XML 22 R11.htm IDEA: XBRL DOCUMENT v3.24.2

Inventories

6 Months Ended

Jun. 29, 2024

Inventories

Inventories

​

​

Note 3 – Inventories

The following is a summary of inventories:

​

​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
​	​	June 29,		​	December 31,
(Millions of dollars)		2024			2023		​
At lower of FIFO cost and net realizable value (“NRV”):	​	​	​	​	​	​	​
Hogs and materials	​	$	488	​	$	527	​
Pork products and materials	​		64	​		61	​
Grains, oilseeds and other commodities	​		393	​		366	​
Biofuels and related credits	​	​	153	​	​	160	​
Other	​		109	​		124	​
Total inventories at lower of FIFO cost and NRV	​		1,207	​		1,238	​
Grain, flour and feed at lower of weighted average cost and NRV	​		192	​		224	​
Total inventories	​	$	1,399	​	$	1,462	​

​

X

- References

No definition available.

+ Details

Name:	us-gaap_InventoryDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

+ Details

Name:	us-gaap_InventoryDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration