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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales:      
Total net sales $ 7,126 $ 6,840 $ 6,583
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 6,552 6,394 6,033
Gross income 574 446 550
Selling, general and administrative expenses 329 336 314
Operating income 245 110 236
Other income (expense):      
Interest expense (19) (36) (44)
Interest income 22 30 14
Income (Loss) from affiliates (18) (41) (44)
Other investment income (loss), net 84 225 (152)
Foreign currency gains (losses), net (31)   4
Miscellaneous, net 3 2 (3)
Total other income (loss), net 41 180 (225)
Earnings before income taxes 286 290 11
Income tax expense (3) (3) (8)
Net earnings 283 287 3
Less: Net loss attributable to noncontrolling interests 0 0 0
Net earnings attributable to Seaboard $ 283 $ 287 $ 3
Earnings per common share $ 244.21 $ 246.62 $ 2.26
Average number of shares outstanding (in shares) 1,161,526 1,165,758 1,170,501
Other comprehensive income (loss), net of income tax benefit (expense) of $3, $4 and $(2):      
Foreign currency translation adjustment $ (7) $ (20) $ (53)
Unrecognized pension cost (23) (10) 3
Other comprehensive loss, net of tax (30) (30) (50)
Comprehensive income (loss) 253 257 (47)
Less: Comprehensive loss (income) attributable to noncontrolling interests (1)   1
Comprehensive income (loss) attributable to Seaboard 252 257 (46)
Products      
Net sales:      
Total net sales 5,993 5,610 5,334
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 5,580 5,316 4,963
Services      
Net sales:      
Total net sales 1,058 1,104 1,116
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 915 989 971
Other      
Net sales:      
Total net sales 75 126 133
Cost of sales and operating expenses:      
Total cost of sales and operating expenses $ 57 $ 89 $ 99