Pension Plans (Tables) (Pension plans, defined benefit)

12 Months Ended

Dec. 31, 2011

Pension plans, defined benefit

Changes in the U.S. and foreign defined benefit pension plans' benefit obligations, assets and funded status of plans recognized in the balance sheet

	U.S. Pension Benefits December 31,						Foreign Pension Benefits December 31,

(US$ in millions)	2011			2010			2011			2010
Change in benefit obligations:
Benefit obligation as of beginning of year	$	432		$	394		$	136		$	479
Service cost		15			13			7			3
Interest cost		25			24			6			22
Actuarial loss (gain), net		58			19			4			9
Employee contributions		—			—			3			1
Net transfers in (out)		—			—			—			(398	)
Plan amendments		—			—			—			1
Plan settlements		—			—			(4	)		42
Benefits paid		(16	)		(17	)		(4	)		(19	)
Expenses paid		(1	)		(1	)		(1	)		—
Impact of foreign exchange rates		—			—			(4	)		(4	)

Benefit obligation as of end of year	$	513		$	432		$	143		$	136

Change in plan assets:
Fair value of plan assets as of beginning of year	$	330		$	298		$	115		$	493
Actual return on plan assets		21			48			6			28
Employer contributions		22			2			11			14
Employee contributions		—			—			3			1
Plan settlements		—			—			(3	)		(2	)
Divestitures		—			—			—			(398	)
Benefits paid		(17	)		(17	)		(4	)		(19	)
Expenses paid		(1	)		(1	)		(1	)		—
Impact of foreign exchange rates		—			—			(3	)		(2	)

Fair value of plan assets as of end of year	$	355		$	330		$	124		$	115

Funded (unfunded) status and net amounts recognized:
Plan assets (less than) in excess of benefit obligation	$	(158	)	$	(102	)	$	(19	)	$	(21	)
Net (liability) asset recognized in the balance sheet	$	(158	)	$	(102	)	$	(19	)	$	(21	)

Amounts recognized in the balance sheet consist of:
Non-current assets	$	—		$	2		$	9		$	10
Current liabilities		(1	)		(1	)		(2	)		(2	)
Non-current liabilities		(157	)		(103	)		(26	)		(29	)

Net (liability) asset recognized	$	(158	)	$	(102	)	$	(19	)	$	(21	)

Schedule of accumulated benefit obligation in excess of plan assets, aggregated U.S. and foreign defined benefit pension plans

	U.S. Pension Benefits December 31,				Foreign Pension Benefits December 31,

(US$ in millions)	2011		2010		2011		2010
Projected benefit obligation	$	513	$	381	$	36	$	29
Accumulated benefit obligation		468		330		34		28
Fair value of plan assets	$	355	$	276	$	7	$	3

Components of net periodic benefit costs

	U.S. Pension Benefits December 31,									Foreign Pension Benefits December 31,

(US$ in millions)	2011			2010			2009			2011			2010			2009
Service cost	$	15		$	13		$	12		$	7		$	3		$	3
Interest cost		25			24			22			6			22			41
Expected return on plan assets		(26	)		(24	)		(22	)		(6	)		(25	)		(43	)
Amortization of prior service cost		2			2			2			—			1			1
Amortization of net loss		5			5			3			1			—			(2	)
Settlement loss recognized		—			—			—			—			26			1

Net periodic benefit costs	$	21		$	20		$	17		$	8		$	27		$	1

Weighted average assumptions used in determining the benefit obligation under the U.S. and foreign defined benefit pension plans

	U.S. Pension Benefits December 31,						Foreign Pension Benefits December 31,

(US$ in millions)	2011			2010			2011			2010
Discount rate		5.0	%		6.0	%		4.2	%		4.4	%
Increase in future compensation levels		3.8	%		4.2	%		2.7	%		2.4	%

Weighted average assumptions used in determining the net periodic benefit cost under the U.S. and foreign defined benefit pension plans

