v2.4.0.6

IMPAIRMENT AND RESTRUCTURING CHARGES

9 Months Ended

Sep. 30, 2012

IMPAIRMENT AND RESTRUCTURING CHARGES

IMPAIRMENT AND RESTRUCTURING CHARGES

7. IMPAIRMENT AND RESTRUCTURING CHARGES

Impairment — In the third quarter of 2012, Bunge recorded pretax non-cash impairment charges of $29 million and $10 million in selling, general and administrative expenses and other income (expense)-net, respectively, in its condensed consolidated statements of income, which was allocated to its sugar and bioenergy segment, relating to the write down of an equity investment in and an affiliate loan to a North American corn ethanol joint venture.  Declining results of operations at this joint venture’s only facility led to the announced suspension of operations in the venture.

Restructuring — In the three and nine months ended September 30, 2012, Bunge recorded no significant restructuring charges.

The following table summarizes assets measured at fair value on a nonrecurring basis subsequent to initial recognition. For additional information on Level 1, 2 and 3 inputs (see Note 12).

														Impairment Losses
		Three Months Ended			Fair Value Measurements Using									Three Months Ended
(US$ in millions)		September 30, 2012			Level 1			Level 2			Level 3			September 30, 2012
Affiliate loans		$	9		$	—		$	—		$	9		$	(29	)
Investment in affiliates		$	—		$	—		$	—		$	—		$	(10	)

														Impairment Losses
		Nine Months Ended			Fair Value Measurements Using									Nine Months Ended
(US$ in millions)		September 30, 2012			Level 1			Level 2			Level 3			September 30, 2012
Affiliate loans		$	9		$	—		$	—		$	9		$	(29	)
Investment in affiliates		$	—		$	—		$	—		$	—		$	(10	)

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The entire disclosure for aggregate costs incurred during the period for restructuring, remediation, implementation, integration and asset impairment activities. Description of restructuring activities such as exit and disposal activities, could include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. This would also include disclosure of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

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