v3.3.1.900
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.