Inventories (Tables)

6 Months Ended

Jul. 03, 2021

Inventories

Summary of inventories

	July 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		46		46
Grains, oilseeds and other commodities		576		380
Biodiesel		122		72
Sugar produced and in process		37		24
Other		43		61
Total inventories at lower of FIFO cost and NRV		1,291		1,020
Grain, flour and feed at lower of weighted average cost and NRV		206		158
Total inventories	$	1,497	$	1,178