XML 53 R38.htm IDEA: XBRL DOCUMENT v3.21.2

Goodwill And Intangible Assets (Tables)

12 Months Ended

Oct. 02, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule Of Goodwill Activity

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

Schedule Of Other Intangible Assets By Type

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

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

+ Details

Name:	us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration