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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales:      
Total net sales $ 9,562 $ 11,243 $ 9,229
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 9,246 10,213 8,411
Gross income 316 1,030 818
Selling, general and administrative expenses 403 373 360
Operating income (loss) (87) 657 458
Other income (expense):      
Interest expense (58) (40) (13)
Interest income 62 32 22
Income from affiliates 105 152 7
Other investment income (loss), net 85 (239) 133
Foreign currency gains (losses), net (4) 5 16
Miscellaneous, net 4 12 13
Total other income (expense), net 194 (78) 178
Earnings before income taxes 107 579 636
Income tax benefit (expense) 120 3 (65)
Net earnings 227 582 571
Less: Net earnings attributable to noncontrolling interests (1) (2) (1)
Net earnings attributable to Seaboard $ 226 $ 580 $ 570
Earnings per common share (in dollars per share) $ 202.21 $ 499.66 $ 490.36
Average number of shares outstanding (in shares) 1,117,636 1,160,779 1,160,779
Other comprehensive income (loss), net of income tax expense of $(4), $(8) and $(8):      
Foreign currency translation adjustment $ (3) $ (33) $ 8
Unrecognized pension cost 15 43 31
Other comprehensive income, net of tax 12 10 39
Comprehensive income 239 592 610
Less: Comprehensive income attributable to noncontrolling interests (1) (2) (1)
Comprehensive income attributable to Seaboard 238 590 609
Products      
Net sales:      
Total net sales 7,754 8,979 7,714
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 7,893 8,707 7,223
Services      
Net sales:      
Total net sales 1,566 2,100 1,445
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 1,194 1,369 1,124
Other      
Net sales:      
Total net sales 242 164 70
Cost of sales and operating expenses:      
Total cost of sales and operating expenses $ 159 $ 137 $ 64