2024 Q3 Form 10-Q Financial Statement

#000000708424000026 Filed on July 30, 2024

View on sec.gov

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%

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CY2024Q2 us-gaap Cost Of Revenue
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CY2023Q2 us-gaap Cost Of Revenue
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us-gaap Cost Of Revenue
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us-gaap Cost Of Revenue
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CY2024Q1 us-gaap Notional Amount Of Nonderivative Instruments
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CY2024Q2 adm Foreign Debtusedin Net Investment Hedge Netof Tax
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CY2023Q4 adm Foreign Debtusedin Net Investment Hedge Netof Tax
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CY2024Q2 us-gaap Derivative Assets
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CY2023Q4 us-gaap Derivative Assets
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CY2024Q2 us-gaap Margin Deposit Assets
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CY2023Q4 us-gaap Margin Deposit Assets
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CY2024Q2 us-gaap Receivables From Customers
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CY2023Q4 us-gaap Receivables From Customers
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CY2024Q2 us-gaap Notes Receivable Net
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CY2023Q4 us-gaap Notes Receivable Net
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CY2024Q2 us-gaap Premiums Receivable At Carrying Value
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CY2023Q4 us-gaap Premiums Receivable At Carrying Value
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CY2024Q2 us-gaap Prepaid Expense Current
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CY2023Q4 us-gaap Prepaid Expense Current
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445000000 usd
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CY2024Q2 adm Taxreceivables
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CY2023Q4 adm Taxreceivables
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280000000 usd
CY2023Q4 us-gaap Other Receivables
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304000000 usd
CY2024Q2 us-gaap Other Assets Miscellaneous Current
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CY2023Q4 us-gaap Other Assets Miscellaneous Current
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CY2024Q2 us-gaap Other Assets Current
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CY2023Q4 us-gaap Other Assets Current
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4982000000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
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CY2023Q2 adm Interestonfinancingreceivables
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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
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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
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CY2024Q2 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1351000000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1381000000 usd
CY2024Q2 us-gaap Other Liabilities Current
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CY2023Q4 us-gaap Other Liabilities Current
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CY2024Q2 adm Fair Value Of Debt Below Carrying Value
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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
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CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2024Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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CY2024Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2024Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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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
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2024Q2 adm Gain Losson Saleand Revaluationof Assets
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CY2023Q2 adm Gain Losson Saleand Revaluationof Assets
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adm Gain Losson Saleand Revaluationof Assets
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adm Gain Losson Saleand Revaluationof Assets
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CY2023Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2024Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2023Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2023Q2 us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024Q2 us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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us-gaap Restructuring Charges
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CY2023Q2 us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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CY2023Q2 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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CY2024Q2 us-gaap Transfer Of Financial Assets Accounted For As Sales Fair Value Of Derecognized Assets
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2100000000 usd
CY2023Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Fair Value Of Derecognized Assets
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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

Files In Submission

Name View Source Status
adm-20240630_pre.xml Edgar Link unprocessable
0000007084-24-000026-index-headers.html Edgar Link pending
0000007084-24-000026-index.html Edgar Link pending
0000007084-24-000026.txt Edgar Link pending
0000007084-24-000026-xbrl.zip Edgar Link pending
adm-20240630.htm Edgar Link pending
adm-20240630.xsd Edgar Link pending
adm-20240630_g1.jpg Edgar Link pending
adm-ex311_2024630xq2.htm Edgar Link pending
adm-ex312_2024630xq2.htm Edgar Link pending
adm-ex321_2024630xq2.htm Edgar Link pending
adm-ex322_2024630xq2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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adm-20240630_cal.xml Edgar Link unprocessable
adm-20240630_def.xml Edgar Link unprocessable
adm-20240630_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
adm-20240630_htm.xml Edgar Link completed
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