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EARNINGS PER SHARE (Tables)
6 Months Ended
Nov. 25, 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      Twenty-six weeks ended  
     November 25,
2012
     November 27,
2011
     November 25,
2012
     November 27,
2011
 

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

           

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

   $ 211.6       $ 180.2       $ 461.7       $ 273.9   

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

   $ 211.6       $ 180.2       $ 461.7       $ 274.0   

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

     0.4         0.7         0.8         1.0   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income available to ConAgra Foods, Inc. common stockholders

   $ 211.2       $ 179.5       $ 460.9       $ 273.0   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average shares outstanding:

           

Basic weighted average shares outstanding

     405.9         413.6         406.5         413.0   

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

     5.8         5.0         5.3         5.4   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding

     411.7         418.6         411.8         418.4