XML 65 R49.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment and Geographic Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Segment Reporting [Abstract] |
Segment Information | Segment Information
| Year Ended
(In millions) | December 31
| 2018 |  | 2017 |  | 2016
Gross revenues |  |  |  |  |
Origination | $ | 29,622 |  |  | $ | 28,300 |  |  | $ | 29,812 |
Oilseeds | 29,092 |  |  | 26,424 |  |  | 25,235 |
Carbohydrate Solutions | 11,421 |  |  | 11,314 |  |  | 11,549 |
Nutrition | 3,835 |  |  | 3,562 |  |  | 3,540 |
Other | 381 |  |  | 387 |  |  | 408 |
Intersegment elimination | (10,010 | ) |  | (9,159 | ) |  | (8,198 | )
Total | $ | 64,341 |  |  | $ | 60,828 |  |  | $ | 62,346 |
Intersegment revenues |  |  |  |  |  |
Origination | $ | 4,562 |  |  | $ | 4,176 |  |  | $ | 4,066 |
Oilseeds | 4,261 |  |  | 4,036 |  |  | 3,281 |
Carbohydrate Solutions | 1,142 |  |  | 908 |  |  | 834 |
Nutrition | 45 |  |  | 39 |  |  | 17 |
Total | $ | 10,010 |  |  | $ | 9,159 |  |  | $ | 8,198 |
Revenues from external customers |  |  |  |  |
Origination |  |  |  |  |
Merchandising and Handling | $ | 24,816 |  |  | $ | 23,915 |  |  | $ | 25,522 |
Transportation | 244 |  |  | 209 |  |  | 224 |
Total Origination | 25,060 |  |  | 24,124 |  |  | 25,746 |
Oilseeds |  |  |  |  |
Crushing and Origination | 16,943 |  |  | 14,171 |  |  | 14,034 |
Refining, Packaging, Biodiesel, and Other | 7,888 |  |  | 8,217 |  |  | 7,920 |
Total Oilseeds | 24,831 |  |  | 22,388 |  |  | 21,954 |
Carbohydrate Solutions |  |  |  |  |
Starches and Sweeteners | 6,696 |  |  | 6,565 |  |  | 6,413 |
Bioproducts | 3,583 |  |  | 3,841 |  |  | 4,302 |
Total Carbohydrate Solutions | 10,279 |  |  | 10,406 |  |  | 10,715 |
Nutrition |  |  |  |  |
Wild Flavors and Specialty Ingredients | 2,571 |  |  | 2,367 |  |  | 2,466 |
Animal Nutrition | 1,219 |  |  | 1,156 |  |  | 1,057 |
Total Nutrition | 3,790 |  |  | 3,523 |  |  | 3,523 |
Other | 381 |  |  | 387 |  |  | 408 |
Total | $ | 64,341 |  |  | $ | 60,828 |  |  | $ | 62,346 |
| Year Ended
(In millions) | December 31
| 2018 |  | 2017 |  | 2016
Depreciation |  |  |  |  |  |
Origination | $ | 165 |  |  | $ | 168 |  |  | $ | 169 |
Oilseeds | 207 |  |  | 202 |  |  | 194 |
Carbohydrate Solutions | 328 |  |  | 322 |  |  | 322 |
Nutrition | 80 |  |  | 75 |  |  | 70 |
Other | 6 |  |  | 6 |  |  | 5 |
Corporate | 26 |  |  | 29 |  |  | 27 |
Total | $ | 812 |  |  | $ | 802 |  |  | $ | 787 |
Long-lived asset abandonments and write-downs(1) |  |  |  |  |
Origination | $ | 25 |  |  | $ | 11 |  |  | $ | 3 |
Oilseeds | 15 |  |  | 6 |  |  | 8 |
Carbohydrate Solutions | — |  |  | 63 |  |  | 4 |
Nutrition | 11 |  |  | 21 |  |  | — |
Corporate | 49 |  |  | — |  |  | 2 |
Total | $ | 100 |  |  | $ | 101 |  |  | $ | 17 |
Interest income |  |  |  |  |
Origination | $ | 16 |  |  | $ | 12 |  |  | $ | 21 |
Oilseeds | 29 |  |  | 27 |  |  | 27 |
Carbohydrate Solutions | 1 |  |  | 1 |  |  | 2 |
Nutrition | 2 |  |  | 2 |  |  | 3 |
Other | 100 |  |  | 57 |  |  | 35 |
Corporate | 14 |  |  | 7 |  |  | 4 |
Total | $ | 162 |  |  | $ | 106 |  |  | $ | 92 |
Equity in earnings of affiliates |  |  |  |  |
Origination | $ | 10 |  |  | $ | 23 |  |  | $ | 16 |
Oilseeds | 411 |  |  | 368 |  |  | 208 |
Carbohydrate Solutions | 62 |  |  | 78 |  |  | 82 |
Nutrition | 17 |  |  | 14 |  |  | 16 |
Other | — |  |  | — |  |  | 10 |
Corporate | 18 |  |  | (27 | ) |  | (40 | )
Total | $ | 518 |  |  | $ | 456 |  |  | $ | 292 |
(1) See Note 18 for total asset impairment, exit, and restructuring costs. |  |  |  |  |
| Year Ended
(In millions) | December 31
| 2018 |  | 2017 |  | 2016
Segment Operating Profit |  |  |  |  |
Origination | $ | 546 |  |  | $ | 404 |  |  | $ | 362 |
Oilseeds | 1,474 |  |  | 825 |  |  | 853 |
Carbohydrate Solutions | 945 |  |  | 1,078 |  |  | 1,001 |
Nutrition | 339 |  |  | 312 |  |  | 273 |
