(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
(Address of principal executive offices) | (zip code) | ||||
(Registrant’s telephone number, including area code) | |||||
N.A. (Former name or former address, if changes since last report) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Exhibit | Description | ||||
Press Release issued on April 27, 2021 | |||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
BUNGE LIMITED | ||||||||||||||
By: | /s/ John W. Neppl | |||||||||||||
Name: | John W. Neppl | |||||||||||||
Title: | Executive Vice President, Chief Financial Officer | |||||||||||||
Media Contact: | Bunge News Bureau Bunge 636-292-3022 news@bunge.com | ||||
Investor Contact: | Ruth Ann Wisener Bunge Limited 636-292-3014 Ruthann.wisener@bunge.com |
Year Ended December 31, 2020 | |||||||||||||||||
(US$ in millions) | Q1 | Q2 | Q3 | Q4 | Total | ||||||||||||
Total Segment EBIT (a) | $ | (170) | $ | 738 | $ | 351 | $ | 714 | $ | 1,633 | |||||||
Total Mark-to-market timing differences (b) | 410 | (385) | 161 | 4 | 190 | ||||||||||||
Total Certain gains & (charges) (c) | 5 | 66 | — | (135) | (64) | ||||||||||||
Adjusted Total Segment EBIT (a) | $ | 245 | $ | 419 | $ | 512 | $ | 583 | $ | 1,759 | |||||||
Adjusted EBIT, restated for Reporting Segment change | |||||||||||||||||
Agribusiness | $ | 264 | $ | 495 | $ | 485 | $ | 498 | $ | 1,742 | |||||||
Processing | 209 | 347 | 413 | 335 | 1,304 | ||||||||||||
Merchandising | 55 | 148 | 72 | 163 | 438 | ||||||||||||
Refined & Specialty Oils | 67 | 48 | 67 | 112 | 294 | ||||||||||||
Milling | 23 | 21 | 28 | 26 | 98 | ||||||||||||
Adjusted Core Segment EBIT | $ | 354 | $ | 564 | $ | 580 | $ | 636 | $ | 2,134 | |||||||
Corporate & Other | (59) | (57) | (92) | (80) | (288) | ||||||||||||
Corporate | (67) | (58) | (93) | (83) | (301) | ||||||||||||
Ventures and Other | 8 | 1 | 1 | 3 | 13 | ||||||||||||
Adjusted Corporate & Other EBIT | $ | (59) | $ | (57) | $ | (92) | $ | (80) | $ | (288) | |||||||
Sugar & Bioenergy | (50) | (88) | 24 | 27 | (87) | ||||||||||||
Adjusted Non-core Segment EBIT | $ | (50) | $ | (88) | $ | 24 | $ | 27 | $ | (87) | |||||||
Adjusted Total Segment EBIT | $ | 245 | $ | 419 | $ | 512 | $ | 583 | $ | 1,759 | |||||||
Adjusted EBIT, as originally reported | |||||||||||||||||
Agribusiness | $ | 258 | $ | 465 | $ | 467 | $ | 474 | $ | 1,664 | |||||||
Oilseeds | 143 | 241 | 392 | 275 | 1,051 | ||||||||||||
Grains | 115 | 224 | 75 | 199 | 613 | ||||||||||||
Edible Oils | 66 | 48 | 67 | 113 | 294 | ||||||||||||
Milling | 23 | 26 | 18 | 18 | 85 | ||||||||||||
Fertilizer | 5 | 19 | 29 | 32 | 85 | ||||||||||||
Adjusted Core Segment EBIT | $ | 352 | $ | 558 | $ | 581 | $ | 637 | $ | 2,128 | |||||||
Corporate & Other | (57) | (54) | (92) | (79) | (282) | ||||||||||||
Corporate | (65) | (56) | (94) | (81) | (296) | ||||||||||||
Ventures and Other | 8 | 2 | 2 | 2 | 14 | ||||||||||||
Adjusted Corporate & Other EBIT | $ | (57) | $ | (54) | $ | (92) | $ | (79) | $ | (282) | |||||||
Sugar & Bioenergy | (50) | (85) | 23 | 25 | (87) | ||||||||||||
Adjusted Non-core Segment EBIT | $ | (50) | $ | (85) | $ | 23 | $ | 25 | $ | (87) | |||||||
Adjusted Total Segment EBIT | $ | 245 | $ | 419 | $ | 512 | $ | 583 | $ | 1,759 |
Year Ended December 31, 2020 | |||||||||||||||||
(US$ in millions) | Q1 | Q2 | Q3 | Q4 | Total | ||||||||||||
Mark-to-Market timing differences, restated for Reporting Segment change | |||||||||||||||||
Agribusiness | $ | 385 | $ | (378) | $ | 168 | $ | 7 | $ | 182 | |||||||
Processing | 264 | (301) | 178 | 96 | 237 | ||||||||||||
Merchandising | 121 | (77) | (10) | (89) | (55) | ||||||||||||
Refined & Specialty Oils | 20 | (3) | (9) | (9) | (1) | ||||||||||||
Milling | 5 | (4) | 2 | 6 | 9 | ||||||||||||
Total Mark-to-market timing differences | $ | 410 | $ | (385) | $ | 161 | $ | 4 | $ | 190 | |||||||
Mark-to-Market timing differences, as originally reported | |||||||||||||||||
Agribusiness | $ | 385 | $ | (378) | $ | 168 | $ | 7 | $ | 182 | |||||||
Oilseeds | 295 | (303) | 162 | 42 | 196 | ||||||||||||
Grains | 90 | (75) | 6 | (35) | (14) | ||||||||||||
Edible Oils | 20 | (3) | (9) | (9) | (1) | ||||||||||||
Milling | 5 | (4) | 2 | 6 | 9 | ||||||||||||
Total Mark-to-market timing differences | $ | 410 | $ | (385) | $ | 161 | $ | 4 | $ | 190 | |||||||
Year Ended December 31, 2020 | |||||||||||||||||
(US$ in millions) | Q1 | Q2 | Q3 | Q4 | Total | ||||||||||||
Net income (loss) attributable to Bunge | $ | (184) | $ | 516 | $ | 262 | $ | 551 | $ | 1,145 | |||||||
Interest income | (7) | (6) | (5) | (4) | (22) | ||||||||||||
Interest expense | 77 | 62 | 56 | 70 | 265 | ||||||||||||
Income tax expense (benefit) | (55) | 168 | 38 | 97 | 248 | ||||||||||||
Noncontrolling interest share of interest and tax | (1) | (2) | — | — | (3) | ||||||||||||
Total Segment EBIT | (170) | 738 | 351 | 714 | 1,633 | ||||||||||||
Total Mark-to-market timing differences | 410 | (385) | 161 | 4 | 190 | ||||||||||||
Total Certain gains & (charges) | 5 | 66 | — | (135) | (64) | ||||||||||||
Adjusted Total Segment EBIT | $ | 245 | $ | 419 | $ | 512 | $ | 583 | $ | 1,759 | |||||||
Adjusted Core Segment EBIT | 354 | 564 | 580 | 636 | 2,134 | ||||||||||||
Adjusted Corporate & Other EBIT | (59) | (57) | (92) | (80) | (288) | ||||||||||||
Adjusted Non-core Segment EBIT | (50) | (88) | 24 | 27 | (87) | ||||||||||||
Adjusted Total Segment EBIT | $ | 245 | $ | 419 | $ | 512 | $ | 583 | $ | 1,759 |
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Cover Page |
Apr. 27, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Apr. 27, 2021 |
Entity Registrant Name | BUNGE LIMITED |
Entity Central Index Key | 0001144519 |
Amendment Flag | false |
Entity Incorporation, State or Country Code | D0 |
Entity File Number | 001-16625 |
Entity Tax Identification Number | 98-0231912 |
Entity Address, Address Line One | 1391 Timberlake Manor Parkway |
Entity Address, City or Town | St. Louis |
Entity Address, State or Province | MO |
Entity Address, Postal Zip Code | 63017 |
City Area Code | (314) |
Local Phone Number | 292-2000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Shares, $0.01 par value per share |
Trading Symbol | BG |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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