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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 19,937 $ 21,695 $ 64,032 $ 70,957
Cost of products sold 18,572 19,885 59,612 65,184
Gross Profit 1,365 1,810 4,420 5,773
Selling, general, and administrative expenses 905 815 2,763 2,537
Asset impairment, exit, and restructuring costs 507 79 532 146
Equity in earnings of unconsolidated affiliates (134) (83) (498) (408)
Interest and investment income (137) (152) (400) (428)
Interest expense 174 155 527 482
Other (income) expense – net (58) (35) (92) (116)
Earnings Before Income Taxes 108 1,031 1,588 3,560
Income tax expense 90 207 370 636
Net Earnings Including Non-controlling Interests 18 824 1,218 2,924
Less: Net earnings (losses) attributable to non-controlling interests 0 3 (15) 6
Net Earnings Attributable to Archer-Daniels-Midland Company $ 18 $ 821 $ 1,233 $ 2,918
Average number of shares outstanding - basic (in shares) 482 540 496 545
Average number of shares outstanding - diluted (in shares) 483 540 497 546
Basic earnings per common share (in dollars per share) $ 0.04 $ 1.52 $ 2.49 $ 5.36
Diluted earnings per common share (in dollars per share) 0.04 1.52 2.48 5.35
Dividends per common share (in dollars per share) $ 0.50 $ 0.45 $ 1.50 $ 1.35