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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 116 $ 77
Short-term investments 1,576 1,277
Receivables:    
Trade 299 269
Due from affiliates 113 110
Notes receivable from affiliate 7 163
Other 92 99
Total receivables 511 641
Allowance for doubtful accounts (29) (14)
Net receivables 482 627
Inventories 780 762
Prepaid expenses 94 44
Other current assets 80 61
Total current assets 3,128 2,848
Net property, plant and equipment 1,077 1,006
Investments in and advances to affiliates 851 773
Goodwill 22 19
Other non-current assets 83 109
Total assets 5,161 4,755
Current liabilities:    
Notes payable to banks 162 121
Current maturities of long-term debt 53 17
Accounts payable 256 194
Payables due to affiliates 16 22
Accrued compensation and benefits 118 118
Deferred revenue 47 66
Deferred revenue from affiliates 34 48
Accrued voyage costs 35 52
Accrued commodity inventory 6 35
Other current liabilities 91 112
Total current liabilities 818 785
Long-term debt, less current maturities 482 499
Accrued pension liability 128 121
Deferred income taxes 112 77
Long-term income tax liability 111  
Other liabilities and deferred credits 102 98
Total non-current liabilities 935 795
Commitments and contingent liabilities
Stockholders' equity:    
Common stock of $1 par value. Authorized 1,250,000 shares; issued and outstanding 1,170,550 1 1
Accumulated other comprehensive loss (354) (304)
Retained earnings 3,750 3,465
Total Seaboard stockholders' equity 3,397 3,162
Noncontrolling interests 11 13
Total equity 3,408 3,175
Total liabilities and stockholders' equity $ 5,161 $ 4,755