Segment Information (Tables)

6 Months Ended

Jul. 02, 2016

Schedule of allocation of preliminary purchase price

(Millions of dollars)
Inventories	$	33
Property, plant and equipment		111
Intangible assets		1
Goodwill		3
Total consideration transferred	$	148

Schedule of proforma information related to acquisition

	Three months ended				Six months ended
		July 2,		July 4,	July 2,		July 4,
(Millions of dollars except per share amounts)		2016		2015	2016		2015
Net sales	$	1,357	$	1,469	$	2,692	$	2,958
Net earnings	$	80	$	36	$	135	$	68
Earnings per common share	$	68.34	$	30.46	$	114.25	$	57.71

Summary of specific financial information related to sales to external customers

Sales to External Customers:	Three Months Ended				Six Months Ended
	July 2,		July 4,		July 2,		July 4,
(Millions of dollars)	2016		2015		2016		2015
Pork	$	359	$	331	$	687	$	652
Commodity Trading and Milling		707		779		1,416		1,599
Marine		232		242		459		479
Sugar		36		45		69		90
Power		19		28		36		53
All Other		4		3		9		7
Segment/Consolidated Totals	$	1,357	$	1,428	$	2,676	$	2,880

Summary of specific financial information related to operating income (loss)

Operating Income (Loss):	Three Months Ended				Six Months Ended
	July 2,		July 4,		July 2,		July 4,
(Millions of dollars)	2016		2015		2016		2015
Pork	$	50	$	19	$	79	$	35
Commodity Trading and Milling		19		8		28		12
Marine		7		5		10		12
Sugar		2		1		2		5
Power		2		4		2		7
All Other		1		—		1		—
Segment Totals		81		37		122		71
Corporate		(5)		(5)		(10)		(11)
Consolidated Totals	$	76	$	32	$	112	$	60

Summary of specific financial information related to income (loss) from affiliates

Income (Loss) from Affiliates:	Three Months Ended				Six Months Ended
	July 2,		July 4,		July 2,		July 4,
(Millions of dollars)	2016		2015		2016		2015
Pork	$	4	$	4	$	7	$	6
Commodity Trading and Milling		(11)		(16)		(15)		(25)
Marine		—		—		1		1
Sugar		—		—		1		—
Power		—		1		1		1
Turkey		18		23		38		40
Segment/Consolidated Totals	$	11	$	12	$	33	$	23

Summary of specific financial information related to total assets

Total Assets:	July 2,		December 31,
(Millions of dollars)	2016		2015
Pork	$	1,026	$	858
Commodity Trading and Milling		903		988
Marine		313		296
Sugar		176		202
Power		199		271
Turkey		483		448
All Other		6		6
Segment Totals		3,106		3,069
Corporate		1,321		1,362
Consolidated Totals	$	4,427	$	4,431

Summary of specific financial information related to investments in and advances to affiliates

Investments in and Advances to Affiliates:	July 2,		December 31,
(Millions of dollars)	2016		2015
Pork	$	146	$	115
Commodity Trading and Milling		207		218
Marine		35		19
Sugar		3		3
Power		35		34
Turkey		316		282
Segment/Consolidated Totals	$	742	$	671

Butterball, LLC

Summary of specific financial information related to equity method

	Three Months Ended				Six Months Ended
		July 2,		July 4,		July 2,		July 4,
(Millions of dollars)		2016		2015		2016		2015
Net sales	$	391	$	390	$	776	$	788
Operating income	$	44	$	51	$	89	$	94
Net income	$	34	$	44	$	72	$	76