Inventories (Tables)

9 Months Ended

Sep. 29, 2018

Inventories

Summary of inventories

	September 29,		December 31,
(Millions of dollars)	2018		2017
At lower of LIFO cost or market:
Live hogs and materials	$	345	$	313
Fresh pork and materials		38		28
		383		341
LIFO adjustment		(39)		(31)
Total inventories at lower of LIFO cost or market		344		310
At lower of FIFO cost and net realizable value:
Grains, oilseeds and other commodities		292		253
Sugar produced and in process		29		38
Other		63		90
Total inventories at lower of FIFO cost and net realizable value		384		381
Grain, flour and feed at lower of weighted average cost and net realizable value		146		89
Total inventories	$	874	$	780