Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Sep. 28, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule Of Condensed Consolidating Statement Of Income

Condensed Consolidating Statement of Income and Comprehensive Income for the year ended September 28, 2013										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Sales	$	431		$	19,243		$	16,120		$	(1,420	)	$	34,374
Cost of Sales	40			18,464			14,932			(1,420		)	32,016
Gross Profit	391			779			1,188			—			2,358
Selling, General and Administrative	68			201			714			—			983
Operating Income	323			578			474			—			1,375
Other (Income) Expense:
Interest expense, net	36			62			40			—			138
Other, net	4			(1		)	(23		)	—			(20		)
Equity in net earnings of subsidiaries	(582		)	(40		)	—			622			—
Total Other (Income) Expense	(542		)	21			17			622			118
Income from Continuing Operations before Income Taxes	865			557			457			(622		)	1,257
Income Tax Expense	87			172			150			—			409
Income from Continuing Operations	778			385			307			(622		)	848
Loss from Discontinued Operation, Net of Tax	—			—			(70		)	—			(70		)
Net Income	778			385			237			(622		)	778
Less: Net Loss Attributable to Noncontrolling Interests	—			—			—			—			—
Net Income Attributable to Tyson	$	778		$	385		$	237		$	(622	)	$	778
Comprehensive Income (Loss)	$	733		$	380		$	212		$	(592	)	$	733
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interest	—			—			—			—			—
Comprehensive Income (Loss) Attributable to Tyson	$	733		$	380		$	212		$	(592	)	$	733

Condensed Consolidating Statement of Income and Comprehensive Income for the year ended September 29, 2012										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Sales	$	352		$	18,832		$	15,152		$	(1,281	)	$	33,055
Cost of Sales	(4		)	18,088			14,061			(1,280		)	30,865
Gross Profit	356			744			1,091			(1		)	2,190
Selling, General and Administrative	59			205			641			(1		)	904
Operating Income	297			539			450			—			1,286
Other (Income) Expense:
Interest expense, net	49			143			152			—			344
Other, net	1			—			(24		)	—			(23		)
Equity in net earnings of subsidiaries	(427		)	(43		)	—			470			—
Total Other (Income) Expense	(377		)	100			128			470			321
Income from Continuing Operations before Income Taxes	674			439			322			(470		)	965
Income Tax Expense	91			130			130			—			351
Income from Continuing Operations	583			309			192			(470		)	614
Loss from Discontinued Operation, Net of Tax	—			—			(38		)	—			(38		)
Net Income	583			309			154			(470		)	576
Less: Net Loss Attributable to Noncontrolling Interests	—			—			(7		)	—			(7		)
Net Income Attributable to Tyson	$	583		$	309		$	161		$	(470	)	$	583
Comprehensive Income (Loss)	$	599		$	324		$	166		$	(497	)	$	592
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—			—			(7		)	—			(7		)
Comprehensive Income (Loss) Attributable to Tyson	$	599		$	324		$	173		$	(497	)	$	599

Condensed Consolidating Statement of Income and Comprehensive Income for the year ended October 1, 2011										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Sales	$	157		$	18,636		$	14,466		$	(1,227	)	$	32,032
Cost of Sales	29			17,461			13,574			(1,227		)	29,837
Gross Profit	128			1,175			892			—			2,195
Selling, General and Administrative	52			215			639			—			906
Operating Income	76			960			253			—			1,289
Other (Income) Expense:
Interest expense, net	(26		)	148			109			—			231
Other, net	(9		)	—			(11		)	—			(20		)
Equity in net earnings of subsidiaries	(673		)	(115		)	—			788			—
Total Other (Income) Expense	(708		)	33			98			788			211
Income from Continuing Operations before Income Taxes	784			927			155			(788		)	1,078
Income Tax Expense	34			272			34			—			340
Income from Continuing Operations	750			655			121			(788		)	738
Loss from Discontinued Operation, Net of Tax	—			—			(5		)	—			(5		)
Net Income	750			655			116			(788		)	733
Less: Net Loss Attributable to Noncontrolling Interests	—			—			(17		)	—			(17		)
Net Income Attributable to Tyson	$	750		$	655		$	133		$	(788	)	$	750
Comprehensive Income (Loss)	$	671		$	606		$	77		$	(700	)	$	654
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—			—			(17		)	—			(17		)
Comprehensive Income (Loss) Attributable to Tyson	$	671		$	606		$	94		$	(700	)	$	671

