| 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, April 1, 2023 | $ | (5,701) | | $ | (368) | | $ | (102) | | | $ | (6,171) | | | Other comprehensive income (loss) before reclassifications | 147 | | (66) | | — | | | 81 | | | | | | | | | Amount reclassified from accumulated other comprehensive income (loss) | — | | (1) | | — | | | (1) | | | Balance, June 30, 2023 | $ | (5,554) | | $ | (435) | | $ | (102) | | | $ | (6,091) | |
| | | | | | | | | | | | | | | | | | | | | | | | | (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, April 1, 2022 | $ | (5,697) | | $ | (373) | | $ | (143) | | | | $ | (6,213) | | | Other comprehensive income (loss) before reclassifications | (265) | | 47 | | — | | | | (218) | | | Amount reclassified from accumulated other comprehensive income (loss) | — | | (5) | | — | | | | (5) | | | Balance, June 30, 2022 | $ | (5,962) | | $ | (331) | | $ | (143) | | | | $ | (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, 2023 | $ | (5,926) | | $ | (343) | | $ | (102) | | | | $ | (6,371) | | | Other comprehensive income (loss) before reclassifications | 269 | | (92) | | — | | | | 177 | | | | | | | | | | Amount reclassified from accumulated other comprehensive income (loss) | 103 | | — | | — | | | | 103 | | | Balance, June 30, 2023 | $ | (5,554) | | $ | (435) | | $ | (102) | | | | $ | (6,091) | |
| | | | | | | | | | | | | | | | | | | | | | | | | (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 | 131 | | (70) | | — | | | | 61 | | Amount reclassified from accumulated other comprehensive income (loss) (1) | — | | (7) | | (19) | | | | (26) | | | Balance, June 30, 2022 | $ | (5,962) | | $ | (331) | | $ | (143) | | | | $ | (6,436) | |
(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 six months ended June 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).
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