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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Information |
Summary of sales disaggregated by revenue source and segment | ​
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Net Sales: | ​ | ​ | Year ended December 31, 2023 | ​
(Millions of dollars) | ​ | ​ | Pork | ​ | ​ | CT&M | ​ | ​ | Marine | ​ | ​ | Sugar and Alcohol | ​ | ​ | Power | ​ | ​ | All Other | ​ | ​ | Consolidated Totals | ​
Major Products/Services Lines: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Products | ​ | $ | 1,761 | ​ | $ | 5,125 | ​ | $ | — | ​ | $ | 154 | ​ | $ | — | ​ | $ | 9 | ​ | $ | 7,049 | ​
Transportation | ​ | ​ | 13 | ​ | ​ | — | ​ | ​ | 1,499 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3 | ​ | ​ | 1,515 | ​
Energy | ​ | ​ | 705 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5 | ​ | ​ | 237 | ​ | ​ | — | ​ | ​ | 947 | ​
Other | ​ | ​ | 37 | ​ | ​ | 14 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 51 | ​
Segment/consolidated totals | ​ | $ | 2,516 | ​ | $ | 5,139 | ​ | $ | 1,499 | ​ | $ | 159 | ​ | $ | 237 | ​ | $ | 12 | ​ | $ | 9,562 | ​
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Net Sales: | ​ | ​ | Year ended December 31, 2022
(Millions of dollars) | ​ | ​ | Pork | ​ | ​ | CT&M | ​ | ​ | Marine | ​ | ​ | Sugar and Alcohol | ​ | ​ | Power | ​ | ​ | All Other | ​ | ​ | Consolidated Totals | ​
Major Products/Services Lines: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Products | ​ | $ | 1,954 | ​ | $ | 6,275 | ​ | $ | — | ​ | $ | 123 | ​ | $ | — | ​ | $ | 16 | ​ | $ | 8,368 | ​
Transportation | ​ | ​ | 11 | ​ | ​ | — | ​ | ​ | 2,043 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2 | ​ | ​ | 2,056 | ​
Energy | ​ | ​ | 611 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6 | ​ | ​ | 158 | ​ | ​ | — | ​ | ​ | 775 | ​
Other | ​ | ​ | 29 | ​ | ​ | 15 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 44 | ​
Segment/consolidated totals | ​ | $ | 2,605 | ​ | $ | 6,290 | ​ | $ | 2,043 | ​ | $ | 129 | ​ | $ | 158 | ​ | $ | 18 | ​ | $ | 11,243 | ​
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Net Sales: | ​ | ​ | Year ended December 31, 2021 | ​
(Millions of dollars) | ​ | ​ | Pork | ​ | ​ | CT&M | ​ | ​ | Marine | ​ | ​ | Sugar and Alcohol | ​ | ​ | Power | ​ | ​ | All Other | ​ | ​ | Consolidated Totals | ​
Major Products/Services Lines: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Products | ​ | $ | 2,091 | ​ | $ | 5,139 | ​ | $ | — | ​ | $ | 113 | ​ | $ | — | ​ | $ | 14 | ​ | $ | 7,357 | ​
Transportation | ​ | ​ | 8 | ​ | ​ | — | ​ | ​ | 1,396 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | 1,405 | ​
Energy | ​ | ​ | 357 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 10 | ​ | ​ | 60 | ​ | ​ | — | ​ | ​ | 427 | ​
Other | ​ | ​ | 25 | ​ | ​ | 15 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 40 | ​
Segment/consolidated totals | ​ | $ | 2,481 | ​ | $ | 5,154 | ​ | $ | 1,396 | ​ | $ | 123 | ​ | $ | 60 | ​ | $ | 15 | ​ | $ | 9,229 | ​
Summary of specific financial information related to operating income (loss) | ​
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Operating Income (Loss): |  | Years ended December 31, | ​
(Millions of dollars) |  | 2023 |  | 2022 |  | 2021 | ​
Pork | ​ | $ | (528) | ​ | $ | (96) | ​ | $ | 227 | ​
CT&M | ​ |  | 145 | ​ |  | 151 | ​ |  | 61 | ​
Marine | ​ |  | 228 | ​ |  | 591 | ​ |  | 197 | ​
Sugar and Alcohol | ​ |  | 18 | ​ |  | 11 | ​ |  | 2 | ​
Power | ​ |  | 71 | ​ |  | 14 | ​ |  | (9) | ​
All other | ​ |  | — | ​ |  | 1 | ​ |  | 1 | ​
Segment totals | ​ |  | (66) | ​ |  | 672 | ​ |  | 479 | ​
Corporate | ​ |  | (21) | ​ |  | (15) | ​ |  | (21) | ​
Consolidated totals | ​ | $ | (87) | ​ | $ | 657 | ​ | $ | 458 | ​
Summary of specific financial information related to total assets | ​
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Total Assets: | ​ |  | December 31,
(Millions of dollars) |  |  | 2023 |  | 2022
Pork | ​ | ​ | $ | 2,721 | ​ | $ | 2,698
CT&M | ​ | ​ |  | 1,590 | ​ |  | 1,915
Marine | ​ | ​ |  | 847 | ​ |  | 882
Sugar and Alcohol | ​ | ​ |  | 179 | ​ |  | 165
Power | ​ | ​ |  | 337 | ​ |  | 342
Turkey | ​ | ​ |  | 360 | ​ |  | 350
All other | ​ | ​ |  | 4 | ​ |  | 6
Segment totals | ​ | ​ |  | 6,038 | ​ |  | 6,358
Corporate | ​ | ​ |  | 1,528 | ​ |  | 1,544
Consolidated totals | ​ | ​ | $ | 7,566 | ​ | $ | 7,902
Summary of specific financial information related to capital expenditures | ​
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Capital Expenditures: | ​ | Years ended December 31, | ​
(Millions of dollars) |  | 2023 |  | 2022 |  | 2021 | ​
Pork | ​ | $ | 361 | ​ | $ | 315 | ​ | $ | 343 | ​
CT&M | ​ |  | 7 | ​ |  | 14 | ​ |  | 17 | ​
Marine | ​ |  | 121 | ​ |  | 136 | ​ |  | 44 | ​
Sugar and Alcohol | ​ |  | 10 | ​ |  | 9 | ​ |  | 8 | ​
Power | ​ |  | 3 | ​ |  | — | ​ |  | 43 | ​
All other | ​ |  | 1 | ​ |  | — | ​ |  | 1 | ​
Segment totals | ​ |  | 503 | ​ |  | 474 | ​ |  | 456 | ​
Corporate | ​ |  | 3 | ​ |  | — | ​ |  | 4 | ​
Consolidated totals | ​ | $ | 506 | ​ | $ | 474 | ​ | $ | 460 | ​
Geographic summary of net sales based on the location of product delivery | ​
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​ | ​ | Years ended December 31,
(Millions of dollars) |  | 2023 |  | 2022 |  | 2021
Caribbean, Central and South America | ​ | $ | 4,197 | ​ | $ | 5,054 | ​ | $ | 3,566
Africa | ​ |  | 2,586 | ​ |  | 3,107 | ​ |  | 2,685
United States (a) | ​ |  | 2,102 | ​ |  | 2,181 | ​ |  | 2,031
Pacific Basin and Far East | ​ |  | 325 | ​ |  | 490 | ​ |  | 545
Canada/Mexico | ​ | ​ | 289 | ​ | ​ | 338 | ​ | ​ | 309
Europe | ​ |  | 59 | ​ |  | 71 | ​ |  | 86
All other | ​ |  | 4 | ​ |  | 2 | ​ |  | 7
Total sales | ​ | $ | 9,562 | ​ | $ | 11,243 | ​ | $ | 9,229
(a)For Marine segment services on product delivery to the U.S., geographic location is based on origination port.
Geographic summary of the entity's property, plant and equipment according to their physical location and primary port for the vessels |
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​ | ​ | December 31, | ​
(Millions of dollars) |  | 2023 |  | 2022 | ​
United States | ​ | $ | 1,795 | ​ | $ | 1,682 | ​
Dominican Republic | ​ |  | 261 | ​ |  | 281 | ​
Argentina | ​ |  | 60 | ​ |  | 59 | ​
China (a) | ​ | ​ | 117 | ​ | ​ | 35 | ​
Ivory Coast | ​ | ​ | 34 | ​ | ​ | 33 | ​
Senegal | ​ | ​ | 32 | ​ | ​ | 32 | ​
Zambia | ​ | ​ | 23 | ​ | ​ | 31 | ​
All other | ​ |  | 88 | ​ |  | 93 | ​
Total property, plant and equipment, net | ​ | $ | 2,410 | ​ | $ | 2,246 | ​
(a)Represents vessels under construction for the Marine segment.

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