Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Sep. 27, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule Of Condensed Consolidating Statement Of Income

Condensed Consolidating Statement of Income and Comprehensive Income for the year ended September 27, 2014										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Sales	$	579		$	21,924		$	16,926		$	(1,849	)	$	37,580
Cost of Sales	74			20,971			15,689			(1,839		)	34,895
Gross Profit	505			953			1,237			(10		)	2,685
Selling, General and Administrative	141			240			884			(10		)	1,255
Operating Income	364			713			353			—			1,430
Other (Income) Expense:
Interest expense, net	63			49			13			—			125
Other, net	67			(1		)	(13		)	—			53
Equity in net earnings of subsidiaries	(731		)	(43		)	—			774			—
Total Other (Income) Expense	(601		)	5			—			774			178
Income from Continuing Operations before Income Taxes	965			708			353			(774		)	1,252
Income Tax Expense	101			227			68			—			396
Income from Continuing Operations	864			481			285			(774		)	856
Loss from Discontinued Operation, Net of Tax	—			—			—			—			—
Net Income	864			481			285			(774		)	856
Less: Net Loss Attributable to Noncontrolling Interests	—			—			(8		)	—			(8		)
Net Income Attributable to Tyson	$	864		$	481		$	293		$	(774	)	$	864
Comprehensive Income (Loss)	$	817		$	449		$	243		$	(692	)	$	817
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interest	—			—			(8		)	—			(8		)
Comprehensive Income (Loss) Attributable to Tyson	$	817		$	449		$	251		$	(692	)	$	825

Condensed Consolidating Statement of Income and Comprehensive Income for the year ended September 28, 2013										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Sales	$	431		$	19,243		$	16,120		$	(1,420	)	$	34,374
Cost of Sales	40			18,464			14,932			(1,420		)	32,016
Gross Profit	391			779			1,188			—			2,358
Selling, General and Administrative	68			201			714			—			983
Operating Income	323			578			474			—			1,375
Other (Income) Expense:
Interest expense, net	36			62			40			—			138
Other, net	4			(1		)	(23		)	—			(20		)
Equity in net earnings of subsidiaries	(582		)	(40		)	—			622			—
Total Other (Income) Expense	(542		)	21			17			622			118
Income from Continuing Operations before Income Taxes	865			557			457			(622		)	1,257
Income Tax Expense	87			172			150			—			409
Income from Continuing Operations	778			385			307			(622		)	848
Loss from Discontinued Operation, Net of Tax	—			—			(70		)	—			(70		)
Net Income	778			385			237			(622		)	778
Less: Net Loss Attributable to Noncontrolling Interests	—			—			—			—			—
Net Income Attributable to Tyson	$	778		$	385		$	237		$	(622	)	$	778
Comprehensive Income (Loss)	$	733		$	380		$	212		$	(592	)	$	733
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—			—			—			—			—
Comprehensive Income (Loss) Attributable to Tyson	$	733		$	380		$	212		$	(592	)	$	733

Condensed Consolidating Statement of Income and Comprehensive Income for the year ended September 29, 2012										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Sales	$	352		$	18,832		$	15,152		$	(1,281	)	$	33,055
Cost of Sales	(4		)	18,088			14,061			(1,280		)	30,865
Gross Profit	356			744			1,091			(1		)	2,190
Selling, General and Administrative	59			205			641			(1		)	904
Operating Income	297			539			450			—			1,286
Other (Income) Expense:
Interest expense, net	49			143			152			—			344
Other, net	1			—			(24		)	—			(23		)
Equity in net earnings of subsidiaries	(427		)	(43		)	—			470			—
Total Other (Income) Expense	(377		)	100			128			470			321
Income from Continuing Operations before Income Taxes	674			439			322			(470		)	965
Income Tax Expense	91			130			130			—			351
Income from Continuing Operations	583			309			192			(470		)	614
Loss from Discontinued Operation, Net of Tax	—			—			(38		)	—			(38		)
Net Income	583			309			154			(470		)	576
Less: Net Loss Attributable to Noncontrolling Interests	—			—			(7		)	—			(7		)
Net Income Attributable to Tyson	$	583		$	309		$	161		$	(470	)	$	583
Comprehensive Income (Loss)	$	599		$	324		$	166		$	(497	)	$	592
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—			—			(7		)	—			(7		)
Comprehensive Income (Loss) Attributable to Tyson	$	599		$	324		$	173		$	(497	)	$	599

