BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)

3 Months Ended

Aug. 26, 2012

Segment Operations

	Thirteen weeks ended
	August 26, 2012			August 28, 2011
Net sales
Consumer Foods	$	2,042.6		$	1,891.7
Commercial Foods		1,269.3			1,213.6
Total net sales	$	3,311.9		$	3,105.3
Operating profit
Consumer Foods	$	235.3		$	196.2
Commercial Foods		139.6			97.5
Total operating profit	$	374.9		$	293.7
Equity method investment earnings
Consumer Foods	$	0.1		$	1.0
Commercial Foods		7.5			5.2
Total equity method investment earnings	$	7.6		$	6.2
Operating profit plus equity method investment earnings
Consumer Foods	$	235.4		$	197.2
Commercial Foods		147.1			102.7
Total operating profit plus equity method investment earnings	$	382.5		$	299.9
General corporate expenses	$	(42.5	)	$	104.3
Interest expense, net		49.3			52.9
Income tax expense		123.5			48.7
Income from continuing operations		252.2			94.0
Less: Net income attributable to noncontrolling interests		2.1			0.3
Income from continuing operations attributable to ConAgra Foods, Inc.	$	250.1		$	93.7

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 26, 2012			August 28, 2011
Net derivative gains (losses) incurred	$	120.2		$	(12.3	)
Less: Net derivative gains (losses) allocated to reporting segments		(10.0	)		21.2
Net derivative gains (losses) recognized in general corporate expenses	$	130.2		$	(33.5	)
Net derivative gains (losses) allocated to Consumer Foods	$	(3.9	)	$	18.3
Net derivative gains (losses) allocated to Commercial Foods		(6.1	)		2.9
Net derivative gains (losses) included in segment operating profit	$	(10.0	)	$	21.2