v3.23.1
EQUITY
 3 Months Ended
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 reclassifications122 (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 reclassifications396 (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).