TYSON FOODS, INC., 10-Q filed on 2/2/2026
Quarterly Report
v3.25.4
Document and Entity Information
3 Months Ended
Dec. 27, 2025
$ / shares
shares
Document Type 10-Q
Document Quarterly Report true
Document Period End Date Dec. 27, 2025
Document Transition Report false
Entity File Number 001-14704
Entity Registrant Name TYSON FOODS, INC.
Entity Tax Identification Number 71-0225165
Entity Addresses [Line Items] 2200 West Don Tyson Parkway,
Entity Address, City or Town Springdale,
Entity Address, State or Province AR
Entity Address, Postal Zip Code 72762-6999
City Area Code (479)
Local Phone Number 290-4000
Entity Listing, Description Class A Common Stock
Entity Listing, Par Value Per Share | $ / shares $ 0.10
Trading Symbol TSN
Security Exchange Name NYSE
Entity Current Reporting Status Yes
Entity Current Interactive Data Filing Status Yes
Entity Filer Category Large Accelerated Filer
Entity Small Business false
Entity Emerging Growth Company false
Entity Shell Company false
Entity Central Index Key 0000100493
Current Fiscal Year End Date --10-03
Document Fiscal Year Focus 2026
Document Fiscal Period Focus Q1
Amendment Flag false
Entity Incorporation, State or Country Code DE
Class A [Member]  
Entity Common Stock, Shares Outstanding 282,069,961
Class B [Member]  
Entity Common Stock, Shares Outstanding 70,009,005
v3.25.4
Consolidated Condensed Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Revenues $ 14,313 $ 13,623
Cost of Sales 13,505 12,528
Gross Profit 808 1,095
Operating Expenses:    
Selling, General and Administrative 506 515
Operating Income 302 580
Other (Income) Expense:    
Interest income (13) (25)
Interest Expense, Nonoperating 104 120
Other, net 84 7
Total Other (Income) Expense 175 102
Income before Income Taxes 127 478
Income Tax Expense 37 112
Net Income 90 366
Less: Net Income Attributable to Noncontrolling Interests 5 7
Net Income Attributable to Tyson $ 85 $ 359
Weighted Average Shares Outstanding:    
Diluted, Shares 354 357
Net Income Per Share Attributable to Tyson:    
Diluted (USD per share) $ 0.24 $ 1.01
Class A [Member]    
Weighted Average Shares Outstanding:    
Basic, Shares 282 285
Net Income Per Share Attributable to Tyson:    
Basic (USD per share) $ 0.25 $ 1.03
Class B [Member]    
Weighted Average Shares Outstanding:    
Basic, Shares 70 70
Net Income Per Share Attributable to Tyson:    
Basic (USD per share) $ 0.22 $ 0.93
v3.25.4
Consolidated Condensed Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Other Comprehensive Income (Loss), Net of Taxes:    
Derivatives accounted for as cash flow hedges $ 21 $ 3
Investments 0 (2)
Currency translation 32 (105)
Total Other Comprehensive Income (Loss), Net of Taxes 53 (104)
Net Income 90 366
Comprehensive Income 143 262
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interests 10 0
Comprehensive Income Attributable to Tyson $ 133 $ 262
v3.25.4
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Dec. 27, 2025
Sep. 27, 2025
Assets    
Cash and cash equivalents $ 1,278 $ 1,229
Accounts receivable, net 2,429 2,524
Inventories 5,406 5,681
Other current assets 399 482
Total Current Assets 9,512 9,916
Net Property, Plant and Equipment 9,064 9,204
Goodwill 9,474 9,469
Intangible Assets, net 5,577 5,624
Other Assets 2,392 2,445
Total Assets 36,019 36,658
Liabilities and Shareholders' Equity    
Current debt 909 909
Accounts payable 2,723 2,601
Other current liabilities 2,571 2,879
Total Current Liabilities 6,203 6,389
Long-Term Debt 7,453 7,921
Deferred Income Taxes 2,205 2,195
Other Liabilities 1,995 1,926
Shareholders' Equity:    
Capital in excess of par value 4,693 4,686
Retained earnings 18,553 18,647
Accumulated other comprehensive income (loss) (143) (191)
Treasury stock, at cost – 95 million shares at December 27, 2025 and September 27, 2025 (5,125) (5,102)
Total Tyson Shareholders’ Equity 18,023 18,085
Noncontrolling Interests 140 142
Total Shareholders’ Equity 18,163 18,227
Total Liabilities and Shareholders’ Equity 36,019 36,658
Class A [Member]    
Shareholders' Equity:    
Common stock ($0.10 par value): 38 38
Class B [Member]    
Shareholders' Equity:    
Common stock ($0.10 par value): $ 7 $ 7
v3.25.4
Consolidated Condensed Balance Sheets (Parentheticals) - USD ($)
shares in Millions, $ in Millions
Dec. 27, 2025
Sep. 27, 2025
Treasury Stock, Common, Shares 92 92
Restricted Cash $ 0  
Class A [Member]    
Common stock, par value $ 0.10 $ 0.10
Common stock, shares authorized 900 900
Common stock, shares issued 378 378
Class B [Member]    
Common stock, par value $ 0.10 $ 0.10
Common stock, shares authorized 900 900
Common stock, shares issued 70 70
v3.25.4
Consolidated Condensed Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Capital in Excess of Par Value:
Retained Earnings:
Accumulated Other Comprehensive Income (Loss), Net of Tax:
Treasury Stock, Common
Total Shareholders’ Equity Attributable to Tyson
Equity Attributable to Noncontrolling Interests:
Class B [Member]
Class A [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares         92.0        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest             $ 124    
Common Stock, Value, Issued               $ 7 $ 38
Balance at beginning of quarter, Common Stock Shares at Sep. 28, 2024               70.0 378.0
Balance at beginning of quarter, Shareholders' Equity Attributable to Tyson at Sep. 28, 2024   $ 4,597 $ 18,873 $ (184) $ (4,941)        
Balance at beginning of quarter, Treasury Stock shares at Sep. 28, 2024         92.0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation and other   13     $ 31        
Net income attributable to Tyson $ 359   359            
Dividends     (178)         $ (32) $ (146)
Total Other Comprehensive Income (Loss), Net of Taxes (104)                
Purchase of Class A common stock, shares         0.0       0.3
Payments for Repurchase of Common Stock         $ (15)       $ (15)
Stock-based compensation, shares         (1.0)        
Net income attributable to noncontrolling interests 7           (7)    
Noncontrolling Interest, Increase/(Decrease) from Currency Translation and Other             (7)    
Balance at end of quarter, Common Stock Shares at Dec. 28, 2024               70.0 378.0
Balance at end of quarter, Shareholders' Equity Attributable to Tyson at Dec. 28, 2024   4,610 19,054 (281) $ (4,925) $ 18,503      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent       (97)          
Balance at end of quarter, Treasury Stock shares at Dec. 28, 2024         91.0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders             0    
Treasury Stock, Common, Shares         91.0        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ 18,627           124    
Common Stock, Value, Issued               $ 7 $ 38
Treasury Stock, Common, Shares 92.0       95.0        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ 18,227           142    
Common Stock, Value, Issued               $ 7 $ 38
Balance at beginning of quarter, Common Stock Shares at Sep. 27, 2025               70.0 378.0
Balance at beginning of quarter, Shareholders' Equity Attributable to Tyson at Sep. 27, 2025 $ 18,085 4,686 18,647 (191) $ (5,102)        
Balance at beginning of quarter, Treasury Stock shares at Sep. 27, 2025 92.0       95.0        
Balance at beginning of quarter, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 27, 2025 $ 142                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation and other   7     $ 24        
Net income attributable to Tyson 85   85            
Dividends     (179)         $ (32) $ (147)
Total Other Comprehensive Income (Loss), Net of Taxes 53                
Purchase of Class A common stock, shares         1.0       0.9
Payments for Repurchase of Common Stock         $ (47)       $ (47)
Stock-based compensation, shares         (1.0)        
Net income attributable to noncontrolling interests 5           (5)    
Noncontrolling Interest, Increase/(Decrease) from Currency Translation and Other             5    
Balance at end of quarter, Common Stock Shares at Dec. 27, 2025               70.0 378.0
Balance at end of quarter, Shareholders' Equity Attributable to Tyson at Dec. 27, 2025 $ 18,023 $ 4,693 $ 18,553 (143) $ (5,125) $ 18,023      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent       $ 48          
Balance at end of quarter, Treasury Stock shares at Dec. 27, 2025 92.0       95.0        
Balance at end of quarter, Shareholders' Equity Attributable to Noncontrolling Interest at Dec. 27, 2025 $ 140                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders             12    
Treasury Stock, Common, Shares 92.0       95.0        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ 18,163           $ 140    
Common Stock, Value, Issued               $ 7 $ 38
v3.25.4
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Sep. 28, 2024
Cash Flows From Investing Activities:      
Additions to property, plant and equipment $ (252) $ (271)  
Purchases of marketable securities (21) (15)  
Proceeds from sale of marketable securities 20 16  
Proceeds from Sale of Property, Plant, and Equipment 42 0  
Other, net 28 37  
Cash Used for Investing Activities (183) (233)  
Cash Flows From Operating Activities:      
Net Income 90 366  
Depreciation and amortization 376 348  
Deferred income taxes 0 (2)  
Other, net 163 78  
Net changes in operating assets and liabilities 313 241  
Cash Provided by Operating Activities 942 1,031  
Cash Flows From Financing Activities:      
Proceeds from issuance of debt 23 22  
Repayments of Debt and Lease Obligation 509 42  
Dividends (177) (175)  
Stock options exercised 6 15  
Other, net (14) 0  
Cash Used for Financing Activities (718) (195)  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,278 2,292 $ 1,717
Cash and cash equivalents 1,278 2,292  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 49 575  
Restricted Cash 0 0  
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation 8 (28)  
Other Noncash Income (Expense) (163) (78)  
Class A [Member]      
Cash Flows From Financing Activities:      
Purchases of Tyson Class A common stock (47) (15)  
Payments for Repurchase of Common Stock $ 47 $ 15  
v3.25.4
Accounting Policies
3 Months Ended
Dec. 27, 2025
Policy Text Block [Abstract]  
Accounting Policies ACCOUNTING POLICIES
Basis of Presentation
The consolidated condensed financial statements are unaudited and have been prepared by Tyson Foods, Inc. (“Tyson,” “the Company,” “we,” “us” or “our”). Certain information and accounting policies and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Although we believe the disclosures contained herein are adequate to make the information presented not misleading, these consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 27, 2025. Preparation of consolidated condensed financial statements requires us to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
We believe the accompanying consolidated condensed financial statements contain all adjustments, which are of a normal recurring nature necessary to state fairly our financial position as of December 27, 2025 and the results of operations for the three months ended December 27, 2025 and December 28, 2024. Results of operations and cash flows for the periods presented are not necessarily indicative of results to be expected for the full year.
Consolidation
The consolidated condensed financial statements include the accounts of all wholly-owned subsidiaries, as well as majority-owned subsidiaries over which we exercise control and, when applicable, entities for which we have a controlling financial interest or variable interest entities for which we are the primary beneficiary. Intercompany accounts and transactions have been eliminated in consolidation.
Goodwill and Intangible Assets
Goodwill and indefinite life intangible assets are initially recorded at fair value and not amortized, but are reviewed for impairment at least annually, or more frequently if impairment indicators arise. The first day of the fourth quarter is our annual impairment assessment date for goodwill and indefinite life intangible assets. However, we could be required to evaluate the recoverability of goodwill and indefinite life intangible assets outside of the required annual assessment if, among other things, we experience disruptions to the business, unexpected significant declines in operating results, divestiture of a significant component of the business, sustained decline in market capitalization or significant changes in macro-economic factors such as increased interest and discount rates.
Our goodwill and indefinite life intangible assets are evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative test is necessary. If it is determined, based on qualitative factors, the fair value of the reporting unit or indefinite life intangible asset may more likely than not be less than the carrying value, or if significant changes to macro-economic factors have occurred that could materially impact fair value, a quantitative impairment test would be required. The quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit or indefinite life intangible asset with its carrying value. If the carrying value of the reporting unit or indefinite life intangible asset exceeds the fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the carrying amount of goodwill or the indefinite life intangible asset.
Our qualitative assessment for the first quarter of fiscal 2026 did not indicate that it was more likely than not the fair value of any of our reporting units or indefinite life intangible assets was less than the carrying amount, and as such, no quantitative test was deemed necessary. We consider reporting units and indefinite life intangible assets that have 20% or less excess fair value over carrying amount to have a heightened risk of impairment. One of our International reporting units, which had goodwill of $0.2 billion at December 27, 2025, was considered at heightened risk of impairment as of the date of the most recent estimated fair value determination which was in the fourth quarter of fiscal 2025. All of our other remaining reporting units and all our indefinite life intangible assets' estimated fair values exceeded their carrying values by more than 20% as of their most recent assessments. Although the remaining reporting units and indefinite life intangible assets had more than 20% excess fair value over carrying value as of the date of the most recent estimated fair value determination, they remain susceptible to impairments if any assumptions, estimates, or market factors significantly change in the future.
Some of the inherent estimates and assumptions used in determining fair value of the reporting units and indefinite life intangible assets are outside the control of management, including interest rates, cost of capital, tax rates, market EBITDA comparables and credit ratings. While we believe we have made reasonable estimates and assumptions to calculate the fair value of the reporting units, it is possible a material change could occur. If our actual results are not consistent with our estimates and assumptions used to calculate fair value, it could result in material impairments of our goodwill or indefinite life intangible assets.
Use of Estimates
The consolidated condensed financial statements are prepared in conformity with accounting principles generally accepted in the United States, which require us to make estimates and assumptions that affect the amounts reported in the consolidated condensed financial statements and accompanying notes. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements
In November 2025, the Financial Accounting Standards Board (the "FASB") issued authoritative guidance to address several incremental hedge accounting issues arising from the global reference rate reform initiative. This guidance is effective for annual reporting periods beginning after December 15, 2026, our fiscal 2028, and interim reporting periods within those annual reporting periods. Amendments should be applied using a prospective approach, with the option to adopt the amendments in this update for hedging relationships that exist as of the date of adoption. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In September 2025, the FASB issued authoritative guidance to modernize the accounting for internal-use software costs including the elimination of the stage-based capitalization model and updated disclosure requirements. The guidance is effective for annual reporting periods beginning after December 15, 2027, our fiscal 2029, and interim reporting periods within those annual reporting periods. Amendments can be applied using a prospective transition approach, a modified transition approach, or a retrospective transition approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In November 2024, the FASB issued authoritative guidance to disclose certain additional expense information including, among other items, purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each Consolidated Statement of Income expense caption. The guidance is effective for annual reporting periods beginning after December 15, 2026, our fiscal 2028, and interim reporting periods within fiscal years beginning after December 15, 2027, our fiscal 2029. Amendments can be applied using either the prospective or the retrospective approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In December 2023, the FASB issued authoritative guidance to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The guidance is effective for annual reporting periods beginning after December 15, 2024, our fiscal 2026, and should be applied on a prospective basis with the option to apply retrospectively. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
v3.25.4
Inventories
3 Months Ended
Dec. 27, 2025
Inventory Disclosure [Abstract]  
Inventories INVENTORIES
Processed products, livestock and supplies and other are valued at the lower of cost or net realizable value. Cost includes purchased raw materials, live purchase costs, livestock growout costs (primarily feed, livestock grower pay and catch and haul costs), labor and manufacturing and production overhead, which are related to the purchase and production of inventories. At December 27, 2025, the cost of inventories was determined by either the first-in, first-out method or the weighted-average method, which is consistent with the methods used at September 27, 2025. Inventories are presented net of lower of cost or net realizable value adjustments of $166 million and $138 million as of December 27, 2025 and September 27, 2025, respectively.
The following table reflects the major components of inventory (in millions):
December 27, 2025September 27, 2025
Processed products$2,853 $3,086 
Livestock1,676 1,729 
Supplies and other877 866 
Total inventory$5,406 $5,681 
v3.25.4
Property, Plant And Equipment
3 Months Ended
Dec. 27, 2025
Property, Plant and Equipment, Net [Abstract]  
Property, Plant And Equipment PROPERTY, PLANT AND EQUIPMENT
The major categories of property, plant and equipment and accumulated depreciation are as follows (in millions): 
December 27, 2025September 27, 2025
Land$212 $209 
Buildings and leasehold improvements7,048 7,079 
Machinery and equipment12,054 12,015 
Land improvements and other572 575 
Buildings and equipment under construction468 509 
20,354 20,387 
Less accumulated depreciation11,290 11,183 
Net Property, Plant and Equipment$9,064 $9,204 
v3.25.4
Restructuring and Related Charges
3 Months Ended
Dec. 27, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Related Charges RESTRUCTURING AND RELATED CHARGES
Network Optimization Plan
In the first quarter of fiscal 2025, the Company initiated a network optimization plan to optimize our global operations and logistics network. We are reporting on actions approved through the end of the first quarter of fiscal 2026 as we are currently unable to make an estimate of the cost of the entire network optimization plan.
In the first quarter of fiscal 2026, the Company approved additional actions under the network optimization plan, increasing the estimated total pretax charges by $140 million. This increase reflects network changes in the Beef segment, including the closure of a harvesting facility and the transition to a single shift at another, as well as efforts to reduce support costs across all segments and corporate functions. As a result, we now expect to recognize total pretax net charges of $226 million for actions approved through December 27, 2025, which include $148 million of net charges that have resulted or will result in cash outflows and $185 million of non-cash charges, partially offset by a $107 million gain recognized from the sale of storage facilities. Additionally, we have received $294 million in proceeds associated with the sale of storage facilities to date, of which, $42 million was received in the first quarter of fiscal 2026. Through the first quarter of fiscal 2026, we have recognized $162 million of the expected total pretax charges and estimate $64 million of charges will be incurred over future periods, including $44 million during the remainder of fiscal 2026. We expect to incur costs related to the network optimization plan over a multi-year period and anticipate additional charges in the future as further actions are approved.
In the first quarter of fiscal 2026, we recognized net charges of $117 million related to the network optimization plan. The charges primarily included accelerated depreciation and asset write-offs related to the Beef segment network changes, severance and related costs and contract and lease termination costs. These charges included $57 million that have resulted or will result in cash outflows and $60 million of non-cash. In the first quarter of fiscal 2025, we recognized net charges of $73 million, which primarily included the closure of two facilities in the Prepared Foods segment, a non-harvesting facility closure in the Beef segment and asset write-offs in the Chicken and International segments. These charges included $29 million that have resulted or will result in cash outflows and $44 million of non-cash.
