EX-12 3 cag-11x29x2015x10q2ex12.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 29, 2015
Earnings: |
Income from continuing operations before income taxes and equity method investment earnings | $ | 438.8 |
Add (deduct): |
Fixed charges | 198.4 |
Distributed income of equity method investees | 8.2 |
Capitalized interest | (3.6 | )
Earnings available for fixed charges (a) | $ | 641.8 |
Fixed charges: |
Interest expense | $ | 160.2 |
Capitalized interest | 3.6 |
One third of rental expense (1) | 34.6 |
Total fixed charges (b) | $ | 198.4 |
Ratio of earnings to fixed charges (a/b) | 3.2 |

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