Asset Impairment, Exit, And Restructuring Costs (Tables)

12 Months Ended

Dec. 31, 2018

Restructuring, Settlement and Impairment Provisions [Abstract]

Asset Impairment, Exit, and Restructuring Costs

The following table sets forth the charges included in asset impairment, exit, and restructuring costs.

(In millions)	Year Ended December 31
	2018		2017		2016
Restructuring and exit costs (1)	$	29	$	72	$	21
Impairment charge - equity method investment(2)	12		—		—
Impairment charge - equity securities(3)	—		—		6
Impairment charge - goodwill and intangible assets (4)	9		—		11
Impairment charge - other long-lived assets (5)	121		101		17
Total asset impairment, exit, and restructuring costs	$	171	$	173	$	55

⁽¹⁾  Restructuring and exit costs for the year ended December 31, 2018 consisted of restructuring charges of $24 million in Corporate primarily related to the reorganization of IT services in Corporate and several individually insignificant restructuring charges presented as specified items within segment operating profit. Restructuring and exit costs for the year ended December 31, 2017 consisted of restructuring charges of $54 million in Corporate primarily related to the reduction of certain positions within the Company's global workforce and several individually insignificant restructuring charges presented as specified items within segment operating profit. Restructuring and exit costs for the year ended December 31, 2016 consisted of restructuring charges of $4 million in Corporate and several individually insignificant charges presented as specified items within segment operating profit.

⁽²⁾  Impairment charge - equity method investment consisted of an impairment charge on an equity investment presented as a specified item within segment operating profit.

⁽³⁾  Impairment charge - equity securities consisted of other-than-temporary impairment charges on the Company’s investment in two available for sale equity securities in Corporate.

⁽⁴⁾  Impairment charge - goodwill and intangible assets for the year ended December 31, 2018 consisted of an intangible impairment presented as a specified item within segment operating profit. Impairment charge - goodwill and intangible assets for the year ended December 31, 2016 consisted of software impairment in Corporate.

⁽⁵⁾  Impairment charge - other long-lived assets for the year ended December 31, 2018 consisted of $36 million of asset impairments related to a long-term receivable and certain long-lived assets in Oilseeds, $25 million of asset impairments related to certain long-lived assets in Origination, and $11 million of asset impairments related to certain long-lived assets in Nutrition presented as specified items within segment operating profit and a $49 million charge related to a discontinued software project in Corporate. Impairment charge - other long-lived assets for the year ended December 31, 2017 consisted of $63 million of asset impairments primarily related to the configuration of the Company's Peoria, Illinois ethanol complex, $20 million of asset impairments related to the closure of a facility, and several individually insignificant asset charges presented as specified items within segment operating profit. Impairment charge - other long-lived assets for the year ended December 31, 2016 consisted of fixed asset impairment charges of $2 million in Corporate and several individually insignificant fixed asset impairments presented as specified items within segment operating profit.