Inventories (Tables)

3 Months Ended

Apr. 02, 2022

Inventories

Summary of inventories

	April 2,		December 31,
(Millions of dollars)	2022		2021
At lower of FIFO cost and NRV:
Hogs and materials	$	514	$	489
Pork products and materials		77		64
Grains, oilseeds and other commodities		604		634
Biofuels and related credits		171		147
Sugar produced and in process		29		21
Other		58		71
Total inventories at lower of FIFO cost and NRV		1,453		1,426
Grain, flour and feed at lower of weighted average cost and NRV		245		237
Total inventories	$	1,698	$	1,663