XML 48 R34.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Segment Reporting [Abstract] |
Segment Information |
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(In millions) | 2020 |  | 2019 |  | 2020 |  | 2019
Gross revenues |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 14,431 |  |  | $ | 13,728 |  |  | $ | 26,781 |  |  | $ | 26,601 |
Carbohydrate Solutions | 2,213 |  |  | 2,878 |  |  | 4,767 |  |  | 5,454 |
Nutrition | 1,474 |  |  | 1,541 |  |  | 2,990 |  |  | 2,841 |
Other Business | 89 |  |  | 104 |  |  | 193 |  |  | 185 |
Intersegment elimination | (1,926 | ) |  | (1,954 | ) |  | (3,480 | ) |  | (3,480 | )
Total gross revenues | $ | 16,281 |  |  | $ | 16,297 |  |  | $ | 31,251 |  |  | $ | 31,601 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 1,690 |  |  | $ | 1,500 |  |  | $ | 2,961 |  |  | $ | 2,835 |
Carbohydrate Solutions | 199 |  |  | 437 |  |  | 437 |  |  | 610 |
Nutrition | 37 |  |  | 17 |  |  | 82 |  |  | 35 |
Total intersegment sales | $ | 1,926 |  |  | $ | 1,954 |  |  | $ | 3,480 |  |  | $ | 3,480 |
Revenues from external customers |  |  |  |  |  |  |  |  |  |  |
Ag Services and Oilseeds |  |  |  |  |  |  |
Ag Services | $ | 8,652 |  |  | $ | 8,030 |  |  | $ | 15,578 |  |  | $ | 15,407 |
Crushing | 2,405 |  |  | 2,316 |  |  | 4,718 |  |  | 4,665 |
Refined Products and Other | 1,684 |  |  | 1,882 |  |  | 3,524 |  |  | 3,694 |
Total Ag Services and Oilseeds | 12,741 |  |  | 12,228 |  |  | 23,820 |  |  | 23,766 |
Carbohydrate Solutions |  |  |  |  |  |  |
Starches and Sweeteners | 1,545 |  |  | 1,684 |  |  | 3,195 |  |  | 3,306 |
Vantage Corn Processors | 469 |  |  | 757 |  |  | 1,135 |  |  | 1,538 |
Total Carbohydrate Solutions | 2,014 |  |  | 2,441 |  |  | 4,330 |  |  | 4,844 |
Nutrition |  |  |  |  |  |  |
Human Nutrition | 723 |  |  | 728 |  |  | 1,442 |  |  | 1,402 |
Animal Nutrition | 714 |  |  | 796 |  |  | 1,466 |  |  | 1,404 |
Total Nutrition | 1,437 |  |  | 1,524 |  |  | 2,908 |  |  | 2,806 |
Other Business | 89 |  |  | 104 |  |  | 193 |  |  | 185 |
Total revenues from external customers | $ | 16,281 |  |  | $ | 16,297 |  |  | $ | 31,251 |  |  | $ | 31,601 |
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(In millions) | 2020 |  | 2019 |  | 2020 |  | 2019
Segment operating profit |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 413 |  |  | $ | 362 |  |  | $ | 835 |  |  | $ | 779 |
Carbohydrate Solutions | 195 |  |  | 192 |  |  | 263 |  |  | 288 |
Nutrition | 158 |  |  | 117 |  |  | 300 |  |  | 198 |
Other Business | 38 |  |  | 11 |  |  | 49 |  |  | 25 |
Specified Items: |  |  |  |  |  |  |
Gains (losses) on sales of assets and businesses(1) | 23 |  |  | — |  |  | 23 |  |  | 12 |
Impairment, restructuring, and settlement charges(2) | (14 | ) |  | (37 | ) |  | (58 | ) |  | (46 | )
Total segment operating profit | 813 |  |  | 645 |  |  | 1,412 |  |  | 1,256 |
Corporate | (261 | ) |  | (371 | ) |  | (485 | ) |  | (667 | )
Earnings before income taxes | $ | 552 |  |  | $ | 274 |  |  | $ | 927 |  |  | $ | 589 |
(1) Current quarter and year-to-date gain consisted of a gain on the sale of certain assets. Prior 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 related to the impairment of certain long-lived assets and restructuring. Prior quarter and year-to-date charges related to the impairment of certain long-lived assets and a settlement.

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=120311839&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=120311839&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=120311839&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