TYSON FOODS, INC., 10-K filed on 11/14/2022
Annual Report
v3.22.2.2
Document and Entity Information - USD ($)
 12 Months Ended
Oct. 01, 2022
Oct. 29, 2022
Apr. 02, 2022
Document And Entity Information [Abstract]      
Document Type 10-K    
Document Type 10-K    
Document Period End Date Oct. 01, 2022    
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 --10-01    
Document Fiscal Year Focus 2022    
Document Fiscal Period Focus FY    
Amendment Flag false    
Class A [Member]      
Entity Public Float     $ 25,787,255,792
Entity Common Stock, Shares Outstanding   289,578,956  
Class B [Member]      
Entity Public Float     $ 942,719
Entity Common Stock, Shares Outstanding   70,010,355  
v3.22.2.2
Audit Information
 12 Months Ended
Oct. 01, 2022
Auditor [Line Items]  
Auditor Location Fayetteville, Arkansas
Auditor Name PricewaterhouseCoopers LLP
v3.22.2.2
Consolidated Condensed Statements Of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Sales $ 53,282 $ 47,049 $ 43,185
Cost of Sales 46,614 40,523 37,801
Gross Profit 6,668 6,526 5,384
Operating Expenses:      
Selling, General and Administrative 2,258 2,130 2,376
Operating Income 4,410 4,396 3,008
Other (Income) Expense:      
Interest income (17) (8) (10)
Interest expense 365 428 485
Other, net (87) (65) (131)
Total Other (Income) Expense 261 355 344
Income before Income Taxes 4,149 4,041 2,664
Income Tax Expense 900 981 593
Net Income 3,249 3,060 2,071
Less: Net Income Attributable to Noncontrolling Interests 11 13 10
Net Income Attributable to Tyson $ 3,238 $ 3,047 $ 2,061
Weighted Average Shares Outstanding:      
Diluted, Shares 363 365 365
Net Income Per Share Attributable to Tyson:      
Diluted (USD per share) $ 8.92 $ 8.34 $ 5.64
Class A [Member]      
Weighted Average Shares Outstanding:      
Basic, Shares 290 293 293
Net Income Per Share Attributable to Tyson:      
Basic (USD per share) $ 9.18 $ 8.57 $ 5.79
Class B [Member]      
Weighted Average Shares Outstanding:      
Basic, Shares 70 70 70
Net Income Per Share Attributable to Tyson:      
Basic (USD per share) $ 8.25 $ 7.70 $ 5.21
v3.22.2.2
Consolidated Condensed Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Statement of Comprehensive Income [Abstract]      
Net Income $ 3,249 $ 3,060 $ 2,071
Other Comprehensive Income (Loss), Net of Taxes:      
Investments (7) (1) 1
Currency translation (162) 17 (29)
Postretirement benefits 43 (11) (43)
Total Other Comprehensive Income (Loss), Net of Taxes (125) 7 (62)
Comprehensive Income 3,124 3,067 2,009
Less: Comprehensive Income Attributable to Noncontrolling Interests 11 13 10
Comprehensive Income Attributable to Tyson 3,113 3,054 1,999
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax 1 2 9
Net Income 3,249 3,060 2,071
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax 1 2 9
Investments (7) (1) 1
Currency translation (162) 17 (29)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax (43) 11 43
Other comprehensive income (loss) (125) 7 (62)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 3,124 3,067 2,009
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 11 13 10
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 3,113 $ 3,054 $ 1,999
v3.22.2.2
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Assets    
Cash and cash equivalents $ 1,031 $ 2,507
Accounts receivable, net 2,577 2,400
Inventories 5,514 4,382
Other current assets 508 533
Total Current Assets 9,630 9,822
Net Property, Plant and Equipment 8,685 7,837
Goodwill, net 10,513 10,549
Intangible Assets, net 6,252 6,519
Other Assets 1,741 1,582
Total Assets 36,821 36,309
Liabilities and Shareholders' Equity    
Current debt 459 1,067
Accounts payable 2,483 2,225
Other current liabilities 2,371 3,033
Total Current Liabilities 5,313 6,325
Total long-term debt 7,862 8,281
Deferred Income Taxes 2,458 2,195
Other Liabilities 1,377 1,654
Shareholders' Equity:    
Capital in excess of par value 4,553 4,486
Retained earnings 20,084 17,502
Accumulated other comprehensive gain (loss) (297) (172)
Treasury stock, at cost – 88 million shares at October 1, 2022 and 83 million shares at October 2, 2021 (4,683) (4,138)
Total Tyson Shareholders’ Equity 19,702 17,723
Noncontrolling Interests 109 131
Total Shareholders’ Equity 19,811 17,854
Total Liabilities and Shareholders’ Equity 36,821 36,309
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
v3.22.2.2
Consolidated Condensed Balance Sheets (Parentheticals) - $ / shares
shares in Millions
Oct. 01, 2022
Oct. 02, 2021
Treasury Stock, shares 83 82
Class A [Member]    
Common stock, par value $ 0.10 $ 0.10
Common stock, shares authorized 900 900
Common stock, shares issued 378 378
Class B [Member]    
Common stock, par value $ 0.10 $ 0.10
Common stock, shares authorized 900 900
Common stock, shares issued 70 70
v3.22.2.2
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:
Total Shareholders’ Equity Attributable to Tyson
Equity Attributable to Noncontrolling Interests:
Class B [Member]
Class A [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Common Stock, Value, Issued               $ 7 $ 38
Balance at beginning of year, Common Stock Shares at Sep. 28, 2019               70.0 378.0
Balance at beginning of year, Shareholders' Equity Attributable to Tyson at Sep. 28, 2019   $ 4,378 $ 13,655 $ (117) $ (4,011)        
Balance at beginning of year, Treasury Stock shares at Sep. 28, 2019         82.0        
Balance at beginning of year, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 28, 2019             $ 144    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation and Other   55     $ 73        
Net income attributable to Tyson $ 2,061   2,061            
Dividends     (616)         $ (108) $ (508)
Other comprehensive income (loss) (62)     (62)          
Purchase of Class A common stock, shares         2.0       2.5
Payments for Repurchase of Common Stock         $ (207)       $ (207)
Stock-based compensation, shares         (1.0)        
Net income attributable to noncontrolling interests 10           (10)    
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders             (13)    
Noncontrolling Interest, Increase from Currency Translation and Other             (9)    
Balance at end of year, Common Stock Shares at Oct. 03, 2020               70.0 378.0
Balance at end of year, Shareholders' Equity Attributable to Tyson at Oct. 03, 2020   4,433 15,100 (179) $ (4,145) $ 15,254      
Balance at end of year, Treasury Stock shares at Oct. 03, 2020         83.0        
Balance at end of year, Shareholders' Equity Attributable to Noncontrolling Interest at Oct. 03, 2020             132    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Balance at end of quarter, Total Shareholders' Equity 15,386                
Common Stock, Value, Issued               $ 7 $ 38
Stock-based compensation and Other   53     $ 74        
Net income attributable to Tyson 3,047   3,047            
Dividends     (645)         $ (113) $ (532)
Other comprehensive income (loss) 7     7          
Purchase of Class A common stock, shares         1.0       0.9
Payments for Repurchase of Common Stock         $ (67)       $ (67)
Stock-based compensation, shares         (1.0)        
Net income attributable to noncontrolling interests 13           (13)    
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders             (8)    
Noncontrolling Interest, Increase from Currency Translation and Other             (6)    
Balance at end of year, Common Stock Shares at Oct. 02, 2021               70.0 378.0
Balance at end of year, Shareholders' Equity Attributable to Tyson at Oct. 02, 2021 $ 17,723 4,486 17,502 (172) $ (4,138) 17,723      
Balance at end of year, Treasury Stock shares at Oct. 02, 2021 82.0       83.0        
Balance at end of year, Shareholders' Equity Attributable to Noncontrolling Interest at Oct. 02, 2021 $ 131           131    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Balance at end of quarter, Total Shareholders' Equity $ 17,854                
Common Stock, Value, Issued               $ 7 $ 38
Restricted Cash and Cash Equivalents, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets                
Restricted Cash, Noncurrent $ 3                
Stock-based compensation and Other   67     $ 157        
Net income attributable to Tyson 3,238   3,238            
Dividends     (656)         $ (117) $ (539)
Other comprehensive income (loss) (125)     (125)          
Purchase of Class A common stock, shares         8.0       8.2
Payments for Repurchase of Common Stock         $ (702)       $ (702)
Stock-based compensation, shares         (3.0)        
Net income attributable to noncontrolling interests 11           (11)    
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders             (11)    
Noncontrolling Interest, Increase from Currency Translation and Other             (22)    
Balance at end of year, Common Stock Shares at Oct. 01, 2022               70.0 378.0
Balance at end of year, Shareholders' Equity Attributable to Tyson at Oct. 01, 2022 $ 19,702 $ 4,553 $ 20,084 $ (297) $ (4,683) $ 19,702      
Balance at end of year, Treasury Stock shares at Oct. 01, 2022 83.0       88.0        
Balance at end of year, Shareholders' Equity Attributable to Noncontrolling Interest at Oct. 01, 2022 $ 109           $ 109    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Balance at end of quarter, Total Shareholders' Equity $ 19,811                
Common Stock, Value, Issued               $ 7 $ 38
Restricted Cash and Cash Equivalents, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets                
Restricted Cash, Noncurrent $ 0                
v3.22.2.2
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Cash Flows From Operating Activities:      
Net Income $ 3,249 $ 3,060 $ 2,071
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Depreciation 945 934 900
Amortization 257 280 292
Deferred income taxes 264 (125) 18
Gain (Loss) on Disposition of Business 0 784 0
Impairment of assets 34 60 48
Stock-based compensation expense 93 91 89
Other, net (51) (57) (124)
Increase (Decrease) in Accounts Receivable 176 508 (191)
Increase (Decrease) in Inventories 1,195 567 (86)
Increase (Decrease) in Accounts Payable 302 351 (64)
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable (580) 421 62
Increase (Decrease) in Interest Payable, Net (13) (5) (41)
Increase (Decrease) in Other Operating Assets and Liabilities, Net 442 (689) (346)
Cash Provided by Operating Activities 2,687 3,840 3,874
Cash Flows From Investing Activities:      
Additions to property, plant and equipment (1,887) (1,209) (1,199)
Purchases of marketable securities (35) (72) (105)
Proceeds from sale of marketable securities 34 70 87
Proceeds from sale of businesses 0 1,188 29
Payments to Acquire Equity Method Investments (177) (44) (183)
Other, net 130 125 (52)
Cash Used for Investing Activities (1,935) 58 (1,423)
Cash Flows From Financing Activities:      
Proceeds from issuance of debt 103 585 1,609
Repayments on debt 1,191 2,632 1,212
Borrowings on revolving credit facility 0 0 1,210
Payments on revolving credit facility 0 0 1,280
Proceeds from Issuance of Commercial Paper 0 0 14,272
Repayments of Commercial Paper 0 0 15,271
Dividends (653) (636) (601)
Stock options exercised 126 41 30
Other, net (6) (22) (18)
Cash Used for Financing Activities (2,323) (2,731) (1,468)
Effect of Exchange Rate on Cash (35) 4 (1)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (1,606) 1,171 982
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,031 2,637 1,466
Restricted Cash 0 130 46
Cash and cash equivalents 1,031 2,507 1,420
Payments to Acquire Equity Method Investments 177 44 183
Class A [Member]      
Cash Flows From Financing Activities:      
Purchases of Tyson Class A common stock (702) (67) (207)
Payments for Repurchase of Common Stock $ 702 $ 67 $ 207
v3.22.2.2
Statement of Cash Flows, Supplemental Disclosures (Statement) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Supplemental Cash Flow Elements [Abstract]      
Interest Paid, Excluding Capitalized Interest, Operating Activities $ 363 $ 444 $ 536
Income Taxes Paid, Net $ 1,216 $ 683 $ 511
v3.22.2.2
Other Comprehensive Income (Loss)
 12 Months Ended
Oct. 01, 2022
Statement of Comprehensive Income [Abstract]  
Other Comprehensive Income (Loss) COMPREHENSIVE INCOME (LOSS)The components of accumulated other comprehensive loss are as follows (in millions):
 20222021
Accumulated other comprehensive income (loss), net of taxes:
Unrealized net hedging loss$(12)$(13)
Unrealized net gain (loss) on investments(6)1 
Currency translation adjustment(281)31(119)
Postretirement benefits reserve adjustments2 (41)
Total accumulated other comprehensive income (loss)$(297)$(172)
The before and after tax changes in the components of other comprehensive income (loss) are as follows (in millions):
202220212020
Before TaxTaxAfter TaxBefore TaxTaxAfter TaxBefore TaxTaxAfter Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to interest expense$1 $— $1 $1 $— $1 $6 $(2)$4 
(Gain) loss reclassified to cost of sales
— — — 1 — 1 24 (7)17 
Unrealized gain (loss)— — — — — — (17)5 (12)
Investments:
Unrealized gain (loss)
(8)1 (7)(1)— (1)1 — 1 
Currency translation:
Translation adjustment(166)4 (162)17 — 17 (29)— (29)
Postretirement benefits:
Unrealized gain (loss)58 (15)43 10 (2)8 1 — 1 
Pension settlement reclassified to other (income) expense— — — (26)7 (19)(58)14 (44)
Total other comprehensive income (loss)$(115)$(10)$(125)$2 $5 $7 $(72)$10 $(62)
v3.22.2.2
Statement of Cash Flows, Supplemental Disclosures
 12 Months Ended
Oct. 01, 2022
Supplemental Cash Flow Elements [Abstract]  
Cash Flow, Supplemental Disclosures SUPPLEMENTAL CASH FLOWS INFORMATIONThe following table summarizes cash payments for interest and income taxes (in millions):
202220212020
Interest, net of amounts capitalized$363 $444 $536 
Income taxes, net of refunds1,216 683 511 
v3.22.2.2
Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Oct. 01, 2022
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 (in millions):
202220212020
Before TaxTaxAfter TaxBefore TaxTaxAfter TaxBefore TaxTaxAfter Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to interest expense$1 $— $1 $1 $— $1 $6 $(2)$4 
(Gain) loss reclassified to cost of sales
— — — 1 — 1 24 (7)17 
Unrealized gain (loss)— — — — — — (17)5 (12)
Investments:
Unrealized gain (loss)
(8)1 (7)(1)— (1)1 — 1 
Currency translation:
Translation adjustment(166)4 (162)17 — 17 (29)— (29)
Postretirement benefits:
Unrealized gain (loss)58 (15)43 10 (2)8 1 — 1 
Pension settlement reclassified to other (income) expense— — — (26)7 (19)(58)14 (44)
Total other comprehensive income (loss)$(115)$(10)$(125)$2 $5 $7 $(72)$10 $(62)
Schedule of Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive loss are as follows (in millions):
 20222021
Accumulated other comprehensive income (loss), net of taxes:
Unrealized net hedging loss$(12)$(13)
Unrealized net gain (loss) on investments(6)1 
Currency translation adjustment(281)31(119)
Postretirement benefits reserve adjustments2 (41)
Total accumulated other comprehensive income (loss)$(297)$(172)
v3.22.2.2
Statement of Cash Flows, Supplemental Disclosures (Tables)
 12 Months Ended
Oct. 01, 2022
Supplemental Cash Flow Elements [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures The following table summarizes cash payments for interest and income taxes (in millions):
202220212020
Interest, net of amounts capitalized$363 $444 $536 
Income taxes, net of refunds1,216 683 511 
v3.22.2.2
Other Comprehensive Income (Loss) (Components Of Other Comprehensive Income (Loss)) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Other Comprehensive Income Loss [Line Items]      
Total Other Comprehensive Income (Loss), Before Tax $ (115) $ 2 $ (72)
Total Other Comprehensive Income (Loss), Tax (10) 5 10
Total Other Comprehensive Income (Loss), Net of Taxes (125) 7 (62)
Accumulated Other Comprehensive Income (Loss), Net of Tax (297) (172)  
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax (12) (13)  
AOCI, Debt Securities, Available-for-Sale, Adjustment, after Tax (6) (1)  
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax (281) (119)  
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax (2) (41)  
Derivatives accounted for as cash flow hedges:      
Other Comprehensive Income Loss [Line Items]      
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax 0 0 (17)
Other Comprehensive Income (Loss), Before Reclassifications, Tax 0 0 5
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax 0 0 (12)
Derivatives accounted for as cash flow hedges: | Interest Expense [Member]      
Other Comprehensive Income Loss [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Before Tax 1 1 6
Reclassification from AOCI, Current Period, Tax 0 0 (2)
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 1 1 4
Derivatives accounted for as cash flow hedges: | Cost of Sales      
Other Comprehensive Income Loss [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Before Tax 0 1 24
Reclassification from AOCI, Current Period, Tax 0 0 (7)
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 0 1 17
Investments:      
Other Comprehensive Income Loss [Line Items]      
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax (8) (1) 1
Other Comprehensive Income (Loss), Before Reclassifications, Tax 1 0 0
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax (7) (1) 1
Currency translation:      
Other Comprehensive Income Loss [Line Items]      
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax (166) 17 (29)
Other Comprehensive Income (Loss), Before Reclassifications, Tax 4 0 0
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax (162) 17 (29)
Postretirement benefits:      
Other Comprehensive Income Loss [Line Items]      
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax 58 10 1
Other Comprehensive Income (Loss), Before Reclassifications, Tax (15) (2) 0
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax 43 8 1
Postretirement benefits: | Other income/expense      
Other Comprehensive Income Loss [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Before Tax 0 (26) (58)
Reclassification from AOCI, Current Period, Tax 0 7 14
Reclassification from Accumulated Other Comprehensive Income, Net of Tax $ 0 $ (19) $ (44)
v3.22.2.2
Other Comprehensive Income (Loss) (Schedule of Accumulated Other Comprehensive Income(Loss))(Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Other Comprehensive Income Loss [Line Items]    
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax $ 12 $ 13
AOCI, Debt Securities, Available-for-Sale, Adjustment, after Tax 6 1
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax 281 119
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax 2 41
Accumulated Other Comprehensive Income (Loss), Net of Tax $ (297) $ (172)
v3.22.2.2
Business And Summary Of Significant Accounting Policies
 12 Months Ended
Oct. 01, 2022
Policy Text Block [Abstract]  
Accounting Policies BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Description of Business
Tyson Foods, Inc. (collectively, “Company,” “we,” “us” or “our”), is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under four generations of family leadership, the Company has a broad portfolio of products and brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. We innovate continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do.
Consolidation
The consolidated financial statements include the accounts of all wholly-owned subsidiaries, as well as majority-owned subsidiaries over which we exercise control and, when applicable, entities for which we have a controlling financial interest or variable interest entities for which we are the primary beneficiary. All significant intercompany accounts and transactions have been eliminated in consolidation.
Fiscal Year
We utilize a 52- or 53-week accounting period ending on the Saturday closest to September 30. The Company’s accounting cycle resulted in a 52-week year for fiscal 2022 and fiscal 2021 and a 53-week year for fiscal 2020.
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 $135 million and $120 million at October 1, 2022, and October 2, 2021, respectively.
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 October 1, 2022, and October 2, 2021, our allowance for credit losses was $29 million and $25 million, respectively. We generally do not have collateral for our receivables, but we do periodically evaluate the credit worthiness of our customers.
Inventories
Processed products, livestock and supplies and other are valued at the lower of cost or net realizable value. Cost includes purchased raw materials, live purchase costs, livestock growout costs (primarily feed, livestock grower pay and catch and haul costs), labor and manufacturing and production overhead, which are related to the purchase and production of inventories. In fiscal 2022 and fiscal 2021, the cost of inventories was determined by either the first-in, first-out (“FIFO”) method or the weighted-average method. The following table reflects the major components of inventory at October 1, 2022, and October 2, 2021 (in millions):
20222021
Processed products$3,188 $2,426 
Livestock1,454 1,215 
Supplies and other872 741 
Total inventory$5,514 $4,382 
Property, Plant and Equipment
Property, plant and equipment are stated at cost and generally depreciated on a straight-line method over the estimated lives for buildings and leasehold improvements of 10 to 33 years, machinery and equipment of 3 to 12 years and land improvements and other of 3 to 20 years. Major repairs and maintenance costs that significantly extend the useful life of the related assets are capitalized. Normal repairs and maintenance costs are charged to operations. We review the carrying value of long-lived assets at each balance sheet date if indication of impairment exists. Recoverability is assessed using undiscounted cash flows based on historical results and current projections of earnings before interest, taxes, depreciation and amortization. We measure impairment as the excess of carrying value over the fair value of an asset group. The fair value of an asset group is generally measured using discounted cash flows including market participant assumptions of future operating results and discount rates.
Goodwill and Intangible Assets
Definite life intangibles are initially recorded at fair value and amortized over the estimated period of benefit. Brands and trademarks are generally amortized using the straight-line method over 20 years or less. Customer relationships and supply arrangements are generally amortized over 7 to 30 years based on the pattern of revenue expected to be generated from the use of the asset. The gross cost and accumulated amortization of intangible assets are removed when the recorded amounts are fully amortized and the asset is no longer in use or the contract has expired. Amortization expense is generally recognized in selling, general, and administrative expense. We review the carrying value of definite life intangibles at each balance sheet date if indication of impairment exists. Recoverability is assessed using undiscounted cash flows based on historical results and current projections of earnings before interest, taxes, depreciation and amortization. We measure impairment as the excess of carrying value over the fair value of the definite life intangible asset 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. Our goodwill is allocated by reporting unit and is evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative goodwill test is necessary. If it is determined, based on qualitative factors, the fair value of the reporting unit may be more likely than not less than carrying amount, or if significant changes to macro-economic factors related to the reporting unit have occurred that could materially impact fair value, a quantitative goodwill impairment test would be required. Additionally, we can elect to forgo the qualitative assessment and perform the quantitative test. The quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds the fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the carrying amount of goodwill.
We estimate the fair value of our reporting units considering the use of various valuation techniques, with the primary technique being an income approach (discounted cash flow method), with another technique being a market approach (guideline public company method), which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy. We include assumptions about sales growth, operating margins, discount rates and valuations multiples which consider our budgets, business plans, economic projections and marketplace data, and are believed to reflect market participant views which would exist in an exit transaction. Assumptions are also made for varying perpetual growth rates for periods beyond the long-term business plan period. Generally, we utilize operating margin assumptions based on future expectations, operating margins historically realized in the reporting units' industries and industry marketplace valuation multiples.
Some of the inherent estimates and assumptions used in determining fair value of the reporting units are outside the control of management, including interest rates, cost of capital, tax rates, market EBITDA comparables and credit ratings. While we believe we have made reasonable estimates and assumptions to calculate the fair value of the reporting units, it is possible a material change could occur. If our actual results are not consistent with our estimates and assumptions used to calculate fair value, it could result in additional material impairments of our goodwill.
During fiscal 2022, 2021 and 2020, we determined none of our material reporting units’ fair values were below its carrying value. All of our material reporting units’ estimated fair value exceeded their carrying value by more than 20% at the date of their most recent estimated fair value determination, other than one of our Chicken segment reporting units and two of our International reporting units with goodwill totaling $0.6 billion and $0.2 billion, respectively, at October 1, 2022.
For our indefinite life intangible assets, a qualitative assessment can also be performed to determine whether the existence of events and circumstances indicates it is more likely than not an intangible asset is impaired. Similar to goodwill, we can also elect to forgo the qualitative test for indefinite life intangible assets and perform the quantitative test. Upon performing the quantitative test, if the carrying value of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess.
The fair value of our indefinite life intangible assets is calculated principally using multi-period excess earnings and relief-from-royalty valuation approaches, which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy, and is believed to reflect market participant views which would exist in an exit transaction. Under these valuation approaches, we are required to make estimates and assumptions about sales growth, operating margins, royalty rates and discount rates based on budgets, business plans, economic projections, anticipated future cash flows and marketplace data. During fiscal 2022, 2021 and 2020, we determined the fair value of each of our indefinite life intangible assets exceeded its carrying value. All of our indefinite life intangible assets’ estimated fair value exceeded their carrying value by more than 20% at the date of their most recent estimated fair value determination.
Leases
We determine if an agreement is or contains a lease at its inception by evaluating if an identified asset exists that we control for a period of time. When a lease exists, we classify it as a finance or operating lease and record a right-of-use (“ROU”) asset and a corresponding lease liability at lease commencement. We have elected to not record leases with a term of 12 months or less in our Consolidated Balance Sheets, and accordingly, lease expense for these short-term leases is recognized on a straight-line basis over the lease term. Finance lease assets are presented within Net Property, Plant and Equipment, and finance lease liabilities are presented within Current and Long-Term Debt in our Consolidated Balance Sheets. Finance lease disclosures are omitted as they are deemed immaterial. Operating ROU assets are presented within Other Assets, and operating lease liabilities are recorded within Other current liabilities and Other Liabilities in our Consolidated Balance Sheets. Lease assets are subject to review for impairment within the related long-lived asset group.
ROU assets are presented in our Consolidated Balance Sheets based on the present value of the corresponding liabilities and are adjusted for any prepayments, lease incentives received or initial direct costs incurred. The measurement of our ROU assets and liabilities includes all fixed payments and any variable payments based on an index or rate. Variable lease payments which do not depend on an index, or where rates are unknown, are excluded from lease payments in the measurement of the ROU asset and lease liability, and accordingly, are recognized as lease expense in the period the obligation for those payments is incurred. The present value of lease payments is based on our incremental borrowing rate according to the lease term and information available at the lease commencement date, as our lease arrangements generally do not provide an implicit interest rate. The incremental borrowing rate is derived using a hypothetically-collateralized borrowing cost, based on our revolving credit facility, plus a country risk factor, where applicable. We consider our credit rating and the current economic environment in determining the collateralized rate.
Our lease arrangements can include fixed or variable non-lease components, such as common area maintenance, taxes and labor. We account for each lease and any non-lease components associated with that lease as a single lease component for all asset classes, except production and livestock grower asset classes embedded in service and supply agreements, and other asset classes that include significant maintenance or service components. We account for lease and non-lease components of an agreement separately based on relative stand-alone prices either observable or estimated if observable prices are not readily available. For asset classes where an election was made not to separate lease and non-lease components, all costs associated with a lease contract are disclosed as lease costs. The accounting for some of the Company's leases may require significant judgment when determining whether a contract is or contains a lease, the lease term, and the likelihood of exercising renewal or termination options. Our leases can include options to extend or terminate use of the underlying assets. These options are included in the lease term used to determine ROU assets and corresponding liabilities when we are reasonably certain we will exercise the option. Additionally, certain leases can have residual value guarantees, which are included within our operating lease liabilities when considered probable. Our lease agreements do not include significant restrictions or covenants.
Recognition, measurement and presentation of expenses and cash flows arising from a lease will depend on classification as a finance or operating lease. Operating lease expense is recognized on a straight-line basis over the lease term, whereas the amortization of finance lease assets is recognized on a straight-line basis over the shorter of the estimated useful life of the underlying asset or the lease term. Operating lease expense and finance lease amortization are presented in Cost of Sales or Selling, General and Administrative in our Consolidated Statements of Income depending on the nature of the leased item. Interest expense on finance lease obligations is recorded over the lease term and is presented in Interest expense, based on the effective interest method. All operating lease cash payments and interest on finance leases are presented within 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 $477 million and $350 million at October 1, 2022 and October 2, 2021, 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 in other comprehensive income.
The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization is recorded in interest income. The cost of securities sold is based on the specific identification method. Realized gains and losses on the sale of debt securities and declines in value due to credit-related factors are recorded on a net basis in other income. Interest and dividends on securities classified as available-for-sale are recorded in interest income.
Accrued Self-Insurance
We use a combination of insurance and self-insurance mechanisms in an effort to mitigate the potential liabilities for health and welfare, workers’ compensation, auto liability and general liability risks. Liabilities associated with our risks retained are estimated, in part, by considering claims experience, demographic factors, severity factors and other actuarial assumptions.
Other Current Liabilities
Other current liabilities at October 1, 2022, and October 2, 2021, include (in millions):
 20222021
Accrued salaries, wages and benefits$995 $897 
Taxes payable277 729 
Accrued current legal contingencies (a)215 567 
Other884 840 
Total other current liabilities$2,371 $3,033 
(a) $127 million of funds held in an escrow account for litigation settlements were included as restricted cash within Other current assets in the Consolidated Balance Sheet as of October 2, 2021 and no funds were held in the escrow account as of October 1, 2022.
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. The ineffective portion of an instrument’s change in fair value is recognized immediately. Instruments we hold as part of our risk management activities that do not meet the criteria for hedge accounting are marked to fair value with unrealized gains or losses reported currently in earnings. Changes in market value of derivatives used in our risk management activities relating to inputs of forward sales contracts are recorded in Cost of Sales. Changes in market value of derivatives used in our risk management activities surrounding inventories on hand or anticipated purchases of inventories are recorded in Cost of Sales. Changes in market value of derivatives used in our risk management activities related to interest rates are recorded in Interest expense. Changes in the market value of derivatives used in our risk management activities related to foreign exchange contracts are recorded in Other, net. We generally do not hedge anticipated transactions beyond 18 months.
Litigation 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 Recognition
We recognize revenue mainly through retail, foodservice, international, industrial and other distribution channels. Our revenues primarily result from contracts with customers and are generally short term in nature with the delivery of product as the single performance obligation. We recognize revenue for the sale of the product at the point in time when our performance obligation has been satisfied and control of the product has transferred to our customer, which generally occurs upon shipment or delivery to a customer based on terms of the sale. We elected to account for shipping and handling activities that occur after the customer has obtained control of the product as a fulfillment cost rather than an additional promised service. Our contracts are generally less than one year, and therefore we recognize costs paid to third party brokers to obtain contracts as expenses. Additionally, items that are not material in the context of the contract are recognized as expense. Any taxes collected on behalf of government authorities are excluded from net revenues.
Revenue is measured by the transaction price, which is defined as the amount of consideration we expect to receive in exchange for providing goods to customers. The transaction price is adjusted for estimates of known or expected variable consideration, which includes consumer incentives, trade promotions, and allowances, such as coupons, discounts, rebates, volume-based incentives, cooperative advertising, and other programs. Variable consideration related to these programs is recorded as a reduction to revenue based on amounts we expect to pay. We base these estimates on current performance, historical utilization, and projected redemption rates of each program. We review and update these estimates regularly until the incentives or product returns are realized and the impact of any adjustments are recognized in the period the adjustments are identified. In many cases, key sales terms such as pricing and quantities ordered are established on a regular basis such that most customer arrangements and related incentives have a duration of less than one year. Amounts billed and due from customers are short term in nature and are classified as receivables since payments are unconditional and only the passage of time is required before payments are due. Additionally, we do not grant payment financing terms greater than one year. Freight expense associated with products shipped to customers is recognized in cost of sales.
Advertising Expenses
Advertising expense is charged to operations in the period incurred and is recorded as selling, general and administrative expense. Advertising expense totaled $283 million, $246 million, and $283 million in fiscal 2022, 2021 and 2020, respectively.
Research and Development
Research and development costs are expensed as incurred. Research and development costs totaled $108 million, $114 million, $98 million in fiscal 2022, 2021 and 2020, 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 market place data considering the perspective of marketplace participants. Determining the useful life of an intangible asset also requires judgment as different types of intangible assets will have different useful lives and certain assets may be considered to have indefinite useful lives.
Use of Estimates
The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States, which require us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements
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 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 are currently evaluating the impact this guidance will have on our consolidated financial statements.
In March 2020, the FASB issued guidance providing optional expedients and exceptions to account for the effects of reference rate reform to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued. The optional guidance, which became effective on March 12, 2020 and can be applied through December 21, 2022, has not impacted our consolidated financial statements. The Company has various contracts that reference LIBOR and is assessing how this standard may be applied to specific contract modifications through December 31, 2022.
Nature of Operations Description of BusinessTyson Foods, Inc. (collectively, “Company,” “we,” “us” or “our”), is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under four generations of family leadership, the Company has a broad portfolio of products and brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. We innovate continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do.
Restructuring and Related Charges RESTRUCTURING AND RELATED CHARGES
2022 Program
In the fourth quarter of fiscal 2022, the Company approved a restructuring program (the “2022 Program”), which is expected 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 plans to bring together all its corporate team members from the Chicago, Downers Grove and Dakota Dunes area corporate locations to its world headquarters in Springdale, Arkansas, through a phased relocation commencing in early calendar year 2023. We anticipate the 2022 Program and associated expenses will be substantially complete in our fiscal 2025. The following table reflects the total pretax anticipated expenses associated with the 2022 Program (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$24 $9 $7 $52 $8 $100 
Relocation and related costs37 16 — 63 1 117 
Accelerated depreciation9 4 1 18 — 32 
Contract and lease terminations— — — 31 — 31 
Professional and other fees4 1 — 7 1 13 
Total 2022 Program$74 $30 $8 $171 $10 $293 
Restructuring costs include severance expenses, and related charges include costs directly associated with the 2022 Program such as relocation, contract and lease terminations, professional fees and accelerated depreciation resulting from the closure of facilities. We anticipate that $50 million and $243 million of the total pretax anticipated expense will be recorded in Cost of Sales and Selling, General and Administrative, respectively, in our Consolidated Statements of Income. Included in the table above are $264 million of charges that have resulted or will result in cash outflows and $29 million in non-cash charges.
The following table reflects the pretax impact of the 2022 Program’s restructuring and related charges during fiscal 2022, which is also the cumulative costs since the inception of the plan, by reportable segment (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$16 $5 $6 $36 $3 $66 
Relocation and related costs— — — — — — 
Accelerated depreciation— — — — — — 
Contract and lease terminations— — — — — — 
Professional and other fees— — — — — — 
Total 2022 Program charges to date$16 $5 $6 $36 $3 $66 
During fiscal 2022, we recorded restructuring and related charges associated with the 2022 Program of $18 million and $48 million in Cost of Sales and Selling, General and Administrative, respectively, in our Consolidated Statements of Income. Included in the above results are $66 million of charges that have resulted or will result in cash outflows and no non-cash charges.
The following table reflects our liability related to the 2022 Program, which was recognized in other current liabilities in our Consolidated Balance sheet as of October 1, 2022 (in millions):
Balance as of October 2, 2021Restructuring ExpensePaymentsChanges in EstimatesBalance at October 1, 2022
Severance costs$— $66 $— $— $66 
Relocation and related costs— — — — — 
Contract and lease terminations— — — — — 
Professional and other fees— — — — — 
Total$— $66 $— $— $66 
2020 Program
In the first quarter of fiscal 2020, the Company approved a restructuring program (the “2020 Program”) to contribute to the Company’s overall strategy of financial fitness through the elimination of overhead and consolidation of certain enterprise functions. We recognized $60 million of cumulative pretax charges in fiscal 2020 associated with the 2020 Program consisting of severance and employee related costs. The 2020 Program was completed in fiscal 2022, and there was no significant activity in fiscal 2022 or fiscal 2021 and no remaining liabilities associated with this plan.
As the Company continues to evaluate its business strategies and long-term growth targets, additional restructuring activities may occur.
v3.22.2.2
Changes in Accounting Principles
 12 Months Ended
Oct. 01, 2022
Accounting Changes and Error Corrections [Abstract]  
Changes in Accounting Principles CHANGES IN ACCOUNTING PRINCIPLES
In August 2020, the FASB issued guidance that simplifies the accounting for debt with conversion options, revises the criteria for applying the derivative scope exception for contracts in an entity’s own equity and improves the consistency for the calculation of earnings per share. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2021, our fiscal 2023. Early adoption is permitted for annual periods and interim periods within those annual periods beginning after December 15, 2020, our fiscal 2022. We elected to early adopt this guidance beginning in the first quarter of fiscal 2022 and it did not have an impact on our consolidated financial statements.
In December 2019, the FASB issued guidance that simplifies the accounting for income taxes by removing certain exceptions to general principles in Topic 740 and clarifies other general principles by adding certain requirements to Topic 740. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2020, our fiscal 2022. We adopted this guidance in the first quarter of fiscal 2022 and it did not have an impact on our consolidated financial statements.
v3.22.2.2
Acquisitions and Dispositions
 12 Months Ended
Oct. 01, 2022
Business Combination and Asset Acquisition [Abstract]  
Acquisitions and Dispositions ACQUISITIONS AND DISPOSITIONS
Acquisitions
In the fourth quarter of fiscal 2022, we acquired a 35% minority interest in a South American-based fully integrated poultry company for approximately $100 million. We are accounting for the investment under the equity method.
On November 1, 2022, we completed the acquisition of a Saudi Arabia-based Tanmiah Food Company, through which we will acquire a 60% equity stake in Supreme Foods Processing Company, a producer and distributor of value-added and cooked chicken and beef products, and a 15% equity stake in Agricultural Development Company, a fully integrated poultry company, for a total purchase price of approximately $70 million.
In the third quarter of fiscal 2021, we acquired a 49% minority interest in a Malaysian producer of feed and poultry products for $44 million in addition to future contingent payments of up to approximately $65 million. We are accounting for the investment under the equity method.
On January 15, 2020, we acquired a 40% minority interest in a vertically-integrated Brazilian poultry producer for $122 million. On February 7, 2020, we acquired a 50% interest in a joint venture serving the worldwide fats and oils market for $61 million. We are accounting for both of these investments under the equity method.
Dispositions
We completed the sale of our pet treats business, which was included in our Prepared Foods segment, on July 6, 2021 for $1.2 billion, subject to certain adjustments. As a result of the sale, we recorded a pretax gain of $784 million, or post tax gain of $510 million, which was reflected in Cost of Sales in our Consolidated Statement of Income for our fiscal 2021. The business had a net carrying value of $411 million which included $44 million of working capital consisting of inventory, accounts receivable and accounts payable, $17 million of property, plant and equipment and $350 million of goodwill. The goodwill was not deductible for tax purposes. The Company concluded the business 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.
v3.22.2.2
Property, Plant And Equipment
 12 Months Ended
Oct. 01, 2022
Property, Plant and Equipment, Net [Abstract]  
Property, Plant And Equipment PROPERTY, PLANT AND EQUIPMENTThe following table reflects major categories of property, plant and equipment and accumulated depreciation at October 1, 2022, and October 2, 2021 (in millions):
20222021
Land$214 $210 
Building and leasehold improvements5,742 5,370 
Machinery and equipment9,960 9,507 
Land improvements and other516 453 
Buildings and equipment under construction1,461 976 
17,893 16,516 
Less accumulated depreciation9,208 8,679 
Net property, plant and equipment$8,685 $7,837 
v3.22.2.2
Goodwill And Intangible Assets
 12 Months Ended
Oct. 01, 2022
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 2022 and 2021 (in millions):
BeefPorkChickenPrepared
Foods		International/OtherUnallocatedConsolidated
Balance at October 3, 2020 (a)
$676 $423 $3,274 $6,134 $392 $— $10,899 
Fiscal 2021 Activity:
Sale of pet treats business— — — (350)— — (350)
Balance at October 2, 2021 (a)
$676 $423 $3,274 $5,784 $392 $— $10,549 
Fiscal 2022 Activity:
Currency translation— — (1)— (35)— (36)
Balance at October 1, 2022 (a)
$676 $423 $3,273 $5,784 $357 $— $10,513 
(a) Included in goodwill as of October 1, 2022, October 2, 2021 and October 3, 2020, are accumulated impairment losses of $560 million in Beef and $57 million in International/Other.
The following table reflects intangible assets by type at October 1, 2022, and October 2, 2021 (in millions):
20222021
Amortizable intangible assets:
Brands and trademarks$951 $951 
Customer relationships2,371 2,390 
Supply arrangements310 310 
Patents, intellectual property and other45 44 
Land use rights9 12 
Total gross amortizable intangible assets$3,686 $3,707 
Less accumulated amortization1,512 1,266 
Total net amortizable intangible assets$2,174 $2,441 
Brands and trademarks not subject to amortization4,078 4,078 
  Total intangible assets$6,252 $6,519 
Amortization expense of $246 million, $261 million and $278 million was recognized during fiscal 2022, 2021 and 2020, respectively. We estimate amortization expense on intangible assets for the next five fiscal years subsequent to October 1, 2022, will be: 2023 - $227 million; 2024 - $221 million; 2025 - $212 million; 2026 - $206 million; 2027 - $194 million.
v3.22.2.2
Leases (Notes)
 12 Months Ended
Oct. 01, 2022
Leases [Abstract]  
Lessee, Operating 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 and are primarily classified as operating leases. For further description of our lease accounting policy, refer to Note 1: Business and Summary of Significant Accounting Policies. Operating lease ROU assets and liabilities presented in our Consolidated Balance Sheets were as follows (in millions):
October 1, 2022October 2, 2021
Other Assets$507 $531 
Other current liabilities145 155 
Other Liabilities350 368 
The components of lease costs were as follows (in millions):
Twelve Months Ended
October 1, 2022October 2, 2021
Operating lease cost (a)
$175 $183 
Variable lease cost (b)
508 473 
Short-term lease cost30 33 
Total$713 $689 
(a) Sublease income is immaterial and not deducted from operating lease cost.
(b) Variable lease costs are determined based on volume of output received, flocks placed or other performance metrics.
Other operating lease information includes the following:
Twelve Months Ended
October 1, 2022October 2, 2021
Operating cash outflows from operating leases (in millions)$194 $204 
ROU assets obtained in exchange for new operating lease liabilities (in millions)$159 $197 
Weighted-average remaining lease term5 years5 years
Weighted-average discount rate3 %2 %
At October 1, 2022, future maturities of operating leases were as follows (in millions):
Operating Lease Commitments
2023$154 
2024121 
202592 
202666 
202741 
2028 and beyond53 
Total undiscounted operating lease payments$527 
Less: Imputed interest32 
Present value of total operating lease liabilities$495 
At October 1, 2022, our leases that had not yet commenced were not significant.
v3.22.2.2
Restructuring and Related Activities
 12 Months Ended
Oct. 01, 2022
Restructuring and Related Activities [Abstract]  
Restructuring and Related Charges RESTRUCTURING AND RELATED CHARGES
2022 Program
In the fourth quarter of fiscal 2022, the Company approved a restructuring program (the “2022 Program”), which is expected 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 plans to bring together all its corporate team members from the Chicago, Downers Grove and Dakota Dunes area corporate locations to its world headquarters in Springdale, Arkansas, through a phased relocation commencing in early calendar year 2023. We anticipate the 2022 Program and associated expenses will be substantially complete in our fiscal 2025. The following table reflects the total pretax anticipated expenses associated with the 2022 Program (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$24 $9 $7 $52 $8 $100 
Relocation and related costs37 16 — 63 1 117 
Accelerated depreciation9 4 1 18 — 32 
Contract and lease terminations— — — 31 — 31 
Professional and other fees4 1 — 7 1 13 
Total 2022 Program$74 $30 $8 $171 $10 $293 
Restructuring costs include severance expenses, and related charges include costs directly associated with the 2022 Program such as relocation, contract and lease terminations, professional fees and accelerated depreciation resulting from the closure of facilities. We anticipate that $50 million and $243 million of the total pretax anticipated expense will be recorded in Cost of Sales and Selling, General and Administrative, respectively, in our Consolidated Statements of Income. Included in the table above are $264 million of charges that have resulted or will result in cash outflows and $29 million in non-cash charges.
The following table reflects the pretax impact of the 2022 Program’s restructuring and related charges during fiscal 2022, which is also the cumulative costs since the inception of the plan, by reportable segment (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$16 $5 $6 $36 $3 $66 
Relocation and related costs— — — — — — 
Accelerated depreciation— — — — — — 
Contract and lease terminations— — — — — — 
Professional and other fees— — — — — — 
Total 2022 Program charges to date$16 $5 $6 $36 $3 $66 
During fiscal 2022, we recorded restructuring and related charges associated with the 2022 Program of $18 million and $48 million in Cost of Sales and Selling, General and Administrative, respectively, in our Consolidated Statements of Income. Included in the above results are $66 million of charges that have resulted or will result in cash outflows and no non-cash charges.
The following table reflects our liability related to the 2022 Program, which was recognized in other current liabilities in our Consolidated Balance sheet as of October 1, 2022 (in millions):
Balance as of October 2, 2021Restructuring ExpensePaymentsChanges in EstimatesBalance at October 1, 2022
Severance costs$— $66 $— $— $66 
Relocation and related costs— — — — — 
Contract and lease terminations— — — — — 
Professional and other fees— — — — — 
Total$— $66 $— $— $66 
2020 Program
In the first quarter of fiscal 2020, the Company approved a restructuring program (the “2020 Program”) to contribute to the Company’s overall strategy of financial fitness through the elimination of overhead and consolidation of certain enterprise functions. We recognized $60 million of cumulative pretax charges in fiscal 2020 associated with the 2020 Program consisting of severance and employee related costs. The 2020 Program was completed in fiscal 2022, and there was no significant activity in fiscal 2022 or fiscal 2021 and no remaining liabilities associated with this plan.
As the Company continues to evaluate its business strategies and long-term growth targets, additional restructuring activities may occur.
v3.22.2.2
Income Taxes
 12 Months Ended
Oct. 01, 2022
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXESDetail of the provision for income taxes from continuing operations consists of the following (in millions):
202220212020
Federal$764 $791 $477 
State94 163 98 
Foreign42 27 18 
 $900 $981 $593 
Current$636 $1,106 $575 
Deferred264 (125)18 
 $900 $981 $593 
The reasons for the difference between the statutory federal income tax rate and our effective income tax rate from continuing operations are as follows:
202220212020
Federal income tax rate21.0 %21.0 %21.0 %
State income taxes2.0 3.3 2.9 
Foreign-derived intangible income deduction(1.0)(1.1)(0.6)
Goodwill— 1.8 — 
Other(0.3)(0.7)(1.0)
21.7 %24.3 %22.3 %
During fiscal 2022, state tax expense, net of federal benefit, was $83 million, which includes $36 million benefit related to the remeasurement of deferred income taxes, primarily due to legislation decreasing state tax rates enacted in fiscal 2022. The tax benefit from foreign-derived intangible income deduction was $42 million.
During fiscal 2021, state tax expense, net of federal benefit, was $135 million, and the tax benefit from foreign-derived intangible income deduction was $44 million. Non-deductible goodwill associated with the sale of our pet treats business increased the effective tax rate by 1.8%.
During fiscal 2020, state tax expense, net of federal benefit, was $78 million.
Approximately $4,025 million, $3,963 million and $2,605 million of income from continuing operations before income taxes for fiscal 2022, 2021 and 2020, respectively, were from our operations based in the United States.
We recognize deferred income taxes for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
The tax effects of major items recorded as deferred tax assets and liabilities as of October 1, 2022, and October 2, 2021, are as follows (in millions):
20222021
AssetsLiabilitiesAssetsLiabilities
Property, plant and equipment$— $1,091 $— $990 
Intangible assets— 1,515 — 1,564 
ROU assets— 144 — 158 
Accrued expenses410 — 558 — 
Lease liabilities126 — 133 — 
Net operating loss and other carryforwards198 — 167 — 
Other87 326 79 251 
$821 $3,076 $937 $2,963 
Valuation allowance$(195)$(151)
Net deferred tax liability$2,450 $2,177 
At October 1, 2022, our gross state net operating loss carryforwards approximated $1,480 million, of which $1,345 million expire in fiscal years 2023 through 2042, and the remainder has no expiration. Gross foreign net operating loss carryforwards approximated $321 million, of which $137 million expire in fiscal years 2023 through 2038, and the remainder has no expiration. We also have tax credit carryforwards of approximately $52 million which expire in fiscal years 2023 through 2037.
We have accumulated undistributed earnings of foreign subsidiaries aggregating approximately $570 million at October 1, 2022. Our undistributed earnings are generally expected to be indefinitely reinvested outside of the United States, except for excess cash (net 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 these earnings, and 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 at October 1, 2022, October 2, 2021, and October 3, 2020 (in millions):
202220212020
Balance as of the beginning of the year$152 $165 $169 
Increases related to current year tax positions16 25 21 
Increases related to prior year tax positions20 7 5 
Reductions related to prior year tax positions(13)(7)(9)
Reductions related to settlements(3)(1)(3)
Reductions related to expirations of statutes of limitations(20)(37)(18)
Balance as of the end of the year$152 $152 $165 
The amount of unrecognized tax benefits, if recognized, that would impact our effective tax rate was $112 million at October 1, 2022 and $111 million at October 2, 2021. We classify interest and penalties on unrecognized tax benefits as income tax expense. At October 1, 2022, and October 2, 2021, before tax benefits, we had $47 million and $49 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 held our Mexico operations. At October 1, 2022, the assessment totaled approximately $411 million (8.3 billion Mexican pesos), which includes tax, inflation adjustment, interest and penalties. We believe the assertions made in the assessment letter have no merit and will defend our positions through the Mexican administrative appeal process and litigation, if necessary. Based on our analysis of this assessment in accordance with FASB guidance related to unrecognized tax benefits, we have not recorded a liability related to the issue.
