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Inventories (Details) - USD ($) $ in Millions | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
At lower of FIFO cost and NRV: |  |
Hogs and materials | $ 527 | $ 538
Pork products and materials | 61 | 75
Grains, oilseeds and other commodities | 366 | 475
Biofuels and related credits | 160 | 221
Other | 124 | 104
Total inventories at lower of FIFO cost and NRV | 1,238 | 1,413
Grain, flour and feed at lower of weighted average cost and NRV | 224 | 257
Total inventories | $ 1,462 | $ 1,670

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