XML 48 R36.htm IDEA: XBRL DOCUMENT
v3.25.3

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | Segment Information for the Three and Nine Months ended September 30, 2025 and 2024 The following tables present data by reportable segment (in millions).
|  | Three Months Ended September 30, 2025
|  | Ag Services and Oilseeds |  | Carbohydrate Solutions |  | Nutrition |  | Total
Revenue from external customers |  | $ | 15,613 |  |  | $ | 2,734 |  |  | $ | 1,916 |  |  | $ | 20,263 |
Other Business |  |  |  |  |  |  |  | 109 |
Total consolidated revenue |  |  |  |  |  |  |  | $ | 20,372 |
Less: |  |  |  |  |  |  |  |
Cost of materials |  | 14,238 |  |  | 1,700 |  |  | 1,181 |  |  |
Manufacturing costs |  | 879 |  |  | 652 |  |  | 332 |  |  |
Selling, general, and administrative expenses |  | 216 |  |  | 80 |  |  | 277 |  |  |
Other segment items (1) |  | (99) |  |  | (34) |  |  | (4) |  |  |
Segment operating profit |  | $ | 379 |  |  | $ | 336 |  |  | $ | 130 |  |  | $ | 845 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |
Other Business |  |  |  |  |  |  |  | 55 |
Corporate (2) |  |  |  |  |  |  |  | (532) |
Specified items: |  |  |  |  |  |  |  |
Gains on sales of assets and businesses |  |  |  |  |  |  |  | 31 |
Impairment, exit, restructuring charges, and settlement contingencies |  |  |  |  |  |  |  | (89) |
ADM's share of equity method investment penalty charge (3) |  |  |  |  |  |  |  | (163) |
Earnings Before Income Taxes |  |  |  |  |  |  |  | $ | 147 |
(1) Other segment items for each reportable segment include: Ag Services and Oilseeds: Equity in the earnings of affiliates; interest and investment income/expense, and other income/expense. Carbohydrate Solutions: Equity in the earnings of affiliates and other income/expense. Nutrition: Equity in the earnings of affiliates; interest and investment income/expense; and other income/expense. (2) Includes a $173 million impairment charge related to previously capitalized internal-use software, presented as a specified item. See Note 14. Asset Impairment, Exit, and Restructuring Costs for further information. (3) Represents a charge recorded by the Company related to its share of a penalty imposed on Wilmar during the three months ended September 30, 2025. See Note 1. Basis of Presentation for further information.
|  | Nine Months Ended September 30, 2025
|  | Ag Services and Oilseeds |  | Carbohydrate Solutions |  | Nutrition |  | Total
Revenue from external customers |  | $ | 47,557 |  |  | $ | 8,096 |  |  | $ | 5,726 |  |  | $ | 61,379 |
Other Business |  |  |  |  |  |  |  | 334 |
Total consolidated revenue |  |  |  |  |  |  |  | $ | 61,713 |
Less: |  |  |  |  |  |  |  |
Cost of materials |  | 43,518 |  |  | 5,046 |  |  | 3,535 |  |  |
Manufacturing costs |  | 2,626 |  |  | 1,977 |  |  | 977 |  |  |
Selling, general, and administrative expenses |  | 631 |  |  | 245 |  |  | 839 |  |  |
Other segment items (1) |  | (388) |  |  | (84) |  |  | 35 |  |  |
Segment operating profit |  | $ | 1,170 |  |  | $ | 912 |  |  | $ | 340 |  |  | $ | 2,422 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |
Other Business |  |  |  |  |  |  |  | 245 |
Corporate (2) |  |  |  |  |  |  |  | (1,472) |
Specified items: |  |  |  |  |  |  |  |
Gains on sales of assets and businesses |  |  |  |  |  |  |  | 39 |
Impairment, exit, restructuring charges, and settlement contingencies |  |  |  |  |  |  |  | (361) |
Gain on contract termination |  |  |  |  |  |  |  | 69 |
ADM's share of equity method investment penalty charge (3) |  |  |  |  |  |  |  | (163) |
Earnings Before Income Taxes |  |  |  |  |  |  |  | $ | 779 |
(1) Other segment items for each reportable segment include: Ag Services and Oilseeds: Equity in the earnings of affiliates; interest and investment income/expense; and other income/expense. Carbohydrate Solutions: Equity in the earnings of affiliates and other income/expense. Nutrition: Equity in the earnings of affiliates; interest and investment income/expense; and other income/expense. (2) Includes a $173 million impairment charge related to previously capitalized internal-use software, presented as a specified item. See Note 14. Asset Impairment, Exit, and Restructuring Costs for further information. (3) Represents a charge recorded by the Company related to its share of a penalty imposed on Wilmar during the nine months ended September 30, 2025. See Note 1. Basis of Presentation for further information.
