| Operating Segment Information |
(US$ in millions)
|
|
|
|
|
|
|
Edible |
|
|
|
|
|
Discontinued |
|
|
|
|
Three Months Ended |
|
|
|
Sugar and |
|
Oil |
|
Milling |
|
|
|
Operations & |
|
|
|
|
June 30, 2013 |
|
Agribusiness |
|
Bioenergy |
|
Products |
|
Products |
|
Fertilizer |
|
Unallocated (1) |
|
Total |
|
|
Net sales to external customers |
|
$ |
11,566 |
|
$ |
939 |
|
$ |
2,376 |
|
$ |
509 |
|
$ |
101 |
|
$ |
— |
|
$ |
15,491 |
|
|
Inter-segment revenues |
|
1,238 |
|
— |
|
39 |
|
9 |
|
27 |
|
(1,313 |
) |
— |
|
|
Gross profit |
|
370 |
|
34 |
|
137 |
|
61 |
|
14 |
|
— |
|
616 |
|
|
Foreign exchange gains (losses) |
|
(2 |
) |
(4 |
) |
— |
|
— |
|
3 |
|
— |
|
(3 |
) |
|
Noncontrolling interests (1) |
|
4 |
|
3 |
|
— |
|
— |
|
(1 |
) |
8 |
|
14 |
|
|
Other income (expense) — net |
|
(1 |
) |
3 |
|
— |
|
(1 |
) |
(2 |
) |
— |
|
(1 |
) |
|
Segment EBIT (2) |
|
170 |
|
(3 |
) |
34 |
|
29 |
|
9 |
|
— |
|
239 |
|
|
Discontinued operations (3) |
|
— |
|
— |
|
— |
|
— |
|
— |
|
1 |
|
1 |
|
|
Depreciation, depletion and amortization |
|
(58 |
) |
(53 |
) |
(25 |
) |
(8 |
) |
(5 |
) |
— |
|
(149 |
) |
|
Total assets |
|
20,885 |
|
4,088 |
|
2,531 |
|
872 |
|
944 |
|
1,023 |
|
30,343 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales to external customers |
|
$ |
10,580 |
|
$ |
1,079 |
|
$ |
2,331 |
|
$ |
421 |
|
$ |
88 |
|
$ |
— |
|
$ |
14,499 |
|
|
Inter-segment revenues |
|
1,340 |
|
— |
|
33 |
|
— |
|
16 |
|
(1,389 |
) |
— |
|
|
Gross profit |
|
478 |
|
15 |
|
91 |
|
43 |
|
16 |
|
— |
|
643 |
|
|
Foreign exchange gains (losses) |
|
20 |
|
(5 |
) |
(2 |
) |
— |
|
— |
|
— |
|
13 |
|
|
Noncontrolling interest (1) |
|
5 |
|
3 |
|
1 |
|
— |
|
(1 |
) |
— |
|
8 |
|
|
Other income (expense) — net |
|
4 |
|
(4 |
) |
— |
|
(1 |
) |
(6 |
) |
— |
|
(7 |
) |
|
Gain on sale of investments in affiliates |
|
85 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
85 |
|
|
Gain on acquisition of controlling interest |
|
— |
|
— |
|
— |
|
36 |
|
— |
|
— |
|
36 |
|
|
Segment EBIT (2) |
|
386 |
|
(28 |
) |
2 |
|
44 |
|
— |
|
— |
|
404 |
|
|
Discontinued operations (3) |
|
— |
|
— |
|
— |
|
— |
|
— |
|
7 |
|
7 |
|
|
Depreciation, depletion and amortization |
|
(56 |
) |
(45 |
) |
(23 |
) |
(6 |
) |
(5 |
) |
— |
|
(135 |
) |
|
Total assets |
|
16,777 |
|
3,925 |
|
2,737 |
|
846 |
|
2,428 |
|
— |
|
26,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Edible |
|
|
|
|
|
Discontinued |
|
|
|
|
Six Months Ended |
|
|
|
Sugar and |
|
Oil |
|
Milling |
|
|
|
Operations & |
|
|
|
|
June 30, 2013 |
|
Agribusiness |
|
Bioenergy |
|
Products |
|
Products |
|
Fertilizer |
|
Unallocated (1) |
|
Total |
|
|
Net sales to external customers |
|
$ |
22,340 |
|
$ |
2,052 |
|
$ |
4,673 |
|
