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Income Taxes (Tables)

12 Months Ended

Sep. 27, 2014

Income Tax Disclosure [Abstract]

Schedule Of Provision For Income Taxes From Continuing Operations

Detail of the provision for income taxes from continuing operations consists of the following:

									in millions
	2014				2013				2012
Federal	$	325			$	341			$	310
State	67				38				22
Foreign	4				30				19
	$	396			$	409			$	351
Current	$	501			$	421			$	211
Deferred	(105		)		(12		)		140
	$	396			$	409			$	351

Schedule Of Reasons For Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate

The reasons for the difference between the statutory federal income tax rate and our effective income tax rate from continuing operations are as follows:

	2014			2013			2012
Federal income tax rate	35.0	%		35.0	%		35.0	%
State income taxes	2.8			2.4			1.5
Unrecognized tax benefits, net	(4.7	)		(0.2	)		0.6
Domestic production deduction	(4.0	)		(3.2	)		(1.8	)
Foreign rate differences and valuation allowances	2.8			0.3			1.8
Other	(0.3	)		(1.7	)		(0.7	)
	31.6	%		32.6	%		36.4	%

Schedule Of Tax Effects Of Major Items Recorded As Deferred Tax Assets And Liabilities

The tax effects of major items recorded as deferred tax assets and liabilities as of September 27, 2014, and September 28, 2013, are as follows:

													in millions
	2014								2013
	Deferred Tax								Deferred Tax
	Assets				Liabilities				Assets				Liabilities
Property, plant and equipment	$	—			$	732			$	—			$	525
Suspended taxes from conversion to accrual method	—				66				—				71
Intangible assets	—				2,031				—				29
Inventory	24				121				8				110
Accrued expenses	474				—				209				—
Net operating loss and other carryforwards	96				—				77				—
Insurance reserves	21				—				22				—
Other	80				82				60				98
	$	695			$	3,032			$	376			$	833
Valuation allowance	$	(51	)						$	(77	)
Net deferred tax liability					$	2,388							$	534

Schedule Of Activity Related To Gross Unrecognized Tax Benefits

The following table summarizes the activity related to our gross unrecognized tax benefits at September 27, 2014, September 28, 2013, and September 29, 2012:

									in millions
	2014				2013				2012
Balance as of the beginning of the year	$	175			$	168			$	174
Increases related to current year tax positions	11				3				3
Increases related to prior year tax positions	17				15				5
Increases related to Hillshire Brands balances	136				—				—
Reductions related to prior year tax positions	(20		)		(6		)		(10		)
Reductions related to settlements	(1		)		(2		)		(1		)
Reductions related to expirations of statute of limitations	(46		)		(3		)		(3		)
Balance as of the end of the year	$	272			$	175			$	168

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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