TYSON FOODS, INC., 10-Q filed on 2/3/2025
Quarterly Report
v3.25.0.1
Document and Entity Information
 3 Months Ended
Dec. 28, 2024
$ / shares
shares
Document Type 10-Q
Document Quarterly Report true
Document Period End Date Dec. 28, 2024
Document Transition Report false
Entity File Number 001-14704
Entity Registrant Name TYSON FOODS, INC.
Entity Tax Identification Number 71-0225165
Entity Addresses [Line Items] 2200 West Don Tyson Parkway,
Entity Address, City or Town Springdale,
Entity Address, State or Province AR
Entity Address, Postal Zip Code 72762-6999
City Area Code (479)
Local Phone Number 290-4000
Entity Listing, Description Class A Common Stock
Entity Listing, Par Value Per Share | $ / shares $ 0.10
Trading Symbol TSN
Security Exchange Name NYSE
Entity Current Reporting Status Yes
Entity Current Interactive Data Filing Status Yes
Entity Filer Category Large Accelerated Filer
Entity Small Business false
Entity Emerging Growth Company false
Entity Shell Company false
Entity Central Index Key 0000100493
Current Fiscal Year End Date --09-27
Document Fiscal Year Focus 2025
Document Fiscal Period Focus Q1
Amendment Flag false
Entity Incorporation, State or Country Code DE
Class A [Member]  
Entity Common Stock, Shares Outstanding 286,185,368
Class B [Member]  
Entity Common Stock, Shares Outstanding 70,009,005
v3.25.0.1
Consolidated Condensed Statements Of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Revenues $ 13,623 $ 13,319
Cost of Sales 12,528 12,496
Gross Profit 1,095 823
Operating Expenses:    
Selling, General and Administrative 515 592
Operating Income 580 231
Other (Income) Expense:    
Interest income (25) (10)
Interest Expense, Nonoperating 120 105
Other, net 7 (25)
Total Other (Income) Expense 102 70
Income before Income Taxes 478 161
Income Tax Expense 112 47
Net Income 366 114
Less: Net Income Attributable to Noncontrolling Interests 7 7
Net Income Attributable to Tyson $ 359 $ 107
Weighted Average Shares Outstanding:    
Diluted, Shares 357 355
Net Income Per Share Attributable to Tyson:    
Diluted (USD per share) $ 1.01 $ 0.30
Class A [Member]    
Weighted Average Shares Outstanding:    
Basic, Shares 285 284
Net Income Per Share Attributable to Tyson:    
Basic (USD per share) $ 1.03 $ 0.31
Class B [Member]    
Weighted Average Shares Outstanding:    
Basic, Shares 70 70
Net Income Per Share Attributable to Tyson:    
Basic (USD per share) $ 0.93 $ 0.28
v3.25.0.1
Consolidated Condensed Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Other Comprehensive Income (Loss), Net of Taxes:    
Investments $ (2) $ 2
Currency translation (105) 58
Postretirement benefits 0 3
Total Other Comprehensive Income (Loss), Net of Taxes (104) 63
Net Income 366 114
Comprehensive Income 262 177
Less: Comprehensive Income Attributable to Noncontrolling Interests 0 15
Comprehensive Income Attributable to Tyson 262 162
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax $ 3 $ 0
v3.25.0.1
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Dec. 28, 2024
Sep. 28, 2024
Assets    
Cash and cash equivalents $ 2,292 $ 1,717
Accounts receivable, net 2,323 2,406
Inventories 5,114 5,195
Other current assets 353 433
Total Current Assets 10,082 9,751
Net Property, Plant and Equipment 9,353 9,442
Goodwill 9,805 9,819
Intangible Assets, net 5,799 5,875
Other Assets 2,271 2,213
Total Assets 37,310 37,100
Liabilities and Shareholders' Equity    
Current debt 95 74
Accounts payable 2,497 2,402
Other current liabilities 2,188 2,311
Total Current Liabilities 4,780 4,787
Long-Term Debt 9,711 9,713
Deferred Income Taxes 2,283 2,285
Other Liabilities 1,909 1,801
Shareholders' Equity:    
Capital in excess of par value 4,610 4,597
Retained earnings 19,054 18,873
Accumulated other comprehensive gain (loss) (281) (184)
Treasury stock, at cost – 91 million shares at December 28, 2024 and 92 million shares at September 28, 2024 (4,925) (4,941)
Total Tyson Shareholders’ Equity 18,503 18,390
Noncontrolling Interests 124 124
Total Shareholders’ Equity 18,627 18,514
Total Liabilities and Shareholders’ Equity 37,310 37,100
Class A [Member]    
Shareholders' Equity:    
Common stock ($0.10 par value): 38 38
Class B [Member]    
Shareholders' Equity:    
Common stock ($0.10 par value): $ 7 $ 7
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Consolidated Condensed Balance Sheets (Parentheticals) - USD ($)
shares in Millions, $ in Millions
Dec. 28, 2024
Sep. 28, 2024
Treasury Stock, Common, Shares 91 92
Restricted Cash $ 0  
Class A [Member]    
Common stock, par value $ 0.10 $ 0.10
Common stock, shares authorized 900 900
Common stock, shares issued 378 378
Class B [Member]    
Common stock, par value $ 0.10 $ 0.10
Common stock, shares authorized 900 900
Common stock, shares issued 70 70
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Consolidated Condensed Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Capital in Excess of Par Value:
Retained Earnings:
Accumulated Other Comprehensive Income (Loss), Net of Tax:
Treasury Stock, Common
Total Shareholders’ Equity Attributable to Tyson
Equity Attributable to Noncontrolling Interests:
Class B [Member]
Class A [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares         92.0        
Common Stock, Value, Issued               $ 7 $ 38
Balance at beginning of quarter, Common Stock Shares at Sep. 30, 2023               70.0 378.0
Balance at beginning of quarter, Shareholders' Equity Attributable to Tyson at Sep. 30, 2023   $ 4,560 $ 18,760 $ (260) $ (4,972)        
Balance at beginning of quarter, Treasury Stock shares at Sep. 30, 2023         92.0        
Balance at beginning of quarter, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 30, 2023             $ 122    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation and other   (34)     $ 76        
Net income attributable to Tyson $ 107   107            
Dividends     (174)         $ (31) $ (143)
Total Other Comprehensive Income (Loss), Net of Taxes 63     55          
Purchase of Class A common stock, shares         0.0       0.3
Payments for Repurchase of Common Stock         $ (13)       $ (13)
Stock-based compensation, shares         (1.0)        
Net income attributable to noncontrolling interests 7           (7)    
Currency translation and other             1    
Noncontrolling Interest, Increase/(Decrease) from Currency Translation and Other 8                
Balance at end of quarter, Common Stock Shares at Dec. 30, 2023               70.0 378.0
Balance at end of quarter, Shareholders' Equity Attributable to Tyson at Dec. 30, 2023   4,526 18,693 (205) $ (4,909) $ 18,150      
Balance at end of quarter, Treasury Stock shares at Dec. 30, 2023         91.0        
Balance at end of quarter, Shareholders' Equity Attributable to Noncontrolling Interest at Dec. 30, 2023             138    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares         91.0        
Balance at end of quarter, Total Shareholders' Equity $ 18,288                
Common Stock, Value, Issued               $ 7 $ 38
Treasury Stock, Common, Shares 92.0       92.0        
Balance at end of quarter, Total Shareholders' Equity $ 18,514                
Common Stock, Value, Issued               $ 7 $ 38
Balance at beginning of quarter, Common Stock Shares at Sep. 28, 2024               70.0 378.0
Balance at beginning of quarter, Shareholders' Equity Attributable to Tyson at Sep. 28, 2024 $ 18,390 4,597 18,873 (184) $ (4,941)        
Balance at beginning of quarter, Treasury Stock shares at Sep. 28, 2024 92.0       92.0        
Balance at beginning of quarter, Shareholders' Equity Attributable to Noncontrolling Interest at Sep. 28, 2024 $ 124           124    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation and other   13     $ 31        
Net income attributable to Tyson 359   359            
Dividends     (178)         $ (32) $ (146)
Total Other Comprehensive Income (Loss), Net of Taxes (104)     (97)          
Purchase of Class A common stock, shares         0.0       0.3
Payments for Repurchase of Common Stock         $ (15)       $ (15)
Stock-based compensation, shares         (1.0)        
Net income attributable to noncontrolling interests 7           (7)    
Currency translation and other             0    
Noncontrolling Interest, Increase/(Decrease) from Currency Translation and Other (7)                
Balance at end of quarter, Common Stock Shares at Dec. 28, 2024               70.0 378.0
Balance at end of quarter, Shareholders' Equity Attributable to Tyson at Dec. 28, 2024 $ 18,503 $ 4,610 $ 19,054 $ (281) $ (4,925) $ 18,503      
Balance at end of quarter, Treasury Stock shares at Dec. 28, 2024 91.0       91.0        
Balance at end of quarter, Shareholders' Equity Attributable to Noncontrolling Interest at Dec. 28, 2024 $ 124           $ 124    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares 91.0       91.0        
Balance at end of quarter, Total Shareholders' Equity $ 18,627                
Common Stock, Value, Issued               $ 7 $ 38
v3.25.0.1
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Sep. 30, 2023
Cash Flows From Investing Activities:      
Additions to property, plant and equipment $ (271) $ (354)  
Purchases of marketable securities (15) (7)  
Proceeds from sale of marketable securities 16 6  
Payments to Acquire Equity Method Investments (2) (26)  
Other, net 39 3  
Cash Used for Investing Activities (233) (378)  
Cash Flows From Operating Activities:      
Net Income 366 114  
Depreciation and amortization 348 373  
Deferred income taxes (2) (14)  
Other, net 78 129  
Net changes in operating assets and liabilities 241 698  
Cash Provided by Operating Activities 1,031 1,300  
Cash Flows From Financing Activities:      
Proceeds from issuance of debt 22 771  
Repayments of Debt and Lease Obligation 42 32  
Proceeds from issuance of commercial paper 0 1,649  
Repayments of Commercial Paper 0 (2,240)  
Dividends (175) (171)  
Stock options exercised 15 7  
Other, net 0 3  
Cash Used for Financing Activities (195) (26)  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2,292 1,484 $ 573
Cash and cash equivalents 2,292 1,484  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 575 911  
Restricted Cash 0 0  
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (28) 15  
Other Noncash Income (Expense) (78) (129)  
Class A [Member]      
Cash Flows From Financing Activities:      
Purchases of Tyson Class A common stock (15) (13)  
Payments for Repurchase of Common Stock $ 15 $ 13  
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Other Comprehensive Income (Loss)
 3 Months Ended
Dec. 28, 2024
Statement of Comprehensive Income [Abstract]  
Other Comprehensive Income (Loss) OTHER COMPREHENSIVE INCOME (LOSS)
The before and after-tax changes in the components of other comprehensive income (loss) are as follows (in millions):
Three Months Ended
December 28, 2024December 30, 2023
Before TaxTaxAfter TaxBefore TaxTaxAfter Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to interest expense$1 $— $1 $— $— $— 
(Gain) loss reclassified to cost of sales11 (3)8 — — — 
Unrealized gain (loss)(8)2 (6)— — — 
Investments:
Unrealized gain (loss)(2)— (2)2 — 2 
Currency translation:
Translation adjustment(a)
(112)4 (108)59 (1)58 
Translation loss reclassified to cost of sales3 — 3 — — — 
Postretirement benefits:
Unrealized gain (loss)— — — 4 (1)3 
Total other comprehensive income (loss)$(107)$3 $(104)$65 $(2)$63 
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Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Dec. 28, 2024
Statement of Comprehensive Income [Abstract]  
Components Of Other Comprehensive Income (Loss) OTHER COMPREHENSIVE INCOME (LOSS)
The before and after-tax changes in the components of other comprehensive income (loss) are as follows (in millions):
Three Months Ended
December 28, 2024December 30, 2023
Before TaxTaxAfter TaxBefore TaxTaxAfter Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to interest expense$1 $— $1 $— $— $— 
(Gain) loss reclassified to cost of sales11 (3)8 — — — 
Unrealized gain (loss)(8)2 (6)— — — 
Investments:
Unrealized gain (loss)(2)— (2)2 — 2 
Currency translation:
Translation adjustment(a)
(112)4 (108)59 (1)58 
Translation loss reclassified to cost of sales3 — 3 — — — 
Postretirement benefits:
Unrealized gain (loss)— — — 4 (1)3 
Total other comprehensive income (loss)$(107)$3 $(104)$65 $(2)$63 
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Other Comprehensive Income (Loss) (Components Of Other Comprehensive Income (Loss)) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Other Comprehensive Income Loss [Line Items]    
Total Other Comprehensive Income (Loss), Before Tax $ (107) $ 65
Total Other Comprehensive Income (Loss), Tax 3 (2)
Total Other Comprehensive Income (Loss), Net of Taxes (104) 63
Currency translation (105) 58
Commodity contracts | Cash Flow Hedging [Member]    
Other Comprehensive Income Loss [Line Items]    
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax (8) 0
Derivatives accounted for as cash flow hedges:    
Other Comprehensive Income Loss [Line Items]    
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax (8) 0
Other Comprehensive Income (Loss), Before Reclassifications, Tax 2 0
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax (6) 0
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 0
Reclassification from AOCI, Current Period, Tax 0 0
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 1 0
Derivatives accounted for as cash flow hedges: | Cost of Sales    
Other Comprehensive Income Loss [Line Items]    
Reclassification from Accumulated Other Comprehensive Income, Before Tax 11 0
Reclassification from AOCI, Current Period, Tax (3) 0
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 8 0
Investments:    
Other Comprehensive Income Loss [Line Items]    
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax (2) 2
Other Comprehensive Income (Loss), Before Reclassifications, Tax 0 0
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax (2) 2
Currency translation:    
Other Comprehensive Income Loss [Line Items]    
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax (112) 59
Other Comprehensive Income (Loss), Before Reclassifications, Tax 4 (1)
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax (108) 58
Currency translation: | Cost of Sales    
Other Comprehensive Income Loss [Line Items]    
Reclassification from Accumulated Other Comprehensive Income, Before Tax 3 0
Reclassification from AOCI, Current Period, Tax 0 0
Reclassification from Accumulated Other Comprehensive Income, Net of Tax 3 0
Postretirement benefits:    
Other Comprehensive Income Loss [Line Items]    
Other Comprehensive Income (Loss), Before Reclassifications, Before Tax 0 4
Other Comprehensive Income (Loss), Before Reclassifications, Tax 0 (1)
Other Comprehensive Income (Loss), Before Reclassifications, Net of Tax 0 3
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest    
Other Comprehensive Income Loss [Line Items]    
Currency translation $ (7) $ 8
v3.25.0.1
Accounting Policies
 3 Months Ended
Dec. 28, 2024
Policy Text Block [Abstract]  
Accounting Policies ACCOUNTING POLICIES
Basis of Presentation
The consolidated condensed financial statements are unaudited and have been prepared by Tyson Foods, Inc. (“Tyson,” “the Company,” “we,” “us” or “our”). Certain information and accounting policies and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Although we believe the disclosures contained herein are adequate to make the information presented not misleading, these consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 28, 2024. Preparation of consolidated condensed financial statements requires us to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
We believe the accompanying consolidated condensed financial statements contain all adjustments, which are of a normal recurring nature necessary to state fairly our financial position as of December 28, 2024 and the results of operations for the three months ended December 28, 2024 and December 30, 2023. Results of operations and cash flows for the periods presented are not necessarily indicative of results to be expected for the full year.
Consolidation
The consolidated condensed financial statements include the accounts of all wholly-owned subsidiaries, as well as majority-owned subsidiaries over which we exercise control and, when applicable, entities for which we have a controlling financial interest or variable interest entities for which we are the primary beneficiary. All significant intercompany accounts and transactions have been eliminated in consolidation.
Goodwill and Intangible Assets
Goodwill and indefinite life intangible assets are initially recorded at fair value and not amortized, but are reviewed for impairment at least annually or more frequently if impairment indicators arise. Our goodwill and indefinite life intangible assets are evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative test is necessary. If it is determined, based on qualitative factors, the fair value of the reporting unit or indefinite life intangible asset may more likely than not be less than the carrying amount, or if significant changes to macro-economic factors have occurred that could materially impact fair value, a quantitative impairment test would be required. The quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit or indefinite life intangible asset with its carrying amount. If the carrying amount of the reporting unit or indefinite life intangible asset exceeds the fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the carrying amount of goodwill or the indefinite life intangible asset.
