Tyson Foods changes segment reporting; International now separate, corporate costs no longer allocated to segments

TYSON FOODS, INC.

Effective Q1 FY2026, CODM no longer allocates corporate expenses and amortization to segments.
International identified as a new reportable segment; segment operating income defined ex-corporate costs and amortization.
All prior period segment results (FY2023-2025) recast to reflect new presentation; exhibits provide GAAP and non-GAAP recast data.
Corporate expenses ($783M in FY2025) and amortization ($257M) now shown separately from segment results.
Change does not affect consolidated financials; historical comparability for segment margins is revised.

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