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Goodwill And Intangible Assets
12 Months Ended
Sep. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block] GOODWILL AND INTANGIBLE ASSETS
The following table reflects goodwill activity for fiscal years 2025 and 2024 (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherConsolidated
Balance at September 30, 2023 (a)
$343 $423 $3,064 $5,904 $144 $9,878 
Fiscal 2024 Activity:
Measurement period adjustments— — — (13)— (13)
Sale of business— — (63)— — (63)
Currency translation— — — — 17 17 
Balance at September 28, 2024 (a)
$343 $423 $3,001 $5,891 $161 $9,819 
Fiscal 2025 Activity:
Sale of business— — — — (4)(4)
Impairment losses(343)— — — — (343)
Currency translation— — — — (3)(3)
Balance at September 27, 2025(a)
$— $423 $3,001 $5,891 $154 $9,469 
(a) Included in goodwill for fiscal 2025 are accumulated impairment losses of $1,236 million in Beef, $210 million in Chicken and $295 million in International/Other. Included in goodwill as of September 28, 2024 and September 30, 2023 are accumulated impairment losses of $893 million in Beef, $210 million in Chicken and $295 million in International/Other.
The following table reflects intangible assets by type as of September 27, 2025 and September 28, 2024 (in millions):
20252024
Amortizable intangible assets:
Brands and trademarks$992 $995 
Customer relationships2,385 2,399 
Supply arrangements310 310 
Patents, intellectual property and other45 45 
Land use rights
Total gross amortizable intangible assets$3,741 $3,758 
Less accumulated amortization2,195 1,961 
Total net amortizable intangible assets$1,546 $1,797 
Brands and trademarks not subject to amortization4,078 4,078 
Total intangible assets$5,624 $5,875 
Amortization expense of $239 million, $229 million and $229 million was recognized during fiscal 2025, 2024 and 2023, respectively. We estimate amortization expense on intangible assets for the next five fiscal years subsequent to September 27, 2025, will be: 2026 - $207 million; 2027 - $195 million; 2028 - $187 million; 2029 - $174 million; 2030 - $166 million.