v2.4.0.6

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2012

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

Schedule of assets and liabilities accounted for at fair value on a recurring basis

		Fair Value Measurements at Reporting Date
		March 31, 2012												December 31, 2011
(US$ in millions)		Level 1			Level 2			Level 3			Total			Level 1			Level 2			Level 3			Total
Assets:
Readily marketable inventories (Note 4)		$	—		$	3,945		$	677		$	4,622		$	—		$	3,736		$	283		$	4,019
Unrealized gain on designated derivative contracts (1):
Foreign exchange		—			2			—			2			—			13			—			13
Unrealized gain on undesignated derivative contracts (1):
Foreign exchange		—			234			1			235			—			451			1			452
Commodities		85			687			164			936			75			586			125			786
Freight		10			—			1			11			5			—			1			6
Energy		7			7			2			16			11			13			2			26
Deferred purchase price receivable (Note 13)		—			200			—			200			—			192			—			192
Other (2)		258			142			—			400			146			34			—			180
Total assets		$	360		$	5,217		$	845		$	6,422		$	237		$	5,025		$	412		$	5,674
Liabilities:
Unrealized loss on designated derivative contracts (3):
Foreign exchange		$	—		$	18		$	—		$	18		$	—		$	45		$	—		$	45
Unrealized loss on undesignated derivative contracts (3):
Interest rate		—			1			—			1			—			2			—			2
Foreign exchange		—			387			—			387			—			617			—			617
Commodities		203			570			92			865			147			417			116			680
Freight		2			—			—			2			1			—			—			1
Energy		7			1			14			22			4			6			15			25
Total liabilities		$	212		$	977		$	106		$	1,295		$	152		$	1,087		$	131		$	1,370

(1) Unrealized gains on designated and undesignated derivative contracts are generally included in other current assets.  There are no such amounts included in other non-current assets at March 31, 2012 and December 31, 2011.

(2) Other assets include primarily the fair values of U.S. Treasury securities held as margin deposits and other marketable securities.

(3) Unrealized losses on designated and undesignated derivative contracts are generally included in other current liabilities.  There are no such amounts included in other non-current liabilities at March 31, 2012 and December 31, 2011.

Reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

		Level 3 Instruments:
		Fair Value Measurements
					Readily
		Derivatives,			Marketable
(US$ in millions)		Net (1)			Inventories			Total
Balance, January 1, 2012		$	(2	)	$	283		$	281
Total gains and (losses) (realized/unrealized) included in costs of goods sold		75			40			115
Total gains and (losses) (realized/unrealized) included in foreign exchange gains (losses)		—			—			—
Purchases		2			765			767
Sales		—			(526		)	(526		)
Issuances		(1		)	—			(1		)
Settlements		17			—			17
Transfers into Level 3		(14		)	180			166
Transfers out of Level 3		(15		)	(65		)	(80		)
Balance, March 31, 2012		$	62		$	677		$	739

(1) Derivatives, net include Level 3 derivative assets and liabilities.

		Level 3 Instruments:
		Fair Value Measurements
					Readily
		Derivatives,			Marketable
(US$ in millions)		Net (1)			Inventories			Total
Balance, January 1, 2011		$	307		$	264		$	571
Total gains and (losses) (realized/unrealized) included in cost of goods sold		(42		)	(38		)	(80		)
Total gains and (losses) (realized/unrealized) included in foreign exchange gains (losses)		1			—			1
Purchases		36			872			908
Sales		—			(400		)	(400		)
Issuances		(26		)	—			(26		)
Settlements		(51		)	—			(51		)
Transfers into Level 3		5			117			122
Transfers out of Level 3		7			(19		)	(12		)
Balance, March 31, 2011		$	237		$	796		$	1,033

(1)     Derivatives, net include Level 3 derivative assets and liabilities.