Other | 58 |  |  | 51 |  |  | 134 |
Specified Items: |  |  |  |  |
Gains on sales of assets and businesses(1) | 13 |  |  | 22 |  |  | 114 |
Impairment, restructuring, exit, and settlement charges(2) | (102 | ) |  | (160 | ) |  | (32 | )
Hedge timing effects(3) | — |  |  | 4 |  |  | (1 | )
Total segment operating profit | 3,273 |  |  | 2,536 |  |  | 2,704 |
Corporate | (1,213 | ) |  | (927 | ) |  | (882 | )
Earnings before income taxes | $ | 2,060 |  |  | $ | 1,609 |  |  | $ | 1,822 |
(1) The gains in 2018 related to the sale of businesses and assets. The gains in 2017 related to the sale of the crop risk services business and disposals of other individually insignificant assets in the ordinary course of business, partially offset by an adjustment of the proceeds of the 2015 sale of the cocoa business. The gains in 2016 primarily related to recovery of loss provisions and gain related to the sale of the Company’s Brazilian sugar ethanol facilities, realized contingent consideration on the December 2012 sale of the Company’s equity investment in Gruma S.A. de C.V., and revaluation of the remaining interest to settlement value in conjunction with the acquisition of the remaining interest in Amazon Flavors, partially offset by a loss on sale of asset. (2) The charges in 2018 consisted of impairment of certain assets, restructuring, and settlement charges. The charges in 2017 consisted of asset impairments related to the closure of a facility and the reconfiguration of the Company’s Peoria, Illinois ethanol complex, settlement charges, and several individually insignificant asset impairments and restructuring charges. The charges in 2016 consisted of several individually insignificant asset impairments and restructuring charges. (3) Hedge timing effects relate to hedge ineffectiveness associated with documented hedge programs.
(In millions) | December 31
| 2018 |  | 2017
Investments in and advances to affiliates |  |  |
Origination | $ | 360 |  |  | $ | 359 |
Oilseeds | 4,189 |  |  | 3,961 |
Carbohydrate Solutions | 375 |  |  | 373 |
Nutrition | 63 |  |  | 57 |
Corporate | 330 |  |  | 338 |
Total | $ | 5,317 |  |  | $ | 5,088 |
Identifiable assets |  |  |
Origination | $ | 8,461 |  |  | $ | 8,311 |
Oilseeds | 12,195 |  |  | 11,992 |
Carbohydrate Solutions | 5,895 |  |  | 6,085 |
Nutrition | 7,158 |  |  | 5,568 |
Other | 5,131 |  |  | 5,658 |
Corporate | 1,993 |  |  | 2,349 |
Total | $ | 40,833 |  |  | $ | 39,963 |
(In millions) | December 31
| 2018 |  | 2017
Gross additions to property, plant, and equipment |  |  |
Origination | $ | 93 |  |  | $ | 203 |
Oilseeds | 223 |  |  | 262 |
Carbohydrate Solutions | 267 |  |  | 326 |
Nutrition | 182 |  |  | 234 |
Other | 3 |  |  | 12 |
Corporate | 77 |  |  | 63 |
Total | $ | 845 |  |  | $ | 1,100 |
Geographic Information | Geographic information: The following geographic data include revenues attributed to the countries based on the location of the subsidiary making the sale and long-lived assets based on physical location. Long-lived assets represent the net book value of property, plant, and equipment.
| Year Ended
(In millions) | December 31
| 2018 |  | 2017 |  | 2016
Revenues |  |  |  |  |
United States | $ | 28,726 |  |  | $ | 27,894 |  |  | $ | 29,419 |
Switzerland | 12,911 |  |  | 14,095 |  |  | 13,413 |
Cayman Islands | 5,724 |  |  | 4,189 |  |  | 3,617 |
Germany | 2,179 |  |  | 2,090 |  |  | 2,341 |
Other Foreign | 14,801 |  |  | 12,560 |  |  | 13,556 |
| $ | 64,341 |  |  | $ | 60,828 |  |  | $ | 62,346 |
(In millions) | December 31
| 2018 |  | 2017
Long-lived assets |  |  |
United States | $ | 6,615 |  |  | $ | 6,767 |
Brazil | 802 |  |  | 731 |
Other Foreign | 2,536 |  |  | 2,640 |
| $ | 9,953 |  |  | $ | 10,138 |

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration