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EMPLOYEE BENEFIT PLANS | 9 Months Ended
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Sep. 30, 2020
Retirement Benefits [Abstract] |
EMPLOYEE BENEFIT PLANS | EMPLOYEE BENEFIT PLANSOn July 17, 2020 the Company approved a one-time lump sum offering to certain participants in Bunge's defined benefit U.S. Pension Plan who have separated from the Company as of December 31, 2019 and whose benefits in the plan have fully vested. The participants have until November 9, 2020 to accept the offer, following which the respective payments will be completed by December 31, 2020. The total amount of payments, which will be paid from plan assets as settlement of respective benefit obligations, will depend upon the number of participants that accept the offer. However, the maximum payout is $144 million. The payment is not expected to materially impact the net funding status of the plan nor result in any material gain or loss to the Company. On July 24, 2020 the Company made a one-time cash contribution payment to its defined benefit pension plans of $65 million, in addition to the $19 million expected contributions for the year ending December 31, 2020 previously disclosed in the Company's 2019 Annual Report on Form 10-K, filed on February 21, 2020.

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