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INVENTORIES
 6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories by segment consist of the following:
(US$ in millions)June 30,
2024		December 31,
2023
Agribusiness$6,848 $5,830 
Refined and Specialty Oils1,061 1,096 
Milling143 175 
Corporate and Other5 4 
Total$8,057 $7,105 
Readily marketable inventories ("RMI") are agricultural commodity inventories, such as soybeans, soybean meal, soybean oil, palm oil, corn, and wheat carried at fair value because of their commodity characteristics, widely available markets, and international pricing mechanisms. All other inventories are carried at lower of cost or net realizable value.
RMI by segment consists of the following:
(US$ in millions)June 30,
2024		December 31,
2023
Agribusiness(1)
$6,503 $5,519 
Refined and Specialty Oils269 302 
Milling4 16 
Total$6,776 $5,837 
(1)    The Company engages in trading and distribution, or merchandising activities, and part of RMI can be attributable to such activities and is not held for processing. Included in RMI is $5,527 million and $4,242 million attributable to merchandising activities at June 30, 2024, and December 31, 2023, respectively.