v3.4.0.3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (TABLES)

3 Months Ended

Mar. 31, 2016

Derivative Instruments

Schedule of assets and liabilities accounted for at fair value on a recurring basis

		Fair Value Measurements at Reporting Date
		March 31, 2016												December 31, 2015
(US$ in millions)		Level 1			Level 2			Level 3			Total			Level 1			Level 2			Level 3			Total
Assets:
Readily marketable inventories (Note 5)		$	—		$	3,227		$	730		$	3,957		$	—		$	3,421		$	245		$	3,666
Trade accounts receivable(1)					10						10			—			6			—			6
Unrealized gain on designated derivative contracts(2):
Interest rate		—			11			—			11			—			—			—			—
Foreign exchange		1			16			—			17			—			30			—			30
Unrealized gain on undesignated derivative contracts (2):
Foreign exchange		10			441			—			451			9			176			—			185
Commodities		231			601			89			921			252			696			220			1,168
Freight		62			—						62			65			—			—			65
Energy		11			—			—			11			7			—			1			8
Deferred purchase price receivable (Note 12)		—			80			—			80			—			79			—			79
Other (3)		42			371			—			413			68			176			—			244
Total assets		$	357		$	4,757		$	819		$	5,933		$	401		$	4,584		$	466		$	5,451
Liabilities:
Trade accounts payable(1)		$	—		$	348		$	291		$	639		$	—		$	399		$	44		$	443
Unrealized loss on designated derivative contracts (4):
Interest rate		—			—			—			—			—			3			—			3
Foreign exchange		—			184			—			184			—			15			—			15
Unrealized loss on undesignated derivative contracts (4):
Interest rate		—			1			—			1			—			—			—			—
Foreign exchange		—			201			—			201			1			605			—			606
Commodities		306			381			70			757			402			304			52			758
Freight		57			—			1			58			56			—			—			56
Energy		15			3			2			20			31			—			2			33
Total liabilities		$	378		$	1,118		$	364		$	1,860		$	490		$	1,326		$	98		$	1,914

(1) Trade accounts receivable and payable are generally stated at historical amounts, net of write-offs and allowances, with the exception of $10 million and $639 million, at March 31, 2016 and $6 million and $443 million at December 31, 2015, respectively, related to certain delivered inventory for which the receivable and payable, respectively, fluctuate based on changes in commodity prices. These receivables and payables are hybrid financial instruments for which Bunge has elected the fair value option.

(2) Unrealized gains on designated and undesignated derivative contracts are generally included in other current assets. There are no such amounts included in other non-current assets at March 31, 2016 and December 31, 2015, respectively.

(3) Other includes the fair values of marketable securities and investments in other current assets and other non-current assets.

(4) Unrealized losses on designated and undesignated derivative contracts are generally included in other current liabilities. There are no such amounts included in other non-current liabilities at March 31, 2016 and December 31, 2015, respectively.

Reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

		Level 3 Instruments
		Fair Value Measurements
		Three Months Ended March 31, 2016
					Readily			Trade Accounts
		Derivatives,			Marketable			Receivable/
(US$ in millions)		Net (1)			Inventories			Payable, Net(2)			Total
Balance, January 1, 2016		$	167		$	245		$	(44	)	$	368
Total gains and (losses), realized/unrealized included in cost of goods sold		(85		)	11			5			(69		)
Purchases		—			537			(195		)	342
Sales		—			(248		)	—			(248		)
Issuances		—			—						—
Settlements		(66		)	—			—			(66		)
Transfers into Level 3					192			(57		)	135
Transfers out of Level 3					(7		)				(7		)
Balance, March 31, 2016		$	16		$	730		$	(291	)	$	455

(1) Derivatives, net include Level 3 derivative assets and liabilities.

(2) Trade Accounts Receivable and Trade Accounts Payable, net, include Level 3 inventory related receivables and payables.

		Level 3 Instruments
		Fair Value Measurements
		Three Months Ended March 31, 2015
					Readily			Trade  Accounts
		Derivatives,			Marketable			Receivable/
(US$ in millions)		Net (1)			Inventories			Payable, Net (2)			Total
Balance, January 1, 2015		$	(2	)	$	255		$	(33	)	$	220
Total gains and (losses), realized/unrealized included in cost of goods sold		92			20			—			112
Purchases		—			482			(1		)	481
Sales		—			(310		)	—			(310		)
Issuances		—			—			(285		)	(285		)
Settlements		(18		)	—			—			(18		)
Transfers into Level 3		1			316			(171		)	146
Transfers out of Level 3		6			(88		)	1			(81		)
Balance, March 31, 2015		$	79		$	675		$	(489	)	$	265

(1) Derivatives, net include Level 3 derivative assets and liabilities.

