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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Net sales:    
Total net sales $ 2,059 $ 1,683
Cost of sales and operating expenses:    
Total cost of sales and operating expenses 1,881 1,548
Gross income 178 135
Selling, general and administrative expenses 86 72
Operating income 92 63
Other income (expense):    
Interest expense 10 (5)
Interest income 5 7
Income (loss) from affiliates 6 (4)
Other investment income (loss), net 71 (225)
Foreign currency gains (losses), net 9 (11)
Miscellaneous, net 6 1
Total other income (loss), net 107 (237)
Earnings (loss) before income taxes 199 (174)
Income tax benefit (expense) (20) 71
Net earnings (loss) 179 (103)
Less: Net loss (income) attributable to noncontrolling interests 0 0
Net earnings (loss) attributable to Seaboard $ 179 $ (103)
Earnings (loss) per common share $ 154.03 $ (88.73)
Average number of shares outstanding (in shares) 1,160,779 1,163,888
Other comprehensive income, net of income tax expense of $1 and $0:    
Foreign currency translation adjustment $ 15 $ 3
Unrecognized pension cost 1 2
Other comprehensive income, net of tax 16 5
Comprehensive income (loss) 195 (98)
Less: Comprehensive loss (income) attributable to noncontrolling interests 0 0
Comprehensive income (loss) attributable to Seaboard 195 (98)
Products    
Net sales:    
Total net sales 1,731 1,382
Cost of sales and operating expenses:    
Total cost of sales and operating expenses 1,606 1,278
Services    
Net sales:    
Total net sales 313 283
Cost of sales and operating expenses:    
Total cost of sales and operating expenses 261 256
Other    
Net sales:    
Total net sales 15 18
Cost of sales and operating expenses:    
Total cost of sales and operating expenses $ 14 $ 14