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Investments In And Advances To Affiliates | 12 Months Ended
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Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract] |
Investments In And Advances To Affiliates | Investments in and Advances to Affiliates The Company applies the equity method for investments in investees over which the Company has the ability to exercise significant influence, including the Company’s 16.4% share ownership in Wilmar. The Company had 60 unconsolidated domestic and foreign affiliates as of December 31, 2013 and 2012, respectively. The following table summarizes the combined balance sheets as of December 31, 2013 and 2012, and the combined statements of earnings of the Company’s unconsolidated affiliates for the years ended December 31, 2013 and 2012, the six months ended December 31, 2012 and 2011, and the years ended June 30, 2012 and 2011.
| December 31
(In millions) | 2013 |  | 2012
Current assets | $ | 30,966 |  |  | $ | 26,569 |
Non-current assets | 20,846 |  |  | 19,429 |
Current liabilities | (27,423 | ) |  | (22,602 | )
Non-current liabilities | (5,515 | ) |  | (5,553 | )
Noncontrolling interests | (890 | ) |  | (850 | )
Net assets | $ | 17,984 |  |  | $ | 16,993 |
| Year Ended |  | Six Months Ended |  | Year Ended
| December 31 |  | December 31 |  | June 30
(In millions) | 2013 |  | 2012 |  | 2012 |  | 2011 |  | 2012 |  | 2011
|  |  | (Unaudited) |  |  |  |  |  | (Unaudited) |  |  |  |  |  |
Net Sales | $ | 51,967 |  |  | $ | 56,615 |  |  | $ | 28,314 |  |  | $ | 29,767 |  |  | $ | 58,068 |  |  | $ | 48,941 |
Gross profit | 4,373 |  |  | 6,014 |  |  | 2,847 |  |  | 3,291 |  |  | 6,458 |  |  | 4,819 |
Net income | 1,762 |  |  | 1,773 |  |  | 855 |  |  | 1,022 |  |  | 1,940 |  |  | 2,252 |
The Company’s share of the undistributed earnings of its unconsolidated affiliates as of December 31, 2013, is $1.8 billion. The Company has a direct investment in a foreign equity method investee who has a carrying value of $2.1 billion as of December 31, 2013, and a market value of $2.8 billion based on active market quoted prices converted to U.S. dollars at applicable exchange rates at December 31, 2013. The Company provides credit facilities totaling $313 million to seven unconsolidated affiliates. One facility that is due on demand and bears interest at the one month British pound LIBOR rate plus 1.5% has an outstanding balance of $24 million. The other six facilities have no outstanding balances as of December 31, 2013. The outstanding balance is included in other current assets in the accompanying consolidated balance sheet. For information on the Company’s former equity method interest in Gruma, see Note 19.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569 + Details
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