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Inventories

3 Months Ended

Mar. 29, 2025

Inventories

Inventories

Note 3 – Inventories

The following is a summary of inventories:

​

​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
​	​	March 29,		​	December 31,
(Millions of dollars)		2025			2024		​
At lower of FIFO cost and net realizable value (“NRV”):	​	​	​	​	​	​	​
Hogs and materials	​	$	479	​	$	473	​
Pork products and materials	​		65	​		66	​
Grains, oilseeds and other commodities	​		434	​		367	​
Biofuels and related credits	​	​	204	​	​	221	​
Other	​		82	​		64	​
Total inventories at lower of FIFO cost and NRV	​		1,264	​	​	1,191	​
Grain, flour and feed at lower of weighted average cost and NRV	​		204	​		217	​
Total inventories	​	$	1,468	​	$	1,408	​

​

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- References

No definition available.

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- 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

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