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Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Information  
Summary of sales disaggregated by revenue source and segment

Net Sales:

Year ended December 31, 2023

(Millions of dollars)

Pork

CT&M

Marine

Sugar and Alcohol

Power

All Other

Consolidated Totals

Major Products/Services Lines:

Products

$

1,761

$

5,125

$

$

154

$

$

9

$

7,049

Transportation

13

1,499

3

1,515

Energy

705

5

237

947

Other

37

14

51

Segment/consolidated totals

$

2,516

$

5,139

$

1,499

$

159

$

237

$

12

$

9,562

Net Sales:

Year ended December 31, 2022

(Millions of dollars)

Pork

CT&M

Marine

Sugar and Alcohol

Power

All Other

Consolidated Totals

Major Products/Services Lines:

Products

$

1,954

$

6,275

$

$

123

$

$

16

$

8,368

Transportation

11

2,043

2

2,056

Energy

611

6

158

775

Other

29

15

44

Segment/consolidated totals

$

2,605

$

6,290

$

2,043

$

129

$

158

$

18

$

11,243

Net Sales:

Year ended December 31, 2021

(Millions of dollars)

Pork

CT&M

Marine

Sugar and Alcohol

Power

All Other

Consolidated Totals

Major Products/Services Lines:

Products

$

2,091

$

5,139

$

$

113

$

$

14

$

7,357

Transportation

8

1,396

1

1,405

Energy

357

10

60

427

Other

25

15

40

Segment/consolidated totals

$

2,481

$

5,154

$

1,396

$

123

$

60

$

15

$

9,229

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

Operating Income (Loss):

 

Years ended December 31,

(Millions of dollars)

 

2023

    

2022

    

2021

Pork

$

(528)

$

(96)

$

227

CT&M

 

145

 

151

 

61

Marine

 

228

 

591

 

197

Sugar and Alcohol

 

18

 

11

 

2

Power

 

71

 

14

 

(9)

All other

 

 

1

 

1

Segment totals

 

(66)

 

672

 

479

Corporate

 

(21)

 

(15)

 

(21)

Consolidated totals

$

(87)

$

657

$

458

Summary of specific financial information related to total assets

Total Assets:

 

December 31,

(Millions of dollars)

    

 

2023

    

2022

Pork

$

2,721

$

2,698

CT&M

 

1,590

 

1,915

Marine

 

847

 

882

Sugar and Alcohol

 

179

 

165

Power

 

337

 

342

Turkey

 

360

 

350

All other

 

4

 

6

Segment totals

 

6,038

 

6,358

Corporate

 

1,528

 

1,544

Consolidated totals

$

7,566

$

7,902

Summary of specific financial information related to capital expenditures

Capital Expenditures:

Years ended December 31,

(Millions of dollars)

    

2023

    

2022

    

2021

Pork

$

361

$

315

$

343

CT&M

 

7

 

14

 

17

Marine

 

121

 

136

 

44

Sugar and Alcohol

 

10

 

9

 

8

Power

 

3

 

 

43

All other

 

1

 

 

1

Segment totals

 

503

 

474

 

456

Corporate

 

3

 

 

4

Consolidated totals

$

506

$

474

$

460

Geographic summary of net sales based on the location of product delivery

Years ended December 31,

(Millions of dollars)

    

2023

    

2022

    

2021

Caribbean, Central and South America

$

4,197

$

5,054

$

3,566

Africa

 

2,586

 

3,107

 

2,685

United States (a)

 

2,102

 

2,181

 

2,031

Pacific Basin and Far East

 

325

 

490

 

545

Canada/Mexico

289

338

309

Europe

 

59

 

71

 

86

All other

 

4

 

2

 

7

Total sales

$

9,562

$

11,243

$

9,229

(a)  For Marine segment services on product delivery to the U.S., geographic location is based on origination port.

Geographic summary of the entity's property, plant and equipment according to their physical location and primary port for the vessels

December 31,

(Millions of dollars)

    

2023

    

2022

United States

$

1,795

$

1,682

Dominican Republic

 

261

 

281

Argentina

 

60

 

59

China (a)

117

35

Ivory Coast

34

33

Senegal

32

32

Zambia

23

31

All other

 

88

 

93

Total property, plant and equipment, net

$

2,410

$

2,246

(a)  Represents vessels under construction for the Marine segment.