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v3.23.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Segment Information |
| Three Months Ended |  |
| March 31, |  |
(In millions) | 2023 |  | 2022 |  |  |  |
Gross revenues |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 19,914 |  |  | $ | 19,132 |  |  |  |  |
Carbohydrate Solutions | 4,266 |  |  | 4,180 |  |  |  |  |
Nutrition | 1,944 |  |  | 1,966 |  |  |  |  |
Other Business | 103 |  |  | 107 |  |  |  |  |
Intersegment elimination | (2,155) |  |  | (1,735) |  |  |  |  |
Total gross revenues | $ | 24,072 |  |  | $ | 23,650 |  |  |  |  |
Intersegment sales |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 1,335 |  |  | $ | 879 |  |  |  |  |
Carbohydrate Solutions | 729 |  |  | 814 |  |  |  |  |
Nutrition | 91 |  |  | 42 |  |  |  |  |
Total intersegment sales | $ | 2,155 |  |  | $ | 1,735 |  |  |  |  |
Revenues from external customers |  |  |  |  |  |  |
Ag Services and Oilseeds |  |  |  |  |  |  |
Ag Services | $ | 11,695 |  |  | $ | 11,847 |  |  |  |  |
Crushing | 3,683 |  |  | 3,222 |  |  |  |  |
Refined Products and Other | 3,201 |  |  | 3,184 |  |  |  |  |
Total Ag Services and Oilseeds | 18,579 |  |  | 18,253 |  |  |  |  |
Carbohydrate Solutions |  |  |  |  |  |  |
Starches and Sweeteners | 2,737 |  |  | 2,498 |  |  |  |  |
Vantage Corn Processors | 800 |  |  | 868 |  |  |  |  |
Total Carbohydrate Solutions | 3,537 |  |  | 3,366 |  |  |  |  |
Nutrition |  |  |  |  |  |  |
Human Nutrition | 936 |  |  | 958 |  |  |  |  |
Animal Nutrition | 917 |  |  | 966 |  |  |  |  |
Total Nutrition | 1,853 |  |  | 1,924 |  |  |  |  |
Other Business | 103 |  |  | 107 |  |  |  |  |
Total revenues from external customers | $ | 24,072 |  |  | $ | 23,650 |  |  |  |  |
| Three Months Ended |  |
| March 31, |  |
(In millions) | 2023 |  | 2022 |  |  |  |
Segment operating profit |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 1,210 |  |  | $ | 1,008 |  |  |  |  |
Carbohydrate Solutions | 273 |  |  | 317 |  |  |  |  |
Nutrition | 145 |  |  | 189 |  |  |  |  |
Other Business | 97 |  |  | 42 |  |  |  |  |
Specified Items: |  |  |  |  |  |  |
Gains on sales of assets(1) | 1 |  |  | 1 |  |  |  |  |
Impairment, restructuring, and settlement charges(2) | (7) |  |  | (18) |  |  |  |  |
Total segment operating profit | 1,719 |  |  | 1,539 |  |  |  |  |
Corporate | (322) |  |  | (268) |  |  |  |  |
Earnings before income taxes | $ | 1,397 |  |  | $ | 1,271 |  |  |  |  |
(1) Current and prior-year quarter gains were related to the sale of certain assets. (2) Current quarter charges were related to the impairment of certain assets and restructuring. Prior-year quarter charges were related to the impairment of certain Ukraine assets, partially offset by an insurance settlement.

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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