The following table reflects pretax (income) expense related to the network optimization plan in the first quarter of fiscal 2026 (in millions):
BeefPorkChickenPrepared FoodsInternationalCorporate ExpensesTotal
Cost of Sales:
Severance and related costs$16 $— $$$— $— $29 
Accelerated depreciation57 — — — — — 57 
Asset write-offs12 — — — — — 12 
Contract and lease terminations— — — — 
Total Cost of Sales$85 $— $$13 $— $— $105 
Selling, General and Administrative:
Severance and related costs— 10 
Total Selling, General and Administrative$$$$$— $$10 
Non-Operating (Income)/Expense
Total$86 $$$16 $— $$117 
The following table reflects pretax expenses related to the network optimization plan in the first quarter of fiscal 2025 (in millions):
BeefPorkChickenPrepared FoodsInternationalCorporate ExpensesTotal
Cost of Sales:
Severance and related costs$$— $$$— $— $
Accelerated depreciation23 — — — — — 23 
Asset write-offs— 23 — 38 
Contract and lease terminations— — — — — 
Total Cost of Sales$32 $— $$25 $$— $71 
Selling, General and Administrative:
Severance and related costs— — — — — 
Total Selling, General and Administrative$— $— $$— $— $— $
Total$32 $— $11 $25 $$— $73 
The following table reflects our liability related to the network optimization plan as of December 27, 2025 (in millions):
Balance at September 27, 2025ExpensesPaymentsBalance at December 27, 2025
Contract and lease terminations$31 $24 $— $55 
Severance and related costs39 (3)39 
Total$34 $63 $(3)$94 
We continue to strategically evaluate optimization of such items as network capacity, manufacturing efficiencies and business technology. If we have a significant change in strategies, outlook, or manner in which we plan to use these assets, we may experience future charges.
Plant Closures and Disposals
The following table reflects our liability related to plant closures as of December 27, 2025 (in millions):
Balance at September 27, 2025Plant Closure ChargesPaymentsBalance at December 27, 2025
Contract termination$72 $— $(3)$69 
Severance and retention— — — — 
Total$72 $— $(3)$69 
v3.25.4
Other Current Liabilities
3 Months Ended
Dec. 27, 2025
Other Liabilities, Current [Abstract]  
Other Current Liabilities OTHER CURRENT LIABILITIES
Other current liabilities are as follows (in millions):
December 27, 2025September 27, 2025
Accrued salaries, wages and benefits$661 $909 
Taxes payable231 193 
Accrued current legal contingencies645 712 
Other1,034 1,065 
Total other current liabilities$2,571 $2,879 
v3.25.4
Debt
3 Months Ended
Dec. 27, 2025
Debt Instruments [Abstract]  
Debt DEBT
The major components of debt are as follows (in millions):
December 27, 2025September 27, 2025
Revolving credit facility$— $— 
Revolving term loan credit facility— — 
Commercial paper— — 
Senior notes:
4.00% Notes due March 2026 (“2026 Notes”)800 800 
3.55% Notes due June 20271,350 1,350 
7.00% Notes due January 202818 18 
4.35% Notes due March 2029 (“2029 Notes”)1,000 1,000 
5.40% Notes due March 2029600 600 
6.13% Notes due November 2032157 157 
5.70% Notes due March 2034900 900 
4.88% Notes due August 2034500 500 
5.15% Notes due August 2044497 497 
4.55% Notes due June 2047713 733 
5.10% Notes due September 2048 (“2048 Notes”)1,485 1,490 
Discount on senior notes(33)(34)
Term loan facility due May 2028— 440 
Finance Leases168 168 
Other246 251 
Unamortized debt issuance costs(39)(40)
Total debt8,362 8,830 
Less current debt909 909 
Total long-term debt$7,453 $7,921 
Revolving Credit Facility and Letters of Credit
We have a $2.5 billion revolving credit facility that supports short-term funding needs and serves as a backstop to our commercial paper program. The facility will mature and the commitments thereunder will terminate in April 2030 with options for two one-year extensions. Under the terms of the revolving credit facility, we have the option to establish incremental commitment increases of up to an aggregate amount of $500 million if certain conditions are met. At December 27, 2025, amounts available for borrowing under this facility totaled $2.5 billion and we had no outstanding borrowings and no outstanding letters of credit issued under this facility. At December 27, 2025, we had $82 million of bilateral letters of credit issued separately from the revolving credit facility, none of which were drawn upon. Our letters of credit are issued primarily in support of workers’ compensation insurance programs and other legal obligations. In the future, if any of our subsidiaries shall guarantee any of our material indebtedness, such subsidiary shall be required to guarantee the indebtedness, obligations and liabilities under this facility.
Revolving Term Loan Credit Facility
In December 2025, we entered into a $750 million revolving term loan credit facility. The facility will mature and commitments thereunder will terminate in December 2028. We may make an election prior to the facility's maturity date to convert all or part of the outstanding borrowings into one or more term loans that will mature up to seven years after the facility's maturity date. Interest on borrowings under the facility is based either on term or daily simple secured overnight financing rates, with an applicable spread, or an alternative base rate with an applicable spread. The facility contained covenants and other terms that are generally consistent with those of our revolving credit facility. At December 27, 2025, we have not made any borrowing under the facility. Concurrent with the entry into the revolving term loan credit facility, we repaid the $440 million outstanding borrowing under a term loan facility due May 2028 using cash on hand and terminated the facility.
Commercial Paper Program
We have a commercial paper program under which we may issue unsecured short-term promissory notes up to an aggregate maximum principal amount of $1.75 billion. As of December 27, 2025, we had no commercial paper outstanding. Our ability to access commercial paper in the future may be limited or its costs increased.
Senior Note Repayments
During the first quarter of fiscal 2026, we repurchased $25 million of senior notes on the open market.
Debt Covenants
Our revolving credit facility and revolving term loan credit facility contain affirmative and negative covenants that, among other things, may limit or restrict our ability to: create liens and encumbrances; incur debt; merge, dissolve, liquidate or consolidate; make acquisitions and investments; dispose of or transfer assets; change the nature of our business; engage in certain transactions with affiliates; and enter into hedging transactions, in each case, subject to certain qualifications and exceptions. In addition, we are required to maintain a minimum interest expense coverage ratio.
Our senior notes also contain affirmative and negative covenants that, among other things, may limit or restrict our ability to: create liens; engage in certain sale/leaseback transactions; and engage in certain consolidations, mergers and sales of assets.
We were in compliance with all debt covenants at December 27, 2025.
v3.25.4
Equity
3 Months Ended
Dec. 27, 2025
Equity [Abstract]  
Equity EQUITY
Share Repurchases
As of December 27, 2025, 46.6 million shares remained available for repurchase under the Company's share repurchase program. The program has no fixed or scheduled termination date, and the timing and extent to which we repurchase shares will depend upon, among other things, our working capital needs, markets, industry conditions, liquidity targets, limitations under our debt obligations and regulatory requirements. In addition to the share repurchase program, we purchase shares on the open market to fund certain obligations under our equity compensation plans. A summary of share repurchases of our Class A stock is as follows (in millions):
Three Months Ended
December 27, 2025December 28, 2024
SharesDollarsSharesDollars
Shares repurchased:
Under share repurchase program0.6 $33 — $— 
To fund certain obligations under equity compensation plans0.3 14 0.3 15 
Total share repurchases0.9 $47 0.3 $15 
v3.25.4
Income Taxes
3 Months Ended
Dec. 27, 2025
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Our effective tax rate was 29.7% and 23.5% for the first quarter of fiscal 2026 and 2025, respectively. The effective tax rates for the first quarter of fiscal 2026 and 2025 are higher than the federal statutory tax rate primarily due to state taxes and net unfavorable permanent book-to-tax differences, partially offset by various tax benefits. Additionally, the effective tax rate for the first quarter of fiscal 2026 was increased by estimated foreign withholding tax on the repatriation of earnings of foreign subsidiaries, and the effective tax rate for the first quarter of fiscal 2025 was decreased by the release of a $9 million valuation allowance on losses related to a production facility fire in the Netherlands and our subsequent decision to sell the facility. The release of the valuation allowance was due to newly enacted tax legislation in the Netherlands.
Unrecognized tax benefits were $165 million and $168 million at December 27, 2025 and September 27, 2025, respectively.
In December 2021, we received an assessment from the Mexican tax authorities related to the 2015 sale of our direct and indirect equity interests in subsidiaries which collectively held our Mexico operation. At December 27, 2025, the assessment totaled approximately $519 million (9.3 billion Mexican pesos), which included tax, inflation adjustment, interest and penalties. Based on analysis of our assessment in accordance with guidance related to unrecognized tax benefits, we have not recorded a liability related to our assessment. Additionally, the purchaser in the transaction also received an assessment from the Mexican tax authorities related to the sale of the indirect equity interest, which was affirmed in January 2025 by a circuit court in Mexico, but remains subject to potential further judicial review under a petition filed by the purchaser. The transaction agreement contains certain mutual indemnification provisions, and both parties provided notice of indemnification claims to the other party. On November 14, 2025, we settled the indemnification provision and entered into an agreement in which the purchaser agreed to assume all tax liabilities in connection with our assessment, assume defense of such assessment and waive all potential indemnification claims against the Company. In fiscal 2025, we recorded a pretax liability of $40 million for the estimated probable loss related to this indemnification provision, which was paid to the purchaser during the first quarter of fiscal 2026 following the settlement
v3.25.4
Earnings Per Share
3 Months Ended
Dec. 27, 2025
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
The following table sets forth the earnings and weighted average common shares used in the computation of basic and diluted earnings per share (in millions, except per share data): 
Three Months Ended
December 27, 2025December 28, 2024
Numerator:
Net income$90 $366 
Less: Net income attributable to noncontrolling interests
Net income attributable to Tyson85 359 
Less dividends declared:
Class A 147 146 
Class B 32 32 
Undistributed earnings (losses)$(94)$181 
Class A undistributed earnings (losses)$(77)$148 
Class B undistributed earnings (losses)(17)33 
Total undistributed earnings (losses)$(94)$181 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares282 285 
Class B weighted average shares70 70 
Denominator for diluted earnings per share:
Class A weighted average shares282 285 
Class B weighted average shares under the if-converted method for diluted earnings per share70 70 
Effect of dilutive securities: Stock options, restricted stock and performance units
Denominator for diluted earnings per share – weighted average shares and assumed conversions354 357 
Net income per share attributable to Tyson:
Class A basic$0.25 $1.03 
Class B basic$0.22 $0.93 
Diluted$0.24 $1.01 
Dividends Declared Per Share:
Class A$0.520 $0.510 
Class B$0.468 $0.459 
Approximately 6 million and 5 million of our stock-based compensation shares were antidilutive for the three months ended December 27, 2025 and December 28, 2024, respectively. These shares were not included in the diluted earnings per share calculation.
We have two classes of capital stock, Class A stock and Class B stock. Cash dividends cannot be paid to holders of Class B stock unless they are simultaneously paid to holders of Class A stock. The per share amount of cash dividends paid to holders of Class B stock cannot exceed 90% of the cash dividends paid to holders of Class A stock.
We allocate undistributed earnings (losses) based upon a 1.0 to 0.9 ratio per share to Class A stock and Class B stock, respectively. We allocate undistributed earnings based on this ratio due to historical dividend patterns, voting control of Class B shareholders and contractual limitations of dividends to Class B stock.
v3.25.4
Derivative Financial Instruments
3 Months Ended
Dec. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments DERIVATIVE FINANCIAL INSTRUMENTS
Our business operations give rise to certain market risk exposures mostly due to changes in commodity prices, foreign currency exchange rates and interest rates. We manage a portion of these risks through the use of derivative financial instruments to reduce our exposure to commodity price risk, foreign currency risk and interest rate risk. Our risk management programs are periodically reviewed by our Board of Directors’ Audit Committee. These programs and risks are monitored by senior management and may be revised as market conditions dictate. Our current risk management programs utilize various industry-standard models that take into account the implicit cost of hedging. Credit risks associated with our derivative contracts are not significant as we minimize counterparty exposure by dealing with credit-worthy counterparties and utilizing exchange traded instruments, margin accounts or letters of credit. Additionally, our derivative contracts are mostly short-term in duration and we generally do not make use of credit-risk-related contingent features. No significant concentrations of credit risk existed at December 27, 2025.
We had the following net aggregated outstanding notional amounts related to our derivative financial instruments:
in millions, except soybean meal tonsMetricDecember 27, 2025September 27, 2025
Commodity:
CornBushels133 93 
Soybean MealTons1,213,447 1,221,711 
Live CattlePounds109 30 
Lean HogsPounds466 828 
Foreign CurrencyUnited States dollar$141 $208 
We recognize all derivative instruments as either assets or liabilities at fair value in the Consolidated Condensed Balance Sheets, with the exception of normal purchases and normal sales expected to result in physical delivery. For those derivative instruments that are designated and qualify as hedging instruments, we designate the hedging instrument based upon the exposure being hedged (e.g., cash flow hedge or fair value hedge). We designate certain forward contracts as follows:
Cash Flow Hedges – include certain commodity forward and option contracts of forecasted purchases (e.g., grains), interest rate swaps and locks and certain foreign exchange forward contracts
Fair Value Hedges – include certain commodity forward contracts of firm commitments (e.g., livestock)
Cash Flow Hedges
Derivative instruments are designated as hedges against changes in the amount of future cash flows related to procurement of certain commodities utilized in our production processes as well as interest rates to our variable rate debt. For the derivative instruments we designate and qualify as a cash flow hedge, the gain or loss on the derivative is reported as a component of other comprehensive income (“OCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Based on market prices as of December 27, 2025, we have net pretax gains of $8 million for our commodity contracts, which are expected to be reclassified into earnings within the next twelve months. Additionally, we have $9 million of realized losses related to treasury rate locks in connection with the issuance of the 2026, 2029 and 2048 Notes, which will be reclassified to earnings over the lives of these notes. During the three months ended December 27, 2025 and December 28, 2024, we did not reclassify significant pretax gains or losses into earnings as a result of the discontinuance of cash flow hedges. The following table sets forth the pretax impact of cash flow hedge derivative instruments recognized in OCI (in millions):
Three Months Ended
Gain (Loss) Recognized in OCI on DerivativesDecember 27, 2025December 28, 2024
Cash flow hedge - derivatives designated as hedging instruments:
Commodity contracts$20 $(8)
Fair Value Hedges
We designate certain derivative contracts as fair value hedges of firm commitments to purchase livestock for harvest. Our objective of these hedges is to minimize the risk of changes in fair value created by fluctuations in commodity prices associated with fixed price livestock firm commitments. For these derivative instruments we designate and qualify as a fair value hedge, the gain or loss on the derivative, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are recognized in earnings in the same period. We include the gain or loss on the hedged items (e.g., livestock purchase firm commitments) in the same line item, Cost of Sales, as the offsetting gain or loss on the related livestock forward position. Ineffectiveness related to fair value hedges was not significant for the three months ended December 27, 2025, and December 28, 2024. The following table sets forth the carrying amount of fair value hedge (assets) liabilities as of December 27, 2025 and September 27, 2025 (in millions):
Consolidated Condensed Balance Sheets ClassificationDecember 27, 2025September 27, 2025
Inventory$(8)$65 
Undesignated Positions
In addition to our designated positions, we also hold derivative contracts for which we do not apply hedge accounting. These include certain derivative instruments related to commodities price risk, including grains, livestock, energy and foreign currency risk. We mark these positions to fair value through earnings at each reporting date.
Reclassification to Earnings
The following table sets forth the total amounts of each income and expense line item presented in the Consolidated Condensed Statements of Income in which the effects of hedges are recorded (in millions):
Consolidated Condensed Statements of Income ClassificationThree Months Ended
December 27, 2025December 28, 2024
Cost of Sales$13,505 $12,528 
Interest Expense104 120 
Other, net84 
The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Condensed Statements of Income (in millions):
Consolidated Condensed Statements of Income ClassificationThree Months Ended
December 27, 2025December 28, 2024
Cost of SalesGain (Loss) on cash flow hedges reclassified from OCI to earnings:
Commodity contracts $(9)$(11)
Gain (Loss) on fair value hedges:
Commodity contracts (a)(38)(4)
Gain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts35 8 
Total$(12)$(7)
Interest ExpenseGain (Loss) on cash flow hedges reclassified from OCI to earnings:
Interest rate contracts$ $(1)
Other, netGain (Loss) on derivatives not designated as hedging instruments:
Foreign exchange contracts$(2)$8 
(a) Amounts represent gains/(losses) on commodity contracts designated as fair value hedges of firm commitments that were realized during the period presented, which were offset by a corresponding gain/(loss) on the underlying hedged inventory. Gains or losses related to changes in the fair value of unrealized commodity contracts, along with the offsetting gain or loss on the hedged inventory, are also marked-to-market through earnings with no impact on a net basis.
The fair value of all outstanding derivative instruments in the Consolidated Condensed Balance Sheets are included in Note 11: Fair Value Measurements.
v3.25.4
Fair Value Measurements
3 Months Ended
Dec. 27, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements FAIR VALUE MEASUREMENTS
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The fair value hierarchy contains three levels as follows:
Level 1 — Unadjusted quoted prices available in active markets for the identical assets or liabilities at the measurement date.
Level 2 — Other observable inputs available at the measurement date, other than quoted prices included in Level 1, either directly or indirectly, including:
Quoted prices for similar assets or liabilities in active markets;
Quoted prices for identical or similar assets in non-active markets;
Inputs other than quoted prices that are observable for the asset or liability; and
Inputs derived principally from or corroborated by other observable market data.
Level 3 — Unobservable inputs that cannot be corroborated by observable market data and reflect the use of significant management judgment. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions.
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The fair value hierarchy requires the use of observable market data when available. In instances where the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input significant to the fair value measurement in its entirety. Our assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.
