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ACQUISITIONS AND DISPOSITIONS | 6 Months Ended
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Jun. 30, 2026
Business Combination, Asset Acquisition And Discontinued Operations and Disposal Groups [Abstract] |
ACQUISITIONS AND DISPOSITIONS | ACQUISITIONS AND DISPOSITIONS Acquisitions Viterra Limited Business Combination Agreement On July 2, 2025, Bunge completed its previously announced Acquisition of Viterra in a stock and cash transaction pursuant to a definitive business combination agreement (the "Business Combination Agreement") with Viterra and its shareholders including certain affiliates of Glencore PLC, Canada Pension Plan Investment Board, and British Columbia Investment Management Corporation (collectively, the "Sellers"). The Acquisition of Viterra creates a premier global agribusiness solutions company for food, feed and fuel, well positioned to meet the demands of increasingly complex markets and better serve farmers and end-customers. Pursuant to the terms of the Business Combination Agreement, Viterra shareholders received approximately 65.6 million registered shares of Bunge, with an aggregate value of approxima tely $5.3 billion as of July 2, 2025, and approximately $1.9 billion in cash, in return for 100% of the outstanding equity of Viterra. The cash consideration was financed through a combination of cash on hand and Bunge's existing debt instruments. Upon the closing of the Acqu isition, the Sellers owned approximately 33% of Bunge's registered s hares. The following table summarizes the total purchase consideration transferred in exchange for 100% of the outstanding equity and repayment of certain debt of Viterra:
(US$ in millions) |
Fair value of Bunge stock issued (1) | $ | 5,340 |
Cash consideration (2) | 1,880 |
Repayment of certain debt of Viterra | 3,554 |
Effective settlement of pre-existing relationships | (157) |
Total purchase consideration | $ | 10,617 |
(1) Based on Bunge's closing share price on the New York Stock Exchange as of July 2, 2025 of $81.39 per share. (2) Represents the base amount of cash consideration transferred to the Sellers, adjusted for certain items per the terms of the Business Combination Agreement. Fair Values of Assets Acquired and Liabilities Assumed The Acquisition of Viterra is accounted for as a business combination using the acquisition method of accounting. Bunge finalized the valuation of the assets acquired and liabilities assumed during the second quarter of 2026. Measurement period adjustments were recorded in the period determined, as if they had been completed at the Acquisition date. During the measurement period, Bunge recorded adjustments resulting in an increase to goodwill of $574 million, primarily related to the valuations of Property, plant and equipment and Investments in affiliates. The measurement period adjustments did not have a material impact on Bunge's condensed consolidated statements of income. The following table summarizes the final allocation of the fair value of assets acquired and liabilities assumed as of the Acquisition date, as included in Bunge's condensed consolidated balance sheet.
(US$ in millions) | July 2, 2025
Cash and cash equivalents | $ | 1,143 |
Time deposits under trade structured finance program | 481 |
Trade accounts receivable | 1,301 |
Inventories | 5,720 |
Assets held for sale | 688 |
Other current assets | 2,575 |
Property, plant and equipment | 5,025 |
Operating lease assets | 781 |
Other intangible assets (1) | 24 |
Investments in affiliates | 378 |
Deferred income taxes | 191 |
Other non-current assets | 256 |
Total assets acquired | 18,563 |
Liabilities |
Short-term debt | 1,131 |
Current portion of long-term debt (2) | 1,231 |
Letter of credit obligations under trade structured finance program | 481 |
Trade accounts payable | 1,520 |
Current operating lease obligations | 248 |
Liabilities held for sale | 227
Other current liabilities | 2,050 |
Long-term debt (2) | 2,206 |
Deferred income taxes | 622 |
Non-current operating lease obligations | 482 |
Other non-current liabilities | 288 |
Net assets acquired | 8,077 |
Less: Noncontrolling interests | (340) |
Goodwill (3) | 2,880 |
Fair value of consideration transferred | $ | 10,617 |
(1) Other intangible assets primarily consists of a trademark with a useful life of one year. (2) Debt is required to be measured at fair value under the acquisition method of accounting. The fair value of Viterra's aggregate principal of $1.95 billion notes and 1.2 billion Euro notes assumed in the Acquisition was $3.3 billion. The $97 million discount to par value will accrete to interest expense over the remaining term of the notes. (3) Goodwill was assigned to reportable segments as follows, $1,156 million to Softseed Processing and Refining, $896 million to Soybean Processing and Refining, and $828 million to Grain Merchandising and Milling. The goodwill is primarily attributable to expected synergies and the assembled workforce of Viterra. None of the goodwill is expected to