OTHER NON-CURRENT ASSETS (Tables)

9 Months Ended

Sep. 30, 2025

Other Assets, Noncurrent [Abstract]

Schedule of Other Non-Current Assets

Other non-current assets consist of the following:

(US$ in millions)	September 30, 2025		December 31, 2024
Recoverable taxes, net (1)	$	129	$	19
Judicial deposits (1)	111		86
Other long-term receivables, net (2)	24		14
Income taxes receivable (1)	46		125
Long-term investments (3)	181		174
Affiliate loans receivable	12		8
Long-term receivables from farmers in Brazil, net (1)	97		23
Unrealized gains on derivative contracts, at fair value	32		—
Other	274		108
Total	$	906	$	557

(1)    A significant portion of these non-current assets arise from the Company’s Brazil and Indian operations and their realization could take several years.

(2)    Net of allowances as described in Note 4 - Trade Accounts Receivable and Trade Receivables Securitization Program.

(3)    As of September 30, 2025, and December 31, 2024, $29 million and $14 million, respectively, of long-term investments are recorded at fair value.

Schedule of Gross Investment in Long-Term Receivables and the Related Allowance Amounts from Brazilian Farmers

The table below summarizes the Company’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.

	September 30, 2025				December 31, 2024
(US$ in millions)	Recorded Investment		Allowance		Recorded Investment		Allowance
For which an allowance has been provided:
Legal collection process (1)	$	33	$	32	$	28	$	26
Renegotiated amounts	2		1		3		1
For which no allowance has been provided:
Legal collection process (1)	6		—		6		—
Renegotiated amounts (2)	2		—		1		—
Other long-term receivables (3)	87		—		12		—
Total	$	130	$	33	$	50	$	27

(1)    All amounts in legal collection processes are considered past due upon initiation of legal action.

(2)    These renegotiated amounts are current on repayment terms.

(3)    New advances expected to be realized through farmer commitments to deliver agricultural commodities in crop periods greater than twelve months from the balance sheet date. Such advances are reclassified from Other non-current assets to Other current assets in later periods depending on the expected date of their realization.

Schedule of the Activity in the Allowance for Doubtful Accounts Related to Long-Term Receivables from Brazilian Farmers

The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil.

	Nine Months Ended September 30,
(US$ in millions)	2025		2024
Allowance as of January 1	$	27	$	31
Bad debt provisions	2		1
Recoveries	(1)		—
Write-offs	—		—
Transfers	—		—
Foreign exchange translation	5		(4)
Allowance as of September 30	$	33	$	28