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Segment and Geographical Information (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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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.

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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.

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