XML 42 R45.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Inventories (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
At lower of LIFO cost or market:      
Hogs and materials $ 387 $ 361  
Fresh pork and materials 46 36  
LIFO adjustment (64) (58)  
Total inventories at lower of LIFO cost or market 369 339  
At lower of FIFO cost and net realizable value:      
Grains, oilseeds and other commodities 353 229  
Sugar produced and in process 17 17  
Other 109 81  
Total inventories at lower of FIFO cost and net realizable value 479 327  
Grain, flour and feed at lower of weighted average cost and net realizable value 174 149  
Total inventories 1,022 815  
LIFO method increase (decrease) in earnings $ (5) $ (20) $ (6)
LIFO method increase (decrease) in earnings per share (in dollars per share) $ (4.10) $ (16.87) $ (5.40)
Amount that inventories would have been higher by if the FIFO method had been used $ 64 $ 58  
Reserve for LIFO Valuation      
Reserve for LIFO Valuation      
Balance at beginning of year 58 31 $ 21
Increase (decrease) 6 27 10
Balance at end of year $ 64 $ 58 $ 31