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Segment Information
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s operations are organized, managed, and classified into three reportable business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. Each of these segments is organized based upon the nature of products and services offered. The Company’s remaining operations are not reportable segments, as defined by the applicable accounting standard, and are classified as Other Business.

Intersegment sales have been recorded at amounts approximating market. Operating profit for each segment is based on net sales less identifiable operating expenses. Also included in operating profit for each segment is equity in earnings of affiliates based on the equity method of accounting. Specified items included in total segment operating profit and certain corporate items are not allocated to the Company’s individual business segments because operating performance of each business segment is evaluated by management exclusive of these items. Corporate results principally include unallocated corporate expenses, interest cost net of interest income, and revaluation gains and losses on cost method investments and the share of the results of equity investments in early-stage start-up companies.

For more information about the Company’s business segments, refer to Note 17 of “Notes to Consolidated Financial Statements” included in Item 8, “Financial Statements and Supplementary Data” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
Three Months EndedNine Months Ended
September 30,September 30,
(In millions)2023202220232022
Gross revenues    
Ag Services and Oilseeds$17,643 $20,238 $58,421 $61,838 
Carbohydrate Solutions3,484 4,070 11,579 12,750 
Nutrition1,851 1,900 5,721 5,921 
Other Business107 97 322 305 
Intersegment elimination(1,390)(1,622)(5,086)(5,197)
Total gross revenues$21,695 $24,683 $70,957 $75,617 
Intersegment sales    
Ag Services and Oilseeds$1,164 $1,097 $3,519 $3,015 
Carbohydrate Solutions159 489 1,336 2,052 
Nutrition67 36 231 130 
Total intersegment sales$1,390 $1,622 $5,086 $5,197 
Revenues from external customers    
Ag Services and Oilseeds
Ag Services $10,198 $12,537 $35,259 $38,717 
Crushing3,352 3,220 10,515 9,804 
Refined Products and Other2,929 3,384 9,128 10,302 
Total Ag Services and Oilseeds16,479 19,141 54,902 58,823 
Carbohydrate Solutions
Starches and Sweeteners2,448 2,680 7,660 7,697 
Vantage Corn Processors877 901 2,583 3,001 
Total Carbohydrate Solutions3,325 3,581 10,243 10,698 
Nutrition
Human Nutrition900 906 2,802 2,884 
Animal Nutrition884 958 2,688 2,907 
Total Nutrition1,784 1,864 5,490 5,791 
Other Business107 97 322 305 
Total revenues from external customers$21,695 $24,683 $70,957 $75,617 
Three Months EndedNine Months Ended
September 30,September 30,
(In millions)2023202220232022
Segment operating profit
Ag Services and Oilseeds$848 $1,075 $3,112 $3,202 
Carbohydrate Solutions460 309 1,036 1,099 
Nutrition138 177 468 605 
Other Business46 18 229 78 
Specified Items:
Gain (loss) on sales of assets(1)
(2)29 10 30 
Impairment and restructuring charges and settlement contingencies(2)
(69)(49)(190)(76)
Total segment operating profit1,421 1,559 4,665 4,938 
Corporate(390)(329)(1,105)(918)
Earnings before income taxes$1,031 $1,230 $3,560 $4,020 
(1) Consists of gains (losses) related to the sale of certain assets in all periods presented.
(2) Current quarter and year-to-date charges were related to the impairment of certain long-lived assets and intangibles and restructuring, partially offset by a contingency loss adjustment. Also included in the current year-to-date is a contingent loss provision related to import duties. Prior-year quarter and year-to-date charges were related to the impairment of certain assets, restructuring, and a contingency/settlement.