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Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2025

USD ($)

$ / shares

Dec. 31, 2024

USD ($)

$ / shares

Dec. 31, 2023

USD ($)

$ / shares

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

$ / shares

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table


Year	Summary Compensation Table Total for PEO ($)	Compensation Actually Paid to PEO(1) ($)	Average Summary Compensation Table Total for Non-PEO NEOs(2) ($)	Average Compensation Actually Paid to Non-PEO NEOs(1)(2) ($)	Value of Initial Fixed $100 Investment Based On(3):		Net Income ($M)	Adjusted EPS ($)(5)
					Total Shareholder Return ($)	Industry Index Total Shareholder Return ($)(4)
2025	$18,945,479	$24,536,788	$7,736,428	$7,874,677	$155	$101	$816	$7.57
2024	$16,812,348	$1,944,680	$4,603,424	$1,750,213	$131	$108	$1,137	$9.19
2023	$17,587,870	$18,428,607	$4,702,683	$4,989,878	$165	$118	$2,243	$13.66
2022	$17,899,691	$36,869,068	$4,977,421	$6,799,877	$159	$130	$1,610	$13.91
2021	$16,148,227	$53,419,822	$6,527,939	$12,048,134	$146	$115	$2,078	$12.93

Company Selected Measure Name

Adjusted Earnings Per Share

Named Executive Officers, Footnote

For 2021, the Non-PEO NEOs consisted of Messrs. Neppl, Padilla, Zachman and Dimopoulos. For 2022, 2023 and 2024, the Non-PEO NEOs consisted of Messrs. Neppl, Garros, Dimopoulos, and Podwika. For 2025, the Non-PEO NEO's consisted of Messrs. Neppl, Garros, Dimopoulos, Podwika, and Mattiske.

Peer Group Issuers, Footnote

The industry index is the Standard and Poor's (S&P) 500 Food Products Index as disclosed in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2025.

PEO Total Compensation Amount

$ 18,945,479

$ 16,812,348

$ 17,587,870

$ 17,899,691

$ 16,148,227

PEO Actually Paid Compensation Amount

$ 24,536,788

1,944,680

18,428,607

36,869,068

53,419,822

Adjustment To PEO Compensation, Footnote

Compensation Actually Paid represents the Summary Compensation Table Total adjusted to (a) exclude any positive aggregate change in the actuarial present value of all defined benefit pension plan benefits for the applicable year and (b) include the fair value of current and prior year equity awards that are outstanding, vested or forfeited during the applicable year, instead of the grant date value of awards granted during the applicable year. The following tables show what amounts were deducted from, and added to, the Summary Compensation Table Total to calculate the PEO and Average Non-PEO NEO Compensation Actually Paid:


PEO SCT Total to CAP Reconciliation

Year	Summary Compensation Table Total Compensation		Deductions			Additions					Compensation Actually Paid
			Grant Date Fair Value of Stock and Option Awards(i)	Change in Pension Value & Nonqualified Deferred Compensation Earnings(ii)		Fair Value at FYE of Stock and Option Awards(iii)	Change in Fair Value of Outstanding and Unvested Stock and Option Awards(iv)	Change in Fair Value of Vested Stock and Option Awards(v)	Fair Value of Vested Stock and Option Awards(vi)
2025	$18,945,479	-	$12,767,722	$—	+	$15,961,635	$2,883,988	$(486,592)	$—	=	$24,536,788
2024	$16,812,348		$10,779,356	$—		$7,060,050	$(10,136,579)	$(1,011,783)	$—		$1,944,680
2023	$17,587,870		$10,964,403	$—		$11,184,037	$2,885,552	$(2,264,449)	$—		$18,428,607
2022	$17,899,691		$11,480,361	$—		$15,386,996	$5,751,424	$9,311,318	$—		$36,869,068
2021	$16,148,227		$9,991,055	$—		$18,082,222	$24,119,250	$5,061,178	$—		$53,419,822


Average Non-PEO NEO SCT Total to CAP Reconciliation

Year	Summary Compensation Table Total Compensation		Deductions			Additions					Compensation Actually Paid
			Grant Date Fair Value of Stock and Option Awards(i)	Change in Pension Value & Nonqualified Deferred Compensation Earnings(ii)		Fair Value at FYE of Stock and Option Awards(iii)	Change in Fair Value of Outstanding and Unvested Stock and Option Awards(iv)	Change in Fair Value of Vested Stock and Option Awards(v)	Fair Value of Vested Stock and Option Awards(vi)
2025	$7,736,428	-	$4,950,007	$—	+	$2,717,406	$467,743	$(76,749)	$1,979,856	=	$7,874,677
2024	$4,603,424		$2,266,042	$—		$1,484,038	$(1,938,730)	$(132,477)	$—		$1,750,213
2023	$4,702,683		$2,068,685	$—		$2,109,884	$496,315	$(250,319)	$—		$4,989,878
2022	$4,977,421		$2,550,094	$—		$3,264,413	$663,074	$445,063	$—		$6,799,877
2021	$6,527,939		$2,649,102	$2,848		$4,253,230	$3,534,002	$384,913	$—		$12,048,134

(i) Represents the grant date fair value of stock and option awards granted in Fiscal Year.

(ii) No NEOs were eligible to participate in the U.S. pension plan in 2022, 2023, 2024 or 2025. For 2021, no service costs were accrued as Mr. Zachman's pension was under a frozen plan and the other NEOs were not eligible to participate in the U.S. pension plan. No NEOs participate in the deferred compensation program, including our PEO.

(iii) Fair value at Fiscal Year-end of outstanding and unvested stock and option awards granted in Fiscal Year.

(iv) Change in fair value of outstanding and unvested stock and option awards granted in prior Fiscal Years.

(v) Change in fair value as of vesting date of stock and option awards granted in prior Fiscal Years for which applicable vesting conditions were satisfied during Fiscal Year.

(vi) Fair value at vesting of stock and option awards granted in fiscal year that vested during fiscal year.

Non-PEO NEO Average Total Compensation Amount

$ 7,736,428

4,603,424

4,702,683

4,977,421

6,527,939

Non-PEO NEO Average Compensation Actually Paid Amount

$ 7,874,677

1,750,213

4,989,878

6,799,877

12,048,134

Adjustment to Non-PEO NEO Compensation Footnote


PEO SCT Total to CAP Reconciliation

Year	Summary Compensation Table Total Compensation		Deductions			Additions					Compensation Actually Paid
			Grant Date Fair Value of Stock and Option Awards(i)	Change in Pension Value & Nonqualified Deferred Compensation Earnings(ii)		Fair Value at FYE of Stock and Option Awards(iii)	Change in Fair Value of Outstanding and Unvested Stock and Option Awards(iv)	Change in Fair Value of Vested Stock and Option Awards(v)	Fair Value of Vested Stock and Option Awards(vi)
2025	$18,945,479	-	$12,767,722	$—	+	$15,961,635	$2,883,988	$(486,592)	$—	=	$24,536,788
2024	$16,812,348		$10,779,356	$—		$7,060,050	$(10,136,579)	$(1,011,783)	$—		$1,944,680
2023	$17,587,870		$10,964,403	$—		$11,184,037	$2,885,552	$(2,264,449)	$—		$18,428,607
2022	$17,899,691		$11,480,361	$—		$15,386,996	$5,751,424	$9,311,318	$—		$36,869,068
2021	$16,148,227		$9,991,055	$—		$18,082,222	$24,119,250	$5,061,178	$—		$53,419,822


Average Non-PEO NEO SCT Total to CAP Reconciliation

Year	Summary Compensation Table Total Compensation		Deductions			Additions					Compensation Actually Paid
			Grant Date Fair Value of Stock and Option Awards(i)	Change in Pension Value & Nonqualified Deferred Compensation Earnings(ii)		Fair Value at FYE of Stock and Option Awards(iii)	Change in Fair Value of Outstanding and Unvested Stock and Option Awards(iv)	Change in Fair Value of Vested Stock and Option Awards(v)	Fair Value of Vested Stock and Option Awards(vi)
2025	$7,736,428	-	$4,950,007	$—	+	$2,717,406	$467,743	$(76,749)	$1,979,856	=	$7,874,677
2024	$4,603,424		$2,266,042	$—		$1,484,038	$(1,938,730)	$(132,477)	$—		$1,750,213
2023	$4,702,683		$2,068,685	$—		$2,109,884	$496,315	$(250,319)	$—		$4,989,878
2022	$4,977,421		$2,550,094	$—		$3,264,413	$663,074	$445,063	$—		$6,799,877
2021	$6,527,939		$2,649,102	$2,848		$4,253,230	$3,534,002	$384,913	$—		$12,048,134