The following tables set forth, by level within the fair value hierarchy, our financial assets and liabilities accounted for at fair value on a recurring basis, according to the valuation techniques we used to determine their fair values (in millions): 
December 27, 2025Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $42 $— $(9)$33 
Undesignated — 52 — (10)42 
Other Assets:
Available-for-sale securities (non-current)— 90 28 — 118 
Deferred compensation assets20 517 — — 537 
Total assets$20 $701 $28 $(19)$730 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $13 $— $(13)$— 
Undesignated — 49 — (34)15 
Total liabilities$— $62 $— $(47)$15 
September 27, 2025Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $$— $(1)$
Undesignated — 113 — (20)93 
Other Assets:
Available-for-sale securities (non-current)— 90 27 — 117 
Deferred compensation assets21 501 — — 522 
Total assets$21 $710 $27 $(21)$737 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $82 $— $(82)$— 
Undesignated — 135 — (126)
Total liabilities$— $217 $— $(208)$
(a) Our derivative assets and liabilities are presented in our Consolidated Condensed Balance Sheets on a net basis when a legally enforceable master netting arrangement exists between the counterparty to a derivative contract and us. Additionally, at December 27, 2025, and September 27, 2025, we had $28 million and $187 million, respectively, of net cash collateral with various counterparties where master netting arrangements exist and held no cash collateral.
The following table provides a reconciliation between the beginning and ending balance of marketable debt securities measured at fair value on a recurring basis in the table above that used significant unobservable inputs (Level 3) (in millions): 
Three Months Ended
December 27, 2025December 28, 2024
Balance at beginning of year$27 $28 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)— — 
Purchases— 
Issuances— — 
Settlements(2)(3)
Balance at end of period$28 $25 
Total gains (losses) for the three month period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at end of period
$— $— 
The following methods and assumptions were used to estimate the fair value of each class of financial instrument:
Derivative Assets and Liabilities
Our derivative financial instruments primarily include exchange-traded and over-the-counter contracts which are further described in Note 10: Derivative Financial Instruments. We record our derivative financial instruments at fair value using quoted market prices, adjusted where necessary for credit and non-performance risk and internal models that use readily observable market inputs as their basis, including current and forward market prices and rates. We classify these instruments in Level 2 when quoted market prices can be corroborated utilizing observable current and forward commodity market prices on active exchanges or observable market transactions.
Available-for-Sale Securities
Our investments in marketable debt securities are classified as available-for-sale and are reported at fair value based on pricing models and quoted market prices adjusted for credit and non-performance risk. Short-term investments with maturities of less than 12 months are included in Other current assets in the Consolidated Condensed Balance Sheets. All other marketable debt securities are included in Other Assets in the Consolidated Condensed Balance Sheets and have maturities ranging up to 43 years.
We classify our investments in U.S. government, U.S. agency, certificates of deposit and commercial paper debt securities as Level 2 as fair value is generally estimated using discounted cash flow models that are primarily industry-standard models that consider various assumptions, including time value and yield curve as well as other readily available relevant economic measures. We classify certain corporate, asset-backed and other debt securities as Level 3 as there is limited activity or less observable inputs into valuation models, including current interest rates and estimated prepayment, default and recovery rates on the underlying portfolio or structured investment vehicle. Significant changes to assumptions or unobservable inputs in the valuation of our Level 3 instruments would not have a significant impact to our consolidated condensed financial statements.
The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):
December 27, 2025September 27, 2025
Amortized
Cost Basis
Fair
Value
Unrealized
Gain (Loss)
Amortized
Cost Basis
Fair
Value
Unrealized
Gain (Loss)
Available-for-sale securities:
Debt securities:
U.S. treasury and agency$91 $90 $(1)$91 $90 $(1)
Corporate and asset-backed28 28 — 27 27 — 
Unrealized holding gains (losses), net of tax, are excluded from earnings and reported in OCI until the security is settled or sold. On a quarterly basis, we evaluate whether losses related to our available-for-sale securities are due to credit or non-credit factors. Losses on debt securities where we have the intent, or will more than likely be required, to sell the security prior to recovery, would be recorded as a direct write-off of amortized cost basis through earnings. Losses on debt securities where we do not have the intent, or would not more than likely be required to sell the security prior to recovery, would be further evaluated to determine whether the loss is credit or non-credit related. Credit-related losses would be recorded through an allowance for credit losses through earnings and non-credit related losses through OCI.
We consider many factors in determining whether a loss is credit-related, including the financial condition and near-term prospects of the issuer, borrower repayment characteristics for asset-backed securities, and our ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery. We recognized no direct write-offs or allowances for credit losses in earnings for the three months ended December 27, 2025, and December 28, 2024.
Deferred Compensation Assets
We maintain non-qualified deferred compensation plans for certain executives and other highly compensated team members. Investments are generally maintained within a trust and include money market funds, mutual funds and life insurance policies. The cash surrender value of the life insurance policies is invested primarily in mutual funds. The investments are recorded at fair value based on quoted market prices and are included in Other Assets in the Consolidated Condensed Balance Sheets. We classify the investments which have observable market prices in active markets in Level 1 as these are generally publicly-traded mutual funds. The remaining deferred compensation assets are classified in Level 2, as fair value can be corroborated based on observable market data. Realized and unrealized gains (losses) on deferred compensation are included in earnings.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
In addition to assets and liabilities that are recorded at fair value on a recurring basis, we record assets and liabilities at fair value on a nonrecurring basis. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges and, with respect to our equity investments without readily determinable fair values, recorded by applying the measurement alternative for which such investments are recorded at cost and adjusted for an observable price change in an orderly transaction for an identical or similar investment of the same issuer.
During the first quarter of fiscal 2026, we recorded impairment charges of $75 million in Other, net in the Consolidated Statements of Income, related to our equity investments. These equity investments are included in Other Assets in the Consolidated Balance Sheets, do not have readily determinable fair values and were measured using a market approach which utilized Level 3 inputs. We did not have any other significant measurements of assets or liabilities at fair value on a nonrecurring basis subsequent to their initial recognition during the three months ended December 27, 2025 and December 28, 2024.
Other Financial Instruments
Fair value of our debt is principally estimated using Level 2 inputs based on quoted prices for those or similar instruments. Fair value and carrying value for our debt are as follows (in millions):
December 27, 2025September 27, 2025
Fair ValueCarrying ValueFair ValueCarrying Value
Total debt$8,232 $8,362 $8,658 $8,830 
v3.25.4
Other Comprehensive Income (Loss)
3 Months Ended
Dec. 27, 2025
Equity [Abstract]  
Other Comprehensive Income (Loss) OTHER COMPREHENSIVE INCOME (LOSS)
The before and after-tax changes in the components of other comprehensive income (loss) are as follows (in millions):
Three Months Ended
December 27, 2025December 28, 2024
Before TaxTaxAfter TaxBefore TaxTaxAfter Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to interest expense$— $— $— $$— $
(Gain) loss reclassified to cost of sales(3)11 (3)
Unrealized gain (loss)20 (5)15 (8)(6)
Investments:
Unrealized gain (loss)— — — (2)— (2)
Currency translation:
Translation adjustment(a)
33 (1)32 (112)(108)
Translation loss reclassified to cost of sales— — — — 
Total other comprehensive income (loss)$62 $(9)$53 $(107)$$(104)
(a) Before and after tax translation adjustment for the three months ended December 27, 2025 and December 28, 2024 included $5 million and $(7) million of Comprehensive Income (Loss) Attributable to Noncontrolling Interests, respectively.
v3.25.4
Segment Reporting
3 Months Ended
Dec. 27, 2025
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
We operate in five reportable segments: Beef, Pork, Chicken, Prepared Foods and International. We measure segment profit as segment operating income (loss). Previously, International was a non-reportable segment and was presented within International/Other. Effective in the first quarter of fiscal 2026, International was identified as a reportable segment.
Our President and Chief Executive Officer is the Chief Operating Decision Maker ("CODM") of the Company. Commencing in the first quarter of fiscal 2026, we no longer allocate corporate expenses and amortization to our segments as these items are no longer used by our CODM in assessing the performance of, or in allocating resources to, the segments. The CODM uses segment operating income (loss) as the segment profitability measure to assess performance and allocate resources. Segment operating income (loss) is now defined as Operating Income (Loss) less corporate expenses and amortization to account for the changes to our segment results described above. Corporate expenses are unallocated general and administrative costs, including the costs of corporate functions, that are shared across multiple segments. Amortization includes amortization generated from intangible assets including brands and trademarks, customer relationships, supply arrangements, patents and intellectual property, land use rights and software. Segment operating income (loss) is utilized during our budgeting and forecasting process to assess profitability and to enable decision making regarding strategic initiatives and capital investments across all reportable segments. Our CODM considers variances of actual performance to our annual operating plan and periodic forecasts when making decisions. All prior period amounts have been recast to reflect the new presentation of segment operating income (loss).
Significant expenses are expenses which are regularly provided to the CODM and are included in segment operating income (loss). These consist of segment cost of sales, segment selling, general and administrative expenses, and various items affecting comparability. Segment Cost of Sales includes raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, food safety and quality assurance costs and transportation and warehousing expenses, excluding the impact of items affecting comparability. Segment Selling, General and Administrative expenses include the costs to execute sales to customers, costs related to selling, marketing, advertising and promotional activities and other general and administrative operating costs that are not directly related to manufacturing as well as other expense items, excluding the impact of items affecting comparability. Items affecting comparability include restructuring and related charges (including network optimization), plant closure and disposal charges (net of gains), goodwill and intangible impairments, brand and product line discontinuations, facility fire related costs (net of insurance proceeds), and certain non-ordinary course legal, regulatory and other matters.
Beef
Beef includes our operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes sales from specialty products such as hides, rendered products and variety meats, as well as logistics operations to move products through the supply chain.
Pork
Pork includes our operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes our live swine group, related specialty product processing activities and logistics operations to move products through the supply chain.
Chicken
Chicken includes our domestic operations related to raising and processing live chickens into, and purchasing raw materials for fresh, frozen and value-added chicken products, as well as sales from specialty products. Our value-added chicken products primarily include breaded chicken strips, nuggets, patties and other ready-to-fix or fully cooked chicken parts. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes logistics operations to move products through our domestic supply chain and the global operations of our chicken breeding stock subsidiary.
Prepared Foods
Prepared Foods includes our operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations to move products through the supply chain. This segment includes brands such as Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, as well as artisanal brands Aidells® and Gallo Salame®. Products primarily include a mixture of ready-to-cook and ready-to-eat sandwiches, sandwich components such as flame-grilled hamburgers and Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks and processed meats. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets.
International
International includes our foreign operations in China, Europe, Malaysia, Mexico, South Korea, Thailand and the Kingdom of Saudi Arabia related to raising and processing live chickens into and purchasing raw materials for fresh, frozen and value-added chicken products as well as the distribution of chicken products and other protein and non-protein food products. Products are marketed to foodservice distributors and retailers and to other international markets.
Intersegment sales transactions, which were at market prices, are included in the segment sales in the tables below. Expenses, amortization, assets and additions to property, plant and equipment, relating to corporate activities, as well as cash and cash equivalents, benefit plans, and certain investments, are not allocated to segments in the tables below.
Information on segments and a reconciliation to income (loss) before income taxes are as follows (in millions): 
Three months ended December 27, 2025
BeefPorkChickenPrepared FoodsInternationalIntersegmentTotal
Sales(a)
$5,771 $1,609 $4,212 $2,673 $582 $(534)$14,313 
Segment Cost of Sales5,982 1,551 3,653 2,228 510 (534)
Segment Selling, General and Administrative22 100 107 26 — 
Restructuring and related charges86 16 — — 
Legal contingency accruals— — — — — 
Segment Operating Income (Loss)$(319)$50 $450 $322 $41 $— $544 
Corporate expenses(b)
(188)
Amortization(54)
Operating Income (Loss)$302 
Other (Income) Expense:
Interest income$(13)
Interest expense104 
Other, net84 
Income (Loss) before Income Taxes$127 
BeefPorkChickenPrepared FoodsInternationalUnallocated (Corporate)Total
Other segment information:
Depreciation$90 $15 $131 $59 $15 $$319 
Total Assets3,621 1,455 11,870 14,617 1,828 2,628 36,019 
Additions to property, plant and equipment28 13 151 46 11 252 
Three months ended December 28, 2024
BeefPorkChickenPrepared FoodsInternationalIntersegmentTotal
Sales$5,335 $1,617 $4,065 $2,473 $584 $(451)$13,623 
Segment Cost of Sales5,305 1,536 3,484 2,064 513 (451)
Segment Selling, General and Administrative24 110 87 25 — 
Restructuring and related charges32 — 11 25 — 
Segment Operating Income (Loss)$(26)$73 $460 $297 $41 $— $845 
Corporate expenses(201)
Amortization(c)
(64)
Operating Income (Loss)$580 
Other (Income) Expense:
Interest income$(25)
Interest expense120 
Other, net
Income (Loss) before Income Taxes$478 
BeefPorkChickenPrepared FoodsInternationalUnallocated (Corporate)Total
Other segment information:
Depreciation$54 $14 $129 $62 $14 $$281 
Total Assets3,608 1,523 11,892 14,847 1,774 3,666 37,310 
Additions to property, plant and equipment32 19 143 43 13 21 271 
(a) Includes $90 million and $60 million of legal contingency accruals for the Beef and Pork segments, respectively.
(b) Includes $3 million of restructuring and related charges.
(c) Includes $6 million of accelerated amortization related to brand and product line discontinuations.
The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Three months ended December 27, 2025
Retail(d)
Foodservice(e)
International(f)
Industrial and Other(g)
Total External CustomersIntersegmentTotal
Beef$2,902 $1,604 $542 $575 $5,623 $148 $5,771 
Pork503 170 357 220 1,250 359 1,609 
Chicken1,767 1,648 267 507 4,189 23 4,212 
Prepared Foods1,587 943 66 73 2,669 2,673 
International— — 582 — 582 — 582 
Intersegment— — — — — (534)(534)
Total$6,759 $4,365 $1,814 $1,375 $14,313 $— $14,313 
Three months ended December 28, 2024
Retail(d)
Foodservice(e)
International(f)
Industrial and Other(g)
Total External CustomersIntersegmentTotal
Beef$2,657 $1,366 $655 $549 $5,227 $108 $5,335 
Pork553 126 331 285 1,295 322 1,617 
Chicken1,658 1,652 269 465 4,044 21 4,065 
Prepared Foods1,472 894 57 50 2,473 — 2,473 
International— — 584 — 584 — 584 
Intersegment— — — — — (451)(451)
Total$6,340 $4,038 $1,896 $1,349 $13,623 $— $13,623 
(d) Includes external sales to consumer products and food retailers, such as grocery retailers, warehouse club stores and internet-based retailers.
(e) Includes external sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(f) Includes external sales to international markets for internationally produced products or export sales of domestically produced products.
(g) Includes external sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories. Additionally, during the three months ended December 27, 2025, Beef and Pork segments included a $90 million and $60 million reduction in Other, respectively, due to the recognition of legal contingency accruals.
v3.25.4
Commitments And Contingencies
3 Months Ended
Dec. 27, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies COMMITMENTS AND CONTINGENCIES
Commitments
We guarantee obligations of certain outside third parties, consisting primarily of grower loans, which are substantially collateralized by the underlying assets. The remaining terms of the underlying obligations cover periods up to 6 years, and the maximum potential amount of future payments as of December 27, 2025, was not significant. The likelihood of material payments under these guarantees is not considered probable. At December 27, 2025 and September 27, 2025, no significant liabilities for guarantees were recorded.
We have cash flow assistance programs in which certain livestock suppliers participate. Under these programs, we pay an amount for livestock equivalent to a standard cost to grow such livestock during periods of low market sales prices. The amounts of such payments that are in excess of the market sales price are recorded as receivables and accrue interest. Participating suppliers are obligated to repay these receivables balances when market sales prices exceed this standard cost, or upon termination of the agreement. Our maximum commitment associated with these programs is limited to the fair value of each participating livestock supplier’s net tangible assets. The potential maximum commitment as of December 27, 2025 was approximately $155 million. At December 27, 2025 and September 27, 2025, we did not have significant net receivables outstanding under these programs.
When constructing new facilities or making major enhancements to existing facilities, we will occasionally enter into incentive agreements with local government agencies in order to reduce certain state and local tax expenditures. These funds are generally considered restricted cash, which is reported in the Consolidated Condensed Balance Sheets in Other Assets. We had no deposits at December 27, 2025 and September 27, 2025. Additionally, under certain agreements, we transfer the related assets to various local government entities and receive Industrial Revenue Bonds. We immediately lease the facilities from the local government entities and have an option to re-purchase the facilities for a nominal amount upon tendering the Industrial Revenue Bonds to the local government entities at various predetermined dates. The Industrial Revenue Bonds and the associated obligations for the leases of the facilities offset, and the underlying assets remain in property, plant and equipment. At December 27, 2025, the total amount under these types of arrangements totaled $787 million.
Contingencies
In the normal course of business, we are involved in various claims, lawsuits, investigations and legal proceedings, including those specifically identified below. Each quarter, we determine whether to accrue for loss contingencies based on our assessment of whether the potential loss is probable, reasonably possible or remote and to the extent a loss is probable, whether it is reasonably estimable. We record accruals in the Company’s Consolidated Financial Statements for matters that we conclude are probable and the financial impact is reasonably estimable. The Company further determines whether a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable. Regardless of the manner of resolution, frequently the most significant changes in the status of a matter may occur over a short time period, often following a lengthy period of little substantive activity. While these accruals reflect the Company’s best estimate of the probable loss for those matters as of the dates of those accruals, the recorded amounts may differ materially from the actual amount of the losses for those matters. Listed below are certain claims made against the Company for which the magnitude of the potential exposure could be material to the Company’s Consolidated Financial Statements.
Broiler Antitrust Civil Litigation and Related Matters
Beginning in September 2016, a series of putative federal class action lawsuits styled In re Broiler Chicken Antitrust Litigation (the “Broiler Antitrust Civil Litigation”) were filed in the United States District Court for the Northern District of Illinois against us and certain of our poultry subsidiaries, as well as several other poultry processing companies and Agri Stats, Inc. ("Agri Stats"), an information service provider. As described below, the Company reached agreements to settle all outstanding claims brought against it by the putative classes, and the Court has granted final approval to these settlements.
Certain putative class members chose to opt out of the classes and pursue individual claims against the Company and other defendants in the United States District Court for the Northern District of Illinois. The operative complaints allege that beginning in January 2008, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of broiler chickens and that the defendants manipulated and artificially inflated the Georgia Dock price index. The plaintiffs further allege that the defendants concealed this conduct from the plaintiffs and the members of the putative classes. The plaintiffs seek treble damages, injunctive relief, pre- and post-judgment interest, costs, and attorneys’ fees under the United States antitrust laws and various state unfair competition laws, consumer protection laws, and unjust enrichment common laws.
