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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data | Quarterly Financial Data (Unaudited)
| Quarter |  |
| March 31 |  | June 30 |  | September 30 |  | December 31 |  | Year
| (In millions, except per share amounts)
Fiscal Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |
Revenues | $ | 21,727 |  |  | $ | 22,541 |  |  | $ | 21,393 |  |  | $ | 24,143 |  |  | $ | 89,804 |
Gross Profit | 756 |  |  | 807 |  |  | 1,156 |  |  | 1,170 |  |  | 3,889 |
Net Earnings Attributable to Controlling Interests | 269 |  |  | 223 |  |  | 476 |  |  | 374 |  |  | 1,342 |
Basic Earnings Per Common Share | 0.41 |  |  | 0.34 |  |  | 0.72 |  |  | 0.57 |  |  | 2.03 |
Diluted Earnings Per Common Share | 0.41 |  |  | 0.34 |  |  | 0.72 |  |  | 0.56 |  |  | 2.02 |
| Quarter |  | Six Months
| September 30 |  | December 31 |  | Ended
| (In millions, except per share amounts)
Transition Period Ended December 31, 2012 |  |  |  |  |
Revenues | $ | 21,808 |  |  | $ | 24,921 |  |  | $ | 46,729 |
Gross Profit | 806 |  |  | 996 |  |  | 1,802 |
Net Earnings Attributable to Controlling Interests | 182 |  |  | 510 |  |  | 692 |
Basic Earnings Per Common Share | 0.28 |  |  | 0.77 |  |  | 1.05 |
Diluted Earnings Per Common Share | 0.28 |  |  | 0.77 |  |  | 1.05 |
| Quarter |  |
| September 30 |  | December 31 |  | March 31 |  | June 30 |  | Year
| (In millions, except per share amounts)
Fiscal Year Ended June 30, 2012 |  |  |  |  |  |  |  |  |
Revenues | $ | 21,902 |  |  | $ | 23,306 |  |  | $ | 21,155 |  |  | $ | 22,675 |  |  | $ | 89,038 |
Gross Profit | 1,034 |  |  | 813 |  |  | 1,008 |  |  | 813 |  |  | 3,668 |
Net Earnings Attributable to Controlling Interests | 460 |  |  | 80 |  |  | 399 |  |  | 284 |  |  | 1,223 |
Basic Earnings Per Common Share | 0.68 |  |  | 0.12 |  |  | 0.60 |  |  | 0.43 |  |  | 1.84 |
Diluted Earnings Per Common Share | 0.68 |  |  | 0.12 |  |  | 0.60 |  |  | 0.43 |  |  | 1.84 |
Net earnings attributable to controlling interests for the first quarter of the fiscal year ended December 31, 2013 include an after-tax FCPA charge of $17 million (equal to $0.03 per share) as discussed in Note 21. Net earnings attributable to controlling interests for the second quarter of the fiscal year ended December 31, 2013 include an after-tax FCPA charge of $20 million (equal to $0.03 per share) as discussed in Note 21 and an after-tax loss on Australian dollar foreign exchange hedges of $32 million (equal to $0.05 per share) as discussed in Note 13. Net earnings attributable to controlling interests for the third quarter of the fiscal year ended December 31, 2013 include an after-tax gain on Australian dollar foreign exchange hedges of $16 million (equal to $0.02 per share) as discussed in Note 13, after-tax asset impairment charges related to certain fixed assets of $8 million (equal to $0.01 per share) as discussed in Note 19, and an after-tax other-than-temporary writedown of an investment of $7 million (equal to $0.01 per share) as discussed in Note 19. Net earnings attributable to controlling interests for the fourth quarter of the fiscal year ended December 31, 2013 include an after-tax loss on Australian dollar foreign exchange hedges of $9 million (equal to $0.01 per share) as discussed in Note 13, after-tax asset impairment charges related to certain fixed assets of $61 million (equal to $0.09 per share), as discussed in Note 19, an after-tax goodwill impairment charge of $9 million (equal to $0.02 per share) as discussed in Note 19, an after-tax other-than-temporary writedown of GrainCorp of $155 million (equal to $0.23 per share) as discussed in Note 19, other after-tax GrainCorp-related charges of $3 million (equal to $0.01 per share), valuation allowance on certain deferred tax assets of $82 million (equal to $0.12 per share), income tax benefit recognized in the current period of $84 million (equal to $0.13 per share) related to biodiesel blending credits in prior periods, effective tax rate adjustment of $21 million (equal to $0.03 per share) due to the change in annual effective tax rate on prior year-to-date earnings, and other after-tax charges of $3 million (equal to $0.01 per share). Net earnings attributable to controlling interests for the first quarter of the transition period ended December 31, 2012 include an after-tax asset impairment charge related to the Gruma investment writedown of $107 million (equal to $0.16 per share) as discussed in Note 19. Net earnings attributable to controlling interests for the second quarter of the transition period ended December 31, 2012 include an after-tax gain of $49 million (equal to $0.07 per share) related to the Company’s interest in GrainCorp, an after-tax gain of $24 million (equal to $0.04 per share) related to the sale of certain of the Company’s exchange membership interests, and an after-tax charge of $44 million (equal to $0.07 per share) related to pension settlements. Net earnings attributable to controlling interests for the second and third quarters of the fiscal year ended June 30, 2012 include after-tax exit costs and asset impairment charges related primarily to the bioplastics facility and global workforce reduction program of $222 million and $52 million (equal to $0.33 and $0.08 per share), respectively as discussed in Note 19.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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