Inventories (Tables)

12 Months Ended

Dec. 31, 2015

Inventories

Summary of inventories

	December 31,
(Millions of dollars)	2015		2014
At lower of LIFO cost or market:
Live hogs and materials	$	210	$	209
Fresh pork and materials		26		29
		236		238
LIFO adjustment		(28)		(37)
Total inventories at lower of LIFO cost or market		208		201
At lower of FIFO cost or market:
Grains, oilseeds and other commodities		330		320
Sugar produced and in process		52		49
Other		61		57
Total inventories at lower of FIFO cost or market		443		426
Grain, flour and feed at lower of weighted average cost or market		88		109
Total inventories	$	739	$	736