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BUSINESS SEGMENTS AND RELATED INFORMATION (Tables) | 12 Months Ended
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May 29, 2016
Segment Reporting [Abstract] |
Segment operations |
| 2016 |  | 2015 |  | 2014
Net sales |  |  |  |  |
Consumer Foods | $ | 7,225.1 |  |  | $ | 7,565.3 |  |  | $ | 7,596.3 |
Commercial Foods | 4,417.8 |  |  | 4,371.7 |  |  | 4,241.9 |
Total net sales | $ | 11,642.9 |  |  | $ | 11,937.0 |  |  | $ | 11,838.2 |
Operating profit |  |  |  |  |
Consumer Foods | $ | 1,087.6 |  |  | $ | 1,068.0 |  |  | $ | 900.5 |
Commercial Foods | 633.2 |  |  | 566.2 |  |  | 533.5 |
Total operating profit | $ | 1,720.8 |  |  | $ | 1,634.2 |  |  | $ | 1,434.0 |
Equity method investment earnings |  |  |  |  |
Consumer Foods | $ | 3.2 |  |  | $ | 3.0 |  |  | $ | 2.8 |
Commercial Foods | 134.6 |  |  | 119.1 |  |  | 29.7 |
Total equity method investment earnings | $ | 137.8 |  |  | $ | 122.1 |  |  | $ | 32.5 |
Operating profit plus equity method investment earnings |  |  |  |  |
Consumer Foods | $ | 1,090.8 |  |  | $ | 1,071.0 |  |  | $ | 903.3 |
Commercial Foods | 767.8 |  |  | 685.3 |  |  | 563.2 |
Total operating profit plus equity method investment earnings | $ | 1,858.6 |  |  | $ | 1,756.3 |  |  | $ | 1,466.5 |
General corporate expenses | $ | 839.4 |  |  | $ | 303.9 |  |  | $ | 285.5 |
Interest expense, net | 297.8 |  |  | 330.0 |  |  | 377.5 |
Income tax expense | 225.4 |  |  | 362.1 |  |  | 178.3 |
Income from continuing operations | $ | 496.0 |  |  | $ | 760.3 |  |  | $ | 625.2 |
Less: Net income attributable to noncontrolling interests | 11.1 |  |  | 11.8 |  |  | 12.0 |
Income from continuing operations attributable to ConAgra Foods, Inc. | $ | 484.9 |  |  | $ | 748.5 |  |  | $ | 613.2 |
Identifiable assets |  |  |  |  |
Consumer Foods | $ | 7,811.3 |  |  | $ | 7,792.7 |  |  | $ | 7,917.4 |
Commercial Foods | 3,770.9 |  |  | 3,678.1 |  |  | 2,954.3 |
Corporate | 1,465.6 |  |  | 632.2 |  |  | 591.2 |
Held for Sale | 342.8 |  |  | 5,334.8 |  |  | 7,778.6 |
Total identifiable assets | $ | 13,390.6 |  |  | $ | 17,437.8 |  |  | $ | 19,241.5 |
Additions to property, plant and equipment |  |  |  |  |
Consumer Foods | $ | 198.8 |  |  | $ | 133.7 |  |  | $ | 183.5 |
Commercial Foods | 151.1 |  |  | 117.4 |  |  | 205.6 |
Corporate | 79.9 |  |  | 100.1 |  |  | 72.0 |
Total additions to property, plant and equipment | $ | 429.8 |  |  | $ | 351.2 |  |  | $ | 461.1 |
Depreciation and amortization |  |  |  |  |
Consumer Foods | $ | 210.4 |  |  | $ | 209.0 |  |  | $ | 191.4 |
Commercial Foods | 102.5 |  |  | 105.3 |  |  | 98.8 |
Corporate | 61.0 |  |  | 66.1 |  |  | 64.4 |
Total depreciation and amortization | $ | 373.9 |  |  | $ | 380.4 |  |  | $ | 354.6 |
Net sales by product type segment | Net sales by product type within each segment were:
|  | 2016 |  | 2015 |  | 2014
Net sales |  |  |  |  |  |
Consumer Foods: |  |  |  |  |  |
Grocery |  | $ | 3,382.0 |  |  | $ | 3,503.7 |  |  | $ | 4,182.1 |
Frozen |  | 2,867.4 |  |  | 2,985.5 |  |  | 2,288.1 |
International |  | 874.8 |  |  | 970.8 |  |  | 1,010.7 |
Other Brands |  | 100.9 |  |  | 105.3 |  |  | 115.4 |
Total Consumer Foods |  | $ | 7,225.1 |  |  | $ | 7,565.3 |  |  | $ | 7,596.3 |
Commercial Foods: |  |  |  |  |  |
Specialty Potatoes |  | $ | 2,968.1 |  |  | $ | 2,892.4 |  |  | $ | 2,792.7 |
Foodservice |  | 1,449.7 |  |  | 1,479.3 |  |  | 1,449.2 |
Total Commercial Foods |  | $ | 4,417.8 |  |  | $ | 4,371.7 |  |  | $ | 4,241.9 |
Total net sales |  | $ | 11,642.9 |  |  | $ | 11,937.0 |  |  | $ | 11,838.2 |
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:
| 2016 |  | 2015 |  | 2014
Net derivative gains (losses) incurred | $ | (12.1 | ) |  | $ | (79.3 | ) |  | $ | 21.2 |
Less: Net derivative losses allocated to reporting segments | (30.2 | ) |  | (46.6 | ) |  | (1.6 | )
Net derivative gains (losses) recognized in general corporate expenses | $ | 18.1 |  |  | $ | (32.7 | ) |  | $ | 22.8 |
Net derivative losses allocated to Consumer Foods | $ | (21.1 | ) |  | $ | (41.9 | ) |  | $ | (5.9 | )
Net derivative gains (losses) allocated to Commercial Foods | (9.1 | ) |  | (4.7 | ) |  | 4.3 |
Net derivative losses included in segment operating profit | $ | (30.2 | ) |  | $ | (46.6 | ) |  | $ | (1.6 | )

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