v3.10.0.1

BUSINESS ACQUISITIONS (Tables) | 9 Months Ended
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Sep. 30, 2018
Business Combinations [Abstract] |
Summary of the estimated fair values of the assets acquired and liabilities assumed | The following table summarizes the preliminary allocation of the fair values of the assets acquired and liabilities assumed at the acquisition date, as included in Bunge's condensed consolidated balance sheet. Bunge is in the process of finalizing third-party valuations of certain acquired assets and tax items, and therefore, the measurements below are subject to change:
(US$ in millions) |
Cash and cash equivalents | $ | 82 |
Accounts receivable | 146 |
Inventories | 406 |
Other current assets | 67 |
Property, plant and equipment | 411 |
Intangible assets | 464 |
Goodwill | 243 |
Total assets | 1,819 |
Accounts payable | (108 | )
Other current liabilities | (100 | )
Deferred income taxes | (143 | )
Noncurrent liabilities | (35 | )
Total liabilities | (386 | )
Redeemable noncontrolling interest | (461 | )
Net assets acquired | $ | 972 |
Summary of intangible assets acquired | The following table provides the details of intangible assets acquired, by major class and weighted average useful life:
(US$ in millions) | Useful life |
Customer relationships | 15 years | $ | 265 |
Intellectual property | 10 years | 120 |
Trade names | 15 years | 51 |
Favorable leases | 38 years | 26 |
Other | various | 2 |
Total intangible assets |  | $ | 464 |
Summary of pro forma information | The amounts of revenue and earnings of Loders included in Bunge's condensed consolidated statement of income from the acquisition date to the periods ended September 30, 2018 are as follows:
(US$ in millions) | Three Months Ended September 30, 2018 | Nine Months Ended September 30, 2018
Net sales | $ | 395 |  | $ | 966 |
Income (loss) from continuing operations | $ | (4 | ) | $ | — |
The following represents the supplemental pro forma results of the combined entity as if Loders was acquired on January 1, 2017:
| Three Months Ended September 30, | Nine Months Ended September 30,
(US$ in millions) | 2018 | 2017 | 2018 | 2017
Net sales | $ | 11,412 |  | $ | 11,896 |  | $ | 34,497 |  | $ | 35,548 |
Income (loss) from continuing operations | $ | 368 |  | $ | 78 |  | $ | 345 |  | $ | 178 |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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