TYSON FOODS, INC., 10-K filed on 11/10/2025
Annual Report
v3.25.3
Document and Entity Information - USD ($)
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Oct. 25, 2025
Mar. 29, 2025
Document And Entity Information [Abstract]          
Document Type 10-K        
Document Type 10-K        
Document Period End Date Sep. 27, 2025        
Document Transition Report false        
Entity File Number 001-14704        
Entity Registrant Name TYSON FOODS, INC.        
Entity Incorporation, State or Country Code DE        
Entity Tax Identification Number 71-0225165        
Entity Address, Address Line One 2200 West Don Tyson Parkway,        
Entity Address, City or Town Springdale,        
Entity Address, State or Province AR        
Entity Address, Postal Zip Code 72762-6999        
City Area Code (479)        
Local Phone Number 290-4000        
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        
Entity Filer Category Large Accelerated Filer        
Entity Small Business false        
Entity Emerging Growth Company false        
ICFR Auditor Attestation Flag true        
Entity Shell Company false        
Document Annual Report true        
Entity Central Index Key 0000100493        
Current Fiscal Year End Date --09-27        
Document Fiscal Year Focus 2025        
Document Fiscal Period Focus FY        
Amendment Flag false        
Entity Public Float         $ 17,422,448,530
Document Financial Statement Error Correction [Flag] false        
Document Information [Line Items]          
Entity Public Float         17,422,448,530
Wal Mart Stores Inc Member | Revenue Benchmark | Customer Concentration Risk          
Concentration Risk, Percentage 18.70% 18.40% 18.60%    
Class A [Member]          
Entity Common Stock, Shares Outstanding       283,045,085  
Entity Public Float         17,421,886,888
Document Information [Line Items]          
Entity Public Float         17,421,886,888
Class B [Member]          
Entity Common Stock, Shares Outstanding       70,009,005  
Entity Public Float         561,642
Document Information [Line Items]          
Entity Public Float         $ 561,642
v3.25.3
Audit Information
12 Months Ended
Sep. 27, 2025
Auditor [Line Items]  
Auditor Location Springdale, Arkansas
Auditor Name PricewaterhouseCoopers LLP
v3.25.3
Consolidated Condensed Statements Of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Sales $ 54,441 $ 53,309 $ 52,881
Cost of Sales 50,879 49,682 50,250
Gross Profit 3,562 3,627 2,631
Operating Expenses:      
Selling, General and Administrative 2,121 2,218 2,245
Goodwill, Impairment Loss 343 0 781
Operating Income (Loss) 1,098 1,409 (395)
Other (Income) Expense:      
Interest income (73) (89) (30)
Interest expense 449 481 355
Other, net (47) (75) (42)
Total Other (Income) Expense 329 317 283
Income before Income Taxes 769 1,092 (678)
Income Tax Expense 262 270 (29)
Net Income 507 822 (649)
Less: Net Income Attributable to Noncontrolling Interests 33 22 (1)
Net Income Attributable to Tyson $ 474 $ 800 $ (648)
Weighted Average Shares Outstanding:      
Diluted, Shares 357 356 284
Net Income Per Share Attributable to Tyson:      
Diluted (USD per share) $ 1.33 $ 2.25 $ (1.87)
Class A [Member]      
Weighted Average Shares Outstanding:      
Basic, Shares 285 284 284
Net Income Per Share Attributable to Tyson:      
Basic (USD per share) $ 1.37 $ 2.31 $ (1.87)
Class B [Member]      
Weighted Average Shares Outstanding:      
Basic, Shares 70 70 70
Net Income Per Share Attributable to Tyson:      
Basic (USD per share) $ 1.22 $ 2.06 $ (1.68)
v3.25.3
Consolidated Condensed Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Statement of Comprehensive Income [Abstract]      
Net Income $ 507 $ 822 $ (649)
Other Comprehensive Income (Loss), Net of Taxes:      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax (7) (5) 2
Investments 0 4 1
Currency translation (4) 100 29
Postretirement benefits 4 (9) 5
Total Other Comprehensive Income (Loss), Net of Taxes (7) 90 37
Comprehensive Income 500 912 (612)
Less: Comprehensive Income Attributable to Noncontrolling Interests 33 36 (1)
Comprehensive Income Attributable to Tyson $ 467 $ 876 $ (611)
v3.25.3
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 27, 2025
Sep. 28, 2024
Assets    
Cash and cash equivalents $ 1,229 $ 1,717
Accounts receivable, net 2,524 2,406
Inventories 5,681 5,195
Other current assets 482 433
Total Current Assets 9,916 9,751
Net Property, Plant and Equipment 9,204 9,442
Goodwill, net 9,469 9,819
Intangible Assets, net 5,624 5,875
Other Assets 2,445 2,213
Total Assets 36,658 37,100
Liabilities and Shareholders' Equity    
Current debt 909 74
Accounts payable 2,601 2,402
Other current liabilities 2,879 2,311
Total Current Liabilities 6,389 4,787
Total long-term debt 7,921 9,713
Deferred Income Taxes 2,195 2,285
Other Liabilities 1,926 1,801
Shareholders' Equity:    
Capital in excess of par value 4,686 4,597
Retained earnings 18,647 18,873
Accumulated other comprehensive gain (loss) (191) (184)
Treasury stock, at cost – 88 million shares at October 1, 2022 and 83 million shares at October 2, 2021 (5,102) (4,941)
Total Tyson Shareholders’ Equity 18,085 18,390
Noncontrolling Interests 142 124
Total Shareholders’ Equity 18,227 18,514
Total Liabilities and Shareholders’ Equity 36,658 37,100
Class A [Member]    
Shareholders' Equity:    
Common stock ($0.10 par value): 38 38
Class B [Member]    
Shareholders' Equity:    
Common stock ($0.10 par value): $ 7 $ 7
v3.25.3
Consolidated Condensed Balance Sheets (Parentheticals) - $ / shares
shares in Millions
Sep. 27, 2025
Sep. 28, 2024
Treasury Stock, Common, Shares 92 92
Class A [Member]    
Common stock, par value $ 0.10 $ 0.10
Common stock, shares authorized 900 900
Common stock, shares issued 378 378
Class B [Member]    
Common stock, par value $ 0.10 $ 0.10
Common stock, shares authorized 900 900
Common stock, shares issued 70 70
v3.25.3
Consolidated Condensed Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Capital in Excess of Par Value:
Retained Earnings:
Accumulated Other Comprehensive Income (Loss), Net of Tax:
Treasury Stock, Common
Total Shareholders’ Equity Attributable to Tyson
Equity Attributable to Noncontrolling Interests:
Class B [Member]
Class A [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares         88.0        
Balance at end of quarter, Total Shareholders' Equity             $ 109    
Common Stock, Value, Issued               $ 7 $ 38
Balance at beginning of year, Common Stock Shares at Oct. 01, 2022               70.0 378.0
Balance at beginning of year, Shareholders' Equity Attributable to Tyson at Oct. 01, 2022   $ 4,553 $ 20,084 $ (297) $ (4,683)        
Balance at beginning of year, Treasury Stock shares at Oct. 01, 2022         88.0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation and Other   7     $ 65        
Net income attributable to Tyson $ (648)   (648)            
Dividends     (676)         $ (122) $ (554)
Total Other Comprehensive Income (Loss), Net of Taxes 37                
Purchase of Class A common stock, shares         6.0       5.6
Payments for Repurchase of Common Stock         $ (354)       $ (354)
Stock-based compensation, shares         (2.0)        
Net income attributable to noncontrolling interests (1)           1    
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders             (14)    
Noncontrolling Interest, Increase from Business Combination             28    
Noncontrolling Interest, Increase from Currency Translation and Other             0    
Balance at end of year, Common Stock Shares at Sep. 30, 2023               70.0 378.0
Balance at end of year, Shareholders' Equity Attributable to Tyson at Sep. 30, 2023   4,560 18,760 (260) $ (4,972) $ 18,133      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent       37          
Balance at end of year, Treasury Stock shares at Sep. 30, 2023         92.0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares         92.0        
Balance at end of quarter, Total Shareholders' Equity 18,255           122    
Common Stock, Value, Issued               $ 7 $ 38
Stock-based compensation and Other   37     $ 80        
Net income attributable to Tyson 800   800            
Dividends     (687)         $ (124) $ (563)
Total Other Comprehensive Income (Loss), Net of Taxes 90                
Purchase of Class A common stock, shares         1.0       0.9
Payments for Repurchase of Common Stock         $ (49)       $ (49)
Stock-based compensation, shares         (1.0)        
Net income attributable to noncontrolling interests 22           (22)    
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders             (35)    
Noncontrolling Interest, Increase from Business Combination             1    
Noncontrolling Interest, Increase from Currency Translation and Other             14    
Balance at end of year, Common Stock Shares at Sep. 28, 2024               70.0 378.0
Balance at end of year, Shareholders' Equity Attributable to Tyson at Sep. 28, 2024 $ 18,390 4,597 18,873 (184) $ (4,941) 18,390      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent       76          
Balance at end of year, Treasury Stock shares at Sep. 28, 2024 92.0       92.0        
Balance at end of year, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 28, 2024 $ 124                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares 92.0       92.0        
Balance at end of quarter, Total Shareholders' Equity $ 18,514           124    
Common Stock, Value, Issued               $ 7 $ 38
Restricted Cash and Cash Equivalent, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets                
Stock-based compensation and Other   89     $ 35        
Net income attributable to Tyson $ 474   474            
Dividends     (700)         $ (126) $ (574)
Total Other Comprehensive Income (Loss), Net of Taxes (7)                
Purchase of Class A common stock, shares         4.0       3.5
Payments for Repurchase of Common Stock         $ (196)       $ (196)
Stock-based compensation, shares         (1.0)        
Net income attributable to noncontrolling interests 33           (33)    
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders             (15)    
Noncontrolling Interest, Increase from Business Combination             0    
Noncontrolling Interest, Increase from Currency Translation and Other             0    
Balance at end of year, Common Stock Shares at Sep. 27, 2025               70.0 378.0
Balance at end of year, Shareholders' Equity Attributable to Tyson at Sep. 27, 2025 $ 18,085 $ 4,686 $ 18,647 (191) $ (5,102) $ 18,085      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent       $ (7)          
Balance at end of year, Treasury Stock shares at Sep. 27, 2025 92.0       95.0        
Balance at end of year, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 27, 2025 $ 142                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares 92.0       95.0        
Balance at end of quarter, Total Shareholders' Equity $ 18,227           $ 142    
Common Stock, Value, Issued               $ 7 $ 38
Restricted Cash and Cash Equivalent, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets                
v3.25.3
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:      
Net Income $ 507 $ 822 $ (649)
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]      
Depreciation 1,093 1,159 1,100
Amortization 268 241 239
Deferred income taxes (76) (45) (183)
Gain on Sale of Property, Plant, and Equipment (107) 0 0
Goodwill, Impairment Loss 343 0 781
Other Asset Impairment Charges 126 131 101
Stock-based compensation expense 100 101 61
Other, net 7 (43) 115
Increase (Decrease) in Accounts Receivable 121 (59) (136)
Increase (Decrease) in Inventories 449 (153) (175)
Increase (Decrease) in Accounts Payable 184 (205) 47
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable 7 89 108
Increase (Decrease) in Other Operating Assets and Liabilities, Net (273) (128) 279
Cash Provided by Operating Activities 2,155 2,590 1,752
Cash Flows From Investing Activities:      
Additions to property, plant and equipment (978) (1,132) (1,939)
Purchases of marketable securities (66) (38) (34)
Proceeds from sale of marketable securities 62 35 32
Proceeds from Sale of Property, Plant, and Equipment 252 0 0
Acquisitions, net of cash acquired 0 0 (262)
Proceeds from sale of businesses 0 174 0
Payments to Acquire Equity Method Investments (11) (29) (115)
Other, net 76 102 19
Cash Used for Investing Activities (665) (888) (2,299)
Cash Flows From Financing Activities:      
Proceeds from issuance of debt 175 2,415 1,130
Repayments on debt 1,262 1,641 603
Proceeds from Issuance of Commercial Paper 0 1,694 7,693
Repayments of Commercial Paper 0 2,285 7,103
Dividends (697) (684) (670)
Stock options exercised 21 14 11
Other, net (18) (45) (16)
Cash Used for Financing Activities $ (1,977) $ (581) $ 88
Effective Income Tax Rate Reconciliation, Net Unrecognized Tax Benefits, Percent 1.20% 0.70% 1.80%
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance $ 1,717 $ 573 $ 1,031
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance 1,229 1,717 573
Goodwill, Impairment Loss 343 0 781
Effect of Exchange Rate on Cash (1) 23 1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (488) 1,144 (458)
Restricted Cash 0 0 0
Cash and cash equivalents 1,229 1,717 573
Class A [Member]      
Cash Flows From Financing Activities:      
Purchases of Tyson Class A common stock (196) (49) (354)
Payments for Repurchase of Common Stock $ 196 $ 49 $ 354
v3.25.3
Statement of Cash Flows, Supplemental Disclosures (Statement) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract]      
Interest Paid, Excluding Capitalized Interest, Operating Activity $ 402 $ 460 $ 340
Income Taxes Paid, Net $ 331 $ 227 $ 46
v3.25.3
Other Comprehensive Income (Loss)
12 Months Ended
Sep. 27, 2025
Statement of Comprehensive Income [Abstract]  
Other Comprehensive Income (Loss) COMPREHENSIVE INCOME (LOSS)
The components of accumulated other comprehensive income (loss) as of September 27, 2025 and September 28, 2024 are as follows (in millions):
 20252024
Accumulated other comprehensive income (loss), net of taxes:
Unrealized net hedging loss$(22)$(15)
Unrealized net gain (loss) on investments(1)(1)
Currency translation adjustment(170)(152)
Postretirement benefits reserve adjustments(2)
Total accumulated other comprehensive income (loss)$(191)$(170)
The before and after tax changes in the components of other comprehensive income (loss) are as follows for fiscal years ended 2025, 2024 and 2023 (in millions):
202520242023
Before TaxTaxAfter TaxBefore TaxTaxAfter TaxBefore TaxTaxAfter Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to interest expense$$— $$$— $$$— $
(Gain) loss reclassified to cost of sales
33 (9)24 — — — — 
Unrealized gain (loss)(44)11 (33)(9)(7)— — — 
Investments:
Unrealized gain (loss)
— — — (1)— 
Currency translation:
Translation adjustment (a)
(9)(7)103 (3)100 29 — 29 
Translation loss reclassified to cost of sales— — — — — — — 
Postretirement benefits:
Unrealized gain (loss)(1)(12)(9)(1)
Total other comprehensive income (loss)$(10)$$(7)$89 $$90 $38 $(1)$37 
v3.25.3
Statement of Cash Flows, Supplemental Disclosures
12 Months Ended
Sep. 27, 2025
Supplemental Cash Flow Elements [Abstract]  
Cash Flow, Supplemental Disclosures SUPPLEMENTAL CASH FLOWS INFORMATION
The following table summarizes cash payments for interest and income taxes for fiscal years ended 2025, 2024 and 2023 (in millions):
202520242023
Interest, net of amounts capitalized$402 $460 $340 
Income taxes, net of refunds331 227 46 
v3.25.3
Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Sep. 27, 2025
Statement of Comprehensive Income [Abstract]  
Components Of Other Comprehensive Income (Loss)
The before and after tax changes in the components of other comprehensive income (loss) are as follows for fiscal years ended 2025, 2024 and 2023 (in millions):
202520242023
Before TaxTaxAfter TaxBefore TaxTaxAfter TaxBefore TaxTaxAfter Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to interest expense$$— $$$— $$$— $
(Gain) loss reclassified to cost of sales
33 (9)24 — — — — 
Unrealized gain (loss)(44)11 (33)(9)(7)— — — 
Investments:
Unrealized gain (loss)
— — — (1)— 
Currency translation:
Translation adjustment (a)
(9)(7)103 (3)100 29 — 29 
Translation loss reclassified to cost of sales— — — — — — — 
Postretirement benefits:
Unrealized gain (loss)(1)(12)(9)(1)
Total other comprehensive income (loss)$(10)$$(7)$89 $$90 $38 $(1)$37 
Schedule of Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) as of September 27, 2025 and September 28, 2024 are as follows (in millions):
 20252024
Accumulated other comprehensive income (loss), net of taxes:
Unrealized net hedging loss$(22)$(15)
Unrealized net gain (loss) on investments(1)(1)
Currency translation adjustment(170)(152)
Postretirement benefits reserve adjustments(2)
Total accumulated other comprehensive income (loss)$(191)$(170)
v3.25.3
Statement of Cash Flows, Supplemental Disclosures (Tables)
12 Months Ended
Sep. 27, 2025
Supplemental Cash Flow Elements [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
The following table summarizes cash payments for interest and income taxes for fiscal years ended 2025, 2024 and 2023 (in millions):
202520242023
Interest, net of amounts capitalized$402 $460 $340 
Income taxes, net of refunds331 227 46 
v3.25.3
Other Comprehensive Income (Loss) (Components Of Other Comprehensive Income (Loss)) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Other Comprehensive Income Loss [Line Items]      
Total Other Comprehensive Income (Loss), Before Tax $ (10) $ 89 $ 38
Total Other Comprehensive Income (Loss), Tax 3 1 (1)
Total Other Comprehensive Income (Loss), Net of Taxes (7) 90 37
Currency translation (4) 100 29
Investments:      
Other Comprehensive Income Loss [Line Items]      
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax 0 5 1
Other Comprehensive Income (Loss), Before Reclassifications, Tax 0 (1) 0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 0 4 1
Currency translation:      
Other Comprehensive Income Loss [Line Items]      
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax (9) 103 29
Other Comprehensive Income (Loss), Before Reclassifications, Tax 2 (3) 0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax (7) 100 29
Currency translation: | Cost of Sales      
Other Comprehensive Income Loss [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Before Tax 3 0 0
Reclassification from AOCI, Current Period, Tax 0 0 0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 3 0 0
Postretirement benefits:      
Other Comprehensive Income Loss [Line Items]      
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax 5 (12) 6
Other Comprehensive Income (Loss), Before Reclassifications, Tax (1) 3 (1)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 4 (9) 5
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent      
Other Comprehensive Income Loss [Line Items]      
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax (44) (9) 0
Other Comprehensive Income (Loss), Before Reclassifications, Tax 11 2 0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax (33) (7) 0
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Interest Expense [Member]      
Other Comprehensive Income Loss [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Before Tax 2 1 2
Reclassification from AOCI, Current Period, Tax 0 0 0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 2 1 2
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Cost of Sales      
Other Comprehensive Income Loss [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Before Tax 33 1 0
Reclassification from AOCI, Current Period, Tax (9) 0 0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax $ 24 1 $ 0
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest      
Other Comprehensive Income Loss [Line Items]      
Currency translation   $ 14  
v3.25.3
Other Comprehensive Income (Loss) (Schedule of Accumulated Other Comprehensive Income(Loss)) - USD ($)
$ in Millions
Sep. 27, 2025
Sep. 28, 2024
Other Comprehensive Income Loss [Line Items]    
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax $ 22 $ 15
AOCI, Debt Securities, Available-for-Sale, Adjustment, after Tax 1 1
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax 170 152
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax 2 (2)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total $ (191) (184)
AOCI Attributable to Noncontrolling Interest    
Other Comprehensive Income Loss [Line Items]    
AOCI Including Portion Attributable to Noncontrolling Interest, Period Increase (Decrease)   $ (170)
v3.25.3
Changes in Accounting Principles
12 Months Ended
Sep. 27, 2025
Accounting Changes and Error Corrections [Abstract]  
Changes in Accounting Principles CHANGES IN ACCOUNTING PRINCIPLES
In November 2023, the FASB issued authoritative guidance to improve the disclosures about a public entity's reportable segments and address requests from investors for additional, more detailed information about a reportable segment's expenses. The guidance is effective for annual reporting periods beginning after December 15, 2023, our fiscal 2025, and interim reporting periods within fiscal years beginning after December 15, 2024, our fiscal 2026. Amendments will be applied retrospectively to all prior periods presented in the financial statements. We adopted this guidance and included the required disclosure in the notes to our annual consolidated financial statements for our fiscal year ending September 27, 2025.
In March 2023, the FASB issued authoritative guidance intended to address issues related to arrangements between entities under common control such as terms and conditions an entity should consider for determining whether a lease exists and the classification and accounting for that lease as well as accounting for leasehold improvements associated with leases between entities under common control. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2023, our fiscal 2025 and can be applied using either the prospective or retrospective approach. The adoption of this guidance did not have a material impact on our consolidated financial statements.
In September 2022, the FASB issued guidance that requires additional disclosures for supplier finance programs to allow users to better understand the nature, activity and potential magnitude of the programs. The guidance, except for a requirement for rollforward information, is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2022, our fiscal 2024. Disclosure of rollforward information is effective for fiscal years beginning after December 15, 2023, our fiscal 2025. Early adoption is permitted and the retrospective transition method should be applied for all amendments except rollforward information, which should be applied prospectively. We elected to early adopt the initial disclosure requirement for the fiscal year ended September 30, 2023, and it did not have a material impact on our consolidated financial statements. We adopted the rollforward requirement in the notes to our annual consolidated financial statements for the fiscal year ended September 27, 2025.
In November 2021, the FASB issued authoritative guidance intended to provide consistent and transparent disclosures around government assistance by requiring disclosures of the type of government assistance, our method of accounting for the government assistance and the effect on our financial statements. This guidance is effective for annual reporting periods beginning after December 15, 2021, our fiscal 2023, and can be applied using either the prospective or retrospective approach. We adopted this guidance for the fiscal year ended September 30, 2023, and it did not have a material impact on our consolidated financial statements as amounts received from government assistance programs were not material.
v3.25.3
Acquisitions and Dispositions
12 Months Ended
Sep. 27, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions and Dispositions ACQUISITIONS AND DISPOSITIONS
Acquisitions
In the third quarter of fiscal 2023, we acquired Williams Sausage Company for $220 million, net of cash acquired, as part of our growth strategy to increase our capacity and product portfolio. Its results, subsequent to the acquisition closing, are included in our Prepared Foods segment and through September 27, 2025 were insignificant to our Consolidated Statements of Income. The purchase price allocation included $15 million of net working capital, including $3 million of cash acquired, $67 million of Property, Plant and Equipment, $107 million of Goodwill, $65 million of Intangible Assets, and $31 million of Deferred Income Taxes. Intangible Assets include brands and trademarks and customer relationships which will be amortized over a life of 20 and 12 years, respectively. $50 million of the goodwill is deductible for U.S. income tax purposes. The acquisition of Williams Sausage Company was accounted for using the acquisition method of accounting.
In the first quarter of fiscal 2023, we completed the acquisition of a 60% equity stake in Supreme Foods Processing Company ("SFPC"), a producer and distributor of value-added and cooked chicken and beef products, and a 15% equity stake in Agricultural Development Company ("ADC"), a fully integrated poultry company, for a total purchase price of $75 million, net of cash acquired. Both SFPC and ADC were subsidiaries of Tanmiah Food Company. The results of SFPC, subsequent to the acquisition closing, are included in International/Other for segment presentation and through September 27, 2025 were insignificant to our Consolidated Statements of Income. We are accounting for the investment in ADC under the equity method.
Acquisition of equity method investments in fiscal 2023, which totaled $115 million, primarily included ADC and the purchase of a minority interest in a global insect-based ingredients company as well as deferred payments related to a prior year investment.
Dispositions
In the fourth quarter of fiscal 2024, we completed the sale of our Vienna, Georgia facility, which was included in our Chicken segment, for $174 million. As a result of the sale, we recorded a pretax gain of $16 million, which was reflected in Cost of Sales in our Consolidated Statement of Income for our fiscal 2024. The facility's $158 million carrying value primarily consisted of fixed assets and inventory, and included $63 million of goodwill that was not deductible for tax purposes. The Company concluded the sale of the facility was not a significant disposal and did not represent a strategic shift, and therefore, was not classified as a discontinued operation for any of the periods presented.
v3.25.3
Property, Plant And Equipment
12 Months Ended
Sep. 27, 2025
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 as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Land$209 $220 
Building and leasehold improvements7,079 6,981 
Machinery and equipment12,015 11,457 
Land improvements and other575 600 
Buildings and equipment under construction509 705 
20,387 19,963 
Less accumulated depreciation11,183 10,521 
Net property, plant and equipment$9,204 $9,442 
v3.25.3
Goodwill And Intangible Assets
12 Months Ended
Sep. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block] GOODWILL AND INTANGIBLE ASSETS
The following table reflects goodwill activity for fiscal years 2025 and 2024 (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherConsolidated
Balance at September 30, 2023 (a)
$343 $423 $3,064 $5,904 $144 $9,878 
Fiscal 2024 Activity:
Measurement period adjustments— — — (13)— (13)
Sale of business— — (63)— — (63)
Currency translation— — — — 17 17 
Balance at September 28, 2024 (a)
$343 $423 $3,001 $5,891 $161 $9,819 
Fiscal 2025 Activity:
Sale of business— — — — (4)(4)
Impairment losses(343)— — — — (343)
Currency translation— — — — (3)(3)
Balance at September 27, 2025(a)
$— $423 $3,001 $5,891 $154 $9,469 
(a) Included in goodwill for fiscal 2025 are accumulated impairment losses of $1,236 million in Beef, $210 million in Chicken and $295 million in International/Other. Included in goodwill as of September 28, 2024 and September 30, 2023 are accumulated impairment losses of $893 million in Beef, $210 million in Chicken and $295 million in International/Other.
The following table reflects intangible assets by type as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Amortizable intangible assets:
Brands and trademarks$992 $995 
Customer relationships2,385 2,399 
Supply arrangements310 310 
Patents, intellectual property and other45 45 
Land use rights
Total gross amortizable intangible assets$3,741 $3,758 
Less accumulated amortization2,195 1,961 
Total net amortizable intangible assets$1,546 $1,797 
Brands and trademarks not subject to amortization4,078 4,078 
Total intangible assets$5,624 $5,875 
Amortization expense of $239 million, $229 million and $229 million was recognized during fiscal 2025, 2024 and 2023, respectively. We estimate amortization expense on intangible assets for the next five fiscal years subsequent to September 27, 2025, will be: 2026 - $207 million; 2027 - $195 million; 2028 - $187 million; 2029 - $174 million; 2030 - $166 million.
v3.25.3
Leases (Notes)
12 Months Ended
Sep. 27, 2025
Leases [Abstract]  
Supplemental Balance Sheet Disclosures
Supplemental balance sheet information related to lease liabilities is as follows:
Operating LeasesFinance Leases
2025202420252024
Weighted-average remaining lease term (in years)7 years6 years4 years5 years
Weighted-average discount rate%%%%
Lessee Leases 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. 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 as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Other Assets$887 $710 
Other current liabilities201 173 
Other Liabilities664 521 
Finance lease ROU assets and liabilities presented in our Consolidated Balance Sheets were as follows as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Net Property, Plant and Equipment$161 $122 
Current Debt55 36 
Long-term debt113 90 
The components of lease costs for fiscal years 2025, 2024 and 2023 were as follows (in millions):
202520242023
Operating lease cost (a)
$232 $178 $181 
Finance lease cost:
Amortization of right-of-use assets50 36 28 
Interest on lease liabilities
Variable lease cost (b)
545 527 531 
Short-term lease cost29 40 39 
Total$863 $785 $781 
(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.
Supplemental balance sheet information related to lease liabilities is as follows:
Operating LeasesFinance Leases
2025202420252024
Weighted-average remaining lease term (in years)7 years6 years4 years5 years
Weighted-average discount rate%%%%
Supplemental cash flow information related to lease liabilities is as follows (in millions):
202520242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases$231 $200 $191 
Operating cash outflows from finance leases
Financing cash outflows from finance leases 77 51 38 
ROU assets obtained in exchange for lease liabilities
Operating leases402 360 288 
Finance leases117 82 43 
At September 27, 2025, future maturities of operating and finance leases were as follows (in millions):
Operating Lease CommitmentsFinance Lease Commitments
2026$232 $62 
2027180 48 
2028141 34 
2029115 16 
203092 
2031 and beyond268 20 
Total undiscounted lease payments$1,028 $187 
Less: Imputed interest163 19 
Present value of total lease liabilities$865 $168 
At September 27, 2025, our leases that had not yet commenced were not significant.
v3.25.3
Restructuring and Related Activities
12 Months Ended
Sep. 27, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Related Charges RESTRUCTURING AND RELATED CHARGES
Network Optimization Plan
During fiscal 2025, the Company initiated a network optimization plan to optimize our global operations and logistics network. We are reporting on actions approved through the end of fiscal 2025 as we are currently unable to make an estimate of the cost of the entire network optimization plan. We anticipate recognizing total pretax charges of $86 million related to the actions approved through September 27, 2025, which include $99 million of charges that have resulted or will result in cash outflows and $94 million of non-cash charges, partially offset by $107 million gain recognized from the sale of storage facilities. Additionally, we have received $252 million in proceeds associated with the sale of storage facilities during fiscal 2025. We expect to incur costs related to the network optimization plan over a multi-year period and anticipate additional charges in the future as further actions are approved.
In fiscal 2025, we recognized net charges of $45 million related to the network optimization plan, which included a gain of $107 million from the sale of storage facilities. The charges primarily included the closure of two facilities in the Prepared Foods segment, a non-harvesting facility closure in the Beef segment, and asset write-offs in the Chicken and Prepared Foods segments and International/Other, as well as severance and related costs and contract and lease termination costs. Additionally, in fiscal 2025, we executed various long-term cold storage service agreements and sold multiple Tyson-owned and operated storage facilities which primarily support our Chicken and Prepared Foods segments. As part of the sale agreements, we leased back the storage facilities for various periods ranging from approximately one to three years, and entered into long-term cold storage service agreements associated with several fully automated cold storage facilities. We expect this will reduce network complexity, streamline inventory flow, simplify processes and reduce operating expenses.
The following table reflects pretax (income) expense related to the network optimization plan during fiscal 2025 (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Cost of Sales:
Severance and related costs$$— $$$$18 
Accelerated depreciation38 — — — 39 
Asset write-offs— 33 34 12 82 
Contract and lease terminations— — 11 
Gain on sale of storage facilities— — (38)(69)— (107)
Total Cost of Sales$48 $— $$(26)$14 $43 
Selling, General and Administrative:
Severance and related costs— — — — 
Total Selling, General and Administrative$— $— $$— $— $
Total$48 $— $$(26)$14 $45 
As of September 27, 2025, there was $34 million of network optimization plan liability, net of $19 million of payments during fiscal 2025 in addition to a receivable of $43 million for the deferred purchase price from the sale of storage facilities, which is expected to be received in fiscal 2026.
2022 Program
The Company approved a restructuring program in fiscal 2022 (the "2022 Program"), to improve business performance, increase collaboration, enhance team member agility, enable faster decision-making and reduce redundancies. In conjunction with the 2022 Program, the Company relocated all its corporate team members from its former Chicago, Downers Grove and Dakota Dunes area corporate locations to its world headquarters in Springdale, Arkansas. The 2022 Program and associated expenses were completed in our fiscal 2024, and accordingly, disclosures for certain years have been omitted as they have been deemed to be immaterial.
The following table reflects the pretax impact of the 2022 Program's restructuring and related charges during fiscal 2024 and 2023, respectively, by reportable segment (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$$— $$$— $
Relocation and related costs— — 
Accelerated depreciation— — — — — — 
Contract and lease terminations— — — 19 — 19 
Professional and other fees— — — — — — 
2024 Total$$$$24 $— $31 
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$$$14 $16 $15 $55 
Relocation and related costs18 16 — 42 
Accelerated depreciation— 12 — 19 
Contract and lease terminations— — — — 
Professional and other fees— — 
2023 Total$33 $11 $16 $49 $15 $124 
Included in the above results are cash charges of $21 million and $108 million in fiscal 2024 and 2023, respectively. Included in the above results are non-cash charges of $10 million and $16 million in fiscal 2024 and 2023, respectively.
