v3.26.1
Restructuring and Related Charges Restructuring and Related Charges (Tables)
6 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Restructuring Cost and Reserve [Line Items]    
Schedule of Accrued Liabilities Related to Plant Closures
The following table reflects our liability related to plant closures as of March 28, 2026 (in millions):
Balance at September 27, 2025Plant Closure ChargesPaymentsBalance at March 28, 2026
Contract termination$72 $— $(8)$64 
Severance and retention— — — — 
Total$72 $— $(8)$64 
 
Restructuring and Related Costs Related to the Network Optimization Program Restructuring Plan
The following table reflects pretax (income) expense related to the network optimization plan in the six months of fiscal 2026 (in millions):
BeefPorkChickenPrepared FoodsInternationalCorporate ExpensesTotal
Cost of Sales:
Severance and related costs$18 $— $$10 $— $— $33 
Accelerated depreciation90 — — — — — 90 
Asset write-offs (gain on sale)13 — — (1)(1)— 11 
Contract and lease terminations— — — 13 
Total Cost of Sales$123 $— $$16 $(1)$— $147 
Selling, General and Administrative:
Severance and related costs— 14 
Total Selling, General and Administrative$$$$$— $$14 
Non-Operating (Income)/Expense
Total$124 $$11 $20 $(1)$$163 
The following table reflects pretax expenses related to the network optimization plan in the six months of fiscal 2025 (in millions):
BeefPorkChickenPrepared FoodsInternationalCorporate ExpensesTotal
Cost of Sales:
Severance and related costs$$— $$$$— $17 
Accelerated depreciation38 — — — — 39 
Asset write-offs (gain on sale)— 22 23 — 57 
Contract and lease terminations— — — — — 
Total Cost of Sales$48 $— $30 $25 $11 $— $114 
Selling, General and Administrative:
Severance and related costs— — — — — 
Total Selling, General and Administrative$— $— $$— $— $— $
Total$48 $— $32 $25 $11 $— $116 
Schedule of Accrued Liabilities Related to Network Optimization Program Restructuring Plan
The following table reflects our liability related to the network optimization plan as of March 28, 2026 (in millions):
Balance at September 27, 2025ExpensesPaymentsBalance at March 28, 2026
Contract and lease terminations$31 $33 $— $64 
Severance and related costs47 (23)27 
Total$34 $80 $(23)$91