Bunge Limited (BG) 10-K 25 Feb 16 2015 FY Annual report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Feb. 19, 2016	Jun. 30, 2015
Document And Entity Information
Entity Registrant Name	Bunge LTD
Entity Central Index Key	1,144,519
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 12,561
Entity Common Stock, Shares Outstanding		140,979,440
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading symbol	bg

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF INCOME
Net sales	$ 43,455	$ 57,161	$ 61,347
Cost of goods sold	(40,762)	(54,540)	(58,587)
Gross profit	2,693	2,621	2,760
Selling, general and administrative expenses	(1,435)	(1,691)	(1,559)
Interest income	43	87	76
Interest expense	(258)	(347)	(363)
Foreign exchange gains (losses)	(8)	47	53
Other income (expense) - net	(18)	17	44
Goodwill impairment	(13)	(2)
Gains on sales of investments in affiliates			3
Gain on sale of Canadian grain assets	47
Income (loss) from continuing operations before income tax	1,051	734	1,014
Income tax (expense) benefit	(296)	(249)	(904)
Income (loss) from continuing operations	755	485	110
Income (loss) from discontinued operations, net of tax (including a net gain on disposal of $112 million in 2013) (Note 3)	35	32	97
Net income (loss)	790	517	207
Net loss (income) attributable to noncontrolling interests	1	(2)	99
Net income (loss) attributable to Bunge	791	515	306
Convertible preference share dividends and other obligations	(53)	(48)	(76)
Net income (loss) available to Bunge common shareholders	$ 738	$ 467	$ 230
Earnings per common share-basic (Note 23)
Net income (loss) from continuing operations (in dollars per share)	$ 4.90	$ 2.98	$ 0.91
Net income (loss) from discontinued operations (in dollars per share)	0.24	0.22	0.66
Net income (loss) attributable to Bunge common shareholders (in dollars per share)	5.14	3.20	1.57
Earnings per common share-diluted (Note 23)
Net income (loss) from continuing operations (in dollars per share)	4.84	2.96	0.90
Net income (loss) from discontinued operations (in dollars per share)	0.23	0.21	0.65
Net income (loss) attributable to Bunge common shareholders (in dollars per share)	$ 5.07	$ 3.17	$ 1.55

CONSOLIDATED STATEMENTS OF INC3

CONSOLIDATED STATEMENTS OF INCOME (PARENTHETICAL) $ in Millions	12 Months Ended
	Dec. 31, 2013USD ($)
CONSOLIDATED STATEMENTS OF INCOME
Net gain on disposal of discontinued operations	$ 112

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ 790	$ 517	$ 207
Other comprehensive income (loss):
Foreign exchange translation adjustment	(2,550)	(1,419)	(1,212)
Unrealized gains (losses) on designated cash flow and net investment hedges, net of tax (expense) benefit of nil, nil and $11	147	21
Unrealized gains (losses) on investments, net of tax (expense) benefit of nil, $2 and $(2)		(2)	5
Reclassification of realized net losses (gains) to net income, net of tax expense (benefit) of nil, nil and $(5)	77	(9)	(38)
Pension adjustment, net of tax (expense) benefit of $1, $32 and $(45)	20	(85)	88
Total other comprehensive income (loss)	(2,306)	(1,494)	(1,157)
Total comprehensive income (loss)	(1,516)	(977)	(950)
Less: comprehensive (income) loss attributable to noncontrolling interest	5	6	94
Total comprehensive income (loss) attributable to Bunge	$ (1,511)	$ (971)	$ (856)

CONSOLIDATED STATEMENTS OF COM5

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (PARENTHETICAL) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Unrealized gains (losses) designated cash flow and net investment hedges, tax (expense) benefit	$ 0	$ 0	$ 11
Unrealized gains (losses) on investments, tax (expense) benefit	0	2	(2)
Reclassification of realized net losses (gains) to net income, tax expense (benefit)	0	0	(5)
Pension adjustment, net of tax (expense) benefit	$ 1	$ 32	$ (45)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 411	$ 362
Time deposits under trade structured finance program (Note 4)	325	1,343
Trade accounts receivable (less allowances of $125 and $121) (Note 18)	1,607	1,840
Inventories (Note 5)	4,466	5,554
Deferred income taxes (Note 14)	208	177
Other current assets (Note 6)	3,899	3,805
Total current assets	10,916	13,081
Property, plant and equipment, net (Note 7)	4,736	5,626
Goodwill (Note 8)	418	349
Other intangible assets, net (Note 9)	326	256
Investments in affiliates (Note 11)	329	294
Deferred income taxes (Note 14)	417	565
Other non-current assets (Note 12)	780	1,261
Total assets	17,922	21,432
Current liabilities:
Short-term debt (Note 16)	648	594
Current portion of long-term debt (Note 17)	869	408
Letter of credit obligations under trade structured finance program (Note 4)	325	1,343
Trade accounts payable	2,675	3,248
Deferred income taxes (Note 14)	60	42
Other current liabilities (Note 13)	2,763	3,069
Total current liabilities	7,340	8,704
Long-term debt (Note 17)	2,934	2,855
Deferred income taxes (Note 14)	209	177
Other non-current liabilities	$ 750	$ 969
Commitments and contingencies (Note 21)
Redeemable noncontrolling interests	$ 37	$ 37
Equity (Note 22):
Convertible perpetual preference shares, par value $.01; authorized, issued and outstanding 2015 and 2014 - 6,900,000 shares (liquidation preference $100 per share)	690	690
Common shares, par value $.01; authorized - 400,000,000 shares; issued and outstanding 2015 - 142,483,467 shares, 2014 - 145,703,198 shares	1	1
Additional paid-in capital	5,105	5,053
Retained earnings	7,725	7,180
Accumulated other comprehensive income (loss) (Note 22)	(6,360)	(4,058)
Treasury shares, at cost - 2015 - 9,586,083 and 2014 - 5,714,273 shares, respectively	(720)	(420)
Total Bunge shareholders' equity	6,441	8,446
Noncontrolling interests	211	244
Total equity	6,652	8,690
Total liabilities and equity	$ 17,922	$ 21,432

CONSOLIDATED BALANCE SHEETS (PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
CONSOLIDATED BALANCE SHEETS
Trade accounts receivable, allowances (in dollars)	$ 125	$ 121
Convertible perpetual preference shares, par value (in dollars per share)	$ 0.01	$ 0.01
Convertible perpetual preference shares, authorized	6,900,000	6,900,000
Convertible perpetual preference shares, issued	6,900,000	6,900,000
Convertible perpetual preference shares, outstanding	6,900,000	6,900,000
Convertible perpetual preference shares, liquidation preference (in dollars per share)	$ 100	$ 100
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, authorized	400,000,000	400,000,000
Common shares, issued	142,483,467	145,703,198
Common shares, outstanding	142,483,467	145,703,198
Treasury shares	9,586,083	5,714,273

