Global Food Certification Services Market Growth (Status and Outlook) 2025-2031

September 2025 | 92 pages | ID: G2936DDBD77EEN
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According to this study, the global Food Certification Services market size will reach US$ 2485 million by 2031.

Food Certification is one kind of process which includes different stages of certificating. The certificating include applying material, the basic conditions of the production base, manufacturing processing, packing and shipping conditions.

Global Food Certification key players include SGS, Intertek, BV, ALS, etc. Europe is the largest market, followed by China, and North America.

LPI (LP Information)' newest research report, the “Food Certification Services Industry Forecast” looks at past sales and reviews total world Food Certification Services sales in 2024, providing a comprehensive analysis by region and market sector of projected Food Certification Services sales for 2025 through 2031. With Food Certification Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Food Certification Services industry.

This Insight Report provides a comprehensive analysis of the global Food Certification Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Food Certification Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Food Certification Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Food Certification Services and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Food Certification Services.

This report presents a comprehensive overview, market shares, and growth opportunities of Food Certification Services market by product type, application, key players and key regions and countries.

Segmentation by Type:
  • ISO 22000
  • BRCGS
  • SQF
  • IFS
  • HALAL
  • Other
Segmentation by Application:
  • Meat & Seafood
  • Dairy Products
  • Beverages
  • Bakery & Confectionery
  • Other
This report also splits the market by region:
  • Americas
    • United States
    • Canada
    • Mexico
    • Brazil
  • APAC
    • China
    • Japan
    • Korea
    • Southeast Asia
    • India
    • Australia
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
  • Middle East & Africa
    • Egypt
    • South Africa
    • Israel
    • Turkey
    • GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
  • SGS
  • Intertek
  • Bureau Veritas
  • ALS
  • NSF
  • JFRL
  • TUV
  • Lloyd's Register
1 SCOPE OF THE REPORT

1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats

2 EXECUTIVE SUMMARY

2.1 World Market Overview
  2.1.1 Global Food Certification Services Market Size (2020-2031)
  2.1.2 Food Certification Services Market Size CAGR by Region (2020 VS 2024 VS 2031)
  2.1.3 World Current & Future Analysis for Food Certification Services by Country/Region (2020, 2024 & 2031)
2.2 Food Certification Services Segment by Type
  2.2.1 ISO 22000
  2.2.2 BRCGS
  2.2.3 SQF
  2.2.4 IFS
  2.2.5 HALAL
  2.2.6 Other
2.3 Food Certification Services Market Size by Type
  2.3.1 Food Certification Services Market Size CAGR by Type (2020 VS 2024 VS 2031)
  2.3.2 Global Food Certification Services Market Size Market Share by Type (2020-2025)
2.4 Food Certification Services Segment by Application
  2.4.1 Meat & Seafood
  2.4.2 Dairy Products
  2.4.3 Beverages
  2.4.4 Bakery & Confectionery
  2.4.5 Other
2.5 Food Certification Services Market Size by Application
  2.5.1 Food Certification Services Market Size CAGR by Application (2020 VS 2024 VS 2031)
  2.5.2 Global Food Certification Services Market Size Market Share by Application (2020-2025)

3 FOOD CERTIFICATION SERVICES MARKET SIZE BY PLAYER

3.1 Food Certification Services Market Size Market Share by Player
  3.1.1 Global Food Certification Services Revenue by Player (2020-2025)
  3.1.2 Global Food Certification Services Revenue Market Share by Player (2020-2025)
3.2 Global Food Certification Services Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
  3.3.1 Competition Landscape Analysis
  3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 FOOD CERTIFICATION SERVICES BY REGION

4.1 Food Certification Services Market Size by Region (2020-2025)
4.2 Global Food Certification Services Annual Revenue by Country/Region (2020-2025)
4.3 Americas Food Certification Services Market Size Growth (2020-2025)
4.4 APAC Food Certification Services Market Size Growth (2020-2025)
4.5 Europe Food Certification Services Market Size Growth (2020-2025)
4.6 Middle East & Africa Food Certification Services Market Size Growth (2020-2025)

5 AMERICAS

5.1 Americas Food Certification Services Market Size by Country (2020-2025)
5.2 Americas Food Certification Services Market Size by Type (2020-2025)
5.3 Americas Food Certification Services Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil

6 APAC

6.1 APAC Food Certification Services Market Size by Region (2020-2025)
6.2 APAC Food Certification Services Market Size by Type (2020-2025)
6.3 APAC Food Certification Services Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia

7 EUROPE

7.1 Europe Food Certification Services Market Size by Country (2020-2025)
7.2 Europe Food Certification Services Market Size by Type (2020-2025)
7.3 Europe Food Certification Services Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia

8 MIDDLE EAST & AFRICA

8.1 Middle East & Africa Food Certification Services by Region (2020-2025)
8.2 Middle East & Africa Food Certification Services Market Size by Type (2020-2025)
8.3 Middle East & Africa Food Certification Services Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 MARKET DRIVERS, CHALLENGES AND TRENDS

9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends

10 GLOBAL FOOD CERTIFICATION SERVICES MARKET FORECAST

10.1 Global Food Certification Services Forecast by Region (2026-2031)
  10.1.1 Global Food Certification Services Forecast by Region (2026-2031)
  10.1.2 Americas Food Certification Services Forecast
  10.1.3 APAC Food Certification Services Forecast
  10.1.4 Europe Food Certification Services Forecast
  10.1.5 Middle East & Africa Food Certification Services Forecast
10.2 Americas Food Certification Services Forecast by Country (2026-2031)
  10.2.1 United States Market Food Certification Services Forecast
  10.2.2 Canada Market Food Certification Services Forecast
  10.2.3 Mexico Market Food Certification Services Forecast
  10.2.4 Brazil Market Food Certification Services Forecast
10.3 APAC Food Certification Services Forecast by Region (2026-2031)
  10.3.1 China Food Certification Services Market Forecast
  10.3.2 Japan Market Food Certification Services Forecast
  10.3.3 Korea Market Food Certification Services Forecast
  10.3.4 Southeast Asia Market Food Certification Services Forecast
  10.3.5 India Market Food Certification Services Forecast
  10.3.6 Australia Market Food Certification Services Forecast
10.4 Europe Food Certification Services Forecast by Country (2026-2031)
  10.4.1 Germany Market Food Certification Services Forecast
  10.4.2 France Market Food Certification Services Forecast
  10.4.3 UK Market Food Certification Services Forecast
  10.4.4 Italy Market Food Certification Services Forecast
  10.4.5 Russia Market Food Certification Services Forecast
10.5 Middle East & Africa Food Certification Services Forecast by Region (2026-2031)
  10.5.1 Egypt Market Food Certification Services Forecast
  10.5.2 South Africa Market Food Certification Services Forecast
  10.5.3 Israel Market Food Certification Services Forecast
  10.5.4 Turkey Market Food Certification Services Forecast
10.6 Global Food Certification Services Forecast by Type (2026-2031)
10.7 Global Food Certification Services Forecast by Application (2026-2031)
  10.7.1 GCC Countries Market Food Certification Services Forecast

11 KEY PLAYERS ANALYSIS

11.1 SGS
  11.1.1 SGS Company Information
  11.1.2 SGS Food Certification Services Product Offered
  11.1.3 SGS Food Certification Services Revenue, Gross Margin and Market Share (2020-2025)
  11.1.4 SGS Main Business Overview
  11.1.5 SGS Latest Developments
11.2 Intertek
  11.2.1 Intertek Company Information
  11.2.2 Intertek Food Certification Services Product Offered
  11.2.3 Intertek Food Certification Services Revenue, Gross Margin and Market Share (2020-2025)
  11.2.4 Intertek Main Business Overview
  11.2.5 Intertek Latest Developments
11.3 Bureau Veritas
  11.3.1 Bureau Veritas Company Information
  11.3.2 Bureau Veritas Food Certification Services Product Offered
  11.3.3 Bureau Veritas Food Certification Services Revenue, Gross Margin and Market Share (2020-2025)
  11.3.4 Bureau Veritas Main Business Overview
  11.3.5 Bureau Veritas Latest Developments
11.4 ALS
  11.4.1 ALS Company Information
  11.4.2 ALS Food Certification Services Product Offered
  11.4.3 ALS Food Certification Services Revenue, Gross Margin and Market Share (2020-2025)
  11.4.4 ALS Main Business Overview
  11.4.5 ALS Latest Developments
11.5 NSF
  11.5.1 NSF Company Information
  11.5.2 NSF Food Certification Services Product Offered
  11.5.3 NSF Food Certification Services Revenue, Gross Margin and Market Share (2020-2025)
  11.5.4 NSF Main Business Overview
  11.5.5 NSF Latest Developments
11.6 JFRL
  11.6.1 JFRL Company Information
  11.6.2 JFRL Food Certification Services Product Offered
  11.6.3 JFRL Food Certification Services Revenue, Gross Margin and Market Share (2020-2025)
  11.6.4 JFRL Main Business Overview
  11.6.5 JFRL Latest Developments
11.7 TUV
  11.7.1 TUV Company Information
  11.7.2 TUV Food Certification Services Product Offered
  11.7.3 TUV Food Certification Services Revenue, Gross Margin and Market Share (2020-2025)
  11.7.4 TUV Main Business Overview
  11.7.5 TUV Latest Developments
11.8 Lloyd's Register
  11.8.1 Lloyd's Register Company Information
  11.8.2 Lloyd's Register Food Certification Services Product Offered
  11.8.3 Lloyd's Register Food Certification Services Revenue, Gross Margin and Market Share (2020-2025)
  11.8.4 Lloyd's Register Main Business Overview
  11.8.5 Lloyd's Register Latest Developments

