Attached files

file filename
8-K - FORM 8-K - CONAGRA BRANDS INC.d568531d8k.htm
EX-99.1 - EX-99.1 - CONAGRA BRANDS INC.d568531dex991.htm
EX-99.2 - EX-99.2 - CONAGRA BRANDS INC.d568531dex992.htm

Exhibit 99.3

Unaudited Pro Forma Computation of Ratio of Earnings to Fixed Charges

(in millions, except ratio)

 

     Fifty-two
weeks ended
  May 26, 2013  
 

Earnings:

  

Income from continuing operations before income taxes and equity method investment earnings

   $ 1,275   

Add (deduct):

  

Fixed charges

     468   

Distributed income of equity method investees

     26   

Capitalized interest

     (6 )
  

 

 

 

Earnings available for fixed charges (a)

   $ 1,763   
  

 

 

 

Fixed charges:

  

Interest expense

   $ 403   

Capitalized interest

     6   

One third of rental expense (1)

     59   
  

 

 

 

Total fixed charges (b)

   $ 468   
  

 

 

 

Pro forma ratio of earnings to fixed charges (a/b)

     3.8   

 

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

 

1