XML 61 R23.htm IDEA: XBRL DOCUMENT v3.3.0.814
Asset Impairment, Exit, and Restructuring Costs
9 Months Ended
Sep. 30, 2015
Restructuring, Settlement and Impairment Provisions [Abstract]  
Asset Impairment, Exit, and Resructuring Costs
Asset Impairment, Exit, and Restructuring Costs

Asset impairment, exit, and restructuring costs recognized in the three months ended September 30, 2015 of $65 million consisted of fixed asset impairments of $33 million related to sugar ethanol facilities in Brazil in the Corn Processing segment, restructuring charges of $28 million related principally to an international pension plan settlement, and other fixed asset impairments in the Oilseeds processing segment of $4 million. Asset impairment, exit, and restructuring costs recognized in the nine months ended September 30, 2015 of $96 million consisted of long-lived asset and goodwill impairments of $32 million related primarily to certain international Oilseeds Processing facilities, restructuring charges of $28 million related to an international pension plan settlement, fixed asset impairments of $34 million related primarily to sugar ethanol facilities in Brazil in the Corn Processing segment, and $2 million of other fixed asset impairments in the Agricultural Services segment.

Asset impairment, exit, and restructuring costs recognized in the nine months ended September 30, 2014 of $31 million consisted of costs associated with the relocation of the Company’s global headquarters to Chicago, Illinois of $16 million and restructuring charges related to the integration of a subsidiary following the acquisition of the minority interest and other restructuring charges of $15 million.