XML 126 R51.htm IDEA: XBRL DOCUMENT v3.2.0.727
BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)
12 Months Ended
May. 31, 2015
Segment Reporting [Abstract]  
Segment operations
As a result, operating profit and general corporate expenses have been reclassified to reflect this change.

 
2015
 
2014
 
2013
Net sales
 
 
 
 
 
Consumer Foods
$
7,304.4

 
$
7,315.7

 
$
7,551.4

Commercial Foods
4,463.2

 
4,332.2

 
4,109.7

Private Brands
4,064.8

 
4,195.7

 
1,808.2

Total net sales
$
15,832.4

 
$
15,843.6

 
$
13,469.3

Operating profit (loss)
 
 
 
 
 
Consumer Foods
$
1,069.7

 
$
892.0

 
$
984.4

Commercial Foods
568.5

 
537.7

 
585.5

Private Brands
(1,456.7
)
 
(373.4
)
 
125.4

Total operating profit
$
181.5

 
$
1,056.3

 
$
1,695.3

Equity method investment earnings
 
 
 
 
 
Consumer Foods
$
3.0

 
$
2.8

 
$
1.8

Commercial Foods
119.1

 
29.7

 
35.7

Total equity method investment earnings
$
122.1

 
$
32.5

 
$
37.5

Operating profit (loss) plus equity method investment earnings
 
 
 
 
 
Consumer Foods
$
1,072.7

 
$
894.8

 
$
986.2

Commercial Foods
687.6

 
567.4

 
621.2

Private Brands
(1,456.7
)
 
(373.4
)
 
125.4

Total operating profit plus equity method investment earnings
$
303.6

 
$
1,088.8

 
$
1,732.8

General corporate expenses
$
345.1

 
$
315.6

 
$
396.3

Interest expense, net
331.9

 
379.4

 
276.2

Income tax expense
234.0

 
220.1

 
361.9

Income (loss) from continuing operations
$
(607.4
)
 
$
173.7

 
$
698.4

Less: Net income attributable to noncontrolling interests
11.8

 
12.0

 
12.2

Income (loss) from continuing operations attributable to ConAgra Foods, Inc.
$
(619.2
)
 
$
161.7

 
$
686.2

Identifiable assets
 
 
 
 
 
Consumer Foods
$
7,568.5

 
$
7,666.1

 
$
7,845.5

Commercial Foods
3,991.1

 
3,127.4

 
2,972.4

Private Brands
5,144.7

 
6,912.4

 
7,676.5

Corporate
837.9

 
783.0

 
956.7

Held for Sale

 
830.6

 
898.7

Total identifiable assets
$
17,542.2

 
$
19,319.5

 
$
20,349.8

Additions to property, plant and equipment
 
 
 
 
 
Consumer Foods
$
133.7

 
$
183.5

 
$
187.9

Commercial Foods
117.8

 
206.4

 
117.7

Private Brands
101.6

 
125.2

 
57.0

Corporate
118.8

 
77.2

 
60.0

Total additions to property, plant and equipment
$
471.9

 
$
592.3

 
$
422.6

Depreciation and amortization
 
 
 
 
 
Consumer Foods
$
200.9

 
$
182.2

 
$
183.1

Commercial Foods
113.5

 
100.1

 
84.4

Private Brands
202.1

 
214.8

 
79.9

Corporate
75.8

 
80.2

 
71.2

Total depreciation and amortization
$
592.3

 
$
577.3

 
$
418.6

Net sales by product type segment
Net sales by product type within each segment were:
 
 
2015
 
2014
 
2013
Net sales
 
 
 
 
 
 
Consumer Foods:
 
 
 
 
 
 
Grocery
 
$
3,911.1

 
$
3,897.0

 
$
4,093.4

Frozen
 
2,261.9

 
2,241.9

 
2,295.5

International
 
1,026.1

 
1,061.4

 
1,073.7

Other Brands
 
105.3

 
115.4

 
88.8

Total Consumer Foods
 
$
7,304.4

 
$
7,315.7

 
$
7,551.4

Commercial Foods:
 
 
 
 
 
 
Specialty Potatoes
 
$
2,892.4

 
$
2,792.7

 
$
2,753.1

Foodservice
 
1,570.8

 
1,539.5

 
1,356.6

Total Commercial Foods
 
$
4,463.2

 
$
4,332.2

 
$
4,109.7

Private Brands:
 
 
 
 
 
 
Snacks
 
$
1,340.3

 
$
1,373.2

 
$
542.0

Retail Bakery
 
719.4

 
772.5

 
234.6

Bars and Coordinated
 
724.9

 
679.5

 
535.2

Pasta
 
532.6

 
564.3

 
192.9

Cereal
 
475.2

 
496.7

 
191.6

Condiments
 
272.4

 
309.5

 
111.9

Total Private Brands
 
$
4,064.8

 
$
4,195.7

 
$
1,808.2

Total net sales
 
$
15,832.4

 
$
15,843.6

 
$
13,469.3

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:
 
2015
 
2014
 
2013
Net derivative gains (losses) incurred
$
(108.5
)
 
$
24.4

 
$
73.1

Less: Net derivative gains (losses) allocated to reporting segments
(58.3
)
 
(12.4
)
 
24.1

Net derivative gains (losses) recognized in general corporate expenses
$
(50.2
)
 
$
36.8

 
$
49.0

Net derivative gains (losses) allocated to Consumer Foods
$
(41.9
)
 
$
(5.9
)
 
$
26.7

Net derivative gains (losses) allocated to Commercial Foods
(4.7
)
 
4.3

 
(3.6
)
Net derivative gains (losses) allocated to Private Brands
(11.7
)
 
(10.8
)
 
1.0

Net derivative gains (losses) included in segment operating profit
$
(58.3
)
 
$
(12.4
)
 
$
24.1