Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - CONAGRA BRANDS INC. | cag-5x28x2017x10kex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CONAGRA BRANDS INC. | cag-5x28x2017x10kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - CONAGRA BRANDS INC. | cag-5x28x2017x10kex311.htm |
| EX-24 - EXHIBIT 24 - CONAGRA BRANDS INC. | cag-5x28x2017x10kex24.htm |
| EX-23 - EXHIBIT 23 - CONAGRA BRANDS INC. | cag-5x28x2017x10kex23.htm |
| EX-21 - EXHIBIT 21 - CONAGRA BRANDS INC. | cag-5x28x2017x10kex21.htm |
| EX-10.32.1 - EXHIBIT 10.32.1 - CONAGRA BRANDS INC. | cag-5x28x2017x10kex10321.htm |
| EX-10.22 - EXHIBIT 10.22 - CONAGRA BRANDS INC. | cag-5x28x2017x10kex1022.htm |
| EX-10.12 - EXHIBIT 10.12 - CONAGRA BRANDS INC. | cag-5x28x2017x10kex1012.htm |
| EX-2.3.1 - EXHIBIT 2.3.1 - CONAGRA BRANDS INC. | cag-5x28x2017x10kex231.htm |
| 10-K - 10-K - CONAGRA BRANDS INC. | cag-2017x10k.htm |
Exhibit 12
Conagra Brands, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
($ in millions)
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income from continuing operations before income taxes and equity method investment earnings | $ | 729.5 | $ | 108.8 | $ | 584.6 | $ | 376.0 | $ | 491.8 | |||||||||
Add (deduct): | |||||||||||||||||||
Fixed charges | 225.7 | 328.4 | 361.7 | 420.4 | 308.3 | ||||||||||||||
Distributed income of equity method investees | 68.3 | 40.4 | 79.3 | 0.2 | 1.4 | ||||||||||||||
Capitalized interest | (5.0 | ) | (7.8 | ) | (6.6 | ) | (13.6 | ) | (5.5 | ) | |||||||||
Earnings available for fixed charges (a) | $ | 1,018.5 | $ | 469.8 | $ | 1,019.0 | $ | 783.0 | $ | 796.0 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 199.2 | $ | 297.0 | $ | 329.2 | $ | 380.8 | $ | 278.2 | |||||||||
Capitalized interest | 5.0 | 7.8 | 6.6 | 13.6 | 5.5 | ||||||||||||||
One third of rental expense (1) | 21.5 | 23.6 | 25.9 | 26.0 | 24.6 | ||||||||||||||
Total fixed charges (b) | $ | 225.7 | $ | 328.4 | $ | 361.7 | $ | 420.4 | $ | 308.3 | |||||||||
Ratio of earnings to fixed charges (a/b) | 4.5 | 1.4 | 2.8 | 1.9 | 2.6 | ||||||||||||||
(1) Considered to be representative of interest factor in rental expense.