Goodwill (Tables)

12 Months Ended

Dec. 31, 2011

Changes in the carrying value of goodwill by segment

(US$ in millions)	Agribusiness			Sugar and Bioenergy ⁽¹⁾			Edible Oil Products			Milling Products			Fertilizer		Total

Balance, January 1, 2010	$	204		$	130		$	83		$	10		$	—	$	427
Goodwill acquired ⁽²⁾		9			440			4			—			1		454
Reallocation of acquired goodwill ⁽²⁾		—			—			(4	)		—			—		(4	)
Impairment		—			—			—			(3	)		—		(3	)
Tax benefit on goodwill amortization ⁽³⁾		(6	)		—			(1	)		—			—		(7	)
Foreign exchange translation		8			61			(2	)		—			—		67

Balance, December 31, 2010		215			631			80			7			1		934
Goodwill acquired ⁽²⁾		34			—			41			—			—		75
Reallocation of acquired goodwill ⁽²⁾		(5	)		—			—			—			—		(5	)
Tax benefit on goodwill amortization ⁽³⁾		(7	)		—			—			—			—		(7	)
Foreign exchange translation		(21	)		(71	)		(11	)		(1	)		—		(104	)

Balance, December 31, 2011	$	216		$	560		$	110		$	6		$	1	$	893

⁽¹⁾: See Notes 1 and 2.
⁽²⁾: See Note 2.
⁽³⁾: 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 consolidated statements of income.

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

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