TYSON FOODS, INC., 10-K/A filed on 2/11/2021
Amended Annual Report
v3.20.4
Document and Entity Information - USD ($)
 12 Months Ended
Oct. 03, 2020
Mar. 28, 2020
Document Annual Report true  
Document Period End Date Oct. 03, 2020  
Document Type 10-K/A  
Document Transition Report false  
Entity File Number 001-14704  
Entity Registrant Name TYSON FOODS, INC.  
Entity Incorporation, State or Country Code DE  
Entity Address, Address Line One 2200 West Don Tyson Parkway,  
Entity Address, City or Town Springdale,  
Entity Address, State or Province AR  
City Area Code (479)  
Entity Tax Identification Number 71-0225165  
Entity Address, Postal Zip Code 72762-6999  
Local Phone Number 290-4000  
Title of 12(b) Security Class A Common Stock  
Entity Listing, Par Value Per Share $ 0.10  
Trading Symbol TSN  
Security Exchange Name NYSE  
Entity Well-known Seasoned Issuer Yes  
Entity Voluntary Filers No  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
ICFR Auditor Attestation Flag true  
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 2020  
Document Fiscal Period Focus FY  
Amendment Flag true  
Amendment Description Tyson Foods, Inc. (collectively, the “Company,” “we,” “us,” “our,” “Tyson Foods” or “Tyson”) (NYSE: TSN) is filing this Amendment No. 1 on Form 10-K/A (this “Amendment") to our Annual Report on Form 10-K for the fiscal year ended October 3, 2020, which was filed with the Securities and Exchange Commission (“SEC”) on November 16, 2020 (the “Original Form 10-K”) to make certain changes, as described below. The Company recently completed an investigation relating to one of its cattle suppliers and determined that this supplier made misrepresentations regarding the number of cattle the supplier had purchased on behalf of the Company's Beef segment. This misappropriation of Company funds by the supplier caused the Company to overstate live cattle inventory in its previously issued annual and interim financial statements. The Company has evaluated the materiality of the misstatements in live cattle inventory and has concluded that they did not, individually or in the aggregate, result in a material misstatement of the Company’s previously issued consolidated financial statements. However, the Company determined it would revise its consolidated financial statements to correct the recording of live cattle inventory in the periods impacted.Due to the discovery of the misrepresentations by the supplier, the Company re-evaluated the effectiveness of the Company’s internal control over financial reporting (“ICFR”) and identified a material weakness in the Company’s ICFR. As a result, the Company is filing this Amendment to restate management's assessment of the Company’s ICFR and its disclosure controls and procedures to indicate that they were not effective as of October 3, 2020 because of the identification of a material weakness in ICFR. The Company’s independent registered public accounting firm, PricewaterhouseCoopers LLP (“PwC”), has also restated its opinion on the Company’s ICFR to state that the Company’s ICFR as of October 3, 2020 was not effective. This Amendment also reflects the revision of our previously issued financial statements for the fiscal years ended 2020, 2019 and 2018, as well as relevant unaudited interim financial information for the quarterly periods in fiscal 2020 and 2019, to correctly state live cattle inventory described above. For a more detailed description of this revision, refer to the section entitled "Revision" in Part II, Item 8, Notes to the Consolidated Financial Statements, Note 1: Business and Summary of Accounting Policies.Item 6, Item 7, Item 8 and Item 9A of Part II of the Original Form 10-K are hereby deleted in their entirety and replaced with the Item 6, Item 7, Item 8 and Item 9A included herein. Part IV, Item 15, “Exhibits and Financial Statement Schedules,” also has been amended as required by Rule 12b-15 under the Securities Act of 1934, as amended, to provide new currently dated certifications by the Company’s Chief Executive Officer and Chief Financial Officer pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002. The certifications are attached to this Amendment as Exhibits 31.1, 31.2, 32.1 and 32.2. In addition, the Company is filing a new consent of PwC. Accordingly, Item 15 of Part IV of the Original Form 10-K is hereby amended to reflect the filing of the new consent.Except as described above, this Amendment does not amend, update or change any other items or disclosures in the Original Form 10-K and does not purport to reflect any information or events subsequent to the filing thereof. As such, this Amendment speaks only as of the date the Original Form 10-K was filed, and the Company has not undertaken herein to amend, supplement or update any information contained in the Original Form 10-K to give effect to any subsequent events. Accordingly, this Amendment should be read in conjunction with the Original Form 10-K and any subsequent filings with the SEC.  
Class A [Member]    
Entity Public Float   $ 16,867,056,474
Entity Common Stock, Shares Outstanding 294,125,924  
Class B [Member]    
Entity Public Float   $ 606,699
Entity Common Stock, Shares Outstanding 70,010,355  
v3.20.4
Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Sales $ 43,185 $ 42,405 $ 40,052
Cost of Sales 37,801 37,383 34,956
Gross Profit 5,384 5,022 5,096
Operating Expenses:      
Selling, General and Administrative 2,376 2,252 2,127
Operating Income 3,008 2,770 2,969
Other (Income) Expense:      
Interest income (10) (11) (7)
Interest expense 485 462 350
Other, net (131) (55) (56)
Total Other (Income) Expense 344 396 287
Income before Income Taxes 2,664 2,374 2,682
Income Tax Expense (Benefit) 593 381 (291)
Net Income 2,071 1,993 2,973
Less: Net Income Attributable to Noncontrolling Interests 10 13 3
Net Income Attributable to Tyson $ 2,061 $ 1,980 $ 2,970
Weighted Average Shares Outstanding:      
Diluted, Shares 365 366 369
Net Income Per Share Attributable to Tyson:      
Diluted (USD per share) $ 5.64 $ 5.40 $ 8.04
Class A [Member]      
Weighted Average Shares Outstanding:      
Basic, Shares 293 293 295
Net Income Per Share Attributable to Tyson:      
Basic (USD per share) $ 5.79 $ 5.56 $ 8.29
Class B [Member]      
Weighted Average Shares Outstanding:      
Basic, Shares 70 70 70
Net Income Per Share Attributable to Tyson:      
Basic (USD per share) $ 5.21 $ 4.99 $ 7.46
v3.20.4
Consolidated Statements of Comprehensive Income Statement - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Statement of Comprehensive Income [Abstract]      
Net Income $ 2,071 $ 1,993 $ 2,973
Other Comprehensive Income (Loss), Net of Taxes:      
Derivatives accounted for as cash flow hedges 9 (15) (7)
Investments 1 2 (1)
Currency translation (29) (23) (29)
Postretirement benefits (43) (66) (7)
Total Other Comprehensive Income (Loss), Net of Taxes (62) (102) (44)
Comprehensive Income 2,009 1,891 2,929
Less: Comprehensive Income Attributable to Noncontrolling Interests 10 13 3
Comprehensive Income Attributable to Tyson $ 1,999 $ 1,878 $ 2,926
v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Assets    
Cash and cash equivalents $ 1,420 $ 484
Accounts receivable, net 1,952 2,173
Inventories 3,859 3,929
Other current assets 367 404
Total Current Assets 7,598 6,990
Net Property, Plant and Equipment 7,596 7,282
Goodwill 10,899 10,844
Intangible Assets, net 6,774 7,037
Other Assets 1,589 765
Total Assets 34,456 32,918
Liabilities and Shareholders’ Equity    
Current debt 548 2,102
Accounts payable 1,876 1,926
Other current liabilities 1,810 1,485
Total Current Liabilities 4,234 5,513
Long-Term Debt 10,791 9,830
Deferred Income Tax Liabilities, Net 2,317 2,309
Other Liabilities 1,728 1,172
Shareholders' Equity:    
Capital in excess of par value 4,433 4,378
Retained earnings 15,100 13,655
Accumulated other comprehensive gain (loss) (179) (117)
Treasury stock, at cost – 83 million shares at October 3, 2020 and 82 million shares at September 28, 2019 (4,145) (4,011)
Total Tyson Shareholders’ Equity 15,254 13,950
Noncontrolling Interests 132 144
Total Shareholders’ Equity 15,386 14,094
Total Liabilities and Shareholders’ Equity 34,456 32,918
Class A [Member]    
Shareholders' Equity:    
Common stock ($0.10 par value): 38 38
Total Tyson Shareholders’ Equity 38 38
Convertible Class B [Member]    
Shareholders' Equity:    
Common stock ($0.10 par value): 7 7
Total Tyson Shareholders’ Equity $ 7 $ 7
v3.20.4
Consolidated Balance Sheets (Parentheticals) - $ / shares
shares in Millions
Oct. 03, 2020
Sep. 28, 2019
Treasury Stock, shares 83 82
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
v3.20.4
Consolidated Statements Of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Capital In Excess Of Par Value [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Member]
Treasury Stock [Member]
Shareholders' Equity Attributable To Tyson [Member]
Equity Attributable To Noncontrolling Interests [Member]
Class A [Member]
Class B [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Member]
Balance at beginning of year, Common Stock shares at Sep. 30, 2017               378.0 70.0    
Balance at beginning of year, Shareholders' Equity Attributable to Tyson at Sep. 30, 2017   $ 4,378 $ 9,740 $ 16 $ (3,674)     $ 38 $ 7    
Balance at beginning of year, Treasury Stock shares at Sep. 30, 2017         80.0            
Balance at beginning of year, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 30, 2017             $ 18        
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Issuance of Class A common stock, shares               0.0      
Issuance of Class A common stock               $ 0      
Stock-based compensation   9     $ 158            
Net income attributable to Tyson $ 2,970   2,970                
Dividends     (458)         $ (378) $ (80)    
Other Comprehensive Income (Loss) (44)     (44)              
Purchase of Class A common stock, shares         6.0     5.9      
Purchase of Class A common stock         $ (427)            
Stock-based compensation, shares         (4.0)            
Net income attributable to noncontrolling interest (3)           3        
Distributions to noncontrolling interest             (3)        
Business combination and other             (10)        
Balance at end of year, Common Stock shares at Sep. 29, 2018               378.0 70.0    
Balance at end of year, Shareholders' Equity Attributable to Tyson at Sep. 29, 2018   4,387 12,239 (15) $ (3,943) $ 12,713   $ 38 $ 7 $ (13) $ 13
Balance at end of year, Treasury Stock shares at Sep. 29, 2018         82.0            
Balance at end of year, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 29, 2018             8        
Balance at end of year, Total Shareholders' Equity at Sep. 29, 2018 12,721                    
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Net income attributable to Tyson 530                    
Other Comprehensive Income (Loss) 531                    
Balance at end of year, Shareholders' Equity Attributable to Tyson at Dec. 29, 2018 13,016                    
Balance at end of year, Total Shareholders' Equity at Dec. 29, 2018 13,148                    
Balance at beginning of year, Common Stock shares at Sep. 29, 2018               378.0 70.0    
Balance at beginning of year, Shareholders' Equity Attributable to Tyson at Sep. 29, 2018   4,387 12,239 (15) $ (3,943) 12,713   $ 38 $ 7 (13) 13
Balance at beginning of year, Treasury Stock shares at Sep. 29, 2018         82.0            
Balance at beginning of year, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 29, 2018             8        
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Issuance of Class A common stock, shares               0.0      
Issuance of Class A common stock               $ 0      
Stock-based compensation   (9)     $ 184            
Net income attributable to Tyson 1,980   1,980                
Dividends     (564)         $ (465) $ (99)    
Other Comprehensive Income (Loss) (102)     (102)              
Purchase of Class A common stock, shares         4.0     3.7      
Purchase of Class A common stock         $ (252)            
Stock-based compensation, shares         (4.0)            
Net income attributable to noncontrolling interest (13)           13        
Distributions to noncontrolling interest             (3)        
Business combination and other             126        
Balance at end of year, Common Stock shares at Sep. 28, 2019               378.0 70.0    
Balance at end of year, Shareholders' Equity Attributable to Tyson at Sep. 28, 2019 $ 13,950 4,378 13,655 (117) $ (4,011) 13,950   $ 38 $ 7 0 0
Balance at end of year, Treasury Stock shares at Sep. 28, 2019 82.0       82.0            
Balance at end of year, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 28, 2019 $ 144           144        
Balance at end of year, Total Shareholders' Equity at Sep. 28, 2019 14,094                    
Balance at beginning of year, Shareholders' Equity Attributable to Tyson at Dec. 29, 2018 13,016                    
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Net income attributable to Tyson 394                    
Other Comprehensive Income (Loss) 398                    
Balance at end of year, Shareholders' Equity Attributable to Tyson at Mar. 30, 2019 13,280                    
Balance at end of year, Total Shareholders' Equity at Mar. 30, 2019 13,415                    
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Net income attributable to Tyson 684                    
Other Comprehensive Income (Loss) 689                    
Balance at end of year, Shareholders' Equity Attributable to Tyson at Jun. 29, 2019 13,793                    
Balance at end of year, Total Shareholders' Equity at Jun. 29, 2019 14,006                    
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Net income attributable to Tyson 372                    
Other Comprehensive Income (Loss) 375                    
Balance at end of year, Common Stock shares at Sep. 28, 2019               378.0 70.0    
Balance at end of year, Shareholders' Equity Attributable to Tyson at Sep. 28, 2019 $ 13,950 4,378 13,655 (117) $ (4,011) 13,950   $ 38 $ 7 0 0
Balance at end of year, Treasury Stock shares at Sep. 28, 2019 82.0       82.0            
Balance at end of year, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 28, 2019 $ 144           144        
Balance at end of year, Total Shareholders' Equity at Sep. 28, 2019 14,094                    
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Net income attributable to Tyson 505                    
Other Comprehensive Income (Loss) 509                    
Balance at end of year, Shareholders' Equity Attributable to Tyson at Dec. 28, 2019 14,235                    
Balance at end of year, Total Shareholders' Equity at Dec. 28, 2019 14,382                    
Balance at beginning of year, Common Stock shares at Sep. 28, 2019               378.0 70.0    
Balance at beginning of year, Shareholders' Equity Attributable to Tyson at Sep. 28, 2019 $ 13,950 4,378 13,655 (117) $ (4,011) 13,950   $ 38 $ 7 0 0
Balance at beginning of year, Treasury Stock shares at Sep. 28, 2019 82.0       82.0            
Balance at beginning of year, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 28, 2019 $ 144           144        
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Issuance of Class A common stock, shares               0.0      
Issuance of Class A common stock               $ 0      
Stock-based compensation   55     $ 73            
Net income attributable to Tyson 2,061   2,061                
Dividends     (616)         $ (508) (108)    
Other Comprehensive Income (Loss) (62)     (62)              
Purchase of Class A common stock, shares         2.0     2.5      
Purchase of Class A common stock         $ (207)            
Stock-based compensation, shares         (1.0)            
Net income attributable to noncontrolling interest $ (10)           10        
Distributions to noncontrolling interest             (13)        
Business combination and other             (9)        
Balance at end of year, Common Stock shares at Oct. 03, 2020 70.0             378.0      
Balance at end of year, Shareholders' Equity Attributable to Tyson at Oct. 03, 2020 $ 15,254 4,433 15,100 (179) $ (4,145) 15,254   $ 38 7 0 0
Balance at end of year, Treasury Stock shares at Oct. 03, 2020 83.0       83.0            
Balance at end of year, Shareholders' Equity Attributable to Noncontrolling Interest at Oct. 03, 2020 $ 132           132        
Balance at end of year, Total Shareholders' Equity at Oct. 03, 2020 15,386                    
Balance at beginning of year, Shareholders' Equity Attributable to Tyson at Dec. 28, 2019 14,235                    
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Net income attributable to Tyson 376                    
Other Comprehensive Income (Loss) 379                    
Balance at end of year, Shareholders' Equity Attributable to Tyson at Mar. 28, 2020 14,277                    
Balance at end of year, Total Shareholders' Equity at Mar. 28, 2020 14,422                    
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Net income attributable to Tyson 526                    
Other Comprehensive Income (Loss) 526                    
Balance at end of year, Shareholders' Equity Attributable to Tyson at Jun. 27, 2020 14,685                    
Balance at end of year, Total Shareholders' Equity at Jun. 27, 2020 14,831                    
Increase (Decrease) in Shareholders' Equity [Roll Forward]                      
Net income attributable to Tyson 654                    
Other Comprehensive Income (Loss) $ 657                    
Balance at end of year, Common Stock shares at Oct. 03, 2020 70.0             378.0      
Balance at end of year, Shareholders' Equity Attributable to Tyson at Oct. 03, 2020 $ 15,254 $ 4,433 $ 15,100 $ (179) $ (4,145) $ 15,254   $ 38 $ 7 $ 0 $ 0
Balance at end of year, Treasury Stock shares at Oct. 03, 2020 83.0       83.0            
Balance at end of year, Shareholders' Equity Attributable to Noncontrolling Interest at Oct. 03, 2020 $ 132           $ 132        
Balance at end of year, Total Shareholders' Equity at Oct. 03, 2020 $ 15,386                    
v3.20.4
Consolidated Statements Of Cash Flows
$ in Millions
 12 Months Ended
Oct. 03, 2020
USD ($)
Sep. 28, 2019
USD ($)
Sep. 29, 2018
USD ($)
Statement of Cash Flows [Abstract]      
Restricted Cash $ 46 $ 0 $ 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,466 484 270
Cash Flows From Operating Activities:      
Net Income 2,071 1,993 2,973
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 900 819 723
Amortization 292 279 220
Deferred income taxes 18 77 (874)
Gain on dispositions of businesses 0 17 42
Impairment of assets 48 94 175
Stock-based compensation expense 89 77 69
Other, net (124) (20) (58)
(Increase) decrease in accounts receivable 191 (226) (2)
(Increase) decrease in inventories 86 (157) (144)
Increase (decrease) in accounts payable (64) (55) (44)
Increase (decrease) in income taxes payable/receivable 62 (254) 111
Increase (decrease) in interest payable (41) 47 (3)
Net changes in other operating assets and liabilities 346 (144) (141)
Cash Provided by Operating Activities 3,874 2,513 2,963
Cash Flows from Investing Activities:      
Additions to property, plant and equipment (1,199) (1,259) (1,200)
Purchases of marketable securities (105) (64) (42)
Proceeds from sale of marketable securities 87 63 37
Acquisitions, net of cash acquired 0 (2,462) (1,474)
Proceeds from sale of businesses 29 170 797
Payments to Acquire Equity Method Investments (183) 0 0
Other, net (52) 88 (24)
Cash Used for Investing Activities (1,423) (3,464) (1,906)
Cash Flows from Financing Activities:      
Proceeds from issuance of debt 1,609 4,634 1,148
Payments on debt 1,212 3,208 1,307
Borrowings on revolving credit facility 1,210 1,135 1,755
Payments on revolving credit facility (1,280) (1,065) (1,755)
Proceeds from issuance of commercial paper 14,272 17,722 21,024
Repayments of commercial paper (15,271) (17,327) (21,197)
Purchases of Tyson Class A common stock (207) (252) (427)
Dividends (601) (537) (431)
Stock options exercised 30 99 102
Other, net (18) (30) (14)
Cash Provided by (Used for) Financing Activities (1,468) 1,171 (1,102)
Effect of Exchange Rate Change on Cash (1) (6) (3)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 982 214 (48)
Cash and Cash Equivalents and Restricted Cash at Beginning of Year 484 270  
Cash and Cash Equivalents at End of Year $ 1,420 $ 484 $ 270
v3.20.4
Comprehensive Income (Loss)
 12 Months Ended
Oct. 03, 2020
Statement of Comprehensive Income [Abstract]  
Comprehensive Income (Loss) COMPREHENSIVE INCOME (LOSS)The components of accumulated other comprehensive loss are as follows (in millions):
 20202019
Accumulated other comprehensive income (loss), net of taxes:
Unrealized net hedging loss$(15)$(24)
Unrealized net gain (loss) on investments2 1 
Currency translation adjustment(136)(107)
Postretirement benefits reserve adjustments(30)13 
Total accumulated other comprehensive income (loss)$(179)$(117)
The before and after tax changes in the components of other comprehensive income (loss) are as follows (in millions):
202020192018
Before TaxTaxAfter TaxBefore TaxTaxAfter TaxBefore TaxTaxAfter Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to interest expense
$6 $(2)$4 $1 $— $1 $— $— $— 
(Gain) loss reclassified to cost of sales
24 (7)17 18 (5)13 12 (4)8 
Unrealized gain (loss)
(17)5 (12)(39)10 (29)(20)5 (15)
Investments:
Unrealized gain (loss)
1 — 1 3 (1)2 (2)1 (1)
Currency translation:
Translation adjustment
(29)— (29)(23)— (23)(38)2 (36)
Translation loss reclassified to cost of sales
— — — — — — 7 — 7 
Postretirement benefits:
Unrealized gain (loss)
1 — 1 (114)31 (83)(8)1 (7)
Pension settlement reclassified to other (income) expense
(58)14 (44)23 (6)17 — — — 
Total other comprehensive income (loss)$(72)$10 $(62)$(131)$29 $(102)$(49)$5 $(44)
v3.20.4
Supplemental Cash Flow Information
 12 Months Ended
Oct. 03, 2020
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information SUPPLEMENTAL CASH FLOWS INFORMATIONThe following table summarizes cash payments for interest and income taxes (in millions):
202020192018
Interest, net of amounts capitalized$536 $419 $368 
Income taxes, net of refunds511 557 470 
v3.20.4
Comprehensive Income (Loss) (Tables)
 12 Months Ended
Oct. 03, 2020
Statement of Comprehensive Income [Abstract]  
Schedule Of Components Of Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive loss are as follows (in millions):
 20202019
Accumulated other comprehensive income (loss), net of taxes:
Unrealized net hedging loss$(15)$(24)
Unrealized net gain (loss) on investments2 1 
Currency translation adjustment(136)(107)
Postretirement benefits reserve adjustments(30)13 
Total accumulated other comprehensive income (loss)$(179)$(117)
Schedule Of Components Of Other Comprehensive Income (Loss)
The before and after tax changes in the components of other comprehensive income (loss) are as follows (in millions):
202020192018
Before TaxTaxAfter TaxBefore TaxTaxAfter TaxBefore TaxTaxAfter Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to interest expense
$6 $(2)$4 $1 $— $1 $— $— $— 
(Gain) loss reclassified to cost of sales
24 (7)17 18 (5)13 12 (4)8 
Unrealized gain (loss)
(17)5 (12)(39)10 (29)(20)5 (15)
Investments:
Unrealized gain (loss)
1 — 1 3 (1)2 (2)1 (1)
Currency translation:
Translation adjustment
(29)— (29)(23)— (23)(38)2 (36)
Translation loss reclassified to cost of sales
— — — — — — 7 — 7 
Postretirement benefits:
Unrealized gain (loss)
1 — 1 (114)31 (83)(8)1 (7)
Pension settlement reclassified to other (income) expense
(58)14 (44)23 (6)17 — — — 
Total other comprehensive income (loss)$(72)$10 $(62)$(131)$29 $(102)$(49)$5 $(44)
v3.20.4
Supplemental Cash Flow Information (Tables)
 12 Months Ended
Oct. 03, 2020
Supplemental Cash Flow Information [Abstract]  
Schedule Of Cash Payments For Interest And Income Taxes The following table summarizes cash payments for interest and income taxes (in millions):
202020192018
Interest, net of amounts capitalized$536 $419 $368 
Income taxes, net of refunds511 557 470 
v3.20.4
Comprehensive Income (Loss) (Components Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]    
Unrealized net hedging loss $ (15) $ (24)
Unrealized net loss on investments 2 1
Currency translation adjustment (136) (107)
Postretirement benefits reserve adjustments (30) 13
Total accumulated other comprehensive income (loss) $ (179) $ (117)
v3.20.4
Comprehensive Income (Loss) (Components Of Other Comprehensive Income (Loss)) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive income (loss), Before Tax $ (72) $ (131) $ (49)
Other comprehensive income (loss), Income Tax 10 29 5
Total Other Comprehensive Income (Loss), Net of Taxes (62) (102) (44)
Derivatives accounted for as cash flow hedges      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other Comprehensive Income (Loss), before Reclassifications, before Tax (17) (39) (20)
Other Comprehensive Income (Loss), before Reclassifications, Tax 5 10 5
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax (12) (29) (15)
Derivatives accounted for as cash flow hedges | Interest Expense [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax 6 1 0
Reclassification from AOCI, Current Period, Tax (2) 0 0
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 4 1 0
Derivatives accounted for as cash flow hedges | Cost of Sales [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax 24 18 12
Reclassification from AOCI, Current Period, Tax (7) (5) (4)
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 17 13 8
Investments [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other Comprehensive Income (Loss), before Reclassifications, before Tax 1 3 (2)
Other Comprehensive Income (Loss), before Reclassifications, Tax 0 (1) 1
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 1 2 (1)
Currency Translation [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other Comprehensive Income (Loss), before Reclassifications, before Tax (29) (23) (38)
Other Comprehensive Income (Loss), before Reclassifications, Tax 0 0 2
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax (29) (23) (36)
Currency Translation [Member] | Cost of Sales [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax 0 0 7
Reclassification from AOCI, Current Period, Tax 0 0 0
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 0 0 7
Postretirement benefits      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other Comprehensive Income (Loss), before Reclassifications, before Tax 1 (114) (8)
Other Comprehensive Income (Loss), before Reclassifications, Tax 0 31 1
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 1 (83)  
Total Other Comprehensive Income (Loss), Net of Taxes     (7)
Postretirement benefits | Other Nonoperating Income (Expense) [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax (58) 23 0
Reclassification from AOCI, Current Period, Tax 14 (6) 0
Reclassification from Accumulated Other Comprehensive Income, Net of Tax $ (44) $ 17 $ 0
v3.20.4
Supplemental Cash Flow Information (Cash Payments For Interest And Income Taxes) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Supplemental Cash Flow Information [Abstract]      
Interest, net of amounts capitalized $ 536 $ 419 $ 368
Income taxes, net of refunds $ 511 $ 557 $ 470
v3.20.4
Business And Summary Of Significant Accounting Policies
 12 Months Ended
Oct. 03, 2020
Accounting Policies [Abstract]  
Lessee, Leases [Policy Text Block]
Leases: We determine if an agreement is or contains a lease at its inception by evaluating if an identified asset exists that we control for a period of time. When a lease exists, we classify it as a finance or operating lease and record a right-of-use (“ROU”) asset and a corresponding lease liability at lease commencement. We have elected to not record leases with a term of 12 months or less in our Consolidated Balance Sheets, and accordingly, lease expense for these short-term leases is recognized on a straight-line basis over the lease term. Finance lease assets are presented within Net Property, Plant and Equipment and finance lease liabilities are presented within Current and Long-Term Debt in our Consolidated Balance Sheets. Finance lease disclosures are omitted as they are deemed immaterial. Operating ROU assets are presented within Other Assets, and operating lease liabilities are recorded within Other current liabilities and Other Liabilities in our Consolidated Balance Sheets. Lease assets are subject to review for impairment within the related long-lived asset group.
ROU assets are presented in our Consolidated Balance Sheets based on the present value of the corresponding liabilities and are adjusted for any prepayments, lease incentives received or initial direct costs incurred. The measurement of our ROU assets and liabilities includes all fixed payments and any variable payments based on an index or rate. Variable lease payments which do not depend on an index, or where rates are unknown, are excluded from lease payments in the measurement of the ROU asset and lease liability, and accordingly, are recognized as lease expense in the period the obligation for those payments is incurred. The present value of lease payments is based on our incremental borrowing rate according to the lease term and information available at the lease commencement date, as our lease arrangements generally do not provide an implicit interest rate. The incremental borrowing rate is derived using a hypothetically-collateralized borrowing cost, based on our revolving credit facility, plus a country risk factor, where applicable. We consider our credit rating and the current economic environment in determining the collateralized rate.
Our lease arrangements can include fixed or variable non-lease components, such as common area maintenance, taxes and labor. We account for each lease and any non-lease components associated with that lease as a single lease component for all asset classes, except production and livestock grower asset classes embedded in service and supply agreements, and other asset classes that include significant maintenance or service components. We account for lease and non-lease components of an agreement separately based on relative stand-alone prices either observable or estimated if observable prices are not readily available. For asset classes where an election was made not to separate lease and non-lease components, all costs associated with a lease contract are disclosed as lease costs. The accounting for some of the Company's leases may require significant judgment when determining whether a contract is or contains a lease, the lease term, and the likelihood of exercising renewal or termination options. Our leases can include options to extend or terminate use of the underlying assets. These options are included in the lease term used to determine ROU assets and corresponding liabilities when we are reasonably certain we will exercise the option. Additionally, certain leases can have residual value guarantees, which are included within our operating lease liabilities when considered probable. Our lease agreements do not include significant restrictions or covenants.
Recognition, measurement and presentation of expenses and cash flows arising from a lease will depend on classification as a finance or operating lease. Operating lease expense is recognized on a straight-line basis over the lease term, whereas the amortization of finance lease assets is recognized on a straight-line basis over the shorter of the estimated useful life of the underlying asset or the lease term. Operating lease expense and finance lease amortization are presented in Cost of Sales or Selling, General and Administrative in our Consolidated Statements of Income depending on the nature of the leased item. Interest expense on finance lease obligations is recorded over the lease term and is presented in Interest expense, based on the effective interest method. All operating lease cash payments and interest on finance leases are presented within Net cash provided by operating activities and all finance lease principal payments are presented within Net cash used in financing activities in our Consolidated Statements of Cash Flows.
Business And Summary Of Significant Accounting Policies BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Description of Business: Tyson Foods, Inc. (collectively, “Company,” “we,” “us” or “our”), is one of the world's largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the Company has a broad portfolio of products and brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. We innovate continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do.
Consolidation: The consolidated 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. All significant intercompany accounts and transactions have been eliminated in consolidation.
Fiscal Year: We utilize a 52- or 53-week accounting period ending on the Saturday closest to September 30. The Company’s accounting cycle resulted in a 53-week year for fiscal 2020 and a 52-week year for fiscal 2019 and fiscal 2018.
Cash and Cash Equivalents: Cash equivalents consist of investments in short-term, highly liquid securities having original maturities of three months or less, which are made as part of our cash management activity. The carrying values of these assets approximate their fair values. We primarily utilize a cash management system with a series of separate accounts consisting of lockbox accounts for receiving cash, concentration accounts where funds are moved to, and several zero-balance disbursement accounts for funding payroll, accounts payable, livestock procurement, livestock grower payments, etc. As a result of our cash management system, checks issued, but not presented to the banks for payment, may result in negative book cash balances. These negative book cash balances are included in accounts payable and other current liabilities. At October 3, 2020, and September 28, 2019, checks outstanding in excess of related book cash balances totaled approximately $200 million.
Accounts Receivable: We record accounts receivable at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on the accounts receivable balances and charged to the provision for doubtful accounts. We calculate this allowance based on our history of write-offs, level of past due accounts and relationships with and economic status of our customers. At October 3, 2020, and September 28, 2019, our allowance for uncollectible accounts was $26 million and $21 million, respectively. We generally do not have collateral for our receivables, but we do periodically evaluate the credit worthiness of our customers.
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. In fiscal 2020 and fiscal 2019, the cost of inventories was determined by either the first-in, first-out (“FIFO”) method or the weighted-average method. The following table reflects the major components of inventory at October 3, 2020, and September 28, 2019 (in millions):
20202019
Processed products$2,223 $2,362 
Livestock(1)
977 971 
Supplies and other659 596 
Total inventory$3,859 $3,929 
(1) As of October 3, 2020 the Livestock amounts have changed from $1,262 million as originally reported to $977 million as revised and as of September 28, 2019 have changed from $1,150 million as originally reported to $971 million as revised as further discussed below in the section “Revision.”
Property, Plant and Equipment: Property, plant and equipment are stated at cost and generally depreciated on a straight-line method over the estimated lives for buildings and leasehold improvements of 10 to 33 years, machinery and equipment of 3 to 12 years and land improvements and other of 3 to 20 years. Major repairs and maintenance costs that significantly extend the useful life of the related assets are capitalized. Normal repairs and maintenance costs are charged to operations.
We review the carrying value of long-lived assets at each balance sheet date if indication of impairment exists. Recoverability is assessed using undiscounted cash flows based on historical results and current projections of earnings before interest, taxes, depreciation and amortization. We measure impairment as the excess of carrying value over the fair value of an asset group. The fair value of an asset group is generally measured using discounted cash flows including market participant assumptions of future operating results and discount rates.
Goodwill and Intangible Assets: Definite life intangibles are initially recorded at fair value and amortized over the estimated period of benefit. Brands and trademarks are generally amortized using the straight-line method over 20 years or less. Customer relationships and supply arrangements are generally amortized over 7 to 30 years based on the pattern of revenue expected to be generated from the use of the asset. The gross cost and accumulated amortization of intangible assets are removed when the recorded amounts are fully amortized and the asset is no longer in use or the contract has expired. Amortization expense is generally recognized in selling, general, and administrative expense. We review the carrying value of definite life intangibles at each balance sheet date if indication of impairment exists. Recoverability is assessed using undiscounted cash flows based on historical results and current projections of earnings before interest, taxes, depreciation and amortization. We measure impairment as the excess of carrying value over the fair value of the definite life intangible asset. We use various valuation techniques to estimate fair value, with the primary techniques being discounted cash flows, relief-from-royalty and multi-period excess earnings valuation approaches, which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy. Under these valuation approaches, we are required to make estimates and assumptions about sales, operating margins, growth rates, royalty rates and discount rates based on budgets, business plans, economic projections, anticipated future cash flows and marketplace data.
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. Our goodwill is allocated by reporting unit and is evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative goodwill test is necessary. If it is determined, based on qualitative factors, the fair value of the reporting unit may be more likely than not less than carrying amount, or if significant changes to macro-economic factors related to the reporting unit have occurred that could materially impact fair value, a quantitative goodwill impairment test would be required. Additionally, we can elect to forgo the qualitative assessment and perform the quantitative test. The quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds the fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the carrying amount of goodwill.
We estimate the fair value of our reporting units considering the use of various valuation techniques, with the primary technique being an income approach (discounted cash flow method), with another technique being a market approach (guideline public company method), which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy. We include assumptions about sales, operating margins, growth rates, discount rates and valuations multiples which consider our budgets, business plans, economic projections and marketplace data, and are believed to reflect market participant views which would exist in an exit transaction. Assumptions are also made for varying perpetual growth rates for periods beyond the long-term business plan period. Generally, we utilize operating margin assumptions based on future expectations, operating margins historically realized in the reporting units' industries and industry marketplace valuation multiples.
Some of the inherent estimates and assumptions used in determining fair value of the reporting units 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 additional material impairments of our goodwill.
During fiscal 2020, 2019 and 2018, we determined none of our material reporting units' fair values were below its carrying value. All of our material reporting units’ estimated fair value exceeded their carrying value by more than 20% at the date of their most recent estimated fair value determination, other than the Domestic Chicken reporting unit, which had $3,266 million of goodwill at October 3, 2020.
For our indefinite life intangible assets, a qualitative assessment can also be performed to determine whether the existence of events and circumstances indicates it is more likely than not an intangible asset is impaired. Similar to goodwill, we can also elect to forgo the qualitative test for indefinite life intangible assets and perform the quantitative test. Upon performing the quantitative test, if the carrying value of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess.
The fair value of our indefinite life intangible assets is calculated principally using multi-period excess earnings and relief-from-royalty valuation approaches, which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy, and is believed to reflect market participant views which would exist in an exit transaction. Under these valuation approaches, we are required to make estimates and assumptions about sales, operating margins, growth rates, royalty rates and discount rates based on budgets, business plans, economic projections, anticipated future cash flows and marketplace data. During fiscal 2020, 2019 and 2018, we determined the fair value of each of our indefinite life intangible assets exceeded its carrying value. All of our indefinite life intangible assets’ estimated fair value exceeded their carrying value by more than 20% at the date of their most recent estimated fair value determination.
Leases: We determine if an agreement is or contains a lease at its inception by evaluating if an identified asset exists that we control for a period of time. When a lease exists, we classify it as a finance or operating lease and record a right-of-use (“ROU”) asset and a corresponding lease liability at lease commencement. We have elected to not record leases with a term of 12 months or less in our Consolidated Balance Sheets, and accordingly, lease expense for these short-term leases is recognized on a straight-line basis over the lease term. Finance lease assets are presented within Net Property, Plant and Equipment and finance lease liabilities are presented within Current and Long-Term Debt in our Consolidated Balance Sheets. Finance lease disclosures are omitted as they are deemed immaterial. Operating ROU assets are presented within Other Assets, and operating lease liabilities are recorded within Other current liabilities and Other Liabilities in our Consolidated Balance Sheets. Lease assets are subject to review for impairment within the related long-lived asset group.
ROU assets are presented in our Consolidated Balance Sheets based on the present value of the corresponding liabilities and are adjusted for any prepayments, lease incentives received or initial direct costs incurred. The measurement of our ROU assets and liabilities includes all fixed payments and any variable payments based on an index or rate. Variable lease payments which do not depend on an index, or where rates are unknown, are excluded from lease payments in the measurement of the ROU asset and lease liability, and accordingly, are recognized as lease expense in the period the obligation for those payments is incurred. The present value of lease payments is based on our incremental borrowing rate according to the lease term and information available at the lease commencement date, as our lease arrangements generally do not provide an implicit interest rate. The incremental borrowing rate is derived using a hypothetically-collateralized borrowing cost, based on our revolving credit facility, plus a country risk factor, where applicable. We consider our credit rating and the current economic environment in determining the collateralized rate.
