Employee Benefits

3 Months Ended

Apr. 02, 2022

Employee Benefits

Employee Benefits

Note 5 – Employee Benefits

Seaboard has qualified defined benefit pension plans for its domestic salaried and clerical employees that were hired before January 1, 2014. Seaboard also sponsors non-qualified, unfunded supplemental executive plans.

The net periodic benefit cost for all of these plans were as follows:

	Three Months Ended
	April 2,		April 3,
(Millions of dollars)	2022		2021
Components of net periodic benefit cost:
Service cost	$	2	$	3
Interest cost		2		2
Expected return on plan assets		(3)		(3)
Amortization and other		2		2
Net periodic benefit cost	$	3	$	4