EX-12 2 cag-10q3ex12.htm EXHIBIT 12 Exhibit


Exhibit 12
Conagra Brands, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
($ in millions)



 
Thirty-nine weeks ended
February 25, 2018
Earnings:
 
Income from continuing operations before income taxes and equity method investment earnings
$
785.4

Add (deduct):
 
Fixed charges
135.8

Distributed income of equity method investees
26.4

Capitalized interest
(2.9
)
Earnings available for fixed charges (a)
$
944.7

 
 
Fixed charges:
 
Interest expense
$
117.0

Capitalized interest
2.9

One third of rental expense (1)
15.9

Total fixed charges (b)
$
135.8

 
 
Ratio of earnings to fixed charges (a/b)
7.0


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