Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2018

Revenue Recognition

Schedule of sales disaggregated by revenue source and segment

		Three Months Ended June 30, 2018
(Millions of dollars)		Pork		Commodity Trading & Milling		Marine		Sugar		Power		All          Other		Consolidated Totals
Major Products/Services Lines:
Products	$	365	$	885	$	—	$	60	$	—	$	4	$	1,314
Transportation		4		—		263		—		—		—		267
Energy		66		—		—		1		31		—		98
Other		7		5		—		—		—		—		12
Segment/Consolidated Totals	$	442	$	890	$	263	$	61	$	31	$	4	$	1,691

		Six Months Ended June 30, 2018
(Millions of dollars)		Pork		Commodity Trading & Milling		Marine		Sugar		Power		All          Other		Consolidated Totals
Major Products/Services Lines:
Products	$	726	$	1,666	$	—	$	110	$	—	$	8	$	2,510
Transportation		8		—		512		—		—		—		520
Energy		159		—		—		2		54		—		215
Other		15		10		—		—		—		—		25
Segment/Consolidated Totals	$	908	$	1,676	$	512	$	112	$	54	$	8	$	3,270

ASU 2014-09

Revenue Recognition

Schedule of impacts of adopting ASU 2014-09

Consolidated Statement of Comprehensive Income
		Three Months Ended						Six Months Ended
		June 30, 2018						June 30, 2018
		Balances Without						Balances Without
		Adoption				As		Adoption				As
(Millions of dollars)		of Topic 606		Adjustments		Reported		of Topic 606		Adjustments		Reported
Total net sales	$	1,666	$	25	$	1,691	$	3,241	$	29	$	3,270
Total cost of sales	$	1,550	$	25	$	1,575	$	2,954	$	28	$	2,982
Net earnings	$	7	$	—	$	7	$	38	$	1	$	39

Consolidated Balance Sheet		June 30, 2018
		Balances Without				As
(Millions of dollars)		Adoption of Topic 606		Adjustments		Reported
Receivables, net	$	501	$	20	$	521
Inventories	$	916	$	(42)	$	874
Other current assets	$	127	$	1	$	128
Deferred revenue	$	79	$	(23)	$	56
Other current liabilities	$	282	$	1	$	283
Total Seaboard stockholders’ equity	$	3,402	$	1	$	3,403

Consolidated Statement of Cash Flows		Six Months Ended June 30, 2018
		Balances Without				As
(Millions of dollars)		Adoption of Topic 606		Adjustments		Reported
Net earnings	$	38	$	1	$	39
Changes in assets and liabilities, net of acquisitions:
Receivables, net of allowance	$	10	$	(20)	$	(10)
Inventories	$	(131)	$	42	$	(89)
Other current assets	$	49	$	(1)	$	48
Current liabilities, exclusive of debt	$	(35)	$	(22)	$	(57)