v3.3.1.900

GOODWILL (TABLES) | 12 Months Ended
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Dec. 31, 2015
GOODWILL |
Summary of changes in the carrying amount of goodwill by segment |
(US$ in millions) |  | Agribusiness |  | Edible Oil Products |  | Milling Products |  | Sugar and Bioenergy |  | Fertilizer |  | Total |
Goodwill |  | $ | 174 |  | $ | 99 |  | $ | 120 |  | $ | 514 |  | $ | 2 |  | $ | 909 |
Accumulated impairment losses |  |  | — |  |  | — |  |  | (3 | ) |  | (514 | ) |  | — |  |  | (517 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, December 31, 2013, net |  |  | 174 |  |  | 99 |  |  | 117 |  |  | — |  |  | 2 |  |  | 392 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill acquired(1) |  |  | — |  |  | — |  |  | 6 |  |  | — |  |  | — |  |  | 6 |
Impairment |  |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (2 | )
Tax benefit on goodwill amortization(2) |  |  | (5 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (5 | )
Foreign exchange translation |  |  | (14 | ) |  | (13 | ) |  | (15 | ) |  | — |  |  | — |  |  | (42 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill, gross of impairments |  |  | 155 |  |  | 86 |  |  | 111 |  |  | 514 |  |  | 2 |  |  | 868 |
Accumulated impairment losses |  |  | (2 | ) |  | — |  |  | (3 | ) |  | (514 | ) |  | — |  |  | (519 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, December 31, 2014, net |  |  | 153 |  |  | 86 |  |  | 108 |  |  | — |  |  | 2 |  |  | 349 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill acquired(1) |  |  | 2 |  |  | 6 |  |  | 141 |  |  | — |  |  | — |  |  | 149 |
Impairment(3) |  |  | — |  |  | (13 | ) |  | — |  |  | — |  |  | — |  |  | (13 | )
Tax benefit on goodwill amortization(2) |  |  | (3 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (3 | )
Foreign exchange translation |  |  | (31 | ) |  | (14 | ) |  | (18 | ) |  | — |  |  | (1 | ) |  | (64 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill, gross of impairments |  |  | 123 |  |  | 78 |  |  | 234 |  |  | 514 |  |  | 1 |  |  | 950 |
Accumulated impairment losses |  |  | (2 | ) |  | (13 | ) |  | (3 | ) |  | (514 | ) |  | — |  |  | (532 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, December 31, 2015, net |  | $ | 121 |  | $ | 65 |  | $ | 231 |  | $ | — |  | $ | 1 |  | $ | 418 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) | See Note 2.
(2) | Bunge's Brazilian subsidiary's tax deductible goodwill is in excess of its book goodwill. For financial reporting purposes for goodwill acquired prior to 2009, the tax benefits attributable to the excess tax goodwill are first used to reduce associated goodwill and then other intangible assets to zero, prior to recognizing any income tax benefit in the consolidated statements of income.
(3) | Goodwill impairment charge of $13 million represents all of the goodwill of the Brazilian tomato products business, recorded in the fourth quarter of 2015 upon completion of our annual impairment analysis. This analysis was performed using discounted cash flow projections (the income approach) to determine the fair value of the business unit. The income approach estimates fair value by discounting the business unit's estimated future cash flows using a discount rate that reflects current market conditions and the risk profile of the business and includes, among other things, making assumptions about variables such as our product pricing, future profitability and future capital expenditures that might be used by a market participant. All of these assumptions are subject to a high degree of judgment. Compared to 2014 there was a significant decline in the estimated fair value of the business unit primarily due to a decline in profitability. Based on a detailed review of the results of the impairment analysis, it was determined that impairment may exist and further analysis was performed to evaluate the fair value of the assets and liabilities of the business unit as of the October 1, 2015 testing date. Upon completion of the analysis, 100% of the goodwill was determined to be impaired and a related charge was recorded within the Edible Oils Segment. This non-cash charge does not have any impact on current or future cash flows or the performance of the underlying business.

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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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