XML 18 R13.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Net Property, Plant and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2019
Net Property, Plant and Equipment |
Net Property, Plant and Equipment | Note 5 - Net Property, Plant and Equipment The following table is a summary of property, plant and equipment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Useful | ​ | December 31,
(Millions of dollars) |  | Lives |  | 2019 |  | 2018
Land and improvements |  | 3 | - | 15 | years | ​ | $ | 250 | ​ | $ | 238
Buildings and improvements |  | ​ | ​ | 30 | years | ​ |  | 646 | ​ |  | 591
Machinery and equipment |  | 3 | - | 20 | years | ​ |  | 1,360 | ​ |  | 1,298
Vessels and vehicles |  | 3 | - | 18 | years | ​ |  | 147 | ​ |  | 147
Office furniture and fixtures |  | ​ | ​ | 5 | years | ​ |  | 42 | ​ |  | 36
Contract growers | ​ | 5 | - | 15 | years | ​ | ​ | 44 | ​ | ​ | —
Construction in progress | ​ | ​ | ​ | ​ | ​ | ​ |  | 287 | ​ |  | 96
​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 2,776 | ​ |  | 2,406
Accumulated depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ |  | (1,345) | ​ |  | (1,246)
Net property, plant and equipment | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,431 | ​ | $ | 1,160
​ Finance lease ROU assets of $50 million, net of $3 million in accumulated amortization, are included in property, plant and equipment and comprise all of the contract growers asset category, with the remaining balance in buildings, machinery and equipment and land. Seaboard’s capitalized interest on construction in progress was $7 million and less than $1 million for the years ended December 31, 2019 and 2018, respectively.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration