v3.26.3
Revenues
 9 Months Ended
Sep. 30, 2026
Revenues [Abstract]  
Revenues Revenues
The following tables present additional information on revenue from external customers for the three and nine months ended September 30, 2026 and 2025 (in millions).
Three Months Ended September 30, 2026Three Months Ended September 30, 2025
Topic 606Topic 815TotalTopic 606Topic 815Total
RevenueRevenueRevenuesRevenueRevenueRevenues
Ag Services and Oilseeds
Ag Services$1,252 $9,380 $10,632 $1,221 $9,055 $10,276 
Crushing97 3,133 3,230 130 2,450 2,580 
Refined Products and Other986 2,597 3,583 875 1,882 2,757 
Total Ag Services and Oilseeds2,335 15,110 17,445 2,226 13,387 15,613 
Carbohydrate Solutions
Starches and Sweeteners1,424 597 2,021 1,436 569 2,005 
Vantage Corn Processors917 — 917 729 — 729 
Total Carbohydrate Solutions2,341 597 2,938 2,165 569 2,734 
Nutrition
Human Nutrition1,042 — 1,042 1,067 — 1,067 
Animal Nutrition795 — 795 849 — 849 
Total Nutrition1,837 — 1,837 1,916 — 1,916 
Total Segment Revenues6,513 15,707 22,220 6,307 13,956 20,263 
Other Business115 — 115 109 — 109 
Total Revenues$6,628 $15,707 $22,335 $6,416 $13,956 $20,372 
Nine Months Ended September 30, 2026Nine Months Ended September 30, 2025
Topic 606Topic 815Total
Topic 606
Topic 815Total
RevenueRevenueRevenues
Revenue
RevenueRevenues
Ag Services and Oilseeds
Ag Services$3,528 $29,243 $32,771 $3,493 $28,215 $31,708 
Crushing367 8,640 9,007 316 7,531 7,847 
Refined Products and Other2,812 6,772 9,584 2,622 5,380 8,002 
Total Ag Services and Oilseeds6,707 44,655 51,362 6,431 41,126 47,557 
Carbohydrate Solutions
Starches and Sweeteners4,336 1,695 6,031 4,359 1,683 6,042 
Vantage Corn Processors2,223 — 2,223 2,054 — 2,054 
Total Carbohydrate Solutions6,559 1,695 8,254 6,413 1,683 8,096 
Nutrition
Human Nutrition3,185 — 3,185 3,226 — 3,226 
Animal Nutrition2,359 — 2,359 2,500 — 2,500 
Total Nutrition5,544 — 5,544 5,726 — 5,726 
Total Segment Revenues18,810 46,350 65,160 18,570 42,809 61,379 
Other Business346 — 346 334 — 334 
Total Revenues$19,156 $46,350 $65,506 $18,904 $42,809 $61,713 

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, wholesome ingredients including edible beans, ancient grains and seeds, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, postbiotics, enzymes, botanical extracts, 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 revenues are recognized on the date the transaction is executed.