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Investments in Affiliates (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Investments in and | ​ | Income (Loss) | ​
​ | ​ | Advances to Affiliates | ​ | from Affiliates | ​
​ |  | December 31, | ​ | Years ended December 31, | ​
(Millions of dollars) |  | 2022 |  | 2021 | ​ | 2022 |  | 2021 |  | 2020 | ​
Pork | ​ | $ | 152 | ​ | $ | 142 | ​ | $ | 24 | ​ | $ | 3 | ​ | $ | (9) | ​
CT&M | ​ | ​ | 210 | ​ | ​ | 224 | ​ | ​ | 21 | ​ | ​ | 18 | ​ | ​ | (2) | ​
Marine | ​ | ​ | 36 | ​ | ​ | 33 | ​ | ​ | 4 | ​ | ​ | 6 | ​ | ​ | 2 | ​
Sugar and Alcohol | ​ |  | 2 | ​ |  | 4 | ​ |  | — | ​ |  | — | ​ |  | 1 | ​
Power | ​ | ​ | 3 | ​ | ​ | 3 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Turkey | ​ |  | 350 | ​ |  | 245 | ​ |  | 103 | ​ |  | (20) | ​ |  | (10) | ​
Segment/Consolidated Totals | ​ | $ | 753 | ​ | $ | 651 | ​ | $ | 152 | ​ | $ | 7 | ​ | $ | (18) | ​
Schedule of related-party transactions with non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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​ | ​ | December 31, | ​
(Millions of dollars) |  | 2022 |  | ​ | 2021 |  | ​ | 2020 | ​
Product sales to related parties | ​ | $ | 1,463 |  | $ | 1,396 |  | $ | 1,125 | ​
Service revenue to related parties | ​ | $ | 20 | ​ | $ | 20 | ​ | $ | 21 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Purchases from related parties included in Cost of Sales(a) | ​ | $ | 91 |  | $ | — |  | $ | — | ​
Pork |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pork Segment |  | ​ | December 31,
(Millions of dollars) | ​ | ​ | 2022 | ​ | ​ | 2021 | ​ | ​ | 2020
Net sales | ​ | $ | 2,417 | ​ | $ | 2,010 | ​ | $ | 1,543
Net income (loss) | ​ | $ | 48 | ​ | $ | 5 | ​ | $ | (18)
Total assets | ​ | $ | 615 | ​ | $ | 584 | ​ | $ | 586
Total liabilities | ​ | $ | 312 | ​ | $ | 302 | ​ | $ | 245
Total equity | ​ | $ | 303 | ​ | $ | 282 | ​ | $ | 341
​
Commodity Trading and Milling |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
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CT&M Segment | ​ | December 31,
(Millions of dollars) |  | 2022 |  | ​ | 2021 |  | ​ | 2020
Net sales | ​ | $ | 3,186 |  | $ | 2,766 |  | $ | 2,482
Net income (loss) | ​ | $ | 40 |  | $ | 47 |  | $ | (2)
Total assets | ​ | $ | 1,848 |  | $ | 1,798 |  | $ | 1,745
Total liabilities | ​ | $ | 1,250 |  | $ | 1,199 |  | $ | 1,185
Total equity | ​ | $ | 598 |  | $ | 599 |  | $ | 560
Marine |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Marine Segment |  | ​ | December 31,
(Millions of dollars) |  | ​ | 2022 | ​ | ​ | 2021 | ​ | ​ | 2020
Net sales | ​ | $ | 82 | ​ | $ | 74 | ​ | $ | 66
Net income | ​ | $ | 21 | ​ | $ | 27 | ​ | $ | 8
Total assets | ​ | $ | 256 | ​ | $ | 245 | ​ | $ | 253
Total liabilities | ​ | $ | 61 | ​ | $ | 88 | ​ | $ | 98
Total equity | ​ | $ | 195 | ​ | $ | 157 | ​ | $ | 155
​
Sugar and Alcohol |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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Sugar and Alcohol Segment | ​ | December 31,
(Millions of dollars) |  | 2022 |  | ​ | 2021 |  | ​ | 2020
Net sales | ​ | $ | 8 |  | $ | 6 |  | $ | 7
Net income | ​ | $ | — |  | $ | — |  | $ | 1
Total assets | ​ | $ | 6 |  | $ | 8 |  | $ | 14
Total liabilities | ​ | $ | 2 |  | $ | 1 |  | $ | 2
Total equity | ​ | $ | 4 |  | $ | 7 |  | $ | 12
Power |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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Power Segment | ​ | December 31,
(Millions of dollars) |  | 2022 |  | ​ | 2021 |  | ​ | 2020
Net sales | ​ | $ | 1 |  | $ | 1 |  | $ | 1
Net income | ​ | $ | — |  | $ | 1 |  | $ | —
Total assets | ​ | $ | 9 |  | $ | 12 |  | $ | 12
Total liabilities | ​ | $ | 3 |  | $ | 5 |  | $ | 6
Total equity | ​ | $ | 6 |  | $ | 7 |  | $ | 6
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Turkey |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Turkey Segment | ​ | December 31, | ​
(Millions of dollars) |  | 2022 |  | ​ | 2021 |  | ​ | 2020 | ​
Net sales | ​ | $ | 2,050 |  | $ | 1,792 |  | $ | 1,675 | ​
Operating income (loss) | ​ | $ | 202 | ​ | $ | (34) | ​ | $ | (6) | ​
Net income (loss) | ​ | $ | 196 |  | $ | (38) |  | $ | (20) | ​
Total assets | ​ | $ | 1,081 |  | $ | 991 |  | $ | 993 | ​
Total liabilities | ​ | $ | 406 |  | $ | 517 |  | $ | 481 | ​
Total equity | ​ | $ | 675 |  | $ | 474 |  | $ | 512 | ​

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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