On October 12, 2021, Bunge entered into an agreement to sell substantially all of its wheat milling business in Mexico in exchange for cash proceeds approximately equal to the book value of Property, plant and equipment, net, plus an additional sum in consideration for the value of net working capital to be transferred upon closing. Additionally, cumulative translation adjustments, among other items related to the disposal group, resulted in a corresponding impairment loss on sale of $170 million, recognized in Cost of goods sold for the year ended December 31, 2021. The agreement is expected to close in the last half of 2022 and is subject to regulatory approval and customary closing conditions.

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 June 30, 2022, reported under the Milling segment:


(US$ in millions)	June 30, 2022
Trade accounts receivable	$	77
Inventories	141
Other current assets	14
Property, plant and equipment, net	162
Operating lease assets	2
Goodwill & Other intangible assets, net	86
Impairment reserve	(170)
Assets held for sale (1) (2)	$	312

Trade accounts payable	$	41
Current operating lease obligations	2
Other current liabilities	18

Liabilities held for sale (2)	$	61

(2) In addition to the disposition discussed above, as of June 30, 2022 the Company's reported Assets held for sale include $5 million in relation to certain other insignificant dispositions. There are no Liabilities held for sale related to these transactions as of June 30, 2022.