12 RESEARCH FINDINGS AND CONCLUSION

LIST OF TABLES

Table 1. Food Certification Services Market Size CAGR by Region (2020 VS 2024 VS 2031) & ($ millions)
Table 2. Food Certification Services Annual Sales CAGR by Country/Region (2020, 2024 & 2031) & ($ millions)
Table 3. Major Players of ISO 22000
Table 4. Major Players of BRCGS
Table 5. Major Players of SQF
Table 6. Major Players of IFS
Table 7. Major Players of HALAL
Table 8. Major Players of Other
Table 9. Food Certification Services Market Size CAGR by Type (2020 VS 2024 VS 2031) & ($ millions)
Table 10. Global Food Certification Services Market Size by Type (2020-2025) & ($ millions)
Table 11. Global Food Certification Services Market Size Market Share by Type (2020-2025)
Table 12. Food Certification Services Market Size CAGR by Application (2020 VS 2024 VS 2031) & ($ millions)
Table 13. Global Food Certification Services Market Size by Application (2020-2025) & ($ millions)
Table 14. Global Food Certification Services Market Size Market Share by Application (2020-2025)
Table 15. Global Food Certification Services Revenue by Player (2020-2025) & ($ millions)
Table 16. Global Food Certification Services Revenue Market Share by Player (2020-2025)
Table 17. Food Certification Services Key Players Head office and Products Offered
Table 18. Food Certification Services Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
Table 19. New Products and Potential Entrants
Table 20. Mergers & Acquisitions, Expansion
Table 21. Global Food Certification Services Market Size by Region (2020-2025) & ($ millions)
Table 22. Global Food Certification Services Market Size Market Share by Region (2020-2025)
Table 23. Global Food Certification Services Revenue by Country/Region (2020-2025) & ($ millions)
Table 24. Global Food Certification Services Revenue Market Share by Country/Region (2020-2025)
Table 25. Americas Food Certification Services Market Size by Country (2020-2025) & ($ millions)
Table 26. Americas Food Certification Services Market Size Market Share by Country (2020-2025)
Table 27. Americas Food Certification Services Market Size by Type (2020-2025) & ($ millions)
Table 28. Americas Food Certification Services Market Size Market Share by Type (2020-2025)
Table 29. Americas Food Certification Services Market Size by Application (2020-2025) & ($ millions)
Table 30. Americas Food Certification Services Market Size Market Share by Application (2020-2025)
Table 31. APAC Food Certification Services Market Size by Region (2020-2025) & ($ millions)
Table 32. APAC Food Certification Services Market Size Market Share by Region (2020-2025)
Table 33. APAC Food Certification Services Market Size by Type (2020-2025) & ($ millions)
Table 34. APAC Food Certification Services Market Size by Application (2020-2025) & ($ millions)
Table 35. Europe Food Certification Services Market Size by Country (2020-2025) & ($ millions)
Table 36. Europe Food Certification Services Market Size Market Share by Country (2020-2025)
Table 37. Europe Food Certification Services Market Size by Type (2020-2025) & ($ millions)
Table 38. Europe Food Certification Services Market Size by Application (2020-2025) & ($ millions)
Table 39. Middle East & Africa Food Certification Services Market Size by Region (2020-2025) & ($ millions)
Table 40. Middle East & Africa Food Certification Services Market Size by Type (2020-2025) & ($ millions)
Table 41. Middle East & Africa Food Certification Services Market Size by Application (2020-2025) & ($ millions)
Table 42. Key Market Drivers & Growth Opportunities of Food Certification Services
Table 43. Key Market Challenges & Risks of Food Certification Services
Table 44. Key Industry Trends of Food Certification Services
Table 45. Global Food Certification Services Market Size Forecast by Region (2026-2031) & ($ millions)
Table 46. Global Food Certification Services Market Size Market Share Forecast by Region (2026-2031)
Table 47. Global Food Certification Services Market Size Forecast by Type (2026-2031) & ($ millions)
Table 48. Global Food Certification Services Market Size Forecast by Application (2026-2031) & ($ millions)
Table 49. SGS Details, Company Type, Food Certification Services Area Served and Its Competitors
Table 50. SGS Food Certification Services Product Offered
Table 51. SGS Food Certification Services Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 52. SGS Main Business
Table 53. SGS Latest Developments
Table 54. Intertek Details, Company Type, Food Certification Services Area Served and Its Competitors
Table 55. Intertek Food Certification Services Product Offered
Table 56. Intertek Food Certification Services Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 57. Intertek Main Business
Table 58. Intertek Latest Developments
Table 59. Bureau Veritas Details, Company Type, Food Certification Services Area Served and Its Competitors
Table 60. Bureau Veritas Food Certification Services Product Offered
Table 61. Bureau Veritas Food Certification Services Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 62. Bureau Veritas Main Business
Table 63. Bureau Veritas Latest Developments
Table 64. ALS Details, Company Type, Food Certification Services Area Served and Its Competitors
Table 65. ALS Food Certification Services Product Offered
Table 66. ALS Food Certification Services Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 67. ALS Main Business
Table 68. ALS Latest Developments
Table 69. NSF Details, Company Type, Food Certification Services Area Served and Its Competitors
Table 70. NSF Food Certification Services Product Offered
Table 71. NSF Food Certification Services Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 72. NSF Main Business
Table 73. NSF Latest Developments
Table 74. JFRL Details, Company Type, Food Certification Services Area Served and Its Competitors
Table 75. JFRL Food Certification Services Product Offered
Table 76. JFRL Food Certification Services Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 77. JFRL Main Business
Table 78. JFRL Latest Developments
Table 79. TUV Details, Company Type, Food Certification Services Area Served and Its Competitors
Table 80. TUV Food Certification Services Product Offered
Table 81. TUV Food Certification Services Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 82. TUV Main Business
Table 83. TUV Latest Developments
Table 84. Lloyd's Register Details, Company Type, Food Certification Services Area Served and Its Competitors
Table 85. Lloyd's Register Food Certification Services Product Offered
Table 86. Lloyd's Register Food Certification Services Revenue ($ million), Gross Margin and Market Share (2020-2025)
Table 87. Lloyd's Register Main Business
Table 88. Lloyd's Register Latest Developments

LIST OF FIGURES

Figure 1. Food Certification Services Report Years Considered
Figure 2. Research Objectives
Figure 3. Research Methodology
Figure 4. Research Process and Data Source
Figure 5. Global Food Certification Services Market Size Growth Rate (2020-2031) ($ millions)
Figure 6. Food Certification Services Sales by Geographic Region (2020, 2024 & 2031) & ($ millions)
Figure 7. Food Certification Services Sales Market Share by Country/Region (2024)
Figure 8. Food Certification Services Sales Market Share by Country/Region (2020, 2024 & 2031)
Figure 9. Global Food Certification Services Market Size Market Share by Type in 2024
Figure 10. Food Certification Services in Meat & Seafood
Figure 11. Global Food Certification Services Market: Meat & Seafood (2020-2025) & ($ millions)
Figure 12. Food Certification Services in Dairy Products
Figure 13. Global Food Certification Services Market: Dairy Products (2020-2025) & ($ millions)
Figure 14. Food Certification Services in Beverages
Figure 15. Global Food Certification Services Market: Beverages (2020-2025) & ($ millions)
Figure 16. Food Certification Services in Bakery & Confectionery
Figure 17. Global Food Certification Services Market: Bakery & Confectionery (2020-2025) & ($ millions)
Figure 18. Food Certification Services in Other
Figure 19. Global Food Certification Services Market: Other (2020-2025) & ($ millions)
Figure 20. Global Food Certification Services Market Size Market Share by Application in 2024
Figure 21. Global Food Certification Services Revenue Market Share by Player in 2024
Figure 22. Global Food Certification Services Market Size Market Share by Region (2020-2025)
Figure 23. Americas Food Certification Services Market Size 2020-2025 ($ millions)
Figure 24. APAC Food Certification Services Market Size 2020-2025 ($ millions)
Figure 25. Europe Food Certification Services Market Size 2020-2025 ($ millions)
Figure 26. Middle East & Africa Food Certification Services Market Size 2020-2025 ($ millions)
Figure 27. Americas Food Certification Services Value Market Share by Country in 2024
Figure 28. United States Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 29. Canada Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 30. Mexico Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 31. Brazil Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 32. APAC Food Certification Services Market Size Market Share by Region in 2024
Figure 33. APAC Food Certification Services Market Size Market Share by Type (2020-2025)
Figure 34. APAC Food Certification Services Market Size Market Share by Application (2020-2025)
Figure 35. China Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 36. Japan Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 37. South Korea Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 38. Southeast Asia Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 39. India Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 40. Australia Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 41. Europe Food Certification Services Market Size Market Share by Country in 2024
Figure 42. Europe Food Certification Services Market Size Market Share by Type (2020-2025)
Figure 43. Europe Food Certification Services Market Size Market Share by Application (2020-2025)
Figure 44. Germany Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 45. France Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 46. UK Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 47. Italy Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 48. Russia Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 49. Middle East & Africa Food Certification Services Market Size Market Share by Region (2020-2025)
Figure 50. Middle East & Africa Food Certification Services Market Size Market Share by Type (2020-2025)
Figure 51. Middle East & Africa Food Certification Services Market Size Market Share by Application (2020-2025)
Figure 52. Egypt Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 53. South Africa Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 54. Israel Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 55. Turkey Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 56. GCC Countries Food Certification Services Market Size Growth 2020-2025 ($ millions)
Figure 57. Americas Food Certification Services Market Size 2026-2031 ($ millions)
Figure 58. APAC Food Certification Services Market Size 2026-2031 ($ millions)
Figure 59. Europe Food Certification Services Market Size 2026-2031 ($ millions)
Figure 60. Middle East & Africa Food Certification Services Market Size 2026-2031 ($ millions)
Figure 61. United States Food Certification Services Market Size 2026-2031 ($ millions)
Figure 62. Canada Food Certification Services Market Size 2026-2031 ($ millions)
Figure 63. Mexico Food Certification Services Market Size 2026-2031 ($ millions)
Figure 64. Brazil Food Certification Services Market Size 2026-2031 ($ millions)
Figure 65. China Food Certification Services Market Size 2026-2031 ($ millions)
Figure 66. Japan Food Certification Services Market Size 2026-2031 ($ millions)
Figure 67. Korea Food Certification Services Market Size 2026-2031 ($ millions)
Figure 68. Southeast Asia Food Certification Services Market Size 2026-2031 ($ millions)
Figure 69. India Food Certification Services Market Size 2026-2031 ($ millions)
Figure 70. Australia Food Certification Services Market Size 2026-2031 ($ millions)
Figure 71. Germany Food Certification Services Market Size 2026-2031 ($ millions)
Figure 72. France Food Certification Services Market Size 2026-2031 ($ millions)
Figure 73. UK Food Certification Services Market Size 2026-2031 ($ millions)
Figure 74. Italy Food Certification Services Market Size 2026-2031 ($ millions)
Figure 75. Russia Food Certification Services Market Size 2026-2031 ($ millions)
Figure 76. Egypt Food Certification Services Market Size 2026-2031 ($ millions)
Figure 77. South Africa Food Certification Services Market Size 2026-2031 ($ millions)
Figure 78. Israel Food Certification Services Market Size 2026-2031 ($ millions)
Figure 79. Turkey Food Certification Services Market Size 2026-2031 ($ millions)
Figure 80. Global Food Certification Services Market Size Market Share Forecast by Type (2026-2031)
Figure 81. Global Food Certification Services Market Size Market Share Forecast by Application (2026-2031)
Figure 82. GCC Countries Food Certification Services Market Size 2026-2031 ($ millions)


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