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Derivative Financial Instruments (Tables) | 12 Months Ended
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Sep. 28, 2013
Derivative [Line Items] |
Schedule Of Derivative Instruments In Statement Of Financial Position, Fair Value | The following table sets forth the fair value of all derivative instruments outstanding in the Consolidated Balance Sheets:
| in millions |
| Fair Value
| September 28, 2013 |  |  | September 29, 2012 |
Derivative Assets: |  |  |
Derivatives designated as hedging instruments: |  |  |
Commodity contracts | $ | 4 |  |  | $ | 32 |
Foreign exchange contracts | 1 |  |  | — |
Total derivative assets – designated | 5 |  |  | 32 |
Derivatives not designated as hedging instruments: |  |  |
Commodity contracts | 25 |  |  | 21 |
Foreign exchange contracts | 2 |  |  | 1 |
Total derivative assets – not designated | 27 |  |  | 22 |
Total derivative assets | $ | 32 |  |  | $ | 54 |
Derivative Liabilities: |  |  |
Derivatives designated as hedging instruments: |  |  |
Commodity contracts | $ | 29 |  |  | $ | 6 |
Foreign exchange contracts | — |  |  | 1 |
Total derivative liabilities – designated | 29 |  |  | 7 |
Derivatives not designated as hedging instruments: |  |  |
Commodity contracts | 72 |  |  | 96 |
Foreign exchange contracts | 1 |  |  | 2 |
Total derivative liabilities – not designated | 73 |  |  | 98 |
Total derivative liabilities | $ | 102 |  |  | $ | 105 |
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] |
Derivative [Line Items] |
Schedule Of Notional Amount Of Derivatives | We had the following aggregated notional values of outstanding forward and option contracts accounted for as cash flow hedges:
|  |  |  | in millions, except soy meal tons |
|  | Metric |  | September 28, 2013 |  |  | September 29, 2012 |
Commodity: |  |  |  |  |  |
Corn |  | Bushels |  | 5 |  |  | 12 |
Soy Meal |  | Tons |  | 96,800 |  |  | 164,700 |
Foreign Currency |  | United States dollar |  | $ | 60 |  |  | $ | 80 |
Schedule Of Derivative Instruments, Gain (Loss) In Statement Of Financial Performance | The following table sets forth the pretax impact of cash flow hedge derivative instruments in the Consolidated Statements of Income:
|  |  |  |  |  |  |  |  |  |  | in millions |
| Gain/(Loss) Recognized in OCI on Derivatives |  |  | Consolidated Statements of Income Classification |  | Gain/(Loss) Reclassified from OCI to Earnings |
| 2013 |  |  | 2012 |  |  | 2011 |  |  |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Cash Flow Hedge – Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts | $ | (29 | ) |  | $ | 24 |  |  | $ | (5 | ) |  | Cost of Sales |  | $ | (5 | ) |  | $ | (16 | ) |  | $ | 25 |
Foreign exchange contracts | (2 | ) |  | (8 | ) |  | 9 |  |  | Other Income/Expense |  | (4 | ) |  | 4 |  |  | — |
Total | $ | (31 | ) |  | $ | 16 |  |  | $ | 4 |  |  |  |  | $ | (9 | ) |  | $ | (12 | ) |  | $ | 25 |
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] |
Derivative [Line Items] |
Schedule Of Notional Amount Of Derivatives | We had the following aggregated notional values of outstanding forward contracts entered into to hedge firm commitments which are accounted for as a fair value hedge:
|  |  |  |  |  | in millions |
|  | Metric |  | September 28, 2013 |  |  | September 29, 2012 |
Commodity: |  |  |  |  |  |
Live Cattle |  | Pounds |  | 209 |  |  | 232 |
Lean Hogs |  | Pounds |  | 384 |  |  | 239 |
Schedule Of Derivative Instruments, Gain (Loss) In Statement Of Financial Performance |
|  | in millions |
|  | Consolidated Statements of Income Classification |  | 2013 |  |  | 2012 |  |  | 2011 |
Gain/(Loss) on forwards |  | Cost of Sales |  | $ | 21 |  |  | $ | 47 |  |  | $ | (78 | )
Gain/(Loss) on purchase contract |  | Cost of Sales |  | (21 | ) |  | (47 | ) |  | 78 |
Not Designated as Hedging Instrument [Member] |
Derivative [Line Items] |
Schedule Of Notional Amount Of Derivatives | We had the following aggregate outstanding notional values related to our undesignated positions:
|  |  |  | in millions, except soy meal tons |
|  | Metric |  | September 28, 2013 |  |  | September 29, 2012 |
Commodity: |  |  |  |  |  |
Corn |  | Bushels |  | 69 |  |  | 19 |
Soy Meal |  | Tons |  | 204,600 |  |  | 1,200 |
Soy Oil |  | Pounds |  | 11 |  |  | 17 |
Live Cattle |  | Pounds |  | 60 |  |  | 68 |
Lean Hogs |  | Pounds |  | 159 |  |  | 108 |
Foreign Currency |  | United States dollars |  | $ | 95 |  |  | $ | 165 |
Schedule Of Derivative Instruments, Gain (Loss) In Statement Of Financial Performance | The following table sets forth the pretax impact of the undesignated derivative instruments in the Consolidated Statements of Income:
|  |  |  | in millions |
|  | Consolidated Statements of Income Classification |  | Gain/(Loss) Recognized in Earnings |
|  |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Commodity contracts |  | Sales |  | $ | (10 | ) |  | $ | (10 | ) |  | $ | 20 |
Commodity contracts |  | Cost of Sales |  | (24 | ) |  | 51 |  |  | (2 | )
Foreign exchange contracts |  | Other Income/Expense |  | 2 |  |  | — |  |  | (3 | )
Total |  |  |  | $ | (32 | ) |  | $ | 41 |  |  | $ | 15 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41678-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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