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
Net income	$ 790	$ 517	$ 207
Adjustments to reconcile net income to cash provided by (used for) operating activities:
Impairment and goodwill charges	57	130	35
Foreign exchange loss (gain) on debt	(213)	(215)	(48)
Gain on sale of Brazilian fertilizer distribution business			(148)
Gain on sale of Canadian grain assets	(47)
Bad debt expense	35	30	26
Depreciation, depletion and amortization	545	607	568
Stock-based compensation expense	46	49	53
Deferred income tax expense/(benefit)	16	(90)	460
Other, net	(26)	(76)
Changes in operating assets and liabilities, excluding the effects of acquisitions:
Trade accounts receivable	(97)	108	148
Inventories	314	(161)	238
Secured advances to suppliers	(397)	21	(216)
Trade accounts payable	(88)	(100)	436
Advances on sales	22	78	309
Net unrealized gain/loss on derivative contracts	(16)	237	(71)
Margin deposits	(154)	(22)	57
Recoverable and income taxes, net	(36)	(59)	128
Accrued liabilities	(7)	367	(6)
Other, net	(134)	(22)	49
Cash provided by (used for) operating activities	610	1,399	2,225
INVESTING ACTIVITIES
Payments made for capital expenditures	(649)	(839)	(1,042)
Acquisitions of businesses (net of cash acquired)	(347)	(39)	(355)
Proceeds from the sale of Brazilian fertilizer distribution business			750
Proceeds from investments	295	282	134
Payments for investments	(235)	(196)	(68)
Settlement of net investment hedges	203
Proceeds from disposals of property, plant and equipment	13	22	11
Change in restricted cash	1	101	137
Proceeds from sale of Canadian grain assets and investments in affiliates	88		47
Payments for investments in affiliates	(167)	(57)	(40)
Other, net	(4)	41	(3)
Cash provided by (used for) investing activities	(802)	(685)	(429)
FINANCING ACTIVITIES
Net change in short-term debt with maturities of 90 days or less	(176)	(134)	(1,153)
Proceeds from short-term debt with maturities greater than 90 days	713	863	934
Repayments of short-term debt with maturities greater than 90 days	(350)	(667)	(737)
Proceeds from long-term debt	9,354	13,014	8,118
Repayments of long-term debt	(8,659)	(13,667)	(8,480)
Proceeds from sale of common shares	25	74	43
Repurchases of common shares	(300)	(300)
Dividends paid to preference shareholders	(34)	(34)	(34)
Dividends paid to common shareholders	(207)	(187)	(167)
Dividends paid to noncontrolling interests	(8)	(9)	(3)
Capital contributions (return of capital) from noncontrolling interests, net	(13)	6	(82)
Other, net	15	(17)	(4)
Cash provided by (used for) financing activities	360	(1,058)	(1,565)
Effect of exchange rate changes on cash and cash equivalents	(119)	(36)	(60)
Net increase (decrease) in cash and cash equivalents	49	(380)	171
Change in cash related to assets held for sale			2
Cash and cash equivalents, beginning of period	362	742	569
Cash and cash equivalents, end of period	$ 411	$ 362	$ 742

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($) $ in Millions	Redeemable Non-Controlling Interests	Convertible Preference Shares	Common Shares	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Shares	Non-Controlling Interests	Total
Balance at Dec. 31, 2012		$ 690	$ 1	$ 4,909	$ 6,792	$ (1,410)	$ (120)	$ 393	$ 11,255
Balance at Dec. 31, 2012	$ 38
Balance (in shares) at Dec. 31, 2012		6,900,000	146,348,499
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(34)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest					306			(99)	207
Accretion of noncontrolling interests	42			(42)					(42)
Other comprehensive income (loss)						(1,162)		5	(1,157)
Dividends on common shares					(173)				(173)
Dividends on preference shares					(34)				(34)
Dividends to noncontrolling interests on subsidiary common stock								(3)	(3)
Return of capital to noncontrolling interests	(9)			(8)				(65)	(73)
Reversal of uncertain tax positions				13					13
Stock-based compensation expense				53					53
Issuance of common shares:
Issuance of common shares				42					42
Issuance of common shares (in shares)			1,448,285
Balance at Dec. 31, 2013		$ 690	$ 1	4,967	6,891	(2,572)	(120)	231	10,088
Balance at Dec. 31, 2013	37
Balance (in shares) at Dec. 31, 2013		6,900,000	147,796,784
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(9)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest					515			2	517
Accretion of noncontrolling interests	14			(14)					(14)
Other comprehensive income (loss)	(5)					(1,486)		(8)	(1,494)
Dividends on common shares					(192)				(192)
Dividends on preference shares					(34)				(34)
Dividends to noncontrolling interests on subsidiary common stock								(10)	(10)
Acquisition of noncontrolling interest				(23)				29	6
Reversal of uncertain tax positions				49					49
Repurchase of common shares							(300)		(300)
Repurchase of common shares (in shares)			(3,780,987)
Issuance of common shares:
Issuance of common shares				74					74
Issuance of common shares (in shares)			1,687,401
Balance at Dec. 31, 2014		$ 690	$ 1	5,053	7,180	(4,058)	(420)	244	8,690
Balance at Dec. 31, 2014	37								37
Balance (in shares) at Dec. 31, 2014		6,900,000	145,703,198
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(14)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest					791			(1)	790
Accretion of noncontrolling interests	19			(19)					(19)
Other comprehensive income (loss)	(5)					(2,302)		(4)	(2,306)
Dividends on common shares					(212)				(212)
Dividends on preference shares					(34)				(34)
Dividends to noncontrolling interests on subsidiary common stock								(9)	(9)
Return of capital to noncontrolling interests								(19)	(19)
Stock-based compensation expense				46					46
Repurchase of common shares							(300)		(300)
Repurchase of common shares (in shares)			(3,871,810)
Issuance of common shares:
Issuance of common shares				25					25
Issuance of common shares (in shares)			652,079
Balance at Dec. 31, 2015		$ 690	$ 1	$ 5,105	$ 7,725	$ (6,360)	$ (720)	$ 211	6,652
Balance at Dec. 31, 2015	$ 37								$ 37
Balance (in shares) at Dec. 31, 2015		6,900,000	142,483,467

