XML 101 R44.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Pensions And Other Postretirement Benefits (Tables) | 12 Months Ended
--- | ---
Sep. 28, 2013
General Discussion of Pension and Other Postretirement Benefits [Abstract] |
Schedule Of Reconciliation Of Changes In Plans' Benefit Obligations, Assets And Funded Status | The following table provides a reconciliation of the changes in the plans’ benefit obligations, assets and funded status at September 28, 2013, and September 29, 2012:
|  |  |  |  |  |  |  |  | in millions |
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Change in benefit obligation |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 101 |  |  | $ | 99 |  |  | $ | 81 |  |  | $ | 62 |  |  | $ | 64 |  |  | $ | 44 |
Service cost | — |  |  | — |  |  | 5 |  |  | 5 |  |  | 2 |  |  | 1 |
Interest cost | 4 |  |  | 4 |  |  | 3 |  |  | 3 |  |  | 2 |  |  | 2 |
Plan participants’ contributions | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Actuarial (gain)/loss | (9 | ) |  | 5 |  |  | (2 | ) |  | 13 |  |  | 7 |  |  | 25 |
Benefits paid | (10 | ) |  | (7 | ) |  | (2 | ) |  | (2 | ) |  | (5 | ) |  | (9 | )
Benefit obligation at end of year | 86 |  |  | 101 |  |  | 85 |  |  | 81 |  |  | 71 |  |  | 64 |
Change in plan assets |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year | 86 |  |  | 74 |  |  | — |  |  | — |  |  | — |  |  | — |
Actual return on plan assets | 3 |  |  | 13 |  |  | — |  |  | — |  |  | — |  |  | — |
Employer contributions | 6 |  |  | 6 |  |  | 2 |  |  | 2 |  |  | 4 |  |  | 8 |
Plan participants’ contributions | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Benefits paid | (10 | ) |  | (7 | ) |  | (2 | ) |  | (2 | ) |  | (5 | ) |  | (9 | )
Fair value of plan assets at end of year | 85 |  |  | 86 |  |  | — |  |  | — |  |  | — |  |  | — |
Funded status | $ | (1 | ) |  | $ | (15 | ) |  | $ | (85 | ) |  | $ | (81 | ) |  | $ | (71 | ) |  | $ | (64 | )
Schedule Of Amounts Recognized In The Consolidated Balance Sheets | Amounts recognized in the Consolidated Balance Sheets consist of:
|  |  |  |  |  |  |  |  | in millions |
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Accrued benefit liability | $ | (1 | ) |  | $ | (15 | ) |  | $ | (85 | ) |  | $ | (81 | ) |  | $ | (71 | ) |  | $ | (64 | )
Accumulated other comprehensive (income)/loss: |  |  |  |  |  |  |  |  |  |  |
Unrecognized actuarial loss | 30 |  |  | 39 |  |  | 23 |  |  | 29 |  |  | — |  |  | — |
Unrecognized prior service (cost)/credit | — |  |  | — |  |  | — |  |  | 1 |  |  | (3 | ) |  | (4 | )
Net amount recognized | $ | 29 |  |  | $ | 24 |  |  | $ | (62 | ) |  | $ | (51 | ) |  | $ | (74 | ) |  | $ | (68 | )
Schedule Of Plans With Accumulated Benefit Obligations In Excess Of Plan Assets | Plans with accumulated benefit obligations in excess of plan assets are as follows:
|  |  |  |  | in millions |
| Pension Benefits
| Qualified |  | Non-Qualified
| 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Projected benefit obligation | $ | 27 |  |  | $ | 101 |  |  | $ | 85 |  |  | $ | 81 |
Accumulated benefit obligation | 27 |  |  | 101 |  |  | 72 |  |  | 69 |
Fair value of plan assets | 26 |  |  | 86 |  |  | — |  |  | — |
Schedule Of Components Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans Recognized In The Consolidated Statements Of Income | Components of net periodic benefit cost for pension and postretirement benefit plans recognized in the Consolidated Statements of Income are as follows:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | in millions |
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2013 |  |  | 2012 |  |  | 2011 |  |  | 2013 |  |  | 2012 |  |  | 2011 |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | — |
Interest cost | 4 |  |  | 4 |  |  | 5 |  |  | 3 |  |  | 3 |  |  | 2 |  |  | 2 |  |  | 2 |  |  | 2 |
Expected return on plan assets | (5 | ) |  | (6 | ) |  | (6 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of prior service cost | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | 1 |  |  | (1 | ) |  | (1 | ) |  | (1 | )
Recognized actuarial loss, net | 4 |  |  | 3 |  |  | 3 |  |  | 3 |  |  | 1 |  |  | — |  |  | 7 |  |  | 24 |  |  | 1 |
Net periodic benefit cost | $ | 3 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 12 |  |  | $ | 10 |  |  | $ | 6 |  |  | $ | 10 |  |  | $ | 26 |  |  | $ | 2 |
Schedule Of Weighted Average Assumptions | Weighted average assumptions are as follows:
