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16. EMPLOYEE BENEFIT PLANS
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U.S.-Pension Benefits |
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Foreign-Pension Benefits |
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Three Months Ended |
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Three Months Ended |
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September 30, |
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September 30, |
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(US$ in millions) |
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2011 |
|
2010 |
|
2011 |
|
2010 |
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Service cost |
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$ |
3 |
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$ |
3 |
|
$ |
1 |
|
$ |
— |
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Interest cost |
|
6 |
|
6 |
|
1 |
|
2 |
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Expected return on plan assets |
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(6 |
) |
(6 |
) |
(2 |
) |
(1 |
) |
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Amortization of prior service cost |
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–– |
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— |
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— |
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— |
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Amortization of net loss (gain) |
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2 |
|
2 |
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1 |
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— |
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Net periodic benefit cost |
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$ |
5 |
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$ |
5 |
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$ |
1 |
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$ |
1 |
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U.S.-Pension Benefits |
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Foreign-Pension Benefits |
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Nine Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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(US$ in millions) |
|
2011 |
|
2010 |
|
2011 |
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2010 |
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Service cost |
|
$ |
11 |
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$ |
10 |
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$ |
5 |
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$ |
2 |
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Interest cost |
|
19 |
|
18 |
|
4 |
|
22 |
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Expected return on plan assets |
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(19 |
) |
(18 |
) |
(5 |
) |
(24 |
) |
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Amortization of prior service cost |
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1 |
|
1 |
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— |
|
— |
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Amortization of net loss (gain) |
|
4 |
|
4 |
|
1 |
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— |
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Net periodic benefit cost |
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$ |
16 |
|
$ |
15 |
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$ |
5 |
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$ |
— |
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U.S.-Postretirement |
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Foreign-Postretirement |
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Healthcare Benefits |
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Healthcare Benefits |
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Three Months Ended |
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Three Months Ended |
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September 30, |
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September 30, |
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|
(US$ in millions) |
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
Service cost |
|
$ |
— |
|
$ |
— |
|
$ |
–– |
|
$ |
— |
|
|
Interest cost |
|
— |
|
— |
|
3 |
|
2 |
|
|
Amortization of prior service cost |
|
— |
|
— |
|
–– |
|
— |
|
|
Amortization of net loss (gain) |
|
— |
|
— |
|
–– |
|
— |
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|
Net periodic benefit cost |
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$ |
— |
|
$ |
— |
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$ |
3 |
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$ |
2 |
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U.S.-Postretirement |
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Foreign-Postretirement |
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Healthcare Benefits |
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Healthcare Benefits |
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Nine Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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|
(US$ in millions) |
|
2011 |
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2010 |
|
2011 |
|
2010 |
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Service cost |
|
$ |
— |
|
$ |
— |
|
$ |
1 |
|
$ |
1 |
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Interest cost |
|
–– |
|
1 |
|
8 |
|
8 |
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Amortization of prior service cost |
|
— |
|
— |
|
(1 |
) |
(1 |
) |
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Amortization of net loss (gain) |
|
— |
|
— |
|
1 |
|
1 |
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Net periodic benefit cost |
|
$ |
–– |
|
$ |
1 |
|
$ |
9 |
|
$ |
9 |
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In the nine months ended September 30, 2011, Bunge made contributions of approximately $18 million and $15 million to its U.S. and foreign defined benefit pension plans, respectively. In the nine months ended September 30, 2010, Bunge made contributions totalling approximately $1 million and $11 million to its U.S. and foreign defined benefit pension plans, respectively.
In the nine months ended September 30, 2011, Bunge made contributions of approximately $1 million and $5 million to its U.S. and to its foreign postretirement benefit plans, respectively. In the nine months ended September 30, 2010, Bunge made contributions totalling approximately $2 million and $6 million to its U.S. and to its foreign postretirement benefit plans, respectively.
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