Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2022

Investments in Affiliates

Schedule of non-consolidated affiliates

	Investments in and				Income (Loss)
	Advances to Affiliates				from Affiliates
	December 31,				Years ended December 31,
(Millions of dollars)	2022		2021		2022		2021		2020
Pork	$	152	$	142	$	24	$	3	$	(9)
CT&M		210		224		21		18		(2)
Marine		36		33		4		6		2
Sugar and Alcohol		2		4		—		—		1
Power		3		3		—		—		—
Turkey		350		245		103		(20)		(10)
Segment/Consolidated Totals	$	753	$	651	$	152	$	7	$	(18)

Schedule of related-party transactions with non-consolidated affiliates

	December 31,
(Millions of dollars)	2022			2021		2020
Product sales to related parties	$	1,463	$	1,396	$	1,125
Service revenue to related parties	$	20	$	20	$	21
Purchases from related parties included in Cost of Sales(a)	$	91	$	—	$	—

Pork

Investments in Affiliates

Schedule of non-consolidated affiliates

Pork Segment		December 31,
(Millions of dollars)		2022		2021		2020
Net sales	$	2,417	$	2,010	$	1,543
Net income (loss)	$	48	$	5	$	(18)
Total assets	$	615	$	584	$	586
Total liabilities	$	312	$	302	$	245
Total equity	$	303	$	282	$	341

Commodity Trading and Milling

Investments in Affiliates

Schedule of non-consolidated affiliates

CT&M Segment	December 31,
(Millions of dollars)	2022			2021		2020
Net sales	$	3,186	$	2,766	$	2,482
Net income (loss)	$	40	$	47	$	(2)
Total assets	$	1,848	$	1,798	$	1,745
Total liabilities	$	1,250	$	1,199	$	1,185
Total equity	$	598	$	599	$	560

Marine

Investments in Affiliates

Schedule of non-consolidated affiliates

Marine Segment		December 31,
(Millions of dollars)		2022		2021		2020
Net sales	$	82	$	74	$	66
Net income	$	21	$	27	$	8
Total assets	$	256	$	245	$	253
Total liabilities	$	61	$	88	$	98
Total equity	$	195	$	157	$	155

Sugar and Alcohol

Investments in Affiliates

Schedule of non-consolidated affiliates

Sugar and Alcohol Segment	December 31,
(Millions of dollars)	2022			2021		2020
Net sales	$	8	$	6	$	7
Net income	$	—	$	—	$	1
Total assets	$	6	$	8	$	14
Total liabilities	$	2	$	1	$	2
Total equity	$	4	$	7	$	12

Power

Investments in Affiliates

Schedule of non-consolidated affiliates

Power Segment	December 31,
(Millions of dollars)	2022			2021		2020
Net sales	$	1	$	1	$	1
Net income	$	—	$	1	$	—
Total assets	$	9	$	12	$	12
Total liabilities	$	3	$	5	$	6
Total equity	$	6	$	7	$	6

Turkey

Investments in Affiliates

Schedule of non-consolidated affiliates

Turkey Segment	December 31,
(Millions of dollars)	2022			2021		2020
Net sales	$	2,050	$	1,792	$	1,675
Operating income (loss)	$	202	$	(34)	$	(6)
Net income (loss)	$	196	$	(38)	$	(20)
Total assets	$	1,081	$	991	$	993
Total liabilities	$	406	$	517	$	481
Total equity	$	675	$	474	$	512