SEGMENT INFORMATION (TABLES)
|
12 Months Ended |
Dec. 31, 2015 |
| SEGMENT INFORMATION |
|
| Operating Segment Information |
|
(US$ in millions)
|
|
Agribusiness
|
|
Edible Oil Products
|
|
Milling Products
|
|
Sugar and Bioenergy
|
|
Fertilizer
|
|
Discontinued Operations & Unallocated
|
|
Total
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales to external customers
|
|
$
|
31,267
|
|
$
|
6,698
|
|
$
|
1,609
|
|
$
|
3,495
|
|
$
|
386
|
|
$
|
—
|
|
$
|
43,455
|
|
|
Inter-segment revenues
|
|
|
3,499
|
|
|
178
|
|
|
37
|
|
|
12
|
|
|
—
|
|
|
(3,726
|
)
|
|
—
|
|
|
Gross profit
|
|
|
1,858
|
|
|
404
|
|
|
237
|
|
|
164
|
|
|
30
|
|
|
—
|
|
|
2,693
|
|
|
Foreign exchange gains (losses)
|
|
|
67
|
|
|
—
|
|
|
(8
|
)
|
|
(68
|
)
|
|
1
|
|
|
—
|
|
|
(8
|
)
|
|
Noncontrolling interests(1)
|
|
|
(9
|
)
|
|
(8
|
)
|
|
—
|
|
|
—
|
|
|
(1
|
)
|
|
19
|
|
|
1
|
|
|
Other income (expense)—net
|
|
|
(3
|
)
|
|
4
|
|
|
(3
|
)
|
|
(15
|
)
|
|
(1
|
)
|
|
—
|
|
|
(18
|
)
|
|
Segment EBIT(3)
|
|
|
1,108
|
|
|
59
|
|
|
103
|
|
|
(27
|
)
|
|
5
|
|
|
—
|
|
|
1,248
|
|
|
Discontinued operations(2)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
35
|
|
|
35
|
|
|
Depreciation, depletion and amortization
|
|
|
(234
|
)
|
|
(90
|
)
|
|
(46
|
)
|
|
(160
|
)
|
|
(15
|
)
|
|
—
|
|
|
(545
|
)
|
|
Investments in affiliates
|
|
|
249
|
|
|
—
|
|
|
—
|
|
|
80
|
|
|
—
|
|
|
—
|
|
|
329
|
|
|
Total assets
|
|
|
11,840
|
|
|
1,963
|
|
|
1,343
|
|
|
2,318
|
|
|
299
|
|
|
159
|
|
|
17,922
|
|
|
Capital expenditures
|
|
|
359
|
|
|
63
|
|
|
60
|
|
|
125
|
|
|
17
|
|
|
25
|
|
|
649
|
|
|
2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales to external customers
|
|
$
|
42,109
|
|
$
|
7,972
|
|
$
|
2,064
|
|
$
|
4,542
|
|
$
|
474
|
|
$
|
—
|
|
$
|
57,161
|
|
|
Inter-segment revenues
|
|
|
3,510
|
|
|
161
|
|
|
88
|
|
|
—
|
|
|
—
|
|
|
(3,759
|
)
|
|
—
|
|
|
Gross profit
|
|
|
1,742
|
|
|
548
|
|
|
311
|
|
|
(41
|
)
|
|
61
|
|
|
—
|
|
|
2,621
|
|
|
Foreign exchange gains (losses)
|
|
|
39
|
|
|
(4
|
)
|
|
(8
|
)
|
|
19
|
|
|
1
|
|
|
—
|
|
|
47
|
|
|
Noncontrolling interests(1)
|
|
|
(23
|
)
|
|
(9
|
)
|
|
—
|
|
|
(1
|
)
|
|
(5
|
)
|
|
36
|
|
|
(2
|
)
|
|
Other income (expense)—net
|
|
|
8
|
|
|
5
|
|
|
(4
|
)
|
|
10
|
|
|
(2
|
)
|
|
—
|
|
|
17
|
|
|
Segment EBIT
|
|
|
890
|
|
|
58
|
|
|
131
|
|
|
(168
|
)
|
|
45
|
|
|
—
|
|
|
956
|
|
|
Discontinued operations(2)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
32
|
|
|
32
|
|
|
Depreciation, depletion and amortization
|
|
|
(240
|