(2) Trade Accounts Receivable and Trade Accounts Payable, net, include Level 3 inventory related receivables and payables.

Summary of changes in unrealized gains or (losses) recorded in earnings for Level 3 assets and liabilities

		Level 3 Instruments
		Fair Value Measurements
		Three Months Ended
					Readily			Trade Accounts
		Derivatives,			Marketable			Receivable and
(US$ in millions)		Net (1)			Inventories			Payable, Net(2)			Total
Changes in unrealized gains and (losses) relating to assets and liabilities held at March 31, 2016
Cost of goods sold		$	(79	)	$	(24	)	$	1		$	(102	)
Changes in unrealized gains and (losses) relating to assets and liabilities held at March 31, 2015
Cost of goods sold		$	21		$	(20	)	$	—		$	1

(1) Derivatives, net include Level 3 derivative assets and liabilities.

(2) Trade Accounts Receivable and Trade Accounts Payable, net, include Level 3 inventory related receivables and payables.

Summary of effect of derivative instruments designated as fair value hedges and undesignated derivative instruments on condensed consolidated statements of income

				Gain or (Loss) Recognized in
				Income on Derivative Instruments
				Three Months Ended March 31,
(US$ in millions)		Location		2016			2015
Undesignated Derivative Contracts:
Foreign Exchange		Foreign exchange gains (losses)		$	147		$	(262	)
Foreign Exchange		Cost of goods sold		242			(85		)
Commodities		Cost of goods sold		(230		)	327
Freight		Cost of goods sold		(6		)	1
Energy		Cost of goods sold		(1		)	(1		)
Total				$	152		$	(20	)

Summary of effect of derivative instruments designated as cash flow and net investment hedges

		Three Months Ended March 31, 2016
					Gain or			Gain or (Loss)
					(Loss)			Reclassified from
					Recognized in			Accumulated OCI into					Gain or (Loss) Recognized
		Notional			Accumulated			Income (1)					in Income on Derivatives
(US$ in millions)		Amount			OCI (1)			Location		Amount			Location		Amount (2)
Cash Flow Hedge:
Foreign Exchange (3)		$	145		$	16		Foreign exchange gains (losses)		$	(6	)	Foreign exchange gains (losses)		$	—
Total		$	145		$	16				$	(6	)			$	—
Net Investment Hedge:
Foreign Exchange (3)		$	1,878		$	(200	)	Foreign exchange gains (losses)		$	—		Foreign exchange gains (losses)		$	—
Total		$	1,878		$	(200	)			$	—				$	—

(1) The gain (loss) recognized relates to the effective portion of the hedging relationship.  At March 31, 2016, Bunge expects to reclassify into income in the next 12 months approximately $16 million of after-tax gain (loss) related to its foreign exchange cash flow hedges and zero for net investment hedges.

(2) There was no gain or loss recognized in income relating to the ineffective portion of the hedging relationships or relating to amounts excluded from the assessment of hedge effectiveness.

(3) The foreign exchange contracts mature at various dates through November 2020.

		Three Months Ended March 31, 2015
					Gain or			Gain or (Loss)
					(Loss)			Reclassified from
					Recognized in		Accumulated OCI into						Gain or (Loss) Recognized
		Notional			Accumulated			Income (1)					in Income on Derivatives
(US$ in millions)		Amount			OCI (1)			Location		Amount			Location		Amount (2)
Cash Flow Hedge:
Foreign Exchange (3)		$	329		$	(53	)	Foreign exchange gains (losses)		$	(13	)	Foreign exchange gains (losses)		$	—
Total		$	329		$	(53	)			$	(13	)			$	—
Net Investment Hedge:
Foreign Exchange (3)		$	1,249		$	95		Foreign exchange gains (losses)		$	—		Foreign exchange gains (losses)		$	—
Total		$	1,249		$	95				$	—				$	—

(1) The gain or (loss) recognized relates to the effective portion of the hedging relationship.  At March 31, 2015, Bunge expected to reclassify into income in the next 12 months approximately $(53) million of after-tax gains (losses) related to its foreign exchange cash flow hedges.

