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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Oct. 03, 2015
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED)
|  |  |  | in millions, except per share data |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
2015 |  |  |  |  |  |  |  |
Sales |  | $ | 10,817 |  |  | $ | 9,979 |  |  | $ | 10,071 |  |  | $ | 10,506 |
Gross profit |  | 956 |  |  | 989 |  |  | 986 |  |  | 986 |
Operating income |  | 509 |  |  | 547 |  |  | 563 |  |  | 550 |
Net income |  | 310 |  |  | 311 |  |  | 344 |  |  | 259 |
Net income attributable to Tyson |  | 309 |  |  | 310 |  |  | 343 |  |  | 258 |
Net income per share attributable to Tyson: |  |  |  |  |  |  |  |
Class A Basic |  | $ | 0.77 |  |  | $ | 0.78 |  |  | $ | 0.86 |  |  | $ | 0.65 |
Class B Basic |  | $ | 0.71 |  |  | $ | 0.71 |  |  | $ | 0.78 |  |  | $ | 0.59 |
Diluted |  | $ | 0.74 |  |  | $ | 0.75 |  |  | $ | 0.83 |  |  | $ | 0.63 |
2014 |  |  |  |  |  |  |  |
Sales |  | $ | 8,761 |  |  | $ | 9,032 |  |  | $ | 9,682 |  |  | $ | 10,105 |
Gross profit |  | 685 |  |  | 651 |  |  | 637 |  |  | 712 |
Operating income |  | 412 |  |  | 361 |  |  | 351 |  |  | 306 |
Net income |  | 252 |  |  | 210 |  |  | 258 |  |  | 136 |
Net income attributable to Tyson |  | 254 |  |  | 213 |  |  | 260 |  |  | 137 |
Net income per share attributable to Tyson: |  |  |  |  |  |  |  |
Class A Basic (a) |  | $ | 0.76 |  |  | $ | 0.64 |  |  | $ | 0.75 |  |  | $ | 0.37 |
Class B Basic |  | $ | 0.68 |  |  | $ | 0.58 |  |  | $ | 0.68 |  |  | $ | 0.32 |
Diluted (a) |  | $ | 0.72 |  |  | $ | 0.60 |  |  | $ | 0.73 |  |  | $ | 0.35 |
(a) The sum of the quarterly earnings per share amounts will not equal the total for the year due to the effects of rounding and dilution impact as a result of issuing Class A shares and tangible equity units in the fourth quarter of fiscal 2014. First quarter fiscal 2015 net income included $19 million pretax expense related to merger and integration, $36 million pretax loss due to costs related to a legacy Hillshire Brands plant fire and a $26 million unrecognized tax benefit gain. Second quarter fiscal 2015 net income included $14 million pretax expense related to merger and integration and $8 million pretax gain due to insurance proceeds (net of costs) related to a legacy Hillshire Brands plant fire. Third quarter fiscal 2015 net income included $16 million pretax expense related to merger and integration, $11 million pretax gains due to insurance proceeds (net of costs) related to a legacy Hillshire Brands plant fire and $21 million pretax gains on sale of equity securities. Fourth quarter fiscal 2015 net income included $8 million pretax expense related to merger and integration, $25 million pretax gains due to insurance proceeds related to a legacy Hillshire Brands plant fire, $169 million pretax China impairment charge, $59 million pretax impairment charges related to our Prepared Foods network optimization, $12 million pretax closure and impairment charges related to the Denison plant closure, $161 million pretax gain on the sale of the Mexico operation and $39 million pretax gain related to our accounting cycle resulting in a 53-week year in fiscal 2015. Third quarter fiscal 2014 net income included $29 million of pretax expense related to the Hillshire Brands acquisition fees paid to third parties, $49 million of pretax expense related to the closure of three Prepared Foods facilities and a $40 million unrecognized tax benefit gain. Fourth quarter fiscal 2014 net income included a $42 million pretax impairment and other costs related to the sale of our Brazil operation and Mexico's undistributed earnings tax, $119 million pretax expense related to the Hillshire Brands acquisition, integration and costs associated with our Prepared Foods improvement plan, $40 million pretax expense related to the Hillshire Brands post-closing results, purchase price accounting adjustments and ongoing costs related to a legacy Hillshire Brands plant fire, $27 million pretax expense related to the Hillshire Brands acquisition financing incremental interest cost and a $12 million unrecognized tax benefit gain.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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