NATURE OF BUSINESS, BASIS OF PR

NATURE OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
NATURE OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES
NATURE OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES	1. NATURE OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES Description of Business —Bunge Limited, a Bermuda holding company, together with its consolidated subsidiaries and variable interest entities ("VIEs") in which it is considered the primary beneficiary, through which its businesses are conducted (collectively "Bunge"), is an integrated, global Agribusiness and Food company. Bunge's common shares trade on the New York Stock Exchange under the ticker symbol "BG." Bunge operates in four principal business areas, which include five reportable segments: Agribusiness, Edible Oil products, Milling products, Sugar and Bioenergy and Fertilizer. Agribusiness —Bunge's Agribusiness segment is an integrated business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. Bunge's agribusiness operations and assets are located in North America, South America, Europe and Asia-Pacific with merchandising and distribution offices throughout the world. Bunge's Agribusiness segment also participates in related financial activities, such as offering trade structured finance, which leverages its international trade flows, providing risk management services to customers by assisting them with managing price exposure to agricultural commodities, proprietary trading of foreign exchange and other financial instruments and developing private investment vehicles to invest in businesses complementary to Bunge's commodities operations. Edible Oil products —Bunge's Edible Oil Products segment produces and sells edible oil products, such as packaged and bulk oils, shortenings, margarine, mayonnaise and other products derived from the vegetable oil refining process. Bunge's edible oil products operations are located in North America, South America, Europe and Asia-Pacific. Milling products —Bunge's Milling Products segment includes wheat, corn and rice milling businesses, which purchase wheat, corn and rice directly from growers and dealers and process them into milled products for food processors, bakeries, brewers, snack food producers and other customers. Bunge's wheat milling activities are primarily in Mexico and Brazil. Corn and rice milling activities are in the United States and Mexico. Sugar and Bioenergy —Bunge's Sugar and Bioenergy segment includes its global sugar merchandising and distribution activities, sugar and ethanol production in Brazil, and ethanol production investments. This segment is an integrated business involved in the growing and harvesting of sugarcane from land owned or managed through agricultural partnership agreements and additional sourcing of sugarcane from third parties to be processed at its eight mills in Brazil to produce sugar, ethanol and electricity. The Sugar and Bioenergy segment is also a merchandiser and distributor of sugar and ethanol within Brazil and a global merchandiser and distributor of sugar through its global trading offices. In addition, the segment includes investments in corn-based ethanol producers in the United States and Argentina. Fertilizer —Bunge's Fertilizer segment operates primarily as a producer and blender of NPK (nitrogen, phosphate and potassium) fertilizer formulas, including phosphate based liquid and solid nitrogen fertilizers through its operations in Argentina to farmers and distributors in Argentina. This segment also includes the operations of fertilizer ports in Brazil and Argentina. Historically, Bunge was involved in every stage of the fertilizer business in Brazil, from mining of phosphate-based raw materials to the sale of blended fertilizer products. In May 2010, Bunge sold its fertilizer nutrients assets in Brazil, including its phosphate mining assets and its investment in Fosfertil S.A., a phosphate and nitrogen producer. Bunge sold its Brazilian fertilizer distribution business, including blending facilities, brands and warehouses to Yara International ASA ("Yara") in 2013, for $750 million in cash. As a result of the transaction, Bunge no longer has significant ongoing cash flows related to the Brazilian fertilizer business or any significant ongoing participation in the operations of this business (see Note 3). Basis of Presentation —The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Discontinued Operations —In determining whether a group of assets disposed (or to be disposed) of should be presented as discontinued operations, Bunge makes a determination of whether the group of assets being disposed of comprises a component of the entity; or a group of components of the entity, that represents a strategic shift that has, or will have, a major effect on the reporting entity's operations and financial results be reported in the financial statements as discontinued operations. If these determinations are made affirmatively, the results of operations of the group of assets being disposed of (as well as any gain or loss on the disposal transaction) are aggregated for separate presentation apart from the continuing operations of the Company for all periods presented in the consolidated financial statements (see Note 3). Principles of Consolidation —The accompanying consolidated financial statements include the accounts of Bunge, its subsidiaries and 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 exercises control. Equity investments in which Bunge has the ability to exercise significant influence but does not control are accounted for by the equity method of accounting. Investments in which Bunge does not exercise significant influence are accounted for by the cost method of accounting. Intercompany accounts and transactions are eliminated. Bunge consolidates VIEs in which it is considered the primary beneficiary and reconsiders such conclusion at each reporting period. An enterprise is determined to be the primary beneficiary if it has a controlling financial interest under GAAP, defined as (a) the power to direct the activities of a VIE that most significantly impact the VIE's business and (b) the obligation to absorb losses of or the right to receive benefits from the VIE that could potentially be significant to the VIE's operations. Performance of that analysis requires the exercise of judgment. Where Bunge has an interest in an entity that has qualified for the deferral of the consolidation rules, it follows consolidation rules prior to January 1, 2010. These rules require an analysis to (a) determine whether an entity in which Bunge has a variable interest is a VIE and (b) whether Bunge's involvement, through the holding of equity interests directly or indirectly in the entity or contractually through other variable interests, would be expected to absorb a majority of the variability of the entity. Noncontrolling interests in subsidiaries related to Bunge's ownership interests of less than 100% are reported as noncontrolling interests in the consolidated balance sheets. The noncontrolling ownership interests in Bunge's earnings, net of tax, is reported as net (income) loss attributable to noncontrolling interests in the consolidated statements of income. Reclassifications —Certain prior year amounts have been reclassified to conform to current year presentation. Use of Estimates —The preparation of consolidated financial statements requires the application of accounting policies that often involve substantial judgment or estimation in their application. These judgments and estimations may significantly affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. They may also affect reported amounts of revenues and expenses. The policies Bunge considers to be most dependent on the application of estimates and assumptions include allowances for doubtful accounts, valuation allowances for recoverable taxes and deferred tax assets, impairment of long-lived assets and unconsolidated affiliates, restructuring charges, useful lives of property, plant and equipment and intangible assets, contingent liabilities, liabilities for unrecognized tax benefits and pension plan obligations. In addition, significant management estimates and assumptions are required in allocating the purchase price paid in business acquisitions to the assets and liabilities acquired (see Note 2) and the determination of fair values of Level 3 assets and liabilities (see Note 15). Translation of Foreign Currency Financial Statements —Bunge's reporting currency is the U.S. dollar. The functional currency of the majority of Bunge's foreign subsidiaries is their local currency