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Segment Information
 9 Months Ended
Sep. 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. We divested our South Korea business on February 1, 2024 and its results are included in our consolidated financial results through the date of sale, which affects the comparability of results between years within All Other. Net sales by product are not presented because such presentation is not practicable.
The following tables present information about 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
September 30, 2024
Net sales including intersegment sales$611 $633 $567 $106 $1,917 
Less: Intersegment sales
(11)(13)(19)(4)(47)
Net sales$600 $620 $548 $102 $1,870 
September 30, 2023
Net sales including intersegment sales$625 $665 $621 $178 $2,089 
Less: Intersegment sales
(26)(7)(22)(1)(56)
Net sales$599 $658 $599 $177 $2,033 
Nine Months EndedT&HSF&II - LATAMF&II - U.S./CanadaAll OtherConsolidated Totals
September 30, 2024
Net sales including intersegment sales$1,827 $1,899 $1,714 $346 $5,786 
Less: Intersegment sales
(42)(33)(70)(11)(156)
Net sales$1,785 $1,866 $1,644 $335 $5,630 
September 30, 2023
Net sales including intersegment sales$1,966 $2,017 $1,883 $563 $6,429 
Less: Intersegment sales
(84)(26)(72)(8)(190)
Net sales$1,882 $1,991 $1,811 $555 $6,239 
The following table presents information about our operating income (loss) by reportable segment and All Other for the periods presented:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Operating income (loss):
Texture & Healthful Solutions$96 $86 $256 $318 
Food & Industrial Ingredients - LATAM131 104 362 327 
Food & Industrial Ingredients - U.S./Canada99 79 291 251 
All Other(4)(1)(18)(6)
Corporate(40)(49)(123)(124)
Subtotal282 219 768 766 
Restructuring and resegmentation costs(6)— (12)— 
Other matters— 4 (9)(1)
Impairment charges(8)(10)(26)(10)
Total operating income$268 $213 $721 $755 
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 September 30, 2024 and December 31, 2023:
As of
September 30, 2024		As of
December 31, 2023
Property, plant and equipment, net:
Texture & Healthful Solutions$867 $855 
Food & Industrial Ingredients - LATAM520 552 
Food & Industrial Ingredients - U.S./Canada543 548 
All Other (a)
402 415 
Total Property, plant and equipment, net$2,332 $2,370 
_____________________
(a)For purposes of presentation, All Other includes Corporate assets.