notes to  consolidated  financial  statements Tyson Foods, Inc. 2002 annual report p 40 Included in current debt are short-term notes payable totaling $37 million and $18 million at September 28, 2002, and September 29, 2001, respectively. The Company has fully and unconditionally guaranteed $541 million of senior notes issued by IBP, a wholly-owned subsidiary  of the Company. The following condensed consolidating financial information is provided for the Company, as guarantor, and for IBP, as issuer,  as an alternative to providing separate financial statements for the issuer. Financial results of the live swine operations, as well as interest expense related to the IBP acquisition are included in the Tyson amounts. Condensed Consolidating Statement of Income for the year ended September 28, 2002 in millions Tyson IBP Adjustments Consolidated Sales $7,848 $15,563 $(44) $23,367 Cost of Sales 6,900 14,694 (44) 21,550 948 869 – 1,817 Operating Expenses: Selling, general and administrative 509 368 877 Other charges 26 27 53 Operating Income 413 474 887 Interest and Other Expense 243 51 294 Income Before Income Taxes and Minority Interest 170 423 593 Provision for Income Taxes 53 157 210 Minority Interest – Net Income $ 117 $ 266 $ – $ 383 in millions Tyson IBP Adjustments Consolidated Sales $7,520 $ 3,048 $ (5) $10,563 Cost of Sales 6,764 2,901 (5) 9,660 756 147 – 903 Selling, General and Administrative 510 77 587 Operating Income 246 70 316 Interest and Other Expense 135 16 151 Income Before Income Taxes and Minority Interest 111 54 165 Provision for Income Taxes 40 18 58 Minority Interest 1 18 19 Net Income $ 70 $ 18 $ – $ 88 Condensed Consolidating Statement of Income for the year ended September 29, 2001