Source document: tyson-foods-inc_2019

Question: Did the adoption of the new FASB issued guidances have a material impact on the firm's consolidated financial statements? 
Facts: No
Answer: No

Question: What guidance did the FASB issue in November 2016?
Facts: In November 2016, the FASB issued guidance that requires entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows.
Answer: In November 2016, the FASB issued guidance that requires entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows.

Question: What guidance did the FASB issue in August 2016?
Facts: In August 2016, the FASB issued guidance that aims to eliminate diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows.
Answer: In August 2016, the FASB issued guidance that aims to eliminate diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows.

Question: What is the percentage change between the cost of sales previously reported in 2017 and 2018?
Facts: 33,177; 34,926
Derivation: ($34,926-$33,177)/$33,177
Answer: 5.27 percent

Question: What is the  percentage change between the cost of sales as recasted in 2017 and 2018?
Facts: 33,198; 34,956
Derivation: ($34,956-$33,198)/$33,198
Answer: 5.3 percent

Question: What is the difference between the operating income as recasted in 2017 and 2018?
Facts: 2,921; 3,032
Derivation: ($3,032-$2,921)/$2,921
Answer: 3.8 percent

Question: What happens when all three rating agencies have different rating levels?
Facts: the applicable fees and spread will be based upon the rating level that is between the rating levels of the other two rating agencies.
Answer: the applicable fees and spread will be based upon the rating level that is between the rating levels of the other two rating agencies.

Question: What percentage of the loan is the company currently paying for the unused portion of the facility?
Facts: 0.125%
Answer: 0.125%

Question: What are the firm's current credit rating by the three rating agencies?
Facts: Fitch Ratings', a wholly owned subsidiary of Fimlac, S.A. ("Fitch"), applicable rating is "BBB."; Moody’s Investor Service, Inc.'s ("Moody's") applicable rating is "Baa2."; Standard & Poor's Rating Services', a Standard & Poor's Financial Services LLC business ("S&P"), corporate credit rating is "BBB."
Answer: Standard & Poor's Rating Services', a Standard & Poor's Financial Services LLC business ("S&P"), corporate credit rating is "BBB."; Moody’s Investor Service, Inc.'s ("Moody's") applicable rating is "Baa2."; Fitch Ratings', a wholly owned subsidiary of Fimlac, S.A. ("Fitch"), applicable rating is "BBB."

Question: What is the difference in Facility Fee Rate between Tyson Foods and a company with a credit rating of A-/A3/A- or above?
Facts: 0.09; 0.125
Derivation: 0.125% - 0.09%
Answer: 0.04 percent

Question: What is the difference between the All-in Borrowing Spread and the Facility Fee Rate for Tyson Foods currently?
Facts: 0.125; 1.250
Derivation: 1.250% - 0.125%
Answer: 1.13 percent

Question: Suppose the approved loan amount for Tyson Foods is $12 million. What is the Facility Fee Rate payable?
Facts: 0.125; 12
Derivation: 0.125% * 12
Answer: 0.01 million