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Revenues
 6 Months Ended
Jun. 30, 2025
Revenues [Abstract]  
Revenues Revenues
The following tables present revenue disaggregated by timing of recognition and major product lines for the three and six months ended June 30, 2025 and 2024 (in millions).

Three Months Ended June 30, 2025
Topic 606 RevenueTopic 815Total
Point in TimeOver TimeTotal
Revenue (1)
Revenues
Ag Services and Oilseeds
Ag Services$819 $205 $1,024 $9,872 $10,896 
Crushing86 — 86 2,543 2,629 
Refined Products and Other895 — 895 1,849 2,744 
Total Ag Services and Oilseeds1,800 205 2,005 14,264 16,269 
Carbohydrate Solutions
Starches and Sweeteners1,539 — 1,539 561 2,100 
Vantage Corn Processors692 — 692 — 692 
Total Carbohydrate Solutions2,231 — 2,231 561 2,792 
Nutrition
Human Nutrition1,161 — 1,161 — 1,161 
Animal Nutrition832 — 832 — 832 
Total Nutrition1,993 — 1,993 — 1,993 
Total Segment Revenues6,024 205 6,229 14,825 21,054 
Other Business112 — 112 — 112 
Total Revenues$6,136 $205 $6,341 $14,825 $21,166 
Six Months Ended June 30, 2025
Topic 606 RevenueTopic 815Total
Point in TimeOver TimeTotal
Revenue (1)
Revenues
Ag Services and Oilseeds
Ag Services$1,860 $412 $2,272 $19,160 $21,432 
Crushing185 — 185 5,082 5,267 
Refined Products and Other1,747 — 1,747 3,498 5,245 
Total Ag Services and Oilseeds3,792 412 4,204 27,740 31,944 
Carbohydrate Solutions
Starches and Sweeteners2,923 — 2,923 1,114 4,037 
Vantage Corn Processors1,325 — 1,325 — 1,325 
Total Carbohydrate Solutions4,248 — 4,248 1,114 5,362 
Nutrition
Human Nutrition2,159 — 2,159 — 2,159 
Animal Nutrition1,651 — 1,651 — 1,651 
Total Nutrition3,810 — 3,810 — 3,810 
Total Segment Revenues11,850 412 12,262 28,854 41,116 
Other Business225 — 225 — 225 
Total Revenues$12,075 $412 $12,487 $28,854 $41,341 

Three Months Ended June 30, 2024
Topic 606 RevenueTopic 815Total
Point in TimeOver TimeTotal
Revenue (1)
Revenues
Ag Services and Oilseeds
Ag Services$925 $252 $1,177 $10,569 $11,746 
Crushing104 — 104 2,746 2,850 
Refined Products and Other523 — 523 2,214 2,737 
Total Ag Services and Oilseeds1,552 252 1,804 15,529 17,333 
Carbohydrate Solutions
Starches and Sweeteners1,654 — 1,654 557 2,211 
Vantage Corn Processors683 — 683 — 683 
Total Carbohydrate Solutions2,337 — 2,337 557 2,894 
Nutrition
Human Nutrition1,061 — 1,061 — 1,061 
Animal Nutrition847 — 847 — 847 
Total Nutrition1,908 — 1,908 — 1,908 
Total Segment Revenues5,797 252 6,049 16,086 22,135 
Other Business113 — 113 — 113 
Total Revenues$5,910 $252 $6,162 $16,086 $22,248 
Six Months Ended June 30, 2024
Topic 606 RevenueTopic 815Total
Point in TimeOver TimeTotal
Revenue (1)
Revenues
Ag Services and Oilseeds
Ag Services$1,947 $445 $2,392 $20,551 $22,943 
Crushing220 — 220 5,957 6,177 
Refined Products and Other1,070 — 1,070 4,362 5,432 
Total Ag Services and Oilseeds3,237 445 3,682 30,870 34,552 
Carbohydrate Solutions
Starches and Sweeteners3,247 — 3,247 1,120 4,367 
Vantage Corn Processors1,210 — 1,210 — 1,210 
Total Carbohydrate Solutions4,457 — 4,457 1,120 5,577 
Nutrition
Human Nutrition2,025 — 2,025 — 2,025 
Animal Nutrition1,719 — 1,719 — 1,719 
Total Nutrition3,744 — 3,744 — 3,744 
Total Segment Revenues11,438 445 11,883 31,990 43,873 
Other Business222 — 222 — 222 
Total Revenues$11,660 $445 $12,105 $31,990 $44,095 

(1) Topic 815 revenue relates to the physical delivery or the settlement of the Company’s sales contracts that are accounted for as derivatives and are outside the scope of Topic 606.

Ag Services and Oilseeds

The Ag Services and Oilseeds segment generates revenue from the sale of commodities, from service fees for the transportation of goods, from the sale of products manufactured in its global processing facilities, and from its structured trade finance activities.

The Company engages in various structured trade finance activities to leverage its global trade flows whereby the Company obtains letters of credit (LCs) to guarantee payments on both global purchases and sales of grain. LCs guaranteeing payment on grain sales are sold on a non-recourse basis with no continuing involvement. The Company earns returns from the difference in interest rates between the LCs that guarantee payment on the underlying purchases and sales of grain given the differing risk profiles of the underlying transactions.

Carbohydrate Solutions

The Carbohydrate Solutions segment generates revenue from the sale of products manufactured at the Company’s global corn and wheat milling facilities around the world. Revenue is recognized when control over products is transferred to the customer. Products are shipped to customers from the Company’s various facilities and from its network of storage terminals. The amount of revenue recognized is based on the consideration specified in the contract which could include freight and other costs depending on the specific shipping terms of each contract.
Nutrition

The Nutrition segment sells ingredients and solutions including plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, postbiotics, enzymes, botanical extracts, edible beans, formula feeds, animal health and nutrition products, pet food and treats, and other specialty food and feed ingredients. Revenue is recognized when control over products is transferred to the customer. The amount of revenue recognized follows the contracted price or the mutually agreed price of the product.

Other Business

Other Business includes the Company’s futures commission business whose primary sources of revenue are commissions and brokerage income generated from executing orders and clearing futures contracts and options on futures contracts on behalf of its customers. Commissions and brokerage revenue are recognized on the date the transaction is executed.
Other Business also includes the Company’s captive insurance business, which provides captive insurance services to the Company's reportable segments.