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Derivative Financial Instruments (Tables)
 12 Months Ended
Oct. 01, 2016
Derivative [Line Items]  
Schedule Of Notional Amount Of Derivatives
We had the following aggregated outstanding notional amounts related to our derivative financial instruments:
 
 
 
 
in millions, except soy meal tons
 
 
 
Metric
 
October 1, 2016

 
October 3, 2015

Corn
 
Bushels
 
50

 
18

Soy Meal
 
Tons
 
389,700

 
284,900

Live Cattle
 
Pounds
 
28

 
102

Lean Hogs
 
Pounds
 
158

 
166

Foreign Currency
 
United States dollar
 
$
38

 
$
42
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]  
Derivative [Line Items]  
Schedule Of Derivative Instruments, Gain (Loss) In Statement Of Financial Performance
The following table sets forth the pretax impact of cash flow hedge derivative instruments in the Consolidated Statements of Income:
 
 
 
 
 
 
 
 
 
 
 
in millions
 
 
Gain (Loss)
Recognized in OCI
on Derivatives
 
 
Consolidated
Statements of Income
Classification
 
Gain (Loss)
Reclassified from
OCI to Earnings
 
 
2016

 
2015

 
2014

 
 
 
2016

 
2015

 
2014

Cash Flow Hedge – Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
$
(1
)
 
$
(4
)
 
$
(7
)
 
Cost of Sales
 
$
1

 
$
(7
)
 
$
(10
)
Foreign exchange contracts
—

 
—

 
(1
)
 
Other Income/Expense
 
—

 
—

 
—

Total
$
(1
)
 
$
(4
)
 
$
(8
)
 
 
 
$
1

 
$
(7
)
 
$
(10
)
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]  
Derivative [Line Items]  
Schedule Of Derivative Instruments, Gain (Loss) In Statement Of Financial Performance
 
 
in millions
 
 
 
Consolidated
Statements of Income
Classification
 
2016

 
2015

 
2014

Gain (Loss) on forwards
 
Cost of Sales
 
$
89

 
$
17

 
$
(154
)
Gain (Loss) on purchase contract
 
Cost of Sales
 
(89
)
 
(17
)
 
154
Not Designated as Hedging Instrument [Member]  
Derivative [Line Items]  
Schedule Of Derivative Instruments, Gain (Loss) In Statement Of Financial Performance
The following table sets forth the pretax impact of the undesignated derivative instruments in the Consolidated Statements of Income:
 
 
 
 
 
 
in millions
 
 
 
Consolidated
Statements of Income
Classification
 
Gain (Loss)
Recognized
in Earnings
 
 
 
 
 
2016

 
2015

 
2014

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Commodity contracts
 
Sales
 
$
(73
)
 
$
(62
)
 
$
75

Commodity contracts
 
Cost of Sales
 
17

 
(33
)
 
(136
)
Foreign exchange contracts
 
Other Income/Expense
 
2

 
(4
)
 
—

Total
 
 
 
$
(54
)
 
$
(99
)
 
$
(61
)