Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Information

Schedule of sales disaggregated by revenue source and segment

Net Sales:		Three Months Ended September 30, 2023
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	467	$	1,249	$	—	$	35	$	—	$	3	$	1,754
Transportation		3		—		333		—		—		—		336
Energy		212		—		—		2		71		—		285
Other		9		4		—		—		—		—		13
Segment/Consolidated Totals	$	691	$	1,253	$	333	$	37	$	71	$	3	$	2,388

Net Sales:		Three Months Ended October 1, 2022
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	500	$	1,598	$	—	$	30	$	—	$	4	$	2,132
Transportation		3		—		525		—		—		—		528
Energy		167		—		—		3		52		—		222
Other		8		5		—		—		—		—		13
Segment/Consolidated Totals	$	678	$	1,603	$	525	$	33	$	52	$	4	$	2,895

Net Sales:		Nine Months Ended September 30, 2023
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	1,329	$	3,922	$	—	$	113	$	—	$	8	$	5,372
Transportation		9		—		1,137		—		—		2		1,148
Energy		535		—		—		2		186		—		723
Other		27		10		—		—		—		—		37
Segment/Consolidated Totals	$	1,900	$	3,932	$	1,137	$	115	$	186	$	10	$	7,280

Net Sales:		Nine Months Ended October 1, 2022
								Sugar
								and				All		Consolidated
(Millions of dollars)		Pork		CT&M		Marine		Alcohol		Power		Other		Totals
Major Products/Services Lines:
Products	$	1,504	$	4,872	$	—	$	85	$	—	$	12	$	6,473
Transportation		8		—		1,514		—		—		1		1,523
Energy		428		—		—		3		117		—		548
Other		21		12		—		—		—		—		33
Segment/Consolidated Totals	$	1,961	$	4,884	$	1,514	$	88	$	117	$	13	$	8,577

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

Operating Income (Loss):	Three Months Ended				Nine Months Ended
	September 30,		October 1,		September 30,		October 1,
(Millions of dollars)	2023		2022		2023		2022
Pork	$	(34)	$	(51)	$	(350)	$	(23)
CT&M		33		49		93		91
Marine		40		155		196		423
Sugar and Alcohol		7		1		16		3
Power		27		7		59		8
All Other		—		—		1		1
Segment Totals		73		161		15		503
Corporate		(6)		(6)		(15)		(10)
Consolidated Totals	$	67	$	155	$	—	$	493

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

Income (Loss) from Affiliates:	Three Months Ended				Nine Months Ended
	September 30,		October 1,		September 30,		October 1,
(Millions of dollars)	2023		2022		2023		2022
Pork	$	8	$	5	$	27		$	12
CT&M		(6)		10		(16)			19
Marine		1		—		2			3
Sugar and Alcohol		—		—		—			—
Power		—		—		—			—
Turkey		20		33		61			60
Segment/Consolidated Totals	$	23	$	48	$	74		$	94

Summary of specific financial information related to total assets

Total Assets:	September 30,		December 31,
(Millions of dollars)	2023		2022
Pork	$	2,745	$	2,698
CT&M		1,600		1,915
Marine		778		882
Sugar and Alcohol		170		165
Power		358		342
Turkey		358		350
All Other		4		6
Segment Totals		6,013		6,358
Corporate		1,583		1,544
Consolidated Totals	$	7,596	$	7,902

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

Investments in and Advances to Affiliates:	September 30,		December 31,
(Millions of dollars)	2023		2022
Pork	$	161	$	152
CT&M		181		210
Marine		37		36
Sugar and Alcohol		2		2
Power		3		3
Turkey		358		350
Segment/Consolidated Totals	$	742	$	753

Butterball, LLC

Segment Information

Summary of specific financial information related to equity method

	Three Months Ended				Nine Months Ended
	September 30,		October 1,		September 30,		October 1,
(Millions of dollars)	2023		2022		2023		2022
Net sales	$	534	$	552	$	1,400	$	1,368
Operating income	$	43	$	65	$	129	$	105
Net earnings	$	38	$	63	$	117	$	114