v3.24.3
Goodwill And Intangible Assets (Tables)
 12 Months Ended
Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Activity
The following table reflects goodwill activity for fiscal years 2024 and 2023 (in millions):
BeefPorkChickenPrepared FoodsInternational/OtherConsolidated
Balance at October 1, 2022 (a)
$676 $423 $3,273 $5,784 $357 $10,513 
Fiscal 2023 Activity:
Acquisitions$— $— $— $118 $19 $137 
Measurement period adjustments— — — 2 — 2 
Impairment losses(333)— (210)— (238)(781)
Currency translation— — 1 — 6 7 
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 
(a) Included in goodwill for fiscal 2024 and 2023 are accumulated impairment losses of $893 million in Beef, $210 million in Chicken and $295 million in International/Other. Included in goodwill as of October 1, 2022 are accumulated impairment losses of $560 million in Beef and $57 million in International/Other.
Schedule of Finite-Lived and Infinite-Lived Intangible Assets
The following table reflects intangible assets by type as of September 28, 2024 and September 30, 2023 (in millions):
20242023
Amortizable intangible assets:
Brands and trademarks$995 $1,007 
Customer relationships2,399 2,389 
Supply arrangements310 310 
Patents, intellectual property and other45 46 
Land use rights9 9 
Total gross amortizable intangible assets$3,758 $3,761 
Less accumulated amortization1,961 1,741 
Total net amortizable intangible assets$1,797 $2,020 
Brands and trademarks not subject to amortization4,078 4,078 
Total intangible assets$5,875 $6,098