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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting of Net Sales, Operating Income and Total Assets | Net sales to affiliated and unaffiliated customers by reportable segment and All Other was as follows:
|  | Three Months Ended March 31, 2025
|  | T&HS |  | F&II - LATAM |  | F&II - U.S./Canada |  | All Other |  | Corporate |  | Total
Segment net sales |  | $ | 611 |  |  | $ | 586 |  |  | $ | 553 |  |  | $ | 121 |  |  | $ | — |  |  |
Inter-segment net sales |  | (9) |  |  | (13) |  |  | (33) |  |  | (3) |  |  | — |  |  |
Net sales to unaffiliated customers |  | $ | 602 |  |  | $ | 573 |  |  | $ | 520 |  |  | $ | 118 |  |  | $ | — |  |  | $ | 1,813 |
Segment cost of sales |  | $ | 426 |  |  | $ | 420 |  |  | $ | 405 |  |  | $ | 101 |  |  | $ | — |  |  |
Other operating expenses |  | 77 |  |  | 26 |  |  | 23 |  |  | 17 |  |  | 45 |  |  |
Adjusted operating income (loss) |  | $ | 99 |  |  | $ | 127 |  |  | $ | 92 |  |  | $ | 0 |  |  | $ | (45) |  |  | $ | 273 |
Unallocated income (i) |  |  |  |  |  |  |  |  |  |  |  | 3 |
Operating income |  |  |  |  |  |  |  |  |  |  |  | $ | 276 |
|  | Three Months Ended March 31, 2024
|  | T&HS |  | F&II - LATAM |  | F&II - U.S./Canada |  | All Other |  | Corporate |  | Total
Segment net sales |  | $ | 612 |  |  | $ | 626 |  |  | $ | 567 |  |  | $ | 131 |  |  | $ | — |  |  |
Inter-segment net sales |  | (15) |  |  | (10) |  |  | (26) |  |  | (3) |  |  | — |  |  |
Net sales to unaffiliated customers |  | $ | 597 |  |  | $ | 616 |  |  | $ | 541 |  |  | $ | 128 |  |  | $ | — |  |  | $ | 1,882 |
Segment cost of sales |  | $ | 450 |  |  | $ | 468 |  |  | $ | 434 |  |  | $ | 113 |  |  | $ | — |  |  |
Other operating expenses |  | 73 |  |  | 47 |  |  | 20 |  |  | 19 |  |  | 42 |  |  |
Adjusted operating income (loss) |  | $ | 74 |  |  | $ | 101 |  |  | $ | 87 |  |  | $ | (4) |  |  | $ | (42) |  |  | $ | 216 |
Unallocated (costs) (i) |  |  |  |  |  |  |  |  |  |  |  | (3) |
Operating income |  |  |  |  |  |  |  |  |  |  |  | $ | 213 |
|  | Three Months Ended March 31, |  |  |  |  |  |
(i) Unallocated income (costs): |  | 2025 |  | 2024 |  |  |  |  |  |  |  |  |  |  |  |
Restructuring and resegmentation costs |  | $ | (1) |  |  | $ | (3) |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment charges |  | (6) |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Other matters |  | 10 |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Total unallocated income (costs) |  | $ | 3 |  |  | $ | (3) |  |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net by reportable segment and All Other was as follows:
|  | As of March 31, 2025 |  | As of December 31, 2024
Texture & Healthful Solutions |  | $ | 888 |  |  | $ | 884 |
Food & Industrial Ingredients - LATAM |  | 526 |  |  | 508 |
Food & Industrial Ingredients - U.S./Canada |  | 562 |  |  | 556 |
All Other (i) |  | 313 |  |  | 316 |
Total property, plant and equipment, net |  | $ | 2,289 |  |  | $ | 2,264 |
_____________________ (i)For purposes of presentation, All Other includes Corporate assets.

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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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