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Inventories
3 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Inventories INVENTORIES
Processed products, livestock and supplies and other are valued at the lower of cost or net realizable value. Cost includes purchased raw materials, live purchase costs, growout costs (primarily feed, livestock grower pay and catch and haul costs), labor and manufacturing and production overhead, which are related to the purchase and production of inventories. At December 31, 2022, the cost of inventories was determined by either the first-in, first-out method or the weighted-average method, which is consistent with the methods used at October 1, 2022.
The following table reflects the major components of inventory (in millions):
December 31, 2022October 1, 2022
Processed products$3,160 $3,188 
Livestock1,535 1,454 
Supplies and other901 872 
Total inventory$5,596 $5,514