Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Oct. 03, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule Of Condensed Consolidating Statement Of Income



Condensed Consolidating Statement of Income and Comprehensive Income for the year ended October 3, 2015										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Sales	$	897		$	22,155		$	20,345		$	(2,024	)	$	41,373
Cost of Sales	26			21,675			17,774			(2,019		)	37,456
Gross Profit	871			480			2,571			(5		)	3,917
Selling, General and Administrative	128			260			1,365			(5		)	1,748
Operating Income	743			220			1,206			—			2,169
Other (Income) Expense:
Interest expense, net	263			2			19			—			284
Other, net	(22		)	(2		)	(12		)	—			(36		)
Equity in net earnings of subsidiaries	(925		)	(109		)	—			1,034			—
Total Other (Income) Expense	(684		)	(109		)	7			1,034			248
Income from Continuing Operations before Income Taxes	1,427			329			1,199			(1,034		)	1,921
Income Tax Expense	207			72			418			—			697
Income from Continuing Operations	1,220			257			781			(1,034		)	1,224
Loss from Discontinued Operation, Net of Tax	—			—			—			—			—
Net Income	1,220			257			781			(1,034		)	1,224
Less: Net Gain (Loss) Attributable to Noncontrolling Interests	—			—			4			—			4
Net Income Attributable to Tyson	$	1,220		$	257		$	777		$	(1,034	)	$	1,220

Comprehensive Income (Loss)	$	1,281		$	291		$	840		$	(1,131	)	$	1,281
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interest	—			—			4			—			4
Comprehensive Income (Loss) Attributable to Tyson	$	1,281		$	291		$	836		$	(1,131	)	$	1,277



Condensed Consolidating Statement of Income and Comprehensive Income for the year ended September 27, 2014										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Sales	$	579		$	21,924		$	16,926		$	(1,849	)	$	37,580
Cost of Sales	74			20,971			15,689			(1,839		)	34,895
Gross Profit	505			953			1,237			(10		)	2,685
Selling, General and Administrative	141			240			884			(10		)	1,255
Operating Income	364			713			353			—			1,430
Other (Income) Expense:
Interest expense, net	63			49			13			—			125
Other, net	67			(1		)	(13		)	—			53
Equity in net earnings of subsidiaries	(731		)	(43		)	—			774			—
Total Other (Income) Expense	(601		)	5			—			774			178
Income from Continuing Operations before Income Taxes	965			708			353			(774		)	1,252
Income Tax Expense	101			227			68			—			396
Income from Continuing Operations	864			481			285			(774		)	856
Loss from Discontinued Operation, Net of Tax	—			—			—			—			—
Net Income	864			481			285			(774		)	856
Less: Net Gain (Loss) Attributable to Noncontrolling Interests	—			—			(8		)	—			(8		)
Net Income Attributable to Tyson	$	864		$	481		$	293		$	(774	)	$	864

Comprehensive Income (Loss)	$	817		$	449		$	243		$	(692	)	$	817
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—			—			(8		)	—			(8		)
Comprehensive Income (Loss) Attributable to Tyson	$	817		$	449		$	251		$	(692	)	$	825



Condensed Consolidating Statement of Income and Comprehensive Income for the year ended September 28, 2013										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Sales	$	431		$	19,243		$	16,120		$	(1,420	)	$	34,374
Cost of Sales	40			18,464			14,932			(1,420		)	32,016
Gross Profit	391			779			1,188			—			2,358
Selling, General and Administrative	68			201			714			—			983
Operating Income	323			578			474			—			1,375
Other (Income) Expense:
Interest expense, net	36			62			40			—			138
Other, net	4			(1		)	(23		)	—			(20		)
Equity in net earnings of subsidiaries	(582		)	(40		)	—			622			—
Total Other (Income) Expense	(542		)	21			17			622			118
Income from Continuing Operations before Income Taxes	865			557			457			(622		)	1,257
Income Tax Expense	87			172			150			—			409
Income from Continuing Operations	778			385			307			(622		)	848
Loss from Discontinued Operation, Net of Tax	—			—			(70		)	—			(70		)
Net Income	778			385			237			(622		)	778
Less: Net Gain (Loss) Attributable to Noncontrolling Interests	—			—			—			—			—
Net Income Attributable to Tyson	$	778		$	385		$	237		$	(622	)	$	778

Comprehensive Income (Loss)	$	733		$	380		$	212		$	(592	)	$	733
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—			—			—			—			—
Comprehensive Income (Loss) Attributable to Tyson	$	733		$	380		$	212		$	(592	)	$	733

Schedule Of Condensed Consolidating Balance Sheet



Condensed Consolidating Balance Sheet as of October 3, 2015							in millions
	TFI Parent		TFM Parent		Non- Guarantors		Eliminations			Total
Assets
Current Assets:
Cash and cash equivalents	$	—	$	12	$	676	$	—		$	688
Accounts receivable, net	—		578		1,042		—			1,620
Inventories	1		1,009		1,868		—			2,878
Other current assets	43		91		147		(86		)	195
Assets held for sale	—		—		—		—			—
Total Current Assets	44		1,690		3,733		(86		)	5,381
Net Property, Plant and Equipment	26		975		4,175		—			5,176
Goodwill	—		881		5,786		—			6,667
Intangible Assets	—		10		5,158		—			5,168
Other Assets	129		146		337		—			612
Investment in Subsidiaries	21,850		2,177		—		(24,027		)	—
Total Assets	$	22,049	$	5,879	$	19,189	$	(24,113	)	$	23,004
Liabilities and Shareholders’ Equity
Current Liabilities:
Current debt	$	710	$	1	$	22	$	(18	)	$	715
Accounts payable	28		698		936		—			1,662
Other current liabilities	5,930		152		939		(5,863		)	1,158
Liabilities held for sale	—		—		—		—			—
Total Current Liabilities	6,668		851		1,897		(5,881		)	3,535
Long-Term Debt	5,498		1		511		—			6,010
Deferred Income Taxes	—		98		2,351		—			2,449
Other Liabilities	192		118		994		—			1,304

Total Tyson Shareholders’ Equity	9,691		4,811		13,421		(18,232		)	9,691
Noncontrolling Interests	—		—		15		—			15
Total Shareholders’ Equity	9,691		4,811		13,436		(18,232		)	9,706
Total Liabilities and Shareholders’ Equity	$	22,049	$	5,879	$	19,189	$	(24,113	)	$	23,004



Condensed Consolidating Balance Sheet as of September 27, 2014							in millions
	TFI Parent		TFM Parent		Non- Guarantors		Eliminations			Total
Assets
Current Assets:
Cash and cash equivalents	$	—	$	41	$	397	$	—		$	438
Accounts receivable, net	3		665		1,016		—			1,684
Inventories	—		1,272		2,002		—			3,274
Other current assets	42		78		379		(120		)	379
Assets held for sale	3		—		443		—			446
Total Current Assets	48		2,056		4,237		(120		)	6,221
Net Property, Plant and Equipment	30		932		4,168		—			5,130
Goodwill	—		881		5,825		—			6,706
Intangible Assets	—		15		5,261		—			5,276
Other Assets	204		148		326		(55		)	623
Investment in Subsidiaries	20,845		2,049		—		(22,894		)	—
Total Assets	$	21,127	$	6,081	$	19,817	$	(23,069	)	$	23,956
Liabilities and Shareholders’ Equity
Current Liabilities:
Current debt	$	240	$	—	$	403	$	—		$	643
Accounts payable	35		755		1,016		—			1,806
Other current liabilities	4,718		235		921		(4,667		)	1,207
Liabilities held for sale	—		—		141		—			141
Total Current Liabilities	4,993		990		2,481		(4,667		)	3,797
Long-Term Debt	7,056		2		532		(55		)	7,535
Deferred Income Taxes	21		96		2,333		—			2,450
Other Liabilities	167		125		978		—			1,270

Total Tyson Shareholders’ Equity	8,890		4,868		13,479		(18,347		)	8,890
Noncontrolling Interests	—		—		14		—			14
Total Shareholders’ Equity	8,890		4,868		13,493		(18,347		)	8,904
Total Liabilities and Shareholders’ Equity	$	21,127	$	6,081	$	19,817	$	(23,069	)	$	23,956

