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TRADE ACCOUNTS RECEIVABLE AND TRADE RECEIVABLES SECURITIZATION PROGRAM | 6 Months Ended
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Jun. 30, 2026
Transfers and Servicing [Abstract] |
TRADE ACCOUNTS RECEIVABLE AND TRADE RECEIVABLES SECURITIZATION PROGRAM | TRADE ACCOUNTS RECEIVABLE AND TRADE RECEIVABLES SECURITIZATION PROGRAM Trade Accounts Receivable Changes to the allowance for expected credit losses related to Trade accounts receivable were as follows:
| Six Months Ended June 30, 2026
Rollforward of the Allowance for Credit Losses (US$ in millions) | Short-term | Long-term (1) | Total
Allowance as of January 1, 2026 | $ | 156 |  | $ | 41 |  | $ | 197 |
Current period provisions | 50 |  | 2 |  | 52 |
Recoveries | (33) |  | (1) |  | (34) |
Write-offs charged against the allowance | (16) |  | (9) |  | (25) |
Foreign exchange translation differences | 4 |  | 1 |  | 5 |
Allowance as of June 30, 2026 | $ | 161 |  | $ | 34 |  | $ | 195 |
(1) Long-term portion of the allowance for credit losses is included in Other non-current assets.
| Six Months Ended June 30, 2025
Rollforward of the Allowance for Credit Losses (US$ in millions) | Short-term | Long-term (1) | Total
Allowance as of January 1, 2025 | $ | 89 |  | $ | 24 |  | $ | 113 |
Current period provisions | 19 |  | — |  | 19 |
Recoveries | (20) |  | — |  | (20) |
Write-offs charged against the allowance | (13) |  | — |  | (13) |
Foreign exchange translation differences | 3 |  | 1 |  | 4 |
Allowance as of June 30, 2025 | $ | 78 |  | $ | 25 |  | $ | 103 |
(1) Long-term portion of the allowance for credit losses is included in Other non-current assets. Trade Receivables Securitization Program Bunge and certain of its subsidiaries participate in a trade receivables securitization program (the "Program") with a financial institution, as administrative agent, and certain commercial paper conduit purchasers and committed purchasers (collectively, the "Purchasers"). Koninklijke Bunge B.V., a wholly owned subsidiary of Bunge, acts as master servicer, responsible for servicing and collecting the accounts receivable for the Program. The Program is designed to enhance Bunge’s financial flexibility by providing an additional source of liquidity for its operations. On March 31, 2026, Bunge and certain of its subsidiaries amended the Program which increased its aggregate size by $500 million to an aggregate of $2.0 billion. The amendment also decreased the size of the accordion feature under the Program, which allows Bunge to request one or more of the existing committed purchasers or new committed purchasers to increase the total commitments, by $500 million reducing from $1.0 billion to $500 million. The Program will terminate on May 17, 2031; however, each committed purchaser's commitment to purchase trade receivables under the Program will terminate earlier on December 16, 2026, with a feature that permits Bunge to request 364-day extensions. Under the Program's pledge structure, Bunge Securitization B.V. ("BSBV"), a consolidated bankruptcy remote special purpose entity, transfers certain trade receivables to the Purchasers in exchange for a cash payment up to the aggregate size of the Program. BSBV also retains ownership of a population of unsold receivables. BSBV agrees to guarantee the collection of sold receivables and grants a lien to the administrative agent on all unsold receivables. Collections on unsold receivables and guarantee payments are classified as operating activities in Bunge’s condensed consolidated statements of cash flows.
(US$ in millions) | June 30, 2026 |  | December 31, 2025
Receivables sold which were derecognized from Bunge's balance sheet | $ | 1,650 |  |  | $ | 1,174 |
Receivables pledged to the administrative agent and included in Trade accounts receivable | $ | 299 |  |  | $ | 182 |
Bunge's risk of loss following the sale of trade receivables is limited to the assets of BSBV, primarily comprised of unsold receivables pledged to the administrative agent. 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) | 2026 |  | 2025
Gross receivables sold | $ | 8,652 |  |  | $ | 6,166 |
Proceeds received in cash related to transfers of receivables | $ | 8,626 |  |  | $ | 6,141 |
Cash collections from customers on receivables previously sold | $ | 8,176 |  |  | $ | 6,214 |
Discounts related to gross receivables sold included in Selling, general, and administrative expenses | $ | 26 |  |  | $ | 25 |

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- Definition The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 860 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 108 -Publisher FASB -URI 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