Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Dec. 31, 2021	Feb. 16, 2022	Jun. 30, 2021
Class of Stock [Line Items]
Document Period End Date	Dec. 31, 2021
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Entity File Number	1-44
Entity Registrant Name	ARCHER-DANIELS-MIDLAND CO
City Area Code	312
Local Phone Number	634-8100
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-0129150
Entity Address, Address Line One	77 West Wacker Drive, Suite 4600
Entity Address, City or Town	Chicago,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60601
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 33.7
Entity Common Stock, Shares Outstanding		562,166,572
Documents Incorporated by Reference	Portions of the Registrant’s definitive proxy statement relating to its 2022 annual meeting of stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Such proxy statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
Entity Central Index Key	0000007084
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	Ernst & Young LLP
Auditor Location	Saint Louis, Missouri
Auditor Firm ID	42
Common Stock [Member]
Class of Stock [Line Items]
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	ADM
Security Exchange Name	NYSE
Debt Securities [Member]
Class of Stock [Line Items]
Title of 12(b) Security	1.000% Notes due 2025
No Trading Symbol Flag	true
Security Exchange Name	NYSE

Consolidated Statements Of Earnings - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Revenues	$ 85,249	$ 64,355	$ 64,656
Cost of products sold	79,262	59,902	60,509
Gross Profit	5,987	4,453	4,147
Selling, general and administrative expenses	2,994	2,687	2,493
Asset impairment, exit, and restructuring costs	164	80	303
Interest expense	265	339	402
Equity in earnings of unconsolidated affiliates	(595)	(579)	(454)
(Gain) Loss on Extinguishment of Debt	36	409	0
Investment income	(96)	(111)	(196)
Other Nonoperating Income (Expense)	(94)	(255)	11
Earnings Before Income Taxes	3,313	1,883	1,588
Income tax expense	578	101	209
Net Earnings Including Noncontrolling Interests	2,735	1,782	1,379
Less: Net earnings (losses) attributable to noncontrolling interests	26	10	0
Net Earnings Attributable to Controlling Interests	$ 2,709	$ 1,772	$ 1,379
Average number of shares outstanding - basic	564	561	563
Average number of shares outstanding - diluted	566	565	565
Basic earnings per common share (dollars per share)	$ 4.80	$ 3.16	$ 2.45
Diluted earnings per common share (dollars per share)	$ 4.79	$ 3.15	$ 2.44

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net earnings including noncontrolling interests	$ 2,735	$ 1,782	$ 1,379
Other Comprehensive Income (Loss), Before tax
Foreign currency translation adjustment, before tax	279	(362)	(176)
Pension and other postretirement benefit liabilities adjustment, before tax	289	(113)	(98)
Other Comprehensive Income (Loss), Cash Flow Hedge And Net Investment Hedge, Gain (Loss), Before Reclassification, Before Tax	33	254	(91)
Unrealized gain (loss) on investments, before tax	(2)	(27)	13
Other Comprehensive Income (Loss), Tax
Foreign currency translation adjustment, tax effect	(103)	97	(12)
Pension and other postretirement benefit liabilities adjustment, tax effect	(71)	16	50
Other Comprehensive Income (Loss), Cash Flow Hedge And Net Investment Hedge, Gain (Loss), After Reclassification Adjustment, Tax	7	(57)	18
Unrealized gain (loss) on investments, tax effect	0	0	(1)
Other Comprehensive Income (Loss), Net of Tax
Foreign currency translation adjustment, net of tax	176	(265)	(188)
Pension and other postretirement benefit liabilities adjustment, net of tax	218	(97)	(48)
Other Comprehensive Income (Loss), Cash Flow Hedge And Net Investment Hedge, Gain (Loss), After Reclassification Adjustment, After Tax	40	197	(73)
Unrealized gain (loss) on investments, net of tax	(2)	(27)	12
Other comprehensive income (loss)	432	(192)	(297)
Comprehensive income (loss)	3,167	1,590	1,082
Less: Comprehensive income (loss) attributable to noncontrolling interests	26	17	2
Comprehensive income (loss) attributable to controlling interests	$ 3,141	$ 1,573	$ 1,080

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current Assets
Cash and cash equivalents	$ 943	$ 666
Cash and Securities Segregated under Federal and Other Regulations	8,016	5,890
Trade receivables - net	3,311	2,793
Inventories	14,481	11,713
Other current assets	5,158	6,224
Total Current Assets	31,909	27,286
Investments and Other Assets
Investments in and advances to affiliates	5,285	4,913
Goodwill and other intangible assets	6,747	5,585
Operating Lease, Right-of-Use Asset	1,023	1,102
Other assets	1,369	1,054
Total Investments and Other Assets	14,424	12,654
Property, Plant, and Equipment
Land and Land Improvements	554	545
Buildings	5,597	5,522
Machinery and equipment	19,112	19,154
Construction in progress	960	946
Gross Property, Plant, and Equipment	26,223	26,167
Accumulated depreciation	(16,420)	(16,388)
Net Property, Plant, and Equipment	9,803	9,779
Total Assets	56,136	49,719
Current Liabilities
Short-term debt	958	2,042
Trade payables	6,388	4,474
Payables to brokerage customers	8,965	6,460
Operating Lease, Liability, Current	277	261
Accrued expenses and other payables	4,790	4,943
Current maturities of long-term debt	570	2
Total Current Liabilities	21,948	18,182
Long-Term Liabilities
Long-term debt	8,011	7,885
Deferred income taxes	1,412	1,302
Operating Lease, Liability, Noncurrent	765	863
Other	1,233	1,391
Total Long-Term Liabilities	11,421	11,441
Redeemable Noncontrolling Interest, Equity, Carrying Amount	259	74
Shareholders’ Equity
Common stock	2,994	2,824
Reinvested earnings	21,655	19,780
Accumulated other comprehensive income (loss)	(2,172)	(2,604)
Noncontrolling interests	31	22
Total Shareholders’ Equity	22,508	20,022
Total Liabilities, Temporary Equity, and Shareholders’ Equity	$ 56,136	$ 49,719

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Cash Flows [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities	$ 276	$ 345	$ 388
Operating Activities
Net earnings including noncontrolling interests	2,735	1,782	1,379
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities
Depreciation and amortization	996	976	993
Asset impairment charges	125	54	142
Deferred income taxes	(129)	75	21
Equity in earnings of affiliates, net of dividends	(177)	(298)	(213)
Stock compensation expense	161	151	89
Deferred Cash Flow Hedges	34	254	(91)
(Gain) Loss on Extinguishment of Debt	36	409	0
(Gain) loss on sale and revaluation of assets	(149)	(161)	39
Other – net	309	(113)	(73)
Changes in operating assets and liabilities, net of acquisitions and dispositions
Segregated investments	(400)	(408)	(278)
Trade receivables	(578)	(149)	287
Inventories	(2,839)	(2,426)	(21)
Increase (Decrease) in Accounts Receivable from Securitization	0	(4,603)	(7,681)
Other current assets	1,298	(2,126)	(1,449)
Trade payables	1,919	694	(64)
Payables to brokerage customers	2,527	1,400	347
Accrued expenses and other payables	(73)	1,287	565
Total Operating Activities	6,595	(2,386)	(5,452)
Investing Activities
Capital expenditures	(1,169)	(823)	(828)
Net assets of businesses acquired	(1,564)	(15)	(1,946)
Proceeds from sales of assets and businesses	245	728	293
Payments to Acquire Equity Method Investments	(34)	(5)	(13)
Payments to Acquire Retained Interest in Securitized Receivables	0	(2,121)	(5,398)
Proceeds from Collection of Retained Interest in Securitized Receivables	0	6,724	13,079
Purchases of marketable securities	0	2	27
Proceeds from sales of marketable securities	1	6	104
Other – net	(148)	(27)	(5)
Total Investing Activities	(2,669)	4,465	5,259
Financing Activities
Long-term debt borrowings	1,329	1,791	8
Long-term debt payments	(534)	(2,136)	(626)
Net borrowings (payments) under lines of credit agreements	(1,085)	837	919
Share repurchases	0	(133)	(150)
Cash dividends	(834)	(809)	(789)
Other – net	6	27	(22)
Total Financing Activities	(1,118)	(423)	(660)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	2,808	1,656	(853)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Start	4,646	2,990	3,843
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period End	7,454	4,646	2,990
Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to consolidated balance sheets [Abstract]
Cash and cash equivalents	943	666	852
Restricted cash and cash equivalents included in segregated cash and investments	6,511	3,980	2,138
Cash paid for interest and income taxes were as follows:
Income taxes	553	195	268
Noncash or Part Noncash Acquisition, Investments Acquired	$ 0	$ 4,656	$ 7,751

Consolidated Statements Of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjusted Balance	Previously Reported	Common Stock [Member]	Reinvested Earnings [Member]	Reinvested Earnings [Member] Cumulative Effect, Period of Adoption, Adjusted Balance	Reinvested Earnings [Member] Previously Reported	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
Balance at Dec. 31, 2018	$ 18,996			$ 2,560	$ 18,527			$ (2,106)	$ 15
Balance, shares at Dec. 31, 2018				559
Comprehensive income
Net earnings	1,379				1,379				0
Other comprehensive income (loss)	(297)							(299)	2
Total comprehensive income	$ 1,082
Common Stock, Dividends, Per Share, Cash Paid	$ 1.40
Cash dividends paid	$ (789)				(789)
Treasury stock purchases, shares				(4)
Treasury stock purchases	(150)				(150)
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture				2
Stock compensation expense	89			$ 89
Other	(3)			$ 6	(9)				0
Other, shares				0
Balance at Dec. 31, 2019	19,225	$ 19,217		$ 2,655	18,958	$ 18,950		(2,405)	17
Balance (Accounting Standards Update 2019-05) at Dec. 31, 2019	(8)				(8)
Balance, shares at Dec. 31, 2019				557
Comprehensive income
Net earnings	1,782				1,772				10
Other comprehensive income (loss)	(192)							(199)	7
Total comprehensive income	$ 1,590
Common Stock, Dividends, Per Share, Cash Paid	$ 1.44
Cash dividends paid	$ (809)				(809)
Stock Repurchased During Period, Shares				(4)
Stock Repurchased During Period, Value	(133)				(133)
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture				2
Stock compensation expense	151			$ 151
Other	6			$ 18	0				(12)
Other, shares				1
Balance at Dec. 31, 2020	20,022		$ 20,022	$ 2,824			$ 19,780	(2,604)	22
Balance, shares at Dec. 31, 2020				556
Comprehensive income
Net earnings	2,735				2,709				26
Other comprehensive income (loss)	432							432	0
Total comprehensive income	$ 3,167
Common Stock, Dividends, Per Share, Cash Paid	$ 1.48
Cash dividends paid	$ (834)				(834)
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture				3
Stock compensation expense	161			$ 161
Other	(8)			$ 9	0				(17)
Other, shares				1
Balance at Dec. 31, 2021	$ 22,508			$ 2,994	$ 21,655			$ (2,172)	$ 31
Balance, shares at Dec. 31, 2021				560

Consolidated Statements Of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends paid (dollars per share)	$ 1.48	$ 1.44	$ 1.40

Summary Of Significant Accounting Policies

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

Summary of Significant Accounting Policies

Nature of Business

ADM unlocks the power of nature to provide access to nutrition worldwide. The Company is a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. ADM’s breadth, depth, insights, facilities and logistical expertise give the Company unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, ADM enriches the quality of life the world over.

The Company transforms natural products into staple foods, sustainable, renewable industrial products, and an expansive pantry of food and beverage ingredients and solutions for foods and beverages, supplements, nutrition for pets and livestock and more. And with an array of unparalleled capabilities across every part of the global food chain, ADM gives its customers an edge in solving global challenges of today and tomorrow. At ADM, sustainable practices and a focus on environmental responsibility are not separate from its primary business: they are integral to the work the Company does every day to serve customers and create value for shareholders. The Company is one of the world’s leading producers of ingredients for human and animal nutrition, and other products made from nature.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated. The Company consolidates all entities, including variable interest entities (VIEs), in which it has a controlling financial interest. For VIEs, the Company assesses whether it is the primary beneficiary as defined under the applicable accounting standard. Investments in affiliates, including VIEs through which the Company exercises significant influence but does not control the investee and is not the primary beneficiary of the investee’s activities, are carried at cost plus equity in undistributed earnings since acquisition and are adjusted, where appropriate, for basis differences between the investment balance and the underlying net assets of the investee. The Company’s portion of the results of certain affiliates and results of certain VIEs are included using the most recent available financial statements. In each case, the financial statements are within 93 days of the Company’s year-end and are consistent from period to period.

Use of Estimates

The preparation of consolidated financial statements in conformity with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect amounts reported in its consolidated financial statements and accompanying notes. Actual results could differ from those estimates.

Reclassifications

During the year ended December 31, 2021, the Company recorded revaluation gains on cost method investments of $49 million in connection with observable third-party transactions in investment income (previously interest income) in the consolidated statements of earnings. Revaluation gains previously recorded in other (income) expense - net of $23 million and $4 million in the years ended December 31, 2020 and 2019, respectively, were reclassified to conform to the current presentation.

Effective December 31, 2021, the Company reported $87 million of intangible assets in process in goodwill and other intangible assets in the consolidated balance sheets. Intangible assets in process previously reported in construction in progress in property, plant, and equipment of $172 million as of December 31, 2020 were reclassified to conform to the current presentation.

Cash Equivalents

The Company considers all non-segregated, highly-liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents.

Segregated Cash and Investments

The Company segregates certain cash, cash equivalents, and investment balances in accordance with regulatory requirements, commodity exchange requirements, and insurance arrangements. These balances represent deposits received from customers of the Company’s registered futures commission merchant and commodity brokerage services, cash margins and securities pledged to commodity exchange clearinghouses, and cash pledged as security under certain insurance arrangements. Segregated cash and investments also include restricted cash collateral for the various insurance programs of the Company’s captive insurance business. To the degree these segregated balances are comprised of cash and cash equivalents, they are considered restricted cash and cash equivalents on the statement of cash flows.

Receivables

The Company records accounts receivable at net realizable value. This value includes an allowance for estimated uncollectible accounts of $122 million and $100 million at December 31, 2021 and 2020, respectively, to reflect any loss anticipated on the accounts receivable balances including any accrued interest receivables thereon. Long-term receivables recorded in other assets were not material to the Company’s overall receivables portfolio.

Effective January 1, 2020, the Company adopted Accounting Standards Codification (ASC) Topic 326, Financial Instruments - Credit Losses (Topic 326), and developed a new methodology for estimating uncollectible accounts. Under this methodology, receivables are pooled according to type, region, credit risk rating, and age. Each pool is assigned an expected loss co-efficient to arrive at a general reserve based on historical write-offs adjusted, as needed, for regional, economic, and other forward-looking factors. The Company minimizes credit risk due to the large and diversified nature of its worldwide customer base. ADM manages its exposure to counter-party credit risk through credit analysis and approvals, credit limits, and monitoring procedures. The Company recorded a cumulative effect adjustment to retained earnings at January 1, 2020 of $8 million as a result of the adoption of Topic 326.

The Company recorded bad debt expense in selling, general, and administrative expenses of $32 million, $47 million, and $23 million in the years ended December 31, 2021, 2020, and 2019, respectively.

Inventories

Inventories of certain merchandisable agricultural commodities, which include inventories acquired under deferred pricing contracts, are stated at market value. In addition, the Company values certain inventories using the first-in, first-out (FIFO) method at the lower of cost or net realizable value. Prior to January 1, 2020, the Company also valued certain of its agricultural commodity inventories using the last-in, first-out (LIFO) method at the lower of cost or net realizable value.

Effective January 1, 2020, the Company changed the method of accounting for certain of its agricultural commodity inventories from the LIFO method to market value in the Ag Services and Oilseeds segment. The Company believes market value is preferable because it: (i) conforms to the inventory valuation methodology used for the majority of ADM’s agricultural commodity inventories; (ii) enhances the matching of inventory costs with revenues and better reflects the current cost of inventory on the Company’s balance sheet; and (iii) provides better comparability with the Company’s peers.

The Company concluded that the accounting change did not have a material effect on prior periods’ financial statements and elected not to apply the change on a retrospective basis. As a result, the Company recorded a reduction in cost of products sold of $91 million ($69 million after tax, equal to $0.12 per diluted share) for the cumulative effect of the change in the year ended December 31, 2020 with no impact to the statement of cash flows. The change did not have a material impact on the Company’s results for the year ended December 31, 2020.

If the Company had not made the accounting change, the effect of LIFO valuation on ADM’s operating results would have been an increase in cost of goods sold of $147 million ($113 million after tax, equal to $0.20 per diluted share) in the year ended December 31, 2020, with no impact to the consolidated statement of cash flows.

The following table sets forth the Company’s inventories as of December 31, 2021 and 2020.


	December 31, 2021		December 31, 2020
	(In millions)
FIFO inventories	$	4,260	$	3,310
Market inventories	9,769		7,941
Supplies and other inventories	452		462
Total inventories	$	14,481	$	11,713

Fair Value Measurements

The Company determines fair value based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company uses the market approach valuation technique to measure the majority of its assets and liabilities carried at fair value. Three levels are established within the fair value hierarchy that may be used to report fair value: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Observable inputs, including Level 1 prices that have been adjusted; quoted prices for similar assets or liabilities; quoted prices in markets that are less active than traded exchanges; and other inputs that are observable or can be substantially corroborated by observable market data. Level 3: Unobservable inputs that are supported by little or no market activity and that are a significant component of the fair value of the assets or liabilities. In evaluating the significance of fair value inputs, the Company generally classifies assets or liabilities as Level 3 when their fair value is determined using unobservable inputs that individually or when aggregated with other unobservable inputs, represent more than 10% of the fair value of the assets or liabilities. Judgment is required in evaluating both quantitative and qualitative factors in the determination of significance for purposes of fair value level classification. Level 3 amounts can include assets and liabilities whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as assets and liabilities for which the determination of fair value requires significant management judgment or estimation.

Based on historical experience with the Company’s suppliers and customers, the Company’s own credit risk and knowledge of current market conditions, the Company does not view nonperformance risk to be a significant input to fair value for the majority of its forward commodity purchase and sale contracts. However, in certain cases, if the Company believes the nonperformance risk to be a significant input, the Company records estimated fair value adjustments, and classifies the measurement in Level 3.

In many cases, a valuation technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy. The lowest level of input that is a significant component of the fair value measurement determines the placement of the entire fair value measurement in the hierarchy. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the classification of fair value assets and liabilities within the fair value hierarchy levels.

The Company’s policy regarding the timing of transfers between levels, including both transfers into and transfers out of Level 3, is to measure and record the transfers at the end of the reporting period.

Derivatives

The Company recognizes all of its derivative instruments as either assets or liabilities at fair value in its consolidated balance sheet. Unrealized gains are reported as other current assets and unrealized losses are reported as accrued expenses and other payables. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and on the type of hedging relationship. The majority of the Company’s derivatives have not been designated as hedging instruments, and as such, changes in fair value of these derivatives are recognized in earnings immediately. For those derivative instruments that are designated and qualify as hedging instruments, the Company designates the hedging instrument, based upon the exposure being hedged, as a cash flow hedge or a net investment hedge.

For derivative instruments that are designated and qualify as highly-effective cash flow hedges (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive income (loss) (AOCI) and as an operating activity in the statement of cash flows and reclassified into earnings in the same line item affected by the hedged transaction and in the same period or periods during which the hedged transaction affects earnings. Hedge components excluded from the assessment of effectiveness and gains and losses related to discontinued hedges are recognized in the consolidated statement of earnings during the current period.

For derivative instruments that are designated and qualify as net investment hedges, foreign exchange gains and losses related to changes in foreign currency exchange rates are deferred in AOCI until the underlying investment is divested.

Cost Method Investments

Cost method investments of $297 million and $178 million as of December 31, 2021 and 2020, respectively, are included in Other Assets in the Company’s consolidated balance sheets. Revaluation gains of $49 million, $23 million, and $4 million for the years ended December 31, 2021, 2020, and 2019, respectively, in connection with observable third-party transactions, are recorded in investment income in the Company's consolidated statements of earnings.

Property, Plant, and Equipment

Property, plant, and equipment are recorded at cost. Repair and maintenance costs are expensed as incurred. The Company generally uses the straight-line method in computing depreciation for financial reporting purposes and generally uses accelerated methods for income tax purposes. The annual provisions for depreciation have been computed principally in accordance with the following ranges of asset lives: buildings - 15 to 40 years; machinery and equipment - 3 to 40 years. The Company capitalized interest on major construction projects in progress of $17 million, $14 million, and $15 million for the years ended December 31, 2021, 2020, and 2019, respectively.

Income Taxes

The Company accounts for income taxes in accordance with the liability method. Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and reported amounts in the consolidated financial statements using statutory rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recorded in the results of operations in the period that includes the enactment date under the law. Applicable accounting standards prescribe a minimum threshold a tax position is required to meet before being recognized in the consolidated financial statements. The Company recognizes in its consolidated financial statements tax positions determined more likely than not to be sustained upon examination, based on the technical merits of the position.

The Company classifies interest on income tax-related balances as interest expense and classifies tax-related penalties as selling, general, and administrative expenses.

Goodwill and other intangible assets

Goodwill and other intangible assets deemed to have indefinite lives are not amortized but are subject to annual impairment tests. Definite-lived intangible assets, including capitalized expenses related to the Company’s 1ADM program such as third-party configuration costs and internal labor, are amortized over their estimated useful lives of 1 to 50 years and are reviewed for impairment whenever there are indicators that the carrying value of the assets may not be fully recoverable. The Company’s accounting policy is to evaluate goodwill and other intangible assets with indefinite lives for impairment on October 1 of each fiscal year or whenever there are indicators that the carrying value of the assets may not be fully recoverable. The Company recorded impairment charges totaling $52 million related to goodwill and other intangibles, $26 million related to customer lists, and $11 million related goodwill and other intangibles during the years ended December 31, 2021, 2020, and 2019, respectively (see Note 9 for additional information).

Asset Abandonments and Write-Downs

The Company evaluates long-lived assets for impairment whenever indicators of impairment exist. In addition, assets are written down to fair value after consideration of the Company’s ability to utilize the assets for their intended purpose, employ the assets in alternative uses, or sell the assets to recover the carrying value. Fair value is generally based on discounted cash flow analysis which relies on management’s estimate of market participant assumptions or estimated selling price for assets considered held for sale (a Level 3 measurement under applicable accounting standards). During 2020, the Company temporarily idled certain of its corn processing assets where ethanol is produced and performed a quantitative impairment assessment of those assets, resulting in no impairment charges. The Company restarted these idled facilities in April 2021. The total carrying value of the temporarily idled assets as of December 31, 2020 was immaterial. During the years ended December 31, 2021, 2020, and 2019, asset abandonment and impairment charges were $73 million, $28 million, and $131 million, respectively.

Payables to Brokerage Customers

Payables to brokerage customers represent the total of customer accounts at the Company’s futures commission merchant with credit or positive balances. Customer accounts are used primarily in connection with commodity transactions and include gains and losses on open commodity trades as well as securities and other deposits made for margins or other purposes as required by the Company or the exchange-clearing organizations or counterparties. Payables to brokerage customers have a corresponding balance in segregated cash and investments and customer omnibus receivable in other current assets.

Revenues

The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance obligation by transferring control over a product or service to a customer. For transportation service contracts, the Company recognizes revenue over time as the barge, ocean-going vessel, truck, rail, or container freight moves towards its destination in accordance with the transfer of control guidance of ASC Topic 606, Revenue from Contracts with Customers (“Topic 606”). For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by ASC 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets (“Topic 610-20”).

Stock Compensation

The Company recognizes expense for its stock compensation based on the fair value of the awards that are granted. The Company’s stock compensation plans provide for the granting of restricted stock, restricted stock units, performance stock units, and stock options. The fair values of stock options and performance stock units are estimated at the date of grant using the Black-Scholes option valuation model and a lattice valuation model, respectively. These valuation models require the input of subjective assumptions. Measured compensation cost, net of forfeitures, is recognized ratably over the vesting period of the related stock compensation award.

Research and Development

Costs associated with research and development are expensed as incurred. Such costs incurred, net of expenditures subsequently reimbursed by government grants, were $171 million, $160 million, and $154 million for the years ended December 31, 2021, 2020, and 2019, respectively.

Per Share Data

Basic earnings per common share are determined by dividing net earnings attributable to controlling interests by the weighted average number of common shares outstanding. In computing diluted earnings per share, average number of common shares outstanding is increased by common stock options outstanding with exercise prices lower than the average market price of common shares using the treasury share method.

Business Combinations

The Company’s acquisitions are accounted for in accordance with ASC Topic 805, Business Combinations, as amended. The consideration transferred is allocated to various assets acquired and liabilities assumed at their estimated fair values as of the acquisition date with the residual allocated to goodwill. Fair values allocated to assets acquired and liabilities assumed in business combinations require management to make significant judgments, estimates, and assumptions, especially with respect to intangible assets. Management makes estimates of fair values based upon assumptions it believes to be reasonable. These estimates are based upon historical experience and information obtained from the management of the acquired companies and are inherently uncertain. The estimated fair values related to intangible assets primarily consist of customer relationships, trademarks, and developed technology which are determined primarily using discounted cash flow models. Estimates in the discounted cash flow models include, but are not limited to, certain assumptions that form the basis of the forecasted results (e.g. revenue growth rates, customer attrition rates, and royalty rates). These significant assumptions are forward looking and could be affected by future economic and market conditions. During the measurement period, which may take up to one year from the acquisition date, adjustments due to changes in the estimated fair value of assets acquired and liabilities assumed may be recorded as adjustments to the consideration transferred and the related allocations. Upon the conclusion of the measurement period or the final determination of the values of assets acquired and liabilities assumed, whichever comes first, any such adjustments are charged to the consolidated statements of earnings. The Company accounts for any redeemable noncontrolling interest in temporary equity - redeemable noncontrolling interest at redemption value with periodic changes recorded in retained earnings.

Adoption of New Accounting Standards

Effective January 1, 2021, the Company adopted the amended guidance of ASC Topic 740, Income Taxes (Topic 740), which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also simplify and improve consistent application of other areas of Topic 740. The adoption of the amended guidance did not have a significant impact on the Company’s consolidated financial statements.

Pending Accounting Standards

Through December 31, 2022, the Company has the option to adopt the amended guidance of ASC Topic 848, Reference Rate Reform, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amended guidance do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The Company plans to adopt the expedients and exceptions provided by the amended guidance before the December 31, 2022 expiry date and does not expect the adoption of the amended guidance to have an impact on the consolidated financial statements.

Effective January 1, 2023, the Company will be required to adopt the amended guidance of ASC Topic 805, Business Combinations, which improves comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. The amended guidance requires an entity (acquirer) to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. Early adoption is permitted. The Company does not expect the adoption of this amended guidance to have a significant impact on its consolidated financial statements.

Revenues Revenues

12 Months Ended

Dec. 31, 2021

Revenues [Abstract]

Revenue from Contract with Customer [Text Block]

Revenues

Revenue Recognition

The Company principally generates revenue from merchandising and transporting agricultural commodities, and manufacturing products for use in food, beverages, feed, energy, and industrial applications, and ingredients and solutions for human and animal nutrition. Revenue is measured based on the consideration specified in the contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance obligation by transferring control over a product or service to a customer. The majority of the Company’s contracts with customers have one performance obligation and a contract duration of one year or less. The Company applies the practical expedient in paragraph 10-50-14 of Topic 606 and does not disclose information about remaining performance obligations that have original expected durations of one year or less. For transportation service contracts, the Company recognizes revenue over time as the barge, ocean-going vessel, truck, rail, or container freight moves towards its destination in accordance with the transfer of control guidance of Topic 606. The Company recognized revenue from transportation service contracts of $606 million, $423 million, and $515 million for the years ended December 31, 2021, 2020, and 2019, respectively. For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by ASC 610-20.

Shipping and Handling Costs

Shipping and handling costs related to contracts with customers for the sale of goods are accounted for as a fulfillment activity and are included in cost of products sold. Accordingly, amounts billed to customers for such costs are included as a component of revenues.

Taxes Collected from Customers and Remitted to Governmental Authorities

The Company does not include taxes assessed by governmental authorities that are (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers, in the measurement of transactions prices or as a component of revenues and cost of products sold.

Contract Liabilities

Contract liabilities relate to advance payments from customers for goods and services that the Company has yet to provide. Contract liabilities of $581 million and $626 million as of December 31, 2021 and 2020, respectively, were recorded in accrued expenses and other payables in the consolidated balance sheet. Contract liabilities recognized as revenues for the years ended December 31, 2021 and 2020 were $626 million and $604 million, respectively.

Disaggregation of Revenues

The following tables present revenue disaggregated by timing of recognition and major product lines for the years ended December 31, 2021, 2020, and 2019.


	Year Ended December 31, 2021
	Topic 606 Revenue						Topic 815(1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
	(In millions)
Ag Services and Oilseeds
Ag Services	$	2,831	$	606	$	3,437	$	41,580	$	45,017
Crushing	441		—		441		10,927		11,368
Refined Products and Other	2,458		—		2,458		8,204		10,662
Total Ag Services and Oilseeds	5,730		606		6,336		60,711		67,047
Carbohydrate Solutions
Starches and Sweeteners	5,866		—		5,866		1,745		7,611
Vantage Corn Processors	3,499		—		3,499		—		3,499
Total Carbohydrate Solutions	9,365		—		9,365		1,745		11,110
Nutrition
Human Nutrition	3,189		—		3,189		—		3,189
Animal Nutrition	3,523		—		3,523		—		3,523
Total Nutrition	6,712		—		6,712		—		6,712

Other Business	380		—		380		—		380
Total Revenues	$	22,187	$	606	$	22,793	$	62,456	$	85,249


	Year Ended December 31, 2020
	Topic 606 Revenue						Topic 815(1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
	(In millions)
Ag Services and Oilseeds
Ag Services	$	3,108	$	423	$	3,531	$	29,195	$	32,726
Crushing	467		—		467		9,126		9,593
Refined Products and Other	2,095		—		2,095		5,302		7,397
Total Ag Services and Oilseeds	5,670		423		6,093		43,623		49,716
Carbohydrate Solutions
Starches and Sweeteners	4,756		—		4,756		1,631		6,387
Vantage Corn Processors	2,085		—		2,085		—		2,085
Total Carbohydrate Solutions	6,841		—		6,841		1,631		8,472
Nutrition
Human Nutrition	2,812		—		2,812		—		2,812
Animal Nutrition	2,988		—		2,988		—		2,988
Total Nutrition	5,800		—		5,800		—		5,800

Other Business	367		—		367		—		367
Total Revenues	$	18,678	$	423	$	19,101	$	45,254	$	64,355


	Year Ended December 31, 2019
	Topic 606 Revenue						Topic 815(1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
	(In millions)
Ag Services and Oilseeds
Ag Services	$	4,693	$	515	$	5,208	$	26,497	$	31,705
Crushing	736		—		736		8,743		9,479
Refined Products and Other	2,230		—		2,230		5,327		7,557
Total Ag Services and Oilseeds	7,659		515		8,174		40,567		48,741
Carbohydrate Solutions
Starches and Sweeteners	5,154		—		5,154		1,700		6,854
Vantage Corn Processors	3,032		—		3,032		—		3,032
Total Carbohydrate Solutions	8,186		—		8,186		1,700		9,886
Nutrition
Human Nutrition	2,745		—		2,745		—		2,745
Animal Nutrition	2,932		—		2,932		—		2,932
Total Nutrition	5,677		—		5,677		—		5,677

Other Business	352		—		352		—		352
Total Revenues	$	21,874	$	515	$	22,389	$	42,267	$	64,656

(1) 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.

Ag Services and Oilseeds

The Ag Services and Oilseeds segment generates revenue from the sale of commodities, from service fees for the transportation of goods, from the sale of products manufactured in its global processing facilities, and from its structured trade finance activities. Revenue is measured based on the consideration specified in the contract and excludes any sales incentives and amounts collected on behalf of third parties. Revenue is recognized when a performance obligation is satisfied by transferring control over a product or providing service to a customer. For transportation service contracts, the Company recognizes revenue over time as the barge, ocean-going vessel, truck, rail, or container freight moves towards its destination in accordance with the transfer of control guidance of Topic 606. The amount of revenue recognized follows the contractually specified price which may include freight or other contractually specified cost components. For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by Topic 610-20.

Carbohydrate Solutions

The Carbohydrate Solutions segment generates revenue from the sale of products manufactured at the Company’s global corn and wheat milling facilities around the world. Revenue is recognized when control over products is transferred to the customer. Products are shipped to customers from the Company’s various facilities and from its network of storage terminals. 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. For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by Topic 610-20.

Nutrition

The Nutrition segment sells ingredients and solutions including plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, 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. The amount of revenue recognized follows the contracted price or the mutually agreed price of the product. Freight and shipping are recognized as a component of revenue at the same time control transfers to the customer.

Other Business

Other Business includes the Company’s futures commission business whose primary sources of revenue are 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. Other Business also includes the Company’s captive insurance business which generates third party revenue through its proportionate share of premiums from third-party reinsurance pools. Reinsurance premiums are recognized on a straight-line basis over the period underlying the policy.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Acquisitions

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Acquisitions

AcquisitionsOperating results of acquisitions are included in the Company’s financial statements from the date of acquisition and were not significant for the year ended December 31, 2021. Goodwill allocated in connection with the acquisitions is primarily attributable to synergies expected to arise after the Company’s acquisition of the businesses.