|  | Three Months Ended September 30, 2024
|  | Ag Services and Oilseeds |  | Carbohydrate Solutions |  | Nutrition |  | Total
Revenue from external customers |  | $ | 15,089 |  |  | $ | 2,908 |  |  | $ | 1,831 |  |  | $ | 19,828 |
Other Business |  |  |  |  |  |  |  | 109 |
Total consolidated revenue |  |  |  |  |  |  |  | $ | 19,937 |
Less: |  |  |  |  |  |  |  |
Cost of materials |  | 13,680 |  |  | 1,815 |  |  | 1,160 |  |  |
Manufacturing costs |  | 853 |  |  | 660 |  |  | 315 |  |  |
Selling, general, and administrative expenses |  | 216 |  |  | 73 |  |  | 288 |  |  |
Other segment items (1) |  | (140) |  |  | (92) |  |  | (37) |  |  |
Segment operating profit |  | $ | 480 |  |  | $ | 452 |  |  | $ | 105 |  |  | $ | 1,037 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |
Other Business |  |  |  |  |  |  |  | (17) |
Corporate |  |  |  |  |  |  |  | (409) |
Specified items: |  |  |  |  |  |  |  |
Gains on sales of assets and businesses |  |  |  |  |  |  |  | 1 |
Impairment, exit, restructuring charges, and settlement contingencies (2) |  |  |  |  |  |  |  | (504) |
Earnings Before Income Taxes |  |  |  |  |  |  |  | $ | 108 |
(1) Other segment items for each reportable segment include: Ag Services and Oilseeds: Equity in the earnings of affiliates; interest and investment income/expense; and other income/expense. Carbohydrate Solutions: Equity in the earnings of affiliates and other income/expense. Nutrition: Equity in the earnings of affiliates and other income/expense. (2) Includes a $461 million impairment charge related to the Company’s investment in Wilmar.
|  | Nine Months Ended September 30, 2024
|  | Ag Services and Oilseeds |  | Carbohydrate Solutions |  | Nutrition |  | Total
Revenue from external customers |  | $ | 49,642 |  |  | $ | 8,484 |  |  | $ | 5,575 |  |  | $ | 63,701 |
Other Business |  |  |  |  |  |  |  | 331 |
Total consolidated revenue |  |  |  |  |  |  |  | $ | 64,032 |
Less: |  |  |  |  |  |  |  |
Cost of materials |  | 45,103 |  |  | 5,408 |  |  | 3,520 |  |  |
Manufacturing costs |  | 2,529 |  |  | 1,940 |  |  | 925 |  |  |
Selling, general, and administrative expenses |  | 677 |  |  | 243 |  |  | 877 |  |  |
Other segment items (1) |  | (470) |  |  | (164) |  |  | (45) |  |  |
Segment operating profit |  | $ | 1,803 |  |  | $ | 1,057 |  |  | $ | 298 |  |  | $ | 3,158 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |
Other Business |  |  |  |  |  |  |  | 200 |
Corporate |  |  |  |  |  |  |  | (1,254) |
Specified items: |  |  |  |  |  |  |  |
Gains on sales of assets and businesses |  |  |  |  |  |  |  | 1 |
Impairment, exit, restructuring charges, and settlement contingencies (2) |  |  |  |  |  |  |  | (517) |
Earnings Before Income Taxes |  |  |  |  |  |  |  | $ | 1,588 |
(1) Other segment items for each reportable segment include: Ag Services and Oilseeds: Equity in the earnings of affiliates; interest and investment income/expense; and other income/expense. Carbohydrate Solutions: Equity in the earnings of affiliates and other income/expense. Nutrition: Equity in the earnings of affiliates and other income/expense. (2) Includes a $461 million impairment charge related to the Company’s investment in Wilmar.
(In millions) | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Intersegment sales |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 418 |  |  | $ | 463 |  |  | $ | 1,345 |  |  | $ | 1,320 |
Carbohydrate Solutions | 223 |  |  | 247 |  |  | 629 |  |  | 680 |
Nutrition | 16 |  |  | 23 |  |  | 48 |  |  | 55 |
Total intersegment sales | $ | 657 |  |  | $ | 733 |  |  | $ | 2,022 |  |  | $ | 2,055 |
Depreciation expense |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 105 |  |  | $ | 94 |  |  | $ | 308 |  |  | $ | 280 |
Carbohydrate Solutions | 75 |  |  | 77 |  |  | 225 |  |  | 229 |
Nutrition | 42 |  |  | 40 |  |  | 117 |  |  | 113 |
Total segment depreciation expense | 222 |  |  | 211 |  |  | 650 |  |  | 622 |
Other Business | 2 |  |  | 2 |  |  | 7 |  |  | 7 |
Corporate | 10 |  |  | 8 |  |  | 29 |  |  | 25 |
Total depreciation expense | $ | 234 |  |  | $ | 221 |  |  | $ | 686 |  |  | $ | 654 |
Amortization expense |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 3 |  |  | $ | 3 |  |  | $ | 9 |  |  | $ | 10 |
Carbohydrate Solutions | 1 |  |  | 1 |  |  | 4 |  |  | 4 |
Nutrition | 39 |  |  | 40 |  |  | 117 |  |  | 120 |
Total segment amortization expense | 43 |  |  | 44 |  |  | 130 |  |  | 134 |
Corporate | 18 |  |  | 22 |  |  | 58 |  |  | 66 |
Total amortization expense | $ | 61 |  |  | $ | 66 |  |  | $ | 188 |  |  | $ | 200 |
Interest and investment income (expense) |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 10 |  |  | $ | 14 |  |  | $ | 40 |  |  | $ | 35 |
Nutrition | — |  |  | — |  |  | (88) |  |  | — |
Total segment interest and investment income (expense) | 10 |  |  | 14 |  |  | (48) |  |  | 35 |
Other Business | 109 |  |  | 115 |  |  | 306 |  |  | 357 |
Corporate | 2 |  |  | 8 |  |  | (69) |  |  | 8 |
Total interest and investment income (expense) | $ | 121 |  |  | $ | 137 |  |  | $ | 189 |  |  | $ | 400 |
Equity in (losses) earnings of unconsolidated affiliates |  |  |  |  |  |  |
Ag Services and Oilseeds(1) | $ | (77) |  |  | $ | 89 |  |  | $ | 142 |  |  | $ | 387 |
Carbohydrate Solutions | 27 |  |  | 37 |  |  | 77 |  |  | 99 |
Nutrition | 9 |  |  | 9 |  |  | 21 |  |  | 21 |
Total segment equity in (losses) earnings of unconsolidated affiliates | (41) |  |  | 135 |  |  | 240 |  |  | 507 |
Corporate | — |  |  | (1) |  |  | (3) |  |  | (9) |
Total equity in (losses) earnings of unconsolidated affiliates | $ | (41) |  |  | $ | 134 |  |  | $ | 237 |  |  | $ | 498 |
(1) Includes the Company’s share of a penalty imposed on Wilmar for the three and nine months ended September 30, 2025. See Note 1. Basis of Presentation for further information.

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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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