Leases (Tables)

3 Months Ended

Mar. 30, 2019

Leases

Summary of maturities of operating lease liabilities

Maturities of operating lease liabilities as of March 30, 2019 were as follows:

(Millions of dollars)
Remainder of 2019	$	99
2020		110
2021		97
2022		72
2023		51
Thereafter		205
Total undiscounted lease payments		634
Less imputed interest		(130)
Total operating lease liability	$	504

Schedule of commitments as of December 31, 2018

Below is Seaboard’s commitments table as of December 31, 2018, that disclosed operating lease payments for the next five years and thereafter. Seaboard had no material capital leases as of December 31, 2018.

	Years ended December 31,
(Millions of dollars)	2019		2020		2021		2022		2023		Thereafter
Ports	$	18	$	18	$	19	$	19	$	20	$	109
Vessel, time and voyage-charters		58		27		26		13		8		25
Contract grower agreements		47		41		37		27		18		61
Other operating lease payments		18		13		9		8		6		15
Total unrecognized non-cancelable commitments	$	141	$	99	$	91	$	67	$	52	$	210

Summary of components of lease costs

(Millions of dollars)
Operating lease cost	$	33
Variable lease cost		3
Short-term lease cost		10
Total lease cost	$	46