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v3.19.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Segment Information |
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(In millions) | 2019 |  | 2018 |  | 2019 |  | 2018
Gross revenues |  |  |  |  |  |  |
Origination | $ | 7,193 |  |  | $ | 7,757 |  |  | $ | 14,168 |  |  | $ | 14,936 |
Oilseeds | 7,547 |  |  | 8,251 |  |  | 13,956 |  |  | 15,086 |
Carbohydrate Solutions | 2,878 |  |  | 2,906 |  |  | 5,454 |  |  | 5,718 |
Nutrition | 1,541 |  |  | 1,029 |  |  | 2,841 |  |  | 1,987 |
Other | 104 |  |  | 101 |  |  | 185 |  |  | 207 |
Intersegment elimination | (2,966 | ) |  | (2,976 | ) |  | (5,003 | ) |  | (5,340 | )
Total gross revenues | $ | 16,297 |  |  | $ | 17,068 |  |  | $ | 31,601 |  |  | $ | 32,594 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |
Origination | $ | 712 |  |  | $ | 1,117 |  |  | $ | 1,563 |  |  | $ | 2,029 |
Oilseeds | 1,800 |  |  | 1,589 |  |  | 2,795 |  |  | 2,822 |
Carbohydrate Solutions | 437 |  |  | 259 |  |  | 610 |  |  | 470 |
Nutrition | 17 |  |  | 11 |  |  | 35 |  |  | 19 |
Total intersegment sales | $ | 2,966 |  |  | $ | 2,976 |  |  | $ | 5,003 |  |  | $ | 5,340 |
Revenues from external customers |  |  |  |  |  |  |  |  |  |  |
Origination |  |  |  |  |  |  |
Merchandising and Handling | $ | 6,418 |  |  | $ | 6,577 |  |  | $ | 12,476 |  |  | $ | 12,789 |
Transportation | 63 |  |  | 63 |  |  | 129 |  |  | 118 |
Total Origination | 6,481 |  |  | 6,640 |  |  | 12,605 |  |  | 12,907 |
Oilseeds |  |  |  |  |  |  |
Crushing and Origination | 3,613 |  |  | 4,374 |  |  | 6,869 |  |  | 7,659 |
Refining, Packaging, Biodiesel, and Other | 2,134 |  |  | 2,288 |  |  | 4,292 |  |  | 4,605 |
Total Oilseeds | 5,747 |  |  | 6,662 |  |  | 11,161 |  |  | 12,264 |
Carbohydrate Solutions |  |  |  |  |  |  |
Starches and Sweeteners | 1,684 |  |  | 1,704 |  |  | 3,306 |  |  | 3,342 |
Bioproducts | 757 |  |  | 943 |  |  | 1,538 |  |  | 1,906 |
Total Carbohydrate Solutions | 2,441 |  |  | 2,647 |  |  | 4,844 |  |  | 5,248 |
Nutrition |  |  |  |  |  |  |
Wild Flavors and Specialty Ingredients | 728 |  |  | 693 |  |  | 1,402 |  |  | 1,329 |
Animal Nutrition | 796 |  |  | 325 |  |  | 1,404 |  |  | 639 |
Total Nutrition | 1,524 |  |  | 1,018 |  |  | 2,806 |  |  | 1,968 |
Other | 104 |  |  | 101 |  |  | 185 |  |  | 207 |
Total revenues from external customers | $ | 16,297 |  |  | $ | 17,068 |  |  | $ | 31,601 |  |  | $ | 32,594 |
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(In millions) | 2019 |  | 2018 |  | 2019 |  | 2018
Segment operating profit |  |  |  |  |  |  |
Origination | $ | 71 |  |  | $ | 191 |  |  | $ | 147 |  |  | $ | 237 |
Oilseeds | 291 |  |  | 341 |  |  | 632 |  |  | 690 |
Carbohydrate Solutions | 192 |  |  | 247 |  |  | 288 |  |  | 460 |
Nutrition | 117 |  |  | 114 |  |  | 198 |  |  | 210 |
Other | 11 |  |  | 31 |  |  | 25 |  |  | 44 |
Specified Items: |  |  |  |  |  |  |
Gains (losses) on sales of assets and businesses(1) | — |  |  | — |  |  | 12 |  |  | — |
Impairment, restructuring, and settlement charges(2) | (37 | ) |  | (22 | ) |  | (46 | ) |  | (35 | )
Total segment operating profit | 645 |  |  | 902 |  |  | 1,256 |  |  | 1,606 |
Corporate | (371 | ) |  | (250 | ) |  | (667 | ) |  | (490 | )
Earnings before income taxes | $ | 274 |  |  | $ | 652 |  |  | $ | 589 |  |  | $ | 1,116 |
(1) Current year-to-date gains consisted of a gain on the sale of certain assets and a step-up gain on an equity investment. (2) Current quarter and year-to-date charges primarily related to the impairment of certain long-lived assets. Prior quarter charges consisted of an impairment charge related to a long-term financing receivable and restructuring charges. Prior year-to-date charges consisted of impairment charges related to a long-term financing receivable and an equity investment and restructuring charges.

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- 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
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