Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 56	$ 199
Short-term investments	973	1,086
Receivables:
Trade	500	588
Other	152	171
Total receivables	779	954
Allowance for credit losses	(30)	(31)
Receivables, net	749	923
Inventories	1,462	1,670
Other current assets	123	139
Total current assets	3,363	4,017
Property, plant and equipment, net of accumulated depreciation	2,410	2,246
Operating lease right of use assets, net	394	445
Investments in and advances to affiliates	731	753
Goodwill	160	154
Other intangible assets, net	26	31
Deferred tax asset	199	17
Other non-current assets	283	239
Total assets	7,566	7,902
Current liabilities:
Lines of credit	255	457
Accounts payable (includes $1 and $2 to affiliates)	400	429
Accrued compensation and benefits	143	158
Deferred revenue (includes $28 and $12 from affiliates)	66	70
Operating lease liabilities	117	156
Accrued voyage costs	56	61
Other current liabilities	298	198
Total current liabilities	1,335	1,529
Long-term debt, less current maturities	997	702
Long-term operating lease liabilities	304	318
Accrued pension liability	74	71
Deferred tax liability	32
Other non-current liabilities	190	268
Total liabilities	2,932	2,888
Commitments and contingent liabilities
Stockholders' equity:
Common stock of $1 par value. Authorized 1,250,000 shares; issued and outstanding 971,055 and 1,160,779 shares in 2023 and 2022, respectively	1	1
Accumulated other comprehensive loss	(410)	(422)
Retained earnings	5,025	5,417
Total Seaboard stockholders' equity	4,616	4,996
Noncontrolling interests	18	18
Total equity	4,634	5,014
Total liabilities and stockholders' equity	7,566	7,902
Affiliates
Receivables:
Due from affiliates	$ 127	$ 195