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The Company recorded a valuation allowance of $ 123 million related to the tax impact of the Spirit transaction costs, of which $ 105 million was recorded in 2024 and $ 18 million was recorded in 2023. Refer to Note 8 for further detail. | text | 123 | monetaryItemType | text: <entity> 123 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded a valuation allowance of $ 123 million related to the tax impact of the Spirit transaction costs, of which $ 105 million was recorded in 2024 and $ 18 million was recorded in 2023. Refer to Note 8 for further detail. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
The Company recorded a valuation allowance of $ 123 million related to the tax impact of the Spirit transaction costs, of which $ 105 million was recorded in 2024 and $ 18 million was recorded in 2023. Refer to Note 8 for further detail. | text | 105 | monetaryItemType | text: <entity> 105 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded a valuation allowance of $ 123 million related to the tax impact of the Spirit transaction costs, of which $ 105 million was recorded in 2024 and $ 18 million was recorded in 2023. Refer to Note 8 for further detail. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
The Company recorded a valuation allowance of $ 123 million related to the tax impact of the Spirit transaction costs, of which $ 105 million was recorded in 2024 and $ 18 million was recorded in 2023. Refer to Note 8 for further detail. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded a valuation allowance of $ 123 million related to the tax impact of the Spirit transaction costs, of which $ 105 million was recorded in 2024 and $ 18 million was recorded in 2023. Refer to Note 8 for further detail. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
Refer to Note 3 for further detail of the $ 3.5 billion Senior Secured Bridge Facility commitment to fund the purchase of Spirit, which was terminated concurrently with the termination of the Merger Agreement. | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> Refer to Note 3 for further detail of the $ 3.5 billion Senior Secured Bridge Facility commitment to fund the purchase of Spirit, which was terminated concurrently with the termination of the Merger Agreement. </context> | us-gaap:DebtInstrumentFaceAmount |
Non-cash activities include capital expenditures of $ 4 million, $ 15 million and $ 5 million that were included in accounts payable as of December 31, 2023, 2022 and 2021, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Non-cash activities include capital expenditures of $ 4 million, $ 15 million and $ 5 million that were included in accounts payable as of December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:CapitalExpendituresIncurredButNotYetPaid |
Non-cash activities include capital expenditures of $ 4 million, $ 15 million and $ 5 million that were included in accounts payable as of December 31, 2023, 2022 and 2021, respectively. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> Non-cash activities include capital expenditures of $ 4 million, $ 15 million and $ 5 million that were included in accounts payable as of December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:CapitalExpendituresIncurredButNotYetPaid |
Non-cash activities include capital expenditures of $ 4 million, $ 15 million and $ 5 million that were included in accounts payable as of December 31, 2023, 2022 and 2021, respectively. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Non-cash activities include capital expenditures of $ 4 million, $ 15 million and $ 5 million that were included in accounts payable as of December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:CapitalExpendituresIncurredButNotYetPaid |
Notes receivable are included in other receivables, if current, and other non-current assets, if long-term. Seaboard’s non-current notes receivable balances, net of reserves, were $ 41 million and $ 40 million as of December 31, 2023 and 2022, respectively. There were notes receivable due from affiliates outstanding of $ 2 million, net as of December 31, 2023 and 2022. Seaboard monitors the credit quality of notes receivable, using the current expected credit loss model. | text | 41 | monetaryItemType | text: <entity> 41 </entity> <entity type> monetaryItemType </entity type> <context> Notes receivable are included in other receivables, if current, and other non-current assets, if long-term. Seaboard’s non-current notes receivable balances, net of reserves, were $ 41 million and $ 40 million as of December 31, 2023 and 2022, respectively. There were notes receivable due from affiliates outstanding of $ 2 million, net as of December 31, 2023 and 2022. Seaboard monitors the credit quality of notes receivable, using the current expected credit loss model. </context> | us-gaap:NotesAndLoansReceivableNetNoncurrent |
Notes receivable are included in other receivables, if current, and other non-current assets, if long-term. Seaboard’s non-current notes receivable balances, net of reserves, were $ 41 million and $ 40 million as of December 31, 2023 and 2022, respectively. There were notes receivable due from affiliates outstanding of $ 2 million, net as of December 31, 2023 and 2022. Seaboard monitors the credit quality of notes receivable, using the current expected credit loss model. | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> Notes receivable are included in other receivables, if current, and other non-current assets, if long-term. Seaboard’s non-current notes receivable balances, net of reserves, were $ 41 million and $ 40 million as of December 31, 2023 and 2022, respectively. There were notes receivable due from affiliates outstanding of $ 2 million, net as of December 31, 2023 and 2022. Seaboard monitors the credit quality of notes receivable, using the current expected credit loss model. </context> | us-gaap:NotesAndLoansReceivableNetNoncurrent |
Amortization of intangible assets was $ 8 million, $ 8 million and $ 9 million for the years ended December 31, 2023, 2022 and 2021, respectively. Using the exchange rates in effect at year-end, estimated amortization of intangible assets as of December 31, 2023 is $ 8 million each year for the next three years and $ 2 million in year four. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of intangible assets was $ 8 million, $ 8 million and $ 9 million for the years ended December 31, 2023, 2022 and 2021, respectively. Using the exchange rates in effect at year-end, estimated amortization of intangible assets as of December 31, 2023 is $ 8 million each year for the next three years and $ 2 million in year four. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization of intangible assets was $ 8 million, $ 8 million and $ 9 million for the years ended December 31, 2023, 2022 and 2021, respectively. Using the exchange rates in effect at year-end, estimated amortization of intangible assets as of December 31, 2023 is $ 8 million each year for the next three years and $ 2 million in year four. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of intangible assets was $ 8 million, $ 8 million and $ 9 million for the years ended December 31, 2023, 2022 and 2021, respectively. Using the exchange rates in effect at year-end, estimated amortization of intangible assets as of December 31, 2023 is $ 8 million each year for the next three years and $ 2 million in year four. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization of intangible assets was $ 8 million, $ 8 million and $ 9 million for the years ended December 31, 2023, 2022 and 2021, respectively. Using the exchange rates in effect at year-end, estimated amortization of intangible assets as of December 31, 2023 is $ 8 million each year for the next three years and $ 2 million in year four. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of intangible assets was $ 8 million, $ 8 million and $ 9 million for the years ended December 31, 2023, 2022 and 2021, respectively. Using the exchange rates in effect at year-end, estimated amortization of intangible assets as of December 31, 2023 is $ 8 million each year for the next three years and $ 2 million in year four. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths |
Amortization of intangible assets was $ 8 million, $ 8 million and $ 9 million for the years ended December 31, 2023, 2022 and 2021, respectively. Using the exchange rates in effect at year-end, estimated amortization of intangible assets as of December 31, 2023 is $ 8 million each year for the next three years and $ 2 million in year four. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of intangible assets was $ 8 million, $ 8 million and $ 9 million for the years ended December 31, 2023, 2022 and 2021, respectively. Using the exchange rates in effect at year-end, estimated amortization of intangible assets as of December 31, 2023 is $ 8 million each year for the next three years and $ 2 million in year four. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour |
Seaboard conducts research and development activities to develop new products and to improve existing products and processes. Seaboard incurred research and development expenses of $ 361 million, $ 210 million and $ 191 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 361 | monetaryItemType | text: <entity> 361 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard conducts research and development activities to develop new products and to improve existing products and processes. Seaboard incurred research and development expenses of $ 361 million, $ 210 million and $ 191 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
Seaboard conducts research and development activities to develop new products and to improve existing products and processes. Seaboard incurred research and development expenses of $ 361 million, $ 210 million and $ 191 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 210 | monetaryItemType | text: <entity> 210 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard conducts research and development activities to develop new products and to improve existing products and processes. Seaboard incurred research and development expenses of $ 361 million, $ 210 million and $ 191 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
Seaboard conducts research and development activities to develop new products and to improve existing products and processes. Seaboard incurred research and development expenses of $ 361 million, $ 210 million and $ 191 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 191 | monetaryItemType | text: <entity> 191 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard conducts research and development activities to develop new products and to improve existing products and processes. Seaboard incurred research and development expenses of $ 361 million, $ 210 million and $ 191 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $ 39 million, ($ 129 ) million and $ 12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $ 18 million and $ 16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively. | text | 39 | monetaryItemType | text: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $ 39 million, ($ 129 ) million and $ 12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $ 18 million and $ 16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DebtSecuritiesTradingUnrealizedGainLoss |
