Tyson Foods 2015 Annual Report Download - page 84
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Please find page 84 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.ThemajorityofouroperationsaredomiciledintheUnitedStates.Approximately97%,96%and96%ofsalestoexternalcustomersforfiscal2015,2014and
2013,respectively,weresourcedfromtheUnitedStates.Approximately$17.4billionoflong-livedassetswerelocatedintheUnitedStatesatOctober3,2015,
andSeptember27,2014.Excludinggoodwillandintangibleassets,long-livedassetstotaledapproximately$5.6billionand$5.4billionatOctober3,2015,and
September27,2014,respectively.Approximately$191millionand$324millionoflong-livedassetswerelocatedinforeigncountries,primarilyBrazil,China
andIndia,atOctober3,2015,andSeptember27,2014,respectively.Excludinggoodwillandintangibleassets,long-livedassetsinforeigncountriestotaled
approximately$165millionand$272millionatOctober3,2015,andSeptember27,2014,respectively.
Wesellcertainproductsinforeignmarkets,primarilyBrazil,Canada,CentralAmerica,China,theEuropeanUnion,Japan,Mexico,theMiddleEast,SouthKorea,
andTaiwan.OurexportsalesfromtheUnitedStatestotaled$4.1billion,$4.7billionand$4.2billionforfiscal2015,2014and2013,respectively.Substantially
allofourexportsalesarefacilitatedthroughunaffiliatedbrokers,marketingassociationsandforeignsalesstaffs.Salesofproductsproducedinacountryother
thantheUnitedStateswerelessthan10%ofconsolidatedsalesforeachoffiscal2015,2014and2013.
NOTE 18: SUPPLEMENTAL CASH FLOWS INFORMATION
Thefollowingtablesummarizescashpaymentsforinterestandincometaxes:
inmillions
2015
2014
2013
Interest,netofamountscapitalized $ 308
$ 118
$ 114
Incometaxes,netofrefunds 437
590
310
NOTE 19: TRANSACTIONS WITH RELATED PARTIES
WehaveoperatingleasesfortwowastewaterfacilitieswithanentityownedbytheDonaldJ.TysonRevocableTrust(forwhichMr.JohnTyson,Chairmanofthe
Company,isatrustee),BerryStreetWasteWaterTreatmentPlant,LP(90%ofwhichisownedbyTLP),andthesistersofMr.Tyson.Totalpaymentsof
approximately$1millionineachoffiscal2015,2014and2013werepaidtoleasethefacilities.
Infiscal2014,wepurchasedrealestatefromJHT,LLC,for$0.5milliontobuildanewdatacenter.TheJHT,LLC(forwhichMr.JohnTysonisthemanager),is
owned50%bytheDonaldJ.TysonRevocableTrustand50%bytheRandalW.TysonTestamentaryTrust.
AsofOctober3,2015,theTLP,ofwhichJohnTysonanddirectorBarbaraTysonaregeneralpartners,owned70millionshares,or99.985%ofClassBstockand,
alongwiththemembersoftheTysonfamily,owned5.4millionsharesofClassAstock,givingitcontrolofapproximately70.64%ofthetotalvotingpowerofour
outstandingvotingstock.Infiscal2013,aspartoftheCompany'spreviouslyapprovedstockrepurchaseplan,wepurchasedonemillionsharesofClassAstock
fromtheTLPfor$29.85millionor$29.85pershare.
NOTE 20: COMMITMENTS AND CONTINGENCIES
Commitments
Weleaseequipment,propertiesandcertainfarmsforwhichtotalrentalsapproximated$165million,$161millionand$200million,infiscal2015,2014and
2013,respectively.Mostleaseshaveinitialtermsofuptosevenyears,somewithvaryingrenewalperiods.Themostsignificantobligationsassumedunderthe
termsoftheleasesaretheupkeepofthefacilitiesandpaymentsofinsuranceandpropertytaxes.
Minimumleasecommitmentsundernon-cancelableleasesatOctober3,2015,were:
inmillions
2016 $ 125
2017 98
2018 72
2019 48
2020 39
2021andbeyond 111
Total $ 493
82