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Investments in Affiliates (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Investments in and | ​ | Income (Loss) | ​
​ | ​ | Advances to Affiliates | ​ | from Affiliates | ​
​ |  | December 31, | ​ | Years ended December 31, | ​
(Millions of dollars) |  | 2023 |  | 2022 | ​ | 2023 |  | 2022 |  | 2021 | ​
Pork | ​ | $ | 154 | ​ | $ | 152 | ​ | $ | 32 | ​ | $ | 24 | ​ | $ | 3 | ​
CT&M | ​ | ​ | 164 | ​ | ​ | 210 | ​ | ​ | (18) | ​ | ​ | 21 | ​ | ​ | 18 | ​
Marine | ​ | ​ | 38 | ​ | ​ | 36 | ​ | ​ | 3 | ​ | ​ | 4 | ​ | ​ | 6 | ​
Sugar and Alcohol | ​ |  | 2 | ​ |  | 2 | ​ |  | 1 | ​ |  | — | ​ |  | — | ​
Power | ​ | ​ | 3 | ​ | ​ | 3 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Turkey | ​ |  | 370 | ​ |  | 350 | ​ |  | 87 | ​ |  | 103 | ​ |  | (20) | ​
Segment/Consolidated Totals | ​ | $ | 731 | ​ | $ | 753 | ​ | $ | 105 | ​ | $ | 152 | ​ | $ | 7 | ​
Pork |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pork Segment |  | ​ | December 31,
(Millions of dollars) | ​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2021
Net sales | ​ | $ | 2,205 | ​ | $ | 2,417 | ​ | $ | 2,010
Net income | ​ | $ | 65 | ​ | $ | 48 | ​ | $ | 5
Total assets | ​ | $ | 604 | ​ | $ | 615 | ​ | $ | 584
Total liabilities | ​ | $ | 299 | ​ | $ | 312 | ​ | $ | 302
Total equity | ​ | $ | 305 | ​ | $ | 303 | ​ | $ | 282
Commodity Trading and Milling |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CT&M Segment | ​ | December 31,
(Millions of dollars) |  | 2023 |  | ​ | 2022 |  | ​ | 2021
Net sales | ​ | $ | 3,088 |  | $ | 3,186 |  | $ | 2,766
Net income (loss) | ​ | $ | (79) |  | $ | 40 |  | $ | 47
Total assets | ​ | $ | 960 |  | $ | 1,848 |  | $ | 1,798
Total liabilities | ​ | $ | 569 |  | $ | 1,250 |  | $ | 1,199
Total equity | ​ | $ | 391 |  | $ | 598 |  | $ | 599
Marine |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Marine Segment |  | ​ | December 31,
(Millions of dollars) |  | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2021
Net sales | ​ | $ | 62 | ​ | $ | 82 | ​ | $ | 74
Net income | ​ | $ | 21 | ​ | $ | 21 | ​ | $ | 27
Total assets | ​ | $ | 233 | ​ | $ | 256 | ​ | $ | 245
Total liabilities | ​ | $ | 70 | ​ | $ | 61 | ​ | $ | 88
Total equity | ​ | $ | 163 | ​ | $ | 195 | ​ | $ | 157
Sugar and Alcohol |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sugar and Alcohol Segment | ​ | December 31,
(Millions of dollars) |  | 2023 |  | ​ | 2022 |  | ​ | 2021
Net sales | ​ | $ | 7 |  | $ | 8 |  | $ | 6
Net income | ​ | $ | 1 |  | $ | — |  | $ | —
Total assets | ​ | $ | 6 |  | $ | 6 |  | $ | 8
Total liabilities | ​ | $ | 2 |  | $ | 2 |  | $ | 1
Total equity | ​ | $ | 4 |  | $ | 4 |  | $ | 7
Power |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Power Segment | ​ | December 31,
(Millions of dollars) |  | 2023 |  | ​ | 2022 |  | ​ | 2021
Net sales | ​ | $ | — |  | $ | 1 |  | $ | 1
Net income | ​ | $ | — |  | $ | — |  | $ | 1
Total assets | ​ | $ | 9 |  | $ | 9 |  | $ | 12
Total liabilities | ​ | $ | 3 |  | $ | 3 |  | $ | 5
Total equity | ​ | $ | 6 |  | $ | 6 |  | $ | 7
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Turkey |
Investments in Affiliates |
Schedule of non-consolidated affiliates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Turkey Segment | ​ | December 31, | ​
(Millions of dollars) |  | 2023 |  | ​ | 2022 |  | ​ | 2021 | ​
Net sales | ​ | $ | 2,025 |  | $ | 2,050 |  | $ | 1,792 | ​
Operating income (loss) | ​ | $ | 182 | ​ | $ | 202 | ​ | $ | (34) | ​
Net income (loss) | ​ | $ | 166 |  | $ | 196 |  | $ | (38) | ​
Total assets | ​ | $ | 1,120 |  | $ | 1,081 |  | $ | 991 | ​
Total liabilities | ​ | $ | 408 |  | $ | 406 |  | $ | 517 | ​
Total equity | ​ | $ | 712 |  | $ | 675 |  | $ | 474 | ​
​

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