Segment Information

9 Months Ended

Sep. 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 September 30,						Nine Months Ended  September 30,
(in millions)	2014			2013			2014			2013
Net Sales
North America	$	805.6		$	948.7		$	2,362.0		$	2,835.3
South America	307.6			322.8			906.2			992.3
Asia Pacific	205.8			204.8			594.3			600.5
EMEA	141.3			135.4			437.6			400.9
Total	$	1,460.3		$	1,611.7		$	4,300.1		$	4,829.0
Operating Income
North America	$	113.1		$	96.6		$	288.7		$	308.2
South America	27.4			18.8			73.8			79.5
Asia Pacific	27.0			23.6			80.1			70.2
EMEA	22.2			17.4			68.7			53.6
Corporate (a)	(11.6		)	(19.5		)	(48.2		)	(59.4		)
Total	$	178.1		$	136.9		$	463.1		$	452.1

(a) Includes $7 million of income relating to a tax indemnification agreement with an offsetting expense of $7 million recorded in the provision for income taxes for the three months and nine months ended September 30, 2014 (see also Note 11).  Additionally, 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 nine months ended September 30, 2014.

(in millions)	At September 30, 2014		At December 31, 2013
Total Assets
North America	$	2,964	$	3,008
South America	1,014		1,088
Asia Pacific	740		711
EMEA	538		553
Total	$	5,256	$	5,360