Segment Information (Tables)

9 Months Ended

Oct. 01, 2022

Segment Information

Schedule of sales disaggregated by revenue source and segment

Net Sales:		Three Months Ended October 1, 2022
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	500	$	1,598	$	—	$	30	$	—	$	4	$	2,132
Transportation		3		—		525		—		—		—		528
Energy		167		—		—		3		52		—		222
Other		8		5		—		—		—		—		13
Segment/Consolidated Totals	$	678	$	1,603	$	525	$	33	$	52	$	4	$	2,895

Net Sales:		Three Months Ended October 2, 2021
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	527	$	1,264	$	—	$	29	$	—	$	4	$	1,824
Transportation		3		—		343		—		—		—		346
Energy		84		—		—		3		10		—		97
Other		6		3		—		—		—		—		9
Segment/Consolidated Totals	$	620	$	1,267	$	343	$	32	$	10	$	4	$	2,276

Net Sales:		Nine Months Ended October 1, 2022
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	1,504	$	4,872	$	—	$	85	$	—	$	12	$	6,473
Transportation		8		—		1,514		—		—		1		1,523
Energy		428		—		—		3		117		—		548
Other		21		12		—		—		—		—		33
Segment/Consolidated Totals	$	1,961	$	4,884	$	1,514	$	88	$	117	$	13	$	8,577

Net Sales:		Nine Months Ended October 2, 2021
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	1,618	$	3,784	$	—	$	79	$	—	$	11	$	5,492
Transportation		6		—		962		—		—		1		969
Energy		236		—		—		5		34		—		275
Other		18		11		—		—		—		—		29
Segment/Consolidated Totals	$	1,878	$	3,795	$	962	$	84	$	34	$	12	$	6,765

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

Operating Income (Loss):	Three Months Ended				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
(Millions of dollars)	2022		2021		2022		2021
Pork	$	(51)	$	52	$	(23)	$	242
CT&M		49		25		91		57
Marine		155		42		423		95
Sugar and Alcohol		1		—		3		—
Power		7		(3)		8		(10)
All Other		—		—		1		1
Segment Totals		161		116		503		385
Corporate		(6)		(4)		(10)		(16)
Consolidated Totals	$	155	$	112	$	493	$	369

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

Income (Loss) from Affiliates:	Three Months Ended				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
(Millions of dollars)	2022		2021		2022		2021
Pork	$	5	$	—	$	12	$	(2)
CT&M		10		7		19		17
Marine		—		2		3		4
Sugar and Alcohol		—		—		—		—
Power		—		—		—		—
Turkey		33		(10)		60		(19)
Segment/Consolidated Totals	$	48	$	(1)	$	94	$	—

Summary of specific financial information related to total assets

Total Assets:	October 1,		December 31,
(Millions of dollars)	2022		2021
Pork	$	2,582	$	2,265
CT&M		2,164		2,054
Marine		854		749
Sugar and Alcohol		158		155
Power		349		359
Turkey		307		245
All Other		7		7
Segment Totals		6,421		5,834
Corporate		1,323		1,669
Consolidated Totals	$	7,744	$	7,503

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

Investments in and Advances to Affiliates:	October 1,		December 31,
(Millions of dollars)	2022		2021
Pork	$	155	$	142
CT&M		215		224
Marine		35		33
Sugar and Alcohol		2		4
Power		3		3
Turkey		307		245
Segment/Consolidated Totals	$	717	$	651

Butterball, LLC

Segment Information

Summary of specific financial information related to equity method

	Three Months Ended				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
(Millions of dollars)	2022		2021		2022		2021
Net sales	$	552	$	464	$	1,368	$	1,176
Operating income (loss)	$	65	$	(15)	$	105	$	(35)
Net earnings (loss)	$	63	$	(18)	$	114	$	(36)