Archer Daniels Midland 2007 Annual Report Download - page 60

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52
Archer Daniels Midland Company
Notes to Consolidated Financial Statements (Continued)
Note 6. Goodwill
The Company accounts for its goodwill and other intangible assets in accordance with SFAS Number 142,
Goodwill and Other Intangible Assets. Under this standard, goodwill and intangible assets deemed to have
indefinite lives are not amortized but are subject to annual impairment tests. The Company recorded no
goodwill impairment charge during 2007 and recorded a $10 million goodwill impairment charge during 2006
based on annual impairment tests. The carrying value of the Company’s other intangible assets is not material.
Goodwill balances attributable to consolidated businesses and investments in affiliates, by segment, are set forth
in the following table.
2007 2006
Consolidated Investments Consolidated Investments
Businesses in Affiliates Total Businesses In Affiliates Total
(In millions) (In millions)
Oilseeds Processing $ 15 $ 9 $ 24 $ 11 $ 9 $ 21
Corn Processing 77 7 84 77 7 84
Agricultural Services 7 – 7 9 16 24
Other 135 67 202 126 67 193
Total $234 $83 $317 $223 $99 $322
The changes in goodwill during 2007 are related to acquisitions, the disposal of an affiliate, and foreign currency
translation adjustments.