v3.23.3
EQUITY
 9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
EQUITY EQUITY
Share repurchase program — As noted in Note 2 - Acquisitions and Dispositions, on June 12, 2023, Bunge's Board of Directors approved the expansion of an existing $500 million program for the repurchase of Bunge’s issued and outstanding common shares. At the time, approximately $300 million of capacity for the repurchase of Bunge common shares remained available under the existing program and Bunge's Board of Directors approved the expansion of the program by an additional $1.7 billion, for an aggregate unutilized capacity of $2.0 billion at June 12, 2023. The program continues to have an indefinite term. During the three and nine months ended September 30, 2023, Bunge repurchased 4,327,536 common shares for $488 million. As of September 30, 2023, 6,436,651 common shares were repurchased for $688 million and $1.5 billion remained outstanding for repurchases under the program.
In October 2023, Bunge repurchased an additional 1,080,325 common shares for $112 million. Therefore, as of October 26, 2023, 7,516,976 common shares were repurchased for $800 million and $1.4 billion remains outstanding for repurchases under the program.
Dividends on common shares — On August 17, 2023, Bunge announced that the Company's Board of Directors had declared a dividend of $0.6625 per common share, payable on December 1, 2023, to shareholders of record on November 17, 2023. During the nine months ended September 30, 2023, the Company's Board of Directors declared total dividends on common shares of $1.95 per common share.
Accumulated other comprehensive income (loss) attributable to Bunge — The following table summarizes the balances of related after-tax components of Accumulated other comprehensive income (loss) attributable to Bunge:
(US$ in millions)Foreign Exchange
Translation
Adjustment		Deferred
Gains (Losses)
on Hedging
Activities		Pension and Other
Postretirement
Liability
Adjustments		Accumulated
Other
Comprehensive
Income (Loss)
Balance, July 1, 2023$(5,554)$(435)$(102)$(6,091)
Other comprehensive income (loss) before reclassifications(162)31 — (131)
Amount reclassified from accumulated other comprehensive income (loss)(1)(1)— (2)
Balance, September 30, 2023$(5,717)$(405)$(102)$(6,224)
(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, July 1, 2022$(5,962)$(331)$(143)$(6,436)
Other comprehensive income (loss) before reclassifications(333)32 — (301)
Acquisition of redeemable noncontrolling interest(15)— — (15)
Amount reclassified from accumulated other comprehensive income (loss)158 (18)1 141 
Balance, September 30, 2022$(6,152)$(317)$(142)$(6,611)
(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 reclassifications107 (61)— 46 
Amount reclassified from accumulated other comprehensive income (loss)102 (1)— 101 
Balance, September 30, 2023$(5,717)$(405)$(102)$(6,224)
(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(202)(38)— (240)
Acquisition of redeemable noncontrolling interest(15)— — (15)
Amount reclassified from accumulated other comprehensive income (loss) (1)
158 (25)(18)115 
Balance, September 30, 2022$(6,152)$(317)$(142)$(6,611)
(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 nine months ended September 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).