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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment revenues generated from these transfers are shown in the following table as “Inter-segment revenues.”

			Three Months Ended June 30, 2024
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Corporate and Other			Eliminations			Total
Net sales to external customers			$	9,657		$	3,121		$	401		$	49		$	13		$	—		$	13,241
Inter–segment revenues			1,841			46			11			—			—			(1,898)			—
Cost of goods sold			(9,368)			(2,806)			(335)			(48)			(20)			—			(12,577)
Gross profit			289			315			66			1			(7)			—			664
Selling, general and administrative expenses			(150)			(100)			(24)			(1)			(174)			—			(449)
Foreign exchange (losses) gains – net			(39)			(2)			(2)			—			6			—			(37)
EBIT - Noncontrolling interests (1)			7			(12)			—			—			1			—			(4)
Other income (expense) - net			56			(16)			(1)			—			18			—			57
Income (loss) from affiliates			(25)			—			(1)			(21)			1			—			(46)
Total Segment EBIT (2)			138			185			38			(21)			(155)			—			185
Total assets			16,997			3,840			885			462			2,244			—			24,428

			Three Months Ended June 30, 2023
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Corporate and Other			Eliminations			Total
Net sales to external customers			$	10,875		$	3,601		$	490		$	72		$	11		$	—		$	15,049
Inter–segment revenues			1,999			56			—			—			—			(2,055)			—
Cost of goods sold			(9,878)			(3,268)			(450)			(70)			(18)			—			(13,684)
Gross profit			997			333			40			2			(7)			—			1,365
Selling, general and administrative expenses			(151)			(98)			(24)			—			(147)			—			(420)
Foreign exchange (losses) gains – net			(64)			5			(1)			—			(6)			—			(66)
EBIT - Noncontrolling interests (1)			1			(7)			1			—			1			—			(4)
Other income (expense) - net			7			(16)			(2)			2			21			—			12
Income (loss) from affiliates			(5)			—			—			47			(17)			—			25
Total Segment EBIT (2)			785			217			14			51			(155)			—			912
Total assets			17,789			3,883			1,086			382			2,572			—			25,712

			Six Months Ended June 30, 2024
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Corporate and Other			Eliminations			Total
Net sales to external customers			$	19,397		$	6,361		$	782		$	92		$	26		$	—		$	26,658
Inter–segment revenues			3,597			117			81			—			—			(3,795)			—
Cost of goods sold			(18,654)			(5,687)			(656)			(90)			(31)			—			(25,118)
Gross profit			743			674			126			2			(5)			—			1,540
Selling, general and administrative expenses			(305)			(200)			(49)			(1)			(333)			—			(888)
Foreign exchange (losses) gains			(101)			(13)			(2)			—			1			—			(115)
EBIT - Noncontrolling interests (1)			10			(18)			—			—			2			—			(6)
Other income (expense) - net			109			(32)			(3)			—			51			—			125
Income (loss) from affiliates			(40)			—			(1)			2			1			—			(38)
Total Segment EBIT (2)			416			411			71			3			(283)			—			618
Total assets			16,997			3,840			885			462			2,244			—			24,428

			Six Months Ended June 30, 2023
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Corporate and Other			Eliminations			Total
Net sales to external customers			$	21,727		$	7,489		$	1,005		$	136		$	20		$	—		$	30,377
Inter–segment revenues			4,155			93			164			—			—			(4,412)			—
Cost of goods sold			(19,922)			(6,814)			(934)			(134)			(27)			—			(27,831)
Gross profit			1,805			675			71			2			(7)			—			2,546
Selling, general and administrative expenses			(283)			(193)			(45)			—			(252)			—			(773)
Foreign exchange (losses) gains			(25)			10			(1)			—			(1)			—			(17)
EBIT - Noncontrolling interests (1)			(20)			(11)			1			—			1			—			(29)
Other income (expense) - net			18			(31)			(3)			2			41			—			27
Income (loss) from affiliates			(5)			—			—			66			(17)			—			44
Total Segment EBIT (2)			1,490			450			23			70			(235)			—			1,798
Total assets			17,789			3,883			1,086			382			2,572			—			25,712

(1)     Includes Net (income) attributable to noncontrolling interests and redeemable noncontrolling interests adjusted for noncontrolling interests' share of interest and taxes.

(2)     Total Segment earnings before interest and taxes ("EBIT") is an operating performance measure used by Bunge’s management to evaluate segment operating activities. Bunge’s management believes Total Segment EBIT is a useful measure of operating profitability, since the measure allows for an evaluation of the performance of its segments without regard to its financing methods or capital structure. In addition, EBIT is a financial measure that is widely used by analysts and investors in Bunge’s industry. Total Segment EBIT is a non-GAAP financial measure and is not intended to replace Net income (loss) attributable to Bunge, the most directly comparable U.S. GAAP financial measure. Further, Total Segment EBIT is not a measure of consolidated operating results under U.S. GAAP and should not be considered as an alternative to Net income (loss) or any other measure of consolidated operating results under U.S. GAAP. See the reconciliation of Total Segment EBIT to Net income (loss) attributable to Bunge in the table below.

Schedule of Reconciliation of Total Segment EBIT to Net Income Attributable to Bunge

A reconciliation of Net income (loss) attributable to Bunge to Total Segment EBIT follows:

			Three Months Ended June 30,												Six Months Ended June 30,
(US$ in millions)			2024						2023						2024						2023
Net income (loss) attributable to Bunge			$	70					$	622					$	314					$	1,254
Interest income			(37)						(40)						(79)						(83)
Interest expense			123						129						231						241
Income tax expense (benefit)			30						198						147						381
Noncontrolling interests' share of interest and tax			(1)						3						5						5
Total Segment EBIT			$	185					$	912					$	618					$	1,798

Schedule of Net Sales by Product Group to External Customers

The following tables provide a disaggregation of Net sales to external customers between sales from commodity contracts (ASC 815) and sales from contracts with customers (ASC 606):

			Three Months Ended June 30, 2024
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Corporate and Other			Total
Sales from commodity contracts (ASC 815)			$	9,185		$	273		$	1		$	48		$	—		$	9,507
Sales from contracts with customers (ASC 606)			472			2,848			400			1			13			3,734
Net sales to external customers			$	9,657		$	3,121		$	401		$	49		$	13		$	13,241

			Three Months Ended June 30, 2023
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Corporate and Other			Total
Sales from commodity contracts (ASC 815)			$	10,293		$	262		$	41		$	70		$	—		$	10,666
Sales from contracts with customers (ASC 606)			582			3,339			449			2			11			4,383
Net sales to external customers			$	10,875		$	3,601		$	490		$	72		$	11		$	15,049

			Six Months Ended June 30, 2024
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Corporate and Other			Total
Sales from commodity contracts (ASC 815)			$	18,470		$	419		$	1		$	90		$	—		$	18,980
Sales from contracts with customers (ASC 606)			927			5,942			781			2			26			7,678
Net sales to external customers			$	19,397		$	6,361		$	782		$	92		$	26		$	26,658

			Six Months Ended June 30, 2023
(US$ in millions)			Agribusiness			Refined and Specialty Oils			Milling			Sugar and Bioenergy			Corporate and Other			Total
Sales from commodity contracts (ASC 815)			$	20,582		$	440		$	115		$	134		$	—		$	21,271
Sales from contracts with customers (ASC 606)			1,145			7,049			890			2			20			9,106
Net sales to external customers			$	21,727		$	7,489		$	1,005		$	136		$	20		$	30,377

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