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Inventories (Tables) | 9 Months Ended
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Sep. 28, 2019
Inventories |
Summary of inventories | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 28, | ​ | December 31, |
(Millions of dollars) |  | 2019 |  | 2018 | ​
At lower of LIFO cost or market: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Hogs and materials | ​ | $ | 376 | ​ | $ | 361 | ​
Fresh pork and materials | ​ |  | 35 | ​ |  | 36 | ​
LIFO adjustment | ​ |  | (66) | ​ |  | (58) | ​
Total inventories at lower of LIFO cost or market | ​ |  | 345 | ​ |  | 339 | ​
At lower of FIFO cost and net realizable value: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grains, oilseeds and other commodities | ​ |  | 306 | ​ |  | 229 | ​
Sugar produced and in process | ​ |  | 25 | ​ |  | 17 | ​
Other | ​ |  | 78 | ​ |  | 81 | ​
Total inventories at lower of FIFO cost and net realizable value | ​ |  | 409 | ​ |  | 327 | ​
Grain, flour and feed at lower of weighted average cost and net realizable value | ​ |  | 162 | ​ |  | 149 | ​
Total inventories | ​ | $ | 916 | ​ | $ | 815 | ​

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