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2013 |  |  | 2012 |  |  | 2011 |  |  | 2013 |  |  | 2012 |  |  | 2011 |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Discount rate to determine net periodic benefit cost | 4.02 | % |  | 4.53 | % |  | 5.06 | % |  | 4.23 | % |  | 4.75 | % |  | 5.50 | % |  | 3.66 | % |  | 4.09 | % |  | 4.50 | %
Discount rate to determine benefit obligations | 4.77 | % |  | 4.02 | % |  | 4.53 | % |  | 5.09 | % |  | 4.23 | % |  | 4.75 | % |  | 4.48 | % |  | 3.66 | % |  | 4.09 | %
Rate of compensation increase | N/A |  |  | N/A |  |  | N/A |  |  | 3.50 | % |  | 3.50 | % |  | 3.50 | % |  | N/A |  |  | N/A |  |  | N/A |
Expected return on plan assets | 5.44 | % |  | 6.37 | % |  | 7.79 | % |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |
Schedule Of Actual And Target Asset Allocation For Pension Plan Assets | The following table sets forth the actual and target asset allocation for pension plan assets:
| 2013 |  |  | 2012 |  |  | Target Asset Allocation |
Cash | 1.6 | % |  | 1.6 | % |  | — | %
Fixed Income Securities | 79.1 |  |  | 46.0 |  |  | 83.0 |
U.S. Stock Funds | 4.3 |  |  | 23.5 |  |  | 5.1 |
International Stock Funds | 7.3 |  |  | 23.5 |  |  | 5.1 |
Real Estate | 3.8 |  |  | 5.0 |  |  | 3.4 |
Alternatives | 3.9 |  |  | 0.4 |  |  | 3.4 |
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | %
Schedule Of Categories Of Pension Plan Assets And Level Under Which Fair Values Were Determined In Fair Value Hierarchy | The following table shows the categories of pension plan assets and the level under which fair values were determined in the fair value hierarchy, which is described in Note 13: Fair Value Measurements.
| in millions |
| September 28, 2013
| Level 1 |  |  | Level 2 (a) |  |  | Level 3 (b) |  |  | Total |
Cash and cash equivalents | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Fixed Income Securities Bond Fund | — |  |  | 56 |  |  | — |  |  | 56 |
Equity Securities: |  |  |  |  |  |  |
U.S. stock funds | — |  |  | 3 |  |  | — |  |  | 3 |
International stock funds | — |  |  | 5 |  |  | — |  |  | 5 |
Global real estate funds | — |  |  | 3 |  |  | — |  |  | 3 |
Total equity securities | — |  |  | 11 |  |  | — |  |  | 11 |
Alternative Funds | — |  |  | — |  |  | 3 |  |  | 3 |
Insurance Contract | — |  |  | — |  |  | 14 |  |  | 14 |
Total plan assets | $ | 1 |  |  | $ | 67 |  |  | $ | 17 |  |  | $ | 85 |
(a) | Valued using the net asset value (NAV) provided by the trustee, which is a practical expedient to estimating fair value. The NAV is based on the fair value of the underlying investments within the funds and is determined daily.
(b) | Valued using the plan’s own assumptions about the assumptions market participants would use in pricing the assets based on the best information available, such as investment manager pricing.
Schedule Of Reconciliation Of Change In Fair Value Measurement Of Defined Benefit Plans' Consolidated Assets Using Significant Unobservable Inputs | A reconciliation of the change in the fair value measurement of the defined benefit plans’ consolidated assets using significant unobservable inputs (Level 3) is as follows:
|  |  | in millions |
| Alternative funds |  |  | Insurance contract |  |  | Total |
Balance at September 29, 2012 | $ | — |  |  | $ | 17 |  |  | $ | 17 |
Actual return on plan assets: |  |  |  |  |
Assets still held at reporting date | — |  |  | 1 |  |  | 1 |
Assets sold during the period | — |  |  | — |  |  | — |
Purchases, sales and settlements, net | 3 |  |  | (4 | ) |  | (1 | )
Transfers in and/or out of Level 3 | — |  |  | — |  |  | — |
Balance at September 28, 2013 | $ | 3 |  |  | $ | 14 |  |  | $ | 17 |
Schedule Of Estimated Future Benefit Payments Expected To Be Paid | The following benefit payments are expected to be paid:
|  |  |  |  | in millions |
| Pension Benefits |  | Other Postretirement |
| Qualified |  |  | Non-Qualified |  |  | Benefits |
2014 | $ | 6 |  |  | $ | 2 |  |  | $ | 6 |
2015 | 7 |  |  | 3 |  |  | 6 |
2016 | 5 |  |  | 3 |  |  | 6 |
2017 | 5 |  |  | 3 |  |  | 5 |
2018 | 6 |  |  | 4 |  |  | 5 |
2019-2023 | 27 |  |  | 27 |  |  | 29 |

X
- Definition Schedule Of Actual And Target Asset Allocation For Pension Plan Assets [Table Text Block] + References No definition available. + Details
Name: | tsn_ScheduleOfActualAndTargetAssetAllocationForPensionPlanAssetsTableTextBlock
Namespace Prefix: | tsn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=32704760&loc=d3e4179-114921 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e2439-114920 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e2410-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration