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EMPLOYEE BENEFIT PLANS
 3 Months Ended
Mar. 31, 2012
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

 

 

15.          EMPLOYEE BENEFIT PLANS

 

 

 

U.S. Pension Benefits

 

Foreign Pension Benefits

 

 

 

Three Months Ended

 

Three Months Ended

 

 

 

March 31,

 

March 31,

 

(US$ in millions)

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

4

 

$

4

 

$

1

 

$

2

 

Interest cost

 

6

 

6

 

1

 

2

 

Expected return on plan assets

 

(6

)

(6

)

(1

)

(2

)

Amortization of net loss (gain)

 

3

 

1

 

—

 

—

 

Net periodic benefit cost

 

$

7

 

$

5

 

$

1

 

$

2

 

 

 

 

U.S. Postretirement

 

Foreign Postretirement

 

 

 

Healthcare Benefits

 

Healthcare Benefits

 

 

 

Three Months Ended

 

Three Months Ended

 

 

 

March 31,

 

March 31,

 

(US$ in millions)

 

2012

 

2011

 

2012

 

2011

 

Interest cost

 

$

—

 

$

—

 

$

2

 

$

3

 

Amortization of net loss (gain)

 

—

 

—

 

1

 

—

 

Net periodic benefit cost

 

$

—

 

$

—

 

$

3

 

$

3

 

 

In the three months ended March 31, 2012, Bunge made contributions of $3 million and $4 million to its U.S. and foreign defined benefit pension plans, respectively.  In the three months ended March 31, 2011, Bunge made contributions totaling $1 million and $4 million to its U.S. and foreign defined benefit pension plans, respectively.

 

In the three months ended March 31, 2012, Bunge made no contributions to its U.S. postretirement plans and made $3 million of contributions to its foreign postretirement benefit plans. In the three months ended March 31, 2011, Bunge made contributions totaling $1 million and $5 million to its U.S. and to its foreign postretirement benefit plans, respectively.