Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment Information

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Gross revenues
Agricultural Services	$	7,022		$	7,953		$	21,351		$	22,486
Corn Processing	2,517			2,630			7,318			7,570
Oilseeds Processing	6,797			6,498			20,109			19,418
Wild Flavors and Specialty Ingredients	586			614			1,809			1,893
Other	98			95			293			314
Intersegment elimination	(2,193		)	(1,958		)	(6,122		)	(5,836		)
Total gross revenues	$	14,827		$	15,832		$	44,758		$	45,845
Intersegment sales
Agricultural Services	$	947		$	993		$	2,622		$	2,659
Corn Processing	192			239			475			620
Oilseeds Processing	1,045			723			3,003			2,547
Wild Flavors and Specialty Ingredients	9			3			22			10
Total intersegment sales	$	2,193		$	1,958		$	6,122		$	5,836
Revenues from external customers
Agricultural Services
Merchandising and Handling	$	5,265		$	6,146		$	16,434		$	17,331
Milling and Other	757			754			2,141			2,325
Transportation	53			60			154			171
Total Agricultural Services	6,075			6,960			18,729			19,827
Corn Processing
Sweeteners and Starches	1,087			1,057			3,192			3,061
Bioproducts	1,238			1,334			3,651			3,889
Total Corn Processing	2,325			2,391			6,843			6,950
Oilseeds Processing
Crushing and Origination	3,665			3,660			10,850			10,799
Refining, Packaging, Biodiesel, and Other	2,025			2,042			6,064			5,852
Asia	62			73			192			220
Total Oilseeds Processing	5,752			5,775			17,106			16,871
Wild Flavors and Specialty Ingredients	577			611			1,787			1,883
Total Wild Flavors and Specialty Ingredients	577			611			1,787			1,883
Other - Financial	98			95			293			314
Total Other	98			95			293			314
Total revenues from external customers	$	14,827		$	15,832		$	44,758		$	45,845

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Segment operating profit
Agricultural Services	$	87		$	195		284			328
Corn Processing	253			214			648			506
Oilseeds Processing	119			145			639			641
Wild Flavors and Specialty Ingredients	61			73			228			237
Other	21			23			78			84
Specified Items:
Gains (losses) on sales of assets and businesses(1)	12			(4		)	20			114
Impairment, restructuring, settlement charges(2)	(63		)	(4		)	(98		)	(16		)
Hedge timing effects(3)	(5		)	3			4			4
Total segment operating profit	485			645			1,803			1,898
Corporate	(260		)	(165		)	(737		)	(705		)
Earnings before income taxes	$	225		$	480		$	1,066		$	1,193

⁽¹⁾ Current quarter gain related to disposals of individually insignificant assets in the ordinary course of business Current year to date gain related to the sale of the crop risk services business and disposals of other individually insignificant assets in the ordinary course of business, partially offset by an adjustment of the proceeds of the 2015 sale of the cocoa business. Prior quarter loss related principally to a loss on the sale of an investment. Prior year to date 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 December 2012 sale of the Company’s equity investment in Gruma S.A. de C.V., 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 consisted of asset impairments related to the reconfiguration of the Company’s Peoria, Illinois ethanol complex in the Corn processing segment and several individually insignificant asset impairments and restructuring charges. 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.