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Segment Reporting (Tables)

12 Months Ended

Sep. 28, 2024

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 for fiscal years ended 2024, 2023 and 2022 (in millions):

			Beef						Pork						Chicken						Prepared Foods												International/Other						Intersegment Sales						Consolidated
2024
Sales			$	20,479					$	5,903					$	16,425					$	9,851											$	2,353					$	(1,702)					$	53,309
Operating Income (Loss)			(381)						(40)						988						879												(37)												1,409
Total Other (Income) Expense																																													317
Income (Loss) before Income Taxes																																													1,092
Depreciation and amortization			164						125						639						389												71												1,388
Total Assets			3,730						1,570						12,121						15,138												4,541												37,100
Additions to property, plant and equipment			138						41						505						334												114												1,132
2023
Sales			$	19,325					$	5,768					$	17,060					$	9,845											$	2,515					$	(1,632)					$	52,881
Operating Income (Loss)			(91)						(139)						(770)						823												(218)												(395)
Total Other (Income) Expense																																													283
Income (Loss) before Income Taxes																																													(678)
Depreciation and amortization			128						68						693						373												67												1,329
Total Assets			3,772						1,696						12,143						15,198												3,442												36,251
Additions to property, plant and equipment			169						62						834						578												296												1,939
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 (Loss) 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

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 September 28, 2024
			Retail(a)						Foodservice(b)						International(c)						Industrial and Other(d)						Total External Customers						Intersegment						Total
Beef			$	9,915					$	5,215					$	2,659					$	2,245					$	20,034					$	445					$	20,479
Pork			1,804						498						1,364						1,078						4,744						1,159						5,903
Chicken			6,994						6,432						957						1,944						16,327						98						16,425
Prepared Foods			5,794						3,629						225						203						9,851						—						9,851
International/Other			—						—						2,353						—						2,353						—						2,353
Intersegment			—						—						—						—						—						(1,702)						(1,702)
Total			$	24,507					$	15,774					$	7,558					$	5,470					$	53,309					$	—					$	53,309

			Twelve months ended September 30, 2023
			Retail(a)						Foodservice(b)						International(c)						Industrial and Other(d)						Total External Customers						Intersegment						Total
Beef			$	8,947					$	4,839					$	2,633					$	2,395					$	18,814					$	511					$	19,325
Pork			1,677						477						1,235						1,338						4,727						1,041						5,768
Chicken			7,483						6,589						1,007						1,901						16,980						80						17,060
Prepared Foods			5,795						3,690						213						147						9,845						—						9,845
International/Other			—						—						2,515						—						2,515						—						2,515
Intersegment			—						—						—						—						—						(1,632)						(1,632)
Total			$	23,902					$	15,595					$	7,603					$	5,781					$	52,881					$	—					$	52,881

			Twelve months ended October 1, 2022
			Retail(a)						Foodservice(b)						International(c)						Industrial and Other(d)						Total External Customers						Intersegment						Total
Beef			$	8,687					$	4,940					$	3,247					$	2,439					$	19,313					$	541					$	19,854
Pork			1,817						516						1,180						1,616						5,129						1,285						6,414
Chicken			7,194						6,475						1,131						1,996						16,796						165						16,961
Prepared Foods			5,587						3,751						191						160						9,689						—						9,689
International/Other			—						—						2,355						—						2,355						—						2,355
Intersegment			—						—						—						—						—						(1,991)						(1,991)
Total			$	23,285					$	15,682					$	8,104					$	6,211					$	53,282					$	—					$	53,282

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

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

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

(d) Includes external 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 2024, the Pork segment included a $45 million reduction in Other due to the recognition of a legal contingency accrual. For fiscal 2023, the Chicken segment included a $156 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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-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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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

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