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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net sales:      
Products (includes sales to affiliates of $1,123, $993, and $831) $ 4,693 $ 4,334 $ 4,515
Services (includes sales to affiliates of $7, $8, and $4) 1,009 961 973
Other 107 84 106
Total net sales 5,809 5,379 5,594
Cost of sales and operating expenses:      
Products 4,298 3,992 4,244
Services 879 822 866
Other 83 68 88
Total cost of sales and operating expenses 5,260 4,882 5,198
Gross income 549 497 396
Selling, general and administrative expenses 317 275 270
Operating income 232 222 126
Other income (expense):      
Interest expense (29) (29) (18)
Interest income 15 15 40
Interest income from affiliates 22 24 29
Income (loss) from affiliates (7) 81 70
Other investment income (loss), net 177 69 (5)
Foreign currency gains, net 14 2 1
Miscellaneous, net 3   (2)
Total other income, net 195 162 115
Earnings before income taxes 427 384 241
Income tax expense (181) (70) (69)
Net earnings 246 314 172
Less: Net income (loss) attributable to noncontrolling interests 1 (2) (1)
Net earnings attributable to Seaboard $ 247 $ 312 $ 171
Earnings per common share $ 211.01 $ 266.50 $ 146.44
Other comprehensive income (loss), net of income tax benefit (expense) of $3, $12, and $0:      
Foreign currency translation adjustment $ (6) $ (26) $ (34)
Unrealized gain on investments 5 1  
Unrecognized pension cost (4) (1) 9
Other comprehensive loss, net of tax (5) (26) (25)
Comprehensive income 241 288 147
Less: Comprehensive income attributable to noncontrolling interests 1 (2) (1)
Comprehensive income attributable to Seaboard $ 242 $ 286 $ 146
Average number of shares outstanding (in shares) 1,170,550 1,170,550 1,170,550
Dividends declared per common share (in dollars per share) $ 6.00