0001996862false12/312024Q2http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSoldhttp://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSoldhttp://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSoldhttp://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSoldhttp://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSoldhttp://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSoldhttp://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSoldhttp://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSoldhttp://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSoldhttp://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSoldxbrli:sharesiso4217:USDiso4217:USDxbrli:sharesxbrli:purebg:facilityiso4217:BRLutr:tbg:dayutr:MMBTUutr:MWhbg:tranchebg:installmentbg:segment00019968622024-01-012024-06-3000019968622024-07-2600019968622024-04-012024-06-3000019968622023-04-012023-06-3000019968622023-01-012023-06-3000019968622024-06-3000019968622023-12-3100019968622022-12-3100019968622023-06-300001996862bg:RedeemableNoncontrollingInterestMember2024-03-310001996862bg:RegisteredSharesMember2024-03-310001996862us-gaap:TreasuryStockCommonMember2024-03-310001996862us-gaap:AdditionalPaidInCapitalMember2024-03-310001996862us-gaap:RetainedEarningsMember2024-03-310001996862us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310001996862us-gaap:NoncontrollingInterestMember2024-03-3100019968622024-03-310001996862us-gaap:RetainedEarningsMember2024-04-012024-06-300001996862us-gaap:NoncontrollingInterestMember2024-04-012024-06-300001996862us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300001996862us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300001996862bg:RegisteredSharesMember2024-04-012024-06-300001996862us-gaap:TreasuryStockCommonMember2024-04-012024-06-300001996862bg:RedeemableNoncontrollingInterestMember2024-06-300001996862bg:RegisteredSharesMember2024-06-300001996862us-gaap:TreasuryStockCommonMember2024-06-300001996862us-gaap:AdditionalPaidInCapitalMember2024-06-300001996862us-gaap:RetainedEarningsMember2024-06-300001996862us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001996862us-gaap:NoncontrollingInterestMember2024-06-300001996862bg:RedeemableNoncontrollingInterestMember2023-03-310001996862bg:CommonStockOutstandingMember2023-03-310001996862us-gaap:TreasuryStockCommonMember2023-03-310001996862us-gaap:AdditionalPaidInCapitalMember2023-03-310001996862us-gaap:RetainedEarningsMember2023-03-310001996862us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310001996862us-gaap:NoncontrollingInterestMember2023-03-3100019968622023-03-310001996862us-gaap:RetainedEarningsMember2023-04-012023-06-300001996862us-gaap:NoncontrollingInterestMember2023-04-012023-06-300001996862us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-300001996862us-gaap:AdditionalPaidInCapitalMember2023-04-012023-06-300001996862bg:CommonStockOutstandingMember2023-04-012023-06-300001996862bg:RedeemableNoncontrollingInterestMember2023-06-300001996862bg:CommonStockOutstandingMember2023-06-300001996862us-gaap:TreasuryStockCommonMember2023-06-300001996862us-gaap:AdditionalPaidInCapitalMember2023-06-300001996862us-gaap:RetainedEarningsMember2023-06-300001996862us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300001996862us-gaap:NoncontrollingInterestMember2023-06-300001996862bg:RedeemableNoncontrollingInterestMember2023-12-310001996862bg:RegisteredSharesMember2023-12-310001996862us-gaap:TreasuryStockCommonMember2023-12-310001996862us-gaap:AdditionalPaidInCapitalMember2023-12-310001996862us-gaap:RetainedEarningsMember2023-12-310001996862us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001996862us-gaap:NoncontrollingInterestMember2023-12-310001996862us-gaap:RetainedEarningsMember2024-01-012024-06-300001996862us-gaap:NoncontrollingInterestMember2024-01-012024-06-300001996862us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-06-300001996862us-gaap:AdditionalPaidInCapitalMember2024-01-012024-06-300001996862bg:RegisteredSharesMember2024-01-012024-06-300001996862us-gaap:TreasuryStockCommonMember2024-01-012024-06-300001996862bg:RedeemableNoncontrollingInterestMember2022-12-310001996862bg:CommonStockOutstandingMember2022-12-310001996862us-gaap:TreasuryStockCommonMember2022-12-310001996862us-gaap:AdditionalPaidInCapitalMember2022-12-310001996862us-gaap:RetainedEarningsMember2022-12-310001996862us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001996862us-gaap:NoncontrollingInterestMember2022-12-310001996862us-gaap:RetainedEarningsMember2023-01-012023-06-300001996862us-gaap:NoncontrollingInterestMember2023-01-012023-06-300001996862us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-06-300001996862us-gaap:AdditionalPaidInCapitalMember2023-01-012023-06-300001996862bg:CommonStockOutstandingMember2023-01-012023-06-3000019968622023-11-010001996862bg:ViterraLimitedMember2023-06-132023-06-130001996862bg:ViterraLimitedMember2024-01-012024-06-300001996862bg:BungeLimitedMemberbg:ViterraLimitedMember2023-06-130001996862bg:ViterraLimitedMember2023-07-070001996862bg:ViterraLimitedMember2024-06-3000019968622023-06-120001996862bg:CommonStockOutstandingMember2023-06-132024-06-300001996862bg:CJLatamParticipacoesLtdaAndCJSelectaSAMember2023-10-100001996862bg:CJLatamParticipacoesLtdaAndCJSelectaSAMember2023-10-102023-10-100001996862bg:BPBungeBioenergiaMember2024-06-190001996862bg:BPBungeBioenergiaMembersrt:ScenarioForecastMemberus-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember2024-12-310001996862bg:BPBungeBioenergiaMember2024-06-300001996862bg:RepsolBungeIbericaSAMemberus-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember2024-03-260001996862bg:TimeDepositsAndLettersOfCreditsMember2024-06-300001996862bg:TimeDepositsAndLettersOfCreditsMember2023-12-310001996862bg:TimeDepositsAndLettersOfCreditsMember2024-01-012024-06-300001996862bg:ShortTermReceivablesMember2023-12-310001996862bg:LongTermReceivablesMember2023-12-310001996862bg:ShortTermReceivablesMember2024-01-012024-06-300001996862bg:LongTermReceivablesMember2024-01-012024-06-300001996862bg:ShortTermReceivablesMember2024-06-300001996862bg:LongTermReceivablesMember2024-06-300001996862bg:ShortTermReceivablesMember2022-12-310001996862bg:LongTermReceivablesMember2022-12-310001996862bg:ShortTermReceivablesMember2023-01-012023-06-300001996862bg:LongTermReceivablesMember2023-01-012023-06-300001996862bg:ShortTermReceivablesMember2023-06-300001996862bg:LongTermReceivablesMember2023-06-300001996862bg:BungeSecuritizationBVMember2024-01-012024-06-300001996862bg:BungeSecuritizationBVMember2024-06-300001996862bg:BungeSecuritizationBVMember2023-12-310001996862bg:BungeSecuritizationBVMember2023-01-012023-06-300001996862bg:AgribusinessMemberus-gaap:OperatingSegmentsMember2024-06-300001996862bg:AgribusinessMemberus-gaap:OperatingSegmentsMember2023-12-310001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:OperatingSegmentsMember2024-06-300001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:OperatingSegmentsMember2023-12-310001996862bg:MillingProductsMemberus-gaap:OperatingSegmentsMember2024-06-300001996862bg:MillingProductsMemberus-gaap:OperatingSegmentsMember2023-12-310001996862us-gaap:CorporateNonSegmentMember2024-06-300001996862us-gaap:CorporateNonSegmentMember2023-12-310001996862bg:MerchandisingActivitiesMemberbg:AgribusinessMember2024-06-300001996862bg:MerchandisingActivitiesMemberbg:AgribusinessMember2023-12-310001996862us-gaap:ForeignGovernmentDebtSecuritiesMember2024-06-300001996862us-gaap:ForeignGovernmentDebtSecuritiesMember2023-12-310001996862us-gaap:EquitySecuritiesMember2024-06-300001996862us-gaap:EquitySecuritiesMember2023-12-310001996862bg:OtherSecuritiesMember2024-06-300001996862bg:OtherSecuritiesMember2023-12-310001996862us-gaap:RelatedPartyMember2024-06-300001996862us-gaap:RelatedPartyMember2023-12-310001996862us-gaap:NonrelatedPartyMember2024-06-300001996862us-gaap:NonrelatedPartyMember2023-12-310001996862bg:NotesAndLoansReceivableMember2024-01-012024-06-300001996862bg:NotesAndLoansReceivableMember2023-01-012023-12-310001996862bg:LegalCollectionProcessMemberbg:NotesAndLoansReceivableMember2024-06-300001996862bg:LegalCollectionProcessMemberbg:NotesAndLoansReceivableMember2023-12-310001996862bg:RenegotiatedAmountMemberbg:NotesAndLoansReceivableMember2024-06-300001996862bg:RenegotiatedAmountMemberbg:NotesAndLoansReceivableMember2023-12-310001996862bg:OtherLongTermReceivablesMemberbg:NotesAndLoansReceivableMember2024-06-300001996862bg:OtherLongTermReceivablesMemberbg:NotesAndLoansReceivableMember2023-12-310001996862bg:NotesAndLoansReceivableMember2024-06-300001996862bg:NotesAndLoansReceivableMember2023-12-310001996862bg:NotesAndLoansReceivableMember2022-12-310001996862bg:NotesAndLoansReceivableMember2023-01-012023-06-300001996862bg:NotesAndLoansReceivableMember2023-06-300001996862bg:TerminalXXXIXDeSantosS.A.PortFacilityMember2024-05-290001996862bg:TerminalXXXIXDeSantosS.A.PortFacilityMember2024-05-292024-05-290001996862us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-06-300001996862us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-12-310001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-06-300001996862us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001996862us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001996862us-gaap:FairValueMeasurementsRecurringMember2024-06-300001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-12-310001996862us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001996862us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001996862us-gaap:FairValueMeasurementsRecurringMember2023-12-310001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-06-300001996862us-gaap:FairValueInputsLevel2Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001996862us-gaap:FairValueInputsLevel3Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-12-310001996862us-gaap:FairValueInputsLevel2Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001996862us-gaap:FairValueInputsLevel3Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-06-300001996862us-gaap:FairValueInputsLevel2Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001996862us-gaap:FairValueInputsLevel3Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-12-310001996862us-gaap:FairValueInputsLevel2Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001996862us-gaap:FairValueInputsLevel3Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:CommodityContractMemberus-gaap:FairValueInputsLevel1Member2024-06-300001996862us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:CommodityContractMember2024-06-300001996862us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:CommodityContractMember2024-06-300001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:CommodityContractMember2024-06-300001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:CommodityContractMemberus-gaap:FairValueInputsLevel1Member2023-12-310001996862us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:CommodityContractMember2023-12-310001996862us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:CommodityContractMember2023-12-310001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:CommodityContractMember2023-12-310001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:OceanFreightDerivativesMemberus-gaap:FairValueInputsLevel1Member2024-06-300001996862us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:OceanFreightDerivativesMember2024-06-300001996862us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:OceanFreightDerivativesMember2024-06-300001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:OceanFreightDerivativesMember2024-06-300001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:OceanFreightDerivativesMemberus-gaap:FairValueInputsLevel1Member2023-12-310001996862us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:OceanFreightDerivativesMember2023-12-310001996862us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:OceanFreightDerivativesMember2023-12-310001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:OceanFreightDerivativesMember2023-12-310001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel1Memberbg:EnergyDerivativesMember2024-06-300001996862us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:EnergyDerivativesMember2024-06-300001996862us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:EnergyDerivativesMember2024-06-300001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:EnergyDerivativesMember2024-06-300001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel1Memberbg:EnergyDerivativesMember2023-12-310001996862us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:EnergyDerivativesMember2023-12-310001996862us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:EnergyDerivativesMember2023-12-310001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberbg:EnergyDerivativesMember2023-12-310001996862bg:CreditDerivativesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel1Member2024-06-300001996862us-gaap:FairValueInputsLevel2Memberbg:CreditDerivativesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2024-06-300001996862us-gaap:FairValueInputsLevel3Memberbg:CreditDerivativesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2024-06-300001996862bg:CreditDerivativesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2024-06-300001996862bg:CreditDerivativesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel1Member2023-12-310001996862us-gaap:FairValueInputsLevel2Memberbg:CreditDerivativesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2023-12-310001996862us-gaap:FairValueInputsLevel3Memberbg:CreditDerivativesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2023-12-310001996862bg:CreditDerivativesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2023-12-310001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel1Member2024-06-300001996862us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2024-06-300001996862us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2024-06-300001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2024-06-300001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel1Member2023-12-310001996862us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2023-12-310001996862us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2023-12-310001996862us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2023-12-310001996862us-gaap:OtherNoncurrentAssetsMember2024-06-300001996862us-gaap:OtherNoncurrentAssetsMember2023-12-310001996862us-gaap:OtherNoncurrentLiabilitiesMember2024-06-300001996862us-gaap:OtherNoncurrentLiabilitiesMember2023-12-310001996862bg:ReadilyMarketableInventoriesMember2024-03-310001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMember2024-03-310001996862bg:TradeAccountsPayableMember2024-03-310001996862bg:ReadilyMarketableInventoriesMember2024-04-012024-06-300001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMemberus-gaap:CostOfSalesMember2024-04-012024-06-300001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMember2024-04-012024-06-300001996862us-gaap:CostOfSalesMemberbg:TradeAccountsPayableMember2024-04-012024-06-300001996862us-gaap:CostOfSalesMember2024-04-012024-06-300001996862bg:TradeAccountsPayableMember2024-04-012024-06-300001996862bg:ReadilyMarketableInventoriesMember2024-06-300001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMember2024-06-300001996862bg:TradeAccountsPayableMember2024-06-300001996862us-gaap:CostOfSalesMember2023-04-012023-06-300001996862bg:ReadilyMarketableInventoriesMember2023-03-310001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMember2023-03-310001996862bg:TradeAccountsPayableMember2023-03-310001996862us-gaap:OtherCurrentAssetsMember2023-03-310001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMemberus-gaap:CostOfSalesMember2023-04-012023-06-300001996862bg:ReadilyMarketableInventoriesMember2023-04-012023-06-300001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMember2023-04-012023-06-300001996862us-gaap:CostOfSalesMemberbg:TradeAccountsPayableMember2023-04-012023-06-300001996862us-gaap:OtherCurrentAssetsMemberus-gaap:CostOfSalesMember2023-04-012023-06-300001996862us-gaap:OtherCurrentAssetsMemberus-gaap:OtherNonoperatingIncomeExpenseMember2023-04-012023-06-300001996862us-gaap:OtherNonoperatingIncomeExpenseMember2023-04-012023-06-300001996862bg:TradeAccountsPayableMember2023-04-012023-06-300001996862us-gaap:OtherCurrentAssetsMember2023-04-012023-06-300001996862bg:ReadilyMarketableInventoriesMember2023-06-300001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMember2023-06-300001996862bg:TradeAccountsPayableMember2023-06-300001996862us-gaap:OtherCurrentAssetsMember2023-06-300001996862bg:MarketableSecuritiesAndInvestmentsMemberus-gaap:OtherNonoperatingIncomeExpenseMember2023-04-012023-06-300001996862bg:ReadilyMarketableInventoriesMember2023-12-310001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMember2023-12-310001996862bg:TradeAccountsPayableMember2023-12-310001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMemberus-gaap:CostOfSalesMember2024-01-012024-06-300001996862bg:ReadilyMarketableInventoriesMember2024-01-012024-06-300001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMember2024-01-012024-06-300001996862us-gaap:CostOfSalesMemberbg:TradeAccountsPayableMember2024-01-012024-06-300001996862us-gaap:CostOfSalesMember2024-01-012024-06-300001996862bg:TradeAccountsPayableMember2024-01-012024-06-300001996862bg:ReadilyMarketableInventoriesMember2022-12-310001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMember2022-12-310001996862bg:TradeAccountsPayableMember2022-12-310001996862us-gaap:OtherCurrentAssetsMember2022-12-310001996862bg:ReadilyMarketableInventoriesMember2023-01-012023-06-300001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMemberus-gaap:CostOfSalesMember2023-01-012023-06-300001996862bg:DerivativeFinancialInstrumentsAssetsLiabilitiesNetMember2023-01-012023-06-300001996862us-gaap:CostOfSalesMemberbg:TradeAccountsPayableMember2023-01-012023-06-300001996862us-gaap:OtherCurrentAssetsMemberus-gaap:CostOfSalesMember2023-01-012023-06-300001996862us-gaap:CostOfSalesMember2023-01-012023-06-300001996862us-gaap:OtherCurrentAssetsMemberus-gaap:OtherNonoperatingIncomeExpenseMember2023-01-012023-06-300001996862us-gaap:OtherNonoperatingIncomeExpenseMember2023-01-012023-06-300001996862bg:TradeAccountsPayableMember2023-01-012023-06-300001996862us-gaap:OtherCurrentAssetsMember2023-01-012023-06-300001996862bg:MarketableSecuritiesAndInvestmentsMemberus-gaap:OtherNonoperatingIncomeExpenseMember2023-01-012023-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMember2024-01-012024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMember2024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMember2023-12-310001996862us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMember2024-01-012024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMember2023-01-012023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:ForwardContractsMemberus-gaap:CashFlowHedgingMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:ForwardContractsMemberus-gaap:CashFlowHedgingMember2023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:OptionMemberus-gaap:CashFlowHedgingMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:OptionMemberus-gaap:CashFlowHedgingMember2023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:NetInvestmentHedgingMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