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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Net sales:        
Total net sales $ 2,895 $ 2,276 $ 8,577 $ 6,765
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 2,648 2,076 7,813 6,134
Gross income 247 200 764 631
Selling, general and administrative expenses 92 88 271 262
Operating income 155 112 493 369
Other income (expense):        
Interest expense (13) (11) (23) (7)
Interest income 9 5 21 16
Income (loss) from affiliates 48 (1) 94  
Other investment income (loss), net (64) (9) (291) 108
Foreign currency gains, net 9 5 21 7
Miscellaneous, net 1 3 11 10
Total other income (expense), net (10) (8) (167) 134
Earnings before income taxes 145 104 326 503
Income tax benefit (expense) 1 (10) 32 (54)
Net earnings 146 94 358 449
Less: Net earnings attributable to noncontrolling interests 0 0 (1) 0
Net earnings attributable to Seaboard $ 146 $ 94 $ 357 $ 449
Earnings per common share (in dollars per share) $ 125.78 $ 81.50 $ 307.55 $ 387.09
Average number of shares outstanding (in shares) 1,160,779 1,160,779 1,160,779 1,160,779
Other comprehensive income (loss), net of income tax expense of $1, $1, $1 and $2:        
Foreign currency translation adjustment $ (15) $ 8 $ (18) $ 8
Unrecognized pension cost 3 1 4 6
Other comprehensive income (loss), net of tax (12) 9 (14) 14
Comprehensive income 134 103 344 463
Less: Comprehensive income attributable to noncontrolling interests 0 0 (1) 0
Comprehensive income attributable to Seaboard 134 103 343 463
Products        
Net sales:        
Total net sales 2,299 1,908 6,901 5,728
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 2,254 1,782 6,677 5,282
Services        
Net sales:        
Total net sales 541 355 1,556 998
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 351 282 1,032 812
Other        
Net sales:        
Total net sales 55 13 120 39
Cost of sales and operating expenses:        
Total cost of sales and operating expenses $ 43 $ 12 $ 104 $ 40