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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Net sales:        
Net sales $ 1,822 $ 1,691 $ 3,365 $ 3,270
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,686 1,575 3,179 2,982
Gross income 136 116 186 288
Selling, general and administrative expenses 83 84 167 159
Operating income 53 32 19 129
Other income (expense):        
Interest expense (12) (11) (18) (19)
Interest income 8 3 15 6
Loss from affiliates (16) (16) (34) (22)
Other investment income (loss), net 37 12 150 (25)
Foreign currency gains (loss), net (1) (6) 2 (2)
Miscellaneous, net   (3)   (2)
Total other income (expense), net 16 (21) 115 (64)
Earnings before income taxes 69 11 134 65
Income tax expense (11) (4) (19) (26)
Net earnings 58 7 115 39
Less: Net loss (income) attributable to noncontrolling interests 0 0 0 0
Net earnings attributable to Seaboard $ 58 $ 7 $ 115 $ 39
Earnings per common share $ 50.13 $ 6.28 $ 98.92 $ 33.03
Other comprehensive loss, net of income tax benefit (expense) of $0, $1, $0 and $1:        
Foreign currency translation adjustment $ (9) $ (17) $ (11) $ (27)
Unrecognized pension cost 3 (3) 6 (2)
Other comprehensive loss, net of tax (6) (20) (5) (29)
Comprehensive income (loss) 52 (13) 110 10
Less: Comprehensive loss (income) attributable to noncontrolling interests 0 0 0 0
Comprehensive income (loss) attributable to Seaboard $ 52 $ (13) $ 110 $ 10
Average number of shares outstanding (in shares) 1,165,740 1,170,550 1,166,575 1,170,550
Products        
Net sales:        
Net sales $ 1,513 $ 1,382 $ 2,758 $ 2,673
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,422 1,309 2,652 2,454
Services        
Net sales:        
Net sales 275 278 544 542
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 238 242 478 482
Other        
Net sales:        
Net sales 34 31 63 55
Cost of sales and operating expenses:        
Total cost of sales and operating expenses $ 26 $ 24 $ 49 $ 46