Inventories (Tables)

12 Months Ended

Dec. 31, 2022

Inventories

Summary of inventories

	December 31,
(Millions of dollars)	2022		2021
At lower of FIFO cost and NRV:
Hogs and materials	$	538	$	489
Pork products and materials		75		64
Grains, oilseeds and other commodities		475		634
Biofuels and related credits		221		147
Other		104		92
Total inventories at lower of FIFO cost and NRV		1,413		1,426
Grain, flour and feed at lower of weighted average cost and NRV		257		237
Total inventories	$	1,670	$	1,663