Fiscal year 2021 acquisitions

During the year ended December 31, 2021, the Company’s Nutrition segment acquired five businesses including, a 75% majority stake in U.S.-based PetDine, Pedigree Ovens, The Pound Bakery, and NutraDine (collectively, “P4”), premier providers of private label pet treats and supplements; Deerland Probiotics & Enzymes (“Deerland”), a leader in probiotic, prebiotic, and enzyme technology; and Sojaprotein, a leading European provider of non-GMO soy ingredients, for an aggregate consideration of $1.6 billion using cash on hand. The aggregate cash consideration of these acquisitions, net of $21 million in cash acquired, was preliminarily allocated as follows. The Company expects these purchase price allocations to change once valuations and measurement period adjustments are final.


(In millions)	P4		Deerland		Sojaprotein		Others		Total
Working capital	$	11	$	28	$	71	$	6	$	116
Property, plant, and equipment	73		48		83		8		212
Goodwill	313		353		153		41		860
Other intangible assets	249		258		51		11		569
Other long-term assets	—		—		—		2		2
Long-term liabilities	—		(43)		(2)		—		(45)
Temporary equity - redeemable noncontrolling interest	(150)		—		—		—		(150)
Aggregate cash consideration	$	496	$	644	$	356	$	68	$	1,564

The Company has the option to acquire the remaining 25% interest in P4 from December 31, 2023 to March 31, 2025, based on a fixed multiple of earnings before interest, taxes, depreciation, and amortization for the twelve months prior to the exercise of this option. The noncontrolling interest holders also have the option to put the 25% interest to the Company on the same terms. The Company records the 25% remaining interest in temporary equity - redeemable noncontrolling interest.

Of the $860 million allocated to goodwill, $313 million is expected to be deductible for tax purposes.

The 2021 acquisitions advance ADM’s growth strategy by expanding the Company’s capabilities in pet treat and supplements and the fast-growing global demand for plant-based proteins as well as capabilities in the high-value flavor segment and the fast growing demand for food, beverages, and supplements. The post-acquisition financial results of these acquisitions are reported in the Nutrition segment.

The following table sets forth the fair values and the useful lives of the other intangible assets acquired.


	Useful Lives			P4		Deerland		Sojaprotein		Others		Total
	(In years)			(In millions)



Intangible assets with finite lives:
Trademarks/brands	7	to	15	$	9	$	49	$	6	$	3	$	67
Customer lists	15	to	20	224		174		45		5		448
Recipes	7			16		—		—		—		16
Other intellectual property	7	to	10	—		35		—		3		38
Total other intangible assets acquired				$	249	$	258	$	51	$	11	$	569

Fiscal year 2020 acquisitions

During the year ended December 31, 2020, the Company acquired Yerbalatina and the remaining 70% interest in Anco Animal Nutrition Competence GmbH (“Anco”) for an aggregate cash consideration of $15 million. The aggregate cash consideration of these acquisitions plus the $3 million acquisition-date value of the Company’s previously held equity interest in Anco, were allocated as follows:


	(In millions)
Working capital	$	16
Property, plant, and equipment	1
Goodwill	2
Long-term liabilities	(1)
Aggregate cash consideration plus acquisition-date fair value of previously held equity interest	$	18

The Company recognized a pre-tax gain of $2 million on the Anco transaction, representing the difference between the carrying value and acquisition-date fair value of the Company’s previously held equity interest. The acquisition-date fair value was determined based on a discounted cash flow analysis using market participant assumptions (a Level 3 measurement under applicable accounting standards).

Fiscal year 2019 acquisitions

During the year ended December 31, 2019, the Company acquired Neovia SAS (“Neovia”), Florida Chemical Company (“FCC”), The Ziegler Group (“Ziegler”), and the remaining 50% interest in Gleadell Agriculture Ltd (“Gleadell”), for an aggregate cash consideration of $2.0 billion. The aggregate cash consideration of these acquisitions, net of $95 million in cash acquired, plus the $15 million acquisition-date value of the Company’s previously held equity interest in Gleadell, was allocated as follows:


(In millions)	Neovia		FCC		Ziegler		Gleadell		Total
Working capital	$	108	$	31	$	18	$	(6)	$	151
Property, plant, and equipment	384		17		3		13		417
Goodwill	773		94		23		10		900
Other intangible assets	669		29		35		—		733
Other long-term assets	83		—		—		9		92
Long-term liabilities	(325)		(1)		(10)		(11)		(347)
Aggregate cash consideration, net of cash acquired, plus acquisition-date fair value of previously held equity interest	$	1,692	$	170	$	69	$	15	$	1,946

Of the $900 million allocated to goodwill, $94 million is expected to be deductible for tax purposes.

The Company recognized a pre-tax gain of $4 million on the Gleadell transaction, representing the difference between the carrying value and acquisition-date fair value of the Company’s previously held equity interest. The acquisition-date fair value was determined based on a discounted cash flow analysis using market participant assumptions (a Level 3 measurement under applicable accounting standards).

The following table sets forth the fair values and the useful lives of the other intangible assets acquired.


	Useful Lives			Neovia		FCC		Ziegler		Total
	(In years)			(In millions)
Intangible assets with indefinite lives:
Trademarks/brands				$	194	$	—	$	—	$	194

Intangible assets with finite lives:
Trademarks/brands	5	to	15	12		—		4		16
Customer lists	10	to	20	304		15		5		324
Other intellectual property	6	to	10	159		14		26		199
Total other intangible assets acquired				$	669	$	29	$	35	$	733

The Neovia, FCC, and Ziegler acquisitions are in line with the Company’s strategy to become one of the world’s leading nutrition companies. The post-acquisition financial results of these acquisitions are reported in the Nutrition segment.

Fair Value Measurements

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements

The following tables set forth, by level, the Company’s assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2021 and 2020.


	Fair Value Measurements at December 31, 2021
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
			(In millions)
Assets:
Inventories carried at market	$	—	$	6,765	$	3,004	$	9,769
Unrealized derivative gains:
Commodity contracts	—		902		460		1,362
Foreign exchange contracts	—		238		—		238
Interest rate contracts	—		46		—		46
Cash equivalents	448		—		—		448

Segregated investments	1,338		—		—		1,338

Total Assets	$	1,786	$	7,951	$	3,464	$	13,201
Liabilities:
Unrealized derivative losses:
Commodity contracts	$	—	$	944	$	815	$	1,759
Foreign exchange contracts	—		191		—		191

Debt conversion option	—		—		15		15
Inventory-related payables	—		859		106		965
Total Liabilities	$	—	$	1,994	$	936	$	2,930


	Fair Value Measurements at December 31, 2020
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
			(In millions)
Assets:
Inventories carried at market	$	—	$	5,758	$	2,183	$	7,941
Unrealized derivative gains:
Commodity contracts	—		1,905		859		2,764
Foreign currency contracts	—		283		—		283
Interest rate contracts	—		61		—		61
Cash equivalents	297		—		—		297
Marketable securities	1		—		—		1
Segregated investments	1,067		—		—		1,067

Total Assets	$	1,365	$	8,007	$	3,042	$	12,414
Liabilities:
Unrealized derivative losses:
Commodity contracts	$	—	$	1,116	$	918	$	2,034
Foreign currency contracts	—		535		—		535
Interest rate contracts	—		15		—		15
Debt conversion option	—		—		34		34
Inventory-related payables	—		498		11		509
Total Liabilities	$	—	$	2,164	$	963	$	3,127

Estimated fair values for inventories and inventory-related payables carried at market are based on exchange-quoted prices, adjusted for differences in local markets and quality, referred to as basis. Market valuations for the Company’s inventories are adjusted for location and quality (basis) because the exchange-quoted prices represent contracts that have standardized terms for commodity, quantity, future delivery period, delivery location, and commodity quality or grade. The basis adjustments are generally determined using inputs from competitor and broker quotations or market transactions in either the listed or over the counter (OTC) markets and are considered observable. In some cases, the basis adjustments are unobservable because they are supported by little to no market activity. When unobservable inputs have a significant impact (more than 10%) on the measurement of fair value, the inventory is classified in Level 3. Changes in the fair value of inventories are recognized in the consolidated statements of earnings as a component of cost of products sold.

Derivative contracts include exchange-traded commodity futures and options contracts, forward commodity purchase and sale contracts, and OTC instruments related primarily to agricultural commodities, energy, interest rates, and foreign currencies. Exchange-traded futures and options contracts are valued based on unadjusted quoted prices in active markets and are classified in Level 1. The majority of the Company’s exchange-traded futures and options contracts are cash-settled on a daily basis and, therefore, are not included in these tables. Fair value for forward commodity purchase and sale contracts is estimated based on exchange-quoted prices adjusted for differences in local markets. Market valuations for the Company’s forward commodity purchase and sale contracts are adjusted for location (basis) because the exchange-quoted prices represent contracts that have standardized terms for commodity, quantity, future delivery period, delivery location, and commodity quality or grade. The basis adjustments are generally determined using inputs from competitor and broker quotations or market transactions in either the listed or OTC markets and are considered observable. In some cases, the basis adjustments are unobservable because they are supported by little to no market activity. When observable inputs are available for substantially the full term of the contract, it is classified in Level 2. When unobservable inputs have a significant impact (more than 10%) on the measurement of fair value, the contract is classified in Level 3. Except for certain derivatives designated as cash flow hedges, changes in the fair value of commodity-related derivatives are recognized in the consolidated statements of earnings as a component of cost of products sold. Changes in the fair value of foreign currency-related derivatives are recognized in the consolidated statements of earnings as a component of revenues, cost of products sold, and other (income) expense - net, depending upon the purpose of the contract. The changes in the fair value of derivatives designated as effective cash flow hedges are recognized in the consolidated balance sheets as a component of accumulated other comprehensive income (loss) (AOCI) until the hedged items are recorded in earnings or it is probable the hedged transaction will no longer occur.

The Company’s cash equivalents are comprised of money market funds valued using quoted market prices and are classified as Level 1.

The Company’s segregated investments are comprised of U.S. Treasury securities. U.S. Treasury securities are valued using quoted market prices and are classified in Level 1.

The debt conversion option is the equity linked embedded derivative related to the exchangeable bonds described in Note 10. The fair value of the embedded derivative is included in long-term debt, with changes in fair value recognized as interest, and is valued with the assistance of a third-party pricing service (a level 3 measurement).

The following tables present a rollforward of the activity of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2021 and 2020.


	Level 3 Fair Value Assets Measurements at December 31, 2021
	Inventories Carried at Market		Commodity Derivative Contracts Gains		Total
	(In millions)
Balance, December 31, 2020	$	2,183	$	859	$	3,042
Total increase (decrease) in net realized/unrealized gains included in cost of products sold	1,131		1,071		2,202
Purchases	30,357		—		30,357
Sales	(30,471)		—		(30,471)
Settlements	—		(1,437)		(1,437)
Transfers into Level 3	1,200		103		1,303
Transfers out of Level 3	(1,396)		(136)		(1,532)
Ending balance, December 31, 2021 (1)	$	3,004	$	460	$	3,464

(1) Includes increase in unrealized gains of $2.2 billion relating to Level 3 assets still held at December 31, 2021.


	Level 3 Fair Value Liabilities Measurements at December 31, 2021
	Inventory- related Payables		Commodity Derivative Contracts Losses		Debt Conversion Option		Total
	(In millions)
Balance, December 31, 2020	$	11	$	918	$	34	$	963
Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense	2		1,992		(19)		1,975
Purchases	123		—		—		123
Sales	(30)		—		—		(30)
Settlements	—		(2,191)		—		(2,191)
Transfers into Level 3	—		324		—		324
Transfers out of Level 3	—		(228)		—		(228)
Ending balance, December 31, 2021 (1)	$	106	$	815	$	15	$	936

(1) Includes increase in unrealized losses of $0.8 billion relating to Level 3 liabilities still held at December 31, 2021.


	Level 3 Fair Value Assets Measurements at December 31, 2020
	Inventories Carried at Market		Commodity Derivative Contracts Gains		Total
	(In millions)
Balance, December 31, 2019	$	1,477	$	201	$	1,678
Total increase (decrease) in net realized/unrealized gains included in cost of products sold	146		938		1,084
Purchases	14,185		—		14,185
Sales	(13,852)		—		(13,852)
Settlements	—		(257)		(257)
Transfers into Level 3	290		70		360
Transfers out of Level 3	(63)		(93)		(156)
Ending balance, December 31, 2020 (1)	$	2,183	$	859	$	3,042

(1) Includes increase in unrealized gains of $1.7 billion relating to Level 3 assets still held at December 31, 2020.


	Level 3 Fair Value Liabilities Measurements at December 31, 2020
	Inventory- related Payables		Commodity Derivative Contracts Losses		Debt Conversion Option		Total
	(In millions)
Balance, December 31, 2019	$	27	$	199	$	—	$	226
Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense	—		1,729		17		1,746
Purchases/Issuance of debt conversion option	20		—		17		37
Sales	(36)		—		—		(36)
Settlements	—		(1,059)		—		(1,059)
Transfers into Level 3	—		112		—		112
Transfers out of Level 3	—		(63)		—		(63)
Ending balance, December 31, 2020 (1)	$	11	$	918	$	34	$	963

(1) Includes increase in unrealized losses of $0.9 billion relating to Level 3 liabilities still held at December 31, 2020.

Transfers into Level 3 of assets and liabilities previously classified in Level 2 were due to the relative value of unobservable inputs to the total fair value measurement of certain products and derivative contracts rising above the 10% threshold. Transfers out of Level 3 were primarily due to the relative value of unobservable inputs to the total fair value measurement of certain products and derivative contracts falling below the 10% threshold and thus permitting reclassification to Level 2.

In some cases, the price components that result in differences between exchange-traded prices and local prices for inventories and commodity purchase and sale contracts are observable based upon available quotations for these pricing components, and in some cases, the differences are unobservable. These price components primarily include transportation costs and other adjustments required due to location, quality, or other contract terms. In the table below, these other adjustments are referred to as basis. The changes in unobservable price components are impacted by specific local supply and demand characteristics at each facility and the overall market. Factors such as substitute products, weather, fuel costs, contract terms, and futures prices also impact the movement of these unobservable price components.

The following table sets forth the weighted average percentage of the unobservable price components included in the Company’s Level 3 valuations as of December 31, 2021 and 2020. The Company’s Level 3 measurements may include basis only, transportation cost only, or both price components. As an example, for Level 3 inventories with basis, the unobservable component as of December 31, 2021 is a weighted average 28.7% of the total price for assets and 13.1% of the total price for liabilities.


	Weighted Average % of Total Price
	December 31, 2021		December 31, 2020
Component Type	Assets	Liabilities	Assets	Liabilities
Inventories and Related Payables
Basis	28.7%	13.1%	4.3%	13.7%
Transportation cost	13.0%	—%	10.6%	—%
Commodity Derivative Contracts
Basis	30.0%	27.1%	28.3%	0.7%
Transportation cost	8.1%	0.7%	1.9%	1.3%

In certain of the Company’s principal markets, the Company relies on price quotes from third parties to value its inventories and physical commodity purchase and sale contracts. These price quotes are generally not further adjusted by the Company in determining the applicable market price. In some cases, availability of third-party quotes is limited to only one or two independent sources. In these situations, absent other corroborating evidence, the Company considers these price quotes as 100% unobservable and, therefore, the fair value of these items is reported in Level 3.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivative Instruments and Hedging Activities

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments & Hedging Activities

Derivatives Not Designated as Hedging Instruments

The majority of the Company’s derivative instruments have not been designated as hedging instruments. The Company uses exchange-traded futures and exchange-traded and OTC options contracts to manage its net position of merchandisable agricultural product inventories and forward cash purchase and sales contracts to reduce price risk caused by market fluctuations in agricultural commodities and foreign currencies. The Company also uses exchange-traded futures and exchange-traded and OTC options contracts as components of merchandising strategies designed to enhance margins. The results of these strategies can be significantly impacted by factors such as the correlation between the value of exchange-traded commodities futures contracts and the value of the underlying commodities, counterparty contract defaults, and volatility of freight markets. Derivatives, including exchange traded contracts and forward commodity purchase or sale contracts, and inventories of certain merchandisable agricultural products, which include amounts acquired under deferred pricing contracts, are stated at fair value or market value. Inventory is not a derivative and therefore fair values of and changes in fair values of inventories are not included in the tables below.

The following table sets forth the fair value of derivatives not designated as hedging instruments as of December 31, 2021 and 2020.


	December 31, 2021				December 31, 2020
	Assets		Liabilities		Assets		Liabilities
	(In millions)
Foreign Currency Contracts	$	217	$	116	$	283	$	270

Commodity Contracts	1,276		1,759		2,764		2,034
Debt Conversion Option	—		15		—		34
Total	$	1,493	$	1,890	$	3,047	$	2,338

The following table sets forth the pre-tax gains (losses) on derivatives not designated as hedging instruments that have been included in the consolidated statements of earnings for the years ended December 31, 2021, 2020, and 2019.


			Cost of		Other expense (income) - net
			products				Interest
(In millions)	Revenues		sold				Expense
For the Year Ended December 31, 2021
Consolidated Statement of Earnings	$	85,249	$	79,262	$	(94)	$	265

Pre-tax gains (losses) on:
Foreign Currency Contracts	$	3	$	(140)	$	189	$	—
Commodity Contracts	—		(1,606)		—
Debt Conversion Option	—		—		—		19
Total gain (loss) recognized in earnings	$	3	$	(1,746)	$	189	$	19	$	(1,535)

For the Year Ended December 31, 2020
Consolidated Statement of Earnings	$	64,355	$	59,902	$	(255)	$	339

Pre-tax gains (losses) on:
Foreign Currency Contracts	$	28	$	(496)	$	(153)	$	—
Commodity Contracts	—		(68)		—		—
Debt Conversion Option	—		—		—		(17)
Total gain (loss) recognized in earnings	$	28	$	(564)	$	(153)	$	(17)	$	(706)

For the Year Ended December 31, 2019
Consolidated Statement of Earnings	$	64,656	$	60,509	$	11	$	402

Pre-tax gains (losses) on:
Foreign Currency Contracts	$	9	$	32	$	(21)	$	—
Commodity Contracts	—		24		—		—
Total gain (loss) recognized in earnings	$	9	$	56	$	(21)	$	—	$	44

Changes in the market value of inventories of certain merchandisable agricultural commodities, forward cash purchase and sales contracts, exchange-traded futures, and exchange-traded and OTC options contracts are recognized in earnings immediately as a component of cost of products sold.

Changes in the fair value of foreign currency-related derivatives are recognized in the consolidated statements of earnings as a component of revenues, cost of products sold, and other (income) expense - net depending on the purpose of the contract.

Derivatives Designated as Cash Flow or Net Investment Hedging Strategies

The Company had certain derivatives designated as cash flow and net investment hedges as of December 31, 2021 and 2020.

For derivative instruments that are designated and qualify as net investment hedges, foreign exchange gains and losses related to changes in foreign currency exchange rates are deferred in AOCI until the underlying investment is divested.

The Company uses cross-currency swaps and foreign exchange forwards designated as net investment hedges to protect the Company’s investment in a foreign subsidiary against changes in foreign currency exchange rates. The Company executed USD-fixed to Euro-fixed cross-currency swaps with an aggregate notional amount of $1.2 billion and $1.3 billion as of December 31, 2021 and 2020, respectively, and foreign exchange forwards with an aggregate notional amount of $2.6 billion and $1.8 billion as of December 31, 2021 and 2020, respectively.

As of December 31, 2021 and 2020, the Company had after-tax losses of $44 million and $202 million in AOCI, respectively, related to foreign exchange gains and losses from the net investment hedge transactions. The amount is deferred in AOCI until the underlying investment is divested.

For derivative instruments that are designated and qualify as highly-effective cash flow hedges (i.e., hedging the exposure to variability in expected future cash flow that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of AOCI and as an operating activity in the statement of cash flows and reclassified into earnings in the same line item affected by the hedged transaction and in the same period or periods during which the hedged transaction affects earnings. Hedge components excluded from the assessment of effectiveness and gains and losses related to discontinued hedges are recognized in the consolidated statement of earnings during the current period.

The Company’s structured trade finance programs use interest rate swaps designated as cash flow hedges to hedge the forecasted interest payments on certain letters of credit from banks. The terms of the interest rate swaps match the terms of the forecasted interest payments. The deferred gains and losses are recognized in revenues over the period in which the related interest payments are paid to the banks. The amounts are recorded in revenues as the related results are also recorded in revenues. As of December 31, 2021 and 2020, the Company had interest rate swaps maturing on various dates with aggregate notional amounts of $1.0 billion and $3.3 billion, respectively.

The Company also uses swap locks designated as cash flow hedges to hedge the changes in the forecasted interest payments due to changes in the benchmark rate leading up to future bond issuance dates. The terms of the swap locks match the terms of the forecasted interest payments. The deferred gains and losses will be recognized in interest expense over the period in which the related interest payments will be paid. As of December 31, 2021 and 2020, the Company executed swap locks maturing on various dates with an aggregate notional amount of $400 million and $550 million, respectively.

At December 31, 2021 and 2020, the Company had after-tax gains of $35 million and $31 million in AOCI, respectively, related to the interest rate swaps and swap locks. The Company expects to recognize amounts deferred in AOCI in its consolidated statement of earnings during the life of the instruments.

For each of the hedge programs described below, the derivatives are designated as cash flow hedges. The changes in the market value of such derivative contracts have historically been, and are expected to continue to be, highly effective at offsetting changes in price movements of the hedged item. Once the hedged item is recognized in earnings, the gains and losses arising from the hedge are reclassified from AOCI to either revenues or cost of products sold, as applicable. As of December 31, 2021 and 2020, the Company had after-tax gains of $161 million and $133 million in AOCI, respectively, related to gains and losses from these programs. The Company expects to recognize $161 million of the 2021 after-tax gains in its consolidated statement of earnings during the next 12 months.

The Company uses futures or options contracts to hedge the purchase price of anticipated volumes of corn to be purchased and processed in a future month. The objective of this hedging program is to reduce the variability of cash flows associated with the Company’s forecasted purchases of corn. Prior to April 2020, the Company’s corn processing plants were grinding approximately 72 million bushels of corn per month. From April 2020 to March 2021, the Company temporarily idled dry mill assets and as a result, was grinding approximately 56 million bushels of corn per month. In April 2021, the Company resumed ethanol production at its two corn dry mill facilities. In November 2021, the Company sold its ethanol production complex in Peoria, Illinois, which reduced normal grinding at its corn processing plants to approximately 65 million bushels per month. During the past 12 months, the Company hedged between 23% and 33% of its monthly grind. At December 31, 2021, the Company had designated hedges representing between 11% to 26% of its anticipated monthly grind of corn for the next 12 months.

The Company, from time to time, also uses futures, options, and swaps to hedge the sales price of certain ethanol sales contracts. The Company has established hedging programs for ethanol sales contracts that are indexed to unleaded gasoline prices and to various exchange-traded ethanol contracts. The objective of these hedging programs is to reduce the variability of cash flows associated with the Company’s sales of ethanol. During the past 12 months and as of December 31, 2021, the Company had no hedges related to ethanol sales.

The Company uses futures and options contracts to hedge the purchase price of anticipated volumes of soybeans to be purchased and processed in a future month for certain of its U.S. soybean crush facilities, subject to certain program limits. The Company also uses futures or options contracts to hedge the sales prices of anticipated soybean meal and soybean oil sales proportionate to the soybean crushing process at these facilities, subject to certain program limits. During the past 12 months, the Company hedged between 57% and 100% of the anticipated monthly soybean crush for soybean purchases and soybean meal and oil sales at the designated facilities. At December 31, 2021, the Company had designated hedges representing between 0% and 100% of the anticipated monthly soybean crush for soybean purchases and soybean meal and oil sales at the designated facilities over the next 12 months.

The Company uses futures and OTC swaps to hedge the purchase price of anticipated volumes of natural gas consumption in a future month for certain of its facilities in North America and Europe, subject to certain program limits. During the past 12 months, the Company hedged between 23% and 96% of the anticipated monthly natural gas consumption at the designated facilities. At December 31, 2021, the Company had designated hedges representing between 21% and 100% of the anticipated monthly natural gas consumption over the next 12 months.

The following table sets forth the fair value of derivatives designated as hedging instruments as of December 31, 2021 and 2020.


	December 31, 2021				December 31, 2020
	Assets		Liabilities		Assets		Liabilities
	(In millions)
Foreign Currency Contracts	$	21	$	75	$	—	$	265
Commodity Contracts	86		—		—		—
Interest Rate Contracts	46		—		61		15
Total	$	153	$	75	$	61	$	280

The following table sets forth the pre-tax gains (losses) on derivatives designated as hedging instruments that have been included in the consolidated statement of earnings for the years ended December 31, 2021, 2020, and 2019.


			Cost of products sold		Interest expense		Other expense (income) - net
(In millions)	Revenues

For the Year Ended December 31, 2021
Consolidated Statement of Earnings	$	85,249	$	79,262	$	265	$	(94)

Effective amounts recognized in earnings
Pre-tax gains (losses) on:

Interest Contracts	$	(16)	$	—	$	—	$	—
Commodity Contracts	—		490		—		—
Total gain (loss) recognized in earnings	$	(16)	$	490	$	—	$	—	$	474

For the Year Ended December 31, 2020
Consolidated Statement of Earnings	$	64,355	$	59,902	339		$	(255)

Effective amounts recognized in earnings
Pre-tax gains (losses) on:

Interest Rate Contracts	$	(75)	$	—	$	(2)	$	—
Commodity Contracts	7		27		—		(2)



Total gain (loss) recognized in earnings	$	(68)	$	27	$	(2)	$	(2)	$	(45)

For the Year Ended December 31, 2019
Consolidated Statement of Earnings	$	64,656	$	60,509	$	402	$	11

Effective amounts recognized in earnings
Pre-tax gains (losses) on:

Interest Rate Contracts	$	(46)	$	—	$	1	$	—
Commodity Contracts	(44)		(11)		—		—




Total gain (loss) recognized in earnings	$	(90)	$	(11)	$	1	$	—	$	(100)

Other Net Investment Hedging Strategies

The Company has designated €1.8 billion and €1.5 billion of its outstanding long-term debt and commercial paper borrowings at December 31, 2021 and 2020, respectively, as hedges of its net investment in a foreign subsidiary. As of December 31, 2021 and 2020, the Company had after-tax gains of $55 million and after-tax losses of $87 million in AOCI, respectively, related to foreign exchange gains and losses from these net investment hedge transactions. The amount is deferred in AOCI until the underlying investment is divested.

Other Current Assets

12 Months Ended

Dec. 31, 2021

Other Assets [Abstract]

Other Current Assets

The following table sets forth the items in other current assets:


	December 31, 2021		December 31, 2020
	(In millions)
Unrealized gains on derivative contracts	$	1,646	$	3,108

Margin deposits and grain accounts	600		500
Customer omnibus receivable	1,179		860
Financing receivables - net (1)	189		297
Insurance premiums receivable	20		35
Prepaid expenses	370		290
Biodiesel tax credit	79		101
Tax receivables	708		680
Non-trade receivables (2)	285		218
Other current assets	82		135
	$	5,158	$	6,224

(1) The Company provides financing to suppliers, primarily Brazilian farmers, to finance a portion of the suppliers’ production costs. The amounts are reported net of allowances of $4 million at December 31, 2021 and 2020. Interest earned on financing receivables of $11 million, $20 million, and $27 million for the years ended December 31, 2021, 2020, and 2019, respectively, is included in interest income in the consolidated statements of earnings.

(2) Non-trade receivables included $27 million and $40 million of reinsurance recoverables as of December 31, 2021 and 2020, respectively.

Accrued Expenses And Other Payables

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Accrued Expenses And Other Payables

Accrued Expenses and Other Payables

The following table sets forth the items in accrued expenses and other payables:


	December 31, 2021		December 31, 2020
	(In millions)
Unrealized losses on derivative contracts	$	1,950	$	2,584

Accrued compensation	445		396
Income tax payable	132		41
Other taxes payable	168		127

Insurance claims payable	220		238
Contract liability	581		626

Other accruals and payables	1,294		931
	$	4,790	$	4,943

Investments In And Advances To Affiliates

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Investments In And Advances To Affiliates

Investments in and Advances to Affiliates

The Company applies the equity method of accounting for investments in investees over which ADM has the ability to exercise significant influence, including the Company’s 22.3% and 22.2% share ownership in Wilmar as of December 31, 2021 and 2020, respectively. As of December 31, 2021, the Company also holds equity method investments in Pacificor (32.2%), Stratas Foods LLC (50.0%), Edible Oils Limited (50.0%), Olenex (37.5%), SoyVen (50.0%), Hungrana Ltd (50.0%), Almidones Mexicanos S.A. (50.0%), Red Star Yeast Company, LLC (40.0%), and Aston Foods and Food Ingredients (50.0%). The Company had 63 and 60 unconsolidated domestic and foreign affiliates as of December 31, 2021 and 2020, respectively. The following table summarizes the combined balance sheets as of December 31, 2021 and 2020, and the combined statements of earnings of the Company’s unconsolidated affiliates for the years ended December 31, 2021, 2020, and 2019.


	December 31
(In millions)	2021		2020
Current assets	$	34,955	$	29,508
Non-current assets	27,938		23,853
Current liabilities	(30,002)		(25,969)
Non-current liabilities	(8,362)		(7,191)
Noncontrolling interests	(2,630)		(1,075)
Net assets	$	21,899	$	19,126


	Year Ended December 31
(In millions)	2021		2020		2019
Revenues	$	87,528	$	59,195	$	50,596
Gross profit	7,719		5,070		5,334
Net income	2,315		2,093		1,455

The Company’s share of the undistributed earnings of its unconsolidated affiliates as of December 31, 2021 is $2.8 billion. The Company’s investment in Wilmar has a carrying value of $4.0 billion as of December 31, 2021, and a market value of $4.3 billion based on quoted market price converted to U.S. dollars at the applicable exchange rate at December 31, 2021.

The Company provides credit facilities totaling $106 million to five unconsolidated affiliates. Two facilities that bear interest between 0.00% and 2.67% have a total outstanding balance of $32 million. The other three facilities have no outstanding balance as of December 31, 2021. The outstanding balance is included in other current assets in the accompanying consolidated balance sheet.

Net sales to unconsolidated affiliates during the years ended December 31, 2021, 2020, and 2019 were $6.6 billion, $4.7 billion, and $4.9 billion, respectively.

Accounts receivable due from unconsolidated affiliates as of December 31, 2021 and 2020 was $274 million and $197 million, respectively.

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill balances attributable to consolidated businesses, by segment, are set forth in the following table.


	December 31, 2021		December 31, 2020
	(In millions)
Ag Services and Oilseeds	$	204	$	212

Carbohydrate Solutions	240		263
Nutrition	3,734		2,972
Other Business	4		4
Total	$	4,182	$	3,451

The changes in goodwill during the year ended December 31, 2021 were primarily related to acquisitions (see Note 3) and foreign currency translation losses of $122 million.

The following table sets forth the other intangible assets:


				December 31, 2021						December 31, 2020
	Useful			Gross		Accumulated				Gross		Accumulated
	Life			Amount		Amortization		Net		Amount		Amortization		Net
	(In years)			(In millions)
Intangible assets with indefinite lives:
Trademarks/brands				$	409	$	—	$	409	$	429	$	—	$	429

Other				—		—		—		1		—		1

Intangible assets with definite lives:
Trademarks/brands	5	to	20	105		(20)		85		39		(16)		23
Customer lists	5	to	30	1,580		(454)		1,126		1,196		(390)		806

Capitalized software and related costs	1	to	8	714		(383)		331		464		(354)		110
Land rights	2	to	50	122		(28)		94		177		(35)		142
Other intellectual property	6	to	20	276		(100)		176		241		(79)		162
Recipes and other	3	to	35	487		(230)		257		489		(200)		289
Intangible assets in process				87		—		87		172		—		172
Total				$	3,780	$	(1,215)	$	2,565	$	3,208	$	(1,074)	$	2,134

The changes in the gross amounts during the year ended December 31, 2021 were related to acquisitions (see Note 3), foreign currency translation losses of $116 million, and impairments. The changes in accumulated amortization during the year ended December 31, 2021 were related to amortization expense, foreign currency translation losses of $34 million, and impairments. Aggregate amortization expense was $177 million, $173 million, and $165 million for the years ended December 31, 2021, 2020, and 2019, respectively. The estimated future aggregate amortization expense for the next five years is $225 million, $232 million, $223 million, $202 million, and $194 million, respectively.

