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Segment Reporting (Tables)

9 Months Ended

Jun. 27, 2020

Segment Reporting [Abstract]

Segment Reporting Information, By Segment

Information on segments and a reconciliation to income before income taxes are as follows (in millions): 

	Three Months Ended								Nine Months Ended
	June 27, 2020				June 29, 2019				June 27, 2020				June 29, 2019
Sales:
Beef	$	3,653			$	4,157			$	11,470			$	11,967
Pork	1,115				1,323				3,760				3,674
Chicken	3,112				3,331				9,801				9,853
Prepared Foods	2,035				2,089				6,255				6,265
International/Other	402				356				1,365				776
Intersegment	(295		)		(371		)		(926		)		(1,014		)
Total sales	$	10,022			$	10,885			$	31,725			$	31,521

	Three Months Ended								Nine Months Ended
	June 27, 2020				June 29, 2019				June 27, 2020				June 29, 2019
Operating income (loss):
Beef	$	651			$	270			$	1,170			$	731
Pork	107				42				391				237
Chicken	(120		)		230			(a)	36				531			(a)
Prepared Foods	145				229				494				739
International/Other	(8		)	(b)	10			(b)	11			(b)	(15		)	(b)
Total operating income	775				781				2,102				2,223
Total other expense	108				57				219				258
Income before income taxes	$	667			$	724			$	1,883			$	1,965

(a) Chicken operating income included $13 million in Keystone Foods purchase accounting and acquisition related costs for the nine months ended June 29, 2019.

(b) International/Other operating results included $24 million in Keystone Foods purchase accounting and acquisition related costs for the nine months ended June 29, 2019, and third-party merger and integration costs and corporate overhead of Tyson New Ventures, LLC of $1 million and $10 million for the three months ended June 27, 2020 and June 29, 2019, respectively, and $5 million and $15 million for the nine months ended June 27, 2020, and June 29, 2019, respectively.

Disaggregation of Revenue, By Segment and Distribution Channel

The following tables further disaggregate our sales to customers by major distribution channels (in millions):

	Three months ended June 27, 2020
	Consumer Products(a)				Foodservice(b)				International(c)				Industrial and Other(d)				Intersegment				Total
Beef	$	2,192			$	650			$	444			$	279			$	88			$	3,653
Pork	408				85				214				215				193				1,115
Chicken	1,481				1,046				151				420				14				3,112
Prepared Foods	1,322				651				24				38				—				2,035
International/Other	—				—				402				—				—				402
Intersegment	—				—				—				—				(295		)		(295		)
Total	$	5,403			$	2,432			$	1,235			$	952			$	—			$	10,022

	Three months ended June 29, 2019
	Consumer Products(a)				Foodservice(b)				International(c)				Industrial and Other(d)				Intersegment				Total
Beef	$	1,966			$	1,050			$	648			$	382			$	111			$	4,157
Pork	365				110				243				360				245				1,323
Chicken	1,369				1,330				177				440				15				3,331
Prepared Foods	1,178				823				26				62				—				2,089
International/Other	—				—				356				—				—				356
Intersegment	—				—				—				—				(371		)		(371		)
Total	$	4,878			$	3,313			$	1,450			$	1,244			$	—			$	10,885

	Nine months ended June 27, 2020
	Consumer Products(a)				Foodservice(b)				International(c)				Industrial and Other(d)				Intersegment				Total
Beef	$	5,956			$	2,699			$	1,563			$	967			$	285			$	11,470
Pork	1,191				301				768				900				600				3,760
Chicken	4,420				3,592				479				1,269				41				9,801
Prepared Foods	3,758				2,275				95				127				—				6,255
International/Other	—				—				1,365				—				—				1,365
Intersegment	—				—				—				—				(926		)		(926		)
Total	$	15,325			$	8,867			$	4,270			$	3,263			$	—			$	31,725

	Nine months ended June 29, 2019
	Consumer Products(a)				Foodservice(b)				International(c)				Industrial and Other(d)				Intersegment				Total
Beef	$	5,628			$	3,124			$	1,849			$	1,065			$	301			$	11,967
Pork	1,036				294				678				995				671				3,674
Chicken	4,204				3,767				489				1,351				42				9,853
Prepared Foods	3,643				2,367				70				185				—				6,265
International/Other	—				—				776				—				—				776
Intersegment	—				—				—				—				(1,014		)		(1,014		)
Total	$	14,511			$	9,552			$	3,862			$	3,596			$	—			$	31,521

(a) Includes sales to consumer products and food retailers, such as grocery retailers, warehouse club stores and internet-based retailers.

(b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.

(c) Includes sales to international markets for internationally produced products or export sales of domestically produced products.

(d) Includes sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Consumer Products, Foodservice or International categories.

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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