	U.S. Pension Benefits December 31,									Foreign Pension Benefits December 31,

(US$ in millions)	2011			2010			2009			2011			2010			2009
Discount rate		6.0	%		6.2	%		6.5	%		4.4	%		10.5	%		11.4	%
Expected long-term rate of return on assets		8.0	%		8.0	%		8.0	%		5.3	%		11.4	%		10.9	%
Increase in future compensation levels		4.2	%		4.2	%		4.2	%		2.4	%		6.3	%		6.7	%

Fair values of U.S. and foreign defined benefit pension plan assets

The fair values of Bunge's U.S. and foreign defined benefit pension plans' assets as of the measurement date for 2011 and 2010, by category, are as follows:

(US$ in millions)	Fair Value Measurements at December 31, 2011

Asset Category	Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	U.S. Pension Benefits		Foreign Pension Benefits		U.S. Pension Benefits		Foreign Pension Benefits		U.S. Pension Benefits		Foreign Pension Benefits		U.S. Pension Benefits		Foreign Pension Benefits
Equities:
Mutual Funds ⁽¹⁾	$	220	$	78	$	220	$	1	$	—	$	17	$	—	$	—
Fixed income securities:
Mutual Funds ⁽²⁾		135		46		73		5		62		101		—		—

Total	$	355	$	124	$	293	$	6	$	62	$	118	$	—	$	—

(US$ in millions)	Fair Value Measurements at December 31, 2010

Asset Category	Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	U.S. Pension Benefits		Foreign Pension Benefits		U.S. Pension Benefits		Foreign Pension Benefits		U.S. Pension Benefits		Foreign Pension Benefits		U.S. Pension Benefits		Foreign Pension Benefits
Equities:
Mutual Funds ⁽¹⁾	$	213	$	20	$	213	$	1	$	—	$	19	$	—	$	—
Fixed income securities:
Mutual Funds ⁽²⁾		117		95		65		—		52		46		—		49

Total	$	330	$	115	$	278	$	1	$	52	$	65	$	—	$	49

⁽¹⁾: This category represents a portfolio of equity investments comprised of equity index funds that invest in U.S. equities and non-U.S. equities. The U.S. equities are comprised of investments focusing on large, mid and small cap companies and non-U.S. equities are comprised of international, emerging markets and real estate investment trusts.
⁽²⁾: This category represents a portfolio of fixed income investments in mutual funds comprised of investment grade U.S. government bonds and notes, foreign government bonds and corporate bonds from diverse industries.

Summary of changes in plan assets Level 3

(US$ in millions)	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)

	Insured
	Asset
Beginning balance, January 1, 2011	$	49
Actual return on plan assets:
Relating to assets still held at December 31, 2011		—
Relating to assets sold during 2011		—
Purchase, sales and settlements		—
Transfers into Level 3		—
Transfers out of Level 3		(49	)

Ending balance, December 31, 2011	$	—

(US$ in millions)	Fair Value Measurements Using Significant Unobservable Input (Level 3)

	Insured
	Asset
Beginning balance, January 1, 2010	$	—
Actual return on plan assets:
Relating to assets still held at December 31, 2010		—
Relating to assets sold during 2010		—
Purchase, sales and settlements		—
Transfers into Level 3 ⁽¹⁾		49

Ending balance, December 31, 2010	$	49

⁽¹⁾: At December 31, 2010, there was a transfer in of a plan previously accounted for as a defined contribution plan. This plan's assets are classified as insured assets and are held by a collective insurance fund. Bunge does not actively participate in the administration or the asset management of the collective fund.

Estimated future benefit payments for U.S. and foreign defined benefit pension plans

(US$ in millions)	U.S. Pension Benefit Payments		Foreign Pension Benefit Payments

2012	$	19	$	9
2013		21		8
2014		23		9
2015		27		9
2016		28		9
2017-2021		169		48

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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