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Segment and Geographic Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic 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 within either Corporate or Other Business.

The reportable segments have been identified based on financial data utilized by the Chief Operating Decision Maker (CODM), which is the Company’s Chief Executive Officer, who is also the Company’s Chair of the Board. The CODM uses segment operating profit as the measurement of segment profit or loss. Separate financial information for the Company’s three reportable segments is evaluated by the CODM on a monthly basis to allocate resources and assess performance. The CODM does not use total assets by segment to make decisions regarding resources; therefore, the total asset disclosure by segment has not been included. Segment operating profit is based on net sales less identifiable operating expenses. Also included in segment operating profit is equity in (loss) earnings of affiliates based on the equity method of accounting. Specified items and certain corporate items are not allocated to the Company’s individual business segments because operating performance of each business segment is evaluated by the CODM exclusive of these items.

The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, as well as the crushing and processing of oilseeds, including soybeans and soft seeds such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed. The segment produces and markets vegetable oils and oilseed protein meals used by food, feed, energy, and industrial customers. Crude and partially refined vegetable oils are sold to third parties, including renewable diesel manufacturers, or further processed into salad oils, margarine, shortening, biodiesel, glycols, and other food and industrial products. Oilseed protein meals are primarily sold as ingredients for commercial livestock and poultry feeds. The segment is also a major supplier of peanuts and peanut‑derived ingredients and manufactures cotton cellulose pulp in North America for chemical, paper, and other industrial markets. In addition, its integrated grain sourcing, handling, and multimodal transportation network supports global import, export, and distribution activities and provides essential services to customers and the Company’s processing operations. The Company also engages in various structured trade finance activities to leverage its global trade flows. This segment also includes the Company’s share of the results of its equity investments in Wilmar, Pacificor, LLC, SoyVen Holding B.V., Olenex Holdings B.V., Edible Oils Limited, Stratas Foods LLC, Terminal de Grãos Ponta da Montanha S.A., Gradable, LLC, and Plainsman Company, LLC.

The Carbohydrate Solutions segment engages in corn and wheat wet and dry milling and related processing activities. The segment converts corn and wheat into products and ingredients used in food and beverage applications, including sweeteners, starches, syrups, glucose, wheat flour, and dextrose. Dextrose and starches are also utilized as feedstocks in downstream processes, including fermentation to produce alcohol and other food and animal feed ingredients. Ethanol is produced for use as an octane enhancer and oxygenate in gasoline. In addition, the segment produces distillers’ grains, corn gluten feed, and corn gluten meal for use as animal feed ingredients. Corn germ, a by‑product of wet milling, is further processed into vegetable oil and protein meal, and citric acids are produced for food and industrial applications. The Carbohydrate Solutions segment also advances carbon capture and sequestration and other emissions‑reduction initiatives, positioning the business to support lower‑carbon operations and the growing use of plant‑based alternatives to fossil‑derived materials. This segment also includes the Company’s share of the results of its equity investments in Hungrana Ltd., Almidones Mexicanos S.A. de CV, Aston Foods and Food Ingredients, Red Star Yeast Company, LLC, and LSCP, LLC.
The Nutrition segment serves various end markets including food, beverages, and nutritional supplements for humans, and complete feed, feed premix and additives, pet food and pet treats for livestock, aquaculture, and pets. The segment engages in the creation, manufacturing, sale, and distribution of a wide array of ingredients and solutions including plant-based proteins, flavors and colors derived from nature, flavor systems, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, postbiotics, enzymes, botanical extracts, and other specialty food and feed ingredients and systems. The Nutrition segment also includes activities related to the procurement, processing, and distribution of edible beans, the processing and distribution of formula feeds and animal health and nutrition products and the manufacture of contract and private label pet treats and foods. This segment also includes the Company’s share of the results of its equity investments in Vimison S.A. de C.V., Dusial S.A., Vitafort ZRT, Novial, ADM Matsutani LLC and Matsutani Singapore Pte. Ltd.

Other Business results include the Company’s financial business units related to futures commission and insurance activities. 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.

Intersegment sales have been recorded using principles consistent with Topic 606.
Segment Information for the Years ended December 31, 2025, 2024 and 2023

The following tables present data by segment (in millions).

Year Ended December 31, 2025
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers$61,571 $10,737 $7,512 $79,820 
Other Business449 
Total revenues$80,269 
Less:
Cost of materials56,128 6,679 4,644 
Manufacturing costs3,545 2,657 1,306 
Selling, general, and administrative expenses847 327 1,126 
Other segment items (1)
(563)(137)19 
Segment operating profit$1,614 $1,211 $417 $3,242 
Reconciliation of segment operating profit
Other Business298 
Corporate (2)
(2,049)
Specified items:
Gains on sales of assets and businesses39 
Asset impairment, restructuring, and net settlement contingencies(435)
Gain on contract termination69 
ADM's share of equity method investment non-recurring (gains) and charges, net (3)
91 
Earnings Before Income Taxes$1,255 

(1) Other segment items for each reportable segment include Equity in the earnings of affiliates, Interest and investment (income), Interest expense, and Other (income) - net.

