Tyson Foods 2004 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2004 Tyson Foods annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

56
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
NOTE TWENTY : SEGMENT REPORTING
The Company operates in five business segments: Chicken, Beef,
Pork, Prepared Foods and Other. The Company measures segment
profit as operating income.
is involved primarily in the processing of live
chickens into fresh, frozen and value-added chicken products.
The Chicken segment markets its products domestically to food
retailers, foodservice distributors, restaurant operators and non-
commercial foodservice establishments such as schools, hotel
chains, healthcare facilities, the military and other food processors,
as well as to international markets throughout the world. The
Chicken segment also includes sales from allied products and
the chicken breeding stock subsidiary.
is involved primarily in the processing of live fed
cattle and fabrication of dressed beef carcasses into primal and
sub-primal meat cuts and case-ready products. It also involves
deriving value from allied products such as hides and variety meats
for sale to further processors and others. The Beef segment markets
its products domestically to food retailers, foodservice distributors,
restaurant operators and noncommercial foodservice establishments
such as schools, hotel chains, healthcare facilities, the military and
other food processors, as well as to international markets throughout
the world. Allied products are also marketed to manufacturers of
pharmaceuticals and technical products.
is involved primarily in the processing of live market
hogs and fabrication of pork carcasses into primal and sub-primal
cuts and case-ready products. This segment also represents the
Company’s live swine group and related allied product processing
activities. The Pork segment markets its products domestically to
food retailers, foodservice distributors, restaurant operators and
noncommercial foodservice establishments such as schools, hotel
chains, healthcare facilities, the military and other food processors,
as well as to international markets throughout the world. It also
sells allied products to pharmaceutical and technical products
manufacturers, as well as live swine to pork processors.
includes the Company’s operations that
manufacture and market frozen and refrigerated food products.
Products include pepperoni, beef and pork toppings, pizza crusts,
flour and corn tortilla products, appetizers, prepared meals, ethnic
foods, soups, sauces, side dishes and meat dishes, as well as branded
and processed meats. The Prepared Foods segment markets its
products domestically to food retailers, foodservice distributors,
restaurant operators and noncommercial foodservice establish-
ments such as schools, hotel chains, healthcare facilities, the military
and other food processors, as well as to international markets
throughout the world.
includes the logistics group and other corporate
activities not identified with specific protein groups. This segment
also includes proceeds of $167 million received in fiscal 2003 related
to the settlement of vitamin antitrust litigation.