XML 60 R15.htm IDEA: XBRL DOCUMENT
v3.20.1

Stockholders' Equity and Accumulated Other Comprehensive Loss | 3 Months Ended
--- | ---
Mar. 28, 2020
Stockholders' Equity and Accumulated Other Comprehensive Loss |
Stockholders' Equity and Accumulated Other Comprehensive Loss | Note 7 – Stockholders’ Equity and Accumulated Other Comprehensive Loss In October 2019, the Board of Directors extended through October 31, 2020 Seaboard’s share repurchase program. Under this share repurchase program, Seaboard is authorized to repurchase its common stock from time to time in open market or privately negotiated purchases, which may be above or below the traded market price. During the period that the share repurchase program remains in effect, from time to time, Seaboard may enter into a 10b5-1 plan authorizing a third party to make such purchases on behalf of Seaboard. All stock repurchased will be made in compliance with applicable legal requirements and funded by cash on hand. The timing of the repurchases and the number of shares repurchased at any given time will depend upon market conditions, compliance with SEC regulations, and other factors. The Board of Directors’ stock repurchase authorization does not obligate Seaboard to acquire a specific amount of common stock, and the stock repurchase program may be suspended at any time at Seaboard’s discretion. As of March 28, 2020, $65 million remained available for repurchase under this program. Seaboard repurchased 4,069 shares of common stock at a total price of $13 million during the three months ended March 28, 2020. The changes in the components of other comprehensive loss, net of related taxes, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended |
​ | ​ | March 28, | ​ | March 30, |
(Millions of dollars) |  | 2020 |  | 2019 |
Foreign currency translation adjustment |  | $ | 3 |  | $ | (2) | ​
Unrecognized pension cost (a) | ​ |  | 2 | ​ |  | 3 | ​
Other comprehensive loss, net of tax |  | $ | 5 |  | $ | 1 | ​
​ ​
| (a) | Primarily represents amounts reclassified from accumulated other comprehensive loss to net periodic pension cost representing the amortization of actuarial losses (gains) and other adjustments.
The components of accumulated other comprehensive loss, net of related taxes, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 28, | ​ | December 31, |
(Millions of dollars) |  | 2020 |  | 2019 |
Cumulative foreign currency translation adjustment | ​ | $ | (366) | ​ | $ | (369) | ​
Cumulative unrecognized pension cost | ​ |  | (69) | ​ |  | (71) | ​
Total accumulated other comprehensive loss | ​ | $ | (435) | ​ | $ | (440) | ​
​

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

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration