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Derivative Financial Instruments (Tables)
 6 Months Ended
Mar. 28, 2015
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
 
March 28, 2015
 
September 27, 2014
Derivative Assets:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Commodity contracts
$
25

 
$
17

Foreign exchange contracts
—

 
—

Total derivative assets – designated
25

 
17

 
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
Commodity contracts
21

 
42

Foreign exchange contracts
—

 
—

Total derivative assets – not designated
21

 
42

Total derivative assets
$
46

 
$
59

Derivative Liabilities:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Commodity contracts
$
15

 
$
78

Foreign exchange contracts
—

 
—

Total derivative liabilities – designated
15

 
78

Derivatives not designated as hedging instruments:
 
 
 
Commodity contracts
17

 
80

Foreign exchange contracts
2

 
2

Total derivative liabilities – not designated
19

 
82

Total derivative liabilities
$
34

 
$
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
 
March 28, 2015
 
September 27, 2014
Commodity:
 
 
 
 
 
Corn
Bushels
 
—

 
—

Soy meal
Tons
 
2,300

 
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
 
March 28,
2015
 
March 29,
2014
 
 
 
March 28,
2015
 
March 29,
2014
Cash Flow Hedge – Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
Commodity contracts
$
(2
)
 
$
8

 
Cost of Sales
 
$
(1
)
 
$
(3
)
Foreign exchange contracts
—

 
—

 
Other Income/Expense
 
—

 
—

Total
$
(2
)
 
$
8

 
 
 
$
(1
)
 
$
(3
)
 
 
 
 
 
 
 
 
 
 
 
Gain/(Loss)
Recognized in OCI
On Derivatives
 
 
Consolidated Condensed
Statements of Income
Classification
 
Gain/(Loss)
Reclassified from
OCI to Earnings
 
 
Six Months Ended
 
 
 
Six Months Ended
 
March 28,
2015
 
March 29,
2014
 
 
 
March 28,
2015
 
March 29,
2014
Cash Flow Hedge – Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
Commodity contracts
$
(2
)
 
$
6

 
Cost of Sales
 
$
(4
)
 
$
(3
)
Foreign exchange contracts
—

 
(1
)
 
Other Income/Expense
 
—

 
—

Total
$
(2
)
 
$
5

 
 
 
$
(4
)
 
$
(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
 
March 28, 2015
 
September 27, 2014
Commodity:
 
 
 
 
 
Live Cattle
Pounds
 
359

 
427

Lean Hogs
Pounds
 
122

 
329
Derivative Instruments, Gain (Loss) [Table Text Block]
 
 
 
 
 
 
 
in millions

 
Consolidated Condensed
Statements of Income
Classification
 
Three Months Ended
 
Six Months Ended
 
 
March 28,
2015
 
March 29,
2014
 
March 28,
2015
 
March 29,
2014
Gain/(Loss) on forwards
Cost of Sales
 
$
32

 
$
(34
)
 
$
(8
)
 
$
(40
)
Gain/(Loss) on purchase contract
Cost of Sales
 
(32
)
 
34

 
8

 
40
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
 
March 28, 2015
 
September 27, 2014
Commodity:
 
 
 
 
 
Corn
Bushels
 
91

 
—

Soy Meal
Tons
 
247,100

 
195,800

Soy Oil
Pounds
 
5

 
3

Live Cattle
Pounds
 
91

 
22

Lean Hogs
Pounds
 
46

 
22

Foreign Currency
United States dollars
 
$
46

 
$
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
 
 
Gain/(Loss)
Recognized in Earnings
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
March 28, 2015
 
March 29, 2014
 
March 28, 2015
 
March 29, 2014
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
 
Commodity contracts
Sales
 
$
(7
)
 
$
30

 
$
(8
)
 
$
32

Commodity contracts
Cost of Sales
 
(8
)
 
(40
)
 
(34
)
 
(42
)
Foreign exchange contracts
Other Income/Expense
 
(2
)
 
2

 
(4
)
 
1

Total
 
 
$
(17
)
 
$
(8
)
 
$
(46
)
 
$
(9
)