and, as such, amounts included in the consolidated statements of income, comprehensive income (loss), cash flows and changes in equity are translated using average exchange rates during each period. Assets and liabilities are translated at period-end exchange rates and resulting foreign exchange translation adjustments are recorded in the consolidated balance sheets as a component of accumulated other comprehensive income (loss). Foreign Currency Transactions —Monetary assets and liabilities denominated in currencies other than the functional currency are remeasured into their respective functional currencies at exchange rates in effect at the balance sheet date. The resulting exchange gain or loss is included in Bunge's consolidated statements of income as foreign exchange gain (loss) unless the remeasurement gain or loss relates to an intercompany transaction that is of a long-term investment nature and for which settlement is not planned or anticipated in the foreseeable future. Gains or losses arising from translation of such transactions are reported as a component of accumulated other comprehensive income (loss) in Bunge's consolidated balance sheets. Cash and Cash Equivalents —Cash and cash equivalents include time deposits and readily marketable securities with original maturity dates of three months or less at the time of acquisition. Trade Accounts Receivable and Secured Advances to Suppliers —Trade accounts receivable and secured advances to suppliers are stated at their historical carrying amounts net of write-offs and allowances for uncollectible accounts. Bunge establishes an allowance for uncollectible trade accounts receivable and secured advances to farmers based on historical experience, farming economics and other market conditions as well as specific customer collection issues. Uncollectible accounts are written off when a settlement is reached for an amount below the outstanding historical balance or when Bunge has determined that collection is unlikely. Secured advances to suppliers bear interest at contractual rates which reflect current market interest rates at the time of the transaction. There are no deferred fees or costs associated with these receivables. As a result, there are no imputed interest amounts to be amortized under the interest method. Interest income is calculated based on the terms of the individual agreements and is recognized on an accrual basis. Bunge follows accounting guidance on the disclosure of the credit quality of financing receivables and the allowance for credit losses which requires information to be disclosed at disaggregated levels, defined as portfolio segments and classes. Under this guidance, a class of receivables is considered impaired, based on current information and events, if Bunge determines it probable that all amounts due under the original terms of the receivable will not be collected. Recognition of interest income is suspended once the farmer defaults on the originally scheduled delivery of agricultural commodities as the collection of future income is determined not to be probable. No additional interest income is accrued from the point of default until ultimate recovery, at which time amounts collected are credited first against the receivable and then to any unrecognized interest income. Inventories —Readily marketable inventories ("RMI") are agricultural commodity inventories that are readily convertible to cash because of their commodity characteristics, widely available markets and international pricing mechanisms. All of Bunge's RMI are valued at fair value. These agricultural commodity inventories have quoted market prices in active markets, may be sold without significant further processing and have predictable and insignificant disposal costs. Changes in the fair values of merchandisable agricultural commodities inventories are recognized in earnings as a component of cost of goods sold. Inventories other than RMI are stated at the lower of cost or market by inventory product class. Cost is determined using primarily the weighted-average cost method. Derivative Instruments and Hedging Activities —Bunge enters into derivative instruments to manage its exposure to movements associated with agricultural commodity prices, transportation costs, foreign currency exchange rates, interest rates and energy costs. Bunge's use of these instruments is generally intended to mitigate the exposure to market variables (see Note 15). Generally, derivative instruments are recorded at fair value in other current assets or other current liabilities in Bunge's consolidated balance sheets. Bunge assesses, both at the inception of a hedge and on an ongoing basis, whether any derivatives designated as hedges are highly effective in offsetting changes in the hedged items. The effective and ineffective portions of changes in fair values of derivative instruments designated as fair value hedges, along with the gains or losses on the related hedged items are recorded in earnings in the consolidated statements of income in the same caption as the hedged items. The effective portion of changes in fair values of derivative instruments that are designated as cash flow hedges are recorded in accumulated other comprehensive income (loss) and are reclassified to earnings when the hedged cash flows are realized or when the hedge is no longer considered to be effective. The ineffective portion of cash flow hedges is recorded in earnings. In addition, Bunge may designate certain derivative instruments as net investment hedges to hedge the exposure associated with its equity investments in foreign operations. The effective portions of changes in the fair values of net investment hedges, which are evaluated based on forward rates, are recorded as a component of accumulated other comprehensive income (loss) in the consolidated balance sheets and the ineffective portions of such derivative instruments are recorded in foreign exchange gains (losses) in the consolidated statements of income. Marketable Securities and other short-term investments —Bunge classifies its marketable securities and short-term investments as held-to-maturity and trading. Held-to-maturity securities and investments represent financial assets in which Bunge has the intent and ability to hold to maturity. Trading securities are bought and held principally for the purpose of selling them in the near term and therefore held for only a short period of time. Bunge values its marketable securities at fair value and monitors its held-to-maturity investments for impairment periodically, and recognizes an impairment charge when the decline in fair value of an investment is judged to be other than temporary. Recoverable Taxes —Recoverable taxes include value-added taxes paid upon the acquisition of raw materials and taxable services and other transactional taxes which can be recovered in cash or as compensation against income taxes or other taxes owed by Bunge, primarily in Brazil. These recoverable tax payments are included in other current assets or other non-current assets based on their expected realization. In cases where Bunge determines that recovery is doubtful, recoverable taxes are reduced by allowances for the estimated unrecoverable amounts. Property, Plant and Equipment, Net —Property, plant and equipment, net is stated at cost less accumulated depreciation and depletion. Major improvements that extend the life, capacity or efficiency or improve the safety of an asset are capitalized, while maintenance and repairs are expensed as incurred. Costs related to legal obligations associated with the future retirement of capitalized assets are capitalized as part of the cost of the related asset. Bunge generally capitalizes eligible costs to acquire or develop internal-use software that are incurred during the application development stage. Interest costs on borrowings during construction/completion periods of major capital projects are also capitalized. Included in property, plant and equipment are biological assets, primarily sugarcane, that are stated at cost less accumulated depletion. Depletion is calculated using the estimated units of production based on the remaining useful life of the growing sugarcane. Depreciation is computed based on the straight line method over the estimated useful lives of the assets. Useful lives for property, plant and equipment are as follows: Years Biological assets 5 - 6 Buildings 10 - 50 Machinery and equipment 7 - 25 Furniture, fixtures and other 3 - 20 Computer software 3 - 10 Goodwill —Goodwill represents the cost in excess of the fair value of net assets acquired in a business acquisition. Goodwill