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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Oct. 01, 2016
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 |
2016 |  |  |  |  |  |  |  |
Sales |  | $ | 9,152 |  |  | $ | 9,170 |  |  | $ | 9,403 |  |  | $ | 9,156 |
Gross profit |  | 1,201 |  |  | 1,183 |  |  | 1,224 |  |  | 1,089 |
Operating income |  | 776 |  |  | 704 |  |  | 767 |  |  | 586 |
Net income |  | 461 |  |  | 434 |  |  | 485 |  |  | 392 |
Net income attributable to Tyson |  | 461 |  |  | 432 |  |  | 484 |  |  | 391 |
Net income per share attributable to Tyson: |  |  |  |  |  |  |  |
Class A Basic |  | $ | 1.18 |  |  | $ | 1.14 |  |  | $ | 1.29 |  |  | $ | 1.06 |
Class B Basic |  | $ | 1.09 |  |  | $ | 1.02 |  |  | $ | 1.17 |  |  | $ | 0.96 |
Diluted |  | $ | 1.15 |  |  | $ | 1.10 |  |  | $ | 1.25 |  |  | $ | 1.03 |
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 |
Second quarter fiscal 2016 net income included a $12 million recognition of previously unrecognized tax benefits. Third quarter fiscal 2016 net income included a $15 million recognition of previously unrecognized tax benefits and audit settlement. Fourth quarter fiscal 2016 net income included a $26 million recognition of previously unrecognized tax benefits. 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.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: 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=68064558&loc=d3e765-108305 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=68064558&loc=d3e725-108305 + Details
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