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Derivative Financial Instruments (Tables)
 3 Months Ended
Dec. 27, 2014
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 27, 2014
 
September 27, 2014
Derivative Assets:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Commodity contracts
$
31

 
$
17

Foreign exchange contracts
—

 
—

Total derivative assets – designated
31

 
17

 
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
Commodity contracts
31

 
42

Foreign exchange contracts
—

 
—

Total derivative assets – not designated
31

 
42

Total derivative assets
$
62

 
$
59

Derivative Liabilities:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Commodity contracts
$
31

 
$
78

Foreign exchange contracts
—

 
—

Total derivative liabilities – designated
31

 
78

Derivatives not designated as hedging instruments:
 
 
 
Commodity contracts
37

 
80

Foreign exchange contracts
—

 
2

Total derivative liabilities – not designated
37

 
82

Total derivative liabilities
$
68

 
$
160
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 27, 2014
 
September 27, 2014
Commodity:
 
 
 
 
 
Corn
Bushels
 
—

 
—

Soy meal
Tons
 
800

 
2,300

Foreign Currency
United States dollar
 
$
—

 
$
1
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 27,
2014
 
December 28,
2013
 
 
 
December 27,
2014
 
December 28,
2013
Cash Flow Hedge – Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
Commodity contracts
$
—

 
$
(2
)
 
Cost of Sales
 
$
(3
)
 
$
—

Foreign exchange contracts
—

 
(1
)
 
Other Income/Expense
 
—

 
—

Total
$
—

 
$
(3
)
 
 
 
$
(3
)
 
$
—
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 27, 2014
 
September 27, 2014
Commodity:
 
 
 
 
 
Live Cattle
Pounds
 
442

 
427

Lean Hogs
Pounds
 
224

 
329
Derivative Instruments, Gain (Loss) [Table Text Block]
 
 
 
in millions
 
 
Consolidated Condensed
Statements of Income
Classification
 
Three Months Ended
 
 
December 27,
2014
 
December 28,
2013
Gain/(Loss) on forwards
Cost of Sales
 
$
(40
)
 
$
(6
)
Gain/(Loss) on purchase contract
Cost of Sales
 
40

 
6
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 27, 2014
 
September 27, 2014
Commodity:
 
 
 
 
 
Corn
Bushels
 
16

 
—

Soy Meal
Tons
 
281,300

 
195,800

Soy Oil
Pounds
 
21

 
3

Live Cattle
Pounds
 
14

 
22

Lean Hogs
Pounds
 
1

 
22

Foreign Currency
United States dollars
 
$
29

 
$
108
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 27, 2014
 
December 28, 2013
Derivatives not designated as hedging instruments:
 
 
 
 
 
Commodity contracts
Sales
 
$
(1
)
 
$
2

Commodity contracts
Cost of Sales
 
(26
)
 
(2
)
Foreign exchange contracts
Other Income/Expense
 
(2
)
 
(1
)
Total
 
 
$
(29
)
 
$
(1
)