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Segment Reporting (Tables) | 9 Months Ended
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Jun. 29, 2024
Segment Reporting [Abstract] |
Segment Reporting Information, By Segment | Information on segments and a reconciliation to income before income taxes are as follows (in millions):
| Three Months Ended |  | Nine Months Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Sales: |  |  |  |  |  |  |
Beef | $ | 5,241 |  |  | $ | 4,956 |  |  | $ | 15,218 |  |  | $ | 14,296 |
Pork | 1,462 |  |  | 1,324 |  |  | 4,465 |  |  | 4,274 |
Chicken | 4,076 |  |  | 4,212 |  |  | 12,174 |  |  | 12,905 |
Prepared Foods | 2,432 |  |  | 2,383 |  |  | 7,379 |  |  | 7,343 |
International/Other | 582 |  |  | 633 |  |  | 1,744 |  |  | 1,879 |
Intersegment | (440) |  |  | (368) |  |  | (1,236) |  |  | (1,164) |
Total Sales | $ | 13,353 |  |  | $ | 13,140 |  |  | $ | 39,744 |  |  | $ | 39,533 |
| Three Months Ended |  | Nine Months Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Operating Income (Loss): |  |  |  |  |  |  |
Beef(a) | $ | (69) |  |  | $ | 66 |  |  | $ | (310) |  |  | $ | 232 |
Pork(b) | (62) |  |  | (74) |  |  | (24) |  |  | (128) |
Chicken(c) | 244 |  |  | (314) |  |  | 579 |  |  | (503) |
Prepared Foods | 203 |  |  | 206 |  |  | 676 |  |  | 705 |
International/Other(d) | 25 |  |  | (234) |  |  | (37) |  |  | (238) |
Total Operating Income (Loss) | 341 |  |  | (350) |  |  | 884 |  |  | 68 |
Total Other (Income) Expense | 88 |  |  | 76 |  |  | 267 |  |  | 190 |
Income (Loss) before Income Taxes | $ | 253 |  |  | $ | (426) |  |  | $ | 617 |  |  | $ | (122) |
(a) Beef segment results for the nine months ended June 29, 2024 included a $45 million legal contingency accrual and $41 million of costs related to plant closures recognized in Cost of Sales. Beef segment results for the nine months ended July 1, 2023 included $42 million of insurance proceeds, net of costs incurred, recognized in Cost of Sales. (b) Pork segment results for the three and nine months ended June 29, 2024 included $39 million and $73 million, respectively, of costs related to plant closures, recognized in Cost of Sales. Additionally, Pork segment results for the three and nine months ended June 29, 2024 included $45 million and $73 million, respectively, related to the recognition of legal contingency accruals, of which the amount recognized in the third quarter of fiscal 2024 was a reduction to Sales and the remainder was recognized in Cost of Sales. (c) Chicken segment results for the three and nine months ended June 29, 2024 included $2 million and $41 million, respectively, of costs related to plant closures and $5 million of production facility fire costs incurred, net of insurance proceeds, and $19 million of insurance proceeds, net of costs incurred, respectively, recognized in Cost of Sales. Chicken segment results for the three and nine months ended June 29, 2024 included a $56 million legal contingency accrual, recognized in Costs of Sales. Chicken segment results for the three and nine months ended July 1, 2023 included production facility fire insurance proceeds, net of costs incurred, of $22 million and $15 million, respectively, recognized in Cost of Sales, and costs related to plant closures of $15 million and $107 million, respectively, recognized in Cost of Sales. Chicken segment results for the three and nine months ended July 1, 2023 included a charge of $38 million related to the recognition of a legal contingency accrual, recognized as a reduction to Sales, and $210 million of goodwill impairment. (d) International/Other results for the three and nine months ended June 29, 2024 included $3 million and $83 million, respectively, of costs, net of insurance proceeds, related to a fire at our production facility in the Netherlands and subsequent decision to sell, recognized in Cost of Sales. International/Other results for the three and nine months ended July 1, 2023 included $238 million of goodwill impairment.
