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Segment Information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s operations are organized, managed, and classified into three reportable business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. Each of these segments is organized based upon the nature of products and services offered. The Company’s remaining operations are not reportable segments, as defined by the applicable accounting standard, and are classified as Other Business.

The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds (cottonseed, sunflower seed, canola, rapeseed, and flaxseed) into vegetable oils and protein meals. Oilseeds products produced and marketed by the segment include ingredients for food, feed, energy, and industrial customers. Crude vegetable oils produced by the segment’s crushing activities are sold “as is” to manufacturers of renewable green diesel and other customers or are further processed by refining, blending, bleaching, and deodorizing into salad oils. Salad oils are sold “as is” or are further processed by hydrogenating and/or interesterifying into margarine, shortening, and other food products. Partially refined oils are used to produce biodiesel and glycols or are sold to other manufacturers for use in chemicals, paints, and other industrial products. Oilseed protein meals are principally sold to third parties to be used as ingredients in commercial livestock and poultry feeds. The Ag Services and Oilseeds segment is also a major supplier of peanuts and peanut-derived ingredients to both the U.S. and export markets. In North America, cotton cellulose pulp is manufactured and sold to the chemical, paper, and other industrial markets. The Ag Services and Oilseeds segment’s grain sourcing, handling, and transportation network (including barge, ocean-going vessel, truck, rail, and container freight services) provides reliable and efficient services to the Company’s customers and agricultural processing operations. The Ag Services and Oilseeds segment also includes agricultural commodity and feed product import, export, and global distribution, and structured trade finance activities. Structured trade finance’s activities include programs under which ADM prepays financial institutions, on a discounted basis, U.S. dollar-denominated letters of credit based on underlying commodity trade flows. The segment also includes the Company’s share of the results of its equity investment in Wilmar International Limited (Wilmar) and its share of the results of its Pacificor, Stratas Foods LLC, Edible Oils Limited, Olenex Sarl, and SoyVen joint ventures.

The Carbohydrate Solutions segment is engaged in corn and wheat wet and dry milling and other activities. The Carbohydrate Solutions segment converts corn and wheat into products and ingredients used in the food and beverage industry including sweeteners, corn and wheat starches, syrup, glucose, wheat flour, and dextrose. Dextrose and starch are used by the Carbohydrate Solutions segment as feedstocks in other downstream processes. By fermentation of dextrose, the Carbohydrate Solutions segment produces alcohol and other food and animal feed ingredients. Ethyl alcohol is produced by the Company for industrial use in products such as hand sanitizers, as ethanol, or as beverage grade. Ethanol, in gasoline, increases octane and is used as an extender and oxygenate. Corn gluten feed and meal, as well as distillers’ grains, are produced for use as animal feed ingredients. Corn germ, a by-product of the wet milling process, is further processed into vegetable oil and protein meal. Other Carbohydrate Solutions products include citric acids which are used in various food and industrial products. The Carbohydrate Solutions segment also includes the Illinois Basin Carbon Sequestration - Decatur project which takes carbon dioxide emissions from its Decatur, IL corn operations and sequesters it into the ground. The segment also includes the Company’s share of the results of its equity investments in Hungrana Ltd., Almidones Mexicanos S.A., Red Star Yeast Company, LLC, and Aston Foods and Food Ingredients.

The Nutrition segment serves various end markets including food, beverages, nutritional supplements, and feed and premix for livestock, aquaculture, and pet food. The segment engages in the manufacturing, sale, and distribution of a wide array of ingredients and solutions including plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, enzymes, botanical extracts, and other specialty food and feed ingredients. The Nutrition segment includes the activities related to the procurement, processing, and distribution of edible beans. The segment also includes activities related to the processing and distribution of formula feeds and animal health and nutrition products and the manufacture of contract and private label pet treats and foods.
Other Business includes the Company’s financial business units related to futures commission and insurance activities.

Intersegment sales have been recorded at amounts approximating market. Operating profit for each segment is based on net sales less identifiable operating expenses. Also included in operating profit for each segment is equity in earnings of affiliates based on the equity method of accounting. Specified items included in total segment operating profit and certain corporate items are not allocated to the Company’s individual business segments because operating performance of each business segment is evaluated by management exclusive of these items. Corporate results principally include the impact of LIFO-related adjustments, unallocated corporate expenses, and interest expense net of interest income. Corporate results also include revaluation gains and losses on cost method investments and the share of the results of equity investments in early-stage start-up companies that ADM Ventures has investments in.

Three Months EndedSix Months Ended
June 30,June 30,
(In millions)2021202020212020
Gross revenues    
Ag Services and Oilseeds$18,799 $14,431 $34,738 $26,781 
Carbohydrate Solutions3,271 2,213 5,905 4,767 
Nutrition1,793 1,474 3,417 2,990 
Other Business102 89 202 193 
Intersegment elimination(1,039)(1,926)(2,443)(3,480)
Total gross revenues$22,926 $16,281 $41,819 $31,251 
Intersegment sales    
Ag Services and Oilseeds$528 $1,690 $1,460 $2,961 
Carbohydrate Solutions451 199 862 437 
Nutrition60 37 121 82 
Total intersegment sales$1,039 $1,926 $2,443 $3,480 
Revenues from external customers    
Ag Services and Oilseeds
Ag Services $12,815 $8,652 $22,961 $15,578 
Crushing2,827 2,405 5,569 4,718 
Refined Products and Other2,629 1,684 4,748 3,524 
Total Ag Services and Oilseeds18,271 12,741 33,278 23,820 
Carbohydrate Solutions
Starches and Sweeteners1,846 1,545 3,591 3,195 
Vantage Corn Processors974 469 1,452 1,135 
Total Carbohydrate Solutions2,820 2,014 5,043 4,330 
Nutrition
Human Nutrition848 723 1,602 1,442 
Animal Nutrition885 714 1,694 1,466 
Total Nutrition1,733 1,437 3,296 2,908 
Other Business102 89 202 193 
Total revenues from external customers$22,926 $16,281 $41,819 $31,251 
Three Months EndedSix Months Ended
June 30,June 30,
(In millions)2021202020212020
Segment operating profit
Ag Services and Oilseeds$570 $413 $1,347 $835 
Carbohydrate Solutions383 195 642 263 
Nutrition201 158 355 300 
Other Business6 38 15 49 
Specified Items:
Gains (losses) on sales of assets and businesses(1)
22 23 22 23 
Impairment, restructuring, and settlement charges(2)
(37)(14)(131)(58)
Total segment operating profit1,145 813 2,250 1,412 
Corporate(320)(261)(601)(485)
Earnings before income taxes$825 $552 $1,649 $927 
(1) Consists of gains on the sale of certain assets in all periods presented.

(2) Current quarter charges related to the impairment of certain long-lived assets and restructuring. Current year-to-date charges also included a legal settlement. Prior quarter and year-to-date charges related to the impairment of certain long-lived assets and restructuring.