Exhibit 12

ConAgra Foods, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

($ in millions)

	Thirteen Weeks Ended
	August 30, 2015
Earnings:
Income from continuing operations before income taxes and equity method investment earnings	$	215.1
Add (deduct):
Fixed charges	101.5
Distributed income of equity method investees	3.1
Capitalized interest	(2.0		)
Earnings available for fixed charges (a)	$	317.7
Fixed charges:
Interest expense	$	80.5
Capitalized interest	2.0
One third of rental expense (1)	19.0
Total fixed charges (b)	$	101.5
Ratio of earnings to fixed charges (a/b)	3.1

⁽¹⁾ Considered to be representative of interest factor in rental expense.