Investments In And Advances To Affiliates

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Investments In And Advances To Affiliates

Investments in and Advances to Affiliates

The Company applies the equity method of accounting for investments in investees over which ADM has the ability to exercise significant influence, including the Company’s 24.8% and 24.9% share ownership in Wilmar as of December 31, 2019 and 2018, respectively.  The Company had 63 and 56 unconsolidated domestic and foreign affiliates as of December 31, 2019 and 2018, respectively.  The following table summarizes the combined balance sheets as of December 31, 2019 and 2018, and the combined statements of earnings of the Company’s unconsolidated affiliates for the years ended December 31, 2019, 2018, and 2017.

	December 31
(In millions)	2019			2018
Current assets	$	26,695		$	30,732
Non-current assets	22,627			21,841
Current liabilities	(23,580		)	(26,592		)
Non-current liabilities	(5,913		)	(6,205		)
Noncontrolling interests	(1,066		)	(677		)
Net assets	$	18,763		$	19,099

	Year Ended December 31
(In millions)	2019		2018		2017
Revenues	$	50,596	$	53,143	$	55,908
Gross profit	5,334		5,118		4,687
Net income	1,455		1,881		1,800

The Company’s share of the undistributed earnings of its unconsolidated affiliates as of December 31, 2019 is $2.3 billion.  The Company's investment in Wilmar has a carrying value of $3.9 billion as of December 31, 2019, and a market value of $4.8 billion based on quoted market price converted to U.S. dollars at the applicable exchange rate at December 31, 2019.

The Company provides credit facilities totaling $106 million to five unconsolidated affiliates.  Two facilities that bear interest between 0.00% and 4.41% have a total outstanding balance of $31 million. The other three facilities have no outstanding balance as of December 31, 2019.  The outstanding balance is included in other current assets in the accompanying consolidated balance sheet.