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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Oct. 02, 2021
Sep. 26, 2020
Net sales:        
Total net sales $ 2,276 $ 1,645 $ 6,765 $ 5,136
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 2,076 1,517 6,134 4,784
Gross income 200 128 631 352
Selling, general and administrative expenses 88 89 262 241
Operating income 112 39 369 111
Other income (expense):        
Interest expense (11) (6)   (17)
Interest expense     (7)  
Interest income 5 6 16 17
Loss from affiliates (1) (6)   (27)
Other investment income (loss), net (9) 56 108 (41)
Foreign currency gains (losses), net 5 (5) 7 (21)
Miscellaneous, net 3 1 10 3
Total other income (expense), net (8) 46 134 (86)
Earnings before income taxes 104 85 503 25
Income tax benefit (expense) (10) 69 (54) (1)
Net earnings 94 154 449 24
Less: Net loss (earnings) attributable to noncontrolling interests 0 0 0 0
Net earnings attributable to Seaboard $ 94 $ 154 $ 449 $ 24
Earnings per common share (in dollars per share) $ 81.50 $ 132.58 $ 387.09 $ 20.08
Average number of shares outstanding (in shares) 1,160,779 1,160,779 1,160,779 1,161,792
Other comprehensive income (loss), net of income tax expense of $1, $2, $2 and $3:        
Foreign currency translation adjustment $ 8 $ 5 $ 8 $ (11)
Unrecognized pension cost 1 5 6 7
Other comprehensive income (loss), net of tax 9 10 14 (4)
Comprehensive income 103 164 463 20
Less: Comprehensive loss (income) attributable to noncontrolling interests 0 0 0 0
Comprehensive income attributable to Seaboard 103 164 463 20
Products        
Net sales:        
Total net sales 1,908 1,362 5,728 4,333
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,782 1,284 5,282 4,082
Services        
Net sales:        
Total net sales 355 257 998 746
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 282 215 812 656
Other        
Net sales:        
Total net sales 13 26 39 57
Cost of sales and operating expenses:        
Total cost of sales and operating expenses $ 12 $ 18 $ 40 $ 46