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Segment Information | 6 Months Ended
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Jun. 30, 2021
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 has aggregated the PureCircle operating segment into the Asia-Pacific reportable segment. Net sales by product are not presented because to do so would be impracticable. ​ Presented below are the Company’s Net sales to unaffiliated customers by reportable segment for the three months ended June 30, 2021 and 2020. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
(in millions) |  | 2021 |  | 2020 | ​ | 2021 |  | 2020 |
Net sales to unaffiliated customers: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
North America | ​ | $ | 1,068 | ​ | $ | 848 | ​ | $ | 2,013 | ​ | $ | 1,811 | ​
South America | ​ | ​ | 268 | ​ | ​ | 182 | ​ | ​ | 541 | ​ | ​ | 419 | ​
Asia-Pacific | ​ | ​ | 248 | ​ | ​ | 187 | ​ | ​ | 483 | ​ | ​ | 376 | ​
EMEA | ​ | ​ | 178 | ​ | ​ | 132 | ​ | ​ | 339 | ​ | ​ | 286 | ​
Total net sales | ​ | $ | 1,762 | ​ | $ | 1,349 | ​ | $ | 3,376 | ​ | $ | 2,892 | ​
​ Presented below is the Company’s Operating income by reportable business segment for the three months ended June 30, 2021, and 2020.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
(in millions) | ​ | 2021 |  | 2020 | ​ | 2021 | ​ | 2020 | ​
Operating income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
North America | ​ | $ | 149 | ​ | $ | 101 | ​ | $ | 283 | ​ | $ | 226 | ​
South America | ​ | ​ | 33 | ​ | ​ | 13 | ​ | ​ | 73 | ​ | ​ | 39 | ​
Asia-Pacific | ​ | ​ | 24 | ​ | ​ | 22 | ​ | ​ | 49 | ​ | ​ | 42 | ​
EMEA | ​ | ​ | 32 | ​ | ​ | 21 | ​ | ​ | 63 | ​ | ​ | 48 | ​
Corporate | ​ | ​ | (30) | ​ | ​ | (30) | ​ | ​ | (59) | ​ | ​ | (61) | ​
Subtotal | ​ | ​ | 208 | ​ | ​ | 127 | ​ | ​ | 409 | ​ | ​ | 294 | ​
Acquisition/integration costs | ​ | ​ | (4) | ​ | ​ | (3) | ​ | ​ | (5) | ​ | ​ | (3) | ​
Equity method acquisition charges | ​ | ​ | 7 | ​ | ​ | — | ​ | ​ | 7 | ​ | ​ | — | ​
Restructuring/impairment charges | ​ | ​ | (4) | ​ | ​ | (11) | ​ | ​ | (14) | ​ | ​ | (25) | ​
Assets held for sale impairment | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (360) | ​ | ​ | — | ​
Other matters | ​ | ​ | 15 | ​ | ​ | — | ​ | ​ | 15 | ​ | ​ | — | ​
Total operating income | ​ | $ | 222 | ​ | $ | 113 | ​ | $ | 52 | ​ | $ | 266 | ​
​ Presented below are the Company’s total assets by reportable segment as of June 30, 2021, and December 31, 2020.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of | ​ | As of | ​
(in millions) | ​ | June 30, 2021 |  | December 31, 2020 | ​
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
North America (a) | ​ | $ | 4,279 | ​ | $ | 4,231 | ​
South America | ​ | ​ | 862 | ​ | ​ | 818 | ​
Asia-Pacific | ​ | ​ | 1,331 | ​ | ​ | 1,255 | ​
EMEA | ​ | ​ | 626 | ​ | ​ | 554 | ​
Total assets | ​ | $ | 7,098 | ​ | $ | 6,858 | ​
| (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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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