Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2021

Equity method investments

Schedule of combined condensed financial information of non-controlled, non-consolidated affiliates

	Investments in and				Income (Loss)
	Advances to Affiliates				from Affiliates
	December 31,				Years ended December 31,
(Millions of dollars)	2021		2020		2021		2020		2019
Pork	$	142	$	172	$	3	$	(9)	$	(22)
CT&M		224		222		18		(2)		(5)
Marine		33		30		6		2		3
Sugar and Alcohol		4		6		—		1		1
Power		3		3		—		—		3
Turkey		245		265		(20)		(10)		(21)
Segment/Consolidated Totals	$	651	$	698	$	7	$	(18)	$	(41)

Pork

Equity method investments

Schedule of combined condensed financial information of non-controlled, non-consolidated affiliates

Pork Segment		December 31,
(Millions of dollars)		2021		2020		2019
Net sales	$	2,010	$	1,543	$	1,453
Net income (loss)	$	5	$	(18)	$	(43)
Total assets	$	584	$	586	$	639
Total liabilities	$	302	$	245	$	277
Total equity	$	282	$	341	$	362

Commodity Trading and Milling

Equity method investments

Schedule of combined condensed financial information of non-controlled, non-consolidated affiliates

CT&M Segment	December 31,
(Millions of dollars)	2021			2020		2019
Net sales	$	2,766	$	2,482	$	3,129
Net income (loss)	$	47	$	(2)	$	(12)
Total assets	$	1,798	$	1,745	$	1,697
Total liabilities	$	1,199	$	1,185	$	1,075
Total equity	$	599	$	560	$	622

Marine

Equity method investments

Schedule of combined condensed financial information of non-controlled, non-consolidated affiliates

Marine Segment		December 31,
(Millions of dollars)		2021		2020		2019
Net sales	$	74	$	66	$	70
Net income	$	27	$	8	$	12
Total assets	$	245	$	253	$	269
Total liabilities	$	88	$	98	$	107
Total equity	$	157	$	155	$	162

Sugar and Alcohol

Equity method investments

Schedule of combined condensed financial information of non-controlled, non-consolidated affiliates

Sugar and Alcohol Segment	December 31,
(Millions of dollars)	2021			2020		2019
Net sales	$	6	$	7	$	10
Net income	$	—	$	1	$	3
Total assets	$	8	$	14	$	13
Total liabilities	$	1	$	2	$	2
Total equity	$	7	$	12	$	11

Power

Equity method investments

Schedule of combined condensed financial information of non-controlled, non-consolidated affiliates

Power Segment	December 31,
(Millions of dollars)	2021			2020		2019
Net sales	$	1	$	1	$	143
Net income	$	1	$	—	$	10
Total assets	$	12	$	12	$	11
Total liabilities	$	5	$	6	$	4
Total equity	$	7	$	6	$	7

Turkey

Equity method investments

Schedule of combined condensed financial information of non-controlled, non-consolidated affiliates

Turkey Segment	December 31,
(Millions of dollars)	2021			2020		2019
Net sales	$	1,792	$	1,675	$	1,612
Operating loss	$	(34)	$	(6)	$	(20)
Net loss	$	(38)	$	(20)	$	(40)
Total assets	$	991	$	993	$	1,038
Total liabilities	$	517	$	481	$	507
Total equity	$	474	$	512	$	531