v3.20.1

PORTFOLIO RATIONALIZATION INITIATIVES | 3 Months Ended
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Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
PORTFOLIO RATIONALIZATION INITIATIVES | PORTFOLIO RATIONALIZATION INITIATIVES Business Dispositions On December 20, 2019, Bunge announced that it has entered into an agreement to sell its margarine and mayonnaise assets in Brazil. The transaction includes three production plants and brands used for these two products. The completion of the sale is subject to regulatory approval and is expected to close in the second half of 2020. In connection with this agreement, the Company has classified the assets and liabilities to be sold as held for sale in its consolidated financial statements as of March 31, 2020 and December 31, 2019. The following table presents the major classes of assets and liabilities included in Assets held for sale and Liabilities held for sale, respectively, on the Condensed Consolidated Balance Sheets at March 31, 2020 and December 31, 2019:
(US$ in millions) | March 31, 2020 | December 31, 2019
Inventories | $ | 15 |  | $ | 19 |
Property, plant, and equipment, net | 33 |  | 49 |
Other intangible assets, net | 3 |  | 4 |
Assets held for sale | $ | 51 |  | $ | 72 |
Other current liabilities | $ | 3 |  | $ | 4 |
Liabilities held for sale | $ | 3 |  | $ | 4 |

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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