:NetInvestmentHedgingMember2023-12-310001996862us-gaap:InterestRateContractMemberus-gaap:SwapMemberus-gaap:LongMember2024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:ShortMemberus-gaap:SwapMember2024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:SwapMemberus-gaap:LongMember2023-12-310001996862us-gaap:InterestRateContractMemberus-gaap:ShortMemberus-gaap:SwapMember2023-12-310001996862us-gaap:InterestRateContractMemberus-gaap:FutureMemberus-gaap:LongMember2024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:ShortMemberus-gaap:FutureMember2024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:FutureMemberus-gaap:LongMember2023-12-310001996862us-gaap:InterestRateContractMemberus-gaap:ShortMemberus-gaap:FutureMember2023-12-310001996862us-gaap:InterestRateContractMemberus-gaap:ForwardContractsMemberus-gaap:LongMember2024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:ShortMemberus-gaap:ForwardContractsMember2024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:ForwardContractsMemberus-gaap:LongMember2023-12-310001996862us-gaap:InterestRateContractMemberus-gaap:ShortMemberus-gaap:ForwardContractsMember2023-12-310001996862us-gaap:InterestRateContractMemberus-gaap:OptionMemberus-gaap:LongMember2024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:ShortMemberus-gaap:OptionMember2024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:OptionMemberus-gaap:LongMember2023-12-310001996862us-gaap:InterestRateContractMemberus-gaap:ShortMemberus-gaap:OptionMember2023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:ForwardContractsMemberus-gaap:LongMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:ShortMemberus-gaap:ForwardContractsMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:ForwardContractsMemberus-gaap:LongMember2023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:ShortMemberus-gaap:ForwardContractsMember2023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:SwapMemberus-gaap:LongMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:ShortMemberus-gaap:SwapMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:SwapMemberus-gaap:LongMember2023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:ShortMemberus-gaap:SwapMember2023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:FutureMemberus-gaap:LongMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:ShortMemberus-gaap:FutureMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:FutureMemberus-gaap:LongMember2023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:ShortMemberus-gaap:FutureMember2023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:OptionMemberus-gaap:LongMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:ShortMemberus-gaap:OptionMember2024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:OptionMemberus-gaap:LongMember2023-12-310001996862us-gaap:ForeignExchangeContractMemberus-gaap:ShortMemberus-gaap:OptionMember2023-12-310001996862us-gaap:ForwardContractsMemberus-gaap:CommodityContractMemberus-gaap:LongMember2024-01-012024-06-300001996862us-gaap:ShortMemberus-gaap:ForwardContractsMemberus-gaap:CommodityContractMember2024-01-012024-06-300001996862us-gaap:ForwardContractsMemberus-gaap:CommodityContractMemberus-gaap:LongMember2023-01-012023-12-310001996862us-gaap:ShortMemberus-gaap:ForwardContractsMemberus-gaap:CommodityContractMember2023-01-012023-12-310001996862us-gaap:CommodityContractMemberus-gaap:FutureMemberus-gaap:LongMember2024-01-012024-06-300001996862us-gaap:ShortMemberus-gaap:CommodityContractMemberus-gaap:FutureMember2024-01-012024-06-300001996862us-gaap:CommodityContractMemberus-gaap:FutureMemberus-gaap:LongMember2023-01-012023-12-310001996862us-gaap:ShortMemberus-gaap:CommodityContractMemberus-gaap:FutureMember2023-01-012023-12-310001996862us-gaap:CommodityContractMemberus-gaap:OptionMemberus-gaap:LongMember2024-01-012024-06-300001996862us-gaap:ShortMemberus-gaap:CommodityContractMemberus-gaap:OptionMember2024-01-012024-06-300001996862us-gaap:CommodityContractMemberus-gaap:OptionMemberus-gaap:LongMember2023-01-012023-12-310001996862us-gaap:ShortMemberus-gaap:CommodityContractMemberus-gaap:OptionMember2023-01-012023-12-310001996862bg:OceanFreightDerivativesMemberus-gaap:ForeignExchangeForwardMemberus-gaap:LongMember2024-01-012024-06-300001996862us-gaap:ShortMemberbg:OceanFreightDerivativesMemberus-gaap:ForeignExchangeForwardMember2024-01-012024-06-300001996862bg:OceanFreightDerivativesMemberus-gaap:ForeignExchangeForwardMemberus-gaap:LongMember2023-01-012023-12-310001996862us-gaap:ShortMemberbg:OceanFreightDerivativesMemberus-gaap:ForeignExchangeForwardMember2023-01-012023-12-310001996862bg:NaturalGasDerivativesMemberus-gaap:ForwardContractsMemberus-gaap:LongMember2024-01-012024-06-300001996862bg:NaturalGasDerivativesMemberus-gaap:ShortMemberus-gaap:ForwardContractsMember2024-01-012024-06-300001996862bg:NaturalGasDerivativesMemberus-gaap:ForwardContractsMemberus-gaap:LongMember2023-01-012023-12-310001996862bg:NaturalGasDerivativesMemberus-gaap:ShortMemberus-gaap:ForwardContractsMember2023-01-012023-12-310001996862bg:NaturalGasDerivativesMemberus-gaap:SwapMemberus-gaap:LongMember2024-01-012024-06-300001996862bg:NaturalGasDerivativesMemberus-gaap:ShortMemberus-gaap:SwapMember2024-01-012024-06-300001996862bg:NaturalGasDerivativesMemberus-gaap:SwapMemberus-gaap:LongMember2023-01-012023-12-310001996862bg:NaturalGasDerivativesMemberus-gaap:ShortMemberus-gaap:SwapMember2023-01-012023-12-310001996862bg:NaturalGasDerivativesMemberus-gaap:FutureMemberus-gaap:LongMember2024-01-012024-06-300001996862bg:NaturalGasDerivativesMemberus-gaap:ShortMemberus-gaap:FutureMember2024-01-012024-06-300001996862bg:NaturalGasDerivativesMemberus-gaap:FutureMemberus-gaap:LongMember2023-01-012023-12-310001996862bg:NaturalGasDerivativesMemberus-gaap:ShortMemberus-gaap:FutureMember2023-01-012023-12-310001996862bg:NaturalGasDerivativesMemberus-gaap:OptionMemberus-gaap:LongMember2024-01-012024-06-300001996862bg:NaturalGasDerivativesMemberus-gaap:ShortMemberus-gaap:OptionMember2024-01-012024-06-300001996862bg:NaturalGasDerivativesMemberus-gaap:OptionMemberus-gaap:LongMember2023-01-012023-12-310001996862bg:NaturalGasDerivativesMemberus-gaap:ShortMemberus-gaap:OptionMember2023-01-012023-12-310001996862bg:ElectricityDerivativesMemberus-gaap:FutureMemberus-gaap:LongMember2024-01-012024-06-300001996862bg:ElectricityDerivativesMemberus-gaap:ShortMemberus-gaap:FutureMember2024-01-012024-06-300001996862bg:ElectricityDerivativesMemberus-gaap:FutureMemberus-gaap:LongMember2023-01-012023-12-310001996862bg:ElectricityDerivativesMemberus-gaap:ShortMemberus-gaap:FutureMember2023-01-012023-12-310001996862us-gaap:SwapMemberbg:EnergyDerivativesExcludingNaturalGasMemberus-gaap:LongMember2024-01-012024-06-300001996862us-gaap:ShortMemberus-gaap:SwapMemberbg:EnergyDerivativesExcludingNaturalGasMember2024-01-012024-06-300001996862us-gaap:SwapMemberbg:EnergyDerivativesExcludingNaturalGasMemberus-gaap:LongMember2023-01-012023-12-310001996862us-gaap:ShortMemberus-gaap:SwapMemberbg:EnergyDerivativesExcludingNaturalGasMember2023-01-012023-12-310001996862bg:EnergyDerivativesExcludingNaturalGasMemberus-gaap:FutureMemberus-gaap:LongMember2024-01-012024-06-300001996862us-gaap:ShortMemberbg:EnergyDerivativesExcludingNaturalGasMemberus-gaap:FutureMember2024-01-012024-06-300001996862bg:EnergyDerivativesExcludingNaturalGasMemberus-gaap:FutureMemberus-gaap:LongMember2023-01-012023-12-310001996862us-gaap:ShortMemberbg:EnergyDerivativesExcludingNaturalGasMemberus-gaap:FutureMember2023-01-012023-12-310001996862us-gaap:OptionMemberbg:EnergyDerivativesExcludingNaturalGasMemberus-gaap:LongMember2024-01-012024-06-300001996862us-gaap:ShortMemberus-gaap:OptionMemberbg:EnergyDerivativesExcludingNaturalGasMember2024-01-012024-06-300001996862us-gaap:OptionMemberbg:EnergyDerivativesExcludingNaturalGasMemberus-gaap:LongMember2023-01-012023-12-310001996862us-gaap:ShortMemberus-gaap:OptionMemberbg:EnergyDerivativesExcludingNaturalGasMember2023-01-012023-12-310001996862bg:EnergyDerivativesCarbonDioxideMemberus-gaap:FutureMemberus-gaap:LongMember2024-01-012024-06-300001996862us-gaap:ShortMemberbg:EnergyDerivativesCarbonDioxideMemberus-gaap:FutureMember2024-01-012024-06-300001996862bg:EnergyDerivativesCarbonDioxideMemberus-gaap:FutureMemberus-gaap:LongMember2023-01-012023-12-310001996862us-gaap:ShortMemberbg:EnergyDerivativesCarbonDioxideMemberus-gaap:FutureMember2023-01-012023-12-310001996862bg:EnergyDerivativesCarbonDioxideMemberus-gaap:OptionMemberus-gaap:LongMember2024-01-012024-06-300001996862us-gaap:ShortMemberbg:EnergyDerivativesCarbonDioxideMemberus-gaap:OptionMember2024-01-012024-06-300001996862bg:EnergyDerivativesCarbonDioxideMemberus-gaap:OptionMemberus-gaap:LongMember2023-01-012023-12-310001996862us-gaap:ShortMemberbg:EnergyDerivativesCarbonDioxideMemberus-gaap:OptionMember2023-01-012023-12-310001996862bg:SwapsandFuturesMemberbg:OtherDerivativesMemberus-gaap:LongMember2024-06-300001996862bg:SwapsandFuturesMemberus-gaap:ShortMemberbg:OtherDerivativesMember2024-06-300001996862bg:SwapsandFuturesMemberbg:OtherDerivativesMemberus-gaap:LongMember2023-12-310001996862bg:SwapsandFuturesMemberus-gaap:ShortMemberbg:OtherDerivativesMember2023-12-310001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:SalesMember2024-04-012024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:SalesMember2023-04-012023-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:CostOfSalesMember2024-04-012024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:CostOfSalesMember2023-04-012023-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2024-04-012024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2023-04-012023-06-300001996862us-gaap:NondesignatedMemberus-gaap:CommodityContractMemberus-gaap:CostOfSalesMember2024-04-012024-06-300001996862us-gaap:NondesignatedMemberus-gaap:CommodityContractMemberus-gaap:CostOfSalesMember2023-04-012023-06-300001996862us-gaap:NondesignatedMemberbg:OtherDerivativesMemberus-gaap:CostOfSalesMember2024-04-012024-06-300001996862us-gaap:NondesignatedMemberbg:OtherDerivativesMemberus-gaap:CostOfSalesMember2023-04-012023-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:SellingGeneralAndAdministrativeExpensesMember2024-04-012024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:SellingGeneralAndAdministrativeExpensesMember2023-04-012023-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:InterestExpenseMember2024-04-012024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:InterestExpenseMember2023-04-012023-06-300001996862us-gaap:InterestRateContractMemberus-gaap:NondesignatedMemberus-gaap:InterestExpenseMember2024-04-012024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:NondesignatedMemberus-gaap:InterestExpenseMember2023-04-012023-06-300001996862us-gaap:InterestExpenseMember2024-04-012024-06-300001996862us-gaap:InterestExpenseMember2023-04-012023-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignCurrencyGainLossMemberus-gaap:ForeignExchangeContractMember2024-04-012024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignCurrencyGainLossMemberus-gaap:ForeignExchangeContractMember2023-04-012023-06-300001996862us-gaap:ForeignCurrencyGainLossMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2024-04-012024-06-300001996862us-gaap:ForeignCurrencyGainLossMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2023-04-012023-06-300001996862us-gaap:ForeignCurrencyGainLossMember2024-04-012024-06-300001996862us-gaap:ForeignCurrencyGainLossMember2023-04-012023-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMember2024-04-012024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMember2023-04-012023-06-300001996862us-gaap:NetInvestmentHedgingMember2024-04-012024-06-300001996862us-gaap:NetInvestmentHedgingMember2023-04-012023-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:SalesMember2024-01-012024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:SalesMember2023-01-012023-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2024-01-012024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2023-01-012023-06-300001996862us-gaap:NondesignatedMemberus-gaap:CommodityContractMemberus-gaap:CostOfSalesMember2024-01-012024-06-300001996862us-gaap:NondesignatedMemberus-gaap:CommodityContractMemberus-gaap:CostOfSalesMember2023-01-012023-06-300001996862us-gaap:NondesignatedMemberbg:OtherDerivativesMemberus-gaap:CostOfSalesMember2024-01-012024-06-300001996862us-gaap:NondesignatedMemberbg:OtherDerivativesMemberus-gaap:CostOfSalesMember2023-01-012023-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:SellingGeneralAndAdministrativeExpensesMember2024-01-012024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeContractMemberus-gaap:SellingGeneralAndAdministrativeExpensesMember2023-01-012023-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:InterestExpenseMember2024-01-012024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMemberus-gaap:InterestExpenseMember2023-01-012023-06-300001996862us-gaap:InterestRateContractMemberus-gaap:NondesignatedMemberus-gaap:InterestExpenseMember2024-01-012024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:NondesignatedMemberus-gaap:InterestExpenseMember2023-01-012023-06-300001996862us-gaap:InterestExpenseMember2024-01-012024-06-300001996862us-gaap:InterestExpenseMember2023-01-012023-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignCurrencyGainLossMemberus-gaap:ForeignExchangeContractMember2024-01-012024-06-300001996862us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignCurrencyGainLossMemberus-gaap:ForeignExchangeContractMember2023-01-012023-06-300001996862us-gaap:ForeignCurrencyGainLossMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2024-01-012024-06-300001996862us-gaap:ForeignCurrencyGainLossMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2023-01-012023-06-300001996862us-gaap:ForeignCurrencyGainLossMember2024-01-012024-06-300001996862us-gaap:ForeignCurrencyGainLossMember2023-01-012023-06-300001996862us-gaap:InterestRateContractMemberus-gaap:NondesignatedMemberus-gaap:OtherNonoperatingIncomeExpenseMember2024-01-012024-06-300001996862us-gaap:InterestRateContractMemberus-gaap:NondesignatedMemberus-gaap:OtherNonoperatingIncomeExpenseMember2023-01-012023-06-300001996862us-gaap:OtherNonoperatingIncomeExpenseMember2024-01-012024-06-300001996862us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMember2023-01-012023-06-300001996862us-gaap:NetInvestmentHedgingMember2024-01-012024-06-300001996862us-gaap:NetInvestmentHedgingMember2023-01-012023-06-300001996862us-gaap:RevolvingCreditFacilityMember2024-06-300001996862us-gaap:RevolvingCreditFacilityMember2023-12-310001996862us-gaap:CommercialPaperMember2024-06-300001996862us-gaap:CommercialPaperMember2023-12-310001996862bg:OtherShortTermDebtMember2024-06-300001996862bg:OtherShortTermDebtMember2023-12-310001996862bg:TermLoanSOFRDue2025Member2024-01-012024-06-300001996862bg:TermLoanSOFRDue2025Member2024-06-300001996862bg:TermLoanSOFRDue2025Member2023-12-310001996862bg:TermLoanSOFRDue2027Member2024-01-012024-06-300001996862bg:TermLoanSOFRDue2027Member2024-06-300001996862bg:TermLoanSOFRDue2027Member2023-12-310001996862bg:TermLoanSOFRPlus1.325PercentDue2028Member2024-01-012024-06-300001996862bg:TermLoanSOFRPlus1.325PercentDue2028Member2024-06-300001996862bg:TermLoanSOFRPlus1.325PercentDue2028Member2023-12-310001996862bg:SeniorNotes163PercentDue2025Member2024-06-300001996862bg:SeniorNotes163PercentDue2025Member2023-12-310001996862bg:SeniorNotes3.25PercentDue2026Member2024-06-300001996862bg:SeniorNotes3.25PercentDue2026Member2023-12-310001996862bg:SeniorNotes3.75PercentDue2027Member2024-06-300001996862bg:SeniorNotes3.75PercentDue2027Member2023-12-310001996862bg:SeniorNotes275PercentDue2031Member2024-06-300001996862bg:SeniorNotes275PercentDue2031Member2023-12-310001996862us-gaap:LongTermDebtMember2024-06-300001996862us-gaap:LongTermDebtMember2023-12-310001996862bg:OtherLongTermDebtMember2024-06-300001996862bg:OtherLongTermDebtMember2023-12-310001996862us-gaap:CommercialPaperMember2024-04-122024-04-120001996862us-gaap:CommercialPaperMember2024-04-120001996862us-gaap:SecuredDebtMember2024-06-300001996862us-gaap:SecuredDebtMember2023-12-310001996862us-gaap:FairValueInputsLevel2Member2024-06-300001996862us-gaap:FairValueInputsLevel2Member2023-12-310001996862us-gaap:SecuredDebtMember2024-06-300001996862us-gaap:SecuredDebtMember2023-12-310001996862us-gaap:RevolvingCreditFacilityMemberbg:RevolvingCreditFacilityMaturingMarch2029Memberus-gaap:LineOfCreditMember2024-03-010001996862us-gaap:RevolvingCreditFacilityMemberbg:RevolvingCreditFacilityMaturingMarch2029Memberus-gaap:LineOfCreditMember2024-03-012024-03-010001996862us-gaap:RevolvingCreditFacilityMemberbg:RevolvingCreditFacilityMaturingMarch2029Memberus-gaap:LineOfCreditMember2024-02-290001996862us-gaap:RevolvingCreditFacilityMemberbg:RevolvingCreditFacilityMaturingMarch2029Memberus-gaap:LineOfCreditMember2024-02-292024-02-290001996862bg:RevolvingCreditFacilityMaturingDecember2024Memberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-03-010001996862bg:RevolvingCreditFacilityMaturingDecember2024Memberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-03-012024-03-010001996862us-gaap:RevolvingCreditFacilityMemberbg:RevolvingCreditFacilityMaturingOctober62026Memberus-gaap:LineOfCreditMember2024-03-010001996862bg:RevolvingCreditFacilityMaturingJune192024ToApril112025Memberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-04-120001996862bg:RevolvingCreditFacilityMaturingJune192024ToApril112025Memberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-04-122024-04-120001996862bg:SumitomoMitsuiBankingCorporationMember2023-07-070001996862bg:CoBankAndUSFarmCreditSystemMemberus-gaap:DelayedDrawTermLoanMember2023-07-070001996862bg:CoBankAndUSFarmCreditSystemMemberus-gaap:DelayedDrawTermLoanMember2023-07-072023-07-070001996862bg:SumitomoMitsuiBankingCorporationMember2023-07-072023-07-070001996862bg:SumitomoMitsuiBankingCorporationMemberbg:DebtInstrumentTrancheOneMember2023-07-072023-07-070001996862bg:SumitomoMitsuiBankingCorporationMemberbg:DebtInstrumentTrancheTwoMember2023-07-072023-07-070001996862bg:SumitomoMitsuiBankingCorporationMemberbg:DebtInstrumentTrancheThreeMember2023-07-072023-07-070001996862us-gaap:SupplierConcentrationRiskMembersrt:MaximumMemberus-gaap:RelatedPartyMemberus-gaap:CostOfGoodsTotalMember2024-04-012024-06-300001996862us-gaap:SupplierConcentrationRiskMembersrt:MaximumMemberus-gaap:RelatedPartyMemberus-gaap:CostOfGoodsTotalMember2023-04-012023-06-300001996862us-gaap:SupplierConcentrationRiskMembersrt:MaximumMemberus-gaap:RelatedPartyMemberus-gaap:CostOfGoodsTotalMember2023-01-012023-06-300001996862us-gaap:SupplierConcentrationRiskMembersrt:MaximumMemberus-gaap:RelatedPartyMemberus-gaap:CostOfGoodsTotalMember2024-01-012024-06-300001996862srt:MaximumMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:RelatedPartyMember2023-04-012023-06-300001996862srt:MaximumMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:RelatedPartyMember2023-01-012023-06-300001996862srt:MaximumMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:RelatedPartyMember2024-04-012024-06-300001996862srt:MaximumMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001996862srt:MaximumMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001996862srt:MaximumMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:RelatedPartyMember2023-01-012023-12-310001996862us-gaap