XML 52 R36.htm IDEA: XBRL DOCUMENT v3.22.4
Summary of Significant Accounting Policies (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operations of Seaboard Corporation and its Subsidiaries        
Percentage of ownership interest held by Seaboard Flour LLC and SFC Preferred LLC 77.00%      
Goodwill        
Goodwill impairment charges $ 0 $ 4    
Goodwill, beginning balance 163 167    
Foreign currency translation (13)      
Acquisition 4      
Impairment 0 (4)    
Goodwill, ending balance 154 163 $ 167  
Intangible assets        
Gross carrying amount 79 79    
Accumulated amortization and currency translation (48) (34)    
Net carrying amount 31 45    
Intangible assets        
Amortization of intangible assets 8 9 8  
2023 8      
2024 8      
2025 8      
2026 7      
Changes in the asset retirement obligation        
Beginning balance 29 27    
Accretion expense 2 1    
Liability for additional lagoons placed in service 1 1    
Ending balance 32 29 27  
Supplemental Non-Cash Transactions        
Interest, net of interest capitalized 35 10 16  
Income taxes, net of refunds 101 104 55  
Capital expenditures included in accounts payable 15 5 7  
Accounts Receivable        
Trade 588 553    
Due from affiliates 195 128    
Other 171 112    
Total receivables 954 793    
Allowance for credit losses (31) (31)    
Net receivables 923 762    
Notes Receivable        
Notes receivable, net $ 40 30    
Foreign Currency Transactions and Translation        
Period of measurement to determine highly inflationary accounting 3 years      
Three-year cumulative inflation rate 100.00%      
Minimum        
Principles of Consolidation and Investments in Affiliates        
Time lag for reporting financial information 1 month      
Property, Plant and Equipment        
Useful Lives 3 years      
Maximum        
Principles of Consolidation and Investments in Affiliates        
Time lag for reporting financial information 3 months      
Property, Plant and Equipment        
Useful Lives 30 years      
Pork        
Goodwill        
Goodwill, beginning balance $ 18 18    
Acquisition 4      
Goodwill, ending balance 22 18 18  
Commodity Trading and Milling        
Goodwill        
Goodwill impairment charges   4    
Goodwill, beginning balance 145 149    
Foreign currency translation (13)      
Impairment   (4)    
Goodwill, ending balance 132 145 149  
Customer relationships        
Intangible assets        
Gross carrying amount 51 51    
Accumulated amortization and currency translation (31) (22)    
Net carrying amount 20 29    
Trade names        
Intangible assets        
Gross carrying amount 28 28    
Accumulated amortization and currency translation (17) (12)    
Net carrying amount 11 16    
Allowance for Credit Losses        
Movement in valuation and qualifying accounts        
Balance at beginning of year 31 28 28  
Transition Adjustment       $ 3
Provision 7 5    
Net deductions (7) (2) (3)  
Balance at end of year 31 31 28 28
Allowance for Long-Term Notes Receivable        
Movement in valuation and qualifying accounts        
Balance at beginning of year 18 17 17  
Provision   1    
Net deductions (1)      
Balance at end of year 17 18 $ 17 $ 17
Accounts Receivable | Geographic concentration | Foreign Country        
Accounts Receivable        
Foreign receivables, excluding receivables due from affiliates $ 659 $ 578    
Net sales | Transferred at point in time        
Revenue Recognition        
Percentage of revenue 85.00%