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Consolidated Condensed Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Jun. 27, 2015
Jun. 28, 2014
Sales $ 10,071 $ 9,682 $ 30,867 $ 27,475
Cost of Sales 9,085 9,045 27,936 25,502
Gross Profit 986 637 2,931 1,973
Operating Expenses:        
Selling, General and Administrative 423 286 1,312 849
Operating Income 563 351 1,619 1,124
Other (Income) Expense:        
Interest income (3) (1) (6) (6)
Interest expense 73 25 221 78
Other, net (25) 17 (32) 18
Total Other (Income) Expense 45 [1] 41 [2] 183 [1] 90 [2]
Income before Income Taxes 518 310 1,436 1,034
Income Tax Expense 174 52 471 314
Net Income 344 258 965 720
Less: Net income (loss) attributable to noncontrolling interest 1 (2) 3 (7)
Net Income Attributable to Tyson $ 343 $ 260 $ 962 $ 727
Weighted Average Shares Outstanding:        
Diluted, Shares 414 356 414 355
Net Income Per Share Attributable to Tyson:        
Diluted (USD per share) $ 0.83 $ 0.73 $ 2.32 $ 2.05
Class A [Member]        
Weighted Average Shares Outstanding:        
Basic, Shares 335 280 335 275
Net Income Per Share Attributable to Tyson:        
Basic (USD per share) $ 0.86 $ 0.75 $ 2.41 $ 2.15
Dividends Declared Per Share:        
Dividends Declared (USD per share) $ 0.100 $ 0.075 $ 0.325 $ 0.250
Class B [Member]        
Weighted Average Shares Outstanding:        
Basic, Shares 70 70 70 70
Net Income Per Share Attributable to Tyson:        
Basic (USD per share) $ 0.78 $ 0.68 $ 2.20 $ 1.94
Dividends Declared Per Share:        
Dividends Declared (USD per share) $ 0.090 $ 0.068 $ 0.293 $ 0.226
[1] Operating income in Other includes merger and integration costs of $15 million and $39 million for the three and nine months ended June 27, 2015, respectively, and Other (Income) Expense includes a $21 million gain on the sale of equity securities.
[2] Operating income in Other includes $7 million related to merger and integration costs and Other (Income) Expense includes $22 million related to costs associated with bridge financing facilities, both incurred as part of the Hillshire Brands acquisition.