Schedule Of Condensed Consolidating Statement Of Cash Flows



Condensed Consolidating Statement of Cash Flows for the year ended October 3, 2015										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Cash Provided by (Used for) Operating Activities	$	274		$	476		$	1,841		$	(21	)	$	2,570
Cash Flows from Investing Activities:
Additions to property, plant and equipment	—			(159		)	(695		)	—			(854		)
(Purchases of)/Proceeds from marketable securities, net	21			—			(7		)	—			14
Acquisitions, net of cash acquired	—			—			—			—			—
Proceeds from sale of businesses	—			—			539			—			539
Other, net	23			1			7			—			31
Cash Provided by (Used for) Investing Activities	44			(158		)	(156		)	—			(270		)
Cash Flows from Financing Activities:
Net change in debt	(1,092		)	—			(402		)	—			(1,494		)
Proceeds from issuance of common stock, net of issuance costs	—			—			—			—			—
Proceeds from issuance of equity component of tangible equity units	—			—			—			—			—
Purchases of Tyson Class A common stock	(495		)	—			—			—			(495		)
Dividends	(147		)	—			(21		)	21			(147		)
Stock options exercised	84			—			—			—			84
Other, net	22			—			(5		)	—			17
Net change in intercompany balances	1,310			(347		)	(963		)	—			—
Cash Provided by (Used for) Financing Activities	(318		)	(347		)	(1,391		)	21			(2,035		)
Effect of Exchange Rate Change on Cash	—			—			(15		)	—			(15		)
Increase (Decrease) in Cash and Cash Equivalents	—			(29		)	279			—			250
Cash and Cash Equivalents at Beginning of Year	—			41			397			—			438
Cash and Cash Equivalents at End of Period	$	—		$	12		$	676		$	—		$	688



Condensed Consolidating Statement of Cash Flows for the year ended September 27, 2014										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Cash Provided by (Used for) Operating Activities	$	132		$	431		$	660		$	(45	)	$	1,178
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(1		)	(147		)	(484		)	—			(632		)
(Purchases of)/Proceeds from marketable securities, net	—			—			15			—			15
Acquisitions, net of cash acquired	(8,193		)	—			—			—			(8,193		)
Proceeds from sale of businesses	—			—			—			—			—
Other, net	5			2			3			—			10
Cash Provided by (Used for) Investing Activities	(8,189		)	(145		)	(466		)	—			(8,800		)
Cash Flows from Financing Activities:
Net change in debt	5,154			—			(12		)	—			5,142
Proceeds from issuance of common stock, net of issuance costs	873			—			—			—			873
Proceeds from issuance of equity component of tangible equity units	1,255			—			—			—			1,255
Purchases of Tyson Class A common stock	(295		)	—			—			—			(295		)
Dividends	(104		)	—			(45		)	45			(104		)
Stock options exercised	67			—			—			—			67
Other, net	(22		)	—			(1		)	—			(23		)
Net change in intercompany balances	1,129			(266		)	(863		)	—			—
Cash Provided by (Used for) Financing Activities	8,057			(266		)	(921		)	45			6,915
Effect of Exchange Rate Change on Cash	—			—			—			—			—
Increase (Decrease) in Cash and Cash Equivalents	—			20			(727		)	—			(707		)
Cash and Cash Equivalents at Beginning of Year	—			21			1,124			—			1,145
Cash and Cash Equivalents at End of Period	$	—		$	41		$	397		$	—		$	438



Condensed Consolidating Statement of Cash Flows for the year ended September 28, 2013										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Cash Provided by (Used for) Operating Activities	$	294		$	337		$	696		$	(13	)	$	1,314
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(4		)	(113		)	(441		)	—			(558		)
(Purchases of)/Proceeds from marketable securities, net	—			(13		)	(5		)	—			(18		)
Acquisitions, net of cash acquired	—			—			(106		)	—			(106		)
Proceeds from sale of businesses	—			—			—			—			—
Other, net	—			3			36			—			39
Cash Provided by (Used for) Investing Activities	(4		)	(123		)	(516		)	—			(643		)
Cash Flows from Financing Activities:
Net change in debt	5			—			(28		)	—			(23		)
Proceeds from issuance of common stock, net of issuance costs	—			—			—			—			—
Proceeds from issuance of equity component of tangible equity units	—			—			—			—			—
Purchases of Tyson Class A common stock	(614		)	—			—			—			(614		)
Dividends	(104		)	—			(13		)	13			(104		)
Stock options exercised	123			—			—			—			123
Other, net	18			—			—			—			18
Net change in intercompany balances	281			(202		)	(79		)	—			—
Cash Provided by (Used for) Financing Activities	(291		)	(202		)	(120		)	13			(600		)
Effect of Exchange Rate Change on Cash	—			—			3			—			3
Increase (Decrease) in Cash and Cash Equivalents	(1		)	12			63			—			74
Cash and Cash Equivalents at Beginning of Year	1			9			1,061			—			1,071
Cash and Cash Equivalents at End of Period	$	—		$	21		$	1,124		$	—		$	1,145