v3.26.1
Revenues
 6 Months Ended
Jun. 30, 2026
Revenues [Abstract]  
Revenues Revenues
The following tables present revenue disaggregated by category and reportable segments and subsegments for the three and six months ended June 30, 2026 and 2025 (in millions).
Three Months Ended June 30, 2026Three Months Ended June 30, 2025
Topic 606Topic 815TotalTopic 606Topic 815Total
RevenueRevenueRevenuesRevenueRevenueRevenues
Ag Services and Oilseeds
Ag Services$1,113 $10,423 $11,536 $1,024 $9,872 $10,896 
Crushing132 2,950 3,082 86 2,543 2,629 
Refined Products and Other953 2,345 3,298 895 1,849 2,744 
Total Ag Services and Oilseeds2,198 15,718 17,916 2,005 14,264 16,269 
Carbohydrate Solutions
Starches and Sweeteners1,503 577 2,080 1,539 561 2,100 
Vantage Corn Processors677 — 677 692 — 692 
Total Carbohydrate Solutions2,180 577 2,757 2,231 561 2,792 
Nutrition
Human Nutrition1,118 — 1,118 1,161 — 1,161 
Animal Nutrition784 — 784 832 — 832 
Total Nutrition1,902 — 1,902 1,993 — 1,993 
Total Segment Revenues6,280 16,295 22,575 6,229 14,825 21,054 
Other Business106 — 106 112 — 112 
Total Revenues$6,386 $16,295 $22,681 $6,341 $14,825 $21,166 
Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Topic 606Topic 815Total
Topic 606
Topic 815Total
RevenueRevenueRevenues
Revenue
RevenueRevenues
Ag Services and Oilseeds
Ag Services$2,275 $19,864 $22,139 $2,272 $19,160 $21,432 
Crushing269 5,508 5,777 185 5,082 5,267 
Refined Products and Other1,827 4,174 6,001 1,747 3,498 5,245 
Total Ag Services and Oilseeds4,371 29,546 33,917 4,204 27,740 31,944 
Carbohydrate Solutions
Starches and Sweeteners2,912 1,098 4,010 2,923 1,114 4,037 
Vantage Corn Processors1,306 — 1,306 1,325 — 1,325 
Total Carbohydrate Solutions4,218 1,098 5,316 4,248 1,114 5,362 
Nutrition
Human Nutrition2,142 — 2,142 2,159 — 2,159 
Animal Nutrition1,565 — 1,565 1,651 — 1,651 
Total Nutrition3,707 — 3,707 3,810 — 3,810 
Total Segment Revenues12,296 30,644 42,940 12,262 28,854 41,116 
Other Business231 — 231 225 — 225 
Total Revenues$12,527 $30,644 $43,171 $12,487 $28,854 $41,341 

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. Physically settled derivative sales contracts primarily relate to forward commodity sales that meet the definition of a derivative under Topic 815.

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 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.

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, consistent with the recognition principles under Topic 606. 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 generates revenue from the sale of 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, consistent with the recognition principles under Topic 606. 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.
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.