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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2018
Revenue Recognition |
Schedule of sales disaggregated by revenue source and segment |
|  |  | Year Ended December 31, 2018 |
(Millions of dollars) |  |  | Pork |  |  | Commodity Trading & Milling |  |  | Marine |  |  | Sugar and Alcohol |  |  | Power |  |  | All Other |  |  | Consolidated Totals |
Major Products/Services Lines: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products |  | $ | 1,451 |  | $ | 3,410 |  | $ | — |  | $ | 173 |  | $ | — |  | $ | 18 |  | $ | 5,052 |
Transportation |  |  | 9 |  |  | — |  |  | 1,057 |  |  | — |  |  | — |  |  | — |  |  | 1,066 |
Energy |  |  | 282 |  |  | — |  |  | — |  |  | 11 |  |  | 122 |  |  | — |  |  | 415 |
Other |  |  | 32 |  |  | 18 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 50 |
Segment/Consolidated Totals |  | $ | 1,774 |  | $ | 3,428 |  | $ | 1,057 |  | $ | 184 |  | $ | 122 |  | $ | 18 |  | $ | 6,583 |
ASU 2014-09 |
Revenue Recognition |
Schedule of impacts of adopting ASU 2014-09 |
Consolidated Statement of Comprehensive Income |
|  |  | Year ended
|  |  | December 31, 2018
|  |  | Balances Without |  |  |  |  |  |  |
|  |  | Adoption |  |  |  |  |  | As |
(Millions of dollars) |  |  | of Topic 606 |  |  | Adjustments |  |  | Reported |
Total net sales |  | $ | 6,555 |  | $ | 28 |  | $ | 6,583 |
Total cost of sales |  | $ | 6,032 |  | $ | 28 |  | $ | 6,060 |
Consolidated Balance Sheet |  |  | December 31, 2018
|  |  | Balances Without |  |  |  |  |  | As |
(Millions of dollars) |  |  | Adoption of Topic 606 |  |  | Adjustments |  |  | Reported |
Net receivables |  | $ | 544 |  | $ | 7 |  | $ | 551 |
Inventories |  | $ | 860 |  | $ | (45) |  | $ | 815 |
Deferred revenue |  | $ | 77 |  | $ | (38) |  | $ | 39 |
Consolidated Statement of Cash Flows |  |  | Year ended December 31, 2018
|  |  | Balances Without |  |  |  |  |  | As |
(Millions of dollars) |  |  | Adoption of Topic 606 |  |  | Adjustments |  |  | Reported |
Changes in assets and liabilities, net of acquisitions: |  |  |  |  |  |  |  |
Receivables, net of allowance |  | $ | (51) |  | $ | (7) |  | $ | (58) |
Inventories |  | $ | (79) |  | $ | 45 |  | $ | (34) |
Current liabilities, exclusive of debt |  | $ | 16 |  | $ | (38) |  | $ | (22) |

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