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Acquisitions and Dispositions (Tables)
12 Months Ended
Oct. 03, 2015
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date. The purchase price was allocated based on information available at the acquisition date. During fiscal 2015, we recorded measurement period adjustments, which reduced goodwill by $14 million, after obtaining additional information regarding, among other things, asset valuations and liabilities assumed. The amount was not considered material and therefore prior periods have not been revised. The purchase price allocation was finalized during the fourth quarter of fiscal 2015.
 
in millions
 
Cash and cash equivalents
 
$
72

Accounts receivable
 
236

Inventories
 
414

Other current assets
 
343

Property, Plant and Equipment
 
1,301

Goodwill
 
4,790

Intangible Assets
 
5,141

Other Assets
 
64

Accounts payable
 
(347
)
Other current liabilities
 
(327
)
Long-Term Debt
 
(869
)
Deferred Income Taxes
 
(2,074
)
Other Liabilities
 
(500
)
Net asset acquired
 
$
8,244

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
The fair value of identifiable intangible assets at the acquisition date is as follows:
 
 
 
 
 
 
in millions

Intangible Asset Category
 
Type
 
Life in Years
 
Fair Value
Brands & trademarks
 
Non-amortizable
 
Indefinite
 
$
4,062

Brands & trademarks
 
Amortizable
 
20 years
 
532

Customer relationships
 
Amortizable
 
Weighted average life of 16 years
 
541

Non-compete agreements
 
Amortizable
 
1 year
 
6

Total identifiable intangible assets
 
 
 
 
 
$
5,141

Schedule of Indefinite-lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
The fair value of identifiable intangible assets at the acquisition date is as follows:
 
 
 
 
 
 
in millions

Intangible Asset Category
 
Type
 
Life in Years
 
Fair Value
Brands & trademarks
 
Non-amortizable
 
Indefinite
 
$
4,062

Brands & trademarks
 
Amortizable
 
20 years
 
532

Customer relationships
 
Amortizable
 
Weighted average life of 16 years
 
541

Non-compete agreements
 
Amortizable
 
1 year
 
6

Total identifiable intangible assets
 
 
 
 
 
$
5,141

Business Acquisition, Pro Forma Information [Table Text Block]
These pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the results of operations as they would have been had the acquisitions occurred on the assumed dates, nor is it necessarily an indication of future operating results.
 
in millions (unaudited)
 
 
2014

 
2013

Pro forma sales
$
41,311

 
$
38,195

Pro forma net income from continuing operations attributable to Tyson
1,047

 
655

Pro forma net income per diluted share from continuing operations attributable to Tyson
$
2.50

 
$
1.52

Summary of Net Assets and Liabilities Held for Sale
The following table summarizes the net assets and liabilities held for sale:
 
in millions

 
2014

Assets held for sale:
 
Accounts receivable, net
$
74

Inventories
141

Other current assets
72

Net property, plant and equipment
132

Goodwill
16

Other assets
11

Total assets held for sale
$
446

Liabilities held for sale:
 
Current debt
$
32

Accounts payable
61

Other current liabilities
27

Long-term debt
9

Deferred income taxes
12

Total liabilities held for sale
$
141

The following is a summary of the discontinued operation's results:
 
 
 
 
 
 
in millions

 
 
2015

 
2014

 
2013

Sales
 
$

 
$

 
$
108

 
 
 
 
 
 
 
Pretax loss
 

 

 
(68
)
Income tax expense
 

 

 
2

Loss from discontinued operation, net of tax
 
$

 
$

 
$
(70
)