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Segment Information (Tables)
9 Months Ended
Oct. 01, 2016
Summary of specific financial information related to sales to external customers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales to External Customers:

 

Three Months Ended

 

Nine Months Ended

 

 

 

October 1,

 

October 3,

 

October 1,

 

October 3,

 

(Millions of dollars)

    

2016

    

2015

    

2016

    

2015

 

Pork

 

$

371

 

$

347

 

$

1,058

 

$

999

 

Commodity Trading and Milling

 

 

673

 

 

756

 

 

2,089

 

 

2,355

 

Marine

 

 

225

 

 

230

 

 

684

 

 

709

 

Sugar

 

 

34

 

 

49

 

 

103

 

 

139

 

Power

 

 

23

 

 

25

 

 

59

 

 

78

 

All Other

 

 

4

 

 

4

 

 

13

 

 

11

 

Segment/Consolidated Totals

 

$

1,330

 

$

1,411

 

$

4,006

 

$

4,291

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss):

 

Three Months Ended

 

Nine Months Ended

 

 

 

October 1,

 

October 3,

 

October 1,

 

October 3,

 

(Millions of dollars)

    

2016

    

2015

    

2016

    

2015

 

Pork

 

$

54

 

$

26

 

$

133

 

$

61

 

Commodity Trading and Milling

 

 

(13)

 

 

(5)

 

 

15

 

 

7

 

Marine

 

 

9

 

 

(2)

 

 

19

 

 

10

 

Sugar

 

 

(7)

 

 

3

 

 

(5)

 

 

8

 

Power

 

 

4

 

 

3

 

 

6

 

 

10

 

All Other

 

 

1

 

 

1

 

 

2

 

 

1

 

Segment Totals

 

 

48

 

 

26

 

 

170

 

 

97

 

Corporate

 

 

(6)

 

 

(3)

 

 

(16)

 

 

(14)

 

Consolidated Totals

 

$

42

 

$

23

 

$

154

 

$

83

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) from Affiliates:

 

Three Months Ended

 

Nine Months Ended

 

 

 

October 1,

 

October 3,

 

October 1,

 

October 3,

 

(Millions of dollars)

    

2016

    

2015

    

2016

    

2015

 

Pork

 

$

3

 

$

2

 

$

10

 

$

8

 

Commodity Trading and Milling

 

 

5

 

 

(19)

 

 

(10)

 

 

(44)

 

Marine

 

 

 —

 

 

1

 

 

1

 

 

2

 

Sugar

 

 

 —

 

 

1

 

 

1

 

 

1

 

Power

 

 

2

 

 

1

 

 

3

 

 

2

 

Turkey

 

 

11

 

 

30

 

 

49

 

 

70

 

Segment/Consolidated Totals

 

$

21

 

$

16

 

$

54

 

$

39

 

 

Summary of specific financial information related to total assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

October 1,

 

December 31,

 

(Millions of dollars)

    

2016

    

2015

 

Pork

 

$

1,118

 

$

858

 

Commodity Trading and Milling

 

 

1,005

 

 

988

 

Marine

 

 

316

 

 

296

 

Sugar

 

 

161

 

 

202

 

Power

 

 

188

 

 

271

 

Turkey

 

 

483

 

 

448

 

All Other

 

 

5

 

 

6

 

Segment Totals

 

 

3,276

 

 

3,069

 

Corporate

 

 

1,367

 

 

1,362

 

Consolidated Totals

 

$

4,643

 

$

4,431

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in and Advances to Affiliates:

 

October 1,

 

December 31,

 

(Millions of dollars)

    

2016

    

2015

 

Pork

 

$

166

 

$

115

 

Commodity Trading and Milling

 

 

208

 

 

218

 

Marine

 

 

35

 

 

19

 

Sugar

 

 

4

 

 

3

 

Power

 

 

28

 

 

34

 

Turkey

 

 

315

 

 

282

 

Segment/Consolidated Totals

 

$

756

 

$

671

 

 

Butterball, LLC  
Summary of specific financial information related to equity method

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

 

October 1,

 

October 3,

 

October 1,

 

October 3,

(Millions of dollars)

 

 

2016

    

2015

    

2016

    

2015

Net sales

 

$

450

 

$

511

 

$

1,226

 

$

1,299

 

Operating income

 

$

27

 

$

69

 

$

116

 

$

163

 

Net income

 

$

22

 

$

58

 

$

94

 

$

134

 

 

Texas Farm LLC, Christensen Farms And Feedlots Inc., Christensen Farms Midwest LLC and hog inventory and sow farm  
Schedule of proforma information related to acquisition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

 

 

October 1,

 

October 3,

October 1,

 

October 3,

 

(Millions of dollars except per share amounts)

 

 

2016

 

2015

2016

    

2015

 

Net sales

 

$

1,344

 

$

1,482

   

$

4,078

 

$

4,495

  

Net earnings

 

$

73

 

$

 —

 

$

198

 

$

54

 

Earnings per common share

 

$

62.71

 

$

0.02

 

$

169.27

 

$

45.77

 

 

Texas Farm LLC  
Schedule of allocation of preliminary purchase price

 

 

 

 

 

 

 

 

 

 

(Millions of dollars)

 

 

Inventories

    

$

16

 

Property, plant and equipment

 

 

42

 

Goodwill

 

 

3

 

Accounts payable

 

 

(2)

 

Total consideration transferred

 

$

59

 

 

Christensen Farms & Feedlots, Inc. and Christensen Farms Midwest, LLC, Assets  
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