Summary of changes in unrealized gains or losses recorded in earnings for Level 3 assets and liabilities

		Level 3 Instruments:
		Fair Value Measurements
					Readily
		Derivatives,			Marketable
(US$ in millions)		Net (1)			Inventories			Total
Changes in unrealized gains and (losses) relating to assets and liabilities held at March 31, 2012
Cost of goods sold		$	83		$	568		$	651
Foreign exchange gains (losses)		$	—		$	—		$	—
Changes in unrealized gains and (losses) relating to assets and liabilities held at March 31, 2011
Cost of goods sold		$	(38	)	$	695		$	657
Foreign exchange gains (losses)		$	1		$	—		$	1

(1) Derivatives, net include Level 3 derivative assets and liabilities.

Derivative Instruments

Summary of effect of derivative instruments that are undesignated derivative instruments on consolidated statements of income

		Gain or (Loss) Recognized in Income on Derivative Instruments
				March 31,
				2012			2011
Interest Rate		Interest income/Interest expense		$	—		$	4
Foreign Exchange		Foreign exchange gains (losses)		(7		)	(4		)
Foreign Exchange		Cost of goods sold		17			(10		)
Commodities		Cost of goods sold		(193		)	(133		)
Freight		Cost of goods sold		15			32
Energy		Cost of goods sold		(8		)	8
Total				$	(176	)	$	(103	)

Summary of effect of derivative instruments designated as cash flow and net investment hedges on consolidated statements of income

March 31, 2012

Amount of Gain (Loss)

Recognized in Income on

Gain or

Gain or (Loss)

Derivatives (Ineffective

(Loss)

Reclassified from

Portion and Amount

Recognized in

Accumulated OCI into

Excluded from

Notional

Accumulated

Income (1)

Effectiveness Testing)

(US$ in millions)

Amount

OCI (1)

Location

Amount

Location

Amount (2)

Cash Flow Hedge:

Foreign Exchange (3)

$

519

$

9

Foreign exchange gains (losses)

$

(1

)

Foreign exchange gains (losses)

$

—

Total

$

519

$

9

$

(1

)

$

—

(1) The gain or (loss) recognized relates to the effective portion of the hedging relationship.  At March 31, 2012, Bunge expects to reclassify into income in the next 12 months $9 million after tax losses related to its foreign exchange cash flow hedges. As of March 31, 2012, there were no designated commodities cash flow hedges.

(2) There was no gain or loss recognized in income relating to the ineffective portion of the hedging relationships or relating to amounts excluded from the assessment of hedge effectiveness.

(3) The foreign exchange contracts mature at various dates in 2012.

The table below summarizes the effect of derivative instruments that are designated and qualify as cash flow and net investment hedges on the condensed consolidated statement of income for the three months ended March 31, 2011.

March 31, 2011

Amount of Gain (Loss)

Recognized in Income on

Gain or

Gain or (Loss)

Derivative (Ineffective

(Loss)

Reclassified from

Portion and Amount

Recognized in

Accumulated OCI into

Excluded from

Notional

Accumulated

Income (1)

Effectiveness Testing)

(US$ in millions)

Amount

OCI (1)

Location

Amount

Location

Amount (2)

Cash Flow Hedge:

Commodities (3)

$

55

$

4

Cost of goods sold

$

—

Cost of goods sold

$

5

Total

$

55

$

4

$

—

$

5

(1) The gain or (loss) recognized relates to the effective portion of the hedging relationship.  At March 31, 2011, Bunge expected to reclassify into income in the next 12 months approximately $9 million of after tax gains related to its commodities cash flow hedges.

(2) The amount of gain recognized in income is $5 million which relates to the ineffective portion of the hedging relationships, and zero, which relates to the amount excluded from the assessment of hedge effectiveness.

(3) The changes in the market value of such futures contracts have historically been, and are expected to continue to be, highly effective at offsetting changes in price movements of the hedged items.  The commodities futures contracts mature at various dates in 2011 and 2012.

