v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
The following tables present data by reportable segment (in millions).

Three Months Ended June 30, 2026
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers$17,916 $2,757 $1,902 $22,575 
Other Business106 
Total consolidated revenue$22,681 
Less:
Cost of materials16,031 1,591 1,115 
Manufacturing costs940 691 326 
Selling, general, and administrative expenses229 96 300 
Other segment items (1)
(151)(32)(11)
Segment operating profit$867 $411 $172 $1,450 
Reconciliation of segment operating profit
Other Business80 
Corporate(460)
Specified items:
Gains on sales of assets and businesses21 
Impairment, exit, restructuring charges, and settlement contingencies(3)
Earnings Before Income Taxes$1,088 

(1) Other segment items for each reportable segment include:
Ag Services and Oilseeds: Equity in the earnings of affiliates; interest and investment income/expense; and other income/expense.

Carbohydrate Solutions: Equity in the earnings of affiliates and other income/expense.

Nutrition: Equity in the earnings of affiliates; interest and investment income/expense; and other income/expense.
Six Months Ended June 30, 2026
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers$33,917 $5,316 $3,707 $42,940 
Other Business231 
Total consolidated revenue$43,171 
Less:
Cost of materials30,793 3,052 2,169 
Manufacturing costs1,834 1,383 655 
Selling, general, and administrative expenses439 186 592 
Other segment items (1)
(289)(72)(16)
Segment operating profit$1,140 $767 $307 $2,214 
Reconciliation of segment operating profit
Other Business133 
Corporate(883)
Specified items:
Gains on sales of assets and businesses83 
Impairment, exit, restructuring charges, and settlement contingencies(20)
ADM's share of equity method investment non-recurring (charges)(55)
Earnings Before Income Taxes$1,472 

(1) Other segment items for each reportable segment include:
Ag Services and Oilseeds: Equity in the earnings of affiliates; interest and investment income/expense; and other     income/expense.

Carbohydrate Solutions: Equity in the earnings of affiliates and other income/expense.

Nutrition: Equity in the earnings of affiliates; interest and investment income/expense; and other income/expense.
Three Months Ended June 30, 2025
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers$16,269 $2,792 $1,993 $21,054 
Other Business112 
Total consolidated revenue$21,166 
Less:
Cost of materials14,940 1,745 1,214 
Manufacturing costs867 647 326 
Selling, general, and administrative expenses223 83 284 
Other segment items (1)
(140)(20)55 
Segment operating profit$379 $337 $114 $830 
Reconciliation of segment operating profit
Other Business94 
Corporate(498)
Specified items:
Gains on sales of assets and businesses8 
Impairment, exit, restructuring charges, and settlement contingencies(224)
Gain on contract termination69 
Earnings Before Income Taxes$279 

(1) Other segment items for each reportable segment include:
Ag Services and Oilseeds: Equity in the earnings of affiliates; interest and investment income/expense; and other income/expense.

Carbohydrate Solutions: Equity in the earnings of affiliates and other income/expense.

Nutrition: Equity in the earnings of affiliates and other income/expense.
Six Months Ended June 30, 2025
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers$31,944 $5,362 $3,810 $41,116 
Other Business225 
Total consolidated revenue$41,341 
Less:
Cost of materials29,280 3,347 2,354 
Manufacturing costs1,747 1,325 645 
Selling, general, and administrative expenses415 165 562 
Other segment items (1)
(289)(51)39 
Segment operating profit$791 $576 $210 $1,577 
Reconciliation of segment operating profit
Other Business190 
Corporate(939)
Specified items:
Gains on sales of assets and businesses8 
Impairment, exit, restructuring charges, and settlement contingencies(273)
Gain on contract termination69 
Earnings Before Income Taxes$632 

(1) Other segment items for each reportable segment include:
Ag Services and Oilseeds: Equity in the earnings of affiliates; interest and investment income/expense; and other income/expense.

Carbohydrate Solutions: Equity in the earnings of affiliates and other income/expense.

Nutrition: Equity in the earnings of affiliates and other income/expense.
(In millions)Three Months Ended June 30,Six Months Ended
June 30,
2026202520262025
Intersegment sales
Ag Services and Oilseeds$488 $506 $910 $927 
Carbohydrate Solutions194 207 392 406 
Nutrition13 14 28 33 
Total intersegment sales$695 $727 $1,330 $1,366 
Depreciation expense
Ag Services and Oilseeds$103 $104 $204 $203 
Carbohydrate Solutions76 75 155 150 
Nutrition41 38 83 75 
Total segment depreciation expense
220 217 442 428 
Other Business
3 2 6 5 
Corporate10 9 19 19 
Total depreciation expense
$233 $228 $467 $452 
Amortization expense
Ag Services and Oilseeds$3 $3 $6 $6 
Carbohydrate Solutions1 1 2 2 
Nutrition38 39 77 78 
Total segment amortization expense
42 43 85 86 
Corporate18 20 34 40 
Total amortization expense
$60 $63 $119 $126 
Interest and investment (income) expense
Ag Services and Oilseeds$10 $9 $34 $31 
Carbohydrate Solutions— — 1 — 
Nutrition— (88)— (88)
Total segment interest and investment (income) expense10 (79)35 (57)
Other Business
99 100 193 197 
Corporate7 (91)13 (72)
Total interest and investment (income) expense$116 $(70)$241 $68 
Equity in earnings of unconsolidated affiliates
Ag Services and Oilseeds
$102 $109 $151 $219 
Carbohydrate Solutions31 21 65 50 
Nutrition8 5 13 12 
Total segment equity in earnings of unconsolidated affiliates141 135 229 281 
Corporate1 (1)2 (3)
Total equity in earnings of unconsolidated affiliates$142 $134 $231 $278