Our lease arrangements can include fixed or variable non-lease components, such as common area maintenance, taxes and labor. We account for each lease and any non-lease components associated with that lease as a single lease component for all asset classes, except production and livestock grower asset classes embedded in service and supply agreements, and other asset classes that include significant maintenance or service components. We account for lease and non-lease components of an agreement separately based on relative stand-alone prices either observable or estimated if observable prices are not readily available. For asset classes where an election was made not to separate lease and non-lease components, all costs associated with a lease contract are disclosed as lease costs. The accounting for some of the Company's leases may require significant judgment when determining whether a contract is or contains a lease, the lease term, and the likelihood of exercising renewal or termination options. Our leases can include options to extend or terminate use of the underlying assets. These options are included in the lease term used to determine ROU assets and corresponding liabilities when we are reasonably certain we will exercise the option. Additionally, certain leases can have residual value guarantees, which are included within our operating lease liabilities when considered probable. Our lease agreements do not include significant restrictions or covenants.
Recognition, measurement and presentation of expenses and cash flows arising from a lease will depend on classification as a finance or operating lease. Operating lease expense is recognized on a straight-line basis over the lease term, whereas the amortization of finance lease assets is recognized on a straight-line basis over the shorter of the estimated useful life of the underlying asset or the lease term. Operating lease expense and finance lease amortization are presented in Cost of Sales or Selling, General and Administrative in our Consolidated Statements of Income depending on the nature of the leased item. Interest expense on finance lease obligations is recorded over the lease term and is presented in Interest expense, based on the effective interest method. All operating lease cash payments and interest on finance leases are presented within Net cash provided by operating activities and all finance lease principal payments are presented within Net cash used in financing activities in our Consolidated Statements of Cash Flows.
Investments: We have investments in joint ventures and other entities. The equity method of accounting is used for entities in which we exercise significant influence but do not have a controlling interest or a variable interest in which we are the primary beneficiary. Investments not accounted for using the equity method do not have readily determinable fair values and do not qualify for the practical expedient to measure the investment using a net asset value per share. These investments are recorded using the measurement alternative in which our equity interests are recorded at cost, less impairments, adjusted for observable price changes in orderly transactions for an identical or similar investment of the same issuer. At each reporting period, we assess if these investments continue to qualify for this measurement alternative. An impairment is recorded when there is evidence that the expected fair value of the investment has declined to below the recorded cost. Adjustments to the carrying value are recorded in Other, net in the Consolidated Statements of Income. Investments in joint ventures and other entities are reported in the Consolidated Balance Sheets in Other Assets.
We also have investments in marketable debt securities. We have determined all of our marketable debt securities are available-for-sale investments. These investments are reported at fair value based on quoted market prices as of the balance sheet date, with unrealized gains and losses, net of tax, recorded in other comprehensive income.
The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization is recorded in interest income. The cost of securities sold is based on the specific identification method. Realized gains and losses on the sale of debt securities and declines in value judged to be other than temporary are recorded on a net basis in other income. Interest and dividends on securities classified as available-for-sale are recorded in interest income.
Accrued Self-Insurance: We use a combination of insurance and self-insurance mechanisms in an effort to mitigate the potential liabilities for health and welfare, workers’ compensation, auto liability and general liability risks. Liabilities associated with our risks retained are estimated, in part, by considering claims experience, demographic factors, severity factors and other actuarial assumptions.
Other Current Liabilities: Other current liabilities at October 3, 2020, and September 28, 2019, include (in millions):
 20202019
Accrued salaries, wages and benefits$823 $620 
Other987 865 
Total other current liabilities$1,810 $1,485 
Defined Benefit Plans: We recognize the funded status of defined pension and postretirement plans in the Consolidated Balance Sheets. The funded status is measured as the difference between the fair value of the plan assets and the benefit obligation. We measure our plan assets and liabilities at the end of our fiscal year. For a defined benefit pension plan, the benefit obligation is the projected benefit obligation; for any other defined benefit postretirement plan, such as a retiree health care plan, the benefit obligation is the accumulated postretirement benefit obligation. Any overfunded status is recognized as an asset and any underfunded status is recognized as a liability. Any transitional asset/liability, prior service cost or actuarial gain/loss that has not yet been recognized as a component of net periodic cost is recognized in accumulated other comprehensive income. Accumulated other comprehensive income will be adjusted as these amounts are subsequently recognized as a component of net periodic benefit costs in future periods.
Derivative Financial Instruments: We purchase certain commodities, such as grains and livestock in the course of normal operations. As part of our commodity risk management activities, we use derivative financial instruments, primarily futures and options, to reduce our exposure to various market risks related to these purchases, as well as to changes in foreign currency exchange and interest rates. Contract terms of a financial instrument qualifying as a hedge instrument closely mirror those of the hedged item, providing a high degree of risk reduction and correlation. Contracts designated and highly effective at meeting risk reduction and correlation criteria are recorded using hedge accounting. If a derivative instrument is accounted for as a hedge, depending on the nature of the hedge, changes in the fair value of the instrument either will be offset against the change in fair value of the hedged assets, liabilities or firm commitments through earnings, or be recognized in other comprehensive income (loss) until the hedged item is recognized in earnings. The ineffective portion of an instrument’s change in fair value is recognized immediately. Instruments we hold as part of our risk management activities that do not meet the criteria for hedge accounting are marked to fair value with unrealized gains or losses reported currently in earnings. Changes in market value of derivatives used in our risk management activities relating to inputs of forward sales contracts are recorded in cost of sales. Changes in market value of derivatives used in our risk management activities surrounding inventories on hand or anticipated purchases of inventories are recorded in cost of sales. Changes in market value of derivatives used in our risk management activities related to interest rates are recorded in interest expense. Changes in the market value of derivatives used in our risk management activities related to foreign exchange contracts are recorded in other, net. We generally do not hedge anticipated transactions beyond 18 months.
Litigation Reserves: There are a variety of legal proceedings pending or threatened against us. Accruals are recorded when it is probable a liability has been incurred and the amount of the liability can be reasonably estimated based on current law, progress of each case, opinions and views of legal counsel and other advisers, our experience in similar matters and intended response to the litigation. These amounts, which are not discounted and are exclusive of claims against third parties, are adjusted periodically as assessment efforts progress or additional information becomes available. We expense amounts for administering or litigating claims as incurred. Accruals for legal proceedings are included in Other current liabilities in the Consolidated Balance Sheets.
Revenue Recognition: We recognize revenue mainly through retail, foodservice, international, industrial and other distribution channels. Our revenues primarily result from contracts with customers and are generally short term in nature with the delivery of product as the single performance obligation. We recognize revenue for the sale of the product at the point in time when our performance obligation has been satisfied and control of the product has transferred to our customer, which generally occurs upon shipment or delivery to a customer based on terms of the sale. We elected to account for shipping and handling activities that occur after the customer has obtained control of the product as a fulfillment cost rather than an additional promised service. Our contracts are generally less than one year, and therefore we recognize costs paid to third party brokers to obtain contracts as expenses. Additionally, items that are not material in the context of the contract are recognized as expense. Any taxes collected on behalf of government authorities are excluded from net revenues.
Revenue is measured by the transaction price, which is defined as the amount of consideration we expect to receive in exchange for providing goods to customers. The transaction price is adjusted for estimates of known or expected variable consideration, which includes consumer incentives, trade promotions, and allowances, such as coupons, discounts, rebates, volume-based incentives, cooperative advertising, and other programs. Variable consideration related to these programs is recorded as a reduction to revenue based on amounts we expect to pay. We base these estimates on current performance, historical utilization, and projected redemption rates of each program. We review and update these estimates regularly until the incentives or product returns are realized and the impact of any adjustments are recognized in the period the adjustments are identified. In many cases, key sales terms such as pricing and quantities ordered are established on a regular basis such that most customer arrangements and related incentives have a duration of less than one year. Amounts billed and due from customers are short term in nature and are classified as receivables since payments are unconditional and only the passage of time is required before payments are due. Additionally, we do not grant payment financing terms greater than one year. Freight expense associated with products shipped to customers is recognized in cost of sales.
Advertising Expenses: Advertising expense is charged to operations in the period incurred and is recorded as selling, general and administrative expense. Advertising expense totaled $283 million, $276 million and $243 million in fiscal 2020, 2019 and 2018, respectively.
Research and Development: Research and development costs are expensed as incurred. Research and development costs totaled $98 million, $97 million and $114 million in fiscal 2020, 2019 and 2018, respectively.
Business Combinations: We account for acquired businesses using the acquisition method of accounting, which requires that once control of a business is obtained, 100% of the assets acquired and liabilities assumed, including amounts attributable to noncontrolling interests, be recorded at the date of acquisition at their respective fair values. Any excess of the purchase price over the estimated fair values of the net assets acquired is recorded as goodwill. Acquisition-related expenses including transaction and integration costs are expensed as incurred.
We use various models to determine the value of assets acquired such as net realizable value to value inventory, cost method and market approach to value property, relief-from-royalty and multi-period excess earnings to value intangibles, and discounted cash flow to value goodwill. We make estimates and assumptions about projected future cash flows including sales, operating margins, attrition rates, growth rates, and discount rates based on historical results, business plans, expected synergies, perceived risk, and market place data considering the perspective of marketplace participants. Determining the useful life of an intangible asset also requires judgment as different types of intangible assets will have different useful lives and certain assets may be considered to have indefinite useful lives.
Use of Estimates: The consolidated 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 financial statements and accompanying notes. Actual results could differ from those estimates.
Risks and Uncertainties: We have considered the impact of the global novel coronavirus pandemic (“COVID-19” or “pandemic”) on our consolidated financial statements. In addition to the COVID-19 impacts already experienced, there likely will be future impacts, the extent of which is uncertain and largely subject to whether the severity worsens or duration lengthens. These impacts could include but may not be limited to risks and uncertainty related to worker availability, our ability to operate production facilities, demand-driven production facility idling, shifts in demand between sales channels and market volatility in our supply chain. Consequently, this may subject us to future risk of material goodwill, intangible and long-lived asset impairments, increased reserves for uncollectible accounts, and adjustments for inventory and market volatility for items subject to fair value measurements such as derivatives and investments.
Revision: Subsequent to the filing of the Original Form 10-K on November 16, 2020, the Company discovered information that led to an internal investigation relating to one of its cattle suppliers and determined that this supplier made misrepresentations regarding the number of cattle the supplier purchased on behalf of the Company’s Beef segment. Based upon the recently completed investigation, the Company determined that the misappropriation of Company funds by the supplier caused the Company to overstate live cattle inventory for fiscal years and interim periods from 2017 through 2020. The resulting loss to the Company and related inventory misstatement is isolated to the Beef segment and is attributable solely to this cattle supplier. The Company concluded that the misrepresentations regarding live cattle inventory did not have a material impact on the Company’s previously issued annual and interim period consolidated financial statements. However, the Company determined it necessary to revise the accompanying consolidated annual financial statements to correct the misstatement in the periods impacted. The applicable notes to the accompanying financial statements have also been revised to correct for these misstatements. Refer to Note 22: Quarterly Financial Data (Unaudited) for the impact of the misstatements and resulting revision on our unaudited interim quarterly financial information.
The following tables reflect the impact of this revision on our consolidated financial statements as of and for the fiscal years indicated:
Consolidated Balance Sheetsin millions
As of October 3, 2020As of September 28, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Inventories$4,144 $(285)$3,859 $4,108 $(179)$3,929 
Total Current Assets7,883 (285)7,598 7,169 (179)6,990 
Total Assets34,741 (285)34,456 33,097 (179)32,918 
Deferred Income Taxes2,391 (74)2,317 2,356 (47)2,309 
Retained Earnings (a)15,311 (211)15,100 13,787 (132)13,655 
Total Tyson Shareholders' Equity15,465 (211)15,254 14,082 (132)13,950 
Total Shareholders' Equity15,597 (211)15,386 14,226 (132)14,094 
Total Liabilities and Shareholders' Equity34,741 (285)34,456 33,097 (179)32,918 
Consolidated Statements of Incomein millions
Year ended October 3, 2020Year ended September 28, 2019Year ended September 29, 2018
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Selling, General and Administrative$2,270 $106 $2,376 $2,195 $57 $2,252 $2,064 $63 $2,127 
Operating Income3,114 (106)3,008 2,827 (57)2,770 3,032 (63)2,969 
Income before Income Taxes2,770 (106)2,664 2,431 (57)2,374 2,745 (63)2,682 
Income Tax Expense (Benefit)620 (27)593 396 (15)381 (282)(9)(291)
Net Income2,150 (79)2,071 2,035 (42)1,993 3,027 (54)2,973 
Net Income Attributable to Tyson2,140 (79)2,061 2,022 (42)1,980 3,024 (54)2,970 
Net Income Per Share Attributable to Tyson:
   Class A$6.02 $(0.23)$5.79 $5.67 $(0.11)$5.56 $8.44 $(0.15)$8.29 
   Class B$5.41 $(0.20)$5.21 $5.10 $(0.11)$4.99 $7.59 $(0.13)$7.46 
   Diluted$5.86 $(0.22)$5.64 $5.52 $(0.12)$5.40 $8.19 $(0.15)$8.04 
Consolidated Statements of Comprehensive Incomein millions
Year ended October 3, 2020Year ended September 28, 2019Year ended September 29, 2018
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Net Income$2,150 $(79)$2,071 $2,035 $(42)$1,993 $3,027 $(54)$2,973 
Comprehensive Income2,088 (79)2,009 1,933 (42)1,891 2,983 (54)2,929 
Comprehensive Income Attributable to Tyson2,078 (79)1,999 1,920 (42)1,878 2,980 (54)2,926 
Consolidated Statements of Cash Flowsin millions
Year ended October 3, 2020Year ended September 28, 2019Year ended September 29, 2018
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Net Income$2,150 $(79)$2,071 $2,035 $(42)$1,993 $3,027 $(54)$2,973 
Deferred Income Taxes45 (27)18 92 (15)77 (865)(9)(874)
(Increase) decrease in inventories(20)106 86 (214)57 (157)(207)63 (144)
(a) Beginning Retained Earnings for the fiscal year ended September 28, 2019 was revised from $12,329 million to $12,239 million to reflect the $90 million misappropriation and resulting overstatement of live cattle inventory that originated prior to fiscal 2019, including $36 million which originated prior to fiscal 2018.
Recently Issued Accounting Pronouncements:
In August 2020, the Financial Accounting Standards Board (“FASB”) issued guidance that simplifies the accounting for debt with conversion options, revises the criteria for applying the derivative scope exception for contracts in an entity’s own equity, and improves the consistency for the calculation of earnings per share. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2021, our fiscal 2023. Early adoption is permitted for annual periods and interim periods within those annual periods beginning after December 15, 2020, our fiscal 2022. We are currently evaluating the impact this guidance will have on our consolidated financial statements.
In March 2020, the FASB issued guidance providing optional expedients and exceptions to account for the effects of reference rate reform to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued. The optional guidance, which became effective on March 12, 2020 and can be applied through December 21, 2022, has not impacted our consolidated financial statements. The Company has various contracts that reference LIBOR and is assessing how this standard may be applied to specific contract modifications through December 31, 2022.
In December 2019, the FASB issued guidance that simplifies the accounting for income taxes by removing certain exceptions to general principles in Topic 740 and clarifies other general principles by adding certain requirements to Topic 740. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2020, our fiscal 2022. Early adoption is permitted for periods for which financial statements have not yet been issued, beginning our fiscal 2020. An entity that elects to early adopt the amendments in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. The application of the guidance requires various transition methods depending on the specific amendment. We are currently evaluating the impact this guidance will have on our consolidated financial statements.
In June 2016, the FASB issued guidance that provides more decision-useful information about the expected credit losses on financial instruments and changes the loss impairment methodology. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2019, our fiscal 2021. We will adopt this guidance using the modified retrospective and prospective transition methods beginning in the first quarter of fiscal 2021. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.
v3.20.4
Changes in Accounting Principles
 12 Months Ended
Oct. 03, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Changes In Accounting Principles CHANGES IN ACCOUNTING PRINCIPLES
In August 2017, the FASB issued guidance that eases certain documentation and assessment requirements of hedge effectiveness and modifies the accounting for components excluded from the assessment. Some of the modifications included the ineffectiveness of derivative gain/loss in highly effective cash flow hedges to be recorded in Other Comprehensive Income, alignment of the recognition and presentation of the effects related to the hedging instrument and hedged item in the financial statements, and additional disclosures required on the cumulative basis adjustment in fair value hedges and the effect of hedging on financial statement lines for components excluded from the assessment. The amendment also simplified the application of hedge accounting in certain situations to permit new hedging strategies to be eligible for hedge accounting. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2018, our fiscal 2020. We adopted this guidance in the first quarter of fiscal 2020 using the modified retrospective transition approach, and it did not have a material impact on our consolidated financial statements.
In February 2016, the FASB issued guidance that created new accounting and reporting guidelines for leasing arrangements. The guidance requires lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses and cash flows arising from a lease will depend on classification as a finance or operating lease. The guidance also requires qualitative and quantitative disclosures regarding the amount, timing, and uncertainty of cash flows arising from leases. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2018, our fiscal 2020. We adopted this guidance in the first quarter of fiscal 2020 using the optional transition method that allows for a cumulative-effect adjustment in the period of adoption with no restatement of prior periods. We have elected the package of practical expedients available under the transition guidance which allows us to not reassess prior conclusions related to lease classifications, existing contracts containing leases, and initial direct costs, as well as the practical expedient that allows the continued historical treatment of land easements. We did not elect the practical expedient for the use of hindsight in evaluating the expected lease term of existing leases. The adoption resulted in the recording of operating lease assets and operating lease liabilities of $549 million and $546 million, respectively, as of September 29, 2019, with no changes to our finance leases. The difference between the additional lease assets and lease liabilities, represents existing deferred rent and prepaid lease balances that were reclassified on the balance sheet. The adoption did not have a material impact on our Consolidated Statements of Income or our Consolidated Statements of Cash Flows. For further description of our lease policy refer to Note 1: Business and Summary of Significant Accounting Policies, and for quantitative lease information refer to Note 6: Leases.
v3.20.4
Acquisitions and Dispositions
 12 Months Ended
Oct. 03, 2020
Business Combinations [Abstract]  
Acquisitions and Dispositions ACQUISITIONS AND DISPOSITIONS
Acquisitions
On June 3, 2019, we acquired the Thai and European operations of BRF S.A. (“Thai and European operations”) for $326 million, net of cash acquired, subject to certain adjustments, as a part of our growth strategy to expand offerings of value-added protein in global markets. Its results, subsequent to the acquisition closing, are included in International/Other for segment presentation. The purchase price allocation included $262 million of net working capital, including $56 million of cash acquired, $89 million of Property, Plant and Equipment, $47 million of Goodwill, $23 million of Intangible Assets, $24 million of Other Liabilities, $8 million of Deferred Income Taxes and $7 million of Noncontrolling Interest. Intangible Assets included customer relationships which will be amortized over a life of 7 years. We do not expect the goodwill to be deductible for income tax purposes. During fiscal 2020, we recorded measurement period adjustments, which increased Goodwill by $46 million, including a reduction to net working capital of $45 million, a reduction to Property, Plant and Equipment of $4 million, and a decrease in Deferred Income Taxes of $3 million.
On November 30, 2018, we acquired all of the outstanding common stock of MFG (USA) Holdings, Inc. and McKey Luxembourg Holdings S.à.r.l. (“Keystone Foods”) from Marfrig Global Foods (“Marfrig”) for $2.3 billion in cash, subject to certain adjustments. The acquisition was accounted for using the acquisition method of accounting and the results of Keystone Foods' domestic and international results, subsequent to the acquisition closing, are included in our Chicken segment and International/Other, respectively.
The following table summarizes the purchase price allocation for Keystone Foods and fair values of the assets acquired and liabilities assumed at the acquisition date (in millions):
Cash and cash equivalents$186 
Accounts receivable106 
Inventories257 
Other current assets34 
Property, Plant and Equipment676 
Goodwill1,120 
Intangible Assets659 
Other Assets28 
Current debt(73)
Accounts payable(208)
Other current liabilities(99)
Long-Term Debt(113)
Deferred Income Taxes(177)
Other Liabilities(8)
Noncontrolling Interests(122)
Net assets acquired$2,266 
The fair value of identifiable intangible assets primarily consisted of customer relationships with a weighted average life of 25 years. As a result of the acquisition, we recognized a total of $1,120 million of goodwill. The purchase price was assigned to assets acquired and liabilities assumed based on their estimated fair values as of the date of acquisition, and any excess was allocated to goodwill, as shown in the table above. Goodwill represents the value we expect to achieve through the implementation of operational synergies and growth opportunities. We allocated goodwill to our segments using the acquisition method approach. This resulted in $779 million and $341 million of goodwill allocated to our Chicken segment and International/Other, respectively. We do not expect the goodwill to be deductible for income tax purposes.
We used various valuation techniques to determine fair value, with the primary techniques being discounted cash flow, relief-from-royalty, market pricing multiple and multi-period excess earnings valuation approaches, which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy. Under these valuation approaches, we are required to make estimates and assumptions about sales, operating margins, growth rates, attrition rates, royalty rates, EBITDA multiples, and discount rates based on budgets, business plans, economic projections, anticipated future cash flows and marketplace data.
On August 20, 2018, we acquired the assets of American Proteins, Inc. and AMPRO Products, Inc. (“American Proteins”), a poultry rendering and blending operation for $864 million, as part of our strategic expansion and sustainability initiatives. Its results, subsequent to the acquisition closing, are included in our Chicken segment. The purchase price allocation included $56 million of net working capital, $152 million of Property, Plant and Equipment, $361 million of Intangible Assets, $308 million of Goodwill, and $13 million of Other liabilities. Intangible Assets primarily included $310 million assigned to supply network which will be amortized over 14 years and $51 million assigned to customer relationships which will be amortized over a weighted average of 12 years. All of the goodwill acquired is amortizable for tax purposes. During fiscal 2019, we settled the net-working capital purchase price adjustment reducing the purchase price by $2 million and recorded measurement period adjustments which increased goodwill by $66 million, including a reduction to net working capital of $15 million, a reduction to Property, Plant and Equipment of $3 million, and a reduction to intangible assets of $50 million.
On June 4, 2018, we acquired Tecumseh Poultry, LLC (“Tecumseh”), a vertically integrated value-added protein business for $382 million, net of cash acquired, as part of our strategy to grow in the high quality, branded poultry market. Its results, subsequent to the acquisition closing, are included in our Chicken segment. The purchase price allocation included $13 million of net working capital, including $1 million of cash acquired, $49 million of Property, Plant and Equipment, $227 million of Intangible Assets and $94 million of Goodwill. Intangible Assets included $193 million assigned to brands and trademarks which will be amortized over 20 years. All of the goodwill acquired is amortizable for tax purposes.
On November 10, 2017, we acquired Original Philly Holdings, Inc. (“Original Philly”), a value-added protein business, for $226 million, net of cash acquired, as part of our strategic expansion initiative. Its results, subsequent to the acquisition closing, are included in our Prepared Foods and Chicken segments. The purchase price allocation included $21 million of net working capital, including $10 million of cash acquired, $13 million of Property, Plant and Equipment, $90 million of Intangible Assets and $111 million of Goodwill. We allocated $82 million and $29 million of goodwill to our Prepared Foods and Chicken segments, respectively, using the acquisition method approach. All of the goodwill acquired is amortizable for tax purposes.
On January 15, 2020, we acquired a 40% minority interest in a vertically-integrated Brazilian poultry producer for $122 million. On February 7, 2020, we acquired a 50% interest in a joint venture serving the worldwide fats and oils market for $61 million. We are accounting for both of these investments under the equity method.
Dispositions
On April 24, 2017, we announced our intent to sell three non-protein businesses as part of our strategic focus on protein brands. These businesses, which were all part of our Prepared Foods segment, included Sara Lee® Frozen Bakery, Kettle and Van’s® and produce items such as frozen desserts, waffles, snack bars, and soups, sauces and sides. The sale also included the Chef Pierre®, Bistro Collection®, Kettle Collection™, and Van’s® brands, a license to use the Sara Lee® brand in various channels, as well as our Tarboro, North Carolina, Fort Worth, Texas, and Traverse City, Michigan, prepared foods facilities.
We completed the sale of our Kettle business on December 30, 2017, and received net proceeds of $125 million including a working capital adjustment. As a result of the sale, we recorded a pretax gain of $22 million, which is reflected in Cost of Sales in our Consolidated Statement of Income for our fiscal 2018. We utilized the net proceeds to pay down term loan debt.
We completed the sale of our Sara Lee® Frozen Bakery and Van’s® businesses on July 30, 2018 for $623 million including a working capital adjustment. As a result of the sale, we recorded a pretax gain of $11 million, which is reflected in Cost of Sales in our Consolidated Statement of Income for our fiscal 2018. We utilized the net proceeds to repay commercial paper.
Previously in fiscal 2018, we recorded a pretax impairment charge for these businesses of $101 million due to revised estimates of the businesses' fair value based on expected net sales proceeds at the time of the impairment. This charge was recorded in Cost of Sales in our Consolidated Statement of Income, and primarily consisted of goodwill previously classified within assets held for sale.
In the first quarter of fiscal 2018, we made the decision to sell TNT Crust, our pizza crust business, which was also included in our Prepared Foods segment, as part of our strategic focus on protein brands. We completed the sale of this business on September 2, 2018, for $57 million net of adjustments. As a result of the sale, we recorded a pretax gain of $9 million, which is reflected in Cost of Sales in our Consolidated Statement of Income for our fiscal 2018. We utilized the net proceeds to repay commercial paper.
We completed the sale of a chicken further processing facility acquired during the Keystone Foods acquisition on August 31, 2019 for $170 million net proceeds, which did not result in a significant gain or loss.
v3.20.4
Property, Plant And Equipment
 12 Months Ended
Oct. 03, 2020
Property, Plant and Equipment, Net [Abstract]  
Property, Plant And Equipment PROPERTY, PLANT AND EQUIPMENT
The following table reflects major categories of property, plant and equipment and accumulated depreciation at October 3, 2020, and September 28, 2019 (in millions):
20202019
Land$196 $198 
Building and leasehold improvements4,961 4,747 
Machinery and equipment9,013 8,607 
Land improvements and other420 385 
Buildings and equipment under construction991 713 
15,581 14,650 
Less accumulated depreciation7,985 7,368 
Net property, plant and equipment$7,596 $7,282 
Approximately $1,102 million will be necessary to complete buildings and equipment under construction at October 3, 2020.
v3.20.4
Goodwill And Intangible Assets
 12 Months Ended
Oct. 03, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Intangible Assets GOODWILL AND INTANGIBLE ASSETS
The following table reflects goodwill activity for fiscal 2020 and 2019 (in millions):
BeefPorkChickenPrepared
Foods		International/OtherUnallocatedConsolidated
Balance at September 29, 2018
Goodwill$1,236 $423 $2,498 $6,142 $57 $— $10,356 
Accumulated impairment losses(560)— — — (57)— (617)
$676 $423 $2,498 $6,142 $— $— $9,739 
Fiscal 2019 Activity:
Acquisition$— $— $779 $— $342 $— $1,121 
Measurement period adjustments— — 66 — — — 66 
Reclass to assets held for sale— — (70)(7)— — (77)
Currency translation and other— — 1 (1)(5)— (5)
Balance at September 28, 2019
Goodwill1,236 423 3,274 6,134 394 — 11,461 
Accumulated impairment losses(560)— — — (57)— (617)
$676 $423 $3,274 $6,134 $337 $— $10,844 
Fiscal 2020 Activity:
Measurement period adjustments$— $— $— $— $46 $— $46 
Currency translation and other— — — — 9 — 9 
Balance at October 03, 2020
Goodwill1,236 423 3,274 6,134 449 — 11,516 
Accumulated impairment losses(560)— — — (57)— (617)
$676 $423 $3,274 $6,134 $392 $— $10,899 
The following table reflects intangible assets by type at October 3, 2020, and September 28, 2019 (in millions):
20202019
Amortizable intangible assets:
Brands and trademarks$951 $945 
Customer relationships2,388 2,389 
Supply Arrangements310 310 
Patents, intellectual property and other44 34 
Land use rights8 8 
  Total gross amortizable intangible assets$3,701 $3,686 
     Less accumulated amortization1,005 727 
  Total net amortizable intangible assets$2,696 $2,959 
Brands and trademarks not subject to amortization4,078 4,078 
  Total intangible assets$6,774 $7,037 
Amortization expense of $278 million, $267 million and $210 million was recognized during fiscal 2020, 2019 and 2018, respectively. We estimate amortization expense on intangible assets for the next five fiscal years subsequent to October 3, 2020, will be: 2021 - $261 million; 2022 - $247 million; 2023 - $228 million; 2024 - $223 million; 2025 - $214 million.
v3.20.4
Leases (Notes)
 12 Months Ended
Oct. 03, 2020
Leases [Abstract]  
Leases of Lessee Disclosure [Text Block] LEASES
We lease certain equipment, buildings and land related to transportation, distribution, storage, production, livestock grower assets and office activities. These lease arrangements can be structured as a standard lease agreement or embedded in a service or supply agreement and are primarily classified as operating leases. For further description of our lease accounting policy, refer to Note 1: Business and Summary of Significant Accounting Policies. Operating lease ROU assets and liabilities presented in our Consolidated Balance Sheets were as follows (in millions):
October 3, 2020
Other Assets$532 
Other current liabilities161 
Other Liabilities368 
The components of lease costs were as follows (in millions):
Twelve Months Ended
October 3, 2020
Operating lease cost (a)
$199 
Variable lease cost (b)
451 
Short-term lease cost38 
Total$688 
(a) Sublease income is immaterial and not deducted from operating lease cost.
(b) Variable lease costs are determined based on volume of output received, flocks placed or other performance metrics.
Other operating lease information includes the following:
Twelve months ended October 3, 2020
Operating cash outflows from operating leases (in millions)$211 
ROU assets obtained in exchange for new operating lease liabilities (in millions)$167 
Weighted-average remaining lease term5 years
Weighted-average discount rate3 %
At October 3, 2020, future maturities of operating leases were as follows (in millions):
Operating Lease Commitments
2021$173 
2022129 
202388 
202464 
202545 
2026 and beyond63 
Total undiscounted operating lease payments$562 
Less: Imputed interest33 
Present value of total operating lease liabilities$529 
At October 3, 2020, our leases that had not yet commenced were not significant.
Prior Year Lease Disclosures
The following pertains to previously disclosed information set forth in the Company's 2019 Form 10-K, Part II, Item 8, Notes to the Consolidated Financial Statements, Note 20: Commitments and Contingencies.
We lease equipment, properties and certain farms for which total rentals approximated $220 million and $200 million, in fiscal 2019 and 2018, respectively. Most leases have initial terms of up to seven years, some with varying renewal periods. Minimum lease commitments under non-cancelable leases at September 28, 2019 were (in millions):
Operating Lease Commitments
2020$159 
2021113 
202274 
202349 
202440 
2025 and beyond54 
Total$489 
We enter into agreements with livestock growers that can have fixed and variable payment structures, but are generally cancelable and based on flocks placed with growers. Livestock grower fixed or estimable non-cancelable commitments at September 28, 2019 were (in millions):
Livestock Grower Commitments
2020$253 
2021131 
202286 
202358 
202449 
2025 and beyond122 
Total$699 
v3.20.4
Restructuring and Related Charges
 12 Months Ended
Oct. 03, 2020
Restructuring and Related Activities [Abstract]  
Restructuring and Related Charges RESTRUCTURING AND RELATED CHARGESIn the first quarter of fiscal 2020, the Company approved a restructuring program (the “2020 Program”), which is expected to contribute to the Company’s overall strategy of financial fitness through the elimination of overhead and consolidation of certain enterprise functions. In the fourth quarter of fiscal 2020, the Company extended the 2020 Program as it identified additional opportunities to eliminate overhead by optimizing organizational structures and other activities. We have recognized $60 million of cumulative pretax charges in fiscal 2020 associated with the 2020 Program consisting of severance and employee related costs. As part of the 2020 Program, we are eliminating positions across several areas and job levels, with eliminated positions originating from the corporate offices in Springdale, Arkansas and Chicago, Illinois, as well as certain production facility and supply chain administrative positions. The majority of the positions have already been or are expected to be eliminated by the end of fiscal 2021.
In the fourth quarter of fiscal 2017, our Board of Directors approved a multi-year restructuring program (the “2017 Program”), which contributed to the Company’s overall strategy of financial fitness through increased operational effectiveness and overhead reduction. The 2017 Program resulted in cumulative pretax charges of $267 million which consisted of $117 million incremental costs to implement new technology and accelerated depreciation of technology assets, $53 million severance and employee related costs, $72 million technology impairment, and $25 million for contract termination costs. The 2017 Program concluded in fiscal 2020.
We recognized restructuring and related charges of $77 million during fiscal 2020, consisting of $60 million of severance and team member related costs from the 2020 Program and $17 million of incremental costs to implement new technology from the 2017 Program. For fiscal 2020, we recorded $17 million in Cost of Sales from the 2020 Program, and we recorded $60 million in Selling, General and Administrative in our Consolidated Statements of Income, of which $43 million is related to the 2020 Program and $17 million is related to the 2017 Program.
For fiscal 2019 and 2018 the restructuring and related charges related to the 2017 Program consisted of $41 million and $59 million, respectively, of incremental costs to implement new technology and accelerated depreciation of technology assets. These costs were recorded in Selling, General and Administrative in our Consolidated Statements of Income.
The following table reflects the pretax impact of restructuring and related charges during fiscal 2020, 2019 and 2018 and the charges to date, by reportable segment (in millions):
201820192020Total charges to date
Beef$4 $1 $9 $22 
Pork1 1 3 8 
Chicken30 21 34 141 
Prepared Foods24 18 28 152 
International/Other— — 3 4 
Total restructuring and related charges, pretax$59 $41 $77 $327 
We do not anticipate future costs of the 2020 Program to be significant, however, as the Company continues to evaluate its business strategies and long-term growth targets, additional restructuring activities may occur.
Our restructuring liability was $37 million at October 3, 2020 and we had no restructuring liability at September 28, 2019. The change in the restructuring liability was due to additional charges of $77 million, net of $40 million primarily consisting of payments, during fiscal 2020.
v3.20.4
Income Taxes
 12 Months Ended
Oct. 03, 2020
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Detail of the provision (benefit) for income taxes from continuing operations consists of the following (in millions):
202020192018
Federal$477 $314 $(431)
State98 38 114 
Foreign18 29 26 
 $593 $381 $(291)
Current$575 $304 $583 
Deferred18 77 (874)
 $593 $381 $(291)
The reasons for the difference between the statutory federal income tax rate and our effective income tax rate from continuing operations are as follows:
202020192018
Federal income tax rate21.0 %21.0 %24.5 %
State income taxes2.9 2.8 3.2 
Unrecognized tax benefits, net(0.1)(6.7)(0.1)
Impact of the Tax Act— — (38.4)
Domestic production deduction— — (1.7)
Impairment and sale of non-protein businesses— — 3.2 
Other(1.5)(1.0)(1.5)
22.3 %16.1 %(10.8)%
During fiscal 2020, state tax expense, net of federal benefit, was $78 million.
During fiscal 2019, changes in unrecognized tax benefits decreased tax expense by $160 million, and state tax expense, excluding changes in unrecognized tax benefits and net of federal tax benefit, was $66 million.
During fiscal 2018, the domestic production deduction decreased tax expense by $46 million, and state tax expense, net of federal tax benefit, was $86 million. The change in federal tax rate from the Tax Act resulted in a tax benefit of $996 million related to deferred tax remeasurement. Additionally, favorable timing differences deductible in fiscal 2018 at the 24.5% blended tax rate but reversing in future years at 21% resulted in a $33 million tax benefit. The impacts of the non-deductible impairment and sale of certain assets in our non-protein businesses increased the effective tax rate by 3.2%.
Approximately $2,605 million, $2,275 million and $2,637 million of income from continuing operations before income taxes for fiscal 2020, 2019 and 2018, respectively, were from our operations based in the United States.
On December 22, 2017, President Trump signed into law the Tax Act. The Tax Act made significant changes to the U.S. tax code including, but not limited to, (1) reducing the corporate federal income tax rate from 35% to 21% effective January 1, 2018, (2) a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries, (3) the repeal of the domestic production activity deduction beginning with our fiscal 2019, and (4) new provisions designed to tax global intangible low-taxed income and to allow a deduction for foreign-derived intangible income beginning with our fiscal 2019.
Under generally accepted accounting principles (“U.S. GAAP”), specifically ASC Topic 740, Income Taxes, the tax effects of changes in tax laws must be recognized in the period in which the law is enacted, or December 22, 2017, for the Tax Act. ASC 740 also requires deferred tax assets and liabilities to be measured at the enacted tax rate expected to apply when temporary differences are to be realized or settled. Thus, at the date of enactment, the Company’s deferred taxes were remeasured based upon the new tax rates. The change in deferred taxes was recorded as an adjustment to our fiscal 2018 deferred tax provision.
