2024 Q3 Form 10-Q Financial Statement
#000000708424000026 Filed on July 30, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | $19.94B | $22.25B |
YoY Change | -8.1% | -11.68% |
Cost Of Revenue | $18.57B | $20.85B |
YoY Change | -6.6% | -10.53% |
Gross Profit | $1.365B | $1.396B |
YoY Change | -24.59% | -25.86% |
Gross Profit Margin | 6.85% | 6.27% |
Selling, General & Admin | $905.0M | $907.0M |
YoY Change | 11.04% | 7.85% |
% of Gross Profit | 66.3% | 64.97% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $288.0M | $286.0M |
YoY Change | 10.34% | 9.16% |
% of Gross Profit | 21.1% | 20.49% |
Operating Expenses | $905.0M | $907.0M |
YoY Change | 11.04% | 7.85% |
Operating Profit | $460.0M | $489.0M |
YoY Change | -53.77% | -53.07% |
Interest Expense | $174.0M | $187.0M |
YoY Change | 12.26% | 3.89% |
% of Operating Profit | 37.83% | 38.24% |
Other Income/Expense, Net | $58.00M | $9.000M |
YoY Change | 65.71% | -75.68% |
Pretax Income | $108.0M | $596.0M |
YoY Change | -89.52% | -47.35% |
Income Tax | $90.00M | $115.0M |
% Of Pretax Income | 83.33% | 19.3% |
Net Earnings | $18.00M | $486.0M |
YoY Change | -97.81% | -47.57% |
Net Earnings / Revenue | 0.09% | 2.18% |
Basic Earnings Per Share | $0.04 | $0.99 |
Diluted Earnings Per Share | $0.04 | $0.98 |
COMMON SHARES | ||
Basic Shares Outstanding | 478.1M shares | 494.4M shares |
Diluted Shares Outstanding | 483.0M shares | 493.0M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $784.0M | $764.0M |
YoY Change | -47.66% | -46.42% |
Cash & Equivalents | $784.0M | $764.0M |
Short-Term Investments | ||
Other Short-Term Assets | $4.249B | $4.398B |
YoY Change | -24.37% | -13.44% |
Inventory | $10.75B | $10.44B |
Prepaid Expenses | $341.0M | $373.0M |
Receivables | $3.770B | $4.382B |
Other Receivables | $1.909B | $1.851B |
Total Short-Term Assets | $26.63B | $26.96B |
YoY Change | -12.76% | -12.14% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $10.83B | $10.63B |
YoY Change | 5.97% | 4.95% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $5.142B | $5.557B |
YoY Change | -5.98% | -1.91% |
Other Assets | $1.313B | $1.288B |
YoY Change | -2.81% | -3.95% |
Total Long-Term Assets | $25.57B | $25.74B |
YoY Change | 4.08% | 3.72% |
TOTAL ASSETS | ||
Total Short-Term Assets | $26.63B | $26.96B |
Total Long-Term Assets | $25.57B | $25.74B |
Total Assets | $52.20B | $52.70B |
YoY Change | -5.25% | -5.05% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $4.911B | $5.035B |
YoY Change | -6.49% | -0.87% |
Accrued Expenses | $862.0M | $1.351B |
YoY Change | -41.56% | 2.74% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $1.733B | $2.312B |
YoY Change | 1393.97% | 1749.6% |
Long-Term Debt Due | $725.0M | $1.000M |
YoY Change | 72400.0% | -99.67% |
Total Short-Term Liabilities | $19.00B | $18.68B |
YoY Change | 4.96% | -0.55% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $7.578B | $8.247B |
YoY Change | -7.86% | 0.04% |
Other Long-Term Liabilities | $1.054B | $1.000B |
YoY Change | 13.46% | 1.63% |
Total Long-Term Liabilities | $10.93B | $11.55B |
YoY Change | -4.19% | 1.06% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $19.00B | $18.68B |
Total Long-Term Liabilities | $10.93B | $11.55B |
Total Liabilities | $29.93B | $30.24B |
YoY Change | 1.42% | 0.06% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $21.61B | $21.83B |
YoY Change | -12.52% | -9.97% |
Common Stock | $3.208B | $3.200B |
YoY Change | 2.17% | 2.3% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $21.97B | $22.16B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $52.20B | $52.70B |
YoY Change | -5.25% | -5.05% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $18.00M | $486.0M |
YoY Change | -97.81% | -47.57% |
Depreciation, Depletion And Amortization | $288.0M | $286.0M |
YoY Change | 10.34% | 9.16% |
Cash From Operating Activities | $1.300B | $468.0M |
YoY Change | 31.05% | -81.35% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $381.0M | $362.0M |
YoY Change | -13.61% | 26.13% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$9.000M | -$20.00M |
YoY Change | 0.0% | -600.0% |
Cash From Investing Activities | -$390.0M | -$382.0M |
YoY Change | -13.33% | 34.98% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -804.0M | -659.0M |
YoY Change | 20.18% | -75.85% |
NET CHANGE | ||
Cash From Operating Activities | 1.300B | 468.0M |
Cash From Investing Activities | -390.0M | -382.0M |
Cash From Financing Activities | -804.0M | -659.0M |
Net Change In Cash | 106.0M | -573.0M |
YoY Change | -183.46% | 13.92% |
FREE CASH FLOW | ||
Cash From Operating Activities | $1.300B | $468.0M |
Capital Expenditures | $381.0M | $362.0M |
Free Cash Flow | $919.0M | $106.0M |
YoY Change | 66.79% | -95.23% |
Facts In Submission
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Revenues
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Allowance For Doubtful Accounts Receivable Write Offs
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|
73000000 | usd |
CY2024Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
79000000 | usd |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
551000000 | usd | |
CY2024Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
|
274000000 | usd |
CY2024Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
|
29000000 | usd |
CY2024Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
|
70000000 | usd |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
936000000 | usd | |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
551000000 | usd | |
CY2024Q2 | us-gaap |
Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
|
313000000 | usd |
CY2024Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
|
274000000 | usd |
CY2024Q2 | us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
325000000 | usd |
CY2024Q2 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-208000000 | usd |
CY2023Q2 | us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
780000000 | usd |
CY2023Q2 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-545000000 | usd |
us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
889000000 | usd | |
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-546000000 | usd | |
us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
1400000000 | usd | |
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-800000000 | usd | |
CY2024Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
9000000 | usd |
CY2024Q2 | us-gaap |
Interest Expense
InterestExpense
|
187000000 | usd |
CY2024Q2 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-151000000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
25190000000 | usd |
CY2023Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
23307000000 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
37000000 | usd |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
180000000 | usd |
CY2023Q2 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
217000000 | usd |
us-gaap |
Revenues
Revenues
|
44095000000 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
41040000000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
35000000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
353000000 | usd | |
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
38000000 | usd | |
us-gaap |
Revenues
Revenues
|
49262000000 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
45299000000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
81000000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
327000000 | usd | |
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
730000000 | usd | |
CY2024Q2 | adm |
Corn Processed Per Month
CornProcessedPerMonth
|
59000000 | bu |
CY2024Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
20852000000 | usd |
CY2023Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
23307000000 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
41040000000 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
45299000000 | usd | |
CY2024Q2 | us-gaap |
Notional Amount Of Nonderivative Instruments
NotionalAmountOfNonderivativeInstruments
|
700000000 | eur |
CY2024Q1 | us-gaap |
Notional Amount Of Nonderivative Instruments
NotionalAmountOfNonderivativeInstruments
|
700000000 | eur |
CY2024Q2 | adm |
Foreign Debtusedin Net Investment Hedge Netof Tax
ForeignDebtusedinNetInvestmentHedgeNetofTax
|
227000000 | usd |
CY2023Q4 | adm |
Foreign Debtusedin Net Investment Hedge Netof Tax
ForeignDebtusedinNetInvestmentHedgeNetofTax
|
212000000 | usd |
CY2024Q2 | us-gaap |
Derivative Assets
DerivativeAssets
|
1323000000 | usd |
CY2023Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
1546000000 | usd |
CY2024Q2 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
601000000 | usd |
CY2023Q4 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
560000000 | usd |
CY2024Q2 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
812000000 | usd |
CY2023Q4 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
1052000000 | usd |
CY2024Q2 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
145000000 | usd |
CY2023Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
237000000 | usd |
CY2024Q2 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
79000000 | usd |
CY2023Q4 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
61000000 | usd |
CY2024Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
373000000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
445000000 | usd |
CY2024Q2 | adm |
Biodieseltaxcredit
Biodieseltaxcredit
|
150000000 | usd |
CY2023Q4 | adm |
Biodieseltaxcredit
Biodieseltaxcredit
|
119000000 | usd |
CY2024Q2 | adm |
Taxreceivables
Taxreceivables
|
535000000 | usd |
CY2023Q4 | adm |
Taxreceivables
Taxreceivables
|
491000000 | usd |
CY2024Q2 | us-gaap |
Other Receivables
OtherReceivables
|
280000000 | usd |
CY2023Q4 | us-gaap |
Other Receivables
OtherReceivables
|
304000000 | usd |
CY2024Q2 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
100000000 | usd |
CY2023Q4 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
167000000 | usd |
CY2024Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
4398000000 | usd |
CY2023Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
4982000000 | usd |
CY2023Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
6000000 | usd |
CY2024Q2 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
6000000 | usd |
CY2024Q2 | adm |
Interestonfinancingreceivables
Interestonfinancingreceivables
|
5000000 | usd |
adm |
Interestonfinancingreceivables
Interestonfinancingreceivables
|
10000000 | usd | |
CY2023Q2 | adm |
Interestonfinancingreceivables
Interestonfinancingreceivables
|
4000000 | usd |
adm |
Interestonfinancingreceivables
Interestonfinancingreceivables
|
10000000 | usd | |
adm |
Accrued Expenses And Other Payables Disclosure
AccruedExpensesAndOtherPayablesDisclosure
|
Accrued Expenses and Other Payables<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 following table sets forth the items in accrued expenses and other payables:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:69.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.017%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.535%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.019%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><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%">June 30,</span></td><td colspan="3" style="padding:0 1pt"></td><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,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><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%">2024</span></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><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%">2023</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 style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;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%">1,070</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><td colspan="3" style="padding:0 1pt"></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: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%">1,101 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;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%">290</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><td colspan="3" style="padding:0 1pt"></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:400;line-height:100%">439 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;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%">202</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><td colspan="3" style="padding:0 1pt"></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:400;line-height:100%">284 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;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%">206</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><td colspan="3" style="padding:0 1pt"></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:400;line-height:100%">172 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;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%">86</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><td colspan="3" style="padding:0 1pt"></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:400;line-height:100%">73 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;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%">364</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><td colspan="3" style="padding:0 1pt"></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:400;line-height:100%">626 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><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><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> </span></div></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%">1,351</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><td colspan="3" style="padding:0 1pt"></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:400;line-height:100%">1,381 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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 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%">3,569</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><td colspan="3" style="padding:0 1pt"></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: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%">4,076 </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></tr></table></div> | ||
CY2024Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
1070000000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
1101000000 | usd |
CY2024Q2 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
290000000 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
439000000 | usd |
CY2024Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
202000000 | usd |
CY2023Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
284000000 | usd |
CY2024Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
206000000 | usd |
CY2023Q4 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
172000000 | usd |
CY2024Q2 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
86000000 | usd |
CY2023Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
73000000 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
364000000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
626000000 | usd |
CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1351000000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1381000000 | usd |
CY2024Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
3569000000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
4076000000 | usd |
CY2024Q2 | adm |
Fair Value Of Debt Below Carrying Value
FairValueOfDebtBelowCarryingValue
|
500000000 | usd |
CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.193 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.190 | ||
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.180 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.170 | ||
CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2570000000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-355000000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
|
25000000 | usd |
CY2024Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-19000000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-1000000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-310000000 | usd |
CY2024Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2880000000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2487000000 | usd |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-491000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
|
109000000 | usd | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
2000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
9000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-393000000 | usd | |
CY2024Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2880000000 | usd |
CY2024Q2 | adm |
Gain Losson Saleand Revaluationof Assets
GainLossonSaleandRevaluationofAssets
|
5000000 | usd |
CY2023Q2 | adm |
Gain Losson Saleand Revaluationof Assets
GainLossonSaleandRevaluationofAssets
|
21000000 | usd |
adm |
Gain Losson Saleand Revaluationof Assets
GainLossonSaleandRevaluationofAssets
|
7000000 | usd | |
adm |
Gain Losson Saleand Revaluationof Assets
GainLossonSaleandRevaluationofAssets
|
32000000 | usd | |
CY2024Q2 | adm |
Othernet
Othernet
|
4000000 | usd |
CY2023Q2 | adm |
Othernet
Othernet
|
16000000 | usd |
adm |
Othernet
Othernet
|
28000000 | usd | |
adm |
Othernet
Othernet
|
49000000 | usd | |
CY2024Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
9000000 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
37000000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
35000000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
81000000 | usd | |
CY2024Q2 | us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
-5000000 | usd |
us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
-9000000 | usd | |
CY2023Q2 | us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
-5000000 | usd |
us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
-9000000 | usd | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segment | |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
22248000000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
25190000000 | usd |
us-gaap |
Revenues
Revenues
|
44095000000 | usd | |
us-gaap |
Revenues
Revenues
|
49262000000 | usd | |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
22248000000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
25190000000 | usd |
us-gaap |
Revenues
Revenues
|
44095000000 | usd | |
us-gaap |
Revenues
Revenues
|
49262000000 | usd | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
596000000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1132000000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1481000000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2529000000 | usd | |
CY2024Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
7000000 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
10000000 | usd | |
us-gaap |
Restructuring Charges
RestructuringCharges
|
3000000 | usd | |
CY2023Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
43000000 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
46000000 | usd | |
CY2023Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
17000000 | usd |
us-gaap |
Restructuring Charges
RestructuringCharges
|
21000000 | usd | |
CY2024Q2 | us-gaap |
Transfer Of Financial Assets Accounted For As Sales Fair Value Of Derecognized Assets
TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets
|
2100000000 | usd |
CY2023Q4 | us-gaap |
Transfer Of Financial Assets Accounted For As Sales Fair Value Of Derecognized Assets
TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets
|
1600000000 | usd |
adm |
Amount Of Receivables Sold
AmountOfReceivablesSold
|
23600000000 | usd | |
adm |
Amount Of Receivables Sold
AmountOfReceivablesSold
|
28800000000 | usd | |
us-gaap |
Proceeds From Sale Of Other Receivables
ProceedsFromSaleOfOtherReceivables
|
23000000000.0 | usd | |
us-gaap |
Proceeds From Sale Of Other Receivables
ProceedsFromSaleOfOtherReceivables
|
28400000000 | usd | |
CY2024Q2 | us-gaap |
Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
|
-26000000 | usd |
us-gaap |
Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
|
-53000000 | usd | |
CY2023Q2 | us-gaap |
Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
|
-11000000 | usd |
us-gaap |
Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
|
-34000000 | usd | |
CY2024Q2 | us-gaap |
Supplier Finance Program Obligation
SupplierFinanceProgramObligation
|
289000000 | usd |
CY2023Q4 | us-gaap |
Supplier Finance Program Obligation
SupplierFinanceProgramObligation
|
274000000 | usd |
CY2023Q4 | us-gaap |
Supplier Finance Program Obligation
SupplierFinanceProgramObligation
|
274000000 | usd |
us-gaap |
Supplier Finance Program Obligation Increase
SupplierFinanceProgramObligationIncrease
|
520000000 | usd | |
us-gaap |
Supplier Finance Program Obligation Decrease Settlement
SupplierFinanceProgramObligationDecreaseSettlement
|
505000000 | usd | |
CY2024Q2 | us-gaap |
Supplier Finance Program Obligation
SupplierFinanceProgramObligation
|
289000000 | usd |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |