Revenues Revenues (Tables)

6 Months Ended

Jun. 30, 2018

Revenues [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenues

The following table presents revenue disaggregated by timing of recognition and major product lines for the three months ended June 30, 2018.

	Topic 606 Revenue						Topic 815(1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
	(In millions)
Origination
Merchandising and Handling	$	527	$	60	$	587	$	5,956	$	6,543
Transportation	—		63		63		—		63
Total Origination	527		123		650		5,956		6,606
Oilseeds
Crushing and Origination	131		—		131		4,692		4,823
Refining, Packaging, Biodiesel, and Other	594		—		594		1,258		1,852
Total Oilseeds	725		—		725		5,950		6,675
Carbohydrate Solutions
Starches and Sweeteners	1,281		—		1,281		423		1,704
Bioproducts	964		—		964		—		964
Total Carbohydrate Solutions	2,245		—		2,245		423		2,668
Nutrition
Wild Flavors and Specialty Ingredients	693		—		693		—		693
Animal Nutrition	325		—		325		—		325
Total Nutrition	1,018		—		1,018		—		1,018
Other	101		—		101		—		101
Total Revenues	$	4,616	$	123	$	4,739	$	12,329	$	17,068

⁽¹⁾ Topic 815 revenue relates to the physical delivery or the settlement of the Company’s sales contracts that are accounted for as derivatives and are outside the scope of Topic 606.

The following table presents revenue disaggregated by timing of recognition and major product lines for the six months endedJune 30, 2018.

	Topic 606 Revenue						Topic 815(1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
	(In millions)
Origination
Merchandising and Handling	$	1,146	$	122	$	1,268	$	11,435	$	12,703
Transportation	—		118		118		—		118
Total Origination	1,146		240		1,386		11,435		12,821
Oilseeds
Crushing and Origination	317		—		317		8,116		8,433
Refining, Packaging, Biodiesel, and Other	1,152		—		1,152		2,723		3,875
Total Oilseeds	1,469		—		1,469		10,839		12,308
Carbohydrate Solutions
Starches and Sweeteners	2,438		—		2,438		904		3,342
Bioproducts	1,948		—		1,948		—		1,948
Total Carbohydrate Solutions	4,386		—		4,386		904		5,290
Nutrition
Wild Flavors and Specialty Ingredients	1,329		—		1,329		—		1,329
Animal Nutrition	639		—		639		—		639
Total Nutrition	1,968		—		1,968		—		1,968
Other	207		—		207		—		207
Total Revenues	$	9,176	$	240	$	9,416	$	23,178	$	32,594

⁽¹⁾ Topic 815 revenue relates to the physical delivery or the settlement of the Company’s sales contracts that are accounted for as derivatives and are outside the scope of Topic 606.

Schedule of the financial statement transition impacts from the adoption of ASC 606 [Table Text Block]

The following tables summarize the impacts of Topic 606 adoption on the various lines of the Company’s consolidated financial statements.

Consolidated Balance Sheet (excerpt)

	January 1, 2018		June 30, 2018
	After Adoption		As		Under		Effect of
	of Topic 606		Reported		Topic 605		Change
	(In millions)
Assets
Trade receivables	$	2,343	$	1,900	$	1,718	$	182
Inventories	8,770		7,953		8,152		(199		)
Total Current Assets	19,918		18,647		18,664		(17		)
Total Assets	$	39,956	$	38,755	$	38,772	$	(17	)
Liabilities, Temporary Equity, and Shareholders’ Equity
Accrued expenses and other payables	$	2,826	$	3,173	$	3,184	$	(11	)
Total Current Liabilities	12,563		11,718		11,729		(11		)
Reinvested earnings	17,552		18,132		18,138		(6		)
Total Shareholders’ Equity	18,322		18,712		18,718		(6		)
Total Liabilities, Temporary Equity, and Shareholders’ Equity	$	39,956	$	38,755	$	38,772	$	(17	)

Consolidated Statement of Earnings (excerpt)

	Three Months Ended							Six Months Ended
	June 30, 2018							June 30, 2018
			Without							Without
	As		Adoption of		Effect of			As		Adoption of		Effect of
	Reported		Topic 606		Change			Reported		Topic 606		Change
	(In millions)
Revenues	$	17,068	$	17,197	$	(129	)	$	32,594	$	32,733	$	(139	)
Cost of products sold	15,887		16,007		(120		)	30,524		30,659		(135		)
Gross profit	1,181		1,190		(9		)	2,070		2,074		(4		)
Earnings before income taxes	652		661		(9		)	1,116		1,120		(4		)
Income taxes	86		89		(3		)	154		155		(1		)
Net earnings including noncontrolling interests	566		572		(6		)	962		965		(3		)
Net earnings attributable to controlling interests	566		572		(6		)	959		962		(3		)