Our qualitative assessment for the first quarter of fiscal 2025 did not indicate that it was more likely than not the fair value of any of our reporting units or indefinite life intangible assets was less than the carrying amount, and as such, no quantitative test was deemed necessary. We consider reporting units and indefinite life intangible assets that have 20% or less excess fair value over carrying amount to have a heightened risk of impairment. The following reporting units and indefinite life intangible asset were considered at heightened risk of impairment as of the date of the most recent estimated fair value determination, which was in the fourth quarter of fiscal 2024: our Chicken segment reporting units and our Beef reporting unit with goodwill totaling $3.0 billion and $0.3 billion, respectively, and one Prepared Foods brand with a carrying value of $0.5 billion.
Some of the inherent estimates and assumptions used in determining fair value of the reporting units and indefinite life intangible assets are outside the control of management, including interest rates, cost of capital, tax rates, market EBITDA comparables and credit ratings. While we believe we have made reasonable estimates and assumptions to calculate the fair value of the reporting units, it is possible a material change could occur. If our actual results are not consistent with our estimates and assumptions used to calculate fair value, it could result in material impairments of our goodwill or indefinite life intangible assets.
Use of Estimates
The consolidated condensed financial statements are prepared in conformity with accounting principles generally accepted in the United States, which require us to make estimates and assumptions that affect the amounts reported in the consolidated condensed financial statements and accompanying notes. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements
In November 2024, the FASB issued authoritative guidance to disclose certain additional expense information including, among other items, purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each Consolidated Statement of Income expense caption. The guidance is effective for annual reporting periods beginning after December 15, 2026, our fiscal 2028, and interim reporting periods within fiscal years beginning after December 15, 2027, our fiscal 2029. Amendments can be applied using either the prospective or the retrospective approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In March 2024, the SEC issued a final rule that will require registrants to provide certain climate-related information in their registration statements and annual reports. The rule is effective for annual reporting periods beginning in 2025, our fiscal 2026, and will be applied prospectively. However, the SEC has issued a stay on the final rule due to legal challenges, and the effective date has been delayed indefinitely. We are currently evaluating the impact this guidance will have on our consolidated financial statements.
In December 2023, the Financial Accounting Standards Board (the "FASB") issued authoritative guidance to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The guidance is effective for annual reporting periods beginning after December 15, 2024, our fiscal 2026 and will be applied prospectively. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In November 2023, the FASB issued authoritative guidance to improve the disclosures about a public entity's reportable segments and address requests from investors for additional, more detailed information about a reportable segment's expenses. The guidance is effective for annual reporting periods beginning after December 15, 2023, our fiscal 2025, and interim reporting periods within fiscal years beginning after December 15, 2024, our fiscal 2026. Amendments will be applied retrospectively to all prior periods presented in the financial statements. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In March 2023, the FASB issued authoritative guidance intended to address issues related to arrangements between entities under common control such as terms and conditions an entity should consider for determining whether a lease exists and the classification and accounting for that lease as well as accounting for leasehold improvements associated with leases between entities under common control. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2023, our fiscal 2025 and can be applied using either the prospective or retrospective approach. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.
In September 2022, the FASB issued guidance that requires additional disclosures for supplier finance programs to allow users to better understand the nature, activity and potential magnitude of the programs. The guidance, except for a requirement for rollforward information, is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2022, our fiscal 2024. Disclosure of rollforward information is effective for fiscal years beginning after December 15, 2023, our fiscal 2025. Early adoption is permitted and the retrospective transition method should be applied for all amendments except rollforward information, which should be applied prospectively. We elected to early adopt the initial disclosure requirement for the fiscal year ended September 30, 2023, and it did not have a material impact on our consolidated financial statements.
v3.25.0.1
Inventories
 3 Months Ended
Dec. 28, 2024
Inventory Disclosure [Abstract]  
Inventories INVENTORIES
Processed products, livestock and supplies and other are valued at the lower of cost or net realizable value. Cost includes purchased raw materials, live purchase costs, growout costs (primarily feed, livestock grower pay and catch and haul costs), labor and manufacturing and production overhead, which are related to the purchase and production of inventories. At December 28, 2024, the cost of inventories was determined by either the first-in, first-out method or the weighted-average method, which is consistent with the methods used at September 28, 2024. Inventories are presented net of lower of cost or net realizable value adjustments of $112 million and $115 million as of December 28, 2024 and September 28, 2024, respectively.
The following table reflects the major components of inventory (in millions):
December 28, 2024September 28, 2024
Processed products$2,775 $2,897 
Livestock1,496 1,460 
Supplies and other843 838 
Total inventory$5,114 $5,195 
v3.25.0.1
Property, Plant And Equipment
 3 Months Ended
Dec. 28, 2024
Property, Plant and Equipment, Net [Abstract]  
Property, Plant And Equipment
The major categories of property, plant and equipment and accumulated depreciation are as follows (in millions): 
December 28, 2024September 28, 2024
Land$217 $220 
Buildings and leasehold improvements6,978 6,981 
Machinery and equipment11,544 11,457 
Land improvements and other596 600 
Buildings and equipment under construction721 705 
20,056 19,963 
Less accumulated depreciation10,703 10,521 
Net Property, Plant and Equipment$9,353 $9,442 
v3.25.0.1
Restructuring and Related Charges
 3 Months Ended
Dec. 28, 2024
Restructuring and Related Activities [Abstract]  
Restructuring and Related Charges RESTRUCTURING AND RELATED CHARGES
Network Optimization Plan
In the first quarter of fiscal 2025, the Company initiated a network optimization plan to optimize our global operations. We are reporting on actions approved through the end of the first quarter of fiscal 2025, including the estimated amounts for each major category of costs, as we are currently unable to make an estimate of the cost of the entire network optimization plan. As of December 28, 2024, we expect to incur $93 million of charges related to actions approved to date, which include an estimated $39 million of cash charges and $54 million of non-cash charges. We recognized charges of $73 million in the first quarter of fiscal 2025, which primarily included the closure of two facilities in the Prepared Foods segment, a non-harvesting facility closure in the Beef segment and asset write-offs in the Chicken segment and International/Other. These charges included $29 million that have resulted or will result in cash outflows and $44 million of non-cash. We expect to incur costs related to the network optimization plan over a multi-year period.

The following table reflects pretax expenses related to the network optimization plan in the first quarter of fiscal 2025 (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Cost of Sales:
Severance and related costs$5 $— $2 $2 $— $9 
Accelerated depreciation23 — — — — 23 
Asset write-offs3 — 7 23 5 38 
Other1 — — — — 1 
Total Cost of Sales$32 $— $9 $25 $5 $71 
Selling, General and Administrative:
Severance and related costs— — 2 — — 2 
Total Selling, General and Administrative$— $— $2 $— $— $2 
Total$32 $— $11 $25 $5 $73 
As of December 28, 2024 there was $36 million of network optimization plan liability.
Plant Closures and Disposals
During the first quarter of fiscal 2024, to optimize asset utilization, the Company approved the closure of two case ready value-added plants in our Beef segment located in Columbia, South Carolina and Jacksonville, Florida. We shifted production to other facilities and ceased operations at both plants during the first quarter of fiscal 2024.
As a result of the plant closures and disposals, we recorded $75 million of charges in the first quarter of fiscal 2024, primarily related to accelerated depreciation, severance, retention and related costs. The charges are reflected in the Consolidated Condensed Statements of Income in Cost of Sales. Included in the results for the first three months of fiscal 2024 are $6 million of charges that have resulted or will result in cash outflows and $69 million of non-cash charges.
The following table reflects our liability related to plant closures as of December 28, 2024 (in millions):
Balance at September 28, 2024Plant Closure ChargesPaymentsBalance at December 28, 2024
Contract termination$98 $— $(8)$90 
Severance and retention5 — (3)2 
Total$103 $— $(11)$92 
During the first quarter of fiscal 2024, we experienced a fire at a production facility in the Netherlands which is included in International/Other for segment presentation, and subsequently approved the sale of the facility. For the first quarter of fiscal 2024, these charges totaled $26 million, primarily related to property, plant and equipment impairments, inventory write-offs and clean-up costs. The charges are reflected in the Consolidated Condensed Statements of Income in Cost of Sales and, for the first three months of fiscal 2024, included $2 million of charges that resulted in cash outflows and $24 million of non-cash charges.
We continue to strategically evaluate optimization of such items as network capacity, manufacturing efficiencies and business technology. If we have a significant change in strategies, outlook, or a manner in which we plan to use these assets, we may experience future charges.
v3.25.0.1
Other Current Liabilities
 3 Months Ended
Dec. 28, 2024
Other Liabilities, Current [Abstract]  
Other Current Liabilities
Other current liabilities are as follows (in millions):
December 28, 2024September 28, 2024
Accrued salaries, wages and benefits$654 $912 
Taxes payable300 210 
Accrued current legal contingencies328 349 
Other906 840 
Total other current liabilities$2,188 $2,311 
v3.25.0.1
Debt
 3 Months Ended
Dec. 28, 2024
Debt Instruments [Abstract]  
Debt DEBT
The major components of debt are as follows (in millions):
December 28, 2024September 28, 2024
Revolving credit facility$— $— 
Commercial paper— — 
Senior notes:
4.00% Notes due March 2026 (“2026 Notes”)800 800 
3.55% Notes due June 20271,350 1,350 
7.00% Notes due January 202818 18 
4.35% Notes due March 2029 (“2029 Notes”)1,000 1,000 
5.40% Notes due March 2029 ("5.40% 2029 Notes")600 600 
6.13% Notes due November 2032157 157 
5.70% Notes due March 2034 ("5.70% 2034 Notes")900 900 
4.88% Notes due August 2034500 500 
5.15% Notes due August 2044500 500 
4.55% Notes due June 2047750 750 
5.10% Notes due September 2048 (“2048 Notes”)1,500 1,500 
Discount on senior notes(36)(36)
Term loans:
Term loan facility due May 2026 (5.72% at December 28, 2024)750 750 
Term loan facility due May 2028 (6.30% at December 28, 2024)750 750 
Finance Leases144 126 
Other168 168 
Unamortized debt issuance costs(45)(46)
Total debt9,806 9,787 
Less current debt95 74 
Total long-term debt$9,711 $9,713 
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 December 28, 2024, amounts available for borrowing under this facility totaled $2.25 billion and we had no outstanding borrowings and no outstanding letters of credit issued under this facility. At December 28, 2024 we had $86 million of bilateral letters of credit issued separately from the revolving credit facility, none of which were drawn upon. Our letters of credit are issued primarily in support of workers’ compensation insurance programs and other legal obligations. In the future, if any of our subsidiaries shall guarantee any of our material indebtedness, such subsidiary shall be required to guarantee the indebtedness, obligations and liabilities under this facility.
Commercial Paper Program
We have a commercial paper program under which we may issue unsecured short-term promissory notes up to an aggregate maximum principal amount of $1.5 billion. As of December 28, 2024, we had no commercial paper outstanding. Our ability to access commercial paper in the future may be limited or its costs increased.
5.40% 2029 Notes/5.70% 2034 Notes
In March 2024, we issued senior unsecured notes with an aggregate principal amount of $1.5 billion, consisting of $600 million due March 2029 ("5.40% 2029 Notes") and $900 million due March 2034 ("5.70% 2034 Notes"). A portion of the net proceeds from the issuances were used to repay $250 million of the amount outstanding under our term loan facility due May 2026, and we used the remainder of the proceeds to retire the August 2024 notes. Interest payments on the 5.40% 2029 Notes and 5.70% 2034 Notes are due semi-annually on March 15 and September 15, beginning September 15, 2024. After the original issue discounts of $3 million, we received net proceeds of $1,497 million and incurred debt issuance costs of $14 million related to the issuances.
Term Loan Facilities
We have a $750 million term loan facility that matures in May 2026 and a $750 million term loan facility that matures in May 2028. In the first quarter of fiscal 2024, we borrowed the full $750 million available under the loan facility that matures in May 2028 and used it to repay $592 million of outstanding commercial paper obligations. Both term loans may be prepaid under certain conditions and contain covenants that are similar to those contained in the revolving credit facility. On January 29, 2025, subsequent to the end of our first quarter of fiscal 2025, we repaid the $750 million term loan that matures in May 2026 using cash on hand.
Debt Covenants
Our revolving credit and term loan facilities contain affirmative and negative covenants that, among other things, may limit or restrict our ability to: create liens and encumbrances; incur debt; merge, dissolve, liquidate or consolidate; make acquisitions and investments; dispose of or transfer assets; change the nature of our business; engage in certain transactions with affiliates; and enter into hedging transactions, in each case, subject to certain qualifications and exceptions. In addition, we are required to maintain a minimum interest expense coverage ratio.
Our senior notes also contain affirmative and negative covenants that, among other things, may limit or restrict our ability to: create liens; engage in certain sale/leaseback transactions; and engage in certain consolidations, mergers and sales of assets.
We were in compliance with all debt covenants at December 28, 2024.
v3.25.0.1
Equity
 3 Months Ended
Dec. 28, 2024
Equity [Abstract]  
Equity EQUITY
Share Repurchases
As of December 28, 2024, 7.3 million shares remained available for repurchase under the Company's share repurchase program. The program has no fixed or scheduled termination date, and the timing and extent to which we repurchase shares will depend upon, among other things, our working capital needs, markets, industry conditions, liquidity targets, limitations under our debt obligations and regulatory requirements. In addition to the share repurchase program, we purchase shares on the open market to fund certain obligations under our equity compensation plans. A summary of share repurchases of our Class A stock is as follows (in millions):
Three Months Ended
December 28, 2024December 30, 2023
SharesDollarsSharesDollars
Shares repurchased:
Under share repurchase program— $— — $— 
To fund certain obligations under equity compensation plans0.3 15 0.3 13 
Total share repurchases0.3 $15 0.3 $13 
v3.25.0.1
Income Taxes
 3 Months Ended
Dec. 28, 2024
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Our effective tax rate was 23.5% and 29.4% for the first quarter of fiscal 2025 and 2024, respectively. The effective tax rates for the first quarter of fiscal 2025 and 2024 are higher than the federal statutory tax rate primarily due to state taxes and net unfavorable permanent book-to-tax differences, partially offset by various tax benefits. Additionally, the effective tax rate for the first quarter of fiscal 2025 was decreased by the release of a $9 million valuation allowance on losses related to a production facility fire in the Netherlands and our subsequent decision to sell the facility. The release of the valuation allowance was due to newly enacted tax legislation in the Netherlands.
Unrecognized tax benefits were $154 million and $151 million at December 28, 2024 and September 28, 2024, respectively.
In December 2021, we received an assessment from the Mexican tax authorities related to the 2015 sale of our direct and indirect equity interests in subsidiaries which held our Mexico operations. The assessment totals approximately $448 million (9.0 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.
v3.25.0.1
Earnings Per Share
 3 Months Ended
Dec. 28, 2024
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share data): 
Three Months Ended
December 28, 2024December 30, 2023
Numerator:
Net income$366 $114 
Less: Net income attributable to noncontrolling interests7 7 
Net income attributable to Tyson359 107 
Less dividends declared:
Class A 146 143 
Class B 32 31 
Undistributed earnings (losses)$181 $(67)
Class A undistributed earnings (losses)$148 $(55)
Class B undistributed earnings (losses)33 (12)
Total undistributed earnings (losses)$181 $(67)
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares285 284 
Class B weighted average shares70 70 
Denominator for diluted earnings per share:
Class A weighted average shares285 284 
Class B weighted average shares under the if-converted method for diluted earnings per share70 70 
Effect of dilutive securities: Stock options, restricted stock and performance units2 1 
Denominator for diluted earnings per share – weighted average shares and assumed conversions357 355 
Net income per share attributable to Tyson:
Class A basic$1.03 $0.31 
Class B basic$0.93 $0.28 
Diluted$1.01 $0.30 
Dividends Declared Per Share:
Class A$0.510 $0.500 
Class B$0.459 $0.450 
Approximately 5 million and 7 million of our stock-based compensation shares were antidilutive for the three months ended December 28, 2024 and December 30, 2023, respectively. These shares were not included in the diluted earnings per share calculation.
We have two classes of capital stock, Class A stock and Class B stock. Cash dividends cannot be paid to holders of Class B stock unless they are simultaneously paid to holders of Class A stock. The per share amount of cash dividends paid to holders of Class B stock cannot exceed 90% of the cash dividends paid to holders of Class A stock.
We allocate undistributed earnings (losses) based upon a 1.0 to 0.9 ratio per share to Class A stock and Class B stock, respectively. We allocate undistributed earnings based on this ratio due to historical dividend patterns, voting control of Class B shareholders and contractual limitations of dividends to Class B stock.
v3.25.0.1
Derivative Financial Instruments
 3 Months Ended
Dec. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments DERIVATIVE FINANCIAL INSTRUMENTS
Our business operations give rise to certain market risk exposures mostly due to changes in commodity prices, foreign currency exchange rates and interest rates. We manage a portion of these risks through the use of derivative financial instruments to reduce our exposure to commodity price risk, foreign currency risk and interest rate risk. Our risk management programs are periodically reviewed by our Board of Directors’ Audit Committee. These programs and risks are monitored by senior management and may be revised as market conditions dictate. Our current risk management programs utilize various industry-standard models that take into account the implicit cost of hedging. Credit risks associated with our derivative contracts are not significant as we minimize counterparty exposure by dealing with credit-worthy counterparties and utilizing exchange traded instruments, margin accounts or letters of credit. Additionally, our derivative contracts are mostly short-term in duration and we generally do not make use of credit-risk-related contingent features. No significant concentrations of credit risk existed at December 28, 2024.
We had the following net aggregated outstanding notional amounts related to our derivative financial instruments:
in millions, except soybean meal tonsMetricDecember 28, 2024September 28, 2024
Commodity:
CornBushels87 29 
Soybean MealTons1,222,400 623,400 
Live CattlePounds164 136 
Lean HogsPounds363 351 
Foreign CurrencyUnited States dollar$215 $245 
We recognize all derivative instruments as either assets or liabilities at fair value in the Consolidated Condensed Balance Sheets, with the exception of normal purchases and normal sales expected to result in physical delivery. For those derivative instruments that are designated and qualify as hedging instruments, we designate the hedging instrument based upon the exposure being hedged (e.g., cash flow hedge or fair value hedge). We designate certain forward contracts as follows:
•Cash Flow Hedges – include certain commodity forward and option contracts of forecasted purchases (e.g., grains), interest rate swaps and locks and certain foreign exchange forward contracts
•Fair Value Hedges – include certain commodity forward contracts of firm commitments (e.g., livestock)
Cash Flow Hedges
Derivative instruments are designated as hedges against changes in the amount of future cash flows related to procurement of certain commodities utilized in our production processes as well as interest rates to our variable rate debt. For the derivative instruments we designate and qualify as a cash flow hedge, the gain or loss on the derivative is reported as a component of other comprehensive income (“OCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Based on market prices as of December 28, 2024, we have net pretax losses of $5 million for our commodity contracts, which are expected to be reclassified into earnings within the next twelve months. Additionally, we have $10 million of realized losses related to treasury rate locks in connection with the issuance of the 2026, 2029 and 2048 Notes, which will be reclassified to earnings over the lives of these notes. During the three months ended December 28, 2024 and December 30, 2023, we did not reclassify significant pretax gains or losses into earnings as a result of the discontinuance of cash flow hedges. The following table sets forth the pretax impact of cash flow hedge derivative instruments recognized in Other Comprehensive Income (in millions):
Three Months Ended
Gain (Loss) Recognized in OCI on DerivativesDecember 28, 2024December 30, 2023
Cash flow hedge - derivatives designated as hedging instruments:
Commodity contracts$(8)$— 
Fair Value Hedges
We designate certain derivative contracts as fair value hedges of firm commitments to purchase livestock for harvest. Our objective of these hedges is to minimize the risk of changes in fair value created by fluctuations in commodity prices associated with fixed price livestock firm commitments. For these derivative instruments we designate and qualify as a fair value hedge, the gain or loss on the derivative, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are recognized in earnings in the same period. We include the gain or loss on the hedged items (e.g., livestock purchase firm commitments) in the same line item, Cost of Sales, as the offsetting gain or loss on the related livestock forward position. Ineffectiveness related to fair value hedges was not significant for the three months ended December 28, 2024, and December 30, 2023. The following table sets forth the carrying amount of fair value hedge (assets) liabilities as of December 28, 2024 and September 28, 2024 (in millions):
Consolidated Condensed Balance Sheets ClassificationDecember 28, 2024September 28, 2024
Inventory$16 $(3)
Undesignated Positions
In addition to our designated positions, we also hold derivative contracts for which we do not apply hedge accounting. These include certain derivative instruments related to commodities price risk, including grains, livestock, energy and foreign currency risk. We mark these positions to fair value through earnings at each reporting date.
Reclassification to Earnings
The following table sets forth the total amounts of each income and expense line item presented in the Consolidated Condensed Statements of Income in which the effects of hedges are recorded (in millions):
Consolidated Condensed Statements of Income ClassificationThree Months Ended
December 28, 2024December 30, 2023
Cost of Sales$12,528 $12,496 
Interest Expense120 105 
Other, net7 (25)
The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Condensed Statements of Income (in millions):
Consolidated Condensed Statements of Income ClassificationThree Months Ended
December 28, 2024December 30, 2023
Cost of SalesGain (Loss) on cash flow hedges reclassified from OCI to earnings:
Commodity contracts $(11)$— 
Gain (Loss) on fair value hedges:
Commodity contracts (a)(4)(1)
Gain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts8 (4)
Total$(7)$(5)
Interest ExpenseGain (Loss) on cash flow hedges reclassified from OCI to earnings:
Interest rate contracts$(1)$— 
Other, netGain (Loss) on derivatives not designated as hedging instruments:
Foreign exchange contracts$8 $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 Condensed Balance Sheets are included in Note 11: Fair Value Measurements.
v3.25.0.1
Fair Value Measurements
 3 Months Ended
Dec. 28, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements FAIR VALUE MEASUREMENTS
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The fair value hierarchy contains three levels as follows:
Level 1 — Unadjusted quoted prices available in active markets for the identical assets or liabilities at the measurement date.
Level 2 — Other observable inputs available at the measurement date, other than quoted prices included in Level 1, either directly or indirectly, including:
•Quoted prices for similar assets or liabilities in active markets;
•Quoted prices for identical or similar assets in non-active markets;
•Inputs other than quoted prices that are observable for the asset or liability; and
•Inputs derived principally from or corroborated by other observable market data.
Level 3 — Unobservable inputs that cannot be corroborated by observable market data and reflect the use of significant management judgment. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions.
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The fair value hierarchy requires the use of observable market data when available. In instances where the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input significant to the fair value measurement in its entirety. Our assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.
The following tables set forth by level within the fair value hierarchy our financial assets and liabilities accounted for at fair value on a recurring basis according to the valuation techniques we used to determine their fair values (in millions): 
December 28, 2024Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $10 $— $(1)$9 
Undesignated — 75 — (5)70 
Available-for-sale securities (current)— 1 — — 1 
Other Assets:
Available-for-sale securities (non-current)— 84 25 — 109 
Deferred compensation assets26 452 — — 478 
Total assets$26 $622 $25 $(6)$667 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $31 $— $(31)$— 
Undesignated — 38 — (30)8 
Total liabilities$— $69 $— $(61)$8 
September 28, 2024Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $15 $— $(2)$13 
Undesignated — 79 — 2 81 
Available-for-sale securities (current)— 10 — — 10 
Other Assets:
Available-for-sale securities (non-current)— 75 28 — 103 
Deferred compensation assets22 461 — — 483 
Total assets$22 $640 $28 $— $690 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $19 $— $(19)$— 
Undesignated — 71 — (35)36 
Total liabilities$— $90 $— $(54)$36 
(a) Our derivative assets and liabilities are presented in our Consolidated Condensed Balance Sheets on a net basis when a legally enforceable master netting arrangement exists between the counterparty to a derivative contract and us. Additionally, at December 28, 2024, and September 28, 2024, we had $55 million and $54 million, respectively, of net cash collateral with various counterparties where master netting arrangements exist and held no cash collateral.
The following table provides a reconciliation between the beginning and ending balance of marketable debt securities measured at fair value on a recurring basis in the table above that used significant unobservable inputs (Level 3) (in millions): 
Three Months Ended
December 28, 2024December 30, 2023
Balance at beginning of year$28 $30 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)— — 
Purchases— 1 
Issuances— — 
Settlements(3)(1)
Balance at end of period$25 $30 
Total gains (losses) for the three month period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at end of period
$— $— 
The following methods and assumptions were used to estimate the fair value of each class of financial instrument:
Derivative Assets and Liabilities
Our derivative financial instruments primarily include exchange-traded and over-the-counter contracts which are further described in Note 10: Derivative Financial Instruments. We record our derivative financial instruments at fair value using quoted market prices, adjusted where necessary for credit and non-performance risk and internal models that use readily observable market inputs as their basis, including current and forward market prices and rates. We classify these instruments in Level 2 when quoted market prices can be corroborated utilizing observable current and forward commodity market prices on active exchanges or observable market transactions.
Available-for-Sale Securities
Our investments in marketable debt securities are classified as available-for-sale and are reported at fair value based on pricing models and quoted market prices adjusted for credit and non-performance risk. Short-term investments with maturities of less than 12 months are included in Other current assets in the Consolidated Condensed Balance Sheets. All other marketable debt securities are included in Other Assets in the Consolidated Condensed Balance Sheets and have maturities ranging up to 45 years.
We classify our investments in U.S. government, U.S. agency, certificates of deposit and commercial paper debt securities as Level 2 as fair value is generally estimated using discounted cash flow models that are primarily industry-standard models that consider various assumptions, including time value and yield curve as well as other readily available relevant economic measures. We classify certain corporate, asset-backed and other debt securities as Level 3 as there is limited activity or less observable inputs into valuation models, including current interest rates and estimated prepayment, default and recovery rates on the underlying portfolio or structured investment vehicle. Significant changes to assumptions or unobservable inputs in the valuation of our Level 3 instruments would not have a significant impact to our consolidated condensed financial statements.
The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):
December 28, 2024September 28, 2024
Amortized
Cost Basis		Fair
Value		Unrealized
Gain (Loss)		Amortized
Cost Basis		Fair
Value		Unrealized
Gain (Loss)
Available-for-sale securities:
Debt securities:
U.S. treasury and agency$88 $85 $(3)$86 $85 $(1)
Corporate and asset-backed25 25 — 28 28 — 
Unrealized holding gains (losses), net of tax, are excluded from earnings and reported in OCI until the security is settled or sold. On a quarterly basis, we evaluate whether losses related to our available-for-sale securities are due to credit or non-credit factors. Losses on debt securities where we have the intent, or will more than likely be required, to sell the security prior to recovery, would be recorded as a direct write-off of amortized cost basis through earnings. Losses on debt securities where we do not have the intent, or would not more than likely be required to sell the security prior to recovery, would be further evaluated to determine whether the loss is credit or non-credit related. Credit-related losses would be recorded through an allowance for credit losses through earnings and non-credit related losses through OCI.
We consider many factors in determining whether a loss is credit-related, including the financial condition and near-term prospects of the issuer, borrower repayment characteristics for asset-backed securities, and our ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery. We recognized no direct write-offs or allowances for credit losses in earnings for the three months ended December 28, 2024, and December 30, 2023.
Deferred Compensation Assets
We maintain non-qualified deferred compensation plans for certain executives and other highly compensated team members. Investments are generally maintained within a trust and include money market funds, mutual funds and life insurance policies. The cash surrender value of the life insurance policies is invested primarily in mutual funds. The investments are recorded at fair value based on quoted market prices and are included in Other Assets in the Consolidated Condensed Balance Sheets. We classify the investments which have observable market prices in active markets in Level 1 as these are generally publicly-traded mutual funds. The remaining deferred compensation assets are classified in Level 2, as fair value can be corroborated based on observable market data. Realized and unrealized gains (losses) on deferred compensation are included in earnings.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
In addition to assets and liabilities that are recorded at fair value on a recurring basis, we record assets and liabilities at fair value on a nonrecurring basis. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges and, with respect to our equity investments without readily determinable fair values, recorded by applying the measurement alternative for which such investments are recorded at cost and adjusted for an observable price change in an orderly transaction for an identical or similar investment of the same issuer. 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 three months ended December 28, 2024 and December 30, 2023.
Other Financial Instruments
Fair value of our debt is principally estimated using Level 2 inputs based on quoted prices for those or similar instruments. Fair value and carrying value for our debt are as follows (in millions):
December 28, 2024September 28, 2024
Fair ValueCarrying ValueFair ValueCarrying Value
Total debt$9,497 $9,806 $9,638 $9,787 
v3.25.0.1
Segment Reporting
 3 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
We operate in four reportable segments: Beef, Pork, Chicken, and Prepared Foods. We measure segment profit as operating income (loss). International/Other primarily includes our foreign operations in China, Malaysia, Mexico, South Korea, Thailand and the Kingdom of Saudi Arabia, third-party merger and integration costs and corporate overhead related to Tyson New Ventures, LLC.
Beef
Beef includes our operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes sales from specialty products such as hides, rendered products and variety meats, as well as logistics operations to move products through the supply chain.
Pork
Pork includes our operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes our live swine group, related specialty product processing activities and logistics operations to move products through the supply chain.
Chicken
Chicken includes our domestic operations related to raising and processing live chickens into, and purchasing raw materials for fresh, frozen and value-added chicken products, as well as sales from specialty products. Our value-added chicken products primarily include breaded chicken strips, nuggets, patties and other ready-to-fix or fully cooked chicken parts. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes logistics operations to move products through our domestic supply chain and the global operations of our chicken breeding stock subsidiary.
Prepared Foods
Prepared Foods includes our operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations to move products through the supply chain. This segment includes brands such as Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, as well as artisanal brands Aidells® and Gallo Salame®. Products primarily include ready-to-eat sandwiches, sandwich components such as flame-grilled hamburgers and Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks and processed meats. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets.
We allocate expenses related to corporate activities to the segments, except for third-party merger and integration costs and corporate overhead related to Tyson New Ventures, LLC, which are included in International/Other. Intersegment sales transactions, which were at market prices, are included in the segment sales in the table below.
Information on segments and a reconciliation to income before income taxes are as follows (in millions): 
Three Months Ended
December 28, 2024December 30, 2023
Sales:
Beef$5,335 $5,023 
Pork1,617 1,517 
Chicken4,065 4,033 
Prepared Foods2,473 2,543 
International/Other584 582 
Intersegment(451)(379)
Total Sales$13,623 $13,319 
Three Months Ended
December 28, 2024December 30, 2023
Operating Income (Loss):
Beef(a)
$(64)$(206)
Pork(b)
59 39 
Chicken(c)
351 177 
Prepared Foods(d)
209 243 
International/Other(e)
25 (22)
Total Operating Income (Loss)580 231 
Total Other (Income) Expense102 70 
Income before Income Taxes$478 $161 
(a) Beef segment results for the three months ended December 28, 2024 included $32 million in network optimization plan charges, recognized in Cost of Sales. Additionally, Beef segment results for the three months ended December 30, 2023 included $40 million of costs related to plant closures and disposals and a $45 million legal contingency accrual, recognized in Cost of Sales.
(b) Pork segment results for the three months ended December 30, 2023 included a $28 million legal contingency accrual, recognized in Cost of Sales.
(c) Chicken segment results for the three months ended December 28, 2024 included $6 million of brand discontinuation charges, recognized in Selling, General and Administrative. Additionally, Chicken segment results for the three months ended December 28, 2024 included network optimization plan charges of $9 million and $2 million, recognized in Cost of Sales and Selling, General and Administrative, respectively. Chicken segment results for the three months ended December 30, 2023 included insurance proceeds, net of costs incurred, of $24 million and costs related to plant closures and disposals of $35 million, recognized in Cost of Sales.
(d) Prepared Foods segment results for the three months ended December 28, 2024 included $25 million in network optimization plan charges, recognized in Cost of Sales. Prepared Foods segment results for the three months ended December 30, 2023 included restructuring and related charges of $1 million and $20 million, recognized in Cost of Sales and Selling, General and Administrative, respectively.
(e) International/Other results for the three months ended December 28, 2024 included $5 million in network optimization plan charges, recognized in Cost of Sales. International/Other results for the three months ended December 30, 2023 included $26 million of costs related to a fire at our production facility in the Netherlands and subsequent decision to sell, recognized in Cost of Sales.
The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Three months ended December 28, 2024
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$2,657 $1,366 $655 $549 $5,227 $108 $5,335 
Pork553 126 331 285 1,295 322 1,617 
Chicken1,658 1,652 269 465 4,044 21 4,065 
Prepared Foods1,472 894 57 50 2,473 — 2,473 
International/Other— — 584 — 584 — 584 
Intersegment— — — — — (451)(451)
Total$6,340 $4,038 $1,896 $1,349 $13,623 $— $13,623 
Three months ended December 30, 2023
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$2,397 $1,315 $632 $578 $4,922 $101 $5,023 
Pork483 117 353 305 1,258 259 1,517 
Chicken1,713 1,607 217 477 4,014 19 4,033 
Prepared Foods1,488 961 59 35 2,543 — 2,543 
International/Other— — 582 — 582 — 582 
Intersegment— — — — — (379)(379)
Total$6,081 $4,000 $1,843 $1,395 $13,319 $— $13,319 
(a) Includes external sales to consumer products and food retailers, such as grocery retailers, warehouse club stores and internet-based retailers.
(b) Includes external sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(c) Includes external sales to international markets for internationally produced products or export sales of domestically produced products.
(d) Includes external sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories.
v3.25.0.1
Commitments And Contingencies
 3 Months Ended
Dec. 28, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies COMMITMENTS AND CONTINGENCIES
Commitments
We guarantee obligations of certain outside third parties, consisting primarily of grower loans, which are substantially collateralized by the underlying assets. The remaining terms of the underlying obligations cover periods up to 7 years, and the maximum potential amount of future payments as of December 28, 2024, was not significant. The likelihood of material payments under these guarantees is not considered probable. At December 28, 2024 and September 28, 2024, no significant liabilities for guarantees were recorded.
We have cash flow assistance programs in which certain livestock suppliers participate. Under these programs, we pay an amount for livestock equivalent to a standard cost to grow such livestock during periods of low market sales prices. The amounts of such payments that are in excess of the market sales price are recorded as receivables and accrue interest. Participating suppliers are obligated to repay these receivables balances when market sales prices exceed this standard cost, or upon termination of the agreement. Our maximum commitment associated with these programs is limited to the fair value of each participating livestock supplier’s net tangible assets. The potential maximum commitment as of December 28, 2024 was approximately $235 million. The total receivables under these programs were $12 million and $14 million at December 28, 2024 and September 28, 2024, respectively. These receivables are included, net of allowance for uncollectible amounts, in Accounts Receivable in our Consolidated Condensed Balance Sheets.
When constructing new facilities or making major enhancements to existing facilities, we will occasionally enter into incentive agreements with local government agencies in order to reduce certain state and local tax expenditures. These funds are generally considered restricted cash, which is reported in the Consolidated Condensed Balance Sheets in Other Assets. We had no deposits at December 28, 2024 and September 28, 2024. Additionally, under certain agreements, we transfer the related assets to various local government entities and receive Industrial Revenue Bonds. We immediately lease the facilities from the local government entities and have an option to re-purchase the facilities for a nominal amount upon tendering the Industrial Revenue Bonds to the local government entities at various predetermined dates. The Industrial Revenue Bonds and the associated obligations for the leases of the facilities offset, and the underlying assets remain in property, plant and equipment. At December 28, 2024, the total amount under these types of arrangements totaled $852 million.
Contingencies
In the normal course of business, we are involved in various claims, lawsuits, investigations and legal proceedings, including those specifically identified below. Each quarter, we determine whether to accrue for loss contingencies based on our assessment of whether the potential loss is probable, reasonably possible or remote and to the extent a loss is probable, whether it is reasonably estimable. We record accruals in the Company’s Consolidated Financial Statements for matters that we conclude are probable and the financial impact is reasonably estimable. The Company further determines whether a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable. Regardless of the manner of resolution, frequently the most significant changes in the status of a matter may occur over a short time period, often following a lengthy period of little substantive activity. While these accruals reflect the Company’s best estimate of the probable loss for those matters as of the dates of those accruals, the recorded amounts may differ materially from the actual amount of the losses for those matters. Listed below are certain claims made against the Company for which the magnitude of the potential exposure could be material to the Company’s Consolidated Financial Statements.
Broiler Antitrust Civil Litigation and Related Matters
Beginning in September 2016, a series of putative federal class action lawsuits styled In re Broiler Chicken Antitrust Litigation (the “Broiler Antitrust Civil Litigation”) were filed in the United States District Court for the Northern District of Illinois against us and certain of our poultry subsidiaries, as well as several other poultry processing companies and Agri Stats, Inc. ("Agri Stats"), an information service provider. As described below, the Company reached agreements to settle all outstanding claims brought against it by the putative classes, and the Court has granted final approval to these settlements.
Certain putative class members chose to opt out of the classes and pursue individual claims against the Company and other defendants in the United States District Court for the Northern District of Illinois. The operative complaints allege that beginning in January 2008, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of broiler chickens and that the defendants manipulated and artificially inflated the Georgia Dock price index. The plaintiffs further allege that the defendants concealed this conduct from the plaintiffs and the members of the putative classes. The plaintiffs seek treble damages, injunctive relief, pre- and post-judgment interest, costs, and attorneys’ fees under the United States antitrust laws and various state unfair competition laws, consumer protection laws, and unjust enrichment common laws.
The first trial in this matter, which involved claims brought by the Direct Purchaser Plaintiff Class and certain direct-action plaintiffs, began on September 12, 2023 and concluded with a jury verdict in favor of the defendant on October 25, 2023. The Company did not participate in the first trial because it had previously settled all of the claims brought by the plaintiffs that participated in that trial. The second and third scheduled trials in this matter, which were to involve claims brought by the Commercial and Institutional Indirect Purchaser Class and the End-User Consumer Plaintiff Class, respectively, were scheduled to begin in March 2024 and September 2024, respectively. Both of these trials were cancelled because all claims brought by these classes were resolved before trial.
Settlements
On January 19, 2021, we announced that we had reached agreements to settle certain class claims related to the Broiler Antitrust Civil Litigation. Settlement terms were reached with the putative Direct Purchaser Plaintiff Class, the putative Commercial and Institutional Indirect Purchaser Plaintiff Class and the putative End-User Plaintiff Class (collectively, the “Classes”). Under the terms of the settlements, we agreed to pay the Classes an aggregate amount of $221.5 million in settlement of all outstanding claims brought by the Classes. On June 29, 2021, December 20, 2021 and April 18, 2022, the Court granted final approval to the settlements with the Direct Purchaser Plaintiff Class, the End-User Plaintiff Class and the Commercial and Institutional Indirect Purchaser Plaintiff Class, respectively. The foregoing settlements do not settle claims made by plaintiffs who have opted out of the Classes in the Broiler Antitrust Civil Litigation.
We are currently pursuing settlement discussions with the remaining opt-out plaintiffs with respect to the remaining claims. While we do not admit any liability as part of the settlements, we believe that the settlements we have entered into have been in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation.
Government Investigations
U.S. Department of Justice (“DOJ”) Antitrust Division. On June 21, 2019, the DOJ filed a motion to intervene and sought a limited stay of discovery in the Broiler Antitrust Civil Litigation, which the court granted in part. Subsequently, we received a grand jury subpoena from the DOJ seeking additional documents and information related to the chicken industry. On June 2, 2020, a grand jury for the District of Colorado returned an indictment charging four individual executives employed by two other poultry processing companies with conspiracy to engage in bid-rigging in violation of federal antitrust laws. On June 10, 2020, we announced that we uncovered information in connection with the grand jury subpoena that we had previously self-reported to the DOJ and have been cooperating with the DOJ as part of our application for leniency under the DOJ’s Corporate Leniency Program. Subsequently, the DOJ announced indictments against additional individuals, as well as other poultry processing companies, alleging a conspiracy to fix prices and rig bids for broiler chicken products from at least 2012 until at least early 2019. None of these indictments remain pending. In August 2021, the Company was granted conditional leniency by the DOJ for the matters we self-reported, which means that provided the Company continues to cooperate with the DOJ, neither the Company nor any of our cooperating employees will face prosecution or criminal fines or penalties. We continue to cooperate with the DOJ in connection with the ongoing federal antitrust investigation.
State Attorney General Matters. The Offices of the Attorneys General in Washington, New Mexico and Alaska have filed complaints against us and certain of our poultry subsidiaries, as well as several other poultry processing companies and Agri Stats based on allegations similar to those asserted in the Broiler Antitrust Civil Litigation. These complaints alleged violations of state antitrust, unfair trade practice, and unjust enrichment laws. We are cooperating with various state governmental agencies and officials, including the Offices of the Attorneys General for Florida and Louisiana, investigating or otherwise seeking information, testimony and/or documents, regarding the conduct alleged in the Broiler Antitrust Civil Litigation and related matters. In October 2022, we reached an agreement to settle all claims with the Washington Attorney General, and the court entered a consent decree on October 24, 2022. On February 16, 2024, the Company and the State of Alaska filed a stipulation and proposed consent decree reflecting a settlement of the claims against the Company asserted by the Office of the Attorney General of Alaska. The court approved this settlement on April 24, 2024. On April 19, 2024, the Company and the State of New Mexico filed a proposed consent judgment reflecting a settlement of the claims against the Company asserted by the Office of the Attorney General of New Mexico. The Court approved this settlement on July 23, 2024. While the Company believes it has meritorious defenses to the claims that have been made, we believe that these settlements are in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation.
During the three months ended December 28, 2024 and December 30, 2023 the Company did not record any contingency accruals for claims related to these matters. Additionally, during the first quarter of fiscal 2025 and 2024, the Company reduced its total recorded legal contingency accrual by $21 million and $15 million, respectively, for amounts it had paid related to these matters. At December 28, 2024 and September 28, 2024, the legal contingency accrual for claims related to the Broiler Antitrust Civil Litigation matters described above was $65 million and $86 million, respectively. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time.
Broiler Chicken Grower Litigation and Investigation
On January 27, 2017 and March 26, 2017, putative class action complaints were filed against us and certain of our poultry subsidiaries, as well as several other vertically integrated poultry processing companies, in the United States District Court for the Eastern District of Oklahoma styled In re Broiler Chicken Grower Litigation. The plaintiffs 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. 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.
In October 2022, the DOJ’s Antitrust Division opened a civil investigation into broiler chicken grower contracts and alleged non-competitive practices involving performance-based compensation sharing for the purpose of stabilizing compensation below competitive levels. We continue to cooperate with the investigation. The Company has not recorded any liability for this matter as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time.
Pork Antitrust Litigation
Beginning June 18, 2018, a series of putative class action complaints were filed against us and certain of our pork subsidiaries, as well as several other pork processing companies, in the United States District Court for the District of Minnesota styled In re Pork Antitrust Litigation (the “Pork Antitrust Civil Litigation”). The plaintiffs allege, among other things, that beginning in January 2009, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of pork and pork products in violation of federal antitrust laws. The complaints on behalf of the putative classes of indirect purchasers also include causes of action under various state unfair competition laws, consumer protection laws, and unjust enrichment common laws. The plaintiffs seek treble damages, injunctive relief, pre- and post-judgment interest, costs, and attorneys’ fees on behalf of the putative classes. Since the original filing, certain putative class members have opted out of the matter and are proceeding with individual direct actions making similar claims, and others may try to do so in the future.
The Offices of the Attorney General in New Mexico and Alaska have filed complaints against us and certain of our pork subsidiaries, as well as several other pork processing companies and Agri Stats. The complaints are based on allegations similar to those asserted in the Pork Antitrust Civil Litigation and allege violations of state antitrust, unfair trade practice, and unjust enrichment laws based on allegations of conspiracies to exchange information and manipulate the supply of pork. On October 18, 2024, we reached a settlement with the State of Alaska to resolve all claims made against the Company for an immaterial amount. The court approved the settlement on January 7, 2025. While the Company believes it has meritorious defenses to the claims that have been made, we believe that this settlement is in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation.
In the third quarter of fiscal 2024, we filed and joined motions for summary judgment that, if successful, would dispose of all claims against us brought by all the plaintiffs in the Pork Antitrust Civil Litigation. While we believe we have strong summary judgment arguments, as well as other valid and meritorious defenses to the claims that have been made in the Pork Antitrust Civil Litigation and the related Attorney General matters, we are exploring the possibility of entering into settlements as a way to avoid the uncertainty, risk, expense and distraction of protracted litigation. At December 28, 2024 and September 28, 2024, the legal contingency accrual for claims related to the Pork Antitrust Civil Litigation matter described above was $45 million. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time.
Beef Antitrust Litigation and Related Matters
Beginning on April 23, 2019, a series of class action complaints were filed against us and our beef and pork subsidiary, Tyson Fresh Meats, Inc. (“Tyson Fresh Meats”), as well as other beef packer defendants, in various federal district courts, including the United States District Court for Northern Illinois, the United States District Court for the District of Minnesota, and the United States District Court for the District of Kansas, by putative classes of direct purchasers, cattle ranchers, indirect purchasers, and indirect cattle producers. The putative classes in these cases allege that the defendants engaged in one or more conspiracies beginning in roughly January 2015 with the aim of reducing fed cattle prices, manipulating the price of live cattle futures and options traded on the Chicago Mercantile Exchange, artificially increasing the cost of beef, and reducing the price of cows, cattle, calves, steers or heifers. The putative classes allege that this conduct violated federal antitrust laws, the Grain Inspection, Packers and Stockyards Act of 1921, the Commodities Exchange Act, and various state unfair competition, consumer protection, and unjust enrichment laws. Their complaints seek, among other things, treble monetary damages, punitive damages, restitution, and pre- and post-judgment interest, as well as declaratory and injunctive relief. Since the original filing, certain putative class members have opted out of the matter and are proceeding with individual direct actions making similar claims, and others may do so in the future. These cases have been transferred to the United States District Court for the District of Minnesota for pretrial purposes. The matter is currently in the fact discovery phase, and the putative classes filed motions for class certification on September 25, 2024. The Company has not recorded any liability for these foregoing matters as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time, because 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 putative class is comprised of direct and indirect beef purchasers in Canada between January 1, 2015 and the present, and alleges that the defendants conspired to fix, maintain, increase, or control the price of beef, as well as to fix, maintain, control, prevent, or lessen the production or supply of beef. The complaint alleges a violation of the Competition Act, civil conspiracy, unjust enrichment, and a violation of the Civil Code of Québec. It seeks declarations regarding the alleged conspiracy, general damages, aggravated, exemplary, and punitive damages, injunctive relief, costs, and interest. On March 24, 2022, a putative class action was commenced against the same defendants in the Superior Court of Québec styled De Bellefeuille v. Cargill, Incorporated et al, raising substantially similar allegations and seeking compensatory damages, costs of investigation and interest. The Company has not recorded any liability for these foregoing matters as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time, because 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. The Company has not recorded any liability for this matter as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time.
Wage Rate Litigation and Related Matters
Poultry. On August 30, 2019, a putative class of non-supervisory production and maintenance employees at chicken processing plants in the continental United States filed class action complaints against us and certain of our subsidiaries, as well as several other poultry processing companies, in the United States District Court for the District of Maryland. The plaintiffs allege that the defendants directly and through a wage survey and benchmarking service exchanged information regarding labor rates in an effort to depress and fix the rates of wages for non-supervisory production and maintenance workers in violation of federal antitrust laws. Additional lawsuits making similar allegations were consolidated including an amended consolidated complaint containing additional allegations concerning turkey processing plants naming additional defendants. On May 10, 2024 and June 3, 2024, the Company participated in mediation with the putative class plaintiffs. Following the mediation, on June 14, 2024, the Company reached an agreement in principle with the putative class plaintiffs to settle all claims in the case for an aggregate amount of $115.5 million. At December 28, 2024 and September 28, 2024, the legal contingency accrual for claims related to the Poultry wage rate litigation matter described above was $116 million. This settlement remains subject to court approval. If the court grants final approval to the settlement, it will completely resolve all claims made against the Company in this matter. While we believe we have valid and meritorious defenses against the allegations, we believe that the proposed settlement is in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time.
The DOJ’s Antitrust Division has opened a civil investigation into human resources at several poultry companies. We are cooperating with the investigation. The Company has not recorded any liability for this matter as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time.
