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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Effective July 1, 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. See Note 1 - Basis of Presentation, Principles of Consolidation, And Significant Accounting Policies.
Further, effective January 1, 2025, Bunge is no longer separately presenting a Sugar and Bioenergy segment. Prior period amounts in the Sugar and Bioenergy segment have been reclassified to Corporate and Other. Prior to the January 1, 2025 change, the Sugar and Bioenergy segment was primarily comprised of our previously owned 50% interest in the BP Bunge Bioenergia joint venture. See Note 1 - Basis of Presentation, Principles of Consolidation, And Significant Accounting Policies.
Therefore, the Company's operations are now organized, managed, and classified into four reportable segments - Soybean Processing and Refining, Softseed Processing and Refining, Other Oilseeds Processing and Refining, 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, refining, marketing, and sale of softseeds (canola/rapeseed, sunflower seed, and safflower seed) and softseed related products, as well as biodiesel production and distribution. The Other Oilseeds Processing and Refining 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 ("CODM") 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. It also includes historical results of Bunge's previously recognized Sugar and Bioenergy segment as discussed above.
Transfers between 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 September 30, 2025
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningOther Oilseeds Processing and RefiningGrain Merchandising and MillingEliminationsTotal Reportable SegmentsCorporate & OtherTotal
Bunge Consolidated
Net sales to external customers$10,857 $3,661 $1,207 $6,428 $— $22,153 $2 $22,155 
Inter–segment revenues189 413 83 542 (1,227)— — — 
Raw materials cost(9,892)(3,142)(943)(6,060)— (20,037)3 (20,034)
Industrial expenses- fixed(248)(127)(74)(120)— (569)(7)(576)
Industrial expenses- variable(141)(61)(26)(28)— (256)— (256)
Depreciation(78)(42)(20)(77)— (217)(9)(226)
Cost of goods sold(10,359)(3,372)(1,063)(6,285)— (21,079)(13)(21,092)
Selling, general and administrative expenses(143)(58)(57)(145)— (403)(275)(678)
Foreign exchange (losses) gains – net(42)11 (2)(15)— (48)(7)(55)
EBIT - Noncontrolling interests (1)
(3)(1)(8)(1)— (13)1 (12)
Other income (expense) - net21 (5)— 37 — 53 24 77 
Income (loss) from affiliates6 — — 2 — 8 — 8 
EBIT337 236 77 21 — 671 (268)403 
Depreciation, depletion and amortization(78)(44)(28)(83)— (233)(8)(241)
Total assets18,833 7,092 3,712 14,052 — 43,689 2,609 46,298 
Capital expenditures195 37 168 59 — 459 10 469 
Three Months Ended September 30, 2024
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningOther Oilseeds Processing and RefiningGrain Merchandising and MillingEliminationsTotal Reportable SegmentsCorporate & OtherTotal
Bunge Consolidated
Net sales to external customers$7,857 $1,589 $1,064 $2,397 $— $12,907 $1 $12,908 
Inter–segment revenues160 242 99 334 (835)— — — 
Raw materials cost(7,177)(1,285)(760)(2,181)— (11,403)4 (11,399)
Industrial expenses- fixed(227)(76)(67)(65)— (435)(2)(437)
Industrial expenses- variable(112)(40)(26)(13)— (191)— (191)
Depreciation(46)(20)(22)(16)— (104)(5)(109)
Cost of goods sold(7,562)(1,421)(875)(2,275)— (12,133)(3)(12,136)
Selling, general and administrative expenses(111)(35)(63)(68)— (277)(160)(437)
Foreign exchange (losses) gains – net15 3 (7)1 — 12 2 14 
EBIT - Noncontrolling interests (1)
4 — (13)(1)— (10)1 (9)
Other income (expense) - net50 (4)(3)21 — 64 23 87 
Income (loss) from affiliates(31)— 1 4 — (26)6 (20)
EBIT222 132 104 79 — 537 (130)407 
Depreciation, depletion and amortization(47)(21)(30)(16)— (114)(5)(119)
Total assets10,974 2,666 3,160 4,369 — 21,169 4,098 25,267 
Capital expenditures159 22 121 39 — 341 13 354 

Nine Months Ended September 30, 2025
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningOther Oilseeds Processing and RefiningGrain Merchandising and MillingEliminationsTotal Reportable SegmentsCorporate & OtherTotal
Bunge Consolidated
Net sales to external customers$25,268 $6,707 $3,442 $11,146 $— $46,563 $4 $46,567 
Inter–segment revenues475 1,069 251 1,163 (2,958)— — — 
Raw materials cost(22,664)(5,772)(2,821)(10,436)— (41,693)9 (41,684)
Industrial expenses- fixed(661)(268)(216)(249)— (1,394)2 (1,392)
Industrial expenses- variable(373)(142)(78)(55)— (648)— (648)
Depreciation(179)(82)(59)(105)— (425)(20)(445)
Cost of goods sold(23,877)(6,264)(3,174)(10,845)— (44,160)(9)(44,169)
Selling, general and administrative expenses(365)(131)(176)(266)— (938)(538)(1,476)
Foreign exchange (losses) gains – net9 43 (5)(41)— 6 8 14 
EBIT - Noncontrolling interests (1)
(13)(2)(10)(6)— (31)2 (29)
