The following tables present: (i) adjustments and revised gross revenues, intersegment revenues, and operating profit amounts for the Ag Services and Oilseeds segment; (ii) adjustments and revised gross revenues, intersegment revenues and operating profit amounts for the Carbohydrate Solutions segment; and (iii) adjustments and revised operating profit amounts for the Nutrition segment, in each case, for each of the years ended December 31, 2023, 2022, and 2021. No adjustments were required to the gross revenues of the Nutrition segment.


	Years Ended December 31
(In millions)	2023(1)		2022		2021
Gross revenues, as originally reported for 2022 and 2021	$	77,457	$	83,686	$	70,455
Adjustments	1		15		24
Gross revenues, as revised	$	77,458	$	83,701	$	70,479

Intersegment revenues, as originally reported for 2022 and 2021	$	4,031	$	4,123	$	3,408
Adjustments	1		15		24
Intersegment revenues, as revised	$	4,032	$	4,138	$	3,432

Segment operating profit, as originally reported for 2022 and 2021	$	4,066	$	4,386	$	2,775
Adjustments	1		15		24
Segment operating profit, as revised	$	4,067	$	4,401	$	2,799

(1) The adjustments set forth in the table above for the year ended December 31, 2023 reflect adjustments effected for the period January 1, 2023 through September 30, 2023. Given the timing of the Investigation, no adjustments were effected in the fourth quarter of 2023.


	Years Ended December 31
(In millions)	2023(1)		2022		2021
Gross revenues, as originally reported for 2022 and 2021	$	14,509	$	16,336	$	12,672
Adjustments	30		53		35
Gross revenues, as revised	$	14,539	$	16,389	$	12,707

Intersegment revenues, as originally reported for 2022 and 2021	$	1,635	$	2,375	$	1,562
Adjustments	30		53		35
Intersegment revenues, as revised	$	1,665	$	2,428	$	1,597

Segment operating profit, as originally reported for 2022 and 2021	$	1,345	$	1,360	$	1,283
Adjustments	30		53		35
Segment operating profit, as revised	$	1,375	$	1,413	$	1,318


	Years Ended December 31
(In millions)	2023(1)		2022		2021
Segment operating profit, as originally reported for 2022 and 2021	$	458	$	736	$	691
Adjustments	(31)		(68)		(59)
Segment operating profit, as revised	$	427	$	668	$	632

Separately, the Company determined that a portion of the originally reported gross revenues and intersegment revenues of each of the Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition segments included certain intrasegment revenues (resulting from sales within the segment), and should have included exclusively intersegment revenues (resulting from sales from one segment to the other).

The correction of these immaterial errors does not have any impact on the Company’s previously reported Consolidated Statements of Earnings, Consolidated Statements of Comprehensive Income (Loss), Consolidated Balance Sheets, Consolidated Statements of Cash Flows, or Consolidated Statements of Shareholders’ Equity for any of the periods presented below.

The following tables present: (i) additional adjustments and further revised gross revenues and intersegment revenues amounts for the Ag Services and Oilseeds segment; (ii) additional adjustments and further revised gross revenues and intersegment revenues amounts for the Carbohydrate Solutions segment; and (iii) adjustments and revised gross revenues and intersegment revenues amounts for the Nutrition segment, for each of the years ended December 31, 2023, 2022, and 2021.


	Years Ended December 31
(In millions)	2023(1)		2022		2021
Gross revenues, as revised	$	77,458	$	83,701	$	70,479
Additional adjustments	(1,446)		(1,579)		(1,115)
Gross revenues, as further revised	$	76,012	$	82,122	$	69,364

Intersegment revenues, as revised	$	4,032	$	4,138	$	3,432
Additional adjustments	(1,446)		(1,579)		(1,115)
Intersegment revenues, as further revised	$	2,586	$	2,559	$	2,317


	Years Ended December 31
(In millions)	2023(1)		2022		2021
Gross revenues, as revised	$	14,539	$	16,389	$	12,707
Additional adjustments	(11)		(487)		(295)
Gross revenues, as further revised	$	14,528	$	15,902	$	12,412

Intersegment revenues, as revised	$	1,665	$	2,428	$	1,597
Additional adjustments	(11)		(487)		(295)
Intersegment revenues, as further revised	$	1,654	$	1,941	$	1,302


