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Derivative Financial Instruments (Tables) | 12 Months Ended
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Sep. 28, 2019
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 28, 2019 |  |  | September 29, 2018 |
Commodity: |  |  |  |  |  |
Corn |  | Bushels |  | 111 |  |  | 112 |
Soy Meal |  | Tons |  | 1,078,800 |  |  | 651,700 |
Live Cattle |  | Pounds |  | 14 |  |  | 105 |
Lean Hogs |  | Pounds |  | 309 |  |  | 39 |
Foreign Currency |  | United States dollar |  | $ | 148 |  |  | $ | 89 |
Interest Rate Swaps |  | Average monthly debt |  | $ | 400 |  |  | $ | 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 |
| 2019 |  |  | 2018 |  |  | 2017 |  |  |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Cash Flow Hedge – Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts | $ | (15 | ) |  | $ | (21 | ) |  | $ | (3 | ) |  | Cost of Sales |  | $ | (18 | ) |  | $ | (12 | ) |  | $ | (4 | )
Interest rate hedges | (24 | ) |  | 1 |  |  | — |  |  | Interest expense |  | (1 | ) |  | — |  |  | — |
Total | $ | (39 | ) |  | $ | (20 | ) |  | $ | (3 | ) |  |  |  | $ | (19 | ) |  | $ | (12 | ) |  | $ | (4 | )
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] |
Derivative [Line Items] |
Derivative Instruments, Gain (Loss) |
|  | in millions |
|  | Consolidated Statements of Income Classification |  | 2019 |  |  | 2018 |  |  | 2017 |
Gain (Loss) on forwards |  | Cost of Sales |  | $ | 42 |  |  | $ | 12 |  |  | $ | (20 | )
Gain (Loss) on purchase contract |  | Cost of Sales |  | (42 | ) |  | (12 | ) |  | 20 |
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 |
|  |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Commodity contracts |  | Sales |  | $ | (23 | ) |  | $ | 18 |  |  | $ | 111 |
Commodity contracts |  | Cost of Sales |  | 2 |  |  | (33 | ) |  | (95 | )
Foreign exchange contracts |  | Other Income/Expense |  | 8 |  |  | (3 | ) |  | — |
Total |  |  |  | $ | (13 | ) |  | $ | (18 | ) |  | $ | 16 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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