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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2018
Revenue Recognition |
Schedule of sales disaggregated by revenue source and segment |
(Millions of dollars) |  |  | Pork |  |  | Commodity Trading & Milling |  |  | Marine |  |  | Sugar |  |  | Power |  |  | All Other |  |  | Consolidated Totals |
Major Products/Services Lines: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 361 |  | $ | 781 |  | $ | — |  | $ | 50 |  | $ | — |  | $ | 4 |  | $ | 1,196 |
Transportation |  |  | 4 |  |  | — |  |  | 249 |  |  | — |  |  | — |  |  | — |  |  | 253 |
Energy |  |  | 93 |  |  | — |  |  | — |  |  | 1 |  |  | 23 |  |  | — |  |  | 117 |
Other |  |  | 8 |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13 |
Segment/Consolidated Totals |  | $ | 466 |  | $ | 786 |  | $ | 249 |  | $ | 51 |  | $ | 23 |  | $ | 4 |  | $ | 1,579 |
ASU 2014-09 |
Revenue Recognition |
Schedule of impacts of adopting ASU 2014-09 |
Consolidated Statement of Comprehensive Income |  |  |  |  |  |  |  |  |  |
|  |  | Balances without |  |  |  |  |  |  |
(Millions of dollars) |  |  | adoption of Topic 606 |  |  | Adjustments |  |  | As reported |
Total net sales |  | $ | 1,575 |  | $ | 4 |  | $ | 1,579 |
Total cost of sales and operating expenses |  | $ | 1,404 |  | $ | 3 |  | $ | 1,407 |
Consolidated Balance Sheet |  |  |  |  |  |  |  |  |  |
|  |  | Balances without |  |  |  |  |  |  |
(Millions of dollars) |  |  | adoption of Topic 606 |  |  | Adjustments |  |  | As reported |
Receivables, net |  | $ | 599 |  | $ | 9 |  | $ | 608 |
Inventories |  | $ | 813 |  | $ | (16) |  | $ | 797 |
Deferred revenue |  | $ | 82 |  | $ | (7) |  | $ | 75 |
Consolidated Statement of Cash Flows |  |  |  |  |  |  |  |  |  |
|  |  | Balances without |  |  |  |  |  |  |
(Millions of dollars) |  |  | adoption of Topic 606 |  |  | Adjustments |  |  | As reported |
Changes in assets and liabilities, net of acquisitions: |  |  |  |  |  |  |  |  |  |
Receivables, net of allowance |  | $ | (79) |  | $ | (9) |  | $ | (88) |
Inventories |  | $ | (14) |  | $ | 16 |  | $ | 2 |
Current liabilities, exclusive of debt |  | $ | (60) |  | $ | (7) |  | $ | (67) |

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