Archer-Daniels-Midland (ADM) 10-Q 24 Oct 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 23, 2023
Class of Stock [Line Items]
Entity Central Index Key	0000007084
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	1-44
Entity Registrant Name	ARCHER-DANIELS-MIDLAND CO
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-0129150
Entity Address, Address Line One	77 West Wacker Drive, Suite 4600
Entity Address, City or Town	Chicago,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60601
City Area Code	312
Local Phone Number	634-8100
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		533,381,255
Debt Securities [Member]
Class of Stock [Line Items]
Title of 12(b) Security	1.000% Notes due 2025
Security Exchange Name	NYSE
No Trading Symbol Flag	true
Common Stock [Member]
Class of Stock [Line Items]
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	ADM
Security Exchange Name	NYSE

Consolidated Statements Of Earn

Consolidated Statements Of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenues	$ 21,695	$ 24,683	$ 70,957	$ 75,617
Cost of Products Sold	19,885	22,872	65,184	69,809
Gross Profit	1,810	1,811	5,773	5,808
Selling, general, and administrative expenses	815	818	2,537	2,461
Asset impairment, exit, and restructuring costs	79	28	146	30
Interest Expense	155	97	482	262
Equity in (earnings) losses of unconsolidated affiliates	(83)	(210)	(408)	(606)
Interest and investment income	(152)	(85)	(428)	(176)
Other (Income) Expense - Net	(35)	(67)	(116)	(183)
Earnings Before Income Taxes	1,031	1,230	3,560	4,020
Income taxes	207	193	636	679
Net earnings including noncontrolling interests	824	1,037	2,924	3,341
Net Income (Loss) Attributable to Noncontrolling Interest	3	6	6	20
Net Earnings Attributable to Controlling Interests	$ 821	$ 1,031	$ 2,918	$ 3,321
Average number of shares outstanding - basic	540	561	545	565
Average number of shares outstanding - diluted	540	563	546	566
Earnings Per Share, Basic	$ 1.52	$ 1.84	$ 5.36	$ 5.88
Earnings Per Share, Diluted	1.52	1.83	5.35	5.87
Dividends per common share	$ 0.45	$ 0.40	$ 1.35	$ 1.20

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net earnings including noncontrolling interests	$ 824	$ 1,037	$ 2,924	$ 3,341
Other Comprehensive Income (Loss), before Tax
Foreign currency translation adjustment, before tax	(245)	(221)	(57)	(79)
Pension and other postretirement benefit liabilities adjustment, before tax	0	8	(32)	45
Unrealized gain (loss) on investments, before tax	5	0	13	(13)
Other Comprehensive Income (Loss), Tax
Foreign currency translation adjustment, tax effect	(36)	(74)	(8)	(189)
Pension and other postretirement benefit liabilities adjustment, tax effect	(3)	(2)	(12)	(13)
Unrealized gain (loss) on investments, tax effect	0	1	(2)	2
Other Comprehensive Income (Loss), Net of Tax
Foreign currency translation adjustment, net of tax	(281)	(295)	(65)	(268)
Pension and other postretirement benefit liabilities adjustment, net of tax	(3)	6	(44)	32
Other Comprehensive Income (Loss), Cash Flow Hedge And Net Investment Hedge, Gain (Loss), Before Reclassification, Before Tax	128	43	(13)	245
Other Comprehensive Income (Loss), Cash Flow Hedge And Net Investment Hedge, Gain (Loss), After Reclassification Adjustment, Tax	(28)	(5)	4	(50)
Other Comprehensive Income (Loss), Cash Flow Hedge And Net Investment Hedge, Gain (Loss), After Reclassification Adjustment, After Tax	100	38	(9)	195
Unrealized gain (loss) on investments, net of tax	5	1	11	(11)
Other comprehensive income (loss)	(179)	(250)	(107)	(52)
Comprehensive income (loss) including noncontrolling interests	645	787	2,817	3,289
Less: Comprehensive income (loss) attributable to noncontrolling interests	2	3	1	8
Comprehensive income (loss) attributable to controlling interests	$ 643	$ 784	$ 2,816	$ 3,281

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 1,498	$ 1,037
Segregated cash and investments	7,739	9,010
Trade receivables	4,443	4,926
Inventories	11,224	14,771
Other current assets	5,618	5,666
Total Current Assets	30,522	35,410
Investments and Other Assets
Investments in and advances to affiliates	5,469	5,467
Goodwill and other intangible assets	6,392	6,544
Operating Lease, Right-of-Use Asset	1,141	1,088
Other assets	1,351	1,332
Total Investments and Other Assets	14,353	14,431
Property, Plant, and Equipment
Land and Land Improvements	554	502
Buildings	5,680	5,639
Machinery and equipment	19,564	19,194
Construction in progress	1,721	1,440
Gross Property, Plant, and Equipment	27,519	26,775
Accumulated depreciation	(17,301)	(16,842)
Net Property, Plant, and Equipment	10,218	9,933
Total Assets	55,093	59,774
Current Liabilities
Short-term debt	116	503
Trade payables	5,252	7,803
Payables to Brokerage Customers	8,300	9,856
Accrued expenses and other payables	4,141	4,795
Operating Lease, Liability, Current	295	292
Current maturities of long-term debt	1	942
Total Current Liabilities	18,105	24,191
Long-Term Liabilities
Long-term debt	8,224	7,735
Deferred income taxes	1,390	1,402
Operating Lease, Liability, Noncurrent	864	816
Other	929	1,014
Total Long-Term Liabilities	11,407	10,967
Redeemable Noncontrolling Interest, Equity, Carrying Amount	316	299
Shareholders' Equity
Common stock	3,140	3,147
Reinvested earnings	24,699	23,646
Accumulated other comprehensive income (loss)	(2,611)	(2,509)
Noncontrolling interests	37	33
Total Shareholders' Equity	25,265	24,317
Total Liabilities and Shareholders' Equity	$ 55,093	$ 59,774

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating Activities
Net earnings including noncontrolling interests	$ 2,924	$ 3,341
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities
Depreciation and amortization	782	774
Asset impairment charges	120	20
Deferred income taxes	17	(39)
Equity in earnings of affiliates, net of dividends	(64)	(279)
Stock compensation expense	98	123
Deferred cash flow hedges	(13)	245
(Gain) Loss on Disposition of Assets	(33)	(77)
Other - net	(27)	549
Increase (Decrease) of Restricted Investments	(1,183)	(1,452)
Changes in operating assets and liabilities, net of businesses acquired
Trade receivables	443	(1,613)
Inventories	3,501	590
Other current assets	126	(929)
Trade payables	(2,561)	305
Increase (Decrease) in Payables to Brokerage Customers	(1,580)	1,706
Accrued expenses and other payables	(659)	84
Total Operating Activities	1,891	3,348
Investing Activities
Purchases of property, plant, and equipment	(1,055)	(841)
Proceeds from sale of business and assets	21	51
Net assets of businesses acquired	(11)	0
Payments to Acquire Interest in Subsidiaries and Affiliates	(8)	(60)
Payments to Acquire Other Investments	(5)	(134)
Other - net	(3)	36
Total Investing Activities	(1,061)	(948)
Financing Activities
Long-term debt borrowings	500	752
Long-term debt payments	(963)	(482)
Net borrowings (payments) under lines of credit agreements	(379)	(751)
Purchases of treasury stock	(1,118)	(1,200)
Cash dividends	(738)	(677)
Other - net	(102)	(6)
Total Financing Activities	(2,800)	(2,364)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations	(22)	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(1,992)	36
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning	7,033	7,454
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending	5,041	7,490
Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents [Abstract]
Cash and cash equivalents	1,498	1,099
Restricted Cash and Cash Equivalents	$ 3,543	$ 6,391

Consolidated Statements Of Shar

Consolidated Statements Of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interests [Member]
Balance (shares) at Dec. 31, 2021		560
Balance at Dec. 31, 2021	$ 22,508	$ 2,994	$ 21,655	$ (2,172)	$ 31
Comprehensive income
Net earnings including noncontrolling interests	3,341		3,321		20
Other comprehensive income (loss)	(52)			(40)	(12)
Total comprehensive income	$ 3,289
Common Stock, Dividends, Per Share, Cash Paid	$ 1.20
Cash dividends paid	$ (677)		(677)
Stock Repurchased During Period, Value	(1,200)		(1,200)
Stock Repurchased During Period, Shares		(14)
Stock compensation expense, shares		3
Stock compensation expense	123	$ 123
Stock option exercises net of taxes, value	(9)	$ (9)
Stock option exercises net of taxes, shares		0
Other, shares		0
Other	(5)	$ 2	0	0	(7)
Balance (shares) at Sep. 30, 2022		549
Balance at Sep. 30, 2022	24,029	$ 3,110	23,099	(2,212)	32
Balance (shares) at Jun. 30, 2022		561
Balance at Jun. 30, 2022	24,426	$ 3,066	23,292	(1,965)	33
Comprehensive income
Net earnings including noncontrolling interests	1,037		1,031		6
Other comprehensive income (loss)	(250)			(247)	(3)
Total comprehensive income	$ 787
Common Stock, Dividends, Per Share, Cash Paid	$ 0.40
Cash dividends paid	$ (224)		(224)
Stock Repurchased During Period, Value	(1,000)		(1,000)
Stock Repurchased During Period, Shares		(12)
Stock compensation expense, shares		0
Stock compensation expense	26	$ 26
Stock option exercises net of taxes, value	17	$ 17
Stock option exercises net of taxes, shares		0
Other, shares		0
Other	(3)	$ 1	0	0	(4)
Balance (shares) at Sep. 30, 2022		549
Balance at Sep. 30, 2022	24,029	$ 3,110	23,099	(2,212)	32
Balance (shares) at Dec. 31, 2022		547
Balance at Dec. 31, 2022	24,317	$ 3,147	23,646	(2,509)	33
Comprehensive income
Net earnings including noncontrolling interests	2,924		2,918		6
Other comprehensive income (loss)	(107)			(102)	(5)
Total comprehensive income	$ 2,817
Common Stock, Dividends, Per Share, Cash Paid	$ 1.35
Cash dividends paid	$ (738)		(738)
Stock Repurchased During Period, Value	(1,127)		(1,127)
Stock Repurchased During Period, Shares		(14)
Stock compensation expense, shares		3
Stock compensation expense	98	$ 98
Stock option exercises net of taxes, value	(110)	$ (110)
Stock option exercises net of taxes, shares		(1)
Other, shares		0
Other	8	$ 5	0	0	3
Balance (shares) at Sep. 30, 2023		535
Balance at Sep. 30, 2023	25,265	$ 3,140	24,699	(2,611)	37
Balance (shares) at Jun. 30, 2023		536
Balance at Jun. 30, 2023	24,975	$ 3,128	24,244	(2,433)	36
Comprehensive income
Net earnings including noncontrolling interests	824		821		3
Other comprehensive income (loss)	(179)			(178)	(1)
Total comprehensive income	$ 645
Common Stock, Dividends, Per Share, Cash Paid	$ 0.45
Cash dividends paid	$ (244)		(244)
Stock Repurchased During Period, Value	(122)		(122)
Stock Repurchased During Period, Shares		(1)
Stock compensation expense, shares		0
Stock compensation expense	12	$ 12
Stock option exercises net of taxes, value	(3)	$ (3)
Stock option exercises net of taxes, shares		0
Other, shares		0
Other	2	$ 3	0	0	(1)
Balance (shares) at Sep. 30, 2023		535
Balance at Sep. 30, 2023	$ 25,265	$ 3,140	$ 24,699	$ (2,611)	$ 37

Consolidated Statements Of Sh_2

Consolidated Statements Of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends paid, per share	$ 0.45	$ 0.40	$ 1.35	$ 1.20

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, these statements do not include all of the information and footnotes required by GAAP for audited financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. For further information, refer to the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2022 for Archer-Daniels-Midland Company (the Company or ADM). Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated. The Company consolidates all entities, including variable interest entities (VIEs), in which it has a controlling financial interest. For VIEs, the Company assesses whether it is the primary beneficiary as defined under the applicable accounting standard. Investments in affiliates, including VIEs through which the Company exercises significant influence but does not control the investee and is not the primary beneficiary of the investee’s activities, are carried at cost plus equity in undistributed earnings since acquisition and are adjusted, where appropriate, for basis differences between the investment balance and the underlying net assets of the investee. The Company’s portion of the results of certain affiliates and results of certain VIEs are included using the most recent available financial statements. In each case, the financial statements are within 93 days of the Company’s year end and are consistent from period to period. Segregated Cash and Investments The Company segregates certain cash, cash equivalents, and investment balances in accordance with regulatory requirements, commodity exchange requirements, and insurance arrangements. These balances represent deposits received from customers of the Company’s registered futures commission merchant and commodity brokerage services, cash margins and securities pledged to commodity exchange clearinghouses, and cash pledged as security under certain insurance arrangements. Segregated cash and investments also include restricted cash collateral for the various insurance programs of the Company’s captive insurance business. To the degree these segregated balances are comprised of cash and cash equivalents, they are considered restricted cash and cash equivalents on the consolidated statements of cash flows. Receivables The Company records receivables at net realizable value in trade receivables, other current assets, and other assets. These amounts included allowances for estimated uncollectible accounts to reflect any loss anticipated on the accounts receivable balances including any accrued interest thereon. The Company estimates uncollectible accounts by pooling receivables according to type, region, credit risk rating, and age. Each pool is assigned an expected loss co-efficient to arrive at a general reserve based on historical write-offs adjusted, as needed, for regional, economic, and other forward-looking factors. The Company minimizes credit risk due to the large and diversified nature of its worldwide customer base. ADM manages its exposure to counter-party credit risk through credit analysis and approvals, credit limits, and monitoring procedures. Long-term receivables recorded in other assets were not material to the Company’s overall receivables portfolio. Changes to the allowance for estimated uncollectible accounts are as follows: Three Months Ended September 30 2023 2022 (In millions) Beginning, July 1 $ 174 $ 164 Current year provisions (reversals) (11) 29 Write-offs against allowance (3) (1) Foreign exchange translation adjustment (2) (2) Other — (11) Ending, September 30 $ 158 $ 179 Nine Months Ended September 30 2023 2022 (In millions) Beginning, January 1 $ 199 $ 122 Current year provisions 2 73 Recoveries 1 1 Write-offs against allowance (43) (6) Foreign exchange translation adjustment (1) (4) Other — (7) Ending, September 30 $ 158 $ 179 Net reversals during the three months ended September 30, 2023 included reversals of prior year general provisions for economic factors related to the pandemic and a specific provision for a certain customer, partially offset by provisions for the current quarter. Write-offs against allowance in the nine months ended September 30, 2023 were related to a customer in Brazil and allowance on receivables that were subsequently sold. Inventories Certain merchandisable agricultural commodity inventories, which include inventories acquired under deferred pricing contracts, are stated at market value. In addition, the Company values certain inventories using the first-in, first-out (FIFO) method at the lower of cost or net realizable value. The following table sets forth the Company’s inventories. September 30, 2023 December 31, 2022 (In millions) Raw materials and supplies $ 4,273 $ 6,975 Finished goods 6,951 7,796 Total inventories $ 11,224 $ 14,771 Included in raw materials and supplies are work in process inventories which were not material as of September 30, 2023 and December 31, 2022. Cost Method Investments Cost method investments of $493 million and $488 million as of September 30, 2023 and December 31, 2022, respectively, were included in Other Assets in the Company’s consolidated balance sheets. Revaluation gains of $37 million in the nine months ended September 30, 2022 in connection with observable third-party transactions, were recorded in interest and investment income in the Company's consolidated statements of earnings. There were no revaluation gains in the three and nine months ended September 30, 2023 and in the three months ended September 30, 2022. Operations in Ukraine and Russia ADM employs approximately 640 people in Ukraine and operates an oilseeds crushing plant, a grain port terminal, inland and river silos, and a trading office. The Company’s footprint in Russia is limited to operations related to the production and transport of essential food commodities and ingredients. As a result of the ongoing conflict in Ukraine, the Company reviewed the valuation of its assets and concluded that as of September 30, 2023, receivables, net of allowances, are deemed collectible and market inventories are valued appropriately. The Company also evaluated the impact of Russia’s announcement of its purported annexation of four Ukrainian regions on the valuation of ADM’s assets in those regions and concluded that the assets are appropriately valued. As the conflict in Ukraine evolves, the Company will continue to review the valuation of these assets and make any required adjustments, which are not expected to be material to the Company’s consolidated financial statements.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Sep. 30, 2023
Accounting Changes and Error Corrections [Abstract]
Accounting Standards Update and Change in Accounting Principle [Text Block]	New Accounting Standards Effective January 1, 2023, the Company adopted the amended guidance of Accounting Standards Codification (ASC) Topic 805, Business Combinations , which improves comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. The amended guidance requires an entity (acquirer) to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC Topic 606, Revenue from Contracts with Customers , (Topic 606). The Company’s adoption of this amended guidance did not have an impact on its consolidated financial statements. Effective January 1, 2023, the Company adopted the amended guidance of ASC Subtopic 405-50, Liabilities - Supplier Finance Programs, which enhances the transparency of supplier finance programs. The amended guidance requires an entity (buyer) in a supplier finance program to disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. ADM has Supplier Payable Programs (“SPP”) with financial institutions which act as its paying agents for payables due to certain of its suppliers. The Company has neither an economic interest in a supplier’s participation in the SPP nor a direct financial relationship with the financial institutions, and has concluded that its obligations to the suppliers, including amounts due and scheduled payment terms, are not impacted by their participation in the SPP. Accordingly, amounts associated with the SPP continue to be classified in current liabilities in the Company’s consolidated balance sheet and in operating activities in its consolidated statement of cash flows. The supplier invoices that have been confirmed as valid under the program require payment in full generally within 90 days of the invoice date. As of September 30, 2023 and December 31, 2022, the Company’s outstanding payment obligations that suppliers had elected to sell to the financial institutions were $313 million and $196 million, respectively. Through December 31, 2024, the Company has the option to adopt the amended guidance of ASC Topic 848, Reference Rate Reform , which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amended guidance do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2024, except for hedging relationships existing as of December 31, 2024, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The Company plans to adopt the expedients and exceptions provided by the amended guidance before the December 31, 2024 expiry date and does not expect the adoption of the amended guidance to have an impact on its consolidated financial statements.

