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v3.20.4

Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Segment Information | Segment Information
| Year Ended
(In millions) | December 31
| 2020 |  | 2019 |  | 2018
Gross revenues |  |  |  |  |
Ag Services and Oilseeds | $ | 55,667 |  |  | $ | 54,633 |  |  | $ | 56,591 |
Carbohydrate Solutions | 9,423 |  |  | 11,154 |  |  | 11,421 |
Nutrition | 5,959 |  |  | 5,786 |  |  | 3,836 |
Other | 367 |  |  | 352 |  |  | 381 |
Intersegment elimination | (7,061) |  |  | (7,269) |  |  | (7,888) |
Total | $ | 64,355 |  |  | $ | 64,656 |  |  | $ | 64,341 |
Intersegment revenues |  |  |  |  |
Ag Services and Oilseeds | $ | 5,951 |  |  | $ | 5,892 |  |  | $ | 6,700 |
Carbohydrate Solutions | 951 |  |  | 1,268 |  |  | 1,142 |
Nutrition | 159 |  |  | 109 |  |  | 46 |
Total | $ | 7,061 |  |  | $ | 7,269 |  |  | $ | 7,888 |
Revenues from external customers |  |  |  |  |
Ag Services and Oilseeds |  |  |  |  |
Ag Services | $ | 32,726 |  |  | $ | 31,705 |  |  | $ | 31,766 |
Crushing | 9,593 |  |  | 9,479 |  |  | 10,319 |
Refined Products and Other | 7,397 |  |  | 7,557 |  |  | 7,806 |
Total Ag Services and Oilseeds | 49,716 |  |  | 48,741 |  |  | 49,891 |
Carbohydrate Solutions |  |  |  |  |
Starches and Sweeteners | 6,387 |  |  | 6,854 |  |  | 6,922 |
Vantage Corn Processors | 2,085 |  |  | 3,032 |  |  | 3,357 |
Total Carbohydrate Solutions | 8,472 |  |  | 9,886 |  |  | 10,279 |
Nutrition |  |  |  |  |
Human Nutrition | 2,812 |  |  | 2,745 |  |  | 2,571 |
Animal Nutrition | 2,988 |  |  | 2,932 |  |  | 1,219 |
Total Nutrition | 5,800 |  |  | 5,677 |  |  | 3,790 |
Other | 367 |  |  | 352 |  |  | 381 |
Total | $ | 64,355 |  |  | $ | 64,656 |  |  | $ | 64,341 |
| Year Ended
(In millions) | December 31
| 2020 |  | 2019 |  | 2018
Depreciation |  |  |  |  |
Ag Services and Oilseeds | $ | 351 |  |  | $ | 361 |  |  | $ | 372 |
Carbohydrate Solutions | 305 |  |  | 320 |  |  | 328 |
Nutrition | 114 |  |  | 113 |  |  | 80 |
Other | 6 |  |  | 6 |  |  | 6 |
Corporate | 27 |  |  | 27 |  |  | 26 |
Total | $ | 803 |  |  | $ | 827 |  |  | $ | 812 |
Long-lived asset abandonments and write-downs(1) |  |  |  |  |
Ag Services and Oilseeds | $ | 8 |  |  | $ | 130 |  |  | $ | 40 |
Carbohydrate Solutions | — |  |  | 1 |  |  | — |
Nutrition | 13 |  |  | — |  |  | 11 |
Corporate | 7 |  |  | — |  |  | 49 |
Total | $ | 28 |  |  | $ | 131 |  |  | $ | 100 |
Interest income |  |  |  |  |
Ag Services and Oilseeds | $ | 39 |  |  | $ | 51 |  |  | $ | 45 |
Carbohydrate Solutions | — |  |  | — |  |  | 1 |
Nutrition | 2 |  |  | 1 |  |  | 2 |
Other | 40 |  |  | 125 |  |  | 100 |
Corporate | 7 |  |  | 15 |  |  | 14 |
Total | $ | 88 |  |  | $ | 192 |  |  | $ | 162 |
Equity in earnings of affiliates |  |  |  |  |
Ag Services and Oilseeds | $ | 475 |  |  | $ | 378 |  |  | $ | 421 |
Carbohydrate Solutions | 81 |  |  | 60 |  |  | 62 |
Nutrition | 22 |  |  | 17 |  |  | 17 |
Corporate | 1 |  |  | (1) |  |  | 18 |
Total | $ | 579 |  |  | $ | 454 |  |  | $ | 518 |
(1) See Note 18 for total asset impairment, exit, and restructuring costs. |  |  |  |  |
| Year Ended
(In millions) | December 31
| 2020 |  | 2019 |  | 2018
Segment Operating Profit |  |  |  |  |
Ag Services and Oilseeds | $ | 2,105 |  |  | $ | 1,935 |  |  | $ | 2,020 |
Carbohydrate Solutions | 717 |  |  | 644 |  |  | 945 |
Nutrition | 574 |  |  | 418 |  |  | 339 |
Other | 52 |  |  | 85 |  |  | 58 |
Specified Items: |  |  |  |  |
Gain on sales of assets and businesses(1) | 83 |  |  | 12 |  |  | 13 |
Impairment, restructuring, exit, and settlement charges(2) | (76) |  |  | (146) |  |  | (102) |
Total segment operating profit | 3,455 |  |  | 2,948 |  |  | 3,273 |
Corporate | (1,572) |  |  | (1,360) |  |  | (1,213) |
Earnings before income taxes | $ | 1,883 |  |  | $ | 1,588 |  |  | $ | 2,060 |
(1) The gain in 2020 consisted of a gain on the sale of a portion of the Company’s shares in Wilmar and certain other assets. The gain in 2019 consisted of a gain on the sale of certain assets and a step-up gain on an equity investment. The gain in 2018 related to the sale of the Company’s oilseeds operations in Bolivia and certain other assets. (2) The charges in 2020 related to the impairment of certain assets, restructuring, and settlement. The charges in 2019 primarily related to the impairment of certain assets. The charges in 2018 related to the impairment of certain assets, restructuring, and settlement. .
(In millions) | December 31
| 2020 |  | 2019
Investments in and advances to affiliates |  |  |
Ag Services and Oilseeds | $ | 4,402 |  |  | $ | 4,662 |
Carbohydrate Solutions | 392 |  |  | 363 |
Nutrition | 102 |  |  | 98 |
Corporate | 17 |  |  | 9 |
Total | $ | 4,913 |  |  | $ | 5,132 |
Identifiable assets |  |  |
Ag Services and Oilseeds | $ | 24,792 |  |  | $ | 21,397 |
Carbohydrate Solutions | 5,963 |  |  | 6,032 |
Nutrition | 8,652 |  |  | 8,622 |
Other | 7,152 |  |  | 5,661 |
Corporate | 3,160 |  |  | 2,285 |
Total | $ | 49,719 |  |  | $ | 43,997 |
(In millions) | Year Ended December 31
| 2020 |  | 2019
Gross additions to property, plant, and equipment |  |  |
Ag Services and Oilseeds | $ | 261 |  |  | $ | 271 |
Carbohydrate Solutions | 251 |  |  | 275 |
Nutrition | 149 |  |  | 166 |
Other | 8 |  |  | 2 |
Corporate | 148 |  |  | 103 |
Total | $ | 817 |  |  | $ | 817 |
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
| 2020 |  | 2019 |  | 2018
Revenues |  |  |  |  |
United States | $ | 25,986 |  |  | $ | 27,509 |  |  | $ | 28,726 |
Switzerland | 13,819 |  |  | 13,016 |  |  | 12,911 |
Cayman Islands | 3,958 |  |  | 4,374 |  |  | 5,724 |
Brazil | 2,357 |  |  | 2,381 |  |  | 1,702 |
Mexico | 2,244 |  |  | 2,068 |  |  | 1,627 |
Germany | 1,979 |  |  | 2,026 |  |  | 2,179 |
Other Foreign | 14,012 |  |  | 13,282 |  |  | 11,472 |
| $ | 64,355 |  |  | $ | 64,656 |  |  | $ | 64,341 |
(In millions) | December 31
| 2020 |  | 2019
Long-lived assets |  |  |
United States | $ | 6,329 |  |  | $ | 6,488 |
Brazil | 781 |  |  | 869 |
Other Foreign | 2,841 |  |  | 2,749 |
| $ | 9,951 |  |  | $ | 10,106 |

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- 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=120311839&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=120395209&loc=SL114868664-224227 + Details
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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=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
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