)
|
|
(96
|
)
|
|
(47
|
)
|
|
(208
|
)
|
|
(16
|
)
|
|
—
|
|
|
(607
|
)
|
|
Investments in affiliates
|
|
|
178
|
|
|
—
|
|
|
—
|
|
|
116
|
|
|
—
|
|
|
—
|
|
|
294
|
|
|
Total assets
|
|
|
14,275
|
|
|
2,235
|
|
|
1,174
|
|
|
3,143
|
|
|
356
|
|
|
249
|
|
|
21,432
|
|
|
Capital expenditures
|
|
|
411
|
|
|
95
|
|
|
103
|
|
|
193
|
|
|
16
|
|
|
21
|
|
|
839
|
|
|
2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales to external customers
|
|
$
|
45,507
|
|
$
|
9,165
|
|
$
|
2,012
|
|
$
|
4,215
|
|
$
|
448
|
|
$
|
—
|
|
$
|
61,347
|
|
|
Inter-segment revenues
|
|
|
4,978
|
|
|
138
|
|
|
9
|
|
|
61
|
|
|
3
|
|
|
(5,189
|
)
|
|
—
|
|
|
Gross profit
|
|
|
1,797
|
|
|
540
|
|
|
262
|
|
|
92
|
|
|
69
|
|
|
—
|
|
|
2,760
|
|
|
Foreign exchange gains (losses)
|
|
|
41
|
|
|
5
|
|
|
(1
|
)
|
|
3
|
|
|
5
|
|
|
—
|
|
|
53
|
|
|
Noncontrolling interests(1)
|
|
|
31
|
|
|
(7
|
)
|
|
—
|
|
|
9
|
|
|
(5
|
)
|
|
71
|
|
|
99
|
|
|
Other income (expense)—net
|
|
|
(2
|
)
|
|
10
|
|
|
2
|
|
|
—
|
|
|
34
|
|
|
—
|
|
|
44
|
|
|
Segment EBIT
|
|
|
1,032
|
|
|
163
|
|
|
125
|
|
|
(60
|
)
|
|
69
|
|
|
—
|
|
|
1,329
|
|
|
Discontinued operations(2)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
97
|
|
|
97
|
|
|
Depreciation, depletion and amortization
|
|
|
(240
|
)
|
|
(99
|
)
|
|
(28
|
)
|
|
(184
|
)
|
|
(17
|
)
|
|
—
|
|
|
(568
|
)
|
|
Investments in affiliates
|
|
|
185
|
|
|
—
|
|
|
—
|
|
|
56
|
|
|
—
|
|
|
—
|
|
|
241
|
|
|
Total assets
|
|
|
18,898
|
|
|
2,420
|
|
|
1,242
|
|
|
3,512
|
|
|
353
|
|
|
356
|
|
|
26,781
|
|
|
Capital expenditures
|
|
|
395
|
|
|
146
|
|
|
56
|
|
|
346
|
|
|
23
|
|
|
76
|
|
|
1,042
|
|
|
|
|
|
(1)
|
Includes the noncontrolling interests' share of interest and tax to reconcile to consolidated noncontrolling interests.
|
|
(2)
|
Represents net income (loss) from discontinued operations.
|
|
(3)
|
In addition, Bunge recorded pre-tax impairment charges of $57 million, of which $15 million, $14 million and $13 million are included in cost of goods sold, selling, general and administrative expenses and goodwill impairment, respectively primarily related to the announced closure of an oil packaging plant in the United States, the impairment of an equity method investment in a freight shipping company in Europe, and a pre-tax goodwill impairment charge related to the tomato products business in Brazil. Of these pre-tax impairment charges, $14 million was allocated to the Agribusiness segment and $28 million was allocated to the Edible Oil segment.
|
|
| Reconciliation of total segment earnings before interest and tax to net income attributable to Bunge |
|
|
|
Year Ended December 31,
|
|
|
(US$ in millions)
|
|
2015
|
|
2014
|
|
2013
|
|
|
Total segment EBIT from continuing operations
|
|
$
|
1,248
|
|
$
|
956
|
|
$
|
1,329
|
|
|
Interest income
|
|
|
43
|
|
|
87
|
|
|
76
|
|
|
Interest expense
|
|
|
(258
|
)
|
|
(347
|
)
|
|
(363
|
)
|
|
Income tax (expense) benefit
|
|
|
(296
|
)
|
|
(249
|
)
|
|
(904
|
)
|
|
Income (loss) from discontinued operations, net of tax
|
|
|
35
|
|
|
32
|
|
|
97
|
|
|
Noncontrolling interests' share of interest and tax
|
|
|
19
|
|
|
36
|
|
|
71
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Bunge
|
|
$
|
791
|
|
$
|
515
|
|
$
|
306
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net sales by product group to external customers |
|
|
|
Year Ended December 31,
|
|
|
(US$ in millions)
|
|
2015
|
|
2014
|
|
2013
|
|
|
Agricultural Commodity Products
|
|
$
|
31,267
|
|
$
|
42,109
|
|
$
|
45,507
|
|
|
Edible Oil Products
|
|
|
6,698
|
|
|
7,972
|
|
|
9,165
|
|
|
Wheat Milling Products
|
|
|
1,054
|
|
|
1,462
|
|
|
1,226
|
|
|
Corn Milling Products
|
|
|
555
|
|
|
602
|
|
|
786
|
|
|
Sugar and Bioenergy Products
|
|
|
3,495
|
|
|
4,542
|
|
|
4,215
|
|
|
Fertilizer Products
|
|
|
386
|
|
|
474
|
|
|
448
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
43,455
|
|
$
|
57,161
|
|
$
|
61,347
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Geographic area information for net sales to external customers, determined based on the location of the subsidiary making the sale, and long-lived assets |
|
|
|
Year Ended December 31,
|
|
|
(US$ in millions)
|
|
2015
|
|
2014
|
|
2013
|
|
|
Net sales to external customers:
|
|
|
|
|
|
|
|
|
|
|
|
Europe
|
|
$
|
14,346
|
|
$
|
18,234
|
|
$
|
19,821
|
|
|
United States
|
|
|
10,256
|
|
|
12,199
|
|
|
12,764
|
|
|
Brazil
|
|
|
6,117
|
|
|
10,422
|
|
|
9,679
|
|
|
Asia-Pacific
|
|
|
8,680
|
|
|
10,932
|
|
|
12,516
|
|
|
Argentina
|
|
|
1,490
|
|
|
1,857
|
|
|
2,609
|
|
|
Canada
|
|
|
1,245
|
|
|
1,784
|
|
|
2,220
|
|
|
Rest of world
|
|
|
1,321
|
|
|
1,733
|
|
|
1,738
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
43,455
|
|
$
|
57,161
|
|
$
|
61,347
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
|
(US$ in millions)
|
|
2015
|
|
2014
|
|
2013
|
|
|
Long-lived assets(1):
|
|
|
|
|
|
|
|
|
|
|
|
Europe
|
|
$
|
1,074
|
|
$
|
1,181
|
|
$
|
1,301
|
|
|
United States
|
|
|
1,130
|
|
|
1,022
|
|
|
965
|
|
|
Brazil
|
|
|
2,086
|
|
|
2,711
|
|
|
3,145
|
|
|
Asia-Pacific
|
|
|
558
|
|
|
572
|
|
|
565
|
|
|
Argentina
|
|
|
204
|
|
|
257
|
|
|
248
|
|
|
Canada
|
|
|
400
|
|
|
347
|
|
|
316
|
|
|
Rest of world
|
|
|
377
|
|
|
480
|
|
|
540
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
5,829
|
|
$
|
6,570
|
|
$
|
7,080
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)Long-lived assets include property, plant and equipment, net, goodwill and other intangible assets, net, investments in affiliates and non-current assets held for sale.
|