v3.25.1
Segment Reporting (Tables)
 6 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
Segment Reporting Information, By Segment
Information on segments and a reconciliation to income before income taxes are as follows (in millions): 
Three Months EndedSix Months Ended
March 29, 2025March 30, 2024March 29, 2025March 30, 2024
Sales:
Beef$5,196 $4,954 $10,531 $9,977 
Pork1,244 1,486 2,861 3,003 
Chicken4,141 4,065 8,206 8,098 
Prepared Foods2,396 2,404 4,869 4,947 
International/Other566 580 1,150 1,162 
Intersegment(469)(417)(920)(796)
Total Sales$13,074 $13,072 $26,697 $26,391 
Three Months EndedSix Months Ended
March 29, 2025March 30, 2024March 29, 2025March 30, 2024
Operating Income (Loss):
Beef(a)
$(258)$(35)$(322)$(241)
Pork(b)
(195)(1)(136)38 
Chicken(c)
262 158 613 335 
Prepared Foods(d)
244 230 453 473 
International/Other(e)
47 (40)72 (62)
Total Operating Income (Loss)100 312 680 543 
Total Other (Income) Expense70 109 172 179 
Income before Income Taxes$30 $203 $508 $364 
(a) Beef segment results for the three and six months ended March 29, 2025 included $16 million and $48 million, respectively, in network optimization plan charges, recognized in Cost of Sales. Additionally, Beef segment results for the three and six months ended March 29, 2025 included a $93 million legal contingency accrual, recognized as a reduction to Sales. Beef segment results for the six months ended March 30, 2024 included $41 million of costs related to plant closures and disposals and a $45 million legal contingency accrual, recognized in Cost of Sales.
(b) Pork segment results for the three and six months ended March 29, 2025 included a $250 million legal contingency accrual, recognized as a reduction to Sales. Pork segment results for the three and six months ended March 30, 2024 included $34 million of costs related to plant closures and disposals, recognized in Cost of Sales. Pork segment results for the six months ended March 30, 2024 included a $28 million legal contingency accrual, recognized in Cost of Sales.
(c) Chicken segment results for the three and six months ended March 29, 2025 included $6 million and $12 million, respectively, of brand discontinuation charges, recognized in Selling, General and Administrative, and network optimization plan charges of $21 million and $32 million, respectively, primarily recognized in Cost of Sales. Chicken segment results for the three and six months ended March 29, 2025 included costs related to plant closures and disposals of $23 million, recognized in Cost of Sales. Chicken segment results for the six months ended March 30, 2024 included $24 million of insurance proceeds, net of costs incurred, and $39 million of costs related to plant closures and disposals recognized in Cost of Sales.
(d) Prepared Foods segment results for the six months ended March 29, 2025 included $25 million in network optimization plan charges, recognized in Cost of Sales. Prepared Foods segment results for the three and six months ended March 30, 2024 included restructuring and related charges of $3 million and $24 million, respectively, primarily recognized in Selling, General and Administrative.
(e) International/Other results for the three and six months ended March 29, 2025 included $6 million and $11 million, respectively, in network optimization plan charges, recognized in Cost of Sales. International/Other results for the three and six months ended March 30, 2024 included $54 million and $80 million, respectively, of costs, net of insurance proceeds, related to a fire at our production facility in the Netherlands and subsequent decision to sell, recognized in Cost of Sales.
Disaggregation of Revenue, By Segment and Distribution Channel
The following tables further disaggregate our sales to customers by major distribution channels (in millions):
Three months ended March 29, 2025
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$2,647 $1,341 $590 $506 $5,084 $112 $5,196 
Pork443 126 316 30 915 329 1,244 
Chicken1,786 1,561 270 496 4,113 28 4,141 
Prepared Foods1,427 857 53 59 2,396 — 2,396 
International/Other— — 566 — 566 — 566 
Intersegment— — — — — (469)(469)
Total$6,303 $3,885 $1,795 $1,091 $13,074 $— $13,074 
Three months ended March 30, 2024
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$2,367 $1,287 $662 $549 $4,865 $89 $4,954 
Pork427 121 375 264 1,187 299 1,486 
Chicken1,755 1,608 225 448 4,036 29 4,065 
Prepared Foods1,414 896 51 43 2,404 — 2,404 
International/Other— — 580 — 580 — 580 
Intersegment— — — — — (417)(417)
Total$5,963 $3,912 $1,893 $1,304 $13,072 $— $13,072 
Six months ended March 29, 2025
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$5,304 $2,707 $1,245 $1,055 $10,311 $220 $10,531 
Pork996 252 647 315 2,210 651 2,861 
Chicken3,444 3,213 539 961 8,157 49 8,206 
Prepared Foods2,899 1,751 110 109 4,869 — 4,869 
International/Other— — 1,150 — 1,150 — 1,150 
Intersegment— — — — — (920)(920)
Total$12,643 $7,923 $3,691 $2,440 $26,697 $— $26,697 
Six months ended March 30, 2024
Retail(a)
Foodservice(b)
International(c)
Industrial and Other(d)
Total External CustomersIntersegmentTotal
Beef$4,764 $2,602 $1,294 $1,127 $9,787 $190 $9,977 
Pork910 238 728 569 2,445 558 3,003 
Chicken3,468 3,215 442 925 8,050 48 8,098 
Prepared Foods2,902 1,857 110 78 4,947 — 4,947 
International/Other— — 1,162 — 1,162 — 1,162 
Intersegment— — — — — (796)(796)
Total$12,044 $7,912 $3,736 $2,699 $26,391 $— $26,391 
(a) Includes external sales to consumer products and food retailers, such as grocery retailers, warehouse club stores and internet-based retailers.
(b) Includes external sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.
(c) Includes external sales to international markets for internationally produced products or export sales of domestically produced products.
(d) Includes external sales to industrial food processing companies that further process our product to sell to end consumers and any remaining sales not included in the Retail, Foodservice or International categories. Additionally, during the three and six months ended March 29, 2025, Beef and Pork segments included a $93 million and $250 million reduction in Other, respectively, due to the recognition of legal contingency accruals.