XML 43 R31.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting of Net Sales, Operating Income and Total Assets

The following tables 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
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 Ended						T&HS						F&II - LATAM						F&II - U.S./Canada						All Other						Consolidated 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,
						2024						2023						2024						2023
Operating income (loss):
Texture & Healthful Solutions						$	86					$	105					$	160					$	232
Food & Industrial Ingredients - LATAM						130						101						231						223
Food & Industrial Ingredients - U.S./Canada						105						80						192						172
All Other						(10)						3						(14)						(5)
Corporate						(41)						(38)						(83)						(75)
Subtotal						270						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.

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration