Tyson Foods 2015 Annual Report Download - page 70
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Please find page 70 of the 2015 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.AssetsandLiabilitiesMeasuredatFairValueonaRecurringBasis
Thefairvaluehierarchyrequirestheuseofobservablemarketdatawhenavailable.Ininstanceswheretheinputsusedtomeasurefairvaluefallintodifferent
levelsofthefairvaluehierarchy,thefairvaluemeasurementhasbeendeterminedbasedonthelowestlevelinputsignificanttothefairvaluemeasurementinits
entirety.Ourassessmentofthesignificanceofaparticularitemtothefairvaluemeasurementinitsentiretyrequiresjudgment,includingtheconsiderationof
inputsspecifictotheassetorliability.
Thefollowingtablessetforthbylevelwithinthefairvaluehierarchyourfinancialassetsandliabilitiesaccountedforatfairvalueonarecurringbasisaccordingto
thevaluationtechniquesweusedtodeterminetheirfairvalues:
inmillions
October3,2015 Level1
Level2
Level3
Netting(a)
Total
Assets:
DerivativeFinancialInstruments:
Designatedashedges $ —
$ 52
$ —
$ (35)
$ 17
Undesignated —
9
—
(9)
—
AvailableforSaleSecurities:
Current —
1
1
—
2
Non-current —
33
60
—
93
DeferredCompensationAssets 9
222
—
—
231
TotalAssets $ 9
$ 317
$ 61
$ (44)
$ 343
Liabilities:
DerivativeFinancialInstruments:
Designatedashedges $ —
$ 2
$ —
$(2)
$ —
Undesignated —
49
—
(47)
2
TotalLiabilities $ —
$ 51
$ —
$ (49)
$ 2
September27,2014 Level1
Level2
Level3
Netting(a)
Total
Assets:
DerivativeFinancialInstruments:
Designatedashedges $ —
$ 17
$ —
$ (17)
$ —
Undesignated —
42
—
(33)
9
AvailableforSaleSecurities:
Current —
1
—
—
1
Non-current 1
24
67
—
92
DeferredCompensationAssets 15
218
—
—
233
TotalAssets $ 16
$ 302
$ 67
$ (50)
$ 335
Liabilities:
DerivativeFinancialInstruments:
Designatedashedges $ —
$ 78
$ —
$ (78)
$ —
Undesignated —
82
—
(70)
12
TotalLiabilities $ —
$ 160
$ —
$ (148)
$ 12
(a) OurderivativeassetsandliabilitiesarepresentedinourConsolidatedBalanceSheetsonanetbasis.Wenetderivativeassetsandliabilities,includingcash
collateral,whenalegallyenforceablemasternettingarrangementexistsbetweenthecounterpartytoaderivativecontractandus.AtOctober3,2015,and
September27,2014,wehadpostedwithvariouscounterparties$5millionand$98million,respectively,ofcashcollateralrelatedtoourderivative
financialinstrumentsandheldnocashcollateral.
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