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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Net sales:        
Total net sales $ 2,430 $ 1,808 $ 4,489 $ 3,491
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 2,177 1,719 4,058 3,267
Gross income 253 89 431 224
Selling, general and administrative expenses 88 80 174 152
Operating income 165 9 257 72
Other income (expense):        
Interest expense (6) (6)   (11)
Interest expense     4  
Interest income 6 4 11 11
Income (loss) from affiliates (5) (17) 1 (21)
Other investment income (loss), net 46 128 117 (97)
Foreign currency gains (losses), net (7) (5) 2 (16)
Miscellaneous, net 1 1 7 2
Total other income (expense), net 35 105 142 (132)
Earnings (loss) before income taxes 200 114 399 (60)
Income tax expense (24) (141) (44) (70)
Net earnings (loss) 176 (27) 355 (130)
Less: Net loss attributable to noncontrolling interests 0 0 0 0
Net earnings (loss) attributable to Seaboard $ 176 $ (27) $ 355 $ (130)
Earnings (loss) per common share $ 151.56 $ (23.51) $ 305.59 $ (112.33)
Average number of shares outstanding (in shares) 1,160,779 1,160,779 1,160,779 1,162,307
Other comprehensive income (loss), net of income tax expense of $1, $1, $1 and $1:        
Foreign currency translation adjustment $ (15) $ (19)   $ (16)
Unrecognized pension cost 4   $ 5 2
Other comprehensive income (loss), net of tax (11) (19) 5 (14)
Comprehensive income (loss) 165 (46) 360 (144)
Less: Comprehensive loss attributable to noncontrolling interests 0 0 0 0
Comprehensive income (loss) attributable to Seaboard 165 (46) 360 (144)
Products        
Net sales:        
Total net sales 2,089 1,589 3,820 2,971
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,894 1,520 3,500 2,798
Services        
Net sales:        
Total net sales 330 206 643 489
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 269 185 530 441
Other        
Net sales:        
Total net sales 11 13 26 31
Cost of sales and operating expenses:        
Total cost of sales and operating expenses $ 14 $ 14 $ 28 $ 28