Goodwill And Other Intangible Assets

12 Months Ended

Oct. 01, 2011

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

NOTE 5: GOODWILL AND OTHER INTANGIBLE ASSETS

The following table reflects goodwill activity for fiscal years 2011 and 2010:

in millions
	Chicken		Beef		Pork		Prepared Foods		Consolidated
Balances at October 3, 2009:
Goodwill		$973		$1,123		$317		$64		$2,477
Accumulated impairment losses		0		(560)		0		0		(560)
		973		563		317		64		1,917
Fiscal 2010 Activity:
Impairment losses		(29)		0		0		0		(29)
Currency translation and other		6		0		0		(1)		5
Balances at October 2, 2010:
Goodwill		$979		$1,123		$317		$63		$2,482
Accumulated impairment losses		(29)		(560)		0		0		(589)
		$950		$563		$317		$63		$1,893
Fiscal 2011 Activity:
Impairment losses		0		0		0		0		0
Currency translation and other		(1)		0		0		0		(1)
Balances at October 1, 2011:
Goodwill		978		1,123		317		63		2,481
Accumulated impairment losses		(29)		(560)		0		0		(589)
		$949		$563		$317		$63		$1,892

Other intangible assets by type at October 1, 2011, and October 2, 2010:

			in millions
	2011		2010
Gross Carrying Value:
Trademarks		$56		$56
Patents, intellectual property and other		143		144
Land use rights		25		23
Less Accumulated Amortization		75		57
Total Intangible Assets		$149		$166

Beginning with the date benefits are realized, other intangible assets are amortized using the straight-line method over their estimated period of benefit of three to 30 years. Amortization expense of $18 million, $19 million and $10 million was recognized during fiscal 2011, 2010 and 2009, respectively. We estimate amortization expense on intangible assets for the next five fiscal years subsequent to October 1, 2011 will be: 2012 - $16 million; 2013 - $16 million; 2014 - $15 million; 2015 - $15 million; 2016 - $14 million.