Attached files
| file | filename |
|---|---|
| 8-K - 8-K - CONAGRA BRANDS INC. | d459896d8k.htm |
| EX-99.2 - EX-99.2 - CONAGRA BRANDS INC. | d459896dex992.htm |
| EX-23.1 - EX-23.1 - CONAGRA BRANDS INC. | d459896dex231.htm |
| EX-99.1 - EX-99.1 - CONAGRA BRANDS INC. | d459896dex991.htm |
Exhibit 99.3
Unaudited Pro Forma Computation of Ratios of Earnings to Fixed Charges
(in millions, except ratios)
| Fifty-two weeks ended May 27, 2012 |
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| Earnings: |
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| Income from continuing operations before income taxes and equity method investment earnings |
$ | 717 | ||
| Add (deduct): |
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| Fixed charges |
468 | |||
| Distributed income of equity method investees |
27 | |||
| Capitalized interest |
(6 | ) | ||
|
|
|
|||
| Earnings available for fixed charges (a) |
$ | 1,206 | ||
|
|
|
|||
| Fixed charges: |
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| Interest expense |
$ | 411 | ||
| Capitalized interest |
6 | |||
| One third of rental expense (1) |
51 | |||
|
|
|
|||
| Total fixed charges (b) |
$ | 468 | ||
|
|
|
|||
| Pro forma ratio of earnings to fixed charges (a/b) |
2.6 | |||
| (1) | Considered to be representative of interest factor in rental expense. |
| Twenty-six weeks ended November 25, 2012 |
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| Earnings: |
||||
| Income from continuing operations before income taxes and equity method investment earnings |
$ | 676 | ||
| Add (deduct): |
||||
| Fixed charges |
229 | |||
| Distributed income of equity method investees |
15 | |||
| Capitalized interest |
(3 | ) | ||
|
|
|
|||
| Earnings available for fixed charges (a) |
$ | 917 | ||
|
|
|
|||
| Fixed charges: |
||||
| Interest expense |
$ | 199 | ||
| Capitalized interest |
3 | |||
| One third of rental expense (1) |
27 | |||
|
|
|
|||
| Total fixed charges (b) |
$ | 229 | ||
|
|
|
|||
| Pro forma ratio of earnings to fixed charges (a/b) |
4.0 | |||
| (1) | Considered to be representative of interest factor in rental expense. |
1