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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Net sales:        
Net sales $ 1,663 $ 1,651 $ 5,028 $ 4,921
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,589 1,529 4,768 4,511
Gross income 74 122 260 410
Selling, general and administrative expenses 80 85 247 244
Operating income (loss) (6) 37 13 166
Other income (expense):        
Interest expense (9) (12) (27) (31)
Interest income 10 3 25 9
Loss from affiliates (15) (18) (49) (40)
Other investment income, net 2 40 152 15
Foreign currency gains, net 1 9 3 7
Miscellaneous, net (1) 1 (1) (1)
Total other income (expense), net (12) 23 103 (41)
Earnings (loss) before income taxes (18) 60 116 125
Income tax benefit (expense) 11 (26) (8) (52)
Net earnings (loss) (7) 34 108 73
Less: Net loss attributable to noncontrolling interests 0 1 0 1
Net earnings (loss) attributable to Seaboard $ (7) $ 35 $ 108 $ 74
Earnings (loss) per common share $ (6.00) $ 29.93 $ 92.97 $ 62.96
Average number of shares outstanding (in shares) 1,165,081 1,170,550 1,166,073 1,170,550
Other comprehensive income (loss), net of income tax benefit of $0, $(1), $0 and $0:        
Foreign currency translation adjustment $ 2 $ (25) $ (9) $ (52)
Unrecognized pension cost 1 1 7 (1)
Other comprehensive income (loss), net of tax 3 (24) (2) (53)
Comprehensive income (loss) (4) 10 106 20
Less: Comprehensive loss attributable to noncontrolling interests 0 1 0 1
Comprehensive income (loss) attributable to Seaboard (4) 11 106 21
Products        
Net sales:        
Net sales 1,359 1,338 4,117 4,011
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,329 1,267 3,981 3,721
Services        
Net sales:        
Net sales 270 273 814 815
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 239 235 717 717
Other        
Net sales:        
Net sales 34 40 97 95
Cost of sales and operating expenses:        
Total cost of sales and operating expenses $ 21 $ 27 $ 70 $ 73