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v3.26.1

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | The following tables present data by reportable segment (in millions).
|  | Three Months Ended June 30, 2026
|  | Ag Services and Oilseeds |  | Carbohydrate Solutions |  | Nutrition |  | Total
Revenue from external customers |  | $ | 17,916 |  |  | $ | 2,757 |  |  | $ | 1,902 |  |  | $ | 22,575 |
Other Business |  |  |  |  |  |  |  | 106 |
Total consolidated revenue |  |  |  |  |  |  |  | $ | 22,681 |
Less: |  |  |  |  |  |  |  |
Cost of materials |  | 16,031 |  |  | 1,591 |  |  | 1,115 |  |  |
Manufacturing costs |  | 940 |  |  | 691 |  |  | 326 |  |  |
Selling, general, and administrative expenses |  | 229 |  |  | 96 |  |  | 300 |  |  |
Other segment items (1) |  | (151) |  |  | (32) |  |  | (11) |  |  |
Segment operating profit |  | $ | 867 |  |  | $ | 411 |  |  | $ | 172 |  |  | $ | 1,450 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |
Other Business |  |  |  |  |  |  |  | 80 |
Corporate |  |  |  |  |  |  |  | (460) |
Specified items: |  |  |  |  |  |  |  |
Gains on sales of assets and businesses |  |  |  |  |  |  |  | 21 |
Impairment, exit, restructuring charges, and settlement contingencies |  |  |  |  |  |  |  | (3) |
Earnings Before Income Taxes |  |  |  |  |  |  |  | $ | 1,088 |
(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.
|  | Six Months Ended June 30, 2026
|  | Ag Services and Oilseeds |  | Carbohydrate Solutions |  | Nutrition |  | Total
Revenue from external customers |  | $ | 33,917 |  |  | $ | 5,316 |  |  | $ | 3,707 |  |  | $ | 42,940 |
Other Business |  |  |  |  |  |  |  | 231 |
Total consolidated revenue |  |  |  |  |  |  |  | $ | 43,171 |
Less: |  |  |  |  |  |  |  |
Cost of materials |  | 30,793 |  |  | 3,052 |  |  | 2,169 |  |  |
Manufacturing costs |  | 1,834 |  |  | 1,383 |  |  | 655 |  |  |
Selling, general, and administrative expenses |  | 439 |  |  | 186 |  |  | 592 |  |  |
Other segment items (1) |  | (289) |  |  | (72) |  |  | (16) |  |  |
Segment operating profit |  | $ | 1,140 |  |  | $ | 767 |  |  | $ | 307 |  |  | $ | 2,214 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |
Other Business |  |  |  |  |  |  |  | 133 |
Corporate |  |  |  |  |  |  |  | (883) |
Specified items: |  |  |  |  |  |  |  |
Gains on sales of assets and businesses |  |  |  |  |  |  |  | 83 |
Impairment, exit, restructuring charges, and settlement contingencies |  |  |  |  |  |  |  | (20) |
ADM's share of equity method investment non-recurring (charges) |  |  |  |  |  |  |  | (55) |
Earnings Before Income Taxes |  |  |  |  |  |  |  | $ | 1,472 |
(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.
|  | Three Months Ended June 30, 2025
|  | Ag Services and Oilseeds |  | Carbohydrate Solutions |  | Nutrition |  | Total
Revenue from external customers |  | $ | 16,269 |  |  | $ | 2,792 |  |  | $ | 1,993 |  |  | $ | 21,054 |
Other Business |  |  |  |  |  |  |  | 112 |
Total consolidated revenue |  |  |  |  |  |  |  | $ | 21,166 |
Less: |  |  |  |  |  |  |  |
Cost of materials |  | 14,940 |  |  | 1,745 |  |  | 1,214 |  |  |
Manufacturing costs |  | 867 |  |  | 647 |  |  | 326 |  |  |
Selling, general, and administrative expenses |  | 223 |  |  | 83 |  |  | 284 |  |  |
Other segment items (1) |  | (140) |  |  | (20) |  |  | 55 |  |  |
Segment operating profit |  | $ | 379 |  |  | $ | 337 |  |  | $ | 114 |  |  | $ | 830 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |
Other Business |  |  |  |  |  |  |  | 94 |
Corporate |  |  |  |  |  |  |  | (498) |
Specified items: |  |  |  |  |  |  |  |
Gains on sales of assets and businesses |  |  |  |  |  |  |  | 8 |
Impairment, exit, restructuring charges, and settlement contingencies |  |  |  |  |  |  |  | (224) |
Gain on contract termination |  |  |  |  |  |  |  | 69 |
Earnings Before Income Taxes |  |  |  |  |  |  |  | $ | 279 |
(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.
|  | Six Months Ended June 30, 2025
|  | Ag Services and Oilseeds |  | Carbohydrate Solutions |  | Nutrition |  | Total
Revenue from external customers |  | $ | 31,944 |  |  | $ | 5,362 |  |  | $ | 3,810 |  |  | $ | 41,116 |
Other Business |  |  |  |  |  |  |  | 225 |
Total consolidated revenue |  |  |  |  |  |  |  | $ | 41,341 |
Less: |  |  |  |  |  |  |  |
Cost of materials |  | 29,280 |  |  | 3,347 |  |  | 2,354 |  |  |
Manufacturing costs |  | 1,747 |  |  | 1,325 |  |  | 645 |  |  |
Selling, general, and administrative expenses |  | 415 |  |  | 165 |  |  | 562 |  |  |
Other segment items (1) |  | (289) |  |  | (51) |  |  | 39 |  |  |
Segment operating profit |  | $ | 791 |  |  | $ | 576 |  |  | $ | 210 |  |  | $ | 1,577 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |
Other Business |  |  |  |  |  |  |  | 190 |
Corporate |  |  |  |  |  |  |  | (939) |
Specified items: |  |  |  |  |  |  |  |
Gains on sales of assets and businesses |  |  |  |  |  |  |  | 8 |
Impairment, exit, restructuring charges, and settlement contingencies |  |  |  |  |  |  |  | (273) |
Gain on contract termination |  |  |  |  |  |  |  | 69 |
Earnings Before Income Taxes |  |  |  |  |  |  |  | $ | 632 |
(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.
(In millions) | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Intersegment sales |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 488 |  |  | $ | 506 |  |  | $ | 910 |  |  | $ | 927 |
Carbohydrate Solutions | 194 |  |  | 207 |  |  | 392 |  |  | 406 |
Nutrition | 13 |  |  | 14 |  |  | 28 |  |  | 33 |
Total intersegment sales | $ | 695 |  |  | $ | 727 |  |  | $ | 1,330 |  |  | $ | 1,366 |
Depreciation expense |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 103 |  |  | $ | 104 |  |  | $ | 204 |  |  | $ | 203 |
Carbohydrate Solutions | 76 |  |  | 75 |  |  | 155 |  |  | 150 |
Nutrition | 41 |  |  | 38 |  |  | 83 |  |  | 75 |
Total segment depreciation expense | 220 |  |  | 217 |  |  | 442 |  |  | 428 |
Other Business | 3 |  |  | 2 |  |  | 6 |  |  | 5 |
Corporate | 10 |  |  | 9 |  |  | 19 |  |  | 19 |
Total depreciation expense | $ | 233 |  |  | $ | 228 |  |  | $ | 467 |  |  | $ | 452 |
Amortization expense |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 3 |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | 6 |
Carbohydrate Solutions | 1 |  |  | 1 |  |  | 2 |  |  | 2 |
Nutrition | 38 |  |  | 39 |  |  | 77 |  |  | 78 |
Total segment amortization expense | 42 |  |  | 43 |  |  | 85 |  |  | 86 |
Corporate | 18 |  |  | 20 |  |  | 34 |  |  | 40 |
Total amortization expense | $ | 60 |  |  | $ | 63 |  |  | $ | 119 |  |  | $ | 126 |
Interest and investment (income) expense |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 10 |  |  | $ | 9 |  |  | $ | 34 |  |  | $ | 31 |
Carbohydrate Solutions | — |  |  | — |  |  | 1 |  |  | — |
Nutrition | — |  |  | (88) |  |  | — |  |  | (88) |
Total segment interest and investment (income) expense | 10 |  |  | (79) |  |  | 35 |  |  | (57) |
Other Business | 99 |  |  | 100 |  |  | 193 |  |  | 197 |
Corporate | 7 |  |  | (91) |  |  | 13 |  |  | (72) |
Total interest and investment (income) expense | $ | 116 |  |  | $ | (70) |  |  | $ | 241 |  |  | $ | 68 |
Equity in earnings of unconsolidated affiliates |  |  |  |  |  |  |
Ag Services and Oilseeds | $ | 102 |  |  | $ | 109 |  |  | $ | 151 |  |  | $ | 219 |
Carbohydrate Solutions | 31 |  |  | 21 |  |  | 65 |  |  | 50 |
Nutrition | 8 |  |  | 5 |  |  | 13 |  |  | 12 |
Total segment equity in earnings of unconsolidated affiliates | 141 |  |  | 135 |  |  | 229 |  |  | 281 |
Corporate | 1 |  |  | (1) |  |  | 2 |  |  | (3) |
Total equity in earnings of unconsolidated affiliates | $ | 142 |  |  | $ | 134 |  |  | $ | 231 |  |  | $ | 278 |

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