TRADE ACCOUNTS RECEIVABLE AND TRADE RECEIVABLES SECURITIZATION PROGRAM (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Changes to the Allowance for Lifetime Expected Credit Losses Related to Accounts Receivable

Changes to the allowance for lifetime expected credit losses related to trade accounts receivable were as follows:


	Nine Months Ended September 30, 2022
Rollforward of the Allowance for Credit Losses (US$ in millions)	Short-term		Long-term (1)		Total
Allowance as of January 1, 2022	$	85	$	47	$	132
Current period provisions	49		1		50
Recoveries	(27)		(1)		(28)
Write-offs charged against the allowance	(11)		(3)		(14)
Foreign exchange translation differences	(2)		1		(1)
Allowance as of September 30, 2022	$	94	$	45	$	139

(1) Long-term portion of the allowance for credit losses included in Other non-current assets.


	Nine Months Ended September 30, 2021
Rollforward of the Allowance for Credit Losses (US$ in millions)	Short-term		Long-term (1)		Total
Allowance as of January 1, 2021	$	93	$	51	$	144
Current period provisions	25		—		25
Recoveries	(20)		(1)		(21)
Write-offs charged against the allowance	(3)		—		(3)
Foreign exchange translation differences	(2)		(2)		(4)
Allowance as of September 30, 2021	$	93	$	48	$	141

(1) Long-term portion of the allowance for credit losses included in Other non-current assets.

Schedule of Assets that Continue to be Recognized, Transferred Financial Assets and Other Financial Assets Managed Together


(US$ in millions)	September 30, 2022		December 31, 2021
Receivables sold that were derecognized from Bunge's condensed consolidated balance sheet	$	1,712	$	1,426
Deferred purchase price included in Other current assets (1)	$	607	$	496

(1) Bunge's risk of loss following the sale of the trade receivables is limited to the deferred purchase price ("DPP"), included in Other current assets in the condensed consolidated balance sheets (see Note 7 - Other Current Assets). The DPP will be repaid in cash as receivables are collected, generally within 30 days of collection. Provisions for

delinquencies and credit losses on trade receivables sold under the Program were $5 million and $5 million at September 30, 2022 and December 31, 2021, respectively.The table below summarizes the cash flows and discounts of Bunge’s trade receivables associated with the Program. Servicing fees under the Program were not significant in any period.


	Nine Months Ended September 30,
(US$ in millions)	2022		2021
Gross receivables sold	$	13,182	$	10,658
Proceeds received in cash related to transfers of receivables	$	12,455	$	10,015
Cash collections from customers on receivables previously sold	$	13,035	$	10,061
Discounts related to gross receivables sold included in Selling, general and administrative expense	$	12	$	6