(i) Represents the grant date fair value of stock and option awards granted in Fiscal Year.

(iii) Fair value at Fiscal Year-end of outstanding and unvested stock and option awards granted in Fiscal Year.

(iv) Change in fair value of outstanding and unvested stock and option awards granted in prior Fiscal Years.

(v) Change in fair value as of vesting date of stock and option awards granted in prior Fiscal Years for which applicable vesting conditions were satisfied during Fiscal Year.

(vi) Fair value at vesting of stock and option awards granted in fiscal year that vested during fiscal year.

Compensation Actually Paid vs. Total Shareholder Return

Relationship Between Pay and Performance

The following shows the relationship between PEO CAP, Average Non-PEO NEO CAP, TSR and the indexed peer TSR.

Compensation Actually Paid vs. Net Income

Relationship Between Pay and Net Income

The following shows the relationship between PEO CAP, Average Non-PEO NEO CAP and Net Income.

Compensation Actually Paid vs. Company Selected Measure

Relationship Between Pay and Adjusted EPS

The following shows the relationship between PEO CAP, Average Non-PEO NEO CAP and Adjusted EPS.

Total Shareholder Return Vs Peer Group

Relationship Between Pay and Performance

The following shows the relationship between PEO CAP, Average Non-PEO NEO CAP, TSR and the indexed peer TSR.

Tabular List, Table

As required, the list below reflects performance measures that we consider the most important for linking executive compensation actually paid to company performance in 2025.

Adj EPS(1) | Adj PBT(I)(2) | AROIC(3) | Relative TSR

(1)Represents Adjusted Earnings Per Share excluding certain gains and charges. Adjusted Earnings Per Share excluding notables, as used in this proxy statement, is a non-GAAP financial measure, see Appendix A – Reconciliation of Non-GAAP Financial Measures for reconciliation to the most directly comparable U.S. GAAP measure.

(2)Represents Adjusted Profit Before Taxes before certain incentive payouts.

(3)Represents Adjusted Return on Invested Capital and used to account for mark-to-market timing differences and adjust for readily marketable inventories.

Total Shareholder Return Amount

$ 155

131

165

159

146

Peer Group Total Shareholder Return Amount

101

108

118

130

115

Net Income (Loss)

$ 816,000,000

$ 1,137,000,000

$ 2,243,000,000

$ 1,610,000,000

$ 2,078,000,000

Company Selected Measure Amount | $ / shares

7.57

9.19

13.66

13.91

12.93

Additional 402(v) Disclosure

Pursuant to the rules of the SEC, the comparison assumes $100 was invested on December 31, 2020 in our registered shares. Historic stock price performance is not necessarily indicative of future stock performance.

Measure:: 1

Pay vs Performance Disclosure

Name

Adj EPS(1)

Non-GAAP Measure Description

Represents Adjusted Earnings Per Share excluding certain gains and charges, which is the financial measure from the Company performance measure below that the Company uses to link compensation paid to the Company's PEO and Non-PEO NEOs for the years shown to the Company's performance. Adjusted Earnings Per Share excluding notables, as used in this proxy statement, is a non-GAAP financial measure, see Appendix A – Reconciliation of Non-GAAP Financial Measures for reconciliation to the most directly comparable U.S. GAAP measure.

Measure:: 2

Pay vs Performance Disclosure

Name

Adj PBT(I)(2)

Measure:: 3

Pay vs Performance Disclosure

Name

AROIC(3)

Measure:: 4

Pay vs Performance Disclosure

Name

Relative TSR