Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

During the year ended December 31, 2015, the Company acquired four businesses, including the remaining interest in Eaststarch C.V. described above, for a total cost of $508 million. The purchase price, net of cash acquired of $29 million, plus the acquisition-date fair values of the Company’s previously held equity interests of $385 million in Eaststarch C.V. and $64 million in North Star Shipping and Minmetal included in Others below, were preliminarily allocated as follows:



(In millions)	Eaststarch C.V.			Others			Total
Trade receivables	$	27		$	25		$	52
Inventories	47			15			62
Other current assets	24			6			30
Investments in and advances to affiliates	193			—			193
Goodwill	132			119			251
Other intangible assets	166			161			327
Property, plant, and equipment	126			73			199
Other assets	—			15			15
Trade payables	(16		)	(13		)	(29		)
Accrued expense and other payables	(24		)	(13		)	(37		)
Long-term debt	—			(43		)	(43		)
Deferred income taxes	(32		)	(38		)	(70		)
Other liabilities	(22		)	—			(22		)
Total purchase price, net of cash acquired, plus acquisition date fair values of previously held equity interests	$	621		$	307		$	928

During the year ended December 31, 2016, the Company acquired a 90% interest in Harvest Innovations, an industry leader in minimally processed, expeller-pressed soy proteins, oils, and gluten-free ingredients; a 50% interest in Cairo-based Medsofts Group, a joint venture that owns and manages merchandising and supply chain operations; Caterina Foods, a leading toll manufacturer of specialty gluten-free and high-protein pastas; and a Casablanca, Morocco-based corn wet mill that produces glucose and native starch for an aggregate cost of $141 million in cash. The aggregate purchase price of these acquisitions, net of cash acquired of $11 million, was preliminarily allocated as follows:



	(In millions)
Working capital	$	15
Property, plant, and equipment	23
Goodwill	72
Other intangible assets	41
Other long-term assets	34
Long-term liabilities	(17		)
Noncontrolling interest	(38		)
Aggregate cash purchase price, net of cash acquired	$	130

During the year ended December 31, 2017, the Company acquired Crosswind Industries, Inc., Chamtor SA, a 51% controlling interest in Industries Centers, and an 89% controlling interest in Biopolis SL for an aggregate consideration of $194 million in cash. The aggregate purchase price of these acquisitions, net of cash acquired of $7 million, was preliminarily allocated as follows:



	(In millions)
Working capital	$	19
Property, plant, and equipment	116
Goodwill	33
Other intangible assets	47
Other long-term assets	8
Long-term debt	(8		)
Other long-term liabilities	(16		)
Noncontrolling interest	(12		)
Aggregate cash purchase price, net of cash acquired	$	187

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table sets forth the preliminary fair values and weighted average useful lives of the other intangible assets acquired.



	Weighted Average
	Useful Life	Eaststarch C.V.		Others		Total
	(In years)	(In millions)
Intangible assets with indefinite lives:
Trademarks/brands		$	—	$	5	$	5
Intangible assets with finite lives:
Land rights	33	—		122		122
Customer lists	15	166		31		197
Recipes and other	5	—		3		3
Total other intangible assets acquired		$	166	$	161	$	327