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Segment Information
 6 Months Ended
Jun. 30, 2023
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, 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.

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, 2022.
Three Months EndedSix Months Ended
June 30,June 30,
(In millions)2023202220232022
Gross revenues    
Ag Services and Oilseeds$20,864 $22,468 $40,778 $41,600 
Carbohydrate Solutions3,829 4,500 8,095 8,680 
Nutrition1,926 2,055 3,870 4,021 
Other Business112 101 215 208 
Intersegment elimination(1,541)(1,840)(3,696)(3,575)
Total gross revenues$25,190 $27,284 $49,262 $50,934 
Intersegment sales    
Ag Services and Oilseeds$1,020 $1,039 $2,355 $1,918 
Carbohydrate Solutions448 749 1,177 1,563 
Nutrition73 52 164 94 
Total intersegment sales$1,541 $1,840 $3,696 $3,575 
Revenues from external customers    
Ag Services and Oilseeds
Ag Services $13,366 $14,333 $25,061 $26,180 
Crushing3,480 3,362 7,163 6,584 
Refined Products and Other2,998 3,734 6,199 6,918 
Total Ag Services and Oilseeds19,844 21,429 38,423 39,682 
Carbohydrate Solutions
Starches and Sweeteners2,475 2,519 5,212 5,017 
Vantage Corn Processors906 1,232 1,706 2,100 
Total Carbohydrate Solutions3,381 3,751 6,918 7,117 
Nutrition
Human Nutrition966 1,020 1,902 1,978 
Animal Nutrition887 983 1,804 1,949 
Total Nutrition1,853 2,003 3,706 3,927 
Other Business112 101 215 208 
Total revenues from external customers$25,190 $27,284 $49,262 $50,934 
Three Months EndedSix Months Ended
June 30,June 30,
(In millions)2023202220232022
Segment operating profit
Ag Services and Oilseeds$1,054 $1,119 $2,264 $2,127 
Carbohydrate Solutions303 473 576 790 
Nutrition185 239 330 428 
Other Business86 18 183 60 
Specified Items:
Gains on sales of assets(1)
11 — 12 1 
Impairment and restructuring charges and contingency provisions(2)
(114)(9)(121)(27)
Total segment operating profit1,525 1,840 3,244 3,379 
Corporate(393)(321)(715)(589)
Earnings before income taxes$1,132 $1,519 $2,529 $2,790 
(1) Consists of gains related to the sale of certain assets in all periods presented.
(2) Current quarter and year-to-date charges were related to the impairment of certain long-lived assets and intangibles, restructuring, and a contingent loss provision related to import duties. Prior-year quarter and year-to-date charges were related to the impairment of certain Ukraine assets. Prior year-to-date charges was partially offset by an insurance settlement.