Segment Information

9 Months Ended

Sep. 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						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
	(In millions)
Sales to external customers
Oilseeds Processing	$	9,216		$	9,688		$	26,695		$	27,066
Corn Processing	3,393			3,126			10,084			8,789
Agricultural Services	8,751			8,956			28,781			29,674
Other	33			38			101			109
Total	$	21,393		$	21,808		$	65,661		$	65,638
Intersegment sales
Oilseeds Processing	$	1,213		$	454		$	2,817		$	1,993
Corn Processing	44			35			126			95
Agricultural Services	1,078			1,186			3,848			4,044
Other	51			41			160			122
Total	$	2,386		$	1,716		$	6,951		$	6,254
Net sales
Oilseeds Processing	$	10,429		$	10,142		$	29,512		$	29,059
Corn Processing	3,437			3,161			10,210			8,884
Agricultural Services	9,829			10,142			32,629			33,718
Other	84			79			261			231
Intersegment elimination	(2,386		)	(1,716		)	(6,951		)	(6,254		)
Total	$	21,393		$	21,808		$	65,661		$	65,638
Segment operating profit
Oilseeds Processing	$	361		$	336		$	995		$	1,209
Corn Processing	159			68			535			275
Agricultural Services	102			78			334			462
Other	(16		)	16			19			14
Total segment operating profit	606			498			1,883			1,960
Corporate	103			(203		)	(482		)	(681		)
Earnings from continuing operations before taxes	$	709		$	295		$	1,401		$	1,279