Schedule Of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet as of September 28, 2013							in millions
	TFI Parent		TFM Parent		Non- Guarantors		Eliminations			Total
Assets
Current Assets:
Cash and cash equivalents	$	—	$	21	$	1,124	$	—		$	1,145
Accounts receivable, net	—		571		926		—			1,497
Inventories	—		1,039		1,778		—			2,817
Other current assets	351		88		117		(411		)	145
Total Current Assets	351		1,719		3,945		(411		)	5,604
Net Property, Plant and Equipment	32		891		3,130		—			4,053
Goodwill	—		881		1,021		—			1,902
Intangible Assets	—		21		117		—			138
Other Assets	895		162		244		(821		)	480
Investment in Subsidiaries	11,975		2,035		—		(14,010		)	—
Total Assets	$	13,253	$	5,709	$	8,457	$	(15,242	)	$	12,177
Liabilities and Shareholders’ Equity
Current Liabilities:
Current debt	$	457	$	132	$	251	$	(327	)	$	513
Accounts payable	27		575		757		—			1,359
Other current liabilities	4,625		200		901		(4,588		)	1,138
Total Current Liabilities	5,109		907		1,909		(4,915		)	3,010
Long-Term Debt	1,770		679		241		(795		)	1,895
Deferred Income Taxes	24		93		362		—			479
Other Liabilities	149		155		282		(26		)	560
Total Tyson Shareholders’ Equity	6,201		3,875		5,631		(9,506		)	6,201
Noncontrolling Interests	—		—		32		—			32
Total Shareholders’ Equity	6,201		3,875		5,663		(9,506		)	6,233
Total Liabilities and Shareholders’ Equity	$	13,253	$	5,709	$	8,457	$	(15,242	)	$	12,177

Condensed Consolidating Balance Sheet as of September 29, 2012							in millions
	TFI Parent		TFM Parent		Non- Guarantors		Eliminations			Total
Assets
Current Assets:
Cash and cash equivalents	$	1	$	9	$	1,061	$	—		$	1,071
Accounts receivable, net	1		499		878		—			1,378
Inventories	—		950		1,859		—			2,809
Other current assets	139		100		90		(184		)	145
Total Current Assets	141		1,558		3,888		(184		)	5,403
Net Property, Plant and Equipment	31		873		3,118		—			4,022
Goodwill	—		881		1,010		—			1,891
Intangible Assets	—		26		103		—			129
Other Assets	1,257		151		251		(1,208		)	451
Investment in Subsidiaries	11,849		2,005		—		(13,854		)	—
Total Assets	$	13,278	$	5,494	$	8,370	$	(15,246	)	$	11,896
Liabilities and Shareholders’ Equity
Current Liabilities:
Current debt	$	439	$	—	$	167	$	(91	)	$	515
Accounts payable	10		558		804		—			1,372
Other current liabilities	4,887		144		766		(4,854		)	943
Total Current Liabilities	5,336		702		1,737		(4,945		)	2,830
Long-Term Debt	1,774		809		486		(1,152		)	1,917
Deferred Income Taxes	—		135		432		(9		)	558
Other Liabilities	156		146		294		(47		)	549
Total Tyson Shareholders’ Equity	6,012		3,702		5,391		(9,093		)	6,012
Noncontrolling Interests	—		—		30		—			30
Total Shareholders’ Equity	6,012		3,702		5,421		(9,093		)	6,042
Total Liabilities and Shareholders’ Equity	$	13,278	$	5,494	$	8,370	$	(15,246	)	$	11,896

