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Segment and Geographic Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment And Geographic Information Segment and Geographic 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. The Company engages in various structured trade finance activities to leverage its global trade flows. This segment also includes the Company’s share of the results of its equity investment in Wilmar and its share of the results of its Pacificor, Stratas Foods LLC, Edible Oils Limited, Olenex, 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 and ethanol for use in gasoline due to its ability to increase octane 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 has announced various memorandums of understanding with potential strategic partners leveraging our core production capabilities and carbon sequestration experience to facilitate the production of low carbon, bio-based products such as sustainable aviation fuel and innovative renewable chemicals. This segment also includes the Company’s share of the results of its equity investments in Hungrana Ltd., Almidones Mexicanos S.A., and Aston Foods and Food Ingredients. In November 2021, the Company sold its ethanol production complex in Peoria, Illinois. In August 2022, the Company launched two joint ventures, GreenWise Lactic and LG Chem Illinois Biochem, with LG Chem, a leading global diversified chemical company, for the U.S. production of lactic acid and polylactic acid to meet growing demand for a wide variety of plant-based products.

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. This segment also includes the Company’s share of the results of its equity investment in Vimison S.A. de C.V.

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, interest cost net of interest income, and 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.
Segment Information
 Year Ended
(In millions)December 31
 202220212020
Gross revenues
Ag Services and Oilseeds$83,686 $70,455 $55,667 
Carbohydrate Solutions16,336 12,672 9,423 
Nutrition7,836 6,933 5,959 
Other396 380 367 
Intersegment elimination(6,698)(5,191)(7,061)
Total$101,556 $85,249 $64,355 
Intersegment revenues 
Ag Services and Oilseeds$4,123 $3,408 $5,951 
Carbohydrate Solutions2,375 1,562 951 
Nutrition200 221 159 
Total$6,698 $5,191 $7,061 
Revenues from external customers
Ag Services and Oilseeds
Ag Services$53,181 $45,017 $32,726 
Crushing13,139 11,368 9,593 
Refined Products and Other13,243 10,662 7,397 
Total Ag Services and Oilseeds79,563 67,047 49,716 
Carbohydrate Solutions
Starches and Sweeteners10,251 7,611 6,387 
Vantage Corn Processors 3,710 3,499 2,085 
Total Carbohydrate Solutions13,961 11,110 8,472 
Nutrition
Human Nutrition3,769 3,189 2,812 
Animal Nutrition3,867 3,523 2,988 
Total Nutrition7,636 6,712 5,800 
Other396 380 367 
Total$101,556 $85,249 $64,355 
 Year Ended
(In millions)December 31
 202220212020
Depreciation
Ag Services and Oilseeds$334 $349 $351 
Carbohydrate Solutions307 322 305 
Nutrition120 101 114 
Other9 8 6 
Corporate24 27 24 
Total$794 $807 $800 
Long-lived asset impairments(1)
Ag Services and Oilseeds$— $10 $8 
Carbohydrate Solutions14 13 — 
Nutrition21 50 13 
Corporate— — 7 
Total$35 $73 $28 
Interest and investment income
Ag Services and Oilseeds$52 $27 $39 
Nutrition2 1 2 
Other185 16 40 
Corporate54 52 30 
Total$293 $96 $111 
Equity in earnings of affiliates
Ag Services and Oilseeds$714 $500 $475 
Carbohydrate Solutions94 70 81 
Nutrition23 24 22 
Corporate1 1 1 
Total$832 $595 $579 
(1) See Note 18 for total asset impairment, exit, and restructuring costs.
 Year Ended
(In millions)December 31
 202220212020
Segment Operating Profit
Ag Services and Oilseeds$4,386 $2,775 $2,105 
Carbohydrate Solutions1,360 1,283 717 
Nutrition736 691 574 
Other167 25 52 
Specified Items:
Gains on sales of assets and businesses(1)
47 77 83 
Impairment, restructuring, and settlement charges(2)
(147)(213)(76)
Total segment operating profit6,549 4,638 3,455 
Corporate(1,316)(1,325)(1,572)
Earnings before income taxes$5,233 $3,313 $1,883 
(1) The gains in 2022 were related to the sale of certain assets. The gains in 2021 were related to the sale of ethanol and certain other assets. The gains in 2020 were related to the sale of a portion of the Company’s shares in Wilmar and certain other assets.

(2) The charges in 2022 were related to the impairment of certain assets, restructuring, and settlement contingencies. The charges in 2021 were related to the impairment of certain long-lived assets, goodwill, and other intangibles, restructuring, and a legal settlement. The charges in 2020 were related to the impairment of certain assets, restructuring, and settlement.
(In millions)December 31
20222021
Investments in and advances to affiliates
Ag Services and Oilseeds$4,863 $4,826 
Carbohydrate Solutions365 358 
Nutrition111 56 
Corporate128 45 
Total$5,467 $5,285 
Identifiable assets
Ag Services and Oilseeds$28,657 $25,976 
Carbohydrate Solutions6,801 6,238 
Nutrition10,615 10,142 
Other10,569 9,235 
Corporate3,132 4,545 
Total$59,774 $56,136 
(In millions)Year Ended December 31
 20222021
Gross additions to property, plant, and equipment 
Ag Services and Oilseeds$568 $451 
Carbohydrate Solutions261 260 
Nutrition314 242 
Other15 7 
Corporate53 45 
Total$1,211 $1,005 
 
Geographic information:  The following geographic data include revenues attributed to the countries based on the location of the subsidiary making the sale and long-lived assets based on physical location.  Long-lived assets represent the net book value of property, plant, and equipment.
 
Year Ended
(In millions)December 31
 202220212020
Revenues 
United States$43,272 $35,396 $25,986 
Switzerland21,821 18,453 13,819 
Cayman Islands5,883 5,515 3,958 
Brazil4,004 3,213 2,357 
Mexico3,709 2,934 2,244 
Canada2,272 1,818 1,280 
United Kingdom2,231 1,848 1,519 
Other Foreign18,364 16,072 13,192 
 $101,556 $85,249 $64,355 
(In millions)December 31
20222021
Long-lived assets
United States$6,322 $6,098 
Brazil801 760 
Other Foreign2,810 2,945 
 $9,933 $9,803