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Goodwill And Intangible Assets | 12 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | GOODWILL AND INTANGIBLE ASSETS The following table reflects goodwill activity for fiscal years 2023 and 2022 (in millions):
| Beef |  | Pork |  | Chicken |  | Prepared Foods |  | International/Other |  | Consolidated
Balance at October 2, 2021 (a) | $ | 676 |  |  | $ | 423 |  |  | $ | 3,274 |  |  | $ | 5,784 |  |  | $ | 392 |  |  | $ | 10,549 |
Fiscal 2022 Activity: |  |  |  |  |  |  |  |  |  |  |
Currency translation | — |  |  | — |  |  | (1) |  |  | — |  |  | (35) |  |  | (36) |
Balance at October 1, 2022 (a) | $ | 676 |  |  | $ | 423 |  |  | $ | 3,273 |  |  | $ | 5,784 |  |  | $ | 357 |  |  | $ | 10,513 |
Fiscal 2023 Activity: |  |  |  |  |  |  |  |  |  |  |
Acquisitions | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 118 |  |  | $ | 19 |  |  | $ | 137 |
Measurement period adjustments | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Impairment losses | (333) |  |  | — |  |  | (210) |  |  | — |  |  | (238) |  |  | (781) |
Currency translation | — |  |  | — |  |  | 1 |  |  | — |  |  | 6 |  |  | 7 |
Balance at September 30, 2023 (a) | $ | 343 |  |  | $ | 423 |  |  | $ | 3,064 |  |  | $ | 5,904 |  |  | $ | 144 |  |  | $ | 9,878 |
(a) Included in goodwill as of September 30, 2023 are accumulated impairment losses of $893 million in Beef, $210 million in Chicken and $295 million in International/Other. Included in goodwill as of October 1, 2022 and October 2, 2021 are accumulated impairment losses of $560 million in Beef and $57 million in International/Other. The following table reflects intangible assets by type as of September 30, 2023 and October 1, 2022 (in millions):
| 2023 |  | 2022
Amortizable intangible assets: |  |  |
Brands and trademarks | $ | 1,007 |  |  | $ | 951 |
Customer relationships | 2,389 |  |  | 2,371 |
Supply arrangements | 310 |  |  | 310 |
Patents, intellectual property and other | 46 |  |  | 45 |
Land use rights | 9 |  |  | 9 |
Total gross amortizable intangible assets | $ | 3,761 |  |  | $ | 3,686 |
Less accumulated amortization | 1,741 |  |  | 1,512 |
Total net amortizable intangible assets | $ | 2,020 |  |  | $ | 2,174 |
Brands and trademarks not subject to amortization | 4,078 |  |  | 4,078 |
Total intangible assets | $ | 6,098 |  |  | $ | 6,252 |
Amortization expense of $229 million, $246 million and $261 million was recognized during fiscal 2023, 2022 and 2021, respectively. We estimate amortization expense on intangible assets for the next five fiscal years subsequent to September 30, 2023, will be: 2024 - $226 million; 2025 - $217 million; 2026 - $211 million; 2027 - $199 million; 2028 - $191 million.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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