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Segment and Geographical Information (Tables) | 12 Months Ended
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Dec. 31, 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, significant segment costs and adjusted operating income by reportable segment and All Other for the periods presented:
| December 31, 2024
| T&HS |  | F&II - LATAM |  | F&II - U.S./Canada |  | All Other |  | Corporate |  | Total
Segment net sales | $ | 2,417 |  |  | $ | 2,497 |  |  | $ | 2,244 |  |  | $ | 475 |  |  | $ | — |  |  |
Inter-segment net sales | (51) |  |  | (47) |  |  | (89) |  |  | (16) |  |  | — |  |  |
Net sales to unaffiliated customers | $ | 2,366 |  |  | $ | 2,450 |  |  | $ | 2,155 |  |  | $ | 459 |  |  | $ | — |  |  | $ | 7,430 |
Segment cost of sales | $ | 1,715 |  |  | $ | 1,820 |  |  | $ | 1,691 |  |  | $ | 407 |  |  | — |  |  |
Other operating expenses | 301 |  |  | 147 |  |  | 91 |  |  | 74 |  |  | 168 |  |  |
Adjusted operating income (loss) | $ | 350 |  |  | $ | 483 |  |  | $ | 373 |  |  | $ | (22) |  |  | $ | (168) |  |  | $ | 1,016 |
Unallocated (costs) (i) |  |  |  |  |  |  |  |  |  |  | (133) |
Operating income |  |  |  |  |  |  |  |  |  |  | $ | 883 |
| December 31, 2023
| T&HS |  | F&II - LATAM |  | F&II - U.S./Canada |  | All Other |  | Corporate |  | Total
Segment net sales | $ | 2,566 |  |  | $ | 2,668 |  |  | $ | 2,429 |  |  | $ | 743 |  |  | $ | — |  |  |
Inter-segment net sales | (106) |  |  | (35) |  |  | (94) |  |  | (11) |  |  | — |  |  |
Net sales to unaffiliated customers | $ | 2,460 |  |  | $ | 2,633 |  |  | $ | 2,335 |  |  | $ | 732 |  |  | $ | — |  |  | $ | 8,160 |
Segment cost of sales | $ | 1,759 |  |  | $ | 2,054 |  |  | $ | 1,951 |  |  | $ | 647 |  |  | $ | — |  |  |
Other operating expenses | 307 |  |  | 127 |  |  | 86 |  |  | 87 |  |  | 173 |  |  |
Adjusted operating income (loss) | $ | 394 |  |  | $ | 452 |  |  | $ | 298 |  |  | $ | (2) |  |  | $ | (173) |  |  | $ | 969 |
Unallocated (costs) (i) |  |  |  |  |  |  |  |  |  |  | (12) |
Operating income |  |  |  |  |  |  |  |  |  |  | $ | 957 |
| December 31, 2022
| T&HS |  | F&II - LATAM |  | F&II - U.S./Canada |  | All Other |  | Corporate |  | Total
Segment net sales | $ | 2,527 |  |  | $ | 2,628 |  |  | $ | 2,303 |  |  | $ | 893 |  |  | $ | — |  |  |
Inter-segment net sales | (185) |  |  | (59) |  |  | (101) |  |  | (60) |  |  | — |  |  |
Net sales to unaffiliated customers | $ | 2,342 |  |  | $ | 2,569 |  |  | $ | 2,202 |  |  | $ | 833 |  |  | $ | — |  |  | $ | 7,946 |
Segment cost of sales | $ | 1,771 |  |  | $ | 2,018 |  |  | $ | 1,916 |  |  | $ | 747 |  |  | $ | — |  |  |
Other operating expenses | 274 |  |  | 114 |  |  | 77 |  |  | 92 |  |  | 150 |  |  |
Adjusted operating income (loss) | $ | 297 |  |  | $ | 437 |  |  | $ | 209 |  |  | $ | (6) |  |  | $ | (150) |  |  | $ | 787 |
Unallocated (costs) (i) |  |  |  |  |  |  |  |  |  |  | (25) |
Operating income |  |  |  |  |  |  |  |  |  |  | $ | 762 |
(i) Unallocated (costs): |  | 2024 |  | 2023 |  | 2022
Acquisition/integration costs |  | $ | — |  |  | $ | — |  |  | $ | (1) |
Restructuring and resegmentation costs |  | (18) |  |  | (1) |  |  | (4) |
Impairment charges |  | (109) |  |  | (10) |  |  | — |
Other matters |  | (6) |  |  | (1) |  |  | (20) |
Total unallocated (costs) |  | $ | (133) |  |  | $ | (12) |  |  | $ | (25) |
Property, plant and equipment, net, by reportable segment and All Other as of December 31, 2024 and 2023 were as follows:
