The following table presents financial information for the Company’s reportable segments and significant expenses regularly provided to the CODM:


	Three Months Ended March 31, 2026
(In millions)	Protein Solutions		Prepared Food and Beverage Solutions		Total
Revenue	$	460	$	476
Less:
Cost of sales	289		318
Research and development	11		7
Other segment items (1)	94		112
Add:
Depreciation and amortization	34		31
Segment Adjusted EBITDA	$	100	$	70	$	170
Less:
Interest expense, net					10
Other (income)					(2)

Restructuring related costs					(2)
M&A related costs					8
Depreciation and amortization					68
Unallocated amounts:
Corporate expense (2)					28
Income before income taxes					$	60
Capital expenditures					$	26

(1) Other segment items for each reportable segment include operating expenses, which primarily consist of selling, general and administrative expenses and corporate and shared service expenses allocated to each segment based upon benefits received. Other segment items exclude the impact of restructuring, M&A and other one-time related costs as they do not reflect the ongoing operations of the underlying business.

(2) Corporate expense is primarily comprised of unallocated selling, general and administrative expenses and activity that does not meet the criteria of a reportable segment. Corporate expense excludes the impact of depreciation and amortization, restructuring, M&A and other one-time related and non-operating costs shown separately in the table above.