EX-12 3 cag10q1ex12.htm EXHIBIT 12 Exhibit


Exhibit 12
ConAgra Foods, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
($ in millions)



 
Thirteen Weeks Ended
August 28, 2016
Earnings:
 
Income from continuing operations before income taxes and equity method investment earnings
$
383.6

Add (deduct):
 
Fixed charges
76.4

Distributed income of equity method investees
14.6

Capitalized interest
(2.2
)
Earnings available for fixed charges (a)
$
472.4

 
 
Fixed charges:
 
Interest expense
$
59.8

Capitalized interest
2.2

One third of rental expense (1)
14.4

Total fixed charges (b)
$
76.4

 
 
Ratio of earnings to fixed charges (a/b)
6.2


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