Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Information

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.

For detailed information regarding the Company's reportable segments, see Note 18 to the consolidated financial statements included in the Company's transition report on Form 10-KT for the six months ended December 31, 2012.

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
	(In millions)
Sales to external customers
Oilseeds Processing	$	9,336		$	9,663		$	17,479		$	17,378
Corn Processing	3,638			2,828			6,691			5,663
Agricultural Services	9,530			10,147			20,030			20,718
Other	37			37			68			71
Total	$	22,541		$	22,675		$	44,268		$	43,830
Intersegment sales
Oilseeds Processing	$	1,035		$	991		$	1,604		$	1,539
Corn Processing	48			27			82			60
Agricultural Services	1,129			1,448			2,770			2,858
Other	53			41			109			81
Total	$	2,265		$	2,507		$	4,565		$	4,538
Net sales
Oilseeds Processing	$	10,371		$	10,654		$	19,083		$	18,917
Corn Processing	3,686			2,855			6,773			5,723
Agricultural Services	10,659			11,595			22,800			23,576
Other	90			78			177			152
Intersegment elimination	(2,265		)	(2,507		)	(4,565		)	(4,538		)
Total	$	22,541		$	22,675		$	44,268		$	43,830
Segment operating profit
Oilseeds Processing	$	321		$	331		$	634		$	873
Corn Processing	223			74			376			207
Agricultural Services	81			123			232			384
Other	22			16			35			(2		)
Total segment operating profit	647			544			1,277			1,462
Corporate	(330		)	(128		)	(585		)	(478		)
Earnings before income taxes	$	317		$	416		$	692		$	984