Inventories

9 Months Ended

Oct. 02, 2021

Inventories

Inventories

Note 3 – Inventories

The following is a summary of inventories:

	October 2,		December 31,
(Millions of dollars)	2021		2020
At lower of FIFO cost and net realizable value (NRV):
Hogs and materials	$	481	$	437
Pork products and materials		45		46
Grains, oilseeds and other commodities		569		380
Biodiesel		144		72
Sugar produced and in process		29		24
Other		57		61
Total inventories at lower of FIFO cost and NRV		1,325		1,020
Grain, flour and feed at lower of weighted average cost and NRV		217		158
Total inventories	$	1,542	$	1,178