Segment Information

3 Months Ended

Mar. 31, 2017

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, China, Japan, Indonesia, the Philippines, Singapore, Malaysia, India, Australia and New Zealand.  The Company’s EMEA segment includes businesses in Germany, the United Kingdom, Pakistan, South Africa and Kenya.

	Three Months Ended
	March 31,
(in millions)	2017		2016
Net sales to unaffiliated customers:
North America	$	881	$	841
South America		255		215
Asia Pacific		179		169
EMEA		138		135
Total	$	1,453	$	1,360
Operating income:
North America	$	160	$	149
South America		14		18
Asia Pacific		30		28
EMEA		28		26
Corporate		(20)		(20)
Subtotal		212		201
Restructuring charges		(10)		—
Acquisition / integration costs		(2)		(1)
Charge for fair value markup of acquired inventory		(5)		—
Total	$	195	$	200

	At		At
(in millions)	March 31, 2017		Dec. 31, 2016
Total assets
North America	$	3,727	$	3,796
South America		841		809
Asia Pacific		754		697
EMEA		477		480
Total	$	5,799	$	5,782