The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $ 39 million, ($ 129 ) million and $ 12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $ 18 million and $ 16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively. | text | 129 | monetaryItemType | text: <entity> 129 </entity> <entity type> monetaryItemType </entity type> <context> The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $ 39 million, ($ 129 ) million and $ 12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $ 18 million and $ 16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DebtSecuritiesTradingUnrealizedGainLoss |
The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $ 39 million, ($ 129 ) million and $ 12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $ 18 million and $ 16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $ 39 million, ($ 129 ) million and $ 12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $ 18 million and $ 16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DebtSecuritiesTradingUnrealizedGainLoss |
The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $ 39 million, ($ 129 ) million and $ 12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $ 18 million and $ 16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $ 39 million, ($ 129 ) million and $ 12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $ 18 million and $ 16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively. </context> | us-gaap:TradingSecurities |
The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $ 39 million, ($ 129 ) million and $ 12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $ 18 million and $ 16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> The unrealized gains (losses) related to trading securities still held at the end of the respective reporting period were $ 39 million, ($ 129 ) million and $ 12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Seaboard had $ 18 million and $ 16 million of short-term investments denominated in foreign currencies as of December 31, 2023 and 2022, respectively. </context> | us-gaap:TradingSecurities |
Seaboard had long-term investments of $ 207 million and $ 185 million as of December 31, 2023 and 2022, respectively, classified in other non-current assets on the consolidated balance sheets. These investments are in a business development | text | 207 | monetaryItemType | text: <entity> 207 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard had long-term investments of $ 207 million and $ 185 million as of December 31, 2023 and 2022, respectively, classified in other non-current assets on the consolidated balance sheets. These investments are in a business development </context> | us-gaap:LongTermInvestments |
Seaboard had long-term investments of $ 207 million and $ 185 million as of December 31, 2023 and 2022, respectively, classified in other non-current assets on the consolidated balance sheets. These investments are in a business development | text | 185 | monetaryItemType | text: <entity> 185 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard had long-term investments of $ 207 million and $ 185 million as of December 31, 2023 and 2022, respectively, classified in other non-current assets on the consolidated balance sheets. These investments are in a business development </context> | us-gaap:LongTermInvestments |
Seaboard’s capitalized interest on construction in progress was $ 17 million, $ 4 million and $ 7 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard’s capitalized interest on construction in progress was $ 17 million, $ 4 million and $ 7 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:InterestCostsCapitalized |
Seaboard’s capitalized interest on construction in progress was $ 17 million, $ 4 million and $ 7 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard’s capitalized interest on construction in progress was $ 17 million, $ 4 million and $ 7 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:InterestCostsCapitalized |
Seaboard’s capitalized interest on construction in progress was $ 17 million, $ 4 million and $ 7 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard’s capitalized interest on construction in progress was $ 17 million, $ 4 million and $ 7 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:InterestCostsCapitalized |
As Seaboard conducts its agricultural commodity trading business with third parties, consolidated subsidiaries and non-consolidated affiliates on an interrelated basis, cost of sales on affiliate sales transactions cannot be distinguished without making numerous assumptions, primarily with respect to mark-to-market accounting for commodity derivatives. Purchases of raw materials or services from related parties included in cost of sales were $ 86 million and $ 91 million for the years ended December 31, 2023 and 2022, respectively. | text | 86 | monetaryItemType | text: <entity> 86 </entity> <entity type> monetaryItemType </entity type> <context> As Seaboard conducts its agricultural commodity trading business with third parties, consolidated subsidiaries and non-consolidated affiliates on an interrelated basis, cost of sales on affiliate sales transactions cannot be distinguished without making numerous assumptions, primarily with respect to mark-to-market accounting for commodity derivatives. Purchases of raw materials or services from related parties included in cost of sales were $ 86 million and $ 91 million for the years ended December 31, 2023 and 2022, respectively. </context> | us-gaap:CostOfGoodsAndServicesSold |
As Seaboard conducts its agricultural commodity trading business with third parties, consolidated subsidiaries and non-consolidated affiliates on an interrelated basis, cost of sales on affiliate sales transactions cannot be distinguished without making numerous assumptions, primarily with respect to mark-to-market accounting for commodity derivatives. Purchases of raw materials or services from related parties included in cost of sales were $ 86 million and $ 91 million for the years ended December 31, 2023 and 2022, respectively. | text | 91 | monetaryItemType | text: <entity> 91 </entity> <entity type> monetaryItemType </entity type> <context> As Seaboard conducts its agricultural commodity trading business with third parties, consolidated subsidiaries and non-consolidated affiliates on an interrelated basis, cost of sales on affiliate sales transactions cannot be distinguished without making numerous assumptions, primarily with respect to mark-to-market accounting for commodity derivatives. Purchases of raw materials or services from related parties included in cost of sales were $ 86 million and $ 91 million for the years ended December 31, 2023 and 2022, respectively. </context> | us-gaap:CostOfGoodsAndServicesSold |
The Pork segment has investments in Seaboard Triumph Foods, LLC (“STF”) ( 50 %), which operates a pork processing plant, Daily’s Premium Meats, LLC (“Daily’s”) ( 50 %), which produces raw and pre-cooked bacon, and Seaboard de Mexico USA LLC (“Seaboard de Mexico”) ( 50 %), which debones hams. Seaboard’s Pork segment supplies raw materials to Daily’s, STF and Seaboard de Mexico for processing and also provides marketing services to Daily’s and STF for its pork products. STF supplies feedstock for the Pork segment’s renewable diesel operations. On January 1, 2022, Seaboard sold a 50 % interest in Seaboard de Mexico to Triumph Foods, LLC, a partner in the Pork segment’s other joint ventures, for cash proceeds of approximately $ 9 million, net of cash sold. Combined financial information for the Pork segment’s non-consolidated affiliates was as follows: | text | 50 | percentItemType | text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> The Pork segment has investments in Seaboard Triumph Foods, LLC (“STF”) ( 50 %), which operates a pork processing plant, Daily’s Premium Meats, LLC (“Daily’s”) ( 50 %), which produces raw and pre-cooked bacon, and Seaboard de Mexico USA LLC (“Seaboard de Mexico”) ( 50 %), which debones hams. Seaboard’s Pork segment supplies raw materials to Daily’s, STF and Seaboard de Mexico for processing and also provides marketing services to Daily’s and STF for its pork products. STF supplies feedstock for the Pork segment’s renewable diesel operations. On January 1, 2022, Seaboard sold a 50 % interest in Seaboard de Mexico to Triumph Foods, LLC, a partner in the Pork segment’s other joint ventures, for cash proceeds of approximately $ 9 million, net of cash sold. Combined financial information for the Pork segment’s non-consolidated affiliates was as follows: </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 50 | percentItemType | text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 18.47 | percentItemType | text: <entity> 18.47 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 49 | percentItemType | text: <entity> 49 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 33.33 | percentItemType | text: <entity> 33.33 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 25 | percentItemType | text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 48.33 | percentItemType | text: <entity> 48.33 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 11.76 | percentItemType | text: <entity> 11.76 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 14.35 | percentItemType | text: <entity> 14.35 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 40 | percentItemType | text: <entity> 40 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 42 | percentItemType | text: <entity> 42 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 23.33 | percentItemType | text: <entity> 23.33 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 45 | percentItemType | text: <entity> 45 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 20 | percentItemType | text: <entity> 20 </entity> <entity type> percentItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity |
The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> The CT&M segment has investments in foreign businesses conducting flour, maize and feed milling, baking operations, protein production and processing, and agricultural commodity trading. The CT&M segment supplies commodities to the majority of its milling affiliates. As of December 31, 2023, the location and percentage ownership of CT&M’s affiliates were as follows: Botswana ( 50 %), Democratic Republic of Congo ( 50 %), Gambia ( 50 %), Kenya ( 18.47 %- 49 %), Lesotho ( 50 %), Mauritania ( 33.33 %), Nigeria ( 25 %- 48.33 %), Senegal ( 49 %), South Africa ( 50 %), Tanzania ( 11.76 %- 49 %), Uganda ( 14.35 %- 49 %) and Zambia ( 49 %) in Africa; Colombia ( 40 %- 42 %), Ecuador ( 25 %- 50 %), Guyana ( 50 %), and Peru ( 50 %) in South America; Jamaica ( 50 %) and Haiti ( 23.33 %) in the Caribbean; Turkey ( 25 %) in Europe; and Canada ( 45 %) and the U.S. ( 20 %) in North America. As of December 31, 2023, the CT&M segment’s carrying value of certain investments in affiliates was more than its share of the affiliates’ book value by $ 24 million. The excess is attributable primarily to the valuation of property, plant and equipment and intangible assets, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During the fourth quarter of 2023, this segment lost significant influence of its Moroccan investments that had an aggregate value of $ 11 million at December 31, 2023, and as a result, these affiliates are accounted for under the cost method of accounting as of December 31, 2023 and their balance sheet information is not included below. During 2022, this segment sold a 20 % interest in its North American protein and commodity trading company to the majority owner for cash proceeds of $ 12 million. </context> | us-gaap:LongTermInvestments |
