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Derivative Financial Instruments (Tables)
 12 Months Ended
Sep. 29, 2018
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 29, 2018

 
September 30, 2017

Commodity:
 
 
 
 
 
 
Corn
 
Bushels
 
112

 
55

Soy Meal
 
Tons
 
651,700

 
475,200

Live Cattle
 
Pounds
 
105

 
211

Lean Hogs
 
Pounds
 
39

 
240

Foreign Currency
 
United States dollar
 
$
89

 
$
58

Interest rate swap
 
Average monthly debt
 
$
400

 
$
—
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
 
 
2018

 
2017

 
2016

 
 
 
2018

 
2017

 
2016

Cash Flow Hedge – Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
$
(21
)
 
$
(3
)
 
$
(1
)
 
Cost of Sales
 
$
(12
)
 
$
(4
)
 
$
1

Interest rate swaps
1

 
—

 
—

 
Interest expense
 
—

 
—

 
—

Total
$
(20
)
 
$
(3
)
 
$
(1
)
 
 
 
$
(12
)
 
$
(4
)
 
$
1
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]  
Derivative [Line Items]  
Derivative Instruments, Gain (Loss)
 
 
in millions
 
 
 
Consolidated
Statements of Income
Classification
 
2018

 
2017

 
2016

Gain (Loss) on forwards
 
Cost of Sales
 
$
12

 
$
(20
)
 
$
89

Gain (Loss) on purchase contract
 
Cost of Sales
 
(12
)
 
20

 
(89
)
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
 
 
 
 
 
2018

 
2017

 
2016

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Commodity contracts
 
Sales
 
$
18

 
$
111

 
$
(73
)
Commodity contracts
 
Cost of Sales
 
(33
)
 
(95
)
 
17

Foreign exchange contracts
 
Other Income/Expense
 
(3
)
 
—

 
2

Total
 
 
 
$
(18
)
 
$
16

 
$
(54
)