EX-12 4 cag-10q1ex12.htm EXHIBIT 12 Exhibit


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



 
Thirteen Weeks Ended
August 27, 2017
Earnings:
 
Income from continuing operations before income taxes and equity method investment earnings
$
243.6

Add (deduct):
 
Fixed charges
43.8

Distributed income of equity method investees
—

Capitalized interest
(1.2
)
Earnings available for fixed charges (a)
$
286.2

 
 
Fixed charges:
 
Interest expense
$
37.4

Capitalized interest
1.2

One third of rental expense (1)
5.2

Total fixed charges (b)
$
43.8

 
 
Ratio of earnings to fixed charges (a/b)
6.5


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