Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Segment Information

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2023		2022		2023		2022
Gross revenues
Ag Services and Oilseeds	$	17,643	$	20,238	$	58,421	$	61,838
Carbohydrate Solutions	3,484		4,070		11,579		12,750
Nutrition	1,851		1,900		5,721		5,921
Other Business	107		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 Solutions	159		489		1,336		2,052
Nutrition	67		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
Crushing	3,352		3,220		10,515		9,804
Refined Products and Other	2,929		3,384		9,128		10,302
Total Ag Services and Oilseeds	16,479		19,141		54,902		58,823
Carbohydrate Solutions
Starches and Sweeteners	2,448		2,680		7,660		7,697
Vantage Corn Processors	877		901		2,583		3,001
Total Carbohydrate Solutions	3,325		3,581		10,243		10,698
Nutrition
Human Nutrition	900		906		2,802		2,884
Animal Nutrition	884		958		2,688		2,907
Total Nutrition	1,784		1,864		5,490		5,791
Other Business	107		97		322		305
Total revenues from external customers	$	21,695	$	24,683	$	70,957	$	75,617

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2023		2022		2023		2022
Segment operating profit
Ag Services and Oilseeds	$	848	$	1,075	$	3,112	$	3,202
Carbohydrate Solutions	460		309		1,036		1,099
Nutrition	138		177		468		605
Other Business	46		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 profit	1,421		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.