The following table reflects the pretax impact of the 2022 Program's restructuring and related charges as reflected in our Consolidated Statements of Income (in millions):
20242023
Cost of Sales$— $29 
Selling, General and Administrative31 95 
Total$31 $124 
Plant Closures and Disposals
During fiscal 2023, to optimize asset utilization, the Company approved the closure of six Chicken segment processing facilities and during fiscal 2024, approved the closure of two case ready value-added plants in our Beef segment and a processing facility in our Pork segment. We ceased operations and shifted production to other facilities throughout fiscal 2023 and fiscal 2024.
During fiscal 2024 and 2023, as a result of the plant closures and disposals, we recorded charges of $198 million and $322 million, respectively, primarily related to grower contract terminations, accelerated depreciation, severance, retention and related costs, and recorded a gain of $16 million during fiscal 2024 related to the sale of a Chicken segment facility. During fiscal 2025, we recorded $23 million of additional charges related to contract termination costs, partially offset by $6 million of proceeds received related to a China plant relocation, which will collectively result in cash flows. Additionally, during fiscal 2023, we recorded an impairment charge of $17 million related to the discontinuation of a product line in the Prepared Foods segment. These charges, net of gains, are reflected in the Consolidated Statements of Income in Cost of Sales. Included in the results for fiscal 2024 are $24 million of charges that have resulted or will result in cash outflows and $174 million in non-cash charges. Included in the results for fiscal 2023 are $201 million of charges that have resulted or will result in cash outflows and $138 million of non-cash charges.
The following table reflects our liability related to plant closures as of September 27, 2025 (in millions):
Balance at September 28, 2024Plant Closure ChargesPaymentsBalance at September 27, 2025
Contract termination$98 $23 $(49)$72 
Severance and retention— (5)— 
Total$103 $23 $(54)$72 
During fiscal 2024, we experienced a fire at a production facility in the Netherlands which is included in International/Other for segment presentation, and subsequently approved the sale of the facility. For fiscal 2024, charges totaled $86 million primarily related to property, plant and equipment impairments, severance costs, inventory write-offs and clean-up costs, partially offset by insurance proceeds. The net charges are reflected in the Consolidated Statements of Income in Cost of Sales and, for fiscal 2024, included $31 million of charges that have resulted or will result in cash outflows and $64 million of non-cash charges, offset by $9 million of insurance proceeds. In fiscal 2025, we recognized additional net insurance proceeds of $18 million.
We continue to strategically evaluate optimization of such items as network capacity, manufacturing efficiencies and business technology. If we have a significant change in strategies, outlook, or a manner in which we plan to use these assets, we may experience future charges.
v3.25.3
Income Taxes
12 Months Ended
Sep. 27, 2025
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Detail of the provision for income taxes from continuing operations consisted of the following for fiscal years 2025, 2024 and 2023 (in millions):
202520242023
Federal$124 $188 $(39)
State54 34 (38)
Foreign84 48 48 
 $262 $270 $(29)
Current$338 $315 $154 
Deferred(76)(45)(183)
 $262 $270 $(29)
The reasons for the difference between the statutory federal income tax rate and our effective income tax rate from continuing operations are as follows for fiscal years 2025, 2024 and 2023:
202520242023
Federal income tax rate21.0 %21.0 %21.0 %
State income taxes4.7 3.4 (0.7)
Unrecognized tax benefits, net1.2 0.7 1.8 
Deferred income tax remeasurement— (0.9)3.8 
General business credits(2.1)(1.9)3.4 
Company-owned life insurance(1.3)(1.7)1.3 
Officer compensation expense1.9 1.1 (0.6)
Foreign rate differences and valuation allowances(1.8)0.3 (1.2)
Goodwill9.4 1.2 (24.2)
Other1.1 1.6 (0.3)
34.1 %24.8 %4.3 %
During fiscal 2025, state tax expense, net of federal impact, was $36 million. Additionally, the effective tax rate was higher than the statutory rate due to the impact of a $343 million non-deductible goodwill impairment. Changes in foreign valuation allowances include $9 million benefit due to legislation enacted in fiscal 2025.
During fiscal 2024, state tax expense, net of federal impact, was $28 million, which included $14 million benefit from operating loss carryforwards and $9 million benefit related to the remeasurement of deferred income taxes, primarily due to legislation decreasing state tax rates enacted in fiscal 2024. Additionally, the effective tax rate is higher than the statutory rate due to the impact of $63 million of non-deductible goodwill associated with the sale of our Vienna, Georgia facility.
During fiscal 2023, state tax benefit, net of federal impact, was $21 million, which included $26 million benefit related to the remeasurement of deferred income taxes, primarily due to legislation decreasing state tax rates enacted in fiscal 2023. Non-deductible goodwill impairments unfavorably impacted the effective tax rate by 24.2%. The tax benefit from income tax credits was $23 million.
Approximately $278 million, $864 million and ($643) million of income (loss) from continuing operations before income taxes for fiscal 2025, 2024 and 2023, respectively, were from our operations based in the United States.
We recognize deferred income taxes for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
The tax effects of major items recorded as deferred tax assets and liabilities as of September 27, 2025 and September 28, 2024, are as follows (in millions):
20252024
AssetsLiabilitiesAssetsLiabilities
Property, plant and equipment$— $1,112 $— $1,128 
Intangible assets— 1,433 — 1,460 
ROU assets— 257 — 206 
Accrued expenses504 — 412 — 
Lease liabilities251 — 191 — 
Net operating loss and credit carryforwards159 — 198 — 
Other210 327 260 332 
$1,124 $3,129 $1,061 $3,126 
Valuation allowance$(173)$(193)
Net deferred tax liability$2,178 $2,258 
At September 27, 2025, our gross state net operating loss carryforwards approximated $1,305 million, of which $1,079 million expire in fiscal years 2026 through 2045, and the remainder has no expiration. Gross foreign net operating loss carryforwards approximated $297 million, of which $63 million expire in fiscal years 2026 through 2042, and the remainder has no expiration. We also have tax credit carryforwards of approximately $37 million which expire in fiscal years 2026 through 2050. We maintain a valuation allowance against the majority of our net operating losses and tax credit carryforwards.
We have accumulated undistributed earnings of foreign subsidiaries aggregating approximately $689 million at September 27, 2025. Our undistributed earnings are generally expected to be indefinitely reinvested outside of the United States, except for excess cash (net of an insignificant amount of applicable withholding taxes) not subject to regulatory requirements. Dividends after December 31, 2017 from foreign subsidiaries are generally not subject to U.S. federal income taxes. Accordingly, no deferred income taxes have been provided on our indefinitely reinvested earnings. Due to the uncertainty of the manner in which the outside basis difference associated with these earnings would reverse, 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 as of September 27, 2025, September 28, 2024 and September 30, 2023 (in millions):
202520242023
Balance as of the beginning of the year$151 $131 $152 
Increases related to current year tax positions19 22 
Increases related to prior year tax positions12 
Reductions related to prior year tax positions(4)(2)(12)
Reductions related to settlements(1)— — 
Reductions related to expirations of statutes of limitations(6)(12)(17)
Balance as of the end of the year$168 $151 $131 
The amount of unrecognized tax benefits, if recognized, that would impact our effective tax rate was $110 million at September 27, 2025 and $104 million at September 28, 2024. We classify interest and penalties on unrecognized tax benefits as income tax expense. At September 27, 2025, and September 28, 2024, before tax benefits, we had $73 million and $59 million, respectively, of accrued interest and penalties on unrecognized tax benefits.
In December 2021, we received an assessment from the Mexican tax authorities related to the 2015 sale of our direct and indirect equity interests in subsidiaries which collectively held our Mexico operation. At September 27, 2025, the assessment totaled approximately $499 million (9.2 billion Mexican pesos), which included tax, inflation adjustment, interest and penalties. Based on analysis of our assessment in accordance with guidance related to unrecognized tax benefits, we have not recorded a liability related to our assessment. Additionally, the purchaser in the transaction also received an assessment from the Mexican tax authorities related to the sale of the indirect equity interest, which was affirmed in January 2025 by a circuit court in Mexico, but remains subject to potential further judicial review under a petition filed by the purchaser. The transaction agreement contains certain mutual indemnification provisions, and both parties have provided notice of indemnification claims to the other party. We believe any final assessment levied against and collected from the purchaser should prohibit potential assessment against us related to the sale of the same indirect equity interest because the Mexican tax authorities cannot collect twice for the same alleged underlying tax liability. We do not reasonably expect that the total amount sought in indemnification could exceed our assessment total at this time. In fiscal 2025, we recorded a pretax liability of $40 million for the estimated probable loss related to the indemnification provisions with the purchaser.
As of September 27, 2025, certain United States federal income tax returns are subject to examination for fiscal years 2021 through 2024. We are currently under examination for fiscal years 2021 and 2022 and are responding to requests from the Internal Revenue Service but have not received any proposed adjustments. We are also subject to income tax examinations by major state and foreign jurisdictions for fiscal years 2014 through 2024 and 2020 through 2024, respectively. We do not expect material changes to our unrecognized tax benefits during the next twelve months.
On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted into law. The OBBBA makes permanent key elements of the Tax Cuts and Jobs Act, including 100% bonus depreciation, domestic research cost expensing and the business interest expense limitation. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The legislation did not have a material impact on our fiscal 2025 effective tax rate or consolidated financial statements and is not expected to have a material impact in fiscal 2026 but is expected to result in lower cash tax payments in fiscal 2026. We continue to review the OBBBA tax provisions to assess impacts to our consolidated financial statements.
v3.25.3
Debt
12 Months Ended
Sep. 27, 2025
Debt Instruments [Abstract]  
Debt DEBT
The following table reflects major components of debt as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Revolving credit facility$— $— 
Commercial paper— — 
Senior notes:
4.00% Notes due March 2026 (“2026 Notes”)
800 800 
3.55% Notes due June 20271,350 1,350 
7.00% Notes due January 202818 18 
4.35% Notes due March 2029 (“2029 Notes”)
1,000 1,000 
5.40% Notes due March 2029 ("5.40% 2029 Notes")600 600 
6.13% Notes due November 2032 157 157 
5.70% Notes due March 2034 ("5.70% 2034 Notes")900 900 
4.88% Notes due August 2034 500 500 
5.15% Notes due August 2044 497 500 
4.55% Notes due June 2047733 750 
5.10% Notes due September 2048 (“2048 Notes”)
1,490 1,500 
Discount on senior notes(34)(36)
Term loans:
Term loan facility due May 2026— 750 
Term loan facility due May 2028 (5.99% at September 27, 2025)440 750 
Finance leases168 126 
Other251 168 
Unamortized debt issuance costs(40)(46)
Total debt8,830 9,787 
Less current debt909 74 
Total long-term debt$7,921 $9,713 
Annual maturities of debt for the five fiscal years subsequent to September 27, 2025 are: 2026 - $909 million; 2027 - $1,400 million; 2028 - $499 million; 2029 - $1,626 million; 2030 - $22 million.
Revolving Credit Facility and Letters of Credit
In April 2025, we terminated our previously existing revolving credit facility and entered into a new $2.5 billion revolving credit facility that supports short-term funding needs and serves as a backstop to our commercial paper program. The new revolving credit facility will mature, and the commitments thereunder will terminate, in April 2030 with options for two one-year extensions. Under the terms of the revolving credit facility, we have the option to establish incremental commitment increases of up to an aggregate amount of $500 million if certain conditions are met. The covenants and other terms of the new facility are generally consistent with those of the terminated facility.
At September 27, 2025, amounts available for borrowing under this facility totaled $2.5 billion and we had no outstanding borrowings and no outstanding letters of credit issued under this facility. At September 27, 2025, we had $83 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 up to an aggregate maximum principal amount of $1.75 billion. As of September 27, 2025, we had no commercial paper outstanding. Our ability to access commercial paper in the future may be limited or its costs increased.
In April 2025, we increased the aggregate maximum principal amount to $1.75 billion in conjunction with the execution of the new revolving credit facility.
5.40% 2029 Notes/5.70% 2034 Notes
In March 2024, we issued senior unsecured notes with an aggregate principal amount of $1.5 billion, consisting of $600 million due March 2029 ("5.40% 2029 Notes") and $900 million due March 2034 ("5.70% 2034 Notes"). A portion of the net proceeds from the issuances were used to repay $250 million of the amount outstanding under our term loan facility due May 2026, and we used the remainder of the proceeds to retire the August 2024 notes. Interest payments on the 5.40% 2029 Notes and 5.70% 2034 Notes are due semi-annually on March 15 and September 15, beginning September 15, 2024. After the original issue discounts of $3 million, we received net proceeds of $1,497 million and incurred debt issuance costs of $14 million related to the issuances.
Term Loan Facilities
The term loan facilities may be prepaid under certain conditions and contain covenants that are similar to those contained in the revolving credit facility. In fiscal 2024, we borrowed the full $750 million available under a term loan facility that matures in May 2028 and used it to repay $592 million of outstanding commercial paper obligations, and during fiscal 2025, we repaid $310 million of this term loan using cash on hand. Additionally, during fiscal 2025, we fully repaid the $750 million term loan due May 2026 using cash on hand.
Senior Note Repayments
During fiscal 2025, we repurchased $30 million of senior notes on the open market.
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 a minimum interest expense coverage ratio.
Our senior notes also contain affirmative and negative covenants that, among other things, may limit or restrict our ability to: create liens; engage in certain sale/leaseback transactions; and engage in certain consolidations, mergers and sales of assets.
We were in compliance with all debt covenants at September 27, 2025.
v3.25.3
Equity
12 Months Ended
Sep. 27, 2025
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 September 27, 2025, TLP owned 99.987% of the outstanding shares of Class B stock and the TLP and members of the Tyson family owned, in the aggregate, 2.56% of the outstanding shares of Class A stock, giving them, collectively, control of approximately 71.94% 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, if dilutive, 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 $2.00, $1.96, and $1.92 in fiscal 2025, 2024, and 2023, respectively. We paid Class B dividends per share of $1.80, $1.76, and $1.73 in fiscal 2025, 2024, and 2023, respectively. Effective November 7, 2025, the Board of Directors increased the quarterly dividend previously declared on August 7, 2025, to $0.51 per share on our Class A stock and $0.459 per share on our Class B stock. The increased quarterly dividend is payable on December 15, 2025, to shareholders of record at the close of business on December 1, 2025. We had dividends payable of $174 million and $171 million at September 27, 2025 and September 28, 2024, respectively.
Share Repurchases
On August 7, 2025, our Board of Directors approved an increase of 43 million shares authorized under our share repurchase program. As of September 27, 2025, 47.2 million shares remained available for repurchase. 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 years 2025, 2024 and 2023 is as follows (in millions):
September 27, 2025September 28, 2024September 30, 2023
SharesDollarsSharesDollarsSharesDollars
Shares repurchased:
Under share repurchase program3.1 $174 — $— 4.7 $300 
To fund certain obligations under equity compensation plans0.4 22 0.9 49 0.9 54 
Total share repurchases3.5 $196 0.9 $49 5.6 $354 
v3.25.3
Earnings Per Share
12 Months Ended
Sep. 27, 2025
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS (LOSS) PER SHARE
The earnings and weighted average common shares used in the computation of basic and diluted earnings per share are as follows for fiscal years ended 2025, 2024 and 2023 (in millions, except per share data):
202520242023
Numerator:
Net Income (Loss)$507 $822 $(649)
Less: Net Income (Loss) Attributable to Noncontrolling Interests33 22 (1)
Net Income (Loss) Attributable to Tyson474 800 (648)
Less dividends declared:
Class A574 563 554 
Class B126 124 122 
Undistributed earnings (losses)$(226)$113 $(1,324)
Class A undistributed earnings (losses)$(185)$92 $(1,084)
Class B undistributed earnings (losses)(41)21 (240)
Total undistributed earnings (losses)$(226)$113 $(1,324)
Denominator:
Denominator for basic earnings (loss) per share:
Class A weighted average shares285 284 284 
Class B weighted average shares70 70 70 
Denominator for diluted earnings (loss) per share:
Class A weighted average shares285 284 284 
Class B weighted average shares under if-converted method for diluted earnings (loss) per share(a)
70 70 — 
Effect of dilutive securities: Stock options, restricted stock and performance units— 
Denominator for diluted earnings (loss) per share – weighted average shares and assumed conversions(a)
357 356 284 
Net Income (Loss) Per Share Attributable to Tyson:
Class A Basic$1.37 $2.31 $(1.87)
Class B Basic$1.22 $2.06 $(1.68)
Diluted(a)
$1.33 $2.25 $(1.87)
Dividends Declared Per Share:
Class A$2.010 $1.970 $1.940 
Class B$1.809 $1.773 $1.746 
(a) For fiscal 2023, as the Company was in a net loss position, the impact of the Class B shares under the if-converted method was antidilutive and therefore we have not assumed conversion. As a result, the Class B weighted average shares, dividends declared and undistributed losses were excluded for the purposes of calculating Net Income (Loss) Per Share Attributable to Tyson on a diluted basis.
Approximately 6 million, 7 million, and 9 million of our stock-based compensation shares were antidilutive for fiscal 2025, 2024 and 2023. These shares were not included in the diluted earnings per share calculation.
We have two classes of capital stock, Class A stock and Class B stock. Cash dividends cannot be paid to holders of Class B stock unless they are simultaneously paid to holders of Class A stock. The per share amount of cash dividends paid to holders of Class B stock cannot exceed 90% of the cash dividends paid to holders of Class A stock.
We allocate undistributed earnings (losses) based upon a 1 to 0.9 ratio per share to Class A stock and Class B stock, respectively. We allocate undistributed earnings (losses) based on this ratio due to historical dividend patterns, voting control of Class B shareholders and contractual limitations of dividends to Class B stock.
v3.25.3
Derivative Financial Instruments
12 Months Ended
Sep. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments DERIVATIVE FINANCIAL INSTRUMENTS
Our business operations give rise to certain market risk exposures mostly due to changes in commodity prices, foreign currency exchange rates and interest rates. We manage a portion of these risks through the use of derivative financial instruments to reduce our exposure to commodity price risk, foreign currency risk and interest rate risk. Our risk management programs are periodically reviewed by our Board of Directors’ Audit Committee. These programs and risks are monitored by senior management and may be revised as market conditions dictate. Our current risk management programs utilize various industry-standard models that take into account the implicit cost of hedging. Credit risks associated with our derivative contracts are not significant as we minimize counterparty exposure by dealing with credit-worthy counterparties and utilizing exchange traded instruments, margin accounts or letters of credit. Additionally, our derivative contracts are mostly short-term in duration and we generally do not make use of credit-risk-related contingent features. No significant concentrations of credit risk existed at September 27, 2025.
We had the following aggregated outstanding notional amounts related to our derivative financial instruments (in millions, except soybean meal tons):
MetricSeptember 27, 2025September 28, 2024
Commodity:
CornBushels93 29 
Soybean MealTons1,221,711 623,400 
Live CattlePounds30 136 
Lean HogsPounds828 351 
Foreign CurrencyUnited States dollar$208 $245 
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 gain or loss on the derivative is reported as a component of other comprehensive income (“OCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Based on market prices as of September 27, 2025, we have net pretax losses of $20 million for our commodity contracts, which are expected to be reclassified into earnings within the next twelve months. Additionally, we have $9 million of realized losses related to treasury rate locks in connection with the issuance of the 2026, 2029 and 2048 Notes, which will be reclassified to earnings over the lives of these notes. During fiscal 2025, 2024 and 2023, we did not reclassify significant pretax gains or losses into earnings as a result of the discontinuance of cash flow hedges. The following table sets forth the pretax impact of cash flow hedge derivative instruments recognized in Other Comprehensive Income (in millions):
Gain (Loss) Recognized in OCI on Derivatives202520242023
Cash flow hedge - derivatives designated as hedging instruments:
Commodity contracts$(44)$(8)$— 
Fair Value Hedges
We designate certain derivative contracts as fair value hedges of firm commitments to purchase livestock for harvest. Our objective of these hedges is to minimize the risk of changes in fair value created by fluctuations in commodity prices associated with fixed price livestock firm commitments. For these derivative instruments we designate and qualify as a fair value hedge, the gain or loss on the derivative, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are recognized in earnings in the same period. We include the gain or loss on the hedged items (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 2025, 2024 and 2023. The carrying amount of fair value hedge (assets) liabilities as of fiscal 2025, 2024 and 2023 were as follows (in millions):
Consolidated Balance Sheets Classification202520242023
Inventories$65 $(3)$16 
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 for fiscal years ended 2025, 2024 and 2023 (in millions):
Consolidated Statements of Income Classification202520242023
Cost of Sales$50,879 $49,682 $50,250 
Interest Expense449 481 355 
Other, net(47)(75)(42)
The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Statements of Income for fiscal years ended 2025, 2024 and 2023 (in millions):
Consolidated Statements of Income Classification202520242023
Cost of SalesGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Commodity contracts$(33)$(1)$ 
Gain (Loss) on fair value hedges:
Commodity contracts (a) (87)12 (19)
Gain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts53 (66)(98)
Total$(67)$(55)$(117)
Interest ExpenseGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Interest rate contracts$(2)$(1)$(2)
Other, netGain (Loss) on derivatives not designated as hedging instruments:
Foreign exchange contracts$7 $2 $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 13: Fair Value Measurements.
v3.25.3
Fair Value Measurements
12 Months Ended
Sep. 27, 2025
Fair Value Disclosures [Abstract]  
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 as of September 27, 2025 and September 28, 2024 (in millions):
September 27, 2025Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $$— $(1)$
Undesignated — 113 — (20)93 
Available for sale securities (current)— — — — — 
Other Assets:
Available for sale securities (non-current)— 90 27 — 117 
Deferred compensation assets21 501 — — 522 
Total Assets$21 $710 $27 $(21)$737 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $82 $— $(82)$— 
Undesignated — 135 — (126)
Total Liabilities$— $217 $— $(208)$
September 28, 2024Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $15 $— $(2)$13 
Undesignated— 79 — 81 
Available for sale securities (current)— 10 — — 10 
Other Assets:
Available for sale securities (non-current)— 75 28 — 103 
Deferred Compensation assets22 461 — — 483 
Total Assets$22 $640 $28 $— $690 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $19 $— $(19)$— 
Undesignated— 71 — (35)36 
Total liabilities$— $90 $— $(54)$36 
(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 September 27, 2025, and September 28, 2024, we had $187 million and $54 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) as of September 27, 2025 and September 28, 2024 (in millions):
September 27, 2025September 28, 2024
Balance at beginning of year$28 $30 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)— 
Purchases
Settlements(10)(8)
Balance at end of year$27 $28 
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 12: 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 44 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 as of September 27, 2025 and September 28, 2024 (in millions):
September 27, 2025September 28, 2024
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$91 $90 $(1)$86 $85 $(1)
Corporate and Asset-Backed27 27 — 28 28 — 
Unrealized holding gains (losses), net of tax, are excluded from earnings and reported in OCI until the security is settled or sold. On a quarterly basis, we evaluate whether losses related to our available-for-sale securities are due to credit or non-credit factors. Losses on debt securities where we have the intent, or will more than likely be required, to sell the security prior to recovery, would be recorded as a direct write-off of amortized cost basis through earnings. Losses on debt securities where we do not have the intent, or would not more than likely be required to sell the security prior to recovery, would be further evaluated to determine whether the loss is credit or non-credit related. Credit-related losses would be recorded through an allowance for credit losses through earnings and non-credit related losses through OCI.
We consider many factors in determining whether a loss is credit-related, including the financial condition and near-term prospects of the issuer, borrower repayment characteristics for asset-backed securities, and our ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery. We recognized no direct write-offs or allowances for credit losses in earnings in fiscal 2025, 2024 or 2023.
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 and, with respect to our equity investments without readily determinable fair values, recorded by applying the measurement alternative for which such investments are recorded at cost and adjusted for an observable price change in an orderly transaction for an identical or similar investment of the same issuer.
During fiscal 2025, we recorded a goodwill impairment charge of $343 million in our Beef segment. We estimated the fair value utilizing an income approach (discounted cash flow method) valuation technique, which incorporated significant unobservable Level 3 inputs. Additionally, in fiscal 2025, we recorded a fixed asset impairment charge of $19 million as a result of our decision to sell a storage facility. This charge was recorded in Cost of Sales in the Consolidated Statements of Income and was derived using Level 3 inputs, including management's estimate of the proceeds from the disposal of the asset. We also recorded impairment charges of $28 million in Other, net in the Consolidated Statements of Income, related to our equity investments, including $24 million accounted for under the equity method. These equity investments are included in Other Assets in the Consolidated Balance Sheets, do not have readily determinable fair values and were measured using a market approach which utilized Level 3 inputs.
During fiscal 2024, we recorded a fixed asset impairment charge of $33 million in Cost of Sales in the Consolidated Statements of Income as a result of our decision to sell our Netherlands facility. The charge was derived using Level 3 inputs and was driven by management's estimate of the potential proceeds from the disposal of the assets. In fiscal 2023, we recorded goodwill impairment charges of $333 million, $210 million and $238 million in our Beef and Chicken segments and International/Other, respectively. We estimated the fair value of our reporting units utilizing various valuation techniques, with the primary technique being an income approach (discounted cash flow method) and another technique being a market approach (guideline public company method), which incorporated significant unobservable Level 3 inputs. We did not have any other significant measurements of assets or liabilities at fair value on a nonrecurring basis subsequent to their initial recognition during the twelve months ended September 27, 2025, September 28, 2024, or September 30, 2023.
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 as of September 27, 2025 and September 28, 2024 (in millions):
September 27, 2025September 28, 2024
Fair
Value
Carrying
Value
Fair
Value
Carrying
Value
Total Debt$8,658 $8,830 $9,638 $9,787 
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 September 27, 2025, and September 28, 2024, 15.6% and 15.5%, 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.
v3.25.3
Stock-Based Compensation
12 Months Ended
Sep. 27, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Share-Based Payment Arrangement 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 8,769,043 at September 27, 2025.
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, 20247,114,663 $64.02 
Exercised(669,987)49.82 
Forfeited or expired(623,291)66.64 
Granted1,648,774 64.54 
Outstanding, September 27, 20257,470,159 $65.19 6.4$
Exercisable, September 27, 20254,851,416 $68.57 5.2$
The weighted average grant-date fair value of options granted in fiscal 2025, 2024 and 2023 was $13.94, $12.70 and $15.82, 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.
202520242023
Expected life (in years)4.64.54.5
Risk-free interest rate4.2 %4.5 %3.9 %
Expected volatility26.8 %31.9 %31.2 %
Expected dividend yield3.0 %2.7 %2.9 %
We recognized stock-based compensation expense related to stock options, net of income taxes, of $19 million, $19 million and $13 million for fiscal 2025, 2024 and 2023, respectively. The related tax benefit was $3 million for fiscal 2025, 2024 and 2023. We had 1.1 million, 1.1 million and 1.2 million options vest in fiscal 2025, 2024 and 2023, respectively, with a grant date fair value of $16 million, $15 million and $18 million, respectively.
In fiscal 2025, 2024 and 2023, we received cash of $21 million, $14 million and $11 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 2025, 2024 and 2023, was $2 million, $1 million and $1 million, respectively. The total intrinsic value of options exercised in fiscal 2025, 2024 and 2023, was $3 million, $2 million and $1 million, respectively.
As of September 27, 2025, we had $11 million of total unrecognized compensation cost related to stock option plans that will be recognized over a weighted average period of 1.8 years.
Restricted Stock
We issue restricted stock awards and units at the market value as of the date of grant, with restrictions expiring over periods through fiscal 2028. Beginning in fiscal 2025, we changed from granting restricted stock awards to restricted stock units which generally vest at a rate of one-third each year over a three-year period from the date of the grant and have dividend equivalent provisions in which additional restricted stock units are issued upon the payment of dividends to Class A shareholders. The fair value of each restricted stock unit is determined using the Class A stock price on the date of the grant and unearned compensation is recognized ratably over the vesting period.
Number of 
Shares or Units
Weighted
Average Grant-
Date Fair Value
Per Share/Unit
Weighted Average
Remaining
Contractual Life
(in Years)
Aggregate
Intrinsic Value
(in millions)
Nonvested, September 28, 20241,866,591 $59.35 
Granted818,233 63.49 
Dividends65,562 59.72 
Vested(862,968)63.70 
Forfeited(191,133)58.38 
Nonvested, September 27, 20251,696,285 $59.26 1.4$92 
As of September 27, 2025, we had $35 million of total unrecognized compensation cost related to restricted stock awards and units that will be recognized over a weighted average period of 1.9 years.
We recognized stock-based compensation expense related to restricted stock awards and units, net of income taxes, of $39 million, $39 million and $32 million for fiscal 2025, 2024 and 2023, respectively. The related tax benefit for fiscal 2025, 2024 and 2023 was $8 million, $9 million and $9 million, respectively. We had 0.9 million, 0.6 million and 0.7 million restricted stock awards and units vest in fiscal 2025, 2024 and 2023, respectively, with a grant date fair value of $55 million, $41 million and $53 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 typically 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, 20242,375,302 $46.57 
Granted993,144 54.42 
Vested(220,933)48.74 
Forfeited(651,623)57.58 
Nonvested, September 27, 20252,495,890 $46.63 1.3$135 
We recognized stock-based compensation expense related to performance shares, net of income taxes, of $28 million, $25 million and $2 million for fiscal 2025, 2024 and 2023, respectively. The related tax benefit was $3 million for fiscal 2025, $4 million for fiscal 2024, and inconsequential for fiscal 2023. As of September 27, 2025, we had $40 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.
v3.25.3
Segment Reporting
12 Months Ended
Sep. 27, 2025
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 China, Malaysia, Mexico, South Korea, Thailand and the Kingdom of Saudi Arabia, third-party merger and integration costs and corporate overhead related to Tyson New Ventures, LLC.
Our President and Chief Executive Officer is the Chief Operating Decision Maker (CODM) of the Company. The CODM uses operating income (loss) as the reportable segment profitability measure to assess performance and allocate resources. This measure is utilized during our budgeting and forecasting process to assess profitability and to enable decision making regarding strategic initiatives and capital investments across all reportable segments. Our CODM considers variances of actual performance to our annual operating plan and periodic forecasts when making decisions.
Significant expenses are expenses which are regularly provided to the CODM and are included in segment operating income (loss). These consist of segment cost of sales, segment selling, general and administrative expenses, and various items affecting comparability. Segment Cost of Sales includes raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, food safety and quality assurance costs and transportation and warehousing expenses, excluding the impact of items affecting comparability. Segment Selling, General and Administrative expenses include the costs to execute sales to customers, costs related to selling, marketing, advertising and promotional activities and other general and administrative operating costs that are not directly related to manufacturing as well as other expense items, excluding the impact of items affecting comparability. Items affecting comparability include restructuring and related charges (including network optimization), plant closure and disposal charges (net of gains), goodwill and intangible impairments, brand and product line discontinuations, facility fire related costs (net of insurance proceeds), and certain non-ordinary course legal, regulatory and other matters.
Beef
Beef includes our operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes sales from specialty products such as hides, rendered products and variety meats, as well as logistics operations to move products through the supply chain.
Pork
Pork includes our operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes our live swine group, related specialty product processing activities and logistics operations to move products through the supply chain.
Chicken
Chicken includes our domestic operations related to raising and processing live chickens into and purchasing raw materials for fresh, frozen and value-added chicken products, as well as sales from specialty products. Our value-added chicken products primarily include breaded chicken strips, nuggets, patties and other ready-to-fix or fully cooked chicken parts. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes logistics operations to move products through our domestic supply chain and the global operations of our chicken breeding stock subsidiary.
Prepared Foods
Prepared Foods includes our operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations to move products through the supply chain. This segment includes brands such as Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, as well as artisanal brands Aidells® and Gallo Salame®. Products primarily include a mixture of ready-to-cook and ready-to-eat sandwiches, sandwich components such as flame-grilled hamburgers and Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks and processed meats. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets.
