2.2.0.7 false COMMITMENTS 11001 - Disclosure - COMMITMENTS true false false false 1 USD false false Unit12 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Unit13 Standard http://www.xbrl.org/2003/instance pure xbrli 0 Unit1 Standard http://www.xbrl.org/2003/instance shares xbrli 0 Unit14 Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 COMMITMENTS 0 tsn_CommitmentsAbstract tsn false na duration Commitments false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string Commitments false 3 COMMITMENTS 1 us-gaap_CommitmentsDisclosureTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> <div> NOTE 10: COMMITMENTS We lease equipment, properties and certain farms for which total rentals approximated $188 million, $175 million and $163 million, respectively, in fiscal 2010, 2009 and 2008. Most leases have initial terms up to seven years, some with varying renewal periods. The most significant obligations assumed under the terms of the leases are the upkeep of the facilities and payments of insurance and property taxes. Minimum lease commitments under non-cancelable leases at October 2, 2010, were:   <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="91%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="right">in millions</td> <td style="border-bottom: #000000 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top">   2011</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">$91</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#c3f9f5"><td valign="top">   2012</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">71</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top">   2013</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">51</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#c3f9f5"><td valign="top">   2014</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">32</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top">   2015</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">17</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#c3f9f5"><td valign="top">   2016 and beyond</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">55</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #000000 2px solid; border-top: #000000 1px solid;" valign="top">   Total</td> <td style="border-bottom: #000000 2px solid; border-top: #000000 1px solid;" valign="bottom">  </td> <td style="border-bottom: #000000 2px solid; border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-bottom: #000000 2px solid; border-top: #000000 1px solid;" valign="bottom" align="right">$317</td> <td style="border-bottom: #000000 2px solid; border-top: #000000 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr></table> We guarantee obligations of certain outside third parties, which consists of a lease and grower loans, all of which are substantially collateralized by the underlying assets. Terms of the underlying debt cover periods up to eight years, and the maximum potential amount of future payments as of October 2, 2010, was $69 million. We also maintain operating leases for various types of equipment, some of which contain residual value guarantees for the market value of the underlying leased assets at the end of the term of the lease. The remaining terms of the lease maturities cover periods over the next seven years. The maximum potential amount of the residual value guarantees is $45 million, of which $21 million would be recoverable through various recourse provisions and an additional undeterminable recoverable amount based on the fair value of the underlying leased assets. The likelihood of material payments under these guarantees is not considered probable. At October 2, 2010, and October 3, 2009, no material liabilities for guarantees were recorded. We have cash flow assistance programs in which certain livestock suppliers participate. Under these programs, we pay an amount for livestock equivalent to a standard cost to grow such livestock during periods of low market sales prices. The amounts of such payments that are in excess of the market sales price are recorded as receivables and accrue interest. Participating suppliers are obligated to repay these receivables balances when market sales prices exceed this standard cost, or upon termination of the agreement. Our maximum obligation associated with these programs is limited to the fair value of each participating livestock supplier's net tangible assets. The potential maximum obligation as of October 2, 2010, was approximately $215 million. The total receivables under these programs were $51 million and $72 million at October 2, 2010, and October 3, 2009, respectively, and are included, net of allowance for uncollectible amounts, in Other Assets in our Consolidated Balance Sheets. Even though these programs are limited to the net tangible assets of the participating livestock suppliers, we also manage a portion of our credit risk associated with these programs by obtaining security interests in livestock suppliers' assets. After analyzing residual credit risks and general market conditions, we have recorded an allowance for these programs' estimated uncollectible receivables of $15 million and $20 million at October 2, 2010 and October 3, 2009, respectively. The minority partner in our Shandong Tyson Xinchang Foods joint ventures in China has the right to exercise put options to require us to purchase its entire 40% equity interest at a price equal to the minority partner's contributed capital plus (minus) its pro-rata share of the joint venture's accumulated and undistributed net earnings (losses). The put options are exercisable for a five-year term commencing April 2011. At October 2, 2010, the put options, if they had been exercisable, would have resulted in a purchase price of approximately $67 million for the minority partner's entire equity interest. We do not believe the exercise of the put options would materially impact our results of operations or financial condition. Additionally, we enter into future purchase commitments for various items, such as grains, livestock contracts and fixed grower fees. At October 2, 2010, these commitments totaled:   <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="91%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="right">in millions</td> <td style="border-bottom: #000000 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top">   2011</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">$829</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#c3f9f5"><td valign="top">   2012</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">38</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top">   2013</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">17</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#c3f9f5"><td valign="top">   2014</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">12</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top">   2015</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">12</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#c3f9f5"><td valign="top">   2016 and beyond</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">36</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #000000 2px solid; border-top: #000000 1px solid;" valign="top">   Total</td> <td style="border-bottom: #000000 2px solid; border-top: #000000 1px solid;" valign="bottom">  </td> <td style="border-bottom: #000000 2px solid; border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-bottom: #000000 2px solid; border-top: #000000 1px solid;" valign="bottom" align="right">$944</td> <td style="border-bottom: #000000 2px solid; border-top: #000000 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr></table>  </div> </div> NOTE 10: COMMITMENTS We lease equipment, properties and certain farms for which total rentals approximated $188 million, $175 million and $163 million, false false false us-types:textBlockItemType textblock Description of significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 25 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 17 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 7 false 1 2 false UnKnown UnKnown UnKnown false true