As of October 1, 2022, certain United States federal income tax returns are subject to examination for fiscal years 2013 through 2021. We are also subject to income tax examinations by major state and foreign jurisdictions for fiscal years 2015 through 2021 and 2017 through 2021, respectively. We do not expect material changes to our unrecognized tax benefits during the next twelve months.
On August 16, 2022, the Inflation Reduction Act of 2022 (“IRA”) was signed into law. The IRA made several changes to the U.S. tax code effective after December 31, 2022, including, but not limited to, a 15% minimum tax on large corporations with average annual financial statement income of more than $1 billion for a three tax-year period and a 1% excise tax on public company stock buybacks, which will be accounted for in treasury stock. We do not expect these changes to have a material impact on our provision for income taxes or financial statements.
v3.22.2.2
Debt
 12 Months Ended
Oct. 01, 2022
Debt Instruments [Abstract]  
Debt DEBT
The following table reflects major components of debt as of October 1, 2022, and October 2, 2021 (in millions):
20222021
Revolving credit facility$— $— 
Commercial Paper— — 
Senior notes:
4.50% Senior notes due June 2022 — 1,000 
3.90% Notes due September 2023400 400 
3.95% Notes due August 2024 1,250 1,250 
4.00% Notes due March 2026 (“2026 Notes”)
800 800 
3.55% Notes due June 20271,350 1,350 
7.00% Notes due January 202818 18 
4.35% Notes due March 2029 (“2029 Notes”)
1,000 1,000 
6.13% Notes due November 2032 160 160 
4.88% Notes due August 2034 500 500 
5.15% Notes due August 2044 500 500 
4.55% Notes due June 2047750 750 
5.10% Notes due September 2048 (“2048 Notes”)
1,500 1,500 
Discount on senior notes(39)(42)
Other175 212 
Unamortized debt issuance costs(43)(50)
Total debt8,321 9,348 
Less current debt459 1,067 
Total long-term debt$7,862 $8,281 
Annual maturities of debt for the five fiscal years subsequent to October 1, 2022 are: 2023 - $467 million; 2024 - $1,282 million; 2025 - $20 million; 2026 - $812 million; 2027 - $1,354 million.
Revolving Credit Facility and Letters of Credit
We have a $2.25 billion revolving credit facility that supports short-term funding needs and serves as a backstop to our commercial paper program. The facility will mature and the commitments thereunder will terminate in September 2026 with options for two one-year extensions. At October 1, 2022, amounts available for borrowing under this facility totaled $2.25 billion and we had no borrowings and no outstanding letters of credit issued under this facility. At October 1, 2022 we had $97 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. In November 2022, we entered into an amendment to change the reference rate from the London interbank offered rate (commonly referred to as LIBOR) to a rate based on the secured overnight financing rate (commonly referred to as SOFR).
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 $1.5 billion. As of October 1, 2022, we had no commercial paper outstanding. Our ability to access commercial paper in the future may be limited or its costs increased.
June 2022 Notes
On March 15, 2022, we redeemed the $1 billion outstanding balance of the Senior Notes due June 2022 using cash on hand.
Debt Covenants
Our revolving credit facility contains 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 October 1, 2022.
v3.22.2.2
Equity
 12 Months Ended
Oct. 01, 2022
Equity [Abstract]  
Equity EQUITY
Capital Stock
We have two classes of capital stock, Class A Common stock, $0.10 par value (“Class A stock”) and Class B Common Stock, $0.10 par value (“Class B stock”). Holders of Class B stock may convert such stock into Class A stock on a share-for-share basis. Holders of Class B stock are entitled to 10 votes per share, while holders of Class A stock are entitled to one vote per share on matters submitted to shareholders for approval. As of October 1, 2022, TLP owned 99.985% of the outstanding shares of Class B stock and the TLP and members of the Tyson family owned, in the aggregate, 2.27% of the outstanding shares of Class A stock, giving them, collectively, control of approximately 71.15% of the total voting power of the outstanding voting stock.
The Class B stock is considered a participating security requiring the use of the two-class method for the computation of basic earnings per share. The two-class computation method for each period reflects the cash dividends paid for each class of stock, plus the amount of allocated undistributed earnings (losses) computed using the participation percentage, which reflects the dividend rights of each class of stock. Basic earnings per share were computed using the two-class method for all periods presented. The shares of Class B stock are considered to be participating convertible securities since the shares of Class B stock are convertible on a share-for-share basis into shares of Class A stock. Diluted earnings per share were computed assuming the conversion of the Class B shares into Class A shares as of the beginning of each period.
Dividends
Cash dividends cannot be paid to holders of Class B stock unless they are simultaneously paid to holders of Class A stock. The per share amount of the cash dividend paid to holders of Class B stock cannot exceed 90% of the cash dividend simultaneously paid to holders of Class A stock. We pay quarterly cash dividends to Class A and Class B shareholders. We paid Class A dividends per share of $1.84, $1.78, and $1.68 in fiscal 2022, 2021, and 2020, respectively. We paid Class B dividends per share of $1.66, $1.60, and $1.51 in fiscal 2022, 2021, and 2020, respectively. Effective November 11, 2022, the Board of Directors increased the quarterly dividend previously declared on August 11, 2022, to $0.48 per share on our Class A stock and $0.432 per share on our Class B stock. The increased quarterly dividend is payable on December 15, 2022, to shareholders of record at the close of business on December 1, 2022.
Share Repurchases
As of October 1, 2022, 12.0 million shares remained available for repurchase under the Company’s share repurchase program. The program has no fixed or scheduled termination date and the timing and extent to which we repurchase shares will depend upon, among other things, our working capital needs, markets, industry conditions, liquidity targets, limitations under our debt obligations and regulatory requirements. In addition to the share repurchase program, we purchase shares on the open market to fund certain obligations under our equity compensation plans.
A summary of cumulative share repurchases of our Class A stock for fiscal 2022, 2021 and 2020 is as follows (in millions):
October 1, 2022October 2, 2021October 3, 2020
SharesDollarsSharesDollarsSharesDollars
Shares repurchased:
Under share repurchase program6.9 $587 — $— 1.8 $150 
To fund certain obligations under equity compensation plans1.3 115 0.9 67 0.7 57 
Total share repurchases8.2 $702 0.9 $67 2.5 $207 
v3.22.2.2
Earnings Per Share
 12 Months Ended
Oct. 01, 2022
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
The earnings and weighted average common shares used in the computation of basic and diluted earnings per share are as follows (in millions, except per share data):
202220212020
Numerator:
Net income$3,249 $3,060 $2,071 
Less: Net income attributable to noncontrolling interests11 13 10 
Net income attributable to Tyson3,238 3,047 2,061 
Less dividends declared:
Class A539 532 508 
Class B117 113 108 
Undistributed earnings$2,582 $2,402 $1,445 
Class A undistributed earnings$2,122 $1,977 $1,189 
Class B undistributed earnings460 425 256 
Total undistributed earnings$2,582 $2,402 $1,445 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares290 293 293 
Class B weighted average shares, and shares under if-converted method for diluted earnings per share70 70 70 
Effect of dilutive securities:
Stock options, restricted stock and performance units3 2 2 
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions363 365 365 
Net Income Per Share Attributable to Tyson:
Class A Basic$9.18 $8.57 $5.79 
Class B Basic$8.25 $7.70 $5.21 
Diluted
$8.92 $8.34 $5.64 
Dividends Declared Per Share:
Class A$1.855 $1.805 $1.725 
Class B$1.670 $1.625 $1.553 
Approximately 2 million, 4 million, and 2 million of our stock-based compensation shares were antidilutive for fiscal 2022, 2021, and 2020. These shares were not included in the dilutive earnings per share calculation.
We have two classes of capital stock, Class A stock and Class B stock. Cash dividends cannot be paid to holders of Class B stock unless they are simultaneously paid to holders of Class A stock. The per share amount of cash dividends paid to holders of Class B stock cannot exceed 90% of the cash dividends paid to holders of Class A stock.
We allocate undistributed earnings based upon a 1 to 0.9 ratio per share to Class A stock and Class B stock, respectively. We allocate undistributed earnings based on this ratio due to historical dividend patterns, voting control of Class B shareholders and contractual limitations of dividends to Class B stock.
v3.22.2.2
Derivative Financial Instruments
 12 Months Ended
Oct. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments DERIVATIVE FINANCIAL INSTRUMENTS
Our business operations give rise to certain market risk exposures mostly due to changes in commodity prices, foreign currency exchange rates and interest rates. We manage a portion of these risks through the use of derivative financial instruments to reduce our exposure to commodity price risk, foreign currency risk and interest rate risk. Our risk management programs are periodically reviewed by our Board of Directors’ Audit Committee. These programs and risks are monitored by senior management and may be revised as market conditions dictate. Our current risk management programs utilize various industry-standard models that take into account the implicit cost of hedging. Credit risks associated with our derivative contracts are not significant as we minimize counterparty exposure by dealing with credit-worthy counterparties and utilizing exchange traded instruments, margin accounts or letters of credit. Additionally, our derivative contracts are mostly short-term in duration and we generally do not make use of credit-risk-related contingent features. No significant concentrations of credit risk existed at October 1, 2022.
We had the following aggregated outstanding notional amounts related to our derivative financial instruments (in millions, except soybean meal tons):
MetricOctober 1, 2022October 2, 2021
Commodity:
CornBushels44 37 
Soybean MealTons532,700 1,026,733 
Live CattlePounds280 417 
Lean HogsPounds339 413 
Foreign CurrencyUnited States dollar$249 $130 
We recognize all derivative instruments as either assets or liabilities at fair value in the Consolidated Balance Sheets, with the exception of normal purchases and normal sales expected to result in physical delivery. For those derivative instruments that are designated and qualify as hedging instruments, we designate the hedging instrument based upon the exposure being hedged (i.e., cash flow hedge or fair value hedge). We designate certain forward contracts as follows:
•Cash Flow Hedges – include certain commodity forward and option contracts of forecasted purchases (i.e., grains), interest rate swaps and locks, and certain foreign exchange forward contracts.
•Fair Value Hedges – include certain commodity forward contracts of firm commitments (i.e., livestock).
Cash Flow Hedges
Derivative instruments are designated as hedges against changes in the amount of future cash flows related to procurement of certain commodities utilized in our production processes as well as interest rates to our variable rate debt. For the derivative instruments we designate and qualify as a cash flow hedge, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income (“OCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses representing hedge ineffectiveness are recognized in earnings in the current period. Ineffectiveness related to our cash flow hedges was not significant during fiscal 2022, 2021 and 2020. As of October 1, 2022, we have $14 million of realized losses related to treasury rate locks in connection with the issuance of the 2026, 2029 and 2048 Notes, which will be reclassified to earnings over the lives of these notes. During fiscal 2022, 2021 and 2020, we did not reclassify significant pretax gains or losses into earnings as a result of the discontinuance of cash flow hedges. The following table sets forth the pretax impact of cash flow hedge derivative instruments in Other Comprehensive Income (in millions):
Gain (Loss) Recognized in OCI on Derivatives202220212020
Cash Flow Hedge – Derivatives designated as hedging instruments:
Commodity contracts$— $— $(17)
Interest rate hedges— — — 
Total$— $— $(17)
Fair Value Hedges
We designate certain derivative contracts as fair value hedges of firm commitments to purchase livestock for harvest. Our objective of these hedges is to minimize the risk of changes in fair value created by fluctuations in commodity prices associated with fixed price livestock firm commitments. For these derivative instruments we designate and qualify as a fair value hedge, the gain or loss on the derivative, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are recognized in earnings in the same period. We include the gain or loss on the hedged items (i.e., livestock purchase firm commitments) in the same line item, Cost of Sales, as the offsetting gain or loss on the related livestock forward position. Ineffectiveness related to our fair value hedges was not significant during fiscal 2022, 2021 and 2020. The carrying amount of fair value hedge (assets) liabilities as of fiscal 2022, 2021 and 2020 were as follows (in millions):
Consolidated Balance Sheets Classification202220212020
Inventory$(12)$(6)$6 
Undesignated Positions
In addition to our designated positions, we also hold derivative contracts for which we do not apply hedge accounting. These include certain derivative instruments related to commodities price risk, including grains, livestock, energy and foreign currency risk. We mark these positions to fair value through earnings at each reporting date.
Reclassification to Earnings
The following table sets forth the total amounts of each income and expense line item presented in the Consolidated Statements of Income in which the effects of hedges are recorded (in millions):
Consolidated Statements of Income Classification202220212020
Cost of Sales$46,614 $40,523 $37,801 
Interest Expense365 428 485 
Other, net(87)(65)(131)
The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Statements of Income (in millions):
Consolidated Statements of Income Classification202220212020
Cost of SalesGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Commodity contracts$— $(1)$(24)
Gain (Loss) on fair value hedges:
Commodity contracts (a) (29)(55)135 
Gain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts254 70 (103)
Total$225 $14 $8 
Interest ExpenseGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Interest rate contracts$(1)$(1)$(6)
Other, netGain (Loss) on derivatives not designated as hedging instruments:
Foreign exchange contracts$(9)$(5)$(5)
(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.
v3.22.2.2
Fair Value Measurements
 12 Months Ended
Oct. 01, 2022
Fair Value Disclosures [Abstract]  
Fair Value Measurements FAIR VALUE MEASUREMENTSFair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The fair value hierarchy contains three levels as follows:
Level 1 — Unadjusted quoted prices available in active markets for the identical assets or liabilities at the measurement date.
Level 2 — Other observable inputs available at the measurement date, other than quoted prices included in Level 1, either directly or indirectly, including:
•Quoted prices for similar assets or liabilities in active markets;
•Quoted prices for identical or similar assets in non-active markets;
•Inputs other than quoted prices that are observable for the asset or liability; and
•Inputs derived principally from or corroborated by other observable market data.
Level 3 — Unobservable inputs that cannot be corroborated by observable market data and reflect the use of significant management judgment. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions.
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The fair value hierarchy requires the use of observable market data when available. In instances where the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input significant to the fair value measurement in its entirety. Our assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.
The following tables set forth by level within the fair value hierarchy our financial assets and liabilities accounted for at fair value on a recurring basis according to the valuation techniques we used to determine their fair values (in millions):
October 1, 2022Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $14 $— $(6)$8 
Undesignated — 154 — (58)96 
Available for sale securities (current)— 1 — — 1 
Other Assets:
Available for sale securities (non-current)— 65 35 — 100 
Deferred compensation assets38 327 — — 365 
Total Assets$38 $561 $35 $(64)$570 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $2 $— $(2)$— 
Undesignated — 106 — (72)34 
Total Liabilities$— $108 $— $(74)$34 
October 2, 2021Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $18 $— $(10)$8 
Undesignated— 169 — (89)80 
Available for sale securities (current)— — — — — 
Other Assets:
Available for sale securities (non-current)— 61 48 — 109 
Deferred Compensation assets14 397 — — 411 
Total Assets$14 $645 $48 $(99)$608 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $12 $— $(12)$— 
Undesignated— 159 — (143)16 
Total liabilities$— $171 $— $(155)$16 
(a) Our derivative assets and liabilities are presented in our Consolidated Balance Sheets on a net basis when a legally enforceable master netting arrangement exists between the counterparty to a derivative contract and us. Additionally, at October 1, 2022, and October 2, 2021, we had $10 million and $56 million respectively, of net cash collateral posted with various counterparties where master netting arrangements exist and held no cash collateral.
The following table provides a reconciliation between the beginning and ending balance of marketable debt securities measured at fair value on a recurring basis in the table above that used significant unobservable inputs (Level 3) (in millions):
October 1, 2022October 2, 2021
Balance at beginning of year$48 $53 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)(3)(1)
Purchases8 20 
Settlements(18)(24)
Balance at end of year$35 $48 
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 47 years.
We classify our investments in U.S. government, U.S. agency, certificates of deposit and commercial paper debt securities as Level 2 as fair value is generally estimated using discounted cash flow models that are primarily industry-standard models that consider various assumptions, including time value and yield curve as well as other readily available relevant economic measures. We classify certain corporate, asset-backed and other debt securities as Level 3 as there is limited activity or less observable inputs into valuation models, including current interest rates and estimated prepayment, default and recovery rates on the underlying portfolio or structured investment vehicle. Significant changes to assumptions or unobservable inputs in the valuation of our Level 3 instruments would not have a significant impact to our consolidated financial statements.
The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):
October 1, 2022October 2, 2021
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$71 $66 $(5)$61 $61 $— 
Corporate and Asset-Backed37 35 (2)47 48 1 
Unrealized holding gains (losses), net of tax, are excluded from earnings and reported in OCI until the security is settled or sold. On a quarterly basis, we evaluate whether losses related to our available-for-sale securities are due to credit or noncredit 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 2022, 2021 or 2020.
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.
In fiscal 2022, we recognized gains of $37 million in Other, net in the Consolidated Statements of Income, based upon observable price changes. Equity investments without readily determinable fair values are measured using Level 3 inputs and are included in Other Assets in the Consolidated Balance Sheets. We did not have any significant measurements of assets or liabilities at fair value on a nonrecurring basis subsequent to their initial recognition during the twelve months ended October 2, 2021 and October 3, 2020.
Other Financial Instruments
Fair value of our debt is principally estimated using Level 2 inputs based on quoted prices for those or similar instruments. Fair value and carrying value for our debt are as follows (in millions):
October 1, 2022October 2, 2021
Fair
Value		Carrying
Value		Fair
Value		Carrying
Value
Total Debt$7,762 $8,321 $10,810 $9,348 
Concentrations of Credit Risk
Our financial instruments exposed to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Our cash equivalents are in high quality securities placed with major banks and financial institutions. Concentrations of credit risk with respect to receivables are limited due to the large number of customers and their dispersion across geographic areas. We perform periodic credit evaluations of our customers’ financial condition and generally do not require collateral. At October 1, 2022, and October 2, 2021, 16.4% and 16.3%, 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.
v3.22.2.2
Stock-Based Compensation
 12 Months Ended
Oct. 01, 2022
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 8,459,910 at October 1, 2022.
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, October 2, 20217,207,026 $63.82 
Exercised(2,094,198)61.16 
Forfeited or expired(539,743)75.78 
Granted1,456,544 81.51 
Outstanding, October 1, 20226,029,629 $67.95 6.6$37 
Exercisable, October 1, 20223,536,020 $63.12 5.2$32 
The weighted average grant-date fair value of options granted in fiscal 2022, 2021 and 2020 was $16.53, $11.03 and $16.77, 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.
202220212020
Expected life (in years)4.44.34.3
Risk-free interest rate1.1 %0.3 %1.6 %
Expected volatility30.0 %32.2 %25.7 %
Expected dividend yield2.4 %3.4 %2.0 %
We recognized stock-based compensation expense related to stock options, net of income taxes, of $13 million, $19 million and $16 million for fiscal 2022, 2021 and 2020, respectively. The related tax benefit for fiscal 2022, 2021 and 2020 was $3 million, $4 million and $4 million, respectively. We had 1.5 million, 1.9 million and 1.3 million options vest in fiscal 2022, 2021 and 2020, respectively, with a grant date fair value of $19 million, $25 million and $17 million, respectively.
In fiscal 2022, 2021 and 2020, we received cash of $126 million, $41 million and $30 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 2022, 2021 and 2020, was $12 million, $5 million and $6 million, respectively. The total intrinsic value of options exercised in fiscal 2022, 2021 and 2020, was $22 million, $20 million and $21 million, respectively.
As of October 1, 2022, we had $21 million of total unrecognized compensation cost related to stock option plans that will be recognized over a weighted average period of 1.2 years.
Restricted Stock
We issue restricted stock at the market value as of the date of grant, with restrictions expiring over periods through fiscal 2025. Unearned compensation is recognized over the vesting period for the particular grant using a straight-line method.
Number of SharesWeighted
Average Grant-
Date Fair Value
Per Share		Weighted Average
Remaining
Contractual Life
(in Years)		Aggregate
Intrinsic Value
(in millions)
Nonvested, October 2, 20211,974,136 $68.88 
Granted708,855 82.37 
Dividends12,833 82.51 
Vested(884,444)64.92 
Forfeited(204,849)74.87 
Nonvested, October 1, 20221,606,531 $76.36 1.4$106 
As of October 1, 2022, we had $53 million of total unrecognized compensation cost related to restricted stock awards that will be recognized over a weighted average period of 1.9 years.
We recognized stock-based compensation expense related to restricted stock, net of income taxes, of $28 million, $35 million and $36 million for fiscal 2022, 2021 and 2020, respectively. The related tax benefit for fiscal 2022, 2021 and 2020 was $7 million, $9 million and $9 million, respectively. We had 0.9 million, 0.5 million and 0.6 million restricted stock awards vest in fiscal 2022, 2021 and 2020, respectively, with a grant date fair value of $57 million, $37 million and $34 million, respectively.
Performance-Based Shares
We award performance-based shares of our Class A stock to certain team members. These awards are typically granted once a year. Performance-based shares vest based upon the passage of time and the achievement of performance or market performance criteria, ranging from 0% to 200%, as determined by the Compensation Committee prior to the date of the award. Vesting periods for these awards are three years. We review progress toward the attainment of the performance criteria each quarter during the vesting period. When it is probable the minimum performance criteria for an award will be achieved, we begin recognizing the expense equal to the proportionate share of the total fair value of the Class A stock price on the grant date. The total expense recognized over the duration of performance awards will equal the Class A stock price on the date of grant multiplied by the number of shares ultimately awarded based on the level of attainment of the performance criteria. For grants with market performance criteria, the fair value is determined on the grant date and is calculated using the same inputs for expected volatility, expected dividend yield, and risk-free rate as stock options, noted above, with a duration of three years. The total expense recognized over the duration of the award will equal the fair value, regardless if the market performance criteria is met.
The following table summarizes the performance-based shares at the maximum award amounts based upon the respective performance share agreements. Actual shares that will vest depend on the level of attainment of the performance-based criteria.
Number of SharesWeighted
Average Grant-
Date Fair Value
Per Share		Weighted Average
Remaining
Contractual Life
(in Years)		Aggregate
Intrinsic Value
(in millions)
Nonvested, October 2, 20212,055,568 $51.63 
Granted745,246 63.30 
Vested(395,310)45.66 
Forfeited(623,985)50.80 
Nonvested, October 1, 20221,781,519 $58.13 1.2$117 
We recognized stock-based compensation expense related to performance shares, net of income taxes, of $37 million, $19 million and $18 million for fiscal 2022, 2021 and 2020, respectively. The related tax benefit for fiscal 2022, 2021 and 2020 was $7 million, $4 million and $4 million, respectively. As of October 1, 2022, we had $34 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 1.8 years.
v3.22.2.2
Pension and Other Postretirement Benefit Plans
 12 Months Ended
Oct. 01, 2022
Retirement Benefits [Abstract]  
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 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.
We have defined contribution retirement programs for various groups of team members. We recognized expenses of $114 million, $106 million and $103 million in fiscal 2022, 2021 and 2020, 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 2019, we issued a notice of intent to terminate three qualified pension plans. The settlements of the terminated plans occurred during fiscal 2020, through purchased annuities, and we incurred settlement gains of approximately $112 million related to the plan terminations, recorded in Other, net in our Consolidated Statements of Income. No significant contributions to purchase annuities at the time of settlement were necessary. Due to favorable annuity pricing at the time of settlement, approximately $52 million in residual plan assets remained in the plan following the annuity purchase. A portion of these funds were transferred to a qualified replacement plan during fiscal 2020, with the remaining funds transferred in the first quarter of fiscal 2021.
