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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 98 $ 56
Short-term investments 1,075 973
Receivables:    
Trade 569 500
Other (includes $5 and $0 due from affiliates) 166 152
Total receivables 822 779
Allowance for credit losses (31) (30)
Receivables, net 791 749
Inventories 1,408 1,462
Other current assets 146 123
Total current assets 3,518 3,363
Property, plant and equipment, net of accumulated depreciation of $2,162 and $1,956 2,560 2,410
Operating lease right of use assets, net 382 394
Investments in and advances to affiliates 738 731
Goodwill 164 160
Other intangible assets, net 19 26
Deferred tax asset 69 199
Other non-current assets (includes $1 and $2 due from affiliates) 215 283
Total assets 7,665 7,566
Current liabilities:    
Lines of credit 314 255
Accounts payable (includes $31 and $1 to affiliates) 418 400
Accrued compensation and benefits 128 143
Deferred revenue (includes $17 and $28 from affiliates) 83 66
Operating lease liabilities 134 117
Accrued voyage costs 74 56
Other current liabilities 256 298
Total current liabilities 1,407 1,335
Long-term debt, less current maturities 987 997
Long-term operating lease liabilities 276 304
Accrued pension liability 67 74
Deferred tax liability 32 32
Other non-current liabilities 147 190
Total liabilities 2,916 2,932
Commitments and contingent liabilities
Stockholders' equity:    
Common stock of $1 par value. Authorized 1,250,000 shares; issued and outstanding 971,055 shares in 2024 and 2023 1 1
Accumulated other comprehensive loss (376) (410)
Retained earnings 5,104 5,025
Total Seaboard stockholders' equity 4,729 4,616
Noncontrolling interests 20 18
Total equity 4,749 4,634
Total liabilities and stockholders' equity 7,665 7,566
Affiliates    
Receivables:    
Due from affiliates 87 127
Other non-current assets (includes $1 and $2 due from affiliates) $ 1 $ 2