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Revenues | 12 Months Ended
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Dec. 31, 2024
Revenues [Abstract] |
Revenues | Revenues The following tables present revenue disaggregated by timing of recognition and major product lines for the years ended December 31, 2024, 2023, and 2022 (in millions).
| Year Ended December 31, 2024
| Topic 606 Revenue | Topic 815(1) | Total
| Point in Time | Over Time | Total | Revenue | Revenues
Ag Services and Oilseeds |  |  |  |  |
Ag Services | 3,779 |  | $ | 923 |  | $ | 4,702 |  | $ | 39,381 |  | $ | 44,083 |
Crushing | 462 |  | — |  | 462 |  | 11,374 |  | 11,836 |
Refined Products and Other | 2,447 |  | — |  | 2,447 |  | 8,150 |  | 10,597 |
Total Ag Services and Oilseeds | 6,688 |  | 923 |  | 7,611 |  | 58,905 |  | 66,516 |
Carbohydrate Solutions |  |  |  |  |
Starches and Sweeteners | 6,335 |  | — |  | 6,335 |  | 2,252 |  | 8,587 |
Vantage Corn Processors | 2,647 |  | — |  | 2,647 |  | — |  | 2,647 |
Total Carbohydrate Solutions | 8,982 |  | — |  | 8,982 |  | 2,252 |  | 11,234 |
Nutrition |  |  |  |  |
Human Nutrition | 3,944 |  | — |  | 3,944 |  | — |  | 3,944 |
Animal Nutrition | 3,405 |  | — |  | 3,405 |  | — |  | 3,405 |
Total Nutrition | 7,349 |  | — |  | 7,349 |  | — |  | 7,349 |
Total Segment Revenues | 23,019 |  | 923 |  | 23,942 |  | 61,157 |  | 85,099 |
Other Business | 431 |  | — |  | 431 |  | — |  | 431 |
Total Revenues | $ | 23,450 |  | $ | 923 |  | $ | 24,373 |  | $ | 61,157 |  | $ | 85,530 |
| Year Ended December 31, 2023
| Topic 606 Revenue | Topic 815(1) | Total
| Point in Time | Over Time | Total | Revenue | Revenues
Ag Services and Oilseeds |  |  |  |  |
Ag Services | $ | 4,110 |  | $ | 761 |  | $ | 4,871 |  | $ | 42,549 |  | $ | 47,420 |
Crushing | 470 |  | — |  | 470 |  | 13,550 |  | 14,020 |
Refined Products and Other | 2,295 |  | — |  | 2,295 |  | 9,691 |  | 11,986 |
Total Ag Services and Oilseeds | 6,875 |  | 761 |  | 7,636 |  | 65,790 |  | 73,426 |
Carbohydrate Solutions |  |  |  |  |
Starches and Sweeteners | 7,431 |  | — |  | 7,431 |  | 2,454 |  | 9,885 |
Vantage Corn Processors | 2,989 |  | — |  | 2,989 |  | — |  | 2,989 |
Total Carbohydrate Solutions | 10,420 |  | — |  | 10,420 |  | 2,454 |  | 12,874 |
Nutrition |  |  |  |  |
Human Nutrition | 3,634 |  | — |  | 3,634 |  | — |  | 3,634 |
Animal Nutrition | 3,577 |  | — |  | 3,577 |  | — |  | 3,577 |
Total Nutrition | 7,211 |  | — |  | 7,211 |  | — |  | 7,211 |
Total Segment Revenues | 24,506 |  | 761 |  | 25,267 |  | 68,244 |  | 93,511 |
Other Business | 424 |  | — |  | 424 |  | — |  | 424 |
Total Revenues | $ | 24,930 |  | $ | 761 |  | $ | 25,691 |  | $ | 68,244 |  | $ | 93,935 |
| Year Ended December 31, 2022
| Topic 606 Revenue | Topic 815(1) | Total
| Point in Time | Over Time | Total | Revenue | Revenues
Ag Services and Oilseeds |  |  |  |  |
Ag Services | $ | 4,053 |  | $ | 818 |  | $ | 4,871 |  | $ | 48,310 |  | $ | 53,181 |
Crushing | 573 |  | — |  | 573 |  | 12,566 |  | 13,139 |
Refined Products and Other | 2,724 |  | — |  | 2,724 |  | 10,519 |  | 13,243 |
Total Ag Services and Oilseeds | 7,350 |  | 818 |  | 8,168 |  | 71,395 |  | 79,563 |
Carbohydrate Solutions |  |  |  |  |
Starches and Sweeteners | 7,696 |  | — |  | 7,696 |  | 2,555 |  | 10,251 |
Vantage Corn Processors | 3,710 |  | — |  | 3,710 |  | — |  | 3,710 |
Total Carbohydrate Solutions | 11,406 |  | — |  | 11,406 |  | 2,555 |  | 13,961 |
Nutrition |  |  |  |  |
Human Nutrition | 3,769 |  | — |  | 3,769 |  | — |  | 3,769 |
Animal Nutrition | 3,867 |  | — |  | 3,867 |  | — |  | 3,867 |
Total Nutrition | 7,636 |  | — |  | 7,636 |  | — |  | 7,636 |
Total Segment Revenues | 26,392 |  | 818 |  | 27,210 |  | 73,950 |  | 101,160 |
Other Business | 396 |  | — |  | 396 |  | — |  | 396 |
Total Revenues | $ | 26,788 |  | $ | 818 |  | $ | 27,606 |  | $ | 73,950 |  | $ | 101,556 |
(1) Topic 815 revenue relates to the physical delivery or the settlement of the Company’s sales contracts accounted for as derivatives and are outside the scope of Topic 606. Ag Services and Oilseeds The Ag Services and Oilseeds segment generates revenue from the sale of commodities, from service fees for the transportation of goods, from the sale of products manufactured in its global processing facilities, and from its structured trade finance activities. The Company engages in various structured trade finance activities to leverage its global trade flows whereby the Company obtains letters of credit (LCs) to guarantee payments on both global purchases and sales of grain. LCs guaranteeing payment on grain sales are sold on a non-recourse basis with no continuing involvement. The Company earns returns from the difference in interest rates between the LCs that guarantee payment on the underlying purchases and sales of grain given the differing risk profiles of the underlying transactions. The net return related to structured trade finance activities is included in revenue and was not significant for the years ended December 31, 2024, 2023, and 2022. Carbohydrate Solutions The Carbohydrate Solutions segment generates revenue from the sale of products manufactured at the Company’s global corn and wheat milling facilities around the world. Revenue is recognized when control over products is transferred to the customer. Products are shipped to customers from the Company’s various facilities and from its network of storage terminals. The amount of revenue recognized is based on the consideration specified in the contract which could include freight and other costs depending on the specific shipping terms of each contract. Nutrition The Nutrition segment sells ingredients and solutions including plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, postbiotics, enzymes, botanical extracts, edible beans, formula feeds, animal health and nutrition products, pet food and treats, and other specialty food and feed ingredients. Revenue is recognized when control over products is transferred to the customer. The amount of revenue recognized follows the contracted price or the mutually agreed price of the product. Other Business Other Business includes the Company’s futures commission business whose primary sources of revenue are commissions and brokerage income generated from executing orders and clearing futures contracts and options on futures contracts on behalf of its customers. Commissions and brokerage revenue are recognized on the date the transaction is executed. Other Business also includes the Company’s captive insurance business which generates third party revenue through its proportionate share of premiums from third-party reinsurance pools. Reinsurance premiums are recognized on a straight-line basis over the period underlying the policy.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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