Income Taxes

9 Months Ended

Oct. 01, 2011

Income Taxes

Income Taxes

Note 4 – Income Taxes

Seaboard’s tax returns are regularly audited by federal, state and foreign tax authorities, which may result in adjustments.  Seaboard’s 2006-2009 U.S. income tax returns are currently under IRS examination.  There have not been any material changes in unrecognized income tax benefits since December 31, 2010.  Interest related to unrecognized tax benefits and penalties was not material for the nine months ended October 1, 2011.