$ |
1,044 |
|
$ |
167 |
|
$ |
— |
|
$ |
30,276 |
|
|
Inter-segment revenues |
|
2,655 |
|
— |
|
59 |
|
9 |
|
36 |
|
(2,759 |
) |
— |
|
|
Gross profit |
|
768 |
|
91 |
|
253 |
|
124 |
|
27 |
|
— |
|
1,263 |
|
|
Foreign exchange gains (losses) |
|
(43 |
) |
(1 |
) |
(1 |
) |
— |
|
2 |
|
— |
|
(43 |
) |
|
Noncontrolling interest (1) |
|
30 |
|
4 |
|
— |
|
— |
|
(2 |
) |
14 |
|
46 |
|
|
Other income (expense) — net |
|
(4 |
) |
2 |
|
8 |
|
5 |
|
27 |
|
— |
|
38 |
|
|
Segment EBIT (2) |
|
361 |
|
20 |
|
72 |
|
65 |
|
44 |
|
— |
|
562 |
|
|
Discontinued operations (3) |
|
— |
|
— |
|
— |
|
— |
|
— |
|
(8 |
) |
(8 |
) |
|
Depreciation, depletion and amortization |
|
(118 |
) |
(79 |
) |
(49 |
) |
(15 |
) |
(9 |
) |
— |
|
(270 |
) |
|
Total assets |
|
20,885 |
|
4,088 |
|
2,531 |
|
872 |
|
944 |
|
1,023 |
|
30,343 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales to external customers |
|
$ |
19,897 |
|
$ |
1,960 |
|
$ |
4,552 |
|
$ |
848 |
|
$ |
151 |
|
$ |
— |
|
$ |
27,408 |
|
|
Inter-segment revenues |
|
2,400 |
|
— |
|
64 |
|
— |
|
34 |
|
(2,498 |
) |
— |
|
|
Gross profit |
|
830 |
|
23 |
|
204 |
|
99 |
|
24 |
|
— |
|
1,180 |
|
|
Foreign exchange gains (losses) |
|
74 |
|
— |
|
(3 |
) |
— |
|
— |
|
— |
|
71 |
|
|
Noncontrolling interest (1) |
|
3 |
|
4 |
|
1 |
|
— |
|
(1 |
) |
4 |
|
11 |
|
|
Other income (expense) — net |
|
11 |
|
(7 |
) |
2 |
|
1 |
|
(15 |
) |
— |
|
(8 |
) |
|
Gain on sale of investments in affiliates |
|
85 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
85 |
|
|
Gain on acquisition of controlling interest |
|
— |
|
— |
|
— |
|
36 |
|
— |
|
— |
|
36 |
|
|
Segment EBIT (2) |
|
583 |
|
(61 |
) |
23 |
|
71 |
|
(12 |
) |
— |
|
604 |
|
|
Discontinued operations (3) |
|
— |
|
— |
|
— |
|
— |
|
— |
|
(28 |
) |
(28 |
) |
|
Depreciation, depletion and amortization |
|
(105 |
) |
(72 |
) |
(47 |
) |
(13 |
) |
(9 |
) |
— |
|
(246 |
) |
|
Total assets |
|
16,777 |
|
3,925 |
|
2,737 |
|
846 |
|
2,428 |
|
— |
|
26,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Includes noncontrolling interests share of interest and tax to reconcile to consolidated noncontrolling interest.
(2) Total segment earnings before interest and taxes (EBIT) is an operating performance measure used by Bunge’s management to evaluate segment operating activities. Bunge’s management believes total segment EBIT is a useful measure of operating profitability, since the measure allows for an evaluation of the performance of its segments without regard to its financing methods or capital structure. In addition, EBIT is a financial measure that is widely used by analysts and investors in Bunge’s industries.
(3) Represents net income (loss) from discontinued operations (see Note 4).
|