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Segment Information | 3 Months Ended
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Mar. 31, 2020
Segment Information |
Segment Information | 13. Segment Information ​ The Company is principally engaged in the production and sale of starches and sweeteners for a wide range of industries, and is managed geographically on a regional basis. The Company’s operations are classified into four reportable business segments: North America, South America, Asia-Pacific, and EMEA. Its North America segment includes businesses in the U.S., Mexico, and Canada. The Company’s South America segment includes businesses in Brazil, Colombia, Ecuador, and the Southern Cone of South America, which includes Argentina, Peru, Chile, and Uruguay. Its Asia-Pacific segment includes businesses in South Korea, Thailand, China, Australia, Japan, Indonesia, Singapore, the Philippines, India, Malaysia, New Zealand, and Vietnam. The Company’s EMEA segment includes businesses in Pakistan, Germany, the United Kingdom, South Africa, and Kenya. The Company does not aggregate its operating segments when determining its reportable segments. Net sales by product are not presented because to do so would be impracticable. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 31, | ​
(in millions) |  | 2020 |  | 2019 |
Net sales to unaffiliated customers: | ​ | ​ | ​ | ​ | ​ | ​ | ​
North America | ​ | $ | 963 | ​ | $ | 951 | ​
South America | ​ | ​ | 237 | ​ | ​ | 228 | ​
Asia-Pacific | ​ | ​ | 189 | ​ | ​ | 203 | ​
EMEA | ​ | ​ | 154 | ​ | ​ | 154 | ​
Total net sales | ​ | $ | 1,543 | ​ | $ | 1,536 | ​
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 31, | ​
(in millions) | ​ | 2020 | ​ | 2019 | ​
Operating income: | ​ | ​ | ​ | ​ | ​ | ​ | ​
North America | ​ | $ | 125 | ​ | $ | 125 | ​
South America | ​ | ​ | 26 | ​ | ​ | 18 | ​
Asia-Pacific | ​ | ​ | 20 | ​ | ​ | 20 | ​
EMEA | ​ | ​ | 27 | ​ | ​ | 24 | ​
Corporate | ​ | ​ | (31) | ​ | ​ | (21) | ​
Subtotal | ​ | ​ | 167 | ​ | ​ | 166 | ​
Restructuring/impairment charges | ​ | ​ | (14) | ​ | ​ | (4) | ​
Acquisition/integration costs | ​ | ​ | — | ​ | ​ | (1) | ​
Total operating income | ​ | $ | 153 | ​ | $ | 161 | ​
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​ | ​ | ​ | ​ | ​ | ​
(in millions) | March 31, 2020 |  | December 31, 2019
Assets: | ​ | ​ | ​ | ​ | ​
North America (a) | $ | 3,993 | ​ | $ | 3,924
South America | ​ | 665 | ​ | ​ | 774
Asia-Pacific | ​ | 799 | ​ | ​ | 843
EMEA | ​ | 495 | ​ | ​ | 499
Total assets | $ | 5,952 | ​ | $ | 6,040
| (a) | For purposes of presentation, North America includes Corporate assets
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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