Segment Information

3 Months Ended

Mar. 31, 2016

Segment Information

Segment Information

5.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, Middle East and Africa (“EMEA”).  Its North America segment includes businesses in the United States, Canada and Mexico.  The Company’s South America segment includes businesses in Brazil, Colombia, Ecuador and the Southern Cone of South America, which includes Argentina, Chile, Peru and Uruguay.  Its Asia Pacific segment includes businesses in South 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
	March 31,
(in millions)	2016		2015
Net sales to unaffiliated customers:
North America	$	841	$	754
South America		215		258
Asia Pacific		169		187
EMEA		135		131
Total	$	1,360	$	1,330
Operating income:
North America	$	149	$	102
South America		18		25
Asia Pacific		28		26
EMEA		26		22
Corporate		(20)		(18)
Subtotal		201		157
Acquisition / integration costs		(1)		(4)
Restructuring  charges		—		(10)
Charge for fair value markup of acquired inventory		—		(3)
Total	$	200	$	140

	At		At
(in millions)	Mar 31, 2016		Dec. 31, 2015
Total assets
North America	$	3,238	$	3,163
South America		735		714
Asia Pacific		751		716
EMEA		504		481
Total	$	5,228	$	5,074