v2.4.0.6
EMPLOYEE BENEFIT PLANS
 6 Months Ended
Jun. 30, 2012
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

15.          EMPLOYEE BENEFIT PLANS

 

 

 

U.S.-Pension Benefits

 

Foreign-Pension Benefits

 

 

 

Three Months Ended

 

Three Months Ended

 

 

 

June 30,

 

June 30,

 

(US$ in millions)

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

5

 

$

4

 

$

3

 

$

2

 

Interest cost

 

7

 

6

 

2

 

2

 

Expected return on plan assets

 

(7

)

(6

)

(2

)

(2

)

Amortization of prior service cost

 

1

 

—

 

—

 

—

 

Amortization of net loss (gain)

 

2

 

1

 

—

 

—

 

Net periodic benefit cost

 

$

8

 

$

5

 

$

3

 

$

2

 

 

 

 

U.S.-Pension Benefits

 

Foreign-Pension Benefits

 

 

 

Six Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

(US$ in millions)

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

9

 

$

8

 

$

4

 

$

4

 

Interest cost

 

13

 

13

 

3

 

3

 

Expected return on plan assets

 

(13

)

(13

)

(3

)

(3

)

Amortization of prior service cost

 

1

 

1

 

—

 

—

 

Amortization of net loss (gain)

 

5

 

2

 

—

 

—

 

Net periodic benefit cost

 

$

15

 

$

11

 

$

4

 

$

4

 

 

 

 

U.S.-Postretirement

 

Foreign-Postretirement

 

 

 

Healthcare Benefits

 

Healthcare Benefits

 

 

 

Three Months Ended

 

Three Months Ended

 

 

 

June 30,

 

June 30,

 

(US$ in millions)

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

—

 

$

—

 

$

—

 

$

—

 

Interest cost

 

—

 

$

—

 

3

 

3

 

Amortization of prior service cost

 

—

 

—

 

(1

)

—

 

Net periodic benefit cost

 

$

—

 

$

—

 

$

2

 

$

3

 

 

 

 

U.S.-Postretirement

 

Foreign-Postretirement

 

 

 

Healthcare Benefits

 

Healthcare Benefits

 

 

 

Six Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

(US$ in millions)

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

—

 

$

—

 

$

—

 

$

1

 

Interest cost

 

—

 

1

 

5

 

5

 

Amortization of prior service cost

 

—

 

—

 

(1

)

(1

)

Amortization of net loss (gain)

 

—

 

—

 

1

 

1

 

Net periodic benefit cost

 

$

—

 

$

1

 

$

5

 

$

6

 

 

In the six months ended June 30, 2012, Bunge made contributions of $3 million and $8 million to its U.S. and foreign defined benefit pension plans, respectively.  In the six months ended June 30, 2011, Bunge made contributions of $2 million and $7 million to its U.S. and foreign defined benefit pension plans, respectively.

 

In the six months ended June 30, 2012, Bunge made contributions of less than $1 million to its U.S. postretirement plans and $6 million to its foreign postretirement benefit plans, respectively.  In the six months ended June 30, 2011, Bunge made contributions of less than $1 million to its U.S. postretirement benefit plans and $5 million to its foreign postretirement benefit plans, respectively.