Revenues Revenues

Revenues Revenues	9 Months Ended
	Sep. 30, 2023
Revenues [Abstract]
Revenues [Text Block]	Revenues Revenue Recognition The Company principally generates revenue from merchandising and transporting agricultural commodities, and manufacturing products for use in food, beverages, feed, energy, and industrial applications, and ingredients and solutions for human and animal nutrition. Revenue is measured based on the consideration specified in the contract with a customer. The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance obligation by transferring control over a product or service to a customer. The majority of the Company’s contracts with customers have one performance obligation and a contract duration of one year or less. The Company applies the practical expedient in paragraph 10-50-14 of Topic 606 and does not disclose information about remaining performance obligations that have original expected durations of one year or less. For transportation service contracts, the Company recognizes revenue over time as the mode of transportation moves towards its destination in accordance with the transfer of control guidance of Topic 606. The Company recognized revenue from transportation service contracts of $174 million and $552 million for the three and nine months ended September 30, 2023, respectively, and $227 million and $611 million for the three and nine months ended September 30, 2022, respectively. For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by ASC 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets (Topic 610-20). Shipping and Handling Costs Shipping and handling costs related to contracts with customers for the sale of goods are accounted for as a fulfillment activity and are included in cost of products sold. Accordingly, amounts billed to customers for such costs are included as a component of revenues. Taxes Collected from Customers and Remitted to Governmental Authorities The Company does not include taxes assessed by governmental authorities that are (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers, in the measurement of transaction prices or as a component of revenues and cost of products sold. Contract Liabilities Contract liabilities relate to advance payments from customers for goods and services that the Company has yet to provide. Contract liabilities of $411 million and $694 million as of September 30, 2023 and December 31, 2022, respectively, were recorded in accrued expenses and other payables in the consolidated balance sheets. Revenues recognized from the December 31, 2022 contract liabilities were $21 million and $694 million for the three and nine months ended September 30, 2023, respectively. Disaggregation of Revenues The following tables present revenue disaggregated by timing of recognition and major product lines for the three and nine months ended September 30, 2023 and 2022. Three Months Ended September 30, 2023 Topic 606 Revenue Topic 815 (1) Total (In millions) Point in Time Over Time Total Revenue Revenues Ag Services and Oilseeds Ag Services $ 980 $ 174 $ 1,154 $ 9,044 $ 10,198 Crushing 118 — 118 3,234 3,352 Refined Products and Other 527 — 527 2,402 2,929 Total Ag Services and Oilseeds 1,625 174 1,799 14,680 16,479 Carbohydrate Solutions Starches and Sweeteners 1,831 — 1,831 617 2,448 Vantage Corn Processors 877 — 877 — 877 Total Carbohydrate Solutions 2,708 — 2,708 617 3,325 Nutrition Human Nutrition 900 — 900 — 900 Animal Nutrition 884 — 884 — 884 Total Nutrition 1,784 — 1,784 — 1,784 Other Business 107 — 107 — 107 Total Revenues $ 6,224 $ 174 $ 6,398 $ 15,297 $ 21,695 Nine Months Ended September 30, 2023 Topic 606 Revenue Topic 815 (1) Total Point in Time Over Time Total Revenue Revenues (In millions) Ag Services and Oilseeds Ag Services $ 3,068 $ 552 $ 3,620 $ 31,639 $ 35,259 Crushing 341 — 341 10,174 10,515 Refined Products and Other 1,730 — 1,730 7,398 9,128 Total Ag Services and Oilseeds 5,139 552 5,691 49,211 54,902 Carbohydrate Solutions Starches and Sweeteners 5,787 — 5,787 1,873 7,660 Vantage Corn Processors 2,583 — 2,583 — 2,583 Total Carbohydrate Solutions 8,370 — 8,370 1,873 10,243 Nutrition Human Nutrition 2,802 — 2,802 — 2,802 Animal Nutrition 2,688 — 2,688 — 2,688 Total Nutrition 5,490 — 5,490 — 5,490 Other Business 322 — 322 — 322 Total Revenues $ 19,321 $ 552 $ 19,873 $ 51,084 $ 70,957 Three Months Ended September 30, 2022 Topic 606 Revenue Topic 815 (1) Total (In millions) Point in Time Over Time Total Revenue Revenues Ag Services and Oilseeds Ag Services $ 1,095 $ 227 $ 1,322 $ 11,215 $ 12,537 Crushing 202 — 202 3,018 3,220 Refined Products and Other 715 — 715 2,669 3,384 Total Ag Services and Oilseeds 2,012 227 2,239 16,902 19,141 Carbohydrate Solutions Starches and Sweeteners 1,994 — 1,994 686 2,680 Vantage Corn Processors 901 — 901 — 901 Total Carbohydrate Solutions 2,895 — 2,895 686 3,581 Nutrition Human Nutrition 906 — 906 — 906 Animal Nutrition 958 — 958 — 958 Total Nutrition 1,864 — 1,864 — 1,864 Other Business 97 — 97 — 97 Total Revenues $ 6,868 $ 227 $ 7,095 $ 17,588 $ 24,683 Nine Months Ended September 30, 2022 Topic 606 Revenue Topic 815 (1) Total Point in Time Over Time Total Revenue Revenues (In millions) Ag Services and Oilseeds Ag Services $ 3,078 $ 611 $ 3,689 $ 35,028 $ 38,717 Crushing 455 — 455 9,349 9,804 Refined Products and Other 2,091 — 2,091 8,211 10,302 Total Ag Services and Oilseeds 5,624 611 6,235 52,588 58,823 Carbohydrate Solutions Starches and Sweeteners 5,813 — 5,813 1,884 7,697 Vantage Corn Processors 3,001 — 3,001 — 3,001 Total Carbohydrate Solutions 8,814 — 8,814 1,884 10,698 Nutrition Human Nutrition 2,884 — 2,884 — 2,884 Animal Nutrition 2,907 — 2,907 — 2,907 Total Nutrition 5,791 — 5,791 — 5,791 Other Business 305 — 305 — 305 Total Revenues $ 20,534 $ 611 $ 21,145 $ 54,472 $ 75,617 (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. Revenue is measured based on the consideration specified in the contract. Revenue is recognized when a performance obligation is satisfied by transferring control over a product or providing service to a customer. For transportation service contracts, the Company recognizes revenue over time as the mode of transportation moves towards its destination in accordance with the transfer of control guidance of Topic 606. The amount of revenue recognized follows the contractually specified price, which may include freight or other contractually specified cost components. For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by Topic 610-20. 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. The net return related to structured trade finance activities is included in revenue and is not significant for the three and nine months ended September 30, 2023 and 2022. 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. For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by Topic 610-20. 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, 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. Freight and shipping are recognized as a component of revenue at the same time control transfers to the customer. 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 generates third party revenue through its proportionate share of premiums from third-party reinsurance pools. Reinsurance premiums are recognized on a straight-line basis over the period underlying the policy.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following tables set forth, by level, the Company’s assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2023 and December 31, 2022. Fair Value Measurements at September 30, 2023 Quoted Prices in Significant Significant Total (In millions) Assets: Inventories carried at market $ — $ 3,172 $ 2,872 $ 6,044 Unrealized derivative gains: Commodity contracts — 873 890 1,763 Foreign currency contracts — 287 — 287 Cash equivalents 366 — — 366 Segregated investments 1,969 — — 1,969 Total Assets $ 2,335 $ 4,332 $ 3,762 $ 10,429 Liabilities: Unrealized derivative losses: Commodity contracts $ — $ 703 $ 549 $ 1,252 Foreign currency contracts — 119 — 119 Inventory-related payables — 1,070 87 1,157 Total Liabilities $ — $ 1,892 $ 636 $ 2,528 Fair Value Measurements at December 31, 2022 Significant Significant Total (In millions) Assets: Inventories carried at market $ — $ 6,281 $ 2,760 $ 9,041 Unrealized derivative gains: Commodity contracts — 796 541 1,337 Foreign currency contracts — 258 — 258 Interest rate contracts — 109 — 109 Cash equivalents 405 — — 405 Segregated investments 1,453 — — 1,453 Total Assets $ 1,858 $ 7,444 $ 3,301 $ 12,603 Liabilities: Unrealized derivative losses: Commodity contracts $ — $ 665 $ 603 $ 1,268 Foreign currency contracts — 275 — 275 Debt conversion option — — 6 6 Inventory-related payables — 1,181 89 1,270 Total Liabilities $ — $ 2,121 $ 698 $ 2,819 Estimated fair values for inventories and inventory-related payables carried at market are based on exchange-quoted prices, adjusted for differences in local markets and quality, referred to as basis. Market valuations for the Company’s inventories are adjusted for location and quality (basis) because the exchange-quoted prices represent contracts that have standardized terms for commodity, quantity, future delivery period, delivery location, and commodity quality or grade. The basis adjustments are generally determined using the inputs from competitor and broker quotations or market transactions and are considered observable. Basis adjustments are impacted by specific local supply and demand characteristics at each facility and the overall market. Factors such as substitute products, weather, fuel costs, contract terms, and futures prices also impact the movement of these basis adjustments. In some cases, the basis adjustments are unobservable because they are supported by little to no market activity. When unobservable inputs have a significant impact (more than 10%) on the measurement of fair value, the inventory is classified in Level 3. Changes in the fair value of inventories and inventory-related payables are recognized in the consolidated statements of earnings as a component of cost of products sold. Derivative contracts include exchange-traded commodity futures and options contracts, forward commodity purchase and sale contracts, and over-the-counter (OTC) instruments related primarily to agricultural commodities, energy, interest rates, and foreign currencies. Exchange-traded futures and options contracts are valued based on unadjusted quoted prices in active markets and are classified in Level 1. Substantially all of the Company’s exchange-traded futures and options contracts are cash-settled on a daily basis and, therefore, are not included in these tables. Fair value for forward commodity purchase and sale contracts is estimated based on exchange-quoted prices adjusted for differences in local markets. Market valuations for the Company’s forward commodity purchase and sale contracts are adjusted for location (basis) because the exchange-quoted prices represent contracts that have standardized terms for commodity, quantity, future delivery period, delivery location, and commodity quality or grade. The basis adjustments are generally determined using inputs from competitor and broker quotations or market transactions and are considered observable. Basis adjustments are impacted by specific local supply and demand characteristics at each facility and the overall market. Factors such as substitute products, weather, fuel costs, contract terms, and futures prices also impact the movement of these basis adjustments. In some cases, the basis adjustments are unobservable because they are supported by little to no market activity. When observable inputs are available for substantially the full term of the contract, it is classified in Level 2. When unobservable inputs have a significant impact (more than 10%) on the measurement of fair value, the contract is classified in Level 3. Except for certain derivatives designated as cash flow hedges, changes in the fair value of commodity-related derivatives are recognized in the consolidated statements of earnings as a component of cost of products sold. Changes in the fair value of foreign currency-related derivatives are recognized in the consolidated statements of earnings as a component of revenues, cost of products sold, and other (income) expense - net, depending upon the purpose of the contract. The changes in the fair value of derivatives designated as effective cash flow hedges are recognized in the consolidated balance sheets as a component of accumulated other comprehensive income (AOCI) until the hedged items are recorded in earnings or it is probable the hedged transaction will no longer occur. The Company’s cash equivalents are comprised of money market funds valued using quoted market prices and are classified as Level 1. The Company’s segregated investments are comprised of U.S. Treasury securities. U.S. Treasury securities are valued using quoted market prices and are classified in Level 1. The debt conversion option was the equity linked embedded derivative related to the exchangeable bonds. The fair value of the embedded derivative was included in long-term debt, with changes in fair value recognized as interest, and was valued with the assistance of a third-party pricing service (a level 3 measurement). The following table presents a rollforward of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended September 30, 2023. Level 3 Fair Value Asset Measurements at September 30, 2023 Inventories Commodity Total Assets (In millions) Balance, June 30, 2023 $ 2,859 $ 886 $ 3,745 Total increase (decrease) in net realized/unrealized gains included in cost of products sold* 135 330 465 Purchases 6,615 — 6,615 Sales (6,539) — (6,539) Settlements — (356) (356) Transfers into Level 3 336 49 385 Transfers out of Level 3 (534) (19) (553) Ending balance, September 30, 2023 $ 2,872 $ 890 $ 3,762 * Includes increase in unrealized gains of $438 million relating to Level 3 assets still held at September 30, 2023. The following table presents a rollforward of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended September 30, 2023. Level 3 Fair Value Liability Measurements at September 30, 2023 Inventory- Commodity Total Liabilities (In millions) Balance, June 30, 2023 $ 65 $ 791 $ 856 Total increase (decrease) in net realized/unrealized losses included in cost of products sold* (3) 290 287 Purchases 29 — 29 Settlements — (529) (529) Transfers into Level 3 — 10 10 Transfers out of Level 3 (4) (13) (17) Ending balance, September 30, 2023 $ 87 $ 549 $ 636 * Includes increase in unrealized losses of $297 million relating to Level 3 liabilities still held at September 30, 2023. The following table presents a rollforward of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended September 30, 2022. Level 3 Fair Value Asset Measurements at September 30, 2022 Inventories Commodity Total Assets (In millions) Balance, June 30, 2022 $ 3,245 $ 880 $ 4,125 Total increase (decrease) in net realized/unrealized gains included in cost of products sold* 315 345 660 Purchases 13,294 — 13,294 Sales (13,931) — (13,931) Settlements — (456) (456) Transfers into Level 3 384 49 433 Transfers out of Level 3 (221) (116) (337) Ending balance, September 30, 2022 $ 3,086 $ 702 $ 3,788 * Includes increase in unrealized gains of $481 million relating to Level 3 assets still held at September 30, 2022. The following table presents a rollforward of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended September 30, 2022. Level 3 Fair Value Liability Measurements at September 30, 2022 Inventory- Commodity Debt Conversion Option Total Liabilities (In millions) Balance, June 30, 2022 $ 55 $ 960 $ 11 $ 1,026 Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense* 3 391 (8) 386 Purchases 167 — — 167 Sales (5) — — (5) Settlements — (634) — (634) Transfers into Level 3 — 57 — 57 Transfers out of Level 3 — (65) — (65) Ending balance, September 30, 2022 $ 220 $ 709 $ 3 $ 932 * Includes increase in unrealized losses of $394 million relating to Level 3 liabilities still held at September 30, 2022. The following table presents a rollforward of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2023. Level 3 Fair Value Asset Measurements at September 30, 2023 Inventories Commodity Total Assets (In millions) Balance, December 31, 2022 $ 2,760 $ 541 $ 3,301 Total increase (decrease) in net realized/unrealized gains included in cost of products sold* 499 1,282 1,781 Purchases 25,190 — 25,190 Sales (25,439) — (25,439) Settlements (4) (1,195) (1,199) Transfers into Level 3 1,488 339 1,827 Transfers out of Level 3 (1,622) (77) (1,699) Ending balance, September 30, 2023 $ 2,872 $ 890 $ 3,762 * Includes increase in unrealized gains of $1.8 billion relating to Level 3 assets still held at September 30, 2023. The following table presents a rollforward of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2023. Level 3 Fair Value Liability Measurements at September 30, 2023 Inventory- Commodity Debt Conversion Option Total Liabilities (In millions) Balance, December 31, 2022 $ 89 $ 603 $ 6 $ 698 Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense* (1) 1,068 (6) 1,061 Purchases 36 — — 36 Settlements (34) (1,236) — (1,270) Transfers into Level 3 1 135 — 136 Transfers out of Level 3 (4) (21) — (25) Ending balance, September 30, 2023 $ 87 $ 549 $ — $ 636 * Includes increase in unrealized losses of $1.1 billion relating to Level 3 liabilities still held at September 30, 2023. The following table presents a rollforward of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2022. Level 3 Fair Value Asset Measurements at September 30, 2022 Inventories Commodity Total Assets (In millions) Balance, December 31, 2021 $ 3,004 $ 460 $ 3,464 Total increase (decrease) in net realized/unrealized gains included in cost of products sold* 746 1,297 2,043 Purchases 34,524 — 34,524 Sales (35,239) — (35,239) Settlements — (1,227) (1,227) Transfers into Level 3 933 365 1,298 Transfers out of Level 3 (882) (193) (1,075) Ending balance, September 30, 2022 $ 3,086 $ 702 $ 3,788 * Includes increase in unrealized gains of $2.2 billion relating to Level 3 assets still held at September 30, 2022. The following table presents a rollforward of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2022. Level 3 Fair Value Liability Measurements at September 30, 2022 Inventory- Commodity Debt Conversion Option Total Liabilities (In millions) Balance, December 31, 2021 $ 106 $ 815 $ 15 $ 936 Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense* (1) 2,060 (12) 2,047 Purchases 176 — — 176 Sales (61) — — (61) Settlements — (2,363) — (2,363) Transfers into Level 3 — 379 — 379 Transfers out of Level 3 — (182) — (182) Ending balance, September 30, 2022 $ 220 $ 709 $ 3 $ 932 * Includes increase in unrealized losses of $2.1 billion relating to Level 3 liabilities still held at September 30, 2022. Transfers into Level 3 of assets and liabilities previously classified in Level 2 were due to the relative value of unobservable inputs to the total fair value measurement of certain products and derivative contracts rising above the 10% threshold. Transfers out of Level 3 were primarily due to the relative value of unobservable inputs to the total fair value measurement of certain products and derivative contracts falling below the 10% threshold and thus permitting reclassification to Level 2. In some cases, the price components that result in differences between exchange-traded prices and local prices for inventories and commodity purchase and sale contracts are observable based upon available quotations for these pricing components, and in some cases, the differences are unobservable. These price components primarily include transportation costs and other adjustments required due to location, quality, or other contract terms. In the table below, these other adjustments are referred to as basis. The changes in unobservable price components are determined by specific local supply and demand characteristics at each facility and the overall market. Factors such as substitute products, weather, fuel costs, contract terms, and futures prices also impact the movement of these unobservable price components. The following table sets forth the weighted average percentage of the unobservable price components included in the Company’s Level 3 valuations as of September 30, 2023 and December 31, 2022. The Company’s Level 3 measurements may include basis only, transportation cost only, or both price components. As an example, for Level 3 inventories with basis, the unobservable component as of September 30, 2023 is a weighted average 28.1% of the total price for assets and 47.3% of the total price for liabilities. Weighted Average % of Total Price September 30, 2023 December 31, 2022 Component Type Assets Liabilities Assets Liabilities Inventories and Related Payables Basis 28.1 % 47.3 % 19.4 % 15.2 % Transportation cost 19.5 % — % 10.5 % — % Commodity Derivative Contracts Basis 36.6 % 30.4 % 22.7 % 26.5 % Transportation cost 12.0 % 21.5 % 13.5 % 3.7 % In certain of the Company’s principal markets, the Company relies on price quotes from third parties to value its inventories and physical commodity purchase and sale contracts. These price quotes are generally not further adjusted by the Company in determining the applicable market price. In some cases, availability of third-party quotes is limited to only one or two independent sources. In these situations, absent other corroborating evidence, the Company considers these price quotes as 100% unobservable and, therefore, the fair value of these items is reported in Level 3.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Derivatives Not Designated as Hedging Instruments The majority of the Company’s derivative instruments have not been designated as hedging instruments. The Company uses exchange-traded futures and exchange-traded and OTC options contracts to manage its net position of merchandisable agricultural product inventories and forward cash purchase and sales contracts to reduce price risk caused by market fluctuations in agricultural commodities and foreign currencies. The Company also uses exchange-traded futures and exchange-traded and OTC options contracts as components of merchandising strategies designed to enhance margins. The results of these strategies can be significantly impacted by factors such as the correlation between the value of exchange-traded commodities futures contracts and the value of the underlying commodities, counterparty contract defaults, and volatility of freight markets. Derivatives, including exchange-traded contracts and forward commodity purchase or sale contracts, and inventories of certain merchandisable agricultural products, which include amounts acquired under deferred pricing contracts, are stated at fair value or market value. Inventory is not a derivative and therefore fair values of and changes in fair values of inventories are not included in the tables below. The following table sets forth the fair value of derivatives not designated as hedging instruments as of September 30, 2023 and December 31, 2022. September 30, 2023 December 31, 2022 Assets Liabilities Assets Liabilities (In millions) Foreign Currency Contracts $ 191 $ 119 $ 154 $ 275 Commodity Contracts 1,747 1,252 1,337 1,248 Debt Conversion Option — — — 6 Total $ 1,938 $ 1,371 $ 1,491 $ 1,529 The following tables set forth the pre-tax gains (losses) on derivatives not designated as hedging instruments that have been included in the consolidated statements of earnings for the three and nine months ended September 30, 2023 and 2022. Other (income) expense - net Cost of Interest (In millions) Revenues products sold expense Three Months Ended September 30, 2023 Consolidated Statement of Earnings $ 21,695 $ 19,885 $ (35) $ 155 Pre-tax gains (losses) on: Foreign Currency Contracts $ 1 $ (38) $ 96 $ — Commodity Contracts — 168 — — Total gain (loss) recognized in earnings $ 1 $ 130 $ 96 $ — $ 227 Three Months Ended September 30, 2022 Consolidated Statement of Earnings $ 24,683 $ 22,872 $ (67) $ 97 Pre-tax gains (losses) on: Foreign Currency Contracts $ (5) $ 6 $ 151 $ — Commodity Contracts — 134 — — Debt Conversion Option — — — 8 Total gain (loss) recognized in earnings $ (5) $ 140 $ 151 $ 8 $ 294 Other (income) expense - net Cost of Interest (In millions) Revenues products sold expense Nine Months Ended September 30, 2023 Consolidated Statement of Earnings $ 70,957 $ 65,184 $ (116) $ 482 Pre-tax gains (losses) on: Foreign Currency Contracts $ (25) $ 210 $ 123 $ — Commodity Contracts — 643 — — Debt Conversion Option — — — 6 Total gain (loss) recognized in earnings $ (25) $ 853 $ 123 $ 6 $ 957 Nine Months Ended September 30, 2022 Consolidated Statement of Earnings $ 75,617 $ 69,809 $ (183) $ 262 Pre-tax gains (losses) on: Foreign Currency Contracts $ (30) $ 354 $ 414 $ — Commodity Contracts — 95 — — Debt Conversion Option — — — 12 Total gain (loss) recognized in earnings $ (30) $ 449 $ 414 $ 12 $ 845 Changes in the market value of inventories of certain merchandisable agricultural commodities, inventory-related payables, forward cash purchase and sales contracts, exchange-traded futures and exchange-traded and OTC options contracts are recognized in earnings immediately as a component of cost of products sold. Changes in the fair value of foreign currency-related derivatives are recognized in the consolidated statements of earnings as a component of revenues, cost of products sold, and other (income) expense - net depending on the purpose of the contract. Derivatives Designated as Cash Flow and Net Investment Hedging Strategies The Company had certain derivatives designated as cash flow and net investment hedges as of September 30, 2023 and December 31, 2022. For derivative instruments that are designated and qualify as highly-effective cash flow hedges (i.e., hedging the exposure to variability in expected future cash flow that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of AOCI and as an operating activity in the statement of cash flows, and is reclassified into earnings in the same line item affected by the hedged transaction in the same period or periods during which the hedged transaction affects earnings. Hedge components excluded from the assessment of effectiveness and gains and losses related to discontinued hedges are recognized in the consolidated statement of earnings during the current period. Commodity Contracts For each of the hedge programs described below, the derivatives are designated as cash flow hedges. The changes in the market value of such derivative contracts have historically been, and are expected to continue to be, highly effective at offsetting changes in price movements of the hedged item. Once the hedged item is recognized in earnings, the gains and losses arising from the hedge are reclassified from AOCI to either revenues or cost of products sold, as applicable. The Company uses futures or options contracts to hedge the purchase price of anticipated volumes of corn to be purchased and processed in a future month. The objective of this hedging program is to reduce the variability of cash flows associated with the Company’s forecasted purchases of corn. The Company’s corn processing plants normally grind approximately 65 million bushels of corn per month. During the past 12 months, the Company hedged between 17% and 34% of its monthly grind. At September 30, 2023, the Company had designated hedges representing between 5% and 31% of its anticipated monthly grind of corn for the next 12 months. The Company, from time to time, also uses futures, options, and swaps to hedge the sales price of certain ethanol sales contracts. The Company has established hedging programs for ethanol sales contracts that are indexed to unleaded gasoline prices and to various exchange-traded ethanol contracts. The objective of these hedging programs is to reduce the variability of cash flows associated with the Company’s sales of ethanol. During the past 12 months and as of September 30, 2023, the Company had no hedges related to ethanol sales under these programs. The Company uses futures and options contracts to hedge the purchase price of the anticipated volumes of soybeans to be purchased and processed in a future month for certain of its U.S. soybean crush facilities, subject to certain program limits. The Company also uses futures or options contracts to hedge the sales prices of anticipated soybean meal and soybean oil sales proportionate to the soybean crushing process at these facilities, subject to certain program limits. During the past 12 months, the Company hedged between 61% and 89% of the anticipated monthly soybean crush for soybean purchases and soybean meal and oil sales at the designated facilities. At September 30, 2023, the Company had designated hedges representing between 32% and 61% of the anticipated monthly soybean crush for soybean purchases and soybean meal and oil sales at the designated facilities over the next 12 months. The Company uses futures and OTC swaps to hedge the purchase price of anticipated volumes of natural gas consumption in a future month for certain of its facilities in North America and Europe, subject to certain program limits. During the past 12 months, the Company hedged between 70% and 85% of the anticipated monthly natural gas consumption at the designated facilities. At September 30, 2023, the Company had designated hedges representing between 37% and 56% of the anticipated monthly natural gas consumption over the next 12 months. As of September 30, 2023 and December 31, 2022, the Company had after-tax gains of $14 million and after-tax losses of $17 million in AOCI, respectively, related to gains and losses from these programs. The Company expects to recognize Interest Rate Contracts The Company used swap locks designated as cash flow hedges to hedge the changes in the forecasted interest payments due to changes in the benchmark rate leading up to future bond issuance dates. The terms of the swap locks matched the terms of the forecasted interest payments. The deferred gains and losses will be recognized in interest expense over the period in which the related interest payments will be paid. The Company executed swap locks maturing on various dates with an aggregate notional amount of $400 million as of December 31, 2022. During the quarter ended March 31, 2023, the Company unwound the swap locks in anticipation of the April 3, 2023 debt issuance. Foreign Currency Contracts The Company uses cross-currency swaps and foreign exchange forwards designated as net investment hedges to protect the Company’s investment in a foreign subsidiary against changes in foreign currency exchange rates. The Company executed USD-fixed to Euro-fixed cross-currency swaps with an aggregate notional amount of $0.8 billion as of September 30, 2023 and December 31, 2022, and foreign exchange forwards with an aggregate notional amount of $2.7 billion and $2.5 billion as of September 30, 2023 and December 31, 2022, respectively. As of September 30, 2023 and December 31, 2022, the Company had after-tax gains of $90 million and $79 million in AOCI, respectively, related to foreign exchange gains and losses from net investment hedge transactions. The amount is deferred in AOCI until the underlying investment is divested. The following table sets forth the fair value of derivatives designated as hedging instruments as of September 30, 2023 and December 31, 2022. September 30, 2023 December 31, 2022 Assets Liabilities Assets Liabilities (In millions) Commodity Contracts $ 16 $ — $ — $ 20 Foreign Currency Contracts 96 — 104 $ — Interest Rate Contracts — — 109 — Total $ 112 $ — $ 213 $ 20 The following table sets forth the pre-tax gains (losses) on derivatives designated as hedging instruments that have been included in the consolidated statements of earnings for the three and nine months ended September 30, 2023 and 2022. Cost of products sold (In millions) Revenues Three Months Ended September 30, 2023 Consolidated Statement of Earnings $ 21,695 $ 19,885 Effective amounts recognized in earnings Pre-tax gains (losses) on: Commodity Contracts $ — $ (132) Total gain (loss) recognized in earnings $ — $ (132) $ (132) Three Months Ended September 30, 2022 Consolidated Statement of Earnings $ 24,683 $ 22,872 Effective amounts recognized in earnings Pre-tax gains (losses) on: Commodity Contracts $ — $ 117 Interest Contracts 1 — Total gain (loss) recognized in earnings $ 1 $ 117 $ 118 Cost of products sold (In millions) Revenues Nine Months Ended September 30, 2023 Consolidated Statement of Earnings $ 70,957 $ 65,184 Effective amounts recognized in earnings Pre-tax gains (losses) on: Commodity Contracts $ — $ (277) Total gain (loss) recognized in earnings $ — $ (277) $ (277) Nine Months Ended September 30, 2022 Consolidated Statement of Earnings $ 75,617 $ 69,809 Effective amounts recognized in earnings Pre-tax gains (losses) on: Commodity Contracts $ — $ 365 Interest Contracts 1 — Total gain (loss) recognized in earnings $ 1 $ 365 $ 366 Other Net Investment Hedging Strategies The Company has designated €0.7 billion and €1.3 billion of its outstanding long-term debt and commercial paper borrowings at September 30, 2023 and December 31, 2022, respectively, as hedges of its net investment in a foreign subsidiary. As of September 30, 2023 and December 31, 2022, the Company had after-tax gains of $240 million and $228 million in AOCI, respectively, related to foreign exchange gains and losses from the net investment hedge transactions. The amount is deferred in AOCI until the underlying investment is divested.

