v3.26.1
Inventories (Tables)
3 Months Ended
Apr. 04, 2026
Inventories  
Summary of inventories

April 4,

December 31,

 

(Millions of dollars)

  ​ ​ ​

2026

  ​ ​ ​

2025

At lower of FIFO cost and net realizable value (“NRV”):

Hogs and materials

$

493

$

476

Pork products and materials

 

67

 

66

Grains, oilseeds and other commodities

 

447

 

346

Biofuels and related credits

418

339

Other

 

94

 

77

Total inventories at lower of FIFO cost and NRV

 

1,519

1,304

Grain, flour and feed at lower of weighted average cost and NRV

 

202

 

209

Total inventories

$

1,721

$

1,513