Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

Texas Farm LLC, Christensen Farms and three additional acquisitions

Acquisitions

Schedule of proforma information related to acquisitions

	Twelve months ended
(Unaudited)	December 31,
(Millions of dollars except per share amounts)	2016		2015
Net sales	$	5,455	$	5,866
Net earnings	$	303	$	145
Earnings per common share	$	257.10	$	123.37

Texas Farm LLC

Acquisitions

Schedule of allocation of purchase price

(Millions of dollars)
Inventories	$	16
Property, plant and equipment		42
Goodwill		3
Accounts payable		(2)
Total consideration transferred	$	59

Christensen Farms

Acquisitions

Schedule of allocation of purchase price

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

Belarina

Acquisitions

Schedule of allocation of purchase price

(Millions of dollars)
Accounts receivable	$	7
Inventories		6
Property, plant and equipment		25
Other assets		4
Goodwill		1
Third-party debt		(14)
Other liabilities		(11)
Total business valuation	$	18
Fair value of pre-existing interest	$	18