v3.23.1
SEGMENT INFORMATION - FINANCIAL INFORMATION BY SEGMENT (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Operating Segment Information      
Net sales $ 15,328 $ 15,880  
Cost of goods sold (14,147) (14,676)  
Gross profit 1,181 1,204  
Selling, general and administrative expenses (353) (308)  
Foreign exchange (losses) gains 49 12  
EBIT attributable to noncontrolling interests (25) (13)  
Other income (expense) – net 15 (47)  
Income (loss) from affiliates 19 45  
Total segment EBIT 886 893  
Total assets 27,110 28,724 $ 24,580
Inter—Segment Revenues      
Operating Segment Information      
Net sales (2,357) (2,974)  
Selling, general and administrative expenses 0 0  
Foreign exchange (losses) gains 0 0  
EBIT attributable to noncontrolling interests 0 0  
Other income (expense) – net 0 0  
Income (loss) from affiliates 0 0  
Total segment EBIT 0 0  
Total assets 0 0  
Inter—Segment Revenues | Agribusiness      
Operating Segment Information      
Net sales (2,156) (2,487)  
Inter—Segment Revenues | Refined and Specialty Oils      
Operating Segment Information      
Net sales (37) (112)  
Inter—Segment Revenues | Milling      
Operating Segment Information      
Net sales (164) (375)  
Inter—Segment Revenues | Sugar and Bioenergy      
Operating Segment Information      
Net sales 0 0  
Operating | Agribusiness      
Operating Segment Information      
Net sales 10,852 11,231  
Cost of goods sold (10,044) (10,367)  
Gross profit 808 864  
Selling, general and administrative expenses (132) (121)  
Foreign exchange (losses) gains 39 9  
EBIT attributable to noncontrolling interests (21) (4)  
Other income (expense) – net 11 (63)  
Income (loss) from affiliates 0 14  
Total segment EBIT 705 699  
Total assets 17,366 20,607  
Operating | Refined and Specialty Oils      
Operating Segment Information      
Net sales 3,888 3,976  
Cost of goods sold (3,546) (3,714)  
Gross profit 342 262  
Selling, general and administrative expenses (95) (89)  
Foreign exchange (losses) gains 5 0  
EBIT attributable to noncontrolling interests (4) 3  
Other income (expense) – net (15) (3)  
Income (loss) from affiliates 0 0  
Total segment EBIT 233 173  
Total assets 3,656 4,383  
Operating | Milling      
Operating Segment Information      
Net sales 515 603  
Cost of goods sold (484) (532)  
Gross profit 31 71  
Selling, general and administrative expenses (21) (24)  
Foreign exchange (losses) gains 0 3  
EBIT attributable to noncontrolling interests 0 0  
Other income (expense) – net (1) 0  
Income (loss) from affiliates 0 0  
Total segment EBIT 9 50  
Total assets 1,157 1,482  
Operating | Sugar and Bioenergy      
Operating Segment Information      
Net sales 64 64  
Cost of goods sold (64) (62)  
Gross profit 0 2  
Selling, general and administrative expenses 0 0  
Foreign exchange (losses) gains 0 0  
EBIT attributable to noncontrolling interests 0 0  
Other income (expense) – net 0 0  
Income (loss) from affiliates 19 32  
Total segment EBIT 19 34  
Total assets 334 322  
Corporate and Other      
Operating Segment Information      
Net sales 9 6  
Cost of goods sold (9) (1)  
Gross profit 0 5  
Selling, general and administrative expenses (105) (74)  
Foreign exchange (losses) gains 5 0  
EBIT attributable to noncontrolling interests 0 (12)  
Other income (expense) – net 20 19  
Income (loss) from affiliates 0 (1)  
Total segment EBIT (80) (63)  
Total assets $ 4,597 $ 1,930