (4.5