Exhibit 12

Conagra Brands, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

($ in millions)

	Thirteen Weeks Ended
	August 26, 2018
Earnings:
Income from continuing operations before income taxes and equity method investment earnings	$	219.4
Add (deduct):
Fixed charges	55.6
Distributed income of equity method investees	13.2
Capitalized interest	(0.8		)
Earnings available for fixed charges (a)	$	287.4
Fixed charges:
Interest expense	$	49.6
Capitalized interest	0.8
One third of rental expense (1)	5.2
Total fixed charges (b)	$	55.6
Ratio of earnings to fixed charges (a/b)	5.2

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