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Derivative Financial Instruments (Tables) | 6 Months Ended
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Apr. 03, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items] |
Schedule of Derivative Instruments [Table Text Block] | We had the following net aggregated outstanding notional amounts related to our derivative financial instruments:
in millions, except soybean meal tons | Metric |  | April 3, 2021 |  | October 3, 2020
Commodity: |  |  |  |  |
Corn | Bushels |  | 24 |  |  | 43 |
Soybean Meal | Tons |  | 866,033 |  |  | 428,300 |
Live Cattle | Pounds |  | 455 |  |  | 234 |
Lean Hogs | Pounds |  | 394 |  |  | 283 |
Foreign Currency | United States dollar |  | $ | 111 |  |  | $ | 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 |  | Six Months Ended
April 3, 2021 |  | March 28, 2020 |  | April 3, 2021 |  | March 28, 2020
Cost of Sales | Gain (Loss) on cash flow hedges reclassified from OCI to Earnings: |  |  |  |  |  |  |
| Commodity contracts | $ | — |  |  | $ | (5) |  |  | $ | (1) |  |  | $ | (7) |
| Gain (Loss) on fair value hedges: |  |  |  |  |  |  |
| Commodity contracts (a) | (13) |  |  | 31 |  |  | (15) |  |  | 47 |
| Gain (Loss) on derivatives not designated as hedging instruments: |  |  |  |  |  |  |
| Commodity contracts | (2) |  |  | (126) |  |  | 96 |  |  | (97) |
Total |  | $ | (15) |  |  | $ | (100) |  |  | $ | 80 |  |  | $ | (57) |
Interest Expense | Gain (Loss) on cash flow hedges reclassified from OCI to Earnings: |  |  |  |  |  |  |
| Interest rate contracts | $ | (1) |  |  | $ | (1) |  |  | $ | (1) |  |  | $ | (2) |
Other, net | Gain (Loss) on derivatives not designated as hedging instruments: |  |  |  |  |  |  |
| Foreign exchange contracts | $ | — |  |  | $ | (3) |  |  | $ | 1 |  |  | $ | 1 |
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 |  | Six Months Ended
April 3, 2021 |  | March 28, 2020 |  | April 3, 2021 |  | March 28, 2020
Cost of Sales | $ | 10,047 |  |  | $ | 9,867 |  |  | $ | 19,330 |  |  | $ | 19,242 |
Interest Expense | 110 |  |  | 119 |  |  | 220 |  |  | 239 |
Other, net | (12) |  |  | (106) |  |  | (31) |  |  | (122) |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The following table sets forth the pretax impact of cash flow hedge and derivative instruments recognized in Other Comprehensive Income (in millions):
Gain (Loss) Recognized in OCI On Derivatives | Three Months Ended |  | Six Months Ended
April 3, 2021 |  | March 28, 2020 |  | April 3, 2021 |  | March 28, 2020
Cash flow hedge – derivatives designated as hedging instruments: |  |  |  |  |  |  |
Commodity contracts | $ | — |  |  | $ | (11) |  |  | $ | — |  |  | $ | (11) |
Interest rate hedges | — |  |  | (1) |  |  | — |  |  | (1) |
Total | $ | — |  |  | $ | (12) |  |  | $ | — |  |  | $ | (12) |
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 following table sets forth the carrying amount of fair value hedge (assets) liabilities as of April 3, 2021 and October 3, 2020 (in millions):
Consolidated Condensed Balance Sheets Classification |  | April 3, 2021 |  | October 3, 2020 |  |  |  |
Inventory |  |  | $ | 40 |  |  | $ | 6 |  |  |  |  |

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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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