The Marine segment has an investment in a port terminal business in the Caribbean ( 21.02 %) which provides terminal and stevedoring services to the Marine segment. As of December 31, 2023, the Marine segment’s carrying value of the investment in affiliates was less than its share of the affiliate’s book value by $ 17 million. The difference is attributable primarily to the valuation of property, plant and equipment due to different accounting methods, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During 2023, this segment lost significant influence of an affiliate, and as a result, the investment is accounted for under the cost method of accounting as of December 31, 2023 and its financial information is not included below. Combined financial information for the Marine segment’s non-consolidated affiliates was as follows: | text | 21.02 | percentItemType | text: <entity> 21.02 </entity> <entity type> percentItemType </entity type> <context> The Marine segment has an investment in a port terminal business in the Caribbean ( 21.02 %) which provides terminal and stevedoring services to the Marine segment. As of December 31, 2023, the Marine segment’s carrying value of the investment in affiliates was less than its share of the affiliate’s book value by $ 17 million. The difference is attributable primarily to the valuation of property, plant and equipment due to different accounting methods, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During 2023, this segment lost significant influence of an affiliate, and as a result, the investment is accounted for under the cost method of accounting as of December 31, 2023 and its financial information is not included below. Combined financial information for the Marine segment’s non-consolidated affiliates was as follows: </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The Marine segment has an investment in a port terminal business in the Caribbean ( 21.02 %) which provides terminal and stevedoring services to the Marine segment. As of December 31, 2023, the Marine segment’s carrying value of the investment in affiliates was less than its share of the affiliate’s book value by $ 17 million. The difference is attributable primarily to the valuation of property, plant and equipment due to different accounting methods, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During 2023, this segment lost significant influence of an affiliate, and as a result, the investment is accounted for under the cost method of accounting as of December 31, 2023 and its financial information is not included below. Combined financial information for the Marine segment’s non-consolidated affiliates was as follows: | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> The Marine segment has an investment in a port terminal business in the Caribbean ( 21.02 %) which provides terminal and stevedoring services to the Marine segment. As of December 31, 2023, the Marine segment’s carrying value of the investment in affiliates was less than its share of the affiliate’s book value by $ 17 million. The difference is attributable primarily to the valuation of property, plant and equipment due to different accounting methods, with basis adjustments amortized to income (loss) from affiliates over the remaining life of the assets. During 2023, this segment lost significant influence of an affiliate, and as a result, the investment is accounted for under the cost method of accounting as of December 31, 2023 and its financial information is not included below. Combined financial information for the Marine segment’s non-consolidated affiliates was as follows: </context> | us-gaap:EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity |
The Sugar and Alcohol segment has investments in two sugar-related businesses in Argentina ( 50 %). Combined financial information for the Sugar and Alcohol segment’s non-consolidated affiliates was as follows: | text | 50 | percentItemType | text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> The Sugar and Alcohol segment has investments in two sugar-related businesses in Argentina ( 50 %). Combined financial information for the Sugar and Alcohol segment’s non-consolidated affiliates was as follows: </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The Power segment has investments in two energy-related businesses in the Dominican Republic ( 45 % and 50 %). Combined financial information for the Power segment’s non-consolidated affiliates was as follows: | text | 45 | percentItemType | text: <entity> 45 </entity> <entity type> percentItemType </entity type> <context> The Power segment has investments in two energy-related businesses in the Dominican Republic ( 45 % and 50 %). Combined financial information for the Power segment’s non-consolidated affiliates was as follows: </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The Power segment has investments in two energy-related businesses in the Dominican Republic ( 45 % and 50 %). Combined financial information for the Power segment’s non-consolidated affiliates was as follows: | text | 50 | percentItemType | text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> The Power segment has investments in two energy-related businesses in the Dominican Republic ( 45 % and 50 %). Combined financial information for the Power segment’s non-consolidated affiliates was as follows: </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The Turkey segment represents Seaboard’s investment of 52.5 % in Butterball. Seaboard does not have control of Butterball and all significant corporate governance matters are equally shared between Seaboard and its partner in Butterball. Within total assets, Butterball had trade name intangible assets of $ 111 million and goodwill of $ 61 million as of December 31, 2023. Butterball’s financial information was as follows: | text | 52.5 | percentItemType | text: <entity> 52.5 </entity> <entity type> percentItemType </entity type> <context> The Turkey segment represents Seaboard’s investment of 52.5 % in Butterball. Seaboard does not have control of Butterball and all significant corporate governance matters are equally shared between Seaboard and its partner in Butterball. Within total assets, Butterball had trade name intangible assets of $ 111 million and goodwill of $ 61 million as of December 31, 2023. Butterball’s financial information was as follows: </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. </context> | us-gaap:LineOfCredit |
The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. | text | 326 | monetaryItemType | text: <entity> 326 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. </context> | us-gaap:LineOfCredit |
The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. | text | 70 | monetaryItemType | text: <entity> 70 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. </context> | us-gaap:LineOfCredit |
The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. | text | 57 | monetaryItemType | text: <entity> 57 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. </context> | us-gaap:LineOfCredit |
The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. | text | 194 | monetaryItemType | text: <entity> 194 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. </context> | us-gaap:LineOfCredit |
The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. | text | 174 | monetaryItemType | text: <entity> 174 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. </context> | us-gaap:LineOfCredit |
The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> The outstanding balances under uncommitted lines of credit were $ 150 million and $ 326 million as of December 31, 2023 and 2022, respectively. Of the outstanding balance as of December 31, 2023, $ 70 million was denominated in foreign currencies, with $ 57 million denominated in the South African rand. Of the outstanding balance as of December 31, 2022, $ 194 million was denominated in foreign currencies, with $ 174 million denominated in the South African rand. The uncommitted lines of credit are unsecured and do not require compensating balances with the exception of $ 5 million as of December 31, 2023. </context> | us-gaap:SecuredDebt |
Seaboard has a committed $ 450 million line of credit secured by certain short-term investments that matures March 28, 2025. Draws bear interest at the Secured Overnight Financing Rate (“SOFR”) plus a spread. The outstanding balances under this committed line of credit were $ 105 million and $ 131 million as of December 31, 2023 and December 31, 2022, respectively. During the first quarter of 2023, Seaboard amended and restated this committed line of credit agreement to increase the borrowing capacity and extend the maturity date. | text | 450 | monetaryItemType | text: <entity> 450 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard has a committed $ 450 million line of credit secured by certain short-term investments that matures March 28, 2025. Draws bear interest at the Secured Overnight Financing Rate (“SOFR”) plus a spread. The outstanding balances under this committed line of credit were $ 105 million and $ 131 million as of December 31, 2023 and December 31, 2022, respectively. During the first quarter of 2023, Seaboard amended and restated this committed line of credit agreement to increase the borrowing capacity and extend the maturity date. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
Seaboard has a committed $ 450 million line of credit secured by certain short-term investments that matures March 28, 2025. Draws bear interest at the Secured Overnight Financing Rate (“SOFR”) plus a spread. The outstanding balances under this committed line of credit were $ 105 million and $ 131 million as of December 31, 2023 and December 31, 2022, respectively. During the first quarter of 2023, Seaboard amended and restated this committed line of credit agreement to increase the borrowing capacity and extend the maturity date. | text | 105 | monetaryItemType | text: <entity> 105 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard has a committed $ 450 million line of credit secured by certain short-term investments that matures March 28, 2025. Draws bear interest at the Secured Overnight Financing Rate (“SOFR”) plus a spread. The outstanding balances under this committed line of credit were $ 105 million and $ 131 million as of December 31, 2023 and December 31, 2022, respectively. During the first quarter of 2023, Seaboard amended and restated this committed line of credit agreement to increase the borrowing capacity and extend the maturity date. </context> | us-gaap:LineOfCredit |
Seaboard has a committed $ 450 million line of credit secured by certain short-term investments that matures March 28, 2025. Draws bear interest at the Secured Overnight Financing Rate (“SOFR”) plus a spread. The outstanding balances under this committed line of credit were $ 105 million and $ 131 million as of December 31, 2023 and December 31, 2022, respectively. During the first quarter of 2023, Seaboard amended and restated this committed line of credit agreement to increase the borrowing capacity and extend the maturity date. | text | 131 | monetaryItemType | text: <entity> 131 </entity> <entity type> monetaryItemType </entity type> <context> Seaboard has a committed $ 450 million line of credit secured by certain short-term investments that matures March 28, 2025. Draws bear interest at the Secured Overnight Financing Rate (“SOFR”) plus a spread. The outstanding balances under this committed line of credit were $ 105 million and $ 131 million as of December 31, 2023 and December 31, 2022, respectively. During the first quarter of 2023, Seaboard amended and restated this committed line of credit agreement to increase the borrowing capacity and extend the maturity date. </context> | us-gaap:LineOfCredit |
The weighted-average interest rate for outstanding lines of credit was 7.34 % and 7.03 % as of December 31, 2023 and 2022, respectively. | text | 7.34 | percentItemType | text: <entity> 7.34 </entity> <entity type> percentItemType </entity type> <context> The weighted-average interest rate for outstanding lines of credit was 7.34 % and 7.03 % as of December 31, 2023 and 2022, respectively. </context> | us-gaap:ShortTermDebtWeightedAverageInterestRate |
The weighted-average interest rate for outstanding lines of credit was 7.34 % and 7.03 % as of December 31, 2023 and 2022, respectively. | text | 7.03 | percentItemType | text: <entity> 7.03 </entity> <entity type> percentItemType </entity type> <context> The weighted-average interest rate for outstanding lines of credit was 7.34 % and 7.03 % as of December 31, 2023 and 2022, respectively. </context> | us-gaap:ShortTermDebtWeightedAverageInterestRate |
On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. | text | 700 | monetaryItemType | text: <entity> 700 </entity> <entity type> monetaryItemType </entity type> <context> On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DebtInstrumentFaceAmount |
On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. | text | 975 | monetaryItemType | text: <entity> 975 </entity> <entity type> monetaryItemType </entity type> <context> On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DebtInstrumentFaceAmount |
On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. | text | 307 | monetaryItemType | text: <entity> 307 </entity> <entity type> monetaryItemType </entity type> <context> On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. </context> | us-gaap:ProceedsFromDebtNetOfIssuanceCosts |
On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DebtInstrumentPeriodicPaymentPrincipal |
On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. | text | 7.08 | percentItemType | text: <entity> 7.08 </entity> <entity type> percentItemType </entity type> <context> On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. | text | 6.01 | percentItemType | text: <entity> 6.01 </entity> <entity type> percentItemType </entity type> <context> On November 10, 2023, Seaboard Foods LLC (“Seaboard Foods”), a wholly owned subsidiary of Seaboard, entered into a Second Amended and Restated Term Loan Credit Agreement (“Amended Credit Agreement”) with CoBank, ACB, Farm Credit Services of America, PCA, and the lenders party thereto. The Amended Credit Agreement replaced the $ 700 million unsecured term loan (“Term Loan due 2028”) with a $ 975 million unsecured term loan (“Term Loan due 2033”) and extended the maturity from September 25, 2028 to November 10, 2033. Upon closing, Seaboard received proceeds of $ 307 million, net of certain costs, of which some were capitalized and are amortized to interest expense using the effective interest method over the term of the agreement. The Term Loan due 2033 provides for quarterly amortization of the principal balance of $ 2.5 million with the balance due on the maturity date. The Term Loan due 2033 bears interest at one of four options selected by the borrower, including fluctuating rates based on various margins over a Base Rate, Term SOFR, Daily Simple SOFR or a fixed Quoted Rate. The interest rate was 7.08 % and 6.01 % as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
In conjunction with the purchase of certain equipment during 2021, $ 9 million of secured, other long-term debt was assumed. The loan agreement incurs a fixed interest rate of 5.60 % and matures in August 2037. Also, Seaboard has a note payable of $ 30 million that incurs a fixed interest rate of 1.28 % and matures in 2027. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> In conjunction with the purchase of certain equipment during 2021, $ 9 million of secured, other long-term debt was assumed. The loan agreement incurs a fixed interest rate of 5.60 % and matures in August 2037. Also, Seaboard has a note payable of $ 30 million that incurs a fixed interest rate of 1.28 % and matures in 2027. </context> | us-gaap:NoncashOrPartNoncashAcquisitionDebtAssumed1 |
In conjunction with the purchase of certain equipment during 2021, $ 9 million of secured, other long-term debt was assumed. The loan agreement incurs a fixed interest rate of 5.60 % and matures in August 2037. Also, Seaboard has a note payable of $ 30 million that incurs a fixed interest rate of 1.28 % and matures in 2027. | text | 5.60 | percentItemType | text: <entity> 5.60 </entity> <entity type> percentItemType </entity type> <context> In conjunction with the purchase of certain equipment during 2021, $ 9 million of secured, other long-term debt was assumed. The loan agreement incurs a fixed interest rate of 5.60 % and matures in August 2037. Also, Seaboard has a note payable of $ 30 million that incurs a fixed interest rate of 1.28 % and matures in 2027. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In conjunction with the purchase of certain equipment during 2021, $ 9 million of secured, other long-term debt was assumed. The loan agreement incurs a fixed interest rate of 5.60 % and matures in August 2037. Also, Seaboard has a note payable of $ 30 million that incurs a fixed interest rate of 1.28 % and matures in 2027. | text | 30 | monetaryItemType | text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> In conjunction with the purchase of certain equipment during 2021, $ 9 million of secured, other long-term debt was assumed. The loan agreement incurs a fixed interest rate of 5.60 % and matures in August 2037. Also, Seaboard has a note payable of $ 30 million that incurs a fixed interest rate of 1.28 % and matures in 2027. </context> | us-gaap:DebtInstrumentFaceAmount |
In conjunction with the purchase of certain equipment during 2021, $ 9 million of secured, other long-term debt was assumed. The loan agreement incurs a fixed interest rate of 5.60 % and matures in August 2037. Also, Seaboard has a note payable of $ 30 million that incurs a fixed interest rate of 1.28 % and matures in 2027. | text | 1.28 | percentItemType | text: <entity> 1.28 </entity> <entity type> percentItemType </entity type> <context> In conjunction with the purchase of certain equipment during 2021, $ 9 million of secured, other long-term debt was assumed. The loan agreement incurs a fixed interest rate of 5.60 % and matures in August 2037. Also, Seaboard has a note payable of $ 30 million that incurs a fixed interest rate of 1.28 % and matures in 2027. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths |
The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo |
The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree |
The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. | text | 41 | monetaryItemType | text: <entity> 41 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour |
The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive |
The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. | text | 927 | monetaryItemType | text: <entity> 927 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate minimum principal payments required on long-term debt as of December 31, 2023 were as follows: $ 11 million in 2024, $ 11 million in 2025, $ 11 million in 2026, $ 41 million in 2027, $ 11 million in 2028 and $ 927 million thereafter. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive |
On June 28, 2018, twelve indirect purchasers of pork products filed a class action complaint in the U.S. District Court for the District of Minnesota (the “Minnesota District Court”) against several pork processors, including Seaboard Foods LLC (“Seaboard Foods”) and Agri Stats, Inc., a company described in the complaint as a data sharing service. The complaint also named Seaboard Corporation as a defendant. Additional class action complaints with similar claims on behalf of putative classes of direct and indirect purchasers were later filed in the Minnesota District Court, and three additional actions by standalone plaintiffs (including the Commonwealth of Puerto Rico) were filed in or transferred to the Minnesota District Court. The consolidated actions are styled In re Pork Antitrust Litigation. The complaints allege, among other things, that beginning in January 2009, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of pork products in violation of U.S. antitrust laws by coordinating output and limiting production, allegedly facilitated by the exchange of non-public information about prices, capacity, sales volume and demand through Agri Stats, Inc. The complaints on behalf of the putative classes of indirect purchasers also assert claims under various state laws, including state antitrust laws, unfair competition laws, consumer protection statutes, and common law unjust enrichment. The relief sought in the respective complaints includes treble damages, injunctive relief, pre- and post-judgment interest, costs and attorneys’ fees. On October 16, 2020, the Minnesota District Court denied the defendants’ motions to dismiss the amended complaints, but the Minnesota District Court later dismissed all claims against Seaboard Corporation without prejudice. On March 3, 2023, the Minnesota District Court granted the Plaintiffs’ Motions to Certify the Classes with respect to all three classes. | text | twelve | integerItemType | text: <entity> twelve </entity> <entity type> integerItemType </entity type> <context> On June 28, 2018, twelve indirect purchasers of pork products filed a class action complaint in the U.S. District Court for the District of Minnesota (the “Minnesota District Court”) against several pork processors, including Seaboard Foods LLC (“Seaboard Foods”) and Agri Stats, Inc., a company described in the complaint as a data sharing service. The complaint also named Seaboard Corporation as a defendant. Additional class action complaints with similar claims on behalf of putative classes of direct and indirect purchasers were later filed in the Minnesota District Court, and three additional actions by standalone plaintiffs (including the Commonwealth of Puerto Rico) were filed in or transferred to the Minnesota District Court. The consolidated actions are styled In re Pork Antitrust Litigation. The complaints allege, among other things, that beginning in January 2009, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of pork products in violation of U.S. antitrust laws by coordinating output and limiting production, allegedly facilitated by the exchange of non-public information about prices, capacity, sales volume and demand through Agri Stats, Inc. The complaints on behalf of the putative classes of indirect purchasers also assert claims under various state laws, including state antitrust laws, unfair competition laws, consumer protection statutes, and common law unjust enrichment. The relief sought in the respective complaints includes treble damages, injunctive relief, pre- and post-judgment interest, costs and attorneys’ fees. On October 16, 2020, the Minnesota District Court denied the defendants’ motions to dismiss the amended complaints, but the Minnesota District Court later dismissed all claims against Seaboard Corporation without prejudice. On March 3, 2023, the Minnesota District Court granted the Plaintiffs’ Motions to Certify the Classes with respect to all three classes. </context> | us-gaap:LossContingencyNumberOfPlaintiffs |
