Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of segment reporting of net sales, operating income and total assets

Presented below are 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
March 31, 2024
Net sales including intersegment sales	$	612	$	626	$	567	$	131	$	1,936
Less: Intersegment sales	$	(15)	$	(10)	$	(26)	$	(3)	$	(54)
Net sales	$	597	$	616	$	541	$	128	$	1,882
March 31, 2023
Net sales including intersegment sales	$	698	$	677	$	635	$	201	$	2,211
Less: Intersegment sales	$	(33)	$	(10)	$	(27)	$	(4)	$	(74)
Net sales	$	665	$	667	$	608	$	197	$	2,137

Presented below is our operating income by reportable segment and All Other for the periods presented:

	Three Months Ended March 31,
	2024		2023
Operating income (loss):
Texture & Healthful Solutions	$	74	$	127
Food & Industrial Ingredients - LATAM	101		122
Food & Industrial Ingredients - U.S./Canada	87		92
All Other	(4)		(8)
Corporate	(42)		(37)
Subtotal	216		296
Resegmentation costs	(3)		—
Other matters	—		(5)
Total operating income	$	213	$	291

The CODM 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 March 31, 2024 and December 31, 2023:

	As of March 31, 2024		As of December 31, 2023
Property, plant and equipment, net:
Texture & Healthful Solutions	$	838	$	855
Food & Industrial Ingredients - LATAM	543		552
Food & Industrial Ingredients - U.S./Canada	542		548
All Other (a)	411		415
Total Property, plant and equipment, net	$	2,334	$	2,370

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(a)For purposes of presentation, All Other includes Corporate assets.