Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Revenue Recognition

Schedule of sales disaggregated by revenue source and segment

(Millions of dollars)		Pork		Commodity Trading & Milling		Marine		Sugar		Power		All          Other		Consolidated Totals
Major Products/Services Lines:
Products	$	361	$	781	$	—	$	50	$	—	$	4	$	1,196
Transportation		4		—		249		—		—		—		253
Energy		93		—		—		1		23		—		117
Other		8		5		—		—		—		—		13
Segment/Consolidated Totals	$	466	$	786	$	249	$	51	$	23	$	4	$	1,579

ASU 2014-09

Revenue Recognition

Schedule of impacts of adopting ASU 2014-09

Consolidated Statement of Comprehensive Income
		Balances without
(Millions of dollars)		adoption of Topic 606		Adjustments		As reported
Total net sales	$	1,575	$	4	$	1,579
Total cost of sales and operating expenses	$	1,404	$	3	$	1,407

Consolidated Balance Sheet
		Balances without
(Millions of dollars)		adoption of Topic 606		Adjustments		As reported
Receivables, net	$	599	$	9	$	608
Inventories	$	813	$	(16)	$	797
Deferred revenue	$	82	$	(7)	$	75

Consolidated Statement of Cash Flows
		Balances without
(Millions of dollars)		adoption of Topic 606		Adjustments		As reported
Changes in assets and liabilities, net of acquisitions:
Receivables, net of allowance	$	(79)	$	(9)	$	(88)
Inventories	$	(14)	$	16	$	2
Current liabilities, exclusive of debt	$	(60)	$	(7)	$	(67)