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Derivative Financial Instruments (Tables) | 3 Months Ended
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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 |

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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 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41678-113959 Reference 2: 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 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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