XML 57 R40.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative Financial Instruments (Tables)
 12 Months Ended
Sep. 30, 2017
Derivative [Line Items]  
Schedule Of Notional Amount Of Derivatives
We had the following aggregated outstanding notional amounts related to our derivative financial instruments:
 
 
 
 
in millions, except soy meal tons
 
 
 
Metric
 
September 30, 2017

 
October 1, 2016

Corn
 
Bushels
 
55

 
50

Soy Meal
 
Tons
 
475,200

 
389,700

Live Cattle
 
Pounds
 
211

 
28

Lean Hogs
 
Pounds
 
240

 
158

Foreign Currency
 
United States dollar
 
58

 
38
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]  
Derivative [Line Items]  
Derivative Instruments, Gain (Loss)
The following table sets forth the pretax impact of cash flow hedge derivative instruments in the Consolidated Statements of Income:
 
 
 
 
 
 
 
 
 
 
 
in millions
 
 
Gain (Loss)
Recognized in OCI
on Derivatives
 
 
Consolidated
Statements of Income
Classification
 
Gain (Loss)
Reclassified from
OCI to Earnings
 
 
2017

 
2016

 
2015

 
 
 
2017

 
2016

 
2015

Cash Flow Hedge – Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
$
(3
)
 
$
(1
)
 
$
(4
)
 
Cost of Sales
 
$
(4
)
 
$
1

 
$
(7
)
Foreign exchange contracts
—

 
—

 
—

 
Other Income/Expense
 
—

 
—

 
—

Total
$
(3
)
 
$
(1
)
 
$
(4
)
 
 
 
$
(4
)
 
$
1

 
$
(7
)
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]  
Derivative [Line Items]  
Derivative Instruments, Gain (Loss)
 
 
in millions
 
 
 
Consolidated
Statements of Income
Classification
 
2017

 
2016

 
2015

Gain (Loss) on forwards
 
Cost of Sales
 
$
(20
)
 
$
89

 
$
17

Gain (Loss) on purchase contract
 
Cost of Sales
 
20

 
(89
)
 
(17
)
Not Designated as Hedging Instrument [Member]  
Derivative [Line Items]  
Derivative Instruments, Gain (Loss)
The following table sets forth the pretax impact of the undesignated derivative instruments in the Consolidated Statements of Income:
 
 
 
 
 
 
in millions
 
 
 
Consolidated
Statements of Income
Classification
 
Gain (Loss)
Recognized
in Earnings
 
 
 
 
 
2017

 
2016

 
2015

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Commodity contracts
 
Sales
 
$
111

 
$
(73
)
 
$
(62
)
Commodity contracts
 
Cost of Sales
 
(95
)
 
17

 
(33
)
Foreign exchange contracts
 
Other Income/Expense
 
—

 
2

 
(4
)
Total
 
 
 
$
16

 
$
(54
)
 
$
(99
)