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Goodwill And Intangible Assets
12 Months Ended
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.