Inventories (Tables)

6 Months Ended

Jun. 29, 2019

Inventories

Summary of inventories

	June 29,		December 31,
(Millions of dollars)	2019		2018
At lower of LIFO cost or market:
Hogs and materials	$	375	$	361
Fresh pork and materials		32		36
LIFO adjustment		(67)		(58)
Total inventories at lower of LIFO cost or market		340		339
At lower of FIFO cost and net realizable value:
Grains, oilseeds and other commodities		277		229
Sugar produced and in process		32		17
Other		63		81
Total inventories at lower of FIFO cost and net realizable value		372		327
Grain, flour and feed at lower of weighted average cost and net realizable value		159		149
Total inventories	$	871	$	815