EX-12 5 cag-10q3ex12.htm EXHIBIT 12
Exhibit 12
Conagra Brands, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
($ in millions)

| Thirty-nine weeks ended
February 26, 2017
Earnings: |
Income from continuing operations before income taxes and equity method investment earnings | $ | 655.8 |
Add (deduct): |
Fixed charges | 180.6 |
Distributed income of equity method investees | 30.5 |
Capitalized interest | (3.8 | )
Earnings available for fixed charges (a) | $ | 863.1 |
Fixed charges: |
Interest expense | $ | 160.7 |
Capitalized interest | 3.8 |
One third of rental expense (1) | 16.1 |
Total fixed charges (b) | $ | 180.6 |
Ratio of earnings to fixed charges (a/b) | 4.8 |

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