Segment Information

6 Months Ended

Jun. 30, 2014

Segment Information

Segment Information

3.Segment Information

The Company is principally engaged in the production and sale of starches and sweeteners for a wide range of industries, and is managed geographically on a regional basis.  The Company’s operations are classified into four reportable business segments: North America, South America, Asia Pacific and Europe, the Middle East and Africa (“EMEA”).  The North America segment includes businesses in the United States, Canada and Mexico.  The Company’s South America segment includes businesses in Brazil, Colombia, Ecuador, Peru and the Southern Cone of South America, which includes Argentina, Chile and Uruguay.  The Asia Pacific segment includes businesses in Korea, Thailand, Malaysia, China, Japan, Indonesia, the Philippines, Singapore, India, Australia and New Zealand.  The Company’s EMEA segment includes businesses in the United Kingdom, Germany, South Africa, Pakistan and Kenya.

	Three Months Ended June 30,						Six Months Ended  June 30,
(in millions)	2014			2013			2014			2013
Net Sales
North America	$	819.5		$	976.8		$	1,556.4		$	1,886.7
South America	304.8			320.8			598.6			669.5
Asia Pacific	203.2			200.2			388.5			395.7
EMEA	155.2			135.6			296.3			265.4
Total	$	1,482.7		$	1,633.4		$	2,839.8		$	3,217.3
Operating Income
North America	$	110.4		$	103.9		$	175.5		$	211.6
South America	16.4			17.3			46.3			60.6
Asia Pacific	27.5			23.6			53.2			46.7
EMEA	25.3			16.9			46.5			36.2
Corporate (a)	(17.0		)	(21.6		)	(36.6		)	(39.9		)
Total	$	162.6		$	140.1		$	284.9		$	315.2

(a)Includes a $5 million gain from the sale of a non-consolidated affiliate and $4 million of costs relating to product liability claims for the three and six months ended June 30, 2014.

(in millions)	At June 30, 2014		At December 31, 2013
Total Assets
North America	$	3,035	$	3,008
South America	1,066		1,088
Asia Pacific	743		711
EMEA	587		553
Total	$	5,431	$	5,360