Derivative Financial Instruments (Tables)

3 Months Ended

Dec. 29, 2018

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	December 29, 2018		September 29, 2018
Commodity:
Corn	Bushels	63		112
Soy Meal	Tons	607,200		651,700
Live Cattle	Pounds	256		105
Lean Hogs	Pounds	151		39
Foreign Currency	United States dollar	$	261	$	89
Interest Rate Swaps	Average monthly debt	$	400	$	400
Treasury Rate Locks	Average monthly debt	$	1,200	$	—

Designated as hedges | Cash Flow Hedging [Member]

Derivative [Line Items]

Derivative Instruments, Gain (Loss) [Table Text Block]

The following table sets forth the pretax impact of cash flow hedge derivative instruments on the Consolidated Condensed Statements of Income (in millions):

	Gain (Loss) Recognized in OCI On Derivatives						Consolidated Condensed Statements of Income Classification	Gain (Loss) Reclassified from OCI to Earnings
	Three Months Ended							Three Months Ended
	December 29, 2018			December 30, 2017				December 29, 2018			December 30, 2017
Cash flow hedge – derivatives designated as hedging instruments:
Commodity contracts	$	(2	)	$	(2	)	Cost of Sales	$	(7	)	$	(1	)
Interest rate hedges	(18		)	—			Interest expense	—			—
Total	$	(20	)	$	(2	)		$	(7	)	$	(1	)

Designated as hedges | Fair Value Hedging [Member]

Derivative [Line Items]

Derivative Instruments, Gain (Loss) [Table Text Block]

		in millions
	Consolidated Condensed Statements of Income Classification	Three Months Ended
		December 29, 2018			December 30, 2017
Gain (Loss) on forwards	Cost of Sales	$	(1	)	$	(7	)
Gain (Loss) on purchase contract	Cost of Sales	1			7

Undesignated

Derivative [Line Items]

Derivative Instruments, Gain (Loss) [Table Text Block]

The following table sets forth the pretax impact of the undesignated derivative instruments in the Consolidated Condensed Statements of Income (in millions):

		Gain (Loss) Recognized in Earnings
	Consolidated Condensed Statements of Income Classification	Three Months Ended
		December 29, 2018		December 30, 2017
Derivatives not designated as hedging instruments:
Commodity contracts	Sales	$	1	$	9
Commodity contracts	Cost of Sales	3		(22		)
Foreign exchange contracts	Other Income/Expense	—		—
Total		$	4	$	(13	)