We allocate expenses related to corporate activities to the segments, except for third-party merger and integration costs for which we recorded no expense in fiscal years 2025 and 2024, and $3 million in fiscal 2023, and corporate overhead related to Tyson New Ventures, LLC, which are included in International/Other. Intersegment sales transactions, which were at market prices, are included in the segment sales in the table below. Assets and additions to property, plant and equipment relating to corporate activities remain in International/Other.
Information on segments and a reconciliation to income from continuing operations before income taxes are as follows for fiscal years ended 2025, 2024 and 2023 (in millions):
Twelve months ended September 27, 2025
BeefPorkChickenPrepared FoodsInternational/OtherIntersegmentTotal
Sales(a)
$21,623 $5,781 $16,837 $9,930 $2,291 $(2,021)$54,441 
Segment Cost of Sales22,117 5,884 14,526 8,321 1,995 (2,021)50,822 
Segment Selling, General and Administrative250 96 829 762 159 — 2,096 
Facility fire related costs (insurance proceeds)— — — — (18)— (18)
Brand and product line discontinuations— — 23 — — — 23 
Restructuring and related charges48 — (26)14 — 45 
Legal contingency accruals— — — — 40 — 40 
Plant closure and disposal charges— — 23 — (6)— 17 
Goodwill and intangible impairments343 — — — — — 343 
Product recall— — — (25)— — (25)
Operating Income (Loss)$(1,135)$(199)$1,427 $898 $107 $— $1,098 
Other (Income) Expense:
Interest income$(73)
Interest expense449 
Other, net(47)
Income (Loss) before Income Taxes$769 
Other segment information:
Depreciation and amortization$178 $63 $645 $387 $77 — $1,350 
Total Assets3,949 1,532 12,186 14,982 4,009 — 36,658 
Additions to property, plant and equipment156 66 511 155 90 — 978 
Twelve months ended September 28, 2024
BeefPorkChickenPrepared FoodsInternational/OtherIntersegmentTotal
Sales(a)
$20,479 $5,903 $16,425 $9,851 $2,353 $(1,702)$53,309 
Segment Cost of Sales20,542 5,707 14,604 8,113 2,091 (1,702)49,355 
Segment Selling, General and Administrative228 99 806 833 213 — 2,179 
Facility fire related costs (insurance proceeds)— — (70)— 86 — 16 
Brand and product line discontinuations— — — — 
Restructuring and related charges24 — — 31 
Legal contingency accruals45 28 56 — — — 129 
Plant closure and disposal charges41 108 33 — — — 182 
Operating Income (Loss)$(381)$(40)$988 $879 $(37)$— $1,409 
Other (Income) Expense:
Interest income$(89)
Interest expense481 
Other, net(75)
Income (Loss) before Income Taxes$1,092 
Other segment information:
Depreciation and amortization$164 $125 $639 $389 $71 — $1,388 
Total Assets3,730 1,570 12,121 15,138 4,541 — 37,100 
Additions to property, plant and equipment138 41 505 334 114 — 1,132 
Twelve months ended September 30, 2023
BeefPorkChickenPrepared FoodsInternational/OtherIntersegmentTotal
Sales(a)
$19,325 $5,768 $17,060 $9,845 $2,515 $(1,632)$52,881 
Segment Cost of Sales18,863 5,790 16,495 8,123 2,315 (1,632)49,954 
Segment Selling, General and Administrative229 106 798 833 184 — 2,150 
Facility fire related costs (insurance proceeds)(42)— (11)— — — (53)
Brand and product line discontinuations— — — 17 — — 17 
Restructuring and related charges33 11 16 49 15 — 124 
Plant closure and disposal charges— — 322 — (19)— 303 
Goodwill and intangible impairments333 — 210 — 238 — 781 
Operating Income (Loss)$(91)$(139)$(770)$823 $(218)$— $(395)
Other (Income) Expense:
Interest income$(30)
Interest expense355 
Other, net(42)
Income (Loss) before Income Taxes$(678)
Other segment information:
Depreciation and amortization$128 $68 $693 $373 $67 — $1,329 
Total Assets3,772 1,696 12,143 15,198 3,442 — 36,251 
Additions to property, plant and equipment169 62 834 578 296 — 1,939 
(a) Includes $318 million and $380 million of legal contingency accruals for the Beef and Pork segments, respectively, and $66 million related to a product recall in the Prepared Foods segment for fiscal year 2025. Includes $45 million of a legal contingency accrual for the Pork segment for the fiscal year 2024. Includes $156 million of a legal contingency accrual for the Chicken segment for the fiscal year 2023.
Our largest customer, Walmart Inc., accounted for 18.7%, 18.4% and 18.6% of consolidated sales in fiscal 2025, 2024 and 2023, 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% of sales to external customers for each of fiscal 2025, 2024 and 2023 were sourced from the United States. At September 27, 2025 and September 28, 2024, long-lived assets, excluding goodwill, intangibles, financial instruments and deferred tax assets, located in the United States were approximately $9.5 billion and $9.5 billion, respectively, and approximately $0.7 billion and $0.8 billion, respectively, were located in foreign locations, primarily Brazil, China, New Zealand, Malaysia, the Middle East and Thailand.
We sell certain products in foreign markets, primarily Canada, Central America, China, the European Union, the United Kingdom, Japan, Mexico, Malaysia, the Middle East, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. Our export sales from the United States totaled $4.8 billion, $5.2 billion and $5.1 billion for fiscal 2025, 2024 and 2023, respectively. Substantially all of our export sales are facilitated through unaffiliated brokers, marketing associations and foreign sales offices. Sales of products produced in a country other than the United States were less than 10% of consolidated sales for each of fiscal 2025, 2024 and 2023. The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Twelve months ended September 27, 2025
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$10,920 $5,786 $2,249 $2,150 $21,105 $518 $21,623 
Pork1,880 548 1,186 767 4,381 1,400 5,781 
Chicken6,942 6,660 1,104 2,028 16,734 103 16,837 
Prepared Foods5,788 3,636 242 264 9,930 — 9,930 
International/Other— — 2,291 — 2,291 — 2,291 
Intersegment— — — — — (2,021)(2,021)
Total$25,530 $16,630 $7,072 $5,209 $54,441 $— $54,441 
Twelve months ended September 28, 2024
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$9,915 $5,215 $2,659 $2,245 $20,034 $445 $20,479 
Pork1,804 498 1,364 1,078 4,744 1,159 5,903 
Chicken6,994 6,432 957 1,944 16,327 98 16,425 
Prepared Foods5,794 3,629 225 203 9,851 — 9,851 
International/Other— — 2,353 — 2,353 — 2,353 
Intersegment— — — — — (1,702)(1,702)
Total$24,507 $15,774 $7,558 $5,470 $53,309 $— $53,309 
Twelve months ended September 30, 2023
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$8,947 $4,839 $2,633 $2,395 $18,814 $511 $19,325 
Pork1,677 477 1,235 1,338 4,727 1,041 5,768 
Chicken7,483 6,589 1,007 1,901 16,980 80 17,060 
Prepared Foods5,795 3,690 213 147 9,845 — 9,845 
International/Other— — 2,515 — 2,515 — 2,515 
Intersegment— — — — — (1,632)(1,632)
Total$23,902 $15,595 $7,603 $5,781 $52,881 $— $52,881 
(a) Includes external sales to consumer products and food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.
(b) Includes external sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(c) Includes external sales to international markets related to internationally produced products and export sales of domestically produced products.
(d) Includes external sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories. For fiscal 2025, the Beef and Pork segments included a $318 million and $380 million reduction in Other, respectively, due to the recognition of legal contingency accruals. For fiscal 2024, the Pork segment included a $45 million reduction in Other due to the recognition of a legal contingency accrual. For fiscal 2023, the Chicken segment included a $156 million reduction in Other due to the recognition of legal contingency accruals
v3.25.3
Transactions With Related Parties
12 Months Ended
Sep. 27, 2025
Related Party Transactions [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 H. Tyson, Chairman of the Company, is a trustee), Berry Street Waste Water Treatment Plant, LP (90% of which is owned by the TLP), and the sisters of Mr. Tyson. As of September 27, 2025 and September 28, 2024, one lease was classified as a finance lease with a debt balance of $6 million which is primarily recognized as Long-term debt in our Consolidated Balance Sheet. The other lease was classified as an operating lease with a lease liability balance of $1 million and $1 million as of September 27, 2025 and September 28, 2024, respectively, which is primarily recognized within Other Liabilities in our Consolidated Balance Sheet. Total payments of approximately $1 million in each of fiscal 2025, 2024 and 2023 were paid to lease the facilities.
As of September 27, 2025, the TLP, of which John H. Tyson and director Barbara Tyson are general partners, owned 70 million shares, or 99.987% of our outstanding Class B stock and, along with the members of the Tyson family, owned 7.2 million shares of Class A stock, giving it control of approximately 71.94% of the total voting power of our outstanding voting stock.
In fiscal 2025, 2024 and 2023, the Company provided administrative services to the TLP, the beneficial owner of 70 million shares of Class B stock, and the TLP, through TLP Investment, L.P., reimbursed the Company $0.4 million in fiscal 2025, and $0.2 million in each of fiscal 2024 and 2023.
In fiscal 2025, the Company sold fourteen pieces of artwork from its offices to North Ark Bahamas, LLC, an entity owned by John H. Tyson, John R. Tyson and Olivia L. Tyson, for the aggregate price of $0.2 million.
In fiscal 2024, the Company purchased real estate located in Springdale, Arkansas for $0.8 million from TBB Land Holdings LLC. TBB Land Holdings LLC is wholly owned by John H. Tyson.
v3.25.3
Commitments And Contingencies
12 Months Ended
Sep. 27, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies COMMITMENTS AND CONTINGENCIES
Commitments
We guarantee obligations of certain outside third parties, consisting primarily of grower loans, which are substantially collateralized by the underlying assets. The remaining terms of the underlying obligations cover periods up to 7 years, and the maximum potential amount of future payments as of September 27, 2025, was not significant. The likelihood of material payments under these guarantees is not considered probable. At September 27, 2025 and September 28, 2024, no significant liabilities for guarantees were recorded.
We have cash flow assistance programs in which certain livestock suppliers participate. Under these programs, we pay an amount for livestock equivalent to a standard cost to grow such livestock during periods of low market sales prices. The amounts of such payments that are in excess of the market sales price are recorded as receivables and accrue interest. Participating suppliers are obligated to repay these receivables balances when market sales prices exceed this standard cost, or upon termination of the agreement. Our maximum commitment associated with these programs is limited to the fair value of each participating livestock supplier’s net tangible assets. The potential maximum obligation as of September 27, 2025, was approximately $240 million. At September 27, 2025 and September 28, 2024, we did not have significant net receivables outstanding under these programs.
When constructing new facilities or making major enhancements to existing facilities, we will occasionally enter into incentive agreements with local government agencies in order to reduce certain state and local tax expenditures. These funds are generally considered restricted cash, which is reported in the Consolidated Balance Sheets in Other Assets. We had no deposits at September 27, 2025 or September 28, 2024. 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 September 27, 2025, total amounts under these types of arrangements totaled $845 million.
Additionally, we enter into other purchase commitments for various items such as grains, livestock contracts and variable livestock grower commitments that are estimable and have a remaining term in excess of one year, which as of September 27, 2025 were (in millions):
Purchase Obligations
2026$556 
2027509 
2028357 
2029313 
2030288 
2031 and beyond3,245 
Total$5,268 
Contingencies
In the normal course of business, we are involved in various claims, lawsuits, investigations and legal proceedings, including those specifically identified below. Each quarter, we determine whether to accrue for loss contingencies based on our assessment of whether the potential loss is probable, reasonably possible or remote and to the extent a loss is probable, whether it is reasonably estimable. We record accruals in the Company’s Consolidated Financial Statements for matters that we conclude are probable and the financial impact is reasonably estimable. The Company further determines whether a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable. Regardless of the manner of resolution, frequently the most significant changes in the status of a matter may occur over a short time period, often following a lengthy period of little substantive activity. While these accruals reflect the Company’s best estimate of the probable loss for those matters as of the dates of those accruals, the recorded amounts may differ materially from the actual amount of the losses for those matters. Listed below are certain claims made against the Company for which the magnitude of the potential exposure could be material to the Company’s Consolidated Financial Statements.
Broiler Antitrust Civil Litigation and Related Matters
Beginning in September 2016, a series of putative federal class action lawsuits styled In re Broiler Chicken Antitrust Litigation (the “Broiler Antitrust Civil Litigation”) were filed in the United States District Court for the Northern District of Illinois against us and certain of our poultry subsidiaries, as well as several other poultry processing companies and Agri Stats, Inc. ("Agri Stats"), an information service provider. As described below, the Company reached agreements to settle all outstanding claims brought against it by the putative classes, and the Court has granted final approval to these settlements.
Certain putative class members chose to opt out of the classes and pursue individual claims against the Company and other defendants in the United States District Court for the Northern District of Illinois. The operative complaints allege that beginning in January 2008, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of broiler chickens and that the defendants manipulated and artificially inflated the Georgia Dock price index. The plaintiffs further allege that the defendants concealed this conduct from the plaintiffs and the members of the putative classes. The plaintiffs seek treble damages, injunctive relief, pre- and post-judgment interest, costs, and attorneys’ fees under the United States antitrust laws and various state unfair competition laws, consumer protection laws, and unjust enrichment common laws.
The Court divided the case into two tracks. Plaintiffs electing to proceed in the first track (“Track One”) chose to forego claims relating to the DOJ criminal investigation described below. Plaintiffs electing to proceed in the second track (“Track Two”) could pursue those claims but needed to wait until the completion of the Track One proceedings before doing so.
The first trial in this matter, which involved claims brought by the Direct Purchaser Plaintiff Class and certain direct-action plaintiffs, began on September 12, 2023 and concluded with a jury verdict in favor of the defendant on October 25, 2023. The Company did not participate in the first trial because it had previously settled all of the claims brought by the plaintiffs that participated in that trial. The second and third scheduled trials in this matter, which were to involve claims brought by the Commercial and Institutional Indirect Purchaser Class and the End-User Consumer Plaintiff Class, respectively, were scheduled to begin in March 2024 and September 2024, respectively. Both of these trials were cancelled because all claims brought by these classes were resolved before trial. This completed the Track One proceedings.
On February 11, 2025, the Court denied the defendants’ motion to dismiss the allegations brought by the Track Two plaintiffs. On March 7, 2025, the Court lifted the stay of discovery that had applied to the Track Two claims, with fact discovery currently ongoing. The Court entered a case schedule under which the first Track Two trial will begin on April 5, 2027.
Settlements
On January 19, 2021, we announced that we had reached agreements to settle certain class claims related to the Broiler Antitrust Civil Litigation. Settlement terms were reached with the putative Direct Purchaser Plaintiff Class, the putative Commercial and Institutional Indirect Purchaser Plaintiff Class and the putative End-User Plaintiff Class (collectively, the “Classes”). Under the terms of the settlements, we agreed to pay the Classes an aggregate amount of $221.5 million in settlement of all outstanding claims brought by the Classes. On June 29, 2021, December 20, 2021 and April 18, 2022, the Court granted final approval to the settlements with the Direct Purchaser Plaintiff Class, the End-User Plaintiff Class and the Commercial and Institutional Indirect Purchaser Plaintiff Class, respectively. The foregoing settlements do not settle claims made by plaintiffs who have opted out of the Classes in the Broiler Antitrust Civil Litigation.
We are currently pursuing settlement discussions with the remaining opt-out plaintiffs with respect to the remaining claims. While we do not admit any liability as part of the settlements, we believe that the settlements we have entered into have been in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation.
Government Investigations
U.S. Department of Justice (“DOJ”) Antitrust Division. On June 21, 2019, the DOJ filed a motion to intervene and sought a limited stay of discovery in the Broiler Antitrust Civil Litigation, which the court granted in part. Subsequently, we received a grand jury subpoena from the DOJ seeking additional documents and information related to the chicken industry. On June 2, 2020, a grand jury for the District of Colorado returned an indictment charging four individual executives employed by two other poultry processing companies with conspiracy to engage in bid-rigging in violation of federal antitrust laws. On June 10, 2020, we announced that we uncovered information in connection with the grand jury subpoena that we had previously self-reported to the DOJ and have been cooperating with the DOJ as part of our application for leniency under the DOJ’s Corporate Leniency Program. Subsequently, the DOJ announced indictments against additional individuals, as well as other poultry processing companies, alleging a conspiracy to fix prices and rig bids for broiler chicken products from at least 2012 until at least early 2019. None of these indictments remain pending. In August 2021, the Company was granted conditional leniency by the DOJ for the matters we self-reported, which means that provided the Company continues to cooperate with the DOJ, neither the Company nor any of our cooperating employees will face prosecution or criminal fines or penalties. We continue to cooperate with the DOJ in connection with the ongoing federal antitrust investigation.
State Attorney General Matters. The Offices of the Attorneys General in Washington, New Mexico and Alaska have filed complaints against us and certain of our poultry subsidiaries, as well as several other poultry processing companies and Agri Stats based on allegations similar to those asserted in the Broiler Antitrust Civil Litigation. These complaints alleged violations of state antitrust, unfair trade practice, and unjust enrichment laws. We are cooperating with various state governmental agencies and officials, including the Offices of the Attorneys General for Florida and Louisiana, investigating or otherwise seeking information, testimony and/or documents, regarding the conduct alleged in the Broiler Antitrust Civil Litigation and related matters. In October 2022, we reached an agreement to settle all claims with the Washington Attorney General, and the court entered a consent decree on October 24, 2022. On February 16, 2024, the Company and the State of Alaska filed a stipulation and proposed consent decree reflecting a settlement of the claims against the Company asserted by the Office of the Attorney General of Alaska. The court approved this settlement on April 24, 2024. On April 19, 2024, the Company and the State of New Mexico filed a proposed consent judgment reflecting a settlement of the claims against the Company asserted by the Office of the Attorney General of New Mexico. The Court approved this settlement on July 23, 2024. While the Company believes it has meritorious defenses to the claims that have been made, we believe that these settlements are in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation.
The Company recorded aggregate legal contingency accruals of $156 million and $545 million in fiscal years 2023 and 2021, respectively. During fiscal years 2025, 2024 and 2023, the Company reduced its total recorded legal contingency accrual by $22 million, $98 million and $94 million, respectively, for amounts it had paid related to these matters. At September 27, 2025 and September 28, 2024, the legal contingency accrual for claims related to the Broiler Antitrust Civil Litigation matters described above was $64 million and $86 million, respectively. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time.
Broiler Chicken Grower Litigation and Investigation
On January 27, 2017 and March 26, 2017, putative class action complaints were filed against us and certain of our poultry subsidiaries, as well as several other vertically integrated poultry processing companies, in the United States District Court for the Eastern District of Oklahoma styled In re Broiler Chicken Grower Litigation. The plaintiffs alleged, among other things, that the defendants colluded not to compete for broiler raising services “with the purpose and effect of fixing, maintaining, and/or stabilizing grower compensation below competitive levels.” The plaintiffs also alleged that the defendants “agreed to share detailed data on [g]rower compensation with one another, with the purpose and effect of artificially depressing [g]rower compensation below competitive levels.” The plaintiffs contended these alleged acts constitute violations of the Sherman Antitrust Act and Section 202 of the Grain Inspection, Packers and Stockyards Act of 1921. The plaintiffs sought treble damages, pre- and post-judgment interest, costs, and attorneys’ fees on behalf of the putative class. Additional named plaintiffs filed similar class action complaints in federal district courts in North Carolina, Colorado, Kansas and California. All actions were subsequently consolidated in the Eastern District of Oklahoma. In June 2021, we reached an agreement to settle with the putative class of broiler chicken farmers all claims raised in this consolidated action on terms not material to the Company. The Court granted preliminary approval of the settlement on August 23, 2021 and final approval on February 18, 2022, and the Company paid the settlement during fiscal 2022. On July 1, 2025, a similar class of growers filed a putative class action complaint in the same federal district court against certain poultry processing companies not named as defendants in the Broiler Chicken Grower Litigation and arising from a similar set of allegations. The Company is not a defendant in this case and does not expect to be named as a defendant.
In October 2022, the DOJ’s Antitrust Division opened a civil investigation into broiler chicken grower contracts and alleged non-competitive practices involving performance-based compensation sharing for the purpose of stabilizing compensation below competitive levels. We continue to cooperate with the investigation. The Company has not recorded any liability for this matter as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time.
Pork Antitrust Litigation
Beginning June 18, 2018, a series of putative class action complaints were filed against us and certain of our pork subsidiaries, as well as several other pork processing companies, in the United States District Court for the District of Minnesota styled In re Pork Antitrust Litigation (the “Pork Antitrust Civil Litigation”). The plaintiffs allege, among other things, that beginning in January 2009, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of pork and pork products in violation of federal antitrust laws. The complaints on behalf of the putative classes of indirect purchasers also include causes of action under various state unfair competition laws, consumer protection laws, and unjust enrichment common laws. The plaintiffs seek treble damages, injunctive relief, pre- and post-judgment interest, costs, and attorneys’ fees on behalf of the putative classes. Since the original filing, certain putative class members have opted out of the matter and are proceeding with individual direct actions making similar claims, and others may try to do so in the future.
The Offices of the Attorney General in New Mexico and Alaska have filed complaints against us and certain of our pork subsidiaries, as well as several other pork processing companies and Agri Stats. The complaints are based on allegations similar to those asserted in the Pork Antitrust Civil Litigation and allege violations of state antitrust, unfair trade practice, and unjust enrichment laws based on allegations of conspiracies to exchange information and manipulate the supply of pork. On October 18, 2024, we reached a settlement with the State of Alaska to resolve all claims made against the Company for an immaterial amount. The court approved the settlement on January 7, 2025. On May 9, 2025, the Company reached an agreement in principle with the State of New Mexico to resolve all claims made against the Company for an immaterial amount. This agreement remains subject to Court approval. While the Company believes it has meritorious defenses to the claims that have been made, we believe that this settlement is in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation.
In the third quarter of fiscal 2024, we filed and joined motions for summary judgment. On March 31, 2025, the court denied those summary judgment motions as to the claims against the Company. The Company anticipates multiple trials in this matter in various federal districts, with various classes of plaintiffs as well as opt-out plaintiffs, with the first trial expected to begin in fiscal 2026. While we believe we have valid and meritorious defenses to the claims that have been made in the Pork Antitrust Civil Litigation and the related Attorney General matters, we are exploring the possibility of entering into settlements as a way to avoid the uncertainty, risk, expense and distraction of protracted litigation. On April 11, 2025, the Company reached an agreement in principle with the direct purchase class plaintiffs to settle their claims in this matter for an aggregate of $50 million. On April 28, 2025, the Court granted preliminary approval of this settlement. On September 25, 2025, the Company reached an agreement with the consumer indirect purchaser class to settle their claims in this matter for an aggregate of $85 million, subject to court approval.
The Company recorded aggregate legal contingency accruals of $380 million and $45 million in fiscal years 2025 and 2024, respectively. During fiscal 2025, the Company reduced its total recorded legal contingency accrual by $50 million for amounts it had paid related to these matters. At September 27, 2025 and September 28, 2024, the legal contingency accrual for claims related to the Pork Antitrust Civil Litigation matter described above was $268 million and $45 million, respectively. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time. However, if facts and circumstances of the matter or assumptions based on present conditions used to determine our estimated liability were to significantly change, we may be exposed to additional material losses.
Beef Antitrust Litigation and Related Matters
Beginning on April 23, 2019, a series of class action complaints were filed against us and our beef and pork subsidiary, Tyson Fresh Meats, Inc. (“Tyson Fresh Meats”), as well as other beef packer defendants, in various federal district courts, including the United States District Court for the Northern District of Illinois, the United States District Court for the District of Minnesota, and the United States District Court for the District of Kansas, by putative classes of direct purchasers, cattle ranchers, indirect purchasers, and indirect cattle producers. The putative classes in these cases allege that the defendants engaged in one or more conspiracies beginning in roughly January 2015 with the aim of reducing fed cattle prices, manipulating the price of live cattle futures and options traded on the Chicago Mercantile Exchange, artificially increasing the cost of beef, and reducing the price of cows, cattle, calves, steers or heifers. The putative classes allege that this conduct violated federal antitrust laws, the Grain Inspection, Packers and Stockyards Act of 1921, the Commodities Exchange Act, and various state unfair competition, consumer protection, and unjust enrichment laws. Their complaints seek, among other things, treble monetary damages, punitive damages, restitution, and pre- and post-judgment interest, as well as declaratory and injunctive relief. Since the original filing, certain putative class members have opted out of the matter and are proceeding with individual direct actions making similar claims, and others may do so in the future. These cases have been transferred to the United States District Court for the District of Minnesota for pretrial purposes. The fact discovery phase ended in early April 2025, and the parties are now engaged in expert discovery. Additionally, the putative classes filed motions for class certification on September 25, 2024, which remain pending before the court. On September 29, 2025, the Company reached an agreement with the consumer indirect purchaser plaintiff class to settle their claims in this matter for an aggregate of $55 million, subject to court approval.
On February 18, 2022, a putative class action was commenced against us, Tyson Fresh Meats, and other beef packer defendants in the Supreme Court of British Columbia styled Bui v. Cargill, Incorporated et al. The putative class is comprised of direct and indirect beef purchasers in Canada between January 1, 2015 and the present, and alleges that the defendants conspired to fix, maintain, increase, or control the price of beef, as well as to fix, maintain, control, prevent, or lessen the production or supply of beef. The complaint alleges a violation of the Competition Act, civil conspiracy, unjust enrichment, and a violation of the Civil Code of Québec. It seeks declarations regarding the alleged conspiracy, general damages, aggravated, exemplary, and punitive damages, injunctive relief, costs, and interest. On March 24, 2022, a putative class action was commenced against the same defendants in the Superior Court of Québec styled De Bellefeuille v. Cargill, Incorporated et al, raising substantially similar allegations and seeking compensatory damages, costs of investigation and interest.
While we believe we have valid and meritorious defenses to the claims that have been made in the Beef Antitrust Civil Litigation and related matters, we are also exploring opportunities to reach settlements if it would be in the best interest of the Company, as doing so could avoid the uncertainty, risk, expense and distraction of protracted litigation.
On May 22, 2020, December 23, 2020 and October 29, 2021, we received civil investigative demands (“CIDs”) from the DOJ’s Civil Antitrust Division. The CIDs requested information related to the fed cattle and beef packing markets. We have cooperated with the DOJ with respect to the CIDs. The Offices of the Attorney General for multiple states participated in the investigation and coordinated with the DOJ.
Accordingly, during fiscal 2025, we recorded a legal contingency accrual of $318 million for claims related to the Beef Antitrust Civil Litigation matter, which remains outstanding as of September 27, 2025. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time. However, if facts and circumstances of the matter or assumptions based on present conditions used to determine our estimated liability were to significantly change, we may be exposed to additional material losses.
Wage Rate Litigation and Related Matters
Poultry. On August 30, 2019, a putative class of non-supervisory production and maintenance employees at chicken processing plants in the continental United States filed class action complaints against us and certain of our subsidiaries, as well as several other poultry processing companies, in the United States District Court for the District of Maryland. The plaintiffs allege that the defendants directly and through a wage survey and benchmarking service exchanged information regarding labor rates in an effort to depress and fix the rates of wages for non-supervisory production and maintenance workers in violation of federal antitrust laws. Additional lawsuits making similar allegations were consolidated including an amended consolidated complaint containing additional allegations concerning turkey processing plants naming additional defendants. On May 10, 2024 and June 3, 2024, the Company participated in mediation with the putative class plaintiffs. Following the mediation, on June 14, 2024, the Company reached an agreement in principle with the putative class plaintiffs to settle all claims in the case for an aggregate amount of $115.5 million. On February 11, 2025, the court entered an order granting preliminary approval of the settlement. If the court grants final approval to the settlement, it will completely resolve all claims made against the Company in this matter. While we believe we have valid and meritorious defenses against the allegations, we believe that the proposed settlement is in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation. During fiscal 2025, settlement payments of the accrued amount were paid as a result of the preliminary court approval. At September 27, 2025, there was no remaining accrual related to the Poultry wage rate litigation matter described above.
The DOJ’s Antitrust Division has opened a civil investigation into human resources at several poultry companies. We are cooperating with the investigation. The Company has not recorded any liability for this matter as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time.
Fresh Meats. On November 11, 2022, a putative class of employees at beef-processing and pork-processing plants in the continental United States filed a class action complaint against us and certain of our subsidiaries, as well as several other beef-processing and pork-processing companies, in the United States District Court for the District of Colorado. The plaintiffs allege that the defendants directly and through a wage survey and benchmarking service exchanged information regarding labor rates in an effort to depress and fix the rates of wages for employees in violation of federal antitrust laws.
On December 22, 2023, after a mediation between the parties, the Company and the putative class plaintiffs reached an in-principle agreement to settle. While we believe we have valid and meritorious defenses against the allegations, we believe that the proposed settlement is in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation. Under the terms of the settlement, the Company agreed to pay the putative class an aggregate amount of $72.5 million to completely resolve all claims made against the Company in this matter. The court approved the settlement on January 15, 2025. During fiscal 2024, the Company recorded an accrual for the $72.5 million settlement which was paid during fiscal 2025 as a result of the court approval.
Other Matters
Our subsidiary, The Hillshire Brands Company (formerly named Sara Lee Corporation), is a party to a consolidation of cases filed by individual complainants with the Republic of the Philippines, Department of Labor and Employment and the National Labor Relations Commission (“NLRC”) from 1998 through July 1999. The complaint was filed against Aris Philippines, Inc., Sara Lee Corporation, Sara Lee Philippines, Inc., Fashion Accessories Philippines, Inc., and Attorney Cesar C. Cruz (collectively, the “respondents”). The complaint alleges, among other things, that the respondents engaged in unfair labor practices in connection with the termination of manufacturing operations in the Philippines in 1995 by Aris Philippines, Inc., a former subsidiary of The Hillshire Brands Company. In late 2004, a labor arbiter ruled against the respondents and awarded the complainants approximately $59 million in damages and fees. From 2004 through 2014, the parties filed numerous appeals, motions for reconsideration and petitions for review, certain of which remained outstanding for several years. On December 15, 2016, we learned that the NLRC rendered its decision on November 29, 2016, regarding the respondents’ appeals from the labor arbiter’s 2004 ruling in favor of the complainants. The NLRC increased the award for 4,922 of the total 5,984 complainants to approximately $255 million. However, the NLRC approved a prior settlement reached with the group comprising approximately 18% of the class of 5,984 complainants, pursuant to which The Hillshire Brands Company agreed to pay each settling complainant approximately $1,200. The parties filed numerous appeals, motions for reconsideration and petitions for review related to the NLRC award and settlement payment. The Court of Appeals of the Philippines subsequently vacated the NLRC’s award on April 12, 2018. Complainants filed motions for reconsideration with the Court of Appeals which were denied. Claimants have since filed petitions for writ of certiorari with the Supreme Court of the Philippines, which have been accepted. The Company continues to maintain an accrual in an immaterial amount for estimated probable losses for this matter in the Company’s Consolidated Financial Statements. The Company does not believe that a range of possible loss, if any, in excess of the
recorded accrual is reasonably estimable at this time.
Various claims have been asserted against the Company, its subsidiaries, and its officers and agents by, and on behalf of, team members who claim to have contracted COVID-19 in our facilities. The Company has not recorded any liability for these matters as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time, because it believes the allegations in the claims are without merit and that the Company has valid and meritorious defenses against the allegations.
v3.25.3
SEC Schedule, Article 12-09, Valuation and Qualifying Accounts
12 Months Ended
Sep. 27, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure
FINANCIAL STATEMENT SCHEDULE
TYSON FOODS, INC.
