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Segment Information (Tables) | 6 Months Ended
--- | ---
Jul. 02, 2016
Schedule of allocation of preliminary purchase price |
(Millions of dollars) |  |
Inventories |  | $ | 33 |
Property, plant and equipment |  |  | 111 |
Intangible assets |  |  | 1 |
Goodwill |  |  | 3 |
Total consideration transferred |  | $ | 148 |
Schedule of proforma information related to acquisition |
|  | Three months ended |  | Six months ended |
|  |  | July 2, |  |  | July 4, |  | July 2, |  | July 4, |
(Millions of dollars except per share amounts) |  |  | 2016 |  |  | 2015 |  | 2016 |  | 2015 |
Net sales |  | $ | 1,357 |  | $ | 1,469 |  | $ | 2,692 |  | $ | 2,958 |
Net earnings |  | $ | 80 |  | $ | 36 |  | $ | 135 |  | $ | 68 |
Earnings per common share |  | $ | 68.34 |  | $ | 30.46 |  | $ | 114.25 |  | $ | 57.71 |
Summary of specific financial information related to sales to external customers |
Sales to External Customers: |  | Three Months Ended |  | Six Months Ended |
|  | July 2, |  | July 4, |  | July 2, |  | July 4, |
(Millions of dollars) |  | 2016 |  | 2015 |  | 2016 |  | 2015 |
Pork |  | $ | 359 |  | $ | 331 |  | $ | 687 |  | $ | 652 |
Commodity Trading and Milling |  |  | 707 |  |  | 779 |  |  | 1,416 |  |  | 1,599 |
Marine |  |  | 232 |  |  | 242 |  |  | 459 |  |  | 479 |
Sugar |  |  | 36 |  |  | 45 |  |  | 69 |  |  | 90 |
Power |  |  | 19 |  |  | 28 |  |  | 36 |  |  | 53 |
All Other |  |  | 4 |  |  | 3 |  |  | 9 |  |  | 7 |
Segment/Consolidated Totals |  | $ | 1,357 |  | $ | 1,428 |  | $ | 2,676 |  | $ | 2,880 |
Summary of specific financial information related to operating income (loss) |
Operating Income (Loss): |  | Three Months Ended |  | Six Months Ended |
|  | July 2, |  | July 4, |  | July 2, |  | July 4, |
(Millions of dollars) |  | 2016 |  | 2015 |  | 2016 |  | 2015 |
Pork |  | $ | 50 |  | $ | 19 |  | $ | 79 |  | $ | 35 |
Commodity Trading and Milling |  |  | 19 |  |  | 8 |  |  | 28 |  |  | 12 |
Marine |  |  | 7 |  |  | 5 |  |  | 10 |  |  | 12 |
Sugar |  |  | 2 |  |  | 1 |  |  | 2 |  |  | 5 |
Power |  |  | 2 |  |  | 4 |  |  | 2 |  |  | 7 |
All Other |  |  | 1 |  |  | — |  |  | 1 |  |  | — |
Segment Totals |  |  | 81 |  |  | 37 |  |  | 122 |  |  | 71 |
Corporate |  |  | (5) |  |  | (5) |  |  | (10) |  |  | (11) |
Consolidated Totals |  | $ | 76 |  | $ | 32 |  | $ | 112 |  | $ | 60 |
Summary of specific financial information related to income (loss) from affiliates |
Income (Loss) from Affiliates: |  | Three Months Ended |  | Six Months Ended |
|  | July 2, |  | July 4, |  | July 2, |  | July 4, |
(Millions of dollars) |  | 2016 |  | 2015 |  | 2016 |  | 2015 |
Pork |  | $ | 4 |  | $ | 4 |  | $ | 7 |  | $ | 6 |
Commodity Trading and Milling |  |  | (11) |  |  | (16) |  |  | (15) |  |  | (25) |
Marine |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Sugar |  |  | — |  |  | — |  |  | 1 |  |  | — |
Power |  |  | — |  |  | 1 |  |  | 1 |  |  | 1 |
Turkey |  |  | 18 |  |  | 23 |  |  | 38 |  |  | 40 |
Segment/Consolidated Totals |  | $ | 11 |  | $ | 12 |  | $ | 33 |  | $ | 23 |
Summary of specific financial information related to total assets |
Total Assets: |  | July 2, |  | December 31, |
(Millions of dollars) |  | 2016 |  | 2015 |
Pork |  | $ | 1,026 |  | $ | 858 |
Commodity Trading and Milling |  |  | 903 |  |  | 988 |
Marine |  |  | 313 |  |  | 296 |
Sugar |  |  | 176 |  |  | 202 |
Power |  |  | 199 |  |  | 271 |
Turkey |  |  | 483 |  |  | 448 |
All Other |  |  | 6 |  |  | 6 |
Segment Totals |  |  | 3,106 |  |  | 3,069 |
Corporate |  |  | 1,321 |  |  | 1,362 |
Consolidated Totals |  | $ | 4,427 |  | $ | 4,431 |
Summary of specific financial information related to investments in and advances to affiliates |
Investments in and Advances to Affiliates: |  | July 2, |  | December 31, |
(Millions of dollars) |  | 2016 |  | 2015 |
Pork |  | $ | 146 |  | $ | 115 |
Commodity Trading and Milling |  |  | 207 |  |  | 218 |
Marine |  |  | 35 |  |  | 19 |
Sugar |  |  | 3 |  |  | 3 |
Power |  |  | 35 |  |  | 34 |
Turkey |  |  | 316 |  |  | 282 |
Segment/Consolidated Totals |  | $ | 742 |  | $ | 671 |
Butterball, LLC |
Summary of specific financial information related to equity method |
|  | Three Months Ended |  | Six Months Ended |
|  |  | July 2, |  | July 4, |  | July 2, |  | July 4,
(Millions of dollars) |  |  | 2016 |  | 2015 |  | 2016 |  | 2015
Net sales |  | $ | 391 |  | $ | 390 |  | $ | 776 |  | $ | 788 |
Operating income |  | $ | 44 |  | $ | 51 |  | $ | 89 |  | $ | 94 |
Net income |  | $ | 34 |  | $ | 44 |  | $ | 72 |  | $ | 76 |

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