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Inventories (Tables)
9 Months Ended
Oct. 01, 2016
Inventories  
Summary of inventories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October 1,

 

December 31,

 

(Millions of dollars)

    

2016

    

2015

 

At lower of LIFO cost or market:

 

 

 

 

 

 

 

Live hogs and materials

 

$

255

 

$

210

 

Fresh pork and materials

 

 

31

 

 

26

 

 

 

 

286

 

 

236

 

LIFO adjustment

 

 

(25)

 

 

(28)

 

Total inventories at lower of LIFO cost or market

 

 

261

 

 

208

 

At lower of FIFO cost or market:

 

 

 

 

 

 

 

Grains, oilseeds and other commodities

 

 

315

 

 

330

 

Sugar produced and in process

 

 

37

 

 

52

 

Other

 

 

62

 

 

61

 

Total inventories at lower of FIFO cost or market

 

 

414

 

 

443

 

Grain, flour and feed at lower of weighted average cost or market

 

 

104

 

 

88

 

 Total inventories

 

$

779

 

$

739