Other Current Assets

Other Current Assets	9 Months Ended
	Sep. 30, 2023
Other Assets [Abstract]
Other Current Assets	Other Current Assets The following table sets forth the items in other current assets: September 30, December 31, 2023 2022 (In millions) Unrealized gains on derivative contracts $ 2,050 $ 1,704 Margin deposits and grain accounts 675 723 Customer omnibus receivable 1,021 1,309 Financing receivables - net (1) 215 235 Insurance premiums receivable 39 54 Prepaid expenses 614 443 Biodiesel tax credit 271 68 Tax receivables 315 616 Non-trade receivables 352 361 Other current assets 66 153 $ 5,618 $ 5,666 (1) The Company provides financing to certain suppliers, primarily Brazilian farmers, to finance a portion of the suppliers’ production costs. The amounts are reported net of allowances of $3 million at September 30, 2023 and December 31, 2022. Interest earned on financing receivables of $4 million and $14 million for the three and nine months ended September 30, 2023, respectively, and $3 million and $11 million for the three and nine months ended September 30, 2022, respectively, is included in interest and investment income in the consolidated statements of earnings.

Accrued Expenses And Other Paya

Accrued Expenses And Other Payables	9 Months Ended
	Sep. 30, 2023
Accrued Liabilities and Other Liabilities [Abstract]
Accrued Expenses And Other Payables	Accrued Expenses and Other Payables The following table sets forth the items in accrued expenses and other payables: September 30, December 31, 2023 2022 (In millions) Unrealized losses on derivative contracts $ 1,371 $ 1,543 Accrued compensation 387 475 Income tax payable 234 248 Other taxes payable 185 136 Insurance claims payable 78 223 Contract liability 411 694 Other accruals and payables 1,475 1,476 $ 4,141 $ 4,795

Debt And Financing Arrangements

Debt And Financing Arrangements	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt And Financing Arrangements	Debt and Financing Arrangements On April 3, 2023, the Company issued $500 million aggregate principal amount of 4.500% Notes due August 15, 2033. Net proceeds before expenses were $493 million. In June 2023, the Company redeemed €600 million aggregate principal amount of 1.750% Notes due 2023. In August 2023, the Company redeemed $300 million aggregate principal amount of zero coupon exchangeable bonds due 2023. During the nine months ended September 30, 2023, Archer Daniels Midland Singapore, Pte. Ltd., a wholly-owned subsidiary of the Company, increased its revolving credit facility from $500 million to $750 million. The facility is used to finance working capital requirements and for general corporate purposes. At September 30, 2023, the fair value of the Company’s long-term debt was below the carrying value by $0.7 billion, as estimated using quoted market prices (a Level 2 measurement under applicable accounting standards). At September 30, 2023, the Company had lines of credit, including the accounts receivable securitization programs described below, totaling $13.5 billion, of which $11.7 billion was unused. Of the Company’s total lines of credit, $5.0 billion supported the combined U.S. and European commercial paper borrowing programs, against which there was $10 million of commercial paper outstanding at September 30, 2023. The Company has accounts receivable securitization programs (the “Programs”). The Programs provide the Company with up to $3.0 billion in funding resulting from the sale of accounts receivable with $1.3 billion unused capacity as of September 30, 2023.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate was 20.1% and 17.9% for the three and nine months ended September 30, 2023, respectively, compared to 15.7% and 16.9% for the three and nine months ended September 30, 2022, respectively. The increase in the rate was primarily due to the change in the geographic mix of forecasted pretax earnings. On August 16, 2022, the U.S. government enacted the Inflation Reduction Act of 2022 (“Inflation Act”), which includes, among other provisions, changes to the U.S. corporate income tax system, including a 15% minimum tax based on “adjusted financial statement income” and a one percent excise tax on net repurchases of stock for tax years beginning after December 31, 2022. The Company’s adoption of the Inflation Act did not have a significant impact on the Company’s consolidated financial statements. The Company is subject to income taxation and routine examinations in many jurisdictions around the world and frequently faces challenges regarding the amount of taxes due. These challenges include positions taken by the Company related to the timing, nature, and amount of deductions and the allocation of income among various tax jurisdictions. In its routine evaluations of the exposure associated with various tax filing positions, the Company recognizes a liability, when necessary, for estimated potential tax owed by the Company in accordance with applicable accounting standards. Resolution of the related tax positions, through negotiations with relevant tax authorities or through litigation, may take years to complete. Therefore, it is difficult to predict the timing for resolution of tax positions and the Company cannot predict or provide assurance as to the ultimate outcome of these ongoing or future examinations. However, the Company does not anticipate the total amount of unrecognized tax benefits will increase or decrease significantly in the next twelve months. Given the long periods of time involved in resolving tax positions, the Company does not expect the recognition of unrecognized tax benefits will have a material impact on the Company’s effective income tax rate in any given period. The Company’s subsidiary in Argentina, ADM Agro SRL (formerly ADM Argentina SA and Alfred C. Toepfer Argentina SRL), received tax assessments challenging transfer prices used to price grain exports for the tax years 1999 through 2011, 2014 and 2015. As of September 30, 2023, these assessments totaled $3 million in tax and up to $13 million in interest (adjusted for variation in currency exchange rates). The Argentine tax authorities conducted a review of income and other taxes paid by large exporters and processors of cereals and other agricultural commodities resulting in allegations of income tax evasion. The Company strongly believes it has complied with all Argentine tax laws. Currently the Company is under audit for fiscal years 2016 to 2017. While the statute of limitations has expired for tax years 2012 and 2013, the Company cannot rule out receiving additional assessments challenging transfer prices used to price grain exports for years subsequent to 2015. The Company believes it has appropriately evaluated the transactions underlying these assessments, and has concluded, based on Argentine tax law, that its tax position is more likely than not to be sustained based upon its technical merits, and accordingly, has not recorded a tax liability for these assessments. The Company intends to vigorously defend its position against any assessments. In 2014, the Company’s wholly-owned subsidiary in the Netherlands, ADM Europe B.V., received a tax assessment from the Netherlands tax authority challenging the transfer pricing aspects of a 2009 business reorganization, which involved two of its subsidiary companies in the Netherlands. As of September 30, 2023, this assessment was $86 million in tax and $32 million in interest (adjusted for variation in currency exchange rates). On April 23, 2020, the court issued an unfavorable ruling and in October 2020, assigned a third party expert to establish a valuation. During the second quarter of 2021, the third party expert issued a final valuation. On September 30, 2022, the court issued a ruling consistent with the valuation report, and the Dutch tax authorities have filed an appeal. During the quarter ended March 31, 2023, ADM filed a cross-appeal. As of September 30, 2023, the Company has accrued its best estimate of what it believes will be the likely outcome of the litigation.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (AOCI)	9 Months Ended
	Sep. 30, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Accumulated Other Comprehensive Income (AOCI)	Accumulated Other Comprehensive Income The following tables set forth the changes in AOCI by component for the three and nine months ended September 30, 2023 and the reclassifications out of AOCI for the three and nine months ended September 30, 2023 and 2022: Three months ended September 30, 2023 Foreign Currency Translation Adjustment Deferred Gain (Loss) on Hedging Activities Pension Liability Adjustment Unrealized Gain (Loss) on Investments Total (In millions) Balance at June 30, 2023 $ (2,402) $ 39 $ (63) $ (7) $ (2,433) Other comprehensive income (loss) before reclassifications (393) (4) 3 5 (389) Gain (loss) on net investment hedges 149 — — — 149 Amounts reclassified from AOCI — 132 (3) — 129 Tax effect (36) (28) (3) — (67) Net of tax amount (280) 100 (3) 5 (178) Balance at September 30, 2023 $ (2,682) $ 139 $ (66) $ (2) $ (2,611) Nine months ended September 30, 2023 Foreign Currency Translation Adjustment Deferred Gain (Loss) on Hedging Activities Pension Liability Adjustment Unrealized Gain (Loss) on Investments Total (In millions) Balance at December 31, 2022 $ (2,622) $ 148 $ (22) $ (13) $ (2,509) Other comprehensive income (loss) before reclassifications (71) (290) 6 13 (342) Gain (loss) on net investment hedges 19 — — — 19 Amounts reclassified from AOCI — 277 (38) — 239 Tax effect (8) 4 (12) (2) (18) Net of tax amount (60) (9) (44) 11 (102) Balance at September 30, 2023 $ (2,682) $ 139 $ (66) $ (2) $ (2,611) Amount reclassified from AOCI Three months ended September 30, Nine months ended September 30, Affected line item in the consolidated statements of earnings Details about AOCI components 2023 2022 2023 2022 (In millions) Deferred loss (gain) on hedging activities $ — $ (1) $ — $ (1) Revenues 132 (117) 277 (365) Cost of products sold 132 (118) 277 (366) Total before tax (29) 17 (55) 69 Tax $ 103 $ (101) $ 222 $ (297) Net of tax Pension liability adjustment Amortization of defined benefit pension items: Prior service loss (credit) $ (4) $ (10) $ (21) $ (114) Other (income) expense-net Actuarial losses 1 10 (17) 137 Other (income) expense-net (3) — (38) 23 Total before tax (3) — (12) (8) Tax $ (6) $ — $ (50) $ 15 Net of tax The Company’s accounting policy is to release the income tax effects from AOCI when the individual units of account are sold, terminated, or extinguished.

Other (Income) Expense - Net

Other (Income) Expense - Net	9 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
Other (Income) Expense - Net	Other (Income) Expense - Net The following table sets forth the items in other (income) expense: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In millions) Gains on sales of assets $ (1) $ (35) $ (33) $ (40) Other – net (34) (32) (83) (143) Other (Income) Expense - Net $ (35) $ (67) $ (116) $ (183) Gains on sales of assets in the three and nine months ended September 30, 2023 and 2022 consisted of gains on sales of certain assets and disposals of individually insignificant assets in the ordinary course of business.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Information	Segment 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 as Other Business. Intersegment sales have been recorded at amounts approximating market. Operating profit for each segment is based on net sales less identifiable operating expenses. Also included in operating profit for each segment is equity in earnings of affiliates based on the equity method of accounting. Specified items included in total segment operating profit and certain corporate items are not allocated to the Company’s individual business segments because operating performance of each business segment is evaluated by management exclusive of these items. 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. For more information about the Company’s business segments, refer to Note 17 of “Notes to Consolidated Financial Statements” included in Item 8, “Financial Statements and Supplementary Data” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Gross revenues Ag Services and Oilseeds $ 17,643 $ 20,238 $ 58,421 $ 61,838 Carbohydrate Solutions 3,484 4,070 11,579 12,750 Nutrition 1,851 1,900 5,721 5,921 Other Business 107 97 322 305 Intersegment elimination (1,390) (1,622) (5,086) (5,197) Total gross revenues $ 21,695 $ 24,683 $ 70,957 $ 75,617 Intersegment sales Ag Services and Oilseeds $ 1,164 $ 1,097 $ 3,519 $ 3,015 Carbohydrate Solutions 159 489 1,336 2,052 Nutrition 67 36 231 130 Total intersegment sales $ 1,390 $ 1,622 $ 5,086 $ 5,197 Revenues from external customers Ag Services and Oilseeds Ag Services $ 10,198 $ 12,537 $ 35,259 $ 38,717 Crushing 3,352 3,220 10,515 9,804 Refined Products and Other 2,929 3,384 9,128 10,302 Total Ag Services and Oilseeds 16,479 19,141 54,902 58,823 Carbohydrate Solutions Starches and Sweeteners 2,448 2,680 7,660 7,697 Vantage Corn Processors 877 901 2,583 3,001 Total Carbohydrate Solutions 3,325 3,581 10,243 10,698 Nutrition Human Nutrition 900 906 2,802 2,884 Animal Nutrition 884 958 2,688 2,907 Total Nutrition 1,784 1,864 5,490 5,791 Other Business 107 97 322 305 Total revenues from external customers $ 21,695 $ 24,683 $ 70,957 $ 75,617 Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Segment operating profit Ag Services and Oilseeds $ 848 $ 1,075 $ 3,112 $ 3,202 Carbohydrate Solutions 460 309 1,036 1,099 Nutrition 138 177 468 605 Other Business 46 18 229 78 Specified Items: Gain (loss) on sales of assets (1) (2) 29 10 30 Impairment and restructuring charges and settlement contingencies (2) (69) (49) (190) (76) Total segment operating profit 1,421 1,559 4,665 4,938 Corporate (390) (329) (1,105) (918) Earnings before income taxes $ 1,031 $ 1,230 $ 3,560 $ 4,020 (1) Consists of gains (losses) related to the sale of certain assets in all periods presented.

Asset Impairment, Exit, and Res

Asset Impairment, Exit, and Restructuring Costs	9 Months Ended
	Sep. 30, 2023
Restructuring, Settlement and Impairment Provisions [Abstract]
Asset Impairment, Exit, and Restructuring Costs	Asset Impairment, Exit, and Restructuring CostsAsset impairment, exit, and restructuring costs in the three and nine months ended September 30, 2023 consisted of impairments related to certain long-lived assets and intangibles of $74 million and $120 million, respectively, and restructuring charges of $3 million and $21 million, respectively, presented as specified items within segment operating profit, and restructuring charges in Corporate of $2 million and $5 million, respectively. Intangibles impairments in the three and nine months ended September 30, 2023 of $37 million and $62 million, respectively, was primarily related to discontinued animal nutrition trademarks in the Nutrition segment.Asset impairment, exit, and restructuring costs in the three and nine months ended September 30, 2022 consisted of impairments related to certain long-lived assets of $16 million and $20 million, respectively, and restructuring charges of $12 million and $12 million, respectively, presented as specified items within segment operating profit, and a restructuring adjustment in Corporate of $2 million in the nine months ended September 30, 2022.

