−Removed: The following table summarizes our domestic properties as of October 1, 2022:
+Added: The following table summarizes our domestic properties as of September 30, 2023:
Number of Facilities (1)
Owned Leased Total Capacity (2)
−Removed: Average Capacity Utilization
−Removed: Beef Segment Production Facilities 14 — 14 155,000 head 79 %
−Removed: Pork Segment Production Facilities 7 — 7 471,000 head 84 %
−Removed: Chicken Segment Operation Facilities 178 7 185 47 million head 83 %
−Removed: Prepared Foods Segment Operation Facilities 34 — 34 73 million pounds 77 %
+Added: Beef Segment Facilities 14 — 14 155,000 head
+Added: Pork Segment Facilities 7 — 7 471,000 head
+Added: Chicken Segment Facilities 176 7 183 45 million head
+Added: Prepared Foods Segment Facilities 36 — 36 71 million pounds
(1) Certain facilities produce products that are reported in multiple segments.
1 unchanged sentence
Additionally, livestock grower farms are excluded.
+Added: (2) Capacity per week is not an indication of production rates.
Capacity per week is based on the following:
Beef and Pork (six day week) and Chicken and Prepared Foods (five day week).
−Removed: Average capacity utilization is based on capacity available throughout the year.
+Added: Utilization of capacity varies by facility based on the type of products assigned and the level of demand for those products.
Beef facilities include various phases of harvesting live cattle and fabricating beef products and specialty products.
8 unchanged sentences
The blending mills, feed mills, grain elevators and broiler hatcheries have sufficient capacity to meet the needs of the chicken growout operations.
−Removed: The Chicken segment includes two processing facilities that share facilities with and are included in the Prepared Foods segment in the table above.
+Added: The Chicken segment includes one processing facility that shares a facility with and is included in the Prepared Foods segment in the table above.
+Added: As described in Part II, Item 8, Notes to Consolidated Financial Statements, Note 7:
+Added: Restructuring and Related Charges, we announced the closures of six Chicken segment facilities of which two have closed as of September 30, 2023 and four are expected to close in the first half of fiscal 2024.
Prepared Foods
1 unchanged sentence
Our Prepared Foods facilities process fresh and frozen chicken, turkey, beef, pork and other raw materials into ready-to-eat sandwiches, sandwich components such as flame-grilled hamburgers and Philly steaks, pizza toppings, raw and processed meats, appetizers, prepared meals, ethnic foods, flour and corn tortilla products and meat dishes.
−Removed: The Prepared Foods segment includes one processing facility that is shared with and is included in the Chicken segment in the table above.
We own and lease domestic distribution and cold storage facilities that support the supply chains of all our segment operations and are not specifically dedicated to individual segments.
−Removed: Our International/Other foreign production operations in Asia-Pacific and China-Korea include one beef facility, 20 chicken processing facilities, four feed mills and one broiler hatchery.
+Added: Our International/Other foreign production operations in Asia-Pacific and China-Korea include one beef facility, 21 chicken processing facilities, three feed mills and one broiler hatchery.
The processing facilities include various phases of harvesting, dressing, cutting, packaging, deboning and further-processing.
We also have a foreign production operation in Europe which includes a chicken further-processing facility.
−Removed: We believe our present facilities are generally adequate and suitable for our current purposes;
−Removed: however, seasonal fluctuations in inventories and production may occur as a reaction to market demands for certain products.
+Added: We believe our present facilities are generally adequate and suitable, have sufficient capacity and are appropriately utilized for our current purposes.
+Added: Fluctuations in inventories, production and utilization may occur based upon seasonal or other changes in demand for our products.
We regularly engage in construction and other capital improvement projects intended to expand capacity and improve the efficiency of our processing and support facilities.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.