v3.23.1

EQUITY | 3 Months Ended
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Mar. 31, 2023
Stockholders' Equity Note [Abstract] |
EQUITY | EQUITY Share repurchase program — During October 2021, Bunge's Board of Directors approved a program for the repurchase of up to $500 million of Bunge's issued and outstanding common shares. The program has no expiration date. To date under the program, 2,109,115 common shares were repurchased for $200 million. As of March 31, 2023, $300 million remains outstanding for repurchases under the program. Dividends on common shares — On February 22, 2023, Bunge announced that the Company's Board of Directors had declared a dividend of $0.625 per common share, payable on June 2, 2023, to shareholders of record on May 19, 2023. Accumulated other comprehensive income (loss) attributable to Bunge — The following table summarizes the balances of related after-tax components of Accumulated other comprehensive income (loss) attributable to Bunge:
(US$ in millions) | Foreign Exchange Translation Adjustment | Deferred Gains (Losses) on Hedging Activities | Pension and Other Postretirement Liability Adjustments |  | Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2023 | $ | (5,926) |  | $ | (343) |  | $ | (102) |  |  | $ | (6,371) |
Other comprehensive income (loss) before reclassifications | 122 |  | (26) |  | — |  |  | 96 |
Amount reclassified from accumulated other comprehensive income (loss) | 103 |  | 1 |  | — |  |  | 104 |
Balance, March 31, 2023 | $ | (5,701) |  | $ | (368) |  | $ | (102) |  |  | $ | (6,171) |
(US$ in millions) | Foreign Exchange Translation Adjustment | Deferred Gains (Losses) on Hedging Activities | Pension and Other Postretirement Liability Adjustments (1) |  |  | Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2022 | $ | (6,093) |  | $ | (254) |  | $ | (124) |  |  |  | $ | (6,471) |
Other comprehensive income (loss) before reclassifications | 396 |  | (117) |  | — |  |  |  | 279 |
Amount reclassified from accumulated other comprehensive income (loss) | — |  | (2) |  | (19) |  |  |  | (21) |
Balance, March 31, 2022 | $ | (5,697) |  | $ | (373) |  | $ | (143) |  |  |  | $ | (6,213) |
(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 three months ended March 31, 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).

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