Inventories (Tables)

12 Months Ended

Dec. 31, 2021

Inventories

Summary of inventories

	December 31,
(Millions of dollars)	2021		2020
At lower of FIFO cost and NRV:
Hogs and materials	$	489	$	437
Pork products and materials		64		46
Grains, oilseeds and other commodities		634		380
Biofuels and related credits		147		72
Sugar produced and in process		21		24
Other		71		61
Total inventories at lower of FIFO cost and NRV		1,426		1,020
Grain, flour and feed at lower of weighted average cost and NRV		237		158
Total inventories	$	1,663	$	1,178