On September 16, 2022, Bunge signed an agreement to sell its remaining Russian operations, primarily comprising an oilseed crushing and refining facility in Voronezh, southwest Russia, to Karen Vanetsyan (the "Buyer"), in exchange for a cash price approximately equal to the book value of the disposal group's net assets. Additionally, cumulative translation adjustment losses, among other items related to the disposal group, resulted in a corresponding impairment loss on sale of $84 million, recognized in Cost of goods sold during the three and nine months ended September 30, 2022. In connection with the transaction, Bunge has agreed to indemnify the Buyer against certain legal claims involving Bunge's Russian subsidiary. Management believes the likelihood of any loss related to the claims underlying the expected indemnity is remote. Completion of the sale is subject to customary closing conditions, including regulatory approvals.

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 as of September 30, 2022. Intercompany balances between the disposal group and other Bunge consolidated entities have been omitted. Assets held for sale comprise $15 million, $37 million, and $6 million, reported under the Agribusiness segment, Refined and Specialty Oils segment, and Corporate and Other, respectively. Liabilities held for sale comprise $4 million and $9 million, reported under the Agribusiness segment and Refined and Specialty Oils segment, respectively.


(US$ in millions)	September 30, 2022
Cash and cash equivalents	$	36
Trade accounts receivable (less allowances of zero)	21
Inventories	17

Other current assets	12
Property, plant and equipment, net	30

Goodwill & Other intangible assets, net	10
Other non-current assets	16
Impairment reserve	(84)
Assets held for sale	$	58

Trade accounts payable and accrued liabilities	$	6


Other current liabilities	7


Total liabilities held for sale	$	13

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 on 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 Company also incurred a $30 million tax expense in connection with the disposal. On September 14, 2022, the transaction closed in accordance with the terms of the agreement.


(US$ in millions)
Trade accounts receivable	$	73
Inventories	187
Other current assets	7
Property, plant and equipment, net	164
Operating lease assets	2
Goodwill & Other intangible assets, net	86
Impairment reserve	(170)
Total assets	$	349

Trade accounts payable	$	13
Current operating lease obligations	1
Other current liabilities	5

Total liabilities	$	19