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Investments In And Advances To Affiliates
12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Investments In And Advances To Affiliates Investments in and Advances to Affiliates
The Company applies the equity method of accounting for investments in investees over which ADM has the ability to exercise significant influence, including the Company’s 22.3% and 22.2% share ownership in Wilmar as of December 31, 2021 and 2020, respectively.  As of December 31, 2021, the Company also holds equity method investments in Pacificor (32.2%), Stratas Foods LLC (50.0%), Edible Oils Limited (50.0%), Olenex (37.5%), SoyVen (50.0%), Hungrana Ltd (50.0%), Almidones Mexicanos S.A. (50.0%), Red Star Yeast Company, LLC (40.0%), and Aston Foods and Food Ingredients (50.0%). The Company had 63 and 60 unconsolidated domestic and foreign affiliates as of December 31, 2021 and 2020, respectively.  The following table summarizes the combined balance sheets as of December 31, 2021 and 2020, and the combined statements of earnings of the Company’s unconsolidated affiliates for the years ended December 31, 2021, 2020, and 2019.
December 31
(In millions)20212020
Current assets$34,955 $29,508 
Non-current assets27,938 23,853 
Current liabilities(30,002)(25,969)
Non-current liabilities(8,362)(7,191)
Noncontrolling interests(2,630)(1,075)
Net assets$21,899 $19,126 
Year Ended December 31
(In millions)202120202019
Revenues$87,528 $59,195 $50,596 
Gross profit7,719 5,070 5,334 
Net income2,315 2,093 1,455 

The Company’s share of the undistributed earnings of its unconsolidated affiliates as of December 31, 2021 is $2.8 billion.  The Company’s investment in Wilmar has a carrying value of $4.0 billion as of December 31, 2021, and a market value of $4.3 billion based on quoted market price converted to U.S. dollars at the applicable exchange rate at December 31, 2021.

The Company provides credit facilities totaling $106 million to five unconsolidated affiliates.  Two facilities that bear interest between 0.00% and 2.67% have a total outstanding balance of $32 million. The other three facilities have no outstanding balance as of December 31, 2021.  The outstanding balance is included in other current assets in the accompanying consolidated balance sheet.

Net sales to unconsolidated affiliates during the years ended December 31, 2021, 2020, and 2019 were $6.6 billion, $4.7 billion, and $4.9 billion, respectively.

Accounts receivable due from unconsolidated affiliates as of December 31, 2021 and 2020 was $274 million and $197 million, respectively.