On April 21, 2020, Bunge announced that it had entered into an agreement to sell a portfolio of interior grain elevators located in the United States, in exchange for cash proceeds of $300 million plus working capital, subject to customary closing adjustments.

In connection with this agreement, the Company classified the assets and liabilities to be sold, which are reported under the Agribusiness reportable segment, as held for sale in its condensed consolidated financial statements as of March 31, 2021. The following table presents the disposal group's 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, 2021:


(US$ in millions)	March 31, 2021
Inventories	$	190
Other current assets	92
Property, plant and equipment, net	127
Operating lease assets	7
Goodwill	9
Assets held for sale	$	425

Trade accounts payable	$	73
Current operating lease obligations	1
Other current liabilities	3
Non-current operating lease obligations	7
Liabilities held for sale	$	84

On November 4, 2020, Bunge announced that its Bunge Loders Croklaan joint venture had entered into an agreement to sell its oil refinery located in Rotterdam, Netherlands. Bunge will lease back the facility from the buyer in a phased transition through 2024 so that it can continue to supply its customers with its products. The transaction, accounted for as an asset sale, closed during the first quarter of 2021. The Company recorded a gain of $219 million on the sale, which was recorded within Other income (expense)—net on the condensed consolidated statement of income.

The following table presents the book value of the major classes of assets and liabilities included in the disposal group, which was reported under the Refined and Specialty Oils reportable segment:


(US$ in millions)

Other current assets	$	3
Property, plant and equipment, net	94
Operating lease assets	6
Assets	$	103

Current operating lease obligations	$	1
Other current liabilities	5
Deferred income taxes	7
Non-current lease obligations	5
Liabilities	$	18

During the quarter ended March 31, 2021, Bunge completed the sale of its oils packaging facility in Queretaro, Mexico. The transaction primarily includes the location's property, plant and equipment and related processes. The Company recorded a gain of $19 million on the sale, which was recorded within Other income (expense)—net on the condensed consolidated statement of income.

The following table presents the book value of the major classes of assets included in the disposal group, which was reported under the Refined and Specialty Oils reportable segment.