XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Net sales:        
Total net sales $ 2,218 $ 2,388 $ 6,618 $ 7,280
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 2,081 2,223 6,265 6,985
Gross income 137 165 353 295
Selling, general and administrative expenses 105 98 311 295
Operating income 32 67 42  
Other income (expense):        
Interest expense (21) (9) (50) (41)
Interest income (includes $1, $1, $2 and $4 from affiliates) 16 18 52 45
Income from affiliates 17 23 59 74
Other investment income (loss), net 6 (7) 29 43
Foreign currency gains (losses), net (9)   (21) 3
Miscellaneous, net   1 (1) 4
Total other income, net 9 26 68 128
Earnings before income taxes 41 93 110 128
Income tax benefit (expense) (190) 33 (176) 34
Net earnings (loss) (149) 126 (66) 162
Less: Net earnings attributable to noncontrolling interests 0 0 0 0
Net earnings (loss) attributable to Seaboard $ (149) $ 126 $ (66) $ 162
Earnings (loss) per common share - basic (in dollars per share) $ (153.44) $ 108.55 $ (67.97) $ 139.56
Earnings (loss) per common share - diluted (in dollars per share) $ (153.44) $ 108.55 $ (67.97) $ 139.56
Average number of shares outstanding - basic (in shares) 971,055 1,160,779 971,055 1,160,779
Average number of shares outstanding - diluted (in shares) 971,055 1,160,779 971,055 1,160,779
Other comprehensive income (loss), net of income tax expense:        
Foreign currency translation adjustment $ 3 $ (3) $ 1 $ 10
Unrecognized pension cost 1   3 4
Other comprehensive income (loss), net of tax 4 (3) 4 14
Comprehensive income (loss) (145) 123 (62) 176
Less: Comprehensive income attributable to noncontrolling interests 0 0 0 0
Comprehensive income (loss) attributable to Seaboard (145) 123 (62) 176
Products        
Net sales:        
Total net sales 1,805 1,966 5,399 5,907
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,731 1,905 5,251 5,981
Services        
Net sales:        
Total net sales 344 349 1,042 1,185
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 305 276 891 882
Other        
Net sales:        
Total net sales 69 73 177 188
Cost of sales and operating expenses:        
Total cost of sales and operating expenses $ 45 $ 42 $ 123 $ 122