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Goodwill And Intangible Assets
12 Months Ended
Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Intangible Assets
GOODWILL AND INTANGIBLE ASSETS
The following table reflects goodwill activity for fiscal 2018 and 2017:
in millions
 
 
Beef

 
Pork

 
Chicken

 
Prepared
Foods

 
Other(a)

 
Unallocated

 
Consolidated

Balance at October 1, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
$
1,236

 
$
423

 
$
1,565

 
$
4,005

 
$
57

 
$

 
$
7,286

Accumulated impairment losses
(560
)
 

 

 

 
(57
)
 

 
(617
)
 
$
676

 
$
423

 
$
1,565

 
$
4,005

 
$

 
$

 
$
6,669

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2017 Activity:

 

 

 

 

 

 

Acquisition
$

 
$

 
$

 
$

 
$

 
$
2,982

 
$
2,982

Reclass to assets held for sale

 

 

 
(327
)
 

 

 
(327
)
Balance at September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
1,236


423


1,565


3,678


57


2,982


9,941

Accumulated impairment losses
(560
)
 

 

 

 
(57
)
 

 
(617
)
 
$
676

 
$
423

 
$
1,565

 
$
3,678

 
$

 
$
2,982

 
$
9,324

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2018 Activity:
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition
$

 
$

 
$
365

 
$
82

 
$

 
$

 
$
447

Measurement period adjustments

 

 

 

 

 
(2
)
 
(2
)
Allocation of acquired goodwill

 

 
568

 
2,412

 

 
(2,980
)
 

Reclass to assets held for sale

 

 

 
(30
)
 

 

 
(30
)
Balance at September 29, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
1,236


423


2,498


6,142


57




10,356

Accumulated impairment losses
(560
)
 

 

 

 
(57
)
 

 
(617
)

$
676

 
$
423

 
$
2,498

 
$
6,142

 
$

 
$

 
$
9,739


(a) Other included the goodwill from our foreign chicken operation.
The following table reflects intangible assets by type at September 29, 2018, and September 30, 2017:
in millions
 
 
2018

 
2017

Amortizable intangible assets:
 
 
 
Brands and trademarks
$
950

 
$
738

Customer relationships
1,793

 
1,639

Supply Arrangements
358



Patents, intellectual property and other
107

 
114

Land use rights
9

 
9

  Total gross amortizable intangible assets
$
3,217

 
$
2,500

     Less accumulated amortization
536

 
335

  Total net amortizable intangible assets
$
2,681

 
$
2,165

Brands and trademarks not subject to amortization
4,078

 
4,078

  Total intangible assets
$
6,759

 
$
6,243


Amortization expense of $210 million, $107 million and $80 million was recognized during fiscal 2018, 2017 and 2016, respectively. We estimate amortization expense on intangible assets for the next five fiscal years subsequent to September 29, 2018, will be: 2019 - $241 million; 2020 - $240 million; 2021 - $222 million; 2022 - $212 million; 2023 - $201 million.