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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net sales:      
Total net sales $ 9,100 $ 9,562 $ 11,243
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 8,524 9,246 10,213
Gross income 576 316 1,030
Selling, general and administrative expenses 420 403 373
Operating income (loss) 156 (87) 657
Other income (expense):      
Interest expense (includes $1, $0 and $0 from affiliates) (72) (58) (40)
Interest income (includes $3, $5 and $2 from affiliates) 68 62 32
Income from affiliates 85 105 152
Other investment income (loss), net 19 85 (239)
Foreign currency gains (losses), net (9) (4) 5
Miscellaneous, net (1) 4 12
Total other income (expense), net 90 194 (78)
Earnings before income taxes 246 107 579
Income tax benefit (expense) (156) 120 3
Net earnings 90 227 582
Less: Net earnings attributable to noncontrolling interests (2) (1) (2)
Net earnings attributable to Seaboard $ 88 $ 226 $ 580
Earnings per common share - basic (in dollars per share) $ 90.62 $ 202.21 $ 499.66
Earnings (loss) per common share - diluted (in dollars per share) $ 90.62 $ 202.21 $ 499.66
Average number of shares outstanding - basic (in shares) 971,055 1,117,636 1,160,779
Average number of shares outstanding - diluted (in shares) 971,055 1,117,636 1,160,779
Other comprehensive income, net of income tax expense of $0, $(4) and $(8):      
Foreign currency translation adjustment $ 4 $ (3) $ (33)
Unrecognized pension cost 30 15 43
Other comprehensive income, net of tax 34 12 10
Comprehensive income 124 239 592
Less: Comprehensive income attributable to noncontrolling interests (2) (1) (2)
Comprehensive income attributable to Seaboard 122 238 590
Products      
Net sales:      
Total net sales 7,381 7,754 8,979
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 7,129 7,893 8,707
Services      
Net sales:      
Total net sales 1,473 1,566 2,100
Cost of sales and operating expenses:      
Total cost of sales and operating expenses 1,227 1,194 1,369
Other      
Net sales:      
Total net sales 246 242 164
Cost of sales and operating expenses:      
Total cost of sales and operating expenses $ 168 $ 159 $ 137