Accounting Policies Changes in Accounting Principles (Tables)

3 Months Ended

Jan. 02, 2021

Accounting Policies [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following tables represent revisions to our consolidated condensed financial information for the first quarter of fiscal 2020:

First Quarter	in millions, except per share data
	Quarter ended December 28, 2019
	As originally reported		Adjustments		As revised
Consolidated Statement of Income:
Selling, General and Administrative	$	614	$	68	$	682
Operating Income	826		(68)		758
Income before Income Taxes	725		(68)		657
Income Tax Expense (Benefit)	164		(16)		148
Net Income	561		(52)		509
Net Income Attributable to Tyson	557		(52)		505
Net Income Per Share Attributable to Tyson
Class A Basic	$	1.56	$	(0.14)	$	1.42
Class B Basic	$	1.40	$	(0.13)	$	1.27
Diluted	$	1.52	$	(0.14)	$	1.38
Consolidated Statement of Comprehensive Income:
Net Income	$	561	$	(52)	$	509
Comprehensive Income	599		(52)		547
Comprehensive Income Attributable to Tyson	595		(52)		543
	As of December 28, 2019
	As originally reported		Adjustments		As revised
Consolidated Balance Sheet:
Inventories	$	4,304	$	(247)	$	4,057
Total Current Assets	7,193		(247)		6,946
Total Assets	33,811		(247)		33,564
Deferred Income Taxes	2,369		(63)		2,306
Retained Earnings(a)	14,178		(184)		13,994
Total Tyson Shareholders' Equity	14,419		(184)		14,235
Total Shareholders' Equity	14,566		(184)		14,382
Total Liabilities and Shareholders' Equity	33,811		(247)		33,564
	Quarter ended December 28, 2019
	As originally reported		Adjustments		As revised
Consolidated Statement of Cash Flows:
Net Income	$	561	$	(52)	$	509
Deferred income taxes	3		(16)		(13)
Net changes in operating assets and liabilities	15		68		83