v3.23.2
SEGMENT INFORMATION - FINANCIAL INFORMATION BY SEGMENT (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Operating Segment Information          
Net sales $ 15,049 $ 17,933 $ 30,377 $ 33,813  
Cost of goods sold (13,684) (17,161) (27,831) (31,837)  
Gross profit 1,365 772 2,546 1,976  
Selling, general and administrative expenses (420) (334) (773) (642)  
Foreign exchange (losses) gains (66) (110) (17) (98)  
EBIT attributable to noncontrolling interests (4) (20) (29) (33)  
Other income (expense) – net 12 (6) 27 (53)  
Income (loss) from affiliates 25 20 44 65  
Total segment EBIT 912 322 1,798 1,215  
Total assets 25,712 27,419 25,712 27,419 $ 24,580
Inter—Segment Revenues          
Operating Segment Information          
Net sales (2,055) (3,070) (4,412) (6,044)  
Selling, general and administrative expenses 0 0 0 0  
Foreign exchange (losses) gains 0 0 0 0  
EBIT attributable to noncontrolling interests 0 0 0 0  
Other income (expense) – net 0 0 0 0  
Income (loss) from affiliates 0 0 0 0  
Total segment EBIT 0 0 0 0  
Total assets 0 0 0 0  
Inter—Segment Revenues | Agribusiness          
Operating Segment Information          
Net sales (1,999) (2,892) (4,155) (5,379)  
Inter—Segment Revenues | Refined and Specialty Oils          
Operating Segment Information          
Net sales (56) (86) (93) (198)  
Inter—Segment Revenues | Milling          
Operating Segment Information          
Net sales 0 (92) (164) (467)  
Inter—Segment Revenues | Sugar and Bioenergy          
Operating Segment Information          
Net sales 0 0 0 0  
Operating | Agribusiness          
Operating Segment Information          
Net sales 10,875 12,747 21,727 23,978  
Cost of goods sold (9,878) (12,431) (19,922) (22,798)  
Gross profit 997 316 1,805 1,180  
Selling, general and administrative expenses (151) (119) (283) (240)  
Foreign exchange (losses) gains (64) (93) (25) (84)  
EBIT attributable to noncontrolling interests 1 (13) (20) (17)  
Other income (expense) – net 7 (14) 18 (77)  
Income (loss) from affiliates (5) 16 (5) 30  
Total segment EBIT 785 93 1,490 792  
Total assets 17,789 18,889 17,789 18,889  
Operating | Refined and Specialty Oils          
Operating Segment Information          
Net sales 3,601 4,445 7,489 8,421  
Cost of goods sold (3,268) (4,120) (6,814) (7,834)  
Gross profit 333 325 675 587  
Selling, general and administrative expenses (98) (87) (193) (176)  
Foreign exchange (losses) gains 5 (8) 10 (8)  
EBIT attributable to noncontrolling interests (7) (7) (11) (4)  
Other income (expense) – net (16) (5) (31) (8)  
Income (loss) from affiliates 0 0 0 0  
Total segment EBIT 217 218 450 391  
Total assets 3,883 4,616 3,883 4,616  
Operating | Milling          
Operating Segment Information          
Net sales 490 677 1,005 1,280  
Cost of goods sold (450) (551) (934) (1,083)  
Gross profit 40 126 71 197  
Selling, general and administrative expenses (24) (28) (45) (52)  
Foreign exchange (losses) gains (1) 0 (1) 3  
EBIT attributable to noncontrolling interests 1 (1) 1 (1)  
Other income (expense) – net (2) 0 (3) 0  
Income (loss) from affiliates 0 0 0 0  
Total segment EBIT 14 97 23 147  
Total assets 1,086 1,488 1,086 1,488  
Operating | Sugar and Bioenergy          
Operating Segment Information          
Net sales 72 57 136 121  
Cost of goods sold (70) (55) (134) (117)  
Gross profit 2 2 2 4  
Selling, general and administrative expenses 0 0 0 0  
Foreign exchange (losses) gains 0 0 0 0  
EBIT attributable to noncontrolling interests 0 0 0 0  
Other income (expense) – net 2 0 2 0  
Income (loss) from affiliates 47 4 66 36  
Total segment EBIT 51 6 70 40  
Total assets 382 376 382 376  
Corporate and Other          
Operating Segment Information          
Net sales 11 7 20 13  
Cost of goods sold (18) (4) (27) (5)  
Gross profit (7) 3 (7) 8  
Selling, general and administrative expenses (147) (100) (252) (174)  
Foreign exchange (losses) gains (6) (9) (1) (9)  
EBIT attributable to noncontrolling interests 1 1 1 (11)  
Other income (expense) – net 21 13 41 32  
Income (loss) from affiliates (17) 0 (17) (1)  
Total segment EBIT (155) (92) (235) (155)  
Total assets $ 2,572 $ 2,050 $ 2,572 $ 2,050