|  | As of December 31,
|  | 2024 |  | 2023
Texture & Healthful Solutions |  | $ | 884 |  |  | $ | 855 |
Food & Industrial Ingredients - LATAM |  | 508 |  |  | 552 |
Food & Industrial Ingredients - U.S./Canada |  | 556 |  |  | 548 |
All Other (i) |  | 316 |  |  | 415 |
Total property, plant and equipment, net |  | $ | 2,264 |  |  | $ | 2,370 |
_____________________ (i)For purposes of presentation, All Other includes Corporate assets. Depreciation and amortization, mechanical stores expense, capital expenditures and mechanical stores purchases by reportable segment and All Other were as follows:
|  | 2024 |  | 2023 |  | 2022
Depreciation and amortization: |  |  |  |  |  |
Texture & Healthful Solutions |  | $ | 82 |  |  | $ | 80 |  |  | $ | 75 |
Food & Industrial Ingredients - LATAM |  | 48 |  |  | 47 |  |  | 46 |
Food & Industrial Ingredients - U.S./Canada |  | 40 |  |  | 41 |  |  | 40 |
All Other (i) |  | 44 |  |  | 51 |  |  | 54 |
Total |  | $ | 214 |  |  | $ | 219 |  |  | $ | 215 |
Mechanical stores expense (ii): |  |  |  |  |  |
Texture & Healthful Solutions |  | $ | 14 |  |  | $ | 16 |  |  | $ | 15 |
Food & Industrial Ingredients - LATAM |  | 13 |  |  | 14 |  |  | 12 |
Food & Industrial Ingredients - U.S./Canada |  | 31 |  |  | 28 |  |  | 25 |
All Other (i) |  | 4 |  |  | 4 |  |  | 3 |
Total |  | $ | 62 |  |  | $ | 62 |  |  | $ | 55 |
Capital expenditures and mechanical stores purchases: |  |  |  |  |  |
Texture & Healthful Solutions |  | $ | 101 |  |  | $ | 113 |  |  | $ | 120 |
Food & Industrial Ingredients - LATAM |  | 80 |  |  | 70 |  |  | 59 |
Food & Industrial Ingredients - U.S./Canada |  | 84 |  |  | 75 |  |  | 71 |
All Other (i) |  | 36 |  |  | 58 |  |  | 50 |
Total |  | $ | 301 |  |  | $ | 316 |  |  | $ | 300 |
_____________________ (i)All Other includes Corporate activities. (ii)Represents costs for spare parts used in the production process that are recorded in PP&E as part of machinery and equipment until they are utilized in the manufacturing process and expensed as a period cost.
Schedule of long-lived assets (excluding intangible assets) by country | Property, plant and equipment, net by country as of December 31, 2024 and 2023 were as follows:
|  | 2024 |  | 2023
U.S. |  | $ | 1,076 |  |  | $ | 1,043 |
Mexico |  | 258 |  |  | 273 |
Brazil |  | 164 |  |  | 189 |
China |  | 153 |  |  | 162 |
Thailand |  | 152 |  |  | 152 |
Canada |  | 128 |  |  | 207 |
Germany |  | 121 |  |  | 122 |
Others |  | 212 |  |  | 222 |
Total |  | $ | 2,264 |  |  | $ | 2,370 |
Schedule of net sales to unaffiliated customers by country of origin | Net sales to third-party customers by country of origin were as follows:
|  | 2024 |  | 2023 |  | 2022
U.S. |  | $ | 2,870 |  |  | $ | 3,069 |  |  | $ | 2,978 |
Mexico |  | 1,503 |  |  | 1,571 |  |  | 1,444 |
Brazil |  | 584 |  |  | 669 |  |  | 720 |
Canada |  | 527 |  |  | 548 |  |  | 512 |
Germany |  | 385 |  |  | 413 |  |  | 342 |
Colombia |  | 310 |  |  | 332 |  |  | 333 |
Thailand |  | 265 |  |  | 259 |  |  | 257 |
Others |  | 986 |  |  | 1,299 |  |  | 1,360 |
Total |  | $ | 7,430 |  |  | $ | 8,160 |  |  | $ | 7,946 |

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- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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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 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
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