v2.4.0.6
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2010
Shareholders' Equity  
Accumulated other comprehensive income (loss)

(US$ in millions)
  Foreign
Exchange
Translation
Adjustment (1)
  Deferred
Gain (Loss)
on Hedging
Activities
  Treasury
Rate Lock
Contracts
  Pension
and Other
Postretirement
Liability
Adjustment
  Unrealized
Gain (Loss)
on
Investments
  Accumulated
Other
Comprehensive
Income (Loss)
 

Balance, January 1, 2008

  $ 707   $ 12   $ (11 ) $ (43 ) $ 4   $ 669  

Other comprehensive income (loss), net of tax

    (1,346 )   (92 )   2     (36 )   (8 )   (1,480 )
                           

Balance, December 31, 2008

    (639 )   (80 )   (9 )   (79 )   (4 )   (811 )

Other comprehensive income (loss), net of tax

    1,062     75     2     (11 )   2     1,130  
                           

Balance, December 31, 2009

    423     (5 )   (7 )   (90 )   (2 )   319  

Other comprehensive income, net of tax

    247     3     7     7         264  
                           

Balance, December 31, 2010

  $ 670   $ (2 ) $   $ (83 ) $ (2 ) $ 583  
                           

(1)
Bunge has significant operating subsidiaries in Brazil, Argentina and Europe. The functional currency of Bunge's subsidiaries is the local currency. The assets and liabilities of these subsidiaries are translated into U.S. dollars from local currency at month-end exchange rates, and the resulting foreign exchange translation gains and losses are recorded in the consolidated balance sheets as a component of accumulated other comprehensive income (loss).
Comprehensive income (loss)

 
  Year Ended December 31,  
(US$ in millions)
  2010   2009   2008  

Net income

  $ 2,388   $ 335   $ 1,326  

Other comprehensive income (loss):

                   
 

Foreign exchange translation adjustment, net of tax

    223     1,252     (1,527 )
 

Unrealized gains (losses) on commodity futures and foreign exchange contracts designated as cash flow hedges, net of tax (expense) benefit $(11), $(10), $31

    21     25     (68 )
 

Unrealized gains (losses) on investments, net of tax (expense) benefit $0, $(1), $4

        2     (8 )
 

Reclassification of realized net (gains) losses to net income, net of tax expense (benefit) $11, $(30), $15

    (11 )   52     (22 )
 

Pension adjustment, net of tax (expense) benefit $(5), $11, $10

    5     (27 )   (15 )
 

Other postretirement healthcare subsidy tax deduction adjustment

    2          
               

Total comprehensive income (loss)

    2,628     1,639     (314 )
 

Less: Comprehensive income attributable to noncontrolling interest

    (10 )   (148 )   (102 )
               

Total comprehensive income (loss) attributable to Bunge

  $ 2,618   $ 1,491   $ (416 )