Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2011

Combined financial information for all equity method investments

	December 31,

(US$ in millions)	2011		2010
Combined financial position:
Current assets	$	1,135	$	1,269
Non-current assets		1,988		2,004

Total assets	$	3,123	$	3,273

Current liabilities	$	665	$	778
Non-current liabilities		590		600
Stockholders' equity		1,868		1,895

Total liabilities and stockholders' equity	$	3,123	$	3,273

Amounts recorded by Bunge:
Investments ⁽¹⁾	$	600	$	609

	December 31,

(US$ in millions)	2011		2010		2009
Combined results of operations:
Revenues	$	3,540	$	2,902	$	5,407
Gross profit		311		330		505
Income before income tax and noncontrolling interest		27		82		94
Net income		65		66		82
Amounts recorded by Bunge:
Equity in earnings of affiliates ⁽²⁾	$	44	$	27	$	80

⁽¹⁾: At December 31, 2011 and 2010, Bunge's investment of $365 million and $367 million, respectively, equaled its underlying equity in the net assets of Solae.
⁽²⁾: In 2011, equity in earnings of affiliates includes a $37 million gain on sale of our interest in an oilseed processing facility joint venture. In 2009, equity in earnings of affiliates includes a $66 million (net of tax of $3 million) gain on the sale of Saipol S.A.S., a European edible oils joint venture.

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

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