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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Net sales:    
Products (includes sales to affiliates of $259 and $224) $ 1,125 $ 1,066
Services (includes sales to affiliates of $2 and $0) 249 236
Other 25 17
Total net sales 1,399 1,319
Cost of sales and operating expenses:    
Products 1,022 990
Services 219 212
Other 20 17
Total cost of sales and operating expenses 1,261 1,219
Gross income 138 100
Selling, general and administrative expenses 72 64
Operating income 66 36
Other income (expense):    
Interest expense (3) (8)
Interest income 2 4
Interest income from affiliates 6 6
Income (loss) from affiliates 1 22
Other investment income, net 37 5
Foreign currency gains, net 3 7
Miscellaneous, net   (3)
Total other income, net 46 33
Earnings before income taxes 112 69
Income tax expense (28) (14)
Net earnings 84 55
Less: Net income attributable to noncontrolling interests 1 (1)
Net earnings attributable to Seaboard $ 85 $ 54
Earnings per common share $ 71.84 $ 45.91
Other comprehensive income (loss), net of income tax benefit (expense) of $(1) and $10:    
Foreign currency translation adjustment $ (2) $ (26)
Unrealized gain on investments 1  
Unrecognized pension cost 1 1
Other comprehensive income (loss), net of tax   (25)
Comprehensive income 84 30
Less: Comprehensive income attributable to noncontrolling interests 1 (1)
Comprehensive income attributable to Seaboard $ 85 $ 29
Average number of shares outstanding (in shares) 1,170,550 1,170,550
Dividends declared per common share (in dollars per share) $ 1.50