v2.3.0.15
GOODWILL (Tables)
9 Months Ended
Sep. 30, 2011
GOODWILL 
Changes in the carrying value of goodwill by segment

 

 

 

 

 

 

Sugar and

 

Edible Oil

 

Milling

 

 

 

 

 

(US$ in millions) 

 

Agribusiness

 

Bioenergy

 

Products

 

Products

 

Fertilizer

 

Total

 

Balance, December 31, 2010

 

$

215

 

$

631

 

$

80

 

$

7

 

$

1

 

$

934

 

Acquired goodwill (1)

 

34

 

—

 

—

 

—

 

—

 

34

 

Reallocation of acquired goodwill

 

(5

)

—

 

—

 

—

 

—

 

(5

)

Tax benefit on goodwill amortization (2)

 

(5

)

—

 

—

 

—

 

—

 

(5

)

Foreign exchange translation

 

(20

)

(64

)

(6

)

(1

)

—

 

(91

)

Balance, September 30, 2011

 

$

219

 

$

567

 

$

74

 

$

6

 

$

1

 

$

867

 

 

 

(1)       See Note 3.

 

(2)             Bunge’s Brazilian subsidiary’s tax deductible goodwill is in excess of its book goodwill.  For financial reporting purposes, for goodwill acquired prior to 2009, the tax benefits attributable to the excess tax goodwill are first used to reduce associated goodwill and then other intangible assets to zero, prior to recognizing any income tax benefit in the condensed consolidated statements of income.