(US$ in millions)	Foreign Exchange Translation Adjustment ⁽¹⁾			Deferred Gain (Loss) on Hedging Activities			Treasury Rate Lock Contracts			Pension and Other Postretirement Liability Adjustment			Unrealized Gain (Loss) on Investments			Accumulated Other Comprehensive Income (Loss)

Balance, January 1, 2009	$	(639	)	$	(80	)	$	(9	)	$	(79	)	$	(4	)	$	(811	)
Other comprehensive income (loss)		1,062			55			2			(17	)		3			1,105
Income tax benefit (expense)		—			20			—			6			(1	)		25

Balance, December 31, 2009		423			(5	)		(7	)		(90	)		(2	)		319
Other comprehensive income (loss)		247			4			6			12			—			269
Income tax benefit (expense)		—			(1	)		1			(5	)		—			(5	)

Balance, December 31, 2010		670			(2	)		—			(83	)		(2	)		583
Other comprehensive income (loss)		(1,130	)		(33	)		—			(61	)		—			(1,224	)
Income tax benefit (expense)		—			11			—			20			—			31

Balance, December 31, 2011	$	(460	)	$	(24	)	$	—		$	(124	)	$	(2	)	$	(610	)

⁽¹⁾: Bunge has significant operating subsidiaries in Brazil, Argentina and Europe. The functional currency of Bunge's subsidiaries is the local currency. The assets and liabilities of these subsidiaries are translated into U.S. dollars from local currency at month-end exchange rates, and the resulting foreign exchange translation gains (losses) are recorded in the consolidated balance sheets as a component of accumulated other comprehensive income (loss).