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Investments In And Advances To Affiliates | 12 Months Ended
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Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Investments In And Advances To Affiliates | Investments in and Advances to Affiliates The Company applies the equity method of accounting for investments in investees over which ADM has the ability to exercise significant influence, including the Company’s 22.3% and 22.2% share ownership in Wilmar as of December 31, 2021 and 2020, respectively. As of December 31, 2021, the Company also holds equity method investments in Pacificor (32.2%), Stratas Foods LLC (50.0%), Edible Oils Limited (50.0%), Olenex (37.5%), SoyVen (50.0%), Hungrana Ltd (50.0%), Almidones Mexicanos S.A. (50.0%), Red Star Yeast Company, LLC (40.0%), and Aston Foods and Food Ingredients (50.0%). The Company had 63 and 60 unconsolidated domestic and foreign affiliates as of December 31, 2021 and 2020, respectively. The following table summarizes the combined balance sheets as of December 31, 2021 and 2020, and the combined statements of earnings of the Company’s unconsolidated affiliates for the years ended December 31, 2021, 2020, and 2019.
| December 31
(In millions) | 2021 |  | 2020
Current assets | $ | 34,955 |  |  | $ | 29,508 |
Non-current assets | 27,938 |  |  | 23,853 |
Current liabilities | (30,002) |  |  | (25,969) |
Non-current liabilities | (8,362) |  |  | (7,191) |
Noncontrolling interests | (2,630) |  |  | (1,075) |
Net assets | $ | 21,899 |  |  | $ | 19,126 |
| Year Ended December 31
(In millions) | 2021 |  | 2020 |  | 2019
Revenues | $ | 87,528 |  |  | $ | 59,195 |  |  | $ | 50,596 |
Gross profit | 7,719 |  |  | 5,070 |  |  | 5,334 |
Net income | 2,315 |  |  | 2,093 |  |  | 1,455 |
The Company’s share of the undistributed earnings of its unconsolidated affiliates as of December 31, 2021 is $2.8 billion. The Company’s investment in Wilmar has a carrying value of $4.0 billion as of December 31, 2021, and a market value of $4.3 billion based on quoted market price converted to U.S. dollars at the applicable exchange rate at December 31, 2021. The Company provides credit facilities totaling $106 million to five unconsolidated affiliates. Two facilities that bear interest between 0.00% and 2.67% have a total outstanding balance of $32 million. The other three facilities have no outstanding balance as of December 31, 2021. The outstanding balance is included in other current assets in the accompanying consolidated balance sheet. Net sales to unconsolidated affiliates during the years ended December 31, 2021, 2020, and 2019 were $6.6 billion, $4.7 billion, and $4.9 billion, respectively. Accounts receivable due from unconsolidated affiliates as of December 31, 2021 and 2020 was $274 million and $197 million, respectively.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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