Subsequent Events

3 Months Ended

Mar. 31, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Events

On April 15, 2014, the Company announced three significant actions in its portfolio management. The Company:

• signed an agreement with The Mosaic Company to sell its fertilizer blending business in Brazil and Paraguay;

• plans to pursue the sale of its chocolate processing assets while retaining the majority of the cocoa press operations; and

• plans to acquire the remaining shares for full ownership of Alfred C. Toepfer International (Toepfer), currently an 80% owned global merchandiser of agricultural commodities and processed products.

The Company considered whether the fertilizer blending business should be classified as held for sale as of March 31, 2014, and determined that the requirements under the applicable authoritative accounting literature for held for sale accounting were not met.

The fertilizer sale and the Toepfer transaction are contingent on customary regulatory approvals.