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Derivative Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions

We had the following aggregated outstanding notional amounts related to our derivative financial instruments (in millions, except soybean meal tons):

						Metric						September 30, 2023						October 1, 2022
Commodity:
Corn						Bushels						65						44
Soybean Meal						Tons						956,630						532,700
Live Cattle						Pounds						319						280
Lean Hogs						Pounds						454						339
Foreign Currency						United States dollar						$	171					$	249

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 Statements of Income for fiscal years ended 2023, 2022 and 2021(in millions):

Consolidated Statements of Income Classification						2023						2022						2021
Cost of Sales			Gain (Loss) on cash flow hedges reclassified from OCI to Earnings:
			Commodity contracts			$	—					$	—					$	(1)
			Gain (Loss) on fair value hedges:
			Commodity contracts (a)			(19)						(29)						(55)
			Gain (Loss) on derivatives not designated as hedging instruments:
			Commodity contracts			(98)						254						70
Total						$	(117)					$	225					$	14
Interest Expense			Gain (Loss) on cash flow hedges reclassified from OCI to Earnings:
			Interest rate contracts			$	(2)					$	(1)					$	(1)
Other, net			Gain (Loss) on derivatives not designated as hedging instruments:
			Foreign exchange contracts			$	3					$	(9)					$	(5)

(a) Amounts represent gains/(losses) on commodity contracts designated as fair value hedges of firm commitments that were realized during the period presented, which were offset by a corresponding gain/(loss) on the underlying hedged inventory. Gains or losses related to changes in the fair value of unrealized commodity contracts, along with the offsetting gain or loss on the hedged inventory, are also marked-to-market through earnings with no impact on a net basis.

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 Statements of Income in which the effects of hedges are recorded for fiscal years ended 2023, 2022 and 2021(in millions):

Consolidated Statements of Income Classification			2023						2022						2021
Cost of Sales			$	50,250					$	46,614					$	40,523
Interest Expense			355						365						428
Other, net			(42)						(87)						(65)

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 fiscal 2023, 2022 and 2021 were as follows (in millions):

Consolidated Balance Sheets Classification			2023						2022						2021
Inventory			$	16					$	(12)					$	(6)

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