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Leases (Tables) | 12 Months Ended
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Dec. 31, 2019
Leases |
Summary of finance leases in condensed consolidated balance sheet |
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(Millions of dollars) | ​ | ​ | ​ | ​ | ​
Finance lease right of use assets, net | ​ | Property, plant and equipment, net | ​ | $ | 50
Finance lease liabilities | ​ | Other current liabilities | ​ | ​ | 5
Non-current finance lease liabilities | ​ | Other liabilities | ​ | ​ | 40
Summary of components of lease costs | ​
​ | ​ | ​
​ | ​ | ​
(Millions of dollars) | ​
Operating lease cost | $ | 138
Finance lease cost: | ​ | ​
Amortization of right of use assets | ​ | 3
Interest on lease liabilities | ​ | 1
Variable lease cost | ​ | 7
Short-term lease cost | ​ | 48
Total lease cost | $ | 197
Summary of maturities of lease liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
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​ | ​ | Operating | ​ | ​ | Finance | ​
(Millions of dollars) |  | Leases | ​ | ​ | Leases |
2020 | $ | 130 | ​ | $ | 7 | ​
2021 | ​ | 113 | ​ |  | 7 | ​
2022 | ​ | 84 | ​ | ​ | 7 | ​
2023 | ​ | 58 | ​ | ​ | 7 | ​
2024 | ​ | 48 | ​ | ​ | 7 | ​
Thereafter | ​ | 164 | ​ |  | 26 | ​
Total undiscounted lease payments | ​ | 597 | ​ | ​ | 61 | ​
Less imputed interest | ​ | (114) | ​ | ​ | (16) | ​
Total lease liability | $ | 483 | ​ | $ | 45 | ​
Schedule of commitments as of December 31, 2018 | Below is Seaboard’s commitments table as of December 31, 2018 that disclosed operating lease payments for the next five years and thereafter. Seaboard had no material capital leases as of December 31, 2018.
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Years ended December 31, | ​ |  | ​
(Millions of dollars) |  | ​ | ​ | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Thereafter
Ports | ​ | ​ | ​ | $ | 18 | ​ | $ | 18 | ​ | $ | 19 | ​ | $ | 19 | ​ | $ | 20 | ​ | $ | 109
Vessel, time and voyage-charters | ​ | ​ | ​ |  | 58 | ​ |  | 27 | ​ |  | 26 | ​ |  | 13 | ​ |  | 8 | ​ |  | 25
Contract grower agreements | ​ | ​ | ​ | ​ | 47 | ​ |  | 41 | ​ |  | 37 | ​ |  | 27 | ​ |  | 18 | ​ |  | 61
Other operating lease payments | ​ | ​ | ​ |  | 18 | ​ |  | 13 | ​ |  | 9 | ​ |  | 8 | ​ |  | 6 | ​ |  | 15
Total unrecognized non-cancelable commitments | ​ | ​ | ​ | $ | 141 | ​ | $ | 99 | ​ | $ | 91 | ​ | $ | 67 | ​ | $ | 52 | ​ | $ | 210

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- Definition Tabular disclosure of undiscounted cash flows of operating lease liability and finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating and finance lease liability recognized in statement of financial position. + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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