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Segment Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information 10. Segment Information
We are principally engaged in the production and sale of starches and sweeteners for a wide range of industries. Our T&HS segment has a global focus and primarily manufactures texturizing food ingredients. Our F&II - LATAM segment has a local focus and primarily manufactures food, ingredient, and industrial products, which we process from raw materials that we primarily source within South America and Mexico. Our F&II - U.S./Canada segment has a local focus and primarily manufactures food, ingredient, and industrial products, which we process from raw materials sourced within the U.S. and Canada. All Other consists of the businesses of multiple operating segments that are not individually or collectively classified as reportable segments. Revenues from All Other are generated primarily by sweetener and starch sales by our Pakistan business, sales of stevia and other ingredients from our PureCircle and Sugar Reduction businesses, and pea protein ingredients from our Protein Fortification business. Net sales by product are not presented because such presentation is not practicable.
The following tables are our net sales to affiliated and unaffiliated customers by reportable segment and All Other for the periods presented:
Three Months EndedT&HSF&II - LATAMF&II - U.S./CanadaAll OtherConsolidated Totals
June 30, 2024
Net sales including intersegment sales$604 $640 $580 $109 $1,933 
Less: Intersegment sales
(16)(10)(25)(4)(55)
Net sales$588 $630 $555 $105 $1,878 
June 30, 2023
Net sales including intersegment sales$643 $675 $627 $184 $2,129 
Less: Intersegment sales
(25)(9)(23)(3)(60)
Net sales$618 $666 $604 $181 $2,069 
Six Months EndedT&HSF&II - LATAMF&II - U.S./CanadaAll OtherConsolidated Totals
June 30, 2024
Net sales including intersegment sales$1,216 $1,266 $1,147 $240 $3,869 
Less: Intersegment sales
(31)(20)(51)(7)(109)
Net sales$1,185 $1,246 $1,096 $233 $3,760 
June 30, 2023
Net sales including intersegment sales$1,341 $1,352 $1,262 $385 $4,340 
Less: Intersegment sales
(58)(19)(50)(7)(134)
Net sales$1,283 $1,333 $1,212 $378 $4,206 
The following table provides our operating income (loss) by reportable segment and All Other for the periods presented:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Operating income (loss):
Texture & Healthful Solutions$86 $105 $160 $232 
Food & Industrial Ingredients - LATAM130 101 231 223 
Food & Industrial Ingredients - U.S./Canada105 80 192 172 
All Other(10)3 (14)(5)
Corporate(41)(38)(83)(75)
Subtotal270 251 486 547 
Restructuring and resegmentation costs(3)— (6)— 
Other matters(9)— (9)(5)
Impairment charge(18)— (18)— 
Total operating income$240 $251 $453 $542 
The Chief Operating Decision Maker 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 June 30, 2024 and December 31, 2023:
As of
June 30, 2024		As of
December 31, 2023
Property, plant and equipment, net:
Texture & Healthful Solutions$838 $855 
Food & Industrial Ingredients - LATAM$516 $552 
Food & Industrial Ingredients - U.S./Canada$533 $548 
All Other (a)
$404 $415 
Total Property, plant and equipment, net$2,291 $2,370 
_____________________
(a)For purposes of presentation, All Other includes Corporate assets.