XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Net sales:        
Net sales $ 1,651 $ 1,402 $ 4,921 $ 4,223
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,529 1,254 4,511 3,808
Gross income 122 148 410 415
Selling, general and administrative expenses 85 75 244 219
Operating income 37 73 166 196
Other income (expense):        
Interest expense (12) (9) (31) (19)
Interest income 3 2 7 9
Interest income from affiliates   6 2 18
Loss from affiliates (18) (3) (40) (10)
Other investment income, net 40 54 15 119
Foreign currency gains, net 9 3 7 12
Miscellaneous, net 1 (2) (1) (5)
Total other income (expense), net 23 51 (41) 124
Earnings before income taxes 60 124 125 320
Income tax expense (26) (43) (52) (96)
Net earnings 34 81 73 224
Less: Net loss attributable to noncontrolling interests 1   1  
Net earnings attributable to Seaboard $ 35 $ 81 $ 74 $ 224
Earnings per common share $ 29.93 $ 69.28 $ 62.96 $ 191.63
Other comprehensive income (loss), net of income tax benefit (expense) of $(1), $1, $0, and $0:        
Foreign currency translation adjustment $ (25) $ (2) $ (52) $ (3)
Unrealized gain on investments       3
Unrecognized pension cost 1 1 (1) 3
Other comprehensive income (loss), net of tax (24) (1) (53) 3
Comprehensive income 10 80 20 227
Less: Comprehensive loss attributable to noncontrolling interests 1   1  
Comprehensive income attributable to Seaboard $ 11 $ 80 $ 21 $ 227
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 $ 4.50 $ 4.50
Products        
Net sales:        
Net sales $ 1,338 $ 1,135 $ 4,011 $ 3,413
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,267 1,028 3,721 3,106
Services        
Net sales:        
Net sales 273 238 815 732
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 235 206 717 641
Other        
Net sales:        
Net sales 40 29 95 78
Cost of sales and operating expenses:        
Total cost of sales and operating expenses $ 27 $ 20 $ 73 $ 61