On June 28, 2018, twelve indirect purchasers of pork products filed a class action complaint in the U.S. District Court for the District of Minnesota (the “Minnesota District Court”) against several pork processors, including Seaboard Foods LLC (“Seaboard Foods”) and Agri Stats, Inc., a company described in the complaint as a data sharing service. The complaint also named Seaboard Corporation as a defendant. Additional class action complaints with similar claims on behalf of putative classes of direct and indirect purchasers were later filed in the Minnesota District Court, and three additional actions by standalone plaintiffs (including the Commonwealth of Puerto Rico) were filed in or transferred to the Minnesota District Court. The consolidated actions are styled In re Pork Antitrust Litigation. The complaints allege, among other things, that beginning in January 2009, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of pork products in violation of U.S. antitrust laws by coordinating output and limiting production, allegedly facilitated by the exchange of non-public information about prices, capacity, sales volume and demand through Agri Stats, Inc. The complaints on behalf of the putative classes of indirect purchasers also assert claims under various state laws, including state antitrust laws, unfair competition laws, consumer protection statutes, and common law unjust enrichment. The relief sought in the respective complaints includes treble damages, injunctive relief, pre- and post-judgment interest, costs and attorneys’ fees. On October 16, 2020, the Minnesota District Court denied the defendants’ motions to dismiss the amended complaints, but the Minnesota District Court later dismissed all claims against Seaboard Corporation without prejudice. On March 3, 2023, the Minnesota District Court granted the Plaintiffs’ Motions to Certify the Classes with respect to all three classes. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> On June 28, 2018, twelve indirect purchasers of pork products filed a class action complaint in the U.S. District Court for the District of Minnesota (the “Minnesota District Court”) against several pork processors, including Seaboard Foods LLC (“Seaboard Foods”) and Agri Stats, Inc., a company described in the complaint as a data sharing service. The complaint also named Seaboard Corporation as a defendant. Additional class action complaints with similar claims on behalf of putative classes of direct and indirect purchasers were later filed in the Minnesota District Court, and three additional actions by standalone plaintiffs (including the Commonwealth of Puerto Rico) were filed in or transferred to the Minnesota District Court. The consolidated actions are styled In re Pork Antitrust Litigation. The complaints allege, among other things, that beginning in January 2009, the defendants conspired and combined to fix, raise, maintain, and stabilize the price of pork products in violation of U.S. antitrust laws by coordinating output and limiting production, allegedly facilitated by the exchange of non-public information about prices, capacity, sales volume and demand through Agri Stats, Inc. The complaints on behalf of the putative classes of indirect purchasers also assert claims under various state laws, including state antitrust laws, unfair competition laws, consumer protection statutes, and common law unjust enrichment. The relief sought in the respective complaints includes treble damages, injunctive relief, pre- and post-judgment interest, costs and attorneys’ fees. On October 16, 2020, the Minnesota District Court denied the defendants’ motions to dismiss the amended complaints, but the Minnesota District Court later dismissed all claims against Seaboard Corporation without prejudice. On March 3, 2023, the Minnesota District Court granted the Plaintiffs’ Motions to Certify the Classes with respect to all three classes. </context> | us-gaap:LossContingencyNumberOfPlaintiffs |
On June 12, 2023, Seaboard Foods entered into a settlement agreement for approximately $ 10 million with the putative direct purchaser plaintiff class (the “DPP Class”). Seaboard believes that this settlement was in the best interests of the Company and its stakeholders in order to avoid the uncertainty, risk, expense and distraction of protracted litigation. Members of the class were given the opportunity to opt-out of the settlement and commence or continue their own actions. The settlement with the DPP Class does not cover the claims of (a) the “direct action” plaintiffs that opted-out of Seaboard’s settlement with the DPP Class, (b) other direct purchasers, if any, that opted-out of the settlement and may in the future file actions against Seaboard, (c) the End User Consumer Indirect Purchaser Plaintiff Class (the “EUCP Class”) or (d) the Commercial and Industrial Indirect Purchaser Class (the “CIIP Class”). Seaboard will therefore continue to | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> On June 12, 2023, Seaboard Foods entered into a settlement agreement for approximately $ 10 million with the putative direct purchaser plaintiff class (the “DPP Class”). Seaboard believes that this settlement was in the best interests of the Company and its stakeholders in order to avoid the uncertainty, risk, expense and distraction of protracted litigation. Members of the class were given the opportunity to opt-out of the settlement and commence or continue their own actions. The settlement with the DPP Class does not cover the claims of (a) the “direct action” plaintiffs that opted-out of Seaboard’s settlement with the DPP Class, (b) other direct purchasers, if any, that opted-out of the settlement and may in the future file actions against Seaboard, (c) the End User Consumer Indirect Purchaser Plaintiff Class (the “EUCP Class”) or (d) the Commercial and Industrial Indirect Purchaser Class (the “CIIP Class”). Seaboard will therefore continue to </context> | us-gaap:LitigationSettlementAmountAwardedToOtherParty |
litigate against such opt-outs, the EUCP Class and the CIIP Class, and will consider reasonable settlements where available. Based on historical experience and other considerations, Seaboard currently believes that any such settlements would, in the aggregate, likely exceed the $ 10 million settlement with the DPP Class. There have been continued discussions with the CIIP Class, the EUCP Class and several opt-out groups regarding settlement. Seaboard believes that it has meritorious defenses to the claims alleged in these matters and intends to vigorously defend any matters not resolved by settlement. However, the outcome of litigation is inherently unpredictable and subject to significant uncertainties, and if unfavorable, could result in a material liability. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> litigate against such opt-outs, the EUCP Class and the CIIP Class, and will consider reasonable settlements where available. Based on historical experience and other considerations, Seaboard currently believes that any such settlements would, in the aggregate, likely exceed the $ 10 million settlement with the DPP Class. There have been continued discussions with the CIIP Class, the EUCP Class and several opt-out groups regarding settlement. Seaboard believes that it has meritorious defenses to the claims alleged in these matters and intends to vigorously defend any matters not resolved by settlement. However, the outcome of litigation is inherently unpredictable and subject to significant uncertainties, and if unfavorable, could result in a material liability. </context> | us-gaap:LitigationSettlementAmountAwardedToOtherParty |
On November 11, 2022, three employees of pork or beef processing plants filed a class action complaint (the “Class Action”) in the U.S. District Court for the District of Colorado (the “Court”) individually and on behalf of all other employees at such plants (the “Class”), against several pork and beef processors and their subsidiaries and related companies, including Seaboard Foods. The complaint alleges, among other things, that beginning in January 2014, the defendants conspired in violation of antitrust laws to fix and depress the compensation paid to the Class by, among other things, participating in third-party compensation surveys and exchanging wage-related information through a third-party benchmarking service. The relief sought includes treble damages, injunctive relief, pre- and post-judgment interest, costs and attorneys’ fees. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> On November 11, 2022, three employees of pork or beef processing plants filed a class action complaint (the “Class Action”) in the U.S. District Court for the District of Colorado (the “Court”) individually and on behalf of all other employees at such plants (the “Class”), against several pork and beef processors and their subsidiaries and related companies, including Seaboard Foods. The complaint alleges, among other things, that beginning in January 2014, the defendants conspired in violation of antitrust laws to fix and depress the compensation paid to the Class by, among other things, participating in third-party compensation surveys and exchanging wage-related information through a third-party benchmarking service. The relief sought includes treble damages, injunctive relief, pre- and post-judgment interest, costs and attorneys’ fees. </context> | us-gaap:LossContingencyNumberOfPlaintiffs |
On March 20, 2018, the bankruptcy trustee (the “Trustee”) for Cereoil Uruguay S.A. (“Cereoil”) filed a suit in the Bankruptcy Court of First Instance in Uruguay naming as parties Seaboard Corporation and its subsidiaries, Seaboard Overseas Limited (“SOL”) and Seaboard Uruguay Holdings Ltd. (“Seaboard Uruguay”). Seaboard Corporation has a 45 % indirect ownership of Cereoil. The suit (the “Clawback Action”) seeks an order requiring Seaboard Corporation, SOL and Seaboard Uruguay to reimburse Cereoil the amount of approximately $ 22 million (approximately $ 35 million with interest at the statutory rate) (the “Clawback Amount”), contending that deliveries of soybeans to SOL pursuant to purchase agreements should be set aside as fraudulent conveyances. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard and its two subsidiaries could be ordered to pay the Clawback Amount to Cereoil. | text | 45 | percentItemType | text: <entity> 45 </entity> <entity type> percentItemType </entity type> <context> On March 20, 2018, the bankruptcy trustee (the “Trustee”) for Cereoil Uruguay S.A. (“Cereoil”) filed a suit in the Bankruptcy Court of First Instance in Uruguay naming as parties Seaboard Corporation and its subsidiaries, Seaboard Overseas Limited (“SOL”) and Seaboard Uruguay Holdings Ltd. (“Seaboard Uruguay”). Seaboard Corporation has a 45 % indirect ownership of Cereoil. The suit (the “Clawback Action”) seeks an order requiring Seaboard Corporation, SOL and Seaboard Uruguay to reimburse Cereoil the amount of approximately $ 22 million (approximately $ 35 million with interest at the statutory rate) (the “Clawback Amount”), contending that deliveries of soybeans to SOL pursuant to purchase agreements should be set aside as fraudulent conveyances. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard and its two subsidiaries could be ordered to pay the Clawback Amount to Cereoil. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
