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Derivative Financial Instruments (Tables) | 12 Months Ended
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Oct. 02, 2021
Schedule of Income Statement Items Impacted by Derivatives [Line Items] |
Schedule of Income Statement Items Impacted by Derivatives [Table Text Block] | The following table sets forth the total amounts of each income and expense line item presented in the Consolidated Statements of Income in which the effects of hedges are recorded (in millions):
Consolidated Statements of Income Classification | 2021 |  | 2020 |  | 2019
Cost of Sales | $ | 40,523 |  |  | $ | 37,801 |  |  | $ | 37,383 |
Interest Expense | 428 |  |  | 485 |  |  | 462 |
Other, net | (65) |  |  | (131) |  |  | (55) |
Derivative [Line Items] |
Schedule Of Notional Amount Of Derivatives | We had the following aggregated outstanding notional amounts related to our derivative financial instruments (in millions, except soybean meal tons):
|  | Metric |  | October 2, 2021 |  | October 3, 2020
Commodity: |  |  |  |  |  |
Corn |  | Bushels |  | 37 |  |  | 43 |
Soybean Meal |  | Tons |  | 1,026,733 |  |  | 428,300 |
Live Cattle |  | Pounds |  | 417 |  |  | 234 |
Lean Hogs |  | Pounds |  | 413 |  |  | 283 |
Foreign Currency |  | United States dollar |  | $ | 130 |  |  | $ | 536 |
Derivative Instruments, Gain (Loss) | The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Statements of Income (in millions):
Consolidated Statements of Income Classification | 2021 |  | 2020 |  | 2019
Sales | Gain (Loss) on derivatives not designated as hedging instruments: |  |  |  |  |
| Commodity contracts | $ | — |  |  | $ | — |  |  | $ | (23) |
Cost of Sales | Gain (Loss) on cash flow hedges reclassified from OCI to Earnings: |  |  |  |  |
| Commodity contracts | $ | (1) |  |  | $ | (24) |  |  | $ | (18) |
| Gain (Loss) on fair value hedges: |  |  |  |  |
| Commodity contracts (a) | (55) |  |  | 135 |  |  | 42 |
| Gain (Loss) on derivatives not designated as hedging instruments: |  |  |  |  |
| Commodity contracts | 70 |  |  | (103) |  |  | 2 |
Total |  | $ | 14 |  |  | $ | 8 |  |  | $ | 26 |
Interest Expense | Gain (Loss) on cash flow hedges reclassified from OCI to Earnings: |  |  |  |  |
| Interest rate contracts | $ | (1) |  |  | $ | (6) |  |  | $ | (1) |
Other, net | Gain (Loss) on derivatives not designated as hedging instruments: |  |  |  |  |
| Foreign exchange contracts | $ | (5) |  |  | $ | (5) |  |  | $ | 8 |
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] |
Derivative [Line Items] |
Derivative Instruments, Gain (Loss) | The following table sets forth the pretax impact of cash flow hedge derivative instruments in Other Comprehensive Income (in millions):
Gain (Loss) Recognized in OCI on Derivatives | 2021 |  | 2020 |  | 2019
Cash Flow Hedge – Derivatives designated as hedging instruments: |  |  |  |  |
Commodity contracts | $ | — |  |  | $ | (17) |  |  | $ | (15) |
Interest rate hedges | — |  |  | — |  |  | (24) |
Total | $ | — |  |  | $ | (17) |  |  | $ | (39) |
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] |
Derivative [Line Items] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | The carrying amount of fair value hedge (assets) liabilities as of fiscal 2021, 2020 and 2019 were as follows (in millions):
Consolidated Balance Sheets Classification | 2021 |  | 2020 |  | 2019
Inventory | $ | (6) |  |  | $ | 6 |  |  | $ | (19) |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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