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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of segment reporting of net sales, operating income and total assets | Presented below are our net sales to affiliated and unaffiliated customers by reportable segment and All Other for the periods presented:
Three months ended |  | T&HS |  | F&II - LATAM |  | F&II - U.S./Canada |  | All Other |  |  |  | Consolidated Totals
March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Net sales including intersegment sales |  | $ | 612 |  |  | $ | 626 |  |  | $ | 567 |  |  | $ | 131 |  |  |  |  | $ | 1,936 |
Less: Intersegment sales |  | $ | (15) |  |  | $ | (10) |  |  | $ | (26) |  |  | $ | (3) |  |  |  |  | $ | (54) |
Net sales |  | $ | 597 |  |  | $ | 616 |  |  | $ | 541 |  |  | $ | 128 |  |  |  |  | $ | 1,882 |
March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Net sales including intersegment sales |  | $ | 698 |  |  | $ | 677 |  |  | $ | 635 |  |  | $ | 201 |  |  |  |  | $ | 2,211 |
Less: Intersegment sales |  | $ | (33) |  |  | $ | (10) |  |  | $ | (27) |  |  | $ | (4) |  |  |  |  | $ | (74) |
Net sales |  | $ | 665 |  |  | $ | 667 |  |  | $ | 608 |  |  | $ | 197 |  |  |  |  | $ | 2,137 |
Presented below is our operating income by reportable segment and All Other for the periods presented:
|  | Three Months Ended March 31,
|  | 2024 |  | 2023
Operating income (loss): |  |  |  |
Texture & Healthful Solutions |  | $ | 74 |  |  | $ | 127 |
Food & Industrial Ingredients - LATAM |  | 101 |  |  | 122 |
Food & Industrial Ingredients - U.S./Canada |  | 87 |  |  | 92 |
All Other |  | (4) |  |  | (8) |
Corporate |  | (42) |  |  | (37) |
Subtotal |  | 216 |  |  | 296 |
Resegmentation costs |  | (3) |  |  | — |
Other matters |  | — |  |  | (5) |
Total operating income |  | $ | 213 |  |  | $ | 291 |
The CODM evaluates performance, makes strategic decisions, and allocates resources based on Property, plant and equipment, net for internal and external reporting purposes. Presented below is Property, plant and equipment, net by reportable segment and All Other as of March 31, 2024 and December 31, 2023:
|  | As of March 31, 2024 |  | As of December 31, 2023
Property, plant and equipment, net: |  |  |  |
Texture & Healthful Solutions |  | $ | 838 |  |  | $ | 855 |
Food & Industrial Ingredients - LATAM |  | 543 |  |  | 552 |
Food & Industrial Ingredients - U.S./Canada |  | 542 |  |  | 548 |
All Other (a) |  | 411 |  |  | 415 |
Total Property, plant and equipment, net |  | $ | 2,334 |  |  | $ | 2,370 |
_____________________ (a)For purposes of presentation, All Other includes Corporate assets.

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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