2023 Q1 Form 10-K Financial Statement

#000000708423000010 Filed on February 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $24.07B $26.23B $101.8B
YoY Change 1.78% 13.6% 19.47%
Cost Of Revenue $21.99B $24.47B $94.24B
YoY Change 1.1% 14.11% 18.9%
Gross Profit $2.080B $1.765B $7.609B
YoY Change 9.65% 6.97% 27.09%
Gross Profit Margin 8.64% 6.73% 7.47%
Selling, General & Admin $881.0M $863.0M $3.314B
YoY Change 6.27% 9.8% 10.69%
% of Gross Profit 42.36% 48.9% 43.55%
Research & Development $216.0M
YoY Change 26.32%
% of Gross Profit 2.84%
Depreciation & Amortization $259.0M $254.0M $1.028B
YoY Change 0.78% -1.17% 3.21%
% of Gross Profit 12.45% 14.39% 13.51%
Operating Expenses $881.0M $863.0M $3.314B
YoY Change 6.27% 9.8% 4.71%
Operating Profit $1.199B $902.0M $4.295B
YoY Change 12.27% 4.4% 52.2%
Interest Expense $147.0M $212.0M $720.0M
YoY Change 59.78% 59.4% 171.7%
% of Operating Profit 12.26% 23.5% 16.76%
Other Income/Expense, Net $44.00M $158.0M $314.0M
YoY Change 33.33% 295.0% 234.04%
Pretax Income $1.397B $1.213B $5.233B
YoY Change 9.91% 19.98% 57.95%
Income Tax $225.0M $189.0M $868.0M
% Of Pretax Income 16.11% 15.58% 16.59%
Net Earnings $1.170B $1.019B $4.340B
YoY Change 11.01% 30.31% 60.21%
Net Earnings / Revenue 4.86% 3.88% 4.26%
Basic Earnings Per Share $2.13 $1.84 $7.72
Diluted Earnings Per Share $2.12 $1.839M $7.709M
COMMON SHARES
Basic Shares Outstanding 548.0M shares 549.3M shares 562.0M shares
Diluted Shares Outstanding 551.0M shares 563.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $899.0M $1.037B $1.037B
YoY Change -16.68% 9.97% 9.97%
Cash & Equivalents $899.0M $1.037B $1.037B
Short-Term Investments
Other Short-Term Assets $5.448B $11.63B $11.63B
YoY Change -29.4% 125.42% 7.73%
Inventory $14.77B $14.77B $14.77B
Prepaid Expenses $444.0M $443.0M
Receivables $4.471B $4.926B $4.926B
Other Receivables $2.321B $2.575B $2.575B
Total Short-Term Assets $34.33B $12.66B $12.66B
YoY Change -15.15% -60.31% -60.31%
LONG-TERM ASSETS
Property, Plant & Equipment $10.07B $9.933B $9.933B
YoY Change 2.83% 1.33% -8.25%
Goodwill $4.162B
YoY Change -0.48%
Intangibles $2.382B
YoY Change -7.13%
Long-Term Investments $5.525B $5.467B $5.467B
YoY Change 2.24% 3.44% 3.44%
Other Assets $1.273B $2.420B $2.420B
YoY Change -13.17% 76.77% 76.77%
Total Long-Term Assets $24.48B $24.36B $24.36B
YoY Change 0.26% 0.57% 0.57%
TOTAL ASSETS
Total Short-Term Assets $34.33B $12.66B $12.66B
Total Long-Term Assets $24.48B $24.36B $24.36B
Total Assets $58.80B $37.03B $37.03B
YoY Change -9.35% -34.04% -34.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.271B $7.803B $9.279B
YoY Change 2.22% 22.15% 45.26%
Accrued Expenses $1.322B $1.476B $903.0M
YoY Change 10.72% 14.06% 1.46%
Deferred Revenue $694.0M
YoY Change 19.45%
Short-Term Debt $1.809B $503.0M $503.0M
YoY Change -52.1% -47.49% -47.49%
Long-Term Debt Due $952.0M $942.0M $942.0M
YoY Change 75.32% 65.26% 65.26%
Total Short-Term Liabilities $22.73B $503.0M $503.0M
YoY Change -20.31% -97.71% -97.71%
LONG-TERM LIABILITIES
Long-Term Debt $7.745B $8.677B $8.677B
YoY Change -11.51% 8.31% 8.31%
Other Long-Term Liabilities $1.011B $3.232B $3.232B
YoY Change -17.87% 162.12% 61.76%
Total Long-Term Liabilities $10.88B $11.91B $11.91B
YoY Change -11.77% 4.27% 18.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.73B $503.0M $503.0M
Total Long-Term Liabilities $10.88B $11.91B $11.91B
Total Liabilities $33.61B $12.71B $12.71B
YoY Change -17.73% -61.91% -62.24%
SHAREHOLDERS EQUITY
Retained Earnings $24.22B $23.65B
YoY Change 7.71% 9.19%
Common Stock $3.106B $3.147B
YoY Change 2.58% 5.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.700B
YoY Change 466.67%
Treasury Stock Shares 169.0M shares
Shareholders Equity $24.86B $24.32B $24.32B
YoY Change
Total Liabilities & Shareholders Equity $58.80B $37.03B $37.03B
YoY Change -9.35% -34.04% -34.04%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.170B $1.019B $4.340B
YoY Change 11.01% 30.31% 60.21%
Depreciation, Depletion And Amortization $259.0M $254.0M $1.028B
YoY Change 0.78% -1.17% 3.21%
Cash From Operating Activities -$1.610B $130.0M $3.478B
YoY Change 33.5% -82.48% -47.26%
INVESTING ACTIVITIES
Capital Expenditures $327.0M -$478.0M -$1.319B
YoY Change 50.69% 5.05% -212.83%
Acquisitions $0.00 $22.00M
YoY Change -98.59%
Other Investing Activities $10.00M $26.00M -$81.00M
YoY Change -89.36% -102.8% -154.73%
Cash From Investing Activities -$328.0M -$452.0M -$1.400B
YoY Change -4.09% -67.29% -47.55%
FINANCING ACTIVITIES
Cash Dividend Paid $248.0M $899.0M
YoY Change 9.73% 7.79%
Common Stock Issuance & Retirement, Net -$1.450B
YoY Change
Debt Paid & Issued, Net $2.000M $482.0M
YoY Change -9.74%
Cash From Financing Activities $598.0M -135.0M -2.499B
YoY Change -81.98% -130.96% 123.52%
NET CHANGE
Cash From Operating Activities -$1.610B 130.0M 3.478B
Cash From Investing Activities -$328.0M -452.0M -1.400B
Cash From Financing Activities $598.0M -135.0M -2.499B
Net Change In Cash -$1.346B -457.0M -421.0M
YoY Change -176.05% 124.02% -114.99%
FREE CASH FLOW
Cash From Operating Activities -$1.610B $130.0M $3.478B
Capital Expenditures $327.0M -$478.0M -$1.319B
Free Cash Flow -$1.937B $608.0M $4.797B
YoY Change 36.12% -49.21% -11.59%

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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Nature of Business</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ADM unlocks the power of nature to enrich the quality of life. The Company is an indispensable global agricultural supply chain manager and processor; a premier human and animal nutrition provider; a trailblazer in groundbreaking solutions to support healthier living; an industry-leading innovator in replacing petroleum-based products; and a leader in sustainability. ADM’s breadth, depth, insights, facilities and logistical expertise give the Company unparalleled capabilities to meet demand driven by global trends related to food security, health and well-being, and sustainability of the agriculture and food value chains. From the seed of the idea to the outcome of the solution, ADM gives customers an edge in solving the nutritional and sustainability challenges of today and tomorrow.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is one of the world’s leading producers of ingredients for sustainable nutrition. From staple foods, such as flour, oils, and sweeteners, to innovative alternatives like plant-based meat and dairy, ADM offers the industry’s broadest portfolio of food and beverage solutions. The Company is also a leader in animal nutrition. Today, more and more people want to feed their pets with the same kind of clean, simple, and healthy products that they eat themselves, and consumers expect livestock and poultry to be fed and raised naturally, humanely, and sustainably. ADM offers a range of ingredients, flavors, and solutions from nature to meet every animal’s needs.</span></div>
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
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CY2021Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
27000000 usd
CY2022 adm Accrued Expenses And Other Payables Disclosure
AccruedExpensesAndOtherPayablesDisclosure
Accrued Expenses and Other Payables<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table sets forth the items in accrued expenses and other payables:</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:72.692%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.637%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.639%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2022</span></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-bottom:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td colspan="9" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(In millions)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unrealized losses on derivative contracts</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,543</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,950 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued compensation</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">475</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">445 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax payable</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">248</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other taxes payable</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">136</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">168 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Insurance claims payable</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">223</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">220 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contract liability</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">694</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">581 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other accruals and payables</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,476</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,294 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4,795</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,790 </span></td><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>
CY2022Q4 adm Unrealized Losses On Derivative Contracts Fair Value Disclosure
UnrealizedLossesOnDerivativeContractsFairValueDisclosure
1543000000 usd
CY2021Q4 adm Unrealized Losses On Derivative Contracts Fair Value Disclosure
UnrealizedLossesOnDerivativeContractsFairValueDisclosure
1950000000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
475000000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
445000000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
248000000 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
132000000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
136000000 usd
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
168000000 usd
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
223000000 usd
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
220000000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
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CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
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CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4795000000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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CY2022Q4 adm Creditfacilityavailabletounconsolidatedaffiliates
Creditfacilityavailabletounconsolidatedaffiliates
116000000 usd
CY2022Q4 adm Numberof Unconsolidated Affiliateswith Credit Facilities
NumberofUnconsolidatedAffiliateswithCreditFacilities
5 entity
CY2022Q4 us-gaap Due From Affiliate Current
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0 usd
CY2022 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
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CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
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CY2020 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
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CY2022Q4 us-gaap Due From Affiliates
DueFromAffiliates
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CY2021Q4 us-gaap Due From Affiliates
DueFromAffiliates
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CY2022Q4 us-gaap Goodwill
Goodwill
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CY2021Q4 us-gaap Goodwill
Goodwill
4182000000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-123000000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1430000000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2382000000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3780000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
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CY2022 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
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CY2022 adm Foreign Currency Translation Gain Loss On Accumulated Amortization Of Other Finite Lived Intangible Amortization
ForeignCurrencyTranslationGainLossOnAccumulatedAmortizationOfOtherFiniteLivedIntangibleAmortization
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CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
235000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
173000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
246000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
273000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2022Q4 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt Current
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CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q3 us-gaap Debt Instrument Repurchased Face Amount
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CY2022 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
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CY2022 us-gaap Amortization Of Debt Discount Premium
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CY2021 us-gaap Amortization Of Debt Discount Premium
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CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
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CY2022Q4 adm Excess Of Carrying Value Of Debt Over Fair Value
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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CY2022Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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CY2022Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2021Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2022Q4 adm Standby Letter Of Credit And Surety Bonds
StandbyLetterOfCreditAndSuretyBonds
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CY2021Q4 adm Standby Letter Of Credit And Surety Bonds
StandbyLetterOfCreditAndSuretyBonds
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
38.27
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
38.27
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2020 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Gain Loss On Disposition Of Assets1
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CY2021 us-gaap Gain Loss On Disposition Of Assets1
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CY2020 us-gaap Gain Loss On Disposition Of Assets1
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CY2022 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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CY2021 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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CY2020 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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CY2022 adm Other Income Expense Net
OtherIncomeExpenseNet
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CY2021 adm Other Income Expense Net
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CY2020 adm Other Income Expense Net
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CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
255000000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
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CY2022 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2021 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2021 us-gaap Foreign Currency Transaction Gain Before Tax
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CY2020 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
442000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2508000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1173000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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595000000 usd
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1883000000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
5467000000 usd
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
5285000000 usd
CY2022Q4 us-gaap Assets
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CY2021Q4 us-gaap Assets
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CY2022 us-gaap Property Plant And Equipment Additions
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CY2021 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
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CY2022 us-gaap Revenues
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CY2021 us-gaap Revenues
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CY2020 us-gaap Revenues
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CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
9933000000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
9803000000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
29000000 usd
CY2021 us-gaap Restructuring Charges
RestructuringCharges
39000000 usd
CY2020 us-gaap Restructuring Charges
RestructuringCharges
26000000 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
2000000 usd
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
52000000 usd
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
26000000 usd
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
35000000 usd
CY2021 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
73000000 usd
CY2020 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
28000000 usd
CY2022 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
66000000 usd
CY2021 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
164000000 usd
CY2020 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
80000000 usd
CY2022Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized
2600000000 usd
CY2021Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized
2200000000 usd
CY2022 adm Amount Of Receivables Sold
AmountOfReceivablesSold
59000000000 usd
CY2021 adm Amount Of Receivables Sold
AmountOfReceivablesSold
50300000000 usd
CY2020 adm Amount Of Receivables Sold
AmountOfReceivablesSold
35000000000 usd
CY2022 adm Proceedsfromthecollectionofreceivablessold
Proceedsfromthecollectionofreceivablessold
56900000000 usd
CY2021 adm Proceedsfromthecollectionofreceivablessold
Proceedsfromthecollectionofreceivablessold
47300000000 usd
CY2020 adm Proceedsfromthecollectionofreceivablessold
Proceedsfromthecollectionofreceivablessold
34200000000 usd
CY2020 adm Collectionsappliedtodeferredconsideration
Collectionsappliedtodeferredconsideration
6700000000 usd
CY2022 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-21000000 usd
CY2021 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-11000000 usd
CY2020 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-9000000 usd
CY2022 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2022 dei Auditor Location
AuditorLocation
Saint Louis, Missouri
CY2022 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2022 dei Auditor Location
AuditorLocation
Saint Louis, Missouri

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