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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2015
Commitments and Contingencies |
Schedule of non-cancelable purchase commitments and commitments under other agreements |
|  | Years ended December 31, |  |  |  |
(Millions of dollars) |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | Thereafter |
Hog procurement contracts |  | $ | 139 |  | $ | 101 |  | $ | 33 |  | $ | 12 |  | $ | — |  | $ | — |
Grain and feed ingredients |  |  | 78 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Grain purchase contracts for resale |  |  | 358 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Fuel supply contract |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Equipment purchases and facility improvements |  |  | 25 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction of new dry bulk vessels |  |  | 29 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other purchase commitments |  |  | 35 |  |  | 8 |  |  | 8 |  |  | 9 |  |  | 13 |  |  | — |
Total firm purchase commitments |  |  | 669 |  |  | 109 |  |  | 41 |  |  | 21 |  |  | 13 |  |  | — |
Vessel, time and voyage-charters |  |  | 51 |  |  | 23 |  |  | 22 |  |  | 22 |  |  | 22 |  |  | 46 |
Contract grower finishing agreements |  |  | 11 |  |  | 9 |  |  | 7 |  |  | 2 |  |  | — |  |  | — |
Other operating lease payments |  |  | 28 |  |  | 28 |  |  | 26 |  |  | 25 |  |  | 24 |  |  | 190 |
Investment in pork processing facility joint venture |  |  | 97 |  |  | 46 |  |  | 22 |  |  | 16 |  |  | — |  |  | — |
Total unrecognized firm commitments |  | $ | 856 |  | $ | 215 |  | $ | 118 |  | $ | 86 |  | $ | 59 |  | $ | 236 |

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- Definition Tabular disclosure of unconditional purchase obligations that are not recognized as a liability on the balance sheet, including the nature and significant terms of an unconditional purchase obligation; the amount of the fixed and determinable portion of the obligation as of the date of the latest balance sheet presented in the aggregate and, if determinable, for each of the five succeeding fiscal years; the nature of any variable components of the obligation; the amount purchased under the obligation (for example, the take-or-pay or throughput contract) for the reporting period; and may include the amount of imputed interest necessary to reduce the obligation to present value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25336-109308 + Details
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