EX-12 2 cag-2x22x2015x10q3ex12.htm EXHIBIT 12 CAG-2-22-2015-10Q3 Ex12


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



 
Thirty-nine weeks ended
February 22, 2015
Earnings:
 
Loss from continuing operations before income taxes and equity method investment earnings
$
(777.9
)
Add (deduct):
 
Fixed charges
292.4

Distributed income of equity method investees
35.8

Capitalized interest
(4.7
)
Earnings available for fixed charges (a)
$
(454.4
)
 
 
Fixed charges:
 
Interest expense
$
244.3

Capitalized interest
4.7

One third of rental expense (1)
43.4

Total fixed charges (b)
$
292.4

 
 
Ratio of earnings to fixed charges (a/b) (2)
-


(1) Considered to be representative of interest factor in rental expense.
(2) The Company has incurred losses from operations, and as a result, our earnings are insufficient to cover our fixed charges by $746.8 million.