Processed products, livestock and supplies and other are valued at the lower of cost or net realizable value. Cost includes purchased raw materials, live purchase costs, growout costs (primarily feed, livestock grower pay and catch and haul costs), labor and manufacturing and production overhead, which are related to the purchase and production of inventories. At December 30, 2023, the cost of inventories was determined by either the first-in, first-out method or the weighted-average method, which is consistent with the methods used at September 30, 2023. Inventories are presented net of lower of cost or net realizable value adjustments of $186 million and $145 million as of December 30, 2023 and September 30, 2023, respectively.


	December 30, 2023		September 30, 2023
Processed products	$	2,745	$	2,847
Livestock	1,463		1,594
Supplies and other	879		887
Total inventory	$	5,087	$	5,328