We recognize deferred income taxes for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
The tax effects of major items recorded as deferred tax assets and liabilities as of October 3, 2020, and September 28, 2019, are as follows (in millions):
20202019
AssetsLiabilitiesAssetsLiabilities
Property, plant and equipment$— $923 $— $891 
Intangible assets— 1,591 — 1,624 
ROU assets— 154 — — 
Accrued expenses341 — 297 — 
Lease liabilities129 — — — 
Net operating loss and other carryforwards137 — 99 — 
Other149 265 131 231 
$756 $2,933 $527 $2,746 
Valuation allowance$(127)$(86)
Net deferred tax liability$2,304 $2,305 
At October 3, 2020, our gross state tax net operating loss carryforwards approximated $799 million, of which $747 million expire in fiscal years 2021 through 2039, and the remainder has no expiration. Gross foreign net operating loss carryforwards approximated $238 million, of which $104 million expire in fiscal years 2021 through 2032, and the remainder has no expiration. We also have tax credit carryforwards of approximately $48 million, of which $46 million expire in fiscal years 2021 through 2034, and the remainder has no expiration.
We have accumulated undistributed earnings of foreign subsidiaries aggregating approximately $318 million and $252 million at October 3, 2020, and September 28, 2019, respectively. The Tax Act generally eliminates U.S. federal income taxes on dividends from foreign subsidiaries after December 31, 2017. As a result, our intention is that excess cash held by our foreign subsidiaries that is not subject to regulatory restrictions will be repatriated net of applicable withholding taxes which are expected to be immaterial. The remainder of accumulated undistributed earnings are expected to be indefinitely reinvested outside of the United States. If these earnings were distributed in the form of dividends or otherwise, we could be subject to state income taxes and withholding taxes payable to various foreign countries. Due to the uncertainty of the manner in which the undistributed earnings would be brought back to the United States and the tax laws in effect at that time, it is not currently practicable to estimate the tax liability that might be payable on the repatriation of these foreign earnings; however, we do not expect any tax due to be material.
The following table summarizes the activity related to our gross unrecognized tax benefits at October 3, 2020, September 28, 2019, and September 29, 2018 (in millions):
202020192018
Balance as of the beginning of the year$169 $308 $316 
Increases related to current year tax positions21 20 19 
Increases related to prior year tax positions5 21 8 
Reductions related to prior year tax positions(9)(17)(18)
Reductions related to settlements(3)(9)(8)
Reductions related to expirations of statutes of limitations(18)(154)(9)
Balance as of the end of the year$165 $169 $308 
The amount of unrecognized tax benefits, if recognized, that would impact our effective tax rate was $118 million at October 3, 2020 and $116 million at September 28, 2019. We classify interest and penalties on unrecognized tax benefits as income tax expense. At October 3, 2020, and September 28, 2019, before tax benefits, we had $51 million and $46 million, respectively, of accrued interest and penalties on unrecognized tax benefits.
As of October 3, 2020, certain United States federal income tax returns are subject to examination for fiscal years 2013 through 2019. We are also subject to income tax examinations by major state and foreign jurisdictions for fiscal years 2015 through 2019. We do not expect material changes to our unrecognized tax benefits during the next twelve months.
v3.20.4
Debt
 12 Months Ended
Oct. 03, 2020
Debt Instruments [Abstract]  
Debt DEBT
The following table reflects major components of debt as of October 3, 2020, and September 28, 2019 (in millions):
20202019
Revolving credit facility$— $70 
Commercial Paper— 1,000 
Senior notes:
Notes due June 2020 ("2020 Notes")— 350 
Notes due August 2020 ("2020 Notes")— 400 
4.10% Notes due September 2020 ("2020 Notes")— 280 
2.25% Notes due August 2021500 500 
4.50% Senior notes due June 2022 1,000 1,000 
3.90% Notes due September 2023400 400 
3.95% Notes due August 2024 1,250 1,250 
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 
6.13% Notes due November 2032 160 161 
4.88% Notes due August 2034 500 500 
5.15% Notes due August 2044 500 500 
4.55% Notes due June 2047750 750 
5.10% Notes due September 2048 ("2048 Notes")1,500 1,500 
Discount on senior notes(45)(48)
Term loan:
Term loan facility due March 2022 (1.69% at October 3, 2020)1,500 — 
Other216 216 
Unamortized debt issuance costs(60)(65)
Total debt11,339 11,932 
Less current debt548 2,102 
Total long-term debt$10,791 $9,830 
Annual maturities of debt for the five fiscal years subsequent to October 3, 2020 are: 2021 - $550 million; 2022 - $2,543 million; 2023 - $431 million; 2024 - $1,269 million; 2025 - $12 million.
Revolving Credit Facility and Letters of Credit
We have a $1.75 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 March 2023. Amounts available for borrowing under this facility totaled $1.75 billion at October 3, 2020. At October 3, 2020, we had no borrowings and no outstanding letters of credit issued under this facility. At October 3, 2020 we had $101 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.
Commercial Paper Program
We have a commercial paper program under which we may issue unsecured short-term promissory notes (“commercial paper”) up to an aggregate maximum principal amount of $1 billion. As of October 3, 2020, we had no commercial paper outstanding. On April 1, 2020, we repaid the outstanding balance of the commercial paper using proceeds from the Term Loan Facility due March 2022. Our ability to access commercial paper in the future may be limited or its costs increased, due to market conditions which have been impacted in part by COVID-19.
2020 Notes
During fiscal 2020, we extinguished the $350 million outstanding balance of the senior notes due June 2020, the $400 million outstanding balance of the senior notes due August 2020 and the $278 million outstanding balance of the senior notes due September 2020 using cash on hand and other liquidity sources.
Term Loan Facility due March 2022
On March 27, 2020, we executed a new $1.5 billion term loan facility to refinance our commercial paper program, repay outstanding balances under our revolving credit facility and for general liquidity purposes. The term loan facility expires on March 27, 2022 and is subject to prepayment under certain conditions. Additionally, the term loan facility contains covenants that are similar to those contained in the revolving credit facility.
Debt Covenants
Our revolving credit and term loan facilities 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 minimum interest expense coverage and maximum debt-to-capitalization ratios.
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 October 3, 2020.
v3.20.4
Equity
 12 Months Ended
Oct. 03, 2020
Equity [Abstract]  
Equity EQUITY
Capital Stock
We have two classes of capital stock, Class A Common stock, $0.10 par value (“Class A stock”) and Class B Common Stock, $0.10 par value (“Class B stock”). Holders of Class B stock may convert such stock into Class A stock on a share-for-share basis. Holders of Class B stock are entitled to 10 votes per share, while holders of Class A stock are entitled to one vote per share on matters submitted to shareholders for approval. As of October 3, 2020, Tyson Limited Partnership (the “TLP”) owned 99.985% of the outstanding shares of Class B stock and the TLP and members of the Tyson family owned, in the aggregate, 2.23% of the outstanding shares of Class A stock, giving them, collectively, control of approximately 71.06% of the total voting power of the outstanding voting stock.
The Class B stock is considered a participating security requiring the use of the two-class method for the computation of basic earnings per share. The two-class computation method for each period reflects the cash dividends paid for each class of stock, plus the amount of allocated undistributed earnings (losses) computed using the participation percentage, which reflects the dividend rights of each class of stock. Basic earnings per share were computed using the two-class method for all periods presented. The shares of Class B stock are considered to be participating convertible securities since the shares of Class B stock are convertible on a share-for-share basis into shares of Class A stock. Diluted earnings per share were computed assuming the conversion of the Class B shares into Class A shares as of the beginning of each period.
Dividends
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 the cash dividend paid to holders of Class B stock cannot exceed 90% of the cash dividend simultaneously paid to holders of Class A stock. We pay quarterly cash dividends to Class A and Class B shareholders. We paid Class A dividends per share of $1.68, $1.50, and $1.20 in fiscal 2020, 2019, and 2018, respectively. We paid Class B dividends per share of $1.51, $1.35, and $1.08 in fiscal 2020, 2019, and 2018, respectively. Effective November 13, 2020, the Board of Directors increased the quarterly dividend previously declared on August 6, 2020, to $0.445 per share on our Class A stock and $0.4005 per share on our Class B stock. The increased quarterly dividend is payable on December 15, 2020, to shareholders of record at the close of business on December 1, 2020.
Share Repurchases
As of October 3, 2020, 18.9 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 cumulative share repurchases of our Class A stock for fiscal 2020, 2019 and 2018 is as follows (in millions):
October 3, 2020September 28, 2019September 29, 2018
SharesDollarsSharesDollarsSharesDollars
Shares repurchased:
Under share repurchase program1.8 $150 2.3 $150 4.9 $350 
To fund certain obligations under equity compensation plans0.7 57 1.4 102 1.0 77 
Total share repurchases2.5 $207 3.7 $252 5.9 $427 
v3.20.4
Other Income And Charges
 12 Months Ended
Oct. 03, 2020
Other Income and Expenses [Abstract]  
Other Income And Charges OTHER INCOME AND CHARGES
During fiscal 2019, we recognized $48 million of net periodic pension and postretirement benefit cost, excluding the service cost component, and pension plan settlements which were recorded in the Consolidated Statements of Income in Other, net. We recognized $20 million of equity earnings in joint ventures which was also recorded in the Consolidated Statements of Income in Other, net. Additionally, we sold an investment for $79 million in net proceeds resulting in a pretax gain of $55 million, which was recorded in the Consolidated Statements of Income in Other, net.
During fiscal 2018, we recognized a one-time cash bonus to our hourly frontline team members of $109 million using incremental cash savings from the Tax Act, which was predominantly recorded in the Consolidated Statements of Income in Cost of Sales. Additionally, we recorded $11 million of insurance proceeds, $21 million of equity earnings in joint ventures and $1 million in net foreign currency exchange gains, which were recognized in the Consolidated Statements of Income in Other, net.
Additionally, in accordance with recently adopted accounting guidance, we have retrospectively recognized $23 million of net periodic pension and postretirement benefit credit, excluding the service cost component for fiscal 2018, and recorded the amount in the Consolidated Statements of Income in Other, net.
v3.20.4
Earnings Per Share
 12 Months Ended
Oct. 03, 2020
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
The earnings and weighted average common shares used in the computation of basic and diluted earnings per share are as follows:
in millions, except per share data
202020192018
Numerator:
Net income$2,071 $1,993 $2,973 
Less: Net income attributable to noncontrolling interests10 13 3 
Net income attributable to Tyson2,061 1,980 2,970 
Less dividends declared:
Class A508 465 378 
Class B108 99 80 
Undistributed earnings$1,445 $1,416 $2,512 
Class A undistributed earnings$1,189 $1,166 $2,070 
Class B undistributed earnings256 250 442 
Total undistributed earnings$1,445 $1,416 $2,512 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares293 293 295 
Class B weighted average shares, and shares under if-converted method for diluted earnings per share
70 70 70 
Effect of dilutive securities:
Stock options and restricted stock2 3 4 
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions
365 366 369 
Net Income Per Share Attributable to Tyson:
Class A Basic$5.79 $5.56 $8.29 
Class B Basic$5.21 $4.99 $7.46 
Diluted
$5.64 $5.40 $8.04 
Dividends Declared Per Share:
Class A$1.725 $1.575 $1.275 
Class B$1.553 $1.418 $1.148 
Approximately 2 million of our stock-based compensation shares were antidilutive for fiscal 2020 and approximately 1 million for fiscal 2019 and 2018. These shares were not included in the dilutive 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 based upon a 1 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.
v3.20.4
Derivative Financial Instruments
 12 Months Ended
Oct. 03, 2020
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 October 3, 2020.
We had the following aggregated outstanding notional amounts related to our derivative financial instruments:
in millions, except soybean meal tons
MetricOctober 3, 2020September 28, 2019
Commodity:
CornBushels43 111 
Soybean MealTons428,300 1,078,800 
Live CattlePounds234 14 
Lean HogsPounds283 309 
Foreign CurrencyUnited States dollar$536 $148 
Interest Rate SwapsAverage monthly debt$— $400 
We recognize all derivative instruments as either assets or liabilities at fair value in the Consolidated 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 (i.e., 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 (i.e., grains), interest rate swaps and locks, and certain foreign exchange forward contracts.
•Fair Value Hedges – include certain commodity forward contracts of firm commitments (i.e., 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 effective portion of 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. Gains and losses representing hedge ineffectiveness are recognized in earnings in the current period. Ineffectiveness related to our cash flow hedges was not significant during fiscal 2020, 2019 and 2018. As of October 3, 2020, we have net pretax losses of $1 million for our commodity contracts, which are expected to be reclassified into earnings within the next 12 months. Additionally, we have $16 million of realized losses related to treasury rate locks in connection with the issuance of the 2026, 2029 and 2048 Notes, which will be reclassified to earnings over the lives of these notes. During fiscal 2020, 2019 and 2018, we did not reclassify significant pretax gains or losses into earnings as a result of the discontinuance of cash flow hedges. The following table sets forth the pretax impact of cash flow hedge derivative instruments in Other Comprehensive Income (in millions):
Gain (Loss) Recognized in OCI on Derivatives202020192018
Cash Flow Hedge – Derivatives designated as hedging instruments:
Commodity contracts$(17)$(15)$(21)
Interest rate hedges— (24)1 
Total$(17)$(39)$(20)
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 (i.e., 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 our fair value hedges was not significant during fiscal 2020, 2019 and 2018. The carrying amount of fair value hedge (assets) liabilities as of fiscal 2020, 2019 and 2018 were as follows (in millions):
Consolidated Balance Sheets Classification202020192018
Inventory6 (19)4 
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 Statements of Income in which the effects of hedges are recorded (in millions):
Consolidated Statements of Income Classification202020192018
Cost of Sales$37,801 $37,383 $34,956 
Interest Expense485 462 350 
Other, net(131)(55)(56)
The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Statements of Income (in millions):
Consolidated Statements of Income Classification202020192018
SalesGain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts$— $(23)$18 
Cost of SalesGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Commodity contracts$(24)$(18)$(12)
Gain (Loss) on fair value hedges:
Commodity contracts (a) 135 42 12 
Gain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts(103)2 (33)
Total$8 $26 $(33)
Interest ExpenseGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Interest rate contracts$(6)$(1)$— 
Other, netGain (Loss) on derivatives not designated as hedging instruments:
Foreign exchange contracts$(5)$8 $(3)
(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 Balance Sheets are included in Note 14: Fair Value Measurements.
v3.20.4
Fair Value Measurements
 12 Months Ended
Oct. 03, 2020
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):
October 3, 2020Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $4 $— $(2)$2 
Undesignated — 96 — (51)45 
Available for sale securities:
Current— — — — — 
Other assets:
Available for sale securities:
Non-current— 55 53 — 108 
Deferred compensation assets19 336 — — 355 
Total assets$19 $491 $53 $(53)$510 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $10 $— $(10)$— 
Undesignated — 74 — (59)15 
Total liabilities$— $84 $— $(69)$15 
September 28, 2019Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $26 $— $(3)$23 
Undesignated— 58 — (5)53 
Available for sale securities:
Current— — 1 — 1 
Other Assets:
Available for sale securities:
Non-current— 51 51 — 102 
Deferred Compensation assets7 311 — — 318 
Total assets$7 $446 $52 $(8)$497 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $17 $— $(13)$4 
Undesignated— 93 — (90)3 
Total liabilities$— $110 $— $(103)$7 
(a) Our derivative assets and liabilities are presented in our Consolidated 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 October 3, 2020, and September 28, 2019, we had $16 million and $95 million, respectively, of net cash collateral posted 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):
October 3, 2020September 28, 2019
Balance at beginning of year$52 $51 
Total realized and unrealized gains (losses):
Included in earnings— — 
Included in other comprehensive income (loss)1 1 
Purchases17 20 
Issuances— — 
Settlements(17)(20)
Balance at end of year$53 $52 
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 13: 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 Balance Sheets and primarily include certificates of deposit and commercial paper. All other marketable debt securities are included in Other Assets in the Consolidated Balance Sheets and have maturities ranging up to 40 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 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):
October 3, 2020September 28, 2019
Amortized
Cost Basis		Fair
Value		Unrealized
Gain/(Loss)		Amortized
Cost Basis		Fair
Value		Unrealized
Gain/(Loss)
Available for Sale Securities:
Debt Securities:
United States Treasury and Agency
$55 $55 $— $51 $51 $— 
Corporate and Asset-Backed
51 53 2 51 52 1 
 
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 temporary in nature. Losses on equity securities are recognized in earnings if the decline in value is judged to be other than temporary. If losses related to our debt securities are determined to be other than temporary, the loss would be recognized in earnings if we intend, or more likely than not will be required, to sell the security prior to recovery.
For debt securities in which we have the intent and ability to hold until maturity, losses determined to be other than temporary would remain in OCI, other than expected credit losses which are recognized in earnings. We consider many factors in determining whether a loss is temporary, including the length of time and extent to which the fair value has been below cost, the financial condition and near-term prospects of the issuer and our ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery. We recognized no other than temporary impairment in earnings for fiscal 2020 and fiscal 2019. No other than temporary losses were deferred in OCI as of October 3, 2020, and September 28, 2019.
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 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.
In fiscal 2019, we recorded a $41 million impairment charge related to a Prepared Foods business held for sale, due to our estimate of the business' fair value based on current expected net sales proceeds. The impairment charge was recorded in Cost of Sales in our Consolidated Statement of Income for fiscal 2019. Our valuation included unobservable Level 3 inputs and was based on expected sales proceeds from a competitive bidding process and ongoing discussions with potential buyers.
In fiscal 2018, we recorded $101 million of impairment charges related to the expected sale of non-protein businesses held for sale, due to revised estimates of the businesses' fair value based on current expected net sales proceeds at the time of the impairment. These charges were recorded in Cost of Sales in our Consolidated Statement of Income, and primarily consisted of Goodwill previously classified within Assets held for sale. Our valuation included unobservable Level 3 inputs and was based on expected sales proceeds from a competitive bidding process and ongoing discussions with potential buyers.
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):
October 3, 2020September 28, 2019
Fair
Value		Carrying
Value		Fair
Value		Carrying
Value
Total Debt$12,982 $11,339 $12,978 $11,932 
Concentrations of Credit Risk
Our financial instruments exposed to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Our cash equivalents are in high quality securities placed with major banks and financial institutions. Concentrations of credit risk with respect to receivables are limited due to the large number of customers and their dispersion across geographic areas. We perform periodic credit evaluations of our customers’ financial condition and generally do not require collateral. At October 3, 2020, and September 28, 2019, 16.5% and 16.2%, respectively, of our net accounts receivable balance was due from Walmart Inc. No other single customer or customer group represented greater than 10% of net accounts receivable.
v3.20.4
Stock-Based Compensation
 12 Months Ended
Oct. 03, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Stock-Based Compensation STOCK-BASED COMPENSATION
We issue shares under our stock-based compensation plans by issuing Class A stock from treasury. The total number of shares available for future grant under the Tyson Foods, Inc. 2000 Stock Incentive Plan (“Incentive Plan”) was 9,979,081 at October 3, 2020.
Stock Options
Shareholders approved the Incentive Plan in January 2001. The Incentive Plan is administered by the Compensation and Leadership Development Committee of the Board of Directors (“Compensation Committee”). The Incentive Plan includes provisions for granting incentive stock options for shares of Class A stock at a price not less than the fair value at the date of grant. Nonqualified stock options may be granted at a price equal to or more than the fair value of Class A stock on the date the option is granted. Stock options under the Incentive Plan generally become exercisable ratably over three years from the date of grant and must be exercised within 10 years from the date of grant. Our policy is to recognize compensation expense on a straight-line basis over the requisite service period for the entire award. Forfeitures are recognized as they occur.
Shares Under
Option		Weighted
Average Exercise
Price Per Share		Weighted Average Remaining Contractual Life (in Years)Aggregate
Intrinsic Value
(in millions)
Outstanding, September 28, 20195,362,672 $54.03 
Exercised(661,549)48.21 
Forfeited or expired(265,237)76.06 
Granted1,515,587 90.04 
Outstanding, October 3, 20205,951,473 $62.86 6.8$37 
Exercisable, October 3, 20203,231,765 $50.96 5.4$37 
The weighted average grant-date fair value of options granted in fiscal 2020, 2019 and 2018 was $16.77, $11.35 and $18.31, respectively. The fair value of each option grant is established on the date of grant using a binomial lattice method. We use historical volatility for a period of time comparable to the expected life of the option to determine volatility assumptions. Expected life is calculated based on the contractual term of each grant and takes into account the historical exercise and termination behavior of participants. Risk-free interest rates are based on the five-year Treasury bond rate. Assumptions used in the fair value calculation are as of the grant dates and are outlined in the following table.
202020192018
Expected life (in years)4.34.35.9
Risk-free interest rate1.6 %2.8 %2.1 %
Expected volatility25.7 %25.4 %23.5 %
Expected dividend yield2.0 %2.5 %1.5 %
We recognized stock-based compensation expense related to stock options, net of income taxes, of $16 million, $16 million and $13 million for fiscal 2020, 2019 and 2018, respectively. The related tax benefit for fiscal 2020, 2019 and 2018 was $4 million, $3 million and $6 million, respectively. We had 1.3 million, 1.2 million and 2.2 million options vest in fiscal 2020, 2019 and 2018, respectively, with a grant date fair value of $17 million, $18 million and $27 million, respectively.
In fiscal 2020, 2019 and 2018, we received cash of $30 million, $99 million and $102 million, respectively, for the exercise of stock options. Shares are issued from treasury for stock option exercises. The related tax benefit realized from stock options exercised during fiscal 2020, 2019 and 2018, was $6 million, $21 million and $30 million, respectively. The total intrinsic value of options exercised in fiscal 2020, 2019 and 2018, was $21 million, $79 million and $103 million, respectively. Cash flows resulting from tax deductions in excess of the compensation cost of those options (excess tax deductions) are classified as financing cash flows. We realized $4 million, $14 million and $20 million related to excess tax deductions during fiscal 2020, 2019 and 2018, respectively.
As of October 3, 2020, we had $21 million of total unrecognized compensation cost related to stock option plans that will be recognized over a weighted average period of 1.3 years.
Restricted Stock
We issue restricted stock at the market value as of the date of grant, with restrictions expiring over periods through fiscal 2023. Unearned compensation is recognized over the vesting period for the particular grant using a straight-line method.
Number of SharesWeighted
Average Grant-
Date Fair Value
Per Share		Weighted Average
Remaining
Contractual Life
(in Years)		Aggregate
Intrinsic Value
(in millions)
Nonvested, September 28, 20191,662,078 $64.55 
Granted628,844 88.96 
Dividends44,704 74.51 
Vested(556,632)60.30 
Forfeited(116,585)74.18 
Nonvested, October 3, 20201,662,409 $74.79 1.3$99 
As of October 3, 2020, we had $49 million of total unrecognized compensation cost related to restricted stock awards that will be recognized over a weighted average period of 1.8 years.
We recognized stock-based compensation expense related to restricted stock, net of income taxes, of $36 million, $26 million and $22 million for fiscal 2020, 2019 and 2018, respectively. The related tax benefit for fiscal 2020, 2019 and 2018 was $9 million, $8 million and $9 million, respectively. We had 0.6 million, 0.5 million and 0.6 million restricted stock awards vest in fiscal 2020, 2019 and 2018, respectively, with a grant date fair value of $34 million, $29 million and $27 million, respectively.
Performance-Based Shares
We award performance-based shares of our Class A stock to certain team members. These awards are typically granted once a year. Performance-based shares vest based upon the passage of time and the achievement of performance or market performance criteria, ranging from 0% to 200%, as determined by the Compensation Committee prior to the date of the award. Vesting periods for these awards are three years. We review progress toward the attainment of the performance criteria each quarter during the vesting period. When it is probable the minimum performance criteria for an award will be achieved, we begin recognizing the expense equal to the proportionate share of the total fair value of the Class A stock price on the grant date. The total expense recognized over the duration of performance awards will equal the Class A stock price on the date of grant multiplied by the number of shares ultimately awarded based on the level of attainment of the performance criteria. For grants with market performance criteria, the fair value is determined on the grant date and is calculated using the same inputs for expected volatility, expected dividend yield, and risk-free rate as stock options, noted above, with a duration of three years. The total expense recognized over the duration of the award will equal the fair value, regardless if the market performance criteria is met.
The following table summarizes the performance-based shares at the maximum award amounts based upon the respective performance share agreements. Actual shares that will vest depend on the level of attainment of the performance-based criteria.
Number of SharesWeighted
Average Grant-
Date Fair Value
Per Share		Weighted Average
Remaining
Contractual Life
(in Years)		Aggregate
Intrinsic Value
(in millions)
Nonvested, September 28, 20192,027,059 $51.03 
Granted726,388 67.55 
Vested(344,870)46.29 
Forfeited(445,440)52.59 
Nonvested, October 3, 20201,963,137 $57.62 1.2$116 
We recognized stock-based compensation expense related to performance shares, net of income taxes, of $18 million, $16 million and $12 million for fiscal 2020, 2019 and 2018, respectively. The related tax benefit for fiscal 2020, 2019 and 2018 was $4 million, $4 million and $5 million, respectively. As of October 3, 2020, we had $33 million of total unrecognized compensation based upon our progress toward the attainment of criteria related to performance-based share awards that will be recognized over a weighted average period of 1.9 years.
v3.20.4
Pensions And Other Postretirement Benefits
 12 Months Ended
Oct. 03, 2020
Retirement Benefits, Description [Abstract]  
Pensions And Other Postretirement Benefits PENSIONS AND OTHER POSTRETIREMENT BENEFITS
At October 3, 2020, we had six defined benefit pension plans consisting of two frozen and noncontributory funded qualified plans and four unfunded non-qualified plans. Additionally, we have two plans that were terminated during fiscal 2020, which have residual plan assets of $27 million and no benefit obligations as of October 3, 2020. The benefits provided under these plans are based on a formula using years of service and either a specified benefit rate or compensation level. The non-qualified defined benefit plans are for certain contracted officers and use a formula based on years of service and final average salary. We also have other postretirement benefit plans for which substantially all of our team members may receive benefits if they satisfy applicable eligibility criteria. The postretirement healthcare plans are contributory with participants’ contributions adjusted when deemed necessary.
We have defined contribution retirement programs for various groups of team members. We recognized expenses of $103 million, $97 million and $84 million in fiscal 2020, 2019 and 2018, respectively.
We use a fiscal year end measurement date for our defined benefit plans and other postretirement plans. We recognize the effect of actuarial gains and losses into earnings immediately for other postretirement plans rather than amortizing the effect over future periods. Other postretirement benefits include postretirement medical costs and life insurance.
During fiscal 2017, we issued a notice of intent to terminate two of our qualified pension plans with a termination date of April 30, 2017. The settlements of the terminated plans occurred during fiscal 2019, through purchased annuities, and we incurred a $19 million settlement charge at final liquidation.
During fiscal 2019, we issued a notice of intent to terminate three other qualified pension plans. The settlements of the terminated plans occurred during fiscal 2020, through purchased annuities, and we incurred settlement gains of approximately $112 million related to the plan terminations. No significant contributions to purchase annuities at the time of settlement were necessary. Due to favorable annuity pricing at the time of settlement, approximately $52 million in residual plan assets remained in the plan following the annuity purchase. A portion of these funds have been transferred to a qualified replacement plan during fiscal 2020, with the remaining funds to be transferred in fiscal 2021.
Benefit Obligations and Funded Status
The following table provides a reconciliation of the changes in the plans’ benefit obligations, assets and funded status at October 3, 2020, and September 28, 2019 (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202020192020201920202019
Change in benefit obligation
Benefit obligation at beginning of year$1,478 $1,392 $239 $220 $77 $28 
Service cost— — — 1 2 2 
Interest cost14 56 8 9 1 1 
Plan amendments— — — — (6)4 
Actuarial (gain)/loss— 154 5 17 4 6 
Benefits paid(38)(77)(14)(12)(4)(4)
Business Acquisition— 2 — 4 — 13 
Plan Terminations(1,423)(49)— — — — 
Other— — — — — 27 
Benefit obligation at end of year31 1,478 238 239 74 77 
Change in plan assets
Fair value of plan assets at beginning of year1,477 1,450 — — — — 
Actual return on plan assets(14)146 — — — — 
Employer contributions7 1 12 12 4 4 
Benefits paid(38)(77)(12)(12)(4)(4)
Business Acquisition— 2 — — — — 
Plan Terminations(1,397)(45)— — — — 
Fair value of plan assets at end of year35 1,477 — — — — 
Funded status$4 $(1)$(238)$(239)$(74)$(77)
Amounts recognized in the Consolidated Balance Sheets consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202020192020201920202019
Other assets$4 $16 $— $— $— $— 
Other current liabilities— — (12)(12)(3)(3)
Other liabilities
— (17)(226)(227)(71)(74)
Total assets (liabilities)$4 $(1)$(238)$(239)$(74)$(77)
Amounts recognized in Accumulated Other Comprehensive Income consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202020192020201920202019
Accumulated other comprehensive (income)/loss:
   Actuarial (gain) loss
$4 $(53)$45 $46 $24 $27 
   Prior service (credit) cost— — 3 4 (37)(42)
Total accumulated other comprehensive (income)/loss:$4 $(53)$48 $50 $(13)$(15)
We had four pension plans at October 3, 2020 and five pension plans at September 28, 2019, that had an accumulated benefit obligation in excess of plan assets. Plans with accumulated benefit obligations in excess of plan assets are as follows (in millions):
Pension Benefits
QualifiedNon-Qualified
2020201920202019
Projected benefit obligation$— $381 $238 $239 
Accumulated benefit obligation— 381 238 239 
Fair value of plan assets— 364 — — 
The accumulated benefit obligation for all qualified pension plans was $31 million and $1,478 million at October 3, 2020, and September 28, 2019, respectively.
Net Periodic Benefit Cost (Credit)
Components of net periodic benefit cost (credit) for pension and postretirement benefit plans recognized in the Consolidated Statements of Income are as follows (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202020192018202020192018202020192018
Service cost$— $— $— $— $1 $7 $2 $2 $1 
Interest cost14 56 55 8 9 8 1 1 1 
Expected return on plan assets
(17)(57)(62)— — — — — — 
Amortization of prior service cost
— — 1 1 1 1 (6)(2)(25)
Recognized actuarial loss (gain), net
— (1)— 3 2 3 4 5 (5)
Recognized settlement loss (gain) (112)19 — — — — — — — 
Net periodic benefit cost (credit)$(115)$17 $(6)$12 $13 $19 $1 $6 $(28)
Each of the components other than the service cost component were recorded in the Consolidated Statements of Income in Other, net. As of October 3, 2020, we expect no amounts to be reclassified into earnings within the next 12 months related to net periodic benefit cost (credit) for the qualified pension plans, excluding pending settlements. As of October 3, 2020, the amounts expected to be reclassified into earnings within the next 12 months related to net periodic benefit cost (credit) for the non-qualified pension plans and the other postretirement benefit plans are not significant.
Assumptions
Weighted average assumptions are as follows:
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202020192018202020192018202020192018
Discount rate to determine net periodic benefit cost
3.23 %4.26 %3.85 %3.19 %4.31 %3.88 %2.68 %3.99 %3.39 %
Discount rate to determine benefit obligations
1.70 %3.23 %4.26 %2.63 %3.16 %4.31 %1.95 %2.68 %4.11 %
Rate of compensation increase
n/an/an/an/an/a2.53 %n/an/an/a
Expected return on plan assets
3.50 %3.50 %4.20 %n/an/an/an/an/an/a
To determine the expected return on plan assets assumption, we first examined historical rates of return for the various asset classes within the plans. We then determined a long-term projected rate-of-return based on expected returns. Our discount rate assumptions used to account for pension and other postretirement benefit plans reflect the rates at which the benefit obligations could be effectively settled. The discount rates for two of our plans that were settled in fiscal 2020 were determined using a composite rate comprised of an annuity purchase rate and a lump sum conversion discount rate based on the portions of the populations that were purchased under the annuity contract with the insurance company versus those who elected lump sums, respectively. The discount rates for our other plans were determined using a cash flow matching technique whereby the rates of a yield curve, developed from high-quality debt securities, were applied to the benefit obligations to determine the appropriate discount rate. For all periods presented, all pension and other postretirement benefit plans used the RP-2014 mortality tables.
We have eight other postretirement benefit plans, of which five are healthcare and life insurance related. Two of these plans, with benefit obligations totaling $16 million at October 3, 2020, were not impacted by healthcare cost trend rates as one consists of fixed annual payments and one is life insurance related. One of the healthcare plans, with benefit obligations less than $1 million at October 3, 2020, was not impacted by healthcare cost trend rates due to previous plan amendments. The remaining two plans, with benefit obligations totaling $8 million and $3 million, at October 3, 2020, utilized assumed healthcare cost trend rates of 7.0% and 6.8%, respectively. The healthcare cost trend rates will be grading down to an ultimate rate of 4.5% and 5.0%, respectively in 2027. A one-percentage-point change in assumed health-care cost trend rates would not have a significant effect on the postretirement benefit obligation.
Plan Assets
The asset allocation for domestic pension plan assets at October 3, 2020 was 100% cash due to the intent to terminate the remaining domestic qualified pension plan in the next year. Additionally, one of our foreign subsidiary pension plans had $32 million in plan assets held in an insurance trust at October 3, 2020.
At October 3, 2020, 7% of plan assets were held in cash and cash equivalents (Level 1) and 93% were held in an insurance trust (Level 3). At September 28, 2019, 36% of plan assets were held in cash and cash equivalents (Level 1), 61% in corporate and municipal bonds (Level 2) and 3% were held in an insurance trust (Level 3).
Contributions
Our policy is to fund at least the minimum contribution required to meet applicable federal employee benefit and local tax laws. In our sole discretion, we may from time to time fund additional amounts. Expected contributions to pension plans for fiscal 2021 are approximately $13 million. For fiscal 2020, 2019 and 2018, we funded $19 million, $13 million and $29 million, respectively, to pension plans.
Estimated Future Benefit Payments
The following benefit payments are expected to be paid (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
2021$— $12 $4 
2022— 12 3 
2023— 13 3 
20242 13 3 
20251 13 3 
2026-20303 63 10 
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2021.
Multi-Employer Plans
Additionally, we participate in three multi-employer plans that provide defined benefits to certain team members covered by collective bargaining agreements. Such plans are usually administered by a board of trustees composed of the management of the participating companies and labor representatives.
The risks of participating in multi-employer plans are different from single-employer plans. Assets contributed to the multi-employer plan by one employer may be used to provide benefits to team members of other participating employers. If a participating employer stops contributing to the plan, the unfunded obligation of the plan may be borne by the remaining participating employers. If we stop participating in a plan, we may be required to pay that plan an amount based on the underfunded status of the plan, referred to as a withdrawal liability.
The net pension cost of the plans is equal to the annual contributions determined in accordance with the provisions of negotiated labor contracts. Contributions to the plans were $1 million in fiscal 2020 and $2 million in fiscal 2019. Assets contributed to such plans are not segregated or otherwise restricted to provide benefits only to our team members. The future cost of the plans is dependent on a number of factors including the funded status of the plans and the ability of the other participating companies to meet ongoing funding obligations.
Our participation in these multi-employer plans for fiscal 2020 is outlined below. The EIN/Pension Plan Number column provides the Employer Identification Number (“EI”) and the three-digit plan number. Unless otherwise noted, the most recent Pension Protection Act (“PPA”) zone status available in fiscal 2020 and fiscal 2019 is for the plan's year beginning January 1, 2020, and 2019, respectively. The zone status is based on information that we have received from the plan and is certified by the plan's actuaries. Among other factors, plans in the red zone are generally less than 65 percent funded. Plans that are critical and declining status are projected to have an accumulated funding deficiency. The FIP/RP Status column indicates plans for which a financial improvement plan (“FIP”) or rehabilitation plan (“RP”) is either pending or has been implemented. The last column lists the expiration date of the collective-bargaining agreements to which the plan is subject. During fiscal 2019, as part of our acquisition of Keystone Foods, we acquired an interest in four multi-employer plans. Our interest in two of these plans was subsequently disposed of in conjunction with the divestiture of a chicken further processing facility acquired during the Keystone Foods acquisition. See Note 3: Acquisitions and Divestitures for additional information on these transactions. Additionally, during fiscal 2019, we initiated our withdrawal from the Retail, Wholesale and Department Store International Union and Industry Pension Fund (“RWDSU Fund”). As a result of our withdrawal from the RWDSU Fund, we recorded a $15 million termination liability. We received the withdrawal letter from the RWDSU fund during fiscal 2020 and reduced the termination liability accordingly to $10 million. Subsequently during fiscal 2020, we initiated our withdrawal from the Pension Fund of Local 227. As a result of our withdrawal from the Pension Fund of Local 227, we recorded a $1 million termination liability.
In addition to regular contributions, we could be obligated to pay additional contributions (known as complete or partial withdrawal liabilities) if it has unfunded vested benefits.
PPA Zone StatusFIP/RP StatusContributions
(in millions)		Surcharge Imposed
Pension Fund Plan NameEIN/Pension Plan Number20202019Implemented2020201920182020
Expiration Date of Collective Bargaining Agreement(a)
Bakery and Confectionery Union and Industry International Pension Fund52-6118572/001RedRedNov 2012$1$1$210%2015-10-10
Pension Fund of Local 22761-6054018/001GreenGreenn/a$—$0.2n/aNone2023-11-08
Retail, Wholesale and Department Store International Union and Industry Pension Fund63-0708442/001RedRedNov 2015$—$0.5n/a9%2021-11-07
(a)    Renewal negotiations for the Bakery and Confectionery Union and Industry International Pension Fund are in progress.
v3.20.4
Segment Reporting
 12 Months Ended
Oct. 03, 2020
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
We operate in four reportable segments: Beef, Pork, Chicken, and Prepared Foods. We measure segment profit as operating income (loss). International/Other primarily includes our foreign operations in Australia, China, Malaysia, Mexico, the Netherlands, South Korea and Thailand, third-party merger and integration costs and corporate overhead related to Tyson New Ventures, LLC.
