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PARENT COMPANY CONDENSED FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2011
PARENT COMPANY CONDENSED FINANCIAL INFORMATION [Abstract]  
Parent Company's Condensed Balance Sheets
The following table presents the Parent Company's condensed balance sheets as of December 31, 2011 and 2010 (in millions):

   
2011
   
2010
 
ASSETS
               
Current Assets:
               
Cash and cash equivalents
 
$
1
   
$
-
 
Accounts and other receivables, net
   
3
     
5
 
Inventories
   
24
     
16
 
Real estate held for sale
   
--
     
3
 
Prepaid expenses and other
   
5
     
6
 
Total current assets
   
33
     
30
 
Investments:
               
Subsidiaries consolidated, at equity
   
1,313
     
1,299
 
Property, at Cost
   
518
     
501
 
Less accumulated depreciation and amortization
   
237
     
225
 
Property – net
   
281
     
276
 
Other Assets
   
16
     
17
 
Total
 
$
1,643
   
$
1,622
 
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
Current Liabilities:
               
Current portion of long-term debt
 
$
34
   
$
108
 
Accounts payable
   
6
     
8
 
Income taxes payable
   
22
     
2
 
Non-qualified benefit plans
   
1
     
1
 
Other
   
17
     
17
 
Total current liabilities
   
80
     
136
 
Long-term Debt
   
308
     
230
 
Employee Benefit Plans
   
41
     
27
 
Non-qualified Benefit Plans
   
8
     
10
 
Other Long-term Liabilities
   
19
     
11
 
Deferred Income Taxes
   
50
     
50
 
Due to Subsidiaries
   
14
     
22
 
Shareholders' Equity:
               
Capital stock
   
34
     
34
 
Additional capital
   
239
     
223
 
Accumulated other comprehensive loss
   
(92
)
   
(82
)
Retained earnings
   
953
     
972
 
Cost of treasury stock
   
(11
)
   
(11
)
Total shareholders' equity
   
1,123
     
1,136
 
Total
 
$
1,643
   
$
1,622
 

Parent Company's Condensed Statements of Income
The following table presents the Parent Company's condensed statements of income for the years ended December 31, 2011, 2010, and 2009 (in millions):

   
2011
   
2010
   
2009
 
Revenue:
                       
Agribusiness
 
$
128
   
$
117
   
$
73
 
Real estate leasing
   
24
     
16
     
13
 
Real estate sales
   
15
     
2
     
8
 
Interest and other
   
3
     
6
     
2
 
Total revenue
   
170
     
141
     
96
 
                         
Costs and Expenses:
                       
Cost of agribusiness goods and services
   
113
     
114
     
109
 
Cost of real estate sales and leasing
   
21
     
11
     
9
 
Selling, general and administrative
   
21
     
24
     
21
 
Interest and other
   
16
     
16
     
16
 
Income tax benefit (expense)
   
2
     
(12
)
   
(22
)
Total costs and expenses
   
173
     
153
     
133
 
                         
Loss from Continuing Operations
   
(3
)
   
(12
)
   
(37
)
                         
Discontinued Operations, net of income taxes
   
2
     
24
     
11
 
                         
Income (Loss) Before Equity in Income of Subsidiaries Consolidated
   
(1
)
   
12
     
(26
)
                         
Equity in Income from Continuing Operations of Subsidiaries Consolidated
   
58
     
81
     
44
 
                         
Equity in Income (Loss) from Discontinued Operations of Subsidiaries Consolidated
   
(23
)
   
(1
)
   
26
 
                         
Net Income
   
34
     
92
     
44
 
                         
Other Comprehensive Income (Loss), net of income taxes
   
(10
)
   
(1
)
   
15
 
                         
Comprehensive Income
 
$
24
   
$
91
   
$
59
 

Parent Company's Condensed Statements of Cash Flows
The following table presents the Parent Company's condensed statements of cash flows for the years ended December 31, 2011, 2010, and 2009 (in millions):

   
2011
   
2010
   
2009
 
Cash Flows from Operations (including dividends received from subsidiaries)
 
$
96
   
$
37
   
$
90
 
                         
Cash Flows from Investing Activities:
                       
Capital expenditures
   
(10
)
   
(14
)
   
(6
)
Purchase of investments
   
(58
)
   
(67
)
   
(96
)
Proceeds from disposal of property and sale of investments
   
12
     
36
     
28
 
Net cash used in investing activities
   
(55
)
   
(45
)
   
(74
)
                         
Cash Flows from Financing Activities:
                       
Change in intercompany payables/receivables
   
--
     
--
     
(13
)
Proceeds from (repayments of) long-term debt, net
   
3
     
52
     
51
 
Proceeds from issuance of capital stock and other
   
10
     
7
     
(1
)
Repurchases of capital stock
   
--
     
--
     
--
 
Dividends paid
   
(53
)
   
(52
)
   
(52
)
Net cash used in financing activities
   
(40
)
   
7
     
(15
)
                         
Cash and Cash Equivalents:
                       
Net increase (decrease) for the year
   
1
     
(1
)
   
1
 
Balance, beginning of year
   
--
     
1
     
--
 
Balance, end of year
 
$
1
   
$
--
   
$
1
 
                         
Other Cash Flow Information:
                       
Interest paid
 
$
(16
)
 
$
(15
)
 
$
(13
)
Income taxes paid, net of refunds
 
$
(25
)
 
$
(46
)
 
$
(38
)
                         
Other Non-cash Information:
                       
Depreciation expense
 
$
16
   
$
16
   
$
17
 
Tax-deferred property sales
 
$
16
   
$
65
   
$
29
 
Tax-deferred property purchases
 
$
(12
)
 
$
(78
)
 
$
(40
)
Parent Company's Long-Term Debt
Long-term Debt:  At December 31, 2011 and 2010, long-term debt consisted of the following (in millions):

   
2011
   
2010
 
                 
Revolving Credit loans  (1.24% for 2011 and 0.57% for 2010)
 
$
113
   
$
93
 
Term Loans:
               
6.90%, payable through 2020
   
100
     
100
 
5.53%, payable through 2016
   
42
     
50
 
5.55%, payable through 2017
   
50
     
50
 
5.56%, payable through 2016
   
25
     
25
 
4.10%, payable through 2012
   
4
     
12
 
6.20%, payable through 2013, secured by Deere Valley Center
   
2
     
2
 
5.50%, payable through 2014, secured by Little Cottonwood Center
   
6
     
6
 
Total
   
342
     
338
 
Less current portion
   
(34
)
   
(108
)
Long-term debt
 
$
308
   
$
230