v3.10.0.1
BUSINESS ACQUISITIONS (Tables)
 9 Months Ended
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