Segment Information

3 Months Ended

Mar. 31, 2013

Segment Information [Abstract]

Segment Information

Note 13.     Segment Information

The Company is principally engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products.  The Company’s operations are organized, managed and classified into three reportable business segments:  Oilseeds Processing, Corn Processing, and Agricultural Services.  Each of these segments is organized based upon the nature of products and services offered.  The Company’s remaining operations are not reportable segments, as defined by the applicable accounting standard, and are classified as Other. 

Intersegment sales have been recorded at amounts approximating market.  Operating profit for each segment is based on net sales less identifiable operating expenses.  Also included in segment operating profit is equity in earnings of affiliates based on the equity method of accounting.  Certain Corporate items are not allocated to the Company’s reportable business segments.  Corporate results principally include the impact of LIFO-related adjustments, unallocated corporate expenses, and interest cost net of investment income.

	Three Months Ended
	March 31,
	2013		2012
	(In millions)
Sales to external customers
Oilseeds Processing	$	8,143	$	7,715
Corn Processing		3,053		2,835
Agricultural Services		10,500		10,571
Other		31		34
Total	$	21,727	$	21,155
Intersegment sales
Oilseeds Processing	$	569	$	548
Corn Processing		34		33
Agricultural Services		1,641		1,410
Other		56		40
Total	$	2,300	$	2,031
Net sales
Oilseeds Processing	$	8,712	$	8,263
Corn Processing		3,087		2,868
Agricultural Services		12,141		11,981
Other		87		74
Intersegment elimination		(2,300)		(2,031)
Total	$	21,727	$	21,155
Segment operating profit
Oilseeds Processing	$	313	$	542
Corn Processing		153		133
Agricultural Services		151		261
Other		13		(18)
Total segment operating profit		630		918
Corporate		(255)		(350)
Earnings before income taxes	$	375	$	568