The Court divided the case into two tracks. Plaintiffs electing to proceed in the first track (“Track One”) chose to forego claims relating to the DOJ criminal investigation described below. Plaintiffs electing to proceed in the second track (“Track Two”) could pursue those claims but needed to wait until the completion of the Track One proceedings before doing so.
The first trial in this matter, which involved claims brought by the Direct Purchaser Plaintiff Class and certain direct-action plaintiffs, began on September 12, 2023 and concluded with a jury verdict in favor of the defendant on October 25, 2023. The Company did not participate in the first trial because it had previously settled all of the claims brought by the plaintiffs that participated in that trial. The second and third scheduled trials in this matter, which were to involve claims brought by the Commercial and Institutional Indirect Purchaser Class and the End-User Consumer Plaintiff Class, respectively, were scheduled to begin in March 2024 and September 2024, respectively. Both of these trials were cancelled because all claims brought by these classes were resolved before trial. This completed the Track One proceedings.
On February 11, 2025, the Court denied the defendants’ motion to dismiss the allegations brought by the Track Two plaintiffs. On March 7, 2025, the Court lifted the stay of discovery that had applied to the Track Two claims, with fact discovery currently ongoing. The Court entered a case schedule under which the first Track Two trial will begin in September 2027.
Settlements
On January 19, 2021, we announced that we had reached agreements to settle certain class claims related to the Broiler Antitrust Civil Litigation. Settlement terms were reached with the putative Direct Purchaser Plaintiff Class, the putative Commercial and Institutional Indirect Purchaser Plaintiff Class and the putative End-User Plaintiff Class (collectively, the “Classes”). Under the terms of the settlements, we agreed to pay the Classes an aggregate amount of $221.5 million in settlement of all outstanding claims brought by the Classes. On June 29, 2021, December 20, 2021 and April 18, 2022, the Court granted final approval to the settlements with the Direct Purchaser Plaintiff Class, the End-User Plaintiff Class and the Commercial and Institutional Indirect Purchaser Plaintiff Class, respectively. The foregoing settlements do not settle claims made by plaintiffs who have opted out of the Classes in the Broiler Antitrust Civil Litigation.
We are currently pursuing settlement discussions with the remaining opt-out plaintiffs with respect to the remaining claims. While we do not admit any liability as part of the settlements, we believe that the settlements we have entered into have been in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation.
Government Investigations
U.S. Department of Justice (“DOJ”) Antitrust Division. On June 21, 2019, the DOJ filed a motion to intervene and sought a limited stay of discovery in the Broiler Antitrust Civil Litigation, which the court granted in part. Subsequently, we received a grand jury subpoena from the DOJ seeking additional documents and information related to the chicken industry. On June 2, 2020, a grand jury for the District of Colorado returned an indictment charging four individual executives employed by two other poultry processing companies with conspiracy to engage in bid-rigging in violation of federal antitrust laws. On June 10, 2020, we announced that we uncovered information in connection with the grand jury subpoena that we had previously self-reported to the DOJ and have been cooperating with the DOJ as part of our application for leniency under the DOJ’s Corporate Leniency Program. Subsequently, the DOJ announced indictments against additional individuals, as well as other poultry processing companies, alleging a conspiracy to fix prices and rig bids for broiler chicken products from at least 2012 until at least early 2019. None of these indictments remain pending. In August 2021, the Company was granted conditional leniency by the DOJ for the matters we self-reported, which means that provided the Company continues to cooperate with the DOJ, neither the Company nor any of our cooperating employees will face prosecution or criminal fines or penalties. We continue to cooperate with the DOJ in connection with the ongoing federal antitrust investigation.
State Attorney General Matters. The Offices of the Attorneys General in Washington, New Mexico and Alaska have filed complaints against us and certain of our poultry subsidiaries, as well as several other poultry processing companies and Agri Stats based on allegations similar to those asserted in the Broiler Antitrust Civil Litigation. These complaints alleged violations of state antitrust, unfair trade practice, and unjust enrichment laws. We are cooperating with various state governmental agencies and officials, including the Offices of the Attorneys General for Florida and Louisiana, investigating or otherwise seeking information, testimony and/or documents, regarding the conduct alleged in the Broiler Antitrust Civil Litigation and related matters. In October 2022, we reached an agreement to settle all claims with the Washington Attorney General, and the court entered a consent decree on October 24, 2022. On February 16, 2024, the Company and the State of Alaska filed a stipulation and proposed consent decree reflecting a settlement of the claims against the Company asserted by the Office of the Attorney General of Alaska. The court approved this settlement on April 24, 2024. On April 19, 2024, the Company and the State of New Mexico filed a proposed consent judgment reflecting a settlement of the claims against the Company asserted by the Office of the Attorney General of New Mexico. The Court approved this settlement on July 23, 2024. While the Company believes it has meritorious defenses to the claims that have been made, we believe that these settlements are in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation.
The legal contingency accrual for claims related to the Broiler Antitrust Civil Litigation matters described above was $64 million at December 27, 2025 and September 27, 2025. During the three months ended December 27, 2025 and December 28, 2024, the Company did not record any contingency accruals for claims related to these matters. Additionally, during the first quarter of fiscal 2025, the Company reduced its total recorded legal contingency accrual by $21 million for amounts it had paid related to these matters. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time. However, if facts and circumstances of the matter or assumptions based on present conditions used to determine our estimated liability were to significantly change, we may be exposed to additional material losses.
Pork Antitrust Litigation
Beginning June 18, 2018, a series of putative class action complaints were filed against us and certain of our pork subsidiaries, as well as several other pork processing companies, in the United States District Court for the District of Minnesota styled In re Pork Antitrust Litigation (the “Pork Antitrust Civil Litigation”). The plaintiffs allege, among other things, that beginning in January 2009, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of pork and pork products in violation of federal antitrust laws. The complaints on behalf of the putative classes of indirect purchasers also include causes of action under various state unfair competition laws, consumer protection laws, and unjust enrichment common laws. The plaintiffs seek treble damages, injunctive relief, pre- and post-judgment interest, costs, and attorneys’ fees on behalf of the putative classes. Since the original filing, certain putative class members have opted out of the matter and are proceeding with individual direct actions making similar claims, and others may try to do so in the future.
The Offices of the Attorney General in New Mexico and Alaska have filed complaints against us and certain of our pork subsidiaries, as well as several other pork processing companies and Agri Stats. The complaints are based on allegations similar to those asserted in the Pork Antitrust Civil Litigation and allege violations of state antitrust, unfair trade practice, and unjust enrichment laws based on allegations of conspiracies to exchange information and manipulate the supply of pork. On October 18, 2024, we reached a settlement with the State of Alaska to resolve all claims made against the Company for an immaterial amount. The court approved the settlement on January 7, 2025. On May 9, 2025, the Company reached an agreement in principle with the State of New Mexico to resolve all claims made against the Company for an immaterial amount. The court approved the settlement on August 11, 2025. While the Company believes it has meritorious defenses to the claims that have been made, we believe that this settlement is in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation.
In the third quarter of fiscal 2024, we filed and joined motions for summary judgment. On March 31, 2025, the court denied those summary judgment motions as to the claims against the Company. The Company anticipates multiple trials in this matter in various federal districts, with various classes of plaintiffs as well as opt-out plaintiffs, with the first trial expected to begin in fiscal 2026. While we believe we have valid and meritorious defenses to the claims that have been made in the Pork Antitrust Civil Litigation, we have entered into and are further exploring the possibility of entering into settlements with plaintiff classes and opt-out plaintiffs in the Pork Antitrust Civil Litigation and related matters as a way to avoid the uncertainty, risk, expense and distraction of protracted litigation. On April 11, 2025, the Company reached an agreement in principle with the direct purchase class plaintiffs to settle their claims in this matter for an aggregate of $50 million. On April 28, 2025, the Court granted preliminary approval of this settlement. On September 25, 2025, the Company reached an agreement with the consumer indirect purchaser class to settle their claims in this matter for an aggregate of $85 million. On November 7, 2025, the Court granted preliminary approval of this settlement. On December 31, 2025, the Company executed an agreement with the commercial and institutional indirect plaintiff class to settle their claims in this matter for an aggregate of $48 million. This agreement is subject to court approval.
At December 27, 2025 and September 27, 2025, the legal contingency accrual for claims related to the Pork Antitrust Civil Litigation matter described above was $206 million and $268 million, respectively. During the three months ended December 27, 2025, the Company increased the contingency accrual for claims related to this matter by $60 million and made $122 million of payments. During the three months ended December 28, 2024, the Company did not record any contingency accruals or make any payments for claims related to these matters. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time. However, if facts and circumstances of the matter or assumptions based on present conditions used to determine our estimated liability were to significantly change, we may be exposed to additional material losses.
Beef Antitrust Litigation and Related Matters
Beginning on April 23, 2019, a series of class action complaints were filed against us and our beef and pork subsidiary, Tyson Fresh Meats, Inc. (“Tyson Fresh Meats”), as well as other beef packer defendants, in various federal district courts, including the United States District Court for the Northern District of Illinois, the United States District Court for the District of Minnesota, and the United States District Court for the District of Kansas, by putative classes of direct purchasers, cattle ranchers, indirect purchasers, and indirect cattle producers. The putative classes in these cases allege that the defendants engaged in one or more conspiracies beginning in roughly January 2015 with the aim of reducing fed cattle prices, manipulating the price of live cattle futures and options traded on the Chicago Mercantile Exchange, artificially increasing the cost of beef, and reducing the price of cows, cattle, calves, steers or heifers. The putative classes allege that this conduct violated federal antitrust laws, the Grain Inspection, Packers and Stockyards Act of 1921, the Commodities Exchange Act, and various state unfair competition, consumer protection, and unjust enrichment laws. Their complaints seek, among other things, treble monetary damages, punitive damages, restitution, and pre- and post-judgment interest, as well as declaratory and injunctive relief. Since the original filing, certain putative class members have opted out of the matter and are proceeding with individual direct actions making similar claims, and others may do so in the future. These cases have been transferred to the United States District Court for the District of Minnesota for pretrial purposes. The fact discovery phase ended in early April 2025, and the parties are now engaged in expert discovery. Additionally, the putative classes filed motions for class certification on September 25, 2024, which remain pending before the court.
On September 29, 2025, the Company reached an agreement with the consumer indirect purchaser plaintiff class to settle their claims in this matter for an aggregate of $55 million. The Court granted preliminary approval to this settlement on December 10, 2025. On December 12, 2025, the Company reached an agreement in principle with the direct purchaser plaintiff class to settle their claims in this matter for an aggregate of $80 million plus $2.5 million in administrative expenses, subject to court approval. Also on December 12, 2025, the Company reached an agreement in principle with the commercial and institutional indirect plaintiff class to settle their claims in this matter for an aggregate of $47 million, subject to court approval.
On February 18, 2022, a putative class action was commenced against us, Tyson Fresh Meats, and other beef packer defendants in the Supreme Court of British Columbia styled Bui v. Cargill, Incorporated et al. The putative class is comprised of direct and indirect beef purchasers in Canada between January 1, 2015 and the present, and alleges that the defendants conspired to fix, maintain, increase, or control the price of beef, as well as to fix, maintain, control, prevent, or lessen the production or supply of beef. The complaint alleges a violation of the Competition Act, civil conspiracy, unjust enrichment, and a violation of the Civil Code of Québec. It seeks declarations regarding the alleged conspiracy, general damages, aggravated, exemplary, and punitive damages, injunctive relief, costs, and interest. On March 24, 2022, a putative class action was commenced against the same defendants in the Superior Court of Québec styled De Bellefeuille v. Cargill, Incorporated et al, raising substantially similar allegations and seeking compensatory damages, costs of investigation and interest.
While we believe we have valid and meritorious defenses to the claims that have been made in the Beef Antitrust Civil Litigation and related matters, we have entered into and continue to explore opportunities to reach settlements if it would be in the best interest of the Company, as doing so could avoid the uncertainty, risk, expense and distraction of protracted litigation.
We have received civil investigative demands (“CIDs”) from the DOJ’s Civil Antitrust Division. The CIDs request information related to the Company’s beef business. We continue to cooperate with the DOJ with respect to the CIDs.
At December 27, 2025 and September 27, 2025, the legal contingency accrual for claims related to the Beef Antitrust Civil Litigation matter described above was $353 million and $318 million, respectively. During the three months ended December 27, 2025, the Company increased the contingency accrual for claims related to this matter by $90 million and made $55 million of payments. During the three months ended December 28, 2024, the Company did not record any contingency accruals or make any payments for claims related to these matters. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time. However, if facts and circumstances of the matter or assumptions based on present conditions used to determine our estimated liability were to significantly change, we may be exposed to additional material losses.
Wage Rate Litigation and Related Matters
Poultry. On August 30, 2019, a putative class of non-supervisory production and maintenance employees at chicken processing plants in the continental United States filed class action complaints against us and certain of our subsidiaries, as well as several other poultry processing companies, in the United States District Court for the District of Maryland. The plaintiffs allege that the defendants directly and through a wage survey and benchmarking service exchanged information regarding labor rates in an effort to depress and fix the rates of wages for non-supervisory production and maintenance workers in violation of federal antitrust laws. Additional lawsuits making similar allegations were consolidated including an amended consolidated complaint containing additional allegations concerning turkey processing plants naming additional defendants. Following mediation, on June 14, 2024, the Company reached an agreement in principle with the putative class plaintiffs to settle all claims in the case for an aggregate amount of $115.5 million. On February 11, 2025, the court entered an order granting preliminary approval of the settlement, and on June 5, 2025, the court entered an order granting final approval of the settlement. While we believe we had valid and meritorious defenses against the allegations, we also believe that the proposed settlement is in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation. During fiscal 2025, settlement payments of the accrued amount were paid as a result of the preliminary court approval. At September 27, 2025, there was no remaining accrual related to the Poultry wage rate litigation matter described above.
In December 2025 and January 2026, three groups comprising in the aggregate of less than 300 individuals who had opted out of the Poultry wage rate litigation class filed complaints against the Company and other Poultry wage rate litigation defendants in the Circuit Courts of Barbour County and Bullock County, Alabama. The complaints repeat the essential factual allegations from the Poultry wage rate litigation but assert solely state-law claims. The Company believes it has valid and meritorious defenses against these allegations, and has not recorded any liability for these complaints as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time.
The DOJ’s Antitrust Division has opened a civil investigation into human resources at several poultry companies. We are cooperating with the investigation. The Company has not recorded any liability for this matter as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time.
Fresh Meats. On November 11, 2022, a putative class of employees at beef-processing and pork-processing plants in the continental United States filed a class action complaint against us and certain of our subsidiaries, as well as several other beef-processing and pork-processing companies, in the United States District Court for the District of Colorado. The plaintiffs allege that the defendants directly and through a wage survey and benchmarking service exchanged information regarding labor rates in an effort to depress and fix the rates of wages for employees in violation of federal antitrust laws.
On December 22, 2023, after a mediation between the parties, the Company reached an agreement in principle with the putative class plaintiffs to settle their claims against the Company. While we believe we have valid and meritorious defenses against the allegations, we believe that the proposed settlement is in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation. Under the terms of the settlement, the Company agreed to pay the putative class an aggregate amount of $72.5 million to completely resolve all claims made against the Company in this matter. The court approved the settlement on January 15, 2025, which was paid during the second quarter of fiscal 2025.
Other Matters
Our subsidiary, The Hillshire Brands Company (formerly named Sara Lee Corporation), is a party to a consolidation of cases filed by individual complainants with the Republic of the Philippines, Department of Labor and Employment and the National Labor Relations Commission (“NLRC”) from 1998 through July 1999. The complaint was filed against Aris Philippines, Inc., Sara Lee Corporation, Sara Lee Philippines, Inc., Fashion Accessories Philippines, Inc., and Attorney Cesar C. Cruz (collectively, the “respondents”). The complaint alleges, among other things, that the respondents engaged in unfair labor practices in connection with the termination of manufacturing operations in the Philippines in 1995 by Aris Philippines, Inc., a former subsidiary of The Hillshire Brands Company. In late 2004, a labor arbiter ruled against the respondents and awarded the complainants approximately $59 million in damages and fees. From 2004 through 2014, the parties filed numerous appeals, motions for reconsideration and petitions for review, certain of which remained outstanding for several years. On December 15, 2016, we learned that the NLRC rendered its decision on November 29, 2016, regarding the respondents’ appeals from the labor arbiter’s 2004 ruling in favor of the complainants. The NLRC increased the award for 4,922 of the total 5,984 complainants to approximately $253 million. However, the NLRC approved a prior settlement reached with the group comprising approximately 18% of the class of 5,984 complainants, pursuant to which The Hillshire Brands Company agreed to pay each settling complainant approximately $1,155. The parties filed numerous appeals, motions for reconsideration and petitions for review related to the NLRC award and settlement payment. The Court of Appeals of the Philippines subsequently vacated the NLRC’s award on April 12, 2018. Complainants filed motions for reconsideration with the Court of Appeals which were denied. Claimants have since filed petitions for writ of certiorari with the Supreme Court of the Philippines, which have been accepted. The Company continues to maintain an accrual in an immaterial amount for estimated probable losses for this matter in the Company’s Consolidated Financial Statements. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time.
For a tax-related matter involving the Company, refer to Part I, Item 1. Notes to the Consolidated Condensed Financial Statements, Note 8: Income Tax.
Various claims have been asserted against the Company, its subsidiaries, and its officers and agents by, and on behalf of, team members who claim to have contracted COVID-19 in our facilities. The Company has not recorded any liability for these matters as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time, because it believes the allegations in the claims are without merit and that the Company has valid and meritorious defenses against the allegations.
v3.25.4
Insider Trading Arrangements
3 Months Ended
Dec. 27, 2025
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
Director and Officer Trading Arrangements
None of the Company's directors or executive officers adopted, modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company's quarter ended December 27, 2025.
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Accounting Policies (Policy)
3 Months Ended
Dec. 27, 2025
Policy Text Block [Abstract]  
Basis Of Presentation
Basis of Presentation
The consolidated condensed financial statements are unaudited and have been prepared by Tyson Foods, Inc. (“Tyson,” “the Company,” “we,” “us” or “our”). Certain information and accounting policies and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Although we believe the disclosures contained herein are adequate to make the information presented not misleading, these consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 27, 2025. Preparation of consolidated condensed financial statements requires us to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
We believe the accompanying consolidated condensed financial statements contain all adjustments, which are of a normal recurring nature necessary to state fairly our financial position as of December 27, 2025 and the results of operations for the three months ended December 27, 2025 and December 28, 2024. Results of operations and cash flows for the periods presented are not necessarily indicative of results to be expected for the full year.
Consolidation
Consolidation
The consolidated condensed financial statements include the accounts of all wholly-owned subsidiaries, as well as majority-owned subsidiaries over which we exercise control and, when applicable, entities for which we have a controlling financial interest or variable interest entities for which we are the primary beneficiary. Intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]
Use of Estimates
The consolidated condensed financial statements are prepared in conformity with accounting principles generally accepted in the United States, which require us to make estimates and assumptions that affect the amounts reported in the consolidated condensed financial statements and accompanying notes. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
In November 2025, the Financial Accounting Standards Board (the "FASB") issued authoritative guidance to address several incremental hedge accounting issues arising from the global reference rate reform initiative. This guidance is effective for annual reporting periods beginning after December 15, 2026, our fiscal 2028, and interim reporting periods within those annual reporting periods. Amendments should be applied using a prospective approach, with the option to adopt the amendments in this update for hedging relationships that exist as of the date of adoption. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In September 2025, the FASB issued authoritative guidance to modernize the accounting for internal-use software costs including the elimination of the stage-based capitalization model and updated disclosure requirements. The guidance is effective for annual reporting periods beginning after December 15, 2027, our fiscal 2029, and interim reporting periods within those annual reporting periods. Amendments can be applied using a prospective transition approach, a modified transition approach, or a retrospective transition approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In November 2024, the FASB issued authoritative guidance to disclose certain additional expense information including, among other items, purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each Consolidated Statement of Income expense caption. The guidance is effective for annual reporting periods beginning after December 15, 2026, our fiscal 2028, and interim reporting periods within fiscal years beginning after December 15, 2027, our fiscal 2029. Amendments can be applied using either the prospective or the retrospective approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In December 2023, the FASB issued authoritative guidance to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The guidance is effective for annual reporting periods beginning after December 15, 2024, our fiscal 2026, and should be applied on a prospective basis with the option to apply retrospectively. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
Goodwill and Intangible Assets, Goodwill, Policy
Goodwill and Intangible Assets
Goodwill and indefinite life intangible assets are initially recorded at fair value and not amortized, but are reviewed for impairment at least annually, or more frequently if impairment indicators arise. The first day of the fourth quarter is our annual impairment assessment date for goodwill and indefinite life intangible assets. However, we could be required to evaluate the recoverability of goodwill and indefinite life intangible assets outside of the required annual assessment if, among other things, we experience disruptions to the business, unexpected significant declines in operating results, divestiture of a significant component of the business, sustained decline in market capitalization or significant changes in macro-economic factors such as increased interest and discount rates.
Our goodwill and indefinite life intangible assets are evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative test is necessary. If it is determined, based on qualitative factors, the fair value of the reporting unit or indefinite life intangible asset may more likely than not be less than the carrying value, or if significant changes to macro-economic factors have occurred that could materially impact fair value, a quantitative impairment test would be required. The quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit or indefinite life intangible asset with its carrying value. If the carrying value of the reporting unit or indefinite life intangible asset exceeds the fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the carrying amount of goodwill or the indefinite life intangible asset.
Our qualitative assessment for the first quarter of fiscal 2026 did not indicate that it was more likely than not the fair value of any of our reporting units or indefinite life intangible assets was less than the carrying amount, and as such, no quantitative test was deemed necessary. We consider reporting units and indefinite life intangible assets that have 20% or less excess fair value over carrying amount to have a heightened risk of impairment. One of our International reporting units, which had goodwill of $0.2 billion at December 27, 2025, was considered at heightened risk of impairment as of the date of the most recent estimated fair value determination which was in the fourth quarter of fiscal 2025. All of our other remaining reporting units and all our indefinite life intangible assets' estimated fair values exceeded their carrying values by more than 20% as of their most recent assessments. Although the remaining reporting units and indefinite life intangible assets had more than 20% excess fair value over carrying value as of the date of the most recent estimated fair value determination, they remain susceptible to impairments if any assumptions, estimates, or market factors significantly change in the future.
Some of the inherent estimates and assumptions used in determining fair value of the reporting units and indefinite life intangible assets are outside the control of management, including interest rates, cost of capital, tax rates, market EBITDA comparables and credit ratings. While we believe we have made reasonable estimates and assumptions to calculate the fair value of the reporting units, it is possible a material change could occur. If our actual results are not consistent with our estimates and assumptions used to calculate fair value, it could result in material impairments of our goodwill or indefinite life intangible assets.
v3.25.4
Inventories (Policy)
3 Months Ended
Dec. 27, 2025
Inventory Disclosure [Abstract]  
Inventory, Policy Processed products, livestock and supplies and other are valued at the lower of cost or net realizable value. Cost includes purchased raw materials, live purchase costs, livestock growout costs (primarily feed, livestock grower pay and catch and haul costs), labor and manufacturing and production overhead, which are related to the purchase and production of inventories.
v3.25.4
Inventories (Tables)
3 Months Ended
Dec. 27, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory
The following table reflects the major components of inventory (in millions):
December 27, 2025September 27, 2025
Processed products$2,853 $3,086 
Livestock1,676 1,729 
Supplies and other877 866 
Total inventory$5,406 $5,681 
v3.25.4
Property, Plant And Equipment (Tables)
3 Months Ended
Dec. 27, 2025
Property, Plant and Equipment, Net [Abstract]  
Property, Plant And Equipment And Accumulated Depreciation
The major categories of property, plant and equipment and accumulated depreciation are as follows (in millions): 
December 27, 2025September 27, 2025
Land$212 $209 
Buildings and leasehold improvements7,048 7,079 
Machinery and equipment12,054 12,015 
Land improvements and other572 575 
Buildings and equipment under construction468 509 
20,354 20,387 
Less accumulated depreciation11,290 11,183 
Net Property, Plant and Equipment$9,064 $9,204 
v3.25.4
Restructuring and Related Charges Restructuring and Related Charges (Tables)
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Restructuring Cost and Reserve [Line Items]    
Schedule of Accrued Liabilities Related to Plant Closures
The following table reflects our liability related to plant closures as of December 27, 2025 (in millions):
Balance at September 27, 2025Plant Closure ChargesPaymentsBalance at December 27, 2025
Contract termination$72 $— $(3)$69 
Severance and retention— — — — 
Total$72 $— $(3)$69 
 
Restructuring and Related Costs Related to the Network Optimization Program Restructuring Plan
The following table reflects pretax (income) expense related to the network optimization plan in the first quarter of fiscal 2026 (in millions):
BeefPorkChickenPrepared FoodsInternationalCorporate ExpensesTotal
Cost of Sales:
Severance and related costs$16 $— $$$— $— $29 
Accelerated depreciation57 — — — — — 57 
Asset write-offs12 — — — — — 12 
Contract and lease terminations— — — — 
Total Cost of Sales$85 $— $$13 $— $— $105 
Selling, General and Administrative:
Severance and related costs— 10 
Total Selling, General and Administrative$$$$$— $$10 
Non-Operating (Income)/Expense
Total$86 $$$16 $— $$117 
The following table reflects pretax expenses related to the network optimization plan in the first quarter of fiscal 2025 (in millions):
BeefPorkChickenPrepared FoodsInternationalCorporate ExpensesTotal
Cost of Sales:
Severance and related costs$$— $$$— $— $
Accelerated depreciation23 — — — — — 23 
Asset write-offs— 23 — 38 
Contract and lease terminations— — — — — 
Total Cost of Sales$32 $— $$25 $$— $71 
Selling, General and Administrative:
Severance and related costs— — — — — 
Total Selling, General and Administrative$— $— $$— $— $— $
Total$32 $— $11 $25 $$— $73 
Schedule of Accrued Liabilities Related to Network Optimization Program Restructuring Plan
The following table reflects our liability related to the network optimization plan as of December 27, 2025 (in millions):
Balance at September 27, 2025ExpensesPaymentsBalance at December 27, 2025
Contract and lease terminations$31 $24 $— $55 
Severance and related costs39 (3)39 
Total$34 $63 $(3)$94 
 
v3.25.4
Other Current Liabilities (Tables)
3 Months Ended
Dec. 27, 2025
Other Liabilities, Current [Abstract]  
Schedule Of Other Current Liabilities
Other current liabilities are as follows (in millions):
December 27, 2025September 27, 2025
Accrued salaries, wages and benefits$661 $909 
Taxes payable231 193 
Accrued current legal contingencies645 712 
Other1,034 1,065 
Total other current liabilities$2,571 $2,879 
v3.25.4
Debt (Tables)
3 Months Ended
Dec. 27, 2025
Debt Instruments [Abstract]  
Schedule of Major Components Of Debt
The major components of debt are as follows (in millions):
December 27, 2025September 27, 2025
Revolving credit facility$— $— 
Revolving term loan credit facility— — 
Commercial paper— — 
Senior notes:
4.00% Notes due March 2026 (“2026 Notes”)800 800 
3.55% Notes due June 20271,350 1,350 
7.00% Notes due January 202818 18 
4.35% Notes due March 2029 (“2029 Notes”)1,000 1,000 
5.40% Notes due March 2029600 600 
6.13% Notes due November 2032157 157 
5.70% Notes due March 2034900 900 
4.88% Notes due August 2034500 500 
5.15% Notes due August 2044497 497 
4.55% Notes due June 2047713 733 
5.10% Notes due September 2048 (“2048 Notes”)1,485 1,490 
Discount on senior notes(33)(34)
Term loan facility due May 2028— 440 
Finance Leases168 168 
Other246 251 
Unamortized debt issuance costs(39)(40)
Total debt8,362 8,830 
Less current debt909 909 
Total long-term debt$7,453 $7,921 
v3.25.4
Equity (Tables)
3 Months Ended
Dec. 27, 2025
Equity [Abstract]  
Schedule of Share Repurchase A summary of share repurchases of our Class A stock is as follows (in millions):
Three Months Ended
December 27, 2025December 28, 2024
SharesDollarsSharesDollars
Shares repurchased:
Under share repurchase program0.6 $33 — $— 
To fund certain obligations under equity compensation plans0.3 14 0.3 15 
Total share repurchases0.9 $47 0.3 $15 
v3.25.4
Earnings Per Share (Tables)
3 Months Ended
Dec. 27, 2025
Earnings Per Share [Abstract]  
Schedule Of Earnings Per Share, Basic And Diluted
The following table sets forth the earnings and weighted average common shares used in the computation of basic and diluted earnings per share (in millions, except per share data): 
Three Months Ended
December 27, 2025December 28, 2024
Numerator:
Net income$90 $366 
Less: Net income attributable to noncontrolling interests
Net income attributable to Tyson85 359 
Less dividends declared:
Class A 147 146 
Class B 32 32 
Undistributed earnings (losses)$(94)$181 
Class A undistributed earnings (losses)$(77)$148 
Class B undistributed earnings (losses)(17)33 
Total undistributed earnings (losses)$(94)$181 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares282 285 
Class B weighted average shares70 70 
Denominator for diluted earnings per share:
Class A weighted average shares282 285 
Class B weighted average shares under the if-converted method for diluted earnings per share70 70 
Effect of dilutive securities: Stock options, restricted stock and performance units
Denominator for diluted earnings per share – weighted average shares and assumed conversions354 357 
Net income per share attributable to Tyson:
Class A basic$0.25 $1.03 
Class B basic$0.22 $0.93 
Diluted$0.24 $1.01 
Dividends Declared Per Share:
Class A$0.520 $0.510 
Class B$0.468 $0.459 
v3.25.4
Derivative Financial Instruments (Tables)
3 Months Ended
Dec. 27, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Condensed Statements of Income (in millions):
Consolidated Condensed Statements of Income ClassificationThree Months Ended
December 27, 2025December 28, 2024
Cost of SalesGain (Loss) on cash flow hedges reclassified from OCI to earnings:
Commodity contracts $(9)$(11)
Gain (Loss) on fair value hedges:
Commodity contracts (a)(38)(4)
Gain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts35 8 
Total$(12)$(7)
Interest ExpenseGain (Loss) on cash flow hedges reclassified from OCI to earnings:
Interest rate contracts$ $(1)
Other, netGain (Loss) on derivatives not designated as hedging instruments:
Foreign exchange contracts$(2)$8 
(a) Amounts represent gains/(losses) on commodity contracts designated as fair value hedges of firm commitments that were realized during the period presented, which were offset by a corresponding gain/(loss) on the underlying hedged inventory. Gains or losses related to changes in the fair value of unrealized commodity contracts, along with the offsetting gain or loss on the hedged inventory, are also marked-to-market through earnings with no impact on a net basis.
Schedule of Income Statement Items Impacted by Derivatives [Table Text Block]
The following table sets forth the total amounts of each income and expense line item presented in the Consolidated Condensed Statements of Income in which the effects of hedges are recorded (in millions):
Consolidated Condensed Statements of Income ClassificationThree Months Ended
December 27, 2025December 28, 2024
Cost of Sales$13,505 $12,528 
Interest Expense104 120 
Other, net84 
Schedule of Notional Amounts of Outstanding Derivative Positions
We had the following net aggregated outstanding notional amounts related to our derivative financial instruments:
in millions, except soybean meal tonsMetricDecember 27, 2025September 27, 2025
Commodity:
CornBushels133 93 
Soybean MealTons1,213,447 1,221,711 
Live CattlePounds109 30 
Lean HogsPounds466 828 
Foreign CurrencyUnited States dollar$141 $208 
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) The following table sets forth the pretax impact of cash flow hedge derivative instruments recognized in OCI (in millions):
Three Months Ended
Gain (Loss) Recognized in OCI on DerivativesDecember 27, 2025December 28, 2024
Cash flow hedge - derivatives designated as hedging instruments:
Commodity contracts$20 $(8)
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] The following table sets forth the carrying amount of fair value hedge (assets) liabilities as of December 27, 2025 and September 27, 2025 (in millions):
Consolidated Condensed Balance Sheets ClassificationDecember 27, 2025September 27, 2025
Inventory$(8)$65 
v3.25.4
Fair Value Measurements (Tables)
3 Months Ended
Dec. 27, 2025
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis
The following tables set forth, by level within the fair value hierarchy, our financial assets and liabilities accounted for at fair value on a recurring basis, according to the valuation techniques we used to determine their fair values (in millions): 
December 27, 2025Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $42 $— $(9)$33 
Undesignated — 52 — (10)42 
Other Assets:
Available-for-sale securities (non-current)— 90 28 — 118 
Deferred compensation assets20 517 — — 537 
Total assets$20 $701 $28 $(19)$730 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $13 $— $(13)$— 
Undesignated — 49 — (34)15 
Total liabilities$— $62 $— $(47)$15 
September 27, 2025Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $$— $(1)$
Undesignated — 113 — (20)93 
Other Assets:
Available-for-sale securities (non-current)— 90 27 — 117 
Deferred compensation assets21 501 — — 522 
Total assets$21 $710 $27 $(21)$737 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $82 $— $(82)$— 
Undesignated — 135 — (126)
Total liabilities$— $217 $— $(208)$
(a) Our derivative assets and liabilities are presented in our Consolidated Condensed Balance Sheets on a net basis when a legally enforceable master netting arrangement exists between the counterparty to a derivative contract and us. Additionally, at December 27, 2025, and September 27, 2025, we had $28 million and $187 million, respectively, of net cash collateral with various counterparties where master netting arrangements exist and held no cash collateral.
Schedule Of Debt Securities Measured At Fair Value On A Recurring Basis, Unobservable Input Reconciliation
The following table provides a reconciliation between the beginning and ending balance of marketable debt securities measured at fair value on a recurring basis in the table above that used significant unobservable inputs (Level 3) (in millions): 
Three Months Ended
December 27, 2025December 28, 2024
Balance at beginning of year$27 $28 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)— — 
Purchases— 
Issuances— — 
Settlements(2)(3)
Balance at end of period$28 $25 
Total gains (losses) for the three month period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at end of period
$— $— 
Schedule Of Available For Sale Securities
The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):
December 27, 2025September 27, 2025
Amortized
Cost Basis
Fair
Value
Unrealized
Gain (Loss)
Amortized
Cost Basis
Fair
Value
Unrealized
Gain (Loss)
Available-for-sale securities:
Debt securities:
U.S. treasury and agency$91 $90 $(1)$91 $90 $(1)
Corporate and asset-backed28 28 — 27 27 — 
Schedule Of Fair Value And Carrying Value Of Debt
Fair value of our debt is principally estimated using Level 2 inputs based on quoted prices for those or similar instruments. Fair value and carrying value for our debt are as follows (in millions):
December 27, 2025September 27, 2025
Fair ValueCarrying ValueFair ValueCarrying Value
Total debt$8,232 $8,362 $8,658 $8,830 
Debt Securities, Available-for-sale
The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):
December 27, 2025September 27, 2025
Amortized
Cost Basis
Fair
Value
Unrealized
Gain (Loss)
Amortized
Cost Basis
Fair
Value
Unrealized
Gain (Loss)
Available-for-sale securities:
Debt securities:
U.S. treasury and agency$91 $90 $(1)$91 $90 $(1)
Corporate and asset-backed28 28 — 27 27 — 
v3.25.4
Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Dec. 27, 2025
Equity [Abstract]  
Components Of Other Comprehensive Income (Loss) OTHER COMPREHENSIVE INCOME (LOSS)
The before and after-tax changes in the components of other comprehensive income (loss) are as follows (in millions):
Three Months Ended
December 27, 2025December 28, 2024
Before TaxTaxAfter TaxBefore TaxTaxAfter Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to interest expense$— $— $— $$— $
(Gain) loss reclassified to cost of sales(3)11 (3)
Unrealized gain (loss)20 (5)15 (8)(6)
Investments:
Unrealized gain (loss)— — — (2)— (2)
Currency translation:
Translation adjustment(a)
33 (1)32 (112)(108)
Translation loss reclassified to cost of sales— — — — 
Total other comprehensive income (loss)$62 $(9)$53 $(107)$$(104)
(a) Before and after tax translation adjustment for the three months ended December 27, 2025 and December 28, 2024 included $5 million and $(7) million of Comprehensive Income (Loss) Attributable to Noncontrolling Interests, respectively.
v3.25.4
Segment Reporting (Tables)
3 Months Ended
Dec. 27, 2025
Segment Reporting [Abstract]  
Segment Reporting Information, By Segment
Information on segments and a reconciliation to income (loss) before income taxes are as follows (in millions): 
Three months ended December 27, 2025
BeefPorkChickenPrepared FoodsInternationalIntersegmentTotal
Sales(a)
$5,771 $1,609 $4,212 $2,673 $582 $(534)$14,313 
Segment Cost of Sales5,982 1,551 3,653 2,228 510 (534)
Segment Selling, General and Administrative22 100 107 26 — 
Restructuring and related charges86 16 — — 
Legal contingency accruals— — — — — 
Segment Operating Income (Loss)$(319)$50 $450 $322 $41 $— $544 
Corporate expenses(b)
(188)
Amortization(54)
Operating Income (Loss)$302 
Other (Income) Expense:
Interest income$(13)
Interest expense104 
Other, net84 
Income (Loss) before Income Taxes$127 
BeefPorkChickenPrepared FoodsInternationalUnallocated (Corporate)Total
Other segment information:
Depreciation$90 $15 $131 $59 $15 $$319 
Total Assets3,621 1,455 11,870 14,617 1,828 2,628 36,019 
Additions to property, plant and equipment28 13 151 46 11 252 
Three months ended December 28, 2024
BeefPorkChickenPrepared FoodsInternationalIntersegmentTotal
Sales$5,335 $1,617 $4,065 $2,473 $584 $(451)$13,623 
Segment Cost of Sales5,305 1,536 3,484 2,064 513 (451)
Segment Selling, General and Administrative24 110 87 25 — 
Restructuring and related charges32 — 11 25 — 
Segment Operating Income (Loss)$(26)$73 $460 $297 $41 $— $845 
Corporate expenses(201)
Amortization(c)
(64)
Operating Income (Loss)$580 
Other (Income) Expense:
Interest income$(25)
Interest expense120 
Other, net
Income (Loss) before Income Taxes$478 
BeefPorkChickenPrepared FoodsInternationalUnallocated (Corporate)Total
Other segment information:
Depreciation$54 $14 $129 $62 $14 $$281 
Total Assets3,608 1,523 11,892 14,847 1,774 3,666 37,310 
Additions to property, plant and equipment32 19 143 43 13 21 271 
(a) Includes $90 million and $60 million of legal contingency accruals for the Beef and Pork segments, respectively.
(b) Includes $3 million of restructuring and related charges.
(c) Includes $6 million of accelerated amortization related to brand and product line discontinuations.
Disaggregation of Revenue, By Segment and Distribution Channel
The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Three months ended December 27, 2025
Retail(d)
Foodservice(e)
International(f)
Industrial and Other(g)
Total External CustomersIntersegmentTotal
Beef$2,902 $1,604 $542 $575 $5,623 $148 $5,771 
Pork503 170 357 220 1,250 359 1,609 
Chicken1,767 1,648 267 507 4,189 23 4,212 
Prepared Foods1,587 943 66 73 2,669 2,673 
International— — 582 — 582 — 582 
Intersegment— — — — — (534)(534)
Total$6,759 $4,365 $1,814 $1,375 $14,313 $— $14,313 
Three months ended December 28, 2024
Retail(d)
Foodservice(e)
International(f)
Industrial and Other(g)
Total External CustomersIntersegmentTotal
Beef$2,657 $1,366 $655 $549 $5,227 $108 $5,335 
Pork553 126 331 285 1,295 322 1,617 
Chicken1,658 1,652 269 465 4,044 21 4,065 
Prepared Foods1,472 894 57 50 2,473 — 2,473 
International— — 584 — 584 — 584 
Intersegment— — — — — (451)(451)
Total$6,340 $4,038 $1,896 $1,349 $13,623 $— $13,623 
(d) Includes external sales to consumer products and food retailers, such as grocery retailers, warehouse club stores and internet-based retailers.
(e) Includes external sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(f) Includes external sales to international markets for internationally produced products or export sales of domestically produced products.
(g) Includes external sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories. Additionally, during the three months ended December 27, 2025, Beef and Pork segments included a $90 million and $60 million reduction in Other, respectively, due to the recognition of legal contingency accruals.
v3.25.4
Accounting Policies Changes in Accounting Principles (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Sep. 27, 2025
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Selling, General and Administrative $ 506 $ 515  
Operating Income (Loss) 302 580  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 127 478  
Income Tax Expense 37 112  
Net Income 90 366  
Net income attributable to Tyson $ 85 $ 359  
Diluted (USD per share) $ 0.24 $ 1.01  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 143 $ 262  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 133 262  
Inventory, Net 5,406   $ 5,681
Assets, Current 9,512   9,916
Assets 36,019 37,310 36,658
Deferred Income Taxes 2,205   2,195
Retained earnings (18,553)   (18,647)
Total Tyson Shareholders’ Equity 18,023   18,085
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 18,163 18,627 18,227
Liabilities and Equity 36,019   36,658
Deferred income taxes 0 (2)  
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital 313 241  
Restricted Cash 0 $ 0  
Goodwill $ 9,474   $ 9,469
Indefinite-Lived Intangibles, Percentage of Fair Value in Excess of Carrying Amount 20.00%    
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount 20.00%    
International Reporting Unit      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Goodwill $ 200    
Class A [Member]      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Basic (USD per share) $ 0.25 $ 1.03  
Class B [Member]      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Basic (USD per share) $ 0.22 $ 0.93  
v3.25.4
Acquisitions and Dispositions (Details) - USD ($)
$ in Millions
Dec. 27, 2025
Sep. 27, 2025
Business Combination [Line Items]    
Goodwill $ 9,474 $ 9,469
v3.25.4
Inventories (Schedule Of Inventory) (Details) - USD ($)
$ in Millions
Dec. 27, 2025
Sep. 27, 2025
Inventory Disclosure [Abstract]    
Processed products $ 2,853 $ 3,086
Livestock 1,676 1,729
Supplies and other 877 866
Total inventory 5,406 5,681
Inventory [Line Items]    
Inventory Valuation Reserves $ 166 $ 138
v3.25.4
Property, Plant And Equipment (Details) - USD ($)
$ in Millions
Dec. 27, 2025
Sep. 27, 2025
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 20,354 $ 20,387
Less accumulated depreciation 11,290 11,183
Net Property, Plant and Equipment 9,064 9,204
Land    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 212 209
Buildings and leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 7,048 7,079
Machinery and equipment    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 12,054 12,015
Land improvements and other    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 572 575
Buildings and equipment under construction    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 468 $ 509
v3.25.4
Restructuring and Related Charges Restructuring (Details) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 15 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 27, 2025
Sep. 27, 2025
Restructuring Cost and Reserve [Line Items]        
Business Exit Liability $ 69   $ 69 $ 72
Plant Closure Payment (3)      
Plant Closure Charges 0      
Net Property, Plant and Equipment 9,064   9,064 9,204
Proceeds from Sale of Property, Plant, and Equipment $ 42 $ 0    
Share-based Payment Arrangement [Member]        
Restructuring Cost and Reserve [Line Items]        
Antidilutive securities excluded from computation of earnings per share, shares 6 5    
Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost $ 117 $ 73    
Restructuring Reserve 94   94 34
Payments for Restructuring 3      
Proceeds from Sale of Property, Plant, and Equipment 42   294  
Restructuring And Related Cost, Net Cost 117      
Restructuring and Related Cost, Expected Cost 226   226  
Restructuring and Related Cost, Expected Cost Remaining 64   64  
Restructuring and Related Cost, Cost Incurred to Date 162   162  
Restructuring Costs 63      
Restructuring And Related Cost Expected Cost Remaining1 44   44  
Network Optimization Plan | Additions to Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 140      
Network Optimization Plan | Restructuring and Related Cost, Cash Outflows        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost   29    
Restructuring And Related Cost, Net Cost 57      
Restructuring and Related Cost, Expected Cost 148   148  
Network Optimization Plan | Restructuring and Related Cost, Non-Cash Charges        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost   44    
Restructuring And Related Cost, Net Cost 60      
Restructuring and Related Cost, Expected Cost 185   185  
Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 105 71    
Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 10 2    
Nonoperating Income (Expense) | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 2      
Employee Severance [Member]        
Restructuring Cost and Reserve [Line Items]        
Business Exit Liability 0   0 0
Plant Closure Payment 0      
Plant Closure Charges 0      
Employee Severance [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring Reserve 39   39 3
Payments for Restructuring 3      
Restructuring Costs 39      
Employee Severance [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 29 9    
Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 10 2    
Accelerated Depreciation | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 57 23    
Contract Termination        
Restructuring Cost and Reserve [Line Items]        
Business Exit Liability 69   69 72
Plant Closure Payment (3)      
Plant Closure Charges 0      
Contract Termination | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring Reserve 55   55 $ 31
Payments for Restructuring 0      
Restructuring Costs 24      
Contract Termination | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 7 1    
Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 12 38    
Gain on Sale of Property, Plant, and Equipment [Domain] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Expected Cost 107   $ 107  
Beef [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 86 32    
Beef [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 85 32    
Beef [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 1 0    
Beef [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 16 5    
Beef [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 1 0    
Beef [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 57 23    
Beef [Member] | Contract Termination | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 1    
Beef [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 12 3    
Pork [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 1 0    
Pork [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
Pork [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 1 0    
Pork [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
Pork [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 1 0    
Pork [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
Pork [Member] | Contract Termination | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
Pork [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
Chicken [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 9 11    
Chicken [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 7 9    
Chicken [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 2 2    
Chicken [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 4 2    
Chicken [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 2 2    
Chicken [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
Chicken [Member] | Contract Termination | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 3 0    
Chicken [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 7    
Prepared Foods [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 16 25    
Prepared Foods [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 13 25    
Prepared Foods [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 3 0    
Prepared Foods [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 9 2    
Prepared Foods [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 3 0    
Prepared Foods [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
Prepared Foods [Member] | Contract Termination | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 4 0    
Prepared Foods [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 23    
International | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 5    
International | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 5    
International | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
International | Employee Severance [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
International | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
International | Accelerated Depreciation | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
International | Contract Termination | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
International | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 5    
Corporate Segment | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 3 0    
Corporate Segment | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0 0    
Corporate Segment | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 3 0    
Corporate Segment | Employee Severance [Member] | Cost of Sales        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0      
Corporate Segment | Employee Severance [Member] | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost   0    
Corporate Segment | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 3 0    
Corporate Segment | Accelerated Depreciation | Cost of Sales        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0      
Corporate Segment | Accelerated Depreciation | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost   0    
Corporate Segment | Contract Termination | Cost of Sales        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost 0      
Corporate Segment | Contract Termination | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost   0    
Corporate Segment | Asset Impairment and Write-offs | Cost of Sales        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost $ 0      
Corporate Segment | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan        
Restructuring Cost and Reserve [Line Items]        
Restructuring and Related Cost, Incurred Cost   $ 0    
v3.25.4
Other Current Liabilities (Schedule of Other Current Liabilities) (Details) - USD ($)
$ in Millions
Dec. 27, 2025
Sep. 27, 2025
Other Liabilities, Current [Abstract]    
Accrued salaries, wages and benefits $ 661 $ 909
Taxes Payable 231 193
Loss Contingency Accrual 645 712
Other 1,034 1,065
Other current liabilities $ 2,571 $ 2,879
v3.25.4
Debt (Major Components Of Debt) (Details) - USD ($)
3 Months Ended
Dec. 27, 2025
Sep. 27, 2025
Debt Instrument [Line Items]    
Document Period End Date Dec. 27, 2025  
Finance Lease, Liability $ 168,000,000 $ 168,000,000
Discount on senior notes (33,000,000) (34,000,000)
Other 246,000,000 251,000,000
Unamortized debt issuance costs (39,000,000) (40,000,000)
Total debt 8,362,000,000 8,830,000,000
Less current debt 909,000,000 909,000,000
Less current debt 7,453,000,000 7,921,000,000
Revolving Credit Facility [Member]    
Debt Instrument [Line Items]    
Revolving credit facility 0 0
Commercial paper    
Debt Instrument [Line Items]    
Commercial paper 0 0
us-gaap_RevolvingTermLoanCreditFacilityMember    
Debt Instrument [Line Items]    
Revolving credit facility $ 0 0
4.00% Notes due March 2026 (“2026 Notes”)    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.00%  
Long-term Debt, Gross $ 800,000,000 800,000,000
3.55% Notes due June 2027    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 3.55%  
Long-term Debt, Gross $ 1,350,000,000 1,350,000,000
7.00% Notes due January 2028    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 7.00%  
Long-term Debt, Gross $ 18,000,000 18,000,000
4.35% Notes due March 2029 (“2029 Notes”)    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.35%  
Long-term Debt, Gross $ 1,000,000,000 1,000,000,000
6.13% Notes due November 2032    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.13%  
Long-term Debt, Gross $ 157,000,000 157,000,000
4.88% Notes due August 2034    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.88%  
Long-term Debt, Gross $ 500,000,000 500,000,000
5.15% Notes due August 2044    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.15%  
Long-term Debt, Gross $ 497,000,000 497,000,000
4.55% Notes due June 2047    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.55%  
Long-term Debt, Gross $ 713,000,000 733,000,000
5.10% Notes due September 2048 (“2048 Notes”)    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.10%  
Long-term Debt, Gross $ 1,485,000,000 1,490,000,000
Term Loan Facility Due May 2028    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.18%  
Long-term Debt, Gross $ 0 440,000,000
Five Point Four Zero Percentage Senior Notes Due March, Two Thousand and Twenty Nine    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.40%  
Long-term Debt, Gross $ 600,000,000 600,000,000
Five Point Seven Zero Percentage Senior Unsecured Notes Due March, Two Thousand and Thirty Four    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.70%  
Long-term Debt, Gross $ 900,000,000 $ 900,000,000
v3.25.4
Debt (Narrative) (Details) - USD ($)
3 Months Ended
Dec. 12, 2025
Dec. 27, 2025
Sep. 27, 2025
Apr. 15, 2025
Debt Instrument [Line Items]        
Document Period End Date   Dec. 27, 2025    
Debt Instrument, Unamortized Discount   $ 33,000,000 $ 34,000,000  
Term Loan Facility Due May 2028        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 0 440,000,000  
Debt Instrument, Interest Rate, Stated Percentage   6.18%    
Repayments of Lines of Credit $ 440,000,000      
Five Point Four Zero Percentage Senior Notes Due March, Two Thousand and Twenty Nine        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 600,000,000 600,000,000  
Debt Instrument, Interest Rate, Stated Percentage   5.40%    
Five Point Seven Zero Percentage Senior Unsecured Notes Due March, Two Thousand and Thirty Four        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 900,000,000 900,000,000  
Debt Instrument, Interest Rate, Stated Percentage   5.70%    
4.00% Notes due March 2026 (“2026 Notes”)        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 800,000,000 800,000,000  
Debt Instrument, Interest Rate, Stated Percentage   4.00%    
3.55% Notes due June 2027        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 1,350,000,000 1,350,000,000  
Debt Instrument, Interest Rate, Stated Percentage   3.55%    
7.00% Notes due January 2028        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 18,000,000 18,000,000  
Debt Instrument, Interest Rate, Stated Percentage   7.00%    
4.35% Notes due March 2029 (“2029 Notes”)        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 1,000,000,000 1,000,000,000  
Debt Instrument, Interest Rate, Stated Percentage   4.35%    
6.13% Notes due November 2032        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 157,000,000 157,000,000  
Debt Instrument, Interest Rate, Stated Percentage   6.13%    
4.88% Notes due August 2034        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 500,000,000 500,000,000  
Debt Instrument, Interest Rate, Stated Percentage   4.88%    
5.15% Notes due August 2044        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 497,000,000 497,000,000  
Debt Instrument, Interest Rate, Stated Percentage   5.15%    
4.55% Notes due June 2047        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 713,000,000 733,000,000  
Debt Instrument, Interest Rate, Stated Percentage   4.55%    
5.10% Notes due September 2048 (“2048 Notes”)        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 1,485,000,000 1,490,000,000  
Debt Instrument, Interest Rate, Stated Percentage   5.10%    
Senior Notes        
Debt Instrument [Line Items]        
Extinguishment of Debt, Amount   $ 25,000,000    
Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Maximum borrowing capacity   2,500,000,000    
Amount available for borrowing under credit facility   2,500,000,000    
Revolving credit facility   0 0  
Line of Credit Facility, Contingent Additional Borrowing Capacity       $ 500,000,000
Standby Letters of Credit [Member]        
Debt Instrument [Line Items]        
Letters of Credit Outstanding, Amount   0    
Bilateral Letters Of Credit [Member]        
Debt Instrument [Line Items]        
Letters of Credit Outstanding, Amount   82,000,000    
Commercial paper        
Debt Instrument [Line Items]        
Maximum borrowing capacity   1,750,000,000    
Commercial paper   0 0  
us-gaap_RevolvingTermLoanCreditFacilityMember        
Debt Instrument [Line Items]        
Maximum borrowing capacity $ 750,000,000      
Revolving credit facility   $ 0 $ 0  
v3.25.4
Equity (Schedule of Share Repurchases) (Details) - Class A [Member] - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Class of Stock [Line Items]    
Treasury Stock, Shares, Acquired 0.9 0.3
Payments for Repurchase of Common Stock $ 47 $ 15
Under share repurchase program    
Class of Stock [Line Items]    
Treasury Stock, Shares, Acquired 0.6 0.0
Payments for Repurchase of Common Stock $ 33 $ 0
To fund certain obligations under equity compensation plans    
Class of Stock [Line Items]    
Treasury Stock, Shares, Acquired 0.3 0.3
Payments for Repurchase of Common Stock $ 14 $ 15
v3.25.4
Equity (Narrative) (Details) - shares
shares in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Share-based Payment Arrangement [Member]    
Class of Stock [Line Items]    
Antidilutive securities excluded from computation of earnings per share, shares 6.0 5.0
Class A [Member]    
Class of Stock [Line Items]    
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased 46.6  
v3.25.4
Income Taxes (Details)
$ in Millions, $ in Millions
1 Months Ended 3 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 27, 2025
USD ($)
Dec. 28, 2024
USD ($)
Sep. 27, 2025
USD ($)
Income Tax Disclosure [Abstract]          
Effective tax rate for continuing operations     29.70% 23.50%  
Unrecognized tax benefits     $ 165   $ 168
Income Tax Examination [Line Items]          
Effective Income Tax Rate Reconciliation, Percent     29.70% 23.50%  
Currency translation     $ 32 $ (105)  
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest          
Income Tax Examination [Line Items]          
Currency translation     $ 5 (7)  
Netherlands Tax Legistlation          
Income Tax Examination [Line Items]          
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount       $ 9  
Mexican Tax Authority | Tax Year 2015          
Income Tax Disclosure [Abstract]          
Income Tax Examination, Estimate of Possible Loss $ 519 $ 9,300      
Income Tax Examination [Line Items]          
Income Tax Examination, Estimate of Possible Loss $ 519 $ 9,300      
v3.25.4
Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Earnings Per Share, Basic and Diluted [Line Items]    
Net Income $ 90 $ 366
Less: Net Income Attributable to Noncontrolling Interests 5 7
Net income attributable to Tyson 85 359
Undistributed earnings (losses) $ (94) $ 181
Effect of dilutive securities: Stock options, restricted stock and performance units 2 2
Denominator for diluted earnings per share – weighted average shares and assumed conversions 354 357
Diluted $ 0.24 $ 1.01
Share-based Payment Arrangement [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Antidilutive securities excluded from computation of earnings per share, shares 6 5
Class A [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Less dividends declared: $ 147 $ 146
Undistributed earnings (losses) $ (77) $ 148
Weighted average number of shares outstanding - Basic 282 285
Net Income Per Share Attributable to Tyson - Basic $ 0.25 $ 1.03
Common Stock, Dividends, Per Share, Declared $ 0.520 $ 0.510
Class B [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Less dividends declared: $ 32 $ 32
Undistributed earnings (losses) $ (17) $ 33
Weighted average number of shares outstanding - Basic 70 70
Net Income Per Share Attributable to Tyson - Basic $ 0.22 $ 0.93
Common Stock, Dividends, Per Share, Declared $ 0.468 $ 0.459
v3.25.4
Earnings Per Share (Narrative) (Details)
shares in Millions
3 Months Ended
Dec. 27, 2025
Classes
shares
Dec. 28, 2024
shares
Earnings Per Share, Basic and Diluted [Line Items]    
Number Of Classes Of Common Stock | Classes 2  
Percentage amount of per share cash dividends paid to holders of Class B stock that cannot exceed paid to holders of Class A stock 90.00%  
Class A [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Undistributed earnings (losses), ratio used to calculate allocation to class of stock 1.0  
Class B [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Undistributed earnings (losses), ratio used to calculate allocation to class of stock 0.9  
Share-based Payment Arrangement [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Antidilutive securities excluded from computation of earnings per share, shares | shares 6 5
v3.25.4
Derivative Financial Instruments (Aggregate Outstanding Notionals) (Details)
lb in Millions, bu in Millions, $ in Millions
Dec. 27, 2025
USD ($)
lb
T
bu
Sep. 27, 2025
USD ($)
lb
T
bu
Corn (in bushels)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | bu 133 93
Soy Meal (in tons)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | T 1,213,447 1,221,711
Live Cattle (in pounds)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount 109 30
Lean Hogs (in pounds)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount 466 828
Foreign Currency [Member]    
Derivative [Line Items]    
Derivative, Notional Amount | $ $ 141 $ 208
v3.25.4
Derivative Financial Instruments (Pretax Impact Of Cash Flow Hedge Derivative Instruments On The Consolidated Statements Of Income) (Details)
$ in Millions
3 Months Ended
Dec. 27, 2025
USD ($)
Commodity contracts  
Derivative [Line Items]  
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months $ 8
v3.25.4
Derivative Financial Instruments (Pretax Impact Of Fair Value Hedge Derivative Instruments On The Consolidated Statements of Income) (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Sep. 27, 2025
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (12) $ (7)  
Fair Value Hedging [Member]      
Derivative [Line Items]      
Derivative Assets (Liabilities), at Fair Value, Net $ (8)   $ 65
v3.25.4
Derivative Financial Instruments (Pretax Impact Of Undesignated Derivative Instruments On The Consolidated Statements Of Income) (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Derivative [Line Items]    
Cost of Sales $ 13,505 $ 12,528
Other Nonoperating Income (Expense) 84 7
Interest Expense, Nonoperating $ 104 $ 120
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ (12) $ (7)
Not Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ 35 $ 8
Not Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)
Derivative, Gain (Loss) on Derivative, Net $ (2) $ 8
Fair Value Hedging [Member] | Commodity contracts    
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ (38) $ (4)
Cash Flow Hedging [Member] | Commodity contracts    
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ (9) $ (11)
Cash Flow Hedging [Member] | Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Expense, Nonoperating Interest Expense, Nonoperating
Derivative, Gain (Loss) on Derivative, Net $ 0 $ (1)
v3.25.4
Derivative Financial Instruments (Narrative) (Details)
$ in Millions
Dec. 27, 2025
USD ($)
Treasury Rate Locks  
Derivative [Line Items]  
Cash Flow Hedge Gain (Loss) to be Reclassified Over Life of Forecasted Fixed-Rate Debt $ (9)
v3.25.4
Derivative Financial Instruments Pretax Impact on OCI (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ (12) $ (7)
Commodity contracts | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ 35 $ 8
Cash Flow Hedging [Member] | Commodity contracts    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ (9) $ (11)
v3.25.4
Fair Value Measurements (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Sep. 27, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Collateral, Right to Reclaim Cash, Offset $ 28 $ 187
Other income/expense | Corporate and Other [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Asset Impairment Charges 75  
Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Netting (19) (21)
Total assets 730 737
Derivative Liability, Netting (47) (208)
Total liabilities 15 9
Fair Value, Recurring [Member] | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets 20 21
Total liabilities 0 0
Fair Value, Recurring [Member] | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets 701 710
Total liabilities 62 217
Fair Value, Recurring [Member] | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets 28 27
Total liabilities 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Netting (9) (1)
Derivative Asset, Subject to Master Netting Arrangement, after Offset 33 5
Other Current Assets [Member] | Fair Value, Recurring [Member] | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Netting (10) (20)
Derivative Asset, Subject to Master Netting Arrangement, after Offset 42 93
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 1 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 1 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 2 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 42 6
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 2 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 52 113
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 0 0
Other Assets [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation assets 537 522
Debt Securities, Available-for-Sale, Noncurrent 118 117
Other Assets [Member] | Fair Value, Recurring [Member] | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation assets 20 21
Debt Securities, Available-for-Sale, Noncurrent 0 0
Other Assets [Member] | Fair Value, Recurring [Member] | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation assets 517 501
Debt Securities, Available-for-Sale, Noncurrent 90 90
Other Assets [Member] | Fair Value, Recurring [Member] | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation assets 0 0
Debt Securities, Available-for-Sale, Noncurrent 28 27
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, after Offset 0 0
Derivative Liability, Netting (13) (82)
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, after Offset 15 9
Derivative Liability, Netting (34) (126)
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 1 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 1 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 2 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 13 82
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 2 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 49 135
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 3 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 3 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset $ 0 $ 0
v3.25.4
Fair Value Measurements (Schedule Of Debt Securities Measured At Fair Value On A Recurring Basis, Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of year $ 27 $ 28
Total unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases 3 0
Issuances 0 0
Settlements (2) (3)
Balance at end of period 28 25
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) $ 0 $ 0
v3.25.4
Fair Value Measurements (Schedule Of Available For Sale Securities) (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Sep. 27, 2025
Maximum [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available For Sale Securities Debt Maturity Period 43 years  
Short Term Investment Maturity Period 12 months  
Other Assets [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Noncurrent $ 118 $ 117
Other Assets [Member] | Level 1 | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Noncurrent 0 0
Other Assets [Member] | Level 2 | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Noncurrent 90 90
Other Assets [Member] | Level 3 | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Noncurrent 28 27
U.S. treasury and agency    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax (1) (1)
Debt Securities, Available-for-sale 90 90
Debt Securities, Available-for-Sale, Amortized Cost, Total 91 91
Corporate and asset-backed    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax 0 0
Debt Securities, Available-for-sale 28 27
Debt Securities, Available-for-Sale, Amortized Cost, Total $ 28 $ 27
v3.25.4
Fair Value Measurements (Schedule Of Fair Value And Carrying Value Of Debt) (Details) - USD ($)
$ in Millions
Dec. 27, 2025
Sep. 27, 2025
Fair Value Disclosures [Abstract]    
Total Debt, Fair Value $ 8,232 $ 8,658
Total Debt, Carrying Value $ 8,362 $ 8,830
v3.25.4
Fair Value Measurement (Narrative) (Details)
3 Months Ended
Dec. 27, 2025
Maximum [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Short Term Investment Maturity Period 12 months
v3.25.4
Other Comprehensive Income (Loss) (Components Of Other Comprehensive Income (Loss)) (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Other Comprehensive Income Loss [Line Items]    
Total Other Comprehensive Income (Loss), Before Tax $ 62 $ (107)
Total Other Comprehensive Income (Loss), Tax (9) 3
Total Other Comprehensive Income (Loss), Net of Taxes 53 (104)
Currency translation 32 (105)
Commodity contracts | Cash Flow Hedging [Member]    
Other Comprehensive Income Loss [Line Items]    
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax 20 (8)
Derivatives accounted for as cash flow hedges:    
Other Comprehensive Income Loss [Line Items]    
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax 20 (8)
Other Comprehensive Income (Loss) before Reclassifications, Tax (5) 2
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 15 (6)
Derivatives accounted for as cash flow hedges: | Interest Expense [Member]    
Other Comprehensive Income Loss [Line Items]    
Reclassification from Accumulated Other Comprehensive Income, Before Tax 0 1
Reclassification from AOCI, Current Period, Tax 0 0
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 0 1
Derivatives accounted for as cash flow hedges: | Cost of Sales    
Other Comprehensive Income Loss [Line Items]    
Reclassification from Accumulated Other Comprehensive Income, Before Tax 9 11
Reclassification from AOCI, Current Period, Tax (3) (3)
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 6 8
Investments:    
Other Comprehensive Income Loss [Line Items]    
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax 0 (2)
Other Comprehensive Income (Loss) before Reclassifications, Tax 0 0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 0 (2)
Currency translation:    
Other Comprehensive Income Loss [Line Items]    
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax 33 (112)
Other Comprehensive Income (Loss) before Reclassifications, Tax (1) 4
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 32 (108)
Currency translation: | Cost of Sales    
Other Comprehensive Income Loss [Line Items]    
Reclassification from Accumulated Other Comprehensive Income, Before Tax 0 3
Reclassification from AOCI, Current Period, Tax 0 0
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 0 3
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest    
Other Comprehensive Income Loss [Line Items]    
Currency translation 5 (7)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax $ 5 $ (7)
v3.25.4
Segment Reporting (Segment Reporting Information, By Segment) (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Sep. 27, 2025
Segment Reporting Information [Line Items]      
Revenues $ 14,313 $ 13,623  
Operating Income (Loss) 302 580  
Income before income taxes 127 478  
Depreciation 319 281  
Assets 36,019 37,310 $ 36,658
Segment, Expenditure, Addition to Long-Lived Assets 252 271  
Segment Reporting Information, Operating Income (Loss) [Abstract] 544 845  
General Corporate Expenses 188 201  
Amortization (54) (64)  
Loss Contingency Accrual 645   712
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Investment Income, Interest (13) (25)  
Interest Expense, Nonoperating 104 120  
Other Nonoperating Income (Expense) $ 84 7  
Segment Reporting Information, By Segment
Information on segments and a reconciliation to income (loss) before income taxes are as follows (in millions): 
Three months ended December 27, 2025
BeefPorkChickenPrepared FoodsInternationalIntersegmentTotal
Sales(a)
$5,771 $1,609 $4,212 $2,673 $582 $(534)$14,313 
Segment Cost of Sales5,982 1,551 3,653 2,228 510 (534)
Segment Selling, General and Administrative22 100 107 26 — 
Restructuring and related charges86 16 — — 
Legal contingency accruals— — — — — 
Segment Operating Income (Loss)$(319)$50 $450 $322 $41 $— $544 
Corporate expenses(b)
(188)
Amortization(54)
Operating Income (Loss)$302 
Other (Income) Expense:
Interest income$(13)
Interest expense104 
Other, net84 
Income (Loss) before Income Taxes$127 
BeefPorkChickenPrepared FoodsInternationalUnallocated (Corporate)Total
Other segment information:
Depreciation$90 $15 $131 $59 $15 $$319 
Total Assets3,621 1,455 11,870 14,617 1,828 2,628 36,019 
Additions to property, plant and equipment28 13 151 46 11 252 
Three months ended December 28, 2024
BeefPorkChickenPrepared FoodsInternationalIntersegmentTotal
Sales$5,335 $1,617 $4,065 $2,473 $584 $(451)$13,623 
Segment Cost of Sales5,305 1,536 3,484 2,064 513 (451)
Segment Selling, General and Administrative24 110 87 25 — 
Restructuring and related charges32 — 11 25 — 
Segment Operating Income (Loss)$(26)$73 $460 $297 $41 $— $845 
Corporate expenses(201)
Amortization(c)
(64)
Operating Income (Loss)$580 
Other (Income) Expense:
Interest income$(25)
Interest expense120 
Other, net
Income (Loss) before Income Taxes$478 
BeefPorkChickenPrepared FoodsInternationalUnallocated (Corporate)Total
Other segment information:
Depreciation$54 $14 $129 $62 $14 $$281 
Total Assets3,608 1,523 11,892 14,847 1,774 3,666 37,310 
Additions to property, plant and equipment32 19 143 43 13 21 271 
(a) Includes $90 million and $60 million of legal contingency accruals for the Beef and Pork segments, respectively.
(b) Includes $3 million of restructuring and related charges.
(c) Includes $6 million of accelerated amortization related to brand and product line discontinuations.
   
Segment Reporting SEGMENT REPORTING
We operate in five reportable segments: Beef, Pork, Chicken, Prepared Foods and International. We measure segment profit as segment operating income (loss). Previously, International was a non-reportable segment and was presented within International/Other. Effective in the first quarter of fiscal 2026, International was identified as a reportable segment.
Our President and Chief Executive Officer is the Chief Operating Decision Maker ("CODM") of the Company. Commencing in the first quarter of fiscal 2026, we no longer allocate corporate expenses and amortization to our segments as these items are no longer used by our CODM in assessing the performance of, or in allocating resources to, the segments. The CODM uses segment operating income (loss) as the segment profitability measure to assess performance and allocate resources. Segment operating income (loss) is now defined as Operating Income (Loss) less corporate expenses and amortization to account for the changes to our segment results described above. Corporate expenses are unallocated general and administrative costs, including the costs of corporate functions, that are shared across multiple segments. Amortization includes amortization generated from intangible assets including brands and trademarks, customer relationships, supply arrangements, patents and intellectual property, land use rights and software. Segment operating income (loss) is utilized during our budgeting and forecasting process to assess profitability and to enable decision making regarding strategic initiatives and capital investments across all reportable segments. Our CODM considers variances of actual performance to our annual operating plan and periodic forecasts when making decisions. All prior period amounts have been recast to reflect the new presentation of segment operating income (loss).
Significant expenses are expenses which are regularly provided to the CODM and are included in segment operating income (loss). These consist of segment cost of sales, segment selling, general and administrative expenses, and various items affecting comparability. Segment Cost of Sales includes raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, food safety and quality assurance costs and transportation and warehousing expenses, excluding the impact of items affecting comparability. Segment Selling, General and Administrative expenses include the costs to execute sales to customers, costs related to selling, marketing, advertising and promotional activities and other general and administrative operating costs that are not directly related to manufacturing as well as other expense items, excluding the impact of items affecting comparability. Items affecting comparability include restructuring and related charges (including network optimization), plant closure and disposal charges (net of gains), goodwill and intangible impairments, brand and product line discontinuations, facility fire related costs (net of insurance proceeds), and certain non-ordinary course legal, regulatory and other matters.
Beef
Beef includes our operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes sales from specialty products such as hides, rendered products and variety meats, as well as logistics operations to move products through the supply chain.
Pork
Pork includes our operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes our live swine group, related specialty product processing activities and logistics operations to move products through the supply chain.
Chicken
Chicken includes our domestic operations related to raising and processing live chickens into, and purchasing raw materials for fresh, frozen and value-added chicken products, as well as sales from specialty products. Our value-added chicken products primarily include breaded chicken strips, nuggets, patties and other ready-to-fix or fully cooked chicken parts. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes logistics operations to move products through our domestic supply chain and the global operations of our chicken breeding stock subsidiary.
Prepared Foods
Prepared Foods includes our operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations to move products through the supply chain. This segment includes brands such as Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, as well as artisanal brands Aidells® and Gallo Salame®. Products primarily include a mixture of ready-to-cook and ready-to-eat sandwiches, sandwich components such as flame-grilled hamburgers and Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks and processed meats. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets.
International
International includes our foreign operations in China, Europe, Malaysia, Mexico, South Korea, Thailand and the Kingdom of Saudi Arabia related to raising and processing live chickens into and purchasing raw materials for fresh, frozen and value-added chicken products as well as the distribution of chicken products and other protein and non-protein food products. Products are marketed to foodservice distributors and retailers and to other international markets.
Intersegment sales transactions, which were at market prices, are included in the segment sales in the tables below. Expenses, amortization, assets and additions to property, plant and equipment, relating to corporate activities, as well as cash and cash equivalents, benefit plans, and certain investments, are not allocated to segments in the tables below.
