Revenues

12 Months Ended

Dec. 31, 2025

Revenues [Abstract]

Revenues

Revenues

The following tables present revenue disaggregated by timing of recognition and reportable segments and subsegments for the years ended December 31, 2025, 2024, and 2023 (in millions).

	Year Ended December 31, 2025
	Topic 606 Revenue						Topic 815 (1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
Ag Services and Oilseeds
Ag Services	3,797		$	775	$	4,572	$	35,791	$	40,363
Crushing	375		—		375		9,978		10,353
Refined Products and Other	3,545		—		3,545		7,310		10,855
Total Ag Services and Oilseeds	7,717		775		8,492		53,079		61,571
Carbohydrate Solutions
Starches and Sweeteners	5,748		—		5,748		2,234		7,982
Vantage Corn Processors	2,755		—		2,755		—		2,755
Total Carbohydrate Solutions	8,503		—		8,503		2,234		10,737
Nutrition
Human Nutrition	4,187		—		4,187		—		4,187
Animal Nutrition	3,325		—		3,325		—		3,325
Total Nutrition	7,512		—		7,512		—		7,512
Total Segment Revenues	23,732		775		24,507		55,313		79,820
Other Business	449		—		449		—		449
Total Revenues	$	24,181	$	775	$	24,956	$	55,313	$	80,269

	Year Ended December 31, 2024
	Topic 606 Revenue						Topic 815 (1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
Ag Services and Oilseeds
Ag Services	3,779		$	923	$	4,702	$	39,381	$	44,083
Crushing	462		—		462		11,374		11,836
Refined Products and Other	2,447		—		2,447		8,150		10,597
Total Ag Services and Oilseeds	6,688		923		7,611		58,905		66,516
Carbohydrate Solutions
Starches and Sweeteners	6,335		—		6,335		2,252		8,587
Vantage Corn Processors	2,647		—		2,647		—		2,647
Total Carbohydrate Solutions	8,982		—		8,982		2,252		11,234
Nutrition
Human Nutrition	3,944		—		3,944		—		3,944
Animal Nutrition	3,405		—		3,405		—		3,405
Total Nutrition	7,349		—		7,349		—		7,349
Total Segment Revenues	23,019		923		23,942		61,157		85,099
Other Business	431		—		431		—		431
Total Revenues	$	23,450	$	923	$	24,373	$	61,157	$	85,530

	Year Ended December 31, 2023
	Topic 606 Revenue						Topic 815 (1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
Ag Services and Oilseeds
Ag Services	$	4,110	$	761	$	4,871	$	42,549	$	47,420
Crushing	470		—		470		13,550		14,020
Refined Products and Other	2,295		—		2,295		9,691		11,986
Total Ag Services and Oilseeds	6,875		761		7,636		65,790		73,426
Carbohydrate Solutions
Starches and Sweeteners	7,431		—		7,431		2,454		9,885
Vantage Corn Processors	2,989		—		2,989		—		2,989
Total Carbohydrate Solutions	10,420		—		10,420		2,454		12,874
Nutrition
Human Nutrition	3,634		—		3,634		—		3,634
Animal Nutrition	3,577		—		3,577		—		3,577
Total Nutrition	7,211		—		7,211		—		7,211
Total Segment Revenues	24,506		761		25,267		68,244		93,511
Other Business	424		—		424		—		424
Total Revenues	$	24,930	$	761	$	25,691	$	68,244	$	93,935

(1) Topic 815 revenue relates to the physical delivery or the settlement of the Company’s sales contracts 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 commodity sales, service fees related to the transportation of goods, sales of products manufactured in its global processing facilities, and structured trade finance activities. Revenue from physically settled derivative sales contracts primarily relates to forward sales of commodities where such contracts meet the definition of a derivative under ASC 815. Revenue from such commodities contracts is recognized at a point in time, upon transferring control of the commodity to the customer, consistent with the recognition principles under Topic 606. Revenue for deferred price contracts that allow for pricing to be determined after title of the goods has passed to the customer is recognized when the price is determined. For transportation service contracts, the Company recognizes revenue over time as the transportation service is performed in accordance with the transfer of control guidance of Topic 606.

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. 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.

Other Business

Other Business includes the Company’s futures commission merchant business whose primary sources of revenue are commissions and brokerage income generated from trade execution and clearing settlement of 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.