On March 20, 2018, the bankruptcy trustee (the “Trustee”) for Cereoil Uruguay S.A. (“Cereoil”) filed a suit in the Bankruptcy Court of First Instance in Uruguay naming as parties Seaboard Corporation and its subsidiaries, Seaboard Overseas Limited (“SOL”) and Seaboard Uruguay Holdings Ltd. (“Seaboard Uruguay”). Seaboard Corporation has a 45 % indirect ownership of Cereoil. The suit (the “Clawback Action”) seeks an order requiring Seaboard Corporation, SOL and Seaboard Uruguay to reimburse Cereoil the amount of approximately $ 22 million (approximately $ 35 million with interest at the statutory rate) (the “Clawback Amount”), contending that deliveries of soybeans to SOL pursuant to purchase agreements should be set aside as fraudulent conveyances. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard and its two subsidiaries could be ordered to pay the Clawback Amount to Cereoil. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> On March 20, 2018, the bankruptcy trustee (the “Trustee”) for Cereoil Uruguay S.A. (“Cereoil”) filed a suit in the Bankruptcy Court of First Instance in Uruguay naming as parties Seaboard Corporation and its subsidiaries, Seaboard Overseas Limited (“SOL”) and Seaboard Uruguay Holdings Ltd. (“Seaboard Uruguay”). Seaboard Corporation has a 45 % indirect ownership of Cereoil. The suit (the “Clawback Action”) seeks an order requiring Seaboard Corporation, SOL and Seaboard Uruguay to reimburse Cereoil the amount of approximately $ 22 million (approximately $ 35 million with interest at the statutory rate) (the “Clawback Amount”), contending that deliveries of soybeans to SOL pursuant to purchase agreements should be set aside as fraudulent conveyances. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard and its two subsidiaries could be ordered to pay the Clawback Amount to Cereoil. </context> | us-gaap:LossContingencyDamagesSoughtValue |
On April 27, 2018, the Trustee filed an additional suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard Corporation, SOL, Seaboard Uruguay, all directors of Cereoil, including two individuals employed by Seaboard who served as directors at the behest of Seaboard, and the Chief Financial Officer of Cereoil, an employee of Seaboard who also served at the behest of Seaboard (collectively, the “Cereoil Defendants”). The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Cereoil’s insolvency, and thus should be ordered to pay all liabilities of Cereoil, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 50 million and assets of approximately $ 30 million. Based on the administration of the case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 45 million, and the liquidation value of the assets was estimated to be $ 17 million or less. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other Cereoil Defendants could be ordered to pay the liabilities of Cereoil, net of any amounts received from the liquidation of Cereoil’s assets, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. Any award in this case should be reduced by the amount of any award in the Clawback Action described above that is paid to Cereoil. | text | 50 | monetaryItemType | text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> On April 27, 2018, the Trustee filed an additional suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard Corporation, SOL, Seaboard Uruguay, all directors of Cereoil, including two individuals employed by Seaboard who served as directors at the behest of Seaboard, and the Chief Financial Officer of Cereoil, an employee of Seaboard who also served at the behest of Seaboard (collectively, the “Cereoil Defendants”). The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Cereoil’s insolvency, and thus should be ordered to pay all liabilities of Cereoil, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 50 million and assets of approximately $ 30 million. Based on the administration of the case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 45 million, and the liquidation value of the assets was estimated to be $ 17 million or less. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other Cereoil Defendants could be ordered to pay the liabilities of Cereoil, net of any amounts received from the liquidation of Cereoil’s assets, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. Any award in this case should be reduced by the amount of any award in the Clawback Action described above that is paid to Cereoil. </context> | us-gaap:Liabilities |
On April 27, 2018, the Trustee filed an additional suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard Corporation, SOL, Seaboard Uruguay, all directors of Cereoil, including two individuals employed by Seaboard who served as directors at the behest of Seaboard, and the Chief Financial Officer of Cereoil, an employee of Seaboard who also served at the behest of Seaboard (collectively, the “Cereoil Defendants”). The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Cereoil’s insolvency, and thus should be ordered to pay all liabilities of Cereoil, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 50 million and assets of approximately $ 30 million. Based on the administration of the case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 45 million, and the liquidation value of the assets was estimated to be $ 17 million or less. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other Cereoil Defendants could be ordered to pay the liabilities of Cereoil, net of any amounts received from the liquidation of Cereoil’s assets, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. Any award in this case should be reduced by the amount of any award in the Clawback Action described above that is paid to Cereoil. | text | 30 | monetaryItemType | text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> On April 27, 2018, the Trustee filed an additional suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard Corporation, SOL, Seaboard Uruguay, all directors of Cereoil, including two individuals employed by Seaboard who served as directors at the behest of Seaboard, and the Chief Financial Officer of Cereoil, an employee of Seaboard who also served at the behest of Seaboard (collectively, the “Cereoil Defendants”). The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Cereoil’s insolvency, and thus should be ordered to pay all liabilities of Cereoil, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 50 million and assets of approximately $ 30 million. Based on the administration of the case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 45 million, and the liquidation value of the assets was estimated to be $ 17 million or less. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other Cereoil Defendants could be ordered to pay the liabilities of Cereoil, net of any amounts received from the liquidation of Cereoil’s assets, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. Any award in this case should be reduced by the amount of any award in the Clawback Action described above that is paid to Cereoil. </context> | us-gaap:Assets |
On April 27, 2018, the Trustee filed an additional suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard Corporation, SOL, Seaboard Uruguay, all directors of Cereoil, including two individuals employed by Seaboard who served as directors at the behest of Seaboard, and the Chief Financial Officer of Cereoil, an employee of Seaboard who also served at the behest of Seaboard (collectively, the “Cereoil Defendants”). The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Cereoil’s insolvency, and thus should be ordered to pay all liabilities of Cereoil, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 50 million and assets of approximately $ 30 million. Based on the administration of the case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 45 million, and the liquidation value of the assets was estimated to be $ 17 million or less. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other Cereoil Defendants could be ordered to pay the liabilities of Cereoil, net of any amounts received from the liquidation of Cereoil’s assets, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. Any award in this case should be reduced by the amount of any award in the Clawback Action described above that is paid to Cereoil. | text | 45 | monetaryItemType | text: <entity> 45 </entity> <entity type> monetaryItemType </entity type> <context> On April 27, 2018, the Trustee filed an additional suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard Corporation, SOL, Seaboard Uruguay, all directors of Cereoil, including two individuals employed by Seaboard who served as directors at the behest of Seaboard, and the Chief Financial Officer of Cereoil, an employee of Seaboard who also served at the behest of Seaboard (collectively, the “Cereoil Defendants”). The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Cereoil’s insolvency, and thus should be ordered to pay all liabilities of Cereoil, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 50 million and assets of approximately $ 30 million. Based on the administration of the case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 45 million, and the liquidation value of the assets was estimated to be $ 17 million or less. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other Cereoil Defendants could be ordered to pay the liabilities of Cereoil, net of any amounts received from the liquidation of Cereoil’s assets, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. Any award in this case should be reduced by the amount of any award in the Clawback Action described above that is paid to Cereoil. </context> | us-gaap:Liabilities |
On April 27, 2018, the Trustee filed an additional suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard Corporation, SOL, Seaboard Uruguay, all directors of Cereoil, including two individuals employed by Seaboard who served as directors at the behest of Seaboard, and the Chief Financial Officer of Cereoil, an employee of Seaboard who also served at the behest of Seaboard (collectively, the “Cereoil Defendants”). The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Cereoil’s insolvency, and thus should be ordered to pay all liabilities of Cereoil, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 50 million and assets of approximately $ 30 million. Based on the administration of the case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 45 million, and the liquidation value of the assets was estimated to be $ 17 million or less. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other Cereoil Defendants could be ordered to pay the liabilities of Cereoil, net of any amounts received from the liquidation of Cereoil’s assets, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. Any award in this case should be reduced by the amount of any award in the Clawback Action described above that is paid to Cereoil. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> On April 27, 2018, the Trustee filed an additional suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard Corporation, SOL, Seaboard Uruguay, all directors of Cereoil, including two individuals employed by Seaboard who served as directors at the behest of Seaboard, and the Chief Financial Officer of Cereoil, an employee of Seaboard who also served at the behest of Seaboard (collectively, the “Cereoil Defendants”). The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Cereoil’s insolvency, and thus should be ordered to pay all liabilities of Cereoil, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 50 million and assets of approximately $ 30 million. Based on the administration of the case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 45 million, and the liquidation value of the assets was estimated to be $ 17 million or less. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other Cereoil Defendants could be ordered to pay the liabilities of Cereoil, net of any amounts received from the liquidation of Cereoil’s assets, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. Any award in this case should be reduced by the amount of any award in the Clawback Action described above that is paid to Cereoil. </context> | us-gaap:Assets |
