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Inventories (Details) - USD ($) $ in Millions	Mar. 29, 2025	Dec. 31, 2024
At lower of FIFO cost and 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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Carrying amount, net of valuation reserve and adjustment, as of the balance sheet date of biofuels and related credits.

+ References

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Carrying amount, net of valuation reserve and adjustment, as of the balance sheet date of fresh pork and materials.

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Carrying amount, net of valuation reserve and adjustment, as of the balance sheet date of grains and oilseeds.

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Carrying amount, net of valuation reserve and adjustment, as of the balance sheet date of hogs and materials.

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- Definition

The amount of FIFO (first in first out) inventory present at the reporting date when inventory is also valued using different valuation methods.

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- Definition

Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

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Amount, after of valuation reserves and allowances, of inventory, classified as other, expected to be sold, or consumed within one year or operating cycle, if longer.

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The amount of weighted average cost inventory present at the reporting date when inventory is valued using different valuation methods.

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