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Asset Impairment, Exit, and Restructuring Costs | 12 Months Ended
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Dec. 31, 2015
Restructuring, Settlement and Impairment Provisions [Abstract] |
Asset Impairment, Exit, and Restructuring Costs | Asset Impairment, Exit, and Restructuring Costs The following table sets forth the charges included in asset impairment, exit, and restructuring costs.
(In millions) | Year Ended December 31
| 2015 |  | 2014 |  | 2013
Restructuring and exit costs (1) | $ | 71 |  |  | $ | 64 |  |  | $ | — |
Asset impairment charge - equity securities(2) | — |  |  | 6 |  |  | 166 |
Asset impairment charge - goodwill and intangible (3) | 21 |  |  | — |  |  | 9 |
Asset impairments (4) | 108 |  |  | 35 |  |  | 84 |
Total asset impairment, exit, and restructuring costs | $ | 200 |  |  | $ | 105 |  |  | $ | 259 |
(1) | Restructuring and exit costs recognized in the year ended December 31, 2015 consisted primarily of restructuring charges of $29 million related principally to an international pension plan settlement, exit costs of $22 million related to Brazilian sugar ethanol facilities in the Corn Processing segment and other restructuring and exit costs totaling $20 million. Restructuring and exit costs recognized in the year ended December 31, 2014 consisted of costs associated with the relocation of the Company’s global headquarters to Chicago, Illinois, of $16 million and restructuring charges related to the Wild Flavors acquisition and Toepfer integration following the acquisition of the minority interest and other restructuring charges of $48 million.
(2) | Asset impairment charge - equity securities for the fiscal year ended December 31, 2014 consisted of other-than-temporary investment writedowns of available for sale securities in Corporate. Asset impairment charge - equity securities for the fiscal year ended December 31, 2013 consisted of other-than-temporary impairment charges of $155 million on the Company’s GrainCorp investment in the Agricultural Services segment and $11 million on one other available for sale security in Corporate.
(3) | The Company recognized an intangible asset impairment charge of $8 million related to capitalized software costs in Corporate in the year ended December 31, 2015. The Company recognized goodwill impairment charges of $13 million related to a Corn Processing facility and certain of its international Oilseeds Processing facilities, and $9 million related to its Brazilian sugar ethanol business in the Corn Processing segment in the years ended December 31, 2015 and 2013, respectively.
(4) | Asset impairment for the fiscal year ended December 31, 2015 consisted of property, plant, and equipment asset impairments of $66 million related principally to the Brazilian sugar ethanol business in the Corn Processing segment based on the uncertain outlook of this business at year-end, $40 million in the Oilseeds Processing segment, $1 million in the Wild Flavors and Specialty Ingredients segment, and $1 million in Corporate. Asset impairments for the fiscal year ended December 31, 2014 consisted of property, plant, and equipment asset impairments of $17 million in the Agricultural Services segment, $15 million in the Corn Processing segment, and $3 million in the Oilseeds Processing segment. Asset impairments for the fiscal year ended December 31, 2013 consisted of property, plant, and equipment asset impairments of $3 million in the Agricultural Services segment, $62 million in the Corn Processing segment, $4 million in the Oilseeds Processing segment, and $15 million in Corporate.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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- References No definition available. + Details
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