Business Segments and Related Information (Tables)

12 Months Ended

May 27, 2012

Business Segments and Related Information [Abstract]

Segment operations

	2012			2011			2010
Net sales
Consumer Foods	$	8,376.8		$	8,002.0		$	7,939.7
Commercial Foods		4,885.8			4,301.1			4,075.2
Total net sales	$	13,262.6		$	12,303.1		$	12,014.9
Operating profit
Consumer Foods	$	1,053.3		$	1,126.4		$	1,061.8
Commercial Foods		546.3			509.5			543.3
Total operating profit	$	1,599.6		$	1,635.9		$	1,605.1
Equity method investment earnings
Consumer Foods	$	4.9		$	5.7		$	5.2
Commercial Foods		40.0			20.7			16.9
Total equity method investment earnings	$	44.9		$	26.4		$	22.1
Operating profit plus equity method investment earnings
Consumer Foods	$	1,058.2		$	1,132.1		$	1,067.0
Commercial Foods		586.3			530.2			560.2
Total operating profit plus equity method investment earnings	$	1,644.5		$	1,662.3		$	1,627.2
General corporate expenses	$	(770.4	)	$	(232.3	)	$	(544.2	)
Interest expense, net		(204.0	)		(177.5	)		(160.4	)
Income tax expense		(195.8	)		(421.6	)		(292.3	)
Income from continuing operations		474.3			830.9			630.3
Less: Income (loss) attributable to noncontrolling interests		6.5			1.8			(2.5	)
Income from continuing operations attributable to ConAgra Foods, Inc.	$	467.8		$	829.1		$	632.8

	2012		2011		2010
Identifiable assets
Consumer Foods	$	8,220.9	$	7,277.3	$	7,065.0
Commercial Foods		2,384.9		2,466.8		2,230.7
Corporate		836.1		1,664.6		2,135.0
Held for sale		—		—		307.3
Total	$	11,441.9	$	11,408.7	$	11,738.0
Additions to property, plant and equipment
Consumer Foods	$	169.3	$	208.7	$	277.4
Commercial Foods		97.4		187.0		158.6
Corporate		70.0		70.5		46.3
Total	$	336.7	$	466.2	$	482.3
Depreciation and amortization
Consumer Foods	$	193.6	$	180.3	$	148.6
Commercial Foods		94.6		87.6		78.4
Corporate		83.6		93.0		97.1
Total	$	371.8	$	360.9	$	324.1

Net sales by product type segment

	2012		2011		2010
Net sales
Consumer Foods:
Grocery	$	3,358.0	$	3,258.7	$	3,381.8
Frozen		1,990.6		1,965.2		1,846.7
Snacks		1,237.6		1,209.8		1,229.3
International		841.5		714.2		659.4
Store Brands		631.9		528.8		454.7
Other Brands		317.2		325.3		367.8
Total Consumer Foods	$	8,376.8	$	8,002.0	$	7,939.7
Commercial Foods:
Specialty Potatoes	$	2,631.0	$	2,375.3	$	2,277.6
Milled Products		1,804.9		1,520.5		1,413.3
Seasonings, Blends, and Flavors		449.9		405.3		384.3
Total Commercial Foods	$	4,885.8	$	4,301.1	$	4,075.2
Total net sales	$	13,262.6	$	12,303.1	$	12,014.9

Allocation of net derivative gains (losses) from economic hedges of forecasted commodity consumption and foreign currency risk

	Fiscal Year Ended
	May 27, 2012		May 29, 2011
Net derivative gains (losses) incurred	$	(66.8)	$	35.1
Less: Net derivative gains allocated to reporting segments		24.4		0.6
Net derivative gains (losses) recognized in general corporate expenses	$	(91.2)	$	34.5
Net derivative gains allocated to Consumer Foods	$	24.9	$	3.6
Net derivative losses allocated to Commercial Foods		(0.5)		(3.0)
Net derivative gains included in segment operating profit	$	24.4	$	0.6