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 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, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, 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 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, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities, the military and other food processors, as well as to international export markets.
We allocate expenses related to corporate activities to the segments, except for third-party merger and integration costs of $5 million, $36 million, and $26 million in fiscal 2020, 2019 and 2018, respectively, which are included in International/Other. Assets and additions to property, plant and equipment relating to corporate activities remain in International/Other. Additionally, as of September 28, 2019, we allocated approximately $342 million of goodwill to International/Other as a result of our Keystone Foods and Thai and European operations acquisitions. Refer to Note 5: Goodwill and Intangible Assets for further description.
Information on segments and a reconciliation to income from continuing operations before income taxes are as follows (in millions):
BeefPorkChickenPrepared
Foods		International/OtherIntersegment
Sales		Consolidated
Fiscal 2020
Sales$15,742 $5,128 $13,234 $8,532 $1,856 $(1,307)$43,185 
Operating Income (Loss)1,580 565 122 743 (2)3,008 
Total Other (Income) Expense
344 
Income before Income Taxes2,664 
Depreciation and amortization106 56 553 398 65 1,178 
Total Assets3,223 1,516 11,028 14,883 3,806 34,456 
Additions to property, plant and equipment
219 117 577 211 75 1,199 
Fiscal 2019
Sales$15,828 $4,932 $13,300 $8,418 $1,289 $(1,362)$42,405 
Operating Income (Loss)1,050 263 621 843 (7)2,770 
Total Other (Income) Expense
396 
Income before Income Taxes2,374 
Depreciation and amortization97 47 513 397 32 1,086 
Total Assets2,958 1,372 10,807 15,138 2,643 32,918 
Additions to property, plant and equipment
133 128 637 246 115 1,259 
Fiscal 2018
Sales$15,473 $4,879 $12,044 $8,668 $305 $(1,317)$40,052 
Operating Income (Loss)950 361 866 845 (53)2,969 
Total Other (Income) Expense
287 
Income before Income Taxes2,682 
Depreciation and amortization103 42 368 410 10 933 
Total Assets2,939 1,265 8,794 15,063 926 28,987 
Additions to property, plant and equipment
107 150 570 228 145 1,200 
The Beef segment had sales of $390 million, $411 million and $420 million for fiscal 2020, 2019 and 2018, respectively, from transactions with other operating segments. The Pork segment had sales of $865 million, $893 million and $817 million for fiscal 2020, 2019 and 2018, respectively, from transactions with other operating segments. The Chicken segment had sales of $52 million, $58 million and $80 million for fiscal 2020, 2019 and 2018, respectively, from transactions with other operating segments. The aforementioned sales from intersegment transactions, which were at market prices, were included in the segment sales in the above table.
Our largest customer, Walmart Inc., accounted for 18.7%, 16.9% and 17.3% of consolidated sales in fiscal 2020, 2019 and 2018, respectively. Sales to Walmart Inc. were included in all the segments. Any extended discontinuance of sales to this customer could, if not replaced, have a material impact on our operations.
The majority of our operations are domiciled in the United States. Approximately 95%, 96% and 99% of sales to external customers for fiscal 2020, 2019 and 2018, respectively, were sourced from the United States. Approximately $25.6 billion and $24.8 billion of long-lived assets were located in the United States at October 3, 2020, and September 28, 2019, respectively. Excluding goodwill and intangible assets, long-lived assets located in the United States totaled approximately $8.5 billion and $7.5 billion at October 3, 2020, and September 28, 2019, respectively. Approximately $1,287 million and $1,107 million of long-lived assets were located in foreign locations, primarily Brazil, China, the European Union, New Zealand and Thailand at October 3, 2020, and September 28, 2019, respectively. Excluding goodwill and intangible assets, long-lived assets in foreign countries totaled approximately $648 million and $506 million at October 3, 2020, and September 28, 2019, respectively.
We sell certain products in foreign markets, primarily Australia, Canada, Central America, Chile, China, the European Union, the United Kingdom, Japan, Mexico, Malaysia, the Middle East, South Korea, Taiwan and Thailand. Our export sales from the United States totaled $4.0 billion, $4.1 billion and $4.2 billion for fiscal 2020, 2019 and 2018, respectively. Substantially all of our export sales are facilitated through unaffiliated brokers, marketing associations and foreign sales staffs. Sales of products produced in a country other than the United States were less than 10% of consolidated sales for each of fiscal 2020, 2019 and 2018.
The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Twelve months ended October 3, 2020
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
IntersegmentTotal
Beef$8,155 $3,669 $2,183 $1,345 $390 $15,742 
Pork1,590 403 1,026 1,244 865 5,128 
Chicken5,935 4,892 642 1,713 52 13,234 
Prepared Foods5,137 3,090 126 179 — 8,532 
International/Other— — 1,856 — — 1,856 
Intersegment— — — — (1,307)(1,307)
Total$20,817 $12,054 $5,833 $4,481 $— $43,185 
Twelve months ended September 28, 2019
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
IntersegmentTotal
Beef$7,420 $4,151 $2,426 $1,420 $411 $15,828 
Pork1,415 400 890 1,334 893 4,932 
Chicken5,637 5,138 690 1,777 58 13,300 
Prepared Foods4,793 3,270 104 251 — 8,418 
International/Other— — 1,289 — — 1,289 
Intersegment— — — — (1,362)(1,362)
Total$19,265 $12,959 $5,399 $4,782 $— $42,405 
(a) Includes sales to consumer products and food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.
(b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(c) Includes sales to international markets related to internationally produced products or export sales of domestically produced products.
(d) Includes 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.
v3.20.4
Transactions With Related Parties
 12 Months Ended
Oct. 03, 2020
Related Party Transaction, Due from (to) Related Party [Abstract]  
Transactions With Related Parties TRANSACTIONS WITH RELATED PARTIES
We have related party leases for two wastewater facilities with an entity owned by the Donald J. Tyson Revocable Trust (for which Mr. John Tyson, Chairman of the Company, is a trustee), Berry Street Waste Water Treatment Plant, LP (90% of which is owned by the Tyson Limited Partnership), and the sisters of Mr. Tyson. Prior to the third quarter of fiscal 2020, these leases were both classified as short-term operating leases. Based on the assessment of the renewal of these leases, as of October 3, 2020, one lease was classified as a finance lease with a debt balance of $7 million which is primarily recognized as Long-term debt in our Consolidated Balance Sheet. Total payments of approximately $1 million in each of fiscal 2020, 2019 and 2018 were paid to lease the facilities.
As of October 3, 2020, the TLP, of which John Tyson and director Barbara Tyson are general partners, owned 70 million shares, or 99.985% of our outstanding Class B stock and, along with the members of the Tyson family, owned 6.6 million shares of Class A stock, giving it control of approximately 71.06% of the total voting power of our outstanding voting stock.
In August 2017, the Company committed to invest $5 million for a 17.5% equity interest in Buchan Ltd., a Mauritian private holding company of poultry operations in sub-Saharan Africa. Acacia Foods, B.V. is committed to invest $9 million in Buchan Ltd. Donnie Smith, who during the first quarter of fiscal year 2017 was Chief Executive Officer of the Company, serves as the Chairman of Acacia Foods, B.V. and as a director of Buchan Ltd. John Randal Tyson (son of John Tyson and Chief Sustainability Officer) serves as a director of Buchan Ltd. for the Company. We completed our funding commitment in fiscal 2018.
In fiscal 2020, 2019 and 2018, the Company provided administrative services to the Tyson Limited Partnership, the beneficial owner of 70 million shares of Class B stock, and the Tyson Limited Partnership, through TLP Investment, L.P., reimbursed the Company $0.2 million in fiscal 2020 and $0.3 million in both fiscal 2019 and fiscal 2018.
v3.20.4
Commitments And Contingencies
 12 Months Ended
Oct. 03, 2020
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 10 years, and the maximum potential amount of future payments as of October 3, 2020, was $13 million. The likelihood of material payments under these guarantees is not considered probable. At October 3, 2020, and September 28, 2019, 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 potential maximum obligation associated with these programs is limited to the fair value of each participating livestock supplier’s net tangible assets. The potential maximum obligation as of October 3, 2020, was approximately $320 million. The total receivables under these programs were $29 million and $5 million at October 3, 2020 and September 28, 2019, respectively. These receivables are included, net of allowance for uncollectible amounts, in Accounts Receivable in our Consolidated Balance Sheets. Even though these programs are limited to the net tangible assets of the participating livestock suppliers, we also manage a portion of our credit risk associated with these programs by obtaining security interests in livestock suppliers’ assets. After analyzing residual credit risks and general market conditions, we had no allowance for these programs' estimated uncollectible receivables at October 3, 2020, and September 28, 2019.
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 Balance Sheets in Other Assets, and totaled $46 million and $0 at October 3, 2020 and September 28, 2019, respectively. 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 October 3, 2020, total amounts under these types of arrangements totaled $573 million.
Additionally, we enter into other purchase commitments for various items such as grains, livestock contracts and variable livestock grower commitments that are estimable, which at October 3, 2020 were (in millions):
Purchase Obligations
2021$2,371 
2022414 
2023253 
2024111 
202579 
2026 and beyond152 
Total$3,380 
Contingencies
We are involved in various claims and legal proceedings. We routinely assess the likelihood of adverse judgments or outcomes to those matters, as well as ranges of probable losses, to the extent losses are reasonably estimable. We record accruals in the Company's Consolidated Financial Statements for matters to the extent that we conclude a loss is probable and the financial impact, should an adverse outcome occur, is reasonably estimable. Additionally, for matters in which losses are reasonably possible, no reasonable estimate of the possible loss or range of loss in excess of amounts accrued, if any, can be made because, among other reasons: (i) the proceedings are in preliminary stages; (ii) specific damages have not been sought; (iii) damage claims are unsupported and/or unreasonable; (iv) there is uncertainty as to the outcome of pending appeals or motions; (v) there are significant factual issues to be resolved; or (vi) novel legal issues or unsettled legal theories are being asserted. In our opinion, we have made appropriate and adequate accruals for these matters. 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 and/or our subsidiaries for which the potential exposure is considered material to the Company’s Consolidated Financial Statements. We believe we have substantial defenses to the claims made and intend to vigorously defend these matters.
On September 2, 2016, Maplevale Farms, Inc., acting on its own behalf and on behalf of a putative class of direct purchasers of poultry products, filed a class action complaint against us and certain of our poultry subsidiaries, as well as several other poultry processing companies, in the Northern District of Illinois. Subsequent to the filing of this initial complaint, additional lawsuits making similar claims on behalf of putative classes of direct and indirect purchasers were filed in the United States District Court for the Northern District of Illinois. The court consolidated the complaints, for pre-trial purposes, into actions on behalf of three different putative classes: direct purchasers, indirect purchasers/consumers and commercial/institutional indirect purchasers. The consolidated actions are styled In re Broiler Chicken Antitrust Litigation. 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. All opt out complaints have been filed in, or transferred to, the Northern District of Illinois and are proceeding on a coordinated pre-trial basis with the consolidated actions. The operative complaints, which have been amended throughout the litigation, allege, among other things, that beginning in January 2008 the defendants conspired and combined to fix, raise, maintain, and stabilize the price of broiler chickens in violation of United States 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 also allege that defendants “manipulated and artificially inflated a widely used Broiler price index, the Georgia Dock.” 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 on behalf of the putative classes. Decisions on class certification and summary judgment motions likely to be filed by defendants are currently expected in late calendar year 2020 and 2021. If necessary, trial will occur after rulings on class certification and any summary judgment motions in calendar year 2022. On April 26, 2019, the plaintiffs notified us that the U.S. Department of Justice ("DOJ") Antitrust Division issued a grand jury subpoena to them requesting discovery produced by all parties in the civil case. On June 21, 2019, the DOJ filed a motion to intervene and sought a limited stay of discovery in the civil action, 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 against four individual executives employed by two other poultry processing companies charging a 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 fully cooperating with the DOJ as part of our application for leniency under the DOJ's Corporate Leniency Program. On October 7, 2020, the DOJ announced a superseding indictment adding charges against six more individuals to charge a total of 10 executives and employees at poultry processing companies for a conspiracy to fix prices and rig bids for broiler chicken products from at least 2012 until at least early 2019. The partial stay previously granted by the court in the civil action was lifted and discovery is continuing. Plaintiffs in the civil action filed complaints expressly referencing the conduct in the DOJ’s indictments or motions arguing that bid-rigging conduct was encompassed by prior complaints. On September 22, 2020, the court ruled that bid-rigging claims will be consolidated into the existing action but bifurcated from the original supply reduction and Georgia Dock claims. The original claims will proceed on their current schedule and the bid-rigging claims, including any related discovery, are stayed until the supply reduction and Georgia Dock claims are resolved.
The Commonwealth of Puerto Rico, on behalf of its citizens, has also initiated a civil lawsuit against us, certain of our subsidiaries, and several other poultry processing companies alleging activities in violation of the Puerto Rican antitrust laws. This lawsuit has been transferred to the Northern District of Illinois for coordinated pre-trial proceedings. On July 15, 2020, the court ruled that Puerto Rico could pursue claims based on direct purchases from defendants, but dismissed all claims based on indirect purchases or Puerto Rico’s parens patriae status. On August 26, 2020, Puerto Rico filed a notice of voluntary dismissal without prejudice and withdrew all claims against defendants. On September 1, 2020, the Office of the Attorney General of the State of New Mexico filed a complaint against us and certain of our poultry subsidiaries, as well as several other poultry processing companies and Agri Stats, Inc., in Santa Fe County, New Mexico. The complaint alleges violations of New Mexico’s antitrust, unfair trade practice, and unjust enrichment laws based on allegations of conspiracies to manipulate the Georgia Dock, exchange information and reduce the supply of broiler chickens.
On March 1, 2017, we received a civil investigative demand (“CID”) from the Office of the Attorney General, Department of Legal Affairs, of the State of Florida. The Florida CID requests information primarily related to possible anticompetitive conduct in connection with the Georgia Dock, a chicken products pricing index formerly published by the Georgia Department of Agriculture. We have been cooperating with the Florida Attorney General’s office. In July 2019, the Attorney General issued a subpoena to the In re Broiler Chicken Antitrust Litigation plaintiffs requesting all information provided to the DOJ.
On August 18, 2019, we were advised that the In re Broiler Chicken Antitrust Litigation plaintiffs had received a CID from the Louisiana Department of Justice Office of the Attorney General Public Protection Division. The Louisiana CID requests all deposition transcripts related to the In re Broiler Chicken Antitrust Litigation.
On August 6, 2020, we received a CID from the Office of the Attorney General of the State of Washington. The Washington CID requests information primarily related to possible anticompetitive conduct or violations of state consumer protection laws in connection with the broiler chicken market. We have been cooperating with the Washington’s Attorney General’s office.
On June 18, 2018, a group of plaintiffs acting on their own behalf and on behalf of a putative class of all persons and entities who indirectly purchased pork, filed a class action complaint 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. Subsequent to the filing of the initial complaint, additional lawsuits making similar claims on behalf of putative classes of direct and indirect purchasers were also filed in the same court. The court consolidated the complaints, for pre-trial purposes, into actions on behalf of three different putative classes: direct purchasers, indirect purchasers/consumers and commercial/institutional indirect purchasers. The consolidated actions are styled In re Pork Antitrust Litigation. Since the original filing, a putative class member is proceeding with an individual direct action making similar claims, and others may do so in the future. The individual complaint has been filed in the District of Minnesota and is proceeding on a coordinated pre-trial basis with the consolidated actions. The complaints 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 United States 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. On August 8, 2019, this matter was dismissed without prejudice. The plaintiffs filed amended complaints on November 6, 2019, in which the plaintiffs again have alleged that the defendants conspired and combined to fix, raise, maintain, and stabilize the price of pork and pork products in violation of state and federal antitrust, consumer protection, and unjust enrichment common laws, and the plaintiffs again are seeking treble damages, injunctive relief, pre- and post-judgment interest, costs, and attorneys’ fees on behalf of the putative classes. The Commonwealth of Puerto Rico, on behalf of its citizens, has also initiated a civil lawsuit against us, certain of our subsidiaries, and several other pork processing companies alleging activities in violation of the Puerto Rican antitrust laws. This lawsuit was transferred to the District of Minnesota and an amended complaint was filed on December 6, 2019. We moved to dismiss the amended complaints, and on October 16, 2020, the court granted the motion with respect to certain state law claims but denied the motion with respect to the plaintiffs’ federal antitrust claims.
On April 23, 2019, a group of plaintiffs, acting on behalf of themselves and on behalf of a putative class of all persons and entities who directly sold to the named defendants any fed cattle for slaughter and all persons who transacted in live cattle futures and/or options traded on the Chicago Mercantile Exchange or another U.S. exchange, filed a class action complaint against us and our beef and pork subsidiary, Tyson Fresh Meats, Inc., as well as other beef packer defendants, in the United States District Court for the Northern District of Illinois. The plaintiffs allege that the defendants engaged in a conspiracy from January 2015 to the present to reduce fed cattle prices in violation of federal antitrust laws, the Grain Inspection, Packers and Stockyards Act of 1921, and the Commodities Exchange Act by periodically reducing their slaughter volumes so as to reduce demand for fed cattle, curtailing their purchases and slaughters of cash-purchased cattle during those same periods, coordinating their procurement practices for fed cattle settled on a cash basis, importing foreign cattle at a loss so as to reduce domestic demand, and closing and idling plants. In addition, the plaintiffs also allege the defendants colluded to manipulate live cattle futures and options traded on the Chicago Mercantile Exchange. The plaintiffs seek, among other things, treble monetary damages, punitive damages, restitution, and pre- and post-judgment interest, as well as declaratory and injunctive relief. This complaint was subsequently voluntarily dismissed and re-filed in the United States District Court for the District of Minnesota. Other similar lawsuits were filed by ranchers in other district courts. All actions seeking relief by ranchers and futures traders have now been transferred to the United States District Court for the District of Minnesota action and are consolidated for pre-trial proceedings as In Re Cattle Antitrust Litigation. Following the filing of defendants’ motion to dismiss this matter, the plaintiffs filed a second amended complaint on October 4, 2019. We moved to dismiss the second amended complaint, which the court granted on September 28, 2020. The dismissal is without prejudice, and the plaintiffs are permitted to amend their complaint by December 28, 2020.
On April 26, 2019, a group of plaintiffs, acting on behalf of themselves and on behalf of a putative class of indirect purchasers of beef for personal use filed a class action complaint against us, other beef packers, and Agri Stats, Inc., an information services provider, in the United States District Court for the District of Minnesota. The plaintiffs allege that the packer defendants conspired to reduce slaughter capacity by closing or idling plants, limiting their purchases of cash cattle, coordinating their procurement of cash cattle, and reducing their slaughter numbers so as to reduce beef output, all in order to artificially raise prices of beef. The plaintiffs seek, among other things, damages under state antitrust and consumer protection statutes and the common law of approximately 30 states, as well as injunctive relief. The plaintiffs filed a first amended complaint in which the claims against Agri Stats were dismissed and subsequently filed a second amended complaint on November 22, 2019. We moved to dismiss the second amended complaint. The indirect consumer purchaser litigation is styled as Peterson v. JBS USA Food Company Holdings, et al. Additional complaints have been filed on behalf of a putative class of direct purchasers of beef alleging violations of Section 1 of the Sherman Act based on an alleged conspiracy to artificially fix, raise, and stabilize the wholesale price for beef, as well as on behalf of a putative class of commercial and institutional indirect purchasers of beef alleging violations of Section 1 of the Sherman Act, various state antitrust laws and unjust enrichment based on an alleged conspiracy to artificially inflate the price for beef. On September 28, 2020, the court granted our motion to dismiss the second amended complaint. The dismissal is without prejudice, and the plaintiffs are permitted to amend their complaint by December 28, 2020.
On May 22, 2020, we received a CID from DOJ's Antitrust Division. The CID requests information related to the fed cattle and beef packing markets. We have been cooperating with the DOJ's Antitrust Division with respect to the CID.
On August 30, 2019, Judy Jien, Kieo Jibidi and Elaisa Clement, acting on their own behalf and a putative class of non-supervisory production and maintenance employees at chicken processing plants in the continental United States, filed a class action complaint 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. An additional complaint making similar allegations was also filed by Emily Earnest. 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. The plaintiffs seek, among other things, treble monetary damages, punitive damages, restitution, and pre- and post-judgment interest, as well as declaratory and injunctive relief. The court consolidated the Jien and Earnest cases for coordinated pretrial proceedings. Following the consolidation, two additional lawsuits were filed by individuals making similar allegations. The plaintiffs filed an amended consolidated complaint containing additional allegations concerning turkey processing plants and named additional defendants. We moved to dismiss the amended consolidated complaint. On September 16, 2020, the court dismissed claims against Tyson and certain other defendants without prejudice because the complaint improperly grouped together corporate subsidiaries. The court otherwise denied the defendants’ motions to dismiss and sustained claims based on alleged conspiracies to fix wages and exchange information against five other defendants. The court granted the plaintiffs leave to file an amended complaint to address the impermissible group pleading. On October 16, 2020, the plaintiffs filed a second amended complaint reasserting their claims.
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 PHP3,453,664,710 (approximately U.S. $71 million) in damages and fees. The respondents appealed the labor arbiter's ruling, and it was subsequently set aside by the NLRC in December 2006. Subsequent to the NLRC’s decision, the parties filed numerous appeals, motions for reconsideration and petitions for review, certain of which remained outstanding for several years. While various of those appeals, motions and/or petitions were pending, The Hillshire Brands Company, on June 23, 2014, without admitting liability, filed a settlement motion requesting that the Supreme Court of the Philippines order dismissal with prejudice of all claims against it and certain other respondents in exchange for payments allocated by the court among the complainants in an amount not to exceed PHP342,287,800 (approximately U.S. $7 million). Based in part on its finding that the consideration to be paid to the complainants as part of such settlement was insufficient, the Supreme Court of the Philippines denied the respondents’ settlement motion and all motions for reconsideration thereof. The Supreme Court of the Philippines also set aside as premature the NLRC’s December 2006 ruling. As a result, the cases were remanded back before the NLRC to rule on the merits of the case. On December 15, 2016, we learned that the NLRC rendered its decision on November 29, 2016, regarding the respondents’ appeals regarding 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 PHP14,858,495,937 (approximately U.S. $306 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 PHP68,000 (approximately U.S. $1,400). The settlement payment was made on December 21, 2016, to the NLRC, which is responsible for distributing the funds to each settling complainant. On December 27, 2016, the respondents filed motions for reconsideration with the NLRC asking that the award be set aside. The NLRC denied respondents' motions for reconsideration in a resolution received on May 5, 2017 and entered a judgment on the award on July 24, 2017. Each of Aris Philippines, Inc., Sara Lee Corporation and Sara Lee Philippines, Inc. appealed this award and sought an injunction to preclude enforcement of the award to the Philippines Court of Appeals. On November 23, 2017, the Court of Appeals granted a writ of preliminary injunction that precluded execution of the NLRC award during the pendency of the appeal. The Court of Appeals subsequently vacated the NLRC’s award on April 12, 2018. Complainants have filed motions for reconsideration with the Court of Appeals. On November 14, 2018, the Court of Appeals denied claimants’ motions for reconsideration and granted defendants’ motion to release and discharge the preliminary injunction bond. Claimants have since filed petitions for writ of certiorari with the Supreme Court of the Philippines. The Supreme Court has accepted the case for review. We continue to maintain an accrual for this matter.
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.
v3.20.4
Quarterly Financial Data (Unaudited)
 12 Months Ended
Oct. 03, 2020
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited) QUARTERLY FINANCIAL DATA (UNAUDITED)
Revision of Previously Issued Unaudited Consolidated Condensed Financial Statements
As described in Note 1: Business and Summary of Significant Accounting Policies, the Company determined it necessary to revise the accompanying consolidated annual and interim quarterly financial information to correct the misstatement in the periods impacted.
The following tables represent revisions to our unaudited consolidated condensed financial information for quarter-to-date interim periods in fiscal 2020 and 2019:
First Quarterin millions, except per share data
Quarter ended December 28, 2019Quarter ended December 29, 2018
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Statements of Income:
Sales$10,815 $— $10,815 $10,193 $— $10,193 
Gross profit1,440 — 1,440 1,355 — 1,355 
Selling, General and Administrative614 68 682 548 28 576 
Operating income826 (68)758 807 (28)779 
Income before Income Taxes725 (68)657 713 (28)685 
Income Tax Expense (Benefit)164 (16)148 161 (7)154 
Net income561 (52)509 552 (21)531 
Net income attributable to Tyson557 (52)505 551 (21)530 
Net income per share attributable to Tyson:
Class A Basic$1.56 $(0.14)$1.42 $1.54 $(0.05)$1.49 
Class B Basic$1.40 $(0.13)$1.27 $1.39 $(0.05)$1.34 
Diluted$1.52 $(0.14)$1.38 $1.50 $(0.06)$1.44 
Consolidated Statements of Comprehensive Income:
Net income$561 $(52)$509 $552 $(21)$531 
Comprehensive Income599 (52)547 549 (21)528 
Comprehensive Income Attributable to Tyson595 (52)543 548 (21)527 
As of December 28, 2019As of December 29, 2018
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Balance Sheets:
Inventories$4,304 $(247)$4,057 $3,777 $(150)$3,627 
Total Current Assets7,193 (247)6,946 6,301 (150)6,151 
Total Assets33,811 (247)33,564 32,335 (150)32,185 
Deferred Income Taxes2,369 (63)2,306 2,330 (39)2,291 
Retained Earnings14,178 (184)13,994 12,719 (111)12,608 
Total Tyson Shareholders' Equity14,419 (184)14,235 13,127 (111)13,016 
Total Shareholders' Equity14,566 (184)14,382 13,259 (111)13,148 
Total Liabilities and Shareholders' Equity33,811 (247)33,564 32,335 (150)32,185 
First quarter fiscal 2020 net income also included $52 million pretax restructuring and related charges and $16 million pretax Beef production facility fire costs, net of insurance proceeds.
First quarter fiscal 2019 net income included $26 million pretax Keystone Foods purchase accounting and acquisition related costs, which included an $11 million purchase accounting adjustment for the amortization of the fair value step-up of inventory and $15 million of acquisition related costs, and $8 million pretax restructuring and related charges.
Second Quarterin millions, except per share data
Quarter ended March 28, 2020Quarter ended March 30, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Statements of Income:
Sales$10,888 $— $10,888 $10,443 $— $10,443 
Gross profit1,021 — 1,021 1,192 — 1,192 
Selling, General and Administrative520 (14)506 557 43 600 
Operating income501 14 515 635 (43)592 
Income before Income Taxes491 14 505 528 (43)485 
Income Tax Expense (Benefit)124 2 126 98 (11)87 
Net income367 12 379 430 (32)398 
Net income attributable to Tyson364 12 376 426 (32)394 
Net income per share attributable to Tyson:
Class A Basic$1.03 $0.03 $1.06 $1.20 $(0.09)$1.11 
Class B Basic$0.92 $0.03 $0.95 $1.07 $(0.08)$0.99 
Diluted$1.00 $0.03 $1.03 $1.17 $(0.09)$1.08 
Consolidated Statements of Comprehensive Income:
Net income$367 $12 $379 $430 $(32)$398 
Comprehensive Income216 12 228 452 (32)420 
Comprehensive Income Attributable to Tyson213 12 225 448 (32)416 
As of March 28, 2020As of March 30, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Balance Sheets:
Inventories$4,025 $(233)$3,792 $3,899 $(193)$3,706 
Total Current Assets7,099 (233)6,866 6,376 (193)6,183 
Total Assets33,890 (233)33,657 32,498 (193)32,305 
Deferred Income Taxes2,384 (61)2,323 2,278 (50)2,228 
Retained Earnings14,392 (172)14,220 13,012 (143)12,869 
Total Tyson Shareholders' Equity14,449 (172)14,277 13,423 (143)13,280 
Total Shareholders' Equity14,594 (172)14,422 13,558 (143)13,415 
Total Liabilities and Shareholders' Equity33,890 (233)33,657 32,498 (193)32,305 
Second quarter fiscal 2020 net income included $110 million pretax gain from pension plan terminations.
Second quarter fiscal 2019 net income included $11 million pretax Keystone Foods acquisition related costs and $8 million pretax restructuring and related charges.
Third Quarterin millions, except per share data
Quarter ended June 27, 2020Quarter Ended June 29, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Statements of Income:
Sales$10,022 $— $10,022 $10,885 $— $10,885 
Gross profit1,313 — 1,313 1,336 — 1,336 
Selling, General and Administrative538 2 540 555 (10)545 
Operating income775 (2)773 781 10 791 
Income before Income Taxes667 (2)665 724 10 734 
Income Tax Expense (Benefit)140 (1)139 43 2 45 
Net income527 (1)526 681 8 689 
Net income attributable to Tyson527 (1)526 676 8 684 
Net income per share attributable to Tyson:
Class A Basic$1.48 $— $1.48 $1.90 $0.02 $1.92 
Class B Basic$1.33 $— $1.33 $1.71 $0.02 $1.73 
Diluted$1.44 $— $1.44 $1.84 $0.03 $1.87 
Consolidated Statements of Comprehensive Income:
Net income$527 $(1)$526 $681 $8 $689 
Comprehensive Income540 (1)539 671 8 679 
Comprehensive Income Attributable to Tyson540 (1)539 666 8 674 
As of June 27, 2020As of June 29, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Balance Sheets:
Inventories$3,915 $(235)$3,680 $4,149 $(183)$3,966 
Total Current Assets7,699 (235)7,464 7,433 (183)7,250 
Total Assets34,558 (235)34,323 33,665 (183)33,482 
Deferred Income Taxes2,370 (62)2,308 2,338 (48)2,290 
Retained Earnings14,769 (173)14,596 13,553 (135)13,418 
Total Tyson Shareholders' Equity14,858 (173)14,685 13,928 (135)13,793 
Total Shareholders' Equity15,004 (173)14,831 14,141 (135)14,006 
Total Liabilities and Shareholders' Equity34,558 (235)34,323 33,665 (183)33,482 
Third quarter fiscal 2020 net income included $15 million pretax Beef production facility fire insurance proceeds, net of costs and $6 million pretax gain from pension plan terminations.
Third quarter fiscal 2019 net income included $105 million post tax recognition of previously unrecognized tax benefit, $55 million pretax gain on sale of an investment and $15 million pretax restructuring and related charges.
Fourth Quarterin millions, except per share data
Quarter ended October 3, 2020Quarter ended September 29, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Statements of Income:
Sales$11,460 $— $11,460 $10,884 $— $10,884 
Gross profit1,610 — 1,610 1,139 — 1,139 
Selling, General and Administrative598 50 648 535 (4)531 
Operating income1,012 (50)962 604 4 608 
Income before Income Taxes887 (50)837 466 4 470 
Income Tax Expense (Benefit)192 (12)180 94 1 95 
Net income695 (38)657 372 3 375 
Net income attributable to Tyson692 (38)654 369 3 372 
Net income per share attributable to Tyson:
Class A Basic$1.95 $(0.12)$1.83 $1.03 $0.01 $1.04 
Class B Basic$1.76 $(0.10)$1.66 $0.93 $— $0.93 
Diluted$1.90 $(0.11)$1.79 $1.01 $— $1.01 
Consolidated Statements of Comprehensive Income:
Net income$695 $(38)$657 $372 $3 $375 
Comprehensive Income733 (38)695 261 3 264 
Comprehensive Income Attributable to Tyson730 (38)692 258 3 261 
As of October 3, 2020As of September 29, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Balance Sheets:
Inventories$4,144 $(285)$3,859 $4,108 $(179)$3,929 
Total Current Assets7,883 (285)7,598 7,169 (179)6,990 
Total Assets34,741 (285)34,456 33,097 (179)32,918 
Deferred Income Taxes2,391 (74)2,317 2,356 (47)2,309 
Retained Earnings15,311 (211)15,100 13,787 (132)13,655 
Total Tyson Shareholders' Equity15,465 (211)15,254 14,082 (132)13,950 
Total Shareholders' Equity15,597 (211)15,386 14,226 (132)14,094 
Total Liabilities and Shareholders' Equity34,741 (285)34,456 33,097 (179)32,918 
Fourth quarter fiscal 2020 net income included $23 million pretax restructuring and related charges and $65 million pretax income related to our accounting cycle resulting in a 53-week year in fiscal 2020.
Fourth quarter fiscal 2019 net income included $31 million pretax Beef production facility fire costs, a $41 million pretax impairment charge related to the divestiture of a business, $15 million pretax pension plan termination charge and $10 million pretax restructuring and related charges.
The revisions set forth above did not impact total cash flows provided by operating activities and for each period presented above, the impacts of the misstatements on individual line items within cash flows provided by operating activities were not material, including net income, change in inventories for the impact of the misstatement, and deferred income taxes for the tax impact of the misstatement.
v3.20.4
Valuation And Qualifying Accounts
 12 Months Ended
Oct. 03, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation And Qualifying Accounts
FINANCIAL STATEMENT SCHEDULE
TYSON FOODS, INC.
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
Three Years Ended October 3, 2020
Additions
in millionsBalance at
Beginning
of Period		Charged to
Costs and
Expenses		Charged to
Other 
Accounts		(Deductions)Balance at End
of Period
Allowance for Doubtful Accounts:
2020$21 $9 $— $(4)$26 
201919 4 — (2)21 
201834 3 — (18)19 
Inventory Lower of Cost or Net Realizable Value Allowance:
2020$34 $102 $— $(109)$27 
201925 61 — (52)34 
20183 68 — (46)25 
Valuation Allowance on Deferred Tax Assets:
2020$86 $35 $13 $(7)$127 
201979 13 6 (12)86 
201875 12 — (8)79 
v3.20.4
Business And Summary Of Significant Accounting Policies (Policy)
 12 Months Ended
Oct. 03, 2020
Unusual Risk or Uncertainty [Line Items]  
Description Of Business Description of Business: Tyson Foods, Inc. (collectively, “Company,” “we,” “us” or “our”), is one of the world's largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the Company has a broad portfolio of products and brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. We innovate continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do.
Consolidation Consolidation: The consolidated 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. All significant intercompany accounts and transactions have been eliminated in consolidation.
Fiscal Year Fiscal Year: We utilize a 52- or 53-week accounting period ending on the Saturday closest to September 30. The Company’s accounting cycle resulted in a 53-week year for fiscal 2020 and a 52-week year for fiscal 2019 and fiscal 2018.
Cash And Cash Equivalents Cash and Cash Equivalents: Cash equivalents consist of investments in short-term, highly liquid securities having original maturities of three months or less, which are made as part of our cash management activity. The carrying values of these assets approximate their fair values. We primarily utilize a cash management system with a series of separate accounts consisting of lockbox accounts for receiving cash, concentration accounts where funds are moved to, and several zero-balance disbursement accounts for funding payroll, accounts payable, livestock procurement, livestock grower payments, etc. As a result of our cash management system, checks issued, but not presented to the banks for payment, may result in negative book cash balances. These negative book cash balances are included in accounts payable and other current liabilities. At October 3, 2020, and September 28, 2019, checks outstanding in excess of related book cash balances totaled approximately $200 million.
Accounts Receivable Accounts Receivable: We record accounts receivable at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on the accounts receivable balances and charged to the provision for doubtful accounts. We calculate this allowance based on our history of write-offs, level of past due accounts and relationships with and economic status of our customers. At October 3, 2020, and September 28, 2019, our allowance for uncollectible accounts was $26 million and $21 million, respectively. We generally do not have collateral for our receivables, but we do periodically evaluate the credit worthiness of our customers.
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. In fiscal 2020 and fiscal 2019, the cost of inventories was determined by either the first-in, first-out (“FIFO”) method or the weighted-average method
Property, Plant And Equipment
Property, Plant and Equipment: Property, plant and equipment are stated at cost and generally depreciated on a straight-line method over the estimated lives for buildings and leasehold improvements of 10 to 33 years, machinery and equipment of 3 to 12 years and land improvements and other of 3 to 20 years. Major repairs and maintenance costs that significantly extend the useful life of the related assets are capitalized. Normal repairs and maintenance costs are charged to operations.
We review the carrying value of long-lived assets at each balance sheet date if indication of impairment exists. Recoverability is assessed using undiscounted cash flows based on historical results and current projections of earnings before interest, taxes, depreciation and amortization. We measure impairment as the excess of carrying value over the fair value of an asset group. The fair value of an asset group is generally measured using discounted cash flows including market participant assumptions of future operating results and discount rates.
Goodwill And Other Intangible Assets
Goodwill and Intangible Assets: Definite life intangibles are initially recorded at fair value and amortized over the estimated period of benefit. Brands and trademarks are generally amortized using the straight-line method over 20 years or less. Customer relationships and supply arrangements are generally amortized over 7 to 30 years based on the pattern of revenue expected to be generated from the use of the asset. The gross cost and accumulated amortization of intangible assets are removed when the recorded amounts are fully amortized and the asset is no longer in use or the contract has expired. Amortization expense is generally recognized in selling, general, and administrative expense. We review the carrying value of definite life intangibles at each balance sheet date if indication of impairment exists. Recoverability is assessed using undiscounted cash flows based on historical results and current projections of earnings before interest, taxes, depreciation and amortization. We measure impairment as the excess of carrying value over the fair value of the definite life intangible asset. We use various valuation techniques to estimate fair value, with the primary techniques being discounted cash flows, relief-from-royalty and multi-period excess earnings valuation approaches, which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy. Under these valuation approaches, we are required to make estimates and assumptions about sales, operating margins, growth rates, royalty rates and discount rates based on budgets, business plans, economic projections, anticipated future cash flows and marketplace data.
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. Our goodwill is allocated by reporting unit and is evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative goodwill test is necessary. If it is determined, based on qualitative factors, the fair value of the reporting unit may be more likely than not less than carrying amount, or if significant changes to macro-economic factors related to the reporting unit have occurred that could materially impact fair value, a quantitative goodwill impairment test would be required. Additionally, we can elect to forgo the qualitative assessment and perform the quantitative test. The quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds the fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the carrying amount of goodwill.
We estimate the fair value of our reporting units considering the use of various valuation techniques, with the primary technique being an income approach (discounted cash flow method), with another technique being a market approach (guideline public company method), which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy. We include assumptions about sales, operating margins, growth rates, discount rates and valuations multiples which consider our budgets, business plans, economic projections and marketplace data, and are believed to reflect market participant views which would exist in an exit transaction. Assumptions are also made for varying perpetual growth rates for periods beyond the long-term business plan period. Generally, we utilize operating margin assumptions based on future expectations, operating margins historically realized in the reporting units' industries and industry marketplace valuation multiples.
Some of the inherent estimates and assumptions used in determining fair value of the reporting units 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 additional material impairments of our goodwill.
During fiscal 2020, 2019 and 2018, we determined none of our material reporting units' fair values were below its carrying value. All of our material reporting units’ estimated fair value exceeded their carrying value by more than 20% at the date of their most recent estimated fair value determination, other than the Domestic Chicken reporting unit, which had $3,266 million of goodwill at October 3, 2020.
For our indefinite life intangible assets, a qualitative assessment can also be performed to determine whether the existence of events and circumstances indicates it is more likely than not an intangible asset is impaired. Similar to goodwill, we can also elect to forgo the qualitative test for indefinite life intangible assets and perform the quantitative test. Upon performing the quantitative test, if the carrying value of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess.
The fair value of our indefinite life intangible assets is calculated principally using multi-period excess earnings and relief-from-royalty valuation approaches, which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy, and is believed to reflect market participant views which would exist in an exit transaction. Under these valuation approaches, we are required to make estimates and assumptions about sales, operating margins, growth rates, royalty rates and discount rates based on budgets, business plans, economic projections, anticipated future cash flows and marketplace data. During fiscal 2020, 2019 and 2018, we determined the fair value of each of our indefinite life intangible assets exceeded its carrying value. All of our indefinite life intangible assets’ estimated fair value exceeded their carrying value by more than 20% at the date of their most recent estimated fair value determination.
Investments
Investments: We have investments in joint ventures and other entities. The equity method of accounting is used for entities in which we exercise significant influence but do not have a controlling interest or a variable interest in which we are the primary beneficiary. Investments not accounted for using the equity method do not have readily determinable fair values and do not qualify for the practical expedient to measure the investment using a net asset value per share. These investments are recorded using the measurement alternative in which our equity interests are recorded at cost, less impairments, adjusted for observable price changes in orderly transactions for an identical or similar investment of the same issuer. At each reporting period, we assess if these investments continue to qualify for this measurement alternative. An impairment is recorded when there is evidence that the expected fair value of the investment has declined to below the recorded cost. Adjustments to the carrying value are recorded in Other, net in the Consolidated Statements of Income. Investments in joint ventures and other entities are reported in the Consolidated Balance Sheets in Other Assets.
We also have investments in marketable debt securities. We have determined all of our marketable debt securities are available-for-sale investments. These investments are reported at fair value based on quoted market prices as of the balance sheet date, with unrealized gains and losses, net of tax, recorded in other comprehensive income.
The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization is recorded in interest income. The cost of securities sold is based on the specific identification method. Realized gains and losses on the sale of debt securities and declines in value judged to be other than temporary are recorded on a net basis in other income. Interest and dividends on securities classified as available-for-sale are recorded in interest income.
Accrued Self-Insurance Accrued Self-Insurance: We use a combination of insurance and self-insurance mechanisms in an effort to mitigate the potential liabilities for health and welfare, workers’ compensation, auto liability and general liability risks. Liabilities associated with our risks retained are estimated, in part, by considering claims experience, demographic factors, severity factors and other actuarial assumptions.
Defined Benefit Plans Defined Benefit Plans: We recognize the funded status of defined pension and postretirement plans in the Consolidated Balance Sheets. The funded status is measured as the difference between the fair value of the plan assets and the benefit obligation. We measure our plan assets and liabilities at the end of our fiscal year. For a defined benefit pension plan, the benefit obligation is the projected benefit obligation; for any other defined benefit postretirement plan, such as a retiree health care plan, the benefit obligation is the accumulated postretirement benefit obligation. Any overfunded status is recognized as an asset and any underfunded status is recognized as a liability. Any transitional asset/liability, prior service cost or actuarial gain/loss that has not yet been recognized as a component of net periodic cost is recognized in accumulated other comprehensive income. Accumulated other comprehensive income will be adjusted as these amounts are subsequently recognized as a component of net periodic benefit costs in future periods.
Derivative Financial Instruments Derivative Financial Instruments: We purchase certain commodities, such as grains and livestock in the course of normal operations. As part of our commodity risk management activities, we use derivative financial instruments, primarily futures and options, to reduce our exposure to various market risks related to these purchases, as well as to changes in foreign currency exchange and interest rates. Contract terms of a financial instrument qualifying as a hedge instrument closely mirror those of the hedged item, providing a high degree of risk reduction and correlation. Contracts designated and highly effective at meeting risk reduction and correlation criteria are recorded using hedge accounting. If a derivative instrument is accounted for as a hedge, depending on the nature of the hedge, changes in the fair value of the instrument either will be offset against the change in fair value of the hedged assets, liabilities or firm commitments through earnings, or be recognized in other comprehensive income (loss) until the hedged item is recognized in earnings. The ineffective portion of an instrument’s change in fair value is recognized immediately. Instruments we hold as part of our risk management activities that do not meet the criteria for hedge accounting are marked to fair value with unrealized gains or losses reported currently in earnings. Changes in market value of derivatives used in our risk management activities relating to inputs of forward sales contracts are recorded in cost of sales. Changes in market value of derivatives used in our risk management activities surrounding inventories on hand or anticipated purchases of inventories are recorded in cost of sales. Changes in market value of derivatives used in our risk management activities related to interest rates are recorded in interest expense. Changes in the market value of derivatives used in our risk management activities related to foreign exchange contracts are recorded in other, net. We generally do not hedge anticipated transactions beyond 18 months.
Litigation Reserves Litigation Reserves: There are a variety of legal proceedings pending or threatened against us. Accruals are recorded when it is probable a liability has been incurred and the amount of the liability can be reasonably estimated based on current law, progress of each case, opinions and views of legal counsel and other advisers, our experience in similar matters and intended response to the litigation. These amounts, which are not discounted and are exclusive of claims against third parties, are adjusted periodically as assessment efforts progress or additional information becomes available. We expense amounts for administering or litigating claims as incurred. Accruals for legal proceedings are included in Other current liabilities in the Consolidated Balance Sheets.
Revenue Recognition Revenue Recognition: We recognize revenue mainly through retail, foodservice, international, industrial and other distribution channels. Our revenues primarily result from contracts with customers and are generally short term in nature with the delivery of product as the single performance obligation. We recognize revenue for the sale of the product at the point in time when our performance obligation has been satisfied and control of the product has transferred to our customer, which generally occurs upon shipment or delivery to a customer based on terms of the sale. We elected to account for shipping and handling activities that occur after the customer has obtained control of the product as a fulfillment cost rather than an additional promised service. Our contracts are generally less than one year, and therefore we recognize costs paid to third party brokers to obtain contracts as expenses. Additionally, items that are not material in the context of the contract are recognized as expense. Any taxes collected on behalf of government authorities are excluded from net revenues.Revenue is measured by the transaction price, which is defined as the amount of consideration we expect to receive in exchange for providing goods to customers. The transaction price is adjusted for estimates of known or expected variable consideration, which includes consumer incentives, trade promotions, and allowances, such as coupons, discounts, rebates, volume-based incentives, cooperative advertising, and other programs. Variable consideration related to these programs is recorded as a reduction to revenue based on amounts we expect to pay. We base these estimates on current performance, historical utilization, and projected redemption rates of each program. We review and update these estimates regularly until the incentives or product returns are realized and the impact of any adjustments are recognized in the period the adjustments are identified. In many cases, key sales terms such as pricing and quantities ordered are established on a regular basis such that most customer arrangements and related incentives have a duration of less than one year. Amounts billed and due from customers are short term in nature and are classified as receivables since payments are unconditional and only the passage of time is required before payments are due. Additionally, we do not grant payment financing terms greater than one year. Freight expense associated with products shipped to customers is recognized in cost of sales.
Marketing, Promotion and Advertising Costs Advertising Expenses: Advertising expense is charged to operations in the period incurred and is recorded as selling, general and administrative expense. Advertising expense totaled $283 million, $276 million and $243 million in fiscal 2020, 2019 and 2018, respectively.
Research And Development Research and Development: Research and development costs are expensed as incurred. Research and development costs totaled $98 million, $97 million and $114 million in fiscal 2020, 2019 and 2018, respectively.
Business Combinations
Business Combinations: We account for acquired businesses using the acquisition method of accounting, which requires that once control of a business is obtained, 100% of the assets acquired and liabilities assumed, including amounts attributable to noncontrolling interests, be recorded at the date of acquisition at their respective fair values. Any excess of the purchase price over the estimated fair values of the net assets acquired is recorded as goodwill. Acquisition-related expenses including transaction and integration costs are expensed as incurred.
We use various models to determine the value of assets acquired such as net realizable value to value inventory, cost method and market approach to value property, relief-from-royalty and multi-period excess earnings to value intangibles, and discounted cash flow to value goodwill. We make estimates and assumptions about projected future cash flows including sales, operating margins, attrition rates, growth rates, and discount rates based on historical results, business plans, expected synergies, perceived risk, and market place data considering the perspective of marketplace participants. Determining the useful life of an intangible asset also requires judgment as different types of intangible assets will have different useful lives and certain assets may be considered to have indefinite useful lives.
Use Of Estimates Use of Estimates: The consolidated 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 financial statements and accompanying notes. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements:
In August 2020, the Financial Accounting Standards Board (“FASB”) issued guidance that simplifies the accounting for debt with conversion options, revises the criteria for applying the derivative scope exception for contracts in an entity’s own equity, and improves the consistency for the calculation of earnings per share. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2021, our fiscal 2023. Early adoption is permitted for annual periods and interim periods within those annual periods beginning after December 15, 2020, our fiscal 2022. We are currently evaluating the impact this guidance will have on our consolidated financial statements.
In March 2020, the FASB issued guidance providing optional expedients and exceptions to account for the effects of reference rate reform to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued. The optional guidance, which became effective on March 12, 2020 and can be applied through December 21, 2022, has not impacted our consolidated financial statements. The Company has various contracts that reference LIBOR and is assessing how this standard may be applied to specific contract modifications through December 31, 2022.
In December 2019, the FASB issued guidance that simplifies the accounting for income taxes by removing certain exceptions to general principles in Topic 740 and clarifies other general principles by adding certain requirements to Topic 740. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2020, our fiscal 2022. Early adoption is permitted for periods for which financial statements have not yet been issued, beginning our fiscal 2020. An entity that elects to early adopt the amendments in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. The application of the guidance requires various transition methods depending on the specific amendment. We are currently evaluating the impact this guidance will have on our consolidated financial statements.
In June 2016, the FASB issued guidance that provides more decision-useful information about the expected credit losses on financial instruments and changes the loss impairment methodology. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2019, our fiscal 2021. We will adopt this guidance using the modified retrospective and prospective transition methods beginning in the first quarter of fiscal 2021. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.
v3.20.4
Business And Summary Of Significant Accounting Policies (Tables)
 12 Months Ended
Oct. 03, 2020
Accounting Policies [Abstract]  
Inventories The following table reflects the major components of inventory at October 3, 2020, and September 28, 2019 (in millions):
20202019
Processed products$2,223 $2,362 
Livestock(1)
977 971 
Supplies and other659 596 
Total inventory$3,859 $3,929 
(1) As of October 3, 2020 the Livestock amounts have changed from $1,262 million as originally reported to $977 million as revised and as of September 28, 2019 have changed from $1,150 million as originally reported to $971 million as revised as further discussed below in the section “Revision.”
Other Current Liabilities Other Current Liabilities: Other current liabilities at October 3, 2020, and September 28, 2019, include (in millions):
 20202019
Accrued salaries, wages and benefits$823 $620 
Other987 865 
Total other current liabilities$1,810 $1,485 
Schedule of Error Corrections and Prior Period Adjustments
The following tables reflect the impact of this revision on our consolidated financial statements as of and for the fiscal years indicated:
Consolidated Balance Sheetsin millions
As of October 3, 2020As of September 28, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Inventories$4,144 $(285)$3,859 $4,108 $(179)$3,929 
Total Current Assets7,883 (285)7,598 7,169 (179)6,990 
Total Assets34,741 (285)34,456 33,097 (179)32,918 
Deferred Income Taxes2,391 (74)2,317 2,356 (47)2,309 
Retained Earnings (a)15,311 (211)15,100 13,787 (132)13,655 
Total Tyson Shareholders' Equity15,465 (211)15,254 14,082 (132)13,950 
Total Shareholders' Equity15,597 (211)15,386 14,226 (132)14,094 
Total Liabilities and Shareholders' Equity34,741 (285)34,456 33,097 (179)32,918 
Consolidated Statements of Incomein millions
Year ended October 3, 2020Year ended September 28, 2019Year ended September 29, 2018
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Selling, General and Administrative$2,270 $106 $2,376 $2,195 $57 $2,252 $2,064 $63 $2,127 
Operating Income3,114 (106)3,008 2,827 (57)2,770 3,032 (63)2,969 
Income before Income Taxes2,770 (106)2,664 2,431 (57)2,374 2,745 (63)2,682 
Income Tax Expense (Benefit)620 (27)593 396 (15)381 (282)(9)(291)
Net Income2,150 (79)2,071 2,035 (42)1,993 3,027 (54)2,973 
Net Income Attributable to Tyson2,140 (79)2,061 2,022 (42)1,980 3,024 (54)2,970 
Net Income Per Share Attributable to Tyson:
   Class A$6.02 $(0.23)$5.79 $5.67 $(0.11)$5.56 $8.44 $(0.15)$8.29 
   Class B$5.41 $(0.20)$5.21 $5.10 $(0.11)$4.99 $7.59 $(0.13)$7.46 
   Diluted$5.86 $(0.22)$5.64 $5.52 $(0.12)$5.40 $8.19 $(0.15)$8.04 
Consolidated Statements of Comprehensive Incomein millions
Year ended October 3, 2020Year ended September 28, 2019Year ended September 29, 2018
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Net Income$2,150 $(79)$2,071 $2,035 $(42)$1,993 $3,027 $(54)$2,973 
Comprehensive Income2,088 (79)2,009 1,933 (42)1,891 2,983 (54)2,929 
Comprehensive Income Attributable to Tyson2,078 (79)1,999 1,920 (42)1,878 2,980 (54)2,926 
Consolidated Statements of Cash Flowsin millions
Year ended October 3, 2020Year ended September 28, 2019Year ended September 29, 2018
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Net Income$2,150 $(79)$2,071 $2,035 $(42)$1,993 $3,027 $(54)$2,973 
Deferred Income Taxes45 (27)18 92 (15)77 (865)(9)(874)
(Increase) decrease in inventories(20)106 86 (214)57 (157)(207)63 (144)
v3.20.4
Acquisitions and Dispositions (Tables)
 12 Months Ended
Oct. 03, 2020
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the purchase price allocation for Keystone Foods and fair values of the assets acquired and liabilities assumed at the acquisition date (in millions):
Cash and cash equivalents$186 
Accounts receivable106 
Inventories257 
Other current assets34 
Property, Plant and Equipment676 
Goodwill1,120 
Intangible Assets659 
Other Assets28 
Current debt(73)
Accounts payable(208)
Other current liabilities(99)
Long-Term Debt(113)
Deferred Income Taxes(177)
Other Liabilities(8)
Noncontrolling Interests(122)
Net assets acquired$2,266 
v3.20.4
Property, Plant And Equipment (Tables)
 12 Months Ended
Oct. 03, 2020
Property, Plant and Equipment, Net [Abstract]  
Schedule Of Property, Plant And Equipment And Accumulated Depreciation The following table reflects major categories of property, plant and equipment and accumulated depreciation at October 3, 2020, and September 28, 2019 (in millions):
20202019
Land$196 $198 
Building and leasehold improvements4,961 4,747 
Machinery and equipment9,013 8,607 
Land improvements and other420 385 
Buildings and equipment under construction991 713 
15,581 14,650 
Less accumulated depreciation7,985 7,368 
Net property, plant and equipment$7,596 $7,282 
v3.20.4
Goodwill And Intangible Assets (Tables)
 12 Months Ended
Oct. 03, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Goodwill Activity
The following table reflects goodwill activity for fiscal 2020 and 2019 (in millions):
BeefPorkChickenPrepared
Foods		International/OtherUnallocatedConsolidated
Balance at September 29, 2018
Goodwill$1,236 $423 $2,498 $6,142 $57 $— $10,356 
Accumulated impairment losses(560)— — — (57)— (617)
$676 $423 $2,498 $6,142 $— $— $9,739 
Fiscal 2019 Activity:
Acquisition$— $— $779 $— $342 $— $1,121 
Measurement period adjustments— — 66 — — — 66 
Reclass to assets held for sale— — (70)(7)— — (77)
Currency translation and other— — 1 (1)(5)— (5)
Balance at September 28, 2019
Goodwill1,236 423 3,274 6,134 394 — 11,461 
Accumulated impairment losses(560)— — — (57)— (617)
$676 $423 $3,274 $6,134 $337 $— $10,844 
Fiscal 2020 Activity:
Measurement period adjustments$— $— $— $— $46 $— $46 
Currency translation and other— — — — 9 — 9 
Balance at October 03, 2020
Goodwill1,236 423 3,274 6,134 449 — 11,516 
Accumulated impairment losses(560)— — — (57)— (617)
$676 $423 $3,274 $6,134 $392 $— $10,899 
Schedule Of Other Intangible Assets By Type The following table reflects intangible assets by type at October 3, 2020, and September 28, 2019 (in millions):
20202019
Amortizable intangible assets:
Brands and trademarks$951 $945 
Customer relationships2,388 2,389 
Supply Arrangements310 310 
Patents, intellectual property and other44 34 
Land use rights8 8 
  Total gross amortizable intangible assets$3,701 $3,686 
     Less accumulated amortization1,005 727 
  Total net amortizable intangible assets$2,696 $2,959 
Brands and trademarks not subject to amortization4,078 4,078 
  Total intangible assets$6,774 $7,037 
v3.20.4
Leases (Tables)
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Leases [Abstract]    
Lessee Operating Balance Sheet Information [Table Text Block] Operating lease ROU assets and liabilities presented in our Consolidated Balance Sheets were as follows (in millions):
October 3, 2020
Other Assets$532 
Other current liabilities161 
Other Liabilities368 
  
Lease, Cost [Table Text Block]
The components of lease costs were as follows (in millions):
Twelve Months Ended
October 3, 2020
Operating lease cost (a)
$199 
Variable lease cost (b)
451 
Short-term lease cost38 
Total$688 
  
Lessee Operating Lease Other Information [Table Text Block]
Other operating lease information includes the following:
Twelve months ended October 3, 2020
Operating cash outflows from operating leases (in millions)$211 
ROU assets obtained in exchange for new operating lease liabilities (in millions)$167 
Weighted-average remaining lease term5 years
Weighted-average discount rate3 %
  
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
At October 3, 2020, future maturities of operating leases were as follows (in millions):
Operating Lease Commitments
2021$173 
2022129 
202388 
202464 
202545 
2026 and beyond63 
Total undiscounted operating lease payments$562 
Less: Imputed interest33 
Present value of total operating lease liabilities$529 
  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]   Minimum lease commitments under non-cancelable leases at September 28, 2019 were (in millions):
Operating Lease Commitments
2020$159 
2021113 
202274 
202349 
202440 
2025 and beyond54 
Total$489 
Other Commitments [Table Text Block]   Livestock grower fixed or estimable non-cancelable commitments at September 28, 2019 were (in millions):
Livestock Grower Commitments
2020$253 
2021131 
202286 
202358 
202449 
2025 and beyond122 
Total$699 
v3.20.4
Restructuring and Related Charges (Tables)
 12 Months Ended
Oct. 03, 2020
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Costs [Table Text Block]
The following table reflects the pretax impact of restructuring and related charges during fiscal 2020, 2019 and 2018 and the charges to date, by reportable segment (in millions):
201820192020Total charges to date
Beef$4 $1 $9 $22 
Pork1 1 3 8 
Chicken30 21 34 141 
Prepared Foods24 18 28 152 
International/Other— — 3 4 
Total restructuring and related charges, pretax$59 $41 $77 $327 
v3.20.4
Income Taxes (Tables)
 12 Months Ended
Oct. 03, 2020
Income Tax Disclosure [Abstract]  
Schedule Of Provision For Income Taxes From Continuing Operations Detail of the provision (benefit) for income taxes from continuing operations consists of the following (in millions):
202020192018
Federal$477 $314 $(431)
State98 38 114 
Foreign18 29 26 
 $593 $381 $(291)
Current$575 $304 $583 
Deferred18 77 (874)
 $593 $381 $(291)
Schedule Of Reasons For Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate The reasons for the difference between the statutory federal income tax rate and our effective income tax rate from continuing operations are as follows:
202020192018
Federal income tax rate21.0 %21.0 %24.5 %
State income taxes2.9 2.8 3.2 
Unrecognized tax benefits, net(0.1)(6.7)(0.1)
Impact of the Tax Act— — (38.4)
Domestic production deduction— — (1.7)
Impairment and sale of non-protein businesses— — 3.2 
Other(1.5)(1.0)(1.5)
22.3 %16.1 %(10.8)%
Schedule Of Tax Effects Of Major Items Recorded As Deferred Tax Assets And Liabilities The tax effects of major items recorded as deferred tax assets and liabilities as of October 3, 2020, and September 28, 2019, are as follows (in millions):
20202019
AssetsLiabilitiesAssetsLiabilities
Property, plant and equipment$— $923 $— $891 
Intangible assets— 1,591 — 1,624 
ROU assets— 154 — — 
Accrued expenses341 — 297 — 
Lease liabilities129 — — — 
Net operating loss and other carryforwards137 — 99 — 
Other149 265 131 231 
$756 $2,933 $527 $2,746 
Valuation allowance$(127)$(86)
Net deferred tax liability$2,304 $2,305 
Schedule Of Activity Related To Gross Unrecognized Tax Benefits The following table summarizes the activity related to our gross unrecognized tax benefits at October 3, 2020, September 28, 2019, and September 29, 2018 (in millions):
202020192018
Balance as of the beginning of the year$169 $308 $316 
Increases related to current year tax positions21 20 19 
Increases related to prior year tax positions5 21 8 
Reductions related to prior year tax positions(9)(17)(18)
Reductions related to settlements(3)(9)(8)
Reductions related to expirations of statutes of limitations(18)(154)(9)
Balance as of the end of the year$165 $169 $308 
v3.20.4
Debt (Tables)
 12 Months Ended
Oct. 03, 2020
Debt Instruments [Abstract]  
Schedule Of Major Components Of Debt The following table reflects major components of debt as of October 3, 2020, and September 28, 2019 (in millions):
20202019
Revolving credit facility$— $70 
Commercial Paper— 1,000 
Senior notes:
Notes due June 2020 ("2020 Notes")— 350 
Notes due August 2020 ("2020 Notes")— 400 
4.10% Notes due September 2020 ("2020 Notes")— 280 
2.25% Notes due August 2021500 500 
4.50% Senior notes due June 2022 1,000 1,000 
3.90% Notes due September 2023400 400 
3.95% Notes due August 2024 1,250 1,250 
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 
6.13% Notes due November 2032 160 161 
4.88% Notes due August 2034 500 500 
5.15% Notes due August 2044 500 500 
4.55% Notes due June 2047750 750 
5.10% Notes due September 2048 ("2048 Notes")1,500 1,500 
Discount on senior notes(45)(48)
Term loan:
Term loan facility due March 2022 (1.69% at October 3, 2020)1,500 — 
Other216 216 
Unamortized debt issuance costs(60)(65)
Total debt11,339 11,932 
Less current debt548 2,102 
Total long-term debt$10,791 $9,830 
v3.20.4
Equity (Tables)
 12 Months Ended
Oct. 03, 2020
Equity [Abstract]  
Schedule of Share Repurchases A summary of cumulative share repurchases of our Class A stock for fiscal 2020, 2019 and 2018 is as follows (in millions):
October 3, 2020September 28, 2019September 29, 2018
SharesDollarsSharesDollarsSharesDollars
Shares repurchased:
Under share repurchase program1.8 $150 2.3 $150 4.9 $350 
To fund certain obligations under equity compensation plans0.7 57 1.4 102 1.0 77 
Total share repurchases2.5 $207 3.7 $252 5.9 $427 
v3.20.4
Earnings Per Share (Tables)
 12 Months Ended
Oct. 03, 2020
Earnings Per Share [Abstract]  
Schedule Of Earnings Per Share, Basic And Diluted The earnings and weighted average common shares used in the computation of basic and diluted earnings per share are as follows:
in millions, except per share data
202020192018
Numerator:
Net income$2,071 $1,993 $2,973 
Less: Net income attributable to noncontrolling interests10 13 3 
Net income attributable to Tyson2,061 1,980 2,970 
Less dividends declared:
Class A508 465 378 
Class B108 99 80 
Undistributed earnings$1,445 $1,416 $2,512 
Class A undistributed earnings$1,189 $1,166 $2,070 
Class B undistributed earnings256 250 442 
Total undistributed earnings$1,445 $1,416 $2,512 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares293 293 295 
Class B weighted average shares, and shares under if-converted method for diluted earnings per share
70 70 70 
Effect of dilutive securities:
Stock options and restricted stock2 3 4 
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions
365 366 369 
Net Income Per Share Attributable to Tyson:
Class A Basic$5.79 $5.56 $8.29 
Class B Basic$5.21 $4.99 $7.46 
Diluted
$5.64 $5.40 $8.04 
Dividends Declared Per Share:
Class A$1.725 $1.575 $1.275 
Class B$1.553 $1.418 $1.148 
v3.20.4
Derivative Financial Instruments (Tables)
 12 Months Ended
Oct. 03, 2020
Derivative [Line Items]  
Schedule Of Notional Amount Of Derivatives We had the following aggregated outstanding notional amounts related to our derivative financial instruments:
in millions, except soybean meal tons
MetricOctober 3, 2020September 28, 2019
Commodity:
CornBushels43 111 
Soybean MealTons428,300 1,078,800 
Live CattlePounds234 14 
Lean HogsPounds283 309 
Foreign CurrencyUnited States dollar$536 $148 
Interest Rate SwapsAverage monthly debt$— $400 
Derivative Instruments, Gain (Loss)
The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Statements of Income (in millions):
Consolidated Statements of Income Classification202020192018
SalesGain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts$— $(23)$18 
Cost of SalesGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Commodity contracts$(24)$(18)$(12)
Gain (Loss) on fair value hedges:
Commodity contracts (a) 135 42 12 
Gain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts(103)2 (33)
Total$8 $26 $(33)
Interest ExpenseGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Interest rate contracts$(6)$(1)$— 
Other, netGain (Loss) on derivatives not designated as hedging instruments:
Foreign exchange contracts$(5)$8 $(3)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]  
Derivative [Line Items]  
Derivative Instruments, Gain (Loss) The following table sets forth the pretax impact of cash flow hedge derivative instruments in Other Comprehensive Income (in millions):
Gain (Loss) Recognized in OCI on Derivatives202020192018
Cash Flow Hedge – Derivatives designated as hedging instruments:
Commodity contracts$(17)$(15)$(21)
Interest rate hedges— (24)1 
Total$(17)$(39)$(20)
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]  
Derivative [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] The carrying amount of fair value hedge (assets) liabilities as of fiscal 2020, 2019 and 2018 were as follows (in millions):
Consolidated Balance Sheets Classification202020192018
Inventory6 (19)4 
v3.20.4
Derivative Financial Instruments Schedule of Income Statement Items Impacted by Derivatives (Tables)
 12 Months Ended
Oct. 03, 2020
Schedule of Income Statement Items Impacted by Derivatives [Line Items]  
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 Statements of Income in which the effects of hedges are recorded (in millions):
Consolidated Statements of Income Classification202020192018
Cost of Sales$37,801 $37,383 $34,956 
Interest Expense485 462 350 
Other, net(131)(55)(56)
v3.20.4
Fair Value Measurements (Tables)
 12 Months Ended
Oct. 03, 2020
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis
The following tables set forth by level within the fair value hierarchy our financial assets and liabilities accounted for at fair value on a recurring basis according to the valuation techniques we used to determine their fair values (in millions):
October 3, 2020Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $4 $— $(2)$2 
Undesignated — 96 — (51)45 
Available for sale securities:
Current— — — — — 
Other assets:
Available for sale securities:
Non-current— 55 53 — 108 
Deferred compensation assets19 336 — — 355 
Total assets$19 $491 $53 $(53)$510 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $10 $— $(10)$— 
Undesignated — 74 — (59)15 
Total liabilities$— $84 $— $(69)$15 
September 28, 2019Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $26 $— $(3)$23 
Undesignated— 58 — (5)53 
Available for sale securities:
Current— — 1 — 1 
Other Assets:
Available for sale securities:
Non-current— 51 51 — 102 
Deferred Compensation assets7 311 — — 318 
Total assets$7 $446 $52 $(8)$497 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $17 $— $(13)$4 
Undesignated— 93 — (90)3 
Total liabilities$— $110 $— $(103)$7 
(a) Our derivative assets and liabilities are presented in our Consolidated 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 October 3, 2020, and September 28, 2019, we had $16 million and $95 million, respectively, of net cash collateral posted 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):
October 3, 2020September 28, 2019
Balance at beginning of year$52 $51 
Total realized and unrealized gains (losses):
Included in earnings— — 
Included in other comprehensive income (loss)1 1 
Purchases17 20 
Issuances— — 
Settlements(17)(20)
Balance at end of year$53 $52 
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):
October 3, 2020September 28, 2019
Amortized
Cost Basis		Fair
Value		Unrealized
Gain/(Loss)		Amortized
Cost Basis		Fair
Value		Unrealized
Gain/(Loss)
Available for Sale Securities:
Debt Securities:
United States Treasury and Agency
$55 $55 $— $51 $51 $— 
Corporate and Asset-Backed
51 53 2 51 52 1 
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):
October 3, 2020September 28, 2019
Fair
Value		Carrying
Value		Fair
Value		Carrying
Value
Total Debt$12,982 $11,339 $12,978 $11,932 
v3.20.4
Stock-Based Compensation (Tables)
 12 Months Ended
Oct. 03, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Schedule Of Summary Of Stock Options
Shares Under
Option		Weighted
Average Exercise
Price Per Share		Weighted Average Remaining Contractual Life (in Years)Aggregate
Intrinsic Value
(in millions)
Outstanding, September 28, 20195,362,672 $54.03 
Exercised(661,549)48.21 
Forfeited or expired(265,237)76.06 
Granted1,515,587 90.04 
Outstanding, October 3, 20205,951,473 $62.86 6.8$37 
Exercisable, October 3, 20203,231,765 $50.96 5.4$37 
Schedule Of Assumptions Of Fair Value Calculation Of Each Year's Grants Assumptions used in the fair value calculation are as of the grant dates and are outlined in the following table.
202020192018
Expected life (in years)4.34.35.9
Risk-free interest rate1.6 %2.8 %2.1 %
Expected volatility25.7 %25.4 %23.5 %
Expected dividend yield2.0 %2.5 %1.5 %
Schedule Of Summary Of Restricted Stock
Number of SharesWeighted
Average Grant-
Date Fair Value
Per Share		Weighted Average
Remaining
Contractual Life
(in Years)		Aggregate
Intrinsic Value
(in millions)
Nonvested, September 28, 20191,662,078 $64.55 
Granted628,844 88.96 
Dividends44,704 74.51 
Vested(556,632)60.30 
Forfeited(116,585)74.18 
Nonvested, October 3, 20201,662,409 $74.79 1.3$99 
Schedule Of Summary Of Performance-Based Shares
The following table summarizes the performance-based shares at the maximum award amounts based upon the respective performance share agreements. Actual shares that will vest depend on the level of attainment of the performance-based criteria.
Number of SharesWeighted
Average Grant-
Date Fair Value
Per Share		Weighted Average
Remaining
Contractual Life
(in Years)		Aggregate
Intrinsic Value
(in millions)
Nonvested, September 28, 20192,027,059 $51.03 
Granted726,388 67.55 
Vested(344,870)46.29 
Forfeited(445,440)52.59 
Nonvested, October 3, 20201,963,137 $57.62 1.2$116 
v3.20.4
Pensions And Other Postretirement Benefits (Tables)
 12 Months Ended
Oct. 03, 2020
Retirement Benefits, Description [Abstract]  
Schedule Of Reconciliation Of Changes In Plans' Benefit Obligations, Assets And Funded Status The following table provides a reconciliation of the changes in the plans’ benefit obligations, assets and funded status at October 3, 2020, and September 28, 2019 (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202020192020201920202019
Change in benefit obligation
Benefit obligation at beginning of year$1,478 $1,392 $239 $220 $77 $28 
Service cost— — — 1 2 2 
Interest cost14 56 8 9 1 1 
Plan amendments— — — — (6)4 
Actuarial (gain)/loss— 154 5 17 4 6 
Benefits paid(38)(77)(14)(12)(4)(4)
Business Acquisition— 2 — 4 — 13 
Plan Terminations(1,423)(49)— — — — 
Other— — — — — 27 
Benefit obligation at end of year31 1,478 238 239 74 77 
Change in plan assets
Fair value of plan assets at beginning of year1,477 1,450 — — — — 
Actual return on plan assets(14)146 — — — — 
Employer contributions7 1 12 12 4 4 
Benefits paid(38)(77)(12)(12)(4)(4)
Business Acquisition— 2 — — — — 
Plan Terminations(1,397)(45)— — — — 
Fair value of plan assets at end of year35 1,477 — — — — 
Funded status$4 $(1)$(238)$(239)$(74)$(77)
Schedule Of Amounts Recognized In The Consolidated Balance Sheets Amounts recognized in the Consolidated Balance Sheets consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202020192020201920202019
Other assets$4 $16 $— $— $— $— 
Other current liabilities— — (12)(12)(3)(3)
Other liabilities
— (17)(226)(227)(71)(74)
Total assets (liabilities)$4 $(1)$(238)$(239)$(74)$(77)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] Amounts recognized in Accumulated Other Comprehensive Income consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202020192020201920202019
Accumulated other comprehensive (income)/loss:
   Actuarial (gain) loss
$4 $(53)$45 $46 $24 $27 
   Prior service (credit) cost— — 3 4 (37)(42)
Total accumulated other comprehensive (income)/loss:$4 $(53)$48 $50 $(13)$(15)
Schedule Of Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Plans with accumulated benefit obligations in excess of plan assets are as follows (in millions):
Pension Benefits
QualifiedNon-Qualified
2020201920202019
Projected benefit obligation$— $381 $238 $239 
Accumulated benefit obligation— 381 238 239 
Fair value of plan assets— 364 — — 
Schedule Of Components Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans Recognized In The Consolidated Statements Of Income Components of net periodic benefit cost (credit) for pension and postretirement benefit plans recognized in the Consolidated Statements of Income are as follows (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202020192018202020192018202020192018
Service cost$— $— $— $— $1 $7 $2 $2 $1 
Interest cost14 56 55 8 9 8 1 1 1 
Expected return on plan assets
(17)(57)(62)— — — — — — 
Amortization of prior service cost
— — 1 1 1 1 (6)(2)(25)
Recognized actuarial loss (gain), net
— (1)— 3 2 3 4 5 (5)
Recognized settlement loss (gain) (112)19 — — — — — — — 
Net periodic benefit cost (credit)$(115)$17 $(6)$12 $13 $19 $1 $6 $(28)
Schedule Of Weighted Average Assumptions Weighted average assumptions are as follows:
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202020192018202020192018202020192018
Discount rate to determine net periodic benefit cost
3.23 %4.26 %3.85 %3.19 %4.31 %3.88 %2.68 %3.99 %3.39 %
Discount rate to determine benefit obligations
1.70 %3.23 %4.26 %2.63 %3.16 %4.31 %1.95 %2.68 %4.11 %
Rate of compensation increase
n/an/an/an/an/a2.53 %n/an/an/a
Expected return on plan assets
3.50 %3.50 %4.20 %n/an/an/an/an/an/a
Schedule Of Estimated Future Benefit Payments Expected To Be Paid
The following benefit payments are expected to be paid (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
2021$— $12 $4 
2022— 12 3 
2023— 13 3 
20242 13 3 
20251 13 3 
2026-20303 63 10 
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2021.
Schedule of Multiemployer Plans
In addition to regular contributions, we could be obligated to pay additional contributions (known as complete or partial withdrawal liabilities) if it has unfunded vested benefits.
PPA Zone StatusFIP/RP StatusContributions
(in millions)		Surcharge Imposed
Pension Fund Plan NameEIN/Pension Plan Number20202019Implemented2020201920182020
Expiration Date of Collective Bargaining Agreement(a)
Bakery and Confectionery Union and Industry International Pension Fund52-6118572/001RedRedNov 2012$1$1$210%2015-10-10
Pension Fund of Local 22761-6054018/001GreenGreenn/a$—$0.2n/aNone2023-11-08
Retail, Wholesale and Department Store International Union and Industry Pension Fund63-0708442/001RedRedNov 2015$—$0.5n/a9%2021-11-07
(a)    Renewal negotiations for the Bakery and Confectionery Union and Industry International Pension Fund are in progress.
v3.20.4
Segment Reporting (Tables)
 12 Months Ended
Oct. 03, 2020
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information, By Segment Information on segments and a reconciliation to income from continuing operations before income taxes are as follows (in millions):
BeefPorkChickenPrepared
Foods		International/OtherIntersegment
Sales		Consolidated
Fiscal 2020
Sales$15,742 $5,128 $13,234 $8,532 $1,856 $(1,307)$43,185 
Operating Income (Loss)1,580 565 122 743 (2)3,008 
Total Other (Income) Expense
344 
Income before Income Taxes2,664 
Depreciation and amortization106 56 553 398 65 1,178 
Total Assets3,223 1,516 11,028 14,883 3,806 34,456 
Additions to property, plant and equipment
219 117 577 211 75 1,199 
Fiscal 2019
Sales$15,828 $4,932 $13,300 $8,418 $1,289 $(1,362)$42,405 
Operating Income (Loss)1,050 263 621 843 (7)2,770 
Total Other (Income) Expense
396 
Income before Income Taxes2,374 
Depreciation and amortization97 47 513 397 32 1,086 
Total Assets2,958 1,372 10,807 15,138 2,643 32,918 
Additions to property, plant and equipment
133 128 637 246 115 1,259 
Fiscal 2018
Sales$15,473 $4,879 $12,044 $8,668 $305 $(1,317)$40,052 
Operating Income (Loss)950 361 866 845 (53)2,969 
Total Other (Income) Expense
287 
Income before Income Taxes2,682 
Depreciation and amortization103 42 368 410 10 933 
Total Assets2,939 1,265 8,794 15,063 926 28,987 
Additions to property, plant and equipment
107 150 570 228 145 1,200 
Disaggregation of Revenue [Table Text Block]
The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Twelve months ended October 3, 2020
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
IntersegmentTotal
Beef$8,155 $3,669 $2,183 $1,345 $390 $15,742 
Pork1,590 403 1,026 1,244 865 5,128 
Chicken5,935 4,892 642 1,713 52 13,234 
Prepared Foods5,137 3,090 126 179 — 8,532 
International/Other— — 1,856 — — 1,856 
Intersegment— — — — (1,307)(1,307)
Total$20,817 $12,054 $5,833 $4,481 $— $43,185 
Twelve months ended September 28, 2019
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
IntersegmentTotal
Beef$7,420 $4,151 $2,426 $1,420 $411 $15,828 
Pork1,415 400 890 1,334 893 4,932 
Chicken5,637 5,138 690 1,777 58 13,300 
Prepared Foods4,793 3,270 104 251 — 8,418 
International/Other— — 1,289 — — 1,289 
Intersegment— — — — (1,362)(1,362)
Total$19,265 $12,959 $5,399 $4,782 $— $42,405 
(a) Includes sales to consumer products and food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.
(b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(c) Includes sales to international markets related to internationally produced products or export sales of domestically produced products.
(d) Includes 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.
v3.20.4
Commitments And Contingencies (Tables)
 12 Months Ended
Oct. 03, 2020
Unrecorded Unconditional Purchase Obligation [Line Items]  
Unrecorded Unconditional Purchase Obligations Disclosure [Table Text Block]
Additionally, we enter into other purchase commitments for various items such as grains, livestock contracts and variable livestock grower commitments that are estimable, which at October 3, 2020 were (in millions):
Purchase Obligations
2021$2,371 
2022414 
2023253 
2024111 
202579 
2026 and beyond152 
Total$3,380 
v3.20.4
Quarterly Financial Data (Unaudited) (Tables)
 3 Months Ended
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Quarterly Financial Data [Abstract]        
Schedule Of Quarterly Financial Information
Fourth Quarterin millions, except per share data
Quarter ended October 3, 2020Quarter ended September 29, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Statements of Income:
Sales$11,460 $— $11,460 $10,884 $— $10,884 
Gross profit1,610 — 1,610 1,139 — 1,139 
Selling, General and Administrative598 50 648 535 (4)531 
Operating income1,012 (50)962 604 4 608 
Income before Income Taxes887 (50)837 466 4 470 
Income Tax Expense (Benefit)192 (12)180 94 1 95 
Net income695 (38)657 372 3 375 
Net income attributable to Tyson692 (38)654 369 3 372 
Net income per share attributable to Tyson:
Class A Basic$1.95 $(0.12)$1.83 $1.03 $0.01 $1.04 
Class B Basic$1.76 $(0.10)$1.66 $0.93 $— $0.93 
Diluted$1.90 $(0.11)$1.79 $1.01 $— $1.01 
Consolidated Statements of Comprehensive Income:
Net income$695 $(38)$657 $372 $3 $375 
Comprehensive Income733 (38)695 261 3 264 
Comprehensive Income Attributable to Tyson730 (38)692 258 3 261 
As of October 3, 2020As of September 29, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Balance Sheets:
Inventories$4,144 $(285)$3,859 $4,108 $(179)$3,929 
Total Current Assets7,883 (285)7,598 7,169 (179)6,990 
Total Assets34,741 (285)34,456 33,097 (179)32,918 
Deferred Income Taxes2,391 (74)2,317 2,356 (47)2,309 
Retained Earnings15,311 (211)15,100 13,787 (132)13,655 
Total Tyson Shareholders' Equity15,465 (211)15,254 14,082 (132)13,950 
Total Shareholders' Equity15,597 (211)15,386 14,226 (132)14,094 
Total Liabilities and Shareholders' Equity34,741 (285)34,456 33,097 (179)32,918 
Third Quarterin millions, except per share data
Quarter ended June 27, 2020Quarter Ended June 29, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Statements of Income:
Sales$10,022 $— $10,022 $10,885 $— $10,885 
Gross profit1,313 — 1,313 1,336 — 1,336 
Selling, General and Administrative538 2 540 555 (10)545 
Operating income775 (2)773 781 10 791 
Income before Income Taxes667 (2)665 724 10 734 
Income Tax Expense (Benefit)140 (1)139 43 2 45 
Net income527 (1)526 681 8 689 
Net income attributable to Tyson527 (1)526 676 8 684 
Net income per share attributable to Tyson:
Class A Basic$1.48 $— $1.48 $1.90 $0.02 $1.92 
Class B Basic$1.33 $— $1.33 $1.71 $0.02 $1.73 
Diluted$1.44 $— $1.44 $1.84 $0.03 $1.87 
Consolidated Statements of Comprehensive Income:
Net income$527 $(1)$526 $681 $8 $689 
Comprehensive Income540 (1)539 671 8 679 
Comprehensive Income Attributable to Tyson540 (1)539 666 8 674 
As of June 27, 2020As of June 29, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Balance Sheets:
Inventories$3,915 $(235)$3,680 $4,149 $(183)$3,966 
Total Current Assets7,699 (235)7,464 7,433 (183)7,250 
Total Assets34,558 (235)34,323 33,665 (183)33,482 
Deferred Income Taxes2,370 (62)2,308 2,338 (48)2,290 
Retained Earnings14,769 (173)14,596 13,553 (135)13,418 
Total Tyson Shareholders' Equity14,858 (173)14,685 13,928 (135)13,793 
Total Shareholders' Equity15,004 (173)14,831 14,141 (135)14,006 
Total Liabilities and Shareholders' Equity34,558 (235)34,323 33,665 (183)33,482 
Second Quarterin millions, except per share data
Quarter ended March 28, 2020Quarter ended March 30, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Statements of Income:
Sales$10,888 $— $10,888 $10,443 $— $10,443 
Gross profit1,021 — 1,021 1,192 — 1,192 
Selling, General and Administrative520 (14)506 557 43 600 
Operating income501 14 515 635 (43)592 
Income before Income Taxes491 14 505 528 (43)485 
Income Tax Expense (Benefit)124 2 126 98 (11)87 
Net income367 12 379 430 (32)398 
Net income attributable to Tyson364 12 376 426 (32)394 
Net income per share attributable to Tyson:
Class A Basic$1.03 $0.03 $1.06 $1.20 $(0.09)$1.11 
Class B Basic$0.92 $0.03 $0.95 $1.07 $(0.08)$0.99 
Diluted$1.00 $0.03 $1.03 $1.17 $(0.09)$1.08 
Consolidated Statements of Comprehensive Income:
Net income$367 $12 $379 $430 $(32)$398 
Comprehensive Income216 12 228 452 (32)420 
Comprehensive Income Attributable to Tyson213 12 225 448 (32)416 
As of March 28, 2020As of March 30, 2019
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Balance Sheets:
Inventories$4,025 $(233)$3,792 $3,899 $(193)$3,706 
Total Current Assets7,099 (233)6,866 6,376 (193)6,183 
Total Assets33,890 (233)33,657 32,498 (193)32,305 
Deferred Income Taxes2,384 (61)2,323 2,278 (50)2,228 
Retained Earnings14,392 (172)14,220 13,012 (143)12,869 
Total Tyson Shareholders' Equity14,449 (172)14,277 13,423 (143)13,280 
Total Shareholders' Equity14,594 (172)14,422 13,558 (143)13,415 
Total Liabilities and Shareholders' Equity33,890 (233)33,657 32,498 (193)32,305 
First Quarterin millions, except per share data
Quarter ended December 28, 2019Quarter ended December 29, 2018
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Statements of Income:
Sales$10,815 $— $10,815 $10,193 $— $10,193 
Gross profit1,440 — 1,440 1,355 — 1,355 
Selling, General and Administrative614 68 682 548 28 576 
Operating income826 (68)758 807 (28)779 
Income before Income Taxes725 (68)657 713 (28)685 
Income Tax Expense (Benefit)164 (16)148 161 (7)154 
Net income561 (52)509 552 (21)531 
Net income attributable to Tyson557 (52)505 551 (21)530 
Net income per share attributable to Tyson:
Class A Basic$1.56 $(0.14)$1.42 $1.54 $(0.05)$1.49 
Class B Basic$1.40 $(0.13)$1.27 $1.39 $(0.05)$1.34 
Diluted$1.52 $(0.14)$1.38 $1.50 $(0.06)$1.44 
Consolidated Statements of Comprehensive Income:
Net income$561 $(52)$509 $552 $(21)$531 
Comprehensive Income599 (52)547 549 (21)528 
Comprehensive Income Attributable to Tyson595 (52)543 548 (21)527 
As of December 28, 2019As of December 29, 2018
As originally reportedAdjustmentsAs revisedAs originally reportedAdjustmentsAs revised
Consolidated Balance Sheets:
Inventories$4,304 $(247)$4,057 $3,777 $(150)$3,627 
Total Current Assets7,193 (247)6,946 6,301 (150)6,151 
Total Assets33,811 (247)33,564 32,335 (150)32,185 
Deferred Income Taxes2,369 (63)2,306 2,330 (39)2,291 
Retained Earnings14,178 (184)13,994 12,719 (111)12,608 
Total Tyson Shareholders' Equity14,419 (184)14,235 13,127 (111)13,016 
Total Shareholders' Equity14,566 (184)14,382 13,259 (111)13,148 
Total Liabilities and Shareholders' Equity33,811 (247)33,564 32,335 (150)32,185 
v3.20.4
Business And Summary Of Significant Accounting Policies (Schedule Of Inventories Of Processed Products, Livestock, And Supplies Valued At Lower Of Cost Or Market) (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Inventory Disclosure [Abstract]                
Processed products $ 2,223       $ 2,362      
Livestock 977       971      
Supplies and other 659       596      
Total inventory $ 3,859 $ 3,680 $ 3,792 $ 4,057 $ 3,929 $ 3,966 $ 3,706 $ 3,627
v3.20.4
Business and Summary of Significant Accounting Policies Business and Summary of Significant Accounting Policies (Other Current Liabilities) (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Other Liabilities, Current [Abstract]    
Accrued salaries, wages and benefits $ 823 $ 620
Other 987 865
Total other current liabilities $ 1,810 $ 1,485
v3.20.4
Business And Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Accounting Policies [Line Items]      
Checks outstanding in excess of related book cash $ 200,000,000    
Allowance for uncollectible accounts $ 26,000,000 $ 21,000,000  
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount 20.00%    
Maximum Length Of Time Hedged Anticipated Transactions 18 months    
Research and development costs $ 98,000,000 97,000,000 $ 114,000,000
Goodwill $ 11,516,000,000 11,461,000,000 10,356,000,000
Indefinite-lived intangibles, Percentage of Fair Value in Excess of Carrying Amount 20.00%    
Selling, General and Administrative Expenses [Member]      
Accounting Policies [Line Items]      
Advertising Expense $ 283,000,000 $ 276,000,000 $ 243,000,000
Minimum [Member] | Customer Relationships [Member]      
Accounting Policies [Line Items]      
Finite-Lived Intangible Asset, Useful Life 7 years    
Maximum [Member] | Brands & Trademarks      
Accounting Policies [Line Items]      
Finite-Lived Intangible Asset, Useful Life 20 years    
Maximum [Member] | Customer Relationships [Member]      
Accounting Policies [Line Items]      
Finite-Lived Intangible Asset, Useful Life 30 years    
Buildings And Leasehold Improvements [Member] | Minimum [Member]      
Accounting Policies [Line Items]      
Property, plant, and equipment estimated lives 10 years    
Buildings And Leasehold Improvements [Member] | Maximum [Member]      
Accounting Policies [Line Items]      
Property, plant, and equipment estimated lives 33 years    
Machinery And Equipment [Member] | Minimum [Member]      
Accounting Policies [Line Items]      
Property, plant, and equipment estimated lives 3 years    
Machinery And Equipment [Member] | Maximum [Member]      
Accounting Policies [Line Items]      
Property, plant, and equipment estimated lives 12 years    
Land Improvements [Member] | Minimum [Member]      
Accounting Policies [Line Items]      
Property, plant, and equipment estimated lives 3 years    
Land Improvements [Member] | Maximum [Member]      
Accounting Policies [Line Items]      
Property, plant, and equipment estimated lives 20 years    
Domestic Chicken [Member]      
Accounting Policies [Line Items]      
Goodwill $ 3,266    
v3.20.4
Business and Summary of Significant Accounting Policies Revision (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Sep. 30, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Inventory, Net $ 3,859 $ 3,680 $ 3,792 $ 4,057 $ 3,929 $ 3,966 $ 3,706 $ 3,627 $ 3,859 $ 3,929    
Assets, Current 7,598 7,464 6,866 6,946 6,990 7,250 6,183 6,151 7,598 6,990    
Total Assets 34,456 34,323 33,657 33,564 32,918 33,482 32,305 32,185 34,456 32,918 $ 28,987  
Deferred Income Tax Liabilities, Net 2,317 2,308 2,323 2,306 2,309 2,290 2,228 2,291 2,317 2,309    
Retained earnings 15,100 14,596 14,220 13,994 13,655 13,418 12,869 12,608 15,100 13,655 12,239  
Total Tyson Shareholders’ Equity 15,254 14,685 14,277 14,235 13,950 13,793 13,280 13,016 15,254 13,950    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 15,386 14,831 14,422 14,382 14,094 14,006 13,415 13,148 15,386 14,094 12,721  
Liabilities and Equity 34,456 34,323 33,657 33,564 32,918 33,482 32,305 32,185 34,456 32,918    
Selling, General and Administrative Expense 648 540 506 682 531 545 600 576 2,376 2,252 2,127  
Operating Income (Loss) 962 773 515 758 608 791 592 779 3,008 2,770 2,969  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 837 665 505 657 470 734 485 685 2,664 2,374 2,682  
Income Tax Expense (Benefit) 180 139 126 148 95 45 87 154 593 381 (291)  
Net Income 657 526 379 509 375 689 398 531 2,071 1,993 2,973  
Net Income Attributable to Tyson $ 654 $ 526 $ 376 $ 505 $ 372 $ 684 $ 394 $ 530 $ 2,061 $ 1,980 $ 2,970  
Diluted (USD per share) $ 1.79 $ 1.44 $ 1.03 $ 1.38 $ 1.01 $ 1.87 $ 1.08 $ 1.44 $ 5.64 $ 5.40 $ 8.04  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 695 $ 539 $ 228 $ 547 $ 264 $ 679 $ 420 $ 528 $ 2,009 $ 1,891 $ 2,929  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 692 $ 539 $ 225 $ 543 261 $ 674 $ 416 $ 527 1,999 1,878 2,926  
Deferred income taxes                 18 77 (874)  
(Increase) decrease in inventories                 86 (157) (144)  
Class A [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Total Tyson Shareholders’ Equity $ 38       $ 38       $ 38 $ 38 $ 38 $ 38
Basic (USD per share) $ 1.83 $ 1.48 $ 1.06 $ 1.42 $ 1.04 $ 1.92 $ 1.11 $ 1.49 $ 5.79 $ 5.56 $ 8.29  
Class B [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Total Tyson Shareholders’ Equity $ 7       $ 7       $ 7 $ 7 $ 7 $ 7
Basic (USD per share) $ 1.66 $ 1.33 $ 0.95 $ 1.27 $ 0.93 $ 1.73 $ 0.99 $ 1.34 $ 5.21 $ 4.99 $ 7.46  
Previously Reported                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Inventory, Net $ 4,144 $ 3,915 $ 4,025 $ 4,304 $ 4,108 $ 4,149 $ 3,899 $ 3,777 $ 4,144 $ 4,108    
Assets, Current 7,883 7,699 7,099 7,193 7,169 7,433 6,376 6,301 7,883 7,169    
Total Assets 34,741 34,558 33,890 33,811 33,097 33,665 32,498 32,335 34,741 33,097    
Deferred Income Tax Liabilities, Net 2,391 2,370 2,384 2,369 2,356 2,338 2,278 2,330 2,391 2,356    
Retained earnings 15,311 14,769 14,392 14,178 13,787 13,553 13,012 12,719 15,311 13,787 $ 12,329  
Total Tyson Shareholders’ Equity 15,465 14,858 14,449 14,419 14,082 13,928 13,423 13,127 15,465 14,082    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 15,597 15,004 14,594 14,566 14,226 14,141 13,558 13,259 15,597 14,226    
Liabilities and Equity 34,741 34,558 33,890 33,811 33,097 33,665 32,498 32,335 34,741 33,097    
Selling, General and Administrative Expense 598 538 520 614 535 555 557 548 2,270 2,195 2,064  
Operating Income (Loss) 1,012 775 501 826 604 781 635 807 3,114 2,827 3,032  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 887 667 491 725 466 724 528 713 2,770 2,431 2,745  
Income Tax Expense (Benefit) 192 140 124 164 94 43 98 161 620 396 (282)  
Net Income 695 527 367 561 372 681 430 552 2,150 2,035 3,027  
Net Income Attributable to Tyson $ 692 $ 527 $ 364 $ 557 $ 369 $ 676 $ 426 $ 551 $ 2,140 $ 2,022 $ 3,024  
Diluted (USD per share) $ 1.90 $ 1.44 $ 1.00 $ 1.52 $ 1.01 $ 1.84 $ 1.17 $ 1.50 $ 5.86 $ 5.52 $ 8.19  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 733 $ 540 $ 216 $ 599 $ 261 $ 671 $ 452 $ 549 $ 2,088 $ 1,933 $ 2,983  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 730 $ 540 $ 213 $ 595 $ 258 $ 666 $ 448 $ 548 2,078 1,920 2,980  
Deferred income taxes                 45 92 (865)  
(Increase) decrease in inventories                 $ (20) $ (214) $ (207)  
Previously Reported | Class A [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Basic (USD per share) $ 1.95 $ 1.48 $ 1.03 $ 1.56 $ 1.03 $ 1.90 $ 1.20 $ 1.54 $ 6.02 $ 5.67 $ 8.44  
Previously Reported | Class B [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Basic (USD per share) $ 1.76 $ 1.33 $ 0.92 $ 1.40 $ 0.93 $ 1.71 $ 1.07 $ 1.39 $ 5.41 $ 5.10 $ 7.59  
Revision of Prior Period, Adjustment [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Inventory, Net $ (285) $ (235) $ (233) $ (247) $ (179) $ (183) $ (193) $ (150) $ (285) $ (179)    
Assets, Current (285) (235) (233) (247) (179) (183) (193) (150) (285) (179)    
Total Assets (285) (235) (233) (247) (179) (183) (193) (150) (285) (179)    
Deferred Income Tax Liabilities, Net (74) (62) (61) (63) (47) (48) (50) (39) (74) (47)    
Retained earnings (211) (173) (172) (184) (132) (135) (143) (111) (211) (132)    
Total Tyson Shareholders’ Equity (211) (173) (172) (184) (132) (135) (143) (111) (211) (132)    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (211) (173) (172) (184) (132) (135) (143) (111) (211) (132)    
Liabilities and Equity (285) (235) (233) (247) (179) (183) (193) (150) (285) (179)    
Selling, General and Administrative Expense 50 2 (14) 68 (4) (10) 43 28 106 57 $ 63  
Operating Income (Loss) (50) (2) 14 (68) 4 10 (43) (28) (106) (57) (63)  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (50) (2) 14 (68) 4 10 (43) (28) (106) (57) (63)  
Income Tax Expense (Benefit) (12) (1) 2 (16) 1 2 (11) (7) (27) (15) (9)  
Net Income (38) (1) 12 (52) 3 8 (32) (21) (79) (42) (54)  
Net Income Attributable to Tyson $ (38) $ (1) $ 12 $ (52) $ 3 $ 8 $ (32) $ (21) $ (79) $ (42) $ (54)  
Diluted (USD per share) $ (0.11) $ 0 $ 0.03 $ (0.14) $ 0 $ 0.03 $ (0.09) $ (0.06) $ (0.22) $ (0.12) $ (0.15)  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ (38) $ (1) $ 12 $ (52) $ 3 $ 8 $ (32) $ (21) $ (79) $ (42) $ (54)  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ (38) $ (1) $ 12 $ (52) $ 3 $ 8 $ (32) $ (21) (79) (42) (54)  
Deferred income taxes                 (27) (15) (9)  
(Increase) decrease in inventories                 $ 106 $ 57 $ 63  
Revision of Prior Period, Adjustment [Member] | Class A [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Basic (USD per share) $ (0.12) $ 0 $ 0.03 $ (0.14) $ 0.01 $ 0.02 $ (0.09) $ (0.05) $ (0.23) $ (0.11) $ (0.15)  
Revision of Prior Period, Adjustment [Member] | Class B [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Basic (USD per share) $ (0.10) $ 0 $ 0.03 $ (0.13) $ 0 $ 0.02 $ (0.08) $ (0.05) $ (0.20) $ (0.11) $ (0.13)  
v3.20.4
Changes In Accounting Principles Changes in Accounting Principles (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 29, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]    
Operating Lease, Right-of-Use Asset $ 532 $ 549
Operating Lease, Liability $ 529  
Other Liabilities [Member]    
New Accounting Pronouncements or Change in Accounting Principle [Line Items]    
Operating Lease, Liability   $ 546
v3.20.4
Acquisitions and Dispositions Preliminary Fair Value of Assets Acquired and Liabilities Assumes at Acquisition Date (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Business Acquisition [Line Items]      
Goodwill, Purchase Accounting Adjustments $ (46) $ (66)  
Goodwill $ 10,899 $ 10,844 $ 9,739
v3.20.4
Acquisitions (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Feb. 07, 2020
Jan. 15, 2020
Jun. 03, 2019
Nov. 30, 2018
Aug. 20, 2018
Jun. 04, 2018
Nov. 10, 2017
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Business Acquisition [Line Items]                      
Goodwill                 $ 10,899 $ 10,844 $ 9,739
Goodwill, Purchase Accounting Adjustments                 (46) (66)  
Payments to Acquire Equity Method Investments                 183 0 0
Prepared Foods [Member]                      
Business Acquisition [Line Items]                      
Goodwill                 6,134 6,134 6,142
Goodwill, Purchase Accounting Adjustments                 0 0  
Chicken [Member]                      
Business Acquisition [Line Items]                      
Goodwill                 3,274 3,274 2,498
Goodwill, Purchase Accounting Adjustments                 0 (66)  
Other [Member]                      
Business Acquisition [Line Items]                      
Goodwill                 392 337 $ 0
Goodwill, Purchase Accounting Adjustments                 (46) 0  
American Protein [Member]                      
Business Acquisition [Line Items]                      
Consideration Transferred         $ 864            
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred                   (2)  
Net Working Capital         56            
Property, Plant and Equipment         152            
Intangible Assets         361            
Goodwill         308            
Goodwill, Purchase Accounting Adjustments                   (66)  
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Net Working Capital                   (15)  
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles                   50  
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment                   $ 3  
Other Liabilities         13            
Goodwill, Expected Tax Deductible Amount         242            
American Protein [Member] | Supply Network [Member]                      
Business Acquisition [Line Items]                      
Finite-lived Intangible Assets Acquired         $ 310            
Finite-Lived Intangible Asset, Useful Life         14 years            
American Protein [Member] | Customer Relationships [Member]                      
Business Acquisition [Line Items]                      
Finite-lived Intangible Assets Acquired         $ 51            
Finite-Lived Intangible Asset, Useful Life         12 years            
Keystone Foods [Member]                      
Business Acquisition [Line Items]                      
Consideration Transferred       $ 2,300              
Property, Plant and Equipment       676              
Intangible Assets       659              
Goodwill       1,120              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities       177              
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value       (122)              
Cash and cash equivalents       186              
Accounts receivable       106              
Inventories       257              
Other current assets       34              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets       28              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt       (73)              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable       (208)              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other       (99)              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt       (113)              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other       (8)              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest       2,266              
Keystone Foods [Member] | Fair Value Adjustment to Inventory [Member]                      
Business Acquisition [Line Items]                      
Business Acquisition, Fair Value Inventory Adjustment               $ 11      
Keystone Foods [Member] | Chicken [Member]                      
Business Acquisition [Line Items]                      
Goodwill       779              
Keystone Foods [Member] | Other [Member]                      
Business Acquisition [Line Items]                      
Goodwill       $ 341              
Keystone Foods [Member] | Customer Relationships [Member]                      
Business Acquisition [Line Items]                      
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life       25 years              
BRF S.A. Thailand and Europe [Member]                      
Business Acquisition [Line Items]                      
Consideration Transferred     $ 326                
Net Working Capital     262                
Property, Plant and Equipment     89                
Intangible Assets     23                
Goodwill     47                
Goodwill, Purchase Accounting Adjustments                 46    
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Net Working Capital                 45    
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment                 4    
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Income Taxes                 $ 3    
Other Liabilities     24                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities     8                
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value     (7)                
Cash and cash equivalents     $ 56                
BRF S.A. Thailand and Europe [Member] | Customer Relationships [Member]                      
Business Acquisition [Line Items]                      
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     7 years                
Tecumseh Poultry [Member]                      
Business Acquisition [Line Items]                      
Consideration Transferred           $ 382          
Net Working Capital           13          
Property, Plant and Equipment           49          
Intangible Assets           227          
Goodwill           94          
Cash and cash equivalents           1          
Goodwill, Expected Tax Deductible Amount           94          
Tecumseh Poultry [Member] | Brands & Trademarks                      
Business Acquisition [Line Items]                      
Finite-lived Intangible Assets Acquired           $ 193          
Finite-Lived Intangible Asset, Useful Life           20 years          
Original Philly [Member]                      
Business Acquisition [Line Items]                      
Consideration Transferred             $ 226        
Net Working Capital             21        
Property, Plant and Equipment             13        
Intangible Assets             90        
Goodwill             111        
Cash and cash equivalents             10        
Goodwill, Expected Tax Deductible Amount             111        
Original Philly [Member] | Prepared Foods [Member]                      
Business Acquisition [Line Items]                      
Goodwill             82        
Original Philly [Member] | Chicken [Member]                      
Business Acquisition [Line Items]                      
Goodwill             $ 29        
Vertically Integrated Brazilian Poultry Producer [Member]                      
Business Acquisition [Line Items]                      
Equity Method Investment, Ownership Percentage   40.00%                  
Payments to Acquire Equity Method Investments   $ 122                  
Fats & Oils Market Joint Venture [Member]                      
Business Acquisition [Line Items]                      
Equity Method Investment, Ownership Percentage 50.00%                    
Payments to Acquire Equity Method Investments $ 61                    
v3.20.4
Dispositions (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Sep. 28, 2019
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Aug. 31, 2019
Sep. 02, 2018
Jul. 30, 2018
Dec. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Gain on disposition of business   $ 0 $ 17 $ 42        
Asset Impairment Charges   $ 48 94 175        
Prepared Foods business [Member] | Prepared Foods [Member] | Cost of Sales [Member]                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Asset Impairment Charges     $ 41          
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | Non-Protein Business [Member] | Prepared Foods [Member] | Cost of Sales [Member]                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Asset Impairment Charges       101        
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | Kettle Business [Member] | Prepared Foods [Member]                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Disposal Group, Including Discontinued Operation, Consideration               $ 125
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | Kettle Business [Member] | Prepared Foods [Member] | Cost of Sales [Member]                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Gain on disposition of business       22        
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | Sara Lee® Frozen Bakery and Van’s® businesses [Member] | Prepared Foods [Member]                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Disposal Group, Including Discontinued Operation, Consideration             $ 623  
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | Sara Lee® Frozen Bakery and Van’s® businesses [Member] | Prepared Foods [Member] | Cost of Sales [Member]                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Gain on disposition of business       11        
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | TNT Crust [Member] | Prepared Foods [Member]                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Disposal Group, Including Discontinued Operation, Consideration           $ 57    
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | TNT Crust [Member] | Prepared Foods [Member] | Cost of Sales [Member]                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Gain on disposition of business       $ 9        
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | Keystone Further Processing Facility [Member]                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Asset Impairment Charges $ 41              
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Keystone Further Processing Facility [Member] | Chicken [Member]                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Disposal Group, Including Discontinued Operation, Consideration         $ 170      
v3.20.4
Property, Plant And Equipment (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 15,581 $ 14,650
Less accumulated depreciation 7,985 7,368
Net property, plant and equipment 7,596 7,282
Amount required to complete construction of buildings and equipment under construction 1,102  
Land [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 196 198
Buildings And Leasehold Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 4,961 4,747
Machinery And Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 9,013 8,607
Land Improvements And Other [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 420 385
Buildings And Equipment Under Construction [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 991 $ 713
v3.20.4
Goodwill And Intangible Assets (Goodwill Activity) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Goodwill [Roll Forward]      
Goodwill, beginning of period $ 11,461 $ 10,356  
Accumulated impairment losses (617) (617) $ (617)
Goodwill, net 10,899 10,844 9,739
Acquisition   1,121  
Goodwill, Written off Related to Sale of Business Unit   (77)  
Goodwill, Foreign Currency Translation Gain (Loss) 9 (5)  
Measurement period adjustments 46 66  
Goodwill, end of period 11,516 11,461  
Beef [Member]      
Goodwill [Roll Forward]      
Goodwill, beginning of period 1,236 1,236  
Accumulated impairment losses (560) (560) (560)
Goodwill, net 676 676 676
Acquisition   0  
Goodwill, Written off Related to Sale of Business Unit   0  
Goodwill, Foreign Currency Translation Gain (Loss) 0 0  
Measurement period adjustments 0 0  
Goodwill, end of period 1,236 1,236  
Pork [Member]      
Goodwill [Roll Forward]      
Goodwill, beginning of period 423 423  
Accumulated impairment losses 0 0 0
Goodwill, net 423 423 423
Acquisition   0  
Goodwill, Written off Related to Sale of Business Unit   0  
Goodwill, Foreign Currency Translation Gain (Loss) 0 0  
Measurement period adjustments 0 0  
Goodwill, end of period 423 423  
Chicken [Member]      
Goodwill [Roll Forward]      
Goodwill, beginning of period 3,274 2,498  
Accumulated impairment losses 0 0 0
Goodwill, net 3,274 3,274 2,498
Acquisition   779  
Goodwill, Written off Related to Sale of Business Unit   (70)  
Goodwill, Foreign Currency Translation Gain (Loss) 0 1  
Measurement period adjustments 0 66  
Goodwill, end of period 3,274 3,274  
Prepared Foods [Member]      
Goodwill [Roll Forward]      
Goodwill, beginning of period 6,134 6,142  
Accumulated impairment losses 0 0 0
Goodwill, net 6,134 6,134 6,142
Acquisition   0  
Goodwill, Written off Related to Sale of Business Unit   (7)  
Goodwill, Foreign Currency Translation Gain (Loss) 0 (1)  
Measurement period adjustments 0 0  
Goodwill, end of period 6,134 6,134  
Other [Member]      
Goodwill [Roll Forward]      
Goodwill, beginning of period 394 57  
Accumulated impairment losses (57) (57) (57)
Goodwill, net 392 337 0
Acquisition   342  
Goodwill, Written off Related to Sale of Business Unit   0  
Goodwill, Foreign Currency Translation Gain (Loss) 9 (5)  
Measurement period adjustments 46 0  
Goodwill, end of period 449 394  
Unallocated Goodwill [Member]      
Goodwill [Roll Forward]      
Goodwill, beginning of period 0 0  
Accumulated impairment losses 0 0 0
Goodwill, net 0 0 $ 0
Acquisition   0  
Goodwill, Written off Related to Sale of Business Unit   0  
Goodwill, Foreign Currency Translation Gain (Loss) 0 0  
Measurement period adjustments 0 0  
Goodwill, end of period $ 0 $ 0  
v3.20.4
Goodwill And Intangible Assets (Other Intangible Assets By Type) (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Finite-Lived Intangible Assets [Line Items]    
Total gross amortizable intangible assets $ 3,701 $ 3,686
Less accumulated amortization 1,005 727
Total net amortizable intangible assets 2,696 2,959
Brands and trademarks not subject to amortization 4,078 4,078
Total intangible assets 6,774 7,037
Brands and Trademarks [Member]    
Finite-Lived Intangible Assets [Line Items]    
Total gross amortizable intangible assets 951 945
Customer Relationships [Member]    
Finite-Lived Intangible Assets [Line Items]    
Total gross amortizable intangible assets 2,388 2,389
Supply Arrangement [Member]    
Finite-Lived Intangible Assets [Line Items]    
Total gross amortizable intangible assets 310 310
Patents, Intellectual Property and Other [Member]    
Finite-Lived Intangible Assets [Line Items]    
Total gross amortizable intangible assets 44 34
Land Use Rights [Member]    
Finite-Lived Intangible Assets [Line Items]    
Total gross amortizable intangible assets $ 8 $ 8
v3.20.4
Goodwill And Intangible Assets (Narrative) (Details) - USD ($)
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Goodwill [Line Items]      
Goodwill $ 11,516,000,000 $ 11,461,000,000 $ 10,356,000,000
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount 20.00%    
Amortization expense on intangible assets $ 278,000,000 $ 267,000,000 $ 210,000,000
Estimated amortization expense on intangible assets, 2019 261,000,000    
Estimated amortization expense on intangible assets, 2020 247,000,000    
Estimated amortization expense on intangible assets, 2021 228,000,000    
Estimated amortization expense on intangible assets, 2022 223,000,000    
Estimated amortization expense on intangible assets, 2023 214,000,000    
Domestic Chicken [Member]      
Goodwill [Line Items]      
Goodwill $ 3,266    
v3.20.4
Leases (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Sep. 29, 2019
Leases [Abstract]        
Operating Leases, Rent Expense   $ 220 $ 200  
Operating Lease, Payments $ 211      
Operating Lease, Cost 199      
Operating Lease, Right-of-Use Asset 532     $ 549
Operating Lease, Liability, Current 161      
Operating Lease, Liability, Noncurrent 368      
Variable Lease, Cost 451      
Short-term Lease, Cost 38      
Lease, Cost 688      
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 167      
Operating Lease, Weighted Average Remaining Lease Term 5 years      
Operating Lease, Weighted Average Discount Rate, Percent 3.00%      
Lessee, Operating Lease, Liability, to be Paid, Year One $ 173      
Lessee, Operating Lease, Liability, to be Paid, Year Two 129      
Lessee, Operating Lease, Liability, to be Paid, Year Three 88      
Lessee, Operating Lease, Liability, to be Paid, Year Four 64      
Lessee, Operating Lease, Liability, to be Paid, Year Five 45      
Lessee, Operating Lease, Liability, to be Paid, after Year Five 63      
Operating Lease, Liability 562      
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 33      
Operating Lease, Liability $ 529      
Operating Leases, Future Minimum Payments Due, Next Twelve Months   159    
Operating Leases, Future Minimum Payments, Due in Two Years   113    
Operating Leases, Future Minimum Payments, Due in Three Years   74    
Operating Leases, Future Minimum Payments, Due in Four Years   49    
Operating Leases, Future Minimum Payments, Due in Five Years   40    
Operating Leases, Future Minimum Payments, Due Thereafter   54    
Operating Leases, Future Minimum Payments Due   489    
Other Commitment, to be Paid, Year One   253    
Other Commitment, to be Paid, Year Two   131    
Other Commitment, to be Paid, Year Three   86    
Other Commitment, to be Paid, Year Four   58    
Other Commitment, to be Paid, Year Five   49    
Other Commitment, to be Paid, after Year Five   122    
Other Commitment   $ 699    
v3.20.4
Restructuring Narrative (Details) - USD ($)
 3 Months Ended 12 Months Ended
Oct. 03, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Restructuring Cost and Reserve [Line Items]                  
Restructuring Reserve $ 37,000,000   $ 0       $ 37,000,000 $ 0  
Restructuring and Related Cost, Incurred Cost             77,000,000 41,000,000 $ 59,000,000
Restructuring and Related Cost, Cost Incurred to Date 327,000,000           327,000,000    
Payments for Restructuring             40,000,000    
Selling, General and Administrative Expenses [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             60,000,000    
2020 Program [Member] | Cost of Sales [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             17,000,000    
2020 Program [Member] | Selling, General and Administrative Expenses [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             43,000,000    
2017 Program [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost               41,000,000 59,000,000
Restructuring and Related Cost, Cost Incurred to Date 267,000,000           267,000,000    
2017 Program [Member] | Selling, General and Administrative Expenses [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             17,000,000    
Financial Fitness Program [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost 23,000,000 $ 52,000,000 $ 10,000,000 $ 15,000,000 $ 8,000,000 $ 8,000,000      
Employee Severance [Member] | 2020 Program [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             60,000,000    
Employee Severance [Member] | 2017 Program [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Cost Incurred to Date 53,000,000           53,000,000    
New Technology Implementation and Accelerated Depreciation of Technology Assets Cost [Member] | 2017 Program [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             17,000,000    
Restructuring and Related Cost, Cost Incurred to Date 117,000,000           117,000,000    
Technology Impairment and Related Costs [Member] | 2017 Program [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Cost Incurred to Date 72,000,000           72,000,000    
Contract Termination [Member] | 2017 Program [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Cost Incurred to Date 25,000,000           25,000,000    
Beef [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             9,000,000 1,000,000 4,000,000
Restructuring and Related Cost, Cost Incurred to Date 22,000,000           22,000,000    
Pork [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             3,000,000 1,000,000 1,000,000
Restructuring and Related Cost, Cost Incurred to Date 8,000,000           8,000,000    
Chicken [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             34,000,000 21,000,000 30,000,000
Restructuring and Related Cost, Cost Incurred to Date 141,000,000           141,000,000    
Prepared Foods [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             28,000,000 18,000,000 24,000,000
Restructuring and Related Cost, Cost Incurred to Date 152,000,000           152,000,000    
Other [Member]                  
Restructuring Cost and Reserve [Line Items]                  
Restructuring and Related Cost, Incurred Cost             3,000,000 $ 0 $ 0
Restructuring and Related Cost, Cost Incurred to Date $ 4,000,000           $ 4,000,000    
v3.20.4
Income Taxes (Provision For Income Taxes From Continuing Operations) (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Income Tax Disclosure [Abstract]                      
Federal                 $ 477 $ 314 $ (431)
State                 98 38 114
Foreign                 18 29 26
Current                 575 304 583
Deferred                 18 77 (874)
Income Tax Expense (Benefit) $ 180 $ 139 $ 126 $ 148 $ 95 $ 45 $ 87 $ 154 $ 593 $ 381 $ (291)
v3.20.4
Income Taxes (Reasons For Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate) (Details)
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Income Tax Disclosure [Abstract]      
Federal income tax rate 21.00% 21.00% 24.50%
State income taxes 2.90% 2.80% 3.20%
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent (0.10%) (6.70%) (0.10%)
Effective Income Tax Rate Reconciliation, Tax Cuts and Jobs Act, Percent 0 0 (0.384)
Domestic production deduction 0.00% 0.00% (1.70%)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Percent 0.00% 0.00% 3.20%
Other (1.50%) (1.00%) (1.50%)
Effective income tax rate 22.30% 16.10% (10.80%)
v3.20.4
Income Taxes (Tax Effects Of Major Items Recorded As Deferred Tax Assets And Liabilities) (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Income Tax Disclosure [Abstract]    
Deferred Tax Assets, Property, plant and equipment $ 0 $ 0
Deferred Tax Liabilities, Property, plant and equipment 923 891
Deferred Tax Assets, Intangible assets 0 0
Deferred Tax Liabilities, Intangible assets 1,591 1,624
Deferred Tax Asset, ROU Asset 0 0
Deferred Tax Liabilities, Leasing Arrangements 154 0
Deferred Tax Assets, Accrued expenses 341 297
Deferred Tax Liabilities, Accrued expenses 0 0
Deferred Tax Asset, Lease Liabilities 129 0
Deferred Tax Liability, Lease Liabilities 0 0
Deferred Tax Assets, Net operating loss and other carryforwards 137 99
Deferred Tax Assets, Other 149 131
Deferred Tax Liabilities, Other 265 231
Deferred Tax Assets, Gross 756 527
Deferred Tax Liabilities, Gross 2,933 2,746
Valuation allowance (127) (86)
Net deferred tax liability $ 2,304 $ 2,305
v3.20.4
Income Taxes (Activity Related To Gross Unrecognized Tax Benefits) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Balance as of the beginning of the year $ 169 $ 308 $ 316
Increases related to current year tax positions 21 20 19
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions 5 21 8
Reductions related to prior year tax positions (9) (17) (18)
Reductions related to settlements (3) (9) (8)
Reductions related to expirations of statute of limitations (18) (154) (9)
Balance as of the end of the year $ 165 $ 169 $ 308
v3.20.4
Income Taxes (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Income Tax Disclosure [Line Items]      
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount   $ 160  
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions $ 5 $ 21 $ 8
Federal income tax rate 21.00% 21.00% 24.50%
Impact of the Tax Act     $ 33
Impairment and Sale of Non-Protein Businesses     3.20%
Domestic production deduction     $ 46
State Income Taxes $ 78 $ 66 86
Effective Income Tax Rate Reconciliation, Tax Cuts and Jobs Act, Amount     (996)
Income (Loss) from Continuing Operations before Income Taxes, Domestic 2,605 2,275 $ 2,637
Tax credit carryforwards 48    
Accumulated undistributed earnings of foreign subsidiaries 318 252  
Unrecognized tax benefits that would impact effective tax rate 118 116  
Unrecognized tax benefits, income tax penalties and interest accrued 51 $ 46  
Expire in Fiscal Years 2021-2034 [Member]      
Income Tax Disclosure [Line Items]      
Tax credit carryforwards 46    
State and Local Jurisdiction [Member]      
Income Tax Disclosure [Line Items]      
Operating loss carryforwards 799    
Foreign Country [Member]      
Income Tax Disclosure [Line Items]      
Operating loss carryforwards 238    
Expire in Fiscal Years 2021-2039 [Member] | State and Local Jurisdiction [Member]      
Income Tax Disclosure [Line Items]      
Operating loss carryforwards 747    
Expire in FIscal Years 2021-2032 [Member] | Foreign Country [Member]      
Income Tax Disclosure [Line Items]      
Operating loss carryforwards $ 104    
v3.20.4
Debt (Major Components Of Debt) (Details) - USD ($)
Oct. 03, 2020
Sep. 28, 2019
Debt Instrument [Line Items]    
Letters of Credit Outstanding, Amount $ 0  
Discount on senior notes (45,000,000) $ (48,000,000)
Other 216,000,000 216,000,000
Unamortized debt issuance costs (60,000,000) (65,000,000)
Total debt 11,339,000,000 11,932,000,000
Less current debt 548,000,000 2,102,000,000
Total long-term debt 10,791,000,000 9,830,000,000
Notes due June 2020 ("2020 Notes")    
Debt Instrument [Line Items]    
Long-term debt, gross 0 350,000,000
Notes due August 2020 ("2020 Notes")    
Debt Instrument [Line Items]    
Long-term debt, gross 0 400,000,000
4.10% Notes due September 2020 ("2020 Notes")    
Debt Instrument [Line Items]    
Long-term debt, gross 0 280,000,000
2.25% Notes due August 2021    
Debt Instrument [Line Items]    
Long-term debt, gross $ 500,000,000 500,000,000
Stated interest rate 2.25%  
4.50% Senior notes due June 2022    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,000,000,000 1,000,000,000
Stated interest rate 4.50%  
3.90% Notes due September 2023    
Debt Instrument [Line Items]    
Long-term debt, gross $ 400,000,000 400,000,000
Stated interest rate 3.90%  
3.95% Notes due August 2024    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,250,000,000 1,250,000,000
Stated interest rate 3.95%  
Four Point Zero Zero Percentage Senior Unsecured Notes Due March, Two Thousand Twenty Six [Domain]    
Debt Instrument [Line Items]    
Long-term debt, gross $ 800,000,000 800,000,000
Stated interest rate 4.00%  
3.55% Notes due June 2027    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,350,000,000 1,350,000,000
Stated interest rate 3.55%  
7.00% Notes due January 2028    
Debt Instrument [Line Items]    
Long-term debt, gross $ 18,000,000 18,000,000
Stated interest rate 7.00%  
Four Point Three Five Percentage Senior Unsecured Notes Due March Two Thousand And Twenty Nine [Member] [Domain]    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,000,000,000 1,000,000,000
Stated interest rate 4.35%  
6.13% Notes due November 2032    
Debt Instrument [Line Items]    
Long-term debt, gross $ 160,000,000 161,000,000
Stated interest rate 6.13%  
4.88% Notes due August 2034    
Debt Instrument [Line Items]    
Long-term debt, gross $ 500,000,000 500,000,000
Stated interest rate 4.88%  
5.15% Notes due August 2044    
Debt Instrument [Line Items]    
Long-term debt, gross $ 500,000,000 500,000,000
Stated interest rate 5.15%  
4.55% Notes due June 2047    
Debt Instrument [Line Items]    
Long-term debt, gross $ 750,000,000 750,000,000
Stated interest rate 4.55%  
5.10% Notes due September 2048 ("2048 Notes")    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,500,000,000 1,500,000,000
Stated interest rate 5.10%  
Term Loan Facility Due March 2022 [Domain]    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,500,000,000 0
Stated interest rate 1.69%  
Revolving Credit Facility [Member]    
Debt Instrument [Line Items]    
Revolving credit facility $ 0 70,000,000
Commercial Paper [Member]    
Debt Instrument [Line Items]    
Commercial Paper $ 0 $ 1,000,000,000
v3.20.4
Debt (Narrative) (Details) - USD ($)
 12 Months Ended
Oct. 03, 2020
Mar. 28, 2020
Sep. 28, 2019
Debt Instrument [Line Items]      
Letters of Credit Outstanding, Amount $ 0    
Debt Instrument, Unamortized Discount 45,000,000   $ 48,000,000
Maturities of debt in 2019 550,000,000    
Maturities of debt in 2020 2,543,000,000    
Maturities of debt in 2021 431,000,000    
Maturities of debt in 2022 1,269,000,000    
Maturities of debt in 2023 12,000,000    
Notes due June 2020 ("2020 Notes")      
Debt Instrument [Line Items]      
Long-term debt, gross 0   350,000,000
Extinguishment of Debt, Amount 350,000,000    
3.9% Senior Notes Due September, Two Thousand and Twenty Three [Member]      
Debt Instrument [Line Items]      
Long-term debt, gross $ 400,000,000   400,000,000
Debt Instrument, Interest Rate, Stated Percentage 3.90%    
5.1% Notes Due September, Two Thousand and Forty Eight [Member]      
Debt Instrument [Line Items]      
Long-term debt, gross $ 1,500,000,000   1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage 5.10%    
Four Point Zero Zero Percentage Senior Unsecured Notes Due March, Two Thousand Twenty Six [Domain]      
Debt Instrument [Line Items]      
Long-term debt, gross $ 800,000,000   800,000,000
Debt Instrument, Interest Rate, Stated Percentage 4.00%    
Four Point Three Five Percentage Senior Unsecured Notes Due March Two Thousand And Twenty Nine [Member] [Domain]      
Debt Instrument [Line Items]      
Long-term debt, gross $ 1,000,000,000   1,000,000,000
Debt Instrument, Interest Rate, Stated Percentage 4.35%    
Notes due August 2020 ("2020 Notes")      
Debt Instrument [Line Items]      
Long-term debt, gross $ 0   400,000,000
Extinguishment of Debt, Amount 400,000,000    
4.10% Notes due September 2020 ("2020 Notes")      
Debt Instrument [Line Items]      
Long-term debt, gross 0   280,000,000
Extinguishment of Debt, Amount 278,000,000    
Term Loan Facility Due March 2022 [Domain]      
Debt Instrument [Line Items]      
Long-term debt, gross $ 1,500,000,000   0
Debt Instrument, Interest Rate, Stated Percentage 1.69%    
Debt Instrument, Unused Borrowing Capacity, Amount   $ 1,500,000,000  
Revolving Credit Facility [Member]      
Debt Instrument [Line Items]      
Maximum borrowing capacity $ 1,750,000,000    
Amount available for borrowing under credit facility 1,750,000,000    
Revolving credit facility 0   70,000,000
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 101,000,000    
Commercial Paper [Member]      
Debt Instrument [Line Items]      
Maximum borrowing capacity 1,000,000,000    
Commercial Paper $ 0   $ 1,000,000,000
v3.20.4
Equity (Schedule of Share Repurchases) (Details) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Class of Stock [Line Items]      
Dollars $ 207 $ 252 $ 427
Class A [Member]      
Class of Stock [Line Items]      
Shares 2.5 3.7 5.9
Dollars $ 207 $ 252 $ 427
Share Repurchase Program [Member] | Class A [Member]      
Class of Stock [Line Items]      
Shares 1.8 2.3 4.9
Dollars $ 150 $ 150 $ 350
To fund certain obligations under equity compensation plans [Member] | Class A [Member]      
Class of Stock [Line Items]      
Shares 0.7 1.4 1.0
Dollars $ 57 $ 102 $ 77
v3.20.4
Equity (Narrative) (Details)
shares in Millions
 12 Months Ended
Nov. 13, 2020
$ / shares
Oct. 03, 2020
Classes
$ / shares
shares
Sep. 28, 2019
$ / shares
Sep. 29, 2018
$ / shares
Class of Stock [Line Items]        
Number of classes of common stock | Classes   2    
Cash Dividends, Paid Ratio To Other Class Of Stock, Maximum   90.00%    
Tyson Limited Partnership And Tyson Family [Member]        
Class of Stock [Line Items]        
Related Party Voting Rights Percentage   71.06%    
Class A [Member]        
Class of Stock [Line Items]        
Common stock, par value   $ 0.10 $ 0.10  
Common Stock, Vote Entitlement Per Share   1    
Common Stock, Dividends, Per Share, Cash Paid   1.68 1.50 $ 1.20
Common Stock, Dividends, Per Share, Declared   $ 1.725 1.575 1.275
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | shares   18.9    
Class A [Member] | Subsequent Event [Member]        
Class of Stock [Line Items]        
Common Stock, Dividends, Per Share, Declared $ 0.445      
Class A [Member] | Tyson Limited Partnership And Tyson Family [Member]        
Class of Stock [Line Items]        
Tyson Family Ownership Percentage   2.23%    
Class B [Member]        
Class of Stock [Line Items]        
Common stock, par value   $ 0.10 0.10  
Common Stock, Vote Entitlement Per Share   10    
Common Stock, Dividends, Per Share, Cash Paid   1.51 1.35 1.08
Common Stock, Dividends, Per Share, Declared   $ 1.553 $ 1.418 $ 1.148
Class B [Member] | Subsequent Event [Member]        
Class of Stock [Line Items]        
Common Stock, Dividends, Per Share, Declared $ 0.4005      
Class B [Member] | Tyson Limited Partnership [Member]        
Class of Stock [Line Items]        
Tyson Family Ownership Percentage   99.985%    
v3.20.4
Other Income And Charges (Details) - USD ($)
$ in Millions
 12 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Components of Other Income and Expenses [Line Items]    
Proceeds from Sale of Other Investments $ 79  
Cost of Sales [Member] | One Time Cash Bonus [Member]    
Components of Other Income and Expenses [Line Items]    
Other Nonrecurring Expense   $ 109
Other Nonoperating Income (Expense) [Member]    
Components of Other Income and Expenses [Line Items]    
Pension and Other Postretirement Benefits Cost (Reversal of Cost) 48  
Income (Loss) from Equity Method Investments 20 21
Foreign Currency Transaction Gain, before Tax   1
Gain on Sale of Investments $ 55  
Unusual or Infrequent Item, or Both, Insurance Proceeds   11
Revision of Prior Period, Adjustment [Member] | Accounting Standards Update 2017-07 [Member] | Other Nonoperating Income (Expense) [Member]    
Components of Other Income and Expenses [Line Items]    
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)   $ (23)
v3.20.4
Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 12 Months Ended
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Earnings Per Share, Basic and Diluted [Line Items]                      
Net Income $ 657 $ 526 $ 379 $ 509 $ 375 $ 689 $ 398 $ 531 $ 2,071 $ 1,993 $ 2,973
Less: Net income attributable to noncontrolling interest                 10 13 3
Net Income Attributable to Tyson $ 654 $ 526 $ 376 $ 505 $ 372 $ 684 $ 394 $ 530 2,061 1,980 2,970
Undistributed earnings                 $ 1,445 $ 1,416 $ 2,512
Stock options and restricted stock                 2 3 4
Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions                 365 366 369
Net Income Per Share Attributable to Tyson - Diluted $ 1.79 $ 1.44 $ 1.03 $ 1.38 $ 1.01 $ 1.87 $ 1.08 $ 1.44 $ 5.64 $ 5.40 $ 8.04
Class A [Member]                      
Earnings Per Share, Basic and Diluted [Line Items]                      
Less dividends declared:                 $ 508 $ 465 $ 378
Undistributed earnings                 $ 1,189 $ 1,166 $ 2,070
Weighted average number of shares outstanding - Basic                 293 293 295
Net Income Per Share Attributable to Tyson - Basic 1.83 1.48 1.06 1.42 1.04 1.92 1.11 1.49 $ 5.79 $ 5.56 $ 8.29
Common Stock, Dividends, Per Share, Declared                 $ 1.725 $ 1.575 $ 1.275
Class B [Member]                      
Earnings Per Share, Basic and Diluted [Line Items]                      
Less dividends declared:                 $ 108 $ 99 $ 80
Undistributed earnings                 $ 256 $ 250 $ 442
Weighted average number of shares outstanding - Basic                 70 70 70
Net Income Per Share Attributable to Tyson - Basic $ 1.66 $ 1.33 $ 0.95 $ 1.27 $ 0.93 $ 1.73 $ 0.99 $ 1.34 $ 5.21 $ 4.99 $ 7.46
Common Stock, Dividends, Per Share, Declared                 $ 1.553 $ 1.418 $ 1.148
v3.20.4
Earnings Per Share (Narrative) (Details)
shares in Millions
 12 Months Ended
Oct. 03, 2020
Classes
shares
Sep. 28, 2019
shares
Sep. 29, 2018
shares
Earnings Per Share, Basic and Diluted [Line Items]      
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 2 1  
Cash Dividends, Paid Ratio To Other Class Of Stock, Maximum 90.00%    
Number of classes of common stock | Classes 2    
Class A [Member]      
Earnings Per Share, Basic and Diluted [Line Items]      
Undistributed earnings (losses), ratio used to calculate allocation to class of stock 1    
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    
Stock-based compensation [Member]      
Earnings Per Share, Basic and Diluted [Line Items]      
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 1 1 1
v3.20.4
Derivative Financial Instruments (Aggregate Outstanding Notionals) (Details)
lb in Millions, bu in Millions, $ in Millions
Oct. 03, 2020
USD ($)
T
bu
lb
Sep. 28, 2019
USD ($)
bu
lb
T
Corn (in bushels)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | bu 43 111
Soybean Meal (in tons)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | T 428,300 1,078,800
Live Cattle (in pounds)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | lb 234 14
Lean Hogs [Member]    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | lb 283 309
Foreign Exchange Contract [Member]    
Derivative [Line Items]    
Derivative, Notional Amount | $ $ 536 $ 148
Interest Rate Swap [Member]    
Derivative [Line Items]    
Derivative, Notional Amount | $ $ 0 $ 400
v3.20.4
Derivative Financial Instruments (Pretax Impact Of Cash Flow Hedge Derivative Instruments On The Consolidated Statements Of Income) (Details) - Cash Flow Hedge [Member] - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Derivative [Line Items]      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax $ (17) $ (39) $ (20)
Commodity Contracts [Member]      
Derivative [Line Items]      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax (17) (15) (21)
Interest Rate Contract [Member]      
Derivative [Line Items]      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax $ 0 $ (24) $ 1
v3.20.4
Derivative Financial Instruments (Pretax Impact Of Fair Value Hedge Derivative Instruments On The Consolidated Statements of Income) (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Fair Value Hedging [Member]      
Derivative [Line Items]      
Gain/(Loss) on forwards $ 6 $ (19) $ 4
v3.20.4
Derivative Financial Instruments (Pretax Impact Of Undesignated Derivative Instruments On The Consolidated Statements Of Income) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Cost of Sales [Member]      
Derivative [Line Items]      
Gain/(Loss) Recognized in Earnings $ 8 $ 26 $ (33)
Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Sales [Member]      
Derivative [Line Items]      
Gain/(Loss) Recognized in Earnings 0 (23) 18
Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Cost of Sales [Member]      
Derivative [Line Items]      
Gain/(Loss) Recognized in Earnings $ (103) $ 2 $ (33)
v3.20.4
Derivative Financial Instruments (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Derivative [Line Items]      
Maximum Length Of Time Hedged Anticipated Transactions 18 months    
Cost of Sales $ 37,801 $ 37,383 $ 34,956
Interest and Debt Expense 485 462 350
Other Nonoperating Income (Expense) 131 55 56
Commodity Contracts [Member]      
Derivative [Line Items]      
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months 1    
Treasury Lock [Member]      
Derivative [Line Items]      
Cash Flow Hedge Gain (Loss) to be Reclassified Over Life of Forecasted Fixed-Rate Debt (16)    
Cash Flow Hedging [Member]      
Derivative [Line Items]      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax (17) (39) (20)
Cash Flow Hedging [Member] | Commodity Contracts [Member]      
Derivative [Line Items]      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax (17) (15) (21)
Cash Flow Hedging [Member] | Interest Rate Contract [Member]      
Derivative [Line Items]      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 0 (24) 1
Fair Value Hedging [Member]      
Derivative [Line Items]      
Derivative Assets (Liabilities), at Fair Value, Net 6 (19) 4
Sales [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member]      
Derivative [Line Items]      
Gain/(Loss) Recognized in Earnings 0 (23) 18
Cost of Sales [Member]      
Derivative [Line Items]      
Gain/(Loss) Recognized in Earnings 8 26 (33)
Cost of Sales [Member] | Cash Flow Hedging [Member] | Commodity Contracts [Member]      
Derivative [Line Items]      
Gain/(Loss) Recognized in Earnings (24) (18) (12)
Cost of Sales [Member] | Fair Value Hedging [Member] | Commodity Contracts [Member]      
Derivative [Line Items]      
Gain/(Loss) Recognized in Earnings 135 42 12
Cost of Sales [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member]      
Derivative [Line Items]      
Gain/(Loss) Recognized in Earnings (103) 2 (33)
Interest Expense [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]      
Derivative [Line Items]      
Gain/(Loss) Recognized in Earnings (6) (1) 0
Other Nonoperating Income (Expense) [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]      
Derivative [Line Items]      
Gain/(Loss) Recognized in Earnings $ (5) $ 8 $ (3)
v3.20.4
Fair Value Measurements (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings $ 0 $ 0
Derivative Liability, Collateral, Right to Reclaim Cash, Offset 16,000,000 95,000,000
Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Netting (53,000,000) (8,000,000)
Total Assets 510,000,000 497,000,000
Derivative Liability, Netting (69,000,000) (103,000,000)
Total Liabilities 15,000,000 7,000,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets 19,000,000 7,000,000
Total Liabilities 0 0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets 491,000,000 446,000,000
Total Liabilities 84,000,000 110,000,000
Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets 53,000,000 52,000,000
Total Liabilities 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Current 0 1,000,000
Other Current Assets [Member] | Fair Value, Recurring [Member] | Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Assets 2,000,000 23,000,000
Derivative Asset, Netting (2,000,000) (3,000,000)
Other Current Assets [Member] | Fair Value, Recurring [Member] | Not Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Assets 45,000,000 53,000,000
Derivative Asset, Netting (51,000,000) (5,000,000)
Other Current Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Current 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Assets 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Not Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Assets 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Current 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Assets 4,000,000 26,000,000
Other Current Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Assets 96,000,000 58,000,000
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Current 0 1,000,000
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3 [Member] | Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Assets 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3 [Member] | Not Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Assets 0 0
Other Assets [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Noncurrent 108,000,000 102,000,000
Deferred Compensation Assets 355,000,000 318,000,000
Other Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Noncurrent 0 0
Deferred Compensation Assets 19,000,000 7,000,000
Other Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Noncurrent 55,000,000 51,000,000
Deferred Compensation Assets 336,000,000 311,000,000
Other Assets [Member] | Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Noncurrent 53,000,000 51,000,000
Deferred Compensation Assets 0 0
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Liabilities 0 4,000,000
Derivative Liability, Netting (10,000,000) (13,000,000)
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Not Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Liabilities 15,000,000 3,000,000
Derivative Liability, Netting (59,000,000) (90,000,000)
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Liabilities 0 0
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Not Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Liabilities 0 0
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Liabilities 10,000,000 17,000,000
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Liabilities 74,000,000 93,000,000
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 3 [Member] | Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Liabilities 0 0
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 3 [Member] | Not Designated as Hedging Instrument [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Financial Instruments, Liabilities $ 0 $ 0
v3.20.4
Fair Value Measurements (Schedule Of Debt Securities Measured At Fair Value On A Recurring Basis, Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of year $ 52 $ 51
Total realized and unrealized gains (losses), Included in earnings 0 0
Total realized and unrealized gains (losses), Included in other comprehensive income (loss) 1 1
Purchases 17 20
Issuances 0 0
Settlements (17) (20)
Balance at end of year $ 53 $ 52
v3.20.4
Fair Value Measurements (Schedule Of Available For Sale Securities) (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
U.S. Treasury and Agency [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Amortized Cost Basis $ 55 $ 51
Fair Value 55 51
Unrealized Gain/(Loss) 0 0
Corporate And Asset-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Amortized Cost Basis 51 51
Fair Value 53 52
Unrealized Gain/(Loss) $ 2 $ 1
v3.20.4
Fair Value Measurements (Schedule Of Fair Value And Carrying Value Of Debt) (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Fair Value Disclosures [Abstract]    
Total Debt, Fair Value $ 12,982 $ 12,978
Total Debt, Carrying Value $ 11,339 $ 11,932
v3.20.4
Fair Value Measurements Fair Value Measurements (Narrative) (Details) - USD ($)
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Liability, Collateral, Right to Reclaim Cash, Offset $ 16,000,000 $ 95,000,000  
Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings 0 0  
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale 0    
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, Net of Tax, Portion Attributable to Parent 0 0  
Asset Impairment Charges $ 48,000,000 $ 94,000,000 $ 175,000,000
Wal-Mart Stores, Inc. [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Concentration, Percentage 16.50% 16.20%  
Prepared Foods business [Member] | Prepared Foods [Member] | Cost of Sales [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Asset Impairment Charges   $ 41,000,000  
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | Non-Protein Business [Member] | Prepared Foods [Member] | Cost of Sales [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Asset Impairment Charges     101,000,000
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | Non-Protein Business [Member] | Fair Value, Nonrecurring [Member] | Cost of Sales [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Asset Impairment Charges     $ 101,000,000
Maximum [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Short Term Investment Maturity Period 12 months    
Available For Sale Securities Debt Maturity Period 40 years    
Maximum [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Concentration, Percentage 10.00% 10.00%  
v3.20.4
Stock-Based Compensation (Summary Of Stock Options) (Details) - Stock Options [Member] - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate 2.00% 2.50% 1.50%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]      
Shares Under Option - Outstanding, September 28, 2019 5,362,672    
Shares Under Option - Exercised (661,549)    
Shares Under Option - Forfeited or expired (265,237)    
Shares Under Option - Granted 1,515,587    
Shares Under Option - Outstanding, October 3, 2020 5,951,473 5,362,672  
Weighted Average Exercise Price Per Share - Outstanding, September 28, 2019 $ 54.03    
Weighted Average Exercise Price Per Share - Exercised 48.21    
Weighted Average Exercise Price Per Share - Forfeited or expired 76.06    
Weighted Average Exercise Price Per Share - Granted 90.04    
Weighted Average Exercise Price Per Share - Outstanding, October 3, 2020 $ 62.86 $ 54.03  
Weighted Average Remaining Contractual Life (in Years) - Outstanding, October 3, 2020 6 years 9 months 18 days    
Aggregate Intrinsic Value - Outstanding, October 3, 2020 $ 37    
Shares Under Option - Exercisable, October 3, 2020 3,231,765    
Weighted Average Exercise Price Per Share - Exercisable at October 3, 2020 $ 50.96    
Weighted Average Remaining Contractual Life (in Years) - Exercisable, October 3, 2020 5 years 4 months 24 days    
Aggregate Intrinsic Value - Exercisable, October 3, 2020 $ 37    
v3.20.4
Stock-Based Compensation (Assumption Of Fair Value Calculation Of Each Year's Grants) (Details) - Stock Options [Member]
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected life (in years) 4 years 3 months 18 days 4 years 3 months 18 days 5 years 10 months 24 days
Risk-free interest rate 1.60% 2.80% 2.10%
Expected volatility 25.70% 25.40% 23.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate 2.00% 2.50% 1.50%
v3.20.4
Stock-Based Compensation (Summary Of Restricted Stock) (Details) - Restricted Stock [Member] - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]      
Number of Shares - Nonvested, September 28, 2019 1,662,078    
Number of Shares - Granted 628,844    
Number of Shares - Dividends 44,704    
Number of Shares - Vested (556,632) (500,000) (600,000)
Number of Shares - Forfeited (116,585)    
Number of Shares - Nonvested, October 3, 2020 1,662,409 1,662,078  
Weighted Average Grant Date Fair Value Per Share - Nonvested, September 28, 2019 $ 64.55    
Weighted Average Grant-Date Fair Value Per Share - Granted $ 88.96    
Weighted Average Grant-Date Fair Value Per Share - Dividends 74.51    
Weighted Average Grant-Date Fair Value Per Share - Vested $ 60.30    
Weighted Average Grant-Date Fair Value Per Share - Forfeited 74.18    
Weighted Average Grant Date Fair Value Per Share - Nonvested, October 3, 2020 $ 74.79 $ 64.55  
Weighted Average Remaining Contractual Life (in Years), Nonvested, October 3, 2020 1 year 3 months 18 days    
Aggregate Intrinsic Value - Nonvested, October 3, 2020 $ 99    
v3.20.4
Stock-Based Compensation (Summary of Performance-Based Shares) (Details) - Performance Shares [Member]
$ / shares in Units, $ in Millions
 12 Months Ended
Oct. 03, 2020
USD ($)
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]  
Number of Shares - Nonvested, September 28, 2019 | shares 2,027,059
Number of Shares - Granted | shares 726,388
Number of Shares - Vested | shares (344,870)
Number of Shares - Forfeited | shares (445,440)
Number of Shares - Nonvested, October 3, 2020 | shares 1,963,137
Weighted Average Grant Date Fair Value Per Share - Nonvested, September 28, 2019 | $ / shares $ 51.03
Weighted Average Grant-Date Fair Value Per Share - Granted | $ / shares 67.55
Weighted Average Grant-Date Fair Value Per Share - Vested | $ / shares 46.29
Weighted Average Grant-Date Fair Value Per Share - Forfeited | $ / shares 52.59
Weighted Average Grant Date Fair Value Per Share - Nonvested, October 3, 2020 | $ / shares $ 57.62
Weighted Average Remaining Contractual Life (in Years), Nonvested, October 3, 2020 1 year 2 months 12 days
Aggregate Intrinsic Value - Nonvested, October 3, 2020 | $ $ 116
v3.20.4
Stock-Based Compensation (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares available for future grant 9,979,081    
Cash received from exercise of stock options $ 30 $ 99 $ 102
Stock Options [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate 2.00% 2.50% 1.50%
Vesting period 3 years    
Expiration period 10 years    
Grant-date fair value of options granted $ 16.77 $ 11.35 $ 18.31
Stock-based compensation expense, net of income taxes $ 16 $ 16 $ 13
Related tax benefit $ 4 $ 3 $ 6
Options vested (in shares) 1,300,000 1,200,000 2,200,000
Grant date fair value of options vested $ 17 $ 18 $ 27
Cash received from exercise of stock options 30 99 102
Tax benefit related to stock options exercised 6 21 30
Total intrinsic value of options exercised 21 79 103
Amount realized, related to excess tax deductions 4 14 20
Total unrecognized compensation cost related to stock option plans $ 21    
Total unrecognized compensation cost, time frame for recognition, weighted average number of years 1 year 3 months 18 days    
Restricted Stock [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense, net of income taxes $ 36 26 22
Related tax benefit $ 9 $ 8 $ 9
Total unrecognized compensation cost, time frame for recognition, weighted average number of years 1 year 9 months 18 days    
Number of Shares - Vested (556,632) (500,000) (600,000)
Restricted stock awards, grant date fair value of shares vested $ 34 $ 29 $ 27
Total unrecognized compensation cost related to share-based awards other than options $ 49    
Performance Shares [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting period 3 years    
Stock-based compensation expense, net of income taxes $ 18 16 12
Related tax benefit $ 4 $ 4 $ 5
Total unrecognized compensation cost, time frame for recognition, weighted average number of years 1 year 10 months 24 days    
Number of Shares - Vested (344,870)    
Total unrecognized compensation cost related to share-based awards other than options $ 33    
Performance Shares [Member] | Minimum [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting rights, performance criteria 0.00%    
Performance Shares [Member] | Maximum [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting rights, performance criteria 200.00%    
v3.20.4
Pensions And Other Postretirement Benefits (Reconciliation Of Changes In Plans' Benefit Obligations, Assets And Funded Status) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Pension Plan [Member]      
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Employer contributions $ 19 $ 13 $ 29
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit obligation at beginning of year 77 28  
Service cost 2 2 1
Interest cost 1 1 1
Plan Amendments (6) 4  
Actuarial (gain) loss 4 6  
Benefits paid (4) (4)  
Defined Benefit Plan, Benefit Obligation, Business Combination 0 13  
Defined Benefit Plan, Benefit Obligation, Payment for Settlement 0 0  
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Other Change 0 27  
Benefit obligation at end of year 74 77 28
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair value of plan assets at beginning of year 0 0  
Actual return on plan assets 0 0  
Employer contributions 4 4  
Benefits paid (4) (4)  
Defined Benefit Plan, Plan Assets, Business Combination 0 0  
Defined Benefit Plan, Plan Assets, (Increase) Decrease for Settlement 0 0  
Fair value of plan assets at end of year 0 0 0
Funded status (74) (77)  
Defined Benefit Plan, Funded Plan [Member] | Qualified Plan [Member] | Pension Plan [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit obligation at beginning of year 1,478 1,392  
Service cost 0 0 0
Interest cost 14 56 55
Plan Amendments 0 0  
Actuarial (gain) loss 0 154  
Benefits paid (38) (77)  
Defined Benefit Plan, Benefit Obligation, Business Combination 0 2  
Defined Benefit Plan, Benefit Obligation, Payment for Settlement (1,423) (49)  
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Other Change 0 0  
Benefit obligation at end of year 31 1,478 1,392
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair value of plan assets at beginning of year 1,477 1,450  
Actual return on plan assets (14) 146  
Employer contributions 7 1  
Benefits paid (38) (77)  
Defined Benefit Plan, Plan Assets, Business Combination 0 2  
Defined Benefit Plan, Plan Assets, (Increase) Decrease for Settlement (1,397) (45)  
Fair value of plan assets at end of year 35 1,477 1,450
Funded status 4 (1)  
Defined Benefit Plan, Funded Plan [Member] | Nonqualified Plan [Member] | Pension Plan [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Defined Benefit Plan, Benefit Obligation, Payment for Settlement 0 0  
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Other Change 0 0  
Defined Benefit Plan, Unfunded Plan [Member] | Nonqualified Plan [Member] | Pension Plan [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit obligation at beginning of year 239 220  
Service cost 0 1 7
Interest cost 8 9 8
Plan Amendments 0 0  
Actuarial (gain) loss 5 17  
Benefits paid (14) (12)  
Defined Benefit Plan, Benefit Obligation, Business Combination 0 4  
Benefit obligation at end of year 238 239 220
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair value of plan assets at beginning of year 0 0  
Actual return on plan assets 0 0  
Employer contributions 12 12  
Benefits paid (12) (12)  
Defined Benefit Plan, Plan Assets, Business Combination 0 0  
Defined Benefit Plan, Plan Assets, (Increase) Decrease for Settlement 0 0  
Fair value of plan assets at end of year 0 0 $ 0
Funded status $ (238) $ (239)  
v3.20.4
Pensions And Other Postretirement Benefits (Amounts Recognized In The Consolidated Balance Sheets) (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Other Postretirement Benefits Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Other assets $ 0 $ 0
Other current liabilities (3) (3)
Other liabilities (71) (74)
Total assets (liabilities) (74) (77)
Defined Benefit Plan, Funded Plan [Member] | Qualified Plan [Member] | Pension Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Other assets (4) (16)
Other current liabilities 0 0
Other liabilities 0 (17)
Total assets (liabilities) 4 (1)
Defined Benefit Plan, Unfunded Plan [Member] | Nonqualified Plan [Member] | Pension Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Other assets 0 0
Other current liabilities (12) (12)
Other liabilities (226) (227)
Total assets (liabilities) $ (238) $ (239)
v3.20.4
Pensions And Other Postretirement Benefits Pensions and Other Postretirement Benefits (Amounts Recognized in Other Comprehensive Income) (Details) - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Other Postretirement Benefits Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Actuarial (gain) loss $ 24 $ 27
Prior service (credit) cost (37) (42)
Total accumulated other comprehensive (income)/loss (13) (15)
Qualified Plan [Member] | Defined Benefit Plan, Funded Plan [Member] | Pension Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Actuarial (gain) loss 4 (53)
Prior service (credit) cost 0 0
Total accumulated other comprehensive (income)/loss 4 (53)
Nonqualified Plan [Member] | Defined Benefit Plan, Unfunded Plan [Member] | Pension Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Actuarial (gain) loss 45 46
Prior service (credit) cost 3 4
Total accumulated other comprehensive (income)/loss $ 48 $ 50
v3.20.4
Pensions And Other Postretirement Benefits (Plans With Accumulated Benefit Obligations In Excess Of Plan Assets) (Details) - Pension Plan [Member] - USD ($)
$ in Millions
Oct. 03, 2020
Sep. 28, 2019
Defined Benefit Plan, Funded Plan [Member] | Qualified Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Projected benefit obligation $ 0 $ 381
Accumulated benefit obligation 0 381
Fair value of plan assets 0 364
Defined Benefit Plan, Unfunded Plan [Member] | Nonqualified Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Projected benefit obligation 238 239
Accumulated benefit obligation 238 239
Fair value of plan assets $ 0 $ 0
v3.20.4
Pensions And Other Postretirement Benefits (Components Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans Recognized In The Consolidated Statements Of Income) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Service cost $ 2 $ 2 $ 1
Interest cost 1 1 1
Expected return on plan assets 0 0 0
Amortization of prior service cost (6) (2) (25)
Recognized actuarial loss (gain), net 4 5 (5)
Recognized settlement loss (gain) 0 0 0
Net periodic benefit (credit) cost 1 6 (28)
Defined Benefit Plan, Funded Plan [Member] | Qualified Plan [Member] | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0 0 0
Interest cost 14 56 55
Expected return on plan assets (17) (57) (62)
Amortization of prior service cost 0 0 1
Recognized actuarial loss (gain), net 0 (1) 0
Recognized settlement loss (gain) (112) 19 0
Net periodic benefit (credit) cost (115) 17 (6)
Defined Benefit Plan, Unfunded Plan [Member] | Nonqualified Plan [Member] | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0 1 7
Interest cost 8 9 8
Expected return on plan assets 0 0 0
Amortization of prior service cost 1 1 1
Recognized actuarial loss (gain), net 3 2 3
Recognized settlement loss (gain) 0 0 0
Net periodic benefit (credit) cost $ 12 $ 13 $ 19
v3.20.4
Pensions And Other Postretirement Benefits (Weighted Average Assumptions) (Details)
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate to determine net periodic benefit cost 2.68% 3.99% 3.39%
Discount rate to determine benefit obligations 1.95% 2.68% 4.11%
Defined Benefit Plan, Funded Plan [Member] | Qualified Plan [Member] | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate to determine net periodic benefit cost 3.23% 4.26% 3.85%
Discount rate to determine benefit obligations 1.70% 3.23% 4.26%
Expected return on plan assets 3.50% 3.50% 4.20%
Defined Benefit Plan, Unfunded Plan [Member] | Nonqualified Plan [Member] | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate to determine net periodic benefit cost 3.19% 4.31% 3.88%
Discount rate to determine benefit obligations 2.63% 3.16% 4.31%
Rate of compensation increase     2.53%
v3.20.4
Pensions And Other Postretirement Benefits (Estimated Future Benefit Payments Expected To Be Paid) (Details)
$ in Millions
 3 Months Ended
Dec. 29, 2018
plan
Apr. 01, 2017
plan
Oct. 03, 2020
USD ($)
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
2021     $ 4
2022     3
2023     3
2024     3
2025     3
2026-2030     10
Defined Benefit Plan, Funded Plan [Member] | Qualified Plan [Member] | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Number of Plans Subject to Settlement | plan 3 2  
2021     0
2022     0
2023     0
2024     2
2025     1
2026-2030     3
Defined Benefit Plan, Unfunded Plan [Member] | Nonqualified Plan [Member] | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
2021     12
2022     12
2023     13
2024     13
2025     13
2026-2030     $ 63
v3.20.4
Pensions And Other Postretirement Benefits (Multiemployer Plans) (Details)
$ in Thousands
 12 Months Ended
Oct. 03, 2020
USD ($)
Sep. 28, 2019
USD ($)
Sep. 29, 2018
USD ($)
Multiemployer Plan [Line Items]      
Multiemployer Plan, Number of Plans 3    
Pension Plan [Member]      
Multiemployer Plan [Line Items]      
Multiemployer Plan, Employer Contribution, Cost $ 1,000 $ 2,000  
Pension Plan [Member] | Bakery and Confectionary Union & Industry International Pension Fund [Member]      
Multiemployer Plan [Line Items]      
Multiemployer Plan, Employer Contribution, Cost $ 1,000 1,000 $ 2,000
Surcharge Imposed 10.00%    
Multiemployer Plans, Collective-Bargaining Arrangement, Expiration Date (Deprecated 2020-01-31) [1] Oct. 10, 2015    
Pension Plan [Member] | Pension Fund of Local 227 [Member]      
Multiemployer Plan [Line Items]      
Multiemployer Plan, Employer Contribution, Cost $ 0 200  
Multiemployer Plans, Collective-Bargaining Arrangement, Expiration Date (Deprecated 2020-01-31) [1] Nov. 08, 2023    
Pension Plan [Member] | Retail, Wholesale and Department Store International Union and Industry Pension Fund [Member]      
Multiemployer Plan [Line Items]      
Multiemployer Plan, Employer Contribution, Cost $ 0 $ 500  
Surcharge Imposed 9.00%    
Multiemployer Plans, Collective-Bargaining Arrangement, Expiration Date (Deprecated 2020-01-31) [1] Nov. 07, 2021    
[1] Renewal negotiations for the Bakery and Confectionery Union and Industry International Pension Fund are in progress.
