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EQUITY
6 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
EQUITY EQUITY
Share repurchase program — As noted in Note 2 - Acquisitions and Dispositions, on June 12, 2023, Bunge Limited's Board of Directors approved the expansion of an existing $500 million program for the repurchase of Bunge’s issued and outstanding shares. At the time, approximately $300 million of capacity for the repurchase of Bunge Limited shares remained available under the existing program and Bunge Limited'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 six months ended June 30, 2024, Bunge repurchased 4,376,974 shares for $400 million. As of June 30, 2024, 11,893,950 shares were repurchased for $1.2 billion and $1.0 billion remained outstanding for repurchases under the program.
Dividends on registered shares — We paid cash dividends to shareholders as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Dividends paid per share$0.68 $0.625 $1.3425 $1.25 
Dividend distributions occurring after the Redomestication are at the discretion of the Board of Directors and the approval of shareholders at a general meeting in accordance with Swiss law. On May 15, 2024, shareholders of Bunge Global SA approved a cash dividend distribution in the amount of $2.72 per share, payable in four equal quarterly installments of $0.68 per share beginning in the second quarter of fiscal year 2024 and ending in the first quarter of fiscal year 2025.
Upon approval of a dividend, the obligation is reflected in Other current liabilities with a corresponding reduction in Retained earnings in the condensed consolidated balance sheet. At June 30, 2024 and December 31, 2023, the unpaid portion of the dividends accrued in Other current liabilities on the condensed consolidated balance sheets totaled $289 million and $96 million, respectively, see Note 10- Other Current Liabilities.
Accumulated other comprehensive income (loss) attributable to Bunge — The following table summarizes the balances of related after-tax components of Accumulated other comprehensive income (loss) attributable to Bunge:
(US$ 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, 2024$(5,664)$(410)$(120)$(6,194)
Other comprehensive income (loss) before reclassifications(341)87  (254)
Amount reclassified from accumulated other comprehensive income (loss) 2  2 
Balance, June 30, 2024$(6,005)$(321)$(120)$(6,446)
(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 reclassifications147 (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, January 1, 2024$(5,489)$(445)$(120)$(6,054)
Other comprehensive income (loss) before reclassifications(516)125  (391)
Amount reclassified from accumulated other comprehensive income (loss) (1) (1)
Balance, June 30, 2024$(6,005)$(321)$(120)$(6,446)
(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 reclassifications269 (92)— 177 
Amount reclassified from accumulated other comprehensive income (loss)103 — — 103 
Balance, June 30, 2023$(5,554)$(435)$(102)$(6,091)