Disaggregation of Revenue, By Segment and Distribution Channel | The following tables further disaggregate our sales to customers by major distribution channels (in millions):
| Three months ended June 29, 2024
| Retail(a) |  | Foodservice(b) |  | International(c) |  | Industrial and Other(d) |  | Total External Customers |  | Intersegment |  | Total
Beef | $ | 2,566 |  |  | $ | 1,318 |  |  | $ | 707 |  |  | $ | 541 |  |  | $ | 5,132 |  |  | $ | 109 |  |  | $ | 5,241 |
Pork | 464 |  |  | 141 |  |  | 322 |  |  | 228 |  |  | 1,155 |  |  | 307 |  |  | 1,462 |
Chicken | 1,720 |  |  | 1,567 |  |  | 256 |  |  | 509 |  |  | 4,052 |  |  | 24 |  |  | 4,076 |
Prepared Foods | 1,434 |  |  | 876 |  |  | 58 |  |  | 64 |  |  | 2,432 |  |  | — |  |  | 2,432 |
International/Other | — |  |  | — |  |  | 582 |  |  | — |  |  | 582 |  |  | — |  |  | 582 |
Intersegment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (440) |  |  | (440) |
Total | $ | 6,184 |  |  | $ | 3,902 |  |  | $ | 1,925 |  |  | $ | 1,342 |  |  | $ | 13,353 |  |  | $ | — |  |  | $ | 13,353 |
| Three months ended July 1, 2023
| Retail(a) |  | Foodservice(b) |  | International(c) |  | Industrial and Other(d) |  | Total External Customers |  | Intersegment |  | Total
Beef | $ | 2,313 |  |  | $ | 1,257 |  |  | $ | 671 |  |  | $ | 575 |  |  | $ | 4,816 |  |  | $ | 140 |  |  | $ | 4,956 |
Pork | 394 |  |  | 125 |  |  | 294 |  |  | 305 |  |  | 1,118 |  |  | 206 |  |  | 1,324 |
Chicken | 1,823 |  |  | 1,636 |  |  | 264 |  |  | 467 |  |  | 4,190 |  |  | 22 |  |  | 4,212 |
Prepared Foods | 1,396 |  |  | 898 |  |  | 55 |  |  | 34 |  |  | 2,383 |  |  | — |  |  | 2,383 |
International/Other | — |  |  | — |  |  | 633 |  |  | — |  |  | 633 |  |  | — |  |  | 633 |
Intersegment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (368) |  |  | (368) |
Total | $ | 5,926 |  |  | $ | 3,916 |  |  | $ | 1,917 |  |  | $ | 1,381 |  |  | $ | 13,140 |  |  | $ | — |  |  | $ | 13,140 |
| Nine months ended June 29, 2024
| Retail(a) |  | Foodservice(b) |  | International(c) |  | Industrial and Other(d) |  | Total External Customers |  | Intersegment |  | Total
Beef | $ | 7,330 |  |  | $ | 3,920 |  |  | $ | 2,001 |  |  | $ | 1,668 |  |  | $ | 14,919 |  |  | $ | 299 |  |  | $ | 15,218 |
Pork | 1,374 |  |  | 379 |  |  | 1,050 |  |  | 797 |  |  | 3,600 |  |  | 865 |  |  | 4,465 |
Chicken | 5,188 |  |  | 4,782 |  |  | 698 |  |  | 1,434 |  |  | 12,102 |  |  | 72 |  |  | 12,174 |
Prepared Foods | 4,336 |  |  | 2,733 |  |  | 168 |  |  | 142 |  |  | 7,379 |  |  | — |  |  | 7,379 |
International/Other | — |  |  | — |  |  | 1,744 |  |  | — |  |  | 1,744 |  |  | — |  |  | 1,744 |
Intersegment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,236) |  |  | (1,236) |
Total | $ | 18,228 |  |  | $ | 11,814 |  |  | $ | 5,661 |  |  | $ | 4,041 |  |  | $ | 39,744 |  |  | $ | — |  |  | $ | 39,744 |
| Nine months ended July 1, 2023
| Retail(a) |  | Foodservice(b) |  | International(c) |  | Industrial and Other(d) |  | Total External Customers |  | Intersegment |  | Total
Beef | $ | 6,581 |  |  | $ | 3,577 |  |  | $ | 1,978 |  |  | $ | 1,782 |  |  | $ | 13,918 |  |  | $ | 378 |  |  | $ | 14,296 |
Pork | 1,268 |  |  | 356 |  |  | 926 |  |  | 994 |  |  | 3,544 |  |  | 730 |  |  | 4,274 |
Chicken | 5,668 |  |  | 4,902 |  |  | 758 |  |  | 1,521 |  |  | 12,849 |  |  | 56 |  |  | 12,905 |
Prepared Foods | 4,334 |  |  | 2,734 |  |  | 162 |  |  | 113 |  |  | 7,343 |  |  | — |  |  | 7,343 |
International/Other | — |  |  | — |  |  | 1,879 |  |  | — |  |  | 1,879 |  |  | — |  |  | 1,879 |
Intersegment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,164) |  |  | (1,164) |
Total | $ | 17,851 |  |  | $ | 11,569 |  |  | $ | 5,703 |  |  | $ | 4,410 |  |  | $ | 39,533 |  |  | $ | — |  |  | $ | 39,533 |
(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 fo odservice distr ibutors, 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 for internationally produced products or 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 the three and nine months ended June 29, 2024, the Pork segment included a $45 million reduction in Other due to the recognition of a legal contingency accrual. For the three and nine months ended July 1, 2023, the Chicken segment included a $38 million reduction in Other due to the recognition of a legal contingency accrual.

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