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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales:      
Total net sales $ 11,243 $ 9,229 $ 7,126
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 10,213 8,411 6,552
Gross income 1,030 818 574
Selling, general and administrative expenses 373 360 329
Operating income 657 458 245
Other income (expense):      
Interest expense (40) (13) (19)
Interest income 32 22 22
Income (loss) from affiliates 152 7 (18)
Other investment income (loss), net (239) 133 84
Foreign currency gains (losses), net 5 16 (31)
Miscellaneous, net 12 13 3
Total other income, net (78) 178 41
Earnings before income taxes 579 636 286
Income tax benefit (expense) 3 (65) (3)
Net earnings 582 571 283
Less: Net earnings attributable to noncontrolling interests (2) (1) 0
Net earnings attributable to Seaboard $ 580 $ 570 $ 283
Earnings per common share (in dollars per share) $ 499.66 $ 490.36 $ 244.21
Average number of shares outstanding (in shares) 1,160,779 1,160,779 1,161,526
Other comprehensive income (loss), net of income tax benefit (expense) of $(8), $(8) and $3:      
Foreign currency translation adjustment $ (33) $ 8 $ (7)
Unrecognized pension cost 43 31 (23)
Other comprehensive income (loss), net of tax 10 39 (30)
Comprehensive income 592 610 253
Less: Comprehensive income attributable to noncontrolling interests (2) (1) (1)
Comprehensive income attributable to Seaboard 590 609 252
Products      
Net sales:      
Total net sales 8,979 7,714 5,993
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 8,707 7,223 5,580
Services      
Net sales:      
Total net sales 2,100 1,445 1,058
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 1,369 1,124 915
Other      
Net sales:      
Total net sales 164 70 75
Cost of sales and operating expenses:      
Total cost of sales and operating expenses $ 137 $ 64 $ 57