Inventories (Tables)

9 Months Ended

Sep. 28, 2019

Inventories

Summary of inventories

	September 28,		December 31,
(Millions of dollars)	2019		2018
At lower of LIFO cost or market:
Hogs and materials	$	376	$	361
Fresh pork and materials		35		36
LIFO adjustment		(66)		(58)
Total inventories at lower of LIFO cost or market		345		339
At lower of FIFO cost and net realizable value:
Grains, oilseeds and other commodities		306		229
Sugar produced and in process		25		17
Other		78		81
Total inventories at lower of FIFO cost and net realizable value		409		327
Grain, flour and feed at lower of weighted average cost and net realizable value		162		149
Total inventories	$	916	$	815