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
Fiscal year ended September 27, 2025, September 28, 2024 and September 30, 2023
Additions
in millionsBalance at
Beginning
of Period
Charged to
Costs and
Expenses
Charged to
Other 
Accounts
(Deductions)Balance at End
of Period
Allowance for Credit Losses:
2025$38 $18 $— $(7)$49 
202431 14 — (7)38 
202329 12 — (10)31 
Inventory Lower of Cost or Net Realizable Value Allowance:
2025$115 $268 $— $(245)$138 
2024145 349 — (379)115 
202360 333 — (248)145 
Valuation Allowance on Deferred Tax Assets:
2025$193 $(14)$— $(6)$173 
2024199 — — (6)193 
2023195 — — 199 
v3.25.3
Insider Trading Arrangements
3 Months Ended
Sep. 27, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.3
Cybersecurity Risk Management and Strategy Disclosure
12 Months Ended
Sep. 27, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Governance
As part of our overall risk management program, we run and maintain a formal information security, cybersecurity, and privacy program led by our Chief Information Security Officer (“CISO”) that uses a risk-based approach to evaluate new technology, third parties, and changes to the technology landscape. The program is assessed using multiple industry frameworks including the National Institute of Standards and Technology Cybersecurity Framework (NIST-CSF Version 2.0). We engage with industry partners, assessment firms and advisors, law enforcement, and others to periodically assess our cybersecurity capabilities, and utilize a defense-in-depth approach to protect our systems and services.
Additionally, we assess data risks using privacy impact assessments and manage these risks in close alignment with data governance, operations, and analytics teams. We identify assets and their criticality to business operations and provide reasonable protection, threat detection, response and recovery capabilities.
We address third-party cybersecurity risks presented by our use of third-party software, service, data and technology providers, including cloud-based services, and proactively evaluate the cybersecurity risk of third parties using multiple evaluation factors which are aligned with our contracting and vendor selection processes. We actively work with internal partners to assess and implement methods of transferring risk to appropriate parties.
Identification
We assess our technology assets and their vulnerabilities, including risks from our suppliers and vendors, to prioritize and improve program efforts consistent with our risk management strategy. We engage in the periodic assessment and testing of our program. These include tabletop exercises, vulnerability testing and other methods focused on evaluating the effectiveness of our cybersecurity measures and planning. We actively engage third parties to assist with our assessments and testing processes. We adjust our cybersecurity policies, standards, processes and practices, where appropriate, based on internal and external assessments and testing results.
Protection
We provide technical safeguards that are designed to provide commercially reasonable protection of our technology and information systems. We actively monitor and assess the impact of potential cybersecurity threats to our technology systems. We partner with public and private organizations, such as the Food and Agriculture Information Sharing and Analysis Center (Food and Ag-ISAC), to understand and modify our programs to respond to an ever-evolving threat landscape. We implement training and awareness practices to mitigate human risk, including regular phishing awareness campaigns, mandatory computer-based training and internal communications.
Detection, Response and Recovery
We employ threat monitoring and detection capabilities intended to identify active attackers and threats to our technology systems. We have established a defined incident response plan to assess, respond and recover from cybersecurity incidents, including cyberattacks and other non-cybersecurity related business technology outages. The plan includes the coordination of activities that include an evaluation of materiality and facilitation of any required notifications, regulatory obligations and disclosures.
We are not aware of any risks from cybersecurity threats, including as a result of previous cybersecurity incidents, which have materially affected us or are reasonably likely to materially affect us, including our business strategy, results of operations, or financial condition. However, the cybersecurity threat environment is increasingly challenging, and we constantly face risks from cybersecurity threats. There can be no assurance that we, or the third parties with which we interact, will not experience a cybersecurity incident in the future that could materially affect us. Additional information about the cybersecurity risks we face is discussed in Item 1A. Risk Factors, which should be read in conjunction with the information above.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
As part of our overall risk management program, we run and maintain a formal information security, cybersecurity, and privacy program led by our Chief Information Security Officer (“CISO”) that uses a risk-based approach to evaluate new technology, third parties, and changes to the technology landscape. The program is assessed using multiple industry frameworks including the National Institute of Standards and Technology Cybersecurity Framework (NIST-CSF Version 2.0). We engage with industry partners, assessment firms and advisors, law enforcement, and others to periodically assess our cybersecurity capabilities, and utilize a defense-in-depth approach to protect our systems and services.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
The Board of Directors and management work together to manage cybersecurity risk as part of our broader enterprise risk management approach.
Our Board of Directors has delegated risk management oversight responsibility for information security, which includes data privacy and cybersecurity, to the Governance and Nominating Committee. In addition, beginning in fiscal 2025, the Company’s Board of Directors appointed a special committee of the Board of Directors (the “Technology Committee”) to oversee and advise on technology-related strategies, investments, risks and innovations to enable alignment with the Company’s strategy, operational priorities and cybersecurity protections. Among other responsibilities, the Technology Committee oversees the Company’s cybersecurity framework, data privacy practices, and information security programs and scorecards.
Certain of our board members, including certain members of our Governance and Nominating Committee and the Technology Committee have backgrounds or experience in risk management and/or information technology. On at least an annual basis, the Governance and Nominating Committee receives updates from our CISO, Chief Technology Officer (“CTO”) and other members of management on risks related to information systems, information security, data privacy and cybersecurity. The Board of Directors also receives regular reports from the Governance and Nominating Committee and the Technology Committee on these and other risk-related matters as necessary. Our CISO provides information to the Technology Committee pursuant to risk-based escalation protocols for cybersecurity incidents that exceed designated thresholds.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] has delegated risk management oversight responsibility for information security, which includes data privacy and cybersecurity, to the Governance and Nominating Committee. In addition, beginning in fiscal 2025, the Company’s Board of Directors appointed a special committee of the Board of Directors (the “Technology Committee”) to oversee and advise on technology-related strategies, investments, risks and innovations to enable alignment with the Company’s strategy, operational priorities and cybersecurity protections. Among other responsibilities, the Technology Committee oversees the Company’s cybersecurity framework, data privacy practices, and information security programs and scorecards.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] On at least an annual basis, the Governance and Nominating Committee receives updates from our CISO, Chief Technology Officer (“CTO”) and other members of management on risks related to information systems, information security, data privacy and cybersecurity. The Board of Directors also receives regular reports from the Governance and Nominating Committee and the Technology Committee on these and other risk-related matters as necessary. Our CISO provides information to the Technology Committee pursuant to risk-based escalation protocols for cybersecurity incidents that exceed designated thresholds.
Cybersecurity Risk Role of Management [Text Block]
Our CISO leads the Information Security team and has global responsibility for overseeing our information security, data privacy and cybersecurity program. The program is operationalized through use of multi-disciplinary teams including governance, risk and compliance; identity and access management; cloud and infrastructure security; data security; application security; vulnerability and threat management; and security detection and response operations.
Additionally, our CISO monitors the prevention, detection, mitigation and remediation of cybersecurity incidents and reports cybersecurity incidents that reach designated thresholds to senior management and, if necessary, to the Governance and Nominating committee. Our CISO has been with the Company since 1997, has held numerous roles in information technology and has led the information security program since 2016. Our CTO, to whom the CISO reports, has been with the Company since 2013 and has served as the Company’s CTO since 2025.
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our CISO leads the Information Security team and has global responsibility for overseeing our information security, data privacy and cybersecurity program.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our CISO has been with the Company since 1997, has held numerous roles in information technology and has led the information security program since 2016. Our CTO, to whom the CISO reports, has been with the Company since 2013 and has served as the Company’s CTO since 2025.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] Additionally, our CISO monitors the prevention, detection, mitigation and remediation of cybersecurity incidents and reports cybersecurity incidents that reach designated thresholds to senior management and, if necessary, to the Governance and Nominating committee.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.3
Business And Summary Of Significant Accounting Policies (Policy)
12 Months Ended
Sep. 27, 2025
Policy Text Block [Abstract]  
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.
Accounting Policies BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Description of Business
Tyson Foods, Inc. (collectively, “Company,” “we,” “us” or “our”), is a world-class food company and recognized leader in protein. Founded in 1935 by John W. Tyson, it has grown under four generations of family leadership. The Company is unified by this purpose: Tyson Foods. We Feed the World Like Family™ and has a broad portfolio of iconic products and brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, Aidells® and ibp®. Tyson Foods is dedicated to bringing high-quality food to every table in the world, safely, and affordably, now and for future generations.
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 52-week year for fiscal 2025, 2024 and 2023.
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. Checks outstanding in excess of related book cash balances totaled approximately $100 million at September 27, 2025 and September 28, 2024.
Accounts Receivable
We record accounts receivable at net realizable value. This value includes an appropriate allowance for estimated credit losses to reflect any loss anticipated on the accounts receivable balances and charged to the allowance for credit losses. We calculate this allowance based on our history of write-offs, future economic conditions, level of past due accounts, and relationships with and economic status of our customers. At September 27, 2025, and September 28, 2024, our allowance for credit losses was $49 million and $38 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. At September 27, 2025, the cost of inventories was determined by either the first-in, first-out method or the weighted-average method, which is consistent with the methods used at September 28, 2024. Inventories are presented net of lower of cost or net realizable value adjustments of $138 million and $115 million as of September 27, 2025 and September 28, 2024, respectively. The following table reflects the major components of inventory as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Processed products$3,086 $2,897 
Livestock1,729 1,460 
Supplies and other866 838 
Total inventory$5,681 $5,195 
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 15 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 indications 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 group. 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 growth, operating margins, 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. The first day of the fourth quarter is our annual impairment assessment date for goodwill and indefinite life intangible assets. However, we could be required to evaluate the recoverability of goodwill and indefinite life intangible assets outside of the required annual assessment if, among other things, we experience disruptions to the business, unexpected significant declines in operating results, divestiture of a significant component of the business, sustained decline in market capitalization or significant changes in macro-economic factors such as increased interest and discount rates.
Our goodwill and indefinite life intangible assets are evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative test is necessary. If it is determined, based on qualitative factors, the fair value of the reporting unit or indefinite life intangible asset may more likely than not be less than the carrying value, or if significant changes to macro-economic factors have occurred that could materially impact fair value, a quantitative impairment test would be required. The quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit or indefinite life intangible asset with its carrying value. If the carrying value of the reporting unit or indefinite life intangible asset exceeds the fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the carrying value of goodwill or the indefinite life intangible asset.
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 growth, operating margins, discount rates and valuation 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.
The fair value of our indefinite life intangible assets when performing a quantitative assessment 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 growth, operating margins, royalty rates and discount rates based on budgets, business plans, economic projections, anticipated future cash flows and marketplace data.
Some of the inherent estimates and assumptions used in determining fair value of the reporting units and indefinite life intangible assets are outside the control of management, including interest rates, cost of capital, tax rates, market EBITDA comparables and credit ratings. While we believe we have made reasonable estimates and assumptions to calculate the fair value of the reporting units, it is possible a material change could occur. If our actual results are not consistent with our estimates and assumptions used to calculate fair value, it could result in material impairments of our goodwill or indefinite life intangible assets.
During fiscal 2023, we experienced lower than anticipated operating results and changing market fundamentals, as well as a drop in our market capitalization to below book value and an increase in long-term treasury rates which caused a net 50 basis point increase in the discount rates used in estimating the fair value of the reporting units. Based on quantitative assessments in fiscal 2023, we recognized $781 million of goodwill impairment charges, including $333 million to partially impair the goodwill of the Beef reporting unit, $238 million to fully impair the goodwill of two of our International/Other reporting units and $210 million to partially impair the goodwill of a Chicken segment reporting unit. During fiscal 2024, we determined none of our reporting units’ fair values were below their carrying values. Additionally, during the third quarter of fiscal 2025, our Beef reporting unit experienced lower than anticipated supply of market-ready cattle and an increased carrying value primarily associated with higher cattle costs. Also, our forecasts indicated the timing of the recovery of market-ready cattle associated with the anticipated cattle herd rebuilding would be longer than previously estimated. Consequently, we determined the fair value of our Beef reporting unit was more likely than not less than the carrying value and performed a quantitative assessment. Based on this quantitative assessment, we recognized a $343 million goodwill impairment charge to fully impair the remaining goodwill of the Beef reporting unit.
During fiscal 2025, 2024 and 2023, we determined the fair value of each of our indefinite life intangible assets exceeded its carrying value.
We consider reporting units and indefinite life intangible assets that have 20% or less excess fair value over carrying value to have a heightened risk of impairment. One of our International/Other reporting units, which had goodwill of $0.2 billion at September 27, 2025, was considered at heightened risk of impairment as of the date of the most recent estimated fair value determination. All of our other remaining reporting units and all our indefinite life intangible assets’ estimated fair values exceeded their carrying values by more than 20% as of their most recent assessments. Although the remaining reporting units and indefinite life intangible assets had more than 20% excess fair value over carrying value as of the date of the most recent estimated fair value determination, they remain susceptible to impairments if any assumptions, estimates, or market factors significantly change in the future.
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. 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 Cash flows from operating activities and all finance lease principal payments are presented within cash flows from 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. Under the equity method of accounting, the initial investment is recorded at cost and the investment is subsequently adjusted for its proportionate share of earnings or losses and dividends, including consideration of basis differences resulting from the difference between the initial carrying amount of the investment and the underlying equity in net assets, as applicable. Equity method investments totaled $566 million and $550 million at September 27, 2025 and September 28, 2024, respectively.
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 as a component of 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 due to credit-related factors are recorded on a net basis in Other, net in the Consolidated Statements of Income. Interest and dividends on securities classified as available-for-sale are recorded in Interest income in the Consolidated Statements of 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 as of September 27, 2025 and September 28, 2024, include (in millions):
 20252024
Accrued salaries, wages and benefits$909 $912 
Taxes payable193 210 
Accrued current legal contingencies712 349 
Other1,065 840 
Total other current liabilities$2,879 $2,311 
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, during 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. 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, inventories on hand and 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 Accruals
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.
Supplier Financing Programs
We have supplier financing programs with financial institutions, in which we agree to pay the financial institution the stated amount of confirmed invoices on the invoice due date for participating suppliers. Participation in these programs is optional and solely up to the supplier, who negotiates the terms of the arrangement directly with the financial institution and may allow early payment. Supplier participation in these programs has no bearing on the Company's amounts due. The payment terms that we have with participating suppliers under these programs are generally up to 120 days. We do not have an economic interest in a supplier's participation in the program or a direct financial relationship with the financial institution funding the program. We are responsible for ensuring that participating financial institutions are paid according to the terms negotiated with the supplier. The outstanding payment obligations due to the financial institutions as of the end of a period are included in accounts payable in the Consolidated Balance Sheets. The activity related to these programs is reflected within the operating activities section of the Consolidated Statements of Cash Flows. Changes in the amounts outstanding on our supplier financing programs were (in millions):
September 27, 2025
Confirmed obligations outstanding at the beginning of year$45 
Invoices confirmed288 
Confirmed invoices paid(281)
Confirmed obligations outstanding at the end of year$52 
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 $244 million, $267 million, and $339 million in fiscal 2025, 2024 and 2023, respectively.
Research and Development
Research and development costs are expensed as incurred. Research and development costs totaled $126 million, $106 million, $114 million in fiscal 2025, 2024 and 2023, 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 growth, operating margins, attrition rates, and discount rates based on historical results, business plans, expected synergies, perceived risk, and marketplace 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.
Government Assistance Programs
We periodically receive government assistance typically in the form of cash grants or refundable tax credits (collectively “Grants”). The Grants generally specify conditions that must be met in order for the Grants to be earned, such as employment, employee retention targets, and construction or acquisition of property and equipment and are often time-bound. If conditions are not satisfied or if the duration period for the arrangement is not met, the Grants may be subject to reduction, repayment, or termination.
During fiscal years 2025, 2024, and 2023, we received amounts related to Grants that were not material to the financial statements; however, this conclusion can change based on additional grants received in the future. To the extent amounts have been received by the Company in advance of completion of the conditions, they have been recognized in other current liabilities or other liabilities in the Consolidated Balance Sheets, as appropriate.
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. During fiscal 2023, we revised estimates and recorded adjustments of approximately $30 million primarily to reduce certain employee compensation accruals recorded as of October 1, 2022.
Recently Issued Accounting Pronouncements
In September 2025, the Financial Accounting Standards Board (the "FASB") issued authoritative guidance to modernize the accounting for internal-use software costs including the elimination of the stage-based capitalization model and updated disclosure requirements. The guidance is effective for annual reporting periods beginning after December 15, 2027, our fiscal 2029, and interim reporting periods within those annual reporting periods. Amendments can be applied using a prospective transition approach, a modified transition approach, or a retrospective transition approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In November 2024, the FASB issued authoritative guidance to disclose certain additional expense information including, among other items, purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each Consolidated Statement of Income expense caption. The guidance is effective for annual reporting periods beginning after December 15, 2026, our fiscal 2028, and interim reporting periods within fiscal years beginning after December 15, 2027, our fiscal 2029. Amendments can be applied using either the prospective or the retrospective approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In December 2023, the FASB issued authoritative guidance to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The guidance is effective for annual reporting periods beginning after December 15, 2024, our fiscal 2026, and should be applied on a prospective basis with the option to apply retrospectively. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
Nature of Operations
Description of Business
Tyson Foods, Inc. (collectively, “Company,” “we,” “us” or “our”), is a world-class food company and recognized leader in protein. Founded in 1935 by John W. Tyson, it has grown under four generations of family leadership. The Company is unified by this purpose: Tyson Foods. We Feed the World Like Family™ and has a broad portfolio of iconic products and brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, Aidells® and ibp®. Tyson Foods is dedicated to bringing high-quality food to every table in the world, safely, and affordably, now and for future generations.
Restructuring and Related Charges RESTRUCTURING AND RELATED CHARGES
Network Optimization Plan
During fiscal 2025, the Company initiated a network optimization plan to optimize our global operations and logistics network. We are reporting on actions approved through the end of fiscal 2025 as we are currently unable to make an estimate of the cost of the entire network optimization plan. We anticipate recognizing total pretax charges of $86 million related to the actions approved through September 27, 2025, which include $99 million of charges that have resulted or will result in cash outflows and $94 million of non-cash charges, partially offset by $107 million gain recognized from the sale of storage facilities. Additionally, we have received $252 million in proceeds associated with the sale of storage facilities during fiscal 2025. We expect to incur costs related to the network optimization plan over a multi-year period and anticipate additional charges in the future as further actions are approved.
In fiscal 2025, we recognized net charges of $45 million related to the network optimization plan, which included a gain of $107 million from the sale of storage facilities. The charges primarily included the closure of two facilities in the Prepared Foods segment, a non-harvesting facility closure in the Beef segment, and asset write-offs in the Chicken and Prepared Foods segments and International/Other, as well as severance and related costs and contract and lease termination costs. Additionally, in fiscal 2025, we executed various long-term cold storage service agreements and sold multiple Tyson-owned and operated storage facilities which primarily support our Chicken and Prepared Foods segments. As part of the sale agreements, we leased back the storage facilities for various periods ranging from approximately one to three years, and entered into long-term cold storage service agreements associated with several fully automated cold storage facilities. We expect this will reduce network complexity, streamline inventory flow, simplify processes and reduce operating expenses.
The following table reflects pretax (income) expense related to the network optimization plan during fiscal 2025 (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Cost of Sales:
Severance and related costs$$— $$$$18 
Accelerated depreciation38 — — — 39 
Asset write-offs— 33 34 12 82 
Contract and lease terminations— — 11 
Gain on sale of storage facilities— — (38)(69)— (107)
Total Cost of Sales$48 $— $$(26)$14 $43 
Selling, General and Administrative:
Severance and related costs— — — — 
Total Selling, General and Administrative$— $— $$— $— $
Total$48 $— $$(26)$14 $45 
As of September 27, 2025, there was $34 million of network optimization plan liability, net of $19 million of payments during fiscal 2025 in addition to a receivable of $43 million for the deferred purchase price from the sale of storage facilities, which is expected to be received in fiscal 2026.
2022 Program
The Company approved a restructuring program in fiscal 2022 (the "2022 Program"), to improve business performance, increase collaboration, enhance team member agility, enable faster decision-making and reduce redundancies. In conjunction with the 2022 Program, the Company relocated all its corporate team members from its former Chicago, Downers Grove and Dakota Dunes area corporate locations to its world headquarters in Springdale, Arkansas. The 2022 Program and associated expenses were completed in our fiscal 2024, and accordingly, disclosures for certain years have been omitted as they have been deemed to be immaterial.
The following table reflects the pretax impact of the 2022 Program's restructuring and related charges during fiscal 2024 and 2023, respectively, by reportable segment (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$$— $$$— $
Relocation and related costs— — 
Accelerated depreciation— — — — — — 
Contract and lease terminations— — — 19 — 19 
Professional and other fees— — — — — — 
2024 Total$$$$24 $— $31 
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$$$14 $16 $15 $55 
Relocation and related costs18 16 — 42 
Accelerated depreciation— 12 — 19 
Contract and lease terminations— — — — 
Professional and other fees— — 
2023 Total$33 $11 $16 $49 $15 $124 
Included in the above results are cash charges of $21 million and $108 million in fiscal 2024 and 2023, respectively. Included in the above results are non-cash charges of $10 million and $16 million in fiscal 2024 and 2023, respectively.
The following table reflects the pretax impact of the 2022 Program's restructuring and related charges as reflected in our Consolidated Statements of Income (in millions):
20242023
Cost of Sales$— $29 
Selling, General and Administrative31 95 
Total$31 $124 
Plant Closures and Disposals
During fiscal 2023, to optimize asset utilization, the Company approved the closure of six Chicken segment processing facilities and during fiscal 2024, approved the closure of two case ready value-added plants in our Beef segment and a processing facility in our Pork segment. We ceased operations and shifted production to other facilities throughout fiscal 2023 and fiscal 2024.
During fiscal 2024 and 2023, as a result of the plant closures and disposals, we recorded charges of $198 million and $322 million, respectively, primarily related to grower contract terminations, accelerated depreciation, severance, retention and related costs, and recorded a gain of $16 million during fiscal 2024 related to the sale of a Chicken segment facility. During fiscal 2025, we recorded $23 million of additional charges related to contract termination costs, partially offset by $6 million of proceeds received related to a China plant relocation, which will collectively result in cash flows. Additionally, during fiscal 2023, we recorded an impairment charge of $17 million related to the discontinuation of a product line in the Prepared Foods segment. These charges, net of gains, are reflected in the Consolidated Statements of Income in Cost of Sales. Included in the results for fiscal 2024 are $24 million of charges that have resulted or will result in cash outflows and $174 million in non-cash charges. Included in the results for fiscal 2023 are $201 million of charges that have resulted or will result in cash outflows and $138 million of non-cash charges.
The following table reflects our liability related to plant closures as of September 27, 2025 (in millions):
Balance at September 28, 2024Plant Closure ChargesPaymentsBalance at September 27, 2025
Contract termination$98 $23 $(49)$72 
Severance and retention— (5)— 
Total$103 $23 $(54)$72 
During fiscal 2024, we experienced a fire at a production facility in the Netherlands which is included in International/Other for segment presentation, and subsequently approved the sale of the facility. For fiscal 2024, charges totaled $86 million primarily related to property, plant and equipment impairments, severance costs, inventory write-offs and clean-up costs, partially offset by insurance proceeds. The net charges are reflected in the Consolidated Statements of Income in Cost of Sales and, for fiscal 2024, included $31 million of charges that have resulted or will result in cash outflows and $64 million of non-cash charges, offset by $9 million of insurance proceeds. In fiscal 2025, we recognized additional net insurance proceeds of $18 million.
We continue to strategically evaluate optimization of such items as network capacity, manufacturing efficiencies and business technology. If we have a significant change in strategies, outlook, or a manner in which we plan to use these assets, we may experience future charges.
Use of Estimates, Policy [Policy Text Block]
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. During fiscal 2023, we revised estimates and recorded adjustments of approximately $30 million primarily to reduce certain employee compensation accruals recorded as of October 1, 2022.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
In September 2025, the Financial Accounting Standards Board (the "FASB") issued authoritative guidance to modernize the accounting for internal-use software costs including the elimination of the stage-based capitalization model and updated disclosure requirements. The guidance is effective for annual reporting periods beginning after December 15, 2027, our fiscal 2029, and interim reporting periods within those annual reporting periods. Amendments can be applied using a prospective transition approach, a modified transition approach, or a retrospective transition approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In November 2024, the FASB issued authoritative guidance to disclose certain additional expense information including, among other items, purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each Consolidated Statement of Income expense caption. The guidance is effective for annual reporting periods beginning after December 15, 2026, our fiscal 2028, and interim reporting periods within fiscal years beginning after December 15, 2027, our fiscal 2029. Amendments can be applied using either the prospective or the retrospective approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In December 2023, the FASB issued authoritative guidance to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The guidance is effective for annual reporting periods beginning after December 15, 2024, our fiscal 2026, and should be applied on a prospective basis with the option to apply retrospectively. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
Changes in Accounting Principles CHANGES IN ACCOUNTING PRINCIPLES
In November 2023, the FASB issued authoritative guidance to improve the disclosures about a public entity's reportable segments and address requests from investors for additional, more detailed information about a reportable segment's expenses. The guidance is effective for annual reporting periods beginning after December 15, 2023, our fiscal 2025, and interim reporting periods within fiscal years beginning after December 15, 2024, our fiscal 2026. Amendments will be applied retrospectively to all prior periods presented in the financial statements. We adopted this guidance and included the required disclosure in the notes to our annual consolidated financial statements for our fiscal year ending September 27, 2025.
In March 2023, the FASB issued authoritative guidance intended to address issues related to arrangements between entities under common control such as terms and conditions an entity should consider for determining whether a lease exists and the classification and accounting for that lease as well as accounting for leasehold improvements associated with leases between entities under common control. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2023, our fiscal 2025 and can be applied using either the prospective or retrospective approach. The adoption of this guidance did not have a material impact on our consolidated financial statements.
In September 2022, the FASB issued guidance that requires additional disclosures for supplier finance programs to allow users to better understand the nature, activity and potential magnitude of the programs. The guidance, except for a requirement for rollforward information, is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2022, our fiscal 2024. Disclosure of rollforward information is effective for fiscal years beginning after December 15, 2023, our fiscal 2025. Early adoption is permitted and the retrospective transition method should be applied for all amendments except rollforward information, which should be applied prospectively. We elected to early adopt the initial disclosure requirement for the fiscal year ended September 30, 2023, and it did not have a material impact on our consolidated financial statements. We adopted the rollforward requirement in the notes to our annual consolidated financial statements for the fiscal year ended September 27, 2025.
In November 2021, the FASB issued authoritative guidance intended to provide consistent and transparent disclosures around government assistance by requiring disclosures of the type of government assistance, our method of accounting for the government assistance and the effect on our financial statements. This guidance is effective for annual reporting periods beginning after December 15, 2021, our fiscal 2023, and can be applied using either the prospective or retrospective approach. We adopted this guidance for the fiscal year ended September 30, 2023, and it did not have a material impact on our consolidated financial statements as amounts received from government assistance programs were not material.
Fiscal Period, Policy
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 52-week year for fiscal 2025, 2024 and 2023.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy
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. Checks outstanding in excess of related book cash balances totaled approximately $100 million at September 27, 2025 and September 28, 2024.
Receivable
Accounts Receivable
We record accounts receivable at net realizable value. This value includes an appropriate allowance for estimated credit losses to reflect any loss anticipated on the accounts receivable balances and charged to the allowance for credit losses. We calculate this allowance based on our history of write-offs, future economic conditions, level of past due accounts, and relationships with and economic status of our customers. At September 27, 2025, and September 28, 2024, our allowance for credit losses was $49 million and $38 million, respectively. We generally do not have collateral for our receivables, but we do periodically evaluate the credit worthiness of our customers.
Inventory, Policy
Inventories
Processed products, livestock and supplies and other are valued at the lower of cost or net realizable value. Cost includes purchased raw materials, live purchase costs, livestock growout costs (primarily feed, livestock grower pay and catch and haul costs), labor and manufacturing and production overhead, which are related to the purchase and production of inventories. At September 27, 2025, the cost of inventories was determined by either the first-in, first-out method or the weighted-average method, which is consistent with the methods used at September 28, 2024. Inventories are presented net of lower of cost or net realizable value adjustments of $138 million and $115 million as of September 27, 2025 and September 28, 2024, respectively.
Property, Plant and Equipment, Policy
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 15 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, Policy
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 indications 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 group. 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 growth, operating margins, 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. The first day of the fourth quarter is our annual impairment assessment date for goodwill and indefinite life intangible assets. However, we could be required to evaluate the recoverability of goodwill and indefinite life intangible assets outside of the required annual assessment if, among other things, we experience disruptions to the business, unexpected significant declines in operating results, divestiture of a significant component of the business, sustained decline in market capitalization or significant changes in macro-economic factors such as increased interest and discount rates.
Our goodwill and indefinite life intangible assets are evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative test is necessary. If it is determined, based on qualitative factors, the fair value of the reporting unit or indefinite life intangible asset may more likely than not be less than the carrying value, or if significant changes to macro-economic factors have occurred that could materially impact fair value, a quantitative impairment test would be required. The quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit or indefinite life intangible asset with its carrying value. If the carrying value of the reporting unit or indefinite life intangible asset exceeds the fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the carrying value of goodwill or the indefinite life intangible asset.
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 growth, operating margins, discount rates and valuation 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.
The fair value of our indefinite life intangible assets when performing a quantitative assessment 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 growth, operating margins, royalty rates and discount rates based on budgets, business plans, economic projections, anticipated future cash flows and marketplace data.
Some of the inherent estimates and assumptions used in determining fair value of the reporting units and indefinite life intangible assets are outside the control of management, including interest rates, cost of capital, tax rates, market EBITDA comparables and credit ratings. While we believe we have made reasonable estimates and assumptions to calculate the fair value of the reporting units, it is possible a material change could occur. If our actual results are not consistent with our estimates and assumptions used to calculate fair value, it could result in material impairments of our goodwill or indefinite life intangible assets.
During fiscal 2023, we experienced lower than anticipated operating results and changing market fundamentals, as well as a drop in our market capitalization to below book value and an increase in long-term treasury rates which caused a net 50 basis point increase in the discount rates used in estimating the fair value of the reporting units. Based on quantitative assessments in fiscal 2023, we recognized $781 million of goodwill impairment charges, including $333 million to partially impair the goodwill of the Beef reporting unit, $238 million to fully impair the goodwill of two of our International/Other reporting units and $210 million to partially impair the goodwill of a Chicken segment reporting unit. During fiscal 2024, we determined none of our reporting units’ fair values were below their carrying values. Additionally, during the third quarter of fiscal 2025, our Beef reporting unit experienced lower than anticipated supply of market-ready cattle and an increased carrying value primarily associated with higher cattle costs. Also, our forecasts indicated the timing of the recovery of market-ready cattle associated with the anticipated cattle herd rebuilding would be longer than previously estimated. Consequently, we determined the fair value of our Beef reporting unit was more likely than not less than the carrying value and performed a quantitative assessment. Based on this quantitative assessment, we recognized a $343 million goodwill impairment charge to fully impair the remaining goodwill of the Beef reporting unit.
During fiscal 2025, 2024 and 2023, we determined the fair value of each of our indefinite life intangible assets exceeded its carrying value.
We consider reporting units and indefinite life intangible assets that have 20% or less excess fair value over carrying value to have a heightened risk of impairment. One of our International/Other reporting units, which had goodwill of $0.2 billion at September 27, 2025, was considered at heightened risk of impairment as of the date of the most recent estimated fair value determination. All of our other remaining reporting units and all our indefinite life intangible assets’ estimated fair values exceeded their carrying values by more than 20% as of their most recent assessments. Although the remaining reporting units and indefinite life intangible assets had more than 20% excess fair value over carrying value as of the date of the most recent estimated fair value determination, they remain susceptible to impairments if any assumptions, estimates, or market factors significantly change in the future.
Lessee, Leases
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. 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 Cash flows from operating activities and all finance lease principal payments are presented within cash flows from financing activities in our Consolidated Statements of Cash Flows.
Investment, Policy
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. Under the equity method of accounting, the initial investment is recorded at cost and the investment is subsequently adjusted for its proportionate share of earnings or losses and dividends, including consideration of basis differences resulting from the difference between the initial carrying amount of the investment and the underlying equity in net assets, as applicable. Equity method investments totaled $566 million and $550 million at September 27, 2025 and September 28, 2024, respectively.
