Case Study: Risks Of Tyson Foods

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Tyson is subject to risks associated with our international activities including impact of currency exchange rate fluctuations between the U.S. Dollar and foreign currencies, particularly the Brazilian Real, the British Pound Sterling, the Canadian Dollar, the Chinese Renminbi (specific), the European Euro, the Indian Rupee, and the Mexican Peso. Tyson Foods periodically enter into foreign exchange forward and option contracts to hedge some portion of our foreign currency exposure. A hypothetical 10% change in foreign exchange rates effective September 2014, and September 2013, related to the foreign exchange forward and option contracts would have a $9 million and $11 million impact, respectively, on pretax income raising it by