Schedule Of Condensed Consolidating Statement Of Cash Flows

Condensed Consolidating Statement of Cash Flows for the year ended September 28, 2013										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Cash Provided by (Used for) Operating Activities	$	294		$	337		$	696		$	(13	)	$	1,314
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(4		)	(113		)	(441		)	—			(558		)
(Purchases of)/Proceeds from marketable securities, net	—			(13		)	(5		)	—			(18		)
Proceeds from notes receivable	—			—			—			—			—
Acquisitions, net of cash acquired	—			—			(106		)	—			(106		)
Other, net	—			3			36			—			39
Cash Provided by (Used for) Investing Activities	(4		)	(123		)	(516		)	—			(643		)
Cash Flows from Financing Activities:
Net change in debt	5			—			(28		)	—			(23		)
Purchase of redeemable noncontrolling interest	—			—			—			—			—
Purchases of Tyson Class A common stock	(614		)	—			—			—			(614		)
Dividends	(104		)	—			(13		)	13			(104		)
Stock options exercised	123			—			—			—			123
Other, net	18			—			—			—			18
Net change in intercompany balances	281			(202		)	(79		)	—			—
Cash Provided by (Used for) Financing Activities	(291		)	(202		)	(120		)	13			(600		)
Effect of Exchange Rate Change on Cash	—			—			3			—			3
Increase (Decrease) in Cash and Cash Equivalents	(1		)	12			63			—			74
Cash and Cash Equivalents at Beginning of Year	1			9			1,061			—			1,071
Cash and Cash Equivalents at End of Year	$	—		$	21		$	1,124		$	—		$	1,145

Condensed Consolidating Statement of Cash Flows for the year ended September 29, 2012										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Cash Provided by (Used for) Operating Activities	$	312		$	438		$	447		$	(10	)	$	1,187
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(1		)	(104		)	(585		)	—			(690		)
(Purchases of)/Proceeds from marketable securities, net	—			(7		)	(4		)	—			(11		)
Proceeds from notes receivable	—			—			—			—			—
Acquisitions, net of cash acquired	—			—			—			—			—
Other, net	1			5			35			—			41
Cash Provided by (Used for) Investing Activities	—			(106		)	(554		)	—			(660		)
Cash Flows from Financing Activities:
Net change in debt	107			—			16			—			123
Purchase of redeemable noncontrolling interest	—			—			—			—			—
Purchases of Tyson Class A common stock	(264		)	—			—			—			(264		)
Dividends	(57		)	—			(10		)	10			(57		)
Stock options exercised	34			—			—			—			34
Other, net	(8		)	—			1			—			(7		)
Net change in intercompany balances	(124		)	(324		)	448			—			—
Cash Provided by (Used for) Financing Activities	(312		)	(324		)	455			10			(171		)
Effect of Exchange Rate Change on Cash	—			—			(1		)	—			(1		)
Increase (Decrease) in Cash and Cash Equivalents	—			8			347			—			355
Cash and Cash Equivalents at Beginning of Year	1			1			714			—			716
Cash and Cash Equivalents at End of Year	$	1		$	9		$	1,061		$	—		$	1,071

Condensed Consolidating Statement of Cash Flows for the year ended October 1, 2011										in millions
	TFI Parent			TFM Parent			Non- Guarantors			Eliminations			Total
Cash Provided by (Used for) Operating Activities	$	31		$	564		$	471		$	(20	)	$	1,046
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(1		)	(107		)	(535		)	—			(643		)
(Purchases of)/Proceeds from marketable securities, net	—			(57		)	(23		)	—			(80		)
Proceeds from notes receivable	—			—			51			—			51
Acquisitions, net of cash acquired	—			—			—			—			—
Other, net	23			—			5			—			28
Cash Provided by (Used for) Investing Activities	22			(164		)	(502		)	—			(644		)
Cash Flows from Financing Activities:
Net change in debt	(391		)	(6		)	12			—			(385		)
Purchase of redeemable noncontrolling interest	—			—			(66		)	—			(66		)
Purchases of Tyson Class A common stock	(207		)	—			—			—			(207		)
Dividends	(59		)	—			(20		)	20			(59		)
Stock options exercised	51			—			—			—			51
Other, net	(2		)	—			10			—			8
Net change in intercompany balances	554			(395		)	(159		)	—			—
Cash Provided by (Used for) Financing Activities	(54		)	(401		)	(223		)	20			(658		)
Effect of Exchange Rate Change on Cash	—			—			(6		)	—			(6		)
Increase (Decrease) in Cash and Cash Equivalents	(1		)	(1		)	(260		)	—			(262		)
Cash and Cash Equivalents at Beginning of Year	2			2			974			—			978
Cash and Cash Equivalents at End of Year	$	1		$	1		$	714		$	—		$	716