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Segment Information | 6 Months Ended
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Jun. 30, 2014
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company is principally engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products. The Company’s operations are organized, managed and classified into three reportable business segments: Oilseeds Processing, Corn Processing, and Agricultural Services. Each of these segments is organized based upon the nature of products and services offered. The Company’s remaining operations are not reportable segments, as defined by the applicable accounting standard, and are classified as Other. Intersegment sales have been recorded at amounts approximating market. Operating profit for each segment is based on net sales less identifiable operating expenses. Also included in segment operating profit is equity in earnings of affiliates based on the equity method of accounting. Certain Corporate items are not allocated to the Company’s reportable business segments. Corporate results principally include the impact of LIFO-related adjustments, unallocated corporate expenses, and interest cost net of investment income. Corporate results also include the after-tax elimination of income attributable to the minority shareholder of Toepfer. The Company acquired the remaining 20% minority interest in Toepfer during the second quarter of 2014, thus no longer requiring the elimination of income attributable to the minority shareholder at June 30, 2014. For detailed information regarding the Company’s reportable segments, see Note 18 to the consolidated financial statements included in the Company’s Annual report on Form 10-K for the year ended December 31, 2013.
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
| (In millions)
Gross revenues |  |  |  |  |  |  |
Oilseeds Processing | $ | 9,821 |  |  | $ | 10,371 |  |  | $ | 18,219 |  |  | $ | 19,083 |
Corn Processing | 3,102 |  |  | 3,686 |  |  | 5,951 |  |  | 6,773 |
Agricultural Services | 10,302 |  |  | 10,659 |  |  | 21,377 |  |  | 22,800 |
Other | 129 |  |  | 90 |  |  | 275 |  |  | 177 |
Intersegment elimination | (1,860 | ) |  | (2,265 | ) |  | (3,632 | ) |  | (4,565 | )
Total | $ | 21,494 |  |  | $ | 22,541 |  |  | $ | 42,190 |  |  | $ | 44,268 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |
Oilseeds Processing | $ | 980 |  |  | $ | 1,035 |  |  | $ | 1,575 |  |  | $ | 1,604 |
Corn Processing | 31 |  |  | 48 |  |  | 50 |  |  | 82 |
Agricultural Services | 789 |  |  | 1,129 |  |  | 1,890 |  |  | 2,770 |
Other | 60 |  |  | 53 |  |  | 117 |  |  | 109 |
Total | $ | 1,860 |  |  | $ | 2,265 |  |  | $ | 3,632 |  |  | $ | 4,565 |
Revenues from external customers |  |  |  |  |  |  |  |  |  |  |
Oilseeds Processing | $ | 8,841 |  |  | $ | 9,336 |  |  | $ | 16,644 |  |  | $ | 17,479 |
Corn Processing | 3,071 |  |  | 3,638 |  |  | 5,901 |  |  | 6,691 |
Agricultural Services | 9,513 |  |  | 9,530 |  |  | 19,487 |  |  | 20,030 |
Other | 69 |  |  | 37 |  |  | 158 |  |  | 68 |
Total | $ | 21,494 |  |  | $ | 22,541 |  |  | $ | 42,190 |  |  | $ | 44,268 |
Segment operating profit |  |  |  |  |  |  |  |  |  |  |
Oilseeds Processing | $ | 327 |  |  | $ | 321 |  |  | $ | 661 |  |  | $ | 634 |
Corn Processing | 347 |  |  | 223 |  |  | 543 |  |  | 376 |
Agricultural Services | 203 |  |  | 81 |  |  | 356 |  |  | 232 |
Other | 11 |  |  | 22 |  |  | 19 |  |  | 35 |
Total segment operating profit | 888 |  |  | 647 |  |  | 1,579 |  |  | 1,277 |
Corporate | (153 | ) |  | (330 | ) |  | (478 | ) |  | (585 | )
Earnings from continuing operations before taxes | $ | 735 |  |  | $ | 317 |  |  | $ | 1,101 |  |  | $ | 692 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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