v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of segment reporting information by segment
Net sales to affiliated and unaffiliated customers by reportable segment and All Other was as follows:
Three Months Ended June 30, 2025
T&HSF&II - LATAMF&II - U.S./CanadaAll OtherCorporateTotal
Segment net sales$608 $610 $550 $119 $— 
Inter-segment net sales(9)(14)(27)(4)— 
Net sales to unaffiliated customers$599 $596 $523 $115 $— $1,833 
Segment cost of sales$407 $434 $417 $98 $— 
Other operating expenses81 35 20 18 50 
Adjusted operating income (loss)$111 $127 $86 $(1)$(50)$273 
Unallocated costs (i)
(2)
Operating income$271 
Three Months Ended June 30, 2024
T&HSF&II - LATAMF&II - U.S./CanadaAll OtherCorporateTotal
Segment net sales$604 $640 $580 $109 $— 
Inter-segment net sales(16)(10)(25)(4)— 
Net sales to unaffiliated customers$588 $630 $555 $105 $— $1,878 
Segment cost of sales$428 $471 $428 $97 $— 
Other operating expenses74 29 22 18 41 
Adjusted operating income (loss)$86 $130 $105 $(10)$(41)$270 
Unallocated costs (i)
(30)
Operating income$240 
Six Months Ended June 30, 2025
T&HSF&II - LATAMF&II - U.S./CanadaAll OtherCorporateTotal
Segment net sales$1,219 $1,196 $1,103 $240 $— 
Inter-segment net sales(18)(27)(60)(7)— 
Net sales to unaffiliated customers$1,201 $1,169 $1,043 $233 $— $3,646 
Segment cost of sales$833 $854 $822 $199 $— 
Other operating expenses158 61 43 35 95 
Adjusted operating income (loss)$210 $254 $178 $(1)$(95)$546 
Unallocated income (i)
Operating income$547 
Six Months Ended June 30, 2024
T&HSF&II - LATAMF&II - U.S./CanadaAll OtherCorporateTotal
Segment net sales$1,216 $1,266 $1,147 $240 $— 
Inter-segment net sales(31)(20)(51)(7)— 
Net sales to unaffiliated customers$1,185 $1,246 $1,096 $233 $— $3,760 
Segment cost of sales$878 $939 $862 $210 $— 
Other operating expenses147 76 42 37 83 
Adjusted operating income (loss)$160 $231 $192 $(14)$(83)$486 
Unallocated costs (i)
(33)
Operating income$453 
Three Months Ended June 30,Six Months Ended June 30,
(i) Unallocated (costs) income:
2025202420252024
Restructuring and resegmentation costs(3)(3)(4)(6)
Impairment charges— (18)(6)(18)
Other matters(9)11 (9)
Total unallocated (costs) income$(2)$(30)$$(33)
Property, plant and equipment, net by reportable segment and All Other was as follows:
As of
June 30, 2025
As of
December 31, 2024
Texture & Healthful Solutions$921 $884 
Food & Industrial Ingredients - LATAM550 508 
Food & Industrial Ingredients - U.S./Canada574 556 
All Other (i)
316 316 
Total property, plant and equipment, net$2,361 $2,264 
_____________________
(i)For purposes of presentation, All Other includes Corporate assets.