v3.26.1
Revenues
 3 Months Ended
Mar. 31, 2026
Revenues [Abstract]  
Revenues Revenues
The following tables present revenue disaggregated by timing of recognition and reportable segments and subsegments for the three months ended March 31, 2026 and 2025 (in millions).

Three Months Ended March 31, 2026
Topic 606 RevenueTopic 815Total
Point in TimeOver TimeTotal
Revenue (1)
Revenues
Ag Services and Oilseeds
Ag Services$981 $182 $1,163 $9,441 $10,604 
Crushing137 — 137 2,558 2,695 
Refined Products and Other872 — 872 1,830 2,702 
Total Ag Services and Oilseeds1,990 182 2,172 13,829 16,001 
Carbohydrate Solutions
Starches and Sweeteners1,409 — 1,409 522 1,931 
Vantage Corn Processors628 — 628 — 628 
Total Carbohydrate Solutions2,037 — 2,037 522 2,559 
Nutrition
Human Nutrition1,025 — 1,025 — 1,025 
Animal Nutrition780 — 780 — 780 
Total Nutrition1,805 — 1,805 — 1,805 
Total Segment Revenues5,832 182 6,014 14,351 20,365 
Other Business125 — 125 — 125 
Total Revenues$5,957 $182 $6,139 $14,351 $20,490 
Three Months Ended March 31, 2025
Topic 606 RevenueTopic 815Total
Point in TimeOver TimeTotal
Revenue (1)
Revenues
Ag Services and Oilseeds
Ag Services$1,041 $207 $1,248 $9,288 $10,536 
Crushing100 — 100 2,539 2,639 
Refined Products and Other851 — 851 1,649 2,500 
Total Ag Services and Oilseeds1,992 207 2,199 13,476 15,675 
Carbohydrate Solutions
Starches and Sweeteners1,384 — 1,384 553 1,937 
Vantage Corn Processors634 — 634 — 634 
Total Carbohydrate Solutions2,018 — 2,018 553 2,571 
Nutrition
Human Nutrition998 — 998 — 998 
Animal Nutrition819 — 819 — 819 
Total Nutrition1,817 — 1,817 — 1,817 
Total Segment Revenues5,827 207 6,034 14,029 20,063 
Other Business112 — 112 — 112 
Total Revenues$5,939 $207 $6,146 $14,029 $20,175 

(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 commodity sales, service fees related to the transportation of goods, sales of products manufactured in its global processing facilities, and structured trade finance activities. Revenue from physically settled derivative sales contracts primarily relates to forward sales of commodities where such contracts meet the definition of a derivative under ASC 815. Revenue from such commodities contracts is recognized at a point in time, upon transferring control of the commodity to the customer, consistent with the recognition principles under Topic 606. Revenue for deferred price contracts that allow for pricing to be determined after title of the goods has passed to the customer may be recognized when the price is determined. For transportation service contracts, the Company recognizes revenue over time as the transportation service is performed in accordance with the transfer of control guidance of Topic 606.

Carbohydrate Solutions

The Carbohydrate Solutions segment generates revenue from the sale of products manufactured at the Company’s corn and wheat milling facilities around the world. Revenue is recognized when control over products is transferred to the customer. 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.

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, postbiotics, 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.
Other Business

Other Business includes ADM Investor Services, the Company’s futures commission business, which primarily generates its revenue through 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 provides captive insurance services to the Company's reportable segments.