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Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

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

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 Ended						T&HS						F&II - LATAM						F&II - U.S./Canada						All Other						Consolidated 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 Ended						T&HS						F&II - LATAM						F&II - U.S./Canada						All Other						Consolidated 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,
						2024						2023						2024						2023
Operating income (loss):
Texture & Healthful Solutions						$	96					$	86					$	256					$	318
Food & Industrial Ingredients - LATAM						131						104						362						327
Food & Industrial Ingredients - U.S./Canada						99						79						291						251
All Other						(4)						(1)						(18)						(6)
Corporate						(40)						(49)						(123)						(124)
Subtotal						282						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 - LATAM						520						552
Food & Industrial Ingredients - U.S./Canada						543						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.

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

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- References

No definition available.

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