XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.24.3

Investments | 9 Months Ended
--- | ---
Sep. 28, 2024
Investments |
Investments | Note 2 – Investments The following is a summary of the estimated fair value of short-term investments classified as trading securities: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 28, | ​ | December 31, |
(Millions of dollars) |  | 2024 | ​ | 2023 |
Domestic equity securities | ​ | $ | 218 | ​ | $ | 143 | ​
Foreign equity securities | ​ |  | 108 | ​ |  | 96 | ​
Domestic debt securities | ​ | ​ | 620 | ​ | ​ | 593 | ​
Foreign debt securities | ​ | ​ | 127 | ​ | ​ | 120 | ​
Money market funds held in trading accounts | ​ | ​ | 18 | ​ | ​ | 17 | ​
Other trading securities | ​ | ​ | 5 | ​ | ​ | 4 | ​
Total trading short-term investments | ​ | $ | 1,096 | ​ | $ | 973 | ​
​ The unrealized gain (loss) related to trading securities still held at the end of the respective reporting period was $27 million and $44 million for the three- and nine-month periods ended September 28, 2024, respectively, and ($1) million and $28 million for the three- and nine-month periods ended September 30, 2023, respectively. Seaboard had $31 million and $18 million of short-term investments denominated in foreign currencies, primarily euros, as of September 28, 2024 and December 31, 2023, respectively. As of September 28, 2024, Seaboard had long-term investments of $135 million in real estate and renewable energy facilities, classified in other non-current assets on the condensed consolidated balance sheet. As of December 31, 2023, Seaboard had long-term investments of $207 million which included an investment of $68 million in a business development company (“BDC”). The BDC completed an initial public offering (“IPO”) and became a publicly traded company on the NYSE during the first quarter of 2024. Seaboard’s securities in this BDC are subject to standard contractual sale restrictions associated with an IPO. These sale restrictions have phased expiration dates, with all restrictions expiring by February 2025. As of September 28, 2024, the BDC securities are included in short-term investments on the condensed consolidated balance sheet and in domestic equity securities in the table above. The reclassification of these securities from long-term investments to short-term investments was a non-cash activity on the condensed consolidated statement of cash flows.

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/940-320/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph b -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-10 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/942-320/tableOfContent + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ShortTermInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration