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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 194 $ 116
Short-term investments 1,336 1,576
Receivables:    
Trade 392 299
Due from affiliates 111 120
Other 81 92
Total receivables 584 511
Allowance for doubtful accounts (33) (29)
Net receivables 551 482
Inventories 815 780
Prepaid expenses 55 94
Other current assets 76 80
Total current assets 3,027 3,128
Net property, plant and equipment 1,160 1,077
Investments in and advances to affiliates 804 851
Goodwill 167 22
Other intangible assets, net 69 2
Other non-current assets 80 81
Total assets 5,307 5,161
Current liabilities:    
Notes payable to banks 148 162
Current maturities of long-term debt 39 53
Accounts payable 218 256
Payables due to affiliates 20 16
Accrued compensation and benefits 123 118
Deferred revenue 39 47
Deferred revenue from affiliates 31 34
Accrued voyage costs 58 35
Other current liabilities 108 97
Total current liabilities 784 818
Long-term debt, less current maturities 739 482
Accrued pension liability 136 128
Deferred income taxes 127 112
Long-term income tax liability 73 111
Other liabilities and deferred credits 119 102
Total non-current liabilities 1,194 935
Commitments and contingent liabilities
Stockholders' equity:    
Common stock of $1 par value. Authorized 1,250,000 shares; issued and outstanding 1,169,217 shares in 2018 and 1,170,550 shares in 2017 1 1
Accumulated other comprehensive loss (410) (354)
Retained earnings 3,727 3,750
Total Seaboard stockholders' equity 3,318 3,397
Noncontrolling interests 11 11
Total equity 3,329 3,408
Total liabilities and stockholders' equity $ 5,307 $ 5,161