v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 14,227 $ 16,759 $ 44,604 $ 50,572
Cost of goods sold (13,182) (15,871) (41,013) (47,708)
Gross profit 1,045 888 3,591 2,864
Selling, general and administrative expenses (447) (337) (1,220) (979)
Interest income 38 30 121 50
Interest expense (133) (103) (374) (306)
Foreign exchange (losses) gains (47) (52) (64) (150)
Other income (expense) – net 8 40 35 (13)
Income (loss) from affiliates 39 30 83 95
Income (loss) before income tax 503 496 2,172 1,561
Income tax (expense) benefit (114) (113) (495) (257)
Net income (loss) 389 383 1,677 1,304
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests (16) (3) (50) (30)
Net income (loss) attributable to Bunge $ 373 $ 380 $ 1,627 $ 1,274
Earnings per common share—basic (Note 18)        
Net income (loss) attributable to Bunge common shareholders—basic (in dollars per share) $ 2.50 $ 2.52 $ 10.85 $ 8.59
Earnings per common share—diluted (Note 18)        
Net income (loss) attributable to Bunge common shareholders—diluted (in dollars per share) $ 2.47 $ 2.49 $ 10.71 $ 8.30