XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.26.1

SEGMENT INFORMATION | 6 Months Ended
--- | ---
Jun. 30, 2026
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Effective in the third quarter of 2025, the Company changed its reportable segments to align with its new value chain operational structure as a result of the completion of the Acquisition of Viterra. Further, during the first quarter of 2026, the Other Oilseeds Processing and Refining segment was renamed to Tropical Oils and Specialty Ingredients. The segment name change had no impact on the composition of the Company’s existing four reportable segments, nor the Company’s previously reported segment results and consolidated financial statements. See Note 1 - Basis of Presentation, Principles of Consolidation, and Significant Accounting Policies. Following the changes, the Company's operations are organized, managed, and classified into four reportable segments - Soybean Processing and Refining, Softseed Processing and Refining, Tropical Oils and Specialty Ingredients, and Grain Merchandising and Milling, organized based upon their similar economic characteristics, products and services offered, production processes, types and classes of customer, and distribution methods. The Company’s remaining operations are not reportable segments, as defined by the applicable accounting standard, and are classified as Corporate and Other. The Soybean Processing and Refining segment is a globally integrated business principally involved in the purchase, storage, transportation, processing, distribution, refining, marketing, and sale of soybeans and soybean related products, as well as biodiesel and fertilizer production and distribution. The Softseed Processing and Refining segment is a globally integrated business principally involved in the purchase, storage, transportation, processing, distribution, refining, marketing, and sale of softseeds (canola/rapeseed and sunflower seed) and softseed related products, as well as biodiesel production and distribution. The Tropical Oils and Specialty Ingredients segment is a globally integrated business principally involved in products of a specialty nature, including the purchase, storage, transportation, processing, distribution, refining, marketing, and sale of these related products. The Grain Merchandising and Milling segment involves the purchase, storage, transportation, distribution, and marketing of certain commodities primarily consisting of corn, wheat, barley, cotton, pulses, and sugar; activities also include the milling of wheat and sugar; and related services including ocean freight and financial services. Corporate and Other includes salaries and overhead for corporate functions, including acquisition and integration costs related to the Viterra Acquisition, that are not allocated to the Company’s individual reporting segments because the operating performance of each reporting segment is evaluated by the Company’s chief operating decision maker exclusive of these items, as well as certain other activities including Bunge Ventures, the Company’s captive insurance activities, accounts receivable securitization activities, and certain income tax assets and liabilities. Transfers between the segments are valued at market. The segment revenues generated from these transfers are shown in the following table as "Inter-segment revenues."
| Three Months Ended June 30, 2026