Information on segments and a reconciliation to income (loss) before income taxes are as follows (in millions): 
Three months ended December 27, 2025
BeefPorkChickenPrepared FoodsInternationalIntersegmentTotal
Sales(a)
$5,771 $1,609 $4,212 $2,673 $582 $(534)$14,313 
Segment Cost of Sales5,982 1,551 3,653 2,228 510 (534)
Segment Selling, General and Administrative22 100 107 26 — 
Restructuring and related charges86 16 — — 
Legal contingency accruals— — — — — 
Segment Operating Income (Loss)$(319)$50 $450 $322 $41 $— $544 
Corporate expenses(b)
(188)
Amortization(54)
Operating Income (Loss)$302 
Other (Income) Expense:
Interest income$(13)
Interest expense104 
Other, net84 
Income (Loss) before Income Taxes$127 
BeefPorkChickenPrepared FoodsInternationalUnallocated (Corporate)Total
Other segment information:
Depreciation$90 $15 $131 $59 $15 $$319 
Total Assets3,621 1,455 11,870 14,617 1,828 2,628 36,019 
Additions to property, plant and equipment28 13 151 46 11 252 
Three months ended December 28, 2024
BeefPorkChickenPrepared FoodsInternationalIntersegmentTotal
Sales$5,335 $1,617 $4,065 $2,473 $584 $(451)$13,623 
Segment Cost of Sales5,305 1,536 3,484 2,064 513 (451)
Segment Selling, General and Administrative24 110 87 25 — 
Restructuring and related charges32 — 11 25 — 
Segment Operating Income (Loss)$(26)$73 $460 $297 $41 $— $845 
Corporate expenses(201)
Amortization(c)
(64)
Operating Income (Loss)$580 
Other (Income) Expense:
Interest income$(25)
Interest expense120 
Other, net
Income (Loss) before Income Taxes$478 
BeefPorkChickenPrepared FoodsInternationalUnallocated (Corporate)Total
Other segment information:
Depreciation$54 $14 $129 $62 $14 $$281 
Total Assets3,608 1,523 11,892 14,847 1,774 3,666 37,310 
Additions to property, plant and equipment32 19 143 43 13 21 271 
(a) Includes $90 million and $60 million of legal contingency accruals for the Beef and Pork segments, respectively.
(b) Includes $3 million of restructuring and related charges.
(c) Includes $6 million of accelerated amortization related to brand and product line discontinuations.
The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Three months ended December 27, 2025
Retail(d)
Foodservice(e)
International(f)
Industrial and Other(g)
Total External CustomersIntersegmentTotal
Beef$2,902 $1,604 $542 $575 $5,623 $148 $5,771 
Pork503 170 357 220 1,250 359 1,609 
Chicken1,767 1,648 267 507 4,189 23 4,212 
Prepared Foods1,587 943 66 73 2,669 2,673 
International— — 582 — 582 — 582 
Intersegment— — — — — (534)(534)
Total$6,759 $4,365 $1,814 $1,375 $14,313 $— $14,313 
Three months ended December 28, 2024
Retail(d)
Foodservice(e)
International(f)
Industrial and Other(g)
Total External CustomersIntersegmentTotal
Beef$2,657 $1,366 $655 $549 $5,227 $108 $5,335 
Pork553 126 331 285 1,295 322 1,617 
Chicken1,658 1,652 269 465 4,044 21 4,065 
Prepared Foods1,472 894 57 50 2,473 — 2,473 
International— — 584 — 584 — 584 
Intersegment— — — — — (451)(451)
Total$6,340 $4,038 $1,896 $1,349 $13,623 $— $13,623 
(d) Includes external sales to consumer products and food retailers, such as grocery retailers, warehouse club stores and internet-based retailers.
(e) Includes external sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(f) Includes external sales to international markets for internationally produced products or export sales of domestically produced products.
(g) Includes external sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories. Additionally, during the three months ended December 27, 2025, Beef and Pork segments included a $90 million and $60 million reduction in Other, respectively, due to the recognition of legal contingency accruals.
   
Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost $ (117) (73)  
Broiler Antitrust Civil Litigation [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency, Loss in Period 0 0  
Loss Contingency Accrual 64   $ 64
Payments for Legal Settlements   21  
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Payments for Legal Settlements   21  
Pork [Member]      
Segment Reporting Information [Line Items]      
Revenue from External Customer [Line Items] 1,250 1,295  
Pork [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (1) 0  
Pork [Member] | Retail      
Segment Reporting Information [Line Items]      
Revenues 503 553  
Pork [Member] | Foodservice      
Segment Reporting Information [Line Items]      
Revenues 170 126  
Pork [Member] | International      
Segment Reporting Information [Line Items]      
Revenues 357 331  
Pork [Member] | Industrial and Other      
Segment Reporting Information [Line Items]      
Revenues 220 285  
Pork [Member] | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues 359 322  
Beef [Member]      
Segment Reporting Information [Line Items]      
Revenue from External Customer [Line Items] 5,623 5,227  
Beef [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (86) (32)  
Beef [Member] | Retail      
Segment Reporting Information [Line Items]      
Revenues 2,902 2,657  
Beef [Member] | Foodservice      
Segment Reporting Information [Line Items]      
Revenues 1,604 1,366  
Beef [Member] | International      
Segment Reporting Information [Line Items]      
Revenues 542 655  
Beef [Member] | Industrial and Other      
Segment Reporting Information [Line Items]      
Revenues 575 549  
Beef [Member] | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues 148 108  
Chicken [Member]      
Segment Reporting Information [Line Items]      
Revenue from External Customer [Line Items] 4,189 4,044  
Chicken [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (9) (11)  
Chicken [Member] | Retail      
Segment Reporting Information [Line Items]      
Revenues 1,767 1,658  
Chicken [Member] | Foodservice      
Segment Reporting Information [Line Items]      
Revenues 1,648 1,652  
Chicken [Member] | International      
Segment Reporting Information [Line Items]      
Revenues 267 269  
Chicken [Member] | Industrial and Other      
Segment Reporting Information [Line Items]      
Revenues 507 465  
Chicken [Member] | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues 23 21  
Prepared Foods [Member]      
Segment Reporting Information [Line Items]      
Revenue from External Customer [Line Items] 2,669 2,473  
Prepared Foods [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (16) (25)  
Prepared Foods [Member] | Retail      
Segment Reporting Information [Line Items]      
Revenues 1,587 1,472  
Prepared Foods [Member] | Foodservice      
Segment Reporting Information [Line Items]      
Revenues 943 894  
Prepared Foods [Member] | International      
Segment Reporting Information [Line Items]      
Revenues 66 57  
Prepared Foods [Member] | Industrial and Other      
Segment Reporting Information [Line Items]      
Revenues 73 50  
Prepared Foods [Member] | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues 4 0  
Intersegment Revenues | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues (534) (451)  
International      
Segment Reporting Information [Line Items]      
Revenue from External Customer [Line Items] 582 584  
International | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0 (5)  
International | Retail      
Segment Reporting Information [Line Items]      
Revenues 0 0  
International | Foodservice      
Segment Reporting Information [Line Items]      
Revenues 0 0  
International | International      
Segment Reporting Information [Line Items]      
Revenues 582 584  
International | Industrial and Other      
Segment Reporting Information [Line Items]      
Revenues 0 0  
International | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Corporate Segment | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (3) 0  
Operating Segments [Member] | Pork [Member]      
Segment Reporting Information [Line Items]      
Revenues 1,609 1,617  
Segment Cost of Product and Service Sold 1,551 1,536  
Segment Selling, General and Administrative 7 8  
Depreciation 15 14  
Assets 1,455 1,523  
Segment, Expenditure, Addition to Long-Lived Assets 13 19  
Loss Contingency, Loss in Period 0    
Segment Reporting Information, Operating Income (Loss) [Abstract] 50 73  
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (1) 0  
Operating Segments [Member] | Beef [Member]      
Segment Reporting Information [Line Items]      
Revenues 5,771 5,335  
Segment Cost of Product and Service Sold 5,982 5,305  
Segment Selling, General and Administrative 22 24  
Depreciation 90 54  
Assets 3,621 3,608  
Segment, Expenditure, Addition to Long-Lived Assets 28 32  
Loss Contingency, Loss in Period 0    
Segment Reporting Information, Operating Income (Loss) [Abstract] (319) (26)  
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (86) (32)  
Operating Segments [Member] | Chicken [Member]      
Segment Reporting Information [Line Items]      
Revenues 4,212 4,065  
Segment Cost of Product and Service Sold 3,653 3,484  
Segment Selling, General and Administrative 100 110  
Depreciation 131 129  
Assets 11,870 11,892  
Segment, Expenditure, Addition to Long-Lived Assets 151 143  
Loss Contingency, Loss in Period 0    
Segment Reporting Information, Operating Income (Loss) [Abstract] 450 460  
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (9) (11)  
Operating Segments [Member] | Prepared Foods [Member]      
Segment Reporting Information [Line Items]      
Revenues 2,673 2,473  
Segment Cost of Product and Service Sold 2,228 2,064  
Segment Selling, General and Administrative 107 87  
Depreciation 59 62  
Assets 14,617 14,847  
Segment, Expenditure, Addition to Long-Lived Assets 46 43  
Loss Contingency, Loss in Period 0    
Segment Reporting Information, Operating Income (Loss) [Abstract] 322 297  
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (16) (25)  
Operating Segments [Member] | International      
Segment Reporting Information [Line Items]      
Revenues 582 584  
Segment Cost of Product and Service Sold 510 513  
Segment Selling, General and Administrative 26 25  
Depreciation 15 14  
Assets 1,828 1,774  
Segment, Expenditure, Addition to Long-Lived Assets 11 13  
Loss Contingency, Loss in Period 5    
Segment Reporting Information, Operating Income (Loss) [Abstract] 41 41  
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0 (5)  
Intersegment Eliminations      
Segment Reporting Information [Line Items]      
Revenues (534) (451)  
Segment Cost of Product and Service Sold (534) (451)  
Segment Reporting Information, Operating Income (Loss) [Abstract] 0 0  
Segment Reporting, Reconciling Item, Corporate Nonsegment      
Segment Reporting Information [Line Items]      
Depreciation 9 8  
Assets 2,628 3,666  
Segment, Expenditure, Addition to Long-Lived Assets 3 21  
Cost of Sales | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (105) (71)  
Cost of Sales | Network Optimization Plan | Accelerated Depreciation      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (57) (23)  
Cost of Sales | Pork [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0 0  
Cost of Sales | Pork [Member] | Network Optimization Plan | Accelerated Depreciation      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0 0  
Cost of Sales | Beef [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (85) (32)  
Cost of Sales | Beef [Member] | Network Optimization Plan | Accelerated Depreciation      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (57) (23)  
Cost of Sales | Chicken [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (7) (9)  
Cost of Sales | Chicken [Member] | Network Optimization Plan | Accelerated Depreciation      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0 0  
Cost of Sales | Prepared Foods [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (13) (25)  
Cost of Sales | Prepared Foods [Member] | Network Optimization Plan | Accelerated Depreciation      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0 0  
Cost of Sales | International | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0 (5)  
Cost of Sales | International | Network Optimization Plan | Accelerated Depreciation      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0 0  
Cost of Sales | Corporate Segment | Accelerated Depreciation      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0    
Cost of Sales | Corporate Segment | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0 0  
Cost of Sales | Corporate Segment | Network Optimization Plan | Accelerated Depreciation      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost   0  
Sales | Pork [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency, Loss in Period 60    
Sales | Beef [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency, Loss in Period 90    
Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (10) (2)  
Selling, General and Administrative Expenses [Member] | Pork [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (1) 0  
Selling, General and Administrative Expenses [Member] | Beef [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (1) 0  
Selling, General and Administrative Expenses [Member] | Chicken [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (2) (2)  
Selling, General and Administrative Expenses [Member] | Prepared Foods [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (3) 0  
Selling, General and Administrative Expenses [Member] | International | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0 0  
Selling, General and Administrative Expenses [Member] | Corporate Segment      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Brand Discontinuation Charges   6  
Selling, General and Administrative Expenses [Member] | Corporate Segment | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost (3) $ 0  
General and Administrative Expense      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost $ (3)    
v3.25.4
Segment Reporting Disaggregation of Revenue (By Segment and Distribution Channel) (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Disaggregation of Revenue [Line Items]    
Revenues $ 14,313 $ 13,623
Revenue from Contract with Customer, Excluding Assessed Tax 14,313 13,623
Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 1,609 1,617
Revenue from External Customer [Line Items] 1,250 1,295
Pork [Member] | Sales    
Disaggregation of Revenue [Line Items]    
Loss Contingency, Loss in Period 60  
Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 4,212 4,065
Revenue from External Customer [Line Items] 4,189 4,044
Intersegment Revenues    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax (534) (451)
Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 2,673 2,473
Revenue from External Customer [Line Items] 2,669 2,473
Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 5,771 5,335
Revenue from External Customer [Line Items] 5,623 5,227
Beef [Member] | Sales    
Disaggregation of Revenue [Line Items]    
Loss Contingency, Loss in Period 90  
International    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 582 584
Revenue from External Customer [Line Items] 582 584
Broiler Antitrust Civil Litigation [Member]    
Disaggregation of Revenue [Line Items]    
Loss Contingency, Loss in Period 0 0
Retail    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 6,759 6,340
Retail | Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 503 553
Retail | Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 1,767 1,658
Retail | Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 1,587 1,472
Retail | Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 2,902 2,657
Retail | International    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Foodservice    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 4,365 4,038
Foodservice | Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 170 126
Foodservice | Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 1,648 1,652
Foodservice | Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 943 894
Foodservice | Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 1,604 1,366
Foodservice | International    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
International    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 1,814 1,896
International | Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 357 331
International | Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 267 269
International | Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 66 57
International | Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 542 655
International | International    
Disaggregation of Revenue [Line Items]    
Revenues 582 584
Industrial and Other    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 1,375 1,349
Industrial and Other | Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 220 285
Industrial and Other | Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 507 465
Industrial and Other | Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 73 50
Industrial and Other | Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 575 549
Industrial and Other | International    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Intersegment Revenues    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 0 0
Intersegment Revenues | Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 359 322
Intersegment Revenues | Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 23 21
Intersegment Revenues | Intersegment Revenues    
Disaggregation of Revenue [Line Items]    
Revenues (534) (451)
Intersegment Revenues | Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 4 0
Intersegment Revenues | Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 148 108
Intersegment Revenues | International    
Disaggregation of Revenue [Line Items]    
Revenues $ 0 $ 0
v3.25.4
Segment Reporting (Narrative) (Details)
3 Months Ended
Dec. 27, 2025
Segments
Segment Reporting Information [Line Items]  
Number of Reportable Segments 5
v3.25.4
Commitments (Narrative) (Details) - USD ($)
$ in Millions
3 Months Ended
Dec. 27, 2025
Sep. 27, 2025
Dec. 28, 2024
Guarantor Obligations [Line Items]      
Guarantor Obligations, Current Carrying Value $ 0 $ 0  
Potential maximum obligation under cash flow assistance programs 155    
Restricted Cash 0   $ 0
Restricted Cash, Noncurrent $ 0 $ 0  
Restricted Cash and Cash Equivalent, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets Other Assets  
Guarantor Obligation, Term 6 years    
Industrial Revenue Bonds [Member]      
Guarantor Obligations [Line Items]      
Industrial Revenue Bonds $ 787    
Guarantee Obligations [Member]      
Guarantor Obligations [Line Items]      
Guarantor Obligations, Maximum Exposure, Undiscounted $ 0    
v3.25.4
Contingencies (Narrative) (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 12, 2025
USD ($)
Sep. 29, 2025
USD ($)
Sep. 25, 2025
USD ($)
Apr. 11, 2025
USD ($)
Dec. 22, 2023
USD ($)
Jan. 19, 2021
USD ($)
Dec. 21, 2016
USD ($)
plaintiff
Nov. 29, 2016
USD ($)
plaintiff
May 31, 2024
USD ($)
Dec. 27, 2025
USD ($)
Dec. 28, 2024
USD ($)
Dec. 31, 2004
USD ($)
Sep. 27, 2025
USD ($)
Loss Contingencies [Line Items]                            
Loss Contingency Accrual                     $ 645,000,000     $ 712,000,000
Pork [Member] | Sales                            
Loss Contingencies [Line Items]                            
Loss Contingency, Loss in Period                     60,000,000      
Beef [Member] | Sales                            
Loss Contingencies [Line Items]                            
Loss Contingency, Loss in Period                     90,000,000      
Republic of the Philippines, Department of Labor and Employment and the National Labor Relations Commission [Member]                            
Loss Contingencies [Line Items]                            
Loss Contingency, Number of Plaintiffs, Award Increase | plaintiff                 4,922          
Estimated Percentage of Settling Complainants               18.00%            
Loss Contingency, Number of Plaintiffs | plaintiff               5,984 5,984          
Loss Contingency, Estimate of Possible Loss Per Complainant               $ 1,155            
Broiler Antitrust Civil Litigation [Member]                            
Loss Contingencies [Line Items]                            
Litigation Settlement, Amount Awarded to Other Party             $ 221,500,000              
Broiler Antitrust Civil Litigation [Member]                            
Loss Contingencies [Line Items]                            
Loss Contingency Accrual                     64,000,000     64,000,000
Loss Contingency, Loss in Period                     0 $ 0    
Payments for Legal Settlements                       $ 21,000,000    
Republic of the Philippines, Department of Labor and Employment                            
Loss Contingencies [Line Items]                            
Loss Contingency, Damages Awarded, Value                 $ 253,000,000       $ 59,000,000  
Wage Rate Litigation                            
Loss Contingencies [Line Items]                            
Litigation Settlement, Amount Awarded to Other Party           $ 72,500,000       $ 115,500,000        
Loss Contingency Accrual                           0
Pork Antitrust Litigation                            
Loss Contingencies [Line Items]                            
Litigation Settlement, Amount Awarded to Other Party       $ 85,000,000 $ 50,000,000                  
Loss Contingency Accrual                     206,000,000     268,000,000
Payments for Legal Settlements                     122,000,000      
Pork Antitrust Litigation | Subsequent Event                            
Loss Contingencies [Line Items]                            
Litigation Settlement, Amount Awarded to Other Party $ 48,000,000                          
Pork Antitrust Litigation | Sales                            
Loss Contingencies [Line Items]                            
Loss Contingency, Loss in Period                     60,000,000      
Beef Antitrust Civil Litigation                            
Loss Contingencies [Line Items]                            
Litigation Settlement, Amount Awarded to Other Party     $ 55,000,000                      
Loss Contingency Accrual                     353,000,000     $ 318,000,000
Payments for Legal Settlements                     55,000,000      
Litigation Settlement, Fee Expense   $ 2,500,000                        
Beef Antitrust Civil Litigation | Direct Purchaser Plaintiff Class                            
Loss Contingencies [Line Items]                            
Litigation Settlement, Amount Awarded to Other Party   80,000,000                        
Beef Antitrust Civil Litigation | Commercial and Institutional Indirect Plaintiff Class                            
Loss Contingencies [Line Items]                            
Litigation Settlement, Amount Awarded to Other Party   $ 47,000,000                        
Beef Antitrust Civil Litigation | Sales                            
Loss Contingencies [Line Items]                            
Loss Contingency, Loss in Period                     $ 90,000,000