On September 30, 2021, HSBC Bank (Uruguay) SA (“HSBC”), a creditor in the Cereoil bankruptcy proceeding pending in Uruguay, filed a suit in the U.S. District Court for the District of Kansas (the “Kansas District Court”) against Seaboard Corporation alleging claims for breach of contract, promissory estoppel, breach of the duty of good faith and fair dealing, unjust enrichment, fraud, negligent misrepresentation and fraud by concealment based upon a comfort letter, alleged statements by Cereoil personnel (including the Chief Financial Officer serving at the behest of Seaboard), and the same grain transactions that the Trustee challenges as fraudulent conveyances in the Cereoil bankruptcy in Uruguay discussed above. HSBC seeks $ 10 million plus interest and other relief in excess of $ 3 million. In March 2022, Seaboard filed a motion to dismiss HSBC’s claims on various grounds. On September 23, 2022, the Kansas District Court dismissed six of HSBC’s seven claims. Three of those claims, for fraud, negligent misrepresentation and fraud by concealment, can be refiled by HSBC in Uruguay. The other three claims, for breach of contract, breach of the duty of good faith and fair dealing and unjust enrichment, were dismissed with prejudice and cannot be refiled unless HSBC successfully appeals the | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> On September 30, 2021, HSBC Bank (Uruguay) SA (“HSBC”), a creditor in the Cereoil bankruptcy proceeding pending in Uruguay, filed a suit in the U.S. District Court for the District of Kansas (the “Kansas District Court”) against Seaboard Corporation alleging claims for breach of contract, promissory estoppel, breach of the duty of good faith and fair dealing, unjust enrichment, fraud, negligent misrepresentation and fraud by concealment based upon a comfort letter, alleged statements by Cereoil personnel (including the Chief Financial Officer serving at the behest of Seaboard), and the same grain transactions that the Trustee challenges as fraudulent conveyances in the Cereoil bankruptcy in Uruguay discussed above. HSBC seeks $ 10 million plus interest and other relief in excess of $ 3 million. In March 2022, Seaboard filed a motion to dismiss HSBC’s claims on various grounds. On September 23, 2022, the Kansas District Court dismissed six of HSBC’s seven claims. Three of those claims, for fraud, negligent misrepresentation and fraud by concealment, can be refiled by HSBC in Uruguay. The other three claims, for breach of contract, breach of the duty of good faith and fair dealing and unjust enrichment, were dismissed with prejudice and cannot be refiled unless HSBC successfully appeals the </context> | us-gaap:LossContingencyDamagesSoughtValue |
On September 30, 2021, HSBC Bank (Uruguay) SA (“HSBC”), a creditor in the Cereoil bankruptcy proceeding pending in Uruguay, filed a suit in the U.S. District Court for the District of Kansas (the “Kansas District Court”) against Seaboard Corporation alleging claims for breach of contract, promissory estoppel, breach of the duty of good faith and fair dealing, unjust enrichment, fraud, negligent misrepresentation and fraud by concealment based upon a comfort letter, alleged statements by Cereoil personnel (including the Chief Financial Officer serving at the behest of Seaboard), and the same grain transactions that the Trustee challenges as fraudulent conveyances in the Cereoil bankruptcy in Uruguay discussed above. HSBC seeks $ 10 million plus interest and other relief in excess of $ 3 million. In March 2022, Seaboard filed a motion to dismiss HSBC’s claims on various grounds. On September 23, 2022, the Kansas District Court dismissed six of HSBC’s seven claims. Three of those claims, for fraud, negligent misrepresentation and fraud by concealment, can be refiled by HSBC in Uruguay. The other three claims, for breach of contract, breach of the duty of good faith and fair dealing and unjust enrichment, were dismissed with prejudice and cannot be refiled unless HSBC successfully appeals the | text | six | integerItemType | text: <entity> six </entity> <entity type> integerItemType </entity type> <context> On September 30, 2021, HSBC Bank (Uruguay) SA (“HSBC”), a creditor in the Cereoil bankruptcy proceeding pending in Uruguay, filed a suit in the U.S. District Court for the District of Kansas (the “Kansas District Court”) against Seaboard Corporation alleging claims for breach of contract, promissory estoppel, breach of the duty of good faith and fair dealing, unjust enrichment, fraud, negligent misrepresentation and fraud by concealment based upon a comfort letter, alleged statements by Cereoil personnel (including the Chief Financial Officer serving at the behest of Seaboard), and the same grain transactions that the Trustee challenges as fraudulent conveyances in the Cereoil bankruptcy in Uruguay discussed above. HSBC seeks $ 10 million plus interest and other relief in excess of $ 3 million. In March 2022, Seaboard filed a motion to dismiss HSBC’s claims on various grounds. On September 23, 2022, the Kansas District Court dismissed six of HSBC’s seven claims. Three of those claims, for fraud, negligent misrepresentation and fraud by concealment, can be refiled by HSBC in Uruguay. The other three claims, for breach of contract, breach of the duty of good faith and fair dealing and unjust enrichment, were dismissed with prejudice and cannot be refiled unless HSBC successfully appeals the </context> | us-gaap:LossContingencyClaimsDismissedNumber |
On September 30, 2021, HSBC Bank (Uruguay) SA (“HSBC”), a creditor in the Cereoil bankruptcy proceeding pending in Uruguay, filed a suit in the U.S. District Court for the District of Kansas (the “Kansas District Court”) against Seaboard Corporation alleging claims for breach of contract, promissory estoppel, breach of the duty of good faith and fair dealing, unjust enrichment, fraud, negligent misrepresentation and fraud by concealment based upon a comfort letter, alleged statements by Cereoil personnel (including the Chief Financial Officer serving at the behest of Seaboard), and the same grain transactions that the Trustee challenges as fraudulent conveyances in the Cereoil bankruptcy in Uruguay discussed above. HSBC seeks $ 10 million plus interest and other relief in excess of $ 3 million. In March 2022, Seaboard filed a motion to dismiss HSBC’s claims on various grounds. On September 23, 2022, the Kansas District Court dismissed six of HSBC’s seven claims. Three of those claims, for fraud, negligent misrepresentation and fraud by concealment, can be refiled by HSBC in Uruguay. The other three claims, for breach of contract, breach of the duty of good faith and fair dealing and unjust enrichment, were dismissed with prejudice and cannot be refiled unless HSBC successfully appeals the | text | seven | integerItemType | text: <entity> seven </entity> <entity type> integerItemType </entity type> <context> On September 30, 2021, HSBC Bank (Uruguay) SA (“HSBC”), a creditor in the Cereoil bankruptcy proceeding pending in Uruguay, filed a suit in the U.S. District Court for the District of Kansas (the “Kansas District Court”) against Seaboard Corporation alleging claims for breach of contract, promissory estoppel, breach of the duty of good faith and fair dealing, unjust enrichment, fraud, negligent misrepresentation and fraud by concealment based upon a comfort letter, alleged statements by Cereoil personnel (including the Chief Financial Officer serving at the behest of Seaboard), and the same grain transactions that the Trustee challenges as fraudulent conveyances in the Cereoil bankruptcy in Uruguay discussed above. HSBC seeks $ 10 million plus interest and other relief in excess of $ 3 million. In March 2022, Seaboard filed a motion to dismiss HSBC’s claims on various grounds. On September 23, 2022, the Kansas District Court dismissed six of HSBC’s seven claims. Three of those claims, for fraud, negligent misrepresentation and fraud by concealment, can be refiled by HSBC in Uruguay. The other three claims, for breach of contract, breach of the duty of good faith and fair dealing and unjust enrichment, were dismissed with prejudice and cannot be refiled unless HSBC successfully appeals the </context> | us-gaap:LossContingencyPendingClaimsNumber |
Kansas District Court order. The one claim not dismissed in this matter is for promissory estoppel. Seaboard believes that it has meritorious defenses to this claim and intends to vigorously defend it. In the event of an adverse ruling, Seaboard Corporation could be ordered to pay HSBC the amounts described above. | text | one | integerItemType | text: <entity> one </entity> <entity type> integerItemType </entity type> <context> Kansas District Court order. The one claim not dismissed in this matter is for promissory estoppel. Seaboard believes that it has meritorious defenses to this claim and intends to vigorously defend it. In the event of an adverse ruling, Seaboard Corporation could be ordered to pay HSBC the amounts described above. </context> | us-gaap:LossContingencyPendingClaimsNumber |
On May 15, 2018, the Trustee for Nolston S.A. (“Nolston”) filed a suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard and the other Cereoil Defendants. Seaboard has a 45 % indirect ownership of Nolston. The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Nolston’s insolvency, and thus should be ordered to pay all liabilities of Nolston, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 29 million and assets of approximately $ 15 million. Based on the administration of the case which resulted in duplicative claims made in the Cereoil case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 1 million, and there are no remaining assets with any value. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other defendants could be ordered to pay the liabilities of Nolston, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. | text | 45 | percentItemType | text: <entity> 45 </entity> <entity type> percentItemType </entity type> <context> On May 15, 2018, the Trustee for Nolston S.A. (“Nolston”) filed a suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard and the other Cereoil Defendants. Seaboard has a 45 % indirect ownership of Nolston. The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Nolston’s insolvency, and thus should be ordered to pay all liabilities of Nolston, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 29 million and assets of approximately $ 15 million. Based on the administration of the case which resulted in duplicative claims made in the Cereoil case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 1 million, and there are no remaining assets with any value. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other defendants could be ordered to pay the liabilities of Nolston, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