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 as a component of 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 due to credit-related factors are recorded on a net basis in Other, net in the Consolidated Statements of Income. Interest and dividends on securities classified as available-for-sale are recorded in Interest income in the Consolidated Statements of Income.
Self Insurance Reserve
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.
Pension and Other Postretirement Plans, Pensions, Policy
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.
Derivatives, Policy
Derivative Financial Instruments
We purchase certain commodities, such as grains and livestock, during 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. 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, inventories on hand and 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.
Legal Costs, Policy
Litigation Accruals
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
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 Cost
Advertising Expenses
Advertising expense is charged to operations in the period incurred and is recorded as selling, general and administrative expense. Advertising expense totaled $244 million, $267 million, and $339 million in fiscal 2025, 2024 and 2023, respectively
Research and Development Expense, Policy
Research and Development
Research and development costs are expensed as incurred. Research and development costs totaled $126 million, $106 million, $114 million in fiscal 2025, 2024 and 2023, respectively.
Business Combination
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 growth, operating margins, attrition rates, and discount rates based on historical results, business plans, expected synergies, perceived risk, and marketplace 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.
Government Assistance
Government Assistance Programs
We periodically receive government assistance typically in the form of cash grants or refundable tax credits (collectively “Grants”). The Grants generally specify conditions that must be met in order for the Grants to be earned, such as employment, employee retention targets, and construction or acquisition of property and equipment and are often time-bound. If conditions are not satisfied or if the duration period for the arrangement is not met, the Grants may be subject to reduction, repayment, or termination.
During fiscal years 2025, 2024, and 2023, we received amounts related to Grants that were not material to the financial statements; however, this conclusion can change based on additional grants received in the future. To the extent amounts have been received by the Company in advance of completion of the conditions, they have been recognized in other current liabilities or other liabilities in the Consolidated Balance Sheets, as appropriate.
Supplier Finance Program Obligations
Supplier Financing Programs
We have supplier financing programs with financial institutions, in which we agree to pay the financial institution the stated amount of confirmed invoices on the invoice due date for participating suppliers. Participation in these programs is optional and solely up to the supplier, who negotiates the terms of the arrangement directly with the financial institution and may allow early payment. Supplier participation in these programs has no bearing on the Company's amounts due. The payment terms that we have with participating suppliers under these programs are generally up to 120 days. We do not have an economic interest in a supplier's participation in the program or a direct financial relationship with the financial institution funding the program. We are responsible for ensuring that participating financial institutions are paid according to the terms negotiated with the supplier. The outstanding payment obligations due to the financial institutions as of the end of a period are included in accounts payable in the Consolidated Balance Sheets. The activity related to these programs is reflected within the operating activities section of the Consolidated Statements of Cash Flows.
v3.25.3
Business And Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 27, 2025
Accounting Policies [Abstract]  
Schedule of Inventory The following table reflects the major components of inventory as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Processed products$3,086 $2,897 
Livestock1,729 1,460 
Supplies and other866 838 
Total inventory$5,681 $5,195 
Other Current Liabilities
Other Current Liabilities
Other current liabilities as of September 27, 2025 and September 28, 2024, include (in millions):
 20252024
Accrued salaries, wages and benefits$909 $912 
Taxes payable193 210 
Accrued current legal contingencies712 349 
Other1,065 840 
Total other current liabilities$2,879 $2,311 
Supplier Finance Program Changes in the amounts outstanding on our supplier financing programs were (in millions):
September 27, 2025
Confirmed obligations outstanding at the beginning of year$45 
Invoices confirmed288 
Confirmed invoices paid(281)
Confirmed obligations outstanding at the end of year$52 
v3.25.3
Property, Plant And Equipment (Tables)
12 Months Ended
Sep. 27, 2025
Property, Plant and Equipment, Net [Abstract]  
Property, Plant And Equipment And Accumulated Depreciation
The following table reflects major categories of property, plant and equipment and accumulated depreciation as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Land$209 $220 
Building and leasehold improvements7,079 6,981 
Machinery and equipment12,015 11,457 
Land improvements and other575 600 
Buildings and equipment under construction509 705 
20,387 19,963 
Less accumulated depreciation11,183 10,521 
Net property, plant and equipment$9,204 $9,442 
v3.25.3
Goodwill And Intangible Assets (Tables)
12 Months Ended
Sep. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Activity
The following table reflects goodwill activity for fiscal years 2025 and 2024 (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherConsolidated
Balance at September 30, 2023 (a)
$343 $423 $3,064 $5,904 $144 $9,878 
Fiscal 2024 Activity:
Measurement period adjustments— — — (13)— (13)
Sale of business— — (63)— — (63)
Currency translation— — — — 17 17 
Balance at September 28, 2024 (a)
$343 $423 $3,001 $5,891 $161 $9,819 
Fiscal 2025 Activity:
Sale of business— — — — (4)(4)
Impairment losses(343)— — — — (343)
Currency translation— — — — (3)(3)
Balance at September 27, 2025(a)
$— $423 $3,001 $5,891 $154 $9,469 
(a) Included in goodwill for fiscal 2025 are accumulated impairment losses of $1,236 million in Beef, $210 million in Chicken and $295 million in International/Other. Included in goodwill as of September 28, 2024 and September 30, 2023 are accumulated impairment losses of $893 million in Beef, $210 million in Chicken and $295 million in International/Other.
Schedule of Finite-Lived and Infinite-Lived Intangible Assets
The following table reflects intangible assets by type as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Amortizable intangible assets:
Brands and trademarks$992 $995 
Customer relationships2,385 2,399 
Supply arrangements310 310 
Patents, intellectual property and other45 45 
Land use rights
Total gross amortizable intangible assets$3,741 $3,758 
Less accumulated amortization2,195 1,961 
Total net amortizable intangible assets$1,546 $1,797 
Brands and trademarks not subject to amortization4,078 4,078 
Total intangible assets$5,624 $5,875 
v3.25.3
Leases (Tables)
12 Months Ended
Sep. 27, 2025
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 as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Other Assets$887 $710 
Other current liabilities201 173 
Other Liabilities664 521 
Lease, Cost [Table Text Block]
The components of lease costs for fiscal years 2025, 2024 and 2023 were as follows (in millions):
202520242023
Operating lease cost (a)
$232 $178 $181 
Finance lease cost:
Amortization of right-of-use assets50 36 28 
Interest on lease liabilities
Variable lease cost (b)
545 527 531 
Short-term lease cost29 40 39 
Total$863 $785 $781 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
At September 27, 2025, future maturities of operating and finance leases were as follows (in millions):
Operating Lease CommitmentsFinance Lease Commitments
2026$232 $62 
2027180 48 
2028141 34 
2029115 16 
203092 
2031 and beyond268 20 
Total undiscounted lease payments$1,028 $187 
Less: Imputed interest163 19 
Present value of total lease liabilities$865 $168 
Lessee Financing Balance Sheet Information
Finance lease ROU assets and liabilities presented in our Consolidated Balance Sheets were as follows as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Net Property, Plant and Equipment$161 $122 
Current Debt55 36 
Long-term debt113 90 
Schedule of Cash Flow, Supplemental Disclosures
The following table summarizes cash payments for interest and income taxes for fiscal years ended 2025, 2024 and 2023 (in millions):
202520242023
Interest, net of amounts capitalized$402 $460 $340 
Income taxes, net of refunds331 227 46 
Schedule of Supplemental Cash Flow Information Related to Leases
Supplemental cash flow information related to lease liabilities is as follows (in millions):
202520242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases$231 $200 $191 
Operating cash outflows from finance leases
Financing cash outflows from finance leases 77 51 38 
ROU assets obtained in exchange for lease liabilities
Operating leases402 360 288 
Finance leases117 82 43 
Finance Lease, Liability, to be Paid, Maturity
At September 27, 2025, future maturities of operating and finance leases were as follows (in millions):
Operating Lease CommitmentsFinance Lease Commitments
2026$232 $62 
2027180 48 
2028141 34 
2029115 16 
203092 
2031 and beyond268 20 
Total undiscounted lease payments$1,028 $187 
Less: Imputed interest163 19 
Present value of total lease liabilities$865 $168 
v3.25.3
Restructuring and Related Charges (Tables)
12 Months Ended
Sep. 27, 2025
Restructuring Cost and Reserve [Line Items]  
Schedule of Accrued Liabilities Related to Plant Closures
The following table reflects our liability related to plant closures as of September 27, 2025 (in millions):
Balance at September 28, 2024Plant Closure ChargesPaymentsBalance at September 27, 2025
Contract termination$98 $23 $(49)$72 
Severance and retention— (5)— 
Total$103 $23 $(54)$72 
Restructuring and Related Costs as reflected in the Consolidated Statements of Income
The following table reflects the pretax impact of the 2022 Program's restructuring and related charges as reflected in our Consolidated Statements of Income (in millions):
20242023
Cost of Sales$— $29 
Selling, General and Administrative31 95 
Total$31 $124 
Restructuring and Related Costs Related to the 2022 Program Restructuring Plan
The following table reflects the pretax impact of the 2022 Program's restructuring and related charges during fiscal 2024 and 2023, respectively, by reportable segment (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$$— $$$— $
Relocation and related costs— — 
Accelerated depreciation— — — — — — 
Contract and lease terminations— — — 19 — 19 
Professional and other fees— — — — — — 
2024 Total$$$$24 $— $31 
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$$$14 $16 $15 $55 
Relocation and related costs18 16 — 42 
Accelerated depreciation— 12 — 19 
Contract and lease terminations— — — — 
Professional and other fees— — 
2023 Total$33 $11 $16 $49 $15 $124 
Restructuring and Related Costs Related to the Network Optimization Program Restructuring Plan
The following table reflects pretax (income) expense related to the network optimization plan during fiscal 2025 (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Cost of Sales:
Severance and related costs$$— $$$$18 
Accelerated depreciation38 — — — 39 
Asset write-offs— 33 34 12 82 
Contract and lease terminations— — 11 
Gain on sale of storage facilities— — (38)(69)— (107)
Total Cost of Sales$48 $— $$(26)$14 $43 
Selling, General and Administrative:
Severance and related costs— — — — 
Total Selling, General and Administrative$— $— $$— $— $
Total$48 $— $$(26)$14 $45 
v3.25.3
Income Taxes (Tables)
12 Months Ended
Sep. 27, 2025
Income Tax Disclosure [Abstract]  
Schedule of Provision For Income Taxes From Continuing Operations
Detail of the provision for income taxes from continuing operations consisted of the following for fiscal years 2025, 2024 and 2023 (in millions):
202520242023
Federal$124 $188 $(39)
State54 34 (38)
Foreign84 48 48 
 $262 $270 $(29)
Current$338 $315 $154 
Deferred(76)(45)(183)
 $262 $270 $(29)
Schedule of Reasons For Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate
The reasons for the difference between the statutory federal income tax rate and our effective income tax rate from continuing operations are as follows for fiscal years 2025, 2024 and 2023:
202520242023
Federal income tax rate21.0 %21.0 %21.0 %
State income taxes4.7 3.4 (0.7)
Unrecognized tax benefits, net1.2 0.7 1.8 
Deferred income tax remeasurement— (0.9)3.8 
General business credits(2.1)(1.9)3.4 
Company-owned life insurance(1.3)(1.7)1.3 
Officer compensation expense1.9 1.1 (0.6)
Foreign rate differences and valuation allowances(1.8)0.3 (1.2)
Goodwill9.4 1.2 (24.2)
Other1.1 1.6 (0.3)
34.1 %24.8 %4.3 %
Schedule of Tax Effects of Major Items Recorded As Deferred Tax Assets And Liabilities
The tax effects of major items recorded as deferred tax assets and liabilities as of September 27, 2025 and September 28, 2024, are as follows (in millions):
20252024
AssetsLiabilitiesAssetsLiabilities
Property, plant and equipment$— $1,112 $— $1,128 
Intangible assets— 1,433 — 1,460 
ROU assets— 257 — 206 
Accrued expenses504 — 412 — 
Lease liabilities251 — 191 — 
Net operating loss and credit carryforwards159 — 198 — 
Other210 327 260 332 
$1,124 $3,129 $1,061 $3,126 
Valuation allowance$(173)$(193)
Net deferred tax liability$2,178 $2,258 
Change in Unrecognized Tax Benefit, Reasonably Possible [Table]
The following table summarizes the activity related to our gross unrecognized tax benefits as of September 27, 2025, September 28, 2024 and September 30, 2023 (in millions):
202520242023
Balance as of the beginning of the year$151 $131 $152 
Increases related to current year tax positions19 22 
Increases related to prior year tax positions12 
Reductions related to prior year tax positions(4)(2)(12)
Reductions related to settlements(1)— — 
Reductions related to expirations of statutes of limitations(6)(12)(17)
Balance as of the end of the year$168 $151 $131 
v3.25.3
Debt (Tables)
12 Months Ended
Sep. 27, 2025
Debt Instruments [Abstract]  
Schedule of Major Components Of Debt
The following table reflects major components of debt as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Revolving credit facility$— $— 
Commercial paper— — 
Senior notes:
4.00% Notes due March 2026 (“2026 Notes”)
800 800 
3.55% Notes due June 20271,350 1,350 
7.00% Notes due January 202818 18 
4.35% Notes due March 2029 (“2029 Notes”)
1,000 1,000 
5.40% Notes due March 2029 ("5.40% 2029 Notes")600 600 
6.13% Notes due November 2032 157 157 
5.70% Notes due March 2034 ("5.70% 2034 Notes")900 900 
4.88% Notes due August 2034 500 500 
5.15% Notes due August 2044 497 500 
4.55% Notes due June 2047733 750 
5.10% Notes due September 2048 (“2048 Notes”)
1,490 1,500 
Discount on senior notes(34)(36)
Term loans:
Term loan facility due May 2026— 750 
Term loan facility due May 2028 (5.99% at September 27, 2025)440 750 
Finance leases168 126 
Other251 168 
Unamortized debt issuance costs(40)(46)
Total debt8,830 9,787 
Less current debt909 74 
Total long-term debt$7,921 $9,713 
v3.25.3
Equity (Tables)
12 Months Ended
Sep. 27, 2025
Equity [Abstract]  
Schedule of Share Repurchase
A summary of cumulative share repurchases of our Class A stock for fiscal years 2025, 2024 and 2023 is as follows (in millions):
September 27, 2025September 28, 2024September 30, 2023
SharesDollarsSharesDollarsSharesDollars
Shares repurchased:
Under share repurchase program3.1 $174 — $— 4.7 $300 
To fund certain obligations under equity compensation plans0.4 22 0.9 49 0.9 54 
Total share repurchases3.5 $196 0.9 $49 5.6 $354 
v3.25.3
Earnings Per Share (Tables)
12 Months Ended
Sep. 27, 2025
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 for fiscal years ended 2025, 2024 and 2023 (in millions, except per share data):
202520242023
Numerator:
Net Income (Loss)$507 $822 $(649)
Less: Net Income (Loss) Attributable to Noncontrolling Interests33 22 (1)
Net Income (Loss) Attributable to Tyson474 800 (648)
Less dividends declared:
Class A574 563 554 
Class B126 124 122 
Undistributed earnings (losses)$(226)$113 $(1,324)
Class A undistributed earnings (losses)$(185)$92 $(1,084)
Class B undistributed earnings (losses)(41)21 (240)
Total undistributed earnings (losses)$(226)$113 $(1,324)
Denominator:
Denominator for basic earnings (loss) per share:
Class A weighted average shares285 284 284 
Class B weighted average shares70 70 70 
Denominator for diluted earnings (loss) per share:
Class A weighted average shares285 284 284 
Class B weighted average shares under if-converted method for diluted earnings (loss) per share(a)
70 70 — 
Effect of dilutive securities: Stock options, restricted stock and performance units— 
Denominator for diluted earnings (loss) per share – weighted average shares and assumed conversions(a)
357 356 284 
Net Income (Loss) Per Share Attributable to Tyson:
Class A Basic$1.37 $2.31 $(1.87)
Class B Basic$1.22 $2.06 $(1.68)
Diluted(a)
$1.33 $2.25 $(1.87)
Dividends Declared Per Share:
Class A$2.010 $1.970 $1.940 
Class B$1.809 $1.773 $1.746 
v3.25.3
Derivative Financial Instruments (Tables)
12 Months Ended
Sep. 27, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Notional Amounts of Outstanding Derivative Positions
We had the following aggregated outstanding notional amounts related to our derivative financial instruments (in millions, except soybean meal tons):
MetricSeptember 27, 2025September 28, 2024
Commodity:
CornBushels93 29 
Soybean MealTons1,221,711 623,400 
Live CattlePounds30 136 
Lean HogsPounds828 351 
Foreign CurrencyUnited States dollar$208 $245 
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Statements of Income for fiscal years ended 2025, 2024 and 2023 (in millions):
Consolidated Statements of Income Classification202520242023
Cost of SalesGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Commodity contracts$(33)$(1)$ 
Gain (Loss) on fair value hedges:
Commodity contracts (a) (87)12 (19)
Gain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts53 (66)(98)
Total$(67)$(55)$(117)
Interest ExpenseGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Interest rate contracts$(2)$(1)$(2)
Other, netGain (Loss) on derivatives not designated as hedging instruments:
Foreign exchange contracts$7 $2 $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.
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 for fiscal years ended 2025, 2024 and 2023 (in millions):
Consolidated Statements of Income Classification202520242023
Cost of Sales$50,879 $49,682 $50,250 
Interest Expense449 481 355 
Other, net(47)(75)(42)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) The following table sets forth the pretax impact of cash flow hedge derivative instruments recognized in Other Comprehensive Income (in millions):
Gain (Loss) Recognized in OCI on Derivatives202520242023
Cash flow hedge - derivatives designated as hedging instruments:
Commodity contracts$(44)$(8)$— 
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] The carrying amount of fair value hedge (assets) liabilities as of fiscal 2025, 2024 and 2023 were as follows (in millions):
Consolidated Balance Sheets Classification202520242023
Inventories$65 $(3)$16 
v3.25.3
Fair Value Measurements (Tables)
12 Months Ended
Sep. 27, 2025
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis
The following tables set forth, by level within the fair value hierarchy, our financial assets and liabilities accounted for at fair value on a recurring basis, according to the valuation techniques we used to determine their fair values as of September 27, 2025 and September 28, 2024 (in millions):
September 27, 2025Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $$— $(1)$
Undesignated — 113 — (20)93 
Available for sale securities (current)— — — — — 
Other Assets:
Available for sale securities (non-current)— 90 27 — 117 
Deferred compensation assets21 501 — — 522 
Total Assets$21 $710 $27 $(21)$737 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $82 $— $(82)$— 
Undesignated — 135 — (126)
Total Liabilities$— $217 $— $(208)$
September 28, 2024Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $15 $— $(2)$13 
Undesignated— 79 — 81 
Available for sale securities (current)— 10 — — 10 
Other Assets:
Available for sale securities (non-current)— 75 28 — 103 
Deferred Compensation assets22 461 — — 483 
Total Assets$22 $640 $28 $— $690 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $19 $— $(19)$— 
Undesignated— 71 — (35)36 
Total liabilities$— $90 $— $(54)$36 
(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 September 27, 2025, and September 28, 2024, we had $187 million and $54 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) as of September 27, 2025 and September 28, 2024 (in millions):
September 27, 2025September 28, 2024
Balance at beginning of year$28 $30 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)— 
Purchases
Settlements(10)(8)
Balance at end of year$27 $28 
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 as of September 27, 2025 and September 28, 2024 (in millions):
September 27, 2025September 28, 2024
Fair
Value
Carrying
Value
Fair
Value
Carrying
Value
Total Debt$8,658 $8,830 $9,638 $9,787 
Debt Securities, Available-for-sale
The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category as of September 27, 2025 and September 28, 2024 (in millions):
September 27, 2025September 28, 2024
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$91 $90 $(1)$86 $85 $(1)
Corporate and Asset-Backed27 27 — 28 28 — 
v3.25.3
Stock-Based Compensation (Tables)
12 Months Ended
Sep. 27, 2025
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, 20247,114,663 $64.02 
Exercised(669,987)49.82 
Forfeited or expired(623,291)66.64 
Granted1,648,774 64.54 
Outstanding, September 27, 20257,470,159 $65.19 6.4$
Exercisable, September 27, 20254,851,416 $68.57 5.2$
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.
202520242023
Expected life (in years)4.64.54.5
Risk-free interest rate4.2 %4.5 %3.9 %
Expected volatility26.8 %31.9 %31.2 %
Expected dividend yield3.0 %2.7 %2.9 %
Schedule of Summary of Restricted Stock
Number of 
Shares or Units
Weighted
Average Grant-
Date Fair Value
Per Share/Unit
Weighted Average
Remaining
Contractual Life
(in Years)
Aggregate
Intrinsic Value
(in millions)
Nonvested, September 28, 20241,866,591 $59.35 
Granted818,233 63.49 
Dividends65,562 59.72 
Vested(862,968)63.70 
Forfeited(191,133)58.38 
Nonvested, September 27, 20251,696,285 $59.26 1.4$92 
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, 20242,375,302 $46.57 
Granted993,144 54.42 
Vested(220,933)48.74 
Forfeited(651,623)57.58 
Nonvested, September 27, 20252,495,890 $46.63 1.3$135 
v3.25.3
Pension and Other Postretirement Benefit Plans (Tables)
12 Months Ended
Sep. 27, 2025
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 as of September 27, 2025 and September 28, 2024 (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202520242025202420252024
Change in benefit obligation
Benefit obligation at beginning of year$21 $18 $167 $158 $34 $50 
Service cost— — — — 
Interest cost
Curtailment gain— — — — — (16)
Actuarial (gain)/loss(1)(4)14 (3)— 
Benefits paid(1)(1)(14)(14)(3)(3)
Benefit obligation at end of year20 21 156 167 31 34 
Change in plan assets
Fair value of plan assets at beginning of year30 27 — — — — 
Actual return on plan assets— — — — 
Employer contributions— — 14 14 
Benefits paid(1)(1)(14)(14)(3)(3)
Fair value of plan assets at end of year30 30 — — — — 
Funded status$10 $$(156)$(167)$(31)$(34)
Compensation and Employee Benefit Plans PENSIONS AND OTHER POSTRETIREMENT BENEFITS
We have four defined benefit pension plans consisting of one frozen and noncontributory funded qualified plan and three frozen unfunded non-qualified plans. 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 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.
Additionally, we have defined contribution retirement programs for various groups of team members and recognized expenses of $114 million, $111 million and $113 million in fiscal 2025, 2024 and 2023, 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 2024, we amended and discontinued one of the Company's other postretirement benefit plans which resulted in the recognition of a gain of $16 million, recorded in Other, net in our Consolidated Statements of Income.
Benefit Obligations and Funded Status
The following table provides a reconciliation of the changes in the plans’ benefit obligations, assets and funded status as of September 27, 2025 and September 28, 2024 (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202520242025202420252024
Change in benefit obligation
Benefit obligation at beginning of year$21 $18 $167 $158 $34 $50 
Service cost— — — — 
Interest cost
Curtailment gain— — — — — (16)
Actuarial (gain)/loss(1)(4)14 (3)— 
Benefits paid(1)(1)(14)(14)(3)(3)
Benefit obligation at end of year20 21 156 167 31 34 
Change in plan assets
Fair value of plan assets at beginning of year30 27 — — — — 
Actual return on plan assets— — — — 
Employer contributions— — 14 14 
Benefits paid(1)(1)(14)(14)(3)(3)
Fair value of plan assets at end of year30 30 — — — — 
Funded status$10 $$(156)$(167)$(31)$(34)
Amounts recognized in the Consolidated Balance Sheets as of September 27, 2025 and September 28, 2024 consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202520242025202420252024
Other assets$10 $$— $— $— $— 
Other current liabilities— — (14)(14)(8)(7)
Other liabilities— — (142)(153)(23)(27)
Total assets (liabilities)$10 $$(156)$(167)$(31)$(34)
Pre-tax amounts recognized in Accumulated Other Comprehensive Income as of September 27, 2025 and September 28, 2024 consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202520242025202420252024
Accumulated other comprehensive (income)/loss:
   Actuarial (gain) loss$$$(3)$$— $
   Prior service (credit) cost— — — — — (4)
Total accumulated other comprehensive (income)/loss:$$$(3)$$— $— 
We had three pension plans as of September 27, 2025 and September 28, 2024, that had an accumulated benefit obligation in excess of plan assets. Plans with accumulated benefit obligations in excess of plan assets are as follows (in millions):
Pension Benefits
QualifiedNon-Qualified
2025202420252024
Projected benefit obligation$— $— $156 $167 
Accumulated benefit obligation— — 156 167 
Fair value of plan assets— — — — 
The accumulated benefit obligation for all qualified pension plans was $20 million and $21 million at September 27, 2025, and September 28, 2024, respectively.
Net Periodic Benefit Cost (Credit)
Components of net periodic benefit cost (credit) for pension and postretirement benefit plans recognized in the Consolidated Statements of Income are as follows for fiscal years ended 2025, 2024 and 2023 (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202520242023202520242023202520242023
Service cost$— $— $— $— $— $— $$$
Interest cost
Expected return on plan assets(2)(1)(1)— — — — — — 
Amortization of prior service cost
— — — — — 
Recognized actuarial loss (gain), net— — — — (2)(3)— (5)
Net periodic benefit cost (credit)$(1)$— $— $$$$$$
All of the components other than the service cost component were recorded in the Consolidated Statements of Income in Other, net. As of September 27, 2025, 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. As of September 27, 2025, 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 for fiscal years ended 2025, 2024 and 2023:
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202520242023202520242023202520242023
Discount rate to determine net periodic benefit cost5.00 %5.70 %5.20 %4.85 %5.79 %5.42 %3.44 %4.92 %4.59 %
Discount rate to determine benefit obligations6.00 %5.00 %5.70 %5.26 %4.85 %5.79 %2.69 %3.44 %4.92 %
Rate of compensation increasen/an/an/an/an/an/an/an/an/a
Expected return on plan assets5.00 %5.70 %5.20 %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 our 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.
We have eight other postretirement benefit plans, of which five are healthcare and life insurance related. Two of these plans, with benefit obligations totaling $7 million at September 27, 2025, were not impacted by healthcare cost trend rates as one consists of fixed annual payments and one is life insurance related. Two of the healthcare plans, with benefit obligations less than $1 million at September 27, 2025, were not impacted by healthcare cost trend rates due to previous plan amendments. The remaining plan, with benefit obligations less than $3 million, at September 27, 2025, utilized assumed healthcare cost trend rates of 8.9%. The healthcare cost trend rates for one of the plans will be grading down to an ultimate rate of 4.5% in 2032.
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 2026 are approximately $15 million. For fiscal 2025, 2024 and 2023, we funded $14 million, $14 million and $13 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
2026$$14 $
2027— 14 
202813 
202913 
203013 
2031-203559 
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2026.
Multi-Employer Plan
Additionally, we participate in one multi-employer plan that provides 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 plan is equal to the annual contributions determined in accordance with the provisions of negotiated labor contracts. Contributions to the plan were $1 million and $2 million in fiscal 2025 and fiscal 2024, respectively. 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 the multi-employer plan for fiscal 2025 is outlined below. The EIN/Pension Plan Number column provides the Employer Identification Number (“EIN”) and the three-digit plan number. The most recent Pension Protection Act (“PPA”) zone status available in fiscal 2025 and fiscal 2024 is for the plan’s year beginning January 1, 2025, and 2024, 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 agreement to which the plan is subject.
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 Number20252024Implemented2025202420232025Expiration Date of Collective Bargaining Agreement
Bakery and Confectionery Union and Industry International Pension Fund52-6118572/001RedRedNov 2012$1$2$210%2027-08-01
Schedule Of Amounts Recognized In The Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets as of September 27, 2025 and September 28, 2024 consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202520242025202420252024
Other assets$10 $$— $— $— $— 
Other current liabilities— — (14)(14)(8)(7)
Other liabilities— — (142)(153)(23)(27)
Total assets (liabilities)$10 $$(156)$(167)$(31)$(34)
Schedule Of Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Plans with accumulated benefit obligations in excess of plan assets are as follows (in millions):
Pension Benefits
QualifiedNon-Qualified
2025202420252024
Projected benefit obligation$— $— $156 $167 
Accumulated benefit obligation— — 156 167 
Fair value of plan assets— — — — 
Schedule Of Components Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans Recognized In The Consolidated Statements Of Income
Components of net periodic benefit cost (credit) for pension and postretirement benefit plans recognized in the Consolidated Statements of Income are as follows for fiscal years ended 2025, 2024 and 2023 (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202520242023202520242023202520242023
Service cost$— $— $— $— $— $— $$$
Interest cost
Expected return on plan assets(2)(1)(1)— — — — — — 
Amortization of prior service cost
— — — — — 
Recognized actuarial loss (gain), net— — — — (2)(3)— (5)
Net periodic benefit cost (credit)$(1)$— $— $$$$$$
Schedule Of Weighted Average Assumptions
Weighted average assumptions are as follows for fiscal years ended 2025, 2024 and 2023:
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202520242023202520242023202520242023
Discount rate to determine net periodic benefit cost5.00 %5.70 %5.20 %4.85 %5.79 %5.42 %3.44 %4.92 %4.59 %
Discount rate to determine benefit obligations6.00 %5.00 %5.70 %5.26 %4.85 %5.79 %2.69 %3.44 %4.92 %
Rate of compensation increasen/an/an/an/an/an/an/an/an/a
Expected return on plan assets5.00 %5.70 %5.20 %n/an/an/an/an/an/a
Schedule Of Estimated Future Benefit Payments Expected To Be Paid
The following benefit payments are expected to be paid (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
2026$$14 $
2027— 14 
202813 
202913 
203013 
2031-203559 
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2026.
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 Number20252024Implemented2025202420232025Expiration Date of Collective Bargaining Agreement
Bakery and Confectionery Union and Industry International Pension Fund52-6118572/001RedRedNov 2012$1$2$210%2027-08-01
Schedule of Net Periodic Benefit Cost Not yet Recognized
Pre-tax amounts recognized in Accumulated Other Comprehensive Income as of September 27, 2025 and September 28, 2024 consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202520242025202420252024
Accumulated other comprehensive (income)/loss:
   Actuarial (gain) loss$$$(3)$$— $
   Prior service (credit) cost— — — — — (4)
Total accumulated other comprehensive (income)/loss:$$$(3)$$— $— 
v3.25.3
Segment Reporting (Tables)
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Segment Reporting [Abstract]      
Segment Reporting Information, By Segment
Information on segments and a reconciliation to income from continuing operations before income taxes are as follows for fiscal years ended 2025, 2024 and 2023 (in millions):
Twelve months ended September 27, 2025
BeefPorkChickenPrepared FoodsInternational/OtherIntersegmentTotal
Sales(a)
$21,623 $5,781 $16,837 $9,930 $2,291 $(2,021)$54,441 
Segment Cost of Sales22,117 5,884 14,526 8,321 1,995 (2,021)50,822 
Segment Selling, General and Administrative250 96 829 762 159 — 2,096 
Facility fire related costs (insurance proceeds)— — — — (18)— (18)
Brand and product line discontinuations— — 23 — — — 23 
Restructuring and related charges48 — (26)14 — 45 
Legal contingency accruals— — — — 40 — 40 
Plant closure and disposal charges— — 23 — (6)— 17 
Goodwill and intangible impairments343 — — — — — 343 
Product recall— — — (25)— — (25)
Operating Income (Loss)$(1,135)$(199)$1,427 $898 $107 $— $1,098 
Other (Income) Expense:
Interest income$(73)
Interest expense449 
Other, net(47)
Income (Loss) before Income Taxes$769 
Other segment information:
Depreciation and amortization$178 $63 $645 $387 $77 — $1,350 
Total Assets3,949 1,532 12,186 14,982 4,009 — 36,658 
Additions to property, plant and equipment156 66 511 155 90 — 978 
Twelve months ended September 28, 2024
BeefPorkChickenPrepared FoodsInternational/OtherIntersegmentTotal
Sales(a)
$20,479 $5,903 $16,425 $9,851 $2,353 $(1,702)$53,309 
Segment Cost of Sales20,542 5,707 14,604 8,113 2,091 (1,702)49,355 
Segment Selling, General and Administrative228 99 806 833 213 — 2,179 
Facility fire related costs (insurance proceeds)— — (70)— 86 — 16 
Brand and product line discontinuations— — — — 
Restructuring and related charges24 — — 31 
Legal contingency accruals45 28 56 — — — 129 
Plant closure and disposal charges41 108 33 — — — 182 
Operating Income (Loss)$(381)$(40)$988 $879 $(37)$— $1,409 
Other (Income) Expense:
Interest income$(89)
Interest expense481 
Other, net(75)
Income (Loss) before Income Taxes$1,092 
Other segment information:
Depreciation and amortization$164 $125 $639 $389 $71 — $1,388 
Total Assets3,730 1,570 12,121 15,138 4,541 — 37,100 
Additions to property, plant and equipment138 41 505 334 114 — 1,132 
Twelve months ended September 30, 2023
BeefPorkChickenPrepared FoodsInternational/OtherIntersegmentTotal
Sales(a)
$19,325 $5,768 $17,060 $9,845 $2,515 $(1,632)$52,881 
Segment Cost of Sales18,863 5,790 16,495 8,123 2,315 (1,632)49,954 
Segment Selling, General and Administrative229 106 798 833 184 — 2,150 
Facility fire related costs (insurance proceeds)(42)— (11)— — — (53)
Brand and product line discontinuations— — — 17 — — 17 
Restructuring and related charges33 11 16 49 15 — 124 
Plant closure and disposal charges— — 322 — (19)— 303 
Goodwill and intangible impairments333 — 210 — 238 — 781 
Operating Income (Loss)$(91)$(139)$(770)$823 $(218)$— $(395)
Other (Income) Expense:
Interest income$(30)
Interest expense355 
Other, net(42)
Income (Loss) before Income Taxes$(678)
Other segment information:
Depreciation and amortization$128 $68 $693 $373 $67 — $1,329 
Total Assets3,772 1,696 12,143 15,198 3,442 — 36,251 
Additions to property, plant and equipment169 62 834 578 296 — 1,939 
Disaggregation of Revenue, By Segment and Distribution Channel The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Twelve months ended September 27, 2025
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$10,920 $5,786 $2,249 $2,150 $21,105 $518 $21,623 
Pork1,880 548 1,186 767 4,381 1,400 5,781 
Chicken6,942 6,660 1,104 2,028 16,734 103 16,837 
Prepared Foods5,788 3,636 242 264 9,930 — 9,930 
International/Other— — 2,291 — 2,291 — 2,291 
Intersegment— — — — — (2,021)(2,021)
Total$25,530 $16,630 $7,072 $5,209 $54,441 $— $54,441 
Twelve months ended September 28, 2024
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$9,915 $5,215 $2,659 $2,245 $20,034 $445 $20,479 
Pork1,804 498 1,364 1,078 4,744 1,159 5,903 
Chicken6,994 6,432 957 1,944 16,327 98 16,425 
Prepared Foods5,794 3,629 225 203 9,851 — 9,851 
International/Other— — 2,353 — 2,353 — 2,353 
Intersegment— — — — — (1,702)(1,702)
Total$24,507 $15,774 $7,558 $5,470 $53,309 $— $53,309 
Twelve months ended September 30, 2023
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$8,947 $4,839 $2,633 $2,395 $18,814 $511 $19,325 
Pork1,677 477 1,235 1,338 4,727 1,041 5,768 
Chicken7,483 6,589 1,007 1,901 16,980 80 17,060 
Prepared Foods5,795 3,690 213 147 9,845 — 9,845 
International/Other— — 2,515 — 2,515 — 2,515 
Intersegment— — — — — (1,632)(1,632)
Total$23,902 $15,595 $7,603 $5,781 $52,881 $— $52,881 
(a) Includes external sales to consumer products and food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.
(b) Includes external sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(c) Includes external sales to international markets related to internationally produced products and export sales of domestically produced products.
(d) Includes external sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories. For fiscal 2025, the Beef and Pork segments included a $318 million and $380 million reduction in Other, respectively, due to the recognition of legal contingency accruals. For fiscal 2024, the Pork segment included a $45 million reduction in Other due to the recognition of a legal contingency accrual. For fiscal 2023, the Chicken segment included a $156 million reduction in Other due to the recognition of legal contingency accruals.
   
v3.25.3
Commitment and Contingencies (Tables)
12 Months Ended
Sep. 27, 2025
Unrecorded Unconditional Purchase Obligation [Line Items]  
Unrecorded Unconditional Purchase Obligations Disclosure
Additionally, we enter into other purchase commitments for various items such as grains, livestock contracts and variable livestock grower commitments that are estimable and have a remaining term in excess of one year, which as of September 27, 2025 were (in millions):
Purchase Obligations
2026$556 
2027509 
2028357 
2029313 
2030288 
2031 and beyond3,245 
Total$5,268 
v3.25.3
Business and Summary of Significant Accounting Policies New Accounting Pronouncements (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Selling, General and Administrative   $ 2,121 $ 2,218 $ 2,245
Operating Income (Loss)   1,098 1,409 (395)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest   769 1,092 (678)
Income Tax Expense   262 270 (29)
Net Income   507 822 (649)
Net income attributable to Tyson   $ 474 $ 800 $ (648)
Diluted (USD per share)   $ 1.33 $ 2.25 $ (1.87)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest   $ 500 $ 912 $ (612)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent   467 876 (611)
Inventory, Net   5,681 5,195  
Assets, Current   9,916 9,751  
Assets   36,658 37,100 36,251
Deferred Income Taxes   2,195 2,285  
Retained earnings   (18,647) (18,873)  
Total Tyson Shareholders’ Equity   18,085 18,390  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest   18,227 18,514 18,255
Liabilities and Equity   36,658 37,100  
Deferred income taxes   (76) (45) (183)
Restricted Cash   0 0 0
Processed products   3,086 2,897  
Livestock   1,729 1,460  
Supplies and other   866 838  
Employee-related Liabilities, Current   909 912  
Taxes Payable   193 210  
Loss Contingency Accrual   712 349  
Other Sundry Liabilities, Current   1,065 840  
Other current liabilities   2,879 2,311  
Checks Outstanding in Excess Of Related Book Cash Balances   100 100  
Accounts Receivable, Allowance for Credit Loss   49 38  
Equity Method Investments   566 550  
Research and Development Expense   126 106 114
Goodwill, Impairment Loss   343 0 781
Goodwill, net   $ 9,469 9,819 9,878
Trading Symbol   TSN    
Revision of Estimate $ 30      
Inventory Valuation Reserves   $ 138 115  
Supplier Finance Program, Obligation   52 45  
Supplier Finance Program, Obligation, Addition   288    
Supplier Finance Program, Obligation, Settlement   $ (281)    
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]   Accounts payable    
Goodwill, Written off Related to Sale of Business Unit   $ (4) (63)  
Indefinite-Lived Intangibles, Percentage of Fair Value in Excess of Carrying Amount   20.00%    
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount   20.00%    
Government Assistance, Award Amount   $ 0    
Chicken [Member]        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Goodwill, Impairment Loss   0    
Goodwill, net   3,001 3,001 3,064
Goodwill, Written off Related to Sale of Business Unit   0 (63)  
Selling, General and Administrative Expenses [Member]        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Advertising Expense   244 267 339
International Reporting Unit        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Goodwill, Impairment Loss     238 238
Goodwill, net   200    
Chicken Reporting Unit        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Goodwill, Impairment Loss     210 210
Beef Reporting Unit        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Goodwill, Impairment Loss   $ 343 $ 333 $ 333
Minimum | Customer Relationships        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Finite-Lived Intangible Asset, Useful Life   7 years    
Minimum | Buildings and Leasehold Improvments        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Property, Plant and Equipment, Useful Life   10 years    
Minimum | Machinery and equipment        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Property, Plant and Equipment, Useful Life   3 years    
Minimum | Land Improvements        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Property, Plant and Equipment, Useful Life   3 years    
Maximum | Trademarks        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Finite-Lived Intangible Asset, Useful Life   20 years    
Maximum | Customer Relationships        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Finite-Lived Intangible Asset, Useful Life   30 years    
Maximum | Buildings and Leasehold Improvments        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Property, Plant and Equipment, Useful Life   33 years    
Maximum | Machinery and equipment        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Property, Plant and Equipment, Useful Life   15 years    
Maximum | Land Improvements        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Property, Plant and Equipment, Useful Life   20 years    
Class A [Member]        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Basic (USD per share)   $ 1.37 $ 2.31 $ (1.87)
Class B [Member]        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Basic (USD per share)   $ 1.22 $ 2.06 $ (1.68)
v3.25.3
Changes in Accounting Principles (Details) - USD ($)
$ in Millions
12 Months Ended
Nov. 01, 2022
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Accounting Changes and Error Corrections [Abstract]        
Goodwill, net   $ 9,469 $ 9,819 $ 9,878
Payments to Acquire Businesses, Net of Cash Acquired $ 75 $ 0 $ 0 $ 262
v3.25.3
Acquisitions and Dispositions (Details) - USD ($)
$ in Millions
12 Months Ended
May 22, 2023
Nov. 01, 2022
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]          
Payments to Acquire Equity Method Investments     $ 11 $ 29 $ 115
Business Combination [Line Items]          
Payments to Acquire Equity Method Investments     11 29 115
Goodwill, net     9,469 9,819 9,878
Payments to Acquire Businesses, Net of Cash Acquired   $ 75 $ 0 0 262
Acquisitions and Dispositions     ACQUISITIONS AND DISPOSITIONS
Acquisitions
In the third quarter of fiscal 2023, we acquired Williams Sausage Company for $220 million, net of cash acquired, as part of our growth strategy to increase our capacity and product portfolio. Its results, subsequent to the acquisition closing, are included in our Prepared Foods segment and through September 27, 2025 were insignificant to our Consolidated Statements of Income. The purchase price allocation included $15 million of net working capital, including $3 million of cash acquired, $67 million of Property, Plant and Equipment, $107 million of Goodwill, $65 million of Intangible Assets, and $31 million of Deferred Income Taxes. Intangible Assets include brands and trademarks and customer relationships which will be amortized over a life of 20 and 12 years, respectively. $50 million of the goodwill is deductible for U.S. income tax purposes. The acquisition of Williams Sausage Company was accounted for using the acquisition method of accounting.
In the first quarter of fiscal 2023, we completed the acquisition of a 60% equity stake in Supreme Foods Processing Company ("SFPC"), a producer and distributor of value-added and cooked chicken and beef products, and a 15% equity stake in Agricultural Development Company ("ADC"), a fully integrated poultry company, for a total purchase price of $75 million, net of cash acquired. Both SFPC and ADC were subsidiaries of Tanmiah Food Company. The results of SFPC, subsequent to the acquisition closing, are included in International/Other for segment presentation and through September 27, 2025 were insignificant to our Consolidated Statements of Income. We are accounting for the investment in ADC under the equity method.
Acquisition of equity method investments in fiscal 2023, which totaled $115 million, primarily included ADC and the purchase of a minority interest in a global insect-based ingredients company as well as deferred payments related to a prior year investment.
Dispositions
In the fourth quarter of fiscal 2024, we completed the sale of our Vienna, Georgia facility, which was included in our Chicken segment, for $174 million. As a result of the sale, we recorded a pretax gain of $16 million, which was reflected in Cost of Sales in our Consolidated Statement of Income for our fiscal 2024. The facility's $158 million carrying value primarily consisted of fixed assets and inventory, and included $63 million of goodwill that was not deductible for tax purposes. The Company concluded the sale of the facility was not a significant disposal and did not represent a strategic shift, and therefore, was not classified as a discontinued operation for any of the periods presented.
   
Vienna, Georgia Chicken Facility          
Business Combination [Line Items]          
Disposal Group, Including Discontinued Operation, Consideration       174  
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal       16  
Disposal Group, Including Discontinued Operations, Net Carrying Value       158  
Disposal Group, Including Discontinued Operation, Goodwill       $ 63  
Supreme Foods Processing Company          
Business Combination [Line Items]          
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions   60.00%      
Williams Sausage Company          
Business Combination [Line Items]          
Business Combination, Consideration Transferred $ 220        
Goodwill, net 107        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net Working Capital 15        
Business Combination, Recognized Liability Assumed, Deferred Tax Liability 31        
Business Combination, Recognized Asset Acquired, Cash and Cash Equivalent 3        
Business Combination, Recognized Asset Acquired, Property, Plant, and Equipment 67        
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Excluding Goodwill $ 65        
Williams Sausage Company | Trademarks and Trade Names          
Business Combination [Line Items]          
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life 20 years        
Williams Sausage Company | Customer Relationships          
Business Combination [Line Items]          
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life 12 years        
Agricultural Development Company          
Business Combination [Line Items]          
Business Acquisition, Percentage of Voting Interests Acquired   15.00%      
Williams Sausage Company          
Business Combination [Line Items]          
Business Combination, Goodwill, Expected Tax Deductible, Amount $ 50        
Agricultural Development Company, Global Insect-Based Ingredients Company, Deferred Payments Related to a Prior Year Investment          
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]          
Payments to Acquire Equity Method Investments         115
Business Combination [Line Items]          
Payments to Acquire Equity Method Investments         $ 115
v3.25.3
Property, Plant And Equipment (Details) - USD ($)
$ in Millions
Sep. 27, 2025
Sep. 28, 2024
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 20,387 $ 19,963
Less accumulated depreciation 11,183 10,521
Net Property, Plant and Equipment 9,204 9,442
Land    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 209 220
Buildings and leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 7,079 6,981
Machinery and equipment    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 12,015 11,457
Land improvements and other    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 575 600
Buildings and equipment under construction    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 509 $ 705
v3.25.3
Goodwill And Intangible Assets (Goodwill Activity) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Goodwill [Roll Forward]      
Goodwill, net $ 9,469 $ 9,819 $ 9,878
Goodwill, Impairment Loss (343) 0 (781)
Goodwill, Foreign Currency Translation, Gain (Loss) (3) 17  
Goodwill, Written off Related to Sale of Business Unit (4) (63)  
Goodwill, Purchase Accounting Adjustments   (13)  
Beef [Member]      
Goodwill [Roll Forward]      
Accumulated Impairment Loss 1,236 893 893
Goodwill, net 0 343 343
Goodwill, Impairment Loss (343)    
Pork [Member]      
Goodwill [Roll Forward]      
Goodwill, net 423 423 423
Chicken [Member]      
Goodwill [Roll Forward]      
Accumulated Impairment Loss 210 210 210
Goodwill, net 3,001 3,001 3,064
Goodwill, Impairment Loss 0    
Goodwill, Foreign Currency Translation, Gain (Loss) 0 0  
Goodwill, Written off Related to Sale of Business Unit 0 (63)  
Prepared Foods [Member]      
Goodwill [Roll Forward]      
Goodwill, net 5,891 5,891 5,904
Goodwill, Purchase Accounting Adjustments   (13)  
Corporate and Other [Member]      
Goodwill [Roll Forward]      
Accumulated Impairment Loss 295 295 295
Goodwill, net 154 161 $ 144
Goodwill, Impairment Loss 0    
Goodwill, Foreign Currency Translation, Gain (Loss) (3) $ 17  
Goodwill, Written off Related to Sale of Business Unit $ 4    
v3.25.3
Goodwill And Intangible Assets (Other Intangible Assets By Type) (Details) - USD ($)
$ in Millions
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Finite-Lived Intangible Assets [Line Items]      
Finite-Lived Intangible Assets, Gross $ 3,741 $ 3,758  
Finite-Lived Intangible Assets, Accumulated Amortization 2,195 1,961  
Finite-Lived Intangible Assets, Net 1,546 1,797  
Brands and Trademarks not subject to amortization 4,078 4,078  
Intangible Assets, net 5,624 5,875  
Chicken [Member]      
Finite-Lived Intangible Assets [Line Items]      
Accumulated Impairment Loss 210 210 $ 210
Corporate and Other [Member]      
Finite-Lived Intangible Assets [Line Items]      
Accumulated Impairment Loss 295 295 $ 295
Trademarks      
Finite-Lived Intangible Assets [Line Items]      
Finite-Lived Intangible Assets, Gross 992 995  
Customer Relationships      
Finite-Lived Intangible Assets [Line Items]      
Finite-Lived Intangible Assets, Gross 2,385 2,399  
Supply Network      
Finite-Lived Intangible Assets [Line Items]      
Finite-Lived Intangible Assets, Gross 310 310  
Patents      
Finite-Lived Intangible Assets [Line Items]      
Finite-Lived Intangible Assets, Gross 45 45  
Use Rights      
Finite-Lived Intangible Assets [Line Items]      
Finite-Lived Intangible Assets, Gross $ 9 $ 9  
v3.25.3
Goodwill And Intangible Assets (Narrative) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Goodwill [Roll Forward]      
Amortization Expense on Intangible Assets $ 239 $ 229 $ 229
Estimated Amortization Expense on Intangible Assets, 2023 207    
Estimated Amortization Expense on Intangible Assets, 2024 195    
Estimated Amortization Expense on Intangible Assets, 2025 187    
Estimated Amortization Expense on Intangible Assets, 2026 174    
Estimated Amortization Expense on Intangible Assets, 2027 166    
Beef [Member]      
Goodwill [Roll Forward]      
Accumulated Impairment Loss 1,236 893 893
Corporate and Other [Member]      
Goodwill [Roll Forward]      
Accumulated Impairment Loss 295 295 295
Chicken [Member]      
Goodwill [Roll Forward]      
Accumulated Impairment Loss $ 210 $ 210 $ 210
v3.25.3
Leases (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Leases [Abstract]      
Operating Lease, Right-of-Use Asset $ (887) $ (710)  
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities  
Operating Lease, Liability, Current $ 201 $ 173  
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Liabilities Other Liabilities  
Operating Lease, Liability, Noncurrent $ 664 $ 521  
Operating Lease, Cost 232 178 $ 181
Finance Lease, Right-of-Use Asset, Amortization 50 36 28
Finance Lease, Interest Expense 7 4 2
Finance Lease, Interest Payment on Liability 6 4 2
Finance Lease, Principal Payments 77 51 38
Variable Lease, Cost 545 527 531
Short-Term Lease, Cost 29 40 39
Lease, Cost 863 785 781
Operating Lease, Payments 231 200 191
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 402 360 288
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability $ 117 $ 82 $ 43
Operating Lease, Weighted Average Remaining Lease Term 7 years 6 years  
Operating Lease, Weighted Average Discount Rate, Percent 5.00% 4.00%  
Lessee, Operating Lease, Liability, to be Paid, Year One $ 232    
Lessee, Operating Lease, Liability, to be Paid, Year Two 180    
Lessee, Operating Lease, Liability, to be Paid, Year Three 141    
Lessee, Operating Lease, Liability, to be Paid, Year Four 115    
Lessee, Operating Lease, Liability, to be Paid, Year Five 92    
Lessee, Operating Lease, Liability, to be Paid, after Year Five 268    
Lessee, Operating Lease, Liability, to be Paid 1,028    
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 163    
Operating Lease, Liability $ 865    
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other Assets Other Assets  
Lessee, Leases Not Yet Commenced, Amount $ 0    
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization 161 $ 122  
Finance Lease, Liability, Current $ 55 $ 36  
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Current debt Current debt  
Finance Lease, Liability, Noncurrent $ 113 $ 90  
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Total long-term debt Total long-term debt  
Finance Lease, Weighted Average Remaining Lease Term 4 years 5 years  
Finance Lease, Weighted Average Discount Rate, Percent 5.00% 5.00%  
Finance Lease, Liability, to be Paid, Year One $ 62    
Finance Lease, Liability, to be Paid, Year Two 48    
Finance Lease, Liability, to be Paid, Year Three 34    
Finance Lease, Liability, to be Paid, Year Four 16    
Finance Lease, Liability, to be Paid, Year Five 7    
Finance Lease, Liability, to be Paid, after Year Five 20    
Finance Lease, Liability, to be Paid 187    
Finance Lease, Liability, Undiscounted Excess Amount 19    
Finance Lease, Liability $ 168 $ 126  
v3.25.3
Restructuring and Related Charges (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost $ 45 $ 31 $ 124
Business Exit Costs 17 182 303
Business Exit Liability 72 103  
Plant Closure Payment (54)    
Plant Closure Charges 23    
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds (18) 16 (53)
Proceeds from Sale of Property, Plant, and Equipment (252) 0 0
Vienna, Georgia Chicken Facility      
Restructuring Cost and Reserve [Line Items]      
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal   16  
Plant Closures and Related Cost, Non-Cash Charges      
Restructuring Cost and Reserve [Line Items]      
Business Exit Costs   174 138
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds   64  
Plant Closures and Related Cost, Insurance Proceeds      
Restructuring Cost and Reserve [Line Items]      
Unusual or Infrequent Item, or Both, Insurance Proceeds (18) (9)  
Plant Closure and Related Cost, Cash Outflows      
Restructuring Cost and Reserve [Line Items]      
Business Exit Costs   24 201
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds   31  
2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   31 124
2022 Program | Restructuring and Related Cost, Cash Outflows      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   21 108
2022 Program | Restructuring and Related Cost, Non-Cash Charges      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   10 16
Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 45    
Restructuring Reserve 34    
Payments for Restructuring (19)    
Restructuring And Related Cost, Net Cost 45    
Restructuring and Related Cost, Expected Cost Remaining 86    
Proceeds from Sale of Property, Plant, and Equipment $ (252)    
Network Optimization Plan | Minumum      
Restructuring Cost and Reserve [Line Items]      
Sale Leaseback Transaction, Lease Term 1 year    
Network Optimization Plan | Maximum Number of Years [Axis]      
Restructuring Cost and Reserve [Line Items]      
Sale Leaseback Transaction, Lease Term 3 years    
Network Optimization Plan | Restructuring and Related Cost, Cash Outflows      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost $ 99    
Network Optimization Plan | Restructuring and Related Cost, Non-Cash Charges      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 94    
Cost of Sales      
Restructuring Cost and Reserve [Line Items]      
Business Exit Costs 23 198 322
Cost of Sales | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 29
Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 43    
Selling, General and Administrative Expenses [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   31 95
Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Employee Severance [Member]      
Restructuring Cost and Reserve [Line Items]      
Business Exit Liability 0 5  
Plant Closure Payment (5)    
Plant Closure Charges 0    
Employee Severance [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   4 55
Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 18    
Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Contract Termination      
Restructuring Cost and Reserve [Line Items]      
Business Exit Liability 72 98  
Plant Closure Payment (49)    
Plant Closure Charges 23    
Contract Termination | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   19 2
Contract Termination | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 11    
Accelerated Depreciation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 19
Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 39    
Employee Relocation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   8 42
Other Restructuring | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 6
Gain on Sale of Property, Plant, and Equipment [Domain] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring And Related Income 107    
Gain on Sale of Property, Plant, and Equipment [Domain] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring And Related Income 107    
Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 82    
Deferred Purchase Price from Sale of Property, Plant, and Equipment [Domain] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring And Related Income 43    
Beef [Member] | Operating Segments [Member]      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 48 4 33
Business Exit Costs 0 41 0
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 0 (42)
Beef [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   4 33
Beef [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 48    
Beef [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 48    
Beef [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Beef [Member] | Employee Severance [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   1 8
Beef [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 6    
Beef [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Beef [Member] | Contract Termination | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 0
Beef [Member] | Contract Termination | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 1    
Beef [Member] | Accelerated Depreciation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 5
Beef [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 38    
Beef [Member] | Employee Relocation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   3 18
Beef [Member] | Other Restructuring | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 2
Beef [Member] | Gain on Sale of Property, Plant, and Equipment [Domain] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring And Related Income 0    
Beef [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 3    
Pork [Member] | Operating Segments [Member]      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0 1 11
Business Exit Costs 0 108 0
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 0 0
Pork [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   1 11
Pork [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Employee Severance [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 2
Pork [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Contract Termination | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 0
Pork [Member] | Contract Termination | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Accelerated Depreciation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 2
Pork [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Employee Relocation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   1 6
Pork [Member] | Other Restructuring | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 1
Pork [Member] | Gain on Sale of Property, Plant, and Equipment [Domain] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring And Related Income 0    
Pork [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Chicken [Member] | Operating Segments [Member]      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 9 2 16
Business Exit Costs 23 33 322
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 (70) (11)
Chicken [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   2 16
Chicken [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 9    
Chicken [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 7    
Chicken [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Chicken [Member] | Employee Severance [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   2 14
Chicken [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 8    
Chicken [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Chicken [Member] | Contract Termination | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 0
Chicken [Member] | Contract Termination | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 3    
Chicken [Member] | Accelerated Depreciation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 0
Chicken [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 1    
Chicken [Member] | Employee Relocation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 2
Chicken [Member] | Other Restructuring | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 0
Chicken [Member] | Gain on Sale of Property, Plant, and Equipment [Domain] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring And Related Income 38    
Chicken [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 33    
Prepared Foods [Member]      
Restructuring Cost and Reserve [Line Items]      
Production Related Impairments or Charges     17
Production Related Impairments or Charges     17
Prepared Foods [Member] | Operating Segments [Member]      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost (26) 24 49
Business Exit Costs 0 0 0
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 0 0
Prepared Foods [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   24 49
Prepared Foods [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost (26)    
Prepared Foods [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost (26)    
Prepared Foods [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Prepared Foods [Member] | Employee Severance [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   1 16
Prepared Foods [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Prepared Foods [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Prepared Foods [Member] | Contract Termination | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   19 2
Prepared Foods [Member] | Contract Termination | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 7    
Prepared Foods [Member] | Accelerated Depreciation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 12
Prepared Foods [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Prepared Foods [Member] | Employee Relocation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   4 16
Prepared Foods [Member] | Other Restructuring | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 3
Prepared Foods [Member] | Gain on Sale of Property, Plant, and Equipment [Domain] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring And Related Income 69    
Prepared Foods [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 34    
Corporate and Other [Member] | Operating Segments [Member]      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 14 0 15
Business Exit Costs (6) 0 (19)
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds (18) 86 0
Corporate and Other [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 15
Corporate and Other [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 14    
Corporate and Other [Member] | Cost of Sales      
Restructuring Cost and Reserve [Line Items]      
Business Exit Costs 6    
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds   86  
Corporate and Other [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 14    
Corporate and Other [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Corporate and Other [Member] | Employee Severance [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 15
Corporate and Other [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Corporate and Other [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Corporate and Other [Member] | Contract Termination | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 0
Corporate and Other [Member] | Contract Termination | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Corporate and Other [Member] | Accelerated Depreciation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 0
Corporate and Other [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Corporate and Other [Member] | Employee Relocation | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 0
Corporate and Other [Member] | Other Restructuring | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   $ 0 $ 0
Corporate and Other [Member] | Gain on Sale of Property, Plant, and Equipment [Domain] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring And Related Income 0    
Corporate and Other [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost $ 12    
v3.25.3
Income Taxes (Provision For Income Taxes From Continuing Operations) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Income Tax Disclosure [Abstract]      
Federal Income Tax Expense (Benefit), Continuing Operations $ 124 $ 188 $ (39)
State and Local Income Tax Expense (Benefit), Continuing Operations 54 34 (38)
Foreign Income Tax Expense (Benefit), Continuing Operations 84 48 48
Income Tax Expense (Benefit) 262 270 (29)
Current Income Tax Expense (Benefit) 338 315 154
Deferred income taxes $ (76) $ (45) $ (183)
v3.25.3
Income Taxes (Reasons For Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Income Tax Disclosure [Abstract]      
Federal Income Tax Rate 21.00% 21.00% 21.00%
State Income Taxes 4.70% 3.40% (0.70%)
Effective Income Tax Rate Reconciliation, Tax Credit, Amount (2.10%) (1.90%) 3.40%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Life Insurance, Percent (1.30%) (1.70%) 1.30%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent 1.90% 1.10% (0.60%)
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent (1.80%) 0.30% (1.20%)
Goodwill 9.40% 1.20% (24.20%)
Other 1.10% 1.60% (0.30%)
Effective Income Tax Rate 34.10% 24.80% 4.30%
Effective Income Tax Reconciliation, Remeasurement of Deferred Income Taxes 0.00% (0.90%) 3.80%
Effective Income Tax Rate Reconciliation, Remeasurement of Deferred Income Taxes, Amount   $ 9 $ 26
Effective Income Tax Rate Reconciliation, Net Unrecognized Tax Benefits, Percent 1.20% 0.70% 1.80%
v3.25.3
Income Taxes (Tax Effects Of Major Items Recorded As Deferred Tax Assets And Liabilities) (Details) - USD ($)
$ in Millions
Sep. 27, 2025
Sep. 28, 2024
Income Tax Disclosure [Abstract]    
Deferred Tax Assets, Property, Plant and Equipment $ 0 $ 0
Deferred Tax Liabilities, Property, Plant and Equipment 1,112 1,128
Deferred Tax Liabilities, Intangible Assets 1,433 1,460
Deferred Tax Assets, Intangible Assets 0 0
Deferred Tax Liabilities, Leasing Arrangements 257 206
Deferred Tax Asset, ROU asset 0 0
Deferred Tax Liabilities, Accrued Expenses 0 0
Deferred Tax Assets, Accrued Expenses 504 412
Deferred Tax Asset, Lease Liabilities 251 191
Deferred Tax Liability, Lease liabilities 0 0
Deferred Tax Assets, Operating Loss Carryforwards 159 198
Deferred Tax Liabilities, Other 327 332
Deferred Tax Assets, Other 210 260
Deferred Tax Liabilities, Gross 3,129 3,126
Deferred Tax Assets, Gross 1,124 1,061
Deferred Tax Assets, Valuation Allowance (173) (193)
Deferred Tax Liabilities, Net $ 2,178 $ 2,258
v3.25.3
Income Taxes (Activity Related To Gross Unrecognized Tax Benefits) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Oct. 01, 2022
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]        
Federal Income Tax Rate 21.00% 21.00% 21.00%  
State Income Taxes 4.70% 3.40% (0.70%)  
Effective Income Tax Reconciliation, Remeasurement of Deferred Income Taxes 0.00% (0.90%) 3.80%  
Effective Income Tax Rate Reconciliation, Tax Credit, Amount (2.10%) (1.90%) 3.40%  
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Life Insurance, Percent (1.30%) (1.70%) 1.30%  
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent 1.90% 1.10% (0.60%)  
Goodwill (9.40%) (1.20%) 24.20%  
Other 1.10% 1.60% (0.30%)  
Effective Income Tax Rate 34.10% 24.80% 4.30%  
Unrecognized tax benefits $ 168 $ 151 $ 131 $ 152
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions 19 22 7  
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions 9 12 1  
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions (4) (2) (12)  
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities (1) 0 0  
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations $ (6) $ (12) $ (17)  
v3.25.3
Income Taxes (Narrative) (Details)
$ in Millions, $ in Millions
1 Months Ended 12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
MXN ($)
Sep. 27, 2025
USD ($)
Sep. 28, 2024
USD ($)
Sep. 30, 2023
USD ($)
Income Tax Disclosure [Line Items]          
State Income Taxes     $ 36 $ 28 $ 21
Effective Income Tax Reconciliation, Remeasurement of Deferred Income Taxes     0.00% (0.90%) 3.80%
Income (Loss) from Continuing Operations before Income Taxes, Domestic     $ 278 $ 864 $ (643)
Undistributed Earnings of Foreign Subsidiaries     689    
Unrecognized Tax Benefits that Would Impact Effective Tax Rate     110 104  
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued     $ 73 $ 59  
Effective Income Tax Rate Reconciliation, Tax Credit, Amount         $ 23
Goodwill     9.40% 1.20% (24.20%)
Effective Income Tax Rate Reconciliation, Operating Loss Carryforward, Amount       $ 14  
Goodwill, Impairment Loss     $ 343 0 $ 781
Effective Income Tax Rate Reconciliation, Remeasurement of Deferred Income Taxes, Amount       $ 9 $ 26
Change in Unrecognized Tax Benefit, Reasonably Possible [Table]    
The following table summarizes the activity related to our gross unrecognized tax benefits as of September 27, 2025, September 28, 2024 and September 30, 2023 (in millions):
202520242023
Balance as of the beginning of the year$151 $131 $152 
Increases related to current year tax positions19 22 
Increases related to prior year tax positions12 
Reductions related to prior year tax positions(4)(2)(12)
Reductions related to settlements(1)— — 
Reductions related to expirations of statutes of limitations(6)(12)(17)
Balance as of the end of the year$168 $151 $131 
   
Netherlands Tax Legislation          
Income Tax Disclosure [Line Items]          
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount     $ 9    
Beef [Member]          
Income Tax Disclosure [Line Items]          
Goodwill, Impairment Loss     343    
State and Local Jurisdiction          
Income Tax Disclosure [Line Items]          
Operating Loss Carryforwards     1,305    
Foreign Tax Authority          
Income Tax Disclosure [Line Items]          
Operating Loss Carryforwards     297    
Tax Year 2015 | Mexican Tax Authority          
Income Tax Disclosure [Line Items]          
Income Tax Examination, Estimate of Possible Loss $ 499 $ 9,200      
Indemnification Liability Related To Tax Assessment     40    
Expire in Fiscal Years 2023-2042 | State and Local Jurisdiction          
Income Tax Disclosure [Line Items]          
Operating Loss Carryforwards     1,079    
Expiring in fiscal years 2023-2037          
Income Tax Disclosure [Line Items]          
Tax Credit Carryforward, Amount     37    
Expire in Fiscal Years 2024-2043 | Foreign Tax Authority          
Income Tax Disclosure [Line Items]          
Operating Loss Carryforwards     $ 63    
v3.25.3
Debt (Major Components Of Debt) (Details) - USD ($)
12 Months Ended
Mar. 08, 2024
Sep. 27, 2025
Sep. 28, 2024
Nov. 01, 2023
Debt Instrument [Line Items]        
Finance Lease, Liability   $ 168,000,000 $ 126,000,000  
Discount on senior notes   (34,000,000) (36,000,000)  
Other   251,000,000 168,000,000  
Unamortized debt issuance costs   (40,000,000) (46,000,000)  
Total debt   8,830,000,000 9,787,000,000  
Less current debt   909,000,000 74,000,000  
Total long-term debt   7,921,000,000 9,713,000,000  
4.00% Notes due March 2026 (“2026 Notes”)        
Debt Instrument [Line Items]        
Long-term Debt, Gross   800,000,000 800,000,000  
3.55% Notes due June 2027        
Debt Instrument [Line Items]        
Long-term Debt, Gross   1,350,000,000 1,350,000,000  
7.00% Notes due January 2028        
Debt Instrument [Line Items]        
Long-term Debt, Gross   18,000,000 18,000,000  
4.35% Notes due March 2029 (“2029 Notes”)        
Debt Instrument [Line Items]        
Long-term Debt, Gross   1,000,000,000 1,000,000,000  
6.13% Notes due November 2032        
Debt Instrument [Line Items]        
Long-term Debt, Gross   157,000,000 157,000,000  
4.88% Notes due August 2034        
Debt Instrument [Line Items]        
Long-term Debt, Gross   500,000,000 500,000,000  
5.15% Notes due August 2044        
Debt Instrument [Line Items]        
Long-term Debt, Gross   497,000,000 500,000,000  
4.55% Notes due June 2047        
Debt Instrument [Line Items]        
Long-term Debt, Gross   733,000,000 750,000,000  
5.10% Notes due September 2048 (“2048 Notes”)        
Debt Instrument [Line Items]        
Long-term Debt, Gross   1,490,000,000 1,500,000,000  
Term Loan Facility Due May 2026        
Debt Instrument [Line Items]        
Long-term Debt, Gross   0 750,000,000  
Repayments of Debt $ 250,000,000      
Term Loan Facility Due May 2028        
Debt Instrument [Line Items]        
Long-term Debt, Gross   440,000,000 750,000,000  
Debt Instrument, Unused Borrowing Capacity, Amount       $ 750,000,000
Repayments of Debt   310,000,000    
Five Point Four Zero Percentage Senior Unsecured Notes Due March, Two Thousand and Twenty Nine        
Debt Instrument [Line Items]        
Long-term Debt, Gross 600,000,000 600,000,000 600,000,000  
Five Point Seven Zero Percentage Senior Unsecured Notes Due March, Two Thousand and Thirty Four        
Debt Instrument [Line Items]        
Long-term Debt, Gross $ 900,000,000 900,000,000 900,000,000  
Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Revolving credit facility   0 0  
Commercial paper [Member]        
Debt Instrument [Line Items]        
Commercial paper   $ 0 $ 0  
v3.25.3
Debt (Narrative) (Details) - USD ($)
12 Months Ended
Jan. 29, 2025
Mar. 08, 2024
Nov. 01, 2023
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Apr. 15, 2025
Debt Instrument [Line Items]              
Debt Instrument, Unamortized Discount       $ 34,000,000 $ 36,000,000    
Long-Term Debt, Maturity, Year One       909,000,000      
Long-Term Debt, Maturity, Year Two       1,400,000,000      
Long-Term Debt, Maturity, Year Three       499,000,000      
Long-Term Debt, Maturity, Year Four       1,626,000,000      
Long-Term Debt, Maturity, Year Five       22,000,000      
Repayments of Commercial Paper       0 2,285,000,000 $ 7,103,000,000  
State Income Taxes       $ 36,000,000 $ 28,000,000 $ 21,000,000  
Effective Income Tax Reconciliation, Remeasurement of Deferred Income Taxes       0.00% (0.90%) 3.80%  
Debt Instrument, Repurchase Amount       $ 30,000,000      
3.55% Notes due June 2027              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 1,350,000,000 $ 1,350,000,000    
Debt Instrument, Interest Rate, Stated Percentage       3.55%      
7.00% Notes due January 2028              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 18,000,000 18,000,000    
Debt Instrument, Interest Rate, Stated Percentage       7.00%      
6.13% Notes due November 2032              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 157,000,000 157,000,000    
Debt Instrument, Interest Rate, Stated Percentage       6.13%      
4.88% Notes due August 2034              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 500,000,000 500,000,000    
Debt Instrument, Interest Rate, Stated Percentage       4.88%      
5.15% Notes due August 2044              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 497,000,000 500,000,000    
Debt Instrument, Interest Rate, Stated Percentage       5.15%      
4.55% Notes due June 2047              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 733,000,000 750,000,000    
Debt Instrument, Interest Rate, Stated Percentage       4.55%      
5.10% Notes due September 2048 (“2048 Notes”)              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 1,490,000,000 1,500,000,000    
Debt Instrument, Interest Rate, Stated Percentage       5.10%      
4.35% Notes due March 2029 (“2029 Notes”)              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 1,000,000,000 1,000,000,000    
Debt Instrument, Interest Rate, Stated Percentage       4.35%      
4.00% Notes due March 2026 (“2026 Notes”)              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 800,000,000 800,000,000    
Debt Instrument, Interest Rate, Stated Percentage       4.00%      
Term Loan Facility Due May 2026              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 0 750,000,000    
Extinguishment of Debt, Amount $ 750,000,000            
Debt Instrument, Interest Rate, Stated Percentage       6.40%      
Repayments of Debt   $ 250,000,000          
Term Loan Facility Due May 2028              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 440,000,000 750,000,000    
Debt Instrument, Interest Rate, Stated Percentage       6.97%      
Debt Instrument, Unused Borrowing Capacity, Amount     $ 750,000,000        
Repayments of Debt       $ 310,000,000      
5.40 Senior Unsecured Notes due March 2029 and 5.70 Senior Unsecured Notes Due March 2034 [Domain]              
Debt Instrument [Line Items]              
Debt Instrument, Unamortized Discount   3,000,000          
Long-Term Debt   1,500,000,000          
Debt Issuance Costs, Gross   14,000,000          
5.40 Senior Unsecured Notes due March 2029 and 5.70 Senior Unsecured Notes Due March 2034 [Domain] | Senior Unsecured Notes              
Debt Instrument [Line Items]              
Proceeds from Issuance of Long-Term Debt       1,497,000,000      
Five Point Four Zero Percentage Senior Unsecured Notes Due March, Two Thousand and Twenty Nine              
Debt Instrument [Line Items]              
Long-term Debt, Gross   600,000,000   $ 600,000,000 600,000,000    
Debt Instrument, Interest Rate, Stated Percentage       5.40%      
Five Point Seven Zero Percentage Senior Unsecured Notes Due March, Two Thousand and Thirty Four              
Debt Instrument [Line Items]              
Long-term Debt, Gross   $ 900,000,000   $ 900,000,000 900,000,000    
Debt Instrument, Interest Rate, Stated Percentage       5.70%      
Revolving Credit Facility [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity       $ 2,500,000,000      
Amount available for borrowing under credit facility       2,500,000,000      
Revolving credit facility       0 0    
Line of Credit Facility, Contingent Additional Borrowing Capacity             $ 500,000,000
Standby Letters of Credit [Member]              
Debt Instrument [Line Items]              
Letters of Credit Outstanding, Amount       0      
Bilateral Letters Of Credit [Member]              
Debt Instrument [Line Items]              
Letters of Credit Outstanding, Amount       83,000,000      
Commercial paper [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity       1,750,000,000      
Commercial paper       $ 0 $ 0    
Repayments of Commercial Paper     $ 592,000,000        
v3.25.3
Equity (Schedule of Share Repurchases) (Details) - Class A [Member] - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Class of Stock [Line Items]      
Treasury Stock, Shares, Acquired 3.5 0.9 5.6
Payments for Repurchase of Common Stock $ 196 $ 49 $ 354
Under share repurchase program      
Class of Stock [Line Items]      
Treasury Stock, Shares, Acquired 3.1 0.0 4.7
Payments for Repurchase of Common Stock $ 174 $ 0 $ 300
To fund certain obligations under equity compensation plans      
Class of Stock [Line Items]      
Treasury Stock, Shares, Acquired 0.4 0.9 0.9
Payments for Repurchase of Common Stock $ 22 $ 49 $ 54
v3.25.3
Equity (Narrative) (Details)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Nov. 07, 2025
$ / shares
Sep. 27, 2025
USD ($)
Classes
$ / shares
shares
Sep. 28, 2024
USD ($)
$ / shares
Sep. 30, 2023
$ / shares
Aug. 07, 2025
USD ($)
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%      
Dividends Payable | $   $ 174 $ 171    
Tyson Limited Partnership And Tyson Family Member          
Class of Stock [Line Items]          
Related Party Voting Rights Percentage   71.94%      
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   2.00 1.96 $ 1.92  
Common Stock, Dividends, Per Share, Declared   $ 2.010 1.970 1.940  
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | shares   47.2      
Share Repurchase Program, Authorized, Amount | $         $ 43
Class A [Member] | Subsequent Event [Member]          
Class of Stock [Line Items]          
Common Stock, Dividends, Per Share, Declared $ 0.51        
Class A [Member] | Tyson Limited Partnership And Tyson Family Member          
Class of Stock [Line Items]          
Tyson Family Ownership Percentage   2.56%      
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   1.80 1.76 1.73  
Common Stock, Dividends, Per Share, Declared   $ 1.809 $ 1.773 $ 1.746  
Class B [Member] | Subsequent Event [Member]          
Class of Stock [Line Items]          
Common Stock, Dividends, Per Share, Declared $ 0.459        
Class B [Member] | Tyson Limited Partnership          
Class of Stock [Line Items]          
Tyson Family Ownership Percentage   99.987%      
v3.25.3
Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Earnings Per Share, Basic and Diluted [Line Items]      
Net Income $ 507 $ 822 $ (649)
Less: Net Income Attributable to Noncontrolling Interests 33 22 (1)
Net income attributable to Tyson 474 800 (648)
Undistributed earnings $ (226) $ 113 $ (1,324)
Stock options, restricted stock and performance units 2 2 0
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions 357 356 284
Diluted $ 1.33 $ 2.25 $ (1.87)
Class A [Member]      
Earnings Per Share, Basic and Diluted [Line Items]      
Less dividends declared: $ 574 $ 563 $ 554
Undistributed earnings $ (185) $ 92 $ (1,084)
Weighted average number of shares outstanding - Basic 285 284 284
Net Income Per Share Attributable to Tyson - Basic $ 1.37 $ 2.31 $ (1.87)
Common Stock, Dividends, Per Share, Declared $ 2.010 $ 1.970 $ 1.940
Class B [Member]      
Earnings Per Share, Basic and Diluted [Line Items]      
Less dividends declared: $ 126 $ 124 $ 122
Undistributed earnings $ (41) $ 21 $ (240)
Weighted average number of shares outstanding - Basic 70 70 70
Net Income Per Share Attributable to Tyson - Basic $ 1.22 $ 2.06 $ (1.68)
Common Stock, Dividends, Per Share, Declared $ 1.809 $ 1.773 $ 1.746
v3.25.3
Earnings Per Share (Narrative) (Details)
shares in Millions
12 Months Ended
Sep. 27, 2025
Classes
shares
Sep. 28, 2024
shares
Sep. 30, 2023
shares
Earnings Per Share, Basic and Diluted [Line Items]      
Antidilutive securities excluded from computation of earnings per share, shares 6 7 9
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 1,000,000    
Basic, Shares 285 284 284
Class B [Member]      
Earnings Per Share, Basic and Diluted [Line Items]      
Undistributed earnings (losses), ratio used to calculate allocation to class of stock 900,000    
Basic, Shares 70 70 70
v3.25.3
Derivative Financial Instruments (Aggregate Outstanding Notionals) (Details)
lb in Millions, bu in Millions, $ in Millions
Sep. 27, 2025
USD ($)
lb
T
bu
Sep. 28, 2024
USD ($)
T
lb
bu
Corn (in bushels)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | bu 93 29
Soy Meal (in tons)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | T 1,221,711 623,400
Live Cattle (in pounds)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount 30 136
Lean Hogs (in pounds)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount 828 351
Foreign Currency [Member]    
Derivative [Line Items]    
Derivative, Notional Amount | $ $ 208 $ 245
v3.25.3
Derivative Financial Instruments (Pretax Impact Of Cash Flow Hedge Derivative Instruments On The Consolidated Statements Of Income) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (67) $ (55) $ (117)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
Commodity contracts      
Derivative [Line Items]      
Cash Flow Hedge Gain (Loss) to be Reclassified within 12 Months $ 20    
Commodity contracts | Not Designated as Hedging Instrument      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 53 $ (66) $ (98)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
Foreign exchange contracts | Not Designated as Hedging Instrument      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 7 $ 2 $ 3
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)
Treasury Rate Locks      
Derivative [Line Items]      
Cash Flow Hedge Gain (Loss) to be Reclassified Over Life of Forecasted Fixed-Rate Debt $ 9    
Cash Flow Hedging [Member] | Commodity contracts      
Derivative [Line Items]      
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax (44) $ (8) $ 0
Derivative, Gain (Loss) on Derivative, Net $ (33) $ (1) $ 0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
Cash Flow Hedging [Member] | Interest rate hedges      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (2) $ (1) $ (2)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense Interest expense Interest expense
Fair Value Hedging [Member] | Commodity contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (87) $ 12 $ (19)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
v3.25.3
Derivative Financial Instruments (Pretax Impact Of Fair Value Hedge Derivative Instruments On The Consolidated Statements of Income) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (67) $ (55) $ (117)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
Fair Value Hedging [Member]      
Derivative [Line Items]      
Derivative Assets (Liabilities), at Fair Value, Net $ 65 $ (3) $ 16
Fair Value Hedging [Member] | Commodity contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (87) $ 12 $ (19)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
v3.25.3
Derivative Financial Instruments (Pretax Impact Of Undesignated Derivative Instruments On The Consolidated Statements Of Income) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 67 $ 55 $ 117
Cost of Sales 50,879 49,682 50,250
Other Nonoperating Income (Expense) (47) (75) (42)
Not Designated as Hedging Instrument | Commodity contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net (53) 66 98
Not Designated as Hedging Instrument | Foreign exchange contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net (7) (2) (3)
Fair Value Hedging [Member] | Commodity contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net 87 (12) 19
Cash Flow Hedging [Member] | Commodity contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net 33 1 0
Cash Flow Hedging [Member] | Interest Rate Contract [Member]      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 2 $ 1 $ 2
v3.25.3
Derivative Financial Instruments (Narrative) (Details)
$ in Millions
Sep. 27, 2025
USD ($)
Treasury Rate Locks  
Derivative [Line Items]  
Cash Flow Hedge Gain (Loss) to be Reclassified Over Life of Forecasted Fixed-Rate Debt $ 9
v3.25.3
Derivative Financial Instruments Pretax Impact on OCI (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (67) $ (55) $ (117)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
Commodity contracts | Not Designated as Hedging Instrument      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 53 $ (66) $ (98)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
Foreign exchange contracts | Not Designated as Hedging Instrument      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 7 $ 2 $ 3
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)
Cash Flow Hedging [Member] | Commodity contracts      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (33) $ (1) $ 0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
Cash Flow Hedging [Member] | Interest rate hedges      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (2) $ (1) $ (2)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense Interest expense Interest expense
v3.25.3
Fair Value Measurements (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Liability, Collateral, Right to Reclaim Cash, Offset $ 187 $ 54  
Other Asset Impairment Charges 126 131 $ 101
Fair Value, Recurring [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Asset, Netting (21) 0  
Total assets 737 690  
Derivative Liability, Netting (208) (54)  
Total liabilities 9 36  
Fair Value, Recurring [Member] | Level 1      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total assets 21 22  
Total liabilities 0 0  
Fair Value, Recurring [Member] | Level 2      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total assets 710 640  
Total liabilities 217 90  
Fair Value, Recurring [Member] | Level 3      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total assets 27 28  
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]      
Debt Securities, Available-for-Sale, Current 0 10  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Designated as hedges      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Asset, Netting (1) (2)  
Derivative Asset, Subject to Master Netting Arrangement, after Offset 5 13  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Undesignated      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Asset, Netting (20) 2  
Derivative Asset, Subject to Master Netting Arrangement, after Offset 93 81  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 1      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Debt Securities, Available-for-Sale, Current 0 0  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 1 | Designated as hedges      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Short-term Investments 0 0  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 1 | Undesignated      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Short-term Investments 0 0  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 2      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Debt Securities, Available-for-Sale, Current 0 10  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 2 | Designated as hedges      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Short-term Investments 6 15  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 2 | Undesignated      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Short-term Investments 113 79  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Debt Securities, Available-for-Sale, Current 0 0  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3 | Designated as hedges      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Short-term Investments 0 0  
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3 | Undesignated      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Short-term Investments 0 0  
Other Assets [Member] | Fair Value, Recurring [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Deferred compensation assets 522 483  
Debt Securities, Available-for-Sale, Noncurrent 117 103  
Other Assets [Member] | Fair Value, Recurring [Member] | Level 1      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Deferred compensation assets 21 22  
Debt Securities, Available-for-Sale, Noncurrent 0 0  
Other Assets [Member] | Fair Value, Recurring [Member] | Level 2      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Deferred compensation assets 501 461  
Debt Securities, Available-for-Sale, Noncurrent 90 75  
Other Assets [Member] | Fair Value, Recurring [Member] | Level 3      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Deferred compensation assets 0 0  
Debt Securities, Available-for-Sale, Noncurrent 27 28  
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Designated as hedges      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Liability, Subject to Master Netting Arrangement, after Offset 0 0  
Derivative Liability, Netting (82) (19)  
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Undesignated      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Liability, Subject to Master Netting Arrangement, after Offset 9 36  
Derivative Liability, Netting (126) (35)  
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 1 | Designated as hedges      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0  
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 1 | Undesignated      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0  
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 2 | Designated as hedges      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Liability, Subject to Master Netting Arrangement, before Offset 82 19  
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 2 | Undesignated      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Liability, Subject to Master Netting Arrangement, before Offset 135 71  
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 3 | Designated as hedges      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0  
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 3 | Undesignated      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Derivative Liability, Subject to Master Netting Arrangement, before Offset $ 0 $ 0  
v3.25.3
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
Sep. 27, 2025
Sep. 28, 2024
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of year $ 28 $ 30
Total unrealized gains (losses) included in other comprehensive income (loss) 0 1
Purchases 9 5
Settlements (10) (8)
Balance at end of period $ 27 $ 28
v3.25.3
Fair Value Measurements (Schedule Of Available For Sale Securities) (Details) - USD ($)
$ in Millions
Sep. 27, 2025
Sep. 28, 2024
U.S. treasury and agency    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax $ (1) $ (1)
Debt Securities, Available-for-sale 90 85
Debt Securities, Available-for-Sale, Amortized Cost, Total 91 86
Corporate and asset-backed    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax 0 0
Debt Securities, Available-for-sale 27 28
Debt Securities, Available-for-Sale, Amortized Cost, Total $ 27 $ 28
v3.25.3
Fair Value Measurements (Schedule Of Fair Value And Carrying Value Of Debt) (Details) - USD ($)
$ in Millions
Sep. 27, 2025
Sep. 28, 2024
Fair Value Disclosures [Abstract]    
Total Debt, Fair Value $ 8,658 $ 9,638
Total Debt, Carrying Value $ 8,830 $ 9,787
v3.25.3
Fair Value Measurement (Narrative) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Goodwill, Impairment Loss $ 343 $ 0 $ 781
Chicken Reporting Unit      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Goodwill, Impairment Loss   210 210
International Reporting Unit      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Goodwill, Impairment Loss   238 238
Beef Reporting Unit      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Goodwill, Impairment Loss $ 343 $ 333 $ 333
Wal Mart Stores Inc Member | Accounts Receivable | Customer Concentration Risk      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Concentration Risk, Percentage 15.60% 15.50%  
Maximum      
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 44 years    
Maximum | Accounts Receivable | Customer Concentration Risk      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Concentration Risk, Percentage 10.00% 10.00%  
Corporate and Other [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Goodwill, Impairment Loss $ 0    
Corporate and Other [Member] | Other income/expense      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Impairment of assets 28    
Corporate and Other [Member] | Other income/expense | Equity Method Investments      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Impairment of assets 24    
Corporate and Other [Member] | Cost of Sales      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Impairment of assets 19 $ 33  
Beef [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Goodwill, Impairment Loss 343    
Beef Reporting Unit      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Goodwill, Impairment Loss $ 343    
v3.25.3
Stock-Based Compensation (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Stock options exercised $ 21 $ 14 $ 11
Stock Options      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period 3 years    
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period 10 years    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period 669,987    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period 623,291    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross 1,648,774    
Shares Under Option - Outstanding, October 7,470,159 7,114,663  
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number 4,851,416    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price $ 65.19 $ 64.02  
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price 68.57    
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price 49.82    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price 66.64    
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price $ 64.54    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value $ 9    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term 6 years 4 months 24 days    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value $ 4    
Share-Based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Remaining Contractual Term 5 years 2 months 12 days    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value $ 13.94 $ 12.70 $ 15.82
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term 4 years 7 months 6 days 4 years 6 months 4 years 6 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate 4.20% 4.50% 3.90%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate 26.80% 31.90% 31.20%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate 3.00% 2.70% 2.90%
Share-Based Payment Arrangement, Expense, Tax Benefit $ 3 $ 3 $ 3
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares 1,100,000 1,100,000 1,200,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value $ 16 $ 15 $ 18
Stock options exercised 21 14 11
Share-Based Payment Arrangement, Exercise of Option, Tax Benefit 2 1 1
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value 3 2 1
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount $ 11    
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition 1 year 9 months 18 days    
Share-Based Payment Arrangement, Expense, after Tax $ 19 19 13
Restricted Stock      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period 3 years    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding $ 92    
Share-Based Payment Arrangement, Expense, Tax Benefit $ 8 $ 9 $ 9
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition 1 year 10 months 24 days    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number 1,696,285 1,866,591  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value $ 59.26 $ 59.35  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value $ 63.49    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period 818,233    
Share based compensation arrangement by share based payment award, equity instruments other than options, nonvested, dividends, period weighted average grant date fair value $ 59.72    
Share based compensation arrangement by share based payment award, equity instruments other than options, nonvested dividends 65,562    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value $ 63.70    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (862,968) (600,000) (700,000)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value $ 58.38    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (191,133)    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms 1 year 4 months 24 days    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value $ 55 $ 41 $ 53
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount 35    
Share-Based Payment Arrangement, Expense, after Tax $ 39 39 32
Performance Shares      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period 3 years    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding $ 135    
Share-Based Payment Arrangement, Expense, Tax Benefit $ 3 $ 4  
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition 1 year 10 months 24 days    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number 2,495,890 2,375,302  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value $ 46.63 $ 46.57  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value $ 54.42    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period 993,144    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value $ 48.74    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (220,933)    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value $ 57.58    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (651,623)    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms 1 year 3 months 18 days    
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount $ 40    
Share-Based Payment Arrangement, Expense, after Tax $ 28 $ 25 $ 2
Maximum | Performance Shares      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage 200.00%    
Minimum | Performance Shares      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage 0.00%    
v3.25.3
Compensation Related Costs, Share Based Payments (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]      
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant 8,769,043    
Stock options exercised $ 21 $ 14 $ 11
v3.25.3
Pensions And Other Postretirement Benefits (Reconciliation Of Changes In Plans' Benefit Obligations, Assets And Funded Status) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Contributions by Employer $ 14 $ 14 $ 13
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Benefit Obligation 31 34 50
Defined Benefit Plan, Plan Assets, Amount 0 0 0
Defined Benefit Plan, Funded (Unfunded) Status of Plan, Total (31) (34)  
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) 0 0  
Defined Benefit Plan, Plan Assets, Contributions by Employer 3 3  
Defined Benefit Plan, Service Cost 2 2 2
Defined Benefit Plan, Interest Cost 1 1 1
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment 0 (16)  
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) (3) 0  
Defined Benefit Plan, Benefit Obligation, Benefits Paid (3) (3)  
Defined Benefit Plan, Plan Assets, Benefits Paid (3) (3)  
Defined Benefit Plan, Funded Plan | Qualified Plan | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Benefit Obligation 20 21 18
Defined Benefit Plan, Plan Assets, Amount 30 30 27
Defined Benefit Plan, Funded (Unfunded) Status of Plan, Total 10 9  
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) 1 4  
Defined Benefit Plan, Plan Assets, Contributions by Employer 0 0  
Defined Benefit Plan, Service Cost 0 0 0
Defined Benefit Plan, Interest Cost 1 1 1
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment 0 0  
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) (1) 3  
Defined Benefit Plan, Benefit Obligation, Benefits Paid (1) (1)  
Defined Benefit Plan, Plan Assets, Benefits Paid (1) (1)  
Defined Benefit Plan, Unfunded Plan | Nonqualified Plan | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Benefit Obligation 156 167 158
Defined Benefit Plan, Plan Assets, Amount 0 0 0
Defined Benefit Plan, Funded (Unfunded) Status of Plan, Total (156) (167)  
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) 0 0  
Defined Benefit Plan, Plan Assets, Contributions by Employer 14 14  
Defined Benefit Plan, Service Cost 0 0 0
Defined Benefit Plan, Interest Cost 7 9 $ 8
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment 0 0  
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) (4) 14  
Defined Benefit Plan, Benefit Obligation, Benefits Paid (14) (14)  
Defined Benefit Plan, Plan Assets, Benefits Paid $ (14) $ (14)  
v3.25.3
Pensions And Other Postretirement Benefits (Amounts Recognized In The Consolidated Balance Sheets) (Details) - USD ($)
$ in Millions
Sep. 27, 2025
Sep. 28, 2024
Other Postretirement Benefits Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Assets for Plan Benefits, Defined Benefit Plan $ 0 $ 0
Liability, Defined Benefit Plan, Current (8) (7)
Liability, Defined Benefit Plan, Noncurrent (23) (27)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position (31) (34)
Defined Benefit Plan, Funded Plan | Qualified Plan | Pension Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Assets for Plan Benefits, Defined Benefit Plan 10 9
Liability, Defined Benefit Plan, Current 0 0
Liability, Defined Benefit Plan, Noncurrent 0 0
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position 10 9
Defined Benefit Plan, Unfunded Plan | Nonqualified Plan | Pension Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Assets for Plan Benefits, Defined Benefit Plan 0 0
Liability, Defined Benefit Plan, Current (14) (14)
Liability, Defined Benefit Plan, Noncurrent (142) (153)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position $ (156) $ (167)
v3.25.3
Pensions And Other Postretirement Benefits (Amounts Recognized in Other Comprehensive Income) (Details) - USD ($)
$ in Millions
Sep. 27, 2025
Sep. 28, 2024
Other Postretirement Benefits Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax $ 0 $ 4
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax 0 (4)
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 0 0
Qualified Plan | Defined Benefit Plan, Funded Plan | Pension Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax 1 2
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax 0 0
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 1 2
Nonqualified Plan | Defined Benefit Plan, Unfunded Plan | Pension Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax (3) 1
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax 0 0
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax $ (3) $ 1
v3.25.3
Pensions And Other Postretirement Benefits (Plans With Accumulated Benefit Obligations In Excess Of Plan Assets) (Details) - Pension Plan [Member]
$ in Millions
12 Months Ended
Sep. 27, 2025
USD ($)
plan
Sep. 28, 2024
USD ($)
plan
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Number of Plans | plan 3 3
Defined Benefit Plan, Funded Plan | Qualified Plan    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Pension Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation $ 0 $ 0
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation 0 0
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Plan Assets 0 0
Defined Benefit Plan, Unfunded Plan | Nonqualified Plan    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Pension Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation 156 167
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation 156 167
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Plan Assets $ 0 $ 0
v3.25.3
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
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Service Cost $ 2 $ 2 $ 2
Defined Benefit Plan, Interest Cost 1 1 1
Defined Benefit Plan, Expected Return (Loss) on Plan Assets 0 0 0
Amortization of prior service credit 0 4 5
Defined Benefit Plan, Amortization of Gain (Loss) 1 0 (5)
Net Periodic Benefit Cost (Credit), Excluding Service Cost 4 7 3
Defined Benefit Plan, Funded Plan | Qualified Plan | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Service Cost 0 0 0
Defined Benefit Plan, Interest Cost 1 1 1
Defined Benefit Plan, Expected Return (Loss) on Plan Assets (2) (1) (1)
Amortization of prior service credit 0 0 0
Defined Benefit Plan, Amortization of Gain (Loss) 0 0 0
Net Periodic Benefit Cost (Credit), Excluding Service Cost (1) 0 0
Defined Benefit Plan, Unfunded Plan | Nonqualified Plan | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Service Cost 0 0 0
Defined Benefit Plan, Interest Cost 7 9 8
Defined Benefit Plan, Expected Return (Loss) on Plan Assets 0 0 0
Amortization of prior service credit 0 1 1
Defined Benefit Plan, Amortization of Gain (Loss) 0 (2) (3)
Net Periodic Benefit Cost (Credit), Excluding Service Cost $ 7 $ 8 $ 6
v3.25.3
Pensions And Other Postretirement Benefits (Weighted Average Assumptions) (Details)
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 3.44% 4.92% 4.59%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 2.69% 3.44% 4.92%
Defined Benefit Plan, Funded Plan | Qualified Plan | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 5.00% 5.70% 5.20%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 6.00% 5.00% 5.70%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-Term Rate of Return on Plan Assets 5.00% 5.70% 5.20%
Defined Benefit Plan, Unfunded Plan | Nonqualified Plan | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 4.85% 5.79% 5.42%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 5.26% 4.85% 5.79%
v3.25.3
Pensions And Other Postretirement Benefits (Estimated Future Benefit Payments Expected To Be Paid) (Details)
$ in Millions
Sep. 27, 2025
USD ($)
Other Postretirement Benefits Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Expected Future Benefit Payment, Year One $ 2
Defined Benefit Plan, Expected Future Benefit Payment, Year Two 2
Defined Benefit Plan, Expected Future Benefit Payment, Year Three 2
Defined Benefit Plan, Expected Future Benefit Payment, Year Four 2
Defined Benefit Plan, Expected Future Benefit Payment, Year Five 2
Defined Benefit Plan, Expected Future Benefit Payment, after Year Five for Next Five Years 7
Defined Benefit Plan, Funded Plan | Qualified Plan | Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Expected Future Benefit Payment, Year One 1
Defined Benefit Plan, Expected Future Benefit Payment, Year Two 0
Defined Benefit Plan, Expected Future Benefit Payment, Year Three 1
Defined Benefit Plan, Expected Future Benefit Payment, Year Four 1
Defined Benefit Plan, Expected Future Benefit Payment, Year Five 1
Defined Benefit Plan, Expected Future Benefit Payment, after Year Five for Next Five Years 4
Defined Benefit Plan, Unfunded Plan | Nonqualified Plan | Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Expected Future Benefit Payment, Year One 14
Defined Benefit Plan, Expected Future Benefit Payment, Year Two 14
Defined Benefit Plan, Expected Future Benefit Payment, Year Three 13
Defined Benefit Plan, Expected Future Benefit Payment, Year Four 13
Defined Benefit Plan, Expected Future Benefit Payment, Year Five 13
Defined Benefit Plan, Expected Future Benefit Payment, after Year Five for Next Five Years $ 59
v3.25.3
Pensions And Other Postretirement Benefits (Multiemployer Plans) (Details)
$ in Millions
12 Months Ended
Sep. 27, 2025
USD ($)
plan
Sep. 28, 2024
USD ($)
Sep. 30, 2023
USD ($)
Multiemployer Plan [Line Items]      
Multiemployer Plan, Number of Plans 1    
Pension Plan [Member]      
Multiemployer Plan [Line Items]      
Multiemployer Plan, Employer Contribution, Cost | $ $ 1 $ 2  
Defined Benefit Plan, Number of Plans | plan 4    
Pension Plan [Member] | Nonqualified Plan      
Multiemployer Plan [Line Items]      
Defined Benefit Plan, Number of Plans | plan 3    
Bakery and Confectionary Union | Pension Plan [Member]      
Multiemployer Plan [Line Items]      
Multiemployer Plan, Employer Contribution, Cost | $ $ 1 $ 2 $ 2
Multiemployer Plan, Pension, Insignificant, Collective-Bargaining Arrangement, Expiration Date Aug. 01, 2027    
Multiemployer Plans, Surcharge Imposed 10.00%    
v3.25.3
Pension and Other Postretirement Benefit Plans (Narrative) (Details)
$ in Millions
12 Months Ended
Sep. 27, 2025
USD ($)
plan
Sep. 28, 2024
USD ($)
plan
Sep. 30, 2023
USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Contribution Plan, Cost $ 114 $ 111 $ 113
Defined Benefit Plan, Funding Status [Extensible Enumeration] Defined Benefit Plan, Unfunded Plan    
Pension Plan [Member]      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Number of Plans | plan 4    
Multiemployer Plan, Employer Contribution, Cost $ 1 2  
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year 15    
Defined Benefit Plan, Plan Assets, Contributions by Employer $ 14 $ 14 13
Defined Benefit Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Number of Plans | plan 3 3  
Pension Plan [Member] | Nonqualified Plan      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Number of Plans | plan 3    
Pension Plan [Member] | Defined Benefit Plan, Funded Plan | Qualified Plan      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Number of Frozen and Noncontributory Plans | plan 1    
Defined Benefit Plan, Plan Assets, Contributions by Employer $ 0 $ 0  
Defined Benefit Plan, Benefit Obligation 20 21 18
Defined Benefit Plan, Expected Amortization, Next Fiscal Year 0    
Defined Benefit Plan, Accumulated Benefit Obligation 20 21  
Assets for Plan Benefits, Defined Benefit Plan 10 9  
Defined Benefit Plan, Plan Assets, Amount 30 30 27
Pension Plan [Member] | Defined Benefit Plan, Unfunded Plan | Nonqualified Plan      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Plan Assets, Contributions by Employer 14 14  
Defined Benefit Plan, Benefit Obligation 156 167 158
Assets for Plan Benefits, Defined Benefit Plan 0 0  
Defined Benefit Plan, Plan Assets, Amount $ 0 0 0
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Number of Plans | plan 8    
Defined Benefit Plan, Plan Assets, Contributions by Employer $ 3 3  
Defined Benefit Plan, Benefit Obligation 31 34 50
Defined Benefit Plan, Gain from Plan Amendment   16  
Assets for Plan Benefits, Defined Benefit Plan 0 0  
Defined Benefit Plan, Plan Assets, Amount $ 0 $ 0 $ 0
Other Postretirement Benefits Plan [Member] | Other Postretirement Benefit Plans, Fixed Annual Payments or Life Insurance      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Number of Plans | plan 2    
Defined Benefit Plan, Benefit Obligation $ 7    
Postretirement Health Coverage      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Number of Plans | plan 5    
Postretirement Health Coverage | Other Postretirement Benefit Plans, Fixed Annual Payments or Life Insurance      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Number of Plans | plan 1    
Postretirement Health Coverage | Other Postretirement Benefit Plan, Heathcare Cost Trend Rates, Keystone Plan      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year 8.90%    
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate 4.50%    
Postretirement Health Coverage | Other Postretirement Benefit Plan, Heathcare Cost Trend Rates, Keystone Plan | Maximum      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Benefit Obligation $ 3    
Postretirement Health Coverage | Other Postretirement Benefit Plan, Plan Amendments      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Number of Plans | plan 2    
Postretirement Health Coverage | Other Postretirement Benefit Plan, Plan Amendments | Maximum      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Benefit Obligation $ 1    
Postretirement Life Insurance | Other Postretirement Benefit Plans, Fixed Annual Payments or Life Insurance      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Defined Benefit Plan, Number of Plans | plan 1    
v3.25.3
Segment Reporting (Segment Reporting Information, By Segment) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]      
Sales $ 54,441 $ 53,309 $ 52,881
Segment Cost of Product and Service Sold 50,822 49,355 49,954
Segment Selling, General and Administrative 2,096 2,179 2,150
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds (18) 16 (53)
Operating Income (Loss) 1,098 1,409 (395)
Depreciation, Depletion and Amortization 1,350 1,388 1,329
Assets 36,658 37,100 36,251
Segment, Expenditure, Addition to Long-Lived Assets 978 1,132 1,939
Total Other (Income) Expense 329 317 283
Income before income taxes 769 1,092 (678)
Loss Contingency, Loss in Period 40 129  
Loss Contingency Accrual 712 349  
Restructuring and Related Cost, Incurred Cost 45 31 124
Business Exit Costs 17 182 303
Inventory Recall Expense (25)    
Brand Discontinuation Charges 23 8 17
Goodwill, Impairment Loss 343 0 781
2022 Program      
Segment Reporting Information [Line Items]      
Restructuring and Related Cost, Incurred Cost   31 124
Beef [Member]      
Segment Reporting Information [Line Items]      
Goodwill, Impairment Loss 343    
Beef [Member] | 2022 Program      
Segment Reporting Information [Line Items]      
Restructuring and Related Cost, Incurred Cost   4 33
Pork [Member] | 2022 Program      
Segment Reporting Information [Line Items]      
Restructuring and Related Cost, Incurred Cost   1 11
Chicken [Member]      
Segment Reporting Information [Line Items]      
Goodwill, Impairment Loss 0    
Chicken [Member] | 2022 Program      
Segment Reporting Information [Line Items]      
Restructuring and Related Cost, Incurred Cost   2 16
Prepared Foods [Member] | 2022 Program      
Segment Reporting Information [Line Items]      
Restructuring and Related Cost, Incurred Cost   24 49
Corporate and Other [Member]      
Segment Reporting Information [Line Items]      
Goodwill, Impairment Loss 0    
Corporate and Other [Member] | 2022 Program      
Segment Reporting Information [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 15
Industrial and Other | Beef [Member]      
Segment Reporting Information [Line Items]      
Sales 2,150 2,245 2,395
Industrial and Other | Pork [Member]      
Segment Reporting Information [Line Items]      
Sales 767 1,078 1,338
Industrial and Other | Chicken [Member]      
Segment Reporting Information [Line Items]      
Sales 2,028 1,944 1,901
Industrial and Other | Prepared Foods [Member]      
Segment Reporting Information [Line Items]      
Sales 264 203 147
Industrial and Other | Corporate and Other [Member]      
Segment Reporting Information [Line Items]      
Sales 0 0 0
Operating Segments [Member] | Beef [Member]      
Segment Reporting Information [Line Items]      
Sales 21,623 20,479 19,325
Segment Cost of Product and Service Sold 22,117 20,542 18,863
Segment Selling, General and Administrative 250 228 229
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 0 (42)
Operating Income (Loss) (1,135) (381) (91)
Depreciation, Depletion and Amortization 178 164 128
Assets 3,949 3,730 3,772
Segment, Expenditure, Addition to Long-Lived Assets 156 138 169
Loss Contingency, Loss in Period 0 45  
Restructuring and Related Cost, Incurred Cost 48 4 33
Business Exit Costs 0 41 0
Inventory Recall Expense 0    
Brand Discontinuation Charges 0 0 0
Goodwill, Impairment Loss 343   333
Operating Segments [Member] | Pork [Member]      
Segment Reporting Information [Line Items]      
Sales 5,781 5,903 5,768
Segment Cost of Product and Service Sold 5,884 5,707 5,790
Segment Selling, General and Administrative 96 99 106
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 0 0
Operating Income (Loss) (199) (40) (139)
Depreciation, Depletion and Amortization 63 125 68
Assets 1,532 1,570 1,696
Segment, Expenditure, Addition to Long-Lived Assets 66 41 62
Loss Contingency, Loss in Period 0 28  
Restructuring and Related Cost, Incurred Cost 0 1 11
Business Exit Costs 0 108 0
Inventory Recall Expense 0    
Brand Discontinuation Charges 0 0 0
Goodwill, Impairment Loss 0   0
Operating Segments [Member] | Chicken [Member]      
Segment Reporting Information [Line Items]      
Sales 16,837 16,425 17,060
Segment Cost of Product and Service Sold 14,526 14,604 16,495
Segment Selling, General and Administrative 829 806 798
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 (70) (11)
Operating Income (Loss) 1,427 988 (770)
Depreciation, Depletion and Amortization 645 639 693
Assets 12,186 12,121 12,143
Segment, Expenditure, Addition to Long-Lived Assets 511 505 834
Loss Contingency, Loss in Period 0 56  
Restructuring and Related Cost, Incurred Cost 9 2 16
Business Exit Costs 23 33 322
Inventory Recall Expense 0    
Brand Discontinuation Charges 23 6 0
Goodwill, Impairment Loss 0   210
Operating Segments [Member] | Prepared Foods [Member]      
Segment Reporting Information [Line Items]      
Sales 9,930 9,851 9,845
Segment Cost of Product and Service Sold 8,321 8,113 8,123
Segment Selling, General and Administrative 762 833 833
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 0 0
Operating Income (Loss) 898 879 823
Depreciation, Depletion and Amortization 387 389 373
Assets 14,982 15,138 15,198
Segment, Expenditure, Addition to Long-Lived Assets 155 334 578
Loss Contingency, Loss in Period 0 0  
Restructuring and Related Cost, Incurred Cost (26) 24 49
Business Exit Costs 0 0 0
Inventory Recall Expense (25)    
Brand Discontinuation Charges 0 2 17
Goodwill, Impairment Loss 0   0
Operating Segments [Member] | Corporate and Other [Member]      
Segment Reporting Information [Line Items]      
Sales 2,291 2,353 2,515
Segment Cost of Product and Service Sold 1,995 2,091 2,315
Segment Selling, General and Administrative 159 213 184
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds (18) 86 0
Operating Income (Loss) 107 (37) (218)
Depreciation, Depletion and Amortization 77 71 67
Assets 4,009 4,541 3,442
Segment, Expenditure, Addition to Long-Lived Assets 90 114 296
Loss Contingency, Loss in Period 40 0  
Restructuring and Related Cost, Incurred Cost 14 0 15
Business Exit Costs (6) 0 (19)
Inventory Recall Expense 0    
Brand Discontinuation Charges 0 0 0
Goodwill, Impairment Loss 0   238
Segment Reconciling Items [Member] | Corporate and Other [Member]      
Segment Reporting Information [Line Items]      
Business Combination, Acquisition-Related Cost, Expense 0 0 3
Intersegment Eliminations      
Segment Reporting Information [Line Items]      
Sales (2,021) (1,702) (1,632)
Segment Cost of Product and Service Sold (2,021) (1,702) (1,632)
Operating Income (Loss) 0 0 0
Cost of Sales      
Segment Reporting Information [Line Items]      
Business Exit Costs 23 198 322
Cost of Sales | 2022 Program      
Segment Reporting Information [Line Items]      
Restructuring and Related Cost, Incurred Cost   0 29
Cost of Sales | Corporate and Other [Member]      
Segment Reporting Information [Line Items]      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds   86  
Business Exit Costs 6    
Sales | Beef [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency, Loss in Period 318    
Sales | Pork [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency, Loss in Period 380 45  
Sales | Chicken [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency, Loss in Period     156
Sales | Prepared Foods [Member]      
Segment Reporting Information [Line Items]      
Inventory Recall Expense $ 66    
Sales | Chicken [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency, Loss in Period     156
Selling, General and Administrative Expenses [Member] | 2022 Program      
Segment Reporting Information [Line Items]      
Restructuring and Related Cost, Incurred Cost   $ 31 $ 95
v3.25.3
Segment Reporting Disaggregation of Revenue (By Segment and Distribution Channel) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Oct. 02, 2021
Disaggregation of Revenue [Line Items]        
Sales $ 54,441 $ 53,309 $ 52,881  
Revenue from Contract with Customer, Excluding Assessed Tax (54,441) (53,309) (52,881)  
Loss Contingency, Loss in Period 40 129    
Beef [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax (21,623) (20,479) (19,325)  
Revenues From External Customers 21,105 20,034 18,814  
Pork [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax (5,781) (5,903) (5,768)  
Revenues From External Customers 4,381 4,744 4,727  
Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax (16,837) (16,425) (17,060)  
Revenues From External Customers 16,734 16,327 16,980  
Prepared Foods [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax (9,930) (9,851) (9,845)  
Revenues From External Customers 9,930 9,851 9,845  
Corporate and Other [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax (2,291) (2,353) (2,515)  
Revenues From External Customers 2,291 2,353 2,515  
Intersegment Revenues        
Disaggregation of Revenue [Line Items]        
Sales   (1,702) (1,632)  
Revenue from Contract with Customer, Excluding Assessed Tax 2,021 1,702 1,632  
Sales | Beef [Member]        
Disaggregation of Revenue [Line Items]        
Loss Contingency, Loss in Period 318      
Sales | Pork [Member]        
Disaggregation of Revenue [Line Items]        
Loss Contingency, Loss in Period 380 45    
Sales | Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Loss Contingency, Loss in Period     156  
Sales | Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Loss Contingency, Loss in Period     156  
Broiler Antitrust Civil Litigation [Member] | Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Loss Contingency, Loss in Period       $ 545
Broiler Antitrust Civil Litigation [Member] | Sales | Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Loss Contingency, Loss in Period     156  
Retail        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax (25,530) (24,507) (23,902)  
Retail | Beef [Member]        
Disaggregation of Revenue [Line Items]        
Sales 10,920 9,915 8,947  
Retail | Pork [Member]        
Disaggregation of Revenue [Line Items]        
Sales 1,880 1,804 1,677  
Retail | Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Sales 6,942 6,994 7,483  
Retail | Prepared Foods [Member]        
Disaggregation of Revenue [Line Items]        
Sales 5,788 5,794 5,795  
Retail | Corporate and Other [Member]        
Disaggregation of Revenue [Line Items]        
Sales 0 0 0  
Foodservice        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax (16,630) (15,774) (15,595)  
Foodservice | Beef [Member]        
Disaggregation of Revenue [Line Items]        
Sales 5,786 5,215 4,839  
Foodservice | Pork [Member]        
Disaggregation of Revenue [Line Items]        
Sales 548 498 477  
Foodservice | Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Sales 6,660 6,432 6,589  
Foodservice | Prepared Foods [Member]        
Disaggregation of Revenue [Line Items]        
Sales 3,636 3,629 3,690  
Foodservice | Corporate and Other [Member]        
Disaggregation of Revenue [Line Items]        
Sales 0 0 0  
International        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax (7,072) (7,558) (7,603)  
International | Beef [Member]        
Disaggregation of Revenue [Line Items]        
Sales 2,249 2,659 2,633  
International | Pork [Member]        
Disaggregation of Revenue [Line Items]        
Sales 1,186 1,364 1,235  
International | Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Sales 1,104 957 1,007  
International | Prepared Foods [Member]        
Disaggregation of Revenue [Line Items]        
Sales 242 225 213  
International | Corporate and Other [Member]        
Disaggregation of Revenue [Line Items]        
Sales 2,291 2,353 2,515  
Industrial and Other        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax (5,209) (5,470) (5,781)  
Industrial and Other | Beef [Member]        
Disaggregation of Revenue [Line Items]        
Sales 2,150 2,245 2,395  
Industrial and Other | Pork [Member]        
Disaggregation of Revenue [Line Items]        
Sales 767 1,078 1,338  
Industrial and Other | Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Sales 2,028 1,944 1,901  
Industrial and Other | Prepared Foods [Member]        
Disaggregation of Revenue [Line Items]        
Sales 264 203 147  
Industrial and Other | Corporate and Other [Member]        
Disaggregation of Revenue [Line Items]        
Sales 0 0 0  
Intersegment Revenues        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 0 0 0  
Intersegment Revenues | Beef [Member]        
Disaggregation of Revenue [Line Items]        
Sales 518 445 511  
Intersegment Revenues | Pork [Member]        
Disaggregation of Revenue [Line Items]        
Sales 1,400 1,159 1,041  
Intersegment Revenues | Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Sales 103 98 80  
Intersegment Revenues | Prepared Foods [Member]        
Disaggregation of Revenue [Line Items]        
Sales 0 0 0  
Intersegment Revenues | Corporate and Other [Member]        
Disaggregation of Revenue [Line Items]        
Sales 0 0 0  
Intersegment Revenues | Intersegment Revenues        
Disaggregation of Revenue [Line Items]        
Sales (2,021)      
Operating Segments [Member] | Beef [Member]        
Disaggregation of Revenue [Line Items]        
Sales 21,623 20,479 19,325  
Loss Contingency, Loss in Period 0 45    
Operating Segments [Member] | Pork [Member]        
Disaggregation of Revenue [Line Items]        
Sales 5,781 5,903 5,768  
Loss Contingency, Loss in Period 0 28    
Operating Segments [Member] | Chicken [Member]        
Disaggregation of Revenue [Line Items]        
Sales 16,837 16,425 17,060  
Loss Contingency, Loss in Period 0 56    
Operating Segments [Member] | Prepared Foods [Member]        
Disaggregation of Revenue [Line Items]        
Sales 9,930 9,851 9,845  
Loss Contingency, Loss in Period 0 0    
Operating Segments [Member] | Corporate and Other [Member]        
Disaggregation of Revenue [Line Items]        
Sales 2,291 2,353 $ 2,515  
Loss Contingency, Loss in Period $ 40 $ 0    
v3.25.3
Segment Reporting (Narrative) (Details)
$ in Millions
12 Months Ended
Sep. 27, 2025
USD ($)
Segments
Sep. 28, 2024
USD ($)
Sep. 30, 2023
USD ($)
Oct. 02, 2021
USD ($)
Segment Reporting Information [Line Items]        
Number of Operating Segments | Segments 4      
Sales $ 54,441 $ 53,309 $ 52,881  
Loss Contingency Accrual 712 349    
Operating Income (Loss) 1,098 1,409 (395)  
Loss Contingency, Loss in Period 40 129    
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds (18) 16 (53)  
UNITED STATES        
Segment Reporting Information [Line Items]        
Assets, Noncurrent 9,500 9,500    
Assets, Noncurrent 9,500 9,500    
Non-US        
Segment Reporting Information [Line Items]        
Assets, Noncurrent 700 800    
Assets, Noncurrent 700 800    
Export Sales | UNITED STATES        
Segment Reporting Information [Line Items]        
Sales $ 4,800 $ 5,200 $ 5,100  
Revenue Benchmark | Geographic Concentration Risk | UNITED STATES        
Segment Reporting Information [Line Items]        
Concentration Risk, Percentage 95.00% 95.00% 95.00%  
Revenue Benchmark | Geographic Concentration Risk | Maximum | Non-US        
Segment Reporting Information [Line Items]        
Concentration Risk, Percentage 10.00% 10.00% 10.00%  
Revenue Benchmark | Customer Concentration Risk | Wal Mart Stores Inc Member        
Segment Reporting Information [Line Items]        
Concentration Risk, Percentage 18.70% 18.40% 18.60%  
Broiler Antitrust Civil Litigation [Member]        
Segment Reporting Information [Line Items]        
Loss Contingency Accrual $ 64 $ 86    
Chicken [Member] | Broiler Antitrust Civil Litigation [Member]        
Segment Reporting Information [Line Items]        
Loss Contingency, Loss in Period       $ 545
Intersegment Revenues        
Segment Reporting Information [Line Items]        
Sales   (1,702) $ (1,632)  
Operating Segments [Member] | Beef [Member]        
Segment Reporting Information [Line Items]        
Sales 21,623 20,479 19,325  
Operating Income (Loss) (1,135) (381) (91)  
Loss Contingency, Loss in Period 0 45    
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 0 (42)  
Operating Segments [Member] | Pork [Member]        
Segment Reporting Information [Line Items]        
Sales 5,781 5,903 5,768  
Operating Income (Loss) (199) (40) (139)  
Loss Contingency, Loss in Period 0 28    
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 0 0  
Operating Segments [Member] | Chicken [Member]        
Segment Reporting Information [Line Items]        
Sales 16,837 16,425 17,060  
Operating Income (Loss) 1,427 988 (770)  
Loss Contingency, Loss in Period 0 56    
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 (70) (11)  
Operating Segments [Member] | Prepared Foods [Member]        
Segment Reporting Information [Line Items]        
Sales 9,930 9,851 9,845  
Operating Income (Loss) 898 879 823  
Loss Contingency, Loss in Period 0 0    
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 0 0 0  
Operating Segments [Member] | Corporate and Other [Member]        
Segment Reporting Information [Line Items]        
Sales 2,291 2,353 2,515  
Operating Income (Loss) 107 (37) (218)  
Loss Contingency, Loss in Period 40 0    
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds (18) 86 0  
Intersegment Eliminations        
Segment Reporting Information [Line Items]        
Sales (2,021) (1,702) (1,632)  
Operating Income (Loss) 0 0 0  
Cost of Sales | Corporate and Other [Member]        
Segment Reporting Information [Line Items]        
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds   86    
Sales | Beef [Member]        
Segment Reporting Information [Line Items]        
Loss Contingency, Loss in Period 318      
Sales | Pork [Member]        
Segment Reporting Information [Line Items]        
Loss Contingency, Loss in Period $ 380 $ 45    
Sales | Chicken [Member]        
Segment Reporting Information [Line Items]        
Loss Contingency, Loss in Period     156  
Sales | Chicken [Member] | Broiler Antitrust Civil Litigation [Member]        
Segment Reporting Information [Line Items]        
Loss Contingency, Loss in Period     $ 156  
v3.25.3
Transactions With Related Parties (Details)
shares in Millions, $ in Millions
12 Months Ended
Sep. 27, 2025
USD ($)
shares
Sep. 28, 2024
USD ($)
Sep. 30, 2023
USD ($)
Related Party Transaction [Line Items]      
Finance Lease, Liability $ 168.0 $ 126.0  
Operating Lease, Liability 865.0    
Donald J. Tyson Revocable Trust, Berry Street Waste Water Treatment Plant, LP, and the sisters of Mr. Tyson      
Related Party Transaction [Line Items]      
Finance Lease, Liability 6.0 6.0  
Operating Lease, Liability 1.0 1.0  
Related Party Transaction, Amounts of Transaction 1.0 1.0 $ 1.0
Tyson Limited Partnership      
Related Party Transaction [Line Items]      
Related Party Transaction, Amounts of Transaction $ 0.4 0.2 $ 0.2
Tyson Limited Partnership | Class B [Member]      
Related Party Transaction [Line Items]      
Tyson Family Ownership Percentage 99.987%    
Related Party Ownership of Shares Outstanding | shares 70.0    
Tyson Limited Partnership | Class A [Member]      
Related Party Transaction [Line Items]      
Related Party Ownership of Shares Outstanding | shares 7.2    
Tyson Limited Partnership And Tyson Family Member      
Related Party Transaction [Line Items]      
Related Party Voting Rights Percentage 71.94%    
Tyson Limited Partnership And Tyson Family Member | Class A [Member]      
Related Party Transaction [Line Items]      
Tyson Family Ownership Percentage 2.56%    
TBB Land Holdings LLC      
Related Party Transaction [Line Items]      
Related Party Transaction, Purchases from Related Party   $ 0.8  
North Ark Bahamas, LLC      
Related Party Transaction [Line Items]      
Related Party Transaction, Amounts of Transaction $ 0.2    
Water Plant | Donald J. Tyson Revocable Trust, Berry Street Waste Water Treatment Plant, LP, and the sisters of Mr. Tyson      
Related Party Transaction [Line Items]      
Related Party Transaction, Number of Operating Leases 2    
Tyson Family Ownership Percentage 90.00%    
v3.25.3
Commitments (Future Purchase Commitments) (Details)
$ in Millions
Sep. 27, 2025
USD ($)
Guarantor Obligations [Line Items]  
Unrecorded Unconditional Purchase Obligation, to be Paid, Year One $ 556
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two 509
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Three 357
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Four 313
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Five 288
Unrecorded Unconditional Purchase Obligation, to be Paid, after Year Five 3,245
Unrecorded Unconditional Purchase Obligation $ 5,268
v3.25.3
Commitments (Narrative) (Details) - USD ($)
$ in Millions
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Guarantor Obligations [Line Items]      
Guarantor Obligations, Current Carrying Value $ 0 $ 0  
Potential maximum obligation under cash flow assistance programs 240    
Restricted Cash 0 0 $ 0
Restricted Cash, Noncurrent $ 0 $ 0  
Restricted Cash and Cash Equivalent, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets Other Assets  
Total receivables under cash flow assistance programs $ 0 $ 0  
Industrial Revenue Bonds [Member]      
Guarantor Obligations [Line Items]      
Fair Value Disclosure, off-Balance-Sheet Risks, Amount, Asset 845    
Guarantee Obligations [Member]      
Guarantor Obligations [Line Items]      
Guarantor Obligations, Maximum Exposure, Undiscounted $ 0    
v3.25.3
Contingencies (Narrative) (Details)
1 Months Ended 12 Months Ended
Sep. 29, 2025
USD ($)
Sep. 25, 2025
USD ($)
Apr. 11, 2025
USD ($)
Dec. 22, 2023
USD ($)
Jan. 19, 2021
USD ($)
Dec. 21, 2016
USD ($)
plaintiff
Nov. 29, 2016
USD ($)
plaintiff
May 31, 2024
USD ($)
Sep. 27, 2025
USD ($)
Sep. 28, 2024
USD ($)
Sep. 30, 2023
USD ($)
Oct. 02, 2021
USD ($)
Dec. 31, 2004
USD ($)
Loss Contingencies [Line Items]                          
Loss Contingency Accrual                 $ 712,000,000 $ 349,000,000      
Loss Contingency, Loss in Period                 40,000,000 129,000,000      
Chicken [Member] | Sales                          
Loss Contingencies [Line Items]                          
Loss Contingency, Loss in Period                     $ 156,000,000    
Pork [Member] | Sales                          
Loss Contingencies [Line Items]                          
Loss Contingency, Loss in Period                 380,000,000 45,000,000      
Beef [Member] | Sales                          
Loss Contingencies [Line Items]                          
Loss Contingency, Loss in Period                 318,000,000        
Republic of the Philippines, Department of Labor and Employment and the National Labor Relations Commission [Member]                          
Loss Contingencies [Line Items]                          
Loss Contingency, Number of Plaintiffs, Award Increase | plaintiff             4,922            
Estimated Percentage of Settling Complainants           18.00%              
Loss Contingency, Number of Plaintiffs | plaintiff           5,984 5,984            
Loss Contingency, Estimate of Possible Loss Per Complainant           $ 1,200              
Broiler Antitrust Civil Litigation [Member]                          
Loss Contingencies [Line Items]                          
Litigation Settlement, Amount Awarded to Other Party         $ 221,500,000                
Republic of the Philippines, Department of Labor and Employment                          
Loss Contingencies [Line Items]                          
Loss Contingency, Damages Awarded, Value             $ 255,000,000           $ 59,000,000
Broiler Antitrust Civil Litigation [Member]                          
Loss Contingencies [Line Items]                          
Loss Contingency Accrual                 64,000,000 86,000,000      
Payments for Legal Settlements                 22,000,000 98,000,000 94,000,000    
Broiler Antitrust Civil Litigation [Member] | Chicken [Member]                          
Loss Contingencies [Line Items]                          
Loss Contingency, Loss in Period                       $ 545,000,000  
Broiler Antitrust Civil Litigation [Member] | Chicken [Member] | Sales                          
Loss Contingencies [Line Items]                          
Loss Contingency, Loss in Period                     $ 156,000,000    
Wage Rate Litigation                          
Loss Contingencies [Line Items]                          
Litigation Settlement, Amount Awarded to Other Party       $ 72,500,000       $ 115,500,000          
Loss Contingency Accrual                 0 72,500,000      
Payments for Legal Settlements                 72,500,000        
Wage Rate Litigation | Sales                          
Loss Contingencies [Line Items]                          
Loss Contingency, Loss in Period                   72,500,000      
Pork Antitrust Civil Litigation                          
Loss Contingencies [Line Items]                          
Litigation Settlement, Amount Awarded to Other Party   $ 85,000,000 $ 50,000,000                    
Loss Contingency Accrual                 268,000,000 45,000,000      
Pork Antitrust Civil Litigation | Pork [Member] | Sales                          
Loss Contingencies [Line Items]                          
Payments for Legal Settlements                 50,000,000        
Loss Contingency, Loss in Period                 380,000,000 $ 45,000,000      
Beef Antitrust Civil Litigation                          
Loss Contingencies [Line Items]                          
Loss Contingency Accrual                 318,000,000        
Beef Antitrust Civil Litigation | Subsequent Event [Member]                          
Loss Contingencies [Line Items]                          
Litigation Settlement, Amount Awarded to Other Party $ 55,000,000                        
Beef Antitrust Civil Litigation | Beef [Member] | Sales                          
Loss Contingencies [Line Items]                          
Loss Contingency, Loss in Period                 $ 318,000,000        
v3.25.3
SEC Schedule, Article 12-09, Valuation and Qualifying Accounts (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Oct. 01, 2022
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]        
Auditor Firm ID 238      
Allowance for Doubtful Accounts [Member]        
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]        
Balance at Beginning and End of Period $ 49 $ 38 $ 31 $ 29
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]        
Balance at Beginning and End of Period 49 38 31 29
Charged to Costs and Expenses 18 14 12  
Charged to Other Accounts 0 0 0  
(Deductions) 7 7 10  
Inventory Lower of Cost or Market Allowance [Member]        
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]        
Balance at Beginning and End of Period 138 115 145 60
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]        
Balance at Beginning and End of Period 138 115 145 60
Charged to Costs and Expenses 268 349 333  
Charged to Other Accounts 0 0 0  
(Deductions) 245 379 248  
Valuation Allowance on Deferred Tax Assets [Member]        
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]        
Balance at Beginning and End of Period 173 193 199 195
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]        
Balance at Beginning and End of Period 173 193 199 $ 195
Charged to Costs and Expenses (14) 0 4  
Charged to Other Accounts 0 0 0  
(Deductions) $ 6 $ 6 $ 0