Debt Financing Arrangements

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Debt Financing Arrangements

The Company’s long-term debt consisted of the following:


Debt Instrument
Interest Rate	Face Amount	Due Date	December 31, 2021		December 31, 2020
			(In millions)
2.5% Notes	$1 billion	2026	$	996	$	995

3.25% Notes	$1 billion	2030	988		987

1% Notes	€650 million	2025	735		789

2.700% Notes	$750 million	2051	730		—

1.75% Notes	€600 million	2023	681		731

4.5% Notes	$600 million	2049	588		588

Fixed to Floating Rate Notes	€500 million	2022	569		—

5.375% Debentures	$432 million	2035	425		424

3.75% Notes	$408 million	2047	402		402

5.935% Debentures	$336 million	2032	333		333

0% Bonds	$300 million	2023	310		330

5.765% Debentures	$297 million	2041	297		297

4.535% Debentures	$383 million	2042	283		281

4.016% Debentures	$371 million	2043	258		255

7% Debentures	$160 million	2031	159		159

6.95% Debentures	$157 million	2097	154		154

7.5% Debentures	$147 million	2027	147		146

6.625% Debentures	$144 million	2029	144		144

6.75% Debentures	$103 million	2027	103		103

6.45% Debentures	$103 million	2038	102		102

2.75% Notes	$500 million	2025	—		493









Other			177		174
Total long-term debt including current maturities			8,581		7,887
Current maturities			(570)		(2)
Total long-term debt			$	8,011	$	7,885

On September 10, 2021, the Company issued $750 million aggregate principal amount of 2.700% Notes due September 15, 2051 (the “Notes”). Net proceeds before expenses were $732 million.

In September 2021, the Company used the proceeds of the Notes to redeem $500 million aggregate principal amount of 2.750% notes due March 27, 2025 and recognized a debt extinguishment charge of $36 million in the year ended December 31, 2021.

On March 25, 2021, the Company issued, in a private placement transaction, €500 million aggregate principal amount of Fixed-to-Floating Rate Senior Notes due September 25, 2022.

On August 26, 2020, ADM Ag issued $300 million aggregate principal amount of zero coupon exchangeable bonds (the “Bonds”) due in 2023 to non-U.S. persons outside of the U.S. Subject to and upon compliance with the terms and conditions of the Bonds and any conditions, procedures, and certifications prescribed thereunder, the Bonds will be exchangeable for ordinary shares of Wilmar International Limited (“Wilmar”) currently held by the Company’s consolidated subsidiaries. Effective September 7, 2021, holders of the Bonds will be entitled to receive 52,840.6571 Wilmar shares (the “Exchange Property per Bond”) for each $200,000 principal amount of the Bonds, on the exercise of their exchange rights, subject to dividend adjustments. Effective February 26, 2022, ADM Ag has the option to call the outstanding Bonds at their principal amount if the value of the Exchange Property per Bond exceeds 120% of the principal amount for 20 consecutive trading days. The Company accounts for the Bond’s exchange feature as an equity-linked embedded derivative that is not clearly and closely related to the host debt instrument since it is indexed to Wilmar’s stock. The Company unconditionally and irrevocably guarantees the payment of all sums payable and the performance of all of ADM Ag’s other obligations under the Bonds. In contemplation of the issuance of the Bonds, Archer Daniels Midland Asia-Pacific Limited, the Company’s wholly-owned subsidiary that holds shares in Wilmar, entered into a stock borrowing and lending agreement with a financial institution.

Discount amortization expense, net of premium amortization, of $10 million, $13 million, and $12 million for the years ended December 31, 2021, 2020, and 2019, respectively, are included in interest expense related to the Company’s long-term debt.

At December 31, 2021, the fair value of the Company’s long-term debt exceeded the carrying value by $1.5 billion, as estimated using quoted market prices (a Level 2 measurement under applicable accounting standards).

The aggregate maturities of long-term debt for the five years after December 31, 2021, are $570 million, $992 million, $1 million, $736 million, and $997 million, respectively.

At December 31, 2021, the Company had lines of credit, including the accounts receivable securitization programs described below, totaling $11.2 billion, of which $8.1 billion was unused. The weighted average interest rates on short-term borrowings outstanding at December 31, 2021 and 2020, were 1.23% and 0.45%, respectively. Of the Company’s total lines of credit, $5.0 billion supported the commercial paper borrowing programs, against which there was $0.8 billion of commercial paper outstanding at December 31, 2021.

The Company’s credit facilities and certain debentures require the Company to comply with specified financial and non-financial covenants including maintenance of minimum tangible net worth as well as limitations related to incurring liens, secured debt, and certain other financing arrangements. The Company is in compliance with these covenants as of December 31, 2021.

The Company had outstanding standby letters of credit and surety bonds at December 31, 2021 and 2020, totaling $1.2 billion.

The Company has accounts receivable securitization programs (the “Programs”). The Programs provide the Company with up to $2.3 billion in funding resulting from the sale of accounts receivable. As of December 31, 2021, the Company utilized $2.2 billion of its facility under the Programs (see Note 19 for more information on the Programs).

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Stock Compensation

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Stock Compensation

Stock CompensationThe Company’s employee stock compensation plans provide for the granting of options to employees to purchase common stock of the Company pursuant to the Company’s 2020 Incentive Compensation Plan. These options are issued at market value on the date of grant, vest incrementally over one year to five years, and expire ten years after the date of grant.

The fair value of each option grant is estimated as of the date of grant using the Black-Scholes single option pricing model. The volatility assumption used in the Black-Scholes single option pricing model is based on the historical volatility of the Company’s stock. The volatility of the Company’s stock was calculated based upon the monthly closing price of the Company’s stock for the period immediately prior to the date of grant corresponding to the average expected life of the grant. The average expected life represents the period of time that option grants are expected to be outstanding. The risk-free rate is based on the rate of U.S. Treasury zero-coupon issues with a remaining term equal to the expected life of option grants. The assumptions used in the Black-Scholes single option pricing model for 2019 were as follows. No options were granted in 2021 and 2020.


	Year Ended December 31
	2021	2020	2019
Dividend yield	—%	—%	3%
Risk-free interest rate	—%	—%	2%
Stock volatility	—%	—%	22%
Average expected life (years)	0	0	6

A summary of option activity during 2021 is presented below:


	Shares	Weighted-Average Exercise Price
	(In thousands, except per share amounts)
Shares under option at December 31, 2020	6,269	$37.40
Granted	—	0.00
Exercised	(1,683)	37.98
Forfeited or expired	(2)	27.65
Shares under option at December 31, 2021	4,584	$37.20

Exercisable at December 31, 2021	4,584	$37.20

The weighted-average remaining contractual term of options outstanding and exercisable at December 31, 2021, is 3 years and 3 years, respectively. The aggregate intrinsic value of options outstanding and exercisable at December 31, 2021, is $126 million and $126 million, respectively. The weighted-average grant-date fair values of options granted during the year ended December 31, 2019 was $7.88. The total intrinsic values of options exercised during the years ended December 31, 2021, 2020, and 2019, were $37 million, $32 million, and $15 million, respectively. Cash proceeds received from options exercised during the years ended December 31, 2021, 2020, and 2019, were $64 million, $49 million, and $27 million, respectively.

At December 31, 2021, unrecognized compensation expense related to option grants to be recognized as compensation expense during the next year was immaterial.

The Company’s 2020 Incentive Compensation Plan provides for the granting of restricted stock and restricted stock units (Restricted Stock Awards) at no cost to certain officers and key employees. In addition, the Company’s 2020 Incentive Compensation Plan also provides for the granting of performance stock units (PSUs) at no cost to certain officers and key employees. Restricted Stock Awards are made in common stock or stock units with equivalent rights and vest at the end of a restriction period of three years. The awards for PSUs are made in common stock units and vest at the end of a vesting period of three years subject to the attainment of certain future service and performance criteria based on the Company’s adjusted return on invested capital (ROIC), adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), and total shareholder return (TSR). During the years ended December 31, 2021, 2020, and 2019, 2.7 million, 2.7 million, and 2.6 million common stock or stock units, respectively, were granted as Restricted Stock Awards and PSUs. At December 31, 2021, there were 16.8 million shares available for future grants pursuant to the 2020 plan.

The fair value of Restricted Stock Awards is determined based on the market value of the Company’s shares on the grant date. The fair value of PSUs is based on the weighted-average values of adjusted ROIC, adjusted EBITDA, and TSR. The adjusted ROIC and adjusted EBITDA fair value is determined based on the market value of the Company’s shares on the grant date while the TSR fair value is determined using the Monte Carlo simulation. The weighted-average grant-date fair values of awards granted during the years ended December 31, 2021, 2020, and 2019 were $53.28, $45.59, and $42.11, respectively.

A summary of Restricted Stock Awards and PSUs activity during 2021 is presented below:


	Restricted Stock Awards and PSUs	Weighted Average Grant-Date Fair Value
	(In thousands, except per share amounts)
Non-vested at December 31, 2020	7,372	$43.56
Granted	2,730	53.28
Vested	(2,798)	43.09
Forfeited	(169)	52.17
Non-vested at December 31, 2021	7,135	$47.27

At December 31, 2021, there was $99 million of total unrecognized compensation expense related to Restricted Stock Awards and PSUs. Amounts to be recognized as compensation expense during the next three years are $65 million, $31 million, and $3 million, respectively. The total grant-date fair value of Restricted Stock Awards that vested during the year ended December 31, 2021 was $121 million.

Compensation expense for option grants, Restricted Stock Awards, and PSUs granted to employees is generally recognized on a straight-line basis during the service period of the respective grant. Certain of the Company’s option grants, Restricted Stock Awards, and PSUs continue to vest upon the recipient’s retirement from the Company and compensation expense related to option grants and Restricted Stock Awards granted to retirement-eligible employees is recognized in earnings on the date of grant. Compensation expense for PSUs is based on the probability of meeting the performance criteria. The Company recognizes forfeitures as they occur.

Total compensation expense for option grants, Restricted Stock Awards, and PSUs recognized during the years ended December 31, 2021, 2020, and 2019 was $161 million, $151 million, and $89 million, respectively. Changes in incentive compensation expense are primarily caused by the level of attainment of the PSU performance criteria described above.

Other (Income) Expense - Net

12 Months Ended

Dec. 31, 2021

Other Income and Expenses [Abstract]

Other (Income) Expense - Net

Other (Income) Expense – Net

The following table sets forth the items in other (income) expense:


(In millions)	Year Ended December 31
	2021		2020		2019


(Gain) loss on sales of assets and businesses	$	(100)	$	(138)	$	39
Pension settlement	83		—		—




Other – net	(77)		(117)		(28)
	$	(94)	$	(255)	$	11

Individually significant items included in the table above are:

Gains on sales of assets for the year ended December 31, 2021 consisted of gains on the sale of the Company’s ethanol production complex in Peoria, Illinois of $22 million, the sale of certain other assets, and disposals of individually insignificant assets in the ordinary course of business. Gain on sales of assets for the year ended December 31, 2020 included a gain on the sale of a portion of the Company’s shares in Wilmar and net gains on the sale of certain other assets and disposals of individually insignificant assets in the ordinary course of business. Gain (loss) on sales of assets for the year ended December 31, 2019 included a loss on the sale of the Company’s equity investment in CIP, partially offset by gains on the sale of certain other assets, and step-up gains on equity investments.

Pension settlement for the year ended December 31, 2021 was related to the purchase of group annuity contracts that irrevocably transferred the future benefit obligations and annuity administration for certain salaried and hourly retirees and terminated vested participants under the Company’s ADM Retirement Plan and ADM Pension Plan for Hourly-Wage Employees to independent third parties.

Realized gains and losses on sales of available-for-sale marketable securities were immaterial for all periods presented.

Other - net for the year ended December 31, 2021 included the non-service components of net pension benefit income of $16 million, foreign exchange gains, and other income. Other - net for the year ended December 31, 2020 included the non-service components of net pension benefit income of $33 million, foreign exchange gains, and other income. Other - net for the year ended December 31, 2019 included the non-service components of net pension benefit income of $15 million and other income, partially offset by foreign exchange losses.

Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

The following table sets forth the geographic split of earnings before income taxes:


	Year Ended
(In millions)	December 31
	2021		2020		2019

United States	$	2,140	$	442	$	756
Foreign	1,173		1,441		832
	$	3,313	$	1,883	$	1,588

Significant components of income taxes are as follows:


(In millions)	Year Ended December 31
	2021		2020		2019
Current
Federal	$	404	$	(164)	$	37
State	79		4		11
Foreign	224		186		181
Deferred
Federal	(59)		41		47
State	(12)		(10)		1
Foreign	(58)		44		(68)
	$	578	$	101	$	209

Significant components of deferred tax liabilities and assets are as follows:


	December 31, 2021		December 31, 2020
	(In millions)
Deferred tax liabilities
Property, plant, and equipment	$	875	$	903
Intangibles	403		334
Right of use assets	214		223
Equity in earnings of affiliates	153		64
Inventory reserves	29		25
Debt exchange	53		53
Reserves and other accruals	65		195
Other	185		173
	$	1,977	$	1,970
Deferred tax assets
Pension and postretirement benefits	$	137	$	163

Lease liabilities	220		227
Stock compensation	53		80

Foreign tax loss carryforwards	465		470
Capital loss carryforwards	74		70
State tax attributes	21		79

Reserves and other accruals	158		42
Other	44		136
Gross deferred tax assets	1,172		1,267
Valuation allowances	(281)		(339)
Net deferred tax assets	$	891	$	928

Net deferred tax liabilities	$	1,086	$	1,042

The net deferred tax liabilities are classified as follows:




Noncurrent assets	$	27	$	—
Noncurrent assets (foreign)	299		260
Noncurrent liabilities	(1,079)		(957)
Noncurrent liabilities (foreign)	(333)		(345)
	$	(1,086)	$	(1,042)

Reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate on earnings is as follows:


	Year Ended
	December 31
	2021		2020		2019

Statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal tax benefit	1.5		(0.3)		0.6
Foreign earnings taxed at rates other than the U.S. statutory rate	(3.9)		(4.5)		(0.9)
Foreign currency effects/remeasurement	—		(1.1)		0.7
Income tax adjustment to filed returns	0.7		(0.4)		0.2
Tax benefit on U.S. biodiesel credits	(1.9)		(3.3)		(7.5)
Tax benefit on U.S. railroad credits	(2.0)		(8.0)		(3.6)

Tax on Global Intangible Low Taxed Income (GILTI)	1.1		2.9		1.4
Tax benefit on Foreign Derived Intangible Income Deduction (FDII)	(0.5)		(0.1)		—

Valuation allowances	0.7		—		—

Other	0.7		(0.8)		1.3
Effective income tax rate	17.4	%	5.4	%	13.2	%

The effective tax rates for 2021, 2020, and 2019 were impacted by the geographic mix of earnings and U.S. tax credits, including the biodiesel tax credit and the railroad maintenance tax credit.

The foreign rate differential was primarily due to lower tax rates from the Company’s operations in Switzerland, Asia, and the Caribbean. The Company’s foreign earnings, which were taxed at rates lower than the U.S. rate and generated from these jurisdictions, were 64%, 59%, and 61% of its foreign earnings before taxes in fiscal years 2021, 2020, and 2019, respectively.

Undistributed earnings of the Company’s foreign subsidiaries and corporate joint ventures were approximately $12.7 billion at December 31, 2021. Because these undistributed earnings continue to be indefinitely reinvested in foreign operations, no income taxes, other than the transition tax, the U.S. tax on undistributed Subpart F, and the minimum tax on GILTI, have been provided after the Tax Cuts and Jobs Act (the “Act”) was enacted on December 22, 2017. It is not practicable to determine the amount of unrecognized deferred tax liability related to any remaining undistributed earnings of foreign subsidiaries and corporate joint ventures not subject to the transition tax.

The Company has elected to pay the one-time transition tax on accumulated foreign earnings over eight years. As of December 31, 2021, the Company’s remaining transition tax liability was $140 million, which will be paid in installments through 2025.

The Company incurred U.S. taxable income of $244 million, $259 million, and $105 million related to GILTI and deducted $87 million, $12 million, and $1 million related to FDII in fiscal years 2021, 2020, and 2019 respectively. The Company made an accounting policy election to treat GILTI as a period cost. The Company has recorded and will continue to record the impact of tax reform items as U.S. tax authorities issue Treasury Regulations and other guidance addressing tax reform-related changes. The additional guidance, along with the potential for additional global tax legislation changes, may affect significant deductions and income inclusions and could have a material adverse effect on the Company’s net income or cash flow.

The Company had $465 million and $470 million of tax assets related to net operating loss carry-forwards of certain international subsidiaries at December 31, 2021 and 2020, respectively. As of December 31, 2021, approximately $359 million of these assets have no expiration date, and the remaining $106 million expire at various times through fiscal 2031. The annual usage of certain of these assets is limited to a percentage of taxable income of the respective foreign subsidiary for the year. The Company has recorded a valuation allowance of $200 million and $197 million against these tax assets at December 31, 2021 and 2020, respectively, due to the uncertainty of their realization.

The Company had $74 million and $70 million of tax assets related to foreign capital loss carryforwards at December 31, 2021 and 2020, respectively. The Company has recorded a valuation allowance of $74 million and $70 million against these tax assets at December 31, 2021 and 2020, respectively.

The Company had $21 million and $79 million of tax assets related to state income tax attributes (incentive credits and net operating loss carryforwards), net of federal tax benefit, at December 31, 2021 and 2020, the majority of which will expire between 2022 and 2026. Due to the uncertainty of realization, the Company recorded a valuation allowance of $13 million and $72 million related to state income tax assets net of federal tax benefit as of December 31, 2021 and 2020, respectively. The change in the valuation allowance was related to the expiration of certain state income tax attributes which were fully reserved in prior years.

The Company remains subject to federal examination in the U.S. for the calendar tax years 2016 through 2021.

The following table sets forth a rollforward of activity of unrecognized tax benefits for the year ended December 31, 2021 and 2020 as follows:


	Unrecognized Tax Benefits
	December 31, 2021		December 31, 2020
	(In millions)
Beginning balance	$	151	$	130
Additions related to current year’s tax positions	7		2
Additions related to prior years’ tax positions	15		37
Additions (adjustments) related to acquisitions	—		(1)
Reductions related to prior years’ tax positions	—		(3)
Reductions related to lapse of statute of limitations	(9)		(9)
Settlements with tax authorities	(7)		(5)
Ending balance	$	157	$	151

The additions and reductions in unrecognized tax benefits shown in the table included effects related to net income and shareholders’ equity. The changes in unrecognized tax benefits did not have a material effect on the Company’s net income or cash flow. At December 31, 2021 and 2020, the Company had accrued interest and penalties on unrecognized tax benefits of $39 million and $33 million, respectively.

The Company is subject to income taxation and routine examinations in many jurisdictions around the world and frequently faces challenges regarding the amount of taxes due. These challenges include positions taken by the Company related to the timing, nature, and amount of deductions and the allocation of income among various jurisdictions. In its routine evaluations of the exposure associated with various tax filing positions, the Company recognizes a liability, when necessary, for estimated potential tax owed by the Company in accordance with applicable accounting standards. Resolution of the related tax positions, through negotiations with relevant tax authorities or through litigation, may take years to complete. Therefore, it is difficult to predict the timing for resolution of tax positions and the Company cannot predict or provide assurance as to the ultimate outcome of these ongoing or future examinations. However, the Company does not anticipate that the total amount of unrecognized tax benefits will increase or decrease significantly in the next twelve months. Given the long periods of time involved in resolving tax positions, the Company does not expect that the recognition of unrecognized tax benefits will have a material impact on the Company’s effective income tax rate in any given period. If the total amount of unrecognized tax benefits were recognized by the Company at one time, there would be a reduction of $157 million on the tax expense for that period.

The Company’s subsidiary in Argentina, ADM Agro SRL (formerly ADM Argentina SA and Alfred C. Toepfer Argentina SRL), received tax assessments challenging transfer prices used to price grain exports for the tax years 1999 through 2011 and 2014. As of December 31, 2021, these assessments totaled $8 million in tax and up to $38 million in interest (adjusted for variation in currency exchange rates). The Argentine tax authorities conducted a review of income and other taxes paid by large exporters and processors of cereals and other agricultural commodities resulting in allegations of income tax evasion. The Company strongly believes that it has complied with all Argentine tax laws. To date, the Company has not received assessments for closed years subsequent to 2014. While the statute of limitations has expired for tax years 2012 and 2013, the Company cannot rule out receiving additional assessments challenging transfer prices used to price grain exports for years subsequent to 2013, and estimates that these potential assessments could be approximately $60 million in tax and $40 million in interest (adjusted for variation in currency exchange rates as of December 31, 2021). The Company believes that it has appropriately evaluated the transactions underlying these assessments, and has concluded, based on Argentine tax law, that its tax position would be sustained, and accordingly, has not recorded a tax liability for these assessments. In accordance with the accounting requirements for uncertain tax positions, the Company has not recorded an unrecognized tax liability for this assessment because it has concluded that it is more likely than not to prevail on the matter based upon its technical merits and because the taxing jurisdiction’s process does not provide a mechanism for settling at less than the full amount of the assessment. The Company intends to vigorously defend its position against the current assessments and any similar assessments that may be issued for years subsequent to 2013.

In 2014, the Company’s wholly-owned subsidiary in the Netherlands, ADM Europe B.V., received a tax assessment from the Netherlands tax authority challenging the transfer pricing aspects of a 2009 business reorganization, which involved two of its subsidiary companies in the Netherlands. As of December 31, 2021, this assessment was $92 million in tax and $33 million in interest (adjusted for variation in currency exchange rates). On April 23, 2020, the court issued an unfavorable ruling and in October 2020, assigned a third party expert to establish a valuation by early 2021. During the second quarter of 2021, the third party expert issued a final valuation. The Company expects the court to issue a ruling on this matter in the second quarter of 2022. Subsequent appeals may take an extended period of time and could result in additional financial impacts of up to the entire amount of the assessment. The Company has carefully evaluated the underlying transactions and has concluded that the amount of gain recognized on the reorganization for tax purposes was appropriate. As of December 31, 2021, the Company has accrued its best estimate of what it believes will be the likely outcome of the litigation and will vigorously defend its position against the assessment.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

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-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lessee, Operating Leases

Leases

Lessee Accounting

The Company leases certain transportation equipment, plant equipment, office equipment, land, buildings, and storage facilities. Most leases include options to renew, with renewal terms that can extend the lease term from 1 month to 49 years. The renewal options are not included in the measurement of the right of use assets and lease liabilities unless the Company is reasonably certain to exercise the optional renewal periods. Certain leases also include index and non-index escalation clauses and options to purchase the leased property. Leases accounted for as finance leases were immaterial at December 31, 2021.

As an accounting policy election, the Company does not apply the recognition requirements of Topic 842 to short-term leases in all of its underlying asset categories. The Company recognizes short-term lease payments in earnings on a straight-line basis over the lease term, and variable lease payments in the period in which the obligation for those payments is incurred. The Company also combines lease and non-lease contract components in all of its underlying asset categories as an accounting policy election.

The following table sets forth the amounts relating to the Company’s total lease cost and other information.


	Year Ended
	December 31, 2021			December 31, 2020
	(In millions)
Lease cost:
Operating lease cost	$	336		$	315
Short-term lease cost	117			101
Total lease cost	$	453		$	416

Other information:
Operating lease liability principal payments	$	325		$	302
Right-of-use assets obtained in exchange for new operating lease liabilities	$	197		$	314

	December 31, 2021			December 31, 2020
Weighted-average remaining lease term - operating leases (in years)	6			7
Weighted average discount rate - operating leases	3.8		%	4.2		%

Below is a tabular disclosure of the future annual undiscounted cash flows for operating lease liabilities as of December 31, 2021.


	Undiscounted
	Cash Flows
	(In millions)
2022	$	310
2023	259
2024	194
2025	126
2026	68
Thereafter	225
Total	1,182

Less interest (1)	(140)
Lease liability	$	1,042

(1) Calculated using the implicit rate of the lease, if available, or the incremental borrowing rate that is appropriate for the tenor and geography of the lease.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit PlansThe Company provides substantially all U.S. employees and employees at certain foreign subsidiaries with retirement benefits including defined benefit pension plans and defined contribution plans. The Company provides certain eligible U.S. employees who retire under qualifying conditions with subsidized postretirement health care coverage or Health Care Reimbursement Accounts.

In 2021, the Company amended the ADM Retirement Plan and the ADM Pension Plan for Hourly-Wage Employees (collectively, the “Plans”) and entered into two binding agreements to purchase: (1) a group annuity contract from Principal Life Insurance Company (“Principal”) and (2) two group annuity contracts, separately from American General Life Insurance Company (“AGL”) and from AGL’s affiliate, The United States Life Insurance Company in the City of New York (“USL”), irrevocably transferring the future benefit obligations and annuity administration for approximately 6,000 retirees and terminated vested participants from the Plans to Principal, AGL, and USL. The purchase of the group annuity contracts was funded directly by the Plans’ assets and reduced the Company’s pension obligations by approximately $0.7 billion. As a result of the transactions, the Company recognized a non-cash pretax pension settlement charge of $83 million for the year ended December 31, 2021.

In April 2019, the Company announced an enhanced early retirement program for some eligible employees in the U.S. and Canada. As a result, the Company recognized a pension remeasurement charge of $48 million in the second quarter of 2019. Employees electing to retire early were also given the option to receive their benefit in the form of a lump sum payment which resulted in a pension settlement charge of $51 million during the second half of 2019.

On July 31, 2017, the Company announced that all participants in the Company’s U.S. salaried pension plan and the Supplemental Executive Retirement Plan (SERP) will begin accruing benefits under the cash balance formula effective January 1, 2022. Benefits for participants who were accruing under the final average pay formula were frozen as of December 31, 2021, including pay and service through that date.

The Company maintains 401(k) plans covering substantially all U.S. employees. The Company contributes cash to the plans to match qualifying employee contributions, and also provides a non-matching employer contribution of 1% of pay to eligible participants. Under an employee stock ownership component of the 401(k) plans, employees may choose to invest in the Company’s stock as part of their own investment elections. The employer contributions are expensed when paid. Assets of the Company’s 401(k) plans consist primarily of listed common stocks and pooled funds. The Company’s 401(k) plans held 6.5 million shares of Company common stock at December 31, 2021, with a market value of $441 million. Cash dividends received on shares of Company common stock by these plans during the year ended December 31, 2021 were $10 million.

The following table sets forth the components of retirement plan expense for the years ended December 31, 2021, 2020, and 2019:


	Pension Benefits						Postretirement Benefits
(In millions)	Year Ended December 31						Year Ended December 31
	2021		2020		2019		2021		2020		2019
Retirement plan expense
Defined benefit plans:
Service cost (benefits earned during the period)	$	64	$	61	$	58	$	1	$	1	$	2
Interest cost	48		70		82		2		4		5
Expected return on plan assets	(95)		(126)		(115)		—		—		—
Settlement charges	83		—		96		—		—		3


Amortization of actuarial loss	33		38		26		6		6		4
Amortization of prior service cost (credit)	(20)		(19)		(19)		(2)		(13)		(15)
Net periodic defined benefit plan expense	113		24		128		7		(2)		(1)
Defined contribution plans	61		54		58		—		—		—
Total retirement plan expense	$	174	$	78	$	186	$	7	$	(2)	$	(1)

The following tables set forth changes in the defined benefit obligation and the fair value of defined benefit plan assets for the years ended December 31, 2021 and 2020:


	Pension Benefits				Postretirement Benefits
	December 31 2021		December 31 2020		December 31 2021		December 31 2020
	(In millions)				(In millions)
Benefit obligation, beginning	$	3,014	$	2,650	$	173	$	167
Service cost	64		61		1		1
Interest cost	48		70		2		4
Actuarial loss (gain)	(152)		285		(5)		17
Employee contributions	2		2		—		—


Settlements	(715)		(17)		—		—


Benefits paid	(51)		(84)		(17)		(14)


Foreign currency effects	(32)		47		—		(2)
Benefit obligation, ending	$	2,178	$	3,014	$	154	$	173

Fair value of plan assets, beginning	$	2,337	$	2,018	$	—	$	—
Actual return on plan assets	146		317		—		—
Employer contributions	30		85		17		14
Employee contributions	2		2		—		—
Settlements	(715)		(18)		—		—


Benefits paid	(51)		(84)		(17)		(14)

Foreign currency effects	(7)		17		—		—
Fair value of plan assets, ending	$	1,742	$	2,337	$	—	$	—

Funded status	$	(436)	$	(677)	$	(154)	$	(173)

Prepaid benefit cost	$	121	$	29	$	—	$	—
Accrued benefit liability – current	(18)		(19)		(15)		(16)
Accrued benefit liability – long-term	(539)		(687)		(139)		(157)
Net amount recognized in the balance sheet	$	(436)	$	(677)	$	(154)	$	(173)

The actuarial gain in the pension plans in 2021 is primarily due to increases in the global bond yields while the actuarial loss in the pension plans in 2020 is primarily due to declines in the global bond yields.

The Company uses the corridor approach when amortizing actuarial losses. Under the corridor approach, net unrecognized actuarial losses in excess of 10% of the greater of the projected benefit obligation or the market related value of plan assets are amortized over future periods. For plans with little to no active participants, the amortization period is the remaining average life expectancy of the participants. For plans with active participants, the amortization period is the remaining average service period of the active participants. The amortization periods range from 2 to 28 years for the Company’s defined benefit pension plans and from 6 to 21 years for the Company’s postretirement benefit plans.

Included in AOCI for pension benefits at December 31, 2021, are the following amounts that have not yet been recognized in net periodic pension cost: unrecognized prior service credit of $94 million and unrecognized actuarial loss of $314 million.

Included in AOCI for postretirement benefits at December 31, 2021, are the following amounts that have not yet been recognized in net periodic postretirement benefit cost: unrecognized prior service cost of $1 million and unrecognized actuarial loss of $46 million.

The following table sets forth the principal assumptions used in developing net periodic benefit cost:

Pension Benefits

Postretirement Benefits

December 31
2021

December 31
2020

December 31
2021

December 31
2020

Discount rate

2.3%

2.9%

2.3%

3.2%

Expected return on plan assets

6.0%

6.6%

N/A

Rate of compensation increase

4.8%

4.9%

N/A

Interest crediting rate

2.0%

2.2%

N/A

The following table sets forth the principal assumptions used in developing the year-end actuarial present value of the projected benefit obligations:


	Pension Benefits				Postretirement Benefits
	December 31 2021		December 31 2020		December 31 2021	December 31 2020
Discount rate	2.5	%	2.3	%	2.7%	2.3%
Rate of compensation increase	4.2	%	4.8	%	N/A	N/A
Interest crediting rate	1.9	%	2.0	%	N/A	N/A

The projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for the pension plans with projected benefit obligations in excess of plan assets were $1.7 billion, $1.6 billion, and $1.2 billion, respectively, as of December 31, 2021, and $2.6 billion, $2.5 billion, and $1.9 billion, respectively, as of December 31, 2020. The projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for the pension plans with accumulated benefit obligations in excess of plan assets were $1.7 billion, $1.6 billion, and $1.2 billion, respectively, as of December 31, 2021 and $2.6 billion, $2.5 billion, and $1.9 billion, respectively, as of December 31, 2020. The accumulated benefit obligation for all pension plans as of December 31, 2021 and 2020, was $2.1 billion and $2.9 billion, respectively.

For postretirement benefit measurement purposes, a 6.1% annual rate of increase in the per capita cost of covered health care benefits was assumed for the year ended December 31, 2021. The rate was assumed to decrease gradually to 4.5% by 2031 and remain at that level thereafter.

Plan Assets

The Company’s employee benefit plan assets are principally comprised of the following types of investments:

Common stock:

Equity securities are valued based on quoted exchange prices and are classified within Level 1 of the valuation hierarchy.

Mutual funds:

Mutual funds are valued at the closing price reported on the active market on which they are traded and are classified within Level 1 of the valuation hierarchy.

Common collective trust (CCT) funds:

The fair values of the CCTs are valued using net asset value (NAV). The investments in CCTs are comprised of U.S. and international equity, fixed income, and other securities. The investments are valued at NAV provided by administrators of the funds.

Corporate debt instruments:

Corporate debt instruments are valued using third-party pricing services and are classified within Level 2 of the valuation hierarchy.

U.S. Treasury instruments:

U.S. Treasury instruments are valued at the closing price reported on the active market on which they are traded and are classified within Level 1 of the valuation hierarchy.

U.S. government agency, state, and local government bonds:

U.S. government agency obligations and state and municipal debt securities are valued using third-party pricing services and are classified within Level 2 of the valuation hierarchy.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes its valuation methods are appropriate and consistent with other market participants’ methods, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following tables set forth, by level within the fair value hierarchy, the fair value of plan assets as of December 31, 2021 and 2020.


	Fair Value Measurements at December 31, 2021
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In millions)
Common stock	$	135	$	—	$	—	$	135


Mutual funds	426		—		—		426









Corporate bonds	—		304		—		304
U.S. Treasury instruments	226		—		—		226
U.S. government agency, state and local government bonds	—		3		—		3
Other	—		8		—		8
Total assets	$	787	$	315	$	—	$	1,102

Common collective trust funds at NAV
U.S. equity							34
International equity							193
Fixed income							285
Other							128
Total assets at fair value							$	1,742


	Fair Value Measurements at December 31, 2020
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In millions)
Common stock	$	251	$	—	$	—	$	251


Mutual funds	666		—		—		666










Corporate bonds	—		328		—		328
U.S. Treasury instruments	345		—		—		345
U.S. government agency, state and local government bonds	—		4		—		4
Other	—		9		—		9
Total assets	$	1,262	$	341	$	—	$	1,603

Common collective trust funds at NAV
U.S. equity							23
International equity							316
Fixed income							245
Other							150
Total assets at fair value							$	2,337

Level 3 Gains and Losses:

There are no Plan assets classified as Level 3 in the fair value hierarchy; therefore there are no gains or losses associated with Level 3 assets.

The following table sets forth the actual asset allocation for the Company’s global pension plan assets as of the measurement date:


	December 31 2021(1)(2)	December 31 2020(2)
Equity securities	47%	54%
Debt securities	44%	35%
Other	9%	11%
Total	100%	100%

(1)The Company’s U.S. pension plans contain approximately 64% of the Company’s global pension plan assets. The actual asset allocation for the Company’s U.S. pension plans as of the measurement date consists of 50% equity securities and 50% debt securities. The target asset allocation for the Company’s U.S. pension plans is approximately the same as the actual asset allocation. The actual asset allocation for the Company’s foreign pension plans as of the measurement date consists of 41% equity securities, 17% debt securities, and 42% other. The target asset allocation for the Company’s foreign pension plans is approximately the same as the actual asset allocation.

(2)The Company’s pension plans did not directly hold any shares of Company common stock as of the December 31, 2021 and 2020 measurement dates.

Investment objectives for the Company’s plan assets are to:

•Optimize the long-term return on plan assets at an acceptable level of risk.

•Maintain a broad diversification across asset classes and among investment managers.

•Maintain careful control of the risk level within each asset class.

Asset allocation targets promote optimal expected return and volatility characteristics given the long-term time horizon for fulfilling the obligations of the pension plans. Selection of the targeted asset allocation for plan assets was based upon a review of the expected return and risk characteristics of each asset class, as well as the correlation of returns among asset classes. The U.S. pension plans target asset allocation is also based on an asset and liability study that is updated periodically.

Investment guidelines are established with each investment manager. These guidelines provide the parameters within which the investment managers agree to operate, including criteria that determine eligible and ineligible securities, diversification requirements, and credit quality standards, where applicable. In some countries, derivatives may be used to gain market exposure in an efficient and timely manner; however, derivatives may not be used to leverage the portfolio beyond the market value of underlying investments.

The Company uses external consultants to assist in monitoring the investment strategy and asset mix for the Company’s plan assets. To develop the Company’s expected long-term rate of return assumption on plan assets, the Company generally uses long-term historical return information for the targeted asset mix identified in asset and liability studies. Adjustments are made to the expected long-term rate of return assumption when deemed necessary based upon revised expectations of future investment performance of the overall investment markets.

Contributions and Expected Future Benefit Payments

Based on actuarial calculations, the Company expects to contribute $28 million to the pension plans and $15 million to the postretirement benefit plan during 2022. The Company may elect to make additional discretionary contributions during this period.

The following benefit payments, which reflect expected future service, are expected to be paid by the benefit plans:


	Pension Benefits		Postretirement Benefits
	(In millions)
2022	$	57	$	15
2023	62		14
2024	67		13
2025	73		13
2026	80		11
2027-2031	474		46

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

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+ Details

Shareholders' Equity

12 Months Ended

Dec. 31, 2021

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Shareholders' Equity

Shareholders’ EquityThe Company has authorized one billion shares of common stock and 500,000 shares of preferred stock, each with zero par value. No preferred stock has been issued. At December 31, 2021 and 2020, the Company had approximately 156.6 million shares and 160.0 million shares, respectively, of its common shares in treasury. Treasury stock of $5.1 billion and $5.2 billion at December 31, 2021 and 2020, respectively, is recorded at cost as a reduction of common stock, and treasury stock of $0.3 billion at December 31, 2021 and 2020 is recorded at cost as a reduction of retained earnings.

The following tables set forth the changes in AOCI by component and the reclassifications out of AOCI for the years ended December 31, 2021 and 2020:


	Foreign Currency Translation Adjustment		Deferred Gain (Loss) on Hedging Activities		Pension and Other Postretirement Benefit Liabilities Adjustment		Unrealized Gain (Loss) on Investments		Accumulated Other Comprehensive Income (Loss)
					(In millions)
Balance at December 31, 2019	$	(2,152)	$	(12)	$	(268)	$	27	$	(2,405)
Other comprehensive income before reclassifications	29		209		(120)		(27)		91
Gain (loss) on net investment hedges	(398)		—		—		—		(398)
Amounts reclassified from AOCI	—		45		7		—		52
Tax effect	97		(57)		16		—		56
Net of tax amount	(272)		197		(97)		(27)		(199)
Balance at December 31, 2020	$	(2,424)	$	185	$	(365)	$	—	$	(2,604)
Other comprehensive income before reclassifications	(119)		507		190		(2)		576
Gain (loss) on net investment hedges	398		—		—		—		398
Amounts reclassified from AOCI	—		(474)		99		—		(375)
Tax effect	(103)		7		(71)		—		(167)
Net of tax amount	176		40		218		(2)		432
Balance at December 31, 2021	$	(2,248)	$	225	$	(147)	$	(2)	$	(2,172)

The change in foreign currency translation adjustment in 2021 and 2020 is primarily due to net investment hedges as discussed in Note 5.


	Amounts reclassified from AOCI Year Ended December 31						Affected line item in the consolidated statement of
Details about AOCI components	2021		2020		2019		earnings
	(In millions)
Foreign currency translation adjustment
	$	—	$	—	$	7	Other income/expense
	—		—		—		Tax
	$	—	$	—	$	7	Net of tax

Deferred loss (gain) on hedging activities
	$	(490)	$	(27)	$	11	Cost of products sold
	—		2		46		Other income/expense
	—		2		(1)		Interest expense
	16		68		44		Revenues
	(474)		45		100		Total before tax
	118		7		(13)		Tax on reclassifications
	$	(356)	$	52	$	87	Net of tax
Pension liability adjustment
Amortization of defined benefit pension items:
Prior service losses (credit)	$	(77)	$	(32)	$	(26)	Other (income) expense - net
Actuarial losses	176		39		17		Other (income) expense - net
	99		7		(9)		Total before tax
	(26)		(11)		18		Tax on reclassifications
	$	73	$	(4)	$	9	Net of tax
Unrealized loss (gain) on investments
	$	—	$	—	$	(1)	Other income/expense

	—		—		—		Tax on reclassifications
	$	—	$	—	$	(1)	Net of tax

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Segment and Geographic Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment And Geographic Information

Segment and Geographic InformationThe Company’s operations are organized, managed, and classified into three reportable business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. Each of these segments is organized based upon the nature of products and services offered. The Company’s remaining operations are not reportable segments, as defined by the applicable accounting standard, and are classified as Other Business.

The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds (cottonseed, sunflower seed, canola, rapeseed, and flaxseed) into vegetable oils and protein meals. Oilseeds products produced and marketed by the segment include ingredients for food, feed, energy, and industrial customers. Crude vegetable oils produced by the segment’s crushing activities are sold “as is” to manufacturers of renewable green diesel and other customers or are further processed by refining, blending, bleaching, and deodorizing into salad oils. Salad oils are sold “as is” or are further processed by hydrogenating and/or interesterifying into margarine, shortening, and other food products. Partially refined oils are used to produce biodiesel and glycols or are sold to other manufacturers for use in chemicals, paints, and other industrial products. Oilseed protein meals are principally sold to third parties to be used as ingredients in commercial livestock and poultry feeds. The Ag Services and Oilseeds segment is also a major supplier of peanuts and peanut-derived ingredients to both the U.S. and export markets. In North America, cotton cellulose pulp is manufactured and sold to the chemical, paper, and other industrial markets. The Ag Services and Oilseeds segment’s grain sourcing, handling, and transportation network (including barge, ocean-going vessel, truck, rail, and container freight services) provides reliable and efficient services to the Company’s customers and agricultural processing operations. The Ag Services and Oilseeds segment also includes agricultural commodity and feed product import, export, and global distribution, and structured trade finance activities. Structured trade finance’s activities include programs under which ADM prepays financial institutions, on a discounted basis, U.S. dollar-denominated letters of credit based on underlying commodity trade flows. This segment also includes the Company’s share of the results of its equity investment in Wilmar and its share of the results of its Pacificor, Stratas Foods LLC, Edible Oils Limited, Olenex, and SoyVen joint ventures. In December 2021, the Company entered into a joint venture with Marathon Petroleum Corp. for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel.

The Carbohydrate Solutions segment is engaged in corn and wheat wet and dry milling and other activities. The Carbohydrate Solutions segment converts corn and wheat into products and ingredients used in the food and beverage industry including sweeteners, corn and wheat starches, syrup, glucose, wheat flour, and dextrose. Dextrose and starch are used by the Carbohydrate Solutions segment as feedstocks in other downstream processes. By fermentation of dextrose, the Carbohydrate Solutions segment produces alcohol and other food and animal feed ingredients. Ethyl alcohol is produced by the Company for industrial use in products such as hand sanitizers and ethanol for use in gasoline due to its ability to increase octane as an extender and oxygenate. Corn gluten feed and meal, as well as distillers’ grains, are produced for use as animal feed ingredients. Corn germ, a by-product of the wet milling process, is further processed into vegetable oil and protein meal. Other Carbohydrate Solutions products include citric acids which are used in various food and industrial products. The Carbohydrate Solutions segment has announced various memorandums of understanding with potential strategic partners leveraging our core production capabilities and carbon sequestration experience to facilitate the production of low carbon, bio-based products such as sustainable aviation fuel and innovative renewable chemicals. This segment also includes the Company’s share of the results of its equity investments in Hungrana Ltd., Almidones Mexicanos S.A., Red Star Yeast Company, LLC, and Aston Foods and Food Ingredients. In November 2021, the Company sold its ethanol production complex in Peoria, Illinois.

The Nutrition segment serves various end markets including food, beverages, nutritional supplements, and feed and premix for livestock, aquaculture, and pet food. The segment engages in the manufacturing, sale, and distribution of a wide array of ingredients and solutions including plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, enzymes, botanical extracts, and other specialty food and feed ingredients. The Nutrition segment includes the activities related to the procurement, processing, and distribution of edible beans. The segment also includes activities related to the processing and distribution of formula feeds and animal health and nutrition products and the manufacture of contract and private label pet treats and foods. ADM acquired Golden Farm Production & Commerce Company Limited in April 2021, a 75% majority stake in PetDine, Pedigree Ovens, The Pound Bakery, and NutraDine (collectively, “P4”), premier providers of private label pet treats and supplements, in September 2021, U.S.-based Deerland Probiotics & Enzymes, a leader in probiotic, prebiotic, and enzyme technology, in November 2021, Sojaprotein, a leading European provider of non-GMO soy ingredients, in November 2021, and Flavor Infusion International, S.A., a full-range provider of flavor and specialty ingredient solutions for customers across Latin America and the Caribbean, in December 2021.

Other Business includes the Company’s financial business units related to futures commission and insurance activities.

Intersegment sales have been recorded at amounts approximating market. Operating profit for each segment is based on net sales less identifiable operating expenses. Also included in operating profit for each segment is equity in earnings of affiliates based on the equity method of accounting. Specified items included in total segment operating profit and certain corporate items are not allocated to the Company’s individual business segments because operating performance of each business segment is evaluated by management exclusive of these items. Corporate results principally include the impact of LIFO-related adjustments, unallocated corporate expenses, interest cost net of interest income, revaluation gains and losses on cost method investments and the share of the results of equity investments in early-stage start-up companies that ADM Ventures has investments in, and the Company’s share of the results of its equity investment in CIP, which was sold in December 2019.

Segment Information


	Year Ended
(In millions)	December 31
	2021		2020		2019
Gross revenues

Ag Services and Oilseeds	$	70,455	$	55,667	$	54,633
Carbohydrate Solutions	12,672		9,423		11,154
Nutrition	6,933		5,959		5,786
Other	380		367		352
Intersegment elimination	(5,191)		(7,061)		(7,269)
Total	$	85,249	$	64,355	$	64,656

Intersegment revenues

Ag Services and Oilseeds	$	3,408	$	5,951	$	5,892
Carbohydrate Solutions	1,562		951		1,268
Nutrition	221		159		109

Total	$	5,191	$	7,061	$	7,269

Revenues from external customers






Ag Services and Oilseeds
Ag Services	$	45,017	$	32,726	$	31,705
Crushing	11,368		9,593		9,479
Refined Products and Other	10,662		7,397		7,557
Total Ag Services and Oilseeds	67,047		49,716		48,741

Carbohydrate Solutions
Starches and Sweeteners	7,611		6,387		6,854
Vantage Corn Processors	3,499		2,085		3,032
Total Carbohydrate Solutions	11,110		8,472		9,886

Nutrition
Human Nutrition	3,189		2,812		2,745
Animal Nutrition	3,523		2,988		2,932
Total Nutrition	6,712		5,800		5,677


Other	380		367		352

Total	$	85,249	$	64,355	$	64,656


	Year Ended
(In millions)	December 31
	2021		2020		2019
Depreciation

Ag Services and Oilseeds	$	349	$	351	$	361
Carbohydrate Solutions	322		305		320
Nutrition	101		114		113
Other	8		6		6
Corporate	27		24		23
Total	$	807	$	800	$	823

Long-lived asset abandonments and write-downs(1)

Ag Services and Oilseeds	$	10	$	8	$	130
Carbohydrate Solutions	13		—		1
Nutrition	50		13		—
Corporate	—		7		—
Total	$	73	$	28	$	131

Investment income

Ag Services and Oilseeds	$	27	$	39	$	51

Nutrition	1		2		1
Other	16		40		125
Corporate	52		30		19
Total	$	96	$	111	$	196

Equity in earnings of affiliates

Ag Services and Oilseeds	$	500	$	475	$	378
Carbohydrate Solutions	70		81		60
Nutrition	24		22		17

Corporate	1		1		(1)
Total	$	595	$	579	$	454

(1) See Note 18 for total asset impairment, exit, and restructuring costs.


	Year Ended
(In millions)	December 31
	2021		2020		2019
Segment Operating Profit

Ag Services and Oilseeds	$	2,775	$	2,105	$	1,935
Carbohydrate Solutions	1,283		717		644
Nutrition	691		574		418
Other	25		52		85
Specified Items:
Gains on sales of assets and businesses(1)	77		83		12
Impairment, restructuring, exit, and settlement charges(2)	(213)		(76)		(146)

Total segment operating profit	4,638		3,455		2,948
Corporate	(1,325)		(1,572)		(1,360)
Earnings before income taxes	$	3,313	$	1,883	$	1,588

(1) The gains in 2021 were related to the sale of certain ethanol and other assets. The gains in 2020 were related to the sale of a portion of the Company’s shares in Wilmar and certain other assets. The gains in 2019 were related to the sale of certain assets and a step-up gain on an equity investment.

(2) The charges in 2021 were related to the impairment of certain long-lived assets, goodwill, and other intangibles, restructuring, and a legal settlement. The charges in 2020 were related to the impairment of certain assets, restructuring, and settlement. The charges in 2019 were primarily related to the impairment of certain assets.

.


(In millions)	December 31
	2021		2020
Investments in and advances to affiliates

Ag Services and Oilseeds	$	4,826	$	4,402
Carbohydrate Solutions	358		392
Nutrition	56		102

Corporate	45		17
Total	$	5,285	$	4,913

Identifiable assets

Ag Services and Oilseeds	$	25,976	$	24,792
Carbohydrate Solutions	6,238		5,963
Nutrition	10,142		8,652
Other	9,235		7,152
Corporate	4,545		3,160
Total	$	56,136	$	49,719

(In millions)	Year Ended December 31
	2021		2020
Gross additions to property, plant, and equipment

Ag Services and Oilseeds	$	451	$	261
Carbohydrate Solutions	260		251
Nutrition	242		149
Other	7		8
Corporate	45		30
Total	$	1,005	$	699

Geographic information: The following geographic data include revenues attributed to the countries based on the location of the subsidiary making the sale and long-lived assets based on physical location. Long-lived assets represent the net book value of property, plant, and equipment.


	Year Ended
(In millions)	December 31
	2021		2020		2019
Revenues
United States	$	35,396	$	25,986	$	27,509
Switzerland	18,453		13,819		13,016
Cayman Islands	5,515		3,958		4,374
Brazil	3,213		2,357		2,381
Mexico	2,934		2,244		2,068
United Kingdom	1,848		1,519		1,563
Other Foreign	17,890		14,472		13,745
	$	85,249	$	64,355	$	64,656


(In millions)	December 31
	2021		2020
Long-lived assets
United States	$	6,098	$	6,157
Brazil	760		781
Other Foreign	2,945		2,841
	$	9,803	$	9,779

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Asset Impairment, Exit, and Restructuring Costs

12 Months Ended

Dec. 31, 2021

Restructuring, Settlement and Impairment Provisions [Abstract]

Asset Impairment, Exit, and Restructuring Costs

The following table sets forth the charges included in asset impairment, exit, and restructuring costs.


(In millions)	Year Ended December 31
	2021		2020		2019

Restructuring and exit costs (1)	$	39	$	26	$	161


Impairment charge - goodwill and other intangible assets (2)	52		26		11
Impairment charge - other long-lived assets (3)	73		28		131
Total asset impairment, exit, and restructuring costs	$	164	$	80	$	303

(1)Restructuring and exit costs for the year ended December 31, 2021 consisted of several individually insignificant restructuring charges totaling $35 million presented as specified items within segment operating profit and $4 million in Corporate. Restructuring and exit costs for the year ended December 31, 2020 consisted of several individually insignificant restructuring charges totaling $17 million presented as specified items within segment operating profit and $9 million in Corporate. Restructuring and exit costs for the year ended December 31, 2019 consisted of restructuring and pension settlement and remeasurement charges of $159 million in Corporate primarily related to early retirement and reorganization initiatives and several individually insignificant restructuring charges presented as specified items within segment operating profit.

(2)Impairment charge - goodwill and other intangible assets for the year ended December 31, 2021 consisted of goodwill impairment of $5 million and land rights impairment of $42 million in Ag Services and Oilseeds and goodwill impairment of $1 million and customer list impairment of $4 million in Nutrition, presented as specified items within segment operating profit. Impairment charge - goodwill and other intangible assets for the year ended December 31, 2020 consisted of other intangible asset impairments presented as specified items within segment operating profit. Impairment charge - goodwill and other intangible assets for the year ended December 31, 2019 consisted of goodwill and other intangible asset impairments presented as specified items within segment operating profit.(3)Impairment charge - other long-lived assets for the year ended December 31, 2021 consisted of impairments related to certain long-lived assets in Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition of $10 million, $13 million, and $50 million, respectively, presented as specified items within segment operating profit. Impairment charge - other long-lived assets for the year ended December 31, 2020 consisted of impairments related to certain long-lived assets in Ag Services and Oilseeds and Nutrition of $8 million and $13 million, respectively, presented as specified items within segment operating profit, and $7 million of impairments related to certain assets in Corporate. Impairment charge - other long-lived assets for the year ended December 31, 2019 consisted of $130 million of asset impairments related to certain facilities, vessels, and other long-lived assets in Ag Services and Oilseeds and $1 million of asset impairments related to certain long-lived assets in Carbohydrate Solutions presented as specified items within segment operating profit.

Sale of Accounts Receivable	12 Months Ended
Sale of Accounts Receivable	Dec. 31, 2021
Transfers and Servicing [Abstract]
Sale of Accounts Receivable	The Company has an accounts receivable securitization program (the “Program”) with certain commercial paper conduit purchasers and committed purchasers (collectively, the “First Purchasers”). Under the Program, certain U.S.-originated trade accounts receivable are sold to a wholly-owned bankruptcy-remote entity, ADM Receivables, LLC (“ADM Receivables”). Prior to October 1, 2020, ADM Receivables transferred such purchased accounts receivable in their entirety to the First Purchasers pursuant to a receivables purchase agreement. In exchange for the transfer of the accounts receivable, ADM Receivables received a cash payment up to a certain amount and an additional amount upon the collection of the accounts receivable (deferred consideration). On October 1, 2020, the Company restructured the First Program from a deferred purchase price to a pledge structure. Under the new structure, ADM Receivables transfers certain of the purchased accounts receivable to each of the First Purchasers together with a security interest in all of its right, title, and interest in the remaining purchased accounts receivable. In exchange, ADM Receivables receives a cash payment of up to $1.6 billion, an increase from $1.2 billion, as of December 31, 2020 for the accounts receivable transferred. The First Program terminates on May 18, 2022, unless extended. for the accounts receivables transferred. The Company also has an accounts receivable securitization program (the “Second Program”) with certain commercial paper conduit purchasers and committed purchasers (collectively, the “Second Purchasers”). Under the Second Program, certain non-U.S.-originated trade accounts receivable are sold to a wholly-owned bankruptcy-remote entity, ADM Ireland Receivables Company (ADM Ireland Receivables). Prior to April 1, 2020, ADM Ireland Receivables transferred such purchased accounts receivable in their entirety to the Second Purchasers pursuant to a receivables purchase agreement. In exchange for the transfer of the accounts receivable, ADM Ireland Receivables received a cash payment up to a certain amount and an additional amount upon the collection of the accounts receivable (deferred consideration). On April 1, 2020, the Company restructured the Second Program from a deferred purchase price to a pledge structure. Under the new structure, ADM Ireland Receivables transfers certain of the purchased accounts receivable to each of the Second Purchasers together with a security interest in all of its right, title, and interest in the remaining purchased accounts receivable. In exchange, ADM Ireland Receivables receives a cash payment of up to $0.7 billion (€0.6 billion) for the accounts receivables transferred. The Second Program terminates on February 16, 2023, unless extended. Under the First and Second Programs (collectively, the “Programs”), ADM Receivables and ADM Ireland Receivables use the cash proceeds from the transfer of receivables to the First Purchasers and Second Purchasers (collectively, the “Purchasers”) and other consideration, as applicable, to finance the purchase of receivables from the Company and the ADM subsidiaries originating the receivables. The Company accounts for these transfers as sales. The Company acts as a servicer for the transferred receivables. At December 31, 2021 and 2020, the Company did not record a servicing asset or liability related to its retained responsibility, based on its assessment of the servicing fee, market values for similar transactions, and its cost of servicing the receivables sold. As of December 31, 2021 and 2020, the fair value of trade receivables transferred to the Purchasers under the Programs and derecognized from the Company’s consolidated balance sheet was $2.2 billion and $1.6 billion, respectively. Total receivables sold were $50.3 billion, $35.0 billion, and $34.5 billion for the years ended December 31, 2021, 2020, and 2019, respectively. Cash collections from customers on receivables sold were $47.3 billion, $34.2 billion, and $33.8 billion for the years ended December 31, 2021, 2020, and 2019, respectively. Of the amounts in 2020 and 2019, $6.7 billion and $13.1 billion were cash collections on the deferred consideration reflected as cash inflows from investing activities for the years ended December 31, 2020, and 2019, respectively. Receivables pledged as collateral to the Purchasers were $0.5 billion and $0.4 billion as of December 31, 2021 and 2020, respectively. Transfers of receivables under the Programs during the years ended December 31, 2021, 2020, and 2019 resulted in an expense for the loss on sale of $11 million, $9 million, and $18 million, respectively, which is classified as selling, general, and administrative expenses in the consolidated statements of earnings. In accordance with the amended guidance of Topic 230, the Company reflects cash flows related to the deferred receivables consideration as investing activities in its consolidated statements of cash flows. All other cash flows are classified as operating activities because the cash received from the Purchasers upon both the sale and collection of the receivables is not subject to significant interest rate risk given the short-term nature of the Company’s trade receivables.

- Definition

The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.

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+ Details

Legal Proceedings, Guarantees, and Commitments	12 Months Ended
Legal Proceedings, Guarantees, and Commitments	Dec. 31, 2021
Guarantees [Abstract]
Legal Proceedings, Guarantees, and Commitments	Legal ProceedingsThe Company is routinely involved in a number of actual or threatened legal actions, including those involving alleged personal injuries, employment law, product liability, intellectual property, environmental issues, alleged tax liability (see Note 13 for information on income tax matters), and class actions. The Company also routinely receives inquiries from regulators and other government authorities relating to various aspects of our business, and at any given time, the Company has matters at various stages of resolution. The outcomes of these matters are not within our complete control and may not be known for prolonged periods of time. In some actions, claimants seek damages, as well as other relief including injunctive relief, that could require significant expenditures or result in lost revenues. In accordance with applicable accounting standards, the Company records a liability in its consolidated financial statements for material loss contingencies when a loss is known or considered probable and the amount can be reasonably estimated. If the reasonable estimate of a known or probable loss is a range, and no amount within the range is a better estimate than any other, the minimum amount of the range is accrued. If a material loss contingency is reasonably possible but not known or probable, and can be reasonably estimated, the estimated loss or range of loss is disclosed in the notes to the consolidated financial statements. When determining the estimated loss or range of loss, significant judgment is required to estimate the amount and timing of a loss to be recorded. Estimates of probable losses resulting from litigation and governmental proceedings involving the Company are inherently difficult to predict, particularly when the matters are in early procedural stages, with incomplete facts or legal discovery; involve unsubstantiated or indeterminate claims for damages; potentially involve penalties, fines, disgorgement, or punitive damages; or could result in a change in business practice.On September 4, 2019, AOT Holding AG (“AOT”) filed a putative class action under the U.S. Commodities Exchange Act in federal district court in Urbana, Illinois, alleging that the Company sought to manipulate the benchmark price used to price and settle ethanol derivatives traded on futures exchanges. On March 16, 2021, AOT filed an amended complaint adding a second named plaintiff Maize Capital Group, LLC (“Maize”). AOT and Maize allege that members of the putative class suffered “hundreds of millions of dollars in damages” as a result of the Company’s alleged actions. On July 14, 2020, Green Plains Inc. and its related entities (“GP”) filed a putative class action lawsuit, alleging substantially the same operative facts, in federal court in Nebraska, seeking to represent sellers of ethanol. On July 23, 2020, Midwest Renewable Energy, LLC (“MRE”) filed a putative class action in federal court in Illinois alleging substantially the same operative facts and asserting claims under the Sherman Act. On November 11, 2020, United Wisconsin Grain Producers LLC (“UWGP”) and five other ethanol producers filed a lawsuit in federal court in Illinois alleging substantially the same facts and asserting claims under the Sherman Act and Illinois, Iowa, and Wisconsin law. The court granted ADM’s motion to dismiss the MRE and UWGP complaints without prejudice on August 9, 2021 and September 28, 2021, respectively. On August 16, 2021, the court granted ADM’s motion to dismiss the GP complaint, dismissing one claim with prejudice and declining jurisdiction over the remaining state law claim. MRE filed an amended complaint on August 30, 2021, which ADM moved to dismiss on September 27, 2021. UWGP filed an amended complaint on October 19, 2021, which ADM moved to dismiss on December 9, 2021. On October 26, 2021, GP filed a new complaint in Nebraska federal district court, alleging substantially the same facts and asserting a claim for tortious interference with contractual relations. The Company denies liability, and is vigorously defending itself in these actions. As these actions are in pretrial proceedings, the Company is unable at this time to predict the final outcome with any reasonable degree of certainty, but believes the outcome will not have a material adverse effect on its financial condition, results of operations, or cash flows.

Valuation And Qualifying Accounts And Reserves

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation And Qualifying Accounts And Reserves


SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

	Beginning of					End of
(In millions)	Year Balance		Additions	Deductions (1)	Other (2)	Year Balance
Allowance for doubtful accounts
December 31, 2019	$	84	23	(19)	22	$	110
December 31, 2020	$	110	47	(66)	9	$	100
December 31, 2021	$	100	32	(28)	18	$	122

(1) Uncollectible accounts written off
(2) Impact of reclassifications, foreign exchange translation, and other adjustments

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
Summary Of Significant Accounting Policies (Policies)	Dec. 31, 2021
Accounting Policies [Abstract]
Nature of Business	Nature of Business ADM unlocks the power of nature to provide access to nutrition worldwide. The Company is a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. ADM’s breadth, depth, insights, facilities and logistical expertise give the Company unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, ADM enriches the quality of life the world over. The Company transforms natural products into staple foods, sustainable, renewable industrial products, and an expansive pantry of food and beverage ingredients and solutions for foods and beverages, supplements, nutrition for pets and livestock and more. And with an array of unparalleled capabilities across every part of the global food chain, ADM gives its customers an edge in solving global challenges of today and tomorrow. At ADM, sustainable practices and a focus on environmental responsibility are not separate from its primary business: they are integral to the work the Company does every day to serve customers and create value for shareholders. The Company is one of the world’s leading producers of ingredients for human and animal nutrition, and other products made from nature.
Principles Of Consolidation	Principles of ConsolidationThe consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated. The Company consolidates all entities, including variable interest entities (VIEs), in which it has a controlling financial interest. For VIEs, the Company assesses whether it is the primary beneficiary as defined under the applicable accounting standard. Investments in affiliates, including VIEs through which the Company exercises significant influence but does not control the investee and is not the primary beneficiary of the investee’s activities, are carried at cost plus equity in undistributed earnings since acquisition and are adjusted, where appropriate, for basis differences between the investment balance and the underlying net assets of the investee. The Company’s portion of the results of certain affiliates and results of certain VIEs are included using the most recent available financial statements. In each case, the financial statements are within 93 days of the Company’s year-end and are consistent from period to period.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect amounts reported in its consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Reclassifications	Reclassifications During the year ended December 31, 2021, the Company recorded revaluation gains on cost method investments of $49 million in connection with observable third-party transactions in investment income (previously interest income) in the consolidated statements of earnings. Revaluation gains previously recorded in other (income) expense - net of $23 million and $4 million in the years ended December 31, 2020 and 2019, respectively, were reclassified to conform to the current presentation. Effective December 31, 2021, the Company reported $87 million of intangible assets in process in goodwill and other intangible assets in the consolidated balance sheets. Intangible assets in process previously reported in construction in progress in property, plant, and equipment of $172 million as of December 31, 2020 were reclassified to conform to the current presentation.
Cash Equivalents	Cash Equivalents The Company considers all non-segregated, highly-liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents.
Segregated Cash and Investments	Segregated Cash and Investments The Company segregates certain cash, cash equivalents, and investment balances in accordance with regulatory requirements, commodity exchange requirements, and insurance arrangements. These balances represent deposits received from customers of the Company’s registered futures commission merchant and commodity brokerage services, cash margins and securities pledged to commodity exchange clearinghouses, and cash pledged as security under certain insurance arrangements. Segregated cash and investments also include restricted cash collateral for the various insurance programs of the Company’s captive insurance business. To the degree these segregated balances are comprised of cash and cash equivalents, they are considered restricted cash and cash equivalents on the statement of cash flows.
Receivables	Receivables The Company records accounts receivable at net realizable value. This value includes an allowance for estimated uncollectible accounts of $122 million and $100 million at December 31, 2021 and 2020, respectively, to reflect any loss anticipated on the accounts receivable balances including any accrued interest receivables thereon. Long-term receivables recorded in other assets were not material to the Company’s overall receivables portfolio. Effective January 1, 2020, the Company adopted Accounting Standards Codification (ASC) Topic 326, Financial Instruments - Credit Losses (Topic 326), and developed a new methodology for estimating uncollectible accounts. Under this methodology, receivables are pooled according to type, region, credit risk rating, and age. Each pool is assigned an expected loss co-efficient to arrive at a general reserve based on historical write-offs adjusted, as needed, for regional, economic, and other forward-looking factors. The Company minimizes credit risk due to the large and diversified nature of its worldwide customer base. ADM manages its exposure to counter-party credit risk through credit analysis and approvals, credit limits, and monitoring procedures. The Company recorded a cumulative effect adjustment to retained earnings at January 1, 2020 of $8 million as a result of the adoption of Topic 326. The Company recorded bad debt expense in selling, general, and administrative expenses of $32 million, $47 million, and $23 million in the years ended December 31, 2021, 2020, and 2019, respectively.
Inventories	Inventories Inventories of certain merchandisable agricultural commodities, which include inventories acquired under deferred pricing contracts, are stated at market value. In addition, the Company values certain inventories using the first-in, first-out (FIFO) method at the lower of cost or net realizable value. Prior to January 1, 2020, the Company also valued certain of its agricultural commodity inventories using the last-in, first-out (LIFO) method at the lower of cost or net realizable value. Effective January 1, 2020, the Company changed the method of accounting for certain of its agricultural commodity inventories from the LIFO method to market value in the Ag Services and Oilseeds segment. The Company believes market value is preferable because it: (i) conforms to the inventory valuation methodology used for the majority of ADM’s agricultural commodity inventories; (ii) enhances the matching of inventory costs with revenues and better reflects the current cost of inventory on the Company’s balance sheet; and (iii) provides better comparability with the Company’s peers. The Company concluded that the accounting change did not have a material effect on prior periods’ financial statements and elected not to apply the change on a retrospective basis. As a result, the Company recorded a reduction in cost of products sold of $91 million ($69 million after tax, equal to $0.12 per diluted share) for the cumulative effect of the change in the year ended December 31, 2020 with no impact to the statement of cash flows. The change did not have a material impact on the Company’s results for the year ended December 31, 2020. If the Company had not made the accounting change, the effect of LIFO valuation on ADM’s operating results would have been an increase in cost of goods sold of $147 million ($113 million after tax, equal to $0.20 per diluted share) in the year ended December 31, 2020, with no impact to the consolidated statement of cash flows.
Cost Method Investments	Cost Method Investments Cost method investments of $297 million and $178 million as of December 31, 2021 and 2020, respectively, are included in Other Assets in the Company’s consolidated balance sheets. Revaluation gains of $49 million, $23 million, and $4 million for the years ended December 31, 2021, 2020, and 2019, respectively, in connection with observable third-party transactions, are recorded in investment income in the Company's consolidated statements of earnings.
Fair Value Measurements	Fair Value Measurements The Company determines fair value based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company uses the market approach valuation technique to measure the majority of its assets and liabilities carried at fair value. Three levels are established within the fair value hierarchy that may be used to report fair value: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Observable inputs, including Level 1 prices that have been adjusted; quoted prices for similar assets or liabilities; quoted prices in markets that are less active than traded exchanges; and other inputs that are observable or can be substantially corroborated by observable market data. Level 3: Unobservable inputs that are supported by little or no market activity and that are a significant component of the fair value of the assets or liabilities. In evaluating the significance of fair value inputs, the Company generally classifies assets or liabilities as Level 3 when their fair value is determined using unobservable inputs that individually or when aggregated with other unobservable inputs, represent more than 10% of the fair value of the assets or liabilities. Judgment is required in evaluating both quantitative and qualitative factors in the determination of significance for purposes of fair value level classification. Level 3 amounts can include assets and liabilities whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as assets and liabilities for which the determination of fair value requires significant management judgment or estimation. Based on historical experience with the Company’s suppliers and customers, the Company’s own credit risk and knowledge of current market conditions, the Company does not view nonperformance risk to be a significant input to fair value for the majority of its forward commodity purchase and sale contracts. However, in certain cases, if the Company believes the nonperformance risk to be a significant input, the Company records estimated fair value adjustments, and classifies the measurement in Level 3. In many cases, a valuation technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy. The lowest level of input that is a significant component of the fair value measurement determines the placement of the entire fair value measurement in the hierarchy. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the classification of fair value assets and liabilities within the fair value hierarchy levels. The Company’s policy regarding the timing of transfers between levels, including both transfers into and transfers out of Level 3, is to measure and record the transfers at the end of the reporting period.
Derivatives	Derivatives The Company recognizes all of its derivative instruments as either assets or liabilities at fair value in its consolidated balance sheet. Unrealized gains are reported as other current assets and unrealized losses are reported as accrued expenses and other payables. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and on the type of hedging relationship. The majority of the Company’s derivatives have not been designated as hedging instruments, and as such, changes in fair value of these derivatives are recognized in earnings immediately. For those derivative instruments that are designated and qualify as hedging instruments, the Company designates the hedging instrument, based upon the exposure being hedged, as a cash flow hedge or a net investment hedge. For derivative instruments that are designated and qualify as highly-effective cash flow hedges (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive income (loss) (AOCI) and as an operating activity in the statement of cash flows and reclassified into earnings in the same line item affected by the hedged transaction and in the same period or periods during which the hedged transaction affects earnings. Hedge components excluded from the assessment of effectiveness and gains and losses related to discontinued hedges are recognized in the consolidated statement of earnings during the current period. For derivative instruments that are designated and qualify as net investment hedges, foreign exchange gains and losses related to changes in foreign currency exchange rates are deferred in AOCI until the underlying investment is divested.
Property, Plant, and Equipment	Property, Plant, and Equipment Property, plant, and equipment are recorded at cost. Repair and maintenance costs are expensed as incurred. The Company generally uses the straight-line method in computing depreciation for financial reporting purposes and generally uses accelerated methods for income tax purposes. The annual provisions for depreciation have been computed principally in accordance with the following ranges of asset lives: buildings - 15 to 40 years; machinery and equipment - 3 to 40 years. The Company capitalized interest on major construction projects in progress of $17 million, $14 million, and $15 million for the years ended December 31, 2021, 2020, and 2019, respectively.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with the liability method. Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and reported amounts in the consolidated financial statements using statutory rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recorded in the results of operations in the period that includes the enactment date under the law. Applicable accounting standards prescribe a minimum threshold a tax position is required to meet before being recognized in the consolidated financial statements. The Company recognizes in its consolidated financial statements tax positions determined more likely than not to be sustained upon examination, based on the technical merits of the position. The Company classifies interest on income tax-related balances as interest expense and classifies tax-related penalties as selling, general, and administrative expenses.
Goodwill and other intangible assets	Goodwill and other intangible assets Goodwill and other intangible assets deemed to have indefinite lives are not amortized but are subject to annual impairment tests. Definite-lived intangible assets, including capitalized expenses related to the Company’s 1ADM program such as third-party configuration costs and internal labor, are amortized over their estimated useful lives of 1 to 50 years and are reviewed for impairment whenever there are indicators that the carrying value of the assets may not be fully recoverable. The Company’s accounting policy is to evaluate goodwill and other intangible assets with indefinite lives for impairment on October 1 of each fiscal year or whenever there are indicators that the carrying value of the assets may not be fully recoverable. The Company recorded impairment charges totaling $52 million related to goodwill and other intangibles, $26 million related to customer lists, and $11 million related goodwill and other intangibles during the years ended December 31, 2021, 2020, and 2019, respectively (see Note 9 for additional information).
Asset Abandonments and Write-Downs	Asset Abandonments and Write-DownsThe Company evaluates long-lived assets for impairment whenever indicators of impairment exist. In addition, assets are written down to fair value after consideration of the Company’s ability to utilize the assets for their intended purpose, employ the assets in alternative uses, or sell the assets to recover the carrying value. Fair value is generally based on discounted cash flow analysis which relies on management’s estimate of market participant assumptions or estimated selling price for assets considered held for sale (a Level 3 measurement under applicable accounting standards). During 2020, the Company temporarily idled certain of its corn processing assets where ethanol is produced and performed a quantitative impairment assessment of those assets, resulting in no impairment charges. The Company restarted these idled facilities in April 2021. The total carrying value of the temporarily idled assets as of December 31, 2020 was immaterial. During the years ended December 31, 2021, 2020, and 2019, asset abandonment and impairment charges were $73 million, $28 million, and $131 million, respectively.
Payables to Brokerage Customers	Payables to Brokerage CustomersPayables to brokerage customers represent the total of customer accounts at the Company’s futures commission merchant with credit or positive balances. Customer accounts are used primarily in connection with commodity transactions and include gains and losses on open commodity trades as well as securities and other deposits made for margins or other purposes as required by the Company or the exchange-clearing organizations or counterparties. Payables to brokerage customers have a corresponding balance in segregated cash and investments and customer omnibus receivable in other current assets.
Revenues	Revenues The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance obligation by transferring control over a product or service to a customer. For transportation service contracts, the Company recognizes revenue over time as the barge, ocean-going vessel, truck, rail, or container freight moves towards its destination in accordance with the transfer of control guidance of ASC Topic 606, Revenue from Contracts with Customers (“Topic 606”). For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by ASC 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets (“Topic 610-20”). Revenue Recognition The Company principally generates revenue from merchandising and transporting agricultural commodities, and manufacturing products for use in food, beverages, feed, energy, and industrial applications, and ingredients and solutions for human and animal nutrition. Revenue is measured based on the consideration specified in the contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance obligation by transferring control over a product or service to a customer. The majority of the Company’s contracts with customers have one performance obligation and a contract duration of one year or less. The Company applies the practical expedient in paragraph 10-50-14 of Topic 606 and does not disclose information about remaining performance obligations that have original expected durations of one year or less. For transportation service contracts, the Company recognizes revenue over time as the barge, ocean-going vessel, truck, rail, or container freight moves towards its destination in accordance with the transfer of control guidance of Topic 606. The Company recognized revenue from transportation service contracts of $606 million, $423 million, and $515 million for the years ended December 31, 2021, 2020, and 2019, respectively. For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by ASC 610-20. Shipping and Handling Costs Shipping and handling costs related to contracts with customers for the sale of goods are accounted for as a fulfillment activity and are included in cost of products sold. Accordingly, amounts billed to customers for such costs are included as a component of revenues. Taxes Collected from Customers and Remitted to Governmental Authorities The Company does not include taxes assessed by governmental authorities that are (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers, in the measurement of transactions prices or as a component of revenues and cost of products sold.
Stock Compensation	Stock Compensation The Company recognizes expense for its stock compensation based on the fair value of the awards that are granted. The Company’s stock compensation plans provide for the granting of restricted stock, restricted stock units, performance stock units, and stock options. The fair values of stock options and performance stock units are estimated at the date of grant using the Black-Scholes option valuation model and a lattice valuation model, respectively. These valuation models require the input of subjective assumptions. Measured compensation cost, net of forfeitures, is recognized ratably over the vesting period of the related stock compensation award.
Research and Development	Research and Development Costs associated with research and development are expensed as incurred. Such costs incurred, net of expenditures subsequently reimbursed by government grants, were $171 million, $160 million, and $154 million for the years ended December 31, 2021, 2020, and 2019, respectively.
Per Share Data	Per Share Data Basic earnings per common share are determined by dividing net earnings attributable to controlling interests by the weighted average number of common shares outstanding. In computing diluted earnings per share, average number of common shares outstanding is increased by common stock options outstanding with exercise prices lower than the average market price of common shares using the treasury share method.
Business Combinations	Business Combinations The Company’s acquisitions are accounted for in accordance with ASC Topic 805, Business Combinations, as amended. The consideration transferred is allocated to various assets acquired and liabilities assumed at their estimated fair values as of the acquisition date with the residual allocated to goodwill. Fair values allocated to assets acquired and liabilities assumed in business combinations require management to make significant judgments, estimates, and assumptions, especially with respect to intangible assets. Management makes estimates of fair values based upon assumptions it believes to be reasonable. These estimates are based upon historical experience and information obtained from the management of the acquired companies and are inherently uncertain. The estimated fair values related to intangible assets primarily consist of customer relationships, trademarks, and developed technology which are determined primarily using discounted cash flow models. Estimates in the discounted cash flow models include, but are not limited to, certain assumptions that form the basis of the forecasted results (e.g. revenue growth rates, customer attrition rates, and royalty rates). These significant assumptions are forward looking and could be affected by future economic and market conditions. During the measurement period, which may take up to one year from the acquisition date, adjustments due to changes in the estimated fair value of assets acquired and liabilities assumed may be recorded as adjustments to the consideration transferred and the related allocations. Upon the conclusion of the measurement period or the final determination of the values of assets acquired and liabilities assumed, whichever comes first, any such adjustments are charged to the consolidated statements of earnings. The Company accounts for any redeemable noncontrolling interest in temporary equity - redeemable noncontrolling interest at redemption value with periodic changes recorded in retained earnings.
Adoption of New Accounting Standards	Adoption of New Accounting Standards Effective January 1, 2021, the Company adopted the amended guidance of ASC Topic 740, Income Taxes (Topic 740), which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also simplify and improve consistent application of other areas of Topic 740. The adoption of the amended guidance did not have a significant impact on the Company’s consolidated financial statements. Pending Accounting Standards Through December 31, 2022, the Company has the option to adopt the amended guidance of ASC Topic 848, Reference Rate Reform, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amended guidance do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The Company plans to adopt the expedients and exceptions provided by the amended guidance before the December 31, 2022 expiry date and does not expect the adoption of the amended guidance to have an impact on the consolidated financial statements. Effective January 1, 2023, the Company will be required to adopt the amended guidance of ASC Topic 805, Business Combinations, which improves comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. The amended guidance requires an entity (acquirer) to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. Early adoption is permitted. The Company does not expect the adoption of this amended guidance to have a significant impact on its consolidated financial statements.

Revenues Revenues (Policies)	12 Months Ended
Revenues Revenues (Policies)	Dec. 31, 2021
Revenues [Abstract]
Revenues	Revenues The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance obligation by transferring control over a product or service to a customer. For transportation service contracts, the Company recognizes revenue over time as the barge, ocean-going vessel, truck, rail, or container freight moves towards its destination in accordance with the transfer of control guidance of ASC Topic 606, Revenue from Contracts with Customers (“Topic 606”). For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by ASC 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets (“Topic 610-20”). Revenue Recognition The Company principally generates revenue from merchandising and transporting agricultural commodities, and manufacturing products for use in food, beverages, feed, energy, and industrial applications, and ingredients and solutions for human and animal nutrition. Revenue is measured based on the consideration specified in the contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance obligation by transferring control over a product or service to a customer. The majority of the Company’s contracts with customers have one performance obligation and a contract duration of one year or less. The Company applies the practical expedient in paragraph 10-50-14 of Topic 606 and does not disclose information about remaining performance obligations that have original expected durations of one year or less. For transportation service contracts, the Company recognizes revenue over time as the barge, ocean-going vessel, truck, rail, or container freight moves towards its destination in accordance with the transfer of control guidance of Topic 606. The Company recognized revenue from transportation service contracts of $606 million, $423 million, and $515 million for the years ended December 31, 2021, 2020, and 2019, respectively. For physically settled derivative sales contracts that are outside the scope of Topic 606, the Company recognizes revenue when control of the inventory is transferred within the meaning of Topic 606 as required by ASC 610-20. Shipping and Handling Costs Shipping and handling costs related to contracts with customers for the sale of goods are accounted for as a fulfillment activity and are included in cost of products sold. Accordingly, amounts billed to customers for such costs are included as a component of revenues. Taxes Collected from Customers and Remitted to Governmental Authorities The Company does not include taxes assessed by governmental authorities that are (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers, in the measurement of transactions prices or as a component of revenues and cost of products sold.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130561-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130563-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130563-203045

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123372394&loc=d3e18823-107790

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130564-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

+ Details

Leases Leases (Policies)	12 Months Ended
Leases Leases (Policies)	Dec. 31, 2021
Leases [Abstract]
Short-term Leases [Policy Text Block]	As an accounting policy election, the Company does not apply the recognition requirements of Topic 842 to short-term leases in all of its underlying asset categories. The Company recognizes short-term lease payments in earnings on a straight-line basis over the lease term, and variable lease payments in the period in which the obligation for those payments is incurred. The Company also combines lease and non-lease contract components in all of its underlying asset categories as an accounting policy election.

Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of inventory by costing method [Table Text Block]

The following table sets forth the Company’s inventories as of December 31, 2021 and 2020.


	December 31, 2021		December 31, 2020
	(In millions)
FIFO inventories	$	4,260	$	3,310
Market inventories	9,769		7,941
Supplies and other inventories	452		462
Total inventories	$	14,481	$	11,713

Revenues Revenues (Tables)

12 Months Ended

Dec. 31, 2021

Revenues [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenues

The following tables present revenue disaggregated by timing of recognition and major product lines for the years ended December 31, 2021, 2020, and 2019.


	Year Ended December 31, 2021
	Topic 606 Revenue						Topic 815(1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
	(In millions)
Ag Services and Oilseeds
Ag Services	$	2,831	$	606	$	3,437	$	41,580	$	45,017
Crushing	441		—		441		10,927		11,368
Refined Products and Other	2,458		—		2,458		8,204		10,662
Total Ag Services and Oilseeds	5,730		606		6,336		60,711		67,047
Carbohydrate Solutions
Starches and Sweeteners	5,866		—		5,866		1,745		7,611
Vantage Corn Processors	3,499		—		3,499		—		3,499
Total Carbohydrate Solutions	9,365		—		9,365		1,745		11,110
Nutrition
Human Nutrition	3,189		—		3,189		—		3,189
Animal Nutrition	3,523		—		3,523		—		3,523
Total Nutrition	6,712		—		6,712		—		6,712

Other Business	380		—		380		—		380
Total Revenues	$	22,187	$	606	$	22,793	$	62,456	$	85,249


	Year Ended December 31, 2020
	Topic 606 Revenue						Topic 815(1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
	(In millions)
Ag Services and Oilseeds
Ag Services	$	3,108	$	423	$	3,531	$	29,195	$	32,726
Crushing	467		—		467		9,126		9,593
Refined Products and Other	2,095		—		2,095		5,302		7,397
Total Ag Services and Oilseeds	5,670		423		6,093		43,623		49,716
Carbohydrate Solutions
Starches and Sweeteners	4,756		—		4,756		1,631		6,387
Vantage Corn Processors	2,085		—		2,085		—		2,085
Total Carbohydrate Solutions	6,841		—		6,841		1,631		8,472
Nutrition
Human Nutrition	2,812		—		2,812		—		2,812
Animal Nutrition	2,988		—		2,988		—		2,988
Total Nutrition	5,800		—		5,800		—		5,800

Other Business	367		—		367		—		367
Total Revenues	$	18,678	$	423	$	19,101	$	45,254	$	64,355


	Year Ended December 31, 2019
	Topic 606 Revenue						Topic 815(1)		Total
	Point in Time		Over Time		Total		Revenue		Revenues
	(In millions)
Ag Services and Oilseeds
Ag Services	$	4,693	$	515	$	5,208	$	26,497	$	31,705
Crushing	736		—		736		8,743		9,479
Refined Products and Other	2,230		—		2,230		5,327		7,557
Total Ag Services and Oilseeds	7,659		515		8,174		40,567		48,741
Carbohydrate Solutions
Starches and Sweeteners	5,154		—		5,154		1,700		6,854
Vantage Corn Processors	3,032		—		3,032		—		3,032
Total Carbohydrate Solutions	8,186		—		8,186		1,700		9,886
Nutrition
Human Nutrition	2,745		—		2,745		—		2,745
Animal Nutrition	2,932		—		2,932		—		2,932
Total Nutrition	5,677		—		5,677		—		5,677

Other Business	352		—		352		—		352
Total Revenues	$	21,874	$	515	$	22,389	$	42,267	$	64,656

(1) 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.

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Business Combinations [Abstract]

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table sets forth the fair values and the useful lives of the other intangible assets acquired.


	Useful Lives			P4		Deerland		Sojaprotein		Others		Total
	(In years)			(In millions)



Intangible assets with finite lives:
Trademarks/brands	7	to	15	$	9	$	49	$	6	$	3	$	67
Customer lists	15	to	20	224		174		45		5		448
Recipes	7			16		—		—		—		16
Other intellectual property	7	to	10	—		35		—		3		38
Total other intangible assets acquired				$	249	$	258	$	51	$	11	$	569

The following table sets forth the fair values and the useful lives of the other intangible assets acquired.


	Useful Lives			Neovia		FCC		Ziegler		Total
	(In years)			(In millions)
Intangible assets with indefinite lives:
Trademarks/brands				$	194	$	—	$	—	$	194

Intangible assets with finite lives:
Trademarks/brands	5	to	15	12		—		4		16
Customer lists	10	to	20	304		15		5		324
Other intellectual property	6	to	10	159		14		26		199
Total other intangible assets acquired				$	669	$	29	$	35	$	733

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

During the year ended December 31, 2021, the Company’s Nutrition segment acquired five businesses including, a 75% majority stake in U.S.-based PetDine, Pedigree Ovens, The Pound Bakery, and NutraDine (collectively, “P4”), premier providers of private label pet treats and supplements; Deerland Probiotics & Enzymes (“Deerland”), a leader in probiotic, prebiotic, and enzyme technology; and Sojaprotein, a leading European provider of non-GMO soy ingredients, for an aggregate consideration of $1.6 billion using cash on hand. The aggregate cash consideration of these acquisitions, net of $21 million in cash acquired, was preliminarily allocated as follows. The Company expects these purchase price allocations to change once valuations and measurement period adjustments are final.


(In millions)	P4		Deerland		Sojaprotein		Others		Total
Working capital	$	11	$	28	$	71	$	6	$	116
Property, plant, and equipment	73		48		83		8		212
Goodwill	313		353		153		41		860
Other intangible assets	249		258		51		11		569
Other long-term assets	—		—		—		2		2
Long-term liabilities	—		(43)		(2)		—		(45)
Temporary equity - redeemable noncontrolling interest	(150)		—		—		—		(150)
Aggregate cash consideration	$	496	$	644	$	356	$	68	$	1,564

During the year ended December 31, 2020, the Company acquired Yerbalatina and the remaining 70% interest in Anco Animal Nutrition Competence GmbH (“Anco”) for an aggregate cash consideration of $15 million. The aggregate cash consideration of these acquisitions plus the $3 million acquisition-date value of the Company’s previously held equity interest in Anco, were allocated as follows:


	(In millions)
Working capital	$	16
Property, plant, and equipment	1
Goodwill	2
Long-term liabilities	(1)
Aggregate cash consideration plus acquisition-date fair value of previously held equity interest	$	18

During the year ended December 31, 2019, the Company acquired Neovia SAS (“Neovia”), Florida Chemical Company (“FCC”), The Ziegler Group (“Ziegler”), and the remaining 50% interest in Gleadell Agriculture Ltd (“Gleadell”), for an aggregate cash consideration of $2.0 billion. The aggregate cash consideration of these acquisitions, net of $95 million in cash acquired, plus the $15 million acquisition-date value of the Company’s previously held equity interest in Gleadell, was allocated as follows:


(In millions)	Neovia		FCC		Ziegler		Gleadell		Total
Working capital	$	108	$	31	$	18	$	(6)	$	151
Property, plant, and equipment	384		17		3		13		417
Goodwill	773		94		23		10		900
Other intangible assets	669		29		35		—		733
Other long-term assets	83		—		—		9		92
Long-term liabilities	(325)		(1)		(10)		(11)		(347)
Aggregate cash consideration, net of cash acquired, plus acquisition-date fair value of previously held equity interest	$	1,692	$	170	$	69	$	15	$	1,946

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following tables set forth, by level, the Company’s assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2021 and 2020.


	Fair Value Measurements at December 31, 2021
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
			(In millions)
Assets:
Inventories carried at market	$	—	$	6,765	$	3,004	$	9,769
Unrealized derivative gains:
Commodity contracts	—		902		460		1,362
Foreign exchange contracts	—		238		—		238
Interest rate contracts	—		46		—		46
Cash equivalents	448		—		—		448

Segregated investments	1,338		—		—		1,338

Total Assets	$	1,786	$	7,951	$	3,464	$	13,201
Liabilities:
Unrealized derivative losses:
Commodity contracts	$	—	$	944	$	815	$	1,759
Foreign exchange contracts	—		191		—		191

Debt conversion option	—		—		15		15
Inventory-related payables	—		859		106		965
Total Liabilities	$	—	$	1,994	$	936	$	2,930


	Fair Value Measurements at December 31, 2020
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
			(In millions)
Assets:
Inventories carried at market	$	—	$	5,758	$	2,183	$	7,941
Unrealized derivative gains:
Commodity contracts	—		1,905		859		2,764
Foreign currency contracts	—		283		—		283
Interest rate contracts	—		61		—		61
Cash equivalents	297		—		—		297
Marketable securities	1		—		—		1
Segregated investments	1,067		—		—		1,067

Total Assets	$	1,365	$	8,007	$	3,042	$	12,414
Liabilities:
Unrealized derivative losses:
Commodity contracts	$	—	$	1,116	$	918	$	2,034
Foreign currency contracts	—		535		—		535
Interest rate contracts	—		15		—		15
Debt conversion option	—		—		34		34
Inventory-related payables	—		498		11		509
Total Liabilities	$	—	$	2,164	$	963	$	3,127

Reconciliation Of Assets Measured At Fair Value On A Recurring Basis


	Level 3 Fair Value Assets Measurements at December 31, 2021
	Inventories Carried at Market		Commodity Derivative Contracts Gains		Total
	(In millions)
Balance, December 31, 2020	$	2,183	$	859	$	3,042
Total increase (decrease) in net realized/unrealized gains included in cost of products sold	1,131		1,071		2,202
Purchases	30,357		—		30,357
Sales	(30,471)		—		(30,471)
Settlements	—		(1,437)		(1,437)
Transfers into Level 3	1,200		103		1,303
Transfers out of Level 3	(1,396)		(136)		(1,532)
Ending balance, December 31, 2021 (1)	$	3,004	$	460	$	3,464

(1) Includes increase in unrealized gains of $2.2 billion relating to Level 3 assets still held at December 31, 2021.


	Level 3 Fair Value Assets Measurements at December 31, 2020
	Inventories Carried at Market		Commodity Derivative Contracts Gains		Total
	(In millions)
Balance, December 31, 2019	$	1,477	$	201	$	1,678
Total increase (decrease) in net realized/unrealized gains included in cost of products sold	146		938		1,084
Purchases	14,185		—		14,185
Sales	(13,852)		—		(13,852)
Settlements	—		(257)		(257)
Transfers into Level 3	290		70		360
Transfers out of Level 3	(63)		(93)		(156)
Ending balance, December 31, 2020 (1)	$	2,183	$	859	$	3,042

(1) Includes increase in unrealized gains of $1.7 billion relating to Level 3 assets still held at December 31, 2020.

Reconciliation Of Liabilities Measured At Fair Value On A Recurring Basis


	Level 3 Fair Value Liabilities Measurements at December 31, 2021
	Inventory- related Payables		Commodity Derivative Contracts Losses		Debt Conversion Option		Total
	(In millions)
Balance, December 31, 2020	$	11	$	918	$	34	$	963
Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense	2		1,992		(19)		1,975
Purchases	123		—		—		123
Sales	(30)		—		—		(30)
Settlements	—		(2,191)		—		(2,191)
Transfers into Level 3	—		324		—		324
Transfers out of Level 3	—		(228)		—		(228)
Ending balance, December 31, 2021 (1)	$	106	$	815	$	15	$	936

(1) Includes increase in unrealized losses of $0.8 billion relating to Level 3 liabilities still held at December 31, 2021.


	Level 3 Fair Value Liabilities Measurements at December 31, 2020
	Inventory- related Payables		Commodity Derivative Contracts Losses		Debt Conversion Option		Total
	(In millions)
Balance, December 31, 2019	$	27	$	199	$	—	$	226
Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense	—		1,729		17		1,746
Purchases/Issuance of debt conversion option	20		—		17		37
Sales	(36)		—		—		(36)
Settlements	—		(1,059)		—		(1,059)
Transfers into Level 3	—		112		—		112
Transfers out of Level 3	—		(63)		—		(63)
Ending balance, December 31, 2020 (1)	$	11	$	918	$	34	$	963

(1) Includes increase in unrealized losses of $0.9 billion relating to Level 3 liabilities still held at December 31, 2020.

Unobservable Price Components Present in the Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table sets forth the weighted average percentage of the unobservable price components included in the Company’s Level 3 valuations as of December 31, 2021 and 2020. The Company’s Level 3 measurements may include basis only, transportation cost only, or both price components. As an example, for Level 3 inventories with basis, the unobservable component as of December 31, 2021 is a weighted average 28.7% of the total price for assets and 13.1% of the total price for liabilities.


	Weighted Average % of Total Price
	December 31, 2021		December 31, 2020
Component Type	Assets	Liabilities	Assets	Liabilities
Inventories and Related Payables
Basis	28.7%	13.1%	4.3%	13.7%
Transportation cost	13.0%	—%	10.6%	—%
Commodity Derivative Contracts
Basis	30.0%	27.1%	28.3%	0.7%
Transportation cost	8.1%	0.7%	1.9%	1.3%

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Other Derivatives Not Designated as Hedging Instruments

The following table sets forth the fair value of derivatives not designated as hedging instruments as of December 31, 2021 and 2020.


	December 31, 2021				December 31, 2020
	Assets		Liabilities		Assets		Liabilities
	(In millions)
Foreign Currency Contracts	$	217	$	116	$	283	$	270

Commodity Contracts	1,276		1,759		2,764		2,034
Debt Conversion Option	—		15		—		34
Total	$	1,493	$	1,890	$	3,047	$	2,338

The following table sets forth the pre-tax gains (losses) on derivatives not designated as hedging instruments that have been included in the consolidated statements of earnings for the years ended December 31, 2021, 2020, and 2019.


			Cost of		Other expense (income) - net
			products				Interest
(In millions)	Revenues		sold				Expense
For the Year Ended December 31, 2021
Consolidated Statement of Earnings	$	85,249	$	79,262	$	(94)	$	265

Pre-tax gains (losses) on:
Foreign Currency Contracts	$	3	$	(140)	$	189	$	—
Commodity Contracts	—		(1,606)		—
Debt Conversion Option	—		—		—		19
Total gain (loss) recognized in earnings	$	3	$	(1,746)	$	189	$	19	$	(1,535)

For the Year Ended December 31, 2020
Consolidated Statement of Earnings	$	64,355	$	59,902	$	(255)	$	339

Pre-tax gains (losses) on:
Foreign Currency Contracts	$	28	$	(496)	$	(153)	$	—
Commodity Contracts	—		(68)		—		—
Debt Conversion Option	—		—		—		(17)
Total gain (loss) recognized in earnings	$	28	$	(564)	$	(153)	$	(17)	$	(706)

For the Year Ended December 31, 2019
Consolidated Statement of Earnings	$	64,656	$	60,509	$	11	$	402

Pre-tax gains (losses) on:
Foreign Currency Contracts	$	9	$	32	$	(21)	$	—
Commodity Contracts	—		24		—		—
Total gain (loss) recognized in earnings	$	9	$	56	$	(21)	$	—	$	44

Schedule Of Derivatives Designated As Hedging Instruments

The following table sets forth the fair value of derivatives designated as hedging instruments as of December 31, 2021 and 2020.


	December 31, 2021				December 31, 2020
	Assets		Liabilities		Assets		Liabilities
	(In millions)
Foreign Currency Contracts	$	21	$	75	$	—	$	265
Commodity Contracts	86		—		—		—
Interest Rate Contracts	46		—		61		15
Total	$	153	$	75	$	61	$	280

The following table sets forth the pre-tax gains (losses) on derivatives designated as hedging instruments that have been included in the consolidated statement of earnings for the years ended December 31, 2021, 2020, and 2019.


			Cost of products sold		Interest expense		Other expense (income) - net
(In millions)	Revenues

For the Year Ended December 31, 2021
Consolidated Statement of Earnings	$	85,249	$	79,262	$	265	$	(94)

Effective amounts recognized in earnings
Pre-tax gains (losses) on:

Interest Contracts	$	(16)	$	—	$	—	$	—
Commodity Contracts	—		490		—		—
Total gain (loss) recognized in earnings	$	(16)	$	490	$	—	$	—	$	474

For the Year Ended December 31, 2020
Consolidated Statement of Earnings	$	64,355	$	59,902	339		$	(255)

Effective amounts recognized in earnings
Pre-tax gains (losses) on:

Interest Rate Contracts	$	(75)	$	—	$	(2)	$	—
Commodity Contracts	7		27		—		(2)



Total gain (loss) recognized in earnings	$	(68)	$	27	$	(2)	$	(2)	$	(45)

For the Year Ended December 31, 2019
Consolidated Statement of Earnings	$	64,656	$	60,509	$	402	$	11

Effective amounts recognized in earnings
Pre-tax gains (losses) on:

Interest Rate Contracts	$	(46)	$	—	$	1	$	—
Commodity Contracts	(44)		(11)		—		—




Total gain (loss) recognized in earnings	$	(90)	$	(11)	$	1	$	—	$	(100)

Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2021

Other Assets [Abstract]

Other Current Assets

The following table sets forth the items in other current assets:


	December 31, 2021		December 31, 2020
	(In millions)
Unrealized gains on derivative contracts	$	1,646	$	3,108

Margin deposits and grain accounts	600		500
Customer omnibus receivable	1,179		860
Financing receivables - net (1)	189		297
Insurance premiums receivable	20		35
Prepaid expenses	370		290
Biodiesel tax credit	79		101
Tax receivables	708		680
Non-trade receivables (2)	285		218
Other current assets	82		135
	$	5,158	$	6,224

Accrued Expenses And Other Payables (Tables)

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Accrued Expenses And Other Payables

The following table sets forth the items in accrued expenses and other payables:


	December 31, 2021		December 31, 2020
	(In millions)
Unrealized losses on derivative contracts	$	1,950	$	2,584

Accrued compensation	445		396
Income tax payable	132		41
Other taxes payable	168		127

Insurance claims payable	220		238
Contract liability	581		626

Other accruals and payables	1,294		931
	$	4,790	$	4,943

Investments In And Advances To Affiliates (Tables)

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Combined Balance Sheets And Statements Of Earnings Of The Company's Unconsolidated Affiliates

The following table summarizes the combined balance sheets as of December 31, 2021 and 2020, and the combined statements of earnings of the Company’s unconsolidated affiliates for the years ended December 31, 2021, 2020, and 2019.


	December 31
(In millions)	2021		2020
Current assets	$	34,955	$	29,508
Non-current assets	27,938		23,853
Current liabilities	(30,002)		(25,969)
Non-current liabilities	(8,362)		(7,191)
Noncontrolling interests	(2,630)		(1,075)
Net assets	$	21,899	$	19,126


	Year Ended December 31
(In millions)	2021		2020		2019
Revenues	$	87,528	$	59,195	$	50,596
Gross profit	7,719		5,070		5,334
Net income	2,315		2,093		1,455

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Balances Attributable To Consolidated Businesses And Investments In Affiliates, By Segment

Goodwill balances attributable to consolidated businesses, by segment, are set forth in the following table.


	December 31, 2021		December 31, 2020
	(In millions)
Ag Services and Oilseeds	$	204	$	212

Carbohydrate Solutions	240		263
Nutrition	3,734		2,972
Other Business	4		4
Total	$	4,182	$	3,451

Schedule of other intangible assets

The following table sets forth the other intangible assets:


				December 31, 2021						December 31, 2020
	Useful			Gross		Accumulated				Gross		Accumulated
	Life			Amount		Amortization		Net		Amount		Amortization		Net
	(In years)			(In millions)
Intangible assets with indefinite lives:
Trademarks/brands				$	409	$	—	$	409	$	429	$	—	$	429

Other				—		—		—		1		—		1

Intangible assets with definite lives:
Trademarks/brands	5	to	20	105		(20)		85		39		(16)		23
Customer lists	5	to	30	1,580		(454)		1,126		1,196		(390)		806

Capitalized software and related costs	1	to	8	714		(383)		331		464		(354)		110
Land rights	2	to	50	122		(28)		94		177		(35)		142
Other intellectual property	6	to	20	276		(100)		176		241		(79)		162
Recipes and other	3	to	35	487		(230)		257		489		(200)		289
Intangible assets in process				87		—		87		172		—		172
Total				$	3,780	$	(1,215)	$	2,565	$	3,208	$	(1,074)	$	2,134

Debt Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Long-Term Debt

The Company’s long-term debt consisted of the following:


Debt Instrument
Interest Rate	Face Amount	Due Date	December 31, 2021		December 31, 2020
			(In millions)
2.5% Notes	$1 billion	2026	$	996	$	995

3.25% Notes	$1 billion	2030	988		987

1% Notes	€650 million	2025	735		789

2.700% Notes	$750 million	2051	730		—

1.75% Notes	€600 million	2023	681		731

4.5% Notes	$600 million	2049	588		588

Fixed to Floating Rate Notes	€500 million	2022	569		—

5.375% Debentures	$432 million	2035	425		424

3.75% Notes	$408 million	2047	402		402

5.935% Debentures	$336 million	2032	333		333

0% Bonds	$300 million	2023	310		330

5.765% Debentures	$297 million	2041	297		297

4.535% Debentures	$383 million	2042	283		281

4.016% Debentures	$371 million	2043	258		255

7% Debentures	$160 million	2031	159		159

6.95% Debentures	$157 million	2097	154		154

7.5% Debentures	$147 million	2027	147		146

6.625% Debentures	$144 million	2029	144		144

6.75% Debentures	$103 million	2027	103		103

6.45% Debentures	$103 million	2038	102		102

2.75% Notes	$500 million	2025	—		493









Other			177		174
Total long-term debt including current maturities			8,581		7,887
Current maturities			(570)		(2)
Total long-term debt			$	8,011	$	7,885

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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-Topic 235
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

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+ Details

Stock Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Assumptions Used To Value Share-Based Compensation

The assumptions used in the Black-Scholes single option pricing model for 2019 were as follows. No options were granted in 2021 and 2020.


	Year Ended December 31
	2021	2020	2019
Dividend yield	—%	—%	3%
Risk-free interest rate	—%	—%	2%
Stock volatility	—%	—%	22%
Average expected life (years)	0	0	6

Summary Of Option Activity During The Period

A summary of option activity during 2021 is presented below:


	Shares	Weighted-Average Exercise Price
	(In thousands, except per share amounts)
Shares under option at December 31, 2020	6,269	$37.40
Granted	—	0.00
Exercised	(1,683)	37.98
Forfeited or expired	(2)	27.65
Shares under option at December 31, 2021	4,584	$37.20

Exercisable at December 31, 2021	4,584	$37.20

Summary Of Restricted Stock Awards And PSUs Activity During The Period

A summary of Restricted Stock Awards and PSUs activity during 2021 is presented below:


	Restricted Stock Awards and PSUs	Weighted Average Grant-Date Fair Value
	(In thousands, except per share amounts)
Non-vested at December 31, 2020	7,372	$43.56
Granted	2,730	53.28
Vested	(2,798)	43.09
Forfeited	(169)	52.17
Non-vested at December 31, 2021	7,135	$47.27

Other (Income) Expense - Net (Tables)

12 Months Ended

Dec. 31, 2021

Other Income and Expenses [Abstract]

Other (Income) Expense - Net

The following table sets forth the items in other (income) expense:


(In millions)	Year Ended December 31
	2021		2020		2019


(Gain) loss on sales of assets and businesses	$	(100)	$	(138)	$	39
Pension settlement	83		—		—




Other – net	(77)		(117)		(28)
	$	(94)	$	(255)	$	11

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components Of Earnings Before Income Taxes by Geographic Region

The following table sets forth the geographic split of earnings before income taxes:


	Year Ended
(In millions)	December 31
	2021		2020		2019

United States	$	2,140	$	442	$	756
Foreign	1,173		1,441		832
	$	3,313	$	1,883	$	1,588

Significant Components Of Income Taxes

Significant components of income taxes are as follows:


(In millions)	Year Ended December 31
	2021		2020		2019
Current
Federal	$	404	$	(164)	$	37
State	79		4		11
Foreign	224		186		181
Deferred
Federal	(59)		41		47
State	(12)		(10)		1
Foreign	(58)		44		(68)
	$	578	$	101	$	209

Significant Components Of Deferred Tax Liabilities And Assets

Significant components of deferred tax liabilities and assets are as follows:


	December 31, 2021		December 31, 2020
	(In millions)
Deferred tax liabilities
Property, plant, and equipment	$	875	$	903
Intangibles	403		334
Right of use assets	214		223
Equity in earnings of affiliates	153		64
Inventory reserves	29		25
Debt exchange	53		53
Reserves and other accruals	65		195
Other	185		173
	$	1,977	$	1,970
Deferred tax assets
Pension and postretirement benefits	$	137	$	163

Lease liabilities	220		227
Stock compensation	53		80

Foreign tax loss carryforwards	465		470
Capital loss carryforwards	74		70
State tax attributes	21		79

Reserves and other accruals	158		42
Other	44		136
Gross deferred tax assets	1,172		1,267
Valuation allowances	(281)		(339)
Net deferred tax assets	$	891	$	928

Net deferred tax liabilities	$	1,086	$	1,042

The net deferred tax liabilities are classified as follows:




Noncurrent assets	$	27	$	—
Noncurrent assets (foreign)	299		260
Noncurrent liabilities	(1,079)		(957)
Noncurrent liabilities (foreign)	(333)		(345)
	$	(1,086)	$	(1,042)

Reconciliation Of The Statutory Federal Income Tax Rate To The Company's Effective Tax Rate On Earnings

Reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate on earnings is as follows:


	Year Ended
	December 31
	2021		2020		2019

Statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal tax benefit	1.5		(0.3)		0.6
Foreign earnings taxed at rates other than the U.S. statutory rate	(3.9)		(4.5)		(0.9)
Foreign currency effects/remeasurement	—		(1.1)		0.7
Income tax adjustment to filed returns	0.7		(0.4)		0.2
Tax benefit on U.S. biodiesel credits	(1.9)		(3.3)		(7.5)
Tax benefit on U.S. railroad credits	(2.0)		(8.0)		(3.6)

Tax on Global Intangible Low Taxed Income (GILTI)	1.1		2.9		1.4
Tax benefit on Foreign Derived Intangible Income Deduction (FDII)	(0.5)		(0.1)		—

Valuation allowances	0.7		—		—

Other	0.7		(0.8)		1.3
Effective income tax rate	17.4	%	5.4	%	13.2	%

Unrecognized Tax Benefits

The following table sets forth a rollforward of activity of unrecognized tax benefits for the year ended December 31, 2021 and 2020 as follows:


	Unrecognized Tax Benefits
	December 31, 2021		December 31, 2020
	(In millions)
Beginning balance	$	151	$	130
Additions related to current year’s tax positions	7		2
Additions related to prior years’ tax positions	15		37
Additions (adjustments) related to acquisitions	—		(1)
Reductions related to prior years’ tax positions	—		(3)
Reductions related to lapse of statute of limitations	(9)		(9)
Settlements with tax authorities	(7)		(5)
Ending balance	$	157	$	151

Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lease, Cost [Table Text Block]

The following table sets forth the amounts relating to the Company’s total lease cost and other information.


	Year Ended
	December 31, 2021			December 31, 2020
	(In millions)
Lease cost:
Operating lease cost	$	336		$	315
Short-term lease cost	117			101
Total lease cost	$	453		$	416

Other information:
Operating lease liability principal payments	$	325		$	302
Right-of-use assets obtained in exchange for new operating lease liabilities	$	197		$	314

	December 31, 2021			December 31, 2020
Weighted-average remaining lease term - operating leases (in years)	6			7
Weighted average discount rate - operating leases	3.8		%	4.2		%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Below is a tabular disclosure of the future annual undiscounted cash flows for operating lease liabilities as of December 31, 2021.


	Undiscounted
	Cash Flows
	(In millions)
2022	$	310
2023	259
2024	194
2025	126
2026	68
Thereafter	225
Total	1,182

Less interest (1)	(140)
Lease liability	$	1,042

(1) Calculated using the implicit rate of the lease, if available, or the incremental borrowing rate that is appropriate for the tenor and geography of the lease.

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Retirement Plan Expense

The following table sets forth the components of retirement plan expense for the years ended December 31, 2021, 2020, and 2019:


	Pension Benefits						Postretirement Benefits
(In millions)	Year Ended December 31						Year Ended December 31
	2021		2020		2019		2021		2020		2019
Retirement plan expense
Defined benefit plans:
Service cost (benefits earned during the period)	$	64	$	61	$	58	$	1	$	1	$	2
Interest cost	48		70		82		2		4		5
Expected return on plan assets	(95)		(126)		(115)		—		—		—
Settlement charges	83		—		96		—		—		3


Amortization of actuarial loss	33		38		26		6		6		4
Amortization of prior service cost (credit)	(20)		(19)		(19)		(2)		(13)		(15)
Net periodic defined benefit plan expense	113		24		128		7		(2)		(1)
Defined contribution plans	61		54		58		—		—		—
Total retirement plan expense	$	174	$	78	$	186	$	7	$	(2)	$	(1)

Changes In Defined Benefit Obligation And Fair Value Of Defined Benefit Plan Assets

The following tables set forth changes in the defined benefit obligation and the fair value of defined benefit plan assets for the years ended December 31, 2021 and 2020:


	Pension Benefits				Postretirement Benefits
	December 31 2021		December 31 2020		December 31 2021		December 31 2020
	(In millions)				(In millions)
Benefit obligation, beginning	$	3,014	$	2,650	$	173	$	167
Service cost	64		61		1		1
Interest cost	48		70		2		4
Actuarial loss (gain)	(152)		285		(5)		17
Employee contributions	2		2		—		—


Settlements	(715)		(17)		—		—


Benefits paid	(51)		(84)		(17)		(14)


Foreign currency effects	(32)		47		—		(2)
Benefit obligation, ending	$	2,178	$	3,014	$	154	$	173

Fair value of plan assets, beginning	$	2,337	$	2,018	$	—	$	—
Actual return on plan assets	146		317		—		—
Employer contributions	30		85		17		14
Employee contributions	2		2		—		—
Settlements	(715)		(18)		—		—


Benefits paid	(51)		(84)		(17)		(14)

Foreign currency effects	(7)		17		—		—
Fair value of plan assets, ending	$	1,742	$	2,337	$	—	$	—

Funded status	$	(436)	$	(677)	$	(154)	$	(173)

Prepaid benefit cost	$	121	$	29	$	—	$	—
Accrued benefit liability – current	(18)		(19)		(15)		(16)
Accrued benefit liability – long-term	(539)		(687)		(139)		(157)
Net amount recognized in the balance sheet	$	(436)	$	(677)	$	(154)	$	(173)

Principal Assumptions In Developing Net Periodic Pension Cost

The following table sets forth the principal assumptions used in developing net periodic benefit cost:

Pension Benefits

Postretirement Benefits

December 31
2021

December 31
2020

December 31
2021

December 31
2020

Discount rate

2.3%

2.9%

2.3%

3.2%

Expected return on plan assets

6.0%

6.6%

N/A

Rate of compensation increase

4.8%

4.9%

N/A

Interest crediting rate

2.0%

2.2%

N/A

The following table sets forth the principal assumptions used in developing the year-end actuarial present value of the projected benefit obligations:


	Pension Benefits				Postretirement Benefits
	December 31 2021		December 31 2020		December 31 2021	December 31 2020
Discount rate	2.5	%	2.3	%	2.7%	2.3%
Rate of compensation increase	4.2	%	4.8	%	N/A	N/A
Interest crediting rate	1.9	%	2.0	%	N/A	N/A

Schedule Of Fair Value Of Plan Assets

The following tables set forth, by level within the fair value hierarchy, the fair value of plan assets as of December 31, 2021 and 2020.


	Fair Value Measurements at December 31, 2021
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In millions)
Common stock	$	135	$	—	$	—	$	135


Mutual funds	426		—		—		426









Corporate bonds	—		304		—		304
U.S. Treasury instruments	226		—		—		226
U.S. government agency, state and local government bonds	—		3		—		3
Other	—		8		—		8
Total assets	$	787	$	315	$	—	$	1,102

Common collective trust funds at NAV
U.S. equity							34
International equity							193
Fixed income							285
Other							128
Total assets at fair value							$	1,742


	Fair Value Measurements at December 31, 2020
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In millions)
Common stock	$	251	$	—	$	—	$	251


Mutual funds	666		—		—		666










Corporate bonds	—		328		—		328
U.S. Treasury instruments	345		—		—		345
U.S. government agency, state and local government bonds	—		4		—		4
Other	—		9		—		9
Total assets	$	1,262	$	341	$	—	$	1,603

Common collective trust funds at NAV
U.S. equity							23
International equity							316
Fixed income							245
Other							150
Total assets at fair value							$	2,337

Actual Asset Allocation For Global Pension Plan Assets

The following table sets forth the actual asset allocation for the Company’s global pension plan assets as of the measurement date:


	December 31 2021(1)(2)	December 31 2020(2)
Equity securities	47%	54%
Debt securities	44%	35%
Other	9%	11%
Total	100%	100%

(1)The Company’s U.S. pension plans contain approximately 64% of the Company’s global pension plan assets. The actual asset allocation for the Company’s U.S. pension plans as of the measurement date consists of 50% equity securities and 50% debt securities. The target asset allocation for the Company’s U.S. pension plans is approximately the same as the actual asset allocation. The actual asset allocation for the Company’s foreign pension plans as of the measurement date consists of 41% equity securities, 17% debt securities, and 42% other. The target asset allocation for the Company’s foreign pension plans is approximately the same as the actual asset allocation.

(2)The Company’s pension plans did not directly hold any shares of Company common stock as of the December 31, 2021 and 2020 measurement dates.

Expected Future Benefit Payments To Be Paid

The following benefit payments, which reflect expected future service, are expected to be paid by the benefit plans:


	Pension Benefits		Postretirement Benefits
	(In millions)
2022	$	57	$	15
2023	62		14
2024	67		13
2025	73		13
2026	80		11
2027-2031	474		46

Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following tables set forth the changes in AOCI by component and the reclassifications out of AOCI for the years ended December 31, 2021 and 2020:


	Foreign Currency Translation Adjustment		Deferred Gain (Loss) on Hedging Activities		Pension and Other Postretirement Benefit Liabilities Adjustment		Unrealized Gain (Loss) on Investments		Accumulated Other Comprehensive Income (Loss)
					(In millions)
Balance at December 31, 2019	$	(2,152)	$	(12)	$	(268)	$	27	$	(2,405)
Other comprehensive income before reclassifications	29		209		(120)		(27)		91
Gain (loss) on net investment hedges	(398)		—		—		—		(398)
Amounts reclassified from AOCI	—		45		7		—		52
Tax effect	97		(57)		16		—		56
Net of tax amount	(272)		197		(97)		(27)		(199)
Balance at December 31, 2020	$	(2,424)	$	185	$	(365)	$	—	$	(2,604)
Other comprehensive income before reclassifications	(119)		507		190		(2)		576
Gain (loss) on net investment hedges	398		—		—		—		398
Amounts reclassified from AOCI	—		(474)		99		—		(375)
Tax effect	(103)		7		(71)		—		(167)
Net of tax amount	176		40		218		(2)		432
Balance at December 31, 2021	$	(2,248)	$	225	$	(147)	$	(2)	$	(2,172)

Reclassification Out of Accumulated Other Comprehensive Income [Table Text Block]


	Amounts reclassified from AOCI Year Ended December 31						Affected line item in the consolidated statement of
Details about AOCI components	2021		2020		2019		earnings
	(In millions)
Foreign currency translation adjustment
	$	—	$	—	$	7	Other income/expense
	—		—		—		Tax
	$	—	$	—	$	7	Net of tax

Deferred loss (gain) on hedging activities
	$	(490)	$	(27)	$	11	Cost of products sold
	—		2		46		Other income/expense
	—		2		(1)		Interest expense
	16		68		44		Revenues
	(474)		45		100		Total before tax
	118		7		(13)		Tax on reclassifications
	$	(356)	$	52	$	87	Net of tax
Pension liability adjustment
Amortization of defined benefit pension items:
Prior service losses (credit)	$	(77)	$	(32)	$	(26)	Other (income) expense - net
Actuarial losses	176		39		17		Other (income) expense - net
	99		7		(9)		Total before tax
	(26)		(11)		18		Tax on reclassifications
	$	73	$	(4)	$	9	Net of tax
Unrealized loss (gain) on investments
	$	—	$	—	$	(1)	Other income/expense

	—		—		—		Tax on reclassifications
	$	—	$	—	$	(1)	Net of tax

Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Information


	Year Ended
(In millions)	December 31
	2021		2020		2019
Gross revenues

Ag Services and Oilseeds	$	70,455	$	55,667	$	54,633
Carbohydrate Solutions	12,672		9,423		11,154
Nutrition	6,933		5,959		5,786
Other	380		367		352
Intersegment elimination	(5,191)		(7,061)		(7,269)
Total	$	85,249	$	64,355	$	64,656

Intersegment revenues

Ag Services and Oilseeds	$	3,408	$	5,951	$	5,892
Carbohydrate Solutions	1,562		951		1,268
Nutrition	221		159		109

Total	$	5,191	$	7,061	$	7,269

Revenues from external customers






Ag Services and Oilseeds
Ag Services	$	45,017	$	32,726	$	31,705
Crushing	11,368		9,593		9,479
Refined Products and Other	10,662		7,397		7,557
Total Ag Services and Oilseeds	67,047		49,716		48,741

Carbohydrate Solutions
Starches and Sweeteners	7,611		6,387		6,854
Vantage Corn Processors	3,499		2,085		3,032
Total Carbohydrate Solutions	11,110		8,472		9,886

Nutrition
Human Nutrition	3,189		2,812		2,745
Animal Nutrition	3,523		2,988		2,932
Total Nutrition	6,712		5,800		5,677


Other	380		367		352

Total	$	85,249	$	64,355	$	64,656


	Year Ended
(In millions)	December 31
	2021		2020		2019
Depreciation

Ag Services and Oilseeds	$	349	$	351	$	361
Carbohydrate Solutions	322		305		320
Nutrition	101		114		113
Other	8		6		6
Corporate	27		24		23
Total	$	807	$	800	$	823

Long-lived asset abandonments and write-downs(1)

Ag Services and Oilseeds	$	10	$	8	$	130
Carbohydrate Solutions	13		—		1
Nutrition	50		13		—
Corporate	—		7		—
Total	$	73	$	28	$	131

Investment income

Ag Services and Oilseeds	$	27	$	39	$	51

Nutrition	1		2		1
Other	16		40		125
Corporate	52		30		19
Total	$	96	$	111	$	196

Equity in earnings of affiliates

Ag Services and Oilseeds	$	500	$	475	$	378
Carbohydrate Solutions	70		81		60
Nutrition	24		22		17

Corporate	1		1		(1)
Total	$	595	$	579	$	454

(1) See Note 18 for total asset impairment, exit, and restructuring costs.


	Year Ended
(In millions)	December 31
	2021		2020		2019
Segment Operating Profit

Ag Services and Oilseeds	$	2,775	$	2,105	$	1,935
Carbohydrate Solutions	1,283		717		644
Nutrition	691		574		418
Other	25		52		85
Specified Items:
Gains on sales of assets and businesses(1)	77		83		12
Impairment, restructuring, exit, and settlement charges(2)	(213)		(76)		(146)

Total segment operating profit	4,638		3,455		2,948
Corporate	(1,325)		(1,572)		(1,360)
Earnings before income taxes	$	3,313	$	1,883	$	1,588

(1) The gains in 2021 were related to the sale of certain ethanol and other assets. The gains in 2020 were related to the sale of a portion of the Company’s shares in Wilmar and certain other assets. The gains in 2019 were related to the sale of certain assets and a step-up gain on an equity investment.

(2) The charges in 2021 were related to the impairment of certain long-lived assets, goodwill, and other intangibles, restructuring, and a legal settlement. The charges in 2020 were related to the impairment of certain assets, restructuring, and settlement. The charges in 2019 were primarily related to the impairment of certain assets.

.


(In millions)	December 31
	2021		2020
Investments in and advances to affiliates

Ag Services and Oilseeds	$	4,826	$	4,402
Carbohydrate Solutions	358		392
Nutrition	56		102

Corporate	45		17
Total	$	5,285	$	4,913

Identifiable assets

Ag Services and Oilseeds	$	25,976	$	24,792
Carbohydrate Solutions	6,238		5,963
Nutrition	10,142		8,652
Other	9,235		7,152
Corporate	4,545		3,160
Total	$	56,136	$	49,719

(In millions)	Year Ended December 31
	2021		2020
Gross additions to property, plant, and equipment

Ag Services and Oilseeds	$	451	$	261
Carbohydrate Solutions	260		251
Nutrition	242		149
Other	7		8
Corporate	45		30
Total	$	1,005	$	699

Geographic Information

Geographic information: The following geographic data include revenues attributed to the countries based on the location of the subsidiary making the sale and long-lived assets based on physical location. Long-lived assets represent the net book value of property, plant, and equipment.


	Year Ended
(In millions)	December 31
	2021		2020		2019
Revenues
United States	$	35,396	$	25,986	$	27,509
Switzerland	18,453		13,819		13,016
Cayman Islands	5,515		3,958		4,374
Brazil	3,213		2,357		2,381
Mexico	2,934		2,244		2,068
United Kingdom	1,848		1,519		1,563
Other Foreign	17,890		14,472		13,745
	$	85,249	$	64,355	$	64,656


(In millions)	December 31
	2021		2020
Long-lived assets
United States	$	6,098	$	6,157
Brazil	760		781
Other Foreign	2,945		2,841
	$	9,803	$	9,779

Asset Impairment, Exit, And Restructuring Costs (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring, Settlement and Impairment Provisions [Abstract]

Asset Impairment, Exit, and Restructuring Costs

The following table sets forth the charges included in asset impairment, exit, and restructuring costs.


(In millions)	Year Ended December 31
	2021		2020		2019

Restructuring and exit costs (1)	$	39	$	26	$	161


Impairment charge - goodwill and other intangible assets (2)	52		26		11
Impairment charge - other long-lived assets (3)	73		28		131
Total asset impairment, exit, and restructuring costs	$	164	$	80	$	303

Summary of Significant Accounting Policies (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reclassifications
Gain (Loss) on Investments	$ 49	$ 23	$ 4
Intangible Assets, Gross (Excluding Goodwill)	3,780	3,208
Receivables
Accounts Receivable, Allowance for Credit Loss	122	100
Provision for Other Credit Losses	32	47	23
Inventory Disclosure [Abstract]
Cost of products sold	(79,262)	(59,902)	(60,509)
Net Income (Loss) Attributable to Parent	$ 2,709	$ 1,772	$ 1,379
Diluted earnings per common share (dollars per share)	$ 4.79	$ 3.15	$ 2.44
Inventory, LIFO Reserve, Period Charge		$ 147
Inventory, LIFO Reserve, Period Charge, After-tax		$ 113
Inventory, LIFO Reserve, Period Charge, Per Share		$ 0.20
Cost Method Investments
Equity Securities, FV-NI and without Readily Determinable Fair Value	$ 297	$ 178
Property, Plant, and Equipment
Capitalized interest on major construction projects	17	14	$ 15
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Asset Impairment	52	26	11
Asset Abandonments and Write-Downs
Asset Abandonments and Impairments	73	28	131
Research and Development
Research and development expenses, net of expenditures subsequently reimbursed by government grants	171	160	154
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(22,508)	(20,022)	(19,225)	$ (18,996)
In Process Software
Reclassifications
Intangible Assets, Gross (Excluding Goodwill)	87	172
Change in Accounting Principle, Other [Member]
Inventory Disclosure [Abstract]
Cost of products sold		91
Net Income (Loss) Attributable to Parent		$ 69
Diluted earnings per common share (dollars per share)		$ 0.12
Reinvested Earnings [Member]
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (21,655)		(18,958)	$ (18,527)
Reinvested Earnings [Member] \| Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest			8
Accounting Standards Update 2019-05
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest			8
Accounting Standards Update 2019-05 \| Reinvested Earnings [Member]
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest			$ 8
Minimum [Member]
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Asset, Useful Life	1 year
Minimum [Member] \| Building [Member]
Property, Plant, and Equipment
Property, Plant and Equipment, Useful Life	15 years
Minimum [Member] \| Machinery And Equipment [Member]
Property, Plant, and Equipment
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member]
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Asset, Useful Life	50 years
Maximum [Member] \| Building [Member]
Property, Plant, and Equipment
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] \| Machinery And Equipment [Member]
Property, Plant, and Equipment
Property, Plant and Equipment, Useful Life	40 years

Summary Of Significant Accounting Policies (Schedule Of Inventories) (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
LIFO inventories
FIFO inventories	$ 4,260	$ 3,310
Market inventories	9,769	7,941
Supplies and other inventories	452	462
Total inventories	$ 14,481	$ 11,713

Revenues Revenues (Details) - USD ($) $ in Millions	12 Months Ended
Revenues Revenues (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 85,249	$ 64,355	$ 64,656
Contract with Customer, Liability, Current	581	626
Contract with Customer, Liability, Revenue Recognized	626	604
Ag Services and Oilseeds [Member]
Disaggregation of Revenue [Line Items]
Revenues	67,047	49,716	48,741
Ag Services [Member]
Disaggregation of Revenue [Line Items]
Revenues		32,726	31,705
Crushing [Member]
Disaggregation of Revenue [Line Items]
Revenues		9,593	9,479
Refined Products and Other [Member]
Disaggregation of Revenue [Line Items]
Revenues		7,397	7,557
Carbohydrate Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	11,110	8,472	9,886
Starches and sweeteners [Member]
Disaggregation of Revenue [Line Items]
Revenues		6,387	6,854
Vantage Corn Processors
Disaggregation of Revenue [Line Items]
Revenues		2,085	3,032
Nutrition [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,712	5,800	5,677
Human Nutrition
Disaggregation of Revenue [Line Items]
Revenues		2,812	2,745
Animal Nutrition [Member]
Disaggregation of Revenue [Line Items]
Revenues		2,988	2,932
Other Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	380	367	352
Non MTM Products and Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	22,793	19,101	22,389
Non MTM Products and Services [Member] \| Ag Services and Oilseeds [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,336	6,093	8,174
Non MTM Products and Services [Member] \| Ag Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	3,437	3,531	5,208
Non MTM Products and Services [Member] \| Crushing [Member]
Disaggregation of Revenue [Line Items]
Revenues	441	467	736
Non MTM Products and Services [Member] \| Refined Products and Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,458	2,095	2,230
Non MTM Products and Services [Member] \| Carbohydrate Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	9,365	6,841	8,186
Non MTM Products and Services [Member] \| Starches and sweeteners [Member]
Disaggregation of Revenue [Line Items]
Revenues	5,866	4,756	5,154
Non MTM Products and Services [Member] \| Vantage Corn Processors
Disaggregation of Revenue [Line Items]
Revenues	3,499	2,085	3,032
Non MTM Products and Services [Member] \| Nutrition [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,712	5,800	5,677
Non MTM Products and Services [Member] \| Human Nutrition
Disaggregation of Revenue [Line Items]
Revenues	3,189	2,812	2,745
Non MTM Products and Services [Member] \| Animal Nutrition [Member]
Disaggregation of Revenue [Line Items]
Revenues	3,523	2,988	2,932
Non MTM Products and Services [Member] \| Other Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	380	367	352
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	22,187	18,678	21,874
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Ag Services and Oilseeds [Member]
Disaggregation of Revenue [Line Items]
Revenues	5,730	5,670	7,659
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Ag Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,831	3,108	4,693
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Crushing [Member]
Disaggregation of Revenue [Line Items]
Revenues	441	467	736
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Refined Products and Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,458	2,095	2,230
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Carbohydrate Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	9,365	6,841	8,186
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Starches and sweeteners [Member]
Disaggregation of Revenue [Line Items]
Revenues	5,866	4,756	5,154
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Vantage Corn Processors
Disaggregation of Revenue [Line Items]
Revenues	3,499	2,085	3,032
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Nutrition [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,712	5,800	5,677
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Human Nutrition
Disaggregation of Revenue [Line Items]
Revenues	3,189	2,812	2,745
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Animal Nutrition [Member]
Disaggregation of Revenue [Line Items]
Revenues	3,523	2,988	2,932
Non MTM Products and Services [Member] \| Transferred at Point in Time [Member] \| Other Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	380	367	352
Non MTM Products and Services [Member] \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	606	423	515
Non MTM Products and Services [Member] \| Transferred over Time [Member] \| Ag Services and Oilseeds [Member]
Disaggregation of Revenue [Line Items]
Revenues	606	423	515
Non MTM Products and Services [Member] \| Transferred over Time [Member] \| Ag Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	606	423	515
Mark-to-Market Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	62,456	45,254	42,267
Mark-to-Market Products [Member] \| Ag Services and Oilseeds [Member]
Disaggregation of Revenue [Line Items]
Revenues	60,711	43,623	40,567
Mark-to-Market Products [Member] \| Ag Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	41,580	29,195	26,497
Mark-to-Market Products [Member] \| Crushing [Member]
Disaggregation of Revenue [Line Items]
Revenues	10,927	9,126	8,743
Mark-to-Market Products [Member] \| Refined Products and Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	8,204	5,302	5,327
Mark-to-Market Products [Member] \| Carbohydrate Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,745	1,631	1,700
Mark-to-Market Products [Member] \| Starches and sweeteners [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 1,745	$ 1,631	$ 1,700

Acquisitions (Details) $ in Millions	12 Months Ended
Acquisitions (Details) $ in Millions	Dec. 31, 2021 USD ($) entity	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Feb. 28, 2019
Business Acquisition [Line Items]
Number of Businesses Acquired \| entity	5
Payments to Acquire Businesses, Gross	$ 1,600		$ 2,000
Cash Acquired from Acquisition	21		95
Purchase price allocated to working capital	116		151
Purchase price allocated to property, plant and equipment	212		417
Goodwill	4,182	$ 3,451
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	569	733	733
Purchase price allocated to other non-current assets	2		92
Purchase price allocated to long-term liabilities	(45)		(347)
Business Combination, Consideration Transferred	1,564	18	1,946
Business Acquisition, Goodwill, Expected Tax Deductible Amount	313		94
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain			4
Goodwill, Acquired During Period	860		900
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	(150)
Gleadell [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				50.00%
Anco [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain		$ 2
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		70.00%
Neovia [Member]
Business Acquisition [Line Items]
Purchase price allocated to working capital			108
Purchase price allocated to property, plant and equipment			384
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 669	669
Purchase price allocated to other non-current assets			83
Purchase price allocated to long-term liabilities			(325)
Business Combination, Consideration Transferred			1,692
Goodwill, Acquired During Period			773
FCC [Member]
Business Acquisition [Line Items]
Purchase price allocated to working capital			31
Purchase price allocated to property, plant and equipment			17
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		29	29
Purchase price allocated to other non-current assets			0
Purchase price allocated to long-term liabilities			(1)
Business Combination, Consideration Transferred			170
Goodwill, Acquired During Period			94
Ziegler [Member]
Business Acquisition [Line Items]
Purchase price allocated to working capital			18
Purchase price allocated to property, plant and equipment			3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		35	35
Purchase price allocated to other non-current assets			0
Purchase price allocated to long-term liabilities			(10)
Business Combination, Consideration Transferred			69
Goodwill, Acquired During Period			23
Gleadell [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value			15
Purchase price allocated to working capital			(6)
Purchase price allocated to property, plant and equipment			13
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			0
Purchase price allocated to other non-current assets			9
Purchase price allocated to long-term liabilities			(11)
Business Combination, Consideration Transferred			15
Goodwill, Acquired During Period			10
2019 Acquisitions [Member]
Business Acquisition [Line Items]
Goodwill, Acquired During Period			$ 900
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		15
Purchase price allocated to working capital	6	16
Purchase price allocated to property, plant and equipment	8	1
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	11
Purchase price allocated to other non-current assets	2
Purchase price allocated to long-term liabilities	0	(1)
Business Combination, Consideration Transferred	68
Goodwill, Acquired During Period	41	2
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	0
P4
Business Acquisition [Line Items]
Purchase price allocated to working capital	11
Purchase price allocated to property, plant and equipment	73
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	249
Purchase price allocated to other non-current assets	0
Purchase price allocated to long-term liabilities	0
Business Combination, Consideration Transferred	$ 496
Business Acquisition, Percentage of Voting Interests Acquired	75.00%
Goodwill, Acquired During Period	$ 313
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	$ (150)
Period when fixed multiple of EBITDA is calculated, in months	12 months
P4 \| P4
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	25.00%
Sojaprotein
Business Acquisition [Line Items]
Purchase price allocated to working capital	$ 71
Purchase price allocated to property, plant and equipment	83
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	51
Purchase price allocated to other non-current assets	0
Purchase price allocated to long-term liabilities	(2)
Business Combination, Consideration Transferred	356
Goodwill, Acquired During Period	153
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	0
Anco [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value		3
Deerland
Business Acquisition [Line Items]
Purchase price allocated to working capital	28
Purchase price allocated to property, plant and equipment	48
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	258
Purchase price allocated to other non-current assets	0
Purchase price allocated to long-term liabilities	(43)
Business Combination, Consideration Transferred	644
Goodwill, Acquired During Period	353
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	0
Trademarks and Brands [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	67	16
Trademarks and Brands [Member] \| Neovia [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		12
Trademarks and Brands [Member] \| FCC [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		0
Trademarks and Brands [Member] \| Ziegler [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		4
Trademarks and Brands [Member] \| Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	3
Trademarks and Brands [Member] \| P4
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	9
Trademarks and Brands [Member] \| Sojaprotein
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	6
Trademarks and Brands [Member] \| Deerland
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	49
Customer Lists [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	448	324
Customer Lists [Member] \| Neovia [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		304
Customer Lists [Member] \| FCC [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		15
Customer Lists [Member] \| Ziegler [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		5
Customer Lists [Member] \| Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	5
Customer Lists [Member] \| P4
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	224
Customer Lists [Member] \| Sojaprotein
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	45
Customer Lists [Member] \| Deerland
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	174
Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	38	199
Technology-Based Intangible Assets [Member] \| Neovia [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		159
Technology-Based Intangible Assets [Member] \| FCC [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		14
Technology-Based Intangible Assets [Member] \| Ziegler [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 26
Technology-Based Intangible Assets [Member] \| Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	3
Technology-Based Intangible Assets [Member] \| P4
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	0
Technology-Based Intangible Assets [Member] \| Sojaprotein
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	0
Technology-Based Intangible Assets [Member] \| Deerland
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	35
Recipes
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	16
Recipes \| Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	0
Recipes \| P4
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	16
Recipes \| Sojaprotein
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	0
Recipes \| Deerland
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 0
Minimum [Member] \| Trademarks and Brands [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years	5 years
Minimum [Member] \| Customer Lists [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years	10 years
Minimum [Member] \| Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years	6 years
Minimum [Member] \| Recipes
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Maximum [Member] \| Trademarks and Brands [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years	15 years
Maximum [Member] \| Customer Lists [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	20 years	20 years
Maximum [Member] \| Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years	10 years
Trademarks and Brands [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 194
Trademarks and Brands [Member] \| Neovia [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 194

Fair Value Measurements (Narrative) (Details) - Significant Unobservable Inputs (Level 3) [Member] - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value Measurements [Line Items]
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss)	$ 2.2	$ 1.7
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss)	$ 0.8	$ 0.9
Assets [Member] \| Weighted Average [Member] \| Fair Value, Recurring [Member] \| Inventories Component [Member]
Fair Value Measurements [Line Items]
Basis	28.70%	4.30%
Liabilities [Member] \| Weighted Average [Member] \| Fair Value, Recurring [Member] \| Inventories Component [Member]
Fair Value Measurements [Line Items]
Basis	13.10%	13.70%

Fair Value Measurements (Fair Value Measurements At Reporting Date) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets:
Inventories carried at market	$ 9,769	$ 7,941
Cash Equivalents	448	297
Debt Securities, Available-for-sale		1
Segregated investments	1,338	1,067
Total Assets	13,201	12,414
Liabilities:
Inventory-related payables	965	509
Total Liabilities	2,930	3,127
Commodity Contracts [Member]
Assets:
Derivative Asset	1,362	2,764
Liabilities:
Derivative Liability	1,759	2,034
Foreign Exchange Contract [Member]
Assets:
Derivative Asset	238	283
Liabilities:
Derivative Liability	191	535
Interest Rate Contracts [Member]
Assets:
Derivative Asset	46	61
Liabilities:
Derivative Liability		15
Embedded Derivative Financial Instruments
Liabilities:
Derivative Liability	15	34
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Assets:
Inventories carried at market	0	0
Cash Equivalents	448	297
Debt Securities, Available-for-sale		1
Segregated investments	1,338	1,067
Total Assets	1,786	1,365
Liabilities:
Inventory-related payables	0	0
Total Liabilities	0	0
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] \| Commodity Contracts [Member]
Assets:
Derivative Asset	0	0
Liabilities:
Derivative Liability	0	0
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] \| Foreign Exchange Contract [Member]
Assets:
Derivative Asset	0	0
Liabilities:
Derivative Liability	0	0
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] \| Interest Rate Contracts [Member]
Assets:
Derivative Asset	0
Liabilities:
Derivative Liability		0
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] \| Embedded Derivative Financial Instruments
Liabilities:
Derivative Liability	0
Significant Other Observable Inputs (Level 2) [Member]
Assets:
Inventories carried at market	6,765	5,758
Debt Securities, Available-for-sale		0
Segregated investments	0
Total Assets	7,951	8,007
Liabilities:
Inventory-related payables	859	498
Total Liabilities	1,994	2,164
Significant Other Observable Inputs (Level 2) [Member] \| Commodity Contracts [Member]
Assets:
Derivative Asset	902	1,905
Liabilities:
Derivative Liability	944	1,116
Significant Other Observable Inputs (Level 2) [Member] \| Foreign Exchange Contract [Member]
Assets:
Derivative Asset	238	283
Liabilities:
Derivative Liability	191	535
Significant Other Observable Inputs (Level 2) [Member] \| Interest Rate Contracts [Member]
Assets:
Derivative Asset	46	61
Liabilities:
Derivative Liability		15
Significant Other Observable Inputs (Level 2) [Member] \| Embedded Derivative Financial Instruments
Liabilities:
Derivative Liability	0
Significant Unobservable Inputs (Level 3) [Member]
Assets:
Inventories carried at market	3,004	2,183
Debt Securities, Available-for-sale		0
Total Assets	3,464	3,042
Liabilities:
Inventory-related payables	106	11
Total Liabilities	936	963
Significant Unobservable Inputs (Level 3) [Member] \| Commodity Contracts [Member]
Assets:
Derivative Asset	460	859
Liabilities:
Derivative Liability	815	918
Significant Unobservable Inputs (Level 3) [Member] \| Foreign Exchange Contract [Member]
Assets:
Derivative Asset	0	0
Liabilities:
Derivative Liability	0	0
Significant Unobservable Inputs (Level 3) [Member] \| Interest Rate Contracts [Member]
Assets:
Derivative Asset	0
Liabilities:
Derivative Liability		0
Significant Unobservable Inputs (Level 3) [Member] \| Embedded Derivative Financial Instruments
Liabilities:
Derivative Liability	$ 15	$ 34

Fair Value Measurements (Reconciliation Of Assets Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	$ 3,042	$ 1,678
Total increase (decrease) in unrealized gains included in cost of products sold	2,202	1,084
Purchases	30,357	14,185
Sales	(30,471)	(13,852)
Settlements	(1,437)	(257)
Transfers into Level 3	1,303	360
Transfers out of Level 3	(1,532)	(156)
Balance at end of period	3,464	3,042
Inventories Carried At Market [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	2,183	1,477
Total increase (decrease) in unrealized gains included in cost of products sold	1,131	146
Purchases	30,357	14,185
Sales	(30,471)	(13,852)
Transfers into Level 3	1,200	290
Transfers out of Level 3	(1,396)	(63)
Balance at end of period	3,004	2,183
Commodity Derivative Contracts Gains [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	859	201
Total increase (decrease) in unrealized gains included in cost of products sold	1,071	938
Settlements	(1,437)	(257)
Transfers into Level 3	103	70
Transfers out of Level 3	(136)	(93)
Balance at end of period	$ 460	$ 859

Fair Value Measurements (Reconciliation Of Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	$ 963	$ 226
Total increase (decrease) in unrealized gains included in cost of products sold	1,975	1,746
Purchases	123	37
Sales	(30)	(36)
Settlements	(2,191)	(1,059)
Transfers into Level 3	324	112
Transfers out of Level 3	(228)	(63)
Balance at end of period	936	963
Commodity Derivative Contracts Losses [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	918	199
Total increase (decrease) in unrealized gains included in cost of products sold	1,992	1,729
Purchases	0	0
Sales	0	0
Settlements	(2,191)	(1,059)
Transfers into Level 3	324	112
Transfers out of Level 3	(228)	(63)
Balance at end of period	815	918
Inventory Related Payables [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	11	27
Total increase (decrease) in unrealized gains included in cost of products sold	2	0
Purchases	123	20
Sales	(30)	(36)
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Balance at end of period	106	11
Long-term Debt
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Sales	0
Settlements	0
Transfers into Level 3	0
Transfers out of Level 3	0
Balance at end of period	15
Long-term Debt \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	34	0
Total increase (decrease) in unrealized gains included in cost of products sold	$ 19	(17)
Purchases		17
Balance at end of period		$ 34

Fair Value Measurements (Unobservable Inputs In Level 3 Valuations Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - Weighted Average [Member] - Significant Unobservable Inputs (Level 3) [Member] - Fair Value, Recurring [Member]	Dec. 31, 2021	Dec. 31, 2020
Assets [Member] \| Inventories Component [Member]
Unobservable inputs in Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Basis	28.70%	4.30%
Transportation cost	13.00%	10.60%
Assets [Member] \| Commodity Derivative Contracts [Member]
Unobservable inputs in Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Basis	30.00%	28.30%
Transportation cost	8.10%	1.90%
Liabilities [Member] \| Inventories Component [Member]
Unobservable inputs in Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Basis	13.10%	13.70%
Transportation cost	0.00%	0.00%
Liabilities [Member] \| Commodity Derivative Contracts [Member]
Unobservable inputs in Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Basis	27.10%	0.70%
Transportation cost	0.70%	1.30%

Derivative Instruments and Hedging Activities (Narrative) (Details) gal in Millions, bu in Millions, $ in Millions	2 Months Ended	3 Months Ended		7 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2021 USD ($) bu gal	Mar. 31, 2021 bu	Mar. 31, 2020 bu	Oct. 31, 2021 bu	Dec. 31, 2020 USD ($) bu	Dec. 31, 2021 USD ($) gal	Dec. 31, 2020 USD ($)
Derivative [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	$ 44				$ 202	$ 44	$ 202
Unrealized gain (loss) on interest rate cash flow hedges, after-tax, AOCI	35				31	35	31
Notional Amount of Nonderivative Instruments						1,800	1,500
Foreign Debt used in Net Investment Hedge, Net of Tax	55				(87)	55	(87)
Designated As Hedging Instrument [Member]
Derivative [Line Items]
Interest Rate Derivative Assets, at Fair Value	46				61	46	61
Interest Rate Derivative Liabilities, at Fair Value	0				15	0	15
After-tax gain (losses) in AOCI from commodity cash flow hedge transactions	161				$ 133	161	133
After-tax gain (losses) in AOCI from commodity cash flow hedge transactions expected to be recognized in earnings.	$ 161					$ 161
Corn processed per month (in bushels) \| bu	65		72	72
Designated As Hedging Instrument [Member] \| Idled Facility [Member]
Derivative [Line Items]
Corn processed per month (in bushels) \| bu		56			56
Soybean [Member] \| Designated As Hedging Instrument [Member]
Derivative [Line Items]
Maximum Length of Time Hedged in Price Risk Cash Flow Hedge						12 months
Soybean [Member] \| Minimum [Member] \| Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of Anticipated Commodity Hedged During Historical Hedging Period	57.00%					57.00%
Percentage of Anticipated Commodity Hedged over Future Hedging Period	0.00%					0.00%
Soybean [Member] \| Maximum [Member] \| Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of Anticipated Commodity Hedged During Historical Hedging Period	100.00%					100.00%
Percentage of Anticipated Commodity Hedged over Future Hedging Period	100.00%					100.00%
Currency Swap [Member] \| Net Investment Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 1,200				$ 1,300	$ 1,200	1,300
Corn [Member] \| Designated As Hedging Instrument [Member]
Derivative [Line Items]
Maximum Length of Time Hedged in Price Risk Cash Flow Hedge						12 months
Corn [Member] \| Minimum [Member] \| Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of Anticipated Commodity Hedged During Historical Hedging Period	23.00%					23.00%
Percentage of Anticipated Commodity Hedged over Future Hedging Period	11.00%					11.00%
Corn [Member] \| Maximum [Member] \| Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of Anticipated Commodity Hedged During Historical Hedging Period	33.00%					33.00%
Percentage of Anticipated Commodity Hedged over Future Hedging Period	26.00%					26.00%
Foreign Exchange Forward [Member] \| Net Investment Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 2,600				1,800	$ 2,600	1,800
Interest Rate Swap [Member] \| Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 1,000				3,300	$ 1,000	3,300
Ethanol [Member] \| Designated As Hedging Instrument [Member]
Derivative [Line Items]
Contracted commodity sales volume hedged over future hedging period (in gallons) \| gal	0					0
Natural Gas \| Designated As Hedging Instrument [Member]
Derivative [Line Items]
Maximum Length of Time Hedged in Price Risk Cash Flow Hedge						12 months
Natural Gas \| Minimum [Member] \| Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of Anticipated Commodity Hedged During Historical Hedging Period	23.00%					23.00%
Percentage of Anticipated Commodity Hedged over Future Hedging Period	21.00%					21.00%
Natural Gas \| Maximum [Member] \| Designated As Hedging Instrument [Member]
Derivative [Line Items]
Percentage of Anticipated Commodity Hedged During Historical Hedging Period	96.00%					96.00%
Percentage of Anticipated Commodity Hedged over Future Hedging Period	100.00%					100.00%
Interest Rate Contracts [Member] \| Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 400				$ 550	$ 400	$ 550

Derivative Instruments and Hedging Activities (Pre-Tax Gains (Losses) On Derivatives Not Designated As Hedging Instruments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Revenues	$ 85,249	$ 64,355	$ 64,656
Cost of products sold	79,262	59,902	60,509
Total gain (loss) recognized in earnings	(1,535)	(706)	44
Other Nonoperating Income (Expense)	(94)	(255)	11
Interest expense	265	339	402
Interest Expense [Member]
Derivative [Line Items]
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net	19	(17)
Total gain (loss) recognized in earnings	19	(17)
Cost Of Products Sold [Member]
Derivative [Line Items]
FX Contracts	(140)	(496)	32
Commodity Contracts	(1,606)	(68)	24
Total gain (loss) recognized in earnings	(1,746)	(564)	56
Sales [Member]
Derivative [Line Items]
FX Contracts	3	28	9
Total gain (loss) recognized in earnings	3	28	9
Other Nonoperating Income (Expense)
Derivative [Line Items]
FX Contracts	189	(153)	(21)
Total gain (loss) recognized in earnings	$ 189	$ (153)	$ (21)

Derivative Instruments and Hedging Activities (Fair Value Of Derivatives Not Designated As Hedging Instruments) (Details) - Not Designated As Hedging Instrument [Member] - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
FX Contracts Assets	$ 217	$ 283
Commodity Contracts Assets	1,276	2,764
Total fair value of derivative assets not designated as hedging instruments	1,493	3,047
FX Contracts Liabilities	116	270
Commodity Contracts Liabilities	1,759	2,034
Embedded Derivative, Fair Value of Embedded Derivative Liability	15	34
Embedded Derivative, Fair Value of Embedded Derivative Asset	0	0
Total fair value of derivative liabilities not designated as hedging instruments.	$ 1,890	$ 2,338

Derivative Instruments and Hedging Activities (Pre-Tax Gains (Losses) On Derivatives Designated As Hedging Instruments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Interest expense	$ 265	$ 339	$ 402
Revenues	85,249	64,355	64,656
Cost of products sold	79,262	59,902	60,509
Sales [Member]
Derivative [Line Items]
Total amount recognized in earnings		(68)	(90)
Designated As Hedging Instrument [Member]
Derivative [Line Items]
Total amount recognized in earnings	474	(45)	(100)
Designated As Hedging Instrument [Member] \| Interest Expense [Member]
Derivative [Line Items]
Interest contracts effective amount recognized in earnings	0	(2)	1
Total amount recognized in earnings	0	(2)	1
Designated As Hedging Instrument [Member] \| Cost Of Products Sold [Member]
Derivative [Line Items]
Commodity Contracts effective amount recognized in earnings	490	27	(11)
Total amount recognized in earnings	490	27	(11)
Designated As Hedging Instrument [Member] \| Sales [Member]
Derivative [Line Items]
Interest contracts effective amount recognized in earnings	(16)	(75)	(46)
Commodity Contracts effective amount recognized in earnings	0	7	(44)
Total amount recognized in earnings	(16)
Designated As Hedging Instrument [Member] \| Other Nonoperating Income (Expense)
Derivative [Line Items]
Interest contracts effective amount recognized in earnings	0	0
Commodity Contracts effective amount recognized in earnings	0	(2)
Total amount recognized in earnings	$ 0	$ (2)	$ 0

Derivative Instruments and Hedging Activities (Fair Value Of Derivatives Designated As Hedging Instruments) (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Designated As Hedging Instrument [Member]
Derivative [Line Items]
Derivative Instruments in Hedges, Net Investment in Foreign Operations, Assets, Fair Value	$ 21	$ 0
Derivative Instruments in Hedges, Net Investment in Foreign Operations, Liabilities, Fair Value	75	265
Price Risk Cash Flow Hedge Asset, at Fair Value	86	0
Price Risk Cash Flow Hedge Liability, at Fair Value		0
Interest Rate Derivative Assets, at Fair Value	46	61
Interest Rate Derivative Liabilities, at Fair Value	0	15
Derivative Instruments in Hedges, Assets, at Fair Value	153	61
Derivative Instruments in Hedges, Liabilities, at Fair Value	75	280
Not Designated As Hedging Instrument [Member]
Derivative [Line Items]
Commodity Contracts Assets	$ 1,276	$ 2,764

Other Current Assets (Details) - USD ($) $ in Millions	12 Months Ended
Other Current Assets (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Assets [Abstract]
Unrealized gains on derivative contracts	$ 1,646	$ 3,108
Margin Deposit Assets	600	500
Customer Omnibus Receivable	1,179	860
Financing Receivable, after Allowance for Credit Loss	189	297
Premiums Receivable, Net	20	35
Prepaid Expense, Current	370	290
Biodiesel tax credit	79	101
Tax receivables	708	680
Other Receivables	285	218
Other current assets	82	135
Total other current assets	5,158	6,224
Financing Receivable, Allowance for Credit Loss	4	4
Interest on financing receivables	11	20	$ 27
Provision for Other Credit Losses	32	47	$ 23
Reinsurance Recoverables	$ 27	$ 40

Accrued Expenses And Other Payables (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Unrealized losses on derivative contracts	$ 1,950	$ 2,584
Employee-related Liabilities	445	396
Accrued Income Taxes, Current	132	41
Accrual for Taxes Other than Income Taxes, Current	168	127
Liability for Claims and Claims Adjustment Expense	220	238
Contract with Customer, Liability, Current	581	626
Other accruals and payables	1,294	931
Total accrued expenses and other payables	$ 4,790	$ 4,943

Investments In And Advances To Affiliates (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($) entity facility	Dec. 31, 2020 USD ($) entity	Dec. 31, 2019 USD ($)
Schedule Of Equity Method Investments [Line Items]
Amount of credit facility provided to unconsolidated affiliates	$ 106
Number of unconsolidated affiliates provided with credit facilities by the entity \| entity	5
Number of credit facilities with outstanding balance \| facility	2
Number of credit facilities with no outstanding balance \| facility	3
Outstanding balance of credit facilities	$ 32
Revenues from unconsolidated affiliates	6,600	$ 4,700	$ 4,900
Trade accounts receivable due from unconsolidated affiliates	$ 274	$ 197
Wilmar International Limited [Member]
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	22.30%	22.20%
Carrying value of direct investments	$ 4,000
Market value of direct investments	$ 4,300
Pacificor
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	32.20%
Stratas Foods
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Edible Oils
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Olenex
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	37.50%
SoyVen
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Hungrana
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Almidones Mexicanos
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Red Star Yeast
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	40.00%
Aston Foods
Schedule Of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Minimum [Member]
Schedule Of Equity Method Investments [Line Items]
Line of Credit Facility, Interest Rate During Period	0.00%
Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Line of Credit Facility, Interest Rate During Period	2.67%
Equity Method Investments [Member]
Schedule Of Equity Method Investments [Line Items]
Number of unconsolidated affiliates \| entity	63	60
Undistributed earnings of unconsolidated affiliates	$ 2,800

Investments In And Advances To Affiliates (Combined Balance Sheets And Statements Of Earnings Of The Company's Unconsolidated Affiliates) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Combined balance sheets and statements of earnings of the Company's unconsolidated affiliates:
Current assets	$ 31,909	$ 27,286
Current liabilities	(21,948)	(18,182)
Non-current liabilities	(11,421)	(11,441)
Revenues	85,249	64,355	$ 64,656
Gross Profit	5,987	4,453	4,147
Net earnings including noncontrolling interests	2,735	1,782	1,379
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Combined balance sheets and statements of earnings of the Company's unconsolidated affiliates:
Current assets	34,955	29,508
Non-current assets	27,938	23,853
Current liabilities	(30,002)	(25,969)
Non-current liabilities	(8,362)	(7,191)
Noncontrolling interests	(2,630)	(1,075)
Net assets	21,899	19,126
Revenues	87,528	59,195	50,596
Gross Profit	7,719	5,070	5,334
Net earnings including noncontrolling interests	$ 2,315	$ 2,093	$ 1,455

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Goodwill
Goodwill	$ 4,182	$ 3,451
Carbohydrate Solutions [Member]
Goodwill
Goodwill	240	263
Nutrition [Member]
Goodwill
Goodwill	3,734	2,972
Ag Services and Oilseeds [Member]
Goodwill
Goodwill	204	212
Other Segments [Member]
Goodwill
Goodwill	$ 4	$ 4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 569	$ 733	$ 733
Goodwill	4,182	3,451
Goodwill and Intangible Asset Impairment	52	26	11
Finite Lived Intangible Assets, Foreign Currency Translation Gain (Loss)	(116)
Foreign currency translation gain (loss) on accumulated amortization of other finite-lived intangible amortization	(34)
Goodwill, Foreign Currency Translation Gain (Loss)	(122)
Amortization of Intangible Assets	177	$ 173	$ 165
Amortization expense of intangible assets next 12 months	225
Finite-Lived Intangible Assets, Amortization Expense, Year Two	232
Finite-Lived Intangible Assets, Amortization Expense, Year Three	223
Finite-Lived Intangible Assets, Amortization Expense, Year Four	202
Finite-Lived Intangible Assets, Amortization Expense, Year Five	194
Series of Individually Immaterial Business Acquisitions [Member]
Goodwill
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 11

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 3,780	$ 3,208
Finite-Lived Intangible Assets, Accumulated Amortization	(1,215)	(1,074)
Intangible Assets, Net (Excluding Goodwill)	2,565	2,134
Trademarks and Brands [Member]
Schedule of Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	409	429
Intangible Assets, Net (Excluding Goodwill)	409	429
Recipes and Other [Member]
Schedule of Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	0	1
Intangible Assets, Net (Excluding Goodwill)	0	1
Use Rights [Member]
Schedule of Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	122	177
Finite-Lived Intangible Assets, Accumulated Amortization	(28)	(35)
Intangible Assets, Net (Excluding Goodwill)	94	142
Computer Software, Intangible Asset [Member]
Schedule of Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	714	464
Finite-Lived Intangible Assets, Accumulated Amortization	(383)	(354)
Intangible Assets, Net (Excluding Goodwill)	331	110
Trademarks and Brands [Member]
Schedule of Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	105	39
Finite-Lived Intangible Assets, Accumulated Amortization	(20)	(16)
Intangible Assets, Net (Excluding Goodwill)	85	23
Customer Lists [Member]
Schedule of Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	1,580	1,196
Finite-Lived Intangible Assets, Accumulated Amortization	(454)	(390)
Intangible Assets, Net (Excluding Goodwill)	1,126	806
Recipes and Other [Member]
Schedule of Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	487	489
Finite-Lived Intangible Assets, Accumulated Amortization	(230)	(200)
Intangible Assets, Net (Excluding Goodwill)	257	289
Technology-Based Intangible Assets [Member]
Schedule of Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	276	241
Finite-Lived Intangible Assets, Accumulated Amortization	(100)	(79)
Intangible Assets, Net (Excluding Goodwill)	176	162
In Process Software
Schedule of Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	87	172
Intangible Assets, Net (Excluding Goodwill)	$ 87	$ 172
Minimum [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Minimum [Member] \| Use Rights [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	2 years
Minimum [Member] \| Computer Software, Intangible Asset [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Minimum [Member] \| Trademarks and Brands [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Minimum [Member] \| Customer Lists [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Minimum [Member] \| Recipes and Other [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Minimum [Member] \| Technology-Based Intangible Assets [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	6 years
Maximum [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	50 years
Maximum [Member] \| Use Rights [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	50 years
Maximum [Member] \| Computer Software, Intangible Asset [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	8 years
Maximum [Member] \| Trademarks and Brands [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Maximum [Member] \| Customer Lists [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years
Maximum [Member] \| Recipes and Other [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	35 years
Maximum [Member] \| Technology-Based Intangible Assets [Member]
Schedule of Other Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

Debt Financing Arrangements (Narrative) (Details) € in Millions, $ in Millions				3 Months Ended	12 Months Ended
	Sep. 10, 2021 USD ($)	Mar. 25, 2021 EUR (€)	Aug. 26, 2020 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2021 EUR (€)	Sep. 10, 2021 EUR (€)
Debt And Financing Arrangements [Line Items]
Discount amortization expense included in interest expense related to the notes					$ 10	$ 13	$ 12
Excess of fair value over carrying value of long-term debt					1,500
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months					570
Long-term Debt, Maturities, Repayments of Principal in Year Two					992
Long-term Debt, Maturities, Repayments of Principal in Year Three					1
Long-term Debt, Maturities, Repayments of Principal in Year Four					736
Long-term Debt, Maturities, Repayments of Principal in Year Five					997
Lines of credit					11,200
Unused lines of credit					$ 8,100
Weighted average interest rate on short term borrowings (as a percent)					1.23%	0.45%		1.23%
Outstanding standby letters of credit and surety bonds					$ 1,200	$ 1,200
(Gain) Loss on Extinguishment of Debt					36	$ 409	$ 0
Notes Two Point Seven Hundred Fifty Percent due in Two Thousand Twenty Five
Debt And Financing Arrangements [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				2.75%
Extinguishment of Debt, Amount				$ 500
(Gain) Loss on Extinguishment of Debt					$ 36
Notes Four Point Five Percent due Two Thousand Forty-Nine [Member]
Debt And Financing Arrangements [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					4.50%			4.50%
Debt instrument, maturity year					2049
Debt Instrument, Face Amount					$ 600
Notes One Percent Due in Two Thousand Twenty-Five [Member]
Debt And Financing Arrangements [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					1.00%			1.00%
Debt instrument, maturity year					2025
Debt Instrument, Face Amount \| €								€ 650
Bonds Zero Percent Due in 2023 [Member]
Debt And Financing Arrangements [Line Items]
Debt Instrument, Issuance Date			Aug. 26, 2020
Debt Instrument, Interest Rate, Stated Percentage			0.00%
Debt instrument, maturity year					2023
Debt Instrument, Face Amount			$ 300
Debt Instrument, Convertible, Terms of Conversion Feature			Effective September 7, 2021, holders of the Bonds will be entitled to receive 52,840.6571 Wilmar shares (the “Exchange Property per Bond”) for each $200,000 principal amount of the Bonds, on the exercise of their exchange rights, subject to dividend adjustments.
Debt Instrument, Call Feature			Effective February 26, 2022, ADM Ag has the option to call the outstanding Bonds at their principal amount if the value of the Exchange Property per Bond exceeds 120% of the principal amount for 20 consecutive trading days.
Notes Two Point Seventy-Five Percent, Due in 2025
Debt And Financing Arrangements [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					2.75%			2.75%
Debt instrument, maturity year					2025
Debt Instrument, Face Amount					$ 500
Notes Two Point Twenty-Five Percent Due in 2030
Debt And Financing Arrangements [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					3.25%			3.25%
Debt instrument, maturity year					2030
Debt Instrument, Face Amount					$ 1,000
Notes Two Point Seven Percent Due in Twenty Fifty-One
Debt And Financing Arrangements [Line Items]
Debt Instrument, Issuance Date	Sep. 10, 2021
Debt Instrument, Interest Rate, Stated Percentage					2.70%			2.70%	2.70%
Debt instrument, maturity year					2051
Proceeds from notes recorded as long-term debt	$ 732
Debt Instrument, Face Amount					$ 750				€ 750
Debt Instrument, Maturity Date	Sep. 15, 2051
Floating Rate Notes Due in 2022
Debt And Financing Arrangements [Line Items]
Debt Instrument, Issuance Date		Mar. 25, 2021
Debt instrument, maturity year					2022
Debt Instrument, Face Amount \| €		€ 500						€ 500
Debt Instrument, Maturity Date		Sep. 25, 2022
Commercial Paper [Member]
Debt And Financing Arrangements [Line Items]
Lines of credit					$ 5,000
Amount utilized from lines of credit facility					800
Accounts Receivable Securitization Facility [Member]
Debt And Financing Arrangements [Line Items]
Lines of credit					2,300
Amount utilized from lines of credit facility					$ 2,200

Debt Financing Arrangements (Long-Term Debt) (Details) € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)	Sep. 10, 2021 EUR (€)	Mar. 25, 2021 EUR (€)	Dec. 31, 2020 USD ($)	Aug. 26, 2020 USD ($)
Debt Instruments [Line Items]
Long-term Debt	$ 8,581				$ 7,887
Current maturities	(570)				(2)
Total long-term debt	8,011				7,885
Notes One Point Seventy Five Percent Due In Two Thousand Twenty-Three [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 681				731
Debt Instrument, Face Amount \| €		€ 600
Debt Instrument, Interest Rate, Stated Percentage	1.75%	1.75%
Debt instrument, maturity year	2023
Notes Four Point Five Percent due Two Thousand Forty-Nine [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 588				588
Debt Instrument, Face Amount	$ 600
Debt Instrument, Interest Rate, Stated Percentage	4.50%	4.50%
Debt instrument, maturity year	2049
Notes Two Point Five Percent Due in Two Thousand Twenty-Six [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 996				995
Debt Instrument, Face Amount	$ 1,000
Debt Instrument, Interest Rate, Stated Percentage	2.50%	2.50%
Debt instrument, maturity year	2026
Notes One Percent Due in Two Thousand Twenty-Five [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 735				789
Debt Instrument, Face Amount \| €		€ 650
Debt Instrument, Interest Rate, Stated Percentage	1.00%	1.00%
Debt instrument, maturity year	2025
Notes Three Point Seventy-Five Percent Due in Two Thousand Forty-Seven [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 402				402
Debt Instrument, Face Amount	$ 408
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%
Debt instrument, maturity year	2047
Debentures five point three seven five percent due in two thousand thirty five [Member}
Debt Instruments [Line Items]
Long-term Debt	$ 425				424
Debt Instrument, Face Amount	$ 432
Debt Instrument, Interest Rate, Stated Percentage	5.375%	5.375%
Debt instrument, maturity year	2035
Debentures five point seven six five percent due in two thousand forty one [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 297				297
Debt Instrument, Face Amount	$ 297
Debt Instrument, Interest Rate, Stated Percentage	5.765%	5.765%
Debt instrument, maturity year	2041
Debentures five point nine three five percent due in two thousand thirty two [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 333				333
Debt Instrument, Face Amount	$ 336
Debt Instrument, Interest Rate, Stated Percentage	5.935%	5.935%
Debt instrument, maturity year	2032
Debentures four point zero one six percent due in two thousand forty three [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 258				255
Debt Instrument, Face Amount	$ 371
Debt Instrument, Interest Rate, Stated Percentage	4.016%	4.016%
Debt instrument, maturity year	2043
Debentures four point five three five percent due in two thousand forty two [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 283				281
Debt Instrument, Face Amount	$ 383
Debt Instrument, Interest Rate, Stated Percentage	4.535%	4.535%
Debt instrument, maturity year	2042
Debentures seven percent due in two thousand thirty one [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 159				159
Debt Instrument, Face Amount	$ 160
Debt Instrument, Interest Rate, Stated Percentage	7.00%	7.00%
Debt instrument, maturity year	2031
Debentures six point six two five percent due in two thousand twenty nine [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 144				144
Debt Instrument, Face Amount	$ 144
Debt Instrument, Interest Rate, Stated Percentage	6.625%	6.625%
Debt instrument, maturity year	2029
Debentures six point ninety-five due in two thousand ninety seven [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 154				154
Debt Instrument, Face Amount	$ 157
Debt Instrument, Interest Rate, Stated Percentage	6.95%	6.95%
Debt instrument, maturity year	2097
Debentures seven point five percent due in two thousand twenty seven [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 147				146
Debt Instrument, Face Amount	$ 147
Debt Instrument, Interest Rate, Stated Percentage	7.50%	7.50%
Debt instrument, maturity year	2027
Debentures six point forty-five percent due in two thousand thirty eight [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 102				102
Debt Instrument, Face Amount	$ 103
Debt Instrument, Interest Rate, Stated Percentage	6.45%	6.45%
Debt instrument, maturity year	2038
Debentures six point seventy-five percent due in two thousand twenty seven [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 103				103
Debt Instrument, Face Amount	$ 103
Debt Instrument, Interest Rate, Stated Percentage	6.75%	6.75%
Debt instrument, maturity year	2027
Other [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 177				174
Notes Two Point Twenty-Five Percent Due in 2030
Debt Instruments [Line Items]
Long-term Debt	988				987
Debt Instrument, Face Amount	$ 1,000
Debt Instrument, Interest Rate, Stated Percentage	3.25%	3.25%
Debt instrument, maturity year	2030
Notes Two Point Seventy-Five Percent, Due in 2025
Debt Instruments [Line Items]
Long-term Debt	$ 0				493
Debt Instrument, Face Amount	$ 500
Debt Instrument, Interest Rate, Stated Percentage	2.75%	2.75%
Debt instrument, maturity year	2025
Bonds Zero Percent Due in 2023 [Member]
Debt Instruments [Line Items]
Long-term Debt	$ 310				330
Debt Instrument, Face Amount						$ 300
Debt Instrument, Interest Rate, Stated Percentage						0.00%
Debt instrument, maturity year	2023
Notes Two Point Seven Percent Due in Twenty Fifty-One
Debt Instruments [Line Items]
Long-term Debt	$ 730				0
Debt Instrument, Face Amount	$ 750		€ 750
Debt Instrument, Interest Rate, Stated Percentage	2.70%	2.70%	2.70%
Debt instrument, maturity year	2051
Floating Rate Notes Due in 2022
Debt Instruments [Line Items]
Long-term Debt	$ 569				$ 0
Debt Instrument, Face Amount \| €		€ 500		€ 500
Debt instrument, maturity year	2022

Stock Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants (in shares)	16,800
Total compensation expense for option grants, Restricted Stock Awards and PSU's	$ 161	$ 151	$ 89
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The weighted-average remaining contractual term of options outstanding	3 years
The weighted-average remaining contractual term of options exercisable	3 years
The aggregate intrinsic value of options outstanding (in dollars)	$ 126
The aggregate intrinsic value of options exercisable (in dollars)	126
The weighted-average grant-date fair values of options granted (in dollars per share)			$ 7.88
The total intrinsic values of options exercised (in dollars)	37	32	$ 15
Cash proceeds received from options exercised (in dollars)	$ 64	$ 49	$ 27
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Restricted Stock Awards And PSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares or units granted as Restricted Stock Awards and PSUs (in shares)	2,730	2,700	2,600
Total unrecognized compensation expense	$ 99
Period during which unrecognized compensation expense is expected to be recognized	3 years
Amount to be recognized as compensation expense year 1	$ 65
Amount to be recognized as compensation expense year 2	31
Amount to be recognized as compensation expense year 3	$ 3
Weighted average grant-date fair value of Restricted Stock Awards and PSU's, Granted (in dollars per share)	$ 53.28	$ 45.59	$ 42.11
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Total fair value of Restricted Stock Awards vested during the period	$ 121
Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Minimum [Member] \| Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Maximum [Member] \| Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years

Stock Compensation (Assumptions Used To Value Share-Based Compensation) (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Dividend yield (as a percent)	0.00%	0.00%	3.00%
Risk-free interest rate (as a percent)	0.00%	0.00%	2.00%
Stock volatility (as a percent)	0.00%	0.00%	22.00%
Average expected life (in years)	0 years	0 years	6 years

Stock Compensation (Summary Of Option Activity During The Period) (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2021 $ / shares shares
Equity [Abstract]
Shares under option at beginning of period \| shares	6,269
Shares under option, Granted \| shares	0
Shares under option, Exercised \| shares	(1,683)
Shares under option, Forfeited or expired \| shares	(2)
Shares under option at end of period \| shares	4,584
Shares under option, Exercisable \| shares	4,584
Weighted-average exercise price of Shares under option at beginning of period (in dollars per share) \| $ / shares	$ 37.40
Weighted-average exercise price of Shares under option, Granted (in dollars per share) \| $ / shares	0.00
Weighted-average exercise price of Shares under option, Exercised (in dollars per share) \| $ / shares	37.98
Weighted-average exercise price of Shares under option, Forfeited or expired (in dollars per share) \| $ / shares	27.65
Weighted-average exercise price of Shares under option at end of period (in dollars per share) \| $ / shares	37.20
Weighted-average exercise price of Shares under option, Exercisable (in dollars per share) \| $ / shares	$ 37.20

Stock Compensation (Summary Of Restricted Stock Awards And PSUs Activity During The Period) (Details) - Restricted Stock Awards And PSUs [Member] - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock Awards and PSU's, Non-vested at beginning of period	7,372
Restricted Stock Awards and PSU's, Granted	2,730	2,700	2,600
Restricted Stock Awards, Vested	(2,798)
Restricted Stock Awards and PSU's, Forfeited	(169)
Restricted Stock Awards and PSU's, Non-vested at end of period	7,135	7,372
Weighted average grant-date fair value of Restricted Stock Awards and PSU's, Non-vested at beginning of period (in dollars per share)	$ 43.56
Weighted average grant-date fair value of Restricted Stock Awards and PSU's, Granted (in dollars per share)	53.28	$ 45.59	$ 42.11
Weighted average grant-date fair value of Restricted Stock Awards and PSU's, Vested (in dollars per share)	43.09
Weighted average grant-date fair value of Restricted Stock Awards and PSU's, Forfeited (in dollars per share)	52.17
Weighted average grant-date fair value of Restricted Stock Awards and PSU's, Non-vested at end of period (in dollars per share)	$ 47.27	$ 43.56

Other (Income) Expense - Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Income and Expenses [Abstract]
Gain (Loss) on Disposition of Assets	$ (100)	$ (138)	$ 39
Pension settlement	83	0	0
Other (income) expense - net	(77)	(117)	(28)
Other Nonoperating Income (Expense)	$ (94)	$ (255)	$ 11

Other (Income) Expense - Net (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Nonoperating Income Expense [Line Items]
Gain (Loss) on Disposition of Assets	$ 100	$ 138	$ (39)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	16	$ 33	$ 15
Carbohydrate Solutions [Member]
Other Nonoperating Income Expense [Line Items]
Gain (Loss) on Disposition of Assets	$ 22

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Line Items]
Foreign earnings, as a percentage to total foreign earnings	64.00%	59.00%	61.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%	21.00%
Tax Cuts and Jobs Act, Transition Tax for Accumulated Foreign Earnings, Liability	$ 140
Effective income tax rate reconciliation, GILTI, Amount	244	$ 259	$ 105
Effective income tax rate reconciliation, FDII, Amount	87	12	$ 1
Tax assets related to net operating loss carry-forwards related to certain international subsidiaries	465	470
Deferred Tax Assets, Valuation Allowance	281	339
Tax assets related to net operating loss carry-forwards related to capital losses	74	70
State tax attributes	21	79
Approximate undistributed earnings of foreign subsidiaries and affiliated corporate joint venture companies accounted for on the equity method	12,700
Deferred Tax Liabilities, Investment in Noncontrolled Affiliates	153	64
Accrued interest and penalties on unrecognized tax benefits	39	33
Positive impact on the tax expense if the total amount of unrecognized tax benefits were recognized by the Company at one time	157
Argentine Tax Authorities [Member]
Income Taxes [Line Items]
Income tax assessment - Tax	8
Income tax assessment - Interest and Penalties	38
Estimated additional tax assessment	60
Additional income tax assessment - Interest and Penalties	40
Foreign [Member]
Income Taxes [Line Items]
Tax assets related to net operating loss carry-forwards related to certain international subsidiaries with no expiration date	359
Tax assets related to net operating loss carry-forwards related to certain international subsidiaries with expiration date	106
Valuation allowance recorded against tax assets related to net operating loss carry-forwards related to certain international subsidiaries	200	197
Tax and Customs Administration, Netherlands [Member]
Income Taxes [Line Items]
Income tax assessment - Tax	92
Additional income tax assessment - Interest and Penalties	33
SEC Schedule, 12-09, Valuation Allowance, Other Tax Carryforward [Member]
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	74	70
SEC Schedule, 12-09, Valuation Allowance, Operating Loss Carryforward [Member]
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 13	$ 72

Income Taxes (Earnings Before Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
United States	$ 2,140	$ 442	$ 756
Foreign	1,173	1,441	832
Earnings Before Income Taxes	$ 3,313	$ 1,883	$ 1,588

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123384075&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Income Taxes (Significant Components Of Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current
Federal	$ 404	$ (164)	$ 37
State	79	4	11
Foreign	224	186	181
Deferred
Federal	(59)	41	47
State	(12)	(10)	1
Foreign	(58)	44	(68)
Total Income Taxes	$ 578	$ 101	$ 209

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes (Significant Components Of Deferred Tax Liabilities And Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Deferred tax liabilities
Property, plant, and equipment	$ 875	$ 903
Deferred Tax Liabilities, Intangible Assets	403	334
Deferred Tax Liabilities, Leasing Arrangements	214	223
Equity in earnings of affiliates	153	64
Deferred Tax Liabilities, Inventory	29	25
Debt exchange	53	53
Deferred Tax Liabilities, Deferred Expense, Reserves and Accruals	65	195
Other	185	173
Deferred Tax Liabilities, Gross	1,977	1,970
Deferred tax assets
Pension and postretirement benefits	137	163
Deferred tax assets, leasing arrangements	220	227
Stock compensation	53	80
Foreign tax loss carryforwards	465	470
Capital loss carryforwards	74	70
State tax attributes	21	79
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Reserves	158	42
Other	44	136
Gross deferred tax assets	1,172	1,267
Valuation allowances	(281)	(339)
Net deferred tax assets	891	928
Deferred Tax Liabilities, Net, Classification [Abstract]
Net deferred tax liabilities	(1,086)	(1,042)
Domestic Tax Authority [Member]
Deferred tax liabilities
Deferred Tax Liabilities, Gross	1,079	957
Deferred tax assets
Net deferred tax assets	27	0
Foreign [Member]
Deferred tax liabilities
Deferred Tax Liabilities, Gross	333	345
Deferred tax assets
Net deferred tax assets	$ 299	$ 260

Income Taxes (Reconciliation Of The Statutory Federal Income Tax Rate To The Company's Effective Tax Rate On Earnings) (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Statutory rate (as a percent)	21.00%	21.00%	21.00%
State income taxes, net of federal tax benefit (as a percent)	1.50%	(0.30%)	0.60%
Foreign earnings taxed at rates other than the U.S. statutory rate (as a percent)	(3.90%)	(4.50%)	(0.90%)
Foreign currency remeasurement (as a percent)	0.00%	(1.10%)	0.70%
Income tax adjustments to filed returns (as a percent)	0.70%	(0.40%)	0.20%
Biodiesel credit (as a percent)	(1.90%)	(3.30%)	(7.50%)
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent	(2.00%)	(8.00%)	(3.60%)
Effective Income Tax Rate Reconciliation, GILTI, as a Percent	1.10%	2.90%	1.40%
Effective Income Tax Rate Reconciliation, Foreign Derived Intangible Income Deduction, as a Percent	(0.50%)	(0.10%)	0.00%
Valuation allowance (as a percent)	0.70%	0.00%	0.00%
Other (as a percent)	0.70%	(0.80%)	1.30%
Effective income tax rate	17.40%	5.40%	13.20%

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Beginning balance	$ 151	$ 130
Additions related to current years' tax positions	7	2
Additions related to prior years' tax positions	15	37
Unrecognized Tax Benefits, Decrease Resulting from Acquisition	0	(1)
Reductions related to prior years' tax positions	0	(3)
Reductions due to lapse of statue of limitations	(9)	(9)
Settlements with tax authorities	(7)	(5)
Ending balance	$ 157	$ 151

Leases (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Operating Leased Assets [Line Items]
Operating Lease, Right-of-Use Asset	$ 1,023	$ 1,102
Operating Lease, Liability, Current	277	261
Operating Lease, Liability, Noncurrent	$ 765	$ 863
Minimum [Member]
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Renewal Term	1 month
Maximum [Member]
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Renewal Term	49 years

Leases Lease Cost (Details) - USD ($) $ in Millions	12 Months Ended
Leases Lease Cost (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating Lease, Cost	$ 336	$ 315
Short-term Lease, Cost	117	101
Lease, Cost	453	416
Operating Lease, Payments	325	302
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 197	$ 314
Operating Lease, Weighted Average Remaining Lease Term	6 years	7 years
Operating Lease, Weighted Average Discount Rate, Percent	3.80%	4.20%

Liability Maturity (Details) $ in Millions	Dec. 31, 2021 USD ($)
Leases [Abstract]
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	$ 310
Lessee, Operating Lease, Liability, Payments, Due Year Two	259
Lessee, Operating Lease, Liability, Payments, Due Year Three	194
Lessee, Operating Lease, Liability, Payments, Due Year Four	126
Lessee, Operating Lease, Liability, Payments, Due Year Five	68
Lessee, Operating Lease, Liability, Payments, Due after Year Five	225
Lessee, Operating Lease, Liability, Payments, Due	1,182
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(140)
Operating Lease, Liability	$ 1,042

Employee Benefit Plans (Narrative) (Details) shares in Millions, $ in Millions		12 Months Ended
	Apr. 01, 2021 USD ($) retirees	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Remeasurement due to Settlement				$ 48
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment				51
Number of retirees \| retirees	6,000
Pension settlement		$ (83)	$ 0	0
Percentage of non-matching employer's contribution to eligible participants (as a percent)		1.00%
Employer's Common stock held under 401 (k) plan (in shares) \| shares		6.5
Market value of employer's Common stock held under 401 (k) plan		$ 441
Cash dividend received on employer's Common stock held under 401 (k) plan		$ 10
Increase (Decrease) in Obligation, Pension Benefits	$ 700
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation		100.00%	100.00%
Defined Benefit Plan, Plan Assets, Payment for Settlement		$ 715	$ 18
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Remeasurement due to Settlement		715	17
Pension settlement		(83)	0	(96)
Accumulated other comprehensive income, unrecognized prior service cost (credit)		(94)
Accumulated other comprehensive income, unrecognized actuarial losses		314
Defined Benefit Plan, Plans with Benefit Obligations in Excess of Plan Assets, Aggregate Projected Benefit obligation		1,700	2,600
Defined Benefit Plan, Pension Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation		1,700	2,600
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation		1,600	2,500
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets		1,200	1,900
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation		1,600	2,500
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Plan Assets		1,200	1,900
Accumulated benefit obligation		2,100	2,900
Contributions and expected future benefit payments		$ 28
Pension Benefits [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Amortization period of actuarial gains and losses		2 years
Pension Benefits [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Amortization period of actuarial gains and losses		28 years
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Remeasurement due to Settlement		$ 0	0
Pension settlement		0	$ 0	$ (3)
Accumulated other comprehensive income, unrecognized prior service cost (credit)		1
Accumulated other comprehensive income, unrecognized actuarial losses		$ 46
Annual rate of increase in per capita cost of covered health care benefits assumed for transition period (as a percent)		6.10%
Annual rate for per capita cost of covered health care benefits assumed for 2025 and thereafter (as a percent)		4.50%
Year ultimate rate assumed for per capita cost of health care benefits is to be reached		2031
Contributions and expected future benefit payments		$ 15
Other Postretirement Benefits Plan [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Amortization period of actuarial gains and losses		6 years
Other Postretirement Benefits Plan [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Amortization period of actuarial gains and losses		21 years

Employee Benefit Plans (Retirement Plan Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Settlement charges	$ 83	$ 0	$ 0
Defined contribution plans	61	54	58
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost (benefits earned during the period)	64	61	58
Interest cost	48	70	82
Expected return on plan assets	(95)	(126)	(115)
Settlement charges	83	0	96
Amortization of actuarial loss	33	38	26
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(20)	(19)	(19)
Net periodic defined benefit plan expense	113	24	128
Pension Expense	174	78	186
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost (benefits earned during the period)	1	1	2
Interest cost	2	4	5
Settlement charges	0	0	3
Amortization of actuarial loss	6	6	4
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(2)	(13)	(15)
Net periodic defined benefit plan expense	7	(2)	(1)
Pension Expense	$ 7	$ (2)	$ (1)

Employee Benefit Plans (Changes In Defined Benefit Obligation And Fair Value Of Defined Benefit Plan Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning	$ 2,337
Fair value of plan assets, ending	1,742	$ 2,337
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, beginning	3,014	2,650
Service cost	64	61	$ 58
Interest cost	48	70	82
Actuarial loss (gain)	(152)	285
Employee contributions	2	2
Settlements	(715)	(17)
Benefits paid	(51)	(84)
Foreign currency effects	(32)	47
Benefit obligation, ending	2,178	3,014	2,650
Fair value of plan assets, beginning	2,337	2,018
Actual return on plan assets	146	317
Employer contributions	30	85
Employee contributions	2	2
Settlements	(715)	(18)
Benefits Paid	(51)	(84)
Foreign currency effects	(7)	17
Fair value of plan assets, ending	1,742	2,337	2,018
Funded status	(436)	(677)
Prepaid benefit cost	121	29
Accrued benefit liability - current	(18)	(19)
Accrued benefit liability - long-term	(539)	(687)
Net amount recognized in the balance sheet	(436)	(677)
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, beginning	173	167
Service cost	1	1	2
Interest cost	2	4	5
Actuarial loss (gain)	(5)	17
Settlements	0	0
Benefits paid	(17)	(14)
Foreign currency effects	0	(2)
Benefit obligation, ending	154	173	$ 167
Fair value of plan assets, beginning	0
Employer contributions	17	14
Benefits Paid	(17)	(14)
Fair value of plan assets, ending	0	0
Funded status	(154)	(173)
Accrued benefit liability - current	(15)	(16)
Accrued benefit liability - long-term	(139)	(157)
Net amount recognized in the balance sheet	$ (154)	$ (173)

Employee Benefit Plans (Principal Assumptions In Developing Net Periodic Pension Cost) (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	2.00%	2.20%
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	2.30%	2.90%
Expected return on plan assets (as a percent)	6.00%	6.60%
Rate of compensation increase (as a percent)	4.80%	4.90%
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	2.30%	3.20%

Employee Benefit Plans (Principal Assumptions In Developing Year-End Actuarial Present Value Of The Projected Benefit Obligation) (Details)	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Weighted-Average Interest Crediting Rate	1.90%	2.00%
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	2.50%	2.30%
Rate of compensation increase (as a percent)	4.20%	4.80%
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	2.70%	2.30%

Employee Benefit Plans (Schedule Of Fair Value Of Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 1,742	$ 2,337
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	135	251
Equity Securities [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	135	251
Mutual Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	426	666
Mutual Fund [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	426	666
Common collective trust funds - International equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	193	316
Common collective trust funds - U.S. equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	34	23
Debt instruments - Corporate bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	304	328
Debt instruments - Corporate bonds [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	304	328
Debt instruments - U.S. Treasury instruments [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	226	345
Debt instruments - U.S. Treasury instruments [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	226	345
Debt instruments - U.S. government agency, state and local government bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3	4
Debt instruments - U.S. government agency, state and local government bonds [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3	4
Other Debt Instruments [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	8	9
Other Debt Instruments [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	8	9
Common Collective Trust - Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	285	245
Common Collective Trust - Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	128	150
Fair Value, Recurring [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,102	1,603
Fair Value, Recurring [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	787	1,262
Fair Value, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 315	$ 341

Employee Benefit Plans (Actual Asset Allocation For Global Pension Plan Assets) (Details) - Pension Benefits [Member]	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Asset allocation	100.00%	100.00%
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation	47.00%	54.00%
Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation	44.00%	35.00%
Other Pension Plan Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation	9.00%	11.00%
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Percentage of U.S. pension plan to global pension plan assets (as a percent)	64.00%
UNITED STATES \| Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation	50.00%
UNITED STATES \| Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation	50.00%
Foreign Plan [Member] \| Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation	41.00%
Foreign Plan [Member] \| Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation	17.00%
Foreign Plan [Member] \| Other Pension Plan Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation	42.00%

Employee Benefit Plans (Expected Future Benefit Payments To Be Paid) (Details) $ in Millions	Dec. 31, 2021 USD ($)
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	$ 57
Defined Benefit Plan, Expected Future Benefit Payment, Year Two	62
Defined Benefit Plan, Expected Future Benefit Payment, Year Three	67
Defined Benefit Plan, Expected Future Benefit Payment, Year Four	73
Defined Benefit Plan, Expected Future Benefit Payment, Year Five	80
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter	474
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	15
Defined Benefit Plan, Expected Future Benefit Payment, Year Two	14
Defined Benefit Plan, Expected Future Benefit Payment, Year Three	13
Defined Benefit Plan, Expected Future Benefit Payment, Year Four	13
Defined Benefit Plan, Expected Future Benefit Payment, Year Five	11
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter	$ 46

Shareholders' Equity (Details) - USD ($) $ in Millions	12 Months Ended
Shareholders' Equity (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Accumulated other comprehensive income (loss)
Balance of Accumulated Other Comprehensive Income (Loss) at beginning of period	$ (2,604)
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	(2,172)	$ (2,604)
Treasury Stock, Value	300
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(119)	29
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	398	(398)
Accumulated other comprehensive income (loss)
Balance of Accumulated Other Comprehensive Income (Loss) at beginning of period	(2,424)	(2,152)
Net realized gains (losses)	0	0
Other Comprehensive Income (Loss), Tax	(103)	97
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	176	(272)
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	(2,248)	(2,424)
Deferred Gain (Loss) On Hedging Activities [Member]
Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	507	209
Accumulated other comprehensive income (loss)
Balance of Accumulated Other Comprehensive Income (Loss) at beginning of period	185	(12)
Net realized gains (losses)	(474)	45
Other Comprehensive Income (Loss), Tax	7	(57)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	40	197
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	225	185
Pension Liability Adjustment [Member]
Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	190	(120)
Accumulated other comprehensive income (loss)
Balance of Accumulated Other Comprehensive Income (Loss) at beginning of period	(365)	(268)
Net realized gains (losses)	99	7
Other Comprehensive Income (Loss), Tax	(71)	16
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	218	(97)
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	(147)	(365)
Unrealized Gain (Loss) On Investments [Member]
Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(2)	(27)
Accumulated other comprehensive income (loss)
Balance of Accumulated Other Comprehensive Income (Loss) at beginning of period	0	27
Net realized gains (losses)	0	0
Other Comprehensive Income (Loss), Tax	0	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(2)	(27)
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	(2)	0
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	576	91
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	398	(398)
Accumulated other comprehensive income (loss)
Balance of Accumulated Other Comprehensive Income (Loss) at beginning of period	(2,604)	(2,405)
Net realized gains (losses)	(375)	52
Other Comprehensive Income (Loss), Tax	(167)	56
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	432	(199)
Balance of Accumulated Other Comprehensive Income (Loss) at End of period	$ (2,172)	$ (2,604)

Shareholders' Equity Narrative (Details) - USD ($) $ / shares in Units, $ in Billions	Dec. 31, 2021	Dec. 31, 2020
Preferred Stock, No Par Value	$ 0
Common Stock, Shares Authorized	1,000,000,000
Preferred Stock, Shares Authorized	500,000
Common Stock, No Par Value	$ 0
Preferred Stock, Shares Issued	0
Treasury Stock, Shares	156,600,000	160,000,000
Treasury Stock, Value	$ 0.3
Common Stock [Member]
Treasury Stock, Value	$ 5.1	$ 5.2
Reinvested Earnings [Member]
Treasury Stock, Value		$ 0.3

Shareholders' Equity Reclassification Components (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income [Line Items]
Cost of products sold	$ 79,262	$ 59,902	$ 60,509
Interest expense	265	339	402
Revenues	(85,249)	(64,355)	(64,656)
Restructuring, Settlement and Impairment Provisions	164	80	303
Loss (Earnings) before Income Taxes	(3,313)	(1,883)	(1,588)
Income Tax Expense (Benefit)	578	101	209
Net Loss (Earnings) Including Noncontrolling Interests	(2,735)	(1,782)	(1,379)
Other Nonoperating Income (Expense)	94	255	(11)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income [Line Items]
Income Tax Expense (Benefit)	0	0	0
Net Loss (Earnings) Including Noncontrolling Interests	0	0	7
Other Nonoperating Income (Expense)	0	0	(7)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income [Line Items]
Income Tax Expense (Benefit)	0	0	0
Net Loss (Earnings) Including Noncontrolling Interests	0	0	(1)
Other Nonoperating Income (Expense)	0	0	1
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income [Line Items]
Loss (Earnings) before Income Taxes	99	7	(9)
Income Tax Expense (Benefit)	(26)	(11)	18
Net Loss (Earnings) Including Noncontrolling Interests	73	(4)	9
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income [Line Items]
Cost of products sold	(490)	(27)	11
Interest expense	0	2	(1)
Revenues	16	68	44
Loss (Earnings) before Income Taxes	(474)	45	100
Income Tax Expense (Benefit)	118	7	(13)
Net Loss (Earnings) Including Noncontrolling Interests	(356)	52	87
Other Nonoperating Income (Expense)	0	(2)	(46)
Nonoperating Income (Expense) [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent
Accumulated Other Comprehensive Income [Line Items]
Other Nonoperating Income (Expense)	77	32	26
Nonoperating Income (Expense) [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent
Accumulated Other Comprehensive Income [Line Items]
Other Nonoperating Income (Expense)	$ 176	$ 39	$ 17

Segment Information (Narrative) (Details) - segment	12 Months Ended
Segment Information (Narrative) (Details) - segment	Dec. 31, 2021	Dec. 31, 2020
Segment Information
Number of Reportable Segments	3
Wilmar International Limited [Member]
Segment Information
Equity Method Investment, Ownership Percentage	22.30%	22.20%

Segment and Geographic Information (Segment Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Information
Property, Plant and Equipment, Additions	$ 1,005	$ 699
Revenues	85,249	64,355	$ 64,656
Depreciation	807	800	823
Asset Abandonments and Impairments	73	28	131
Interest income	96	111	196
Equity in earnings of affiliates	595	579	454
Interest Expense	(265)	(339)	(402)
Operating profit	3,313	1,883	1,588
Investments in and advances to affiliates	5,285	4,913
Assets	56,136	49,719
Ag Services and Oilseeds [Member]
Segment Information
Revenues	67,047	49,716	48,741
Carbohydrate Solutions [Member]
Segment Information
Revenues	11,110	8,472	9,886
Nutrition [Member]
Segment Information
Revenues	6,712	5,800	5,677
Other Segments [Member]
Segment Information
Revenues	380	367	352
Operating Segments [Member]
Segment Information
Operating profit	4,638	3,455	2,948
Operating Segments [Member] \| Ag Services and Oilseeds [Member]
Segment Information
Property, Plant and Equipment, Additions	451	261
Revenues	70,455	55,667	54,633
Depreciation	349	351	361
Asset Abandonments and Impairments	10	8	130
Interest income	27	39	51
Equity in earnings of affiliates	500	475	378
Operating profit	2,775	2,105	1,935
Investments in and advances to affiliates	4,826	4,402
Assets	25,976	24,792
Operating Segments [Member] \| Carbohydrate Solutions [Member]
Segment Information
Property, Plant and Equipment, Additions	260	251
Revenues	12,672	9,423	11,154
Depreciation	322	305	320
Asset Abandonments and Impairments	13	0	1
Equity in earnings of affiliates	70	81	60
Operating profit	1,283	717	644
Investments in and advances to affiliates	358	392
Assets	6,238	5,963
Operating Segments [Member] \| Nutrition [Member]
Segment Information
Property, Plant and Equipment, Additions	242	149
Revenues	6,933	5,959	5,786
Depreciation	101	114	113
Asset Abandonments and Impairments	50	13	0
Interest income	1	2	1
Equity in earnings of affiliates	24	22	17
Operating profit	691	574	418
Investments in and advances to affiliates	56	102
Assets	10,142	8,652
Operating Segments [Member] \| Other Segments [Member]
Segment Information
Property, Plant and Equipment, Additions	7	8
Revenues	380	367	352
Depreciation	8	6	6
Interest income	16	40	125
Operating profit	25	52	85
Assets	9,235	7,152
Intersegment Eliminations [Member]
Segment Information
Revenues	(5,191)	(7,061)	(7,269)
Intersegment Eliminations [Member] \| Ag Services and Oilseeds [Member]
Segment Information
Revenues	(3,408)	(5,951)	(5,892)
Intersegment Eliminations [Member] \| Carbohydrate Solutions [Member]
Segment Information
Revenues	(1,562)	(951)	(1,268)
Intersegment Eliminations [Member] \| Nutrition [Member]
Segment Information
Revenues	(221)	(159)	(109)
Corporate, Non-Segment [Member]
Segment Information
Property, Plant and Equipment, Additions	45	30
Depreciation	27	24	23
Asset Abandonments and Impairments	0	7	0
Interest income	52	30	19
Equity in earnings of affiliates	1	1	(1)
Operating profit	(1,325)	(1,572)	(1,360)
Investments in and advances to affiliates	45	17
Assets	4,545	3,160
Nonoperating Income (Expense) [Member] \| Segment Reconciling Items [Member]
Segment Information
Operating profit	77	83	12
Asset impairment, restructuring, and settlement [Member] \| Segment Reconciling Items [Member]
Segment Information
Operating profit	(213)	(76)	(146)
Ag Services [Member] \| Ag Services and Oilseeds [Member]
Segment Information
Revenues	45,017	32,726	31,705
Crushing [Member] \| Ag Services and Oilseeds [Member]
Segment Information
Revenues	11,368	9,593	9,479
Refined Products and Other [Member] \| Ag Services and Oilseeds [Member]
Segment Information
Revenues	10,662	7,397	7,557
Starches and sweeteners [Member] \| Carbohydrate Solutions [Member]
Segment Information
Revenues	7,611	6,387	6,854
Bioproducts [Member] \| Carbohydrate Solutions [Member]
Segment Information
Revenues	3,499	2,085	3,032
Wild and Specialty Ingredients [Member] \| Nutrition [Member]
Segment Information
Revenues	3,189	2,812	2,745
Animal Nutrition [Member] \| Nutrition [Member]
Segment Information
Revenues	$ 3,523	$ 2,988	$ 2,932

Segment And Geographic Information (Geographic Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Information
Revenues	$ 85,249	$ 64,355	$ 64,656
Long-Lived Assets	9,803	9,779
UNITED STATES
Segment Information
Revenues	35,396	25,986	27,509
Long-Lived Assets	6,098	6,157
Switzerland [Member]
Segment Information
Revenues	18,453	13,819	13,016
CAYMAN ISLANDS
Segment Information
Revenues	5,515	3,958	4,374
BRAZIL
Segment Information
Revenues	3,213	2,357	2,381
Long-Lived Assets	760	781
MEXICO
Segment Information
Revenues	2,934	2,244	2,068
UNITED KINGDOM
Segment Information
Revenues	1,848	1,519	1,563
Other Foreign [Member]
Segment Information
Revenues	17,890	14,472	$ 13,745
Long-Lived Assets	$ 2,945	$ 2,841

Asset Impairment, Exit, and Restructuring Costs (Asset Impairment Charges And Exit Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restructuring, Settlement and Impairment Provisions [Abstract]
Restructuring Charges	$ 39	$ 26	$ 161
Goodwill and Intangible Asset Impairment	52	26	11
Other Asset Impairment Charges	73	28	131
Restructuring, Settlement and Impairment Provisions	$ 164	$ 80	$ 303

Asset Impairment, Exit, and Restructuring Costs (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Asset Impairment Charges And Exit Costs [Line Items]
Restructuring Charges	$ 39	$ 26	$ 161
Other Asset Impairment Charges	73	28	131
Goodwill and Intangible Asset Impairment	52	26	11
Corporate [Member]
Asset Impairment Charges And Exit Costs [Line Items]
Restructuring Charges	4	9	159
Other Asset Impairment Charges		7
Ag Services and Oilseeds [Member]
Asset Impairment Charges And Exit Costs [Line Items]
Other Asset Impairment Charges	10	8	130
Goodwill, Impairment Loss	5
Impairment of Intangible Assets, Finite-lived	42
Carbohydrate Solutions [Member]
Asset Impairment Charges And Exit Costs [Line Items]
Other Asset Impairment Charges	13		$ 1
Nutrition [Member]
Asset Impairment Charges And Exit Costs [Line Items]
Other Asset Impairment Charges	50	13
Goodwill, Impairment Loss	1
Impairment of Intangible Assets, Finite-lived	4
All Reportable Segments [Member]
Asset Impairment Charges And Exit Costs [Line Items]
Restructuring Charges	$ 35	$ 17

Sale of Accounts Receivable (Narrative) (Details) $ in Millions, € in Billions	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2021 EUR (€)
Sale of Accounts Receivable [Line Items]
Proceeds from the collection of receivables sold	$ 47,300	$ 34,200	$ 33,800
Collections applied to deferred consideration		6,700	13,100
Loss on transfer of accounts receivables to purchasers	11	9	18
Lines of credit	11,200
Transfer of Financial Assets Accounted for as Sales, Amount Derecognized	2,200	1,600
Pledged Assets, Not Separately Reported, Finance Receivables	500	400
Amount of receivables sold	50,300	35,000	$ 34,500
Accounts Receivable Securitization Facility [Member]
Sale of Accounts Receivable [Line Items]
Lines of credit	2,300
Program [Member] \| Accounts Receivable Securitization Facility [Member]
Sale of Accounts Receivable [Line Items]
Lines of credit	1,600	$ 1,200
Second Program [Member] \| Accounts Receivable Securitization Facility [Member]
Sale of Accounts Receivable [Line Items]
Lines of credit	$ 700			€ 0.6

Valuation And Qualifying Accounts And Reserves (Schedule Of Valuation And Qualifying Accounts) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Balance at Beginning of Year	$ 100	$ 110	$ 84
Additions	32	47	23
Deductions	(28)	(66)	(19)
Other	18	9	22
Balance at End of Year	$ 122	$ 100	$ 110