On May 15, 2018, the Trustee for Nolston S.A. (“Nolston”) filed a suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard and the other Cereoil Defendants. Seaboard has a 45 % indirect ownership of Nolston. The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Nolston’s insolvency, and thus should be ordered to pay all liabilities of Nolston, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 29 million and assets of approximately $ 15 million. Based on the administration of the case which resulted in duplicative claims made in the Cereoil case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 1 million, and there are no remaining assets with any value. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other defendants could be ordered to pay the liabilities of Nolston, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> On May 15, 2018, the Trustee for Nolston S.A. (“Nolston”) filed a suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard and the other Cereoil Defendants. Seaboard has a 45 % indirect ownership of Nolston. The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Nolston’s insolvency, and thus should be ordered to pay all liabilities of Nolston, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 29 million and assets of approximately $ 15 million. Based on the administration of the case which resulted in duplicative claims made in the Cereoil case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 1 million, and there are no remaining assets with any value. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other defendants could be ordered to pay the liabilities of Nolston, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. </context> | us-gaap:Liabilities |
On May 15, 2018, the Trustee for Nolston S.A. (“Nolston”) filed a suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard and the other Cereoil Defendants. Seaboard has a 45 % indirect ownership of Nolston. The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Nolston’s insolvency, and thus should be ordered to pay all liabilities of Nolston, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 29 million and assets of approximately $ 15 million. Based on the administration of the case which resulted in duplicative claims made in the Cereoil case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 1 million, and there are no remaining assets with any value. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other defendants could be ordered to pay the liabilities of Nolston, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> On May 15, 2018, the Trustee for Nolston S.A. (“Nolston”) filed a suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard and the other Cereoil Defendants. Seaboard has a 45 % indirect ownership of Nolston. The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Nolston’s insolvency, and thus should be ordered to pay all liabilities of Nolston, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 29 million and assets of approximately $ 15 million. Based on the administration of the case which resulted in duplicative claims made in the Cereoil case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 1 million, and there are no remaining assets with any value. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other defendants could be ordered to pay the liabilities of Nolston, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. </context> | us-gaap:Assets |
On May 15, 2018, the Trustee for Nolston S.A. (“Nolston”) filed a suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard and the other Cereoil Defendants. Seaboard has a 45 % indirect ownership of Nolston. The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Nolston’s insolvency, and thus should be ordered to pay all liabilities of Nolston, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 29 million and assets of approximately $ 15 million. Based on the administration of the case which resulted in duplicative claims made in the Cereoil case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 1 million, and there are no remaining assets with any value. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other defendants could be ordered to pay the liabilities of Nolston, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> On May 15, 2018, the Trustee for Nolston S.A. (“Nolston”) filed a suit in the Bankruptcy Court of First Instance in Uruguay that was served during the second quarter of 2018, naming as parties Seaboard and the other Cereoil Defendants. Seaboard has a 45 % indirect ownership of Nolston. The Trustee contends that the Cereoil Defendants acted with willful misconduct to cause Nolston’s insolvency, and thus should be ordered to pay all liabilities of Nolston, net of assets. The bankruptcy filing listed the U.S. dollar equivalent of liabilities of approximately $ 29 million and assets of approximately $ 15 million. Based on the administration of the case which resulted in duplicative claims made in the Cereoil case and the liquidation of assets, as of December 31, 2023, the U.S. dollar equivalent of liabilities was estimated to be approximately $ 1 million, and there are no remaining assets with any value. Seaboard believes that it has meritorious defenses to the claims alleged in this matter and intends to vigorously defend this matter. In the event of an adverse ruling, Seaboard Corporation and the other defendants could be ordered to pay the liabilities of Nolston, and could be ordered to pay an inflation adjustment, interest, the Trustee’s fees and other expenses. </context> | us-gaap:Liabilities |
In addition to other settlements that occurred during 2023, Seaboard entered into an agreement with an insurance company to purchase a group annuity contract for a select group of retirees in Seaboard’s qualified pension plans and as a result, t he benefit obligation and related assets decreased $ 34 million. The accumulated benefit obligation for Seaboard’s defined benefit pension plans was $ 216 million and $ 247 million as of December 31, 2023 and 2022, respectively. The accumulated benefit obligation for Seaboard’s defined benefit pension plans in excess of plan assets was $ 118 million and $ 130 million as of December 31, 2023 and 2022, respectively. Expected future benefit payments for the qualified and nonqualified plans during each of the next five years and the next five years thereafter were as follows: $ 29 million, $ 10 million, $ 15 million, $ 12 million, $ 15 million and $ 72 million, respectively. | text | 34 | monetaryItemType | text: <entity> 34 </entity> <entity type> monetaryItemType </entity type> <context> In addition to other settlements that occurred during 2023, Seaboard entered into an agreement with an insurance company to purchase a group annuity contract for a select group of retirees in Seaboard’s qualified pension plans and as a result, t he benefit obligation and related assets decreased $ 34 million. The accumulated benefit obligation for Seaboard’s defined benefit pension plans was $ 216 million and $ 247 million as of December 31, 2023 and 2022, respectively. The accumulated benefit obligation for Seaboard’s defined benefit pension plans in excess of plan assets was $ 118 million and $ 130 million as of December 31, 2023 and 2022, respectively. Expected future benefit payments for the qualified and nonqualified plans during each of the next five years and the next five years thereafter were as follows: $ 29 million, $ 10 million, $ 15 million, $ 12 million, $ 15 million and $ 72 million, respectively. </context> | us-gaap:DefinedBenefitPlanSettlementsBenefitObligation |
In addition to other settlements that occurred during 2023, Seaboard entered into an agreement with an insurance company to purchase a group annuity contract for a select group of retirees in Seaboard’s qualified pension plans and as a result, t he benefit obligation and related assets decreased $ 34 million. The accumulated benefit obligation for Seaboard’s defined benefit pension plans was $ 216 million and $ 247 million as of December 31, 2023 and 2022, respectively. The accumulated benefit obligation for Seaboard’s defined benefit pension plans in excess of plan assets was $ 118 million and $ 130 million as of December 31, 2023 and 2022, respectively. Expected future benefit payments for the qualified and nonqualified plans during each of the next five years and the next five years thereafter were as follows: $ 29 million, $ 10 million, $ 15 million, $ 12 million, $ 15 million and $ 72 million, respectively. | text | 216 | monetaryItemType | text: <entity> 216 </entity> <entity type> monetaryItemType </entity type> <context> In addition to other settlements that occurred during 2023, Seaboard entered into an agreement with an insurance company to purchase a group annuity contract for a select group of retirees in Seaboard’s qualified pension plans and as a result, t he benefit obligation and related assets decreased $ 34 million. The accumulated benefit obligation for Seaboard’s defined benefit pension plans was $ 216 million and $ 247 million as of December 31, 2023 and 2022, respectively. The accumulated benefit obligation for Seaboard’s defined benefit pension plans in excess of plan assets was $ 118 million and $ 130 million as of December 31, 2023 and 2022, respectively. Expected future benefit payments for the qualified and nonqualified plans during each of the next five years and the next five years thereafter were as follows: $ 29 million, $ 10 million, $ 15 million, $ 12 million, $ 15 million and $ 72 million, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
In addition to other settlements that occurred during 2023, Seaboard entered into an agreement with an insurance company to purchase a group annuity contract for a select group of retirees in Seaboard’s qualified pension plans and as a result, t he benefit obligation and related assets decreased $ 34 million. The accumulated benefit obligation for Seaboard’s defined benefit pension plans was $ 216 million and $ 247 million as of December 31, 2023 and 2022, respectively. The accumulated benefit obligation for Seaboard’s defined benefit pension plans in excess of plan assets was $ 118 million and $ 130 million as of December 31, 2023 and 2022, respectively. Expected future benefit payments for the qualified and nonqualified plans during each of the next five years and the next five years thereafter were as follows: $ 29 million, $ 10 million, $ 15 million, $ 12 million, $ 15 million and $ 72 million, respectively. | text | 247 | monetaryItemType | text: <entity> 247 </entity> <entity type> monetaryItemType </entity type> <context> In addition to other settlements that occurred during 2023, Seaboard entered into an agreement with an insurance company to purchase a group annuity contract for a select group of retirees in Seaboard’s qualified pension plans and as a result, t he benefit obligation and related assets decreased $ 34 million. The accumulated benefit obligation for Seaboard’s defined benefit pension plans was $ 216 million and $ 247 million as of December 31, 2023 and 2022, respectively. The accumulated benefit obligation for Seaboard’s defined benefit pension plans in excess of plan assets was $ 118 million and $ 130 million as of December 31, 2023 and 2022, respectively. Expected future benefit payments for the qualified and nonqualified plans during each of the next five years and the next five years thereafter were as follows: $ 29 million, $ 10 million, $ 15 million, $ 12 million, $ 15 million and $ 72 million, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
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