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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Net sales:        
Products (includes sales to affiliates of $270, $212, $529 and $436) $ 1,153 $ 1,094 $ 2,278 $ 2,160
Services (includes sales to affiliates of $1, $1, $3 and $1) 245 243 494 479
Other 24 20 49 37
Total net sales 1,422 1,357 2,821 2,676
Cost of sales and operating expenses:        
Products 1,056 981 2,078 1,971
Services 216 209 435 421
Other 21 16 41 33
Total cost of sales and operating expenses 1,293 1,206 2,554 2,425
Gross income 129 151 267 251
Selling, general and administrative expenses 75 75 147 139
Operating income 54 76 120 112
Other income (expense):        
Interest expense (7) (8) (10) (16)
Interest income 5   7 4
Interest income from affiliates 6 6 12 12
Income (loss) from affiliates (8) 11 (7) 33
Other investment income, net 28 8 65 13
Foreign currency gains, net 6 2 9 9
Miscellaneous, net   1   (2)
Total other income, net 30 20 76 53
Earnings before income taxes 84 96 196 165
Income tax expense (25) (16) (53) (30)
Net earnings 59 80 143 135
Less: Net income attributable to noncontrolling interests (1)     (1)
Net earnings attributable to Seaboard $ 58 $ 80 $ 143 $ 134
Earnings per common share $ 50.51 $ 68.34 $ 122.35 $ 114.25
Other comprehensive income (loss), net of income tax benefit (expense) of $0, $(2), $(1) and $8:        
Foreign currency translation adjustment $ 1 $ 10 $ (1) $ (16)
Unrealized gain on investments 2   3  
Unrecognized pension cost 1 1 2 2
Other comprehensive income (loss), net of tax 4 11 4 (14)
Comprehensive income 63 91 147 121
Less: Comprehensive income attributable to noncontrolling interests (1)     (1)
Comprehensive income attributable to Seaboard $ 62 $ 91 $ 147 $ 120
Average number of shares outstanding (in shares) 1,170,550 1,170,550 1,170,550 1,170,550
Dividends declared per common share (in dollars per share) $ 1.50   $ 3.00