v3.22.1

ACQUISITIONS AND DISPOSITIONS (Tables)

3 Months Ended

Mar. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Assets and Liabilities Held for Sale

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 sheet at March 31, 2022, reported under the Milling segment:

(US$ in millions)			March 31, 2022
Trade accounts receivable			$	70
Inventories			115
Other current assets			16
Property, plant and equipment, net			160
Operating lease assets			3
Goodwill & Other intangible assets, net			86
Impairment reserve			(170)
Assets held for sale (1) (2)			$	280
Trade accounts payable			$	101
Current operating lease obligations			3
Other current liabilities			9
Liabilities held for sale (2)			$	113

(1)     Assets held for sale excludes approximately $153 million of cumulative translation adjustments on non-current assets included in the Mexico wheat milling disposal group.

(2)    In addition to the disposition discussed above, from time to time the Company has Assets held for sale and Liabilities held for sale related to insignificant dispositions. Total Assets held for sale related to these transactions is $5 million at March 31, 2022. There are no Liabilities held for sale related to these transactions at March 31, 2022.

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- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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