is not amortized but is tested annually for impairment or between annual tests if events or circumstances indicate potential impairment. Bunge's annual impairment testing is generally performed during the fourth quarter of its fiscal year. Goodwill is tested for impairment at the reporting unit level, which has been determined to be the Company's operating segments or one level below the operating segments in certain instances (see Note 8). Impairment of Property, Plant and Equipment and Finite Lived Intangible Assets —Finite lived intangible assets include primarily trademarks, customer lists and port facility usage rights and are amortized on a straight-line basis over their contractual or legal lives (see Note 9) or their estimated useful lives where such lives are not determined by law or contract. Bunge reviews its property, plant and equipment and finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. Bunge bases its evaluation of recoverability on such indicators as the nature, future economic benefits and geographic locations of the assets, historical or future profitability measures and other external market conditions. If these indicators result in the expected non-recoverability of the carrying amount of an asset or asset group, Bunge evaluates potential impairment using undiscounted estimated future cash flows. If such undiscounted future cash flows during the asset's remaining useful life are below its carrying value, a loss is recognized for the shortfall, measured by the present value of the estimated future cash flows or by third-party appraisals. Bunge records impairments related to property, plant and equipment and finite-lived intangible assets used in the processing of its products in cost of goods sold in its consolidated statements of income. Any impairment of marketing or brand assets is recognized in selling, general and administrative expenses in the consolidated statements of income (see Note 10). Property, plant and equipment and other finite-lived intangible assets to be sold or otherwise disposed of are reported at the lower of carrying amount or fair value less cost to sell. Impairment of Investments in Affiliates —Bunge reviews its investments annually or when an event or circumstances indicate that a potential decline in value may be other than temporary. Bunge considers various factors in determining whether to recognize an impairment charge, including the length of time that the fair value of the investment is expected to be below its carrying value, the financial condition, operating performance and near-term prospects of the affiliate and Bunge's intent and ability to hold the investment for a period of time sufficient to allow for recovery of the fair value. Impairment charges for investments in affiliates are included within selling, general and administrative expenses (see Note 10). Stock-Based Compensation —Bunge maintains equity incentive plans for its employees and non-employee directors (see Note 24). Bunge accounts for stock-based compensation using the modified prospective transition method. Under the modified prospective transition method, compensation cost is recognized based on the grant date fair value. Income Taxes —Income tax expenses and benefits are recognized based on the tax laws and regulations in the jurisdictions in which Bunge's subsidiaries operate. Under Bermuda law, Bunge is not required to pay taxes in Bermuda on either income or capital gains. The provision for income taxes includes income taxes currently payable and deferred income taxes arising as a result of temporary differences between the carrying amounts of existing assets and liabilities in Bunge's financial statements and their respective tax bases. Deferred tax assets are reduced by valuation allowances if current evidence does not suggest that the deferred tax asset will be realized. Accrued interest and penalties related to unrecognized tax benefits are recognized in income tax (expense) benefit in the consolidated statements of income (see Note 14). The calculation of tax liabilities involves management's judgments concerning uncertainties in the application of complex tax regulations in the many jurisdictions in which Bunge operates. Investment tax credits are recorded in income tax expense in the period in which such credits are granted. Revenue Recognition —Sales of agricultural commodities, fertilizers and other products are recognized when persuasive evidence of an arrangement exists, the price is determinable, the product has been delivered, title to the product and risk of loss transfer to the customer, which is dependent on the agreed upon sales terms with the customer and when collection of the sale price is reasonably assured. Sales terms provide for passage of title either at the time and point of shipment or at the time and point of delivery of the product being sold. Net sales consist of gross sales less discounts related to promotional programs and sales taxes. Interest income on secured advances to suppliers is included in net sales due to its operational nature (see Note 6). Shipping and handling charges billed to customers are included in net sales and related costs are included in cost of goods sold. Research and Development —Research and development costs are expensed as incurred. Research and development expenses were $16 million, $20 million and $19 million for the years ended December 31, 2015, 2014 and 2013, respectively. New Accounting Pronouncements —In November 2015, the FASB issued ASU ("Topic 740") Income Taxes—Balance Sheet Classification of Deferred Taxes. The amendments in this update require that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet. The update is effective for fiscal years beginning after December 15, 2016 on a prospective or retrospective basis, with earlier application permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. In July 2015, the FASB issued Accounting Standards Update ("ASU") ("Topic 330") Inventory—Simplifying the Measurement of Inventory, which requires entities that measure inventory using the first-in, first-out or average cost methods to measure inventory at the lower of cost and net realizable value. Net realizable value is defined as estimated selling price in the ordinary course of business less reasonably predictable costs of completion, disposal and transportation. The update is effective for fiscal years beginning after December 15, 2016 on a prospective basis, with earlier application permitted. The adoption of this update is not expected to have a material impact on Bunge's results of operations, financial position or cash flows. In April 2015, the FASB issued ASU ("Subtopic 835-30") Interest—Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs. The amendments in this update require debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, consistent with debt discounts, instead of being presented as an asset. The update requires retrospective application and is effective for fiscal years beginning after December 15, 2015, early adoption is permitted. The adoption of this update is not expected to have a material impact on Bunge's results of operations, financial position or cash flows. In February 2015, the FASB issued ASU ("Topic 810") Consolidation-Amendments to the Consolidation Analysis. The standard makes targeted amendments to the current consolidation guidance and ends the deferral granted to investment companies from applying the VIE guidance. The standard is effective for interim and annual reporting periods beginning after December 15, 2015, early adoption is permitted. Bunge expects the adoption of this standard to result in the deconsolidation of investment funds in its asset management business and is evaluating the potential impact of this standard on the consolidation of certain other legal entities. In May 2014, the FASB amended the Accounting Standards Codification ("ASC") and created ASC ("Topic 606") Revenue from Contracts with Customers. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The initial effective date is for interim and annual periods beginning on or after December 15, 2016, however, in August 2015, FASB issued an ASU effectively deferring the implementation date by one year. In addition, the ASU permits companies to early adopt the guidance as of the original effective date, but not before January 1, 2017. The new requirements may be implemented either retrospectively for all prior periods presented, or retrospectively with a cumulative-effect adjustment at the date of initial application. Bunge is evaluating the potential impact of this standard on its consolidated financial statements.

BUSINESS ACQUISITIONS

BUSINESS ACQUISITIONS	12 Months Ended
	Dec. 31, 2015
BUSINESS ACQUISITIONS
BUSINESS ACQUISITIONS	2. BUSINESS ACQUISITIONS In October 2015, Bunge Alimentos S.A., an indirect wholly owned subsidiary of Bunge, closed on the acquisition of 100% ownership interest in Moinho Pacifico, a Brazilian wheat mill and port terminal in Santos, Brazil. Bunge paid approximately 1,087 million Brazilian reais (approximately $282 million, including $265 million in cash, net of cash acquired and $17 million to be paid through an agreed upon purchase price adjustment). Moinho Pacifico is one of the largest wheat processors in Brazil. The preliminary purchase price allocation resulted in $41 million in property, plant and equipment, $10 million in inventory, $10 million in other net assets and liabilities and $89 million of finite-lived intangible assets. The transaction also resulted in $132 million of goodwill allocated to our milling operations in Brazil. In October 2015, Bunge acquired Whole Harvest Foods ("WHF") for $27 million, including $25 million in cash and $2 million in a working capital adjustment. The purchase price allocation resulted in $4 million in property, plant and equipment, $2 million in inventory and $15 million of intangible assets. The transaction also resulted in $6 million of goodwill allocated to our edible oils operations in the U.S. WHF refines expeller pressed soybean, canola, and cottonseed oil to produce extended life oil that is chemical solvent, trans fat and cholesterol free. WHF has operations in North Carolina and a packaging/distribution center in Nevada within the United States. In June 2015, Bunge entered into a transaction to acquire the 80% majority interest in a biodiesel entity operating a plant in Spain where Bunge had, prior to this transaction, a 20% interest accounted for under the equity method in its Agribusiness segment. The purchase price of the majority interest was $7 million, net of cash acquired including existing loans and other receivables totaling $3 million owed to Bunge by the entity were extinguished as part of the transaction. The preliminary purchase price of $7 million was allocated primarily to property, plant and equipment and $2 million to goodwill. In April 2015, Bunge and Saudi Agricultural and Livestock Investment Company ("SALIC"), formed a Canadian entity, G3. Bunge has a 51% ownership interest in G3. Bunge accounts for G3 under the equity method of accounting as the ownership interest does not provide Bunge with a controlling financial interest due to certain contractual restrictions. In July 2015, G3 closed on the acquisition of an approximate 61% ownership interest in G3 Canada Limited, formerly the Canadian Wheat Board ("CWB") for $368 million Canadian dollars (approximately $266 million, as of December 31, 2015). The remaining interest was acquired by the CWB Farmers Equity Trust. In order to fund the acquisition amount and future cash flow requirements, Bunge contributed capital to G3 of $130 million and SALIC contributed capital in the amount of $126 million and $115 million in the form of convertible debt. Simultaneously, the CWB acquired certain assets of Bunge's grain business in Canada for $88 million, which includes Bunge's export facility and grain elevators in Quebec for $54 million plus certain working capital of $34 million. The consolidated statement of income for the year ended December 31, 2015 includes a pre-tax gain of $47 million on the sale of the grain assets in Canada. In February 2016, SALIC completed the conversion of debt to equity under the promissory notes granted in favor of G3, thus reducing Bunge's ownership interest from 51% to 35%. Additionally, Bunge has exercised its right under a put option to sell an additional 10% ownership interest in G3 to SALIC for cash, which would further reduce Bunge's ownership interest to 25%. The put transaction is expected to be completed in the first quarter of 2016. In March 2015, Bunge acquired the assets of Heartland Harvest, Inc. ("HHI") for $47 million, including $40 million in cash and cash settlement of an existing third-party loan to HHI of $7 million. The purchase price allocation resulted in $18 million in property, plant and equipment, $2 million in inventory and $18 million of finite-lived intangible assets. The transaction also resulted in $9 million of goodwill allocated to our milling operations in the U.S. HHI produces die cut pellets made of a variety of starches which are then expanded through popping, baking or frying in the production of certain lower fat snacks. HHI consists of one facility in the state of Illinois, United States. In November 2014, Bunge and Asociación de Cooperativas Argentinas formed a new legal entity, Terminal de Fertilizantes Argentinos SA, which acquired the assets of the Mosaic Quebracho complex located in Puerto General San Martin, Argentina for $24 million in cash. Bunge has a 75% controlling interest and consolidates this investment. The purchase price allocation resulted in $24 million of assets, primarily property, plant and equipment, including a single supersphosphate production plant and a port strategically located in the up-river Parana region in Argentina. In February 2014, Bunge acquired the assets of Corn Flour Producers, LLC ("CFP") for $12 million in cash. The purchase price allocation resulted in $12 million, primarily property, plant and equipment, with the remainder in working capital. CFP produces corn flour products and is located in Indiana in the United States.

DISCONTINUED OPERATIONS AND BUS

DISCONTINUED OPERATIONS AND BUSINESS DIVESTITURES	12 Months Ended
	Dec. 31, 2015
DISCONTINUED OPERATIONS AND BUSINESS DIVESTITURES
DISCONTINUED OPERATIONS AND BUSINESS DIVESTITURES	3. DISCONTINUED OPERATIONS AND BUSINESS DIVESTITURES In August 2013, Bunge sold its Brazilian fertilizer distribution business, including blending facilities, brands and warehouses to Yara for $750 million in cash. As a result of the transaction, Bunge no longer has significant ongoing cash flows related to the Brazilian fertilizer business or any significant ongoing participation in the operations of this business. Bunge received cash proceeds of the Brazilian real equivalent of $750 million in cash upon closing the transaction, resulting in a gain of $148 million ($112 million net of tax). Included in the gain are approximately $7 million of transaction costs incurred in connection with the divestiture and $41 million release of the cumulative translation adjustment associated with the disposed business. (US$ in millions) Year Ended December 31, 2013 Net sales $ Cost of goods sold ) ​ ​ ​ ​ ​ Gross profit Selling, general and administrative expenses ) Interest income Interest expense ) Foreign exchange gain (loss) ) Other income (expenses)—net ) Gain on sale of Brazilian fertilizer business ​ ​ ​ ​ ​ Income (loss) from discontinued operations before income tax Income tax (expense) benefit ) ​ ​ ​ ​ ​ Income (loss) from discontinued operations, net of tax $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

TRADE STRUCTURED FINANCE PROGRA

TRADE STRUCTURED FINANCE PROGRAM	12 Months Ended
	Dec. 31, 2015
TRADE STRUCTURED FINANCE PROGRAM
TRADE STRUCTURED FINANCE PROGRAM	4. TRADE STRUCTURED FINANCE PROGRAM Bunge engages in various trade structured finance activities to leverage the value of its trade flows across its operating regions. These activities include programs under which Bunge generally obtains U.S. dollar-denominated letters of credit ("LCs") (each based on an underlying commodity trade flow) from financial institutions and time deposits denominated in either the local currency of the financial institution counterparties or in U.S. dollar, as well as foreign exchange forward contracts, all of which are subject to legally enforceable set-off agreements. The LCs and foreign exchange contracts are presented within the line item letter of credit obligations under trade structured finance program on the consolidated balance sheets as of December 31, 2015 and December 31, 2014. The net return from activities under this program, including fair value changes, is included as a reduction of cost of goods sold in the accompanying consolidated statements of income. Included on the Consolidated Balance Sheets at December 31, 2015 and 2014, were time deposits and LCs, including foreign exchange contracts, which totaled $325 million and $1,343 million, respectively. In addition, at December 31, 2015 and 2014, the fair values of the time deposits (Level 2 measurements) totaled approximately $325 million and $1,343 million, respectively, and the fair values of the LCs, including foreign exchange contracts (Level 2 measurements), totaled approximately $323 million and $1,353 million, respectively. The fair values approximated the carrying amount of the related financial instruments due to their short-term nature. The fair values of the foreign exchange forward contracts (Level 2 measurements) were losses of $2 million and gains of $10 million at December 31, 2015 and 2014, respectively. Additionally, as of December 31, 2015 and 2014, time deposits, LCs and foreign exchange contracts of $3,394 million and $3,630 million, respectively, were presented net on the consolidated balance sheets as the criteria of ASC 210-20, Offsetting, had been met. At December 31, 2015 and 2014, time deposits carried weighted-average interest rates of 2.21% and 4.33% respectively. During the years ended December 31, 2015, 2014 and 2013, total net proceeds from issuances of LCs were $5,563 million, $7,058 million and $11,288 million, respectively. These cash inflows are 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 consolidated statements of cash flows.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2015
INVENTORIES
INVENTORIES	5. INVENTORIES Inventories by segment are presented below. RMI are agricultural commodity inventories carried at fair value, which are non-perishable with a high shelf life and exceptionally liquid due to their homogenous nature and widely available markets with international pricing mechanisms. All other inventories are carried at lower of cost or market. (US$ in millions) December 31, 2015 December 31, 2014 Agribusiness (1) $ $ Edible Oil Products (2) Milling Products Sugar and Bioenergy (3) Fertilizer ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes RMI of $3,393 million and $4,125 million at December 31, 2015 and December 31, 2014, respectively. Of these amounts $2,513 million and $2,937 million can be attributable to merchandising activities at December 31, 2015 and December 31, 2014, respectively. (2) Includes RMI of bulk soybean and canola oil in the aggregate amount of $110 million and $127 million at December 31, 2015 and December 31, 2014, respectively. (3) Includes sugar RMI, which can be attributable to Bunge's trading and merchandising business of $163 million and $157 million at December 31, 2015 and December 31, 2014, respectively.

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2015
OTHER CURRENT ASSETS
OTHER CURRENT ASSETS	6. OTHER CURRENT ASSETS Other current assets consist of the following: (US$ in millions) December 31, 2015 December 31, 2014 Prepaid commodity purchase contracts (1) $ $ Secured advances to suppliers, net (2) Unrealized gains on derivative contracts, at fair value Recoverable taxes, net Margin deposits Marketable securities, at fair value and other short-term investments Deferred purchase price receivable, at fair value (3) Prepaid expenses Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Prepaid commodity purchase contracts represent advance payments against fixed price contracts for future delivery of specified quantities of agricultural commodities. (2) Bunge provides cash advances to suppliers, primarily Brazilian farmers of soybeans and sugarcane, to finance a portion of the suppliers' production costs. Bunge does not bear any of the costs or risks associated with the related growing crops. The advances are largely collateralized by future crops and physical assets of the suppliers, carry a local market interest rate and settle when the farmer's crop is harvested and sold. The secured advances to farmers are reported net of allowances of $2 million and $2 million at December 31, 2015 and December 31, 2014, respectively. There were no significant changes in the allowance for 2015. Changes in the allowance for 2014 included primarily a reduction in the allowance resulting from recoveries of $7 million and reclassifications to long-term of $8 million. Interest earned on secured advances to suppliers of $38 million, $37 million and $32 million, respectively, for the years ended December 31, 2015, 2014 and 2013, respectively, is included in net sales in the consolidated statements of income. (3) Deferred purchase price receivable represents additional credit support for the investment conduits in Bunge's accounts receivables sales program (see Note 18). Marketable Securities and Other Short-Term Investments —The Company invests in foreign government securities, corporate debt securities, deposits, and other securities. The following is a summary of amounts recorded on the Consolidated Balance Sheets for marketable securities and other short-term investments. (US$ in millions) December 31, 2015 December 31, 2014 Foreign government securities $ $ Corporate debt securities Certificate of deposits/time deposits Other ​ ​ ​ ​ ​ ​ ​ ​ Total marketable securities and other short-term investments $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total marketable securities and short-term investments as of December 31, 2015 includes $76 million of assets classified as held-to-maturity and $158 million as trading. Total marketable securities and short-term investments as of December 31, 2014 includes $120 million of assets classified as held-to-maturity and $110 million as trading. Held-to-maturity securities and investments are all due in less than a 12 month period and are therefore classified as current. Due to the short term nature of these securities and investments, carrying value approximates fair value. We recognized a net gain of $6 million in 2015, compared to a net gain of $3 million in 2014 for the trading securities.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT	7. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consist of the following: December 31, (US$ in millions) 2015 2014 Land $ $ Biological assets Buildings Machinery and equipment Furniture, fixtures and other ​ ​ ​ ​ ​ ​ ​ ​ Less: accumulated depreciation and depletion ) ) Plus: construction in progress ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bunge capitalized expenditures of $592 million, $846 million and $1,001 million during the years ended 2015, 2014 and 2013, respectively. Included in these capitalized expenditures was capitalized interest on construction in progress of $7 million, $6 million and $4 million for the years ended December 31, 2015, 2014 and 2013, respectively. Depreciation and depletion expense was $518 million, $576 million and $524 million for the years ended December 31, 2015, 2014 and 2013, respectively.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2015
GOODWILL
GOODWILL	8. GOODWILL Bunge performs its annual goodwill impairment testing in the fourth quarter of each year. Step 1 of the goodwill impairment test compares the fair value of Bunge's reporting units to which goodwill has been allocated to the carrying values of those reporting units. The fair value of certain reporting units is determined using a combination of two methods: estimates based on market earnings multiples of peer companies identified for the reporting unit (the market approach) and a discounted cash flow model with estimates of future cash flows based on internal forecasts of revenues and expenses (the income approach). The market multiples are generally derived from public information related to comparable companies with operating and investing characteristics similar to those reporting units and from market transactions in the industry. The income approach estimates fair value by discounting a reporting unit's estimated future cash flows using a weighted-average cost of capital that reflects current market conditions and the risk profile of the respective business unit and includes, among other things, assumptions about variables such as commodity prices, crop and related throughput and production volumes, profitability, future capital expenditures and discount rates, all of which are subject to a high degree of judgment. For other reporting units, the estimated fair value of the reporting unit is determined utilizing a discounted cash flow analysis. Changes in the carrying value of goodwill by segment for the years ended December 31, 2015 and 2014 are as follows: (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Goodwill $ $ $ $ $ $ Accumulated impairment losses — — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2013, net — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill acquired (1) — — — — Impairment ) — — — — ) Tax benefit on goodwill amortization (2) ) — — — — ) Foreign exchange translation ) ) ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill, gross of impairments Accumulated impairment losses ) — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2014, net — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill acquired (1) — — Impairment (3) — ) — — — ) Tax benefit on goodwill amortization (2) ) — — — — ) Foreign exchange translation ) ) ) — ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill, gross of impairments Accumulated impairment losses ) ) ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2015, net $ $ $ $ — $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) See Note 2. (2) Bunge's Brazilian subsidiary's tax deductible goodwill is in excess of its book goodwill. For financial reporting purposes for goodwill acquired prior to 2009, the tax benefits attributable to the excess tax goodwill are first used to reduce associated goodwill and then other intangible assets to zero, prior to recognizing any income tax benefit in the consolidated statements of income. (3) Goodwill impairment charge of $13 million represents all of the goodwill of the Brazilian tomato products business, recorded in the fourth quarter of 2015 upon completion of our annual impairment analysis. This analysis was performed using discounted cash flow projections (the income approach) to determine the fair value of the business unit. The income approach estimates fair value by discounting the business unit's estimated future cash flows using a discount rate that reflects current market conditions and the risk profile of the business and includes, among other things, making assumptions about variables such as our product pricing, future profitability and future capital expenditures that might be used by a market participant. All of these assumptions are subject to a high degree of judgment. Compared to 2014 there was a significant decline in the estimated fair value of the business unit primarily due to a decline in profitability. Based on a detailed review of the results of the impairment analysis, it was determined that impairment may exist and further analysis was performed to evaluate the fair value of the assets and liabilities of the business unit as of the October 1, 2015 testing date. Upon completion of the analysis, 100% of the goodwill was determined to be impaired and a related charge was recorded within the Edible Oils Segment. This non-cash charge does not have any impact on current or future cash flows or the performance of the underlying business.

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2015
OTHER INTANGIBLE ASSETS
OTHER INTANGIBLE ASSETS	9. OTHER INTANGIBLE ASSETS Other intangible assets consist of the following: December 31, (US$ in millions) 2015 2014 Trademarks/brands, finite-lived $ $ Licenses Port rights Other ​ ​ ​ ​ ​ ​ ​ ​ Less accumulated amortization: Trademarks/brands (1) ) ) Licenses ) ) Port rights ) ) Other ) ) ​ ​ ​ ​ ​ ​ ​ ​ ) ) ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets, net of accumulated amortization $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Bunge's Brazilian subsidiary's tax deductible goodwill in the Agribusiness segment is in excess of its book goodwill. For financial reporting purposes, for other intangible assets acquired prior to 2009, before recognizing any income tax benefit of tax deductible goodwill in excess of its book goodwill in the consolidated statements of income and after the related book goodwill has been reduced to zero, any such remaining tax deductible goodwill in excess of its book goodwill is used to reduce other intangible assets to zero. In 2015, Bunge acquired $73 million of port rights and $55 million other intangible assets including $36 million of customer lists. Bunge allocated $111 million to the Milling segment, $15 million to the Edible Oils segment, and $2 million to the Agribusiness segment. Finite lives of these intangibles range from 10 to 27 years. In 2014, Bunge acquired $2 million of patents for developed technology. The amount was allocated to the Agribusiness segment. Finite lives of these patents are for 10 years. Aggregate amortization expense was $27 million, $32 million and $44 million for the years ended December 31, 2015, 2014 and 2013, respectively. The estimated future aggregate amortization expense is $30 million for 2016 and approximately $30 million annually for 2017 through 2020.

IMPAIRMENTS

IMPAIRMENTS	12 Months Ended
	Dec. 31, 2015
IMPAIRMENTS
IMPAIRMENTS	10. IMPAIRMENTS Impairment —For the year ended December 31, 2015, Bunge recorded pre-tax, impairment charges of $57 million, of which $15 million, $14 million and $13 million are included in cost of goods sold, selling, general and administrative expenses and goodwill impairment, respectively, in its consolidated statement of income. These amounts are primarily made up of, $15 million that relates to the announced closure of an oil packaging plant in the United States, $14 million that relates to the impairment of an equity method investment in a freight shipping company in Europe and $13 million that relates to a pre-tax goodwill impairment charge related to the tomato products business in Brazil. The remaining impairment amounts recorded by Bunge for the year ended December 31, 2015 were individually insignificant. The fair values of the assets were determined utilizing discounted future expected cash flows, and in the case of the equity method investment, net market value based on broker quotes of similar assets. For the year ended December 31, 2014, Bunge recorded pre-tax, non-cash impairment charges of $130 million, of which $103 million and $18 million are included in cost of goods sold and selling, general and administrative expenses, respectively, in its consolidated statement of income. These amounts are primarily made up of $114 million that relates to a Brazil sugarcane mill and a portion of the associated biological assets as well as agricultural machinery in the Sugar and Bioenergy segment, $5 million that relates to the impairment of an investment in a biodiesel company in Europe and $2 million in certain Agribusiness assets in Brazil. The remaining impairment amounts recorded by Bunge for the year ended December 31, 2014 were individually insignificant. The fair values of the assets were determined utilizing discounted future expected cash flows and, in the case of the agricultural machinery, bids from prospective buyers. For the year ended December 31, 2013, Bunge recorded pre-tax, impairment charges of $35 million, of which $21 million, $4 million, and $10 million are included in cost of goods sold, selling, general and administrative expenses and other income (expense)—net, respectively, in its consolidated statement of income. These amounts are primarily made up of $24 million that relates to several agricultural, industrial assets and other fixed assets, primarily machinery held for sale in Brazil in the Sugar and Bioenergy segment. The remaining impairment amounts recorded by Bunge for the year ended December 31, 2013 were individually insignificant. The fair values of the assets were determined utilizing future expected cash flows a nd bids from prospective buyers . Nonrecurring fair value measurements —The following table summarizes assets measured at fair value on a nonrecurring basis subsequent to initial recognition at December 31, 2015, 2014 and 2013, respectively. For additional information on Level 1, 2 and 3 inputs see Note 15. Fair Value Measurements Using Carrying Value Year Ended December 31, 2015 Impairment Losses Year ended December 31, 2015 (US$ in millions) Level 1 Level 2 Level 3 Property, plant and equipment $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill (see Note 8) $ — $ — $ — $ — $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in affiliates $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using Carrying Value Year Ended December 31, 2014 Impairment Losses Year ended December 31, 2014 (US$ in millions) Level 1 Level 2 Level 3 Non-current assets held for sale $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in affiliates $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using Carrying Value Year Ended December 31, 2013 Impairment Losses Year