v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
The following tables present data by reportable segment (in millions).

Three Months Ended September 30, 2026
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers$17,445 $2,938 $1,837 $22,220 
Other Business115 
Total consolidated revenue$22,335 
Less:
Cost of materials15,595 1,712 1,098 
Manufacturing costs967 700 327 
Selling, general, and administrative expenses236 88 291 
Other segment items (1)
(131)(32)(13)
Segment operating profit$778 $470 $134 $1,382 
Reconciliation of segment operating profit
Other Business121 
Corporate(470)
Specified items:
Impairment, exit, restructuring charges, and settlement contingencies(36)
Earnings Before Income Taxes$997 

(1) Other segment items for each reportable segment include Equity in the earnings of affiliates, interest and investment income/expense, and other income/expense, as applicable.
Nine Months Ended September 30, 2026
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers$51,362 $8,254 $5,544 $65,160 
Other Business346 
Total consolidated revenue$65,506 
Less:
Cost of materials46,388 4,764 3,267 
Manufacturing costs2,801 2,082 983 
Selling, general, and administrative expenses674 275 882 
Other segment items (1)
(419)(103)(29)
Segment operating profit$1,918 $1,236 $441 $3,595 
Reconciliation of segment operating profit
Other Business255 
Corporate(1,353)
Specified items:
Gains on sales of assets and businesses83 
Impairment, exit, restructuring charges, and settlement contingencies(56)
ADM's share of equity method investment non-recurring (charges)(55)
Earnings Before Income Taxes$2,469 

(1) Other segment items for each reportable segment include Equity in the earnings of affiliates, interest and investment income/expense, and other income/expense, as applicable.
Three Months Ended September 30, 2025
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers$15,613 $2,734 $1,916 $20,263 
Other Business109 
Total consolidated revenue$20,372 
Less:
Cost of materials14,238 1,700 1,181 
Manufacturing costs879 652 332 
Selling, general, and administrative expenses216 80 277 
Other segment items (1)
(99)(34)(4)
Segment operating profit$379 $336 $130 $845 
Reconciliation of segment operating profit
Other Business55 
Corporate (2)
(532)
Specified items:
Gains on sales of assets and businesses31 
Impairment, exit, restructuring charges, and settlement contingencies(89)
ADM's share of equity method investment penalty charge (3)
(163)
Earnings Before Income Taxes$147 

(1) Other segment items for each reportable segment include Equity in the earnings of affiliates, interest and investment income/expense, and other income/expense, as applicable.

(2) Includes a $173 million impairment charge related to previously capitalized internal-use software, presented as a specified item.

(3) Represents a charge recorded by the Company related to its share of a penalty imposed on Wilmar during the three months ended September 30, 2025.
Nine Months Ended September 30, 2025
Ag Services
and Oilseeds		Carbohydrate
Solutions		NutritionTotal
Revenue from external customers$47,557 $8,096 $5,726 $61,379 
Other Business334 
Total consolidated revenue$61,713 
Less:
Cost of materials43,518 5,046 3,535 
Manufacturing costs2,626 1,977 977 
Selling, general, and administrative expenses631 245 839 
Other segment items (1)
(388)(84)35 
Segment operating profit$1,170 $912 $340 $2,422 
Reconciliation of segment operating profit
Other Business245 
Corporate (2)
(1,472)
Specified items:
Gains on sales of assets and businesses39 
Impairment, exit, restructuring charges, and settlement contingencies(361)
Gain on contract termination69 
ADM's share of equity method investment penalty charge (3)
(163)
Earnings Before Income Taxes$779 

(1) Other segment items for each reportable segment include Equity in the earnings of affiliates, interest and investment income/expense, and other income/expense, as applicable.

(2) Includes a $173 million impairment charge related to previously capitalized internal-use software, presented as a specified item.

(3) Represents a charge recorded by the Company related to its share of a penalty imposed on Wilmar during the nine months ended September 30, 2025.
(In millions)Three Months Ended September 30,Nine Months Ended
September 30,
2026202520262025
Intersegment sales
Ag Services and Oilseeds$480 $418 $1,390 $1,345 
Carbohydrate Solutions233 223 625 629 
Nutrition14 16 41 48 
Total intersegment sales$727 $657 $2,056 $2,022 
Depreciation expense
Ag Services and Oilseeds$101 $105 $305 $308 
Carbohydrate Solutions80 75 235 225 
Nutrition44 42 127 117 
Total segment depreciation expense
225 222 667 650 
Other Business
2 2 8 7 
Corporate11 10 30 29 
Total depreciation expense
$238 $234 $705 $686 
Amortization expense
Ag Services and Oilseeds$3 $3 $9 $9 
Carbohydrate Solutions1 1 4 4 
Nutrition38 39 114 117 
Total segment amortization expense
42 43 127 130 
Corporate16 18 49 58 
Total amortization expense
$58 $61 $176 $188 
Interest and investment income (expense)
Ag Services and Oilseeds$11 $10 $45 $40 
Carbohydrate Solutions— — 1 — 
Nutrition— — — (88)
Total segment interest and investment income (expense)11 10 46 (48)
Other Business
91 109 284 306 
Corporate(3)2 10 (69)
Total interest and investment income (expense)$99 $121 $340 $189 
Equity in earnings (loss) of unconsolidated affiliates
Ag Services and Oilseeds
$116 $(77)$267 $142 
Carbohydrate Solutions29 27 94 77 
Nutrition11 9 24 21 
Total segment equity in earnings of unconsolidated affiliates156 (41)385 240 
Corporate1 — 3 (3)
Total equity in earnings (loss) of unconsolidated affiliates$157 $(41)$388 $237