Tyson Foods 2012 Annual Report Download - page 70

70
in millions
Chicken Beef Pork Prepared Foods Other Intersegment Sales Consolidated
Fiscal year ended September 29, 2012
Sales $ 11,591 $ 13,755 $ 5,510 $ 3,237 $ 167 $ (982) $ 33,278
Operating Income (Loss) 446 218 417 181 (14) 1,248
Total Other (Income) Expense 321
Income before Income Taxes 927
Depreciation 268 86 30 54 5 443
Total Assets 5,902 2,634 895 960 1,505 11,896
Additions to property, plant and equipment 451 100 32 99 8 690
Fiscal year ended October 1, 2011
Sales $ 11,017 $ 13,549 $ 5,460 $ 3,215 $ 127 $ (1,102) $ 32,266
Operating Income (Loss) 164 468 560 117 (24) 1,285
Total Other (Income) Expense 211
Income before Income Taxes 1,074
Depreciation 259 84 28 58 4 433
Total Assets 5,412 2,610 960 943 1,146 11,071
Additions to property, plant and equipment 464 88 27 58 6 643
Fiscal year ended October 2, 2010
Sales $ 10,062 $ 11,707 $ 4,552 $ 2,999 $ — $ (890) $ 28,430
Operating Income (Loss) 519 542 381 124 (10) 1,556
Total Other (Income) Expense 353
Income before Income Taxes 1,203
Depreciation 251 82 27 56 — 416
Total Assets 5,031 2,468 845 940 1,468 10,752
Additions to property, plant and equipment 320 61 27 42 100 550
We allocate expenses related to corporate activities to the segments, while the related assets and additions to property, plant and
equipment remain in Other.
The Pork segment had sales of $771 million, $816 million and $718 million for fiscal 2012, 2011 and 2010, respectively, from
transactions with other operating segments. The Beef segment had sales of $211 million, $286 million and $172 million for fiscal
2012, 2011 and 2010, respectively, from transactions with other operating segments.
Our largest customer, Wal-Mart Stores, Inc., accounted for 13.8%, 13.3% and 13.4% of consolidated sales in fiscal 2012, 2011 and
2010, respectively. Sales to Wal-Mart Stores, Inc. were included in the Chicken, Beef, Pork and Prepared Foods segments. Any
extended discontinuance of sales to this customer could, if not replaced, have a material impact on our operations.
The majority of our operations are domiciled in the United States. Approximately 95%, 96% and 96% of sales to external customers
for fiscal 2012, 2011 and 2010, respectively, were sourced from the United States. Approximately $5.9 billion and $5.8 billion,
respectively, of long-lived assets were located in the United States at September 29, 2012, and October 1, 2011. Approximately $564
million and $539 million of long-lived assets were located in foreign countries, primarily Brazil, China, Mexico and India, at
September 29, 2012, and October 1, 2011, respectively.
We sell certain products in foreign markets, primarily Brazil, Canada, Central America, China, the European Union, Japan, Mexico,
the Middle East, Russia, South Korea, Taiwan, Ukraine and Vietnam. Our export sales from the United States totaled $4.0 billion, $4.1
billion and $3.2 billion for fiscal 2012, 2011 and 2010, respectively. Substantially all of our export sales are facilitated through
unaffiliated brokers, marketing associations and foreign sales staffs. Sales of products produced in a country other than the United
States were less than 10% of consolidated sales for each of fiscal 2012, 2011 and 2010.