(2) Includes a $179 million impairment charge related to previously capitalized software and a $254 million impairment related to certain investments, presented as specified items. See Note 18. Asset Impairment, Exit, and Restructuring Costs for further information.

(3) Represents the Company's share of Wilmar's non-recurring gains related to remeasurement of Wilmar's previously held equity interest in AWL to fair value, and the penalty imposed on Wilmar during the year ended December 31, 2025. See Note 8. Investments in and Advances to Affiliates for further information.
Year Ended December 31, 2024
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers
$66,516 $11,234 $7,349 $85,099 
Other Business431 
Total revenues
$85,530 
Less:
Cost of materials60,378 7,170 4,651 
Manufacturing costs3,436 2,592 1,249 
Selling, general, and administrative expenses
919 326 1,166 
Other segment items (1)
(664)(230)(103)
Segment operating profit$2,447 $1,376 $386 $4,209 
Reconciliation of segment operating profit
Other Business
247 
Corporate(1,721)
Specified items:
Gains on sales of assets and businesses10 
Asset impairment, restructuring, and net settlement contingencies (2)
(490)
Earnings Before Income Taxes$2,255 

(1) Other segment items for each reportable segment include Equity in the earnings of affiliates, Interest and investment (income) expense, Interest expense, and Other (income) - net.

(2) Includes a $461 million impairment charge related to the Company's investment in Wilmar, within the Ag Services and Oilseeds segment.
Year Ended December 31, 2023
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers$73,426 $12,874 $7,211 $93,511 
Other Business424 
Total revenues$93,935 
Less:
Cost of materials65,751 8,729 4,608 
Manufacturing costs3,338 2,550 1,136 
Selling, general, and administrative expenses880 323 1,034 
Other segment items(1)
(610)(103)6 
Segment operating profit$4,067 $1,375 $427 $5,869 
Reconciliation of segment operating profit
Other Business375 
Corporate(1,606)
Specified items:
Gains on sales of assets and businesses17 
Asset impairment, restructuring, and net settlement contingencies (2)
(361)
Earnings Before Income Taxes$4,294 

(1) Other segment items for each reportable segment include Equity in the earnings of affiliates, Interest and investment (income) expense, Interest expense, and Other (income) - net.

(2) Includes charges related to the impairment of certain long-lived assets, goodwill, intangibles.
(In millions)Year Ended December 31
 202520242023
Intersegment revenue
Ag Services and Oilseeds$1,759 $1,716 $2,108 
Carbohydrate Solutions805 889 918 
Nutrition57 68 48 
Total intersegment revenue
$2,621 $2,673 $3,074 
Depreciation expense
Ag Services and Oilseeds$413 $376 $350 
Carbohydrate Solutions315 305 304 
Nutrition158 151 132 
Total segment depreciation expense
886 832 786 
Other Business
9 9 10 
Corporate37 34 29 
Total depreciation expense
$932 $875 $825 
Amortization expense
Ag Services and Oilseeds$12 $14 $17 
Carbohydrate Solutions5 6 8 
Nutrition156 158 136 
Total segment amortization expense
173 178 161 
Corporate76 88 73 
Total amortization expense
$249 $266 $234 
Interest and investment income
Ag Services and Oilseeds$54 $84 $54 
Nutrition(115)— (18)
Total segment interest and investment income
(61)84 36 
Other Business
395 463 499 
Corporate(216)15 (36)
Total interest and investment income
$118 $562 $499 
Equity in earnings of unconsolidated affiliates
Ag Services and Oilseeds$521 $474 $459 
Carbohydrate Solutions104 127 76 
Nutrition29 29 21 
Total segment equity in earnings of unconsolidated affiliates
654 630 556 
Corporate(6)(9)(5)
Total equity in earnings of unconsolidated affiliates
$648 $621 $551 
Geographic Information for the Company for Years ended December 31, 2025, 2024 and 2023

The following geographic data include revenues from external customers attributed to the countries based on the location of the subsidiary making the sale (in millions). 
Year Ended
December 31
 202520242023
Revenues 
United States$31,175 $33,550 $38,783 
Switzerland17,793 19,877 19,898 
Cayman Islands6,093 5,603 7,646 
Brazil3,358 3,353 3,361 
Mexico2,741 3,209 3,185 
Canada1,767 2,055 2,400 
United Kingdom2,115 2,186 2,219 
Other Foreign15,227 15,697 16,443 
Total Revenues
$80,269 $85,530 $93,935 

Long-lived assets represent the net book value of property, plant, and equipment and right-of-use (ROU) assets based on physical location (in millions).
December 31
20252024
Property, plant, and equipment, net
United States$7,007 $6,965 
Brazil899 872 
Other Foreign3,273 3,000 
Total property, plant, and equipment, net
$11,179 $10,837 
ROU assets
United States$1,063 $1,063 
Other Foreign259 295 
Total ROU assets
$1,322 $1,358