XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Net sales:        
Net sales $ 1,691 $ 1,422 $ 3,270 $ 2,821
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,575 1,293 2,982 2,554
Gross income 116 129 288 267
Selling, general and administrative expenses 84 74 159 144
Operating income 32 55 129 123
Other income (expense):        
Interest expense (11) (7) (19) (10)
Interest income 2 5 4 7
Interest income from affiliates 1 6 2 12
Loss from affiliates (16) (8) (22) (7)
Other investment income (loss), net 12 28 (25) 65
Foreign currency gains (losses), net (6) 6 (2) 9
Miscellaneous, net (3) (1) (2) (3)
Total other income (expense), net (21) 29 (64) 73
Earnings before income taxes 11 84 65 196
Income tax expense (4) (25) (26) (53)
Net earnings 7 59 39 143
Less: Net loss attributable to noncontrolling interests   (1)    
Net earnings attributable to Seaboard $ 7 $ 58 $ 39 $ 143
Earnings per common share $ 6.28 $ 50.51 $ 33.03 $ 122.35
Other comprehensive income (loss), net of income tax benefit (expense) of $1, $0, $1 and $(1):        
Foreign currency translation adjustment $ (17) $ 1 $ (27) $ (1)
Unrealized gain on investments   2   3
Unrecognized pension cost (3) 1 (2) 2
Other comprehensive income (loss), net of tax (20) 4 (29) 4
Comprehensive income (loss) (13) 63 10 147
Less: Comprehensive income attributable to noncontrolling interests   (1)    
Comprehensive income (loss) attributable to Seaboard $ (13) $ 62 $ 10 $ 147
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 $ 1.50 $ 3.00 $ 3.00
Products        
Net sales:        
Net sales $ 1,382 $ 1,153 $ 2,673 $ 2,278
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,309 1,056 2,454 2,078
Services        
Net sales:        
Net sales 278 245 542 494
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 242 216 482 435
Other        
Net sales:        
Net sales 31 24 55 49
Cost of sales and operating expenses:        
Total cost of sales and operating expenses $ 24 $ 21 $ 46 $ 41