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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Net sales:    
Total net sales $ 2,709 $ 2,059
Cost of sales and operating expenses:    
Total cost of sales and operating expenses 2,473 1,881
Gross income 236 178
Selling, general and administrative expenses 90 86
Operating income 146 92
Other income (expense):    
Interest expense 2 10
Interest income 5 5
Income from affiliates 23 6
Other investment income (loss), net (65) 71
Foreign currency gains, net   9
Miscellaneous, net 8 6
Total other income (loss), net (27) 107
Earnings before income taxes 119 199
Income tax expense (15) (20)
Net earnings 104 179
Less: Net income attributable to noncontrolling interests (1) 0
Net earnings attributable to Seaboard $ 103 $ 179
Earnings per common share (in dollars per share) $ 89.28 $ 154.03
Average number of shares outstanding (in shares) 1,160,779 1,160,779
Other comprehensive income, net of income tax expense of $0 and $1:    
Foreign currency translation adjustment $ (1) $ 15
Unrecognized pension cost   1
Other comprehensive income, net of tax (1) 16
Comprehensive income 103 195
Less: Comprehensive loss (income) attributable to noncontrolling interests (1) 0
Comprehensive income attributable to Seaboard 102 195
Products    
Net sales:    
Total net sales 2,214 1,731
Cost of sales and operating expenses:    
Total cost of sales and operating expenses 2,121 1,606
Services    
Net sales:    
Total net sales 477 313
Cost of sales and operating expenses:    
Total cost of sales and operating expenses 331 261
Other    
Net sales:    
Total net sales 18 15
Cost of sales and operating expenses:    
Total cost of sales and operating expenses $ 21 $ 14