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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 106 $ 56
Short-term investments 1,096 973
Receivables:    
Trade 585 500
Other (includes $5 and $0 due from affiliates) 177 152
Total receivables 850 779
Allowance for credit losses (31) (30)
Receivables, net 819 749
Inventories 1,356 1,462
Other current assets 136 123
Total current assets 3,513 3,363
Property, plant and equipment, net of accumulated depreciation of $2,098 and $1,956 2,522 2,410
Operating lease right of use assets, net 372 394
Investments in and advances to affiliates 725 731
Goodwill 161 160
Deferred tax assets 32 199
Other non-current assets 209 309
Total assets 7,534 7,566
Current liabilities:    
Lines of credit 427 255
Accounts payable (includes $31 and $1 due to affiliates) 361 400
Deferred revenue (includes $13 and $28 due to affiliates) 63 66
Operating lease liabilities 125 117
Other current liabilities 461 497
Total current liabilities 1,437 1,335
Long-term debt, less current maturities 992 997
Long-term operating lease liabilities 273 304
Other non-current liabilities 266 296
Total liabilities 2,968 2,932
Commitments and contingent liabilities
Stockholders' equity:    
Common stock of $1 par value. Authorized 1,250,000 shares; issued and outstanding 971,055 shares in 2024 and 2023 1 1
Accumulated other comprehensive loss (406) (410)
Retained earnings 4,953 5,025
Total Seaboard stockholders' equity 4,548 4,616
Noncontrolling interests 18 18
Total equity 4,566 4,634
Total liabilities and stockholders' equity 7,534 7,566
Affiliates    
Receivables:    
Due from affiliates $ 88 $ 127