v3.21.2

INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2021

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, palm 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, 2021			December 31, 2020
Agribusiness (1)			$	6,992		$	6,019
Refined and Specialty Oils (2)			1,160			885
Milling (3)			308			268
Total			$	8,460		$	7,172

(1)    Includes RMI of $6,650 million and $5,735 million at June 30, 2021 and December 31, 2020, respectively. Assets held for sale includes RMI of $111 million and $365 million at June 30, 2021 and December 31, 2020, respectively (see Note 3 - Portfolio Rationalization Initiatives). Of these amounts, $5,629 million and $4,369 million can be attributable to merchandising activities at June 30, 2021 and December 31, 2020, respectively.

(2)    Includes RMI of $254 million and $174 million at June 30, 2021 and December 31, 2020, respectively.

(3)    Includes RMI of $26 million and $52 million at June 30, 2021 and December 31, 2020, respectively.

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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.

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