Inventories (Tables)

6 Months Ended

Jul. 02, 2022

Inventories

Summary of inventories

	July 2,		December 31,
(Millions of dollars)	2022		2021
At lower of FIFO cost and NRV:
Hogs and materials	$	528	$	489
Pork products and materials		83		64
Grains, oilseeds and other commodities		698		634
Biofuels and related credits		178		147
Sugar produced and in process		40		21
Other		54		71
Total inventories at lower of FIFO cost and NRV		1,581		1,426
Grain, flour and feed at lower of weighted average cost and NRV		263		237
Total inventories	$	1,844	$	1,663