Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2023

Investments in Affiliates

Schedule of non-consolidated affiliates

	Investments in and				Income (Loss)
	Advances to Affiliates				from Affiliates
	December 31,				Years ended December 31,
(Millions of dollars)	2023		2022		2023		2022		2021
Pork	$	154	$	152	$	32	$	24	$	3
CT&M		164		210		(18)		21		18
Marine		38		36		3		4		6
Sugar and Alcohol		2		2		1		—		—
Power		3		3		—		—		—
Turkey		370		350		87		103		(20)
Segment/Consolidated Totals	$	731	$	753	$	105	$	152	$	7

Pork

Investments in Affiliates

Schedule of non-consolidated affiliates

Pork Segment		December 31,
(Millions of dollars)		2023		2022		2021
Net sales	$	2,205	$	2,417	$	2,010
Net income	$	65	$	48	$	5
Total assets	$	604	$	615	$	584
Total liabilities	$	299	$	312	$	302
Total equity	$	305	$	303	$	282

Commodity Trading and Milling

Investments in Affiliates

Schedule of non-consolidated affiliates

CT&M Segment	December 31,
(Millions of dollars)	2023			2022		2021
Net sales	$	3,088	$	3,186	$	2,766
Net income (loss)	$	(79)	$	40	$	47
Total assets	$	960	$	1,848	$	1,798
Total liabilities	$	569	$	1,250	$	1,199
Total equity	$	391	$	598	$	599

Marine

Investments in Affiliates

Schedule of non-consolidated affiliates

Marine Segment		December 31,
(Millions of dollars)		2023		2022		2021
Net sales	$	62	$	82	$	74
Net income	$	21	$	21	$	27
Total assets	$	233	$	256	$	245
Total liabilities	$	70	$	61	$	88
Total equity	$	163	$	195	$	157

Sugar and Alcohol

Investments in Affiliates

Schedule of non-consolidated affiliates

Sugar and Alcohol Segment	December 31,
(Millions of dollars)	2023			2022		2021
Net sales	$	7	$	8	$	6
Net income	$	1	$	—	$	—
Total assets	$	6	$	6	$	8
Total liabilities	$	2	$	2	$	1
Total equity	$	4	$	4	$	7

Power

Investments in Affiliates

Schedule of non-consolidated affiliates

Power Segment	December 31,
(Millions of dollars)	2023			2022		2021
Net sales	$	—	$	1	$	1
Net income	$	—	$	—	$	1
Total assets	$	9	$	9	$	12
Total liabilities	$	3	$	3	$	5
Total equity	$	6	$	6	$	7

Turkey

Investments in Affiliates

Schedule of non-consolidated affiliates

Turkey Segment	December 31,
(Millions of dollars)	2023			2022		2021
Net sales	$	2,025	$	2,050	$	1,792
Operating income (loss)	$	182	$	202	$	(34)
Net income (loss)	$	166	$	196	$	(38)
Total assets	$	1,120	$	1,081	$	991
Total liabilities	$	408	$	406	$	517
Total equity	$	712	$	675	$	474