During fiscal 2021, we amended one of the Company’s other postretirement benefit plans, which resulted in the recognition of a gain of $34 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 at October 1, 2022, and October 2, 2021 (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202220212022202120222021
Change in benefit obligation
Benefit obligation at beginning of year$28 $31 $220 $238 $65 $74 
Service cost— — — — 1 2 
Interest cost1 — 6 6 1 1 
Plan amendments— — — — — (8)
Actuarial (gain)/loss(11)— (47)(4)(8)(1)
Benefits paid(1)(1)(13)(12)(4)(3)
Benefits paid due to settlement— — — (2)— — 
Plan terminations— (2)— (6)— — 
Benefit obligation at end of year17 28 166 220 55 65 
Change in plan assets
Fair value of plan assets at beginning of year33 35 — — — — 
Actual return on plan assets(9)1 — — — — 
Employer contributions1 1 13 14 4 3 
Benefits paid(1)(1)(13)(12)(4)(3)
Benefits paid due to settlement— — — (2)— — 
Plan terminations— (3)— — — — 
Fair value of plan assets at end of year24 33 — — — — 
Funded status$7 $5 $(166)$(220)$(55)$(65)
Amounts recognized in the Consolidated Balance Sheets consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202220212022202120222021
Other assets$7 $5 $— $— $— $— 
Other current liabilities— — (13)(13)(3)(3)
Other liabilities— — (153)(207)(52)(62)
Total assets (liabilities)$7 $5 $(166)$(220)$(55)$(65)
Amounts recognized in Accumulated Other Comprehensive Income consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202220212022202120222021
Accumulated other comprehensive (income)/loss:
   Actuarial (gain) loss$2 $4 $(15)$36 $13 $18 
   Prior service (credit) cost— — 2 2 (5)(5)
Total accumulated other comprehensive (income)/loss:$2 $4 $(13)$38 $8 $13 
We had three pension plans at October 1, 2022, and October 2, 2021, that had an accumulated benefit obligation in excess of plan assets. Plans with accumulated benefit obligations in excess of plan assets are as follows (in millions):
Pension Benefits
QualifiedNon-Qualified
2022202120222021
Projected benefit obligation$— $— $166 $220 
Accumulated benefit obligation— — 166 220 
Fair value of plan assets— — — — 
The accumulated benefit obligation for all qualified pension plans was $17 million and $28 million at October 1, 2022, and October 2, 2021, respectively.
Net Periodic Benefit Cost (Credit)
Components of net periodic benefit cost (credit) for pension and postretirement benefit plans recognized in the Consolidated Statements of Income are as follows (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202220212020202220212020202220212020
Service cost$— $— $— $— $— $— $1 $2 $2 
Interest cost1 — 14 6 6 8 1 1 1 
Expected return on plan assets(1)— (17)— — — — — — 
Amortization of prior service cost
— — — 1 1 1 4 (2)(6)
Recognized actuarial loss (gain), net— — — 3 4 3 (8)— 4 
Recognized settlement gain— — (112)— — — — (34)— 
Net periodic benefit cost (credit)$— $— $(115)$10 $11 $12 $(2)$(33)$1 
Each of the components other than the service cost component were recorded in the Consolidated Statements of Income in Other, net. As of October 1, 2022, 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 October 1, 2022, the amounts expected to be reclassified into earnings within the next 12 months related to net periodic benefit cost (credit) for the non-qualified pension plans and the other postretirement benefit plans are not significant.
Assumptions
Weighted average assumptions are as follows:
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202220212020202220212020202220212020
Discount rate to determine net periodic benefit cost2.00 %1.70 %3.23 %2.83 %2.63 %3.19 %2.07 %1.95 %2.68 %
Discount rate to determine benefit obligations5.20 %2.00 %1.70 %5.42 %2.83 %2.63 %4.59 %2.07 %1.95 %
Rate of compensation increasen/an/an/an/an/an/an/an/an/a
Expected return on plan assets2.00 %1.70 %3.50 %n/an/an/an/an/an/a
To determine the expected return on plan assets assumption, we first examined historical rates of return for the various asset classes within the plans. We then determined a long-term projected rate-of-return based on expected returns. Our discount rate assumptions used to account for pension and other postretirement benefit plans reflect the rates at which the benefit obligations could be effectively settled. The discount rates for two of our plans that were settled in fiscal 2020 were determined using a composite rate comprised of an annuity purchase rate and a lump sum conversion discount rate based on the portions of the populations that were purchased under the annuity contract with the insurance company versus those who elected lump sums, respectively. The discount rates for our other plans were determined using a cash flow matching technique whereby the rates of a yield curve, developed from high-quality debt securities, were applied to the benefit obligations to determine the appropriate discount rate.
We have eight other postretirement benefit plans, of which five are healthcare and life insurance related. Two of these plans, with benefit obligations totaling $10 million at October 1, 2022, were not impacted by healthcare cost trend rates as one consists of fixed annual payments and one is life insurance related. One of the healthcare plans, with benefit obligations less than $1 million at October 1, 2022, was not impacted by healthcare cost trend rates due to previous plan amendments. The remaining two plans, with benefit obligations totaling $1 million and $3 million, at October 1, 2022, utilized assumed healthcare cost trend rates of 6.8% and 7.5%, respectively. The healthcare cost trend rates for the two plans will be grading down to an ultimate rate of 4.5% in 2031.
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 2023 are approximately $13 million. For fiscal 2022, 2021 and 2020, we funded $13 million, $15 million and $19 million, respectively, to pension plans.
Estimated Future Benefit Payments
The following benefit payments are expected to be paid (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
2023$— $13 $3 
20241 13 2 
20251 13 2 
2026— 13 3 
2027— 13 2 
2028-20323 62 6 
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2023.
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 $2 million in fiscal 2022 and $1 million fiscal 2021. 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 2022 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 2022 and fiscal 2021 is for the plan’s year beginning January 1, 2022, and 2021, 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. During fiscal 2020, we initiated our withdrawal from the Pension Fund of Local 227, which was acquired in conjunction with our acquisition of Keystone Foods. As a result of our withdrawal from the Pension Fund of Local 227, we recorded a $1 million termination liability.
In addition to regular contributions, we could be obligated to pay additional contributions (known as complete or partial withdrawal liabilities) if it has unfunded vested benefits.
PPA Zone StatusFIP/RP StatusContributions
(in millions)		Surcharge Imposed
Pension Fund Plan NameEIN/Pension Plan Number20222021Implemented2022202120202022Expiration Date of Collective Bargaining Agreement
Bakery and Confectionery Union and Industry International Pension Fund52-6118572/001RedRedNov 2012$2$1$110%2024-08-02
v3.22.2.2
Segment Reporting
 12 Months Ended
Oct. 01, 2022
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
We operate in four reportable segments: Beef, Pork, Chicken, and Prepared Foods. We measure segment profit as operating income (loss). International/Other primarily includes our foreign operations in Australia, China, Malaysia, Mexico, the Netherlands, South Korea and Thailand, third-party merger and integration costs and corporate overhead related to Tyson New Ventures, LLC.
Beef
Beef includes our operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes sales from specialty products such as hides and variety meats, as well as logistics operations to move products through the supply chain.
Pork
Pork includes our operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes our live swine group, related specialty product processing activities and logistics operations to move products through the supply chain.
Chicken
Chicken includes our domestic operations related to raising and processing live chickens into, and purchasing raw materials for fresh, frozen and value-added chicken products, as well as sales from specialty products. Our value-added chicken products primarily include breaded chicken strips, nuggets, patties and other ready-to-fix or fully cooked chicken parts. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes logistics operations to move products through our domestic supply chain and the global operations of our chicken breeding stock subsidiary.
Prepared Foods
Prepared Foods includes our operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations to move products through the supply chain. This segment includes brands such as Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, as well as artisanal brands Aidells® and Gallo Salame®. Products primarily include ready-to-eat sandwiches, sandwich components such as flame-grilled hamburgers and Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks and processed meats. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities, the military and other food processors, as well as to international export markets.
We allocate expenses related to corporate activities to the segments, except for third-party merger and integration costs of $5 million, $2 million and $5 million in fiscal 2022, 2021 and 2020, respectively, and corporate overhead related to Tyson New Ventures, LLC, which are included in International/Other. Intersegment sales transactions, which were at market price, 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 (in millions):
BeefPorkChickenPrepared
Foods		International/OtherIntersegment
Sales		Consolidated
2022
Sales$19,854 $6,414 $16,961 $9,689 $2,355 $(1,991)$53,282 
Operating Income (Loss)2,502 193 955 746 14 4,410 
Total Other (Income) Expense261 
Income before Income Taxes4,149 
Depreciation and amortization128 70 563 372 58 1,191 
Total Assets3,883 1,697 12,386 14,920 3,935 36,821 
Additions to property, plant and equipment136 82 906 456 307 1,887 
2021
Sales$17,999 $6,277 $13,733 $8,853 $1,990 $(1,803)$47,049 
Operating Income (Loss)3,240 328 (625)1,456 (3)4,396 
Total Other (Income) Expense
355 
Income before Income Taxes4,041 
Depreciation and amortization108 61 564 385 77 1,195 
Total Assets3,678 1,583 11,373 14,630 5,045 36,309 
Additions to property, plant and equipment
246 100 518 237 108 1,209 
2020
Sales$15,742 $5,128 $13,234 $8,532 $1,856 $(1,307)$43,185 
Operating Income (Loss)1,580 565 122 743 (2)3,008 
Total Other (Income) Expense344 
Income before Income Taxes2,664 
Depreciation and amortization106 56 553 398 65 1,178 
Total Assets3,223 1,516 11,028 14,883 3,806 34,456 
Additions to property, plant and equipment219 117 577 211 75 1,199 
Our largest customer, Walmart Inc., accounted for 17.7%, 18.3% and 18.7% of consolidated sales in fiscal 2022, 2021 and 2020, 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 2022, 2021 and 2020 were sourced from the United States. Approximately $25.7 billion and $25.1 billion of long-lived assets were located in the United States at October 1, 2022, and October 2, 2021, respectively. Excluding goodwill and intangible assets, long-lived assets located in the United States totaled approximately $9.5 billion and $8.7 billion at October 1, 2022, and October 2, 2021, respectively. Approximately $1.5 billion and $1.4 billion of long-lived assets were located in foreign locations, primarily Brazil, China, the European Union, New Zealand and Thailand at October 1, 2022, and October 2, 2021, respectively. Excluding goodwill and intangible assets, long-lived assets in foreign countries totaled approximately $916 million and $745 million at October 1, 2022, and October 2, 2021, respectively.
We sell certain products in foreign markets, primarily Australia, Canada, Central America, Chile, China, the European Union, the United Kingdom, Japan, Mexico, Malaysia, the Middle East, Singapore, South Korea, Taiwan and Thailand. Our export sales from the United States totaled $5.8 billion, $4.9 billion and $4.0 billion for fiscal 2022, 2021 and 2020, respectively. Substantially all of our export sales are facilitated through unaffiliated brokers, marketing associations and foreign sales staffs. Sales of products produced in a country other than the United States were less than 10% of consolidated sales for each of fiscal 2022, 2021 and 2020.
The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Twelve months ended October 1, 2022
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
IntersegmentTotal
Beef$8,687 $4,940 $3,247 $2,439 $541 $19,854 
Pork1,817 516 1,180 1,616 1,285 6,414 
Chicken7,194 6,475 1,131 1,996 165 16,961 
Prepared Foods5,587 3,751 191 160 — 9,689 
International/Other— — 2,355 — — 2,355 
Intersegment— — — — (1,991)(1,991)
Total$23,285 $15,682 $8,104 $6,211 $— $53,282 
Twelve months ended October 2, 2021
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
IntersegmentTotal
Beef$8,779 $4,326 $2,720 $1,719 $455 $17,999 
Pork1,787 474 1,173 1,563 1,280 6,277 
Chicken6,112 5,566 770 1,217 68 13,733 
Prepared Foods5,231 3,311 140 171 — 8,853 
International/Other— — 1,990 — — 1,990 
Intersegment— — — — (1,803)(1,803)
Total$21,909 $13,677 $6,793 $4,670 $— $47,049 
Twelve months ended October 3, 2020
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
IntersegmentTotal
Beef$8,155 $3,669 $2,183 $1,345 $390 $15,742 
Pork1,590 403 1,026 1,244 865 5,128 
Chicken5,935 4,892 642 1,713 52 13,234 
Prepared Foods5,137 3,090 126 179 — 8,532 
International/Other— — 1,856 — — 1,856 
Intersegment— — — — (1,307)(1,307)
Total$20,817 $12,054 $5,833 $4,481 $— $43,185 
(a) Includes sales to consumer products and food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.
(b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(c) Includes sales to international markets related to internationally produced products or export sales of domestically produced products.
(d) Includes sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories. For fiscal 2021, the Chicken segment included a $545 million reduction in Other due to the recognition of legal contingency accruals
v3.22.2.2
Transactions With Related Parties
 12 Months Ended
Oct. 01, 2022
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 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 October 1, 2022 and October 2, 2021, one lease was classified as a finance lease with a debt balance of $7 million which is primarily recognized as Long-term debt in our Consolidated Balance Sheet. The other lease was classified as an operating lease with a lease liability balance of $3 million as of October 1, 2022 and October 2, 2021, respectively, which is primarily recognized within Other Liabilities in our Consolidated Balance Sheet. Total payments of approximately $1 million in each of fiscal 2022, 2021 and 2020 were paid to lease the facilities.
As of October 1, 2022, the TLP, of which John Tyson and director Barbara Tyson are general partners, owned 70 million shares, or 99.985% of our outstanding Class B stock and, along with the members of the Tyson family, owned 6.7 million shares of Class A stock, giving it control of approximately 71.15% of the total voting power of our outstanding voting stock.
In fiscal 2022, 2021 and 2020, 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 $0.2 million in each of fiscal 2022, 2021 and 2020.
v3.22.2.2
Commitments And Contingencies
 12 Months Ended
Oct. 01, 2022
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 9 years, and the maximum potential amount of future payments as of October 1, 2022, was not significant. The likelihood of material payments under these guarantees is not considered probable. At October 1, 2022, and October 2, 2021, no significant liabilities for guarantees were recorded.
We have cash flow assistance programs in which certain livestock suppliers participate. Under these programs, we pay an amount for livestock equivalent to a standard cost to grow such livestock during periods of low market sales prices. The amounts of such payments that are in excess of the market sales price are recorded as receivables and accrue interest. Participating suppliers are obligated to repay these receivables balances when market sales prices exceed this standard cost, or upon termination of the agreement. Our potential maximum obligation associated with these programs is limited to the fair value of each participating livestock supplier’s net tangible assets. The potential maximum obligation as of October 1, 2022, was approximately $290 million. The total receivables under these programs were $6 million and $5 million at October 1, 2022 and October 2, 2021, respectively. These receivables are included, net of allowance for uncollectible amounts, in Accounts Receivable in our Consolidated Balance Sheets. Even though these programs are limited to the net tangible assets of the participating livestock suppliers, we also manage a portion of our credit risk associated with these programs by obtaining security interests in livestock suppliers’ assets. After analyzing residual credit risks and general market conditions, we had no allowance for these programs’ estimated uncollectible receivables at October 1, 2022, and October 2, 2021.
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 October 1, 2022 and $3 million at October 2, 2021. 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 repurchase the facilities for a nominal amount upon tendering the Industrial Revenue Bonds to the local government entities at various predetermined dates. The Industrial Revenue Bonds and the associated obligations for the leases of the facilities offset, and the underlying assets remain in property, plant and equipment. At October 1, 2022, total amounts under these types of arrangements totaled $709 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 at October 1, 2022 were (in millions):
Purchase Obligations
2023$342 
2024233 
2025131 
202672 
202743 
2028 and beyond109 
Total$930 
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. 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
Beginning in September 2016, a series of purported 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. The operative complaints, which have been amended throughout the litigation, contain allegations that, among other things, assert that beginning in January 2008, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of broiler chickens in violation of United States antitrust laws. The plaintiffs also allege that defendants “manipulated and artificially inflated a widely used Broiler price index, the Georgia Dock.” The plaintiffs further allege that the defendants concealed this conduct from the plaintiffs and the members of the putative classes. The plaintiffs seek treble damages, injunctive relief, pre- and post-judgment interest, costs, and attorneys’ fees on behalf of the putative classes. In addition, the complaints on behalf of the putative classes of indirect purchasers include causes of action under various state unfair competition laws, consumer protection laws, and unjust enrichment common laws. 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.
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 February 23, 2021, March 22, 2021 and October 15, 2021, the Court granted preliminary approval of the settlements with the putative Direct Purchaser Plaintiff Class, the putative End-User Plaintiff Class and the putative Commercial and Institutional Indirect Purchaser Plaintiff Class, respectively. 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 opt out of the Classes in the Broiler Antitrust Civil Litigation. In the first quarter of fiscal 2021, the Company recorded an aggregate legal contingency accrual of $320 million for the above-referenced settlements and to resolve the remaining claims brought by opt-out plaintiffs.
In the third quarter of fiscal 2021, the Company accrued an additional $225 million for the estimated costs to resolve the remaining claims brought by opt-out plaintiffs, bringing the total recorded legal contingency accrual for claims related to this matter to $545 million, which amount includes our existing settlements. This amount reflects an estimate of the probable losses with respect to claims in the Broiler Antitrust Civil Litigation and bid-rigging claims of potentially affected parties identified by the DOJ in the indictments noted below. 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 were in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation. During fiscal 2022 and fiscal 2021, the Company reduced its total recorded legal contingency accrual by $343 million and $80 million, respectively, for amounts it had paid related to this matter. Accordingly, at October 1, 2022 and October 2, 2021, the legal contingency accrual for claims related to this matter was $122 million and $465 million, respectively.
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 has 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. 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 Matters. The Offices of the Attorney General in New Mexico, Alaska and Washington have filed complaints against us and certain of our poultry subsidiaries, as well as several other poultry processing companies and Agri Stats, Inc., an information services provider (“Agri Stats”). The complaints are based on allegations similar to those asserted in the Broiler Antitrust Civil Litigation and allege violations of state antitrust, unfair trade practice, and unjust enrichment laws. In October 2022, we reached an agreement to settle all claims with the Washington Attorney General for $10.5 million for which the Company recorded an accrual in its Consolidated Financial Statements as of October 1, 2022, and on October 24, 2022, the Court entered the related consent decree resolving all claims in this matter between us and the Washington Attorney General. While we do not admit any liability as part of the settlement, we believe that the settlement was in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation. In addition, we are cooperating with various state governmental agencies and officials, including the Offices of the Attorney 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.
Broiler Chicken Grower Litigation
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 allege, 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 allege 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 contend 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 are seeking 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 for which the Company recorded an accrual in its Consolidated Financial Statements as of October 2, 2021. 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.
The DOJ’s Antitrust Division has opened a civil investigation into grower contracts and performance-based compensation. We will cooperate with the investigation.
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 do so in the future. The Company has not recorded any liability for this matter as it does not believe a loss is probable or reasonably estimable because the Company believes that it has valid and meritorious defenses against the allegations and because the classes have not yet been defined or certified by the court.
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. The Company has not recorded any liability for the foregoing matters as it does not believe a loss is probable or reasonably estimable at this time because the proceedings are in preliminary stages.
Beef Antitrust Litigation
On April 23, 2019, a putative class action complaint was filed against us and our beef and pork subsidiary, Tyson Fresh Meats, Inc. (“Tyson Fresh Meats”), as well as other beef packer defendants, in the United States District Court for the Northern District of Illinois. The plaintiffs allege that the defendants engaged in a conspiracy from January 2015 to the present to reduce fed cattle prices in violation of federal antitrust laws, the Grain Inspection, Packers and Stockyards Act of 1921, and the Commodities Exchange Act by periodically reducing their slaughter volumes so as to reduce demand for fed cattle, curtailing their purchases and slaughters of cash-purchased cattle during those same periods, coordinating their procurement practices for fed cattle settled on a cash basis, importing foreign cattle at a loss so as to reduce domestic demand, and closing and idling plants. In addition, the plaintiffs also allege the defendants colluded to manipulate live cattle futures and options traded on the Chicago Mercantile Exchange. The plaintiffs seek, among other things, treble monetary damages, punitive damages, restitution, and pre- and post-judgment interest, as well as declaratory and injunctive relief. Other similar lawsuits were filed by cattle ranchers in other district courts which were then transferred to the United States District Court for the District of Minnesota and consolidated and styled as In Re Cattle Antitrust Litigation. On February 18, 2021, we moved to dismiss the amended complaints, and on September 14, 2021, the court granted the motion with respect to certain state law claims but denied the motion with respect to the plaintiffs’ federal antitrust claims. The Company has not recorded any liability for this matter as it does not believe a loss is probable or reasonably estimable at this time because the Company believes that it has valid and meritorious defenses against the allegations and because the classes have not yet been defined or certified by the court.
On April 26, 2019, a putative class of indirect purchasers filed a class action complaint against us, other beef packers, and Agri Stats in the United States District Court for the District of Minnesota. The plaintiffs allege that the packer defendants conspired to reduce slaughter capacity by closing or idling plants, limiting their purchases of cash cattle, coordinating their procurement of cash cattle, and reducing their slaughter numbers so as to reduce beef output, all in order to artificially raise prices of beef. The plaintiffs seek, among other things, damages under state antitrust and consumer protection statutes and the common law of approximately 30 states, as well as injunctive relief. The indirect consumer purchaser litigation is styled Peterson v. JBS USA Food Company Holdings, et al. Additional complaints have been filed on behalf of a putative class of direct purchasers of beef containing allegations of violations of Section 1 of the Sherman Act based on an alleged conspiracy to artificially fix, raise, and stabilize the wholesale price for beef, as well as on behalf of a putative class of commercial and institutional indirect purchasers of beef containing allegations of violations of Section 1 of the Sherman Act, various state antitrust laws and unjust enrichment based on an alleged conspiracy to artificially inflate the price for beef. On February 18, 2021, we moved to dismiss the plaintiffs’ amended complaints, and on September 23, 2021, the court granted the motion with respect to certain state law claims but denied the motion with respect to the plaintiffs’ federal antitrust claims. 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. The Company has not recorded any liability for this matter as it does not believe a loss is probable or reasonably estimable at this time because the Company believes that it has valid and meritorious defenses against the allegations and because the classes have not yet been defined or certified by the court.
On October 31, 2022, a class action complaint was filed on behalf of putative classes of indirect cattle producers against us, Tyson Fresh Meats, and other beef packer defendants in the United States District Court for the District of Kansas. The plaintiffs allege that the defendants engaged in a conspiracy in violation of Section 1 of the Sherman Act, the Packers and Stockyards Act of 1921 and various state unfair competition and consumer protection laws from January 2015 to the present to reduce the price of cows, cattle, calves, steers or heifers by periodically reducing their slaughter volumes so as to reduce demand for fed cattle, curtailing their purchases and slaughters of cash-purchased cattle during those same periods, coordinating their procurement practices for fed cattle settled on a cash basis, importing foreign cattle at a loss so as to reduce domestic demand, and closing and idling plants. The plaintiffs seek, among other things, treble monetary damages, punitive damages, restitution, and pre- and post-judgment interest under state antitrust and consumer protection statutes and the common law of approximately 33 states, as well as declaratory and injunctive relief. The indirect producer litigation is styled Sprecht et. al. v. Tyson, Inc., et al. A notice of potential tag-along has been filed with the Judicial Panel on Multi-District Litigation to transfer and consolidate the case with In re Cattle and Beef Antitrust Litigation, MDL No. 3031. The Company has not recorded any liability for this matter as it does not believe a loss is probable or reasonably estimable at this time because the Company believes that it has valid and meritorious defenses against the allegations and because the classes have not yet been defined or certified by the court.
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 plaintiff 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 by agreeing to reduce the number of cattle slaughtered, reduce slaughter capacity, refrain from increasing slaughter and beef processing capacity, limit purchases of cattle on the cash market, and coordinate purchases of and bids for cattle to lower the supply of fed cattle. The plaintiff advances causes of action under the Competition Act, civil conspiracy, unjust enrichment, and the Civil Code of Québec. The plaintiff seeks to certify a class comprised of all persons or entities in Canada who directly or indirectly purchased beef in Canada, either for resale or for their own consumption between January 1, 2015, and the present and 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. The plaintiff is making substantially the same allegations as those made in the British Columbia action. On behalf of the putative class of persons who purchased beef in Québec since January 1, 2015, the plaintiff is seeking compensatory damages, costs of investigation and interest. The Company has not recorded any liability for the foregoing matters as it does not believe a loss is probable or reasonably estimable at this time because the proceedings are in preliminary stages.
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 request information related to the fed cattle and beef packing markets. We have been cooperating with the DOJ with respect to the CIDs. The Offices of the Attorney General for multiple states are participating in the investigation and coordinating with the DOJ.
We received a subpoena dated April 21, 2022 from the New York Attorney General’s Bureau of Consumer Frauds & Protection seeking information regarding our sales, prices and production costs of beef, pork and chicken products. After we had made an initial production of information, we were unable to agree with the New York Attorney General's office on the appropriate scope of the subpoena and, as of August 3, 2022, the parties are litigating the issue before a New York state court.
Wage Rate Litigation
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. The plaintiffs seek, among other things, treble monetary damages, punitive damages, restitution, and pre- and post-judgment interest, as well as declaratory and injunctive relief. Additional lawsuits making similar allegations were consolidated including an amended consolidated complaint containing additional allegations concerning turkey processing plants naming additional defendants. We moved to dismiss the amended consolidated complaint. On September 16, 2020, the court dismissed claims against us and certain other defendants without prejudice because the complaint improperly grouped together corporate subsidiaries. The court otherwise denied the defendants’ motions to dismiss and sustained claims based on alleged conspiracies to fix wages and exchange information against five other defendants. The plaintiffs filed a second amended consolidated complaint on November 2, 2020. We moved to dismiss the complaint on December 18, 2020 based on a lack of standing to assert claims on behalf of the purported class. The court denied the motion to dismiss on March 10, 2021. On February 16, 2022, the plaintiffs filed a third amended consolidated complaint naming additional poultry processors as defendants and expanding the scope of the claims to include employees at hatcheries and feed mills. We moved to dismiss the claims related to hatchery and feed mill employees. The court denied the motion to dismiss on July 19, 2022. In the third quarter of fiscal 2021, the Company recorded an accrual for the estimated probable losses that it expects to incur for this matter in the Company’s Consolidated Financial Statements. There was no change to the accrual in fiscal 2022.
The DOJ’s Antitrust Division has opened a civil investigation into human resources at several poultry companies. We are cooperating with the investigation.
Other Matters
Our subsidiary, The Hillshire Brands Company (formerly named Sara Lee Corporation), is a party to a consolidation of cases filed by individual complainants with the Republic of the Philippines, Department of Labor and Employment and the National Labor Relations Commission (“NLRC”) from 1998 through July 1999. The complaint was filed against Aris Philippines, Inc., Sara Lee Corporation, Sara Lee Philippines, Inc., Fashion Accessories Philippines, Inc., and Attorney Cesar C. Cruz (collectively, the “respondents”). The complaint alleges, among other things, that the respondents engaged in unfair labor practices in connection with the termination of manufacturing operations in the Philippines in 1995 by Aris Philippines, Inc., a former subsidiary of The Hillshire Brands Company. In late 2004, a labor arbiter ruled against the respondents and awarded the complainants approximately $59 million in damages and fees. From 2004 through 2014, the parties filed numerous appeals, motions for reconsideration and petitions for review, certain of which remained outstanding for several years. On December 15, 2016, we learned that the NLRC rendered its decision on November 29, 2016, regarding the respondents’ appeals from the labor arbiter’s 2004 ruling in favor of the complainants. The NLRC increased the award for 4,922 of the total 5,984 complainants to approximately $253 million. However, the NLRC approved a prior settlement reached with the group comprising approximately 18% of the class of 5,984 complainants, pursuant to which The Hillshire Brands Company agreed to pay each settling complainant approximately $1,200. The parties filed numerous appeals, motions for reconsideration and petitions for review related to the NLRC award and settlement payment. The Court of Appeals subsequently vacated the NLRC’s award on April 12, 2018. Complainants have 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 has accepted. The Company continues to maintain an accrual for estimated probable losses for this matter in the Company’s Consolidated Financial Statements.
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 or reasonably estimable at this time because it believes the allegations in the claims are without merit.
v3.22.2.2
SEC Schedule, Article 12-09, Valuation and Qualifying Accounts
 12 Months Ended
Oct. 01, 2022
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
Three years ended October 1, 2022
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:
2022$25 $6 $— $(2)$29 
202126 5 — (6)25 
202021 9 — (4)26 
Inventory Lower of Cost or Net Realizable Value Allowance:
2022$47 $36 $— $(23)$60 
202127 79 — (59)47 
202034 102 — (109)27 
Valuation Allowance on Deferred Tax Assets:
2022$151 $44 $— $— $195 
2021127 24 — — 151 
202086 35 13 (7)127 
v3.22.2.2
Business And Summary Of Significant Accounting Policies (Policy)
 12 Months Ended
Oct. 01, 2022
Policy Text Block [Abstract]  
Consolidation ConsolidationThe 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.
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.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
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 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 are currently evaluating the impact this guidance will have on our consolidated financial statements.
In March 2020, the FASB issued guidance providing optional expedients and exceptions to account for the effects of reference rate reform to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued. The optional guidance, which became effective on March 12, 2020 and can be applied through December 21, 2022, has not impacted our consolidated financial statements. The Company has various contracts that reference LIBOR and is assessing how this standard may be applied to specific contract modifications through December 31, 2022.
Changes in Accounting Principles CHANGES IN ACCOUNTING PRINCIPLES
In August 2020, the FASB issued guidance that simplifies the accounting for debt with conversion options, revises the criteria for applying the derivative scope exception for contracts in an entity’s own equity and improves the consistency for the calculation of earnings per share. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2021, our fiscal 2023. Early adoption is permitted for annual periods and interim periods within those annual periods beginning after December 15, 2020, our fiscal 2022. We elected to early adopt this guidance beginning in the first quarter of fiscal 2022 and it did not have an impact on our consolidated financial statements.
In December 2019, the FASB issued guidance that simplifies the accounting for income taxes by removing certain exceptions to general principles in Topic 740 and clarifies other general principles by adding certain requirements to Topic 740. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2020, our fiscal 2022. We adopted this guidance in the first quarter of fiscal 2022 and it did not have an impact on our consolidated financial statements.
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 2022 and fiscal 2021 and a 53-week year for fiscal 2020.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy Cash and Cash EquivalentsCash 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 $135 million and $120 million at October 1, 2022, and October 2, 2021, respectively.
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 October 1, 2022, and October 2, 2021, our allowance for credit losses was $29 million and $25 million, respectively. We generally do not have collateral for our receivables, but we do periodically evaluate the credit worthiness of our customers.
Inventory, Policy InventoriesProcessed products, livestock and supplies and other are valued at the lower of cost or net realizable value. Cost includes purchased raw materials, live purchase costs, livestock growout costs (primarily feed, livestock grower pay and catch and haul costs), labor and manufacturing and production overhead, which are related to the purchase and production of inventories. In fiscal 2022 and fiscal 2021, the cost of inventories was determined by either the first-in, first-out (“FIFO”) method or the weighted-average method.
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 12 years and land improvements and other of 3 to 20 years. Major repairs and maintenance costs that significantly extend the useful life of the related assets are capitalized. Normal repairs and maintenance costs are charged to operations. We review the carrying value of long-lived assets at each balance sheet date if indication of impairment exists. Recoverability is assessed using undiscounted cash flows based on historical results and current projections of earnings before interest, taxes, depreciation and amortization. We measure impairment as the excess of carrying value over the fair value of an asset group. The fair value of an asset group is generally measured using discounted cash flows including market participant assumptions of future operating results and discount rates.
Goodwill and Intangible Assets, 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 indication of impairment exists. Recoverability is assessed using undiscounted cash flows based on historical results and current projections of earnings before interest, taxes, depreciation and amortization. We measure impairment as the excess of carrying value over the fair value of the definite life intangible asset 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. Our goodwill is allocated by reporting unit and is evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative goodwill test is necessary. If it is determined, based on qualitative factors, the fair value of the reporting unit may be more likely than not less than carrying amount, or if significant changes to macro-economic factors related to the reporting unit have occurred that could materially impact fair value, a quantitative goodwill impairment test would be required. Additionally, we can elect to forgo the qualitative assessment and perform the quantitative test. The quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds the fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the carrying amount of goodwill.
We estimate the fair value of our reporting units considering the use of various valuation techniques, with the primary technique being an income approach (discounted cash flow method), with another technique being a market approach (guideline public company method), which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy. We include assumptions about sales growth, operating margins, discount rates and valuations multiples which consider our budgets, business plans, economic projections and marketplace data, and are believed to reflect market participant views which would exist in an exit transaction. Assumptions are also made for varying perpetual growth rates for periods beyond the long-term business plan period. Generally, we utilize operating margin assumptions based on future expectations, operating margins historically realized in the reporting units' industries and industry marketplace valuation multiples.
Some of the inherent estimates and assumptions used in determining fair value of the reporting units are outside the control of management, including interest rates, cost of capital, tax rates, market EBITDA comparables and credit ratings. While we believe we have made reasonable estimates and assumptions to calculate the fair value of the reporting units, it is possible a material change could occur. If our actual results are not consistent with our estimates and assumptions used to calculate fair value, it could result in additional material impairments of our goodwill.
During fiscal 2022, 2021 and 2020, we determined none of our material reporting units’ fair values were below its carrying value. All of our material reporting units’ estimated fair value exceeded their carrying value by more than 20% at the date of their most recent estimated fair value determination, other than one of our Chicken segment reporting units and two of our International reporting units with goodwill totaling $0.6 billion and $0.2 billion, respectively, at October 1, 2022.
For our indefinite life intangible assets, a qualitative assessment can also be performed to determine whether the existence of events and circumstances indicates it is more likely than not an intangible asset is impaired. Similar to goodwill, we can also elect to forgo the qualitative test for indefinite life intangible assets and perform the quantitative test. Upon performing the quantitative test, if the carrying value of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess.
The fair value of our indefinite life intangible assets is calculated principally using multi-period excess earnings and relief-from-royalty valuation approaches, which use significant unobservable inputs, or Level 3 inputs, as defined by the fair value hierarchy, and is believed to reflect market participant views which would exist in an exit transaction. Under these valuation approaches, we are required to make estimates and assumptions about sales growth, operating margins, royalty rates and discount rates based on budgets, business plans, economic projections, anticipated future cash flows and marketplace data. During fiscal 2022, 2021 and 2020, we determined the fair value of each of our indefinite life intangible assets exceeded its carrying value. All of our indefinite life intangible assets’ estimated fair value exceeded their carrying value by more than 20% at the date of their most recent estimated fair value determination.
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. Finance lease disclosures are omitted as they are deemed immaterial. Operating ROU assets are presented within Other Assets, and operating lease liabilities are recorded within Other current liabilities and Other Liabilities in our Consolidated Balance Sheets. Lease assets are subject to review for impairment within the related long-lived asset group.
ROU assets are presented in our Consolidated Balance Sheets based on the present value of the corresponding liabilities and are adjusted for any prepayments, lease incentives received or initial direct costs incurred. The measurement of our ROU assets and liabilities includes all fixed payments and any variable payments based on an index or rate. Variable lease payments which do not depend on an index, or where rates are unknown, are excluded from lease payments in the measurement of the ROU asset and lease liability, and accordingly, are recognized as lease expense in the period the obligation for those payments is incurred. The present value of lease payments is based on our incremental borrowing rate according to the lease term and information available at the lease commencement date, as our lease arrangements generally do not provide an implicit interest rate. The incremental borrowing rate is derived using a hypothetically-collateralized borrowing cost, based on our revolving credit facility, plus a country risk factor, where applicable. We consider our credit rating and the current economic environment in determining the collateralized rate.
Our lease arrangements can include fixed or variable non-lease components, such as common area maintenance, taxes and labor. We account for each lease and any non-lease components associated with that lease as a single lease component for all asset classes, except production and livestock grower asset classes embedded in service and supply agreements, and other asset classes that include significant maintenance or service components. We account for lease and non-lease components of an agreement separately based on relative stand-alone prices either observable or estimated if observable prices are not readily available. For asset classes where an election was made not to separate lease and non-lease components, all costs associated with a lease contract are disclosed as lease costs. The accounting for some of the Company's leases may require significant judgment when determining whether a contract is or contains a lease, the lease term, and the likelihood of exercising renewal or termination options. Our leases can include options to extend or terminate use of the underlying assets. These options are included in the lease term used to determine ROU assets and corresponding liabilities when we are reasonably certain we will exercise the option. Additionally, certain leases can have residual value guarantees, which are included within our operating lease liabilities when considered probable. Our lease agreements do not include significant restrictions or covenants.
Recognition, measurement and presentation of expenses and cash flows arising from a lease will depend on classification as a finance or operating lease. Operating lease expense is recognized on a straight-line basis over the lease term, whereas the amortization of finance lease assets is recognized on a straight-line basis over the shorter of the estimated useful life of the underlying asset or the lease term. Operating lease expense and finance lease amortization are presented in Cost of Sales or Selling, General and Administrative in our Consolidated Statements of Income depending on the nature of the leased item. Interest expense on finance lease obligations is recorded over the lease term and is presented in Interest expense, based on the effective interest method. All operating lease cash payments and interest on finance leases are presented within 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 $477 million and $350 million at October 1, 2022 and October 2, 2021, 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 in other comprehensive income.
The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization is recorded in interest income. The cost of securities sold is based on the specific identification method. Realized gains and losses on the sale of debt securities and declines in value due to credit-related factors are recorded on a net basis in other income. Interest and dividends on securities classified as available-for-sale are recorded in interest 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 PlansWe 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 InstrumentsWe 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. The ineffective portion of an instrument’s change in fair value is recognized immediately. Instruments we hold as part of our risk management activities that do not meet the criteria for hedge accounting are marked to fair value with unrealized gains or losses reported currently in earnings. Changes in market value of derivatives used in our risk management activities relating to inputs of forward sales contracts are recorded in Cost of Sales. Changes in market value of derivatives used in our risk management activities surrounding inventories on hand or anticipated purchases of inventories are recorded in Cost of Sales. Changes in market value of derivatives used in our risk management activities related to interest rates are recorded in Interest expense. Changes in the market value of derivatives used in our risk management activities related to foreign exchange contracts are recorded in Other, net. We generally do not hedge anticipated transactions beyond 18 months.
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 ExpensesAdvertising expense is charged to operations in the period incurred and is recorded as selling, general and administrative expense. Advertising expense totaled $283 million, $246 million, and $283 million in fiscal 2022, 2021 and 2020, respectively
Research and Development Expense, Policy
Research and Development
Research and development costs are expensed as incurred. Research and development costs totaled $108 million, $114 million, $98 million in fiscal 2022, 2021 and 2020, respectively.
Business Combinations Policy
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 market place data considering the perspective of marketplace participants. Determining the useful life of an intangible asset also requires judgment as different types of intangible assets will have different useful lives and certain assets may be considered to have indefinite useful lives.
v3.22.2.2
Business And Summary Of Significant Accounting Policies (Tables)
 12 Months Ended
Oct. 01, 2022
Accounting Policies [Abstract]  
Schedule of Inventory The following table reflects the major components of inventory at October 1, 2022, and October 2, 2021 (in millions):
20222021
Processed products$3,188 $2,426 
Livestock1,454 1,215 
Supplies and other872 741 
Total inventory$5,514 $4,382 
Other Current Liabilities
Other Current Liabilities
Other current liabilities at October 1, 2022, and October 2, 2021, include (in millions):
 20222021
Accrued salaries, wages and benefits$995 $897 
Taxes payable277 729 
Accrued current legal contingencies (a)215 567 
Other884 840 
Total other current liabilities$2,371 $3,033 
(a) $127 million of funds held in an escrow account for litigation settlements were included as restricted cash within Other current assets in the Consolidated Balance Sheet as of October 2, 2021 and no funds were held in the escrow account as of October 1, 2022.
v3.22.2.2
Property, Plant And Equipment (Tables)
 12 Months Ended
Oct. 01, 2022
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 at October 1, 2022, and October 2, 2021 (in millions):
20222021
Land$214 $210 
Building and leasehold improvements5,742 5,370 
Machinery and equipment9,960 9,507 
Land improvements and other516 453 
Buildings and equipment under construction1,461 976 
17,893 16,516 
Less accumulated depreciation9,208 8,679 
Net property, plant and equipment$8,685 $7,837 
v3.22.2.2
Goodwill And Intangible Assets (Tables)
 12 Months Ended
Oct. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Activity
The following table reflects goodwill activity for fiscal 2022 and 2021 (in millions):
BeefPorkChickenPrepared
Foods		International/OtherUnallocatedConsolidated
Balance at October 3, 2020 (a)
$676 $423 $3,274 $6,134 $392 $— $10,899 
Fiscal 2021 Activity:
Sale of pet treats business— — — (350)— — (350)
Balance at October 2, 2021 (a)
$676 $423 $3,274 $5,784 $392 $— $10,549 
Fiscal 2022 Activity:
Currency translation— — (1)— (35)— (36)
Balance at October 1, 2022 (a)
$676 $423 $3,273 $5,784 $357 $— $10,513 
(a) Included in goodwill as of October 1, 2022, October 2, 2021 and October 3, 2020, are accumulated impairment losses of $560 million in Beef and $57 million in International/Other.
Schedule of Finite-Lived and Infinite-Lived Intangible Assets The following table reflects intangible assets by type at October 1, 2022, and October 2, 2021 (in millions):
20222021
Amortizable intangible assets:
Brands and trademarks$951 $951 
Customer relationships2,371 2,390 
Supply arrangements310 310 
Patents, intellectual property and other45 44 
Land use rights9 12 
Total gross amortizable intangible assets$3,686 $3,707 
Less accumulated amortization1,512 1,266 
Total net amortizable intangible assets$2,174 $2,441 
Brands and trademarks not subject to amortization4,078 4,078 
  Total intangible assets$6,252 $6,519 
v3.22.2.2
Leases (Tables)
 12 Months Ended
Oct. 01, 2022
Leases [Abstract]  
Lessee Operating Balance Sheet Information [Table Text Block] Operating lease ROU assets and liabilities presented in our Consolidated Balance Sheets were as follows (in millions):
October 1, 2022October 2, 2021
Other Assets$507 $531 
Other current liabilities145 155 
Other Liabilities350 368 
Lease, Cost [Table Text Block]
The components of lease costs were as follows (in millions):
Twelve Months Ended
October 1, 2022October 2, 2021
Operating lease cost (a)
$175 $183 
Variable lease cost (b)
508 473 
Short-term lease cost30 33 
Total$713 $689 
Lessee Operating Lease Other Information [Table Text Block]
Other operating lease information includes the following:
Twelve Months Ended
October 1, 2022October 2, 2021
Operating cash outflows from operating leases (in millions)$194 $204 
ROU assets obtained in exchange for new operating lease liabilities (in millions)$159 $197 
Weighted-average remaining lease term5 years5 years
Weighted-average discount rate3 %2 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
At October 1, 2022, future maturities of operating leases were as follows (in millions):
Operating Lease Commitments
2023$154 
2024121 
202592 
202666 
202741 
2028 and beyond53 
Total undiscounted operating lease payments$527 
Less: Imputed interest32 
Present value of total operating lease liabilities$495 
v3.22.2.2
Restructuring and Related Charges (Tables)
 12 Months Ended
Oct. 01, 2022
Restructuring and Related Activities [Abstract]  
Total Pretax Anticipated Expenses of Restructuring Program The following table reflects the total pretax anticipated expenses associated with the 2022 Program (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$24 $9 $7 $52 $8 $100 
Relocation and related costs37 16 — 63 1 117 
Accelerated depreciation9 4 1 18 — 32 
Contract and lease terminations— — — 31 — 31 
Professional and other fees4 1 — 7 1 13 
Total 2022 Program$74 $30 $8 $171 $10 $293 
Restructuring and Related Costs
The following table reflects the pretax impact of the 2022 Program’s restructuring and related charges during fiscal 2022, which is also the cumulative costs since the inception of the plan, by reportable segment (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Severance costs$16 $5 $6 $36 $3 $66 
Relocation and related costs— — — — — — 
Accelerated depreciation— — — — — — 
Contract and lease terminations— — — — — — 
Professional and other fees— — — — — — 
Total 2022 Program charges to date$16 $5 $6 $36 $3 $66 
Schedule of Restructuring Reserve by Type of Cost
The following table reflects our liability related to the 2022 Program, which was recognized in other current liabilities in our Consolidated Balance sheet as of October 1, 2022 (in millions):
Balance as of October 2, 2021Restructuring ExpensePaymentsChanges in EstimatesBalance at October 1, 2022
Severance costs$— $66 $— $— $66 
Relocation and related costs— — — — — 
Contract and lease terminations— — — — — 
Professional and other fees— — — — — 
Total$— $66 $— $— $66 
v3.22.2.2
Income Taxes (Tables)
 12 Months Ended
Oct. 01, 2022
Income Tax Disclosure [Abstract]  
Schedule of Provision For Income Taxes From Continuing Operations Detail of the provision for income taxes from continuing operations consists of the following (in millions):
202220212020
Federal$764 $791 $477 
State94 163 98 
Foreign42 27 18 
 $900 $981 $593 
Current$636 $1,106 $575 
Deferred264 (125)18 
 $900 $981 $593 
Schedule of Reasons For Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate The reasons for the difference between the statutory federal income tax rate and our effective income tax rate from continuing operations are as follows:
202220212020
Federal income tax rate21.0 %21.0 %21.0 %
State income taxes2.0 3.3 2.9 
Foreign-derived intangible income deduction(1.0)(1.1)(0.6)
Goodwill— 1.8 — 
Other(0.3)(0.7)(1.0)
21.7 %24.3 %22.3 %
Schedule of Tax Effects of Major Items Recorded As Deferred Tax Assets And Liabilities The tax effects of major items recorded as deferred tax assets and liabilities as of October 1, 2022, and October 2, 2021, are as follows (in millions):
20222021
AssetsLiabilitiesAssetsLiabilities
Property, plant and equipment$— $1,091 $— $990 
Intangible assets— 1,515 — 1,564 
ROU assets— 144 — 158 
Accrued expenses410 — 558 — 
Lease liabilities126 — 133 — 
Net operating loss and other carryforwards198 — 167 — 
Other87 326 79 251 
$821 $3,076 $937 $2,963 
Valuation allowance$(195)$(151)
Net deferred tax liability$2,450 $2,177 
Summary of Activity Related to Gross Unrecognized Tax Benefits The following table summarizes the activity related to our gross unrecognized tax benefits at October 1, 2022, October 2, 2021, and October 3, 2020 (in millions):
202220212020
Balance as of the beginning of the year$152 $165 $169 
Increases related to current year tax positions16 25 21 
Increases related to prior year tax positions20 7 5 
Reductions related to prior year tax positions(13)(7)(9)
Reductions related to settlements(3)(1)(3)
Reductions related to expirations of statutes of limitations(20)(37)(18)
Balance as of the end of the year$152 $152 $165 
v3.22.2.2
Debt (Tables)
 12 Months Ended
Oct. 01, 2022
Debt Instruments [Abstract]  
Schedule of Major Components Of Debt The following table reflects major components of debt as of October 1, 2022, and October 2, 2021 (in millions):
20222021
Revolving credit facility$— $— 
Commercial Paper— — 
Senior notes:
4.50% Senior notes due June 2022 — 1,000 
3.90% Notes due September 2023400 400 
3.95% Notes due August 2024 1,250 1,250 
4.00% Notes due March 2026 (“2026 Notes”)
800 800 
3.55% Notes due June 20271,350 1,350 
7.00% Notes due January 202818 18 
4.35% Notes due March 2029 (“2029 Notes”)
1,000 1,000 
6.13% Notes due November 2032 160 160 
4.88% Notes due August 2034 500 500 
5.15% Notes due August 2044 500 500 
4.55% Notes due June 2047750 750 
5.10% Notes due September 2048 (“2048 Notes”)
1,500 1,500 
Discount on senior notes(39)(42)
Other175 212 
Unamortized debt issuance costs(43)(50)
Total debt8,321 9,348 
Less current debt459 1,067 
Total long-term debt$7,862 $8,281 
v3.22.2.2
Equity (Tables)
 12 Months Ended
Oct. 01, 2022
Equity [Abstract]  
Schedule of Share Repurchase A summary of cumulative share repurchases of our Class A stock for fiscal 2022, 2021 and 2020 is as follows (in millions):
October 1, 2022October 2, 2021October 3, 2020
SharesDollarsSharesDollarsSharesDollars
Shares repurchased:
Under share repurchase program6.9 $587 — $— 1.8 $150 
To fund certain obligations under equity compensation plans1.3 115 0.9 67 0.7 57 
Total share repurchases8.2 $702 0.9 $67 2.5 $207 
v3.22.2.2
Derivative Financial Instruments (Tables)
 12 Months Ended
Oct. 01, 2022
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):
MetricOctober 1, 2022October 2, 2021
Commodity:
CornBushels44 37 
Soybean MealTons532,700 1,026,733 
Live CattlePounds280 417 
Lean HogsPounds339 413 
Foreign CurrencyUnited States dollar$249 $130 
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Statements of Income (in millions):
Consolidated Statements of Income Classification202220212020
Cost of SalesGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Commodity contracts$— $(1)$(24)
Gain (Loss) on fair value hedges:
Commodity contracts (a) (29)(55)135 
Gain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts254 70 (103)
Total$225 $14 $8 
Interest ExpenseGain (Loss) on cash flow hedges reclassified from OCI to Earnings:
Interest rate contracts$(1)$(1)$(6)
Other, netGain (Loss) on derivatives not designated as hedging instruments:
Foreign exchange contracts$(9)$(5)$(5)
(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 (in millions):
Consolidated Statements of Income Classification202220212020
Cost of Sales$46,614 $40,523 $37,801 
Interest Expense365 428 485 
Other, net(87)(65)(131)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) The following table sets forth the pretax impact of cash flow hedge derivative instruments in Other Comprehensive Income (in millions):
Gain (Loss) Recognized in OCI on Derivatives202220212020
Cash Flow Hedge – Derivatives designated as hedging instruments:
Commodity contracts$— $— $(17)
Interest rate hedges— — — 
Total$— $— $(17)
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] The carrying amount of fair value hedge (assets) liabilities as of fiscal 2022, 2021 and 2020 were as follows (in millions):
Consolidated Balance Sheets Classification202220212020
Inventory$(12)$(6)$6 
v3.22.2.2
Fair Value Measurements (Tables)
 12 Months Ended
Oct. 01, 2022
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis
The following tables set forth by level within the fair value hierarchy our financial assets and liabilities accounted for at fair value on a recurring basis according to the valuation techniques we used to determine their fair values (in millions):
October 1, 2022Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $14 $— $(6)$8 
Undesignated — 154 — (58)96 
Available for sale securities (current)— 1 — — 1 
Other Assets:
Available for sale securities (non-current)— 65 35 — 100 
Deferred compensation assets38 327 — — 365 
Total Assets$38 $561 $35 $(64)$570 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $2 $— $(2)$— 
Undesignated — 106 — (72)34 
Total Liabilities$— $108 $— $(74)$34 
October 2, 2021Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $18 $— $(10)$8 
Undesignated— 169 — (89)80 
Available for sale securities (current)— — — — — 
Other Assets:
Available for sale securities (non-current)— 61 48 — 109 
Deferred Compensation assets14 397 — — 411 
Total Assets$14 $645 $48 $(99)$608 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $12 $— $(12)$— 
Undesignated— 159 — (143)16 
Total liabilities$— $171 $— $(155)$16 
(a) Our derivative assets and liabilities are presented in our Consolidated Balance Sheets on a net basis when a legally enforceable master netting arrangement exists between the counterparty to a derivative contract and us. Additionally, at October 1, 2022, and October 2, 2021, we had $10 million and $56 million respectively, of net cash collateral posted with various counterparties where master netting arrangements exist and held no cash collateral.
