v3.23.1

SEGMENT INFORMATION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Operating Segment Information | Segment revenues generated from these transfers are shown in the following table as “Inter-segment revenues.”
| Three Months Ended March 31, 2023
(US$ in millions) | Agribusiness | Refined and Specialty Oils | Milling | Sugar and Bioenergy | Corporate and Other | Eliminations | Total
Net sales to external customers | $ | 10,852 |  | $ | 3,888 |  | $ | 515 |  | $ | 64 |  | $ | 9 |  | $ | — |  | $ | 15,328 |
Inter–segment revenues | 2,156 |  | 37 |  | 164 |  | — |  | — |  | (2,357) |  | — |
Cost of goods sold | (10,044) |  | (3,546) |  | (484) |  | (64) |  | (9) |  | — |  | (14,147) |
Gross profit | 808 |  | 342 |  | 31 |  | — |  | — |  | — |  | 1,181 |
Selling, general and administrative expenses | (132) |  | (95) |  | (21) |  | — |  | (105) |  | — |  | (353) |
Foreign exchange (losses) gains | 39 |  | 5 |  | — |  | — |  | 5 |  | — |  | 49 |
EBIT attributable to noncontrolling interests (1) | (21) |  | (4) |  | — |  | — |  | — |  | — |  | (25) |
Other income (expense) - net | 11 |  | (15) |  | (1) |  | — |  | 20 |  | — |  | 15 |
Income (loss) from affiliates | — |  | — |  | — |  | 19 |  | — |  | — |  | 19 |
Total Segment EBIT (2) | 705 |  | 233 |  | 9 |  | 19 |  | (80) |  | — |  | 886 |
Total assets | 17,366 |  | 3,656 |  | 1,157 |  | 334 |  | 4,597 |  | — |  | 27,110 |
| Three Months Ended March 31, 2022
(US$ in millions) | Agribusiness | Refined and Specialty Oils | Milling | Sugar and Bioenergy | Corporate and Other | Eliminations | Total
Net sales to external customers | $ | 11,231 |  | $ | 3,976 |  | $ | 603 |  | $ | 64 |  | $ | 6 |  | $ | — |  | $ | 15,880 |
Inter–segment revenues | 2,487 |  | 112 |  | 375 |  | — |  | — |  | (2,974) |  | — |
Cost of goods sold | (10,367) |  | (3,714) |  | (532) |  | (62) |  | (1) |  | — |  | (14,676) |
Gross profit | 864 |  | 262 |  | 71 |  | 2 |  | 5 |  | — |  | 1,204 |
Selling, general and administrative expenses | (121) |  | (89) |  | (24) |  | — |  | (74) |  | — |  | (308) |
Foreign exchange (losses) gains | 9 |  | — |  | 3 |  | — |  | — |  | — |  | 12 |
EBIT attributable to noncontrolling interests (1) | (4) |  | 3 |  | — |  | — |  | (12) |  | — |  | (13) |
Other income (expense) - net | (63) |  | (3) |  | — |  | — |  | 19 |  | — |  | (47) |
Income (loss) from affiliates | 14 |  | — |  | — |  | 32 |  | (1) |  | — |  | 45 |
Total Segment EBIT (2) | 699 |  | 173 |  | 50 |  | 34 |  | (63) |  | — |  | 893 |
Total assets | 20,607 |  | 4,383 |  | 1,482 |  | 322 |  | 1,930 |  | — |  | 28,724 |
(1) Include noncontrolling interests' share of interest and tax with EBIT attributable to noncontrolling interests in order to reconcile to consolidated Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests. (2) Total segment earnings before interest and taxes ("EBIT") is an operating performance measure used by Bunge’s management to evaluate segment operating activities. Bunge’s management believes Total Segment EBIT is a useful measure of operating profitability, since the measure allows for an evaluation of the performance of its segments without regard to its financing methods or capital structure. In addition, EBIT is a financial measure that is widely used by analysts and investors in Bunge’s industry. Total Segment EBIT is a non-GAAP financial measure and is not intended to replace Net income (loss) attributable to Bunge, the most directly comparable U.S. GAAP financial measure. Further, Total Segment EBIT is not a measure of consolidated operating results under U.S. GAAP and should not be considered as an alternative to Net income (loss) or any other measure of consolidated operating results under U.S. GAAP. See the reconciliation of Total Segment EBIT to Net income (loss) attributable to Bunge in the table below.
Schedule of Reconciliation of Total Segment EBIT to Net Income Attributable to Bunge | A reconciliation of Net income (loss) attributable to Bunge to Total Segment EBIT follows:
| Three Months Ended March 31, |  |
(US$ in millions) | 2023 |  | 2022 |  |  |  |
Net income (loss) attributable to Bunge | $ | 632 |  |  | $ | 688 |  |  |  |  |
Interest income | (43) |  |  | (9) |  |  |  |  |
Interest expense | 112 |  |  | 111 |  |  |  |  |
Income tax expense (benefit) | 183 |  |  | 108 |  |  |  |  |
Noncontrolling interests' share of interest and tax | 2 |  |  | (5) |  |  |  |  |
Total Segment EBIT | $ | 886 |  |  | $ | 893 |  |  |  |  |
Schedule of Net Sales by Product Group to External Customers |
| Three Months Ended March 31, 2023
(US$ in millions) | Agribusiness | Refined and Specialty Oils | Milling | Sugar and Bioenergy | Corporate and Other | Total
Sales from commodity contracts (ASC 815) | $ | 10,288 |  | $ | 178 |  | $ | 74 |  | $ | 64 |  | $ | — |  | $ | 10,604 |
Sales from contracts with customers (ASC 606) | 564 |  | 3,710 |  | 441 |  | — |  | 9 |  | 4,724 |
Net sales to external customers | $ | 10,852 |  | $ | 3,888 |  | $ | 515 |  | $ | 64 |  | $ | 9 |  | $ | 15,328 |
| Three Months Ended March 31, 2022
(US$ in millions) | Agribusiness | Refined and Specialty Oils | Milling | Sugar and Bioenergy | Corporate and Other | Total
Sales from commodity contracts (ASC 815) | $ | 10,567 |  | $ | 251 |  | $ | 62 |  | $ | 63 |  | $ | — |  | $ | 10,943 |
Sales from contracts with customers (ASC 606) | 664 |  | 3,725 |  | 541 |  | 1 |  | 6 |  | 4,937 |
Net sales to external customers | $ | 11,231 |  | $ | 3,976 |  | $ | 603 |  | $ | 64 |  | $ | 6 |  | $ | 15,880 |

X
- Definition This element represents the reconciliation of income or loss before interest and income taxes from reportable segments, to the entity's consolidated net income or loss attributable to the parent company. + References No definition available. + Details
Name: | bg_ReconciliationOfSegmentIncomeLossBeforeIncomeTaxesToConsolidatedNetIncomeLossTableTextBlock
Namespace Prefix: | bg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration