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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2024
Financial Instruments And Fair Value Measurements [Abstract]  
Schedule of Hierarchy Levels that may be Used to Measure Fair Value The fair value standard describes three levels within its hierarchy that may be used to measure fair value.
LevelDescriptionFinancial Instrument (Assets / Liabilities)
Level 1Quoted prices (unadjusted) in active markets for identical assets or liabilities. Exchange traded derivative contracts.

Marketable securities in active markets.
Level 2Observable inputs, including adjusted Level 1 quotes, quoted prices for similar assets or liabilities, quoted prices in markets that are less active than traded exchanges and other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Exchange traded derivative contracts (less liquid markets).

Readily marketable inventories.

Over-the-counter ("OTC") commodity purchase and sales contracts.

OTC derivatives whose value is determined using pricing models with inputs that are generally based on exchange traded prices, adjusted for location specific inputs that are primarily observable in the market or can be derived principally from or corroborated by observable market data.

Marketable securities in less active markets.
Level 3Unobservable inputs that are supported by little or no market activity and that are a significant component of the fair value of the assets or liabilities. Assets and liabilities whose value is determined using proprietary pricing models, discounted cash flow methodologies or similar techniques.

Assets and liabilities for which the determination of fair value requires significant management judgment or estimation.
Schedule of Assets and Liabilities Accounted for at Fair Value on a Recurring Basis
The following table sets forth, by level, the Company’s assets and liabilities that were accounted for at fair value on a recurring basis.
 Fair Value Measurements at Reporting Date
 June 30, 2024December 31, 2023
(US$ in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:        
Cash equivalents $50 $81 $— $131 $315 $149 $— $464 
Readily marketable inventories (Note 5)— 5,514 1,262 6,776 — 5,175 662 5,837 
Trade accounts receivable (1)
— 1 — 1 — 1 — 1 
Unrealized gain on derivative contracts (2):
      
Interest rate— 9 — 9 — 12 — 12 
Foreign exchange— 426 — 426 — 253 — 253 
Commodities53 614 35 702 198 737 88 1,023 
Freight55 — — 55 80 — — 80 
Energy63 — — 63 114 — — 114 
Credit— 2 — 2 — — — — 
Other (3)
60 60 — 120 40 39 — 79 
Total assets$281 $6,707 $1,297 $8,285 $747 $6,366 $750 $7,863 
Liabilities:        
Trade accounts payable (1)
$— $531 $377 $908 $— $591 $232 $823 
Unrealized loss on derivative contracts (4):
        
Interest rate— 289 — 289 1 273 — 274 
Foreign exchange— 367 — 367 — 223 — 223 
Commodities80 424 22 526 166 417 17 600 
Freight84 — — 84 68 — — 68 
Energy58 1 — 59 132 1 — 133 
Credit— 2 — 2 — — — — 
Total liabilities$222 $1,614 $399 $2,235 $367 $1,505 $249 $2,121 
(1)    These receivables and payables are hybrid financial instruments for which Bunge has elected the fair value option as they are derived from purchases and sales of agricultural commodity products in the normal course of business.
(2)    Unrealized gains on derivative contracts are generally included in Other current assets. There were $1 million included in Other non-current assets at June 30, 2024, and December 31, 2023, respectively.
(3)    Other includes the fair values of marketable securities and investments in Other current assets and Other non-current assets.
(4)    Unrealized losses on derivative contracts are generally included in Other current liabilities. There were $281 million and $260 million included in Other non-current liabilities at June 30, 2024, and December 31, 2023, respectively.
Schedule of Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
The tables below present reconciliations for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three and six months ended June 30, 2024, and 2023. These instruments were valued using pricing models that management believes reflect the assumptions that would be used by a marketplace participant.
Three Months Ended June 30, 2024
(US$ in millions)
Readily
Marketable
Inventories(2)
Derivatives,
Net		Trade
Accounts
Payable		Total
Balance, April 1, 2024$976 $26 $(604)$398 
Total gains and losses (realized/unrealized) included in Cost of goods sold (1)
208 (15)5 198 
Purchases630 — (46)584 
Sales(548)— — (548)
Settlements— — 235 235 
Transfers into Level 3300 (1)(78)221 
Transfers out of Level 3(223)3 50 (170)
Translation adjustment(81)— 61 (20)
Balance, June 30, 2024$1,262 $13 $(377)$898 
(1)    Readily marketable inventories, derivatives, net, and Trade accounts payable, include gains/(losses) of $154 million, $(16) million and $6 million, respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2024.
(2)    Effective January 1, 2024, the Company changed its reporting of purchases and sales activity within the readily marketable inventories Level 3 reconciliation to align with the Company's value chain trade flows and intended use, which had no net impact on Level 3 readily marketable inventories period end balances. Prior period activity has been reclassified to conform to current presentation.
Three Months Ended June 30, 2023
(US$ in millions)
Readily
Marketable
Inventories(2)
Derivatives,
Net		Trade
Accounts Payable
Other (3)
Total
Balance, April 1, 2023$1,308 $47 $(494)$27 $888 
Total gains and losses (realized/unrealized) included in Cost of goods sold (1)
192 (56)9 — 145 
Total gains and losses (realized/unrealized) included in Other income (expense) - net— — — (2)(2)
Purchases991 — (89)— 902 
Sales(694)— — (14)(708)
Settlements— — 131 — 131 
Transfers into Level 3364 26 (10)— 380 
Transfers out of Level 3(836)(8)42 — (802)
Translation adjustment59 — (26)— 33 
Balance, June 30, 2023$1,384 $9 $(437)$11 $967 
(1)    Readily marketable inventories, derivatives, net, and Trade accounts payable, includes gains/(losses) of $219 million, $(32) million and $9 million, respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2023.
(2)    Effective January 1, 2024, the Company changed its reporting of purchases and sales activity within the readily marketable inventories Level 3 reconciliation to align with the Company's value chain trade flows and intended use, which had no net impact on Level 3 readily marketable inventories period end balances. Prior period activity has been reclassified to conform to current presentation.
(3)    Comprises the fair values of marketable securities and investments in Other current assets. Included within Other income (expense) - net of the condensed consolidated statements of income are $16 million mark-to-market losses related to securities still held at June 30, 2023.
Six Months Ended June 30, 2024
(US$ in millions)
Readily
Marketable
Inventories(2)
Derivatives,
Net		Trade
Accounts
Payable		Total
Balance, January 1, 2024$662 $71 $(232)$501 
Total gains and losses (realized/unrealized) included in Cost of goods sold (1)
427 (60)12 379 
Purchases1,379 — (428)951 
Sales(1,150)— — (1,150)
Settlements— — 308 308 
Transfers into Level 3712 4 (165)551 
Transfers out of Level 3(675)(2)60 (617)
Translation adjustment(93)— 68 (25)
Balance, June 30, 2024$1,262 $13 $(377)$898 
(1)    Readily marketable inventories, derivatives, net, and Trade accounts payable, include gains/(losses) of $364 million, $(38) million and $13 million, respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2024.
(2)    Effective January 1, 2024, the Company changed its reporting of purchases and sales activity within the readily marketable inventories Level 3 reconciliation to align with the Company's value chain trade flows and intended use, which had no net impact on Level 3 readily marketable inventories period end balances. Prior period activity has been reclassified to conform to current presentation.

Six Months Ended June 30, 2023
(US$ in millions)
Readily
Marketable
Inventories(2)
Derivatives,
Net		Trade
Accounts Payable
Other(3)
Total
Balance, January 1, 2023$412 $51 $(130)$27 $360 
Total gains and losses (realized/unrealized) included in Cost of goods sold (1)
365 (71)18 — 312 
Total gains and losses (realized/unrealized) included in Other income (expense) - net— — — (2)(2)
Purchases2,212 — (429)— 1,783 
Sales(1,515)— — (14)(1,529)
Settlements— — 171 — 171 
Transfers into Level 31,208 29 (81)— 1,156 
Transfers out of Level 3(1,362)— 42 — (1,320)
Translation adjustment64 — (28)— 36 
Balance, June 30, 2023$1,384 $9 $(437)$11 $967 
(1)    Readily marketable inventories, derivatives, net, and Trade accounts payable, includes gains/(losses) of $444 million, $(42) million and $19 million, respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2023.
(2)    Effective January 1, 2024, the Company changed its reporting of purchases and sales activity within the readily marketable inventories Level 3 reconciliation to align with the Company's value chain trade flows and intended use, which had no net impact on Level 3 readily marketable inventories period end balances. Prior period activity has been reclassified to conform to current presentation.
(3)    Comprises the fair values of marketable securities and investments in Other current assets. Included within Other income (expense) - net of the condensed consolidated statements of income are $16 million in mark-to-market losses related to securities still held at June 30, 2023.
Schedule of Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
The tables below present reconciliations for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three and six months ended June 30, 2024, and 2023. These instruments were valued using pricing models that management believes reflect the assumptions that would be used by a marketplace participant.
Three Months Ended June 30, 2024
(US$ in millions)
Readily
Marketable
Inventories(2)
Derivatives,
Net		Trade
Accounts
Payable		Total
Balance, April 1, 2024$976 $26 $(604)$398 
Total gains and losses (realized/unrealized) included in Cost of goods sold (1)
208 (15)5 198 
Purchases630 — (46)584 
Sales(548)— — (548)
Settlements— — 235 235 
Transfers into Level 3300 (1)(78)221 
Transfers out of Level 3(223)3 50 (170)
Translation adjustment(81)— 61 (20)
Balance, June 30, 2024$1,262 $13 $(377)$898 
(1)    Readily marketable inventories, derivatives, net, and Trade accounts payable, include gains/(losses) of $154 million, $(16) million and $6 million, respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2024.
(2)    Effective January 1, 2024, the Company changed its reporting of purchases and sales activity within the readily marketable inventories Level 3 reconciliation to align with the Company's value chain trade flows and intended use, which had no net impact on Level 3 readily marketable inventories period end balances. Prior period activity has been reclassified to conform to current presentation.
Three Months Ended June 30, 2023
(US$ in millions)
Readily
Marketable
Inventories(2)
Derivatives,
Net		Trade
Accounts Payable
Other (3)
Total
Balance, April 1, 2023$1,308 $47 $(494)$27 $888 
Total gains and losses (realized/unrealized) included in Cost of goods sold (1)
192 (56)9 — 145 
Total gains and losses (realized/unrealized) included in Other income (expense) - net— — — (2)(2)
Purchases991 — (89)— 902 
Sales(694)— — (14)(708)
Settlements— — 131 — 131 
Transfers into Level 3364 26 (10)— 380 
Transfers out of Level 3(836)(8)42 — (802)
Translation adjustment59 — (26)— 33 
Balance, June 30, 2023$1,384 $9 $(437)$11 $967 
(1)    Readily marketable inventories, derivatives, net, and Trade accounts payable, includes gains/(losses) of $219 million, $(32) million and $9 million, respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2023.
(2)    Effective January 1, 2024, the Company changed its reporting of purchases and sales activity within the readily marketable inventories Level 3 reconciliation to align with the Company's value chain trade flows and intended use, which had no net impact on Level 3 readily marketable inventories period end balances. Prior period activity has been reclassified to conform to current presentation.
(3)    Comprises the fair values of marketable securities and investments in Other current assets. Included within Other income (expense) - net of the condensed consolidated statements of income are $16 million mark-to-market losses related to securities still held at June 30, 2023.
Six Months Ended June 30, 2024
(US$ in millions)
Readily
Marketable
Inventories(2)
Derivatives,
Net		Trade
Accounts
Payable		Total
Balance, January 1, 2024$662 $71 $(232)$501 
Total gains and losses (realized/unrealized) included in Cost of goods sold (1)
427 (60)12 379 
Purchases1,379 — (428)951 
Sales(1,150)— — (1,150)
Settlements— — 308 308 
Transfers into Level 3712 4 (165)551 
Transfers out of Level 3(675)(2)60 (617)
Translation adjustment(93)— 68 (25)
Balance, June 30, 2024$1,262 $13 $(377)$898 
(1)    Readily marketable inventories, derivatives, net, and Trade accounts payable, include gains/(losses) of $364 million, $(38) million and $13 million, respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2024.
(2)    Effective January 1, 2024, the Company changed its reporting of purchases and sales activity within the readily marketable inventories Level 3 reconciliation to align with the Company's value chain trade flows and intended use, which had no net impact on Level 3 readily marketable inventories period end balances. Prior period activity has been reclassified to conform to current presentation.

Six Months Ended June 30, 2023
(US$ in millions)
Readily
Marketable
Inventories(2)
Derivatives,
Net		Trade
Accounts Payable
Other(3)
Total
Balance, January 1, 2023$412 $51 $(130)$27 $360 
Total gains and losses (realized/unrealized) included in Cost of goods sold (1)
365 (71)18 — 312 
Total gains and losses (realized/unrealized) included in Other income (expense) - net— — — (2)(2)
Purchases2,212 — (429)— 1,783 
Sales(1,515)— — (14)(1,529)
Settlements— — 171 — 171 
Transfers into Level 31,208 29 (81)— 1,156 
Transfers out of Level 3(1,362)— 42 — (1,320)
Translation adjustment64 — (28)— 36 
Balance, June 30, 2023$1,384 $9 $(437)$11 $967 
(1)    Readily marketable inventories, derivatives, net, and Trade accounts payable, includes gains/(losses) of $444 million, $(42) million and $19 million, respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2023.
(2)    Effective January 1, 2024, the Company changed its reporting of purchases and sales activity within the readily marketable inventories Level 3 reconciliation to align with the Company's value chain trade flows and intended use, which had no net impact on Level 3 readily marketable inventories period end balances. Prior period activity has been reclassified to conform to current presentation.
(3)    Comprises the fair values of marketable securities and investments in Other current assets. Included within Other income (expense) - net of the condensed consolidated statements of income are $16 million in mark-to-market losses related to securities still held at June 30, 2023.