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Derivative Financial Instruments (Tables)
 3 Months Ended
Dec. 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 Condensed Balance Sheets (in millions):
 
Fair Value
 
December 28, 2013
 
September 28, 2013
Derivative Assets:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Commodity contracts
$
8

 
$
4

Foreign exchange contracts
—

 
1

Total derivative assets – designated
8

 
5

 
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
Commodity contracts
18

 
25

Foreign exchange contracts
1

 
2

Total derivative assets – not designated
19

 
27

 
 
 
 
Total derivative assets
$
27

 
$
32

Derivative Liabilities:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Commodity contracts
$
29

 
$
29

Foreign exchange contracts
—

 
—

Total derivative liabilities – designated
29

 
29

Derivatives not designated as hedging instruments:
 
 
 
Commodity contracts
26

 
72

Foreign exchange contracts
2

 
1

Total derivative liabilities – not designated
28

 
73

 
 
 
 
Total derivative liabilities
$
57

 
$
102
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
 
December 28, 2013
 
September 28, 2013
Commodity:
 
 
 
 
 
Corn
Bushels
 
8

 
5

Soy meal
Tons
 
126,700

 
96,800

Foreign Currency
United States dollar
 
$
29

 
$
60
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table sets forth the pretax impact of cash flow hedge derivative instruments on the Consolidated Condensed Statements of Income (in millions):
 
Gain/(Loss)
Recognized in OCI
On Derivatives
 
 
Consolidated Condensed
Statements of Income
Classification
 
Gain/(Loss)
Reclassified from
OCI to Earnings
 
 
Three Months Ended
 
 
 
Three Months Ended
 
December 28,
2013
 
December 29,
2012
 
 
 
December 28,
2013
 
December 29,
2012
Cash Flow Hedge – Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
Commodity contracts
$
(2
)
 
$
(13
)
 
Cost of Sales
 
$
—

 
$
4

Foreign exchange contracts
(1
)
 
—

 
Other Income/Expense
 
—

 
(2
)
Total
$
(3
)
 
$
(13
)
 
 
 
$
—

 
$
2
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
 
December 28, 2013
 
September 28, 2013
Commodity:
 
 
 
 
 
Live Cattle
Pounds
 
233

 
209

Lean Hogs
Pounds
 
368

 
384
Derivative Instruments, Gain (Loss) [Table Text Block]
 
 
 
 
 
in millions

 
Consolidated Condensed
Statements of Income
Classification
 
Three Months Ended
 
 
December 28,
2013
 
December 29,
2012
Gain/(Loss) on forwards
Cost of Sales
 
$
(6
)
 
$
4

Gain/(Loss) on purchase contract
Cost of Sales
 
6

 
(4
)
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
 
December 28, 2013
 
September 28, 2013
Commodity:
 
 
 
 
 
Corn
Bushels
 
28

 
69

Soy Meal
Tons
 
219,800

 
204,600

Soy Oil
Pounds
 
—

 
11

Live Cattle
Pounds
 
28

 
60

Lean Hogs
Pounds
 
75

 
159

Foreign Currency
United States dollars
 
$
203

 
$
95
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table sets forth the pretax impact of the undesignated derivative instruments on the Consolidated Condensed Statements of Income (in millions):
 
Consolidated Condensed
Statements of Income
Classification
 
Gain/(Loss)
Recognized in Earnings
 
 
 
 
Three Months Ended
 
 
 
December 28, 2013
 
December 29, 2012
Derivatives not designated as hedging instruments:
 
 
 
 
 
Commodity contracts
Sales
 
$
2

 
$
11

Commodity contracts
Cost of Sales
 
(2
)
 
(7
)
Foreign exchange contracts
Other Income/Expense
 
(1
)
 
1

Total
 
 
$
(1
)
 
$
5