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Derivative Financial Instruments (Tables) | 3 Months Ended
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Jan. 02, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items] |
Schedule of Derivative Instruments [Table Text Block] | We had the following aggregated outstanding notional amounts related to our derivative financial instruments:
in millions, except soybean meal tons | Metric |  | January 2, 2021 |  | October 3, 2020
Commodity: |  |  |  |  |
Corn | Bushels |  | 5 |  |  | 43 |
Soybean Meal | Tons |  | 579,833 |  |  | 428,300 |
Live Cattle | Pounds |  | 165 |  |  | 234 |
Lean Hogs | Pounds |  | 254 |  | 283
Foreign Currency | United States dollar |  | $ | 412 |  |  | $ | 536 |
Derivative Instruments, Gain (Loss) [Table Text Block] | The following table sets forth the pretax impact of the cash flow, fair value and undesignated derivative instruments in the Consolidated Condensed Statements of Income (in millions):
Consolidated Condensed Statements of Income Classification | Three Months Ended |  |
January 2, 2021 |  | December 28, 2019 |  |  |  |
Cost of Sales | Gain (Loss) on cash flow hedges reclassified from OCI to Earnings: |  |  |  |  |  |  |
| Commodity contracts | $ | (1) |  |  | $ | (2) |  |  |  |  |
| Gain (Loss) on fair value hedges: |  |  |  |  |  |  |
| Commodity contracts (a) | (2) |  |  | 16 |  |  |  |  |
| Gain (Loss) on derivatives not designated as hedging instruments: |  |  |  |  |  |  |
| Commodity contracts | 98 |  |  | 29 |  |  |  |  |
Total |  | $ | 95 |  |  | $ | 43 |  |  |  |  |
Interest Expense | Gain (Loss) on cash flow hedges reclassified from OCI to Earnings: |  |  |  |  |  |  |
| Interest rate contracts | $ | — |  |  | $ | (1) |  |  |  |  |
Other, net | Gain (Loss) on derivatives not designated as hedging instruments: |  |  |  |  |  |  |
| Foreign exchange contracts | $ | 1 |  |  | $ | 4 |  |  |  |  |
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 Condensed Statements of Income in which the effects of hedges are recorded (in millions):
Consolidated Condensed Statements of Income Classification | Three Months Ended |  |
January 2, 2021 |  | December 28, 2019 |  |  |  |
Cost of Sales | $ | 9,283 |  |  | $ | 9,375 |  |  |  |  |
Interest Expense | 110 |  |  | 120 |  |  |  |  |
Other, net | (19) |  |  | (16) |  |  |  |  |
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] |
Derivative Instruments and Hedging Activities Disclosures [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 January 2, 2021 and October 3, 2020 were as follows (in millions):
Consolidated Condensed Balance Sheets Classification |  | January 2, 2021 |  | October 3, 2020 |  |  |  |
Inventory |  |  | $ | 8 |  |  | $ | 6 |  |  |  |  |

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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=121590274&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=121590274&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=121590274&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=121590274&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=121590274&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=121590274&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=121590274&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=121590274&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=121590274&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=121590274&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=121590274&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=121590274&loc=SL5579240-113959 + Details
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