Inventories

3 Months Ended

Apr. 03, 2021

Inventories

Inventories

Note 3 – Inventories

The following is a summary of inventories:

	April 3,		December 31,
(Millions of dollars)	2021		2020
At lower of FIFO cost and net realizable value (NRV):
Hogs and materials	$	467	$	437
Pork products and materials		56		46
Grains, oilseeds and other commodities		472		380
Biodiesel		101		72
Sugar produced and in process		26		24
Other		50		61
Total inventories at lower of FIFO cost and NRV		1,172		1,020
Grain, flour and feed at lower of weighted average cost and NRV		188		158
Total inventories	$	1,360	$	1,178