Segment Information (Tables)

6 Months Ended

Jul. 02, 2022

Segment Information

Schedule of sales disaggregated by revenue source and segment

Net Sales:		Three Months Ended July 2, 2022
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	513	$	1,707	$	—	$	24	$	—	$	4	$	2,248
Transportation		3		—		523		—		—		1		527
Energy		140		—		—		—		47		—		187
Other		7		4		—		—		—		—		11
Segment/Consolidated Totals	$	663	$	1,711	$	523	$	24	$	47	$	5	$	2,973

Net Sales:		Three Months Ended July 3, 2021
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	596	$	1,374	$	—	$	26	$	—	$	4	$	2,000
Transportation		2		—		319		—		—		—		321
Energy		89		—		—		—		11		—		100
Other		6		3		—		—		—		—		9
Segment/Consolidated Totals	$	693	$	1,377	$	319	$	26	$	11	$	4	$	2,430

Net Sales:		Six Months Ended July 2, 2022
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	1,004	$	3,274	$	—	$	55	$	—	$	8	$	4,341
Transportation		5		—		989		—		—		1		995
Energy		261		—		—		—		65		—		326
Other		13		7		—		—		—		—		20
Segment/Consolidated Totals	$	1,283	$	3,281	$	989	$	55	$	65	$	9	$	5,682

Net Sales:		Six Months Ended July 3, 2021
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	1,091	$	2,520	$	—	$	50	$	—	$	7	$	3,668
Transportation		3		—		619		—		—		1		623
Energy		152		—		—		2		24		—		178
Other		12		8		—		—		—		—		20
Segment/Consolidated Totals	$	1,258	$	2,528	$	619	$	52	$	24	$	8	$	4,489

Summary of specific financial information related to operating income (loss)

Operating Income (Loss):	Three Months Ended				Six Months Ended
	July 2,		July 3,		July 2,		July 3,
(Millions of dollars)	2022		2021		2022		2021
Pork	$	1	$	129	$	28	$	190
CT&M		30		16		42		32
Marine		155		32		268		53
Sugar and Alcohol		—		(1)		2		—
Power		6		(5)		1		(7)
All Other		1		—		1		1
Segment Totals		193		171		342		269
Corporate		(1)		(6)		(4)		(12)
Consolidated Totals	$	192	$	165	$	338	$	257

Summary of specific financial information related to income (loss) from affiliates

Income (Loss) from Affiliates:	Three Months Ended				Six Months Ended
	July 2,		July 3,		July 2,		July 3,
(Millions of dollars)	2022		2021		2022		2021
Pork	$	7	$	(6)	$	7	$	(2)
CT&M		4		4		9		10
Marine		1		1		3		2
Sugar and Alcohol		—		—		—		—
Power		—		—		—		—
Turkey		11		(4)		27		(9)
Segment/Consolidated Totals	$	23	$	(5)	$	46	$	1

Summary of specific financial information related to total assets

Total Assets:	July 2,		December 31,
(Millions of dollars)	2022		2021
Pork	$	2,524	$	2,265
CT&M		2,238		2,054
Marine		881		749
Sugar and Alcohol		150		155
Power		368		359
Turkey		275		245
All Other		8		7
Segment Totals		6,444		5,834
Corporate		1,366		1,669
Consolidated Totals	$	7,810	$	7,503

Summary of specific financial information related to investments in and advances to affiliates

Investments in and Advances to Affiliates:	July 2,		December 31,
(Millions of dollars)	2022		2021
Pork	$	153	$	142
CT&M		208		224
Marine		34		33
Sugar and Alcohol		4		4
Power		3		3
Turkey		275		245
Segment/Consolidated Totals	$	677	$	651

Butterball, LLC

Segment Information

Summary of specific financial information related to equity method

	Three Months Ended				Six Months Ended
	July 2,		July 3,		July 2,		July 3,
(Millions of dollars)	2022		2021		2022		2021
Net sales	$	417	$	371	$	816	$	712
Operating income (loss)	$	27	$	(4)	$	40	$	(20)
Net earnings (loss)	$	21	$	(7)	$	51	$	(18)