Segment Information (Tables)

3 Months Ended

Mar. 30, 2024

Segment Information

Schedule of sales disaggregated by revenue source and segment

		Three Months Ended March 30, 2024
(Millions of dollars)		Pork		Commodity Trading & Milling		Marine		Sugar and Alcohol		Power		All Other		Consolidated Totals
Major Products/Services Lines:
Products	$	481	$	1,185	$	—	$	32	$	—	$	1	$	1,699
Transportation		3		—		332		—		—		1		336
Energy		93		—		—		1		48		—		142
Other		9		5		—		—		—		—		14
Segment/Consolidated Totals	$	586	$	1,190	$	332	$	33	$	48	$	2	$	2,191

		Three Months Ended April 1, 2023
(Millions of dollars)		Pork		Commodity Trading & Milling		Marine		Sugar and Alcohol		Power		All Other		Consolidated Totals
Major Products/Services Lines:
Products	$	428	$	1,341	$	—	$	38	$	—	$	3	$	1,810
Transportation		3		—		448		—		—		—		451
Energy		174		—		—		—		52		—		226
Other		9		3		—		—		—		—		12
Segment/Consolidated Totals	$	614	$	1,344	$	448	$	38	$	52	$	3	$	2,499

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

Operating Income (Loss):	Three Months Ended
	March 30,		April 1,
(Millions of dollars)	2024		2023
Pork	$	(48)	$	(212)
CT&M		18		43
Marine		15		96
Sugar and Alcohol		(5)		6
Power		7		10
Segment Totals		(13)		(57)
Corporate		(7)		(6)
Consolidated Totals	$	(20)	$	(63)

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

Income (Loss) from Affiliates:	Three Months Ended
	March 30,		April 1,
(Millions of dollars)	2024		2023
Pork	$	9	$	10
CT&M		2		(8)
Marine		1		(1)
Turkey		7		25
Segment/Consolidated Totals	$	19	$	26

Summary of specific financial information related to total assets

Total Assets:	March 30,		December 31,
(Millions of dollars)	2024		2023
Pork	$	2,749	$	2,721
CT&M		1,521		1,590
Marine		848		847
Sugar and Alcohol		170		179
Power		330		337
Turkey		377		360
All Other		4		4
Segment Totals		5,999		6,038
Corporate		1,578		1,528
Consolidated Totals	$	7,577	$	7,566

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

Investments in and Advances to Affiliates:	March 30,		December 31,
(Millions of dollars)	2024		2023
Pork	$	163	$	154
CT&M		161		164
Marine		38		38
Sugar and Alcohol		2		2
Power		3		3
Turkey		377		370
Segment/Consolidated Totals	$	744	$	731

Butterball, LLC

Segment Information

Summary of specific financial information related to equity method investment

		Three Months Ended
		March 30,		April 1,
(Millions of dollars)		2024		2023
Net sales	$	370	$	408
Operating income	$	16	$	50
Net income	$	15	$	48