Revenue Recognition (Tables)

9 Months Ended

Sep. 29, 2018

Revenue Recognition

Schedule of sales disaggregated by revenue source and segment

		Three Months Ended September 29, 2018
(Millions of dollars)		Pork		Commodity Trading & Milling		Marine		Sugar		Power		All          Other		Consolidated Totals
Major Products/Services Lines:
Products	$	334	$	894	$	—	$	39	$	—	$	5	$	1,272
Transportation		4		—		259		—		—		—		263
Energy		66		—		—		4		34		—		104
Other		8		4		—		—		—		—		12
Segment/Consolidated Totals	$	412	$	898	$	259	$	43	$	34	$	5	$	1,651

		Nine Months Ended September 29, 2018
(Millions of dollars)		Pork		Commodity Trading & Milling		Marine		Sugar		Power		All          Other		Consolidated Totals
Major Products/Services Lines:
Products	$	1,060	$	2,560	$	—	$	149	$	—	$	13	$	3,782
Transportation		12		—		771		—		—		—		783
Energy		225		—		—		6		88		—		319
Other		23		14		—		—		—		—		37
Segment/Consolidated Totals	$	1,320	$	2,574	$	771	$	155	$	88	$	13	$	4,921

ASU 2014-09

Revenue Recognition

Schedule of impacts of adopting ASU 2014-09

Consolidated Statement of Comprehensive Income
		Three Months Ended						Nine Months Ended
		September 29, 2018						September 29, 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	$	1,658	$	(7)	$	1,651	$	4,899	$	22	$	4,921
Total cost of sales	$	1,534	$	(5)	$	1,529	$	4,488	$	23	$	4,511
Net earnings	$	36	$	(2)	$	34	$	74	$	(1)	$	73

Consolidated Balance Sheet		September 29, 2018
		Balances Without				As
(Millions of dollars)		Adoption of Topic 606		Adjustments		Reported
Receivables, net	$	500	$	6	$	506
Inventories	$	907	$	(33)	$	874
Deferred revenue	$	109	$	(26)	$	83
Total Seaboard stockholders’ equity	$	3,413	$	(1)	$	3,412

Consolidated Statement of Cash Flows		Nine Months Ended September 29, 2018
		Balances Without				As
(Millions of dollars)		Adoption of Topic 606		Adjustments		Reported
Net earnings	$	74	$	(1)	$	73
Changes in assets and liabilities, net of acquisitions:
Receivables, net of allowance	$	(2)	$	(6)	$	(8)
Inventories	$	(139)	$	33	$	(106)
Current liabilities, exclusive of debt	$	(2)	$	(26)	$	(28)