v3.20.4
Pensions And Other Postretirement Benefits (Narrative) (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Jun. 27, 2020
USD ($)
Mar. 28, 2020
USD ($)
Dec. 29, 2018
USD ($)
plan
Apr. 01, 2017
plan
Oct. 03, 2020
USD ($)
plan
Sep. 28, 2019
USD ($)
Sep. 29, 2018
USD ($)
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Number of Terminated Plans | plan         2    
Defined contribution retirement programs, expenses recognized         $ 103 $ 97 $ 84
Pension Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Number of Plans | plan         6    
Number of defined benefit plans with accumulated benefit obligations in excess of plan assets         4 5  
Defined Benefit Plan, Gain from Providing Special and Contractual Termination Benefits $ 6 $ 110     $ 112    
Expected contributions to pension plans for fiscal 2021         13    
Defined benefit plans funding         $ 19 $ 13 29
Other Postretirement Benefits Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Number of Plans | plan         8    
Assets for Plan Benefits, Defined Benefit Plan         $ 0 0  
Defined Benefit Plan, Benefit Obligation         74 77 28
Defined Benefit Pension, Fair Value of Plan Assets         0 0 0
Defined benefit plans funding         $ 4 4  
Postretirement Health Coverage [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Number of Plans | plan         5    
Foreign Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Number of defined benefit plans | plan         1    
Defined Benefit Pension, Fair Value of Plan Assets         $ 32    
Defined Benefit Plan, Unfunded Plan [Member] | Nonqualified Plan [Member] | Pension Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Number of Plans | plan         4    
Assets for Plan Benefits, Defined Benefit Plan         $ 0 0  
Defined Benefit Plan, Benefit Obligation         238 239 220
Defined Benefit Pension, Fair Value of Plan Assets         0 0 0
Defined benefit plans funding         12 12  
Defined Benefit Plan, Funded Plan [Member] | Qualified Plan [Member] | Pension Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Assets for Plan Benefits, Defined Benefit Plan         $ 4 16  
Defined Benefit Plan, Number of Frozen and Noncontributory Plans | plan         2    
Defined Benefit Plan, Cost of Providing Special and Contractual Termination Benefits     $ 19        
Accumulated benefit obligation         $ 31 1,478  
Amounts expected to be reclassified to earnings within next 12 months related to net periodic benefit cost (credit)         0    
Defined Benefit Plan, Benefit Obligation         31 1,478 1,392
Number of defined benefit plans | plan     3 2      
Defined Benefit Pension, Fair Value of Plan Assets         35 1,477 $ 1,450
Defined benefit plans funding         7 1  
Pension Fund of Local 227 [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Multiemployer Plans, Withdrawal Obligation         1    
Hillshire Hourly and Salaried Plans [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Assets for Plan Benefits, Defined Benefit Plan   $ 52     27    
Defined Benefit Plan, Benefit Obligation         $ 0    
Other Postretirement Benefit Plans, Fixed Annual Payments or Life Insurance [Member] | Other Postretirement Benefits Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Number of Plans | plan         2    
Defined Benefit Plan, Benefit Obligation         $ 16    
Other Postretirement Benefit Plans, Fixed Annual Payments or Life Insurance [Member] | Postretirement Health Coverage [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Number of Plans | plan         1    
Other Postretirement Benefit Plans, Fixed Annual Payments or Life Insurance [Member] | Postretirement Life Insurance [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Number of Plans | plan         1    
Other Postretirement Benefit Plan, Plan Amendments [Member] | Postretirement Health Coverage [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Number of Plans | plan         1    
Other Postretirement Benefit Plan, Plan Amendments [Member] | Maximum [Member] | Postretirement Health Coverage [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Benefit Obligation         $ 1    
Other Postretirement Benefit Plan, Hillshire and Keystone Plans [Member] | Postretirement Health Coverage [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Number of Plans | plan         2    
Other Postretirement Benefit Plan, Heathcare Cost Trend Rates, Hillshire Plan [Member] | Postretirement Health Coverage [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Benefit Obligation         $ 8    
Healthcare cost trend rate, assumed         7.00%    
Healthcare cost trend rate, ultimate rate         4.50%    
Retail, Wholesale and Department Store International Union and Industry Pension Fund [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Multiemployer Plans, Withdrawal Obligation         $ 10 $ 15  
Other Postretirement Benefit Plan, Heathcare Cost Trend Rates, Keystone Plan [Member] | Postretirement Health Coverage [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Benefit Obligation         $ 3    
Healthcare cost trend rate, assumed         6.80%    
Healthcare cost trend rate, ultimate rate         5.00%    
Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage         7.00% 36.00%  
Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage           61.00%  
Level 3 [Member] | Pension Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage         93.00% 3.00%  
Cash and Cash Equivalents [Member] | Pension Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage         100.00%    
v3.20.4
Segment Reporting (Segment Reporting Information, By Segment) (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Segment Reporting Information [Line Items]                      
Sales $ 11,460 $ 10,022 $ 10,888 $ 10,815 $ 10,884 $ 10,885 $ 10,443 $ 10,193 $ 43,185 $ 42,405 $ 40,052
Operating Income (Loss) 962 773 515 758 608 791 592 779 3,008 2,770 2,969
Total Other (Income) Expense                 344 396 287
Income before Income Taxes 837 665 505 657 470 734 485 685 2,664 2,374 2,682
Depreciation and Amortization                 1,178 1,086 933
Total Assets 34,456 $ 34,323 $ 33,657 $ 33,564 32,918 $ 33,482 $ 32,305 $ 32,185 34,456 32,918 28,987
Additions to property, plant and equipment                 1,199 1,259 1,200
Beef [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 15,742 15,828  
Pork [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 5,128 4,932  
Chicken [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 13,234 13,300  
Prepared Foods [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 8,532 8,418  
Other [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 1,856 1,289  
Operating Segments [Member] | Beef [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 15,742 15,828 15,473
Operating Income (Loss)                 1,580 1,050 950
Depreciation and Amortization                 106 97 103
Total Assets 3,223       2,958       3,223 2,958 2,939
Additions to property, plant and equipment                 219 133 107
Operating Segments [Member] | Pork [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 5,128 4,932 4,879
Operating Income (Loss)                 565 263 361
Depreciation and Amortization                 56 47 42
Total Assets 1,516       1,372       1,516 1,372 1,265
Additions to property, plant and equipment                 117 128 150
Operating Segments [Member] | Chicken [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 13,234 13,300 12,044
Operating Income (Loss)                 122 621 866
Depreciation and Amortization                 553 513 368
Total Assets 11,028       10,807       11,028 10,807 8,794
Additions to property, plant and equipment                 577 637 570
Operating Segments [Member] | Prepared Foods [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 8,532 8,418 8,668
Operating Income (Loss)                 743 843 845
Depreciation and Amortization                 398 397 410
Total Assets 14,883       15,138       14,883 15,138 15,063
Additions to property, plant and equipment                 211 246 228
Segment Reconciling Items [Member] | Other [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 1,856 1,289 305
Operating Income (Loss)                 (2) (7) (53)
Depreciation and Amortization                 65 32 10
Total Assets $ 3,806       $ 2,643       3,806 2,643 926
Additions to property, plant and equipment                 75 115 145
Intersegment Eliminations [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 (1,307) (1,362) (1,317)
Intersegment Eliminations [Member] | Beef [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 (390) (411) (420)
Intersegment Eliminations [Member] | Pork [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 (865) (893) (817)
Intersegment Eliminations [Member] | Chicken [Member]                      
Segment Reporting Information [Line Items]                      
Sales                 $ (52) $ (58) $ (80)
v3.20.4
Disaggregation of Revenue (By Segment and Distribution Channel) (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Disaggregation of Revenue [Line Items]                      
Sales $ 11,460 $ 10,022 $ 10,888 $ 10,815 $ 10,884 $ 10,885 $ 10,443 $ 10,193 $ 43,185 $ 42,405 $ 40,052
Beef [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 15,742 15,828  
Pork [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 5,128 4,932  
Chicken [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 13,234 13,300  
Prepared Foods [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 8,532 8,418  
Other [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 1,856 1,289  
Retail Sales Channel [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 20,817 19,265  
Retail Sales Channel [Member] | Beef [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 8,155 7,420  
Retail Sales Channel [Member] | Pork [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 1,590 1,415  
Retail Sales Channel [Member] | Chicken [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 5,935 5,637  
Retail Sales Channel [Member] | Prepared Foods [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 5,137 4,793  
Retail Sales Channel [Member] | Other [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 0 0  
Foodservice Sales Channel [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 12,054 12,959  
Foodservice Sales Channel [Member] | Beef [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 3,669 4,151  
Foodservice Sales Channel [Member] | Pork [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 403 400  
Foodservice Sales Channel [Member] | Chicken [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 4,892 5,138  
Foodservice Sales Channel [Member] | Prepared Foods [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 3,090 3,270  
Foodservice Sales Channel [Member] | Other [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 0 0  
International Sales Channel [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 5,833 5,399  
International Sales Channel [Member] | Beef [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 2,183 2,426  
International Sales Channel [Member] | Pork [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 1,026 890  
International Sales Channel [Member] | Chicken [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 642 690  
International Sales Channel [Member] | Prepared Foods [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 126 104  
International Sales Channel [Member] | Other [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 1,856 1,289  
Industrial and Other Sales Channel [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 4,481 4,782  
Industrial and Other Sales Channel [Member] | Beef [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 1,345 1,420  
Industrial and Other Sales Channel [Member] | Pork [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 1,244 1,334  
Industrial and Other Sales Channel [Member] | Chicken [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 1,713 1,777  
Industrial and Other Sales Channel [Member] | Prepared Foods [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 179 251  
Industrial and Other Sales Channel [Member] | Other [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 0 0  
Intersegment Eliminations [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 0 0  
Intersegment Eliminations [Member] | Beef [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 390 411  
Intersegment Eliminations [Member] | Pork [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 865 893  
Intersegment Eliminations [Member] | Chicken [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 52 58  
Intersegment Eliminations [Member] | Prepared Foods [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 0 0  
Intersegment Eliminations [Member] | Other [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 0 0  
Intersegment Eliminations [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 (1,307) (1,362) (1,317)
Intersegment Eliminations [Member] | Beef [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 (390) (411) (420)
Intersegment Eliminations [Member] | Pork [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 (865) (893) (817)
Intersegment Eliminations [Member] | Chicken [Member]                      
Disaggregation of Revenue [Line Items]                      
Sales                 $ (52) $ (58) $ (80)
v3.20.4
Segment Reporting (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Nov. 30, 2018
Segment Reporting Information [Line Items]                        
Number of segments                 4      
Goodwill $ 10,899       $ 10,844       $ 10,899 $ 10,844 $ 9,739  
Sales 11,460 $ 10,022 $ 10,888 $ 10,815 10,884 $ 10,885 $ 10,443 $ 10,193 43,185 42,405 40,052  
UNITED STATES                        
Segment Reporting Information [Line Items]                        
Long-lived assets 25,600       24,800       25,600 24,800    
UNITED STATES | Long-Lived Assets Excluding Goodwill and Intangibles [Member]                        
Segment Reporting Information [Line Items]                        
Long-lived assets 8,500       7,500       8,500 7,500    
Non-US [Member]                        
Segment Reporting Information [Line Items]                        
Long-lived assets 1,287       1,107       1,287 1,107    
Non-US [Member] | Long-Lived Assets Excluding Goodwill and Intangibles [Member]                        
Segment Reporting Information [Line Items]                        
Long-lived assets 648       506       648 506    
Export sales [Member] | UNITED STATES                        
Segment Reporting Information [Line Items]                        
Sales                 $ 4,000 $ 4,100 $ 4,200  
Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | UNITED STATES                        
Segment Reporting Information [Line Items]                        
Concentration, Percentage                 95.00% 96.00% 99.00%  
Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | Non-US [Member] | Maximum [Member]                        
Segment Reporting Information [Line Items]                        
Concentration, Percentage                 10.00% 10.00% 10.00%  
Wal-Mart Stores, Inc. [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]                        
Segment Reporting Information [Line Items]                        
Concentration, Percentage                 18.70% 16.90% 17.30%  
Other [Member]                        
Segment Reporting Information [Line Items]                        
Goodwill 392       337       $ 392 $ 337 $ 0  
Sales                 1,856 1,289    
Beef [Member]                        
Segment Reporting Information [Line Items]                        
Goodwill 676       676       676 676 676  
Sales                 15,742 15,828    
Pork [Member]                        
Segment Reporting Information [Line Items]                        
Goodwill 423       423       423 423 423  
Sales                 5,128 4,932    
Chicken [Member]                        
Segment Reporting Information [Line Items]                        
Goodwill 3,274       3,274       3,274 3,274 2,498  
Sales                 13,234 13,300    
Prepared Foods [Member]                        
Segment Reporting Information [Line Items]                        
Goodwill 6,134       $ 6,134       6,134 6,134 6,142  
Sales                 8,532 8,418    
Segment Reconciling Items [Member] | Other [Member]                        
Segment Reporting Information [Line Items]                        
Business Combination, Acquisition Related Costs                 5 36 26  
Sales                 1,856 1,289 305  
Operating Segments [Member] | Beef [Member]                        
Segment Reporting Information [Line Items]                        
Sales                 15,742 15,828 15,473  
Operating Segments [Member] | Pork [Member]                        
Segment Reporting Information [Line Items]                        
Sales                 5,128 4,932 4,879  
Operating Segments [Member] | Chicken [Member]                        
Segment Reporting Information [Line Items]                        
Sales                 13,234 13,300 12,044  
Operating Segments [Member] | Prepared Foods [Member]                        
Segment Reporting Information [Line Items]                        
Sales                 8,532 8,418 8,668  
Intersegment Eliminations [Member]                        
Segment Reporting Information [Line Items]                        
Sales                 (1,307) (1,362) (1,317)  
Intersegment Eliminations [Member] | Beef [Member]                        
Segment Reporting Information [Line Items]                        
Sales                 (390) (411) (420)  
Intersegment Eliminations [Member] | Pork [Member]                        
Segment Reporting Information [Line Items]                        
Sales                 (865) (893) (817)  
Intersegment Eliminations [Member] | Chicken [Member]                        
Segment Reporting Information [Line Items]                        
Sales                 (52) $ (58) $ (80)  
Keystone Foods and Thai & European Operations [Domain]                        
Segment Reporting Information [Line Items]                        
Goodwill $ 342               $ 342      
Keystone Foods [Member]                        
Segment Reporting Information [Line Items]                        
Business Combination, Acquisition Related Costs             $ 11 $ 15        
Goodwill                       $ 1,120
Keystone Foods [Member] | Other [Member]                        
Segment Reporting Information [Line Items]                        
Goodwill                       341
Keystone Foods [Member] | Chicken [Member]                        
Segment Reporting Information [Line Items]                        
Goodwill                       $ 779
v3.20.4
Transactions With Related Parties (Details)
shares in Millions, $ in Millions
 1 Months Ended 12 Months Ended
Aug. 31, 2017
USD ($)
Oct. 03, 2020
USD ($)
shares
Sep. 28, 2019
USD ($)
Sep. 29, 2018
USD ($)
Donald J. Tyson Revocable Trust, Berry Street Waste Water Treatment Plant, LP, and the sisters of Mr. Tyson [Member]        
Related Party Transaction [Line Items]        
Finance Lease, Liability   $ 7.0    
Related Party Transaction, Amounts of Transaction   $ 1.0 $ 1.0 $ 1.0
Donald J. Tyson Revocable Trust, Berry Street Waste Water Treatment Plant, LP, and the sisters of Mr. Tyson [Member] | Water Plant [Member]        
Related Party Transaction [Line Items]        
Related Party Transaction, Number of Operating Leases   2    
Tyson Family Ownership Percentage   90.00%    
Tyson Limited Partnership [Member]        
Related Party Transaction [Line Items]        
Related Party Transaction, Amounts of Transaction   $ 0.2 $ 0.3 0.3
Tyson Limited Partnership [Member] | Class B [Member]        
Related Party Transaction [Line Items]        
Tyson Family Ownership Percentage   99.985%    
Related Party Ownership of Shares Outstanding | shares   70.0    
Tyson Limited Partnership And Tyson Family [Member]        
Related Party Transaction [Line Items]        
Related Party Voting Rights Percentage   71.06%    
Tyson Limited Partnership And Tyson Family [Member] | Class A [Member]        
Related Party Transaction [Line Items]        
Tyson Family Ownership Percentage   2.23%    
Related Party Ownership of Shares Outstanding | shares   6.6    
Donald Smith and John Randal Tyson [Member] | Buchan, Ltd [Member]        
Related Party Transaction [Line Items]        
Related Party Transaction, Amounts of Transaction $ 5.0      
Equity Method Investment, Ownership Percentage 17.50%      
Due from Joint Ventures, Current       $ 9.0
v3.20.4
Commitments (Future Purchase Commitments) (Details)
$ in Millions
Oct. 03, 2020
USD ($)
Unrecorded Unconditional Purchase Obligation [Line Items]  
Unrecorded Unconditional Purchase Obligation, to be Paid, Year One $ 2,371
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two 414
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Three 253
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Four 111
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Five 79
Unrecorded Unconditional Purchase Obligation, to be Paid, after Year Five 152
Unrecorded Unconditional Purchase Obligation $ 3,380
v3.20.4
Commitments (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Guarantor Obligations [Line Items]      
Cash Flow Assistance Program, Estimated Allowance For Uncollectible Receivables $ 0 $ 0  
Restricted Cash 46 0 $ 0
Guarantor Obligations, Current Carrying Value 0 0  
Potential maximum obligation under cash flow assistance program 320    
Total receivables under cash flow assistance program 29 $ 5  
Industrial Revenue Bonds [Member]      
Guarantor Obligations [Line Items]      
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Asset $ 573    
Guarantee Obligations [Member]      
Guarantor Obligations [Line Items]      
Guarantor Obligations, Maximum Exposure, Period 10 years    
Maximum potential amount $ 13    
v3.20.4
Contingencies (Narrative) (Details) - Republic of the Philippines, Department of Labor and Employment and the National Labor Relations Commission [Member]
 12 Months Ended
Dec. 21, 2016
PHP (₱)
Plantiffs
Dec. 21, 2016
USD ($)
Plantiffs
Nov. 29, 2016
PHP (₱)
Plantiffs
Nov. 29, 2016
USD ($)
Plantiffs
Dec. 31, 2004
PHP (₱)
Dec. 31, 2004
USD ($)
Jun. 23, 2014
PHP (₱)
Jun. 23, 2014
USD ($)
Loss Contingencies [Line Items]                
Loss contingency, damages awarded     ₱ 14,858,495,937 $ 306,000,000 ₱ 3,453,664,710 $ 71,000,000    
Loss Contingency, Number of Plaintiffs, Award Increase     4,922 4,922        
Estimated Percentage of Settling Complainants 18.00% 18.00%            
Loss Contingency, Number of Plaintiffs 5,984 5,984 5,984 5,984        
Loss Contingency, Estimate of Possible Loss Per Complainant ₱ 68,000 $ 1,400            
Maximum [Member]                
Loss Contingencies [Line Items]                
Loss Contingency, Estimate of Possible Loss             ₱ 342,287,800 $ 7,000,000
v3.20.4
Quarterly Financial Data (Unaudited) (Schedule Of Quarterly Financial Information) (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Sep. 30, 2017
Sales $ 11,460 $ 10,022 $ 10,888 $ 10,815 $ 10,884 $ 10,885 $ 10,443 $ 10,193 $ 43,185 $ 42,405 $ 40,052  
Gross profit 1,610 1,313 1,021 1,440 1,139 1,336 1,192 1,355 5,384 5,022 5,096  
Selling, General and Administrative Expense 648 540 506 682 531 545 600 576 2,376 2,252 2,127  
Operating Income (Loss) 962 773 515 758 608 791 592 779 3,008 2,770 2,969  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 837 665 505 657 470 734 485 685 2,664 2,374 2,682  
Income Tax Expense (Benefit) 180 139 126 148 95 45 87 154 593 381 (291)  
Net Income 657 526 379 509 375 689 398 531 2,071 1,993 2,973  
Net Income Attributable to Tyson $ 654 $ 526 $ 376 $ 505 $ 372 $ 684 $ 394 $ 530 $ 2,061 $ 1,980 $ 2,970  
Diluted (USD per share) $ 1.79 $ 1.44 $ 1.03 $ 1.38 $ 1.01 $ 1.87 $ 1.08 $ 1.44 $ 5.64 $ 5.40 $ 8.04  
Other Comprehensive Income (Loss) $ 657 $ 526 $ 379 $ 509 $ 375 $ 689 $ 398 $ 531 $ (62) $ (102) $ (44)  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 695 539 228 547 264 679 420 528 2,009 1,891 2,929  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 692 539 225 543 261 674 416 527 1,999 1,878 2,926  
Inventory, Net 3,859 3,680 3,792 4,057 3,929 3,966 3,706 3,627 3,859 3,929    
Assets, Current 7,598 7,464 6,866 6,946 6,990 7,250 6,183 6,151 7,598 6,990    
Total Assets 34,456 34,323 33,657 33,564 32,918 33,482 32,305 32,185 34,456 32,918 28,987  
Deferred Income Tax Liabilities, Net 2,317 2,308 2,323 2,306 2,309 2,290 2,228 2,291 2,317 2,309    
Retained earnings 15,100 14,596 14,220 13,994 13,655 13,418 12,869 12,608 15,100 13,655 12,239  
Total Tyson Shareholders’ Equity 15,254 14,685 14,277 14,235 13,950 13,793 13,280 13,016 15,254 13,950    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 15,386 14,831 14,422 14,382 14,094 14,006 13,415 13,148 15,386 14,094 12,721  
Liabilities and Equity 34,456 34,323 33,657 33,564 32,918 33,482 32,305 32,185 34,456 32,918    
Previously Reported                        
Selling, General and Administrative Expense 598 538 520 614 535 555 557 548 2,270 2,195 2,064  
Operating Income (Loss) 1,012 775 501 826 604 781 635 807 3,114 2,827 3,032  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 887 667 491 725 466 724 528 713 2,770 2,431 2,745  
Income Tax Expense (Benefit) 192 140 124 164 94 43 98 161 620 396 (282)  
Net Income 695 527 367 561 372 681 430 552 2,150 2,035 3,027  
Net Income Attributable to Tyson $ 692 $ 527 $ 364 $ 557 $ 369 $ 676 $ 426 $ 551 $ 2,140 $ 2,022 $ 3,024  
Diluted (USD per share) $ 1.90 $ 1.44 $ 1.00 $ 1.52 $ 1.01 $ 1.84 $ 1.17 $ 1.50 $ 5.86 $ 5.52 $ 8.19  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 733 $ 540 $ 216 $ 599 $ 261 $ 671 $ 452 $ 549 $ 2,088 $ 1,933 $ 2,983  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 730 540 213 595 258 666 448 548 2,078 1,920 2,980  
Inventory, Net 4,144 3,915 4,025 4,304 4,108 4,149 3,899 3,777 4,144 4,108    
Assets, Current 7,883 7,699 7,099 7,193 7,169 7,433 6,376 6,301 7,883 7,169    
Total Assets 34,741 34,558 33,890 33,811 33,097 33,665 32,498 32,335 34,741 33,097    
Deferred Income Tax Liabilities, Net 2,391 2,370 2,384 2,369 2,356 2,338 2,278 2,330 2,391 2,356    
Retained earnings 15,311 14,769 14,392 14,178 13,787 13,553 13,012 12,719 15,311 13,787 12,329  
Total Tyson Shareholders’ Equity 15,465 14,858 14,449 14,419 14,082 13,928 13,423 13,127 15,465 14,082    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 15,597 15,004 14,594 14,566 14,226 14,141 13,558 13,259 15,597 14,226    
Liabilities and Equity 34,741 34,558 33,890 33,811 33,097 33,665 32,498 32,335 34,741 33,097    
Revision of Prior Period, Adjustment [Member]                        
Selling, General and Administrative Expense 50 2 (14) 68 (4) (10) 43 28 106 57 63  
Operating Income (Loss) (50) (2) 14 (68) 4 10 (43) (28) (106) (57) (63)  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (50) (2) 14 (68) 4 10 (43) (28) (106) (57) (63)  
Income Tax Expense (Benefit) (12) (1) 2 (16) 1 2 (11) (7) (27) (15) (9)  
Net Income (38) (1) 12 (52) 3 8 (32) (21) (79) (42) (54)  
Net Income Attributable to Tyson $ (38) $ (1) $ 12 $ (52) $ 3 $ 8 $ (32) $ (21) $ (79) $ (42) $ (54)  
Diluted (USD per share) $ (0.11) $ 0 $ 0.03 $ (0.14) $ 0 $ 0.03 $ (0.09) $ (0.06) $ (0.22) $ (0.12) $ (0.15)  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ (38) $ (1) $ 12 $ (52) $ 3 $ 8 $ (32) $ (21) $ (79) $ (42) $ (54)  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent (38) (1) 12 (52) 3 8 (32) (21) (79) (42) $ (54)  
Inventory, Net (285) (235) (233) (247) (179) (183) (193) (150) (285) (179)    
Assets, Current (285) (235) (233) (247) (179) (183) (193) (150) (285) (179)    
Total Assets (285) (235) (233) (247) (179) (183) (193) (150) (285) (179)    
Deferred Income Tax Liabilities, Net (74) (62) (61) (63) (47) (48) (50) (39) (74) (47)    
Retained earnings (211) (173) (172) (184) (132) (135) (143) (111) (211) (132)    
Total Tyson Shareholders’ Equity (211) (173) (172) (184) (132) (135) (143) (111) (211) (132)    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (211) (173) (172) (184) (132) (135) (143) (111) (211) (132)    
Liabilities and Equity $ (285) $ (235) $ (233) $ (247) $ (179) $ (183) $ (193) $ (150) $ (285) $ (179)    
Class A [Member]                        
Basic (USD per share) $ 1.83 $ 1.48 $ 1.06 $ 1.42 $ 1.04 $ 1.92 $ 1.11 $ 1.49 $ 5.79 $ 5.56 $ 8.29  
Total Tyson Shareholders’ Equity $ 38       $ 38       $ 38 $ 38 $ 38 $ 38
Class A [Member] | Previously Reported                        
Basic (USD per share) $ 1.95 1.48 1.03 1.56 $ 1.03 1.90 1.20 1.54 $ 6.02 $ 5.67 $ 8.44  
Class A [Member] | Revision of Prior Period, Adjustment [Member]                        
Basic (USD per share) (0.12) 0 0.03 (0.14) 0.01 0.02 (0.09) (0.05) (0.23) (0.11) (0.15)  
Class B [Member]                        
Basic (USD per share) $ 1.66 1.33 0.95 1.27 $ 0.93 1.73 0.99 1.34 $ 5.21 $ 4.99 $ 7.46  
Total Tyson Shareholders’ Equity $ 7       $ 7       $ 7 $ 7 $ 7 $ 7
Class B [Member] | Previously Reported                        
Basic (USD per share) $ 1.76 1.33 0.92 1.40 $ 0.93 1.71 1.07 1.39 $ 5.41 $ 5.10 $ 7.59  
Class B [Member] | Revision of Prior Period, Adjustment [Member]                        
Basic (USD per share) $ (0.10) $ 0 $ 0.03 $ (0.13) $ 0 $ 0.02 $ (0.08) $ (0.05) $ (0.20) $ (0.11) $ (0.13)  
v3.20.4
Quarterly Financial Data (Unaudited) (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Quarterly Financial Data [Line Items]                      
Restructuring and Related Cost, Incurred Cost                 $ 77 $ 41 $ 59
Pretax Income from 53 week accounting cycle $ 65                    
Asset Impairment Charges                 48 94 175
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions                 5 $ 21 $ 8
Activity From Fire Related Damages [Domain]                      
Quarterly Financial Data [Line Items]                      
Other Nonrecurring (Income) Expense   $ 15   $ 16 $ 31            
After Tax [Member]                      
Quarterly Financial Data [Line Items]                      
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions           $ 105          
Equity Securities [Member]                      
Quarterly Financial Data [Line Items]                      
Gain on Sale of Investments           55          
Pension Plan [Member]                      
Quarterly Financial Data [Line Items]                      
Defined Benefit Plan, Gain from Providing Special and Contractual Termination Benefits   $ 6 $ 110           $ 112    
Pension Cost (Reversal of Cost)         15            
Keystone Foods [Member]                      
Quarterly Financial Data [Line Items]                      
Business Combination, Acquisition Related Costs             $ 11 $ 15      
Business Acquisition, Expense from Purchase Accounting and Acquisition Related Costs               26      
Fair Value Adjustment to Inventory [Member] | Keystone Foods [Member]                      
Quarterly Financial Data [Line Items]                      
Business Acquisition, Fair Value Inventory Adjustment               11      
Financial Fitness Program [Member]                      
Quarterly Financial Data [Line Items]                      
Restructuring and Related Cost, Incurred Cost $ 23     $ 52 10 $ 15 $ 8 $ 8      
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] | Keystone Further Processing Facility [Member]                      
Quarterly Financial Data [Line Items]                      
Asset Impairment Charges         $ 41            
v3.20.4
Valuation And Qualifying Accounts (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Allowance for Doubtful Accounts [Member]      
Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at Beginning of Period $ 21 $ 19 $ 34
Charged to Costs and Expenses 9 4 3
Charged to Other Accounts 0 0 0
(Deductions) (4) (2) (18)
Balance at End of Period 26 21 19
Inventory Lower of Cost or Market Allowance [Member]      
Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at Beginning of Period 34 25 3
Charged to Costs and Expenses 102 61 68
Charged to Other Accounts 0 0 0
(Deductions) (109) (52) (46)
Balance at End of Period 27 34 25
Valuation Allowance on Deferred Tax Assets [Member]      
Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at Beginning of Period 86 79 75
Charged to Costs and Expenses 35 13 12
Charged to Other Accounts 13 6 0
(Deductions) (7) (12) (8)
Balance at End of Period $ 127 $ 86 $ 79
v3.20.4
Label Element Value
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $ 318,000,000