Schedule Of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet as of September 27, 2014							in millions
	TFI Parent		TFM Parent		Non- Guarantors		Eliminations			Total
Assets
Current Assets:
Cash and cash equivalents	$	—	$	41	$	397	$	—		$	438
Accounts receivable, net	3		665		1,016		—			1,684
Inventories	—		1,272		2,002		—			3,274
Other current assets	42		78		379		(120		)	379
Assets held for sale	3		—		443		—			446
Total Current Assets	48		2,056		4,237		(120		)	6,221
Net Property, Plant and Equipment	30		932		4,168		—			5,130
Goodwill	—		881		5,825		—			6,706
Intangible Assets	—		15		5,261		—			5,276
Other Assets	204		148		326		(55		)	623
Investment in Subsidiaries	20,845		2,049		—		(22,894		)	—
Total Assets	$	21,127	$	6,081	$	19,817	$	(23,069	)	$	23,956
Liabilities and Shareholders’ Equity
Current Liabilities:
Current debt	$	240	$	—	$	403	$	—		$	643
Accounts payable	35		755		1,016		—			1,806
Other current liabilities	4,718		235		921		(4,667		)	1,207
Liabilities held for sale	—		—		141		—			141
Total Current Liabilities	4,993		990		2,481		(4,667		)	3,797
Long-Term Debt	7,056		2		532		(55		)	7,535
Deferred Income Taxes	21		96		2,333		—			2,450
Other Liabilities	167		125		978		—			1,270
Total Tyson Shareholders’ Equity	8,890		4,868		13,479		(18,347		)	8,890
Noncontrolling Interests	—		—		14		—			14
Total Shareholders’ Equity	8,890		4,868		13,493		(18,347		)	8,904
Total Liabilities and Shareholders’ Equity	$	21,127	$	6,081	$	19,817	$	(23,069	)	$	23,956

Condensed Consolidating Balance Sheet as of September 28, 2013							in millions
	TFI Parent		TFM Parent		Non- Guarantors		Eliminations			Total
Assets
Current Assets:
Cash and cash equivalents	$	—	$	21	$	1,124	$	—		$	1,145
Accounts receivable, net	—		571		926		—			1,497
Inventories	—		1,039		1,778		—			2,817
Other current assets	351		88		117		(411		)	145
Total Current Assets	351		1,719		3,945		(411		)	5,604
Net Property, Plant and Equipment	32		891		3,130		—			4,053
Goodwill	—		881		1,021		—			1,902
Intangible Assets	—		21		117		—			138
Other Assets	895		162		244		(821		)	480
Investment in Subsidiaries	11,975		2,035		—		(14,010		)	—
Total Assets	$	13,253	$	5,709	$	8,457	$	(15,242	)	$	12,177
Liabilities and Shareholders’ Equity
Current Liabilities:
Current debt	$	457	$	132	$	251	$	(327	)	$	513
Accounts payable	27		575		757		—			1,359
Other current liabilities	4,625		200		901		(4,588		)	1,138
Total Current Liabilities	5,109		907		1,909		(4,915		)	3,010
Long-Term Debt	1,770		679		241		(795		)	1,895
Deferred Income Taxes	24		93		362		—			479
Other Liabilities	149		155		282		(26		)	560
Total Tyson Shareholders’ Equity	6,201		3,875		5,631		(9,506		)	6,201
Noncontrolling Interests	—		—		32		—			32
Total Shareholders’ Equity	6,201		3,875		5,663		(9,506		)	6,233
Total Liabilities and Shareholders’ Equity	$	13,253	$	5,709	$	8,457	$	(15,242	)	$	12,177

Schedule Of Condensed Consolidating Statement Of Cash Flows

Condensed Consolidating Statement of Cash Flows for the year ended September 27, 2014										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Cash Provided by (Used for) Operating Activities	$	132		$	431		$	660		$	(45	)	$	1,178
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(1		)	(147		)	(484		)	—			(632		)
(Purchases of)/Proceeds from marketable securities, net	—			—			15			—			15
Proceeds from notes receivable	—			—			—			—			—
Acquisitions, net of cash acquired	(8,193		)	—			—			—			(8,193		)
Other, net	5			2			3			—			10
Cash Provided by (Used for) Investing Activities	(8,189		)	(145		)	(466		)	—			(8,800		)
Cash Flows from Financing Activities:
Net change in debt	5,154			—			(12		)	—			5,142
Proceeds from issuance of common stock, net of issuance costs	873			—			—			—			873
Proceeds from issuance of equity component of tangible equity units	1,255			—			—			—			1,255
Purchases of Tyson Class A common stock	(295		)	—			—			—			(295		)
Dividends	(104		)	—			(45		)	45			(104		)
Stock options exercised	67			—			—			—			67
Other, net	(22		)	—			(1		)	—			(23		)
Net change in intercompany balances	1,129			(266		)	(863		)	—			—
Cash Provided by (Used for) Financing Activities	8,057			(266		)	(921		)	45			6,915
Effect of Exchange Rate Change on Cash	—			—			—			—			—
Increase (Decrease) in Cash and Cash Equivalents	—			20			(727		)	—			(707		)
Cash and Cash Equivalents at Beginning of Year	—			21			1,124			—			1,145
Cash and Cash Equivalents at End of Period	$	—		$	41		$	397		$	—		$	438

Condensed Consolidating Statement of Cash Flows for the year ended September 28, 2013										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Cash Provided by (Used for) Operating Activities	$	294		$	337		$	696		$	(13	)	$	1,314
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(4		)	(113		)	(441		)	—			(558		)
(Purchases of)/Proceeds from marketable securities, net	—			(13		)	(5		)	—			(18		)
Proceeds from notes receivable	—			—			—			—			—
Acquisitions, net of cash acquired	—			—			(106		)	—			(106		)
Other, net	—			3			36			—			39
Cash Provided by (Used for) Investing Activities	(4		)	(123		)	(516		)	—			(643		)
Cash Flows from Financing Activities:
Net change in debt	5			—			(28		)	—			(23		)
Proceeds from issuance of common stock, net of issuance costs	—			—			—			—			—
Proceeds from issuance of equity component of tangible equity units	—			—			—			—			—
Purchases of Tyson Class A common stock	(614		)	—			—			—			(614		)
Dividends	(104		)	—			(13		)	13			(104		)
Stock options exercised	123			—			—			—			123
Other, net	18			—			—			—			18
Net change in intercompany balances	281			(202		)	(79		)	—			—
Cash Provided by (Used for) Financing Activities	(291		)	(202		)	(120		)	13			(600		)
Effect of Exchange Rate Change on Cash	—			—			3			—			3
Increase (Decrease) in Cash and Cash Equivalents	(1		)	12			63			—			74
Cash and Cash Equivalents at Beginning of Year	1			9			1,061			—			1,071
Cash and Cash Equivalents at End of Period	$	—		$	21		$	1,124		$	—		$	1,145

Condensed Consolidating Statement of Cash Flows for the year ended September 29, 2012										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Cash Provided by (Used for) Operating Activities	$	312		$	438		$	447		$	(10	)	$	1,187
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(1		)	(104		)	(585		)	—			(690		)
(Purchases of)/Proceeds from marketable securities, net	—			(7		)	(4		)	—			(11		)
Proceeds from notes receivable	—			—			—			—			—
Acquisitions, net of cash acquired	—			—			—			—			—
Other, net	1			5			35			—			41
Cash Provided by (Used for) Investing Activities	—			(106		)	(554		)	—			(660		)
Cash Flows from Financing Activities:
Net change in debt	107			—			16			—			123
Proceeds from issuance of common stock, net of issuance costs	—			—			—			—			—
Proceeds from issuance of equity component of tangible equity units	—			—			—			—			—
Purchases of Tyson Class A common stock	(264		)	—			—			—			(264		)
Dividends	(57		)	—			(10		)	10			(57		)
Stock options exercised	34			—			—			—			34
Other, net	(8		)	—			1			—			(7		)
Net change in intercompany balances	(124		)	(324		)	448			—			—
Cash Provided by (Used for) Financing Activities	(312		)	(324		)	455			10			(171		)
Effect of Exchange Rate Change on Cash	—			—			(1		)	—			(1		)
Increase (Decrease) in Cash and Cash Equivalents	—			8			347			—			355
Cash and Cash Equivalents at Beginning of Year	1			1			714			—			716
Cash and Cash Equivalents at End of Period	$	1		$	9		$	1,061		$	—		$	1,071