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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2022
Loss Contingencies [Table] |
Summary of non-cancelable commitments under contractual obligations |
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31, | ​ |  | ​ | ​ |  | ​
(Millions of dollars) |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 | ​ | Thereafter |  | Totals
Hog procurement contracts (a) | ​ | $ | 86 | ​ | $ | 57 | ​ | $ | 57 | ​ | $ | 42 | ​ | $ | — | ​ | $ | — | ​ | $ | 242
Grain and feedstock commitments (b) | ​ |  | 581 | ​ |  | 152 | ​ |  | 4 | ​ |  | 3 | ​ |  | — | ​ |  | — | ​ |  | 740
Grain purchase contracts for resale (c) | ​ | ​ | 842 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 843
Fuel supply contracts (d) | ​ |  | 113 | ​ |  | 87 | ​ |  | 98 | ​ |  | 98 | ​ |  | 98 | ​ |  | 369 | ​ |  | 863
Capital expenditures (e) | ​ | ​ | 127 | ​ | ​ | 152 | ​ | ​ | 98 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 377
Other commitments | ​ |  | 130 | ​ |  | 1 | ​ |  | 1 | ​ |  | 1 | ​ |  | 1 | ​ |  | 9 | ​ |  | 143
Total unrecognized non-cancelable commitments | ​ | $ | 1,879 | ​ | $ | 450 | ​ | $ | 258 | ​ | $ | 144 | ​ | $ | 99 | ​ | $ | 378 | ​ | $ | 3,208
| (a) | The Pork segment has contracted with third parties for the purchase of hogs to support its operations. The amounts are based on projected market prices as of December 31, 2022.
| (b) | The Pork segment enters into grain purchase and feedstock contracts to support its operations. For variable costs, the amounts are based on projected commodity prices as of December 31, 2022.
| (c) | The CT&M segment enters into grain purchase contracts, primarily to support firm sales commitments. The amounts are fixed or based on projected commodity prices as of December 31, 2022.
| (d) | The Power segment has a natural gas supply contract for a significant portion of the fuel required for EDM III. Also, the Marine segment has a fuel supply agreement to purchase natural gas for the initial three vessels under construction. The variable price components are based on market prices as of December 31, 2022.
| (e) | The capital expenditures are primarily for the Marine segment’s construction of six vessels with expected delivery of three in 2024 and three in 2025 and the Pork segment’s biogas recovery projects and other investments that are expected to be completed in 2023. The amounts are based on milestones per respective contracts.

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- Definition Discloses the specific components (such as the nature, name, and date) of the loss contingency and gives an estimate of the possible loss or range of loss, or states that a reasonable estimate cannot be made. Excludes environmental contingencies, warranties and unconditional purchase obligations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121557415&loc=d3e14435-108349 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 9 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=121557415&loc=d3e14557-108349 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=121557415&loc=d3e14435-108349 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 9 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121557415&loc=d3e14557-108349 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121557415&loc=d3e14326-108349 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124440162&loc=d3e12021-110248 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124440162&loc=d3e12053-110248 + Details
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