XML 71 R58.htm IDEA: XBRL DOCUMENT v3.20.4
Business and Summary of Significant Accounting Policies Revision (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Oct. 03, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Oct. 03, 2020
Sep. 28, 2019
Sep. 29, 2018
Sep. 30, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Inventory, Net $ 3,859 $ 3,680 $ 3,792 $ 4,057 $ 3,929 $ 3,966 $ 3,706 $ 3,627 $ 3,859 $ 3,929    
Assets, Current 7,598 7,464 6,866 6,946 6,990 7,250 6,183 6,151 7,598 6,990    
Total Assets 34,456 34,323 33,657 33,564 32,918 33,482 32,305 32,185 34,456 32,918 $ 28,987  
Deferred Income Tax Liabilities, Net 2,317 2,308 2,323 2,306 2,309 2,290 2,228 2,291 2,317 2,309    
Retained earnings 15,100 14,596 14,220 13,994 13,655 13,418 12,869 12,608 15,100 13,655 12,239  
Total Tyson Shareholders’ Equity 15,254 14,685 14,277 14,235 13,950 13,793 13,280 13,016 15,254 13,950    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 15,386 14,831 14,422 14,382 14,094 14,006 13,415 13,148 15,386 14,094 12,721  
Liabilities and Equity 34,456 34,323 33,657 33,564 32,918 33,482 32,305 32,185 34,456 32,918    
Selling, General and Administrative Expense 648 540 506 682 531 545 600 576 2,376 2,252 2,127  
Operating Income (Loss) 962 773 515 758 608 791 592 779 3,008 2,770 2,969  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 837 665 505 657 470 734 485 685 2,664 2,374 2,682  
Income Tax Expense (Benefit) 180 139 126 148 95 45 87 154 593 381 (291)  
Net Income 657 526 379 509 375 689 398 531 2,071 1,993 2,973  
Net Income Attributable to Tyson $ 654 $ 526 $ 376 $ 505 $ 372 $ 684 $ 394 $ 530 $ 2,061 $ 1,980 $ 2,970  
Diluted (USD per share) $ 1.79 $ 1.44 $ 1.03 $ 1.38 $ 1.01 $ 1.87 $ 1.08 $ 1.44 $ 5.64 $ 5.40 $ 8.04  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 695 $ 539 $ 228 $ 547 $ 264 $ 679 $ 420 $ 528 $ 2,009 $ 1,891 $ 2,929  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 692 $ 539 $ 225 $ 543 261 $ 674 $ 416 $ 527 1,999 1,878 2,926  
Deferred income taxes                 18 77 (874)  
(Increase) decrease in inventories                 86 (157) (144)  
Class A [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Total Tyson Shareholders’ Equity $ 38       $ 38       $ 38 $ 38 $ 38 $ 38
Basic (USD per share) $ 1.83 $ 1.48 $ 1.06 $ 1.42 $ 1.04 $ 1.92 $ 1.11 $ 1.49 $ 5.79 $ 5.56 $ 8.29  
Class B [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Total Tyson Shareholders’ Equity $ 7       $ 7       $ 7 $ 7 $ 7 $ 7
Basic (USD per share) $ 1.66 $ 1.33 $ 0.95 $ 1.27 $ 0.93 $ 1.73 $ 0.99 $ 1.34 $ 5.21 $ 4.99 $ 7.46  
Previously Reported                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Inventory, Net $ 4,144 $ 3,915 $ 4,025 $ 4,304 $ 4,108 $ 4,149 $ 3,899 $ 3,777 $ 4,144 $ 4,108    
Assets, Current 7,883 7,699 7,099 7,193 7,169 7,433 6,376 6,301 7,883 7,169    
Total Assets 34,741 34,558 33,890 33,811 33,097 33,665 32,498 32,335 34,741 33,097    
Deferred Income Tax Liabilities, Net 2,391 2,370 2,384 2,369 2,356 2,338 2,278 2,330 2,391 2,356    
Retained earnings 15,311 14,769 14,392 14,178 13,787 13,553 13,012 12,719 15,311 13,787 $ 12,329  
Total Tyson Shareholders’ Equity 15,465 14,858 14,449 14,419 14,082 13,928 13,423 13,127 15,465 14,082    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 15,597 15,004 14,594 14,566 14,226 14,141 13,558 13,259 15,597 14,226    
Liabilities and Equity 34,741 34,558 33,890 33,811 33,097 33,665 32,498 32,335 34,741 33,097    
Selling, General and Administrative Expense 598 538 520 614 535 555 557 548 2,270 2,195 2,064  
Operating Income (Loss) 1,012 775 501 826 604 781 635 807 3,114 2,827 3,032  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 887 667 491 725 466 724 528 713 2,770 2,431 2,745  
Income Tax Expense (Benefit) 192 140 124 164 94 43 98 161 620 396 (282)  
Net Income 695 527 367 561 372 681 430 552 2,150 2,035 3,027  
Net Income Attributable to Tyson $ 692 $ 527 $ 364 $ 557 $ 369 $ 676 $ 426 $ 551 $ 2,140 $ 2,022 $ 3,024  
Diluted (USD per share) $ 1.90 $ 1.44 $ 1.00 $ 1.52 $ 1.01 $ 1.84 $ 1.17 $ 1.50 $ 5.86 $ 5.52 $ 8.19  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 733 $ 540 $ 216 $ 599 $ 261 $ 671 $ 452 $ 549 $ 2,088 $ 1,933 $ 2,983  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 730 $ 540 $ 213 $ 595 $ 258 $ 666 $ 448 $ 548 2,078 1,920 2,980  
Deferred income taxes                 45 92 (865)  
(Increase) decrease in inventories                 $ (20) $ (214) $ (207)  
Previously Reported | Class A [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Basic (USD per share) $ 1.95 $ 1.48 $ 1.03 $ 1.56 $ 1.03 $ 1.90 $ 1.20 $ 1.54 $ 6.02 $ 5.67 $ 8.44  
Previously Reported | Class B [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Basic (USD per share) $ 1.76 $ 1.33 $ 0.92 $ 1.40 $ 0.93 $ 1.71 $ 1.07 $ 1.39 $ 5.41 $ 5.10 $ 7.59  
Revision of Prior Period, Adjustment [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Inventory, Net $ (285) $ (235) $ (233) $ (247) $ (179) $ (183) $ (193) $ (150) $ (285) $ (179)    
Assets, Current (285) (235) (233) (247) (179) (183) (193) (150) (285) (179)    
Total Assets (285) (235) (233) (247) (179) (183) (193) (150) (285) (179)    
Deferred Income Tax Liabilities, Net (74) (62) (61) (63) (47) (48) (50) (39) (74) (47)    
Retained earnings (211) (173) (172) (184) (132) (135) (143) (111) (211) (132)    
Total Tyson Shareholders’ Equity (211) (173) (172) (184) (132) (135) (143) (111) (211) (132)    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (211) (173) (172) (184) (132) (135) (143) (111) (211) (132)    
Liabilities and Equity (285) (235) (233) (247) (179) (183) (193) (150) (285) (179)    
Selling, General and Administrative Expense 50 2 (14) 68 (4) (10) 43 28 106 57 $ 63  
Operating Income (Loss) (50) (2) 14 (68) 4 10 (43) (28) (106) (57) (63)  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (50) (2) 14 (68) 4 10 (43) (28) (106) (57) (63)  
Income Tax Expense (Benefit) (12) (1) 2 (16) 1 2 (11) (7) (27) (15) (9)  
Net Income (38) (1) 12 (52) 3 8 (32) (21) (79) (42) (54)  
Net Income Attributable to Tyson $ (38) $ (1) $ 12 $ (52) $ 3 $ 8 $ (32) $ (21) $ (79) $ (42) $ (54)  
Diluted (USD per share) $ (0.11) $ 0 $ 0.03 $ (0.14) $ 0 $ 0.03 $ (0.09) $ (0.06) $ (0.22) $ (0.12) $ (0.15)  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ (38) $ (1) $ 12 $ (52) $ 3 $ 8 $ (32) $ (21) $ (79) $ (42) $ (54)  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ (38) $ (1) $ 12 $ (52) $ 3 $ 8 $ (32) $ (21) (79) (42) (54)  
Deferred income taxes                 (27) (15) (9)  
(Increase) decrease in inventories                 $ 106 $ 57 $ 63  
Revision of Prior Period, Adjustment [Member] | Class A [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Basic (USD per share) $ (0.12) $ 0 $ 0.03 $ (0.14) $ 0.01 $ 0.02 $ (0.09) $ (0.05) $ (0.23) $ (0.11) $ (0.15)  
Revision of Prior Period, Adjustment [Member] | Class B [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Basic (USD per share) $ (0.10) $ 0 $ 0.03 $ (0.13) $ 0 $ 0.02 $ (0.08) $ (0.05) $ (0.20) $ (0.11) $ (0.13)