Foreign Exchange Derivatives

Derivative Instruments

Summary of outstanding derivative instruments

		March 31, 2012
		Exchange Traded			Non-Exchange Traded
		Net—(Short)									Unit of
(US$ in millions)		& Long (1)			(Short) (2)			Long (2)			Measure
Foreign Exchange
Options		$	(10	)	$	(384	)	$	82		Delta
Forwards		95			(3,823		)	12,057			Notional
Swaps		—			(109		)	27			Notional

(1) Exchange traded futures and options are presented on a net (short) and long position basis.

(2) Non-exchange traded swaps, options and forwards are presented on a gross (short) and long position basis.

Commodity Derivatives

Derivative Instruments

Summary of outstanding derivative instruments

		March 31, 2012
		Exchange Traded		Non-Exchange Traded
		Net (Short) &						Unit of
		Long (1)		(Short) (2)		Long (2)		Measure
Agricultural Commodities
Futures		(10,228,083	)	—		—		Metric Tons
Options		(2,311,199	)	(43,922	)	—		Metric Tons
Forwards		—		(25,694,308	)	30,100,817		Metric Tons
Swaps		9,525		(624,784	)	8,165		Metric Tons

(1) Exchange traded futures and options are presented on a net (short) and long position basis.

(2) Non-exchange traded swaps, options and forwards are presented on a gross (short) and long position basis.

Ocean Freight Derivatives

Derivative Instruments

Summary of outstanding derivative instruments

		March 31, 2012
		Exchange Cleared		Non-Exchange Cleared
		Net (Short) &						Unit of
		Long (1)		(Short) (2)		Long (2)		Measure
Ocean Freight
FFA		(1,089	)	—		—		Hire Days
FFA Options		(474	)	—		—		Hire Days

(1) Exchange cleared futures and options are presented on a net (short) and long position basis.

(2) Non-exchange cleared options and forwards are presented on a gross (short) and long position basis.

Energy Derivatives

Derivative Instruments

Summary of outstanding derivative instruments

		March 31, 2012
		Exchange Traded		Non-Exchange Cleared
		Net (Short) &						Unit of
		Long (1)		(Short) (2)		Long (2)		Measure(3)
Natural Gas (3)
Futures		(10,000	)	—		—		MMBtus
Swaps		70,000		—		859,101		MMBtus
Options		(187,000	)	—		—		MMBtus
Energy—Other
Futures		(124,401	)	—		—		Metric Tons
Forwards		—		(718,732	)	8,117,992		Metric Tons
Swaps		164,866		(8,861	)	—		Metric Tons
Options		(366,675	)	(31,378	)	—		Metric Tons

(1) Exchange traded and exchange cleared futures and options are presented on a net (short) and long position basis.

(2) Non-exchange cleared swaps, options and forwards are presented on a gross (short) and long position basis.

(3) Million British Thermal Units (MMBtus) are the standard unit of measurement used to denote an amount of natural gas.

X

- Definition

Tabular disclosure of the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets and liabilities) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets and liabilities) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset and liability.

+ References

No definition available.

+ Details

Name:	bg_FairValueAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	bg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	bg_FinancialInstrumentsAndFairValueMeasurementsDisclosureAbstract
Namespace Prefix:	bg_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_DerivativeLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the total amount of gains or losses for the period which are included in earnings or resulted in a change to net assets which gains or losses have arisen from the use of significant unobservable inputs (Level 3) to measure the fair value of assets and liabilities. Such gains or losses are attributable to the change in unrealized gains or losses relating to those assets and liabilities so valued which are still held at the reporting date and which change are also considered for disclosure; it may be expected that a description of where those unrealized gains or losses are reported in the statement of income or the statement of financial position would also be disclosed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph c(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1),(d)

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 815

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph (b)

-Name Accounting Standards Codification

-Paragraph 4C

-Section 50

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 205G

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5618551-113959



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44C

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1B

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5580258-113959



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 25

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41620-113959



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41641-113959



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5579245-113959



Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5579240-113959



Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(n)(2))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690



Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41678-113959



Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41638-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 820

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 1

-Section 50

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration