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&HS | | F&II - LATAM | | F&II - U.S./Canada | | All Other | | Corporate | | Total | 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 expenses | | 81 | | | 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&HS | | F&II - LATAM | | F&II - U.S./Canada | | All Other | | Corporate | | Total | 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 expenses | | 74 | | | 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&HS | | F&II - LATAM | | F&II - U.S./Canada | | All Other | | Corporate | | Total | 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 expenses | | 158 | | | 61 | | | 43 | | | 35 | | | 95 | | | | Adjusted operating income (loss) | | $ | 210 | | | $ | 254 | | | $ | 178 | | | $ | (1) | | | $ | (95) | | | $ | 546 | | Unallocated income (i) | | | | | | | | | | | | 1 | | Operating income | | | | | | | | | | | | $ | 547 | | | | | Six Months Ended June 30, 2024 | | | T&HS | | F&II - LATAM | | F&II - U.S./Canada | | All Other | | Corporate | | Total | 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 expenses | | 147 | | | 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: | | | | | | 2025 | | 2024 | | | | | | 2025 | | 2024 | | | | | | | | | | | | | | | | | | Restructuring and resegmentation costs | | | | | | (3) | | | (3) | | | | | | | (4) | | | (6) | | Impairment charges | | | | | | — | | | (18) | | | | | | | (6) | | | (18) | | Other matters | | | | | | 1 | | | (9) | | | | | | | 11 | | | (9) | | Total unallocated (costs) income | | | | | | $ | (2) | | | $ | (30) | | | | | | | $ | 1 | | | $ | (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 - LATAM | | 550 | | | 508 | | Food & Industrial Ingredients - U.S./Canada | | 574 | | | 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.
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