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Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment Information
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In millions)
2017
 
2016
 
2017
 
2016
Gross revenues
 
 
 
 
 
 
 
Agricultural Services
$
6,594

 
$
7,098

 
$
14,329

 
$
14,533

Corn Processing
2,455

 
2,549

 
4,801

 
4,940

Oilseeds Processing
7,161

 
7,195

 
13,312

 
12,920

Wild Flavors and Specialty Ingredients
656

 
684

 
1,223

 
1,279

Other
101

 
111

 
195

 
219

Intersegment elimination
(2,024
)
 
(2,008
)
 
(3,929
)
 
(3,878
)
Total gross revenues
$
14,943

 
$
15,629

 
$
29,931

 
$
30,013

 
 
 
 
 
 
 
 
Intersegment sales
 

 
 

 
 

 
 

Agricultural Services
$
746

 
$
711

 
$
1,675

 
$
1,666

Corn Processing
181

 
197

 
283

 
381

Oilseeds Processing
1,089

 
1,096

 
1,958

 
1,824

Wild Flavors and Specialty Ingredients
8

 
4

 
13

 
7

Total intersegment sales
$
2,024

 
$
2,008

 
$
3,929

 
$
3,878

 
 
 
 
 
 
 
 
Revenues from external customers
 

 
 

 
 

 
 

Agricultural Services
 
 
 
 
 
 
 
Merchandising and Handling
$
5,099

 
$
5,506

 
$
11,169

 
$
11,185

Milling and Other
698

 
825

 
1,384

 
1,571

Transportation
51

 
56

 
101

 
111

Total Agricultural Services
5,848

 
6,387

 
12,654

 
12,867

Corn Processing
 
 
 
 
 
 
 
Sweeteners and Starches
1,077

 
1,037

 
2,105

 
2,004

Bioproducts
1,197

 
1,315

 
2,413

 
2,555

Total Corn Processing
2,274

 
2,352

 
4,518

 
4,559

Oilseeds Processing
 
 
 
 
 
 
 
Crushing and Origination
3,911

 
4,033

 
7,185

 
7,139

Refining, Packaging, Biodiesel, and Other
2,094

 
2,041

 
4,039

 
3,810

Asia
67

 
25

 
130

 
147

Total Oilseeds Processing
6,072

 
6,099

 
11,354

 
11,096

 
 
 
 
 
 
 
 
Wild Flavors and Specialty Ingredients
648

 
680

 
1,210

 
1,272

Total Wild Flavors and Specialty Ingredients
648

 
680

 
1,210

 
1,272

 
 
 
 
 
 
 
 
Other - Financial
101

 
111

 
195

 
219

Total Other
101

 
111

 
195

 
219

Total revenues from external customers
$
14,943

 
$
15,629

 
$
29,931

 
$
30,013

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In millions)
2017
 
2016
 
2017
 
2016
Segment operating profit
 
 
 
 
 
 
 
Agricultural Services
$
109

 
$
57

 
197

 
133

Corn Processing
224

 
163

 
395

 
292

Oilseeds Processing
206

 
235

 
520

 
496

Wild Flavors and Specialty Ingredients
92

 
94

 
167

 
164

Other
27

 
24

 
57

 
61

Specified Items:
 
 
 
 
 
 
 
Gains (losses) on sales of assets and businesses1
8

 
118

 
8

 
118

Impairment, restructuring, settlement charges2
(26
)
 
(10
)
 
(35
)
 
(12
)
Hedge timing effects3
2

 
(1
)
 
9

 
1

Total segment operating profit
642

 
680

 
1,318

 
1,253

Corporate
(259
)
 
(273
)
 
(477
)
 
(540
)
Earnings before income taxes
$
383

 
$
407

 
$
841

 
$
713

 
 
 
 
 
 
 
 


1 Current period gain related to the sale of the crop risk services business partially offset by an adjustment of the proceeds of the 2015 sale of the cocoa business. Prior period gain primarily related to recovery of loss provisions and gain related to the sale of the Company’s Brazilian sugar ethanol facilities, realized contingent consideration on the sale of the Company’s equity investment in Gruma S.A. de C.V. in December 2012, and revaluation of the remaining interest to settlement value in conjunction with the acquisition of the remaining interest in Amazon Flavors.

2 Current quarter and year to date charges related to impairment of certain long-lived assets, restructuring charges, and a settlement charge. Prior quarter and YTD charges primarily related to impairment of certain long-lived assets and restructuring charges.

3 Hedge timing effects relate to hedge ineffectiveness associated with documented hedge programs.