Schedule Of Debt Securities Measured At Fair Value On A Recurring Basis, Unobservable Input Reconciliation The following table provides a reconciliation between the beginning and ending balance of marketable debt securities measured at fair value on a recurring basis in the table above that used significant unobservable inputs (Level 3) (in millions):
October 1, 2022October 2, 2021
Balance at beginning of year$48 $53 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)(3)(1)
Purchases8 20 
Settlements(18)(24)
Balance at end of year$35 $48 
Schedule Of Fair Value And Carrying Value Of Debt Fair value of our debt is principally estimated using Level 2 inputs based on quoted prices for those or similar instruments. Fair value and carrying value for our debt are as follows (in millions):
October 1, 2022October 2, 2021
Fair
Value		Carrying
Value		Fair
Value		Carrying
Value
Total Debt$7,762 $8,321 $10,810 $9,348 
Debt Securities, Available-for-sale The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):
October 1, 2022October 2, 2021
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$71 $66 $(5)$61 $61 $— 
Corporate and Asset-Backed37 35 (2)47 48 1 
v3.22.2.2
Stock-Based Compensation (Tables)
 12 Months Ended
Oct. 01, 2022
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, October 2, 20217,207,026 $63.82 
Exercised(2,094,198)61.16 
Forfeited or expired(539,743)75.78 
Granted1,456,544 81.51 
Outstanding, October 1, 20226,029,629 $67.95 6.6$37 
Exercisable, October 1, 20223,536,020 $63.12 5.2$32 
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.
202220212020
Expected life (in years)4.44.34.3
Risk-free interest rate1.1 %0.3 %1.6 %
Expected volatility30.0 %32.2 %25.7 %
Expected dividend yield2.4 %3.4 %2.0 %
Schedule of Summary of Restricted Stock
Number of SharesWeighted
Average Grant-
Date Fair Value
Per Share		Weighted Average
Remaining
Contractual Life
(in Years)		Aggregate
Intrinsic Value
(in millions)
Nonvested, October 2, 20211,974,136 $68.88 
Granted708,855 82.37 
Dividends12,833 82.51 
Vested(884,444)64.92 
Forfeited(204,849)74.87 
Nonvested, October 1, 20221,606,531 $76.36 1.4$106 
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, October 2, 20212,055,568 $51.63 
Granted745,246 63.30 
Vested(395,310)45.66 
Forfeited(623,985)50.80 
Nonvested, October 1, 20221,781,519 $58.13 1.2$117 
v3.22.2.2
Pension and Other Postretirement Benefit Plans (Tables)
 12 Months Ended
Oct. 01, 2022
Retirement Benefits, Description [Abstract]  
Schedule Of Reconciliation Of Changes In Plans' Benefit Obligations, Assets And Funded Status The following table provides a reconciliation of the changes in the plans’ benefit obligations, assets and funded status at October 1, 2022, and October 2, 2021 (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202220212022202120222021
Change in benefit obligation
Benefit obligation at beginning of year$28 $31 $220 $238 $65 $74 
Service cost— — — — 1 2 
Interest cost1 — 6 6 1 1 
Plan amendments— — — — — (8)
Actuarial (gain)/loss(11)— (47)(4)(8)(1)
Benefits paid(1)(1)(13)(12)(4)(3)
Benefits paid due to settlement— — — (2)— — 
Plan terminations— (2)— (6)— — 
Benefit obligation at end of year17 28 166 220 55 65 
Change in plan assets
Fair value of plan assets at beginning of year33 35 — — — — 
Actual return on plan assets(9)1 — — — — 
Employer contributions1 1 13 14 4 3 
Benefits paid(1)(1)(13)(12)(4)(3)
Benefits paid due to settlement— — — (2)— — 
Plan terminations— (3)— — — — 
Fair value of plan assets at end of year24 33 — — — — 
Funded status$7 $5 $(166)$(220)$(55)$(65)
Schedule Of Amounts Recognized In The Consolidated Balance Sheets Amounts recognized in the Consolidated Balance Sheets consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202220212022202120222021
Other assets$7 $5 $— $— $— $— 
Other current liabilities— — (13)(13)(3)(3)
Other liabilities— — (153)(207)(52)(62)
Total assets (liabilities)$7 $5 $(166)$(220)$(55)$(65)
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
2022202120222021
Projected benefit obligation$— $— $166 $220 
Accumulated benefit obligation— — 166 220 
Fair value of plan assets— — — — 
Schedule Of Components Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans Recognized In The Consolidated Statements Of Income Components of net periodic benefit cost (credit) for pension and postretirement benefit plans recognized in the Consolidated Statements of Income are as follows (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202220212020202220212020202220212020
Service cost$— $— $— $— $— $— $1 $2 $2 
Interest cost1 — 14 6 6 8 1 1 1 
Expected return on plan assets(1)— (17)— — — — — — 
Amortization of prior service cost
— — — 1 1 1 4 (2)(6)
Recognized actuarial loss (gain), net— — — 3 4 3 (8)— 4 
Recognized settlement gain— — (112)— — — — (34)— 
Net periodic benefit cost (credit)$— $— $(115)$10 $11 $12 $(2)$(33)$1 
Schedule Of Weighted Average Assumptions Weighted average assumptions are as follows:
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202220212020202220212020202220212020
Discount rate to determine net periodic benefit cost2.00 %1.70 %3.23 %2.83 %2.63 %3.19 %2.07 %1.95 %2.68 %
Discount rate to determine benefit obligations5.20 %2.00 %1.70 %5.42 %2.83 %2.63 %4.59 %2.07 %1.95 %
Rate of compensation increasen/an/an/an/an/an/an/an/an/a
Expected return on plan assets2.00 %1.70 %3.50 %n/an/an/an/an/an/a
Schedule Of Estimated Future Benefit Payments Expected To Be Paid
The following benefit payments are expected to be paid (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
2023$— $13 $3 
20241 13 2 
20251 13 2 
2026— 13 3 
2027— 13 2 
2028-20323 62 6 
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2023.
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 Number20222021Implemented2022202120202022Expiration Date of Collective Bargaining Agreement
Bakery and Confectionery Union and Industry International Pension Fund52-6118572/001RedRedNov 2012$2$1$110%2024-08-02
Schedule of Net Periodic Benefit Cost Not yet Recognized Amounts recognized in Accumulated Other Comprehensive Income consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202220212022202120222021
Accumulated other comprehensive (income)/loss:
   Actuarial (gain) loss$2 $4 $(15)$36 $13 $18 
   Prior service (credit) cost— — 2 2 (5)(5)
Total accumulated other comprehensive (income)/loss:$2 $4 $(13)$38 $8 $13 
v3.22.2.2
Segment Reporting (Tables)
 12 Months Ended
Oct. 01, 2022
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 (in millions):
BeefPorkChickenPrepared
Foods		International/OtherIntersegment
Sales		Consolidated
2022
Sales$19,854 $6,414 $16,961 $9,689 $2,355 $(1,991)$53,282 
Operating Income (Loss)2,502 193 955 746 14 4,410 
Total Other (Income) Expense261 
Income before Income Taxes4,149 
Depreciation and amortization128 70 563 372 58 1,191 
Total Assets3,883 1,697 12,386 14,920 3,935 36,821 
Additions to property, plant and equipment136 82 906 456 307 1,887 
2021
Sales$17,999 $6,277 $13,733 $8,853 $1,990 $(1,803)$47,049 
Operating Income (Loss)3,240 328 (625)1,456 (3)4,396 
Total Other (Income) Expense
355 
Income before Income Taxes4,041 
Depreciation and amortization108 61 564 385 77 1,195 
Total Assets3,678 1,583 11,373 14,630 5,045 36,309 
Additions to property, plant and equipment
246 100 518 237 108 1,209 
2020
Sales$15,742 $5,128 $13,234 $8,532 $1,856 $(1,307)$43,185 
Operating Income (Loss)1,580 565 122 743 (2)3,008 
Total Other (Income) Expense344 
Income before Income Taxes2,664 
Depreciation and amortization106 56 553 398 65 1,178 
Total Assets3,223 1,516 11,028 14,883 3,806 34,456 
Additions to property, plant and equipment219 117 577 211 75 1,199 
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 October 1, 2022
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
IntersegmentTotal
Beef$8,687 $4,940 $3,247 $2,439 $541 $19,854 
Pork1,817 516 1,180 1,616 1,285 6,414 
Chicken7,194 6,475 1,131 1,996 165 16,961 
Prepared Foods5,587 3,751 191 160 — 9,689 
International/Other— — 2,355 — — 2,355 
Intersegment— — — — (1,991)(1,991)
Total$23,285 $15,682 $8,104 $6,211 $— $53,282 
Twelve months ended October 2, 2021
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
IntersegmentTotal
Beef$8,779 $4,326 $2,720 $1,719 $455 $17,999 
Pork1,787 474 1,173 1,563 1,280 6,277 
Chicken6,112 5,566 770 1,217 68 13,733 
Prepared Foods5,231 3,311 140 171 — 8,853 
International/Other— — 1,990 — — 1,990 
Intersegment— — — — (1,803)(1,803)
Total$21,909 $13,677 $6,793 $4,670 $— $47,049 
Twelve months ended October 3, 2020
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
IntersegmentTotal
Beef$8,155 $3,669 $2,183 $1,345 $390 $15,742 
Pork1,590 403 1,026 1,244 865 5,128 
Chicken5,935 4,892 642 1,713 52 13,234 
Prepared Foods5,137 3,090 126 179 — 8,532 
International/Other— — 1,856 — — 1,856 
Intersegment— — — — (1,307)(1,307)
Total$20,817 $12,054 $5,833 $4,481 $— $43,185 
(a) Includes sales to consumer products and food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.
(b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(c) Includes sales to international markets related to internationally produced products or export sales of domestically produced products.
(d) Includes sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories. For fiscal 2021, the Chicken segment included a $545 million reduction in Other due to the recognition of legal contingency accruals.
v3.22.2.2
Commitment and Contingencies (Tables)
 12 Months Ended
Oct. 01, 2022
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 at October 1, 2022 were (in millions):
Purchase Obligations
2023$342 
2024233 
2025131 
202672 
202743 
2028 and beyond109 
Total$930 
v3.22.2.2
Business and Summary of Significant Accounting Policies New Accounting Pronouncements (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Selling, General and Administrative $ 2,258 $ 2,130 $ 2,376
Operating Income (Loss) 4,410 4,396 3,008
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 4,149 4,041 2,664
Income Tax Expense 900 981 593
Net Income 3,249 3,060 2,071
Net income attributable to Tyson $ 3,238 $ 3,047 $ 2,061
Diluted (USD per share) $ 8.92 $ 8.34 $ 5.64
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 3,124 $ 3,067 $ 2,009
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 3,113 3,054 1,999
Inventory, Net 5,514 4,382  
Assets, Current 9,630 9,822  
Assets 36,821 36,309 34,456
Deferred Income Taxes 2,458 2,195  
Retained earnings (20,084) (17,502)  
Total Tyson Shareholders’ Equity 19,702 17,723  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 19,811 17,854 15,386
Liabilities and Equity 36,821 36,309  
Deferred income taxes 264 (125) 18
Restricted Cash 0 130 46
Processed products 3,188 2,426  
Livestock 1,454 1,215  
Supplies and other 872 741  
Employee-related Liabilities, Current 995 897  
Taxes Payable 277 729  
Loss Contingency Accrual 215 567  
Other Sundry Liabilities, Current 884 840  
Other current liabilities 2,371 3,033  
Checks Outstanding in Excess Of Related Book Cash Balances 135 120  
Accounts Receivable, Allowance for Credit Loss $ 29 25  
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount 20.00%    
Indefinite-Lived Intangibles, Percentage of Fair Value in Excess of Carrying Amount 20.00%    
Equity Method Investments $ 477 350  
Research and Development Expense $ 108 $ 114 98
Restricted Cash, Statement of Financial Position [Extensible Enumeration] Other current assets Other current assets  
Selling, General and Administrative Expenses [Member]      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Advertising Expense $ 283 $ 246 $ 283
International Reporting Unit      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Goodwill, gross 200    
Chicken Reporting Unit      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Goodwill, gross $ 600    
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 12 years    
Maximum | Land Improvements      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Property, Plant and Equipment, Useful Life 20 years    
Other Current Assets [Member]      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Restricted Cash   $ 127  
Class A [Member]      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Basic (USD per share) $ 9.18 $ 8.57 $ 5.79
Class B [Member]      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Basic (USD per share) $ 8.25 $ 7.70 $ 5.21
v3.22.2.2
Acquisitions and Dispositions (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Nov. 01, 2022
Jul. 06, 2021
Feb. 07, 2020
Jan. 15, 2020
Oct. 01, 2022
Jan. 01, 2022
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Business Combination and Asset Acquisition [Abstract]                  
Payments to Acquire Equity Method Investments             $ 177 $ 44 $ 183
Business Acquisition [Line Items]                  
Payments to Acquire Equity Method Investments             $ 177 44 $ 183
Pet Treats Business                  
Business Acquisition [Line Items]                  
Disposal Group, Including Discontinued Operation, Consideration   $ 1,200              
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal   784              
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Net of Tax   510              
Disposal Group, Including Discontinued Operations, Net Carrying Value   411              
Disposal Group, Including Discontinued Operations, Working Capital   44              
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment   17              
Disposal Group, Including Discontinued Operation, Goodwill   $ 350              
Subsequent Event [Member]                  
Business Acquisition [Line Items]                  
Agreed-upon Purchase Price for Equity Stake $ 70                
Supreme Foods Processing Company | Subsequent Event [Member]                  
Business Acquisition [Line Items]                  
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions 60.00%                
Malaysian Producer of Feed and Poultry                  
Business Combination and Asset Acquisition [Abstract]                  
Payments to Acquire Equity Method Investments           $ 44      
Equity Method Investment, Future Contingent Payments               $ 65  
Business Acquisition [Line Items]                  
Business Acquisition, Percentage of Voting Interests Acquired               49.00%  
Payments to Acquire Equity Method Investments           $ 44      
Equity Method Investment, Future Contingent Payments               $ 65  
Agricultural Development Company | Subsequent Event [Member]                  
Business Acquisition [Line Items]                  
Business Acquisition, Percentage of Voting Interests Acquired 15.00%                
South African-based Fully Integrated Poultry Company                  
Business Combination and Asset Acquisition [Abstract]                  
Payments to Acquire Equity Method Investments         $ 100        
Business Acquisition [Line Items]                  
Business Acquisition, Percentage of Voting Interests Acquired         35.00%   35.00%    
Payments to Acquire Equity Method Investments         $ 100        
Vertically Integrated Brazilian Poultry Producer                  
Business Combination and Asset Acquisition [Abstract]                  
Payments to Acquire Equity Method Investments       $ 122          
Business Acquisition [Line Items]                  
Business Acquisition, Percentage of Voting Interests Acquired       40.00%          
Payments to Acquire Equity Method Investments       $ 122          
Fats & Oils Market Joint Venture                  
Business Combination and Asset Acquisition [Abstract]                  
Payments to Acquire Equity Method Investments     $ 61            
Business Acquisition [Line Items]                  
Business Acquisition, Percentage of Voting Interests Acquired     50.00%            
Payments to Acquire Equity Method Investments     $ 61            
v3.22.2.2
Dispositions (Details) - USD ($)
$ in Millions
 12 Months Ended
Jul. 06, 2021
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Gain (Loss) on Disposition of Business   $ 0 $ 784 $ 0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]     Cost of Sales  
Pet Treats Business        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Disposal Group, Including Discontinued Operation, Consideration $ 1,200      
Disposal Group, Including Discontinued Operations, Net Carrying Value 411      
Disposal Group, Including Discontinued Operations, Working Capital 44      
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment 17      
Disposal Group, Including Discontinued Operation, Goodwill 350      
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 784      
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Net of Tax $ 510      
v3.22.2.2
Property, Plant And Equipment (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 17,893 $ 16,516
Less accumulated depreciation 9,208 8,679
Net Property, Plant and Equipment 8,685 7,837
Land    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 214 210
Buildings and leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 5,742 5,370
Machinery and equipment    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 9,960 9,507
Land improvements and other    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 516 453
Buildings and equipment under construction    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 1,461 $ 976
v3.22.2.2
Goodwill And Intangible Assets (Goodwill Activity) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Goodwill [Roll Forward]      
Goodwill, net $ 10,513 $ 10,549 $ 10,899
Goodwill, Foreign Currency Translation Gain (Loss) (36)    
Goodwill, Written off Related to Sale of Business Unit   (350)  
Beef [Member]      
Goodwill [Roll Forward]      
Accumulated Impairment Loss 560 560 560
Goodwill, net 676 676 676
Pork [Member]      
Goodwill [Roll Forward]      
Goodwill, net 423 423 423
Chicken [Member]      
Goodwill [Roll Forward]      
Goodwill, net 3,273 3,274 3,274
Goodwill, Foreign Currency Translation Gain (Loss) (1)    
Prepared Foods [Member]      
Goodwill [Roll Forward]      
Goodwill, net 5,784 5,784 6,134
Goodwill, Written off Related to Sale of Business Unit   (350)  
Corporate and Other [Member]      
Goodwill [Roll Forward]      
Accumulated Impairment Loss 57 57 57
Goodwill, net 357 392 392
Goodwill, Foreign Currency Translation Gain (Loss) (35)    
Unallocated Goodwill      
Goodwill [Roll Forward]      
Goodwill, net $ 0 $ 0 $ 0
v3.22.2.2
Goodwill And Intangible Assets (Other Intangible Assets By Type) (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross $ 3,686 $ 3,707
Finite-Lived Intangible Assets, Accumulated Amortization 1,512 1,266
Finite-Lived Intangible Assets, Net 2,174 2,441
Brands and Trademarks not subject to amortization 4,078 4,078
Intangible Assets, net 6,252 6,519
Trademarks    
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross 951 951
Customer Relationships    
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross 2,371 2,390
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 44
Use Rights    
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross $ 9 $ 12
v3.22.2.2
Goodwill And Intangible Assets (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Goodwill [Roll Forward]      
Amortization Expense on Intangible Assets $ 246 $ 261 $ 278
Estimated Amortization Expense on Intangible Assets, 2023 227    
Estimated Amortization Expense on Intangible Assets, 2024 221    
Estimated Amortization Expense on Intangible Assets, 2025 212    
Estimated Amortization Expense on Intangible Assets, 2026 206    
Estimated Amortization Expense on Intangible Assets, 2027 194    
Beef [Member]      
Goodwill [Roll Forward]      
Accumulated Impairment Loss 560 560 560
Corporate and Other [Member]      
Goodwill [Roll Forward]      
Accumulated Impairment Loss $ 57 $ 57 $ 57
v3.22.2.2
Leases (Details) - USD ($)
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Leases [Abstract]    
Operating Lease, Right-of-Use Asset $ (507,000,000) $ (531,000,000)
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities
Operating Lease, Liability, Current $ 145,000,000 $ 155,000,000
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Liabilities Other Liabilities
Operating Lease, Liability, Noncurrent $ 350,000,000 $ 368,000,000
Operating Lease, Cost 175,000,000 183,000,000
Variable Lease, Cost 508,000,000 473,000,000
Short-Term Lease, Cost 30,000,000 33,000,000
Lease, Cost 713,000,000 689,000,000
Operating Lease, Payments 194,000,000 204,000,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 159,000,000 $ 197,000,000
Operating Lease, Weighted Average Remaining Lease Term 5 years 5 years
Operating Lease, Weighted Average Discount Rate, Percent 3.00% 2.00%
Lessee, Operating Lease, Liability, to be Paid, Year One $ 154,000,000  
Lessee, Operating Lease, Liability, to be Paid, Year Two 121,000,000  
Lessee, Operating Lease, Liability, to be Paid, Year Three 92,000,000  
Lessee, Operating Lease, Liability, to be Paid, Year Four 66,000,000  
Lessee, Operating Lease, Liability, to be Paid, Year Five 41,000,000  
Lessee, Operating Lease, Liability, to be Paid, after Year Five 53,000,000  
Lessee, Operating Lease, Liability, to be Paid 527,000,000  
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 32,000,000  
Operating Lease, Liability $ 495,000,000  
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other Assets Other Assets
Lessee, Leases Not Yet Commenced, Amount $ 0  
v3.22.2.2
Restructuring and Related Charges (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 03, 2020
2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost $ 66  
Restructuring Reserve 66  
Restructuring and Related Cost, Expected Cost 293  
Effect on Future Cash Flows, Amount 66  
2022 Program | Effect on Future Earnings, Cash Charges    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 264  
2022 Program | Effect on Future Earnings, Non-Cash Charges    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost $ 29  
Cost of Sales    
Restructuring Cost and Reserve [Line Items]    
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales  
Cost of Sales | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost $ 18  
Restructuring and Related Cost, Expected Cost $ 50  
Selling, General and Administrative Expenses [Member]    
Restructuring Cost and Reserve [Line Items]    
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Selling, General and Administrative  
Selling, General and Administrative Expenses [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost $ 48  
Restructuring and Related Cost, Expected Cost 243  
Employee Severance [Member] | Restructuring Program [Member]    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost   $ 60
Employee Severance [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 66  
Restructuring Reserve 66  
Restructuring and Related Cost, Expected Cost 100  
Contract Termination | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 31  
Accelerated Depreciation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 32  
Employee Relocation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 117  
Other Restructuring | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 13  
Beef [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 16  
Restructuring and Related Cost, Expected Cost 74  
Beef [Member] | Employee Severance [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 16  
Restructuring and Related Cost, Expected Cost 24  
Beef [Member] | Contract Termination | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 0  
Beef [Member] | Accelerated Depreciation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 9  
Beef [Member] | Employee Relocation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 37  
Beef [Member] | Other Restructuring | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 4  
Pork [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 5  
Restructuring and Related Cost, Expected Cost 30  
Pork [Member] | Employee Severance [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 5  
Restructuring and Related Cost, Expected Cost 9  
Pork [Member] | Contract Termination | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 0  
Pork [Member] | Accelerated Depreciation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 4  
Pork [Member] | Employee Relocation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 16  
Pork [Member] | Other Restructuring | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 1  
Chicken [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 6  
Restructuring and Related Cost, Expected Cost 8  
Chicken [Member] | Employee Severance [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 6  
Restructuring and Related Cost, Expected Cost 7  
Chicken [Member] | Contract Termination | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 0  
Chicken [Member] | Accelerated Depreciation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 1  
Chicken [Member] | Employee Relocation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 0  
Chicken [Member] | Other Restructuring | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 0  
Prepared Foods [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 36  
Restructuring and Related Cost, Expected Cost 171  
Prepared Foods [Member] | Employee Severance [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 36  
Restructuring and Related Cost, Expected Cost 52  
Prepared Foods [Member] | Contract Termination | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 31  
Prepared Foods [Member] | Accelerated Depreciation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 18  
Prepared Foods [Member] | Employee Relocation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 63  
Prepared Foods [Member] | Other Restructuring | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 7  
Corporate and Other [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 3  
Restructuring and Related Cost, Expected Cost 10  
Corporate and Other [Member] | Employee Severance [Member] | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Incurred Cost 3  
Restructuring and Related Cost, Expected Cost 8  
Corporate and Other [Member] | Contract Termination | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 0  
Corporate and Other [Member] | Accelerated Depreciation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 0  
Corporate and Other [Member] | Employee Relocation | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost 1  
Corporate and Other [Member] | Other Restructuring | 2022 Program    
Restructuring Cost and Reserve [Line Items]    
Restructuring and Related Cost, Expected Cost $ 1  
v3.22.2.2
Income Taxes (Provision For Income Taxes From Continuing Operations) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Income Tax Disclosure [Abstract]      
Federal Income Tax Expense (Benefit), Continuing Operations $ 764 $ 791 $ 477
State and Local Income Tax Expense (Benefit), Continuing Operations 94 163 98
Foreign Income Tax Expense (Benefit), Continuing Operations 42 27 18
Income Tax Expense (Benefit) 900 981 593
Current Income Tax Expense (Benefit) 636 1,106 575
Deferred income taxes $ 264 $ (125) $ 18
v3.22.2.2
Income Taxes (Reasons For Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate) (Details)
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Income Tax Disclosure [Abstract]      
Federal Income Tax Rate 21.00% 21.00% 21.00%
State Income Taxes 2.00% 3.30% 2.90%
Foreign-Derived Intangible Income (1.00%) (1.10%) (0.60%)
Goodwill 0.00% 1.80% 0.00%
Other (0.30%) (0.70%) (1.00%)
Effective Income Tax Rate 21.70% 24.30% 22.30%
v3.22.2.2
Income Taxes (Tax Effects Of Major Items Recorded As Deferred Tax Assets And Liabilities) (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Income Tax Disclosure [Abstract]    
Deferred Tax Assets, Property, Plant and Equipment $ 0 $ 0
Deferred Tax Liabilities, Property, Plant and Equipment 1,091 990
Deferred Tax Liabilities, Intangible Assets 1,515 1,564
Deferred Tax Assets, Intangible Assets 0 0
Deferred Tax Liabilities, Leasing Arrangements 144 158
Deferred Tax Asset, ROU asset 0 0
Deferred Tax Liabilities, Accrued Expenses 0 0
Deferred Tax Assets, Accrued Expenses 410 558
Deferred Tax Asset, Lease Liabilities 126 133
Deferred Tax Liability, Lease liabilities 0 0
Deferred Tax Assets, Operating Loss Carryforwards 198 167
Deferred Tax Liabilities, Other 326 251
Deferred Tax Assets, Other 87 79
Deferred Tax Liabilities, Gross 3,076 2,963
Deferred Tax Assets, Gross 821 937
Deferred Tax Assets, Valuation Allowance (195) (151)
Deferred Tax Liabilities, Net $ 2,450 $ 2,177
v3.22.2.2
Income Taxes (Activity Related To Gross Unrecognized Tax Benefits) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Sep. 28, 2019
Income Tax Disclosure [Abstract]        
Unrecognized tax benefits $ 152 $ 152 $ 165 $ 169
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions 16 25 21  
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions 20 7 5  
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions (13) (7) (9)  
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities (3) (1) (3)  
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations $ (20) $ (37) $ (18)  
v3.22.2.2
Income Taxes (Narrative) (Details)
$ in Millions, $ in Millions
 1 Months Ended 12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
MXN ($)
Oct. 01, 2022
USD ($)
Oct. 02, 2021
USD ($)
Oct. 03, 2020
USD ($)
Income Tax Disclosure [Line Items]          
State Income Taxes     $ 83 $ 135 $ 78
Foreign-Derived Intangible Income Deduction     42 $ 44  
Effective Income Tax Reconciliation, Remeasurement of Deferred Income Taxes     36    
Impairment and Sale of Non-Protein Businesses       1.80%  
Income (Loss) from Continuing Operations before Income Taxes, Domestic     4,025 $ 3,963 $ 2,605
Undistributed Earnings of Foreign Subsidiaries     570    
Unrecognized Tax Benefits that Would Impact Effective Tax Rate     112 111  
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued     47 $ 49  
State and Local Jurisdiction          
Income Tax Disclosure [Line Items]          
Operating Loss Carryforwards     1,480    
Foreign Tax Authority          
Income Tax Disclosure [Line Items]          
Operating Loss Carryforwards     321    
Tax Year 2015 | Mexican Tax Authority          
Income Tax Disclosure [Line Items]          
Income Tax Examination, Estimate of Possible Loss $ 411 $ 8,300      
Expire in Fiscal Years 2023-2042 | State and Local Jurisdiction          
Income Tax Disclosure [Line Items]          
Operating Loss Carryforwards     1,345    
Expire in Fiscal Years 2023-2038 | Foreign Tax Authority          
Income Tax Disclosure [Line Items]          
Operating Loss Carryforwards     137    
Expiring in fiscal years 2023-2037          
Income Tax Disclosure [Line Items]          
Tax Credit Carryforward, Amount     $ 52    
v3.22.2.2
Debt (Major Components Of Debt) (Details) - USD ($)
Oct. 01, 2022
Oct. 02, 2021
Debt Instrument [Line Items]    
Discount on senior notes $ (39,000,000) $ (42,000,000)
Other 175,000,000 212,000,000
Unamortized debt issuance costs (43,000,000) (50,000,000)
Total debt 8,321,000,000 9,348,000,000
Less current debt 459,000,000 1,067,000,000
Total long-term debt 7,862,000,000 8,281,000,000
4.50% Senior notes due June 2022    
Debt Instrument [Line Items]    
Long-term Debt, Gross 0 1,000,000,000
3.90% Senior notes due September 2023    
Debt Instrument [Line Items]    
Long-term Debt, Gross 400,000,000 400,000,000
3.95% Notes due August 2024    
Debt Instrument [Line Items]    
Long-term Debt, Gross 1,250,000,000 1,250,000,000
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 160,000,000 160,000,000
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 500,000,000 500,000,000
4.55% Notes due June 2047    
Debt Instrument [Line Items]    
Long-term Debt, Gross 750,000,000 750,000,000
5.10% Notes due September 2048 (“2048 Notes”)    
Debt Instrument [Line Items]    
Long-term Debt, Gross 1,500,000,000 1,500,000,000
Revolving Credit Facility [Member]    
Debt Instrument [Line Items]    
Revolving credit facility 0 0
Commercial paper [Member]    
Debt Instrument [Line Items]    
Commercial paper $ 0 $ 0
v3.22.2.2
Debt (Narrative) (Details) - USD ($)
Mar. 15, 2022
Oct. 01, 2022
Oct. 02, 2021
Debt Instrument [Line Items]      
Debt Instrument, Unamortized Discount   $ 39,000,000 $ 42,000,000
Long-Term Debt, Maturity, Year One   467,000,000  
Long-Term Debt, Maturity, Year Two   1,282,000,000  
Long-Term Debt, Maturity, Year Three   20,000,000  
Long-Term Debt, Maturity, Year Four   812,000,000  
Long-Term Debt, Maturity, Year Five   1,354,000,000  
4.50% Senior notes due June 2022      
Debt Instrument [Line Items]      
Long-term Debt, Gross   $ 0 1,000,000,000
Extinguishment of Debt, Amount $ 1,000,000,000    
Debt Instrument, Interest Rate, Stated Percentage   4.50%  
2.25% Notes due August 2021      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage   2.25%  
3.90% Senior notes due September 2023      
Debt Instrument [Line Items]      
Long-term Debt, Gross   $ 400,000,000 400,000,000
Debt Instrument, Interest Rate, Stated Percentage   3.90%  
3.95% Notes due August 2024      
Debt Instrument [Line Items]      
Long-term Debt, Gross   $ 1,250,000,000 1,250,000,000
Debt Instrument, Interest Rate, Stated Percentage   3.95%  
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   $ 160,000,000 160,000,000
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   $ 500,000,000 500,000,000
Debt Instrument, Interest Rate, Stated Percentage   5.15%  
4.55% Notes due June 2047      
Debt Instrument [Line Items]      
Long-term Debt, Gross   $ 750,000,000 750,000,000
Debt Instrument, Interest Rate, Stated Percentage   4.55%  
5.10% Notes due September 2048 (“2048 Notes”)      
Debt Instrument [Line Items]      
Long-term Debt, Gross   $ 1,500,000,000 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%  
Revolving Credit Facility [Member]      
Debt Instrument [Line Items]      
Maximum borrowing capacity   $ 2,250,000,000  
Amount available for borrowing under credit facility   2,250,000,000  
Revolving credit facility   0 0
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   97,000,000  
Commercial paper [Member]      
Debt Instrument [Line Items]      
Maximum borrowing capacity   1,500,000,000  
Commercial paper   $ 0 $ 0
v3.22.2.2
Equity (Schedule of Share Repurchases) (Details) - Class A [Member] - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Class of Stock [Line Items]      
Treasury Stock, Shares, Acquired 8.2 0.9 2.5
Payments for Repurchase of Common Stock $ 702 $ 67 $ 207
Under share repurchase program      
Class of Stock [Line Items]      
Treasury Stock, Shares, Acquired 6.9 0.0 1.8
Payments for Repurchase of Common Stock $ 587 $ 0 $ 150
To fund certain obligations under equity compensation plans      
Class of Stock [Line Items]      
Treasury Stock, Shares, Acquired 1.3 0.9 0.7
Payments for Repurchase of Common Stock $ 115 $ 67 $ 57
v3.22.2.2
Equity (Narrative) (Details)
shares in Millions
 12 Months Ended
Nov. 11, 2022
$ / shares
Oct. 01, 2022
Classes
$ / shares
shares
Oct. 02, 2021
$ / shares
Oct. 03, 2020
$ / shares
Class of Stock [Line Items]        
Number Of Classes Of Common Stock | Classes   2    
Cash Dividends, Paid Ratio To Other Class Of Stock, Maximum   90.00%    
Tyson Limited Partnership And Tyson Family Member        
Class of Stock [Line Items]        
Related Party Voting Rights Percentage   71.15%    
Class A [Member]        
Class of Stock [Line Items]        
Common stock, par value   $ 0.10 $ 0.10  
Common Stock, Vote Entitlement Per Share   1    
Common Stock, Dividends, Per Share, Cash Paid   1.84 1.78 $ 1.68
Common Stock, Dividends, Per Share, Declared   $ 1.855 1.805 1.725
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | shares   12.0    
Class A [Member] | Subsequent Event [Member]        
Class of Stock [Line Items]        
Common Stock, Dividends, Per Share, Declared $ 0.48      
Class A [Member] | Tyson Limited Partnership And Tyson Family Member        
Class of Stock [Line Items]        
Tyson Family Ownership Percentage   2.27%    
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   1.66 1.60 1.51
Common Stock, Dividends, Per Share, Declared   $ 1.670 $ 1.625 $ 1.553
Class B [Member] | Subsequent Event [Member]        
Class of Stock [Line Items]        
Common Stock, Dividends, Per Share, Declared $ 0.432      
Class B [Member] | Tyson Limited Partnership        
Class of Stock [Line Items]        
Tyson Family Ownership Percentage   99.985%    
v3.22.2.2
Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Earnings Per Share, Basic and Diluted [Line Items]      
Net Income $ 3,249 $ 3,060 $ 2,071
Less: Net Income Attributable to Noncontrolling Interests 11 13 10
Net income attributable to Tyson 3,238 3,047 2,061
Undistributed earnings $ 2,582 $ 2,402 $ 1,445
Stock options, restricted stock and performance units 3 2 2
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions 363 365 365
Diluted $ 8.92 $ 8.34 $ 5.64
Class A [Member]      
Earnings Per Share, Basic and Diluted [Line Items]      
Less dividends declared: $ 539 $ 532 $ 508
Undistributed earnings $ 2,122 $ 1,977 $ 1,189
Weighted average number of shares outstanding - Basic 290 293 293
Net Income Per Share Attributable to Tyson - Basic $ 9.18 $ 8.57 $ 5.79
Common Stock, Dividends, Per Share, Declared $ 1.855 $ 1.805 $ 1.725
Class B [Member]      
Earnings Per Share, Basic and Diluted [Line Items]      
Less dividends declared: $ 117 $ 113 $ 108
Undistributed earnings $ 460 $ 425 $ 256
Weighted average number of shares outstanding - Basic 70 70 70
Net Income Per Share Attributable to Tyson - Basic $ 8.25 $ 7.70 $ 5.21
Common Stock, Dividends, Per Share, Declared $ 1.670 $ 1.625 $ 1.553
v3.22.2.2
Earnings Per Share (Narrative) (Details)
shares in Millions
 12 Months Ended
Oct. 01, 2022
Classes
shares
Oct. 02, 2021
shares
Oct. 03, 2020
shares
Earnings Per Share, Basic and Diluted [Line Items]      
Antidilutive securities excluded from computation of earnings per share, shares | shares 2 4 2
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    
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    
v3.22.2.2
Derivative Financial Instruments (Aggregate Outstanding Notionals) (Details)
lb in Millions, bu in Millions, $ in Millions
Oct. 01, 2022
USD ($)
T
bu
lb
Oct. 02, 2021
USD ($)
T
lb
bu
Corn (in bushels)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | bu 44 37
Soy Meal (in tons)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | T 532,700 1,026,733
Live Cattle (in pounds)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount 280 417
Lean Hogs (in pounds)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount 339 413
Foreign Currency [Member]    
Derivative [Line Items]    
Derivative, Notional Amount | $ $ 249 $ 130
v3.22.2.2
Derivative Financial Instruments (Pretax Impact Of Cash Flow Hedge Derivative Instruments On The Consolidated Statements Of Income) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 225 $ 14 $ 8
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 [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 254 $ 70 $ (103)
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 $ (9) $ (5) $ (5)
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]      
Derivative [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax $ 0 $ 0 $ (17)
Cash Flow Hedging [Member] | Commodity contracts      
Derivative [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax 0 0 (17)
Derivative, Gain (Loss) on Derivative, Net $ 0 $ (1) $ (24)
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]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax $ 0 $ 0 $ 0
Derivative, Gain (Loss) on Derivative, Net $ (1) $ (1) $ (6)
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 $ (29) $ (55) $ 135
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
v3.22.2.2
Derivative Financial Instruments (Pretax Impact Of Fair Value Hedge Derivative Instruments On The Consolidated Statements of Income) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 225 $ 14 $ 8
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 $ (12) $ (6) $ 6
Fair Value Hedging [Member] | Commodity contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (29) $ (55) $ 135
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales Cost of Sales
v3.22.2.2
Derivative Financial Instruments (Pretax Impact Of Undesignated Derivative Instruments On The Consolidated Statements Of Income) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (225) $ (14) $ (8)
Cost of Sales 46,614 40,523 37,801
Other Nonoperating Income (Expense) (87) (65) (131)
Interest expense 365 428 485
Not Designated as Hedging Instrument | Commodity contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net (254) (70) 103
Not Designated as Hedging Instrument | Foreign exchange contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net 9 5 5
Fair Value Hedging [Member] | Commodity contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net 29 55 (135)
Cash Flow Hedging [Member] | Commodity contracts      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net 0 1 24
Cash Flow Hedging [Member] | Interest Rate Contract [Member]      
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 1 $ 1 $ 6
v3.22.2.2
Derivative Financial Instruments (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Cash Flow Hedging [Member]      
Derivative [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax $ 0 $ 0 $ (17)
Commodity contracts | Cash Flow Hedging [Member]      
Derivative [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax 0 $ 0 $ (17)
Treasury Rate Locks      
Derivative [Line Items]      
Cash Flow Hedge Gain (Loss) to be Reclassified Over Life of Forecasted Fixed-Rate Debt $ (14)    
v3.22.2.2
Derivative Financial Instruments Pretax Impact on OCI (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 225 $ 14 $ 8
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 $ 254 $ 70 $ (103)
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 $ (9) $ (5) $ (5)
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 $ 0 $ (1) $ (24)
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 $ (1) $ (1) $ (6)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense Interest expense Interest expense
v3.22.2.2
Fair Value Measurements (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Collateral, Right to Reclaim Cash, Offset $ 10 $ 56
Other income/expense    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other Nonrecurring Gain 37  
Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Netting (64) (99)
Total assets 570 608
Derivative Liability, Netting (74) (155)
Total liabilities 34 16
Fair Value, Recurring [Member] | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets 38 14
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 561 645
Total liabilities 108 171
Fair Value, Recurring [Member] | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets 35 48
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 1 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Netting (6) (10)
Derivative Asset, Subject to Master Netting Arrangement, after Offset 8 8
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 (58) (89)
Derivative Asset, Subject to Master Netting Arrangement, after Offset 96 80
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 1 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 2 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 14 18
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 154 169
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 365 411
Debt Securities, Available-for-Sale, Noncurrent 100 109
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 38 14
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 327 397
Debt Securities, Available-for-Sale, Noncurrent 65 61
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 35 48
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 (2) (12)
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 34 16
Derivative Liability, Netting (72) (143)
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 2 12
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 106 159
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
v3.22.2.2
Fair Value Measurements (Schedule Of Debt Securities Measured At Fair Value On A Recurring Basis, Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of year $ 48 $ 53
Total unrealized gains (losses) included in other comprehensive income (loss) (3) (1)
Purchases 8 20
Settlements (18) (24)
Balance at end of period $ 35 $ 48
v3.22.2.2
Fair Value Measurements (Schedule Of Available For Sale Securities) (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
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 $ (5) $ 0
Debt Securities, Available-for-sale 66 61
Debt Securities, Available-for-sale, Amortized Cost 71 61
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 (2) 1
Debt Securities, Available-for-sale 35 48
Debt Securities, Available-for-sale, Amortized Cost $ 37 $ 47
v3.22.2.2
Fair Value Measurements (Schedule Of Fair Value And Carrying Value Of Debt) (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Fair Value Disclosures [Abstract]    
Total Debt, Fair Value $ 7,762 $ 10,810
Total Debt, Carrying Value $ 8,321 $ 9,348
v3.22.2.2
Fair Value Measurement (Narrative) (Details)
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
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 16.40% 16.30%
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 47 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%
v3.22.2.2
Stock-Based Compensation (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Stock options exercised $ 126 $ 41 $ 30
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 2,094,198    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period 539,743    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross 1,456,544    
Shares Under Option - Outstanding, October 6,029,629 7,207,026  
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number 3,536,020    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price $ 67.95 $ 63.82  
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price 63.12    
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price 61.16    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price 75.78    
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price $ 81.51    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value $ 37    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term 6 years 7 months 6 days    
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value $ 32    
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 $ 16.53 $ 11.03 $ 16.77
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term 4 years 4 months 24 days 4 years 3 months 18 days 4 years 3 months 18 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate 1.10% 0.30% 1.60%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate 30.00% 32.20% 25.70%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate 2.40% 3.40% 2.00%
Share-Based Payment Arrangement, Expense, Tax Benefit $ 3 $ 4 $ 4
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares 1,500,000 1,900,000 1,300,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value $ 19 $ 25 $ 17
Stock options exercised 126 41 30
Share-Based Payment Arrangement, Exercise of Option, Tax Benefit 12 5 6
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value 22 20 21
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount $ 21    
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition 1 year 2 months 12 days    
Share-Based Payment Arrangement, Expense, after Tax $ 13 19 16
Restricted Stock      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding 106    
Share-Based Payment Arrangement, Expense, Tax Benefit $ 7 $ 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 1,606,531 1,974,136  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value $ 76.36 $ 68.88  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value $ 82.37    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period 708,855    
Share based compensation arrangement by share based payment award, equity instruments other than options, nonvested, dividends, period weighted average grant date fair value $ 82.51    
Share based compensation arrangement by share based payment award, equity instruments other than options, nonvested dividends 12,833    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value $ 64.92    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (884,444) (500,000) (600,000)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value $ 74.87    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (204,849)    
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 $ 57 $ 37 $ 34
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount 53    
Share-Based Payment Arrangement, Expense, after Tax $ 28 35 36
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 $ 117    
Share-Based Payment Arrangement, Expense, Tax Benefit $ 7 $ 4 4
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition 1 year 9 months 18 days    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number 1,781,519 2,055,568  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value $ 58.13 $ 51.63  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value $ 63.30    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period 745,246    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value $ 45.66    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (395,310)    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value $ 50.80    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (623,985)    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms 1 year 2 months 12 days    
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount $ 34    
Share-Based Payment Arrangement, Expense, after Tax $ 37 $ 19 $ 18
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%    
v3.22.2.2
Compensation Related Costs, Share Based Payments (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Share-Based Payment Arrangement [Abstract]      
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant 8,459,910    
Stock options exercised $ 126 $ 41 $ 30
v3.22.2.2
Pensions And Other Postretirement Benefits (Reconciliation Of Changes In Plans' Benefit Obligations, Assets And Funded Status) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Contributions by Employer $ 13 $ 15 $ 19
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Benefit Obligation 55 65 74
Defined Benefit Plan, Plan Assets, Amount 0 0 0
Defined Benefit Plan, Funded (Unfunded) Status of Plan (55) (65)  
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) 0 0  
Defined Benefit Plan, Plan Assets, Contributions by Employer 4 3  
Defined Benefit Plan, Service Cost 1 2 2
Defined Benefit Plan, Interest Cost 1 1 1
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment 0 (8)  
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) (8) (1)  
Defined Benefit Plan, Benefit Obligation, Benefits Paid (4) (3)  
Defined Benefit Plan, Plan Assets, Benefits Paid (4) (3)  
Defined Benefit Plan, Plan Assets, (Increase) Decrease for Settlement 0 0  
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement 0 0  
Defined Benefit Plan, Funded Plan | Qualified Plan | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Benefit Obligation 17 28 31
Defined Benefit Plan, Plan Assets, Amount 24 33 35
Defined Benefit Plan, Funded (Unfunded) Status of Plan 7 5  
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) (9) 1  
Defined Benefit Plan, Plan Assets, Contributions by Employer 1 1  
Defined Benefit Plan, Service Cost 0 0 0
Defined Benefit Plan, Interest Cost 1 0 14
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment 0 0  
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) (11) 0  
Defined Benefit Plan, Benefit Obligation, Benefits Paid (1) (1)  
Defined Benefit Plan, Plan Assets, Benefits Paid (1) (1)  
Defined Benefit Plan, Plan Assets, (Increase) Decrease for Settlement 0 (3)  
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement 0 (2)  
Defined Benefit Plan, Unfunded Plan | Nonqualified Plan | Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Benefit Obligation 166 220 238
Defined Benefit Plan, Plan Assets, Amount 0 0 0
Defined Benefit Plan, Funded (Unfunded) Status of Plan (166) (220)  
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) 0 0  
Defined Benefit Plan, Plan Assets, Contributions by Employer 13 14  
Defined Benefit Plan, Service Cost 0 0 0
Defined Benefit Plan, Interest Cost 6 6 $ 8
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment 0 0  
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) (47) (4)  
Defined Benefit Plan, Benefit Obligation, Benefits Paid (13) (12)  
Defined Benefit Plan, Benefit Obligation, Payment for Settlement   (2)  
Defined Benefit Plan, Plan Assets, Benefits Paid (13) (12)  
Defined Benefit Plan, Plan Assets, Payment for Settlement   (2)  
Defined Benefit Plan, Plan Assets, (Increase) Decrease for Settlement 0 0  
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement $ 0 $ (6)  
v3.22.2.2
Pensions And Other Postretirement Benefits (Amounts Recognized In The Consolidated Balance Sheets) (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
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 (3) (3)
Liability, Defined Benefit Plan, Noncurrent (52) (62)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position (55) (65)
Defined Benefit Plan, Funded Plan | Qualified Plan | Pension Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Assets for Plan Benefits, Defined Benefit Plan 7 5
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 7 5
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 (13) (13)
Liability, Defined Benefit Plan, Noncurrent (153) (207)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position $ (166) $ (220)
v3.22.2.2
Pensions And Other Postretirement Benefits (Amounts Recognized in Other Comprehensive Income) (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Other Postretirement Benefits Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax $ 13 $ 18
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax (5) (5)
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 8 13
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 2 4
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 2 4
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 (15) 36
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax 2 2
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax $ (13) $ 38
v3.22.2.2
Pensions And Other Postretirement Benefits (Plans With Accumulated Benefit Obligations In Excess Of Plan Assets) (Details) - Pension Plan [Member] - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
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 166 220
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation 166 220
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Plan Assets $ 0 $ 0
v3.22.2.2
Pensions And Other Postretirement Benefits (Components Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans Recognized In The Consolidated Statements Of Income) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Service Cost $ 1 $ 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 4 (2) (6)
Defined Benefit Plan, Amortization of Gain (Loss) (8) 0 4
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement 0 (34) 0
Net Periodic Benefit Cost (Credit), Excluding Service Cost (2) (33) 1
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 0 14
Defined Benefit Plan, Expected Return (Loss) on Plan Assets (1) 0 (17)
Amortization of prior service credit 0 0 0
Defined Benefit Plan, Amortization of Gain (Loss) 0 0 0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement 0 0 (112)
Net Periodic Benefit Cost (Credit), Excluding Service Cost 0 0 (115)
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 6 6 8
Defined Benefit Plan, Expected Return (Loss) on Plan Assets 0 0 0
Amortization of prior service credit 1 1 1
Defined Benefit Plan, Amortization of Gain (Loss) 3 4 3
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement 0 0 0
Net Periodic Benefit Cost (Credit), Excluding Service Cost $ 10 $ 11 $ 12
v3.22.2.2
Pensions And Other Postretirement Benefits (Weighted Average Assumptions) (Details)
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 2.07% 1.95% 2.68%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 4.59% 2.07% 1.95%
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 2.00% 1.70% 3.23%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 5.20% 2.00% 1.70%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-Term Rate of Return on Plan Assets 2.00% 1.70% 3.50%
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 2.83% 2.63% 3.19%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 5.42% 2.83% 2.63%
v3.22.2.2
Pensions And Other Postretirement Benefits (Estimated Future Benefit Payments Expected To Be Paid) (Details)
$ in Millions
Oct. 01, 2022
USD ($)
Other Postretirement Benefits Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Expected Future Benefit Payment, Year One $ 3
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 3
Defined Benefit Plan, Expected Future Benefit Payment, Year Five 2
Defined Benefit Plan, Expected Future Benefit Payment, after Year Five for Next Five Years 6
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 0
Defined Benefit Plan, Expected Future Benefit Payment, Year Two 1
Defined Benefit Plan, Expected Future Benefit Payment, Year Three 1
Defined Benefit Plan, Expected Future Benefit Payment, Year Four 0
Defined Benefit Plan, Expected Future Benefit Payment, Year Five 0
Defined Benefit Plan, Expected Future Benefit Payment, after Year Five for Next Five Years 3
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 13
Defined Benefit Plan, Expected Future Benefit Payment, Year Two 13
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 $ 62
v3.22.2.2
Pensions And Other Postretirement Benefits (Multiemployer Plans) (Details)
$ in Millions
 12 Months Ended
Oct. 01, 2022
USD ($)
plan
Oct. 02, 2021
USD ($)
Oct. 03, 2020
USD ($)
Multiemployer Plan [Line Items]      
Multiemployer Plan, Number of Plans 1    
Pension Plan [Member]      
Multiemployer Plan [Line Items]      
Multiemployer Plan, Employer Contribution, Cost $ 2 $ 1  
Defined Benefit Plan, Number of Plans | plan 4    
Pension Plan [Member] | Defined Benefit Plan, Unfunded Plan | 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 $ 2 $ 1 $ 1
Multiemployer Plan, Pension, Insignificant, Collective-Bargaining Arrangement, Expiration Date Aug. 02, 2024    
Multiemployer Plans, Surcharge Imposed 10.00%    
Pension Fund of Local 227      
Multiemployer Plan [Line Items]      
Multiemployer Plans, Withdrawal Obligation $ 1    
v3.22.2.2
Pension and Other Postretirement Benefit Plans (Narrative) (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 29, 2018
plan
Oct. 01, 2022
USD ($)
plan
Oct. 02, 2021
USD ($)
Oct. 03, 2020
USD ($)
Apr. 03, 2021
USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Defined Contribution Plan, Cost   $ 114 $ 106 $ 103  
Pension Fund of Local 227          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Multiemployer Plans, Withdrawal Obligation   $ 1      
Hillshire Hourly and Salaried Plans          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Assets for Plan Benefits, Defined Benefit Plan         $ 52
Pension Plan [Member]          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Defined Benefit Plan, Gain from Providing Special and Contractual Termination Benefits       112  
Defined Benefit Plan, Number of Plans | plan   4      
Multiemployer Plan, Employer Contribution, Cost   $ 2 1    
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year   13      
Defined Benefit Plan, Plan Assets, Contributions by Employer   $ 13 15 19  
Defined Benefit Plans with Accumulated Benefit Obligations in Excess of Plan Assets, 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   $ 1 1    
Defined Benefit Plan, Benefit Obligation   17 28 31  
Defined Benefit Plan, Expected Amortization, Next Fiscal Year   0      
Defined Benefit Plan, Accumulated Benefit Obligation   17 28    
Defined Benefit Plan, Number of Plans Subject to Settlement | plan 3        
Assets for Plan Benefits, Defined Benefit Plan   7 5    
Defined Benefit Plan, Plan Assets, Amount   $ 24 33 35  
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, Number of Plans | plan   3      
Defined Benefit Plan, Plan Assets, Contributions by Employer   $ 13 14    
Defined Benefit Plan, Benefit Obligation   166 220 238  
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   $ 4 3    
Defined Benefit Plan, Benefit Obligation   55 65 74  
Defined Benefit Plan, Gain from Plan Amendment     34    
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   $ 10      
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, Hillshire and Keystone Plans          
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, Heathcare Cost Trend Rates, Hillshire Plan          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Defined Benefit Plan, Benefit Obligation   $ 1      
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year   6.80%      
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate   4.50%      
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, Benefit Obligation   $ 3      
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year   7.50%      
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate   4.50%      
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   1      
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      
v3.22.2.2
Segment Reporting (Segment Reporting Information, By Segment) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Segment Reporting Information [Line Items]      
Sales $ 53,282 $ 47,049 $ 43,185
Operating Income (Loss) 4,410 4,396 3,008
Depreciation, Depletion and Amortization 1,191 1,195 1,178
Assets 36,821 36,309 34,456
Property, Plant and Equipment, Additions 1,887 1,209 1,199
Total Other (Income) Expense 261 355 344
Income before income taxes 4,149 4,041 2,664
Loss Contingency Accrual 215 567  
Beef [Member]      
Segment Reporting Information [Line Items]      
Sales 19,854 17,999 15,742
Pork [Member]      
Segment Reporting Information [Line Items]      
Sales 6,414 6,277 5,128
Chicken [Member]      
Segment Reporting Information [Line Items]      
Sales 16,961 13,733 13,234
Prepared Foods [Member]      
Segment Reporting Information [Line Items]      
Sales 9,689 8,853 8,532
Corporate and Other [Member]      
Segment Reporting Information [Line Items]      
Sales 2,355 1,990 1,856
Operating Income (Loss) 14 (3) (2)
Depreciation, Depletion and Amortization 58 77 65
Assets 3,935 5,045 3,806
Property, Plant and Equipment, Additions 307 108 75
Operating Segments [Member] | Beef [Member]      
Segment Reporting Information [Line Items]      
Sales 19,854 17,999 15,742
Operating Income (Loss) 2,502 3,240 1,580
Depreciation, Depletion and Amortization 128 108 106
Assets 3,883 3,678 3,223
Property, Plant and Equipment, Additions 136 246 219
Operating Segments [Member] | Pork [Member]      
Segment Reporting Information [Line Items]      
Sales 6,414 6,277 5,128
Operating Income (Loss) 193 328 565
Depreciation, Depletion and Amortization 70 61 56
Assets 1,697 1,583 1,516
Property, Plant and Equipment, Additions 82 100 117
Operating Segments [Member] | Chicken [Member]      
Segment Reporting Information [Line Items]      
Sales 16,961 13,733 13,234
Operating Income (Loss) 955 (625) 122
Depreciation, Depletion and Amortization 563 564 553
Assets 12,386 11,373 11,028
Property, Plant and Equipment, Additions 906 518 577
Operating Segments [Member] | Prepared Foods [Member]      
Segment Reporting Information [Line Items]      
Sales 9,689 8,853 8,532
Operating Income (Loss) 746 1,456 743
Depreciation, Depletion and Amortization 372 385 398
Assets 14,920 14,630 14,883
Property, Plant and Equipment, Additions 456 237 211
Intersegment Eliminations      
Segment Reporting Information [Line Items]      
Sales $ (1,991) (1,803) $ (1,307)
Sales | Chicken [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency, Loss in Period   $ 545  
v3.22.2.2
Segment Reporting Disaggregation of Revenue (By Segment and Distribution Channel) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Disaggregation of Revenue [Line Items]      
Sales $ 53,282 $ 47,049 $ 43,185
Beef [Member]      
Disaggregation of Revenue [Line Items]      
Sales 19,854 17,999 15,742
Pork [Member]      
Disaggregation of Revenue [Line Items]      
Sales 6,414 6,277 5,128
Chicken [Member]      
Disaggregation of Revenue [Line Items]      
Sales 16,961 13,733 13,234
Chicken [Member] | Sales      
Disaggregation of Revenue [Line Items]      
Loss Contingency, Loss in Period   545  
Prepared Foods [Member]      
Disaggregation of Revenue [Line Items]      
Sales 9,689 8,853 8,532
Corporate and Other [Member]      
Disaggregation of Revenue [Line Items]      
Sales 2,355 1,990 1,856
Retail      
Disaggregation of Revenue [Line Items]      
Sales 23,285 21,909 20,817
Retail | Beef [Member]      
Disaggregation of Revenue [Line Items]      
Sales 8,687 8,779 8,155
Retail | Pork [Member]      
Disaggregation of Revenue [Line Items]      
Sales 1,817 1,787 1,590
Retail | Chicken [Member]      
Disaggregation of Revenue [Line Items]      
Sales 7,194 6,112 5,935
Retail | Prepared Foods [Member]      
Disaggregation of Revenue [Line Items]      
Sales 5,587 5,231 5,137
Retail | Corporate and Other [Member]      
Disaggregation of Revenue [Line Items]      
Sales 0 0 0
Foodservice      
Disaggregation of Revenue [Line Items]      
Sales 15,682 13,677 12,054
Foodservice | Beef [Member]      
Disaggregation of Revenue [Line Items]      
Sales 4,940 4,326 3,669
Foodservice | Pork [Member]      
Disaggregation of Revenue [Line Items]      
Sales 516 474 403
Foodservice | Chicken [Member]      
Disaggregation of Revenue [Line Items]      
Sales 6,475 5,566 4,892
Foodservice | Prepared Foods [Member]      
Disaggregation of Revenue [Line Items]      
Sales 3,751 3,311 3,090
Foodservice | Corporate and Other [Member]      
Disaggregation of Revenue [Line Items]      
Sales 0 0 0
International      
Disaggregation of Revenue [Line Items]      
Sales 8,104 6,793 5,833
International | Beef [Member]      
Disaggregation of Revenue [Line Items]      
Sales 3,247 2,720 2,183
International | Pork [Member]      
Disaggregation of Revenue [Line Items]      
Sales 1,180 1,173 1,026
International | Chicken [Member]      
Disaggregation of Revenue [Line Items]      
Sales 1,131 770 642
International | Prepared Foods [Member]      
Disaggregation of Revenue [Line Items]      
Sales 191 140 126
International | Corporate and Other [Member]      
Disaggregation of Revenue [Line Items]      
Sales 2,355 1,990 1,856
Industrial and Other      
Disaggregation of Revenue [Line Items]      
Sales 6,211 4,670 4,481
Industrial and Other | Beef [Member]      
Disaggregation of Revenue [Line Items]      
Sales 2,439 1,719 1,345
Industrial and Other | Pork [Member]      
Disaggregation of Revenue [Line Items]      
Sales 1,616 1,563 1,244
Industrial and Other | Chicken [Member]      
Disaggregation of Revenue [Line Items]      
Sales 1,996 1,217 1,713
Industrial and Other | Prepared Foods [Member]      
Disaggregation of Revenue [Line Items]      
Sales 160 171 179
Industrial and Other | Corporate and Other [Member]      
Disaggregation of Revenue [Line Items]      
Sales 0 0 0
Intersegment Eliminations      
Disaggregation of Revenue [Line Items]      
Sales 0 0 0
Intersegment Eliminations | Beef [Member]      
Disaggregation of Revenue [Line Items]      
Sales 541 455 390
Intersegment Eliminations | Pork [Member]      
Disaggregation of Revenue [Line Items]      
Sales 1,285 1,280 865
Intersegment Eliminations | Chicken [Member]      
Disaggregation of Revenue [Line Items]      
Sales 165 68 52
Intersegment Eliminations | Prepared Foods [Member]      
Disaggregation of Revenue [Line Items]      
Sales 0 0 0
Intersegment Eliminations | Corporate and Other [Member]      
Disaggregation of Revenue [Line Items]      
Sales 0 0 0
Intersegment Eliminations      
Disaggregation of Revenue [Line Items]      
Sales $ (1,991) $ (1,803) $ (1,307)
v3.22.2.2
Segment Reporting (Narrative) (Details)
$ in Millions
 12 Months Ended
Oct. 01, 2022
USD ($)
Segments
Oct. 02, 2021
USD ($)
Oct. 03, 2020
USD ($)
Jul. 03, 2021
USD ($)
Jan. 02, 2021
USD ($)
Segment Reporting Information [Line Items]          
Number of Operating Segments | Segments 4        
Sales $ 53,282 $ 47,049 $ 43,185    
Loss Contingency Accrual 215 567      
Operating Income (Loss) 4,410 4,396 3,008    
UNITED STATES          
Segment Reporting Information [Line Items]          
Long-Lived Assets 25,700 25,100      
UNITED STATES | Long-Lived Assets Excluding Goodwill and Intangibles          
Segment Reporting Information [Line Items]          
Long-Lived Assets 9,500 8,700      
UNITED STATES | Export Sales          
Segment Reporting Information [Line Items]          
Sales 5,800 4,900 $ 4,000    
Non-US          
Segment Reporting Information [Line Items]          
Long-Lived Assets 1,500 1,400      
Non-US | Long-Lived Assets Excluding Goodwill and Intangibles          
Segment Reporting Information [Line Items]          
Long-Lived Assets $ 916 $ 745      
Revenue Benchmark | Customer Concentration Risk | Wal Mart Stores Inc Member          
Segment Reporting Information [Line Items]          
Concentration Risk, Percentage 17.70% 18.30% 18.70%    
Revenue Benchmark | UNITED STATES | Geographic Concentration Risk          
Segment Reporting Information [Line Items]          
Concentration Risk, Percentage 95.00% 95.00% 95.00%    
Revenue Benchmark | Non-US | Geographic Concentration Risk | Maximum          
Segment Reporting Information [Line Items]          
Concentration Risk, Percentage 10.00% 10.00% 10.00%    
Broiler Antitrust Civil Litigation [Member]          
Segment Reporting Information [Line Items]          
Loss Contingency Accrual $ 122 $ 465   $ 545 $ 320
Beef [Member]          
Segment Reporting Information [Line Items]          
Sales 19,854 17,999 $ 15,742    
Pork [Member]          
Segment Reporting Information [Line Items]          
Sales 6,414 6,277 5,128    
Chicken [Member]          
Segment Reporting Information [Line Items]          
Sales 16,961 13,733 13,234    
Prepared Foods [Member]          
Segment Reporting Information [Line Items]          
Sales 9,689 8,853 8,532    
Corporate and Other [Member]          
Segment Reporting Information [Line Items]          
Sales 2,355 1,990 1,856    
Operating Income (Loss) 14 (3) (2)    
Operating Segments [Member] | Beef [Member]          
Segment Reporting Information [Line Items]          
Sales 19,854 17,999 15,742    
Operating Income (Loss) 2,502 3,240 1,580    
Operating Segments [Member] | Pork [Member]          
Segment Reporting Information [Line Items]          
Sales 6,414 6,277 5,128    
Operating Income (Loss) 193 328 565    
Operating Segments [Member] | Chicken [Member]          
Segment Reporting Information [Line Items]          
Sales 16,961 13,733 13,234    
Operating Income (Loss) 955 (625) 122    
Operating Segments [Member] | Prepared Foods [Member]          
Segment Reporting Information [Line Items]          
Sales 9,689 8,853 8,532    
Operating Income (Loss) 746 1,456 743    
Segment Reconciling Items [Member] | Corporate and Other [Member]          
Segment Reporting Information [Line Items]          
Business Combination, Acquisition Related Costs 5 2 5    
Intersegment Eliminations          
Segment Reporting Information [Line Items]          
Sales $ (1,991) (1,803) $ (1,307)    
Sales | Chicken [Member]          
Segment Reporting Information [Line Items]          
Loss Contingency, Loss in Period   $ 545      
v3.22.2.2
Transactions With Related Parties (Details)
shares in Millions
 12 Months Ended
Oct. 01, 2022
USD ($)
shares
Oct. 02, 2021
USD ($)
Oct. 03, 2020
USD ($)
Related Party Transaction [Line Items]      
Operating Lease, Liability $ 495,000,000    
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 7,000,000 $ 7,000,000  
Operating Lease, Liability 3,000,000 3,000,000  
Related Party Transaction, Amounts of Transaction 1,000,000 1,000,000 $ 1,000,000
Tyson Limited Partnership      
Related Party Transaction [Line Items]      
Related Party Transaction, Amounts of Transaction $ 200,000 $ 200,000 $ 200,000
Tyson Limited Partnership | Class B [Member]      
Related Party Transaction [Line Items]      
Tyson Family Ownership Percentage 99.985%    
Related Party Ownership of Shares Outstanding | shares 70.0    
Tyson Limited Partnership | Class A [Member]      
Related Party Transaction [Line Items]      
Related Party Ownership of Shares Outstanding | shares 6.7    
Tyson Limited Partnership And Tyson Family Member      
Related Party Transaction [Line Items]      
Related Party Voting Rights Percentage 71.15%    
Tyson Limited Partnership And Tyson Family Member | Class A [Member]      
Related Party Transaction [Line Items]      
Tyson Family Ownership Percentage 2.27%    
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%    
v3.22.2.2
Commitments (Future Purchase Commitments) (Details)
$ in Millions
Oct. 01, 2022
USD ($)
Guarantor Obligations [Line Items]  
Unrecorded Unconditional Purchase Obligation, to be Paid, Year One $ 342
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two 233
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Three 131
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Four 72
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Five 43
Unrecorded Unconditional Purchase Obligation, to be Paid, after Year Five 109
Unrecorded Unconditional Purchase Obligation $ 930
v3.22.2.2
Commitments (Narrative) (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Guarantor Obligations [Line Items]      
Guarantor Obligations, Current Carrying Value $ 0 $ 0  
Potential maximum obligation under cash flow assistance programs 290    
Total receivables under cash flow assistance programs 6 5  
Cash Flow Assistance Program, Estimated Allowance For Uncollectible Receivables 0 0  
Restricted Cash 0 130 $ 46
Restricted Cash, Noncurrent $ 0 $ 3  
Restricted Cash and Cash Equivalents, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets Other Assets  
Industrial Revenue Bonds [Member]      
Guarantor Obligations [Line Items]      
Fair Value Disclosure, off-Balance-Sheet Risks, Face Amount, Asset $ 709    
Guarantee Obligations [Member]      
Guarantor Obligations [Line Items]      
Guarantor Obligations, Maximum Exposure, Undiscounted $ 0    
v3.22.2.2
Contingencies (Narrative) (Details)
 3 Months Ended 12 Months Ended
Jan. 19, 2021
USD ($)
Dec. 21, 2016
USD ($)
plaintiff
Nov. 29, 2016
USD ($)
plaintiff
Oct. 01, 2022
USD ($)
Jul. 03, 2021
USD ($)
Oct. 01, 2022
USD ($)
Oct. 02, 2021
USD ($)
Dec. 31, 2004
USD ($)
Jan. 02, 2021
USD ($)
Loss Contingencies [Line Items]                  
Loss Contingency Accrual       $ 215,000,000   $ 215,000,000 $ 567,000,000    
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                
Broiler Antitrust Civil Litigation opt-out Plaintiffs - Class Action                  
Loss Contingencies [Line Items]                  
Loss Contingency Accrual         $ 225,000,000        
Broiler Chicken Grower Litigation                  
Loss Contingencies [Line Items]                  
Litigation Settlement, Amount Awarded to Other Party         0        
Republic of the Philippines, Department of Labor and Employment                  
Loss Contingencies [Line Items]                  
Loss Contingency, Damages Awarded, Value     $ 253,000,000         $ 59,000,000  
State Broiler Antitrust Civil Litigation - Washington                  
Loss Contingencies [Line Items]                  
Litigation Settlement, Amount Awarded to Other Party       10,500,000          
Broiler Antitrust Civil Litigation [Member]                  
Loss Contingencies [Line Items]                  
Loss Contingency Accrual       $ 122,000,000 $ 545,000,000 122,000,000 465,000,000   $ 320,000,000
Payments for Legal Settlements           $ 343,000,000 $ 80,000,000    
v3.22.2.2
SEC Schedule, Article 12-09, Valuation and Qualifying Accounts (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Sep. 28, 2019
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 $ 29 $ 25 $ 26 $ 21
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]        
Balance at Beginning and End of Period 29 25 26 21
Charged to Costs and Expenses 6 5 9  
Charged to Other Accounts 0 0 0  
(Deductions) 2 6 4  
Inventory Lower of Cost or Market Allowance [Member]        
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]        
Balance at Beginning and End of Period 60 47 27 34
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]        
Balance at Beginning and End of Period 60 47 27 34
Charged to Costs and Expenses 36 79 102  
Charged to Other Accounts 0 0 0  
(Deductions) 23 59 109  
Valuation Allowance on Deferred Tax Assets [Member]        
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]        
Balance at Beginning and End of Period 195 151 127 86
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]        
Balance at Beginning and End of Period 195 151 127 $ 86
Charged to Costs and Expenses 44 24 35  
Charged to Other Accounts 0 0 13  
(Deductions) $ 0 $ 0 $ 7  
v3.22.2.2
Label Element Value
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $ 484,000,000