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TRADE ACCOUNTS RECEIVABLE AND TRADE RECEIVABLES SECURITIZATION PROGRAM (Tables)

6 Months Ended

Jun. 30, 2024

Transfers and Servicing [Abstract]

Schedule of Changes to the Allowance for Lifetime Expected Credit Losses Related to Trade Accounts Receivable

Changes to the allowance for expected credit losses related to Trade accounts receivable were as follows:

			Six Months Ended June 30, 2024
Rollforward of the Allowance for Credit Losses (US$ in millions)			Short-term			Long-term (1)			Total
Allowance as of January 1, 2024			$	104		$	32		$	136
Current period provisions			25			—			25
Recoveries			(26)			—			(26)
Write-offs charged against the allowance			(7)			(1)			(8)
Foreign exchange translation differences			(4)			(3)			(7)
Allowance as of June 30, 2024			$	92		$	28		$	120

(1)     Long-term portion of the allowance for credit losses is included in Other non-current assets.

			Six Months Ended June 30, 2023
Rollforward of the Allowance for Credit Losses (US$ in millions)			Short-term			Long-term (1)			Total
Allowance as of January 1, 2023			$	90		$	46		$	136
Current period provisions			39			—			39
Recoveries			(33)			(1)			(34)
Write-offs charged against the allowance			(1)			(12)			(13)
Foreign exchange translation differences			2			1			3
Allowance as of June 30, 2023			$	97		$	34		$	131

(1)     Long-term portion of the allowance for credit losses is included in Other non-current assets.

Schedule of Assets that Continue to be Recognized, Transferred Financial Assets and Other Financial Assets Managed Together

(US$ in millions)			June 30, 2024						December 31, 2023
Receivables sold which were derecognized from Bunge's balance sheet			$	1,161					$	1,230
Receivables pledged to the administrative agent and included in Trade accounts receivable			$	249					$	343

The table below summarizes the cash flows and discounts of Bunge’s trade receivables associated with the Program. Servicing fees under the Program were not significant in any period.

			Six Months Ended June 30,
(US$ in millions)			2024						2023
Gross receivables sold			$	5,724					$	6,901
Proceeds received in cash related to transfers of receivables			$	5,704					$	6,872
Cash collections from customers on receivables previously sold			$	5,793					$	6,901
Discounts related to gross receivables sold included in Selling, general & administrative expenses			$	20					$	29

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- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

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- Definition

Tabular disclosure of transferred financial assets that continue to be recognized and other financial assets that it manages together with them. Includes, but is not limited to, delinquencies and credit losses, after recoveries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

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- References

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