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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information
The following tables present: (i) adjustments and revised gross revenues, intersegment revenues, and operating profit amounts for the Ag Services and Oilseeds segment; (ii) adjustments and revised gross revenues, intersegment revenues and operating profit amounts for the Carbohydrate Solutions segment; and (iii) adjustments and revised operating profit amounts for the Nutrition segment, in each case, for the three and six months ended June 30, 2023. No adjustments were required to the gross revenues of the Nutrition segment.

Impact of the Adjustments on Ag Services and Oilseeds Segment Gross Revenues and Operating Profit
(In millions)Three Months Ended June 30, 2023Six Months Ended June 30, 2023
Gross revenues, as originally reported$20,864 $40,778 
Adjustments1 2 
Gross revenues, as revised$20,865 $40,780 
Intersegment revenues, as originally reported$1,020 $2,355 
Adjustments1 2 
Intersegment revenues, as revised$1,021 $2,357 
Segment operating profit, as originally reported$1,054 $2,264 
Adjustments— 1 
Segment operating profit, as revised$1,054 $2,265 
Impact of the Adjustments on Carbohydrate Solutions Segment Gross Revenues and Operating Profit
(In millions)Three Months Ended June 30, 2023Six Months Ended June 30, 2023
Gross revenues, as originally reported$3,829 $8,095 
Adjustments16 22 
Gross revenues, as revised$3,845 $8,117 
Intersegment revenues, as originally reported$448 $1,177 
Adjustments16 22 
Intersegment revenues, as revised$464 $1,199 
Segment operating profit, as originally reported$303 $576 
Adjustments16 22 
Segment operating profit, as revised$319 $598 

Impact of the Adjustments on Nutrition Segment Operating Profit
(In millions)Three Months Ended June 30, 2023Six Months Ended June 30, 2023
Segment operating profit, as originally reported$185 $330 
Adjustments(16)(23)
Segment operating profit, as revised$169 $307 

Separately, the Company determined that a portion of the originally reported gross revenues and intersegment revenues of each of the Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition segments included certain intrasegment revenues (resulting from sales within the segment), and should have included exclusively intersegment revenues (resulting from sales from one segment to the other).

The correction of these immaterial errors does not have any impact on the Company’s previously reported Consolidated Statement of Earnings, Consolidated Statement of Comprehensive Income (Loss), Consolidated Balance Sheet, Consolidated Statements of Cash Flow, or Consolidated Statement of Shareholders’ Equity as of and for the period presented below.

The following tables present: (i) additional adjustments and further revised gross revenues and intersegment revenues amounts for the Ag Services and Oilseeds segment; (ii) additional adjustments and further revised gross revenues and intersegment revenues amounts for the Carbohydrate Solutions segment; and (iii) adjustments and revised gross revenues and intersegment revenues amounts for the Nutrition segment, for the three and six months ended June 30, 2023.
Additional Impact of the Adjustments on Ag Services and Oilseeds Segment Gross Revenues and Intersegment Revenues
(In millions)Three Months Ended June 30, 2023Six Months Ended June 30, 2023
Gross revenues, as revised$20,865 $40,780 
Additional adjustments(320)(915)
Gross revenues, as further revised$20,545 $39,865 
Intersegment revenues, as revised$1,021 $2,357 
Additional adjustments(320)(915)
Intersegment revenues, as further revised$701 $1,442 
Additional Impact of the Adjustments on Carbohydrate Solutions Segment Gross Revenues and Intersegment Revenues
(In millions)Three Months Ended June 30, 2023Six Months Ended June 30, 2023
Gross revenues, as revised$3,845 $8,117 
Additional adjustments(60)(290)
Gross revenues, as further revised$3,785 $7,827 
Intersegment revenues, as revised$464 $1,199 
Additional adjustments(60)(290)
Intersegment revenues, as further revised$404 $909 

Impact of the Adjustments on Nutrition Segment Gross Revenues and Intersegment Revenues
(In millions)Three Months Ended June 30, 2023Six Months Ended June 30, 2023
Gross revenues, as originally reported$1,926 $3,870 
Adjustments(39)(94)
Gross revenues, as revised$1,887 $3,776 
Intersegment revenues, as originally reported$73 $164 
Adjustments(39)(94)
Intersegment revenues, as revised$34 $70 

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, 2023.
Segment Information
Three Months EndedSix Months Ended
June 30,June 30,
(In millions)2024202320242023
Gross revenues    
Ag Services and Oilseeds$17,879 $20,545 $35,707 $39,865 
Carbohydrate Solutions3,133 3,785 6,095 7,827 
Nutrition1,921 1,887 3,763 3,776 
Other Business113 112 222 215 
Intersegment elimination(798)(1,139)(1,692)(2,421)
Total gross revenues$22,248 $25,190 $44,095 $49,262 
Intersegment sales    
Ag Services and Oilseeds$546 $701 $1,155 $1,442 
Carbohydrate Solutions239 404 518 909 
Nutrition13 34 19 70 
Total intersegment sales$798 $1,139 $1,692 $2,421 
Revenues from external customers    
Ag Services and Oilseeds
Ag Services $11,746 $13,366 $22,943 $25,061 
Crushing2,850 3,480 6,177 7,163 
Refined Products and Other2,737 2,998 5,432 6,199 
Total Ag Services and Oilseeds17,333 19,844 34,552 38,423 
Carbohydrate Solutions
Starches and Sweeteners2,211 2,475 4,367 5,212 
Vantage Corn Processors683 906 1,210 1,706 
Total Carbohydrate Solutions2,894 3,381 5,577 6,918 
Nutrition
Human Nutrition1,061 966 2,025 1,902 
Animal Nutrition847 887 1,719 1,804 
Total Nutrition1,908 1,853 3,744 3,706 
Other Business113 112 222 215 
Total revenues from external customers$22,248 $25,190 $44,095 $49,262 
Segment operating profit
Ag Services and Oilseeds$459 $1,054 $1,323 $2,265 
Carbohydrate Solutions357 319 605 598 
Nutrition109 169 193 307 
Other Business96 86 217 183 
Specified Items: Gains on sale of assets(1)
— 11 — 12 
Impairment and restructuring charges(2)
(7)(114)(13)(121)
Total segment operating profit1,014 1,525 2,325 3,244 
Corporate Unallocated(418)(393)(844)(715)
Earnings before income taxes$596 $1,132 $1,481 $2,529 
(1) Prior year period gains were related to the sale of certain assets.
(2) Current and prior year period charges were related to the impairment of certain long-lived assets and restructuring.