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EARNINGS PER SHARE (Tables)
3 Months Ended
Aug. 26, 2012
Schedule of Reconciliation of Income and Average Share Amounts to Compute Basic and Diluted Earnings Per Share

The following table reconciles the income and average share amounts used to compute both basic and diluted earnings per share:

 

     Thirteen weeks ended  
     August 26,
2012
    August 28,
2011
 

Net income attributable to ConAgra Foods, Inc. common stockholders:

    

Income from continuing operations attributable to ConAgra Foods, Inc. common stockholders

   $ 250.1      $ 93.7   

Income from discontinued operations, net of tax, attributable to ConAgra Foods, Inc. common stockholders

     —          0.1   
  

 

 

   

 

 

 

Net income attributable to ConAgra Foods, Inc. common stockholders

     250.1        93.8   

Less: Increase in redemption value of noncontrolling interests in excess of earnings allocated

     (0.4     (0.3
  

 

 

   

 

 

 

Net income attributable to ConAgra Foods, Inc. common stockholders

   $ 249.7      $ 93.5   
  

 

 

   

 

 

 

Weighted average shares outstanding:

    

Basic weighted average shares outstanding

     407.1        412.7   

Add: Dilutive effect of stock options, restricted stock awards, and other dilutive securities

     4.9        5.4   
  

 

 

   

 

 

 

Diluted weighted average shares outstanding

     412.0        418.1