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Segment Information
3 Months Ended
Mar. 31, 2020
Segment Information  
Segment Information

13. 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 EMEA.  Its North America segment includes businesses in the U.S., Mexico, and Canada. The Company’s South America segment includes businesses in Brazil,

Colombia, Ecuador, and the Southern Cone of South America, which includes Argentina, Peru, Chile, and Uruguay. Its Asia-Pacific segment includes businesses in South Korea, Thailand, China, Australia, Japan, Indonesia, Singapore, the Philippines, India, Malaysia, New Zealand, and Vietnam. The Company’s EMEA segment includes businesses in Pakistan, Germany, the United Kingdom, 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

March 31, 

(in millions)

    

2020

    

2019

    

Net sales to unaffiliated customers:

North America

$

963

$

951

South America

237

228

Asia-Pacific

189

203

EMEA

154

154

Total net sales

$

1,543

$

1,536

Three Months Ended

March 31, 

(in millions)

2020

2019

Operating income:

North America

$

125

$

125

South America

26

18

Asia-Pacific

20

20

EMEA

27

24

Corporate

(31)

(21)

Subtotal

167

166

Restructuring/impairment charges

(14)

(4)

Acquisition/integration costs

(1)

Total operating income

$

153

$

161

(in millions)

March 31, 2020

    

December 31, 2019

Assets:

North America (a)

$

3,993

$

3,924

South America

665

774

Asia-Pacific

799

843

EMEA

495

499

Total assets

$

5,952

$

6,040

(a)For purposes of presentation, North America includes Corporate assets