TYSON FOODS, INC. Goodwill & Intangibles Disclosure
| Beef | Pork | Chicken | Prepared Foods | International/Other | Consolidated | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||
| Fiscal 2025 Activity: | |||||||||||||||||||||||||||||||||||||||||
| Sale of business | — | — | — | — | (4) | (4) | |||||||||||||||||||||||||||||||||||
| Impairment losses | (343) | — | — | — | — | (343) | |||||||||||||||||||||||||||||||||||
| Currency translation | — | — | — | — | (3) | (3) | |||||||||||||||||||||||||||||||||||
Balance at September 27, 2025(a) | $ | — | $ | 423 | $ | 3,001 | $ | 5,891 | $ | 154 | $ | 9,469 | |||||||||||||||||||||||||||||
| 2025 | 2024 | ||||||||||
| Amortizable intangible assets: | |||||||||||
| Brands and trademarks | $ | 992 | $ | 995 | |||||||
| Customer relationships | 2,385 | 2,399 | |||||||||
| Supply arrangements | 310 | 310 | |||||||||
| Patents, intellectual property and other | 45 | 45 | |||||||||
| Land use rights | 9 | 9 | |||||||||
| Total gross amortizable intangible assets | $ | 3,741 | $ | 3,758 | |||||||
| Less accumulated amortization | 2,195 | 1,961 | |||||||||
| Total net amortizable intangible assets | $ | 1,546 | $ | 1,797 | |||||||
| Brands and trademarks not subject to amortization | 4,078 | 4,078 | |||||||||
| Total intangible assets | $ | 5,624 | $ | 5,875 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 10, 2025 | Showing above |
| 2024 | Nov 12, 2024 | |
| 2023 | Nov 13, 2023 | |
| 2022 | Nov 14, 2022 | |
| 2021 | Nov 15, 2021 | |
| 2020 | Nov 16, 2020 | |
| 2019 | Nov 12, 2019 | |
| 2018 | Nov 13, 2018 | |
| 2017 | Nov 13, 2017 | |
| 2016 | Nov 21, 2016 | |
| 2015 | Nov 23, 2015 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.