Sale of Accounts Receivable

Sale of Accounts Receivable	9 Months Ended
	Sep. 30, 2023
Transfers and Servicing [Abstract]
Sale of Accounts Receivable	The Company has an accounts receivable securitization program (the “First Program”) with certain commercial paper conduit purchasers and committed purchasers (collectively, the “First Purchasers”). Under the First Program, certain U.S.-originated trade accounts receivable are sold to a wholly-owned bankruptcy-remote entity, ADM Receivables, LLC (“ADM Receivables”). ADM Receivables transfers certain of the purchased accounts receivable to each of the First Purchasers together with a security interest in all of its right, title, and interest in the remaining purchased accounts receivable. In exchange, ADM Receivables receives a cash payment of up to $1.9 billion for the accounts receivable transferred. The First Program terminates on May 17, 2024, unless extended. The Company also has an accounts receivable securitization program (the “Second Program”) with certain commercial paper conduit purchasers and committed purchasers (collectively, the “Second Purchasers”). Under the Second Program, certain non-U.S.-originated trade accounts receivable are sold to a wholly-owned bankruptcy-remote entity, ADM Ireland Receivables Company (ADM Ireland Receivables). ADM Ireland Receivables transfers certain of the purchased accounts receivable to each of the Second Purchasers together with a security interest in all of its right, title, and interest in the remaining purchased accounts receivable. In exchange, ADM Ireland Receivables receives a cash payment of up to $1.1 billion (€1.0 billion) for the accounts receivables transferred. The Second Program terminates on February 20, 2024, unless extended. Under the First and Second Programs (collectively, the “Programs”), ADM Receivables and ADM Ireland Receivables use the cash proceeds from the transfer of receivables to the First Purchasers and Second Purchasers (collectively, the “Purchasers”) and other consideration, as applicable, to finance the purchase of receivables from the Company and the ADM subsidiaries originating the receivables. The Company accounts for these transfers as sales. The Company acts as a servicer for the transferred receivables. At September 30, 2023 and December 31, 2022, the Company did not record a servicing asset or liability related to its retained responsibility, based on its assessment of the servicing fee, market values for similar transactions, and its cost of servicing the receivables sold. As of September 30, 2023 and December 31, 2022, the fair value of trade receivables transferred to the Purchasers under the Programs and derecognized from the Company’s consolidated balance sheets was $1.7 billion and $2.6 billion, respectively. Total receivables sold were $41.2 billion and $42.9 billion for the nine months ended September 30, 2023 and 2022, respectively. Cash collections from customers on receivables sold were $40.7 billion and $42.1 billion for the nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023 and December 31, 2022, receivables pledged as collateral to the Purchasers was $1.3 billion and $0.6 billion, respectively. Transfers of receivables under the Programs resulted in an expense for the loss on sale of $11 million and $45 million for the three and nine months ended September 30, 2023, respectively, and $4 million and $12 million for the three and nine months ended September 30, 2022, respectively, which is classified as selling, general, and administrative expenses in the consolidated statements of earnings. All cash flows under the Programs are classified as operating activities because the cash received from the Purchasers upon both the sale and collection of the receivables is not subject to significant interest rate risk given the short-term nature of the Company’s trade receivables.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 821	$ 1,031	$ 2,918	$ 3,321

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	None of the Company’s directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified or terminated any contract, instruction, or written plan for the purchase or sale of ADM’s securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act or any non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K) during the quarter ended September 30, 2023.
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Revenues Revenues (Policies)

Revenues Revenues (Policies)	9 Months Ended
	Sep. 30, 2023
Revenues [Abstract]
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company principally generates revenue from merchandising and transporting agricultural commodities, and manufacturing products for use in food, beverages, feed, energy, and industrial applications, and ingredients and solutions for human and animal nutrition. Revenue is measured based on the consideration specified in the contract with a customer. The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance obligation by transferring control over a product or service to a customer. The majority of the Company’s contracts with customers have one performance obligation and a contract duration of one year or less. The Company applies the practical expedient in paragraph 10-50-14 of Topic 606 and does not disclose information about remaining performance obligations that have original expected durations of one year or less. For transportation service contracts, the Company recognizes revenue over time as the mode of transportation moves towards its destination in accordance with the transfer of control guidance of Topic 606. The Company recognized revenue from transportation service contracts of $174 million and $552 million for the three and nine months ended September 30, 2023, respectively, and $227 million and $611 million for the three and nine months ended September 30, 2022, respectively. For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by ASC 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets (Topic 610-20). Shipping and Handling Costs Shipping and handling costs related to contracts with customers for the sale of goods are accounted for as a fulfillment activity and are included in cost of products sold. Accordingly, amounts billed to customers for such costs are included as a component of revenues. Taxes Collected from Customers and Remitted to Governmental Authorities The Company does not include taxes assessed by governmental authorities that are (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers, in the measurement of transaction prices or as a component of revenues and cost of products sold.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventory, Current	The following table sets forth the Company’s inventories. September 30, 2023 December 31, 2022 (In millions) Raw materials and supplies $ 4,273 $ 6,975 Finished goods 6,951 7,796 Total inventories $ 11,224 $ 14,771
Accounts Receivable, Allowance for Credit Loss	Changes to the allowance for estimated uncollectible accounts are as follows: Three Months Ended September 30 2023 2022 (In millions) Beginning, July 1 $ 174 $ 164 Current year provisions (reversals) (11) 29 Write-offs against allowance (3) (1) Foreign exchange translation adjustment (2) (2) Other — (11) Ending, September 30 $ 158 $ 179 Nine Months Ended September 30 2023 2022 (In millions) Beginning, January 1 $ 199 $ 122 Current year provisions 2 73 Recoveries 1 1 Write-offs against allowance (43) (6) Foreign exchange translation adjustment (1) (4) Other — (7) Ending, September 30 $ 158 $ 179

Revenues Revenues (Tables)

Revenues Revenues (Tables)	9 Months Ended
	Sep. 30, 2023
Revenues [Abstract]
Disaggregation of Revenue [Table Text Block]	Disaggregation of Revenues The following tables present revenue disaggregated by timing of recognition and major product lines for the three and nine months ended September 30, 2023 and 2022. Three Months Ended September 30, 2023 Topic 606 Revenue Topic 815 (1) Total (In millions) Point in Time Over Time Total Revenue Revenues Ag Services and Oilseeds Ag Services $ 980 $ 174 $ 1,154 $ 9,044 $ 10,198 Crushing 118 — 118 3,234 3,352 Refined Products and Other 527 — 527 2,402 2,929 Total Ag Services and Oilseeds 1,625 174 1,799 14,680 16,479 Carbohydrate Solutions Starches and Sweeteners 1,831 — 1,831 617 2,448 Vantage Corn Processors 877 — 877 — 877 Total Carbohydrate Solutions 2,708 — 2,708 617 3,325 Nutrition Human Nutrition 900 — 900 — 900 Animal Nutrition 884 — 884 — 884 Total Nutrition 1,784 — 1,784 — 1,784 Other Business 107 — 107 — 107 Total Revenues $ 6,224 $ 174 $ 6,398 $ 15,297 $ 21,695 Nine Months Ended September 30, 2023 Topic 606 Revenue Topic 815 (1) Total Point in Time Over Time Total Revenue Revenues (In millions) Ag Services and Oilseeds Ag Services $ 3,068 $ 552 $ 3,620 $ 31,639 $ 35,259 Crushing 341 — 341 10,174 10,515 Refined Products and Other 1,730 — 1,730 7,398 9,128 Total Ag Services and Oilseeds 5,139 552 5,691 49,211 54,902 Carbohydrate Solutions Starches and Sweeteners 5,787 — 5,787 1,873 7,660 Vantage Corn Processors 2,583 — 2,583 — 2,583 Total Carbohydrate Solutions 8,370 — 8,370 1,873 10,243 Nutrition Human Nutrition 2,802 — 2,802 — 2,802 Animal Nutrition 2,688 — 2,688 — 2,688 Total Nutrition 5,490 — 5,490 — 5,490 Other Business 322 — 322 — 322 Total Revenues $ 19,321 $ 552 $ 19,873 $ 51,084 $ 70,957 Three Months Ended September 30, 2022 Topic 606 Revenue Topic 815 (1) Total (In millions) Point in Time Over Time Total Revenue Revenues Ag Services and Oilseeds Ag Services $ 1,095 $ 227 $ 1,322 $ 11,215 $ 12,537 Crushing 202 — 202 3,018 3,220 Refined Products and Other 715 — 715 2,669 3,384 Total Ag Services and Oilseeds 2,012 227 2,239 16,902 19,141 Carbohydrate Solutions Starches and Sweeteners 1,994 — 1,994 686 2,680 Vantage Corn Processors 901 — 901 — 901 Total Carbohydrate Solutions 2,895 — 2,895 686 3,581 Nutrition Human Nutrition 906 — 906 — 906 Animal Nutrition 958 — 958 — 958 Total Nutrition 1,864 — 1,864 — 1,864 Other Business 97 — 97 — 97 Total Revenues $ 6,868 $ 227 $ 7,095 $ 17,588 $ 24,683 Nine Months Ended September 30, 2022 Topic 606 Revenue Topic 815 (1) Total Point in Time Over Time Total Revenue Revenues (In millions) Ag Services and Oilseeds Ag Services $ 3,078 $ 611 $ 3,689 $ 35,028 $ 38,717 Crushing 455 — 455 9,349 9,804 Refined Products and Other 2,091 — 2,091 8,211 10,302 Total Ag Services and Oilseeds 5,624 611 6,235 52,588 58,823 Carbohydrate Solutions Starches and Sweeteners 5,813 — 5,813 1,884 7,697 Vantage Corn Processors 3,001 — 3,001 — 3,001 Total Carbohydrate Solutions 8,814 — 8,814 1,884 10,698 Nutrition Human Nutrition 2,884 — 2,884 — 2,884 Animal Nutrition 2,907 — 2,907 — 2,907 Total Nutrition 5,791 — 5,791 — 5,791 Other Business 305 — 305 — 305 Total Revenues $ 20,534 $ 611 $ 21,145 $ 54,472 $ 75,617

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following tables set forth, by level, the Company’s assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2023 and December 31, 2022. Fair Value Measurements at September 30, 2023 Quoted Prices in Significant Significant Total (In millions) Assets: Inventories carried at market $ — $ 3,172 $ 2,872 $ 6,044 Unrealized derivative gains: Commodity contracts — 873 890 1,763 Foreign currency contracts — 287 — 287 Cash equivalents 366 — — 366 Segregated investments 1,969 — — 1,969 Total Assets $ 2,335 $ 4,332 $ 3,762 $ 10,429 Liabilities: Unrealized derivative losses: Commodity contracts $ — $ 703 $ 549 $ 1,252 Foreign currency contracts — 119 — 119 Inventory-related payables — 1,070 87 1,157 Total Liabilities $ — $ 1,892 $ 636 $ 2,528 Fair Value Measurements at December 31, 2022 Significant Significant Total (In millions) Assets: Inventories carried at market $ — $ 6,281 $ 2,760 $ 9,041 Unrealized derivative gains: Commodity contracts — 796 541 1,337 Foreign currency contracts — 258 — 258 Interest rate contracts — 109 — 109 Cash equivalents 405 — — 405 Segregated investments 1,453 — — 1,453 Total Assets $ 1,858 $ 7,444 $ 3,301 $ 12,603 Liabilities: Unrealized derivative losses: Commodity contracts $ — $ 665 $ 603 $ 1,268 Foreign currency contracts — 275 — 275 Debt conversion option — — 6 6 Inventory-related payables — 1,181 89 1,270 Total Liabilities $ — $ 2,121 $ 698 $ 2,819
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The following table presents a rollforward of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended September 30, 2023. Level 3 Fair Value Asset Measurements at September 30, 2023 Inventories Commodity Total Assets (In millions) Balance, June 30, 2023 $ 2,859 $ 886 $ 3,745 Total increase (decrease) in net realized/unrealized gains included in cost of products sold* 135 330 465 Purchases 6,615 — 6,615 Sales (6,539) — (6,539) Settlements — (356) (356) Transfers into Level 3 336 49 385 Transfers out of Level 3 (534) (19) (553) Ending balance, September 30, 2023 $ 2,872 $ 890 $ 3,762 * Includes increase in unrealized gains of $438 million relating to Level 3 assets still held at September 30, 2023. The following table presents a rollforward of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended September 30, 2022. Level 3 Fair Value Asset Measurements at September 30, 2022 Inventories Commodity Total Assets (In millions) Balance, June 30, 2022 $ 3,245 $ 880 $ 4,125 Total increase (decrease) in net realized/unrealized gains included in cost of products sold* 315 345 660 Purchases 13,294 — 13,294 Sales (13,931) — (13,931) Settlements — (456) (456) Transfers into Level 3 384 49 433 Transfers out of Level 3 (221) (116) (337) Ending balance, September 30, 2022 $ 3,086 $ 702 $ 3,788 * Includes increase in unrealized gains of $481 million relating to Level 3 assets still held at September 30, 2022. The following table presents a rollforward of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2023. Level 3 Fair Value Asset Measurements at September 30, 2023 Inventories Commodity Total Assets (In millions) Balance, December 31, 2022 $ 2,760 $ 541 $ 3,301 Total increase (decrease) in net realized/unrealized gains included in cost of products sold* 499 1,282 1,781 Purchases 25,190 — 25,190 Sales (25,439) — (25,439) Settlements (4) (1,195) (1,199) Transfers into Level 3 1,488 339 1,827 Transfers out of Level 3 (1,622) (77) (1,699) Ending balance, September 30, 2023 $ 2,872 $ 890 $ 3,762 * Includes increase in unrealized gains of $1.8 billion relating to Level 3 assets still held at September 30, 2023. The following table presents a rollforward of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2022. Level 3 Fair Value Asset Measurements at September 30, 2022 Inventories Commodity Total Assets (In millions) Balance, December 31, 2021 $ 3,004 $ 460 $ 3,464 Total increase (decrease) in net realized/unrealized gains included in cost of products sold* 746 1,297 2,043 Purchases 34,524 — 34,524 Sales (35,239) — (35,239) Settlements — (1,227) (1,227) Transfers into Level 3 933 365 1,298 Transfers out of Level 3 (882) (193) (1,075) Ending balance, September 30, 2022 $ 3,086 $ 702 $ 3,788 * Includes increase in unrealized gains of $2.2 billion relating to Level 3 assets still held at September 30, 2022.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The following table presents a rollforward of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended September 30, 2023. Level 3 Fair Value Liability Measurements at September 30, 2023 Inventory- Commodity Total Liabilities (In millions) Balance, June 30, 2023 $ 65 $ 791 $ 856 Total increase (decrease) in net realized/unrealized losses included in cost of products sold* (3) 290 287 Purchases 29 — 29 Settlements — (529) (529) Transfers into Level 3 — 10 10 Transfers out of Level 3 (4) (13) (17) Ending balance, September 30, 2023 $ 87 $ 549 $ 636 * Includes increase in unrealized losses of $297 million relating to Level 3 liabilities still held at September 30, 2023. The following table presents a rollforward of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended September 30, 2022. Level 3 Fair Value Liability Measurements at September 30, 2022 Inventory- Commodity Debt Conversion Option Total Liabilities (In millions) Balance, June 30, 2022 $ 55 $ 960 $ 11 $ 1,026 Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense* 3 391 (8) 386 Purchases 167 — — 167 Sales (5) — — (5) Settlements — (634) — (634) Transfers into Level 3 — 57 — 57 Transfers out of Level 3 — (65) — (65) Ending balance, September 30, 2022 $ 220 $ 709 $ 3 $ 932 * Includes increase in unrealized losses of $394 million relating to Level 3 liabilities still held at September 30, 2022. The following table presents a rollforward of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2023. Level 3 Fair Value Liability Measurements at September 30, 2023 Inventory- Commodity Debt Conversion Option Total Liabilities (In millions) Balance, December 31, 2022 $ 89 $ 603 $ 6 $ 698 Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense* (1) 1,068 (6) 1,061 Purchases 36 — — 36 Settlements (34) (1,236) — (1,270) Transfers into Level 3 1 135 — 136 Transfers out of Level 3 (4) (21) — (25) Ending balance, September 30, 2023 $ 87 $ 549 $ — $ 636 * Includes increase in unrealized losses of $1.1 billion relating to Level 3 liabilities still held at September 30, 2023. The following table presents a rollforward of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2022. Level 3 Fair Value Liability Measurements at September 30, 2022 Inventory- Commodity Debt Conversion Option Total Liabilities (In millions) Balance, December 31, 2021 $ 106 $ 815 $ 15 $ 936 Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense* (1) 2,060 (12) 2,047 Purchases 176 — — 176 Sales (61) — — (61) Settlements — (2,363) — (2,363) Transfers into Level 3 — 379 — 379 Transfers out of Level 3 — (182) — (182) Ending balance, September 30, 2022 $ 220 $ 709 $ 3 $ 932 * Includes increase in unrealized losses of $2.1 billion relating to Level 3 liabilities still held at September 30, 2022.
Unobservable Price Components Present in the Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table sets forth the weighted average percentage of the unobservable price components included in the Company’s Level 3 valuations as of September 30, 2023 and December 31, 2022. The Company’s Level 3 measurements may include basis only, transportation cost only, or both price components. As an example, for Level 3 inventories with basis, the unobservable component as of September 30, 2023 is a weighted average 28.1% of the total price for assets and 47.3% of the total price for liabilities. Weighted Average % of Total Price September 30, 2023 December 31, 2022 Component Type Assets Liabilities Assets Liabilities Inventories and Related Payables Basis 28.1 % 47.3 % 19.4 % 15.2 % Transportation cost 19.5 % — % 10.5 % — % Commodity Derivative Contracts Basis 36.6 % 30.4 % 22.7 % 26.5 % Transportation cost 12.0 % 21.5 % 13.5 % 3.7 %

