| Schedule of After-Tax Components of Accumulated Other Comprehensive Income (Loss) Attributable to Bunge |
The following table summarizes the balances of related after-tax components of Accumulated other comprehensive income (loss) attributable to Bunge: | | | | | | | | | | | | | | | | | | | | | | | (US$ in millions) | Foreign Exchange
Translation
Adjustment | Deferred
Gains (Losses)
on Hedging
Activities | Pension and Other
Postretirement
Liability
Adjustments | | Accumulated
Other
Comprehensive
Income (Loss) | | Balance, July 1, 2022 | $ | (5,962) | | $ | (331) | | $ | (143) | | | $ | (6,436) | | | Other comprehensive income (loss) before reclassifications | (333) | | 32 | | — | | | (301) | | | Acquisition of redeemable noncontrolling interest | (15) | | — | | — | | | (15) | | | Amount reclassified from accumulated other comprehensive income (loss) | 158 | | (18) | | 1 | | | 141 | | | Balance, September 30, 2022 | $ | (6,152) | | $ | (317) | | $ | (142) | | | $ | (6,611) | |
| | | | | | | | | | | | | | | | | | | | | | | | | (US$ in millions) | Foreign Exchange
Translation
Adjustment | Deferred
Gains (Losses)
on Hedging
Activities | Pension and Other
Postretirement
Liability
Adjustments | | | Accumulated
Other
Comprehensive
Income (Loss) | | Balance, July 1, 2021 | $ | (5,771) | | $ | (311) | | $ | (176) | | | | $ | (6,258) | | | Other comprehensive income (loss) before reclassifications | (222) | | 43 | | 2 | | | | (177) | | | Amount reclassified from accumulated other comprehensive income (loss) | — | | (1) | | — | | | | (1) | | | Balance, September 30, 2021 | $ | (5,993) | | $ | (269) | | $ | (174) | | | | $ | (6,436) | |
| | | | | | | | | | | | | | | | | | (US$ in millions) | Foreign Exchange
Translation
Adjustment | Deferred
Gains (Losses)
on Hedging
Activities | Pension and Other
Postretirement
Liability
Adjustments | | | Accumulated
Other
Comprehensive
Income (Loss) | | Balance, January 1, 2022 | $ | (6,093) | | $ | (254) | | $ | (124) | | | | $ | (6,471) | | | Other comprehensive income (loss) before reclassifications | (202) | | (38) | | — | | | | (240) | | | Acquisition of redeemable noncontrolling interest | (15) | | — | | — | | | | (15) | | Amount reclassified from accumulated other comprehensive income (loss)(1) | 158 | | (25) | | (18) | | | | 115 | | | Balance, September 30, 2022 | $ | (6,152) | | $ | (317) | | $ | (142) | | | | $ | (6,611) | |
(1)On February 28, 2022, the Company, together with plan participants and related employee unions, agreed to the transition of one of the Company's international defined benefit pension plans to a multi-employer pension plan. Following the transition, the Company accounts for the multi-employer plan similar to a defined contribution plan, resulting in full settlement of the related defined benefit plan obligations. In connection with the settlement, during the nine months ended September 30, 2022, the Company reclassified $27 million (net of $10 million tax expense) in unamortized actuarial gains from Accumulated other comprehensive income (loss), of which $19 million was attributable to Bunge (net of $7 million in tax expense), and $8 million was attributable to redeemable non-controlling interest (net of $3 million in tax expense).
| | | | | | | | | | | | | | | | | | (US$ in millions) | Foreign Exchange
Translation
Adjustment | Deferred
Gains (Losses)
on Hedging
Activities | Pension and Other
Postretirement
Liability
Adjustments | | | Accumulated
Other
Comprehensive
Income (Loss) | | Balance, January 1, 2021 | $ | (5,857) | | $ | (215) | | $ | (174) | | | | $ | (6,246) | | | Other comprehensive income (loss) before reclassifications | (136) | | (51) | | — | | | | (187) | | | Amount reclassified from accumulated other comprehensive income (loss) | — | | (3) | | — | | | | (3) | | | Balance, September 30, 2021 | $ | (5,993) | | $ | (269) | | $ | (174) | | | | $ | (6,436) | |
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