EX-12 2 cag-2x22x2015x10q3ex12.htm EXHIBIT 12
Exhibit 12
ConAgra Foods, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
($ in millions)

| Thirty-nine weeks ended
February 22, 2015
Earnings: |
Loss from continuing operations before income taxes and equity method investment earnings | $ | (777.9 | )
Add (deduct): |
Fixed charges | 292.4 |
Distributed income of equity method investees | 35.8 |
Capitalized interest | (4.7 | )
Earnings available for fixed charges (a) | $ | (454.4 | )
Fixed charges: |
Interest expense | $ | 244.3 |
Capitalized interest | 4.7 |
One third of rental expense (1) | 43.4 |
Total fixed charges (b) | $ | 292.4 |
Ratio of earnings to fixed charges (a/b) (2) | - |

(1) Considered to be representative of interest factor in rental expense.
(2) The Company has incurred losses from operations, and as a result, our earnings are insufficient to cover our fixed charges by $746.8 million.