XML 48 R36.htm IDEA: XBRL DOCUMENT v3.19.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Information
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In millions)
2019
 
2018
 
2019
 
2018
Gross revenues
 
 
 
 
 
 
 
Origination
$
7,193

 
$
7,757

 
$
14,168

 
$
14,936

Oilseeds
7,547

 
8,251

 
13,956

 
15,086

Carbohydrate Solutions
2,878

 
2,906

 
5,454

 
5,718

Nutrition
1,541

 
1,029

 
2,841

 
1,987

Other
104

 
101

 
185

 
207

Intersegment elimination
(2,966
)
 
(2,976
)
 
(5,003
)
 
(5,340
)
Total gross revenues
$
16,297

 
$
17,068

 
$
31,601

 
$
32,594

 
 
 
 
 
 
 
 
Intersegment sales
 

 
 

 
 

 
 

Origination
$
712

 
$
1,117

 
$
1,563

 
$
2,029

Oilseeds
1,800

 
1,589

 
2,795

 
2,822

Carbohydrate Solutions
437

 
259

 
610

 
470

Nutrition
17

 
11

 
35

 
19

Total intersegment sales
$
2,966

 
$
2,976

 
$
5,003

 
$
5,340

 
 
 
 
 
 
 
 
Revenues from external customers
 

 
 

 
 

 
 

Origination
 
 
 
 
 
 
 
Merchandising and Handling
$
6,418

 
$
6,577

 
$
12,476

 
$
12,789

Transportation
63

 
63

 
129

 
118

Total Origination
6,481

 
6,640

 
12,605

 
12,907

Oilseeds
 
 
 
 
 
 
 
Crushing and Origination
3,613

 
4,374

 
6,869

 
7,659

Refining, Packaging, Biodiesel, and Other
2,134

 
2,288

 
4,292

 
4,605

Total Oilseeds
5,747

 
6,662

 
11,161

 
12,264

Carbohydrate Solutions
 
 
 
 
 
 
 
Starches and Sweeteners
1,684

 
1,704

 
3,306

 
3,342

Bioproducts
757

 
943

 
1,538

 
1,906

Total Carbohydrate Solutions
2,441

 
2,647

 
4,844

 
5,248

Nutrition
 
 
 
 
 
 
 
Wild Flavors and Specialty Ingredients
728

 
693

 
1,402

 
1,329

Animal Nutrition
796

 
325

 
1,404

 
639

Total Nutrition
1,524

 
1,018

 
2,806

 
1,968

 
 
 
 
 
 
 
 
Other
104

 
101

 
185

 
207

Total revenues from external customers
$
16,297

 
$
17,068

 
$
31,601

 
$
32,594

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In millions)
2019
 
2018
 
2019
 
2018
Segment operating profit
 
 
 
 
 
 
 
Origination
$
71

 
$
191

 
$
147

 
$
237

Oilseeds
291

 
341

 
632

 
690

Carbohydrate Solutions
192

 
247

 
288

 
460

Nutrition
117

 
114

 
198

 
210

Other
11

 
31

 
25

 
44

Specified Items:
 
 
 
 
 
 
 
Gains (losses) on sales of assets and businesses(1)
—

 
—

 
12

 
—

Impairment, restructuring, and settlement charges(2)
(37
)
 
(22
)
 
(46
)
 
(35
)
Total segment operating profit
645

 
902

 
1,256

 
1,606

Corporate
(371
)
 
(250
)
 
(667
)
 
(490
)
Earnings before income taxes
$
274

 
$
652

 
$
589

 
$
1,116

 
 
 
 
 
 
 
 


(1) Current year-to-date gains consisted of a gain on the sale of certain assets and a step-up gain on an equity investment.

(2) Current quarter and year-to-date charges primarily related to the impairment of certain long-lived assets. Prior quarter charges consisted of an impairment charge related to a long-term financing receivable and restructuring charges. Prior year-to-date charges consisted of impairment charges related to a long-term financing receivable and an equity investment and restructuring charges.