Our equity method investments, which require us to use the equity method of accounting, include our 49% joint venture equity ownership in Ingrear Holding S.A. (“Argentina joint venture”). In June 2025, we entered into a joint venture agreement with Agrana Stärke GmbH (“Agrana”). The joint venture agreement (“Agrana joint venture”) provided us with 49% equity interest in the joint venture for the development of starch production in Romania. In exchange for our stake in the Agrana joint venture, we paid $19 million, subject to customary adjustments as a condition to closing. We recorded our investment in the Agrana joint venture under the equity method of accounting and and will recognize our share of net income from this joint venture one month in arrears in the Texture & Healthful Solutions segment. Equity earnings from our equity method investments are recorded in other operating (income) expense, net in the Condensed Consolidated Statements of Income.