XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.21.1

Accounting Policies Changes in Accounting Principles (Tables) | 6 Months Ended
--- | ---
Apr. 03, 2021
Accounting Policies [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The following tables represent revisions to our consolidated condensed financial information for the periods ended March 28, 2020:
Second Quarter |  |  |  | in millions, except per share data
| Three months ended March 28, 2020 | Six months ended March 28, 2020 |  |
| As originally reported | Adjustments | As revised | As originally reported | Adjustments | As revised |  |  |  |
Consolidated Statements of Income: |  |  |  |  |  |  |  |  |  |
Selling, General and Administrative | $ | 520 |  | $ | (14) |  | $ | 506 |  | $ | 1,134 |  | $ | 54 |  | $ | 1,188 |  |  |  |  |
Operating Income | 501 |  | 14 |  | $ | 515 |  | 1,327 |  | (54) |  | 1,273 |  |  |  |  |
Income before Income Taxes | 491 |  | 14 |  | $ | 505 |  | 1,216 |  | (54) |  | 1,162 |  |  |  |  |
Income Tax Expense (Benefit) | 124 |  | 2 |  | $ | 126 |  | 288 |  | (14) |  | 274 |  |  |  |  |
Net Income | 367 |  | 12 |  | $ | 379 |  | 928 |  | (40) |  | 888 |  |  |  |  |
Net Income Attributable to Tyson | 364 |  | 12 |  | $ | 376 |  | 921 |  | (40) |  | 881 |  |  |  |  |
Net Income Per Share Attributable to Tyson |  |  |  |  |  |  |  |  |  |
Class A Basic | $ | 1.03 |  | $ | 0.03 |  | $ | 1.06 |  | $ | 2.59 |  | $ | (0.11) |  | $ | 2.48 |  |  |  |  |
Class B Basic | $ | 0.92 |  | $ | 0.03 |  | $ | 0.95 |  | $ | 2.32 |  | $ | (0.10) |  | $ | 2.22 |  |  |  |  |
Diluted | $ | 1.00 |  | $ | 0.03 |  | $ | 1.03 |  | $ | 2.52 |  | $ | (0.11) |  | $ | 2.41 |  |  |  |  |
Consolidated Statements of Comprehensive Income: |  |  |  |  |  |  |  |  |  |
Net Income | $ | 367 |  | $ | 12 |  | $ | 379 |  | $ | 928 |  | $ | (40) |  | $ | 888 |  |  |  |  |
Comprehensive Income | 216 |  | 12 |  | 228 |  | 815 |  | (40) |  | 775 |  |  |  |  |
Comprehensive Income Attributable to Tyson | 213 |  | 12 |  | 225 |  | 808 |  | (40) |  | 768 |  |  |  |  |
|  |  |  | As of March 28, 2020 |  |
|  |  |  | As originally reported | Adjustments | As revised |  |  |  |
Consolidated Balance Sheet: |  |  |  |  |  |  |  |  |  |
Inventories |  |  |  | $ | 4,025 |  | $ | (233) |  | $ | 3,792 |  |  |  |  |
Total Current Assets |  |  |  | 7,099 |  | (233) |  | 6,866 |  |  |  |  |
Total Assets |  |  |  | 33,890 |  | (233) |  | 33,657 |  |  |  |  |
Deferred Income Taxes |  |  |  | 2,384 |  | (61) |  | 2,323 |  |  |  |  |
Retained Earnings(a) |  |  |  | 14,392 |  | (172) |  | 14,220 |  |  |  |  |
Total Tyson Shareholders' Equity |  |  |  | 14,449 |  | (172) |  | 14,277 |  |  |  |  |
Total Shareholders' Equity |  |  |  | 14,594 |  | (172) |  | 14,422 |  |  |  |  |
Total Liabilities and Shareholders' Equity |  |  |  | 33,890 |  | (233) |  | 33,657 |  |  |  |  |
|  |  |  | Six months ended March 28, 2020 |  |
|  |  |  | As originally reported | Adjustments | As revised |  |  |  |
Consolidated Statement of Cash Flows: |  |  |  |  |  |  |  |  |  |
Net Income |  |  |  | $ | 928 |  | $ | (40) |  | $ | 888 |  |  |  |  |
Deferred income taxes |  |  |  | 46 |  | (14) |  | 32 |  |  |  |  |
Net changes in operating assets and liabilities |  |  |  | (260) |  | 54 |  | (206) |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration