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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Sep. 28, 2019
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED)
|  |  | in millions, except per share data |
| First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
2019 |  |  |  |  |  |  |
Sales | $ | 10,193 |  |  | $ | 10,443 |  |  | $ | 10,885 |  |  | $ | 10,884 |
Gross profit | 1,355 |  |  | 1,192 |  |  | 1,336 |  |  | 1,139 |
Operating income | 807 |  |  | 635 |  |  | 781 |  |  | 604 |
Net income | 552 |  |  | 430 |  |  | 681 |  |  | 372 |
Net income attributable to Tyson | 551 |  |  | 426 |  |  | 676 |  |  | 369 |
Net income per share attributable to Tyson: |  |  |  |  |  |  |
Class A Basic | $ | 1.54 |  |  | $ | 1.20 |  |  | $ | 1.90 |  |  | $ | 1.03 |
Class B Basic | $ | 1.39 |  |  | $ | 1.07 |  |  | $ | 1.71 |  |  | $ | 0.93 |
Diluted | $ | 1.50 |  |  | $ | 1.17 |  |  | $ | 1.84 |  |  | $ | 1.01 |
2018 |  |  |  |  |  |  |
Sales | $ | 10,229 |  |  | $ | 9,773 |  |  | $ | 10,051 |  |  | $ | 9,999 |
Gross profit | 1,443 |  |  | 1,015 |  |  | 1,299 |  |  | 1,339 |
Operating income | 922 |  |  | 494 |  |  | 797 |  |  | 819 |
Net income | 1,632 |  |  | 316 |  |  | 542 |  |  | 537 |
Net income attributable to Tyson | 1,631 |  |  | 315 |  |  | 541 |  |  | 537 |
Net income per share attributable to Tyson: |  |  |  |  |  |  |
Class A Basic | $ | 4.54 |  |  | $ | 0.88 |  |  | $ | 1.52 |  |  | $ | 1.50 |
Class B Basic | $ | 4.09 |  |  | $ | 0.78 |  |  | $ | 1.37 |  |  | $ | 1.35 |
Diluted | $ | 4.40 |  |  | $ | 0.85 |  |  | $ | 1.47 |  |  | $ | 1.47 |
First quarter fiscal 2019 net income included $26 million pretax Keystone Foods purchase accounting and acquisition related costs, which included an $11 million purchase accounting adjustment for the amortization of the fair value step-up of inventory and $15 million of acquisition related costs, and $8 million pretax restructuring and related charges. Second quarter fiscal 2019 net income included $11 million pretax Keystone Foods acquisition related costs and $8 million pretax restructuring and related charges. Third quarter fiscal 2019 net income included $105 million post tax recognition of previously unrecognized tax benefit, $55 million pretax gain on sale of an investment and $15 million pretax restructuring and related charges. Fourth quarter fiscal 2019 net income included $31 million pretax Beef production plant fire costs, a $41 million pretax impairment charge related to the divestiture of a business, $15 million pretax pension plan termination charge and $10 million pretax restructuring and related charges. First quarter fiscal 2018 net income included a $994 million post tax recognition of tax benefit from remeasurement of net deferred tax liabilities at lower enacted tax rates, $4 million pretax impairment charge net of a realized gain related to the divestiture of non-protein businesses and $19 million pretax restructuring and related charges. Second quarter fiscal 2018 net income included a $9 million post tax recognition of tax benefit from remeasurement of net deferred tax liabilities at lower enacted tax rates, $75 million pretax impairment charge related to the divestiture of non-protein businesses, $109 million one-time cash bonus to frontline employees and $12 million pretax restructuring and related charges. Third quarter fiscal 2018 net income included $14 million pretax restructuring and related charges. Fourth quarter fiscal 2018 net income included a $11 million pretax realized gain related to the divestiture of a non-protein business and $14 million pretax restructuring and related charges.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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