	Years Ended December 31
(In millions)	2023(1)		2022		2021
Gross revenues, as originally reported for 2022 and 2021	$	7,466	$	7,836	$	6,933
Adjustments	(141)		(15)		(68)
Gross revenues, as revised	$	7,325	$	7,821	$	6,865

Intersegment revenues, as originally reported for 2022 and 2021	$	255	$	200	$	221
Adjustments	(141)		(15)		(68)
Intersegment revenues, as revised	$	114	$	185	$	153


(In millions)	Year Ended December 31
	2023		2022		2021
Gross revenues

Ag Services and Oilseeds	$	76,012	$	82,122	$	69,364
Carbohydrate Solutions	14,528		15,902		12,412
Nutrition	7,325		7,821		6,865
Other	424		396		380
Intersegment elimination	(4,354)		(4,685)		(3,772)
Total	$	93,935	$	101,556	$	85,249

Intersegment revenues

Ag Services and Oilseeds	$	2,586	$	2,559	$	2,317
Carbohydrate Solutions	1,654		1,941		1,302
Nutrition	114		185		153

Total	$	4,354	$	4,685	$	3,772

Revenues from external customers






Ag Services and Oilseeds
Ag Services	$	47,420	$	53,181	$	45,017
Crushing	14,020		13,139		11,368
Refined Products and Other	11,986		13,243		10,662
Total Ag Services and Oilseeds	73,426		79,563		67,047

Carbohydrate Solutions
Starches and Sweeteners	9,885		10,251		7,611
Vantage Corn Processors	2,989		3,710		3,499
Total Carbohydrate Solutions	12,874		13,961		11,110

Nutrition
Human Nutrition	3,634		3,769		3,189
Animal Nutrition	3,577		3,867		3,523
Total Nutrition	7,211		7,636		6,712


Other	424		396		380

Total	$	93,935	$	101,556	$	85,249


(In millions)	Year Ended December 31
	2023		2022		2021
Depreciation

Ag Services and Oilseeds	$	350	$	334	$	349
Carbohydrate Solutions	304		307		322
Nutrition	132		120		101
Other	10		9		8
Corporate	29		24		27
Total	$	825	$	794	$	807

Long-lived asset impairments(1)

Ag Services and Oilseeds	$	11	$	—	$	10
Carbohydrate Solutions	32		14		13
Nutrition	65		21		50

Total	$	108	$	35	$	73

Interest and investment income

Ag Services and Oilseeds	$	54	$	52	$	27

Nutrition	(18)		2		1
Other	499		185		16
Corporate	(36)		54		52
Total	$	499	$	293	$	96

Equity in earnings of affiliates

Ag Services and Oilseeds	$	459	$	714	$	500
Carbohydrate Solutions	76		94		70
Nutrition	21		23		24

Corporate	(5)		1		1
Total	$	551	$	832	$	595

(1) See Note 18 for total asset impairment, exit, and restructuring costs.


(In millions)	Year Ended December 31
	2023		2022		2021
Segment Operating Profit

Ag Services and Oilseeds	$	4,067	$	4,401	$	2,799
Carbohydrate Solutions	1,375		1,413		1,318
Nutrition	427		668		632
Other	375		167		25
Specified Items:
Gains on sales of assets and businesses(1)	17		47		77
Impairment, restructuring, and net settlement contingencies(2)	(361)		(147)		(213)

Total segment operating profit	5,900		6,549		4,638
Corporate	(1,606)		(1,316)		(1,325)
Earnings before income taxes	$	4,294	$	5,233	$	3,313

(2) The charges in 2023 were related to the impairment of certain long-lived assets, goodwill, intangibles, and an equity investment, restructuring, and a contingency related to import duties, partially offset by settlement/contingency adjustments. 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.


(In millions)	December 31
	2023		2022
Investments in and advances to affiliates

Ag Services and Oilseeds	$	4,888	$	4,863
Carbohydrate Solutions	380		365
Nutrition	145		111

Corporate	87		128
Total	$	5,500	$	5,467

Identifiable assets

Ag Services and Oilseeds	$	25,473	$	28,657
Carbohydrate Solutions	6,334		6,801
Nutrition	10,341		10,615
Other	8,701		10,569
Corporate	3,782		3,132
Total	$	54,631	$	59,774

(In millions)	Year Ended December 31
	2023		2022
Gross additions to property, plant, and equipment

Ag Services and Oilseeds	$	732	$	568
Carbohydrate Solutions	351		261
Nutrition	262		314
Other	1		15
Corporate	37		53
Total	$	1,383	$	1,211