v3.20.2

INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Schedule of inventories by segment

Inventories by segment are presented below. Readily marketable inventories (“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. The Company engages in trading and distribution, or merchandising activities, and part of RMI can be attributable to such activities and is not held for processing. All other inventories are carried at lower of cost or net realizable value.

(US$ in millions)						June 30, 2020						December 31, 2019
Agribusiness (1)						$	4,903					$	4,002
Edible Oil Products (2)						777						770
Milling Products						216						194
Sugar and Bioenergy (3)						6						6
Fertilizer						105						66
Total						$	6,007					$	5,038

(1) Includes RMI of $4,712 million and $3,796 million at June 30, 2020 and December 31, 2019, respectively.  Assets held for sale includes RMI of $99 million and zero at June 30, 2020 and December 31, 2019, respectively (see Note 3 - Portfolio Rationalization Initiatives). Of these amounts, $3,841 million and $2,589 million can be attributable to merchandising activities at June 30, 2020 and December 31, 2019, respectively.

(2) Includes RMI of $89 million and $133 million at June 30, 2020 and December 31, 2019, respectively.

(3) Includes RMI of $6 million and $5 million at June 30, 2020 and December 31, 2019, respectively.

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No definition available.

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

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