Asset Impairment Charges And Exit Costs (Tables)

6 Months Ended

Dec. 31, 2012

Asset Impairment Charges And Exit Costs [Abstract]


	Six Months Ended December 31				Year Ended
(In millions)	2012			2011	June 30, 2012
	(Unaudited)

Employee-related costs ⁽¹⁾	$	-	$	-	$	71
Facility exit and other related costs ⁽²⁾		146		352		366
Total asset impairment, exit, and restructuring costs	$	146	$	352	$	437

⁽¹⁾	These costs primarily consist of one-time termination benefits provided to employees who have been involuntarily terminated and $34 million for pension and postretirement remeasurement charges triggered by an amendment of its U.S. plans due to the voluntary early retirement program.

⁽²⁾

Facility exit and other related costs for the six months ended December 31, 2012 consist of an asset impairment charge of $146 million related to the Gruma investment writedown in the Agricultural Services segment. Facility and other related costs for the six months ended December 31, 2011 consist of asset impairment charges and other costs of $339 million related to the exit of the Clinton, IA, bioplastics facility in the Corn Processing segment and $13 million investment writedown in Corporate. Facility exit and other related costs for the fiscal year ended June 30, 2012 consist of asset impairment charges and other costs of $349 million related to the exit of the Clinton, IA, bioplastics and Walhalla, ND, ethanol facilities in the Corn Processing segment and investment writedown and other facility exit-related costs of $17 million in Corporate.

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

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