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Segment Reporting (Tables)

12 Months Ended

Oct. 01, 2022

Segment Reporting [Abstract]

Segment Reporting Information, By Segment

Information on segments and a reconciliation to income from continuing operations before income taxes are as follows (in millions):

			Beef						Pork						Chicken						Prepared Foods												International/Other						Intersegment Sales						Consolidated
2022
Sales			$	19,854					$	6,414					$	16,961					$	9,689											$	2,355					$	(1,991)					$	53,282
Operating Income (Loss)			2,502						193						955						746												14												4,410
Total Other (Income) Expense																																													261
Income before Income Taxes																																													4,149
Depreciation and amortization			128						70						563						372												58												1,191
Total Assets			3,883						1,697						12,386						14,920												3,935												36,821
Additions to property, plant and equipment			136						82						906						456												307												1,887
2021
Sales			$	17,999					$	6,277					$	13,733					$	8,853											$	1,990					$	(1,803)					$	47,049
Operating Income (Loss)			3,240						328						(625)						1,456												(3)												4,396
Total Other (Income) Expense																																													355
Income before Income Taxes																																													4,041
Depreciation and amortization			108						61						564						385												77												1,195
Total Assets			3,678						1,583						11,373						14,630												5,045												36,309
Additions to property, plant and equipment			246						100						518						237												108												1,209
2020
Sales			$	15,742					$	5,128					$	13,234					$	8,532											$	1,856					$	(1,307)					$	43,185
Operating Income (Loss)			1,580						565						122						743												(2)												3,008
Total Other (Income) Expense																																													344
Income before Income Taxes																																													2,664
Depreciation and amortization			106						56						553						398												65												1,178
Total Assets			3,223						1,516						11,028						14,883												3,806												34,456
Additions to property, plant and equipment			219						117						577						211												75												1,199

Disaggregation of Revenue, By Segment and Distribution Channel

The following tables further disaggregate our sales to customers by major distribution channels (in millions):

			Twelve months ended October 1, 2022
			Retail(a)						Foodservice(b)						International(c)						Industrial and Other(d)						Intersegment						Total
Beef			$	8,687					$	4,940					$	3,247					$	2,439					$	541					$	19,854
Pork			1,817						516						1,180						1,616						1,285						6,414
Chicken			7,194						6,475						1,131						1,996						165						16,961
Prepared Foods			5,587						3,751						191						160						—						9,689
International/Other			—						—						2,355						—						—						2,355
Intersegment			—						—						—						—						(1,991)						(1,991)
Total			$	23,285					$	15,682					$	8,104					$	6,211					$	—					$	53,282

			Twelve months ended October 2, 2021
			Retail(a)						Foodservice(b)						International(c)						Industrial and Other(d)						Intersegment						Total
Beef			$	8,779					$	4,326					$	2,720					$	1,719					$	455					$	17,999
Pork			1,787						474						1,173						1,563						1,280						6,277
Chicken			6,112						5,566						770						1,217						68						13,733
Prepared Foods			5,231						3,311						140						171						—						8,853
International/Other			—						—						1,990						—						—						1,990
Intersegment			—						—						—						—						(1,803)						(1,803)
Total			$	21,909					$	13,677					$	6,793					$	4,670					$	—					$	47,049

			Twelve months ended October 3, 2020
			Retail(a)						Foodservice(b)						International(c)						Industrial and Other(d)						Intersegment						Total
Beef			$	8,155					$	3,669					$	2,183					$	1,345					$	390					$	15,742
Pork			1,590						403						1,026						1,244						865						5,128
Chicken			5,935						4,892						642						1,713						52						13,234
Prepared Foods			5,137						3,090						126						179						—						8,532
International/Other			—						—						1,856						—						—						1,856
Intersegment			—						—						—						—						(1,307)						(1,307)
Total			$	20,817					$	12,054					$	5,833					$	4,481					$	—					$	43,185

(a) Includes sales to consumer products and food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.

(b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.

(c) Includes sales to international markets related to internationally produced products or export sales of domestically produced products.

(d) Includes sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories. For fiscal 2021, the Chicken segment included a $545 million reduction in Other due to the recognition of legal contingency accruals.

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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