Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name ARCHER DANIELS MIDLAND CO
CIK 0000007084
Accession number 0000007084-14-000011
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/7084/000000708414000011/adm-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
 
December 31, 2013
 
December 31, 2012
 
(In millions)
Deferred tax liabilities
 
 
 
Property, plant, and equipment
$
1,286

 
$
1,163

Equity in earnings of affiliates
323

 
329

Debt exchange
123

 
140

Inventories
132

 
89

Other
119

 
141

 
$
1,983

 
$
1,862

Deferred tax assets
 
 
 

Pension and postretirement benefits
$
267

 
$
373

Stock compensation
60

 
67

Foreign tax credit carryforwards
26

 
32

Foreign tax loss carryforwards
329

 
344

Capital loss carryforwards
24

 
25

State tax attributes
74

 
79

Other
205

 
105

Gross deferred tax assets
985

 
1,025

Valuation allowances
(329
)
 
(173
)
Net deferred tax assets
$
656

 
$
852

 
 
 
 
Net deferred tax liabilities
$
1,327

 
$
1,010

 
 
 
 
The net deferred tax liabilities are classified as follows:
 
 
 

Current assets
$
—

 
$
36

Current assets (foreign)
17

 
—

Current liabilities
(8
)
 
—

Current liabilities (foreign)
(22
)
 
(97
)
Noncurrent assets (foreign)
134

 
318

Noncurrent liabilities
(1,404
)
 
(1,267
)
Noncurrent liabilities (foreign)
(44
)
 
—

 
$
(1,327
)
 
$
(1,010
)

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 985,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -329,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 656,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -1,983,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -1,327,000,000
CHECK 0

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -1,448,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -1,327,000,000
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 656,000,000
Deferred tax liabilities, net -1,983,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -1,327,000,000
CHECK 0

*

*

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