:SupplierConcentrationRiskMembersrt:MaximumMemberbg:TradeAccountsPayableBenchmarkMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001996862us-gaap:SupplierConcentrationRiskMembersrt:MaximumMemberbg:TradeAccountsPayableBenchmarkMemberus-gaap:RelatedPartyMember2023-01-012023-12-310001996862srt:MaximumMemberus-gaap:OtherCurrentAssetsMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001996862srt:MaximumMemberus-gaap:OtherCurrentAssetsMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:RelatedPartyMember2023-01-012023-12-310001996862srt:MaximumMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:RelatedPartyMember2023-01-012023-12-310001996862srt:MaximumMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001996862bg:NonIncomeTaxClaimsMember2024-06-300001996862bg:NonIncomeTaxClaimsMember2023-12-310001996862bg:LaborClaimsMember2024-06-300001996862bg:LaborClaimsMember2023-12-310001996862bg:CivilAndOtherClaimsMember2024-06-300001996862bg:CivilAndOtherClaimsMember2023-12-310001996862bg:TaxReturnExamination1990ToPresentMembercountry:BRbg:ICMSTaxLiabilityMember2024-01-012024-06-300001996862bg:TaxReturnExamination1990ToPresentMembercountry:BRbg:ICMSTaxLiabilityMember2023-01-012023-12-310001996862bg:PisCofinsLiabilityMembercountry:BRbg:TaxReturnExamination2002ToPresentMember2024-01-012024-06-300001996862bg:PisCofinsLiabilityMembercountry:BRbg:TaxReturnExamination2002ToPresentMember2023-01-012023-12-310001996862bg:UnconsolidatedAffiliatesFinancingGuaranteesMember2024-06-300001996862bg:ResidualValueGuaranteeMember2024-06-300001996862bg:RussiaDispositionGuaranteeMember2024-06-300001996862us-gaap:GuaranteeTypeOtherMember2024-06-3000019968622023-06-110001996862bg:CommonStockOutstandingMember2024-01-012024-06-300001996862bg:CommonStockOutstandingMember2021-11-012024-06-300001996862us-gaap:DividendDeclaredMember2024-05-152024-05-1500019968622024-05-152024-05-150001996862bg:QuarterlyInstallmentMember2024-04-012024-06-300001996862us-gaap:AccumulatedTranslationAdjustmentMember2024-03-310001996862us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-03-310001996862us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-03-310001996862us-gaap:AccumulatedTranslationAdjustmentMember2024-04-012024-06-300001996862us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-04-012024-06-300001996862us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-04-012024-06-300001996862us-gaap:AccumulatedTranslationAdjustmentMember2024-06-300001996862us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-06-300001996862us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-06-300001996862us-gaap:AccumulatedTranslationAdjustmentMember2023-03-310001996862us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-03-310001996862us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-03-310001996862us-gaap:AccumulatedTranslationAdjustmentMember2023-04-012023-06-300001996862us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-04-012023-06-300001996862us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-04-012023-06-300001996862us-gaap:AccumulatedTranslationAdjustmentMember2023-06-300001996862us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-06-300001996862us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-06-300001996862us-gaap:AccumulatedTranslationAdjustmentMember2023-12-310001996862us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-12-310001996862us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-12-310001996862us-gaap:AccumulatedTranslationAdjustmentMember2024-01-012024-06-300001996862us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-01-012024-06-300001996862us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-01-012024-06-300001996862us-gaap:AccumulatedTranslationAdjustmentMember2022-12-310001996862us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-12-310001996862us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-12-310001996862us-gaap:AccumulatedTranslationAdjustmentMember2023-01-012023-06-300001996862us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-01-012023-06-300001996862us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-01-012023-06-300001996862bg:StockOptionsAndContingentlyIssuableRestrictedStockUnitsMember2023-04-012023-06-300001996862bg:StockOptionsAndContingentlyIssuableRestrictedStockUnitsMember2023-01-012023-06-300001996862bg:StockOptionsAndContingentlyIssuableRestrictedStockUnitsMember2024-01-012024-06-300001996862bg:StockOptionsAndContingentlyIssuableRestrictedStockUnitsMember2024-04-012024-06-300001996862bg:SugarAndBioenergyMemberbg:BPBungeBioenergiaMember2024-06-300001996862bg:AgribusinessMemberus-gaap:OperatingSegmentsMember2024-04-012024-06-300001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:OperatingSegmentsMember2024-04-012024-06-300001996862bg:MillingProductsMemberus-gaap:OperatingSegmentsMember2024-04-012024-06-300001996862bg:SugarAndBioenergyMemberus-gaap:OperatingSegmentsMember2024-04-012024-06-300001996862bg:CorporateAndReconcilingItemsMember2024-04-012024-06-300001996862us-gaap:IntersegmentEliminationMemberbg:AgribusinessMember2024-04-012024-06-300001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:IntersegmentEliminationMember2024-04-012024-06-300001996862us-gaap:IntersegmentEliminationMemberbg:MillingProductsMember2024-04-012024-06-300001996862us-gaap:IntersegmentEliminationMemberbg:SugarAndBioenergyMember2024-04-012024-06-300001996862us-gaap:IntersegmentEliminationMember2024-04-012024-06-300001996862bg:SugarAndBioenergyMemberus-gaap:OperatingSegmentsMember2024-06-300001996862bg:CorporateAndReconcilingItemsMember2024-06-300001996862us-gaap:IntersegmentEliminationMember2024-06-300001996862bg:AgribusinessMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001996862bg:MillingProductsMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001996862bg:SugarAndBioenergyMemberus-gaap:OperatingSegmentsMember2023-04-012023-06-300001996862bg:CorporateAndReconcilingItemsMember2023-04-012023-06-300001996862us-gaap:IntersegmentEliminationMemberbg:AgribusinessMember2023-04-012023-06-300001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:IntersegmentEliminationMember2023-04-012023-06-300001996862us-gaap:IntersegmentEliminationMemberbg:MillingProductsMember2023-04-012023-06-300001996862us-gaap:IntersegmentEliminationMemberbg:SugarAndBioenergyMember2023-04-012023-06-300001996862us-gaap:IntersegmentEliminationMember2023-04-012023-06-300001996862bg:AgribusinessMemberus-gaap:OperatingSegmentsMember2023-06-300001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:OperatingSegmentsMember2023-06-300001996862bg:MillingProductsMemberus-gaap:OperatingSegmentsMember2023-06-300001996862bg:SugarAndBioenergyMemberus-gaap:OperatingSegmentsMember2023-06-300001996862bg:CorporateAndReconcilingItemsMember2023-06-300001996862us-gaap:IntersegmentEliminationMember2023-06-300001996862bg:AgribusinessMemberus-gaap:OperatingSegmentsMember2024-01-012024-06-300001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:OperatingSegmentsMember2024-01-012024-06-300001996862bg:MillingProductsMemberus-gaap:OperatingSegmentsMember2024-01-012024-06-300001996862bg:SugarAndBioenergyMemberus-gaap:OperatingSegmentsMember2024-01-012024-06-300001996862bg:CorporateAndReconcilingItemsMember2024-01-012024-06-300001996862us-gaap:IntersegmentEliminationMemberbg:AgribusinessMember2024-01-012024-06-300001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:IntersegmentEliminationMember2024-01-012024-06-300001996862us-gaap:IntersegmentEliminationMemberbg:MillingProductsMember2024-01-012024-06-300001996862us-gaap:IntersegmentEliminationMemberbg:SugarAndBioenergyMember2024-01-012024-06-300001996862us-gaap:IntersegmentEliminationMember2024-01-012024-06-300001996862bg:AgribusinessMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001996862bg:MillingProductsMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001996862bg:SugarAndBioenergyMemberus-gaap:OperatingSegmentsMember2023-01-012023-06-300001996862bg:CorporateAndReconcilingItemsMember2023-01-012023-06-300001996862us-gaap:IntersegmentEliminationMemberbg:AgribusinessMember2023-01-012023-06-300001996862bg:RefinedAndSpecialtyOilsMemberus-gaap:IntersegmentEliminationMember2023-01-012023-06-300001996862us-gaap:IntersegmentEliminationMemberbg:MillingProductsMember2023-01-012023-06-300001996862us-gaap:IntersegmentEliminationMemberbg:SugarAndBioenergyMember2023-01-012023-06-300001996862us-gaap:IntersegmentEliminationMember2023-01-012023-06-30
Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
☒
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2024
OR
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from        to       
Commission File Number 000-56607
BUNGE GLOBAL SA
(Exact name of registrant as specified in its charter)
Switzerland98-1743397
(State or other jurisdiction of incorporation or
organization)		(I.R.S. Employer Identification No.)
Route de Florissant 13
1206 Geneva, Switzerland
N.A
(Address of registered office and principal executive office)(Zip Code)
1391 Timberlake Manor Parkway
Chesterfield, Missouri63017
(Address of corporate headquarters)(Zip Code)
(314) 292-2000
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Registered Shares, $0.01 par value per share BG New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  ý  No  o
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes  ý  No  o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filerýAccelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act   ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.  Yes  ☐  No  ý
As of July 26, 2024, the number of registered shares outstanding of the registrant was:
Registered shares, par value $.01 per share:141,651,464

Table of Contents
BUNGE GLOBAL SA
TABLE OF CONTENTS
  Page
 
   
Item 1. 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
Item 2.
   
Item 3.
   
Item 4.
   
 
   
Item 1.
  
Item 1A.
  
Item 2.
  
Item 3.
  
Item 4.
  
Item 5.
  
Item 6.
   
2
Table of Contents
PART I — FINANCIAL INFORMATION
ITEM 1.    FINANCIAL STATEMENTS

BUNGE GLOBAL SA AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(Unaudited)
(U.S. dollars in millions, except per share data)
Three Months Ended
June 30,		Six Months Ended
June 30,
 2024202320242023
Net sales$13,241 $15,049 $26,658 $30,377 
Cost of goods sold(12,577)(13,684)(25,118)(27,831)
Gross profit664 1,365 1,540 2,546 
Selling, general and administrative expenses(449)(420)(888)(773)
Interest income37 40 79 83 
Interest expense(123)(129)(231)(241)
Foreign exchange (losses) gains – net(37)(66)(115)(17)
Other income (expense) – net57 12 125 27 
Income (loss) from affiliates(46)25 (38)44 
Income (loss) before income tax103 827 472 1,669 
Income tax (expense) benefit(30)(198)(147)(381)
Net income (loss)73 629 325 1,288 
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests(3)(7)(11)(34)
Net income (loss) attributable to Bunge $70 $622 $314 $1,254 
     00
Earnings per share—basic (Note 18)    
Net income (loss) attributable to Bunge shareholders - basic$0.49 $4.13 $2.20 $8.34 
Earnings per share—diluted (Note 18)    
Net income (loss) attributable to Bunge shareholders - diluted$0.48 $4.09 $2.17 $8.24 
The accompanying notes are an integral part of these condensed consolidated financial statements.
3
Table of Contents
BUNGE GLOBAL SA AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Unaudited)
(U.S. dollars in millions)
Three Months Ended
June 30,		Six Months Ended
June 30,
 2024202320242023
Net income (loss)$73 $629 $325 $1,288 
Other comprehensive income (loss):    
Foreign exchange translation adjustment(352)143 (536)268 
Unrealized gains (losses) on designated hedges, net of tax (expense) benefit of $1 and $2 in 2024 and $(2) and $(3) in 2023
87 (66)125 (92)
Reclassification of net (gains) losses to net income, net of tax expense (benefit) of zero in 2024 and $(1) and $(1) in 2023
2 (1)(1)103 
Total other comprehensive income (loss)(263)76 (412)279 
Total comprehensive income (loss)(190)705 (87)1,567 
Comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests8 (3)9 (33)
Total comprehensive income (loss) attributable to Bunge
$(182)$702 $(78)$1,534 
The accompanying notes are an integral part of these condensed consolidated financial statements.


4
Table of Contents
BUNGE GLOBAL SA AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(U.S. dollars in millions, except share data)
June 30,
2024		December 31,
2023
ASSETS  
Current assets:  
Cash and cash equivalents$1,161 $2,602 
Trade accounts receivable (less allowances of $92 and $104) (Note 4)
2,277 2,592 
Inventories (Note 5)8,057 7,105 
Other current assets (Note 6)3,957 4,051 
Total current assets15,452 16,350 
Property, plant and equipment, net4,751 4,541 
Operating lease assets927 926 
Goodwill466 489 
Other intangible assets, net355 398 
Investments in affiliates1,193 1,280 
Deferred income taxes698 773 
Other non-current assets (Note 7)586 615 
Total assets$24,428 $25,372 
LIABILITIES AND EQUITY  
Current liabilities:  
Short-term debt (Note 13)$949 $797 
Current portion of long-term debt (Note 13)5 5 
Trade accounts payable (includes $908 and $823 carried at fair value) (Note 11)
3,429 3,664 
Current operating lease obligations300 308 
Other current liabilities (Note 10)2,923 2,913 
Total current liabilities7,606 7,687 
Long-term debt (Note 13)4,086 4,080 
Deferred income taxes369 400 
Non-current operating lease obligations577 566 
Other non-current liabilities (Note 16)805 824 
Redeemable noncontrolling interest 1 1 
Equity (Note 17):
  
Registered shares, par value $.01; authorized not issued – 80,714,736 shares; conditionally authorized 32,285,894 shares; issued and outstanding: 2024 – 141,641,323 shares, 2023 – 145,319,668 shares
1 1 
Additional paid-in capital5,869 5,900 
Retained earnings12,005 12,077 
Accumulated other comprehensive income (loss) (Note 17)(6,446)(6,054)
Treasury shares, at cost; 2024 - 19,788,149 shares and 2023 - 16,109,804 shares
(1,427)(1,073)
Total Bunge shareholders’ equity10,002 10,851 
Noncontrolling interests982 963 
Total equity10,984 11,814 
Total liabilities, redeemable noncontrolling interest and equity$24,428 $25,372 
The accompanying notes are an integral part of these condensed consolidated financial statements.
5
Table of Contents
BUNGE GLOBAL SA AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(U.S. dollars in millions)
Six Months Ended
June 30,
 20242023
OPERATING ACTIVITIES  
Net income (loss)$325 $1,288 
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:  
Impairment charges9 22 
Foreign exchange (gain) loss on net debt103 (174)
Depreciation, depletion and amortization226 208 
Share-based compensation expense34 34 
Deferred income tax expense (benefit)(27)67 
Results from affiliates38 (61)
Other, net49 53 
Changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions:  
Trade accounts receivable173 290 
Inventories(1,273)(195)
Secured advances to suppliers88 (11)
Trade accounts payable and accrued liabilities(147)(605)
Advances on sales(90)(220)
Net unrealized (gains) losses on derivative contracts329 (262)
Margin deposits(315)(22)
Recoverable and income taxes, net(149)(87)
Marketable securities(21)36 
Other, net168 111 
Cash provided by (used for) operating activities(480)472 
INVESTING ACTIVITIES  
Payments made for capital expenditures(533)(541)
Proceeds from investments554 14 
Payments for investments(638)(20)
Settlements of net investment hedges(1)(48)
Proceeds from beneficial interest in securitized trade receivables— 79 
Proceeds from disposals of businesses and property, plant and equipment3 162 
Proceeds from investments in affiliates103 — 
Payments for investments in affiliates(18)(130)
Other, net(18)100 
Cash provided by (used for) investing activities(548)(384)
FINANCING ACTIVITIES  
Net change in short-term debt with maturities of three months or less271 (26)
Proceeds from short-term debt with maturities greater than three months496 457 
Repayments of short-term debt with maturities greater than three months(590)(282)
Proceeds from long-term debt15 978 
Repayments of long-term debt(1)(879)
Repurchases of registered shares(400)— 
Dividends paid to registered and common shareholders(191)(188)
Capital contributions from (Return of capital to) noncontrolling interest31 33 
Other, net(19)(1)
Cash provided by (used for) financing activities(388)92 
Effect of exchange rate changes on cash and cash equivalents, and restricted cash(6)28 
Net increase (decrease) in cash and cash equivalents, and restricted cash(1,422)208 
Cash and cash equivalents, and restricted cash - beginning of period2,623 1,152 
Cash and cash equivalents, and restricted cash - end of period$1,201 $1,360 
The accompanying notes are an integral part of these condensed consolidated financial statements.
6
Table of Contents
BUNGE GLOBAL SA AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS
(Unaudited)
(U.S. dollars in millions, except share data)
Registered SharesTreasury Shares
Redeemable
Non-
Controlling
Interests		SharesAmountSharesAmountAdditional
Paid-in
Capital		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss)		Non-
Controlling
Interests		Total
Equity
Balance, April 1, 2024$1 141,582,461 $1 19,847,011 $(1,431)$5,854 $12,321 $(6,194)$977 $11,528 
Net income (loss)— — — — — — 70 — 3 73 
Other comprehensive income (loss)— — — — — — — (252)(11)(263)
Dividends on registered shares, $2.72 per share
— — — — — — (385)— — (385)
Dividends to noncontrolling interests on subsidiary common stock— — — — — — — — (3)(3)
Capital contribution (return) from (to) noncontrolling interest— — — — — — — — 16 16 
Share-based compensation expense— — — — — 17 — — — 17 
Issuance of registered shares, including stock dividends— 58,862 — (58,862)4 (2)(1)— — 1 
Balance, June 30, 2024$1 141,641,323 $1 19,788,149 $(1,427)$5,869 $12,005 $(6,446)$982 $10,984 
 Common SharesTreasury Shares
 Redeemable
Non-
Controlling
Interests		SharesAmountSharesAmountAdditional
Paid-in
Capital		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss)		Non-
Controlling
Interests		Total
Equity
Balance, April 1, 2023$4 150,585,513 $1 18,835,812 $(1,320)$6,688 $10,757 $(6,171)$764 $10,719 
Net income (loss)— — — — — — 622 — 7 629 
Other comprehensive income (loss)— — — — — — — 80 (4)76 
Dividends on common shares, $0.6625 per share
— — — — — — (100)— — (100)
Dividends to noncontrolling interests on subsidiary common stock— — — — — — — — (15)(15)
Capital contribution (return) from (to) noncontrolling interest— — — — — — — — 31 31 
Share-based compensation expense— — — — — 17 — — — 17 
Issuance of common shares, including stock dividends— 44,696 — — — 1 — — — 1 
Balance, June 30, 2023$4 150,630,209 $1 18,835,812 $(1,320)$6,706 $11,279 $(6,091)$783 $11,358 
7
Table of Contents
 Registered SharesTreasury Shares
 Redeemable
Non-
Controlling
Interests		SharesAmountSharesAmountAdditional
Paid-in
Capital		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss)		Non-
Controlling
Interests		Total
Equity
Balance, January 1, 2024$1 145,319,668 $1 16,109,804 $(1,073)$5,900 $12,077 $(6,054)$963 $11,814 
Net income (loss) — — — — — — 314 — 11 325 
Other comprehensive income (loss)— — — — — — — (392)(20)(412)
Dividends on shares, $2.72 per share
— — — — — — (385)— — (385)
Dividends to noncontrolling interests on subsidiary common stock— — — — — — — — (3)(3)
Capital contribution (return) from (to) noncontrolling interest— — — — — — — — 31 31 
Share-based compensation expense— — — — — 34 — — — 34 
Repurchase of registered shares— (4,376,974)— 4,376,974 (400)— — — — (400)
Issuance of registered shares, including stock dividends— 698,629 — (698,629)46 (65)(1)— — (20)
Balance, June 30, 2024$1 141,641,323 $1 19,788,149 $(1,427)$5,869 $12,005 $(6,446)$982 $10,984 

 Common SharesTreasury Shares
 Redeemable
Non-
Controlling
Interests		SharesAmountSharesAmountAdditional
Paid-in
Capital		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss)		Non-
Controlling
Interests		Total
Equity
Balance, January 1, 2023$4 149,907,932 $1 18,835,812 $(1,320)$6,692 $10,222 $(6,371)$732 $9,956 
Net income (loss)— — — — — — 1,254 — 34 1,288 
Other comprehensive income (loss)— — — — — — — 280 (1)279 
Dividends on common shares, $1.2875 per share
— — — — — — (194)— — (194)
Dividends to noncontrolling interests on subsidiary common stock— — — — — — — — (15)(15)
Capital contribution (return) from (to) noncontrolling interest— — — — — — — — 33 33 
Share-based compensation expense— — — — — 34 — — — 34 
Issuance of common shares, including stock dividends— 722,277 — — — (20)(3)— — (23)
Balance, June 30, 2023$4 150,630,209 $1 18,835,812 $(1,320)$6,706 $11,279 $(6,091)$783 $11,358 
The accompanying notes are an integral part of these condensed consolidated financial statements.
8
Table of Contents
BUNGE GLOBAL SA AND SUBSIDIARIES
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
1.    BASIS OF PRESENTATION, PRINCIPLES OF CONSOLIDATION, AND SIGNIFICANT ACCOUNTING POLICIES
The accompanying unaudited condensed consolidated financial statements include the accounts of Bunge Global SA ("Bunge" or the "Company"), its subsidiaries and variable interest entities ("VIEs") in which Bunge is considered to be the primary beneficiary, and as a result, include the assets, liabilities, revenues, and expenses of all entities over which Bunge has a controlling financial interest. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X under the Securities Exchange Act of 1934, as amended ("Exchange Act"). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to Securities and Exchange Commission ("SEC") rules. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included. The condensed consolidated balance sheet at December 31, 2023 has been derived from Bunge’s audited consolidated financial statements at that date. Operating results for the six months ended June 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024. The financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2023, forming part of Bunge’s 2023 Annual Report on Form 10-K filed with the SEC on February 22, 2024.
On November 1, 2023, Bunge Global SA completed the change of jurisdiction of incorporation of its group holding company from Bermuda to Switzerland (the "Redomestication"). The Redomestication, as approved by our shareholders, was effected pursuant to a scheme of arrangement under Bermuda law. Each common share of Bunge Limited, par value $0.01 per share, was cancelled in exchange for an equal number of registered shares of Bunge Global SA, par value $0.01 per share (the "registered shares"). The registered shares began trading on the New York Stock Exchange (the "NYSE") under the symbol "BG" on November 1, 2023, which is the same symbol under which the Bunge Limited shares were previously traded. References to the term "shares" refer to Bunge Limited common shares prior to the Redomestication and to Bunge Global SA registered shares after the Redomestication, unless otherwise specified.
Cash, Cash Equivalents, and Restricted Cash
Restricted cash is included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the condensed consolidated statements of cash flows. The following table provides a reconciliation of cash and cash equivalents and restricted cash, reported within the condensed consolidated balance sheets, which sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows.
(US$ in millions)June 30, 2024June 30, 2023
Cash and cash equivalents$1,161 $1,330 
Restricted cash included in Other current assets40 30 
Total$1,201 $1,360 
Cash paid for income taxes, net of refunds received, was $244 million and $312 million for the six months ended June 30, 2024, and 2023, respectively. Cash paid for interest expense was $207 million and $242 million for the six months ended June 30, 2024, and 2023, respectively.






9
Table of Contents
New Accounting Pronouncements and Disclosure Rules
In March 2024, the SEC adopted final climate-related disclosure rules under SEC Release No. 33-11275, The Enhancement and Standardization of Climate-Related Disclosures for Investors. The rules require disclosure of governance, risk management, and strategy related to material climate-related risks as well as disclosure of material greenhouse gas emissions in registration statements and annual reports. In addition, the rules require presentation of certain climate-related disclosures in the annual consolidated financial statements. On April 4, 2024, the SEC voluntarily stayed the effective date of the final rules pending completion of judicial review following certain legal challenges. The rules are effective beginning with annual periods ending December 31, 2025, pending resolution of the stay. Bunge is currently evaluating the impact of the rules on the Company’s disclosures.
In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures (Topic 740). The standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. The new requirements apply to all entities subject to income taxes and will be effective for annual periods beginning after December 15, 2024. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively and early adoption is permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements.
In November 2023, the FASB issued ASU 2023-07, Segment Reporting—Improvements to Reportable Segment Disclosures (Topic 280). The standard requires incremental disclosures related to reportable segments, including disaggregated expense information and the title and position of the company's chief operating decision maker ("CODM"), as identified for purposes of segment determination. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Entities must adopt the changes to the segment reporting guidance on a retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements.

2.    ACQUISITIONS AND DISPOSITIONS
Acquisitions
Viterra Limited Business Combination Agreement
On June 13, 2023, Bunge entered into a definitive business combination agreement (the "Business Combination Agreement") with Viterra Limited ("Viterra") and its shareholders including certain affiliates of Glencore PLC, Canada Pension Plan Investment Board, and British Columbia Investment Management Corporation (collectively, the "Sellers"), to acquire Viterra in a stock and cash transaction (the "Acquisition"). Bunge shareholders approved the Acquisition at the Extraordinary General Meeting held October 5, 2023. The Acquisition of Viterra by Bunge will create an innovative global agribusiness company well positioned to meet the demands of increasingly complex markets and better serve farmers and end-customers.
Under the terms of the Business Combination Agreement, Viterra shareholders are anticipated to receive approximately 65.6 million registered shares of Bunge, with an aggregate value of approximately $7.0 billion as of June 30, 2024 and receive approximately $2.0 billion in cash (collectively the "Transaction Consideration"), in return for 100% of the outstanding equity of Viterra. The determination of the final value of the Transaction Consideration will depend on the Company's share price at the time of closing. Upon completion of the transaction, the Sellers are expected to own approximately 30% of the combined Bunge company on a fully diluted basis, before giving effect to any share repurchases by Bunge occurring after June 13, 2023.
In connection with the execution of the Business Combination Agreement, Bunge has secured a total of $8.0 billion in acquisition debt financing ("Acquisition Financing"). Bunge intends to use a portion of the Acquisition Financing to fund the cash portion of the Transaction Consideration and the remainder for repayment of certain indebtedness of Viterra, which is expected to be repaid at closing. See Note 13 - Debt for further information.
The Acquisition is subject to the satisfaction of regulatory approvals and other customary closing conditions. The Acquisition is expected to receive the remaining regulatory approvals and close in the next several months. The Business Combination Agreement may be terminated by mutual written consent of the parties and includes certain customary termination rights. If the Business Combination Agreement is terminated in connection with certain circumstances relating to the failure to obtain certain antitrust and competition clearances that are conditions to closing, Bunge would be obligated to pay the Sellers a fee of $400 million in the aggregate.
10
Table of Contents
Additionally, on June 12, 2023 in contemplation of the Business Combination Agreement, Bunge Limited's Board of Directors approved a $1.7 billion expansion of the existing share repurchase program for the repurchase of Bunge's issued and outstanding shares. Approximately $300 million remained outstanding under the existing program prior to the expansion of the program, resulting in an aggregate program size of up to $2.0 billion of repurchases of Bunge's issued and outstanding shares. Since June 13, 2023, Bunge repurchased 9,784,835 shares for $1.0 billion. Therefore, as of June 30, 2024, $1.0 billion remains outstanding for repurchases under the program. See Note 17 - Equity for further details on share repurchases.
CJ Latam and Selecta Share Purchase Agreement
On October 10, 2023, Bunge entered into a definitive share purchase agreement with CJ CheilJedang Corporation and STIC CJ Global Investment Corporate Partnership Private Equity Fund to acquire 100% of outstanding equity of CJ Latam Participações Ltda. and CJ Selecta S.A. (collectively, “CJ”) for a total cash consideration of approximately $510 million to be adjusted for net debt, plus an additional sum in consideration for the value of net working capital. Operations of CJ primarily consist of an oilseed processing facility located in Brazil. Bunge expects to finance the transaction through cash from operations and existing financing facilities. The acquisition is expected to close in the last half of 2024, subject to customary closing conditions.
Dispositions
BP Bunge Bioenergia
On June 19, 2024, Bunge entered into a definitive share purchase agreement with BP Biofuels Brazil Investment Limited ("BP") to sell its 50% ownership share in BP Bunge Bioenergia, a joint venture formed to cultivate sugar cane, produce and sell sugar and sugar ethanol, and create power cogeneration activities, for an approximate total net amount of $800 million, depending on timing of closing and customary closing adjustments. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions. Further, upon transaction close, Bunge will indemnify BP against certain legal claims as defined in the share purchase agreement.
During the quarter, Bunge received a refundable deposit towards the closing purchase price of $103 million, which is recorded within Other current liabilities on the condensed consolidated balance sheet at June 30, 2024 and as an investing cash inflow within Proceeds from investments in affiliates on the condensed consolidated statement of cash flows for the six months ended June 30, 2024.
As of June 30, 2024, the carrying value of Bunge's investment in BP Bunge Bioenergia is $432 million. The investment is reported within Investments in affiliates in the Sugar and Bioenergy segment on the condensed consolidated balance sheet. Additionally, $(79) million of Bunge's Accumulated other comprehensive income (loss) as of June 30, 2024 is related to the investment in BP Bunge Bioenergia.
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 will divest 40% of its Spanish operating subsidiary, Bunge Iberica SA ("BISA"), in exchange for $300 million plus up to $40 million in contingent payments, as well as certain adjustments in consideration, including net working capital and net debt, among other items. BISA operates three industrial facilities in the Iberian Peninsula. The transaction is expected to close in late 2024, subject to customary closing conditions.

3.    TRADE STRUCTURED FINANCE PROGRAM
The Company engages in various trade structured finance activities to leverage the value of its global trade flows. These activities include programs under which the Company generally obtains U.S. dollar and foreign currency-denominated letters of credit ("LCs") from financial institutions, each based on an underlying commodity trade flow, and time deposits denominated in U.S. dollars and foreign currencies, as well as foreign exchange forward contracts, in which trade related payables are set-off against receivables, all of which are subject to legally enforceable set-off agreements.
            As of June 30, 2024, and December 31, 2023, time deposits and LCs of $8,092 million and $6,880 million, respectively, were presented net on the condensed consolidated balance sheets as the criteria of ASC 210-20, Offsetting, had been met. The net losses and gains related to such activities are included as an adjustment to Cost of goods sold in the accompanying condensed consolidated statements of income. At June 30, 2024, and December 31, 2023, time deposits, including those presented on a net basis, carried weighted-average interest rates of 5.87% and 5.77%, respectively. During the six months ended June 30, 2024 and 2023, total net proceeds from issuances of LCs were $4,310 million and $3,035 million,
11
Table of Contents
respectively. These cash inflows were offset by the related cash outflows resulting from placement of the time deposits and repayment of the LCs. All cash flows related to the programs are included in operating activities in the condensed consolidated statements of cash flows.
As part of the trade structured finance activities, LCs may be sold to financial institutions on a discounted basis. Bunge does not service derecognized LCs. The terms of the sale may require the Company to continue to make periodic interest payments to financial institutions based on changes in the Secured Overnight Financing Rate ("SOFR") for a period of up to one year. Bunge’s payment obligation to financial institutions as part of the trade structured finance activities, reported in Other current liabilities, including any unrealized gain or loss on changes in SOFR is not significant as of June 30, 2024 or December 31, 2023. The notional amounts of LCs subject to continuing variable interest payments that have been derecognized from the Company's condensed consolidated balance sheets as of June 30, 2024, and December 31, 2023 are included in Note 12 - Derivative Instruments And Hedging Activities. The net gain or loss included in Cost of goods sold resulting from the fair valuation of such variable interest rate obligations is not significant for the three and six month periods ended June 30, 2024 and 2023.

4.    TRADE ACCOUNTS RECEIVABLE AND TRADE RECEIVABLES SECURITIZATION PROGRAM
Trade Accounts Receivable
Changes to the allowance for expected credit losses related to Trade accounts receivable were as follows:
Six Months Ended June 30, 2024
Rollforward of the Allowance for Credit Losses (US$ in millions)Short-term
Long-term (1)
Total
Allowance as of January 1, 2024$104 $32 $136 
Current period provisions25 — 25 
Recoveries(26)— (26)
Write-offs charged against the allowance(7)(1)(8)
Foreign exchange translation differences(4)(3)(7)
Allowance as of June 30, 2024
$92 $28 $120 

(1)     Long-term portion of the allowance for credit losses is included in Other non-current assets.

Six Months Ended June 30, 2023
Rollforward of the Allowance for Credit Losses (US$ in millions)Short-term
Long-term (1)
Total
Allowance as of January 1, 2023$90 $46 $136 
Current period provisions39 — 39 
Recoveries(33)(1)(34)
Write-offs charged against the allowance(1)(12)(13)
Foreign exchange translation differences2 1 3 
Allowance as of June 30, 2023
$97 $34 $131 
(1)     Long-term portion of the allowance for credit losses is included in Other non-current assets.

Trade Receivables Securitization Program
Bunge and certain of its subsidiaries participate in a trade receivables securitization program (the "Program") with a financial institution, as administrative agent, and certain commercial paper conduit purchasers and committed purchasers (collectively, the "Purchasers"). Koninklijke Bunge B.V., a wholly owned subsidiary of Bunge, acts as master servicer, responsible for servicing and collecting the accounts receivable for the Program. The Program is designed to enhance Bunge’s financial flexibility by providing an additional source of liquidity for its operations.
12
Table of Contents
The Program provides for funding of up to $1.5 billion and from time to time with the consent of the administrative agent, Bunge may request one or more of the existing committed purchasers or new committed purchasers to increase the total commitments by an amount not to exceed $1 billion pursuant to an accordion provision. The Program will terminate on May 17, 2031; however, each committed purchaser's commitment to purchase trade receivables under the Program will terminate earlier on December 17, 2024, with a feature that permits Bunge to request 364-day extensions. The Program includes sustainability provisions, pursuant to which the applicable margin will be increased or decreased based on Bunge's performance relative to certain sustainability targets, including, but not limited to, science-based targets ("SBTs") that define Bunge's climate goals within its operations and a commitment to a deforestation-free supply chain in 2025.
Under the Program's pledge structure, Bunge Securitization B.V. ("BSBV"), a consolidated bankruptcy remote special purpose entity, transfers certain trade receivables to the Purchasers in exchange for a cash payment up to the aggregate size of the Program. Bunge also retains ownership of a population of unsold receivables. BSBV agrees to guaranty the collection of sold receivables and grants a lien to the administrative agent on all unsold receivables. Collections on unsold receivables and guarantee payments are classified as operating activities in Bunge’s condensed consolidated statements of cash flows.

(US$ in millions)June 30,
2024		December 31,
2023
Receivables sold which were derecognized from Bunge's balance sheet
$1,161 $1,230 
Receivables pledged to the administrative agent and included in Trade accounts receivable
$249 $343 
Bunge's risk of loss following the sale of trade receivables is limited to the assets of BSBV, primarily comprised of unsold receivables pledged to the administrative agent.
    The table below summarizes the cash flows and discounts of Bunge’s trade receivables associated with the Program. Servicing fees under the Program were not significant in any period.
Six Months Ended
June 30,
(US$ in millions)20242023
Gross receivables sold$5,724 $6,901 
Proceeds received in cash related to transfers of receivables
$5,704 $6,872 
Cash collections from customers on receivables previously sold $5,793 $6,901 
Discounts related to gross receivables sold included in Selling, general & administrative expenses$20 $29 

5.    INVENTORIES
Inventories by segment consist of the following:
(US$ in millions)June 30,
2024		December 31,
2023
Agribusiness$6,848 $5,830 
Refined and Specialty Oils1,061 1,096 
Milling143 175 
Corporate and Other5 4 
Total$8,057 $7,105 
Readily marketable inventories ("RMI") are agricultural commodity inventories, such as soybeans, soybean meal, soybean oil, palm oil, corn, and wheat carried at fair value because of their commodity characteristics, widely available markets, and international pricing mechanisms. All other inventories are carried at lower of cost or net realizable value.
13
Table of Contents
RMI by segment consists of the following:
(US$ in millions)June 30,
2024		December 31,
2023
Agribusiness(1)
$6,503 $5,519 
Refined and Specialty Oils269 302 
Milling4 16 
Total$6,776 $5,837 
(1)    The Company engages in trading and distribution, or merchandising activities, and part of RMI can be attributable to such activities and is not held for processing. Included in RMI is $5,527 million and $4,242 million attributable to merchandising activities at June 30, 2024, and December 31, 2023, respectively.

6.    OTHER CURRENT ASSETS
Other current assets consist of the following:
(US$ in millions)June 30,
2024		December 31,
2023
Unrealized gains on derivative contracts, at fair value$1,256 $1,481 
Prepaid commodity purchase contracts (1)
492 320 
Secured advances to suppliers, net (2)
124 462 
Recoverable taxes, net315 378 
Margin deposits932 618 
Marketable securities and other short-term investments (3)
166 105 
Income taxes receivable97 54 
Prepaid expenses224 346 
Restricted cash