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Goodwill And Intangible Assets | 12 Months Ended
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Oct. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Intangible Assets | GOODWILL AND INTANGIBLE ASSETS The following table reflects goodwill activity for fiscal 2021 and 2020 (in millions):
| Beef |  | Pork |  | Chicken |  | Prepared Foods |  | International/Other |  | Unallocated |  | Consolidated
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 |
Fiscal 2020 Activity: |  |  |  |  |  |  |  |  |  |  |  |  |
Measurement period adjustments | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 46 |  |  | $ | — |  |  | $ | 46 |
Currency translation and other | — |  |  | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Balance at October 03, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 1,236 |  |  | 423 |  |  | 3,274 |  |  | 6,134 |  |  | 449 |  |  | — |  |  | 11,516 |
Accumulated impairment losses | (560) |  |  | — |  |  | — |  |  | — |  |  | (57) |  |  | — |  |  | (617) |
| $ | 676 |  |  | $ | 423 |  |  | $ | 3,274 |  |  | $ | 6,134 |  |  | $ | 392 |  |  | $ | — |  |  | $ | 10,899 |
Fiscal 2021 Activity: |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of pet treats business | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (350) |  |  | $ | — |  |  | $ | — |  |  | $ | (350) |
Balance at October 02, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 1,236 |  |  | 423 |  |  | 3,274 |  |  | 5,784 |  |  | 449 |  |  | — |  |  | 11,166 |
Accumulated impairment losses | (560) |  |  | — |  |  | — |  |  | — |  |  | (57) |  |  | — |  |  | (617) |
| $ | 676 |  |  | $ | 423 |  |  | $ | 3,274 |  |  | $ | 5,784 |  |  | $ | 392 |  |  | $ | — |  |  | $ | 10,549 |
The following table reflects intangible assets by type at October 2, 2021, and October 3, 2020 (in millions):
| 2021 |  | 2020
Amortizable intangible assets: |  |  |
Brands and trademarks | $ | 951 |  |  | $ | 951 |
Customer relationships | 2,390 |  |  | 2,388 |
Supply Arrangements | 310 |  |  | 310 |
Patents, intellectual property and other | 44 |  |  | 44 |
Land use rights | 12 |  |  | 8 |
Total gross amortizable intangible assets | $ | 3,707 |  |  | $ | 3,701 |
Less accumulated amortization | 1,266 |  |  | 1,005 |
Total net amortizable intangible assets | $ | 2,441 |  |  | $ | 2,696 |
Brands and trademarks not subject to amortization | 4,078 |  |  | 4,078 |
Total intangible assets | $ | 6,519 |  |  | $ | 6,774 |
Amortization expense of $261 million, $278 million and $267 million was recognized during fiscal 2021, 2020 and 2019, respectively. We estimate amortization expense on intangible assets for the next five fiscal years subsequent to October 2, 2021, will be: 2022 - $247 million; 2023 - $228 million; 2024 - $223 million; 2025 - $214 million; 2026 - $207 million.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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