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	The following table sets forth the fair value of derivatives not designated as hedging instruments as of September 30, 2023 and December 31, 2022. September 30, 2023 December 31, 2022 Assets Liabilities Assets Liabilities (In millions) Foreign Currency Contracts $ 191 $ 119 $ 154 $ 275 Commodity Contracts 1,747 1,252 1,337 1,248 Debt Conversion Option — — — 6 Total $ 1,938 $ 1,371 $ 1,491 $ 1,529 The following tables set forth the pre-tax gains (losses) on derivatives not designated as hedging instruments that have been included in the consolidated statements of earnings for the three and nine months ended September 30, 2023 and 2022. Other (income) expense - net Cost of Interest (In millions) Revenues products sold expense Three Months Ended September 30, 2023 Consolidated Statement of Earnings $ 21,695 $ 19,885 $ (35) $ 155 Pre-tax gains (losses) on: Foreign Currency Contracts $ 1 $ (38) $ 96 $ — Commodity Contracts — 168 — — Total gain (loss) recognized in earnings $ 1 $ 130 $ 96 $ — $ 227 Three Months Ended September 30, 2022 Consolidated Statement of Earnings $ 24,683 $ 22,872 $ (67) $ 97 Pre-tax gains (losses) on: Foreign Currency Contracts $ (5) $ 6 $ 151 $ — Commodity Contracts — 134 — — Debt Conversion Option — — — 8 Total gain (loss) recognized in earnings $ (5) $ 140 $ 151 $ 8 $ 294 Other (income) expense - net Cost of Interest (In millions) Revenues products sold expense Nine Months Ended September 30, 2023 Consolidated Statement of Earnings $ 70,957 $ 65,184 $ (116) $ 482 Pre-tax gains (losses) on: Foreign Currency Contracts $ (25) $ 210 $ 123 $ — Commodity Contracts — 643 — — Debt Conversion Option — — — 6 Total gain (loss) recognized in earnings $ (25) $ 853 $ 123 $ 6 $ 957 Nine Months Ended September 30, 2022 Consolidated Statement of Earnings $ 75,617 $ 69,809 $ (183) $ 262 Pre-tax gains (losses) on: Foreign Currency Contracts $ (30) $ 354 $ 414 $ — Commodity Contracts — 95 — — Debt Conversion Option — — — 12 Total gain (loss) recognized in earnings $ (30) $ 449 $ 414 $ 12 $ 845 The following table sets forth the fair value of derivatives designated as hedging instruments as of September 30, 2023 and December 31, 2022. September 30, 2023 December 31, 2022 Assets Liabilities Assets Liabilities (In millions) Commodity Contracts $ 16 $ — $ — $ 20 Foreign Currency Contracts 96 — 104 $ — Interest Rate Contracts — — 109 — Total $ 112 $ — $ 213 $ 20 The following table sets forth the pre-tax gains (losses) on derivatives designated as hedging instruments that have been included in the consolidated statements of earnings for the three and nine months ended September 30, 2023 and 2022. Cost of products sold (In millions) Revenues Three Months Ended September 30, 2023 Consolidated Statement of Earnings $ 21,695 $ 19,885 Effective amounts recognized in earnings Pre-tax gains (losses) on: Commodity Contracts $ — $ (132) Total gain (loss) recognized in earnings $ — $ (132) $ (132) Three Months Ended September 30, 2022 Consolidated Statement of Earnings $ 24,683 $ 22,872 Effective amounts recognized in earnings Pre-tax gains (losses) on: Commodity Contracts $ — $ 117 Interest Contracts 1 — Total gain (loss) recognized in earnings $ 1 $ 117 $ 118 Cost of products sold (In millions) Revenues Nine Months Ended September 30, 2023 Consolidated Statement of Earnings $ 70,957 $ 65,184 Effective amounts recognized in earnings Pre-tax gains (losses) on: Commodity Contracts $ — $ (277) Total gain (loss) recognized in earnings $ — $ (277) $ (277) Nine Months Ended September 30, 2022 Consolidated Statement of Earnings $ 75,617 $ 69,809 Effective amounts recognized in earnings Pre-tax gains (losses) on: Commodity Contracts $ — $ 365 Interest Contracts 1 — Total gain (loss) recognized in earnings $ 1 $ 365 $ 366

Other Current Assets (Tables)

Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Other Assets [Abstract]
Other Current Assets	The following table sets forth the items in other current assets: September 30, December 31, 2023 2022 (In millions) Unrealized gains on derivative contracts $ 2,050 $ 1,704 Margin deposits and grain accounts 675 723 Customer omnibus receivable 1,021 1,309 Financing receivables - net (1) 215 235 Insurance premiums receivable 39 54 Prepaid expenses 614 443 Biodiesel tax credit 271 68 Tax receivables 315 616 Non-trade receivables 352 361 Other current assets 66 153 $ 5,618 $ 5,666 (1) The Company provides financing to certain suppliers, primarily Brazilian farmers, to finance a portion of the suppliers’ production costs. The amounts are reported net of allowances of $3 million at September 30, 2023 and December 31, 2022. Interest earned on financing receivables of $4 million and $14 million for the three and nine months ended September 30, 2023, respectively, and $3 million and $11 million for the three and nine months ended September 30, 2022, respectively, is included in interest and investment income in the consolidated statements of earnings.

Accrued Expenses And Other Pa_2

Accrued Expenses And Other Payables (Tables)	9 Months Ended
	Sep. 30, 2023
Accrued Liabilities and Other Liabilities [Abstract]
Accrued Expenses And Other Payables	The following table sets forth the items in accrued expenses and other payables: September 30, December 31, 2023 2022 (In millions) Unrealized losses on derivative contracts $ 1,371 $ 1,543 Accrued compensation 387 475 Income tax payable 234 248 Other taxes payable 185 136 Insurance claims payable 78 223 Contract liability 411 694 Other accruals and payables 1,475 1,476 $ 4,141 $ 4,795

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (AOCI) (Tables)	9 Months Ended
	Sep. 30, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following tables set forth the changes in AOCI by component for the three and nine months ended September 30, 2023 and the reclassifications out of AOCI for the three and nine months ended September 30, 2023 and 2022: Three months ended September 30, 2023 Foreign Currency Translation Adjustment Deferred Gain (Loss) on Hedging Activities Pension Liability Adjustment Unrealized Gain (Loss) on Investments Total (In millions) Balance at June 30, 2023 $ (2,402) $ 39 $ (63) $ (7) $ (2,433) Other comprehensive income (loss) before reclassifications (393) (4) 3 5 (389) Gain (loss) on net investment hedges 149 — — — 149 Amounts reclassified from AOCI — 132 (3) — 129 Tax effect (36) (28) (3) — (67) Net of tax amount (280) 100 (3) 5 (178) Balance at September 30, 2023 $ (2,682) $ 139 $ (66) $ (2) $ (2,611) Nine months ended September 30, 2023 Foreign Currency Translation Adjustment Deferred Gain (Loss) on Hedging Activities Pension Liability Adjustment Unrealized Gain (Loss) on Investments Total (In millions) Balance at December 31, 2022 $ (2,622) $ 148 $ (22) $ (13) $ (2,509) Other comprehensive income (loss) before reclassifications (71) (290) 6 13 (342) Gain (loss) on net investment hedges 19 — — — 19 Amounts reclassified from AOCI — 277 (38) — 239 Tax effect (8) 4 (12) (2) (18) Net of tax amount (60) (9) (44) 11 (102) Balance at September 30, 2023 $ (2,682) $ 139 $ (66) $ (2) $ (2,611)
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amount reclassified from AOCI Three months ended September 30, Nine months ended September 30, Affected line item in the consolidated statements of earnings Details about AOCI components 2023 2022 2023 2022 (In millions) Deferred loss (gain) on hedging activities $ — $ (1) $ — $ (1) Revenues 132 (117) 277 (365) Cost of products sold 132 (118) 277 (366) Total before tax (29) 17 (55) 69 Tax $ 103 $ (101) $ 222 $ (297) Net of tax Pension liability adjustment Amortization of defined benefit pension items: Prior service loss (credit) $ (4) $ (10) $ (21) $ (114) Other (income) expense-net Actuarial losses 1 10 (17) 137 Other (income) expense-net (3) — (38) 23 Total before tax (3) — (12) (8) Tax $ (6) $ — $ (50) $ 15 Net of tax

Other (Income) Expense - Net (T

Other (Income) Expense - Net (Tables)	9 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
Other (Income) Expense - Net	The following table sets forth the items in other (income) expense: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In millions) Gains on sales of assets $ (1) $ (35) $ (33) $ (40) Other – net (34) (32) (83) (143) Other (Income) Expense - Net $ (35) $ (67) $ (116) $ (183)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Information	Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Gross revenues Ag Services and Oilseeds $ 17,643 $ 20,238 $ 58,421 $ 61,838 Carbohydrate Solutions 3,484 4,070 11,579 12,750 Nutrition 1,851 1,900 5,721 5,921 Other Business 107 97 322 305 Intersegment elimination (1,390) (1,622) (5,086) (5,197) Total gross revenues $ 21,695 $ 24,683 $ 70,957 $ 75,617 Intersegment sales Ag Services and Oilseeds $ 1,164 $ 1,097 $ 3,519 $ 3,015 Carbohydrate Solutions 159 489 1,336 2,052 Nutrition 67 36 231 130 Total intersegment sales $ 1,390 $ 1,622 $ 5,086 $ 5,197 Revenues from external customers Ag Services and Oilseeds Ag Services $ 10,198 $ 12,537 $ 35,259 $ 38,717 Crushing 3,352 3,220 10,515 9,804 Refined Products and Other 2,929 3,384 9,128 10,302 Total Ag Services and Oilseeds 16,479 19,141 54,902 58,823 Carbohydrate Solutions Starches and Sweeteners 2,448 2,680 7,660 7,697 Vantage Corn Processors 877 901 2,583 3,001 Total Carbohydrate Solutions 3,325 3,581 10,243 10,698 Nutrition Human Nutrition 900 906 2,802 2,884 Animal Nutrition 884 958 2,688 2,907 Total Nutrition 1,784 1,864 5,490 5,791 Other Business 107 97 322 305 Total revenues from external customers $ 21,695 $ 24,683 $ 70,957 $ 75,617 Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Segment operating profit Ag Services and Oilseeds $ 848 $ 1,075 $ 3,112 $ 3,202 Carbohydrate Solutions 460 309 1,036 1,099 Nutrition 138 177 468 605 Other Business 46 18 229 78 Specified Items: Gain (loss) on sales of assets (1) (2) 29 10 30 Impairment and restructuring charges and settlement contingencies (2) (69) (49) (190) (76) Total segment operating profit 1,421 1,559 4,665 4,938 Corporate (390) (329) (1,105) (918) Earnings before income taxes $ 1,031 $ 1,230 $ 3,560 $ 4,020 (1) Consists of gains (losses) related to the sale of certain assets in all periods presented.

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) employee	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) employee	Sep. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Equity Securities, FV-NI and without Readily Determinable Fair Value	$ 493		$ 493			$ 488
Gain (Loss) on Investments	0	$ 0	0	$ 37
Inventory, Raw Materials and Supplies, Net of Reserves	4,273		4,273			6,975
Inventory, Finished Goods, Net of Reserves	6,951		6,951			7,796
Inventories	11,224		11,224			14,771
Accounts Receivable, Allowance for Credit Loss	158	179	158	179	$ 174	$ 199	$ 164	$ 122
Accounts Receivable, Credit Loss Expense (Reversal)	(11)	29	2	73
Accounts Receivable, Allowance for Credit Loss, Recovery			1	1
Accounts Receivable, Allowance for Credit Loss, Writeoff	(3)	(1)	(43)	(6)
Accounts Receivable, Allowance for Credit Loss, Foreign Currency	(2)	(2)	(1)	(4)
Accounts Receivable, Allowance for Credit Loss, Other Adjustments	$ 0	$ (11)	$ 0	$ (7)
UKRAINE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Entity Number of Employees | employee	640		640

New Accounting Standards (Detai

New Accounting Standards (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Payables under Supplier Finance Program	$ 313	$ 196

Revenues (Details)

Revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 21,695	$ 24,683	$ 70,957	$ 75,617
Contract with Customer, Liability [Abstract]
Contract with Customer, Liability	411		411		$ 694
Change in Contract with Customer, Liability [Abstract]
Contract with Customer, Liability, Revenue Recognized	21		694
Ag Services and Oilseeds [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	16,479	19,141	54,902	58,823
Ag Services [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	10,198	12,537	35,259	38,717
Crushing [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	3,352	3,220	10,515	9,804
Refined Products and Other [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	2,929	3,384	9,128	10,302
Carbohydrate Solutions [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	3,325	3,581	10,243	10,698
Starches and sweeteners [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	2,448	2,680	7,660	7,697
VCP [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	877	901	2,583	3,001
Nutrition [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	1,784	1,864	5,490	5,791
Human Nutrition [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	900	906	2,802	2,884
Animal Nutrition [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	884	958	2,688	2,907
Other [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	107	97	322	305
Non MTM Products and Services [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	6,398	7,095	19,873	21,145
Non MTM Products and Services [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	6,224	6,868	19,321	20,534
Non MTM Products and Services [Member] | Transferred over Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	174	227	552	611
Non MTM Products and Services [Member] | Ag Services and Oilseeds [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	1,799	2,239	5,691	6,235
Non MTM Products and Services [Member] | Ag Services and Oilseeds [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	1,625	2,012	5,139	5,624
Non MTM Products and Services [Member] | Ag Services and Oilseeds [Member] | Transferred over Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	174	227	552	611
Non MTM Products and Services [Member] | Ag Services [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	1,154	1,322	3,620	3,689
Non MTM Products and Services [Member] | Ag Services [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	980	1,095	3,068	3,078
Non MTM Products and Services [Member] | Ag Services [Member] | Transferred over Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	174	227	552	611
Non MTM Products and Services [Member] | Crushing [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	118	202	341	455
Non MTM Products and Services [Member] | Crushing [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	118	202	341	455
Non MTM Products and Services [Member] | Refined Products and Other [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	527	715	1,730	2,091
Non MTM Products and Services [Member] | Refined Products and Other [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	527	715	1,730	2,091
Non MTM Products and Services [Member] | Carbohydrate Solutions [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	2,708	2,895	8,370	8,814
Non MTM Products and Services [Member] | Carbohydrate Solutions [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	2,708	2,895	8,370	8,814
Non MTM Products and Services [Member] | Starches and sweeteners [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	1,831	1,994	5,787	5,813
Non MTM Products and Services [Member] | Starches and sweeteners [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	1,831	1,994	5,787	5,813
Non MTM Products and Services [Member] | VCP [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	877	901	2,583	3,001
Non MTM Products and Services [Member] | VCP [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	877	901	2,583	3,001
Non MTM Products and Services [Member] | Nutrition [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	1,784	1,864	5,490	5,791
Non MTM Products and Services [Member] | Nutrition [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	1,784	1,864	5,490	5,791
Non MTM Products and Services [Member] | Human Nutrition [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	900	906	2,802	2,884
Non MTM Products and Services [Member] | Human Nutrition [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	900	906	2,802	2,884
Non MTM Products and Services [Member] | Animal Nutrition [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	884	958	2,688	2,907
Non MTM Products and Services [Member] | Animal Nutrition [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	884	958	2,688	2,907
Non MTM Products and Services [Member] | Other [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	107	97	322	305
Non MTM Products and Services [Member] | Other [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	107	97	322	305
Mark-to-Market Products [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	15,297	17,588	51,084	54,472
Mark-to-Market Products [Member] | Ag Services and Oilseeds [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	14,680	16,902	49,211	52,588
Mark-to-Market Products [Member] | Ag Services [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	9,044	11,215	31,639	35,028
Mark-to-Market Products [Member] | Crushing [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	3,234	3,018	10,174	9,349
Mark-to-Market Products [Member] | Refined Products and Other [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	2,402	2,669	7,398	8,211
Mark-to-Market Products [Member] | Carbohydrate Solutions [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	617	686	1,873	1,884
Mark-to-Market Products [Member] | Starches and sweeteners [Member]
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 617	$ 686	$ 1,873	$ 1,884

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Fair Value Measurements [Line Items]
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss)	$ (297)	$ (394)	$ (1,100)	$ (2,100)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss)	$ 438	$ 481	$ 1,800	$ 2,200
Weighted Average [Member] | Fair Value, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Inventory Related Payables [Member]
Fair Value Measurements [Line Items]
Basis	47.30%		47.30%		15.20%
Weighted Average [Member] | Fair Value, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Inventories Carried At Market [Member]
Fair Value Measurements [Line Items]
Basis	28.10%		28.10%		19.40%

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements At Reporting Date) (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets:
Derivative Asset	$ 2,050	$ 1,704
Liabilities:
Derivative Liability	1,371	1,543
Fair Value, Recurring [Member]
Assets:
Inventories carried at market	6,044	9,041
Cash Equivalents, at Carrying Value	366	405
Restricted Investments, at Fair Value	1,969	1,453
Total Assets	10,429	12,603
Liabilities:
Inventory-related payables	1,157	1,270
Total Liabilities	2,528	2,819
Fair Value, Recurring [Member] | Commodity Contracts [Member]
Assets:
Derivative Asset	1,763	1,337
Liabilities:
Derivative Liability	1,252	1,268
Fair Value, Recurring [Member] | Foreign Exchange Contracts [Member]
Assets:
Derivative Asset	287	258
Liabilities:
Derivative Liability	119	275
Fair Value, Recurring [Member] | Interest Rate Contracts [Member]
Assets:
Derivative Asset		109
Fair Value, Recurring [Member] | Embedded Derivative Financial Instruments [Member]
Liabilities:
Derivative Liability		6
Fair Value, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Assets:
Inventories carried at market	0	0
Cash Equivalents, at Carrying Value	366	405
Restricted Investments, at Fair Value	1,969	1,453
Total Assets	2,335	1,858
Liabilities:
Inventory-related payables	0	0
Total Liabilities	0	0
Fair Value, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Commodity Contracts [Member]
Assets:
Derivative Asset	0	0
Liabilities:
Derivative Liability	0	0
Fair Value, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Foreign Exchange Contracts [Member]
Assets:
Derivative Asset	0	0
Liabilities:
Derivative Liability	0	0
Fair Value, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Interest Rate Contracts [Member]
Assets:
Derivative Asset		0
Fair Value, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Embedded Derivative Financial Instruments [Member]
Liabilities:
Derivative Liability		0
Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets:
Inventories carried at market	3,172	6,281
Cash Equivalents, at Carrying Value	0	0
Restricted Investments, at Fair Value	0	0
Total Assets	4,332	7,444
Liabilities:
Inventory-related payables	1,070	1,181
Total Liabilities	1,892	2,121
Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Commodity Contracts [Member]
Assets:
Derivative Asset	873	796
Liabilities:
Derivative Liability	703	665
Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Foreign Exchange Contracts [Member]
Assets:
Derivative Asset	287	258
Liabilities:
Derivative Liability	119	275
Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Contracts [Member]
Assets:
Derivative Asset		109
Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Embedded Derivative Financial Instruments [Member]
Liabilities:
Derivative Liability		0
Fair Value, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets:
Inventories carried at market	2,872	2,760
Cash Equivalents, at Carrying Value	0	0
Restricted Investments, at Fair Value	0	0
Total Assets	3,762	3,301
Liabilities:
Inventory-related payables	87	89
Total Liabilities	636	698
Fair Value, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Commodity Contracts [Member]
Assets:
Derivative Asset	890	541
Liabilities:
Derivative Liability	549	603
Fair Value, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Foreign Exchange Contracts [Member]
Assets:
Derivative Asset	0	0
Liabilities:
Derivative Liability	$ 0	0
Fair Value, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Interest Rate Contracts [Member]
Assets:
Derivative Asset		0
Fair Value, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Embedded Derivative Financial Instruments [Member]
Liabilities:
Derivative Liability		$ 6

Fair Value Measurements (Reconc

Fair Value Measurements (Reconciliation Of Assets Measured At Fair Value On A Recurring Basis) (Details) - Significant Unobservable Inputs (Level 3) [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	$ 3,745	$ 4,125	$ 3,301	$ 3,464
Total increase (decrease) in unrealized gains included in cost of products sold	465	660	1,781	2,043
Purchases	6,615	13,294	25,190	34,524
Sales	(6,539)	(13,931)	(25,439)	(35,239)
Settlements	(356)	(456)	(1,199)	(1,227)
Transfers into Level 3	385	433	1,827	1,298
Transfers out of Level 3	(553)	(337)	(1,699)	(1,075)
Balance at end of period	3,762	3,788	3,762	3,788
Inventories Carried At Market [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	2,859	3,245	2,760	3,004
Total increase (decrease) in unrealized gains included in cost of products sold	135	315	499	746
Purchases	6,615	13,294	25,190	34,524
Sales	(6,539)	(13,931)	(25,439)	(35,239)
Settlements	0	0	(4)	0
Transfers into Level 3	336	384	1,488	933
Transfers out of Level 3	(534)	(221)	(1,622)	(882)
Balance at end of period	2,872	3,086	2,872	3,086
Commodity Derivative Contracts Gains [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	886	880	541	460
Total increase (decrease) in unrealized gains included in cost of products sold	330	345	1,282	1,297
Purchases	0	0	0	0
Sales	0	0	0	0
Settlements	(356)	(456)	(1,195)	(1,227)
Transfers into Level 3	49	49	339	365
Transfers out of Level 3	(19)	(116)	(77)	(193)
Balance at end of period	$ 890	$ 702	$ 890	$ 702

Fair Value Measurements (Reco_2

Fair Value Measurements (Reconciliation Of Liabilities Measured At Fair Value On A Recurring Basis) (Details) - Significant Unobservable Inputs (Level 3) [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	$ 856	$ 1,026	$ 698	$ 936
Total increase (decrease) in unrealized losses included in cost of products sold	287	386	1,061	2,047
Purchases	29	167	36	176
Sales		(5)		(61)
Settlements	(529)	(634)	(1,270)	(2,363)
Transfers into Level 3	10	57	136	379
Transfers out of Level 3	(17)	(65)	(25)	(182)
Balance at end of period	636	932	636	932
Long-term Debt [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period		11	6	15
Total increase (decrease) in unrealized losses included in cost of products sold		(8)	(6)	(12)
Purchases		0	0	0
Balance at end of period	0	3	0	3
Inventory Related Payables [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	65	55	89	106
Total increase (decrease) in unrealized losses included in cost of products sold	(3)	3	(1)	(1)
Purchases	29	167	36	176
Sales		(5)		(61)
Settlements	0	0	(34)	0
Transfers into Level 3	0	0	1	0
Transfers out of Level 3	(4)	0	(4)	0
Balance at end of period	87	220	87	220
Commodity Derivative Contracts Losses [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	791	960	603	815
Total increase (decrease) in unrealized losses included in cost of products sold	290	391	1,068	2,060
Purchases	0	0	0	0
Sales		0		0
Settlements	(529)	(634)	(1,236)	(2,363)
Transfers into Level 3	10	57	135	379
Transfers out of Level 3	(13)	(65)	(21)	(182)
Balance at end of period	$ 549	$ 709	$ 549	$ 709

Fair Value Measurements (Unobse

Fair Value Measurements (Unobservable Inputs In Level 3 Valuations Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - Weighted Average [Member] - Significant Unobservable Inputs (Level 3) [Member] - Fair Value, Recurring [Member]	Sep. 30, 2023	Dec. 31, 2022
Inventory Related Payables [Member]
Unobservable inputs in Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Basis	47.30%	15.20%
Transportation cost	0%	0%
Commodity Derivative Contracts Losses [Member]
Unobservable inputs in Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Basis	30.40%	26.50%
Transportation cost	21.50%	3.70%
Inventories Carried At Market [Member]
Unobservable inputs in Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Basis	28.10%	19.40%
Transportation cost	19.50%	10.50%
Commodity Derivative Contracts Gains [Member]
Unobservable inputs in Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Basis	36.60%	22.70%
Transportation cost	12%	13.50%

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Narrative) (Details) bu in Millions, $ in Millions, € in Billions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($) bu	Sep. 30, 2022 USD ($)	Sep. 30, 2023 EUR (€)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 USD ($)
Derivative [Line Items]
Corn processed per month (in bushels) | bu	65
Notional Amount of Nonderivative Instruments | €			€ 0.7		€ 1.3
Foreign Debt used in Net Investment Hedge, Net of Tax	$ 240					$ 228
Financing Receivable, Allowance for Credit Loss	3					3
Designated As Hedging Instrument [Member]
Derivative [Line Items]
Unrealized Gain (Loss) on Price Risk Cash Flow Hedges, after Tax, Accumulated Other Comprehensive Income	14					(17)
Interest Rate Derivative Assets, at Fair Value	0					109
Price Risk Cash Flow Hedge Unrealized Gain (Loss) to be Reclassified During Next 12 Months	$ 14
Designated As Hedging Instrument [Member] | Revenues [Member]
Derivative [Line Items]
Interest contracts effective amount recognized in earnings		$ 1		$ 1
Corn [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Derivative Hedged Item Time Period	12 months
Corn [Member] | Minimum [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of anticipated commodity purchases or production hedged during historical hedging period (as a percent)	17%
Percentage of anticipated commodity purchases or production hedged over future hedging period (as a percent)	5%
Corn [Member] | Maximum [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of anticipated commodity purchases or production hedged during historical hedging period (as a percent)	34%
Percentage of anticipated commodity purchases or production hedged over future hedging period (as a percent)	31%
Soybean [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Derivative Hedged Item Time Period	12 months
Soybean [Member] | Minimum [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of anticipated commodity purchases or production hedged during historical hedging period (as a percent)	61%
Percentage of anticipated commodity purchases or production hedged over future hedging period (as a percent)	32%
Soybean [Member] | Maximum [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of anticipated commodity purchases or production hedged during historical hedging period (as a percent)	89%
Percentage of anticipated commodity purchases or production hedged over future hedging period (as a percent)	61%
Natural Gas | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Derivative Hedged Item Time Period	12 months
Natural Gas | Minimum [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of anticipated commodity purchases or production hedged during historical hedging period (as a percent)	70%
Percentage of anticipated commodity purchases or production hedged over future hedging period (as a percent)	37%
Natural Gas | Maximum [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of anticipated commodity purchases or production hedged during historical hedging period (as a percent)	85%
Percentage of anticipated commodity purchases or production hedged over future hedging period (as a percent)	56%
Net Investment Hedging [Member]
Derivative [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	$ 90					79
Net Investment Hedging [Member] | Currency Swap [Member]
Derivative [Line Items]
Derivative Liability, Notional Amount	800					800
Net Investment Hedging [Member] | Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 2,700					2,500
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Interest Expense [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount						$ 400

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Fair Value Of Derivatives Not Designated As Hedging Instruments) (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Not Designated As Hedging Instrument [Member]
Derivative [Line Items]
FX Contracts Assets	$ 191	$ 154
Embedded Derivative, Fair Value of Embedded Derivative Asset	0	0
Commodity Contracts Assets	1,747	1,337
Total fair value of derivative assets not designated as hedging instruments	1,938	1,491
FX Contracts Liabilities	119	275
Commodity Contracts Liabilities	1,252	1,248
Embedded Derivative, Fair Value of Embedded Derivative Liability	0	6
Total fair value of derivative liabilities not designated as hedging instruments.	1,371	1,529
Designated As Hedging Instrument [Member]
Derivative [Line Items]
Interest Rate Derivative Assets, at Fair Value	0	109
Interest Rate Derivative Liabilities, at Fair Value	$ 0	$ 0

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Pre-Tax Gains (Losses) On Derivatives Not Designated As Hedging Instruments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative [Line Items]
Revenues	$ 21,695	$ 24,683	$ 70,957	$ 75,617
Cost of Products Sold	19,885	22,872	65,184	69,809
Other (Income) Expense - Net	(35)	(67)	(116)	(183)
Interest Expense	155	97	482	262
Total gain (loss) recognized in earnings	227	294	957	845
Revenues [Member]
Derivative [Line Items]
FX Contracts	1	(5)	(25)	(30)
Total gain (loss) recognized in earnings	1	(5)	(25)	(30)
Cost of Products Sold [Member]
Derivative [Line Items]
FX Contracts	(38)	6	210	354
Commodity Contracts	168	134	643	95
Total gain (loss) recognized in earnings	130	140	853	449
Interest Expense [Member]
Derivative [Line Items]
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net		8	6	12
Total gain (loss) recognized in earnings	0	8	6	12
Other (Income) Expense - Net [Member]
Derivative [Line Items]
FX Contracts	96	151	123	414
Commodity Contracts	0	0	0	0
Total gain (loss) recognized in earnings	$ 96	$ 151	$ 123	$ 414

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities (Fair Value Of Derivatives Designated As Hedging Instruments) (Details) - Designated As Hedging Instrument [Member] - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Interest Rate Derivative Assets, at Fair Value	$ 0	$ 109
Price Risk Cash Flow Hedge Asset, at Fair Value	16	0
Derivative Instruments in Hedges, Net Investment in Foreign Operations, Assets, Fair Value	96	104
Derivative Instruments in Hedges, Assets, at Fair Value	112	213
Interest Rate Derivative Liabilities, at Fair Value	0	0
Price Risk Fair Value Hedge Liability, at Fair Value	0	20
Derivative Instruments in Hedges, Net Investment in Foreign Operations, Liabilities, Fair Value	0	0
Derivative Instruments in Hedges, Liabilities, at Fair Value	$ 0	$ 20

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities (Pre-Tax Gains (Losses) On Derivatives Designated As Hedging Instruments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments, Gains (Loss) [Line Items]
Revenues	$ 21,695	$ 24,683	$ 70,957	$ 75,617
Cost of Products Sold	19,885	22,872	65,184	69,809
Interest Expense	155	97	482	262
Other (Income) Expense - Net	(35)	(67)	(116)	(183)
Designated As Hedging Instrument [Member]
Derivative Instruments, Gains (Loss) [Line Items]
Gain (Loss) on Hedging Activity	(132)	118	(277)	366
Designated As Hedging Instrument [Member] | Revenues [Member]
Derivative Instruments, Gains (Loss) [Line Items]
Interest contracts effective amount recognized in earnings		1		1
Gain (Loss) on Hedging Activity	0	1	0	1
Commodity Contracts effective amount recognized in earnings	0	0	0	0
Designated As Hedging Instrument [Member] | Cost of Products Sold [Member]
Derivative Instruments, Gains (Loss) [Line Items]
Gain (Loss) on Hedging Activity	(132)	117	(277)	365
Commodity Contracts effective amount recognized in earnings	$ (132)	$ 117	$ (277)	$ 365

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Other Assets [Abstract]
Derivative Asset	$ 2,050		$ 2,050		$ 1,704
Margin Deposit Assets	675		675		723
Receivables from Customers	1,021		1,021		1,309
Financing Receivable, after Allowance for Credit Loss	215		215		235
Premiums Receivable, Net	39		39		54
Prepaid Expense, Current	614		614		443
Biodiesel tax credit	271		271		68
Tax receivables	315		315		616
Other Receivables	352		352		361
Other current assets	66		66		153
Total other current assets	5,618		5,618		5,666
Financing Receivable, Allowance for Credit Loss	3		3		$ 3
Interest on financing receivables	$ 4	$ 3	$ 14	$ 11

Accrued Expenses And Other Pa_3

Accrued Expenses And Other Payables (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Accrued Liabilities and Other Liabilities [Abstract]
Derivative Liability	$ 1,371	$ 1,543
Employee-related Liabilities	387	475
Accrued Income Taxes, Current	234	248
Accrual for Taxes Other than Income Taxes, Current	185	136
Liability for Claims and Claims Adjustment Expense	78	223
Contract with Customer, Liability	411	694
Accrued expenses and other payables	1,475	1,476
Total accrued expenses and other payables	$ 4,141	$ 4,795
Accrued Expenses And Other Payables	Accrued Expenses and Other Payables The following table sets forth the items in accrued expenses and other payables: September 30, December 31, 2023 2022 (In millions) Unrealized losses on derivative contracts $ 1,371 $ 1,543 Accrued compensation 387 475 Income tax payable 234 248 Other taxes payable 185 136 Insurance claims payable 78 223 Contract liability 411 694 Other accruals and payables 1,475 1,476 $ 4,141 $ 4,795

Debt And Financing Arrangemen_2

Debt And Financing Arrangements (Narrative) (Details) € in Millions, $ in Millions		9 Months Ended	12 Months Ended
	Apr. 03, 2023 USD ($)	Sep. 30, 2023 EUR (€)	Dec. 31, 2022 EUR (€)	Sep. 30, 2023 USD ($)	Aug. 28, 2023 USD ($)	Jun. 23, 2023 EUR (€)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Notional Amount of Nonderivative Instruments | €		€ 700	€ 1,300
Fair Value of Debt Below Carrying Value				$ 700
Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				13,500
Unused lines of credit				11,700
Commercial Paper [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				5,000
Commercial Paper				10
Accounts Receivable Securitization Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				3,000
Unused lines of credit				1,300
Foreign Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 750			$ 500
Notes Four Point Five Percent Due 2033
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	Apr. 03, 2023
Debt Instrument, Face Amount	$ 500
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Proceeds from Issuance of Unsecured Debt	$ 493
Debt Instrument, Maturity Date	Aug. 15, 2033
One Point Seventy Five Percent Notes Due 2023
Debt Instrument [Line Items]
Debt Instrument, Repurchased Face Amount | €						€ 600
Debt Instrument, Interest Rate, Stated Percentage						1.75%
Bonds Zero Percent Due 2023
Debt Instrument [Line Items]
Debt Instrument, Repurchased Face Amount					$ 300
Debt Instrument, Interest Rate, Stated Percentage					0%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Contingency [Line Items]
Effective income tax rate	20.10%	15.70%	17.90%	16.90%
Minimum corporate income tax rate			15%
Argentine Tax Authorities [Member]
Income Tax Contingency [Line Items]
Income tax assessment	$ 3		$ 3
Income tax assessment - Interest and Penalties	13		13
Tax and Customs Administration, Netherlands [Member]
Income Tax Contingency [Line Items]
Income tax assessment	86		86
Additional income tax assessment - Interest and Penalties	$ 32		$ 32

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (AOCI) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance of Accumulated Other Comprehensive Income (Loss) at Beginning of Period	$ (2,433)	$ (2,509)
Other comprehensive income (loss) before reclassifications	(389)	(342)
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	149	19
Amounts reclassified from AOCI	129	239
Other comprehensive income (loss), tax, portion attributable to parent	(67)	(18)
Other Comprehensive Income (Loss), Net of Tax	(178)	(102)
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	(2,611)	(2,611)
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance of Accumulated Other Comprehensive Income (Loss) at Beginning of Period	(2,402)	(2,622)
Other comprehensive income (loss) before reclassifications	(393)	(71)
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	149	19
Amounts reclassified from AOCI	0	0
Other comprehensive income (loss), tax, portion attributable to parent	(36)	(8)
Other Comprehensive Income (Loss), Net of Tax	(280)	(60)
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	(2,682)	(2,682)
Deferred Gain (Loss) On Hedging Activities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance of Accumulated Other Comprehensive Income (Loss) at Beginning of Period	39	148
Other comprehensive income (loss) before reclassifications	(4)	(290)
Amounts reclassified from AOCI	132	277
Other comprehensive income (loss), tax, portion attributable to parent	(28)	4
Other Comprehensive Income (Loss), Net of Tax	100	(9)
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	139	139
Pension Liability Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance of Accumulated Other Comprehensive Income (Loss) at Beginning of Period	(63)	(22)
Other comprehensive income (loss) before reclassifications	3	6
Amounts reclassified from AOCI	(3)	(38)
Other comprehensive income (loss), tax, portion attributable to parent	(3)	(12)
Other Comprehensive Income (Loss), Net of Tax	(3)	(44)
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	(66)	(66)
Unrealized Gain (Loss) On Investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance of Accumulated Other Comprehensive Income (Loss) at Beginning of Period	(7)	(13)
Other comprehensive income (loss) before reclassifications	5	13
Amounts reclassified from AOCI	0	0
Other comprehensive income (loss), tax, portion attributable to parent	0	(2)
Other Comprehensive Income (Loss), Net of Tax	5	11
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	$ (2)	$ (2)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (AOCI) Components (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Earnings Before Income Taxes	$ (1,031)	$ (1,230)	$ (3,560)	$ (4,020)
Income taxes	(207)	(193)	(636)	(679)
Net Earnings Including Noncontrolling Interests	(824)	(1,037)	(2,924)	(3,341)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Deferred (Gain) Loss On Hedging Activities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Earnings Before Income Taxes	132	(118)	277	(366)
Income taxes	29	(17)	55	(69)
Net Earnings Including Noncontrolling Interests	103	(101)	222	(297)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Pension Liability Adjustment [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Earnings Before Income Taxes	(3)	0	(38)	23
Income taxes	3	0	12	8
Net Earnings Including Noncontrolling Interests	(6)	0	(50)	15
Revenues [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Deferred (Gain) Loss On Hedging Activities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	0	(1)	0	(1)
Cost of Products Sold [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Deferred (Gain) Loss On Hedging Activities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	132	(117)	277	(365)
Other (Income) Expense - Net [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Pension Liability Adjustment [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Prior Service Cost (Credit)	(4)	(10)	(21)	(114)
Actuarial Losses	$ 1	$ 10	$ (17)	$ 137

Other (Income) Expense (Details

Other (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Gain (Loss) on Sale and Revaluation of Assets	$ 1	$ 35	$ 33	$ 40
Other - net	34	32	83	143
Other (Income) Expense - Net	(35)	(67)	(116)	(183)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	$ (4)	(7)	$ (13)	(19)
VCP [Member]
Segment Reporting Information [Line Items]
Other - net		$ 50		$ 50

Segment Information (Narrative)

Segment Information (Narrative) (Details)	9 Months Ended
	Sep. 30, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information (Segment In

Segment Information (Segment Information) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Information
Revenues	$ 21,695	$ 24,683	$ 70,957	$ 75,617
Earnings Before Income Taxes	1,031	1,230	3,560	4,020
Ag Services and Oilseeds [Member]
Segment Information
Revenues	16,479	19,141	54,902	58,823
Ag Services [Member]
Segment Information
Revenues	10,198	12,537	35,259	38,717
Crushing [Member]
Segment Information
Revenues	3,352	3,220	10,515	9,804
Refined Products and Other [Member]
Segment Information
Revenues	2,929	3,384	9,128	10,302
Carbohydrate Solutions [Member]
Segment Information
Revenues	3,325	3,581	10,243	10,698
Starches and sweeteners [Member]
Segment Information
Revenues	2,448	2,680	7,660	7,697
VCP [Member]
Segment Information
Revenues	877	901	2,583	3,001
Nutrition [Member]
Segment Information
Revenues	1,784	1,864	5,490	5,791
Human Nutrition [Member]
Segment Information
Revenues	900	906	2,802	2,884
Animal Nutrition [Member]
Segment Information
Revenues	884	958	2,688	2,907
Other [Member]
Segment Information
Revenues	107	97	322	305
Operating Segments [Member]
Segment Information
Earnings Before Income Taxes	1,421	1,559	4,665	4,938
Operating Segments [Member] | Ag Services and Oilseeds [Member]
Segment Information
Revenues	17,643	20,238	58,421	61,838
Earnings Before Income Taxes	848	1,075	3,112	3,202
Operating Segments [Member] | Carbohydrate Solutions [Member]
Segment Information
Revenues	3,484	4,070	11,579	12,750
Earnings Before Income Taxes	460	309	1,036	1,099
Operating Segments [Member] | Nutrition [Member]
Segment Information
Revenues	1,851	1,900	5,721	5,921
Earnings Before Income Taxes	138	177	468	605
Operating Segments [Member] | Other [Member]
Segment Information
Revenues	107	97	322	305
Earnings Before Income Taxes	46	18	229	78
Intersegment Elimination [Member]
Segment Information
Revenues	(1,390)	(1,622)	(5,086)	(5,197)
Intersegment Elimination [Member] | Ag Services and Oilseeds [Member]
Segment Information
Revenues	(1,164)	(1,097)	(3,519)	(3,015)
Intersegment Elimination [Member] | Carbohydrate Solutions [Member]
Segment Information
Revenues	(159)	(489)	(1,336)	(2,052)
Intersegment Elimination [Member] | Nutrition [Member]
Segment Information
Revenues	(67)	(36)	(231)	(130)
Corporate, Non-Segment [Member]
Segment Information
Earnings Before Income Taxes	(390)	(329)	(1,105)	(918)
Other (Income) Expense - Net [Member] | Segment Reconciling Items [Member]
Segment Information
Earnings Before Income Taxes	(2)	29	10	30
Asset impairment, restructuring, and settlement [Member] | Segment Reconciling Items [Member]
Segment Information
Earnings Before Income Taxes	$ (69)	$ (49)	$ (190)	$ (76)

Asset Impairment, Exit, and R_2

Asset Impairment, Exit, and Restructuring Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Asset Impairment Charges And Exit Costs [Line Items]
Asset Impairment Charges	$ 74	$ 16	$ 120	$ 20
Restructuring Charges	3	$ 12	21	12
Impairment of Intangible Assets (Excluding Goodwill)	37		62
Corporate, Non-Segment [Member]
Asset Impairment Charges And Exit Costs [Line Items]
Restructuring Charges	$ 2		$ 5	$ (2)

Sale of Accounts Receivable (Na

Sale of Accounts Receivable (Narrative) (Details) $ in Millions, € in Billions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 EUR (€)	Dec. 31, 2022 USD ($)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Transfer of Financial Assets Accounted for as Sales, Fair Value of Derecognized Assets	$ 1,700		$ 1,700			$ 2,600
Proceeds from Sale of Other Receivables			40,700	$ 42,100
Loss on transfer of accounts receivables to purchasers	11	$ 4	45	12
Amount of receivables sold			41,200	$ 42,900
Accounts Receivable, after Allowance for Credit Loss, Current	4,443		4,443			4,926
Asset Pledged as Collateral without Right
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Accounts Receivable, after Allowance for Credit Loss, Current	1,300		1,300			$ 600
Accounts Receivable Securitization Facility [Member]
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	3,000		3,000
First Purchasers [Member] | Accounts Receivable Securitization Facility [Member]
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	1,900		1,900
Second Purchasers [Member] | Accounts Receivable Securitization Facility [Member]
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100		$ 1,100		€ 1