(US$ in millions) | Soybean Processing and Refining | Softseed Processing and Refining | Tropical Oils and Specialty Ingredients | Grain Merchandising and Milling | Eliminations | Total Reportable Segments | Corporate and Other | Total Bunge Consolidated
Net sales to external customers | $ | 12,071 |  | $ | 4,095 |  | $ | 1,259 |  | $ | 6,614 |  | $ | — |  | $ | 24,039 |  | $ | 2 |  | $ | 24,041 |
Inter–segment revenues | 241 |  | 359 |  | 94 |  | 800 |  | (1,494) |  |  |  | — |
Raw materials cost | (10,492) |  | (3,531) |  | (1,075) |  | (6,060) |  | — |  |  | 5 |  | (21,153) |
Industrial expenses- fixed | (279) |  | (147) |  | (90) |  | (160) |  | — |  |  | (1) |  | (677) |
Industrial expenses- variable | (159) |  | (72) |  | (30) |  | (28) |  | — |  |  | — |  | (289) |
Depreciation | (87) |  | (45) |  | (26) |  | (77) |  | — |  |  | (6) |  | (241) |
Selling, general and administrative expenses | (164) |  | (63) |  | (60) |  | (129) |  | — |  |  | (190) |  | (606) |
Other segment items (1) | (86) |  | 36 |  | (2) |  | 13 |  |  |  | 24 |  | (15) |
EBIT | 804 |  | 273 |  | (24) |  | 173 |  | — |  | 1,226 |  | (166) |  | 1,060 |
Depreciation, depletion and amortization | (88) |  | (44) |  | (34) |  | (84) |  | — |  | (250) |  | (6) |  | (256) |
Income (loss) from affiliates | — |  | (2) |  | — |  | 11 |  |  | 9 |  | — |  | 9 |
Total assets | 19,744 |  | 7,595 |  | 4,164 |  | 12,953 |  | — |  | 44,456 |  | 2,326 |  | 46,782 |
Capital expenditures | 217 |  | 41 |  | 122 |  | 57 |  | — |  | 437 |  | 6 |  | 443 |
| Three Months Ended June 30, 2025
(US$ in millions) | Soybean Processing and Refining | Softseed Processing and Refining | Tropical Oils and Specialty Ingredients | Grain Merchandising and Milling | Eliminations | Total Reportable Segments | Corporate and Other | Total Bunge Consolidated
Net sales to external customers | $ | 7,750 |  | $ | 1,531 |  | $ | 1,152 |  | $ | 2,334 |  | $ | — |  | $ | 12,767 |  | $ | 2 |  | $ | 12,769 |
Inter–segment revenues | 133 |  | 295 |  | 81 |  | 329 |  | (838) |  |  | — |  | — |
Raw materials cost | (6,804) |  | (1,349) |  | (979) |  | (2,158) |  | — |  |  | (2) |  | (11,292) |
Industrial expenses- fixed | (213) |  | (77) |  | (75) |  | (67) |  | — |  |  | 2 |  | (430) |
Industrial expenses- variable | (123) |  | (39) |  | (25) |  | (14) |  | — |  |  | — |  | (201) |
Depreciation | (52) |  | (21) |  | (17) |  | (12) |  | — |  |  | (6) |  | (108) |
Selling, general and administrative expenses | (113) |  | (38) |  | (61) |  | (62) |  | — |  |  | (144) |  | (418) |
Other segment items (1) | 15 |  | 12 |  | (5) |  | 166 |  | — |  |  | 30 |  | 218 |
EBIT | 460 |  | 19 |  | (10) |  | 187 |  | — |  | 656 |  | (118) |  | 538 |
Depreciation, depletion and amortization | (52) |  | (21) |  | (25) |  | (12) |  | — |  | (110) |  | (6) |  | (116) |
Income (loss) from affiliates | 2 |  | (1) |  | — |  | 2 |  | — |  | 3 |  | — |  | 3 |
Total assets | 13,347 |  | 2,488 |  | 3,417 |  | 4,102 |  | — |  | 23,354 |  | 7,800 |  | 31,154 |
Capital expenditures | 193 |  | 14 |  | 161 |  | 33 |  | — |  | 401 |  | 5 |  | 406 |
| Six Months Ended June 30, 2026
(US$ in millions) | Soybean Processing and Refining | Softseed Processing and Refining | Tropical Oils and Specialty Ingredients | Grain Merchandising and Milling | Eliminations | Total Reportable Segments | Corporate and Other | Total Bunge Consolidated
