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Information by Segment and Geographic Region
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Information by Segment and Geographic Region Information by Segment and Geographic Region
We are principally engaged in the production and sale of starches and sweeteners for a wide range of industries and we are managed geographically on a regional basis. The nature, amount, timing and uncertainty of our Net sales are managed by us primarily based on our geographic segments, which we classify and report as North America, South America, Asia-Pacific and Europe, the Middle East, and Africa ("EMEA"). Our North America segment includes businesses in the U.S., Mexico and Canada. Our South America segment includes businesses and our share of earnings from investments in joint ventures in Brazil, Argentina, Chile, Colombia, Ecuador, Peru and Uruguay. Our Asia-Pacific segment includes businesses in South Korea, Thailand, China, Australia, Japan, New Zealand, Indonesia, Singapore, the Philippines, Malaysia, India and Vietnam. Our EMEA segment includes businesses in Pakistan, Germany, Poland, the United Kingdom and South Africa. Net sales by product are not presented because to do so would be impracticable.
Presented below are our net sales to unaffiliated customers by reportable segment for the periods indicated:
Three Months Ended
March 31,
(in millions)20232022
Net sales to unaffiliated customers:
North America$1,356 $1,174 
South America269 252 
Asia-Pacific277 272 
EMEA235 194 
Total net sales$2,137 $1,892 
Presented below is our operating income by reportable segment for the periods indicated:
Three Months Ended
March 31,
(in millions)20232022
Operating income:
North America$207 $156 
South America41 38 
Asia-Pacific28 22 
EMEA 57 31 
Corporate(37)(34)
Subtotal296 213 
Acquisition/integration costs— (1)
Restructuring/impairment charges— (2)
Other matters(5)— 
Total operating income$291 $210 
Presented below are our total assets by reportable segment as of March 31, 2023 and December 31, 2022:
(in millions)As of
March 31, 2023		As of
December 31, 2022
Assets:
North America (a)
$4,614 $4,499 
South America907 949 
Asia-Pacific1,456 1,467 
EMEA668 646 
Total assets$7,645 $7,561 
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(a)For purposes of presentation, North America includes Corporate assets.