v3.7.0.1

INVENTORIES | 6 Months Ended
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Jun. 30, 2017
INVENTORIES |
INVENTORIES | 6. INVENTORIES Inventories by segment are presented below. Readily marketable inventory (“RMI”) are agricultural commodity inventories, such as soybeans, soybean meal, soybean oil, corn and wheat, carried at fair value because of their commodity characteristics, widely available markets and international pricing mechanisms. All other inventories are carried at lower of cost and net realizable value.
|  | June 30, |  | December 31, |
(US$ in millions) |  | 2017 |  | 2016 |
Agribusiness (1) |  | $ | 4,298 |  | $ | 3,741 |
Edible Oil Products (2) |  | 418 |  | 404 |
Milling Products |  | 190 |  | 167 |
Sugar and Bioenergy (3) |  | 455 |  | 406 |
Fertilizer |  | 93 |  | 55 |
Total |  | $ | 5,454 |  | $ | 4,773 |
| (1) |  | Includes RMI of $4,140 million and $3,593 million at June 30, 2017 and December 31, 2016, respectively. Of these amounts, $3,015 million and $2,523 million can be attributable to merchandising activities at June 30, 2017 and December 31, 2016, respectively.
| (2) |  | Includes RMI of bulk soybean and canola oil in the aggregate amount of $104 million and $123 million at June 30, 2017 and December 31, 2016, respectively.
| (3) |  | Includes sugar RMI, which can be attributable to Bunge’s trading and merchandising business of $132 million and $139 million at June 30, 2017 and December 31, 2016, respectively.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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