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Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

Segment Information

Schedule of segment reporting of net sales, operating income and total assets

		Three Months Ended
		March 31,
(in millions)		2019			2018
Net sales to unaffiliated customers:
North America:
Net sales before shipping and handling costs		$	951		$	958
Less: shipping and handling costs			91			84
Net sales		$	860		$	874
South America:
Net sales before shipping and handling costs		$	228		$	262
Less: shipping and handling costs			10			13
Net sales		$	218		$	249
Asia-Pacific:
Net sales before shipping and handling costs		$	203		$	203
Less: shipping and handling costs			9			9
Net sales		$	194		$	194
EMEA:
Net sales before shipping and handling costs		$	154		$	158
Less: shipping and handling costs			6			6
Net sales		$	148		$	152

		Three Months Ended
		March 31,
(in millions)		2019			2018
Operating income:
North America		$	125		$	143
South America			18			26
Asia-Pacific			20			23
EMEA			24			31
Corporate			(21)			(23)
Subtotal			166			200
Restructuring/impairment charges (a)			(4)			(3)
Acquisition/integration costs			(1)			—
Total operating income		$	161		$	197

(a) During the first quarter in 2019, the Company recorded $4 million of pre-tax restructuring charges, comprised of $3 million of employee-related severance and other costs as part of the Cost Smart SG&A program and $1 million in other costs as part of the Cost Smart cost of sales program in relation to the cessation of wet-milling at the Stockton, California plant.

		As of			As of
(in millions)		March 31, 2019			December 31, 2018
Total assets:
North America (a)		$	3,919		$	3,737
South America			711			711
Asia-Pacific			806			792
EMEA			496			488
Total		$	5,932		$	5,728

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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.

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-Publisher FASB
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