Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2018

Revenue Recognition

Schedule of sales disaggregated by revenue source and segment

		Year Ended December 31, 2018
(Millions of dollars)		Pork		Commodity Trading & Milling		Marine		Sugar and Alcohol		Power		All          Other		Consolidated Totals
Major Products/Services Lines:
Products	$	1,451	$	3,410	$	—	$	173	$	—	$	18	$	5,052
Transportation		9		—		1,057		—		—		—		1,066
Energy		282		—		—		11		122		—		415
Other		32		18		—		—		—		—		50
Segment/Consolidated Totals	$	1,774	$	3,428	$	1,057	$	184	$	122	$	18	$	6,583

ASU 2014-09

Revenue Recognition

Schedule of impacts of adopting ASU 2014-09

Consolidated Statement of Comprehensive Income
		Year ended
		December 31, 2018
		Balances Without
		Adoption				As
(Millions of dollars)		of Topic 606		Adjustments		Reported
Total net sales	$	6,555	$	28	$	6,583
Total cost of sales	$	6,032	$	28	$	6,060

Consolidated Balance Sheet		December 31, 2018
		Balances Without				As
(Millions of dollars)		Adoption of Topic 606		Adjustments		Reported
Net receivables	$	544	$	7	$	551
Inventories	$	860	$	(45)	$	815
Deferred revenue	$	77	$	(38)	$	39

Consolidated Statement of Cash Flows		Year ended December 31, 2018
		Balances Without				As
(Millions of dollars)		Adoption of Topic 606		Adjustments		Reported
Changes in assets and liabilities, net of acquisitions:
Receivables, net of allowance	$	(51)	$	(7)	$	(58)
Inventories	$	(79)	$	45	$	(34)
Current liabilities, exclusive of debt	$	16	$	(38)	$	(22)