v3.21.1

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Operating Segment Information

Segment revenues generated from these transfers are shown in the following table as “Inter-segment revenues.”

			Three Months Ended March 31, 2021
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Corporate and Other			Eliminations			Total
Net sales to external customers			$	9,791		$	2,726		$	390		$	54		$	—		$	—		$	12,961
Inter–segment revenues			1,466			102			93			—			—			(1,661)			—
Cost of goods sold			(8,905)			(2,491)			(356)			(54)			(8)			—			(11,814)
Gross profit			886			235			34			—			(8)			—			1,147
Selling, general and administrative expenses			(80)			(86)			(23)			—			(82)			—			(271)
Foreign exchange gains (losses)			(8)			2			(3)			—			(1)			—			(10)
EBIT attributable to noncontrolling interests (1)			(8)			(79)			—			—			—			—			(87)
Other income (expense) - net			22			236			—			—			5			—			263
Income (loss) from affiliates			24			—			—			20			—			—			44
Total Segment EBIT (2)			836			308			8			20			(86)			0			1,086
Depreciation, depletion and amortization			(51)			(37)			(11)			—			(7)			—			(106)
Total assets			18,584			3,745			1,252			129			823			—			24,533

			Three Months Ended March 31, 2020
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Corporate and Other			Eliminations			Total
Net sales to external customers			$	6,382		$	2,325		$	416		$	50		$	—		$	—		$	9,173
Inter–segment revenues			1,207			43			2			—			—			(1,252)			—
Cost of goods sold			(6,385)			(2,197)			(368)			(48)			(1)			—			(8,999)
Gross profit			(3)			128			48			2			(1)			—			174
Selling, general and administrative expenses			(109)			(94)			(26)			(1)			(65)			—			(295)
Foreign exchange gains (losses)			(12)			7			(3)			—			2			—			(6)
EBIT attributable to noncontrolling interests (1)			2			6			—			—			—			—			8
Other income (expense) - net			(8)			—			(1)			—			—			—			(9)
Income (loss) from affiliates			9			—			—			(51)			—			—			(42)
Total Segment EBIT (2)			(121)			47			18			(50)			(64)			0			(170)
Depreciation, depletion and amortization			(57)			(37)			(12)			—			(7)			—			(113)
Total assets			13,054			3,330			1,214			303			695			—			18,596

(1)     Include noncontrolling interests' share of interest and tax with EBIT attributable to noncontrolling interests in order to reconcile to consolidated Noncontrolling interests.

(2)     Total segment earnings before interest and taxes (“EBIT”) is an operating performance measure used by Bunge’s management to evaluate segment operating activities. Bunge’s management believes Total Segment EBIT is a useful measure of operating profitability, since the measure allows for an evaluation of the performance of its segments without regard to its financing methods or capital structure. In addition, Total Segment EBIT is a financial measure that is widely used by analysts and investors in Bunge’s industry. However, Total Segment EBIT is a non-GAAP financial measure and is not intended to replace Net income (loss) attributable to Bunge, the most directly comparable U.S. GAAP financial measure. Further, Total Segment EBIT is not a measure of consolidated operating results under U.S. GAAP and should not be considered as an alternative to Net income (loss) or any other measure of consolidated operating results under U.S. GAAP. See the reconciliation of Total Segment EBIT to Net income (loss) attributable to Bunge in the table below.

Reconciliation of Total Segment EBIT to net income attributable to Bunge

A reconciliation of Total Segment EBIT to Net income (loss) attributable to Bunge follows:

			Three Months Ended March 31,
(US$ in millions)			2021			2020
Net income (loss) attributable to Bunge			$	831		$	(184)
Interest income			(9)			(7)
Interest expense			73			77
Income tax expense (benefit)			192			(55)
Noncontrolling interests' share of interest and tax			(1)			(1)
Total Segment EBIT from continuing operations			$	1,086		$	(170)

Net sales by product group to external customers

The following tables provide a disaggregation of Net sales to external customers between sales from contracts with customers and sales from other arrangements:

			Three Months Ended March 31, 2021
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling (1)			Sugar and Bioenergy			Total
Sales from other arrangements			$	9,359		$	186		$	(6)		$	54		$	9,593
Sales from contracts with customers			432			2,540			396			—			3,368
Net sales to external customers			$	9,791		$	2,726		$	390		$	54		$	12,961

(1)         Sales from other arrangements impacted by indirect taxes associated with intercompany sales activity.

			Three Months Ended March 31, 2020
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Total
Sales from other arrangements			$	6,084		$	491		$	16		$	47		$	6,638
Sales from contracts with customers			298			1,834			400			3			2,535
Net sales to external customers			$	6,382		$	2,325		$	416		$	50		$	9,173

X

- Definition

This element represents the reconciliation of income or loss before interest and income taxes from reportable segments, to the entity's consolidated net income or loss attributable to the parent company.

+ References

No definition available.

+ Details

Name:	bg_ReconciliationofSegmentIncomeLossbeforeIncomeTaxestoConsolidatedNetIncomeLossTableTextBlock
Namespace Prefix:	bg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration