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Information by Segment and Geographic Region
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Information by Segment and Geographic Region 12. Information by Segment and Geographic Region
On November 7, 2023, we announced that we intend to realign our operations into new segments beginning in the first quarter of 2024.
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
September 30,		Nine Months Ended
September 30,
(in millions)2023202220232022
Net sales to unaffiliated customers:
North America$1,300 $1,262 $3,998 $3,720 
South America269 293 795 835 
Asia-Pacific272 278 816 825 
EMEA192 190 630 579 
Total net sales$2,033 $2,023 $6,239 $5,959 
Presented below is our operating income by reportable segment for the periods indicated:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2023202220232022
Operating income:
North America$171 $126 $575 $443 
South America32 48 96 125 
Asia-Pacific33 27 88 70 
EMEA 32 30 131 90 
Corporate(49)(40)(124)(109)
Subtotal219 191 766 619 
Acquisition/integration costs— — — (1)
Restructuring/impairment charges(10)— (10)(4)
Other matters4 (9)(1)(9)
Total operating income$213 $182 $755 $605 
Presented below are our total assets by reportable segment as of September 30, 2023 and December 31, 2022:
(in millions)As of
September 30, 2023		As of
December 31, 2022
Assets:
North America (a)
$4,537 $4,499 
South America926 949 
Asia-Pacific1,418 1,467 
EMEA668 646 
Total assets$7,549 $7,561 
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(a)For purposes of presentation, North America includes Corporate assets.