Segment Information

3 Months Ended

Mar. 31, 2014

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. Corporate results also include the after-tax elimination of income attributable to the minority shareholders of Toepfer.

For detailed information regarding the Company's reportable segments, see Note 18 to the consolidated financial statements included in the Company's Annual report on Form 10-K for the year ended December 31, 2013.

	Three Months Ended
	March 31,
	2014			2013
	(In millions)
Gross revenues
Oilseeds Processing	$	8,398		$	8,712
Corn Processing	2,849			3,087
Agricultural Services	11,075			12,141
Other	146			87
Intersegment elimination	(1,772		)	(2,300		)
Total	$	20,696		$	21,727
Intersegment sales
Oilseeds Processing	$	595		$	569
Corn Processing	19			34
Agricultural Services	1,101			1,641
Other	57			56
Total	$	1,772		$	2,300
Revenues from external customers
Oilseeds Processing	$	7,803		$	8,143
Corn Processing	2,830			3,053
Agricultural Services	9,974			10,500
Other	89			31
Total	$	20,696		$	21,727
Segment operating profit
Oilseeds Processing	$	334		$	313
Corn Processing	196			153
Agricultural Services	153			151
Other	8			13
Total segment operating profit	691			630
Corporate	(325		)	(255		)
Earnings from continuing operations before taxes	$	366		$	375