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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Sep. 30, 2017
Oct. 01, 2016
Net sales:        
Products (includes sales to affiliates of $293, $261, $822 and $697) $ 1,135 $ 1,070 $ 3,413 $ 3,230
Services (includes sales to affiliates of $0, $0, $3 and $1) 238 237 732 716
Other 29 23 78 60
Total net sales 1,402 1,330 4,223 4,006
Cost of sales and operating expenses:        
Products 1,028 1,006 3,106 2,977
Services 206 198 641 619
Other 20 18 61 51
Total cost of sales and operating expenses 1,254 1,222 3,808 3,647
Gross income 148 108 415 359
Selling, general and administrative expenses 77 66 224 205
Operating income 71 42 191 154
Other income (expense):        
Interest expense (9) (7) (19) (23)
Interest income 2 7 9 11
Interest income from affiliates 6 6 18 18
Income (loss) from affiliates (3) 21 (10) 54
Other investment income, net 54 29 119 42
Foreign currency gains, net 3 1 12 10
Miscellaneous, net   1   (1)
Total other income, net 53 58 129 111
Earnings before income taxes 124 100 320 265
Income tax expense (43) (25) (96) (55)
Net earnings 81 75 224 210
Less: Net income attributable to noncontrolling interests       (1)
Net earnings attributable to Seaboard $ 81 $ 75 $ 224 $ 209
Earnings per common share $ 69.28 $ 64.42 $ 191.63 $ 178.67
Other comprehensive income (loss), net of income tax benefit (expense) of $1, $1, $0 and $9:        
Foreign currency translation adjustment $ (2) $ (7) $ (3) $ (23)
Unrealized gain on investments   1 3 1
Unrecognized pension cost 1   3 2
Other comprehensive income (loss), net of tax (1) (6) 3 (20)
Comprehensive income 80 69 227 190
Less: Comprehensive income attributable to noncontrolling interests       (1)
Comprehensive income attributable to Seaboard $ 80 $ 69 $ 227 $ 189
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   $ 4.50