Segment Information

6 Months Ended

Jun. 30, 2017

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 U.S., 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. The Company does not aggregate its operating segments when determining its reportable segments. Net sales by product are not presented because to do so would be impracticable.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2017		2016		2017		2016
Net sales to unaffiliated customers:
North America	$	905	$	895	$	1,786	$	1,735
South America		228		240		483		455
Asia Pacific		187		180		366		349
EMEA		137		140		275		276
Total	$	1,457	$	1,455	$	2,910	$	2,815

Operating income:
North America	$	181	$	160	$	341	$	309
South America		4		14		18		32
Asia Pacific		29		30		59		58
EMEA		29		29		57		55
Corporate		(22)		(22)		(42)		(42)
Subtotal		221		211		433		412
Restructuring charges		(6)		(13)		(16)		(13)
Acquisition/integration costs		—		—		(2)		(1)
Charge for fair value markup of acquired inventory		(4)		—		(9)		—
Total	$	211	$	198	$	406	$	398


	As of		As of
(in millions)	June 30, 2017		Dec. 31, 2016
Total assets
North America	$	3,734	$	3,796
South America		786		809
Asia Pacific		774		697
EMEA		495		480
Total	$	5,789	$	5,782

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

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+ Details