XML 45 R32.htm IDEA: XBRL DOCUMENT v3.25.3
ACQUISITIONS AND DISPOSITIONS (Tables)
 9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition And Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Total Purchase Consideration Transferred
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 Viterra3,554 
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 $81.39 per share.
(2)     Represents the base amount of cash consideration transferred to the Sellers, adjusted for certain items per the terms of the Business Combination Agreement. Amount is subject to purchase price adjustments targeted to be finalized within approximately six months of the Acquisition date per the terms of the Business Combination Agreement.
The following table summarizes the total preliminary purchase consideration to acquire the remaining 85% equity interest:
(US$ in millions)
Cash consideration $48 
Value of contingent and deferred consideration (1)
86 
Total preliminary purchase consideration$134 
(1)     Represents the fair value of the contingent and deferred cash consideration as set forth in the share purchase agreement to be settled within one year from the date of the close of the transaction.
Schedule of Preliminary Allocation of the Fair Value of Assets Acquired and Liabilities Assumed The following table summarizes the preliminary allocation of the fair value of assets acquired and liabilities assumed as of the Acquisition date, as included in Bunge's condensed consolidated balance sheet.
(US$ in millions)July 2, 2025
Cash and cash equivalents$1,143 
Time deposits under trade structured finance program481 
Trade accounts receivable1,307 
Inventories5,725 
Assets held for sale700 
Other current assets2,603 
Property, plant and equipment5,472 
Operating lease assets785 
Other intangible assets (1)
24 
Investments in affiliates577 
Deferred income taxes143 
Other non-current assets260 
Total assets acquired19,220 
Liabilities
Short-term debt1,131 
Current portion of long-term debt (2)
1,220 
Letter of credit obligations under trade structured finance program481 
Trade accounts payable1,520 
Current operating lease obligations248 
Liabilities held for sale 227
Other current liabilities2,076 
Long-term debt (2)
2,158 
Deferred income taxes698 
Non-current operating lease obligations482 
Other non-current liabilities227 
Net assets acquired8,752 
Less: Noncontrolling interests(441)
Goodwill (3)
2,306 
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. See Note 13 - Debt for further information.
(3)    Goodwill was assigned to reportable segments as follows, $1,007 million to Softseed Processing and Refining, $761 million to Soybean Processing and Refining, and $538 million to Grain Merchandising and Milling. The
goodwill is primarily attributable to expected synergies and the assembled workforce of Viterra. None of the goodwill is expected to be deductible for income tax purposes. Goodwill is not amortized to earnings but instead will be reviewed at least annually for impairment.
Schedule of Unaudited Supplemental Pro Forma Information
The following table presents unaudited supplemental pro forma results of the combined organization as if Viterra was acquired on January 1, 2024:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(US$ in millions)2025202420252024
Net sales$22,155 $22,622 $65,745 $70,268 
Income (loss) from continuing operations218 259 699 544 
Income (loss) from discontinued operations(3)— (3)— 
Net income (loss)215 259 696 544 
Schedule of Assets and Liabilities of the Disposal Group The following table presents the disposal group's major classes of assets and liabilities at the closing date and includes the application of business combination accounting to the assets and liabilities assumed in the Acquisition of Viterra. Intercompany
balances between the disposal group and other Bunge consolidated entities have been omitted.
(US$ in millions)
Cash and cash equivalents$26 
Trade accounts receivable 62 
Inventories148 
Other current assets64 
Property, plant and equipment413 
Operating lease assets2 
Other non-current assets2 
Total assets$717 
Short-term debt$52 
Trade accounts payable and accrued liabilities80 
Other current liabilities29 
Long-term debt62 
Deferred income taxes6 
Non-current operating lease obligations2 
Total liabilities $231 
The following table presents the disposal group's major classes of assets and liabilities at the closing date. Intercompany balances between the disposal group and other Bunge consolidated entities have been omitted. Assets and liabilities were reported within the Milling segment.
(US$ in millions)
Trade accounts receivable $128 
Inventories36 
Other current assets4 
Property, plant and equipment, net137 
Operating lease assets17 
Goodwill & Other intangible assets, net37 
Other non-current assets5 
Total assets$364 
Trade accounts payable and accrued liabilities$40 
Current operating lease obligations6 
Deferred income taxes27 
Non-current operating lease obligations10 
Total liabilities $83 
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 September 30, 2025. Intercompany balances between the disposal group and other Bunge consolidated entities have been omitted. Assets held for sale comprise $179 million and $3 million under the Refined and Specialty Oils segment and Corporate and Other, respectively. Liabilities held for sale comprise $70 million and $2 million under the Refined and Specialty Oils segment and Corporate and Other, respectively.
(US$ in millions)September 30,
2025
Trade accounts receivable $40 
Inventories36 
Other current assets6 
Property, plant and equipment, net83 
Operating lease assets2 
Goodwill & Other intangible assets, net12 
Deferred income taxes3 
Total assets held for sale$182 
Trade accounts payable and accrued liabilities$48 
Other current liabilities9 
Deferred income taxes2 
Non-current operating lease obligations1 
Other non-current liabilities12 
Total liabilities held for sale$72