be deductible for income tax purposes. Goodwill is not amortized to earnings but instead will be reviewed at least annually for impairment. International Flavors and Fragrances Purchase Agreement On August 5, 2025, Bunge entered into an asset purchase agreement with Solae, L.L.C. to acquire substantially all assets related to the lecithin, soy protein concentrate and crush businesses of International Flavors and Fragrances, Inc. ("IFF"). On March 1, 2026, the acquisition closed in accordance with the terms of the agreement in exchange for total cash consideration of $105 million, subject to the finalization of certain acquisition closing adjustments. The acquisition of these certain businesses of IFF is accounted for as a business combination using the acquisition method of accounting that requires assets acquired and liabilities assumed to be recognized at their acquisition date fair value. The valuation of the assets acquired and liabilities assumed has not yet been finalized, and as a result, preliminary estimates have been recorded and are subject to change. Any necessary adjustments from Bunge's preliminary estimates will be finalized within one year from the date of the acquisition completion. Measurement period adjustments will be recorded in the period determined, as if it had been completed at the acquisition date. The following table summarizes the preliminary allocation of the fair value of assets acquired and liabilities assumed as of the acquisition date, as included in Bunge's condensed consolidated balance sheet. Net assets acquired were primarily recorded in the Tropical Oils and Specialty Ingredients and Soybean Processing and Refining segments.
(US$ in millions) | March 1, 2026 |
Trade accounts receivable | $ | 24 |  |
Inventories | 48 |  |
Other current assets | 9 |  |
Property, plant and equipment, net | 60 |  |
Intangibles | 8 |  |
Total assets acquired | 149 |  |
Liabilities |  |
Trade accounts payable and accrued liabilities | 39 |  |
Other current liabilities | 6 |  |
Net assets acquired | 104 |  |
Goodwill | 1 |  |
Fair value of consideration transferred | $ | 105 |  |
Dispositions European Margarines and Spreads Business Disposition On March 21, 2025, Bunge entered into an agreement to sell its European margarines and spreads business to Vandemoortele Lipids NV for cash proceeds of approximately $239 million, subject to certain closing adjustments. Completion of the sale is subject to customary closing conditions, including regulatory approval, and it is anticipated to close in 2026. The following table presents the disposal group's major classes of assets and liabilities included in Assets held for sale and Liabilities held for sale, respectively, on the condensed consolidated balance sheet as of June 30, 2026. Intercompany balances between the disposal group and other Bunge consolidated entities have been omitted. Assets held for sale comprise $200 million and $2 million under the Tropical Oils and Specialty Ingredients segment and Corporate and Other, respectively. Liabilities held for sale comprise $60 million and $2 million under the Tropical Oils and Specialty Ingredients segment and Corporate and Other, respectively.
(US$ in millions) | June 30, 2026 |
Trade accounts receivable | $ | 41 |  |
Inventories | 38 |  |
Other current assets | 18 |  |
Property, plant and equipment, net | 89 |  |
Operating lease assets | 2 |  |
Goodwill & Other intangible assets, net | 12 |  |
Other non-current assets | 2 |  |
Total assets held for sale | $ | 202 |  |
Trade accounts payable and accrued liabilities | $ | 49 |  |
Other current liabilities | 1 |  |
Deferred income taxes | 1 |  |
Other non-current liabilities | 11 |  |
Total liabilities held for sale | $ | 62 |  |
Partnership with Repsol - Bunge Iberica SA On March 26, 2024, Bunge entered into a definitive stock purchase agreement with Repsol Industrial Transformation, SLU, a wholly owned subsidiary of Repsol SA ("Repsol"), whereby Bunge agreed to divest 40% of its Spanish operating subsidiary, Bunge Iberica SA ("BISA"). BISA operates three industrial facilities in the Iberian Peninsula. On March 4, 2025, the transaction closed in accordance with the terms of the definitive stock purchase agreement for a total net amount of approximately $206 million in cash and $80 million in deferred consideration. Following transaction close, Bunge retains a controlling financial interest in BISA and continues to consolidate the entity. On April 1, 2026, Bunge collected $80 million in deferred consideration, which is recognized as a financing cash inflow within Sale of redeemable noncontrolling interest in the condensed consolidated statement of cash flows.

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- Definition Business Combination, Asset Acquisition And Discontinued Operations and Disposal Groups + References No definition available. + Details
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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent + Details
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