Fresh Meats. On November 11, 2022, a putative class of employees at beef-processing and pork-processing plants in the continental United States filed a class action complaint against us and certain of our subsidiaries, as well as several other beef-processing and pork-processing companies, in the United States District Court for the District of Colorado. The plaintiffs allege that the defendants directly and through a wage survey and benchmarking service exchanged information regarding labor rates in an effort to depress and fix the rates of wages for employees in violation of federal antitrust laws.
On December 22, 2023, after a mediation between the parties, the Company and the putative class plaintiffs reached an in-principle agreement to settle. While we believe we have valid and meritorious defenses against the allegations, we believe that the proposed settlement is in the best interests of the Company and its shareholders to avoid the uncertainty, risk, expense and distraction of protracted litigation. Under the terms of the settlement, the Company agreed to pay the putative class an aggregate amount of $72.5 million to completely resolve all claims made against the Company in this matter. The court approved the settlement on January 15, 2025. During the first quarter of fiscal 2024, the Company recorded an accrual for the $72.5 million settlement which remained accrued as of December 28, 2024 and September 28, 2024. The Company does not believe that a range of possible loss, if any, in excess of the recorded accrual is reasonably estimable at this time.
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 $60 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 $256 million. However, the NLRC approved a prior settlement reached with the group comprising approximately 18% of the class of 5,984 complainants, pursuant to which The Hillshire Brands Company agreed to pay each settling complainant approximately $1,200. The parties filed numerous appeals, motions for reconsideration and petitions for review related to the NLRC award and settlement payment. The Court of Appeals of the Philippines subsequently vacated the NLRC’s award on April 12, 2018. Complainants filed motions for reconsideration with the Court of Appeals which were denied. Claimants have since filed petitions for writ of certiorari with the Supreme Court of the Philippines, which have been accepted. The Company continues to maintain an accrual in an immaterial amount for estimated probable losses for this matter in the Company’s Consolidated Financial Statements. The Company does not believe that a range of possible loss, if any, in excess of the
recorded accrual is reasonably estimable at this time.
Various claims have been asserted against the Company, its subsidiaries, and its officers and agents by, and on behalf of, team members who claim to have contracted COVID-19 in our facilities. The Company has not recorded any liability for these matters as it does not believe a loss is probable, nor does it believe that a range of possible loss, if any, is reasonably estimable at this time, because it believes the allegations in the claims are without merit and that the Company has valid and meritorious defenses against the allegations.
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Pay vs Performance Disclosure    
Net income attributable to Tyson $ 359 $ 107
v3.25.0.1
Insider Trading Arrangements
 3 Months Ended
Dec. 28, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.0.1
Accounting Policies (Policy)
 3 Months Ended
Dec. 28, 2024
Policy Text Block [Abstract]  
Basis Of Presentation
Basis of Presentation
The consolidated condensed financial statements are unaudited and have been prepared by Tyson Foods, Inc. (“Tyson,” “the Company,” “we,” “us” or “our”). Certain information and accounting policies and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Although we believe the disclosures contained herein are adequate to make the information presented not misleading, these consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 28, 2024. Preparation of consolidated condensed financial statements requires us to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
We believe the accompanying consolidated condensed financial statements contain all adjustments, which are of a normal recurring nature necessary to state fairly our financial position as of December 28, 2024 and the results of operations for the three months ended December 28, 2024 and December 30, 2023. Results of operations and cash flows for the periods presented are not necessarily indicative of results to be expected for the full year.
Consolidation
Consolidation
The consolidated condensed financial statements include the accounts of all wholly-owned subsidiaries, as well as majority-owned subsidiaries over which we exercise control and, when applicable, entities for which we have a controlling financial interest or variable interest entities for which we are the primary beneficiary. All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]
Use of Estimates
The consolidated condensed financial statements are prepared in conformity with accounting principles generally accepted in the United States, which require us to make estimates and assumptions that affect the amounts reported in the consolidated condensed financial statements and accompanying notes. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
In November 2024, the FASB issued authoritative guidance to disclose certain additional expense information including, among other items, purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each Consolidated Statement of Income expense caption. The guidance is effective for annual reporting periods beginning after December 15, 2026, our fiscal 2028, and interim reporting periods within fiscal years beginning after December 15, 2027, our fiscal 2029. Amendments can be applied using either the prospective or the retrospective approach. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In March 2024, the SEC issued a final rule that will require registrants to provide certain climate-related information in their registration statements and annual reports. The rule is effective for annual reporting periods beginning in 2025, our fiscal 2026, and will be applied prospectively. However, the SEC has issued a stay on the final rule due to legal challenges, and the effective date has been delayed indefinitely. We are currently evaluating the impact this guidance will have on our consolidated financial statements.
In December 2023, the Financial Accounting Standards Board (the "FASB") issued authoritative guidance to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The guidance is effective for annual reporting periods beginning after December 15, 2024, our fiscal 2026 and will be applied prospectively. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In November 2023, the FASB issued authoritative guidance to improve the disclosures about a public entity's reportable segments and address requests from investors for additional, more detailed information about a reportable segment's expenses. The guidance is effective for annual reporting periods beginning after December 15, 2023, our fiscal 2025, and interim reporting periods within fiscal years beginning after December 15, 2024, our fiscal 2026. Amendments will be applied retrospectively to all prior periods presented in the financial statements. We are currently evaluating the impact this guidance will have on disclosures in our consolidated financial statements.
In March 2023, the FASB issued authoritative guidance intended to address issues related to arrangements between entities under common control such as terms and conditions an entity should consider for determining whether a lease exists and the classification and accounting for that lease as well as accounting for leasehold improvements associated with leases between entities under common control. The guidance is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2023, our fiscal 2025 and can be applied using either the prospective or retrospective approach. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.
In September 2022, the FASB issued guidance that requires additional disclosures for supplier finance programs to allow users to better understand the nature, activity and potential magnitude of the programs. The guidance, except for a requirement for rollforward information, is effective for annual reporting periods and interim periods within those annual reporting periods beginning after December 15, 2022, our fiscal 2024. Disclosure of rollforward information is effective for fiscal years beginning after December 15, 2023, our fiscal 2025. Early adoption is permitted and the retrospective transition method should be applied for all amendments except rollforward information, which should be applied prospectively. We elected to early adopt the initial disclosure requirement for the fiscal year ended September 30, 2023, and it did not have a material impact on our consolidated financial statements.
Goodwill and Intangible Assets, Goodwill, Policy
Goodwill and Intangible Assets
Goodwill and indefinite life intangible assets are initially recorded at fair value and not amortized, but are reviewed for impairment at least annually or more frequently if impairment indicators arise. Our goodwill and indefinite life intangible assets are evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative test is necessary. If it is determined, based on qualitative factors, the fair value of the reporting unit or indefinite life intangible asset may more likely than not be less than the carrying amount, or if significant changes to macro-economic factors have occurred that could materially impact fair value, a quantitative impairment test would be required. The quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit or indefinite life intangible asset with its carrying amount. If the carrying amount of the reporting unit or indefinite life intangible asset exceeds the fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the carrying amount of goodwill or the indefinite life intangible asset.
Our qualitative assessment for the first quarter of fiscal 2025 did not indicate that it was more likely than not the fair value of any of our reporting units or indefinite life intangible assets was less than the carrying amount, and as such, no quantitative test was deemed necessary. We consider reporting units and indefinite life intangible assets that have 20% or less excess fair value over carrying amount to have a heightened risk of impairment. The following reporting units and indefinite life intangible asset were considered at heightened risk of impairment as of the date of the most recent estimated fair value determination, which was in the fourth quarter of fiscal 2024: our Chicken segment reporting units and our Beef reporting unit with goodwill totaling $3.0 billion and $0.3 billion, respectively, and one Prepared Foods brand with a carrying value of $0.5 billion.
Some of the inherent estimates and assumptions used in determining fair value of the reporting units and indefinite life intangible assets are outside the control of management, including interest rates, cost of capital, tax rates, market EBITDA comparables and credit ratings. While we believe we have made reasonable estimates and assumptions to calculate the fair value of the reporting units, it is possible a material change could occur. If our actual results are not consistent with our estimates and assumptions used to calculate fair value, it could result in material impairments of our goodwill or indefinite life intangible assets.
v3.25.0.1
Inventories (Policy)
 3 Months Ended
Dec. 28, 2024
Inventory Disclosure [Abstract]  
Inventory, Policy Processed products, livestock and supplies and other are valued at the lower of cost or net realizable value. Cost includes purchased raw materials, live purchase costs, growout costs (primarily feed, livestock grower pay and catch and haul costs), labor and manufacturing and production overhead, which are related to the purchase and production of inventories.
v3.25.0.1
Inventories (Tables)
 3 Months Ended
Dec. 28, 2024
Inventory Disclosure [Abstract]  
Schedule of Inventory
The following table reflects the major components of inventory (in millions):
December 28, 2024September 28, 2024
Processed products$2,775 $2,897 
Livestock1,496 1,460 
Supplies and other843 838 
Total inventory$5,114 $5,195 
v3.25.0.1
Property, Plant And Equipment (Tables)
 3 Months Ended
Dec. 28, 2024
Property, Plant and Equipment, Net [Abstract]  
Property, Plant And Equipment And Accumulated Depreciation PROPERTY, PLANT AND EQUIPMENT
The major categories of property, plant and equipment and accumulated depreciation are as follows (in millions): 
December 28, 2024September 28, 2024
Land$217 $220 
Buildings and leasehold improvements6,978 6,981 
Machinery and equipment11,544 11,457 
Land improvements and other596 600 
Buildings and equipment under construction721 705 
20,056 19,963 
Less accumulated depreciation10,703 10,521 
Net Property, Plant and Equipment$9,353 $9,442 
v3.25.0.1
Restructuring and Related Charges Restructuring and Related Charges (Tables)
 3 Months Ended
Dec. 28, 2024
Restructuring Cost and Reserve [Line Items]  
Schedule of Accrued Liabilities Related to Plant Closures
The following table reflects our liability related to plant closures as of December 28, 2024 (in millions):
Balance at September 28, 2024Plant Closure ChargesPaymentsBalance at December 28, 2024
Contract termination$98 $— $(8)$90 
Severance and retention5 — (3)2 
Total$103 $— $(11)$92 
Restructuring and Related Costs [Table Text Block]
The following table reflects pretax expenses related to the network optimization plan in the first quarter of fiscal 2025 (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherTotal
Cost of Sales:
Severance and related costs$5 $— $2 $2 $— $9 
Accelerated depreciation23 — — — — 23 
Asset write-offs3 — 7 23 5 38 
Other1 — — — — 1 
Total Cost of Sales$32 $— $9 $25 $5 $71 
Selling, General and Administrative:
Severance and related costs— — 2 — — 2 
Total Selling, General and Administrative$— $— $2 $— $— $2 
Total$32 $— $11 $25 $5 $73 
v3.25.0.1
Other Current Liabilities (Tables)
 3 Months Ended
Dec. 28, 2024
Other Liabilities, Current [Abstract]  
Schedule Of Other Current Liabilities OTHER CURRENT LIABILITIES
Other current liabilities are as follows (in millions):
December 28, 2024September 28, 2024
Accrued salaries, wages and benefits$654 $912 
Taxes payable300 210 
Accrued current legal contingencies328 349 
Other906 840 
Total other current liabilities$2,188 $2,311 
v3.25.0.1
Debt (Tables)
 3 Months Ended
Dec. 28, 2024
Debt Instruments [Abstract]  
Schedule of Major Components Of Debt
The major components of debt are as follows (in millions):
December 28, 2024September 28, 2024
Revolving credit facility$— $— 
Commercial paper— — 
Senior notes:
4.00% Notes due March 2026 (“2026 Notes”)800 800 
3.55% Notes due June 20271,350 1,350 
7.00% Notes due January 202818 18 
4.35% Notes due March 2029 (“2029 Notes”)1,000 1,000 
5.40% Notes due March 2029 ("5.40% 2029 Notes")600 600 
6.13% Notes due November 2032157 157 
5.70% Notes due March 2034 ("5.70% 2034 Notes")900 900 
4.88% Notes due August 2034500 500 
5.15% Notes due August 2044500 500 
4.55% Notes due June 2047750 750 
5.10% Notes due September 2048 (“2048 Notes”)1,500 1,500 
Discount on senior notes(36)(36)
Term loans:
Term loan facility due May 2026 (5.72% at December 28, 2024)750 750 
Term loan facility due May 2028 (6.30% at December 28, 2024)750 750 
Finance Leases144 126 
Other168 168 
Unamortized debt issuance costs(45)(46)
Total debt9,806 9,787 
Less current debt95 74 
Total long-term debt$9,711 $9,713 
v3.25.0.1
Equity (Tables)
 3 Months Ended
Dec. 28, 2024
Equity [Abstract]  
Schedule of Share Repurchase A summary of share repurchases of our Class A stock is as follows (in millions):
Three Months Ended
December 28, 2024December 30, 2023
SharesDollarsSharesDollars
Shares repurchased:
Under share repurchase program— $— — $— 
To fund certain obligations under equity compensation plans0.3 15 0.3 13 
Total share repurchases0.3 $15 0.3 $13 
v3.25.0.1
Earnings Per Share (Tables)
 3 Months Ended
Dec. 28, 2024
Earnings Per Share [Abstract]  
Schedule Of Earnings Per Share, Basic And Diluted
The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share data): 
Three Months Ended
December 28, 2024December 30, 2023
Numerator:
Net income$366 $114 
Less: Net income attributable to noncontrolling interests7 7 
Net income attributable to Tyson359 107 
Less dividends declared:
Class A 146 143 
Class B 32 31 
Undistributed earnings (losses)$181 $(67)
Class A undistributed earnings (losses)$148 $(55)
Class B undistributed earnings (losses)33 (12)
Total undistributed earnings (losses)$181 $(67)
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares285 284 
Class B weighted average shares70 70 
Denominator for diluted earnings per share:
Class A weighted average shares285 284 
Class B weighted average shares under the if-converted method for diluted earnings per share70 70 
Effect of dilutive securities: Stock options, restricted stock and performance units2 1 
Denominator for diluted earnings per share – weighted average shares and assumed conversions357 355 
Net income per share attributable to Tyson:
Class A basic$1.03 $0.31 
Class B basic$0.93 $0.28 
Diluted$1.01 $0.30 
Dividends Declared Per Share:
Class A$0.510 $0.500 
Class B$0.459 $0.450 
v3.25.0.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Dec. 28, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Condensed Statements of Income (in millions):
Consolidated Condensed Statements of Income ClassificationThree Months Ended
December 28, 2024December 30, 2023
Cost of SalesGain (Loss) on cash flow hedges reclassified from OCI to earnings:
Commodity contracts $(11)$— 
Gain (Loss) on fair value hedges:
Commodity contracts (a)(4)(1)
Gain (Loss) on derivatives not designated as hedging instruments:
Commodity contracts8 (4)
Total$(7)$(5)
Interest ExpenseGain (Loss) on cash flow hedges reclassified from OCI to earnings:
Interest rate contracts$(1)$— 
Other, netGain (Loss) on derivatives not designated as hedging instruments:
Foreign exchange contracts$8 $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 Condensed Statements of Income in which the effects of hedges are recorded (in millions):
Consolidated Condensed Statements of Income ClassificationThree Months Ended
December 28, 2024December 30, 2023
Cost of Sales$12,528 $12,496 
Interest Expense120 105 
Other, net7 (25)
Schedule of Notional Amounts of Outstanding Derivative Positions
We had the following net aggregated outstanding notional amounts related to our derivative financial instruments:
in millions, except soybean meal tonsMetricDecember 28, 2024September 28, 2024
Commodity:
CornBushels87 29 
Soybean MealTons1,222,400 623,400 
Live CattlePounds164 136 
Lean HogsPounds363 351 
Foreign CurrencyUnited States dollar$215 $245 
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) The following table sets forth the pretax impact of cash flow hedge derivative instruments recognized in Other Comprehensive Income (in millions):
Three Months Ended
Gain (Loss) Recognized in OCI on DerivativesDecember 28, 2024December 30, 2023
Cash flow hedge - derivatives designated as hedging instruments:
Commodity contracts$(8)$— 
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] The following table sets forth the carrying amount of fair value hedge (assets) liabilities as of December 28, 2024 and September 28, 2024 (in millions):
Consolidated Condensed Balance Sheets ClassificationDecember 28, 2024September 28, 2024
Inventory$16 $(3)
v3.25.0.1
Fair Value Measurements (Tables)
 3 Months Ended
Dec. 28, 2024
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis
The following tables set forth by level within the fair value hierarchy our financial assets and liabilities accounted for at fair value on a recurring basis according to the valuation techniques we used to determine their fair values (in millions): 
December 28, 2024Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $10 $— $(1)$9 
Undesignated — 75 — (5)70 
Available-for-sale securities (current)— 1 — — 1 
Other Assets:
Available-for-sale securities (non-current)— 84 25 — 109 
Deferred compensation assets26 452 — — 478 
Total assets$26 $622 $25 $(6)$667 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $31 $— $(31)$— 
Undesignated — 38 — (30)8 
Total liabilities$— $69 $— $(61)$8 
September 28, 2024Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $15 $— $(2)$13 
Undesignated — 79 — 2 81 
Available-for-sale securities (current)— 10 — — 10 
Other Assets:
Available-for-sale securities (non-current)— 75 28 — 103 
Deferred compensation assets22 461 — — 483 
Total assets$22 $640 $28 $— $690 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $19 $— $(19)$— 
Undesignated — 71 — (35)36 
Total liabilities$— $90 $— $(54)$36 
(a) Our derivative assets and liabilities are presented in our Consolidated Condensed Balance Sheets on a net basis when a legally enforceable master netting arrangement exists between the counterparty to a derivative contract and us. Additionally, at December 28, 2024, and September 28, 2024, we had $55 million and $54 million, respectively, of net cash collateral with various counterparties where master netting arrangements exist and held no cash collateral.
Schedule Of Debt Securities Measured At Fair Value On A Recurring Basis, Unobservable Input Reconciliation
The following table provides a reconciliation between the beginning and ending balance of marketable debt securities measured at fair value on a recurring basis in the table above that used significant unobservable inputs (Level 3) (in millions): 
Three Months Ended
December 28, 2024December 30, 2023
Balance at beginning of year$28 $30 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)— — 
Purchases— 1 
Issuances— — 
Settlements(3)(1)
Balance at end of period$25 $30 
Total gains (losses) for the three month period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at end of period
$— $— 
Schedule Of Available For Sale Securities
The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):
December 28, 2024September 28, 2024
Amortized
Cost Basis		Fair
Value		Unrealized
Gain (Loss)		Amortized
Cost Basis		Fair
Value		Unrealized
Gain (Loss)
Available-for-sale securities:
Debt securities:
U.S. treasury and agency$88 $85 $(3)$86 $85 $(1)
Corporate and asset-backed25 25 — 28 28 — 
Schedule Of Fair Value And Carrying Value Of Debt
Fair value of our debt is principally estimated using Level 2 inputs based on quoted prices for those or similar instruments. Fair value and carrying value for our debt are as follows (in millions):
December 28, 2024September 28, 2024
Fair ValueCarrying ValueFair ValueCarrying Value
Total debt$9,497 $9,806 $9,638 $9,787 
Debt Securities, Available-for-sale
The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):
December 28, 2024September 28, 2024
Amortized
Cost Basis		Fair
Value		Unrealized
Gain (Loss)		Amortized
Cost Basis		Fair
Value		Unrealized
Gain (Loss)
Available-for-sale securities:
Debt securities:
U.S. treasury and agency$88 $85 $(3)$86 $85 $(1)
Corporate and asset-backed25 25 — 28 28 — 
v3.25.0.1
Segment Reporting (Tables)
 3 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
Segment Reporting Information, By Segment
Information on segments and a reconciliation to income before income taxes are as follows (in millions): 
Three Months Ended
December 28, 2024December 30, 2023
Sales:
Beef$5,335 $5,023 
Pork1,617 1,517 
Chicken4,065 4,033 
Prepared Foods2,473 2,543 
International/Other584 582 
Intersegment(451)(379)
Total Sales$13,623 $13,319 
Three Months Ended
December 28, 2024December 30, 2023
Operating Income (Loss):
Beef(a)
$(64)$(206)
Pork(b)
59 39 
Chicken(c)
351 177 
Prepared Foods(d)
209 243 
International/Other(e)
25 (22)
Total Operating Income (Loss)580 231 
Total Other (Income) Expense102 70 
Income before Income Taxes$478 $161 
(a) Beef segment results for the three months ended December 28, 2024 included $32 million in network optimization plan charges, recognized in Cost of Sales. Additionally, Beef segment results for the three months ended December 30, 2023 included $40 million of costs related to plant closures and disposals and a $45 million legal contingency accrual, recognized in Cost of Sales.
(b) Pork segment results for the three months ended December 30, 2023 included a $28 million legal contingency accrual, recognized in Cost of Sales.
(c) Chicken segment results for the three months ended December 28, 2024 included $6 million of brand discontinuation charges, recognized in Selling, General and Administrative. Additionally, Chicken segment results for the three months ended December 28, 2024 included network optimization plan charges of $9 million and $2 million, recognized in Cost of Sales and Selling, General and Administrative, respectively. Chicken segment results for the three months ended December 30, 2023 included insurance proceeds, net of costs incurred, of $24 million and costs related to plant closures and disposals of $35 million, recognized in Cost of Sales.
(d) Prepared Foods segment results for the three months ended December 28, 2024 included $25 million in network optimization plan charges, recognized in Cost of Sales. Prepared Foods segment results for the three months ended December 30, 2023 included restructuring and related charges of $1 million and $20 million, recognized in Cost of Sales and Selling, General and Administrative, respectively.
(e) International/Other results for the three months ended December 28, 2024 included $5 million in network optimization plan charges, recognized in Cost of Sales. International/Other results for the three months ended December 30, 2023 included $26 million of costs related to a fire at our production facility in the Netherlands and subsequent decision to sell, recognized in Cost of Sales.
Disaggregation of Revenue, By Segment and Distribution Channel
The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Three months ended December 28, 2024
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$2,657 $1,366 $655 $549 $5,227 $108 $5,335 
Pork553 126 331 285 1,295 322 1,617 
Chicken1,658 1,652 269 465 4,044 21 4,065 
Prepared Foods1,472 894 57 50 2,473 — 2,473 
International/Other— — 584 — 584 — 584 
Intersegment— — — — — (451)(451)
Total$6,340 $4,038 $1,896 $1,349 $13,623 $— $13,623 
Three months ended December 30, 2023
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$2,397 $1,315 $632 $578 $4,922 $101 $5,023 
Pork483 117 353 305 1,258 259 1,517 
Chicken1,713 1,607 217 477 4,014 19 4,033 
Prepared Foods1,488 961 59 35 2,543 — 2,543 
International/Other— — 582 — 582 — 582 
Intersegment— — — — — (379)(379)
Total$6,081 $4,000 $1,843 $1,395 $13,319 $— $13,319 
(a) Includes external sales to consumer products and food retailers, such as grocery retailers, warehouse club stores and internet-based retailers.
(b) Includes external sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(c) Includes external sales to international markets for internationally produced products or export sales of domestically produced products.
(d) Includes external sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories.
v3.25.0.1
Accounting Policies Changes in Accounting Principles (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Sep. 28, 2024
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Selling, General and Administrative $ 515 $ 592  
Operating Income (Loss) 580 231  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 478 161  
Income Tax Expense 112 47  
Net Income 366 114  
Net income attributable to Tyson $ 359 $ 107  
Diluted (USD per share) $ 1.01 $ 0.30  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 262 $ 177  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 262 162  
Inventory, Net 5,114   $ 5,195
Assets, Current 10,082   9,751
Assets 37,310   37,100
Deferred Income Taxes 2,283   2,285
Retained earnings (19,054)   (18,873)
Total Tyson Shareholders’ Equity 18,503   18,390
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 18,627 18,288 18,514
Liabilities and Equity 37,310   37,100
Deferred income taxes (2) (14)  
Increase (Decrease) in Operating Capital 241 698  
Restricted Cash 0 $ 0  
Goodwill $ 9,805   $ 9,819
Indefinite-Lived Intangibles, Percentage of Fair Value in Excess of Carrying Amount     20.00%
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount     20.00%
Chicken Reporting Unit      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Goodwill     $ 3,000
Beef Reporting Unit      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Goodwill     300
Prepared Foods Brand 1      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Indefinite-Lived Intangibles, Gross     $ 500
Class A [Member]      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Basic (USD per share) $ 1.03 $ 0.31  
Class B [Member]      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Basic (USD per share) $ 0.93 $ 0.28  
v3.25.0.1
Acquisitions and Dispositions (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Sep. 28, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]      
Payments to Acquire Equity Method Investments $ 2 $ 26  
Business Acquisition [Line Items]      
Payments to Acquire Equity Method Investments 2 $ 26  
Goodwill $ 9,805   $ 9,819
v3.25.0.1
Dispositions (Details)
$ in Millions
 3 Months Ended
Dec. 30, 2023
USD ($)
Cost of Sales  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Business Exit Costs $ 75
v3.25.0.1
Inventories (Schedule Of Inventory) (Details) - USD ($)
$ in Millions
Dec. 28, 2024
Sep. 28, 2024
Inventory Disclosure [Abstract]    
Processed products $ 2,775 $ 2,897
Livestock 1,496 1,460
Supplies and other 843 838
Total inventory 5,114 5,195
Inventory [Line Items]    
Inventory Valuation Reserves $ 112 $ 115
v3.25.0.1
Property, Plant And Equipment (Details) - USD ($)
$ in Millions
Dec. 28, 2024
Sep. 28, 2024
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 20,056 $ 19,963
Less accumulated depreciation 10,703 10,521
Net Property, Plant and Equipment 9,353 9,442
Land    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 217 220
Buildings and leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 6,978 6,981
Machinery and equipment    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 11,544 11,457
Land improvements and other    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 596 600
Buildings and equipment under construction    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 721 $ 705
v3.25.0.1
Restructuring and Related Charges Restructuring (Details) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Sep. 28, 2024
Restructuring Cost and Reserve [Line Items]      
Business Exit Liability $ 92   $ 103
Plant Closure Payment (11)    
Plant Closure Charges $ 0    
Share-based Payment Arrangement [Member]      
Restructuring Cost and Reserve [Line Items]      
Antidilutive securities excluded from computation of earnings per share, shares 5 7  
Plant Closure and Related Cost, Cash Outflows      
Restructuring Cost and Reserve [Line Items]      
Business Exit Costs   $ 6  
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds $ 2    
Plant Closures and Related Cost, Non-Cash Charges      
Restructuring Cost and Reserve [Line Items]      
Business Exit Costs   69  
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 24    
Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 73    
Restructuring and Related Cost, Expected Cost 93    
Restructuring Reserve 36    
Network Optimization Plan | Restructuring and Related Cost, Cash Outflows      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 29    
Network Optimization Plan | Restructuring and Related Cost, Non-Cash Charges      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 44    
Network Optimization Plan | Effect on Future Earnings, Cash Charges      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Expected Cost 39    
Network Optimization Plan | Effect on Future Earnings, Non-Cash Charges      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Expected Cost 54    
Cost of Sales      
Restructuring Cost and Reserve [Line Items]      
Business Exit Costs   75  
Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 71    
Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Employee Severance [Member]      
Restructuring Cost and Reserve [Line Items]      
Business Exit Liability 2   5
Plant Closure Payment (3)    
Plant Closure Charges 0    
Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 9    
Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 23    
Contract Termination      
Restructuring Cost and Reserve [Line Items]      
Business Exit Liability 90   $ 98
Plant Closure Payment (8)    
Plant Closure Charges 0    
Other Restructuring [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 1    
Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 38    
Beef [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 32    
Beef [Member] | Cost of Sales      
Restructuring Cost and Reserve [Line Items]      
Business Exit Costs   40  
Beef [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 32    
Beef [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Beef [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 5    
Beef [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Beef [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 23    
Beef [Member] | Other Restructuring [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 1    
Beef [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 3    
Pork [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Other Restructuring [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Chicken [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 11    
Chicken [Member] | Cost of Sales      
Restructuring Cost and Reserve [Line Items]      
Business Exit Costs   35  
Unusual or Infrequent Item, or Both, Insurance Proceeds   24  
Chicken [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 9    
Chicken [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Chicken [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Chicken [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Chicken [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Chicken [Member] | Other Restructuring [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Chicken [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 7    
Prepared Foods [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 25    
Prepared Foods [Member] | Cost of Sales | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   1  
Prepared Foods [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 25    
Prepared Foods [Member] | Selling, General and Administrative Expenses [Member] | 2022 Program      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost   20  
Prepared Foods [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Prepared Foods [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 2    
Prepared Foods [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Prepared Foods [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Prepared Foods [Member] | Other Restructuring [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Prepared Foods [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 23    
Corporate and Other [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 5    
Corporate and Other [Member] | Cost of Sales      
Restructuring Cost and Reserve [Line Items]      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 26 $ 26  
Corporate and Other [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 5    
Corporate and Other [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Corporate and Other [Member] | Employee Severance [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Corporate and Other [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Corporate and Other [Member] | Accelerated Depreciation | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Corporate and Other [Member] | Other Restructuring [Member] | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost 0    
Corporate and Other [Member] | Asset Impairment and Write-offs | Cost of Sales | Network Optimization Plan      
Restructuring Cost and Reserve [Line Items]      
Restructuring and Related Cost, Incurred Cost $ 5    
v3.25.0.1
Other Current Liabilities (Schedule of Other Current Liabilities) (Details) - USD ($)
$ in Millions
Dec. 28, 2024
Sep. 28, 2024
Other Liabilities, Current [Abstract]    
Accrued salaries, wages and benefits $ 654 $ 912
Taxes Payable 300 210
Loss Contingency Accrual 328 349
Other 906 840
Other current liabilities $ 2,188 $ 2,311
v3.25.0.1
Debt (Major Components Of Debt) (Details) - USD ($)
 3 Months Ended
Dec. 28, 2024
Sep. 28, 2024
Mar. 08, 2024
Debt Instrument [Line Items]      
Document Period End Date Dec. 28, 2024    
Finance Lease, Liability $ 144,000,000 $ 126,000,000  
Discount on senior notes (36,000,000) (36,000,000)  
Other 168,000,000 168,000,000  
Unamortized debt issuance costs (45,000,000) (46,000,000)  
Total debt 9,806,000,000 9,787,000,000  
Less current debt 95,000,000 74,000,000  
Less current debt 9,711,000,000 9,713,000,000  
Revolving Credit Facility [Member]      
Debt Instrument [Line Items]      
Revolving credit facility 0 0  
Commercial paper      
Debt Instrument [Line Items]      
Commercial paper $ 0 0  
4.00% Notes due March 2026 (“2026 Notes”)      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 4.00%    
Long-term Debt, Gross $ 800,000,000 800,000,000  
3.55% Notes due June 2027      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 3.55%    
Long-term Debt, Gross $ 1,350,000,000 1,350,000,000  
7.00% Notes due January 2028      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 7.00%    
Long-term Debt, Gross $ 18,000,000 18,000,000  
4.35% Notes due March 2029 (“2029 Notes”)      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 4.35%    
Long-term Debt, Gross $ 1,000,000,000 1,000,000,000  
6.13% Notes due November 2032      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 6.13%    
Long-term Debt, Gross $ 157,000,000 157,000,000  
4.88% Notes due August 2034      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 4.88%    
Long-term Debt, Gross $ 500,000,000 500,000,000  
5.15% Notes due August 2044      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 5.15%    
Long-term Debt, Gross $ 500,000,000 500,000,000  
4.55% Notes due June 2047      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 4.55%    
Long-term Debt, Gross $ 750,000,000 750,000,000  
5.10% Notes due September 2048 (“2048 Notes”)      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 5.10%    
Long-term Debt, Gross $ 1,500,000,000 1,500,000,000  
Term Loan Facility Due May 2025      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 5.72%    
Long-term Debt, Gross $ 750,000,000 750,000,000  
Term Loan Facility Due May 2028      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 6.30%    
Long-term Debt, Gross $ 750,000,000 750,000,000  
Five Point Four Zero Percentage Senior Notes Due March, Two Thousand and Twenty Nine      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 5.40%    
Long-term Debt, Gross $ 600,000,000 600,000,000 $ 600,000,000
Five Point Seven Zero Percentage Senior Unsecured Notes Due March, Two Thousand and Thirty Four      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 5.70%    
Long-term Debt, Gross $ 900,000,000 $ 900,000,000 $ 900,000,000
v3.25.0.1
Debt (Narrative) (Details) - USD ($)
 3 Months Ended
Jan. 29, 2025
Mar. 08, 2024
Nov. 01, 2023
Dec. 28, 2024
Dec. 30, 2023
Sep. 28, 2024
May 03, 2023
Debt Instrument [Line Items]              
Document Period End Date       Dec. 28, 2024      
Repayments of Commercial Paper       $ 0 $ 2,240,000,000    
Debt Instrument, Unamortized Discount       36,000,000   $ 36,000,000  
Term Loan Facility Due May 2025              
Debt Instrument [Line Items]              
Debt Instrument, Unused Borrowing Capacity, Amount             $ 750,000,000
Long-term Debt, Gross       $ 750,000,000   750,000,000  
Debt Instrument, Interest Rate, Stated Percentage       5.72%      
Extinguishment of Debt, Amount   $ 250,000,000          
Term Loan Facility Due May 2025 | Subsequent Event [Member]              
Debt Instrument [Line Items]              
Repayments of Debt $ 750,000,000            
Term Loan Facility Due May 2028              
Debt Instrument [Line Items]              
Debt Instrument, Unused Borrowing Capacity, Amount     $ 750,000,000       $ 750,000,000
Long-term Debt, Gross       $ 750,000,000   750,000,000  
Debt Instrument, Interest Rate, Stated Percentage       6.30%      
5.40 Senior Unsecured Notes due March 2029 and 5.70 Senior Unsecured Notes Due March 2034 [Domain]              
Debt Instrument [Line Items]              
Debt Instrument, Unamortized Discount   3,000,000          
Long-Term Debt   1,500,000,000          
Debt Issuance Costs, Gross   14,000,000          
5.40 Senior Unsecured Notes due March 2029 and 5.70 Senior Unsecured Notes Due March 2034 [Domain] | Senior Unsecured Notes              
Debt Instrument [Line Items]              
Proceeds from Issuance of Long-Term Debt       $ 1,497,000,000      
Five Point Four Zero Percentage Senior Notes Due March, Two Thousand and Twenty Nine              
Debt Instrument [Line Items]              
Long-term Debt, Gross   600,000,000   $ 600,000,000   600,000,000  
Debt Instrument, Interest Rate, Stated Percentage       5.40%      
Five Point Seven Zero Percentage Senior Unsecured Notes Due March, Two Thousand and Thirty Four              
Debt Instrument [Line Items]              
Long-term Debt, Gross   $ 900,000,000   $ 900,000,000   900,000,000  
Debt Instrument, Interest Rate, Stated Percentage       5.70%      
4.00% Notes due March 2026 (“2026 Notes”)              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 800,000,000   800,000,000  
Debt Instrument, Interest Rate, Stated Percentage       4.00%      
3.55% Notes due June 2027              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 1,350,000,000   1,350,000,000  
Debt Instrument, Interest Rate, Stated Percentage       3.55%      
7.00% Notes due January 2028              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 18,000,000   18,000,000  
Debt Instrument, Interest Rate, Stated Percentage       7.00%      
4.35% Notes due March 2029 (“2029 Notes”)              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 1,000,000,000   1,000,000,000  
Debt Instrument, Interest Rate, Stated Percentage       4.35%      
6.13% Notes due November 2032              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 157,000,000   157,000,000  
Debt Instrument, Interest Rate, Stated Percentage       6.13%      
4.88% Notes due August 2034              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 500,000,000   500,000,000  
Debt Instrument, Interest Rate, Stated Percentage       4.88%      
5.15% Notes due August 2044              
Debt Instrument [Line Items]              
Long-term Debt, Gross       $ 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%      
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       86,000,000      
Commercial paper              
Debt Instrument [Line Items]              
Maximum borrowing capacity       1,500,000,000      
Commercial paper       $ 0   $ 0  
Repayments of Commercial Paper     $ 592,000,000        
v3.25.0.1
Equity (Schedule of Share Repurchases) (Details) - Class A [Member] - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Class of Stock [Line Items]    
Treasury Stock, Shares, Acquired 0.3 0.3
Payments for Repurchase of Common Stock $ 15 $ 13
Under share repurchase program    
Class of Stock [Line Items]    
Treasury Stock, Shares, Acquired 0.0 0.0
Payments for Repurchase of Common Stock $ 0 $ 0
To fund certain obligations under equity compensation plans    
Class of Stock [Line Items]    
Treasury Stock, Shares, Acquired 0.3 0.3
Payments for Repurchase of Common Stock $ 15 $ 13
v3.25.0.1
Equity (Narrative) (Details) - shares
shares in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Share-based Payment Arrangement [Member]    
Class of Stock [Line Items]    
Antidilutive securities excluded from computation of earnings per share, shares 5.0 7.0
Class A [Member]    
Class of Stock [Line Items]    
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased 7.3  
v3.25.0.1
Income Taxes (Details)
$ in Millions, $ in Millions
 1 Months Ended 3 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 28, 2024
USD ($)
Dec. 30, 2023
Sep. 28, 2024
USD ($)
Income Tax Disclosure [Abstract]          
Effective tax rate for continuing operations     23.50% 29.40%  
Unrecognized tax benefits     $ 154   $ 151
Income Tax Examination [Line Items]          
Effective Income Tax Rate Reconciliation, Percent     23.50% 29.40%  
Netherlands Tax Legistlation          
Income Tax Examination [Line Items]          
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount     $ 9    
Mexican Tax Authority | Tax Year 2015          
Income Tax Disclosure [Abstract]          
Income Tax Examination, Estimate of Possible Loss $ 448 $ 9,000      
Income Tax Examination [Line Items]          
Income Tax Examination, Estimate of Possible Loss $ 448 $ 9,000      
v3.25.0.1
Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Earnings Per Share, Basic and Diluted [Line Items]    
Net Income $ 366 $ 114
Less: Net Income Attributable to Noncontrolling Interests 7 7
Net income attributable to Tyson 359 107
Undistributed earnings (losses) $ 181 $ (67)
Effect of dilutive securities: Stock options, restricted stock and performance units 2 1
Denominator for diluted earnings per share – weighted average shares and assumed conversions 357 355
Diluted $ 1.01 $ 0.30
Share-based Payment Arrangement [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Antidilutive securities excluded from computation of earnings per share, shares 5 7
Class A [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Less dividends declared: $ 146 $ 143
Undistributed earnings (losses) $ 148 $ (55)
Weighted average number of shares outstanding - Basic 285 284
Net Income Per Share Attributable to Tyson - Basic $ 1.03 $ 0.31
Common Stock, Dividends, Per Share, Declared $ 0.510 $ 0.500
Class B [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Less dividends declared: $ 32 $ 31
Undistributed earnings (losses) $ 33 $ (12)
Weighted average number of shares outstanding - Basic 70 70
Net Income Per Share Attributable to Tyson - Basic $ 0.93 $ 0.28
Common Stock, Dividends, Per Share, Declared $ 0.459 $ 0.450
v3.25.0.1
Earnings Per Share (Narrative) (Details)
shares in Millions
 3 Months Ended
Dec. 28, 2024
Classes
shares
Dec. 30, 2023
shares
Earnings Per Share, Basic and Diluted [Line Items]    
Number Of Classes Of Common Stock | Classes 2  
Percentage amount of per share cash dividends paid to holders of Class B stock that cannot exceed paid to holders of Class A stock 90.00%  
Class A [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Undistributed earnings (losses), ratio used to calculate allocation to class of stock 1.0  
Class B [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Undistributed earnings (losses), ratio used to calculate allocation to class of stock 0.9  
Share-based Payment Arrangement [Member]    
Earnings Per Share, Basic and Diluted [Line Items]    
Antidilutive securities excluded from computation of earnings per share, shares | shares 5 7
v3.25.0.1
Derivative Financial Instruments (Aggregate Outstanding Notionals) (Details)
lb in Millions, bu in Millions, $ in Millions
Dec. 28, 2024
USD ($)
lb
bu
T
Sep. 28, 2024
USD ($)
lb
bu
T
Corn (in bushels)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | bu 87 29
Soy Meal (in tons)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount | T 1,222,400 623,400
Live Cattle (in pounds)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount 164 136
Lean Hogs (in pounds)    
Derivative [Line Items]    
Derivative, Nonmonetary Notional Amount 363 351
Foreign Currency [Member]    
Derivative [Line Items]    
Derivative, Notional Amount | $ $ 215 $ 245
v3.25.0.1
Derivative Financial Instruments (Pretax Impact Of Cash Flow Hedge Derivative Instruments On The Consolidated Statements Of Income) (Details)
$ in Millions
 3 Months Ended
Dec. 28, 2024
USD ($)
Commodity contracts  
Derivative [Line Items]  
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months $ 5
v3.25.0.1
Derivative Financial Instruments (Pretax Impact Of Fair Value Hedge Derivative Instruments On The Consolidated Statements of Income) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Sep. 28, 2024
Derivative [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (7) $ (5)  
Fair Value Hedging [Member]      
Derivative [Line Items]      
Derivative Assets (Liabilities), at Fair Value, Net $ 16   $ (3)
v3.25.0.1
Derivative Financial Instruments (Pretax Impact Of Undesignated Derivative Instruments On The Consolidated Statements Of Income) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Derivative [Line Items]    
Cost of Sales $ 12,528 $ 12,496
Other Nonoperating Income (Expense) 7 (25)
Interest Expense, Nonoperating $ 120 $ 105
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ (7) $ (5)
Not Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ 8 $ (4)
Not Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)
Derivative, Gain (Loss) on Derivative, Net $ 8 $ 5
Fair Value Hedging [Member] | Commodity contracts    
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ (4) $ (1)
Cash Flow Hedging [Member] | Commodity contracts    
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ (11) $ 0
Cash Flow Hedging [Member] | Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Expense, Nonoperating Interest Expense, Nonoperating
Derivative, Gain (Loss) on Derivative, Net $ (1) $ 0
v3.25.0.1
Derivative Financial Instruments (Narrative) (Details)
$ in Millions
Dec. 28, 2024
USD ($)
Treasury Rate Locks  
Derivative [Line Items]  
Cash Flow Hedge Gain (Loss) to be Reclassified Over Life of Forecasted Fixed-Rate Debt $ (10)
v3.25.0.1
Derivative Financial Instruments Pretax Impact on OCI (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ (7) $ (5)
Commodity contracts | Not Designated as Hedging Instrument    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ 8 $ (4)
Cash Flow Hedging [Member] | Commodity contracts    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales Cost of Sales
Derivative, Gain (Loss) on Derivative, Net $ (11) $ 0
v3.25.0.1
Fair Value Measurements (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Millions
Dec. 28, 2024
Sep. 28, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Collateral, Right to Reclaim Cash, Offset $ 55 $ 54
Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Netting (6) 0
Total assets 667 690
Derivative Liability, Netting (61) (54)
Total liabilities 8 36
Fair Value, Recurring [Member] | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets 26 22
Total liabilities 0 0
Fair Value, Recurring [Member] | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets 622 640
Total liabilities 69 90
Fair Value, Recurring [Member] | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets 25 28
Total liabilities 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Current 1 10
Other Current Assets [Member] | Fair Value, Recurring [Member] | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Netting (1) (2)
Derivative Asset, Subject to Master Netting Arrangement, after Offset 9 13
Other Current Assets [Member] | Fair Value, Recurring [Member] | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Netting (5) 2
Derivative Asset, Subject to Master Netting Arrangement, after Offset 70 81
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Current 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 1 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 1 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Current 1 10
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 2 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 10 15
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 2 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 75 79
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Current 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 0 0
Other Current Assets [Member] | Fair Value, Recurring [Member] | Level 3 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term Investments 0 0
Other Assets [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation assets 478 483
Debt Securities, Available-for-Sale, Noncurrent 109 103
Other Assets [Member] | Fair Value, Recurring [Member] | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation assets 26 22
Debt Securities, Available-for-Sale, Noncurrent 0 0
Other Assets [Member] | Fair Value, Recurring [Member] | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation assets 452 461
Debt Securities, Available-for-Sale, Noncurrent 84 75
Other Assets [Member] | Fair Value, Recurring [Member] | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation assets 0 0
Debt Securities, Available-for-Sale, Noncurrent 25 28
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, after Offset 0 0
Derivative Liability, Netting (31) (19)
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, after Offset 8 36
Derivative Liability, Netting (30) (35)
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 1 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 1 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 2 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 31 19
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 2 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 38 71
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 3 | Designated as hedges    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset 0 0
Other Current Liabilities [Member] | Fair Value, Recurring [Member] | Level 3 | Undesignated    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Subject to Master Netting Arrangement, before Offset $ 0 $ 0
v3.25.0.1
Fair Value Measurements (Schedule Of Debt Securities Measured At Fair Value On A Recurring Basis, Unobservable Input Reconciliation) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of year $ 28 $ 30
Total unrealized gains (losses) included in other comprehensive income (loss) 0 0
Purchases 0 1
Issuances 0 0
Settlements (3) (1)
Balance at end of period 25 30
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) $ 0 $ 0
v3.25.0.1
Fair Value Measurements (Schedule Of Available For Sale Securities) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Sep. 28, 2024
Maximum [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available For Sale Securities Debt Maturity Period 45 years  
Short Term Investment Maturity Period 12 months  
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 $ 10
Other Current Assets [Member] | Level 1 | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Current 0 0
Other Current Assets [Member] | Level 2 | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Current 1 10
Other Current Assets [Member] | Level 3 | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Current 0 0
Other Assets [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Noncurrent 109 103
Other Assets [Member] | Level 1 | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Noncurrent 0 0
Other Assets [Member] | Level 2 | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Noncurrent 84 75
Other Assets [Member] | Level 3 | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-Sale, Noncurrent 25 28
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 (3) (1)
Debt Securities, Available-for-sale 85 85
Debt Securities, Available-for-Sale, Amortized Cost, Total 88 86
Corporate and asset-backed    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax 0 0
Debt Securities, Available-for-sale 25 28
Debt Securities, Available-for-Sale, Amortized Cost, Total $ 25 $ 28
v3.25.0.1
Fair Value Measurements (Schedule Of Fair Value And Carrying Value Of Debt) (Details) - USD ($)
$ in Millions
Dec. 28, 2024
Sep. 28, 2024
Fair Value Disclosures [Abstract]    
Total Debt, Fair Value $ 9,497 $ 9,638
Total Debt, Carrying Value $ 9,806 $ 9,787
v3.25.0.1
Fair Value Measurement (Narrative) (Details) - Maximum [Member]
 3 Months Ended
Dec. 28, 2024
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 45 years
v3.25.0.1
Segment Reporting (Segment Reporting Information, By Segment) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Sep. 28, 2024
Segment Reporting Information [Line Items]      
Revenues $ 13,623 $ 13,319  
Operating Income (Loss) 580 231  
Total Other (Income) Expense 102 70  
Income before income taxes 478 161  
Loss Contingency Accrual $ 328   $ 349
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Segment Reporting Information, By Segment
Information on segments and a reconciliation to income before income taxes are as follows (in millions): 
Three Months Ended
December 28, 2024December 30, 2023
Sales:
Beef$5,335 $5,023 
Pork1,617 1,517 
Chicken4,065 4,033 
Prepared Foods2,473 2,543 
International/Other584 582 
Intersegment(451)(379)
Total Sales$13,623 $13,319 
Three Months Ended
December 28, 2024December 30, 2023
Operating Income (Loss):
Beef(a)
$(64)$(206)
Pork(b)
59 39 
Chicken(c)
351 177 
Prepared Foods(d)
209 243 
International/Other(e)
25 (22)
Total Operating Income (Loss)580 231 
Total Other (Income) Expense102 70 
Income before Income Taxes$478 $161 
(a) Beef segment results for the three months ended December 28, 2024 included $32 million in network optimization plan charges, recognized in Cost of Sales. Additionally, Beef segment results for the three months ended December 30, 2023 included $40 million of costs related to plant closures and disposals and a $45 million legal contingency accrual, recognized in Cost of Sales.
(b) Pork segment results for the three months ended December 30, 2023 included a $28 million legal contingency accrual, recognized in Cost of Sales.
(c) Chicken segment results for the three months ended December 28, 2024 included $6 million of brand discontinuation charges, recognized in Selling, General and Administrative. Additionally, Chicken segment results for the three months ended December 28, 2024 included network optimization plan charges of $9 million and $2 million, recognized in Cost of Sales and Selling, General and Administrative, respectively. Chicken segment results for the three months ended December 30, 2023 included insurance proceeds, net of costs incurred, of $24 million and costs related to plant closures and disposals of $35 million, recognized in Cost of Sales.
(d) Prepared Foods segment results for the three months ended December 28, 2024 included $25 million in network optimization plan charges, recognized in Cost of Sales. Prepared Foods segment results for the three months ended December 30, 2023 included restructuring and related charges of $1 million and $20 million, recognized in Cost of Sales and Selling, General and Administrative, respectively.
(e) International/Other results for the three months ended December 28, 2024 included $5 million in network optimization plan charges, recognized in Cost of Sales. International/Other results for the three months ended December 30, 2023 included $26 million of costs related to a fire at our production facility in the Netherlands and subsequent decision to sell, recognized in Cost of Sales.
    
Segment Reporting SEGMENT REPORTING
We operate in four reportable segments: Beef, Pork, Chicken, and Prepared Foods. We measure segment profit as operating income (loss). International/Other primarily includes our foreign operations in China, Malaysia, Mexico, South Korea, Thailand and the Kingdom of Saudi Arabia, third-party merger and integration costs and corporate overhead related to Tyson New Ventures, LLC.
Beef
Beef includes our operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes sales from specialty products such as hides, rendered products and variety meats, as well as logistics operations to move products through the supply chain.
Pork
Pork includes our operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes our live swine group, related specialty product processing activities and logistics operations to move products through the supply chain.
Chicken
Chicken includes our domestic operations related to raising and processing live chickens into, and purchasing raw materials for fresh, frozen and value-added chicken products, as well as sales from specialty products. Our value-added chicken products primarily include breaded chicken strips, nuggets, patties and other ready-to-fix or fully cooked chicken parts. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes logistics operations to move products through our domestic supply chain and the global operations of our chicken breeding stock subsidiary.
Prepared Foods
Prepared Foods includes our operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations to move products through the supply chain. This segment includes brands such as Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, as well as artisanal brands Aidells® and Gallo Salame®. Products primarily include ready-to-eat sandwiches, sandwich components such as flame-grilled hamburgers and Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks and processed meats. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets.
We allocate expenses related to corporate activities to the segments, except for third-party merger and integration costs and corporate overhead related to Tyson New Ventures, LLC, which are included in International/Other. Intersegment sales transactions, which were at market prices, are included in the segment sales in the table below.
Information on segments and a reconciliation to income before income taxes are as follows (in millions): 
Three Months Ended
December 28, 2024December 30, 2023
Sales:
Beef$5,335 $5,023 
Pork1,617 1,517 
Chicken4,065 4,033 
Prepared Foods2,473 2,543 
International/Other584 582 
Intersegment(451)(379)
Total Sales$13,623 $13,319 
Three Months Ended
December 28, 2024December 30, 2023
Operating Income (Loss):
Beef(a)
$(64)$(206)
Pork(b)
59 39 
Chicken(c)
351 177 
Prepared Foods(d)
209 243 
International/Other(e)
25 (22)
Total Operating Income (Loss)580 231 
Total Other (Income) Expense102 70 
Income before Income Taxes$478 $161 
(a) Beef segment results for the three months ended December 28, 2024 included $32 million in network optimization plan charges, recognized in Cost of Sales. Additionally, Beef segment results for the three months ended December 30, 2023 included $40 million of costs related to plant closures and disposals and a $45 million legal contingency accrual, recognized in Cost of Sales.
(b) Pork segment results for the three months ended December 30, 2023 included a $28 million legal contingency accrual, recognized in Cost of Sales.
(c) Chicken segment results for the three months ended December 28, 2024 included $6 million of brand discontinuation charges, recognized in Selling, General and Administrative. Additionally, Chicken segment results for the three months ended December 28, 2024 included network optimization plan charges of $9 million and $2 million, recognized in Cost of Sales and Selling, General and Administrative, respectively. Chicken segment results for the three months ended December 30, 2023 included insurance proceeds, net of costs incurred, of $24 million and costs related to plant closures and disposals of $35 million, recognized in Cost of Sales.
(d) Prepared Foods segment results for the three months ended December 28, 2024 included $25 million in network optimization plan charges, recognized in Cost of Sales. Prepared Foods segment results for the three months ended December 30, 2023 included restructuring and related charges of $1 million and $20 million, recognized in Cost of Sales and Selling, General and Administrative, respectively.
(e) International/Other results for the three months ended December 28, 2024 included $5 million in network optimization plan charges, recognized in Cost of Sales. International/Other results for the three months ended December 30, 2023 included $26 million of costs related to a fire at our production facility in the Netherlands and subsequent decision to sell, recognized in Cost of Sales.
The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Three months ended December 28, 2024
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$2,657 $1,366 $655 $549 $5,227 $108 $5,335 
Pork553 126 331 285 1,295 322 1,617 
Chicken1,658 1,652 269 465 4,044 21 4,065 
Prepared Foods1,472 894 57 50 2,473 — 2,473 
International/Other— — 584 — 584 — 584 
Intersegment— — — — — (451)(451)
Total$6,340 $4,038 $1,896 $1,349 $13,623 $— $13,623 
Three months ended December 30, 2023
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$2,397 $1,315 $632 $578 $4,922 $101 $5,023 
Pork483 117 353 305 1,258 259 1,517 
Chicken1,713 1,607 217 477 4,014 19 4,033 
Prepared Foods1,488 961 59 35 2,543 — 2,543 
International/Other— — 582 — 582 — 582 
Intersegment— — — — — (379)(379)
Total$6,081 $4,000 $1,843 $1,395 $13,319 $— $13,319 
(a) Includes external sales to consumer products and food retailers, such as grocery retailers, warehouse club stores and internet-based retailers.
(b) Includes external sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(c) Includes external sales to international markets for internationally produced products or export sales of domestically produced products.
(d) Includes external sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories.
    
Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost $ 73    
Broiler Antitrust Civil Litigation [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency Accrual 65   $ 86
Payments for Legal Settlements 21 15  
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Payments for Legal Settlements 21 15  
Pork [Member]      
Segment Reporting Information [Line Items]      
Revenue from External Customer [Line Items] 1,295 1,258  
Pork [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0    
Pork [Member] | Retail      
Segment Reporting Information [Line Items]      
Revenues 553 483  
Pork [Member] | Foodservice      
Segment Reporting Information [Line Items]      
Revenues 126 117  
Pork [Member] | International      
Segment Reporting Information [Line Items]      
Revenues 331 353  
Pork [Member] | Industrial and Other      
Segment Reporting Information [Line Items]      
Revenues 285 305  
Pork [Member] | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues 322 259  
Beef [Member]      
Segment Reporting Information [Line Items]      
Revenue from External Customer [Line Items] 5,227 4,922  
Beef [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 32    
Beef [Member] | Retail      
Segment Reporting Information [Line Items]      
Revenues 2,657 2,397  
Beef [Member] | Foodservice      
Segment Reporting Information [Line Items]      
Revenues 1,366 1,315  
Beef [Member] | International      
Segment Reporting Information [Line Items]      
Revenues 655 632  
Beef [Member] | Industrial and Other      
Segment Reporting Information [Line Items]      
Revenues 549 578  
Beef [Member] | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues 108 101  
Chicken [Member]      
Segment Reporting Information [Line Items]      
Revenue from External Customer [Line Items] 4,044 4,014  
Chicken [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 11    
Chicken [Member] | Retail      
Segment Reporting Information [Line Items]      
Revenues 1,658 1,713  
Chicken [Member] | Foodservice      
Segment Reporting Information [Line Items]      
Revenues 1,652 1,607  
Chicken [Member] | International      
Segment Reporting Information [Line Items]      
Revenues 269 217  
Chicken [Member] | Industrial and Other      
Segment Reporting Information [Line Items]      
Revenues 465 477  
Chicken [Member] | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues 21 19  
Prepared Foods [Member]      
Segment Reporting Information [Line Items]      
Revenue from External Customer [Line Items] 2,473 2,543  
Prepared Foods [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 25    
Prepared Foods [Member] | Retail      
Segment Reporting Information [Line Items]      
Revenues 1,472 1,488  
Prepared Foods [Member] | Foodservice      
Segment Reporting Information [Line Items]      
Revenues 894 961  
Prepared Foods [Member] | International      
Segment Reporting Information [Line Items]      
Revenues 57 59  
Prepared Foods [Member] | Industrial and Other      
Segment Reporting Information [Line Items]      
Revenues 50 35  
Prepared Foods [Member] | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Corporate and Other [Member]      
Segment Reporting Information [Line Items]      
Revenue from External Customer [Line Items] 584 582  
Corporate and Other [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 5    
Corporate and Other [Member] | Retail      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Corporate and Other [Member] | Foodservice      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Corporate and Other [Member] | International      
Segment Reporting Information [Line Items]      
Revenues 584 582  
Corporate and Other [Member] | Industrial and Other      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Corporate and Other [Member] | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues (451) (379)  
Intersegment Revenues | Intersegment Revenues      
Segment Reporting Information [Line Items]      
Revenues (451)    
Operating Segments [Member] | Pork [Member]      
Segment Reporting Information [Line Items]      
Revenues 1,617 1,517  
Operating Income (Loss) 59 39  
Operating Segments [Member] | Beef [Member]      
Segment Reporting Information [Line Items]      
Revenues 5,335 5,023  
Operating Income (Loss) (64) (206)  
Operating Segments [Member] | Chicken [Member]      
Segment Reporting Information [Line Items]      
Revenues 4,065 4,033  
Operating Income (Loss) 351 177  
Operating Segments [Member] | Prepared Foods [Member]      
Segment Reporting Information [Line Items]      
Revenues 2,473 2,543  
Operating Income (Loss) 209 243  
Segment Reconciling Items [Member] | Corporate and Other [Member]      
Segment Reporting Information [Line Items]      
Revenues 584 582  
Operating Income (Loss) 25 (22)  
Cost of Sales      
Segment Reporting Information [Line Items]      
Business Exit Costs   75  
Cost of Sales | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 71    
Cost of Sales | Pork [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency, Loss in Period   28  
Cost of Sales | Pork [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0    
Cost of Sales | Beef [Member]      
Segment Reporting Information [Line Items]      
Loss Contingency, Loss in Period   45  
Business Exit Costs   40  
Cost of Sales | Beef [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 32    
Cost of Sales | Chicken [Member]      
Segment Reporting Information [Line Items]      
Unusual or Infrequent Item, or Both, Insurance Proceeds   24  
Business Exit Costs   35  
Cost of Sales | Chicken [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 9    
Cost of Sales | Prepared Foods [Member] | 2022 Program      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost   1  
Cost of Sales | Prepared Foods [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 25    
Cost of Sales | Corporate and Other [Member]      
Segment Reporting Information [Line Items]      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds 26 26  
Cost of Sales | Corporate and Other [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 5    
Selling, General and Administrative Expenses [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 2    
Selling, General and Administrative Expenses [Member] | Pork [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0    
Selling, General and Administrative Expenses [Member] | Beef [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0    
Selling, General and Administrative Expenses [Member] | Chicken [Member]      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Brand Discontinuation Charges 6    
Selling, General and Administrative Expenses [Member] | Chicken [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 2    
Selling, General and Administrative Expenses [Member] | Prepared Foods [Member] | 2022 Program      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost   $ 20  
Selling, General and Administrative Expenses [Member] | Prepared Foods [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost 0    
Selling, General and Administrative Expenses [Member] | Corporate and Other [Member] | Network Optimization Plan      
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds [Abstract]      
Restructuring and Related Cost, Incurred Cost $ 0    
v3.25.0.1
Segment Reporting Disaggregation of Revenue (By Segment and Distribution Channel) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Disaggregation of Revenue [Line Items]    
Revenues $ 13,623 $ 13,319
Revenue from Contract with Customer, Excluding Assessed Tax 13,623 13,319
Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 1,617 1,517
Revenue from External Customer [Line Items] 1,295 1,258
Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 4,065 4,033
Revenue from External Customer [Line Items] 4,044 4,014
Intersegment Revenues    
Disaggregation of Revenue [Line Items]    
Revenues (451) (379)
Revenue from Contract with Customer, Excluding Assessed Tax (451) (379)
Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 2,473 2,543
Revenue from External Customer [Line Items] 2,473 2,543
Corporate and Other [Member]    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 584 582
Revenue from External Customer [Line Items] 584 582
Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 5,335 5,023
Revenue from External Customer [Line Items] 5,227 4,922
Retail    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 6,340 6,081
Retail | Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 553 483
Retail | Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 1,658 1,713
Retail | Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 1,472 1,488
Retail | Corporate and Other [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Retail | Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 2,657 2,397
Foodservice    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 4,038 4,000
Foodservice | Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 126 117
Foodservice | Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 1,652 1,607
Foodservice | Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 894 961
Foodservice | Corporate and Other [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Foodservice | Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 1,366 1,315
International    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 1,896 1,843
International | Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 331 353
International | Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 269 217
International | Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 57 59
International | Corporate and Other [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 584 582
International | Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 655 632
Industrial and Other    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 1,349 1,395
Industrial and Other | Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 285 305
Industrial and Other | Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 465 477
Industrial and Other | Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 50 35
Industrial and Other | Corporate and Other [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Industrial and Other | Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 549 578
Intersegment Revenues    
Disaggregation of Revenue [Line Items]    
Revenue from Contract with Customer, Excluding Assessed Tax 0 0
Intersegment Revenues | Pork [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 322 259
Intersegment Revenues | Chicken [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 21 19
Intersegment Revenues | Intersegment Revenues    
Disaggregation of Revenue [Line Items]    
Revenues (451)  
Intersegment Revenues | Prepared Foods [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Intersegment Revenues | Corporate and Other [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Intersegment Revenues | Beef [Member]    
Disaggregation of Revenue [Line Items]    
Revenues $ 108 $ 101
v3.25.0.1
Segment Reporting (Narrative) (Details)
 3 Months Ended
Dec. 28, 2024
Segments
Segment Reporting Information [Line Items]  
Number of Operating Segments 4
v3.25.0.1
Commitments (Narrative) (Details) - USD ($)
$ in Millions
Dec. 28, 2024
Sep. 28, 2024
Dec. 30, 2023
Guarantor Obligations [Line Items]      
Guarantor Obligations, Current Carrying Value $ 0 $ 0  
Potential maximum obligation under cash flow assistance programs 235    
Total receivables under cash flow assistance programs 12 14  
Restricted Cash 0   $ 0
Restricted Cash, Noncurrent $ 0 $ 0  
Restricted Cash and Cash Equivalents, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets Other Assets  
Industrial Revenue Bonds [Member]      
Guarantor Obligations [Line Items]      
Industrial Revenue Bonds $ 852    
Guarantee Obligations [Member]      
Guarantor Obligations [Line Items]      
Guarantor Obligations, Maximum Exposure, Undiscounted $ 0    
v3.25.0.1
Contingencies (Narrative) (Details)
 1 Months Ended 3 Months Ended 12 Months Ended
Dec. 22, 2023
USD ($)
Jan. 19, 2021
USD ($)
Dec. 21, 2016
USD ($)
plaintiff
Nov. 29, 2016
USD ($)
plaintiff
May 31, 2024
USD ($)
Dec. 28, 2024
USD ($)
Dec. 30, 2023
USD ($)
Sep. 28, 2024
USD ($)
Dec. 31, 2004
USD ($)
Loss Contingencies [Line Items]                  
Loss Contingency Accrual           $ 328,000,000   $ 349,000,000  
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 [Member]                  
Loss Contingencies [Line Items]                  
Loss Contingency Accrual           65,000,000   86,000,000  
Payments for Legal Settlements           21,000,000 $ 15,000,000    
Republic of the Philippines, Department of Labor and Employment                  
Loss Contingencies [Line Items]                  
Loss Contingency, Damages Awarded, Value       $ 256,000,000         $ 60,000,000
Wage Rate Litigation                  
Loss Contingencies [Line Items]                  
Litigation Settlement, Amount Awarded to Other Party $ 72,500,000       $ 115,500,000        
Loss Contingency Accrual           116,000,000 $ 72,500,000    
Pork Antitrust Litigation | Pork [Member] | Sales                  
Loss Contingencies [Line Items]                  
Loss Contingency, Loss in Period           $ 45,000,000   $ 45,000,000