Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2011

Employee Benefit Plans

Retirement plan expense

	Pension Benefits									Postretirement Benefits
	2011			2010			2009			2011			2010			2009
	(In millions)									(In millions)
Retirement plan expense
Defined benefit plans:
Service cost (benefits earned during the period)	$	71		$	58		$	52		$	8		$	9		$	7
Interest cost	120			119			111			13			16			13
Expected return on plan assets	(132		)	(117		)	(113		)	—			—			—
Curtailment/Plan settlements	—			—			—			—			—			(15		)
Amortization of actuarial loss	59			31			2			—			5			1
Other amortization	5			6			6			(1		)	(1		)	(1		)
Net periodic defined benefit plan expense	123			97			58			20			29			5
Defined contribution plans	43			40			35			—			—			—
Total retirement plan expense	$	166		$	137		$	93		$	20		$	29		$	5

Changes in defined benefit obligation and fair value of defined benefit plan assets

	Pension Benefits						Postretirement Benefits
	2011			2010			2011			2010
	(In millions)						(In millions)
Benefit obligation, beginning	$	2,299		$	2,012		$	224		$	256
Service cost	71			58			8			9
Interest cost	120			119			13			16
Actuarial loss (gain)	(63		)	271			(32		)	(51		)
Employee contributions	2			2			—			—
Curtailments	—			(3		)	—			—
Business combinations	36			2			22			—
Benefits paid	(90		)	(86		)	(6		)	(6		)
Plan amendments	(9		)	—			—			—
Foreign currency effects	104			(76		)	—			—
Benefit obligation, ending	$	2,470		$	2,299		$	229		$	224
Fair value of plan assets, beginning	$	1,721		$	1,427		$	—		$	—
Actual return on plan assets	283			182			—			—
Employer contributions	116			249			6			6
Employee contributions	2			2			—			—
Business combinations	22			2			—			—
Benefits paid	(90		)	(86		)	(6		)	(6		)
Foreign currency effects	80			(55		)	—			—
Fair value of plan assets, ending	$	2,134		$	1,721		$	—		$	—
Funded status	$	(336	)	$	(578	)	$	(229	)	$	(224	)
Prepaid benefit cost	$	51		$	17		$	—		$	—
Accrued benefit liability – current	(16		)	(13		)	(8		)	(7		)
Accrued benefit liability – long-term	(371		)	(582		)	(221		)	(217		)
Net amount recognized in the balance sheet	$	(336	)	$	(578	)	$	(229	)	$	(224	)

Principal assumptions in developing net periodic pension cost

	Pension Benefits				Postretirement Benefits
	2011		2010		2011		2010
Discount rate	5.2	%	6.1	%	5.4	%	6.3	%
Expected return on plan assets	7.1	%	7.1	%	N/A		N/A
Rate of compensation increase	3.9	%	3.8	%	N/A		N/A

Principal assumptions in developing year-end actuarial present value of the projected benefit obligation

	Pension Benefits				Postretirement Benefits
	2011		2010		2011		2010
Discount rate	5.5	%	5.2	%	5.5	%	5.4	%
Rate of compensation increase	3.9	%	3.9	%	N/A		N/A

Impact of 1% change in assumed health care cost trend rates

	1% Increase		1% Decrease
	(In millions)
Effect on combined service and interest cost components	$	3	$	(2	)
Effect on accumulated postretirement benefit obligations	$	33	$	(27	)

Schedule of fair value of plan assets

	Fair Value Measurements at June 30, 2011
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In millions)
Common stock
U.S. companies	$	180	$	—	$	—	$	180
International companies	5		—		—		5
Equity mutual funds
Emerging markets	70		—		—		70
International	99		—		—		99
Large cap U.S.	378		—		—		378
Other	1		—		—		1
Common collective trust funds
International equity	—		341		—		341
Large cap U.S. equity	—		24		—		24
Fixed income	—		444		—		444
Other	—		60		—		60
Debt instruments
Corporate bonds	—		442		—		442
U.S. Treasury instruments	49		—		—		49
U.S. government agency, state and local government bonds	—		35		—		35
Other	—		6		—		6
Total assets at fair value	$	782	$	1,352	$	—	$	2,134

	Fair Value Measurements at June 30, 2010
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In millions)
Common stock
ADM common stock	$	19	$	—	$	—	$	19
U.S. companies	64		—		—		64
International companies	3		—		—		3
Equity mutual funds
Emerging markets	53		—		—		53
International	70		—		—		70
Large cap U.S.	230		—		—		230
Other	1		—		—		1
Common collective trust funds
International equity	—		365		—		365
Small cap U.S. equity	—		76		—		76
Large cap U.S. equity	—		52		—		52
Fixed income			252		—		252
Other			32		—		32
Debt instruments
Corporate bonds	—		383		—		383
U.S. Treasury instruments	84		—		—		84
U.S. government agency, state and local government bonds	—		16		—		16
Other	—		21		—		21
Total assets at fair value	$	524	$	1,197	$	—	$	1,721

Actual asset allocation for global pension plan assets

	2011(1), (2)		2010
Equity securities	52	%	48	%
Debt securities	47	%	50	%
Other	1	%	2	%
Total	100	%	100	%

Expected future benefit payments to be paid

	Pension Benefits		Postretirement Benefits
	(In millions)
2012	$	102	$	8
2013	106		9
2014	111		10
2015	116		10
2016	123		11
2017 – 2021	719		72