v3.23.3
SEGMENT INFORMATION - FINANCIAL INFORMATION BY SEGMENT (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Operating Segment Information          
Net sales $ 14,227 $ 16,759 $ 44,604 $ 50,572  
Cost of goods sold (13,182) (15,871) (41,013) (47,708)  
Gross profit 1,045 888 3,591 2,864  
Selling, general and administrative expenses (447) (337) (1,220) (979)  
Foreign exchange (losses) gains (47) (52) (64) (150)  
EBIT attributable to noncontrolling interests (14) (1) (43) (33)  
Other income (expense) – net 8 40 35 (13)  
Income (loss) from affiliates 39 30 83 95  
Total segment EBIT 584 568 2,382 1,784  
Total assets 25,133 24,792 25,133 24,792 $ 24,580
Inter—Segment Revenues          
Operating Segment Information          
Net sales (2,184) (2,587) (6,596) (8,631)  
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 (2,139) (2,520) (6,294) (7,899)  
Inter—Segment Revenues | Refined and Specialty Oils          
Operating Segment Information          
Net sales (45) (54) (138) (252)  
Inter—Segment Revenues | Milling          
Operating Segment Information          
Net sales 0 (13) (164) (480)  
Inter—Segment Revenues | Sugar and Bioenergy          
Operating Segment Information          
Net sales 0 0 0 0  
Operating | Agribusiness          
Operating Segment Information          
Net sales 10,082 11,741 31,809 35,719  
Cost of goods sold (9,437) (11,109) (29,359) (33,907)  
Gross profit 645 632 2,450 1,812  
Selling, general and administrative expenses (145) (135) (428) (375)  
Foreign exchange (losses) gains (52) (35) (77) (119)  
EBIT attributable to noncontrolling interests (9) 3 (29) (14)  
Other income (expense) – net 36 6 54 (71)  
Income (loss) from affiliates (14) 10 (19) 41  
Total segment EBIT 461 481 1,951 1,274  
Total assets 16,660 17,193 16,660 17,193  
Operating | Refined and Specialty Oils          
Operating Segment Information          
Net sales 3,601 4,302 11,090 12,723  
Cost of goods sold (3,249) (4,070) (10,063) (11,904)  
Gross profit 352 232 1,027 819  
Selling, general and administrative expenses (98) (86) (291) (262)  
Foreign exchange (losses) gains (2) (6) 8 (14)  
EBIT attributable to noncontrolling interests (6) (3) (17) (7)  
Other income (expense) – net (19) (9) (50) (17)  
Income (loss) from affiliates 0 0 0 0  
Total segment EBIT 227 128 677 519  
Total assets 3,849 4,190 3,849 4,190  
Operating | Milling          
Operating Segment Information          
Net sales 479 631 1,484 1,911  
Cost of goods sold (429) (586) (1,363) (1,669)  
Gross profit 50 45 121 242  
Selling, general and administrative expenses (25) (26) (70) (78)  
Foreign exchange (losses) gains 0 0 (1) 2  
EBIT attributable to noncontrolling interests 0 (1) 1 (1)  
Other income (expense) – net (2) 1 (5) 2  
Income (loss) from affiliates 0 0 0 (1)  
Total segment EBIT 23 19 46 166  
Total assets 972 1,058 972 1,058  
Operating | Sugar and Bioenergy          
Operating Segment Information          
Net sales 56 74 192 195  
Cost of goods sold (54) (72) (188) (189)  
Gross profit 2 2 4 6  
Selling, general and administrative expenses (1) 0 (1) (1)  
Foreign exchange (losses) gains 1 0 1 0  
EBIT attributable to noncontrolling interests 0 0 0 0  
Other income (expense) – net 0 2 2 2  
Income (loss) from affiliates 53 20 119 56  
Total segment EBIT 55 24 125 63  
Total assets 469 360 469 360  
Corporate and Other          
Operating Segment Information          
Net sales 9 11 29 24  
Cost of goods sold (13) (34) (40) (39)  
Gross profit (4) (23) (11) (15)  
Selling, general and administrative expenses (178) (90) (430) (263)  
Foreign exchange (losses) gains 6 (11) 5 (19)  
EBIT attributable to noncontrolling interests 1 0 2 (11)  
Other income (expense) – net (7) 40 34 71  
Income (loss) from affiliates 0 0 (17) (1)  
Total segment EBIT (182) (84) (417) (238)  
Total assets $ 3,183 $ 1,991 $ 3,183 $ 1,991