Net sales to external customers | $ | 21,623 |  | $ | 7,999 |  | $ | 2,487 |  | $ | 13,791 |  | $ | — |  | $ | 45,900 |  | $ | 2 |  | $ | 45,902 |
Inter–segment revenues | 423 |  | 792 |  | 192 |  | 1,326 |  | (2,733) |  |  |  | — |
Raw materials cost | (19,154) |  | (7,046) |  | (1,980) |  | (12,967) |  | — |  |  | 9 |  | (41,138) |
Industrial expenses- fixed | (545) |  | (280) |  | (172) |  | (296) |  | — |  |  | 1 |  | (1,292) |
Industrial expenses- variable | (301) |  | (150) |  | (57) |  | (52) |  | — |  |  | — |  | (560) |
Depreciation | (171) |  | (87) |  | (52) |  | (142) |  | — |  |  | (13) |  | (465) |
Selling, general and administrative expenses | (307) |  | (124) |  | (121) |  | (256) |  | — |  |  | (329) |  | (1,137) |
Other segment items (1) | (132) |  | 37 |  | (19) |  | 19 |  | — |  |  | 29 |  | (66) |
EBIT | 1,013 |  | 349 |  | 86 |  | 97 |  | — |  | 1,545 |  | (301) |  | 1,244 |
Depreciation, depletion and amortization | (172) |  | (87) |  | (68) |  | (154) |  | — |  | (481) |  | (13) |  | (494) |
Income (loss) from affiliates | 5 |  | (2) |  | — |  | 11 |  | — |  | 14 |  | (2) |  | 12 |
Total assets | 19,744 |  | 7,595 |  | 4,164 |  | 12,953 |  | — |  | 44,456 |  | 2,326 |  | 46,782 |
Capital expenditures | 370 |  | 65 |  | 236 |  | 99 |  | — |  | 770 |  | 9 |  | 779 |
| Six Months Ended June 30, 2025
(US$ in millions) | Soybean Processing and Refining | Softseed Processing and Refining | Tropical Oils and Specialty Ingredients | Grain Merchandising and Milling | Eliminations | Total Reportable Segments | Corporate and Other | Total Bunge Consolidated
Net sales to external customers | $ | 14,411 |  | $ | 3,046 |  | $ | 2,235 |  | $ | 4,718 |  | $ | — |  | $ | 24,410 |  | $ | 2 |  | $ | 24,412 |
Inter–segment revenues | 286 |  | 656 |  | 168 |  | 621 |  | (1,731) |  |  | — |  | — |
Raw materials cost | (12,772) |  | (2,630) |  | (1,878) |  | (4,376) |  | — |  |  | 6 |  | (21,650) |
Industrial expenses- fixed | (413) |  | (141) |  | (142) |  | (129) |  | — |  |  | 9 |  | (816) |
Industrial expenses- variable | (232) |  | (81) |  | (52) |  | (27) |  | — |  |  | — |  | (392) |
Depreciation | (101) |  | (40) |  | (39) |  | (28) |  | — |  |  | (11) |  | (219) |
Selling, general and administrative expenses | (222) |  | (73) |  | (119) |  | (121) |  | — |  |  | (263) |  | (798) |
Other segment items (1) | 60 |  | 20 |  | (10) |  | 196 |  | — |  |  | 63 |  | 329 |
EBIT | 731 |  | 101 |  | (5) |  | 233 |  | — |  | 1,060 |  | (194) |  | 866 |
|  |  |  |  |  |  |  | — |
Depreciation, depletion and amortization | (101) |  | (40) |  | (55) |  | (29) |  | — |  | (225) |  | (11) |  | (236) |
Income (loss) from affiliates | 13 |  | (6) |  | — |  | 1 |  | — |  | 8 |  | — |  | 8 |
Total assets | 13,347 |  | 2,488 |  | 3,417 |  | 4,102 |  | — |  | 23,354 |  | 7,800 |  | 31,154 |
Capital expenditures | 343 |  | 25 |  | 285 |  | 51 |  | — |  | 704 |  | 12 |  | 716 |
(1) Other segment items for each reportable segment includes Foreign exchange gains (losses) – net, Other income (expense) – net, Income (loss) from affiliates, and EBIT – Noncontrolling interests, which includes Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests adjusted for noncontrolling interests' share of interest and taxes. A reconciliation of Total reportable segment EBIT to Income (loss) before income tax follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(US$ in millions) | 2026 |  | 2025 |  | 2026 |  | 2025
