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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2016
Apr. 04, 2015
Net sales:    
Products (includes sales to affiliates of $224 and $212) $ 1,066 $ 1,177
Service revenues 236 249
Other 17 26
Total net sales 1,319 1,452
Cost of sales and operating expenses:    
Products 990 1,119
Services 212 219
Other 17 21
Total cost of sales and operating expenses 1,219 1,359
Gross income (loss) 100 93
Selling, general and administrative expenses 64 65
Operating income 36 28
Other income (expense):    
Interest expense (8) (5)
Interest income 4 3
Interest income from affiliates 6 7
Income from affiliates 22 11
Other investment income, net 5 7
Foreign currency gains, net 7 1
Miscellaneous, net (3) (4)
Total other income, net 33 20
Earnings before income taxes 69 48
Income tax expense (14) (15)
Net earnings 55 33
Less: Net income attributable to noncontrolling interests (1)  
Net earnings attributable to Seaboard $ 54 $ 33
Earnings per common share $ 45.91 $ 28.11
Other comprehensive income (loss), net of income tax benefit of $10 and $0:    
Foreign currency translation adjustment $ (26) $ (6)
Unrealized gain on investments   1
Unrecognized pension cost 1 1
Other comprehensive loss, net of tax (25) (4)
Comprehensive income 30 29
Less: Comprehensive income attributable to the noncontrolling interests (1)  
Comprehensive income attributable to Seaboard $ 29 $ 29
Average number of shares outstanding (in shares) 1,170,550 1,170,550