Company: CAG
Filing Date: 2025-04-03
Form Type: 10-Q
Source: 0001558370-25-004399
Chunk: 16

Company: CONAGRA BRANDS INC.
Filing Date: 2025-04-03
Form: 10-Q
Item: Part I, Item 3
Chunk 16
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 outstanding commodity and foreign exchange contracts, assuming a hypothetical 10% fluctuation in commodity prices and foreign currency exchange rates, would have been (in millions):

​​​​​​​​​Fair Value ImpactIn Millions    February 23, 2025    February 25, 2024Energy commodities​$ 0.9​$ 2.6Agriculture commodities​​ 6.3​​ 6.0Foreign exchange​​ 8.0​​ 9.2

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It should be noted that any change in the fair value of our derivative contracts, real or hypothetical, would be significantly offset by an inverse change in the value of the underlying hedged items. In relation to foreign currency contracts, this hypothetical calculation assumes that each exchange rate would change in the same direction relative to the U.S. dollar.

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ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

The Company’s management carried out an evaluation, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures as defined in