Total reportable segment EBIT | $ | 1,226 |  |  | $ | 656 |  |  | $ | 1,545 |  |  | $ | 1,060 |
Corporate and Other EBIT | (166) |  |  | (118) |  |  | (301) |  |  | (194) |
EBIT - Noncontrolling interests | 37 |  |  | 16 |  |  | 50 |  |  | 17 |
Interest income | 43 |  |  | 46 |  |  | 88 |  |  | 105 |
Interest expense | (197) |  |  | (106) |  |  | (378) |  |  | (210) |
Income (loss) before income tax | $ | 943 |  |  | $ | 494 |  |  | $ | 1,004 |  |  | $ | 778 |
The Company’s revenue comprises sales from commodity contracts that are accounted for under ASC 815, Derivatives and Hedging ("ASC 815") and sales of other products and services that are accounted for under ASC 606, Revenue from Contracts with Customers ("ASC 606"). 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, 2026
(US$ in millions) | Soybean Processing and Refining | Softseed Processing and Refining | Tropical Oils and Specialty Ingredients | Grain Merchandising and Milling | Corporate and Other | Total
Sales from commodity contracts (ASC 815) | $ | 10,019 |  | $ | 2,900 |  | $ | 79 |  | $ | 6,113 |  | $ | — |  | $ | 19,111 |
Sales from contracts with customers (ASC 606) | 2,052 |  | 1,195 |  | 1,180 |  | 501 |  | 2 |  | 4,930 |
Net sales to external customers | $ | 12,071 |  | $ | 4,095 |  | $ | 1,259 |  | $ | 6,614 |  | $ | 2 |  | $ | 24,041 |
| Three Months Ended June 30, 2025
(US$ in millions) | Soybean Processing and Refining | Softseed Processing and Refining | Tropical Oils and Specialty Ingredients | Grain Merchandising and Milling | Corporate and Other | Total
Sales from commodity contracts (ASC 815) | $ | 6,172 |  | $ | 686 |  | $ | 60 |  | $ | 1,830 |  | $ | — |  | $ | 8,748 |
Sales from contracts with customers (ASC 606) | 1,578 |  | 845 |  | 1,092 |  | 504 |  | 2 |  | 4,021 |
Net sales to external customers | $ | 7,750 |  | $ | 1,531 |  | $ | 1,152 |  | $ | 2,334 |  | $ | 2 |  | $ | 12,769 |
| Six Months Ended June 30, 2026
(US$ in millions) | Soybean Processing and Refining | Softseed Processing and Refining | Tropical Oils and Specialty Ingredients | Grain Merchandising and Milling | Corporate and Other | Total
Sales from commodity contracts (ASC 815) | $ | 17,766 |  | $ | 5,727 |  | $ | 102 |  | $ | 12,717 |  | $ | — |  | $ | 36,312 |
Sales from contracts with customers (ASC 606) | 3,857 |  | 2,272 |  | 2,385 |  | 1,074 |  | 2 |  | 9,590 |
Net sales to external customers | $ | 21,623 |  | $ | 7,999 |  | $ | 2,487 |  | $ | 13,791 |  | $ | 2 |  | $ | 45,902 |
| Six Months Ended June 30, 2025
(US$ in millions) | Soybean Processing and Refining | Softseed Processing and Refining | Tropical Oils and Specialty Ingredients | Grain Merchandising and Milling | Corporate and Other | Total
Sales from commodity contracts (ASC 815) | $ | 11,531 |  | $ | 1,400 |  | $ | 70 |  | $ | 3,727 |  | $ | — |  | $ | 16,728 |
Sales from contracts with customers (ASC 606) | 2,880 |  | 1,646 |  | 2,165 |  | 991 |  | 2 |  | 7,684 |
Net sales to external customers | $ | 14,411 |  | $ | 3,046 |  | $ | 2,235 |  | $ | 4,718 |  | $ | 2 |  | $ | 24,412 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for segment reporting. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 18: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 19: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 20: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 21: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 22: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration