Inventories

12 Months Ended

Dec. 31, 2020

Inventories

Inventories

Note 4 - Inventories

The following table is a summary of inventories:

	December 31,
(Millions of dollars)	2020		2019 ADJUSTED
At lower of FIFO cost and NRV:
Hogs and materials	$	437	$	387
Fresh pork and materials		46		50
Grains, oilseeds and other commodities		380		353
Biodiesel		72		43
Sugar produced and in process		24		17
Other		61		62
Total inventories at lower of FIFO cost and NRV		1,020		912
Grain, flour and feed at lower of weighted average cost and NRV		158		174
Total inventories	$	1,178	$	1,086