XML 39 R27.htm IDEA: XBRL DOCUMENT v3.23.1
Lines of Credit, Long-Term Debt, Commitments and Contingencies (Details)
$ in Millions
6 Months Ended
Nov. 11, 2022
employee
Sep. 23, 2022
claim
Sep. 30, 2021
USD ($)
Jul. 21, 2021
item
Jun. 28, 2018
plaintiff
May 15, 2018
USD ($)
Apr. 27, 2018
USD ($)
employee
Mar. 20, 2018
USD ($)
subsidiary
Dec. 31, 2018
plaintiff
Apr. 01, 2023
USD ($)
Mar. 28, 2023
USD ($)
Dec. 31, 2022
USD ($)
Sep. 22, 2022
claim
Lines of Credit, Long-Term Debt, Commitments and Contingencies                          
Other long-term debt                   $ 38   $ 38  
Total debt at face value                   708   710  
Current maturities of long-term debt and unamortized discount                   (9)   (8)  
Long-term debt, less current maturities                   699   702  
Contingencies                          
Total liabilities                   2,786   2,888  
Assets                   $ 7,795   $ 7,902  
Pork Product Purchasers | Pending Litigation                          
Contingencies                          
Number of plaintiffs | plaintiff         12       3        
Pork Compensation Antitrust | Pending Litigation                          
Contingencies                          
Number of plaintiffs | employee 3                        
Odette Blanco De Fernandez | Pending Litigation                          
Contingencies                          
Number of siblings added as plaintiffs | item       4                  
Term of concession to develop port facilities       70 years                  
Claimed ownership percentage of companies that owned concession and land       20.00%                  
HSBC | Pending Litigation                          
Contingencies                          
Number of claims | claim   1                     7
Number of claims that were dismissed by a court | claim   6                      
Number of claims dismissed that can be refiled | claim   3                      
Number of claims dismissed that cannot be refiled unless successfully appealed | claim   3                      
Damages sought     $ 10                    
Interest and other relief sought     $ 3                    
Cereoil | Cereoil Bankruptcy Trustee - Case One | Pending Litigation                          
Contingencies                          
Damages sought               $ 22          
Number of subsidiaries | subsidiary               2          
Cereoil | Cereoil Bankruptcy Trustee - Case Two | Pending Litigation                          
Contingencies                          
Damages sought             $ 23            
Number of individuals employed by Seaboard serving as directors | employee             2            
Total liabilities             $ 53            
Assets             $ 30            
Nolston | Nolston Bankruptcy Trustee | Pending Litigation                          
Contingencies                          
Damages sought           $ 8              
Total liabilities           29              
Assets           $ 15              
Cereoil                          
Contingencies                          
Percentage of ownership                   45.00%      
Nolston                          
Contingencies                          
Percentage of ownership                   45.00%      
Committed and uncommitted bank lines                          
Lines of Credit, Long-Term Debt, Commitments and Contingencies                          
Weighted average interest rate (as a percent)                   7.24%   7.03%  
Committed and uncommitted bank lines | Denominated in foreign currencies                          
Lines of Credit, Long-Term Debt, Commitments and Contingencies                          
Lines of credit outstanding                   $ 158   $ 194  
Committed and uncommitted bank lines | South African Rand                          
Lines of Credit, Long-Term Debt, Commitments and Contingencies                          
Lines of credit outstanding                   139   174  
Committed bank lines                          
Lines of Credit, Long-Term Debt, Commitments and Contingencies                          
Lines of credit outstanding                   190   131  
Maximum capacity                     $ 450    
Uncommitted bank lines                          
Lines of Credit, Long-Term Debt, Commitments and Contingencies                          
Lines of credit outstanding                   269   326  
Term loan due 2028                          
Lines of Credit, Long-Term Debt, Commitments and Contingencies                          
Debt at face value                   $ 668   $ 670  
Effective interest rate (as a percent)                   6.47%   6.01%  
Foreign subsidiary obligations                          
Lines of Credit, Long-Term Debt, Commitments and Contingencies                          
Debt at face value                   $ 2   $ 2