Other income (expense) - net27 (10)(5)263 — 275 71 346 
Income (loss) from affiliates19 (6)— 3 — 16 — 16 
EBIT1,068 337 72 254 — 1,731 (462)1,269 
Depreciation, depletion and amortization(179)(84)(83)(112)— (458)(19)(477)
Total assets18,833 7,092 3,712 14,052 — 43,689 2,609 46,298 
Capital expenditures539 63 453 108 — 1,163 22 1,185 
Nine Months Ended September 30, 2024
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningOther Oilseeds Processing and RefiningGrain Merchandising and MillingEliminationsTotal Reportable SegmentsCorporate & OtherTotal
Bunge Consolidated
Net sales to external customers$23,556 $5,143 $3,034 $7,831 $— $39,564 $2 $39,566 
Inter–segment revenues601 651 252 1,141 (2,645)— — — 
Raw materials cost(21,622)(4,085)(2,235)(7,147)— (35,089)13 (35,076)
Industrial expenses- fixed(646)(215)(198)(204)— (1,263)(4)(1,267)
Industrial expenses- variable(339)(130)(82)(41)— (592)— (592)
Depreciation(137)(57)(61)(48)— (303)(16)(319)
Cost of goods sold(22,744)(4,487)(2,576)(7,440)— (37,247)(7)(37,254)
Selling, general and administrative expenses(344)(104)(185)(203)— (836)(489)(1,325)
Foreign exchange (losses) gains – net(58)(15)(21)(10)— (104)3 (101)
EBIT - Noncontrolling interests (1)
12 — (30)— — (18)3 (15)
Other income (expense) - net97 (14)(13)64 — 134 78 212 
Income (loss) from affiliates(56)— 1 (11)— (66)8 (58)
EBIT463 523 210 231 — 1,427 (402)1,025 
Depreciation, depletion and amortization(137)(58)(85)(49)— (329)(16)(345)
Total assets10,974 2,666 3,160 4,369 — 21,169 4,098 25,267 
Capital expenditures400 69 283 111 — 863 24 887 
(1)     Includes Net (income) attributable to noncontrolling interests and redeemable noncontrolling interests adjusted for noncontrolling interests' share of interest and taxes.

The Company’s CODM is the chief executive officer. Total reportable segment earnings before interest and taxes ("EBIT") is the key operating performance measure utilized by the CODM to evaluate reportable segment operating activities and performance. The CODM believes total reportable segment EBIT is a useful measure of operating profitability, since the measure allows for an evaluation of the performance of its reportable 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 industries. Further, the CODM uses total reportable segment EBIT to evaluate earnings generated from segment assets in deciding whether to reinvest earnings into a particular segment or into other parts of the entity, such as through acquisitions. EBIT is also used to monitor forecast versus actual results.
A reconciliation of Net income (loss) attributable to Bunge to Total reportable segment EBIT follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(US$ in millions)2025202420252024
Net income (loss) attributable to Bunge$166 $221 $721 $535 
Interest income(57)(33)(162)(112)
Interest expense202 127 412 358 
Income tax expense (benefit)86 89 290 236 
(Income) loss from discontinued operations, net of tax3 — 3 — 
Noncontrolling interests' share of interest and tax3 3 5 8 
Less Corporate & Other EBIT(268)(130)(462)(402)
Total reportable segment EBIT$671 $537 $1,731 $1,427 
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 September 30, 2025
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningOther Oilseeds Processing and RefiningGrain Merchandising and MillingCorporate and OtherTotal
Sales from commodity contracts (ASC 815)$9,157 $2,754 $53 $5,818 $— $17,782 
Sales from contracts with customers (ASC 606)1,700 907 1,154 610 2 4,373 
Net sales to external customers$10,857 $3,661 $1,207 $6,428 $2 $22,155 
Three Months Ended September 30, 2024
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningOther Oilseeds Processing and RefiningGrain Merchandising and MillingCorporate and OtherTotal
Sales from commodity contracts (ASC 815)$6,328 $848 $22 $1,838 $— $9,036 
Sales from contracts with customers (ASC 606)1,529 741 1,042 559 1 3,872 
Net sales to external customers$7,857 $1,589 $1,064 $2,397 $1 $12,908 
Nine Months Ended September 30, 2025
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningOther Oilseeds Processing and RefiningGrain Merchandising and MillingCorporate and OtherTotal
Sales from commodity contracts (ASC 815)$20,688 $4,154 $123 $9,545 $— $34,510 
Sales from contracts with customers (ASC 606)4,580 2,553 3,319 1,601 4 12,057 
Net sales to external customers$25,268 $6,707 $3,442 $11,146 $4 $46,567 
Nine Months Ended September 30, 2024
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningOther Oilseeds Processing and RefiningGrain Merchandising and MillingCorporate and OtherTotal
Sales from commodity contracts (ASC 815)$18,961 $2,827 $58 $6,170 $— $28,016 
Sales from contracts with customers (ASC 606)4,595 2,316 2,976 1,661 2 11,550 
Net sales to external customers$23,556 $5,143 $3,034 $7,831 $2 $39,566