EX-12 2 cag-11x23x2014x10q2ex12.htm EXHIBIT 12
Exhibit 12
ConAgra Foods, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
($ in millions)

| Twenty-six weeks ended
November 23, 2014
Earnings: |
Income from continuing operations before income taxes and equity method investment earnings | $ | 204.7 |
Add (deduct): |
Fixed charges | 196.8 |
Distributed income of equity method investees | 7.2 |
Capitalized interest | (3.1 | )
Earnings available for fixed charges (a) | $ | 405.6 |
Fixed charges: |
Interest expense | $ | 163.8 |
Capitalized interest | 3.1 |
One third of rental expense (1) | 29.9 |
Total fixed charges (b) | $ | 196.8 |
Ratio of earnings to fixed charges (a/b) | 2.1 |

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