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Segment Information
 9 Months Ended
Sep. 30, 2022
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.

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 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.

For more information about the Company’s business segments, refer to Note 17 of “Notes to Consolidated Financial Statements” included in Item 8, “Financial Statements and Supplementary Data” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
Three Months EndedNine Months Ended
September 30,September 30,
(In millions)2022202120222021
Gross revenues    
Ag Services and Oilseeds$20,238 $16,410 $61,838 $51,148 
Carbohydrate Solutions4,070 3,227 12,750 9,132 
Nutrition1,900 1,755 5,921 5,172 
Other Business97 88 305 290 
Intersegment elimination(1,622)(1,140)(5,197)(3,583)
Total gross revenues$24,683 $20,340 $75,617 $62,159 
Intersegment sales    
Ag Services and Oilseeds$1,097 $721 $3,015 $2,181 
Carbohydrate Solutions489 361 2,052 1,223 
Nutrition36 58 130 179 
Total intersegment sales$1,622 $1,140 $5,197 $3,583 
Revenues from external customers    
Ag Services and Oilseeds
Ag Services $12,537 $9,899 $38,717 $32,860 
Crushing3,220 2,842 9,804 8,411 
Refined Products and Other3,384 2,948 10,302 7,696 
Total Ag Services and Oilseeds19,141 15,689 58,823 48,967 
Carbohydrate Solutions
Starches and Sweeteners2,680 1,972 7,697 5,563 
Vantage Corn Processors901 894 3,001 2,346 
Total Carbohydrate Solutions3,581 2,866 10,698 7,909 
Nutrition
Human Nutrition906 808 2,884 2,410 
Animal Nutrition958 889 2,907 2,583 
Total Nutrition1,864 1,697 5,791 4,993 
Other Business97 88 305 290 
Total revenues from external customers$24,683 $20,340 $75,617 $62,159 
Three Months EndedNine Months Ended
September 30,September 30,
(In millions)2022202120222021
Segment operating profit
Ag Services and Oilseeds$1,075 $618 $3,202 $1,965 
Carbohydrate Solutions309 213 1,099 855 
Nutrition177 176 605 531 
Other Business18 (5)78 10 
Specified Items:
Gains on sales of assets and businesses(1)
29 — 30 22 
Impairment, restructuring, and settlement charges(2)
(49)(2)(76)(133)
Total segment operating profit1,559 1,000 4,938 3,250 
Corporate(329)(347)(918)(948)
Earnings before income taxes$1,230 $653 $4,020 $2,302 
(1) Consists of gains on the sale of certain assets in all periods presented.
(2) Current quarter and year-to-date charges related primarily to the impairment of certain assets, restructuring, and a contingency/settlement. Prior quarter charges were related to restructuring. Prior year-to-date charges were related to the impairment of certain long-lived assets, restructuring, and a contingency/settlement.