Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Net sales to affiliated and unaffiliated customers by reportable segment and All Other was as follows:


	Three Months Ended March 31, 2026
	T&HS		F&II–LATAM		F&II–U.S./Canada		All Other		Corporate		Total
Segment net sales	$	626	$	589	$	502	$	125	$	—
Inter-segment net sales	(9)		(10)		(27)		(4)		—
Net sales to unaffiliated customers	$	617	$	579	$	475	$	121	$	—	$	1,792
Segment cost of sales	$	437	$	433	$	418	$	103	$	—
Other operating expenses	80		31		23		15		40
Adjusted operating income (loss)	$	100	$	115	$	34	$	3	$	(40)	$	212
Unallocated (costs) (i)											(9)
Operating income											$	203

	Three Months Ended March 31, 2025
	T&HS		F&II–LATAM		F&II–U.S./Canada		All Other		Corporate		Total
Segment net sales	$	611	$	586	$	553	$	121	$	—
Inter-segment net sales	(9)		(13)		(33)		(3)		—
Net sales to unaffiliated customers	$	602	$	573	$	520	$	118	$	—	$	1,813
Segment cost of sales	$	426	$	420	$	405	$	101	$	—
Other operating expenses	77		26		23		17		45
Adjusted operating income (loss)	$	99	$	127	$	92	$	—	$	(45)	$	273
Unallocated income (i)											3
Operating income											$	276


	Three Months Ended March 31,
(i) Unallocated (costs) income:	2026		2025

Restructuring costs	$	(11)	$	(1)
Other matters	2		10
Impairment charges	—		(6)
Total unallocated (costs) income	$	(9)	$	3

Property, plant and equipment, net by reportable segment and All Other was as follows:


	As of March 31, 2026		As of December 31, 2025
Texture & Healthful Solutions	$	984	$	979
Food & Industrial Ingredients–LATAM	605		592
Food & Industrial Ingredients–U.S./Canada	625		612
All Other (i)	347		343
Total property, plant and equipment, net	$	2,561	$	2,526

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(i)For purposes of presentation, All Other includes Corporate assets.