Segment Information (Tables)

6 Months Ended

Jul. 01, 2023

Segment Information

Schedule of sales disaggregated by revenue source and segment

Net Sales:		Three Months Ended July 1, 2023
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	434	$	1,332	$	—	$	40	$	—	$	2	$	1,808
Transportation		3		—		356		—		—		2		361
Energy		149		—		—		—		63		—		212
Other		9		3		—		—		—		—		12
Segment/Consolidated Totals	$	595	$	1,335	$	356	$	40	$	63	$	4	$	2,393

Net Sales:		Three Months Ended July 2, 2022
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	513	$	1,707	$	—	$	24	$	—	$	4	$	2,248
Transportation		3		—		523		—		—		1		527
Energy		140		—		—		—		47		—		187
Other		7		4		—		—		—		—		11
Segment/Consolidated Totals	$	663	$	1,711	$	523	$	24	$	47	$	5	$	2,973

Net Sales:		Six Months Ended July 1, 2023
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	862	$	2,673	$	—	$	78	$	—	$	5	$	3,618
Transportation		6		—		804		—		—		2		812
Energy		323		—		—		—		115		—		438
Other		18		6		—		—		—		—		24
Segment/Consolidated Totals	$	1,209	$	2,679	$	804	$	78	$	115	$	7	$	4,892

Net Sales:		Six Months Ended July 2, 2022
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	1,004	$	3,274	$	—	$	55	$	—	$	8	$	4,341
Transportation		5		—		989		—		—		1		995
Energy		261		—		—		—		65		—		326
Other		13		7		—		—		—		—		20
Segment/Consolidated Totals	$	1,283	$	3,281	$	989	$	55	$	65	$	9	$	5,682

Summary of specific financial information related to operating income (loss)

Operating Income (Loss):	Three Months Ended				Six Months Ended
	July 1,		July 2,		July 1,		July 2,
(Millions of dollars)	2023		2022		2023		2022
Pork	$	(104)	$	1	$	(316)	$	28
CT&M		17		30		60		42
Marine		60		155		156		268
Sugar and Alcohol		3		—		9		2
Power		22		6		32		1
All Other		1		1		1		1
Segment Totals		(1)		193		(58)		342
Corporate		(3)		(1)		(9)		(4)
Consolidated Totals	$	(4)	$	192	$	(67)	$	338

Summary of specific financial information related to income (loss) from affiliates

Income (Loss) from Affiliates:	Three Months Ended				Six Months Ended
	July 1,		July 2,		July 1,		July 2,
(Millions of dollars)	2023		2022		2023		2022
Pork	$	9	$	7	$	19	$	7
CT&M		(2)		4		(10)		9
Marine		2		1		1		3
Sugar and Alcohol		—		—		—		—
Power		—		—		—		—
Turkey		16		11		41		27
Segment/Consolidated Totals	$	25	$	23	$	51	$	46

Summary of specific financial information related to total assets

Total Assets:	July 1,		December 31,
(Millions of dollars)	2023		2022
Pork	$	2,724	$	2,698
CT&M		1,805		1,915
Marine		800		882
Sugar and Alcohol		164		165
Power		345		342
Turkey		351		350
All Other		5		6
Segment Totals		6,194		6,358
Corporate		1,611		1,544
Consolidated Totals	$	7,805	$	7,902

Summary of specific financial information related to investments in and advances to affiliates

Investments in and Advances to Affiliates:	July 1,		December 31,
(Millions of dollars)	2023		2022
Pork	$	153	$	152
CT&M		188		210
Marine		37		36
Sugar and Alcohol		2		2
Power		3		3
Turkey		351		350
Segment/Consolidated Totals	$	734	$	753

Butterball, LLC

Segment Information

Summary of specific financial information related to equity method

	Three Months Ended				Six Months Ended
	July 1,		July 2,		July 1,		July 2,
(Millions of dollars)	2023		2022		2023		2022
Net sales	$	458	$	417	$	866	$	816
Operating income	$	36	$	27	$	86	$	40
Net earnings	$	31	$	21	$	79	$	51