Restructuring and Related Charges Restructuring and Related Charges (Tables)

3 Months Ended

6 Months Ended

Dec. 31, 2022

Dec. 31, 2022

Restructuring Cost and Reserve [Line Items]

Total Pretax Anticipated Expenses of Restructuring Program

The following table reflects the total pretax anticipated expenses associated with the 2022 Program (in millions):

	Beef		Pork		Chicken		Prepared Foods		International/Other		Total
Severance costs	$	23	$	8	$	7	$	51	$	12	$	101
Relocation and related costs	35		15		1		57		1		109
Accelerated depreciation	6		2		—		12		—		20
Contract and lease terminations	—		—		—		31		—		31
Professional and other fees	4		1		—		7		1		13
Total 2022 Program	$	68	$	26	$	8	$	158	$	14	$	274

Schedule of Restructuring Reserve by Type of Cost

The following table reflects our liability related to the 2022 Program, which was recognized in other current liabilities in our Consolidated Condensed Balance sheet as of December 31, 2022 (in millions):

	Balance at October 1, 2022		Restructuring Expense		Payments		Changes in Estimates		Balance at December 31, 2022
Severance costs	$	66	$	12	$	5	$	—	$	73
Relocation and related costs	—		4		2		—		2
Professional and other fees	—		1		1		—		—
Total	$	66	$	17	$	8	$	—	$	75

Restructuring and Related Costs [Table Text Block]

The following table reflects the pretax impact of the 2022 Program’s restructuring and related charges during the first quarter of fiscal 2023 by reportable segment (in millions):

	Beef		Pork		Chicken		Prepared Foods		International/Other		Total
Severance costs	$	2	$	1	$	—	$	4	$	5	$	12
Relocation and related costs	1		1		1		1		—		4
Accelerated depreciation	2		—		—		4		—		6
Contract and lease terminations	—		—		—		(2)		—		(2)
Professional and other fees	—		—		—		1		—		1
Total	$	5	$	2	$	1	$	8	$	5	$	21

The following table reflects the pretax 2022 Program charges to date by reportable segment (in millions):

	Beef		Pork		Chicken		Prepared Foods		International/Other		Total
Severance costs	$	18	$	6	$	6	$	40	$	8	$	78
Relocation and related costs	1		1		1		1		—		4
Accelerated depreciation	2		—		—		4		—		6
Contract and lease terminations	—		—		—		(2)		—		(2)
Professional and other fees	—		—		—		1		—		1
Total	$	21	$	7	$	7	$	44	$	8	$	87