(2) There was no gain or loss recognized in income relating to the ineffective portion of the hedging relationships or to amounts excluded from the assessment of hedge effectiveness.

(3) The foreign exchange contracts matured at various dates in 2015 and 2016.

Interest rate.

Derivative Instruments

Summary of outstanding derivative instruments

		March 31, 2016
		Notional Amount of			Notional Amount
(US$ in millions)		Hedged Obligation			Derivative (3)
Interest rate swap agreements		$	500		$	500
Weighted average rate payable - 3 month LIBOR plus 1.91% (1)
Weighted average rate receivable - 3.5% (2)

(1) Interest is payable in arrears semi-annually based on three-month U.S. dollar LIBOR plus 1.91%.

(2) Interest is receivable in arrears based on a fixed interest rate of 3.5%.

(3) The interest rate swap agreements mature in 2020.

Foreign Exchange

Derivative Instruments

Summary of outstanding derivative instruments

		March 31, 2016
		Exchange Traded
		Net (Short)			Non-exchange Traded						Unit of
(US$ in millions)		& Long (1)			(Short) (2)			Long (2)			Measure
Foreign Exchange
Options		$	—		$	(222	)	$	234		Delta
Forwards		—			(7,791		)	3,534			Notional
Futures		284			—			—			Notional
Swaps		—			(697		)	91			Notional

(1) Exchange traded derivatives are presented on a net (short) and long position basis.

(2) Non-exchange traded derivatives are presented on a gross (short) and long position basis.

Commodities

Derivative Instruments

Summary of outstanding derivative instruments

		March 31, 2016
		Exchange Traded
		Net (Short) &		Non-exchange Traded				Unit of
		Long (1)		(Short) (2)		Long (2)		Measure
Agricultural Commodities
Futures		(818,387	)	—		—		Metric Tons
Options		(20,920	)	(8,899	)	—		Metric Tons
Forwards		—		(29,644,774	)	23,948,974		Metric Tons
Swaps		—		(5,564,218	)	1,755,394		Metric Tons

(1) Exchange traded derivatives are presented on a net (short) and long position basis.

(2) Non-exchange traded derivatives are presented on a gross (short) and long position basis.

Freight

Derivative Instruments

Summary of outstanding derivative instruments

		March 31, 2016
		Exchange Cleared
		Net (Short) &		Non-exchange Cleared				Unit of
		Long (1)		(Short) (2)		Long (2)		Measure
Ocean Freight
FFA		3,040		—		—		Hire Days
FFA Options		(282	)	—		—		Hire Days

(1) Exchange cleared derivatives are presented on a net (short) and long position basis.

(2) Non-exchange cleared derivatives are presented on a gross (short) and long position basis.

Energy

Derivative Instruments

Summary of outstanding derivative instruments

		March 31, 2016
		Exchange Traded
		Net (Short) &		Non-exchange Cleared				Unit of
		Long (1)		(Short) (2)		Long (2)		Measure (3)
Natural Gas (3)
Futures		11,981,693		—		—		MMBtus
Swaps		—		—		6,874,101		MMBtus
Options		—		—		—		MMBtus
Energy—Other
Futures		(15,012	)	—		—		Metric Tons
Forwards		—		—		7,108,552		Metric Tons
Swaps		244,100		—		—		Metric Tons
Options		—		—		—		Metric Tons

(1) Exchange traded and cleared derivatives are presented on a net (short) and long position basis.

(2) Non-exchange cleared derivatives are presented on a gross (short) and long position basis.

(3) Million British Thermal Units (MMBtus) is the standard unit of measurement used to denote an amount of natural gas.

X

- Definition

Tabular disclosure of the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets and liabilities) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets and liabilities) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset and liability.

+ References

No definition available.

+ Details

Name:	bg_FairValueAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	bg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1),(d)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579245-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579240-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41620-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_DerivativeByNatureAxis=us-gaap_InterestRateContractMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeByNatureAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeByNatureAxis=us-gaap_CommodityContractMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeByNatureAxis=bg_OceanFreightDerivativesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeByNatureAxis=bg_EnergyDerivativesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: