Tyson Foods 2013 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2013 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 96

  • 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
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

48
NOTE 5: PROPERTY, PLANT AND EQUIPMENT
The following table reflects major categories of property, plant and equipment and accumulated depreciation at September 28, 2013,
and September 29, 2012:
in millions
2013 2012
Land $ 100 $ 101
Building and leasehold improvements 2,945 2,868
Machinery and equipment 5,504 5,208
Land improvements and other 417 408
Buildings and equipment under construction 236 298
9,202 8,883
Less accumulated depreciation 5,149 4,861
Net property, plant and equipment $ 4,053 $ 4,022
Approximately $418 million will be required to complete buildings and equipment under construction at September 28, 2013.
NOTE 6: GOODWILL AND OTHER INTANGIBLE ASSETS
The following table reflects goodwill activity for fiscal 2013 and 2012:
in millions
Chicken Beef Pork Prepared
Foods Consolidated
Balance at October 1, 2011
Goodwill $ 978 $ 1,123 $ 317 $ 63 $ 2,481
Accumulated impairment losses (29)(560) — — (589)
949 563 317 63 1,892
Fiscal 2012 Activity:
Impairment losses —————
Currency translation and other (1) — — — (1)
Balance at September 29, 2012
Goodwill 977 1,123 317 63 2,480
Accumulated impairment losses (29)(560) — — (589)
$ 948 $ 563 $ 317 $ 63 $ 1,891
Fiscal 2013 Activity:
Acquisition $ — $ — $ — $ 12 $ 12
Impairment losses —————
Currency translation and other (1) — — — (1)
Balance at September 28, 2013
Goodwill 976 1,123 317 75 2,491
Accumulated impairment losses (29)(560) — — (589)
$ 947 $ 563 $ 317 $ 75 $ 1,902