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Goodwill And Intangible Assets | 12 Months Ended
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Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Intangible Assets | GOODWILL AND INTANGIBLE ASSETS The following table reflects goodwill activity for fiscal 2019 and 2018:
in millions |
| Beef |  |  | Pork |  |  | Chicken |  |  | Prepared Foods |  |  | International/Other |  |  | Unallocated |  |  | Consolidated |
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 |
Fiscal 2019 Activity: |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisition | $ | — |  |  | $ | — |  |  | $ | 779 |  |  | $ | — |  |  | $ | 342 |  |  | $ | — |  |  | $ | 1,121 |
Measurement period adjustments | — |  |  | — |  |  | 66 |  |  | — |  |  | — |  |  | — |  |  | 66 |
Reclass to assets held for sale | — |  |  | — |  |  | (70 | ) |  | (7 | ) |  | — |  |  | — |  |  | (77 | )
Currency translation and other | — |  |  | — |  |  | 1 |  |  | (1 | ) |  | (5 | ) |  | — |  |  | (5 | )
Balance at September 28, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 1,236 |  |  | 423 |  |  | 3,274 |  |  | 6,134 |  |  | 394 |  |  | — |  |  | 11,461 |
Accumulated impairment losses | (560 | ) |  | — |  |  | — |  |  | — |  |  | (57 | ) |  | — |  |  | (617 | )
| $ | 676 |  |  | $ | 423 |  |  | $ | 3,274 |  |  | $ | 6,134 |  |  | $ | 337 |  |  | $ | — |  |  | $ | 10,844 |
The following table reflects intangible assets by type at September 28, 2019, and September 29, 2018:
in millions |
| 2019 |  |  | 2018 |
Amortizable intangible assets: |  |  |
Brands and trademarks | $ | 945 |  |  | $ | 950 |
Customer relationships | 2,389 |  |  | 1,793 |
Supply Arrangements | 310 |  |  | 358 |
Patents, intellectual property and other | 34 |  |  | 107 |
Land use rights | 8 |  |  | 9 |
Total gross amortizable intangible assets | $ | 3,686 |  |  | $ | 3,217 |
Less accumulated amortization | 727 |  |  | 536 |
Total net amortizable intangible assets | $ | 2,959 |  |  | $ | 2,681 |
Brands and trademarks not subject to amortization | 4,078 |  |  | 4,078 |
Total intangible assets | $ | 7,037 |  |  | $ | 6,759 |
Amortization expense of $267 million, $210 million and $107 million was recognized during fiscal 2019, 2018 and 2017, respectively. We estimate amortization expense on intangible assets for the next five fiscal years subsequent to September 28, 2019, will be: 2020 - $276 million; 2021 - $258 million; 2022 - $244 million; 2023 - $225 million; 2024 - $221 million.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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