XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Net sales:        
Total net sales $ 2,480 $ 2,209 $ 4,796 $ 4,400
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 2,318 2,080 4,492 4,184
Gross income 162 129 304 216
Selling, general and administrative expenses 110 99 214 206
Operating income 52 30 90 10
Interest expense (18) (17) (28) (29)
Income from affiliates 29 23 42 42
Other income, net 49 10 48 46
Earnings before income taxes 112 46 152 69
Income tax benefit (expense) (8) 15 (16) 14
Net earnings 104 61 136 83
Less: Net earnings attributable to noncontrolling interests (2) 0 (2) 0
Net earnings attributable to Seaboard $ 102 $ 61 $ 134 $ 83
Earnings per common share - basic (in dollars per share) $ 105.22 $ 62.82 $ 138.11 $ 85.47
Earnings per common share - diluted (in dollars per share) $ 105.22 $ 62.82 $ 138.11 $ 85.47
Average number of shares outstanding - basic (in shares) 969,427 971,055 970,228 971,055
Average number of shares outstanding - diluted (in shares) 969,427 971,055 970,228 971,055
Other comprehensive income, net of income tax expense:        
Foreign currency translation adjustment $ 15     $ (2)
Unrecognized pension cost (1)     2
Other comprehensive income, net of tax 14 $ 0    
Comprehensive income 118 61 $ 136 83
Less: Comprehensive income attributable to noncontrolling interests (2) 0 (2) 0
Comprehensive income attributable to Seaboard 116 61 134 83
Products        
Net sales:        
Total net sales 2,020 1,802 3,856 3,594
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 1,954 1,751 3,755 3,520
Services        
Net sales:        
Total net sales 406 348 833 698
Cost of sales and operating expenses:        
Total cost of sales and operating expenses 322 289 651 586
Other        
Net sales:        
Total net sales 54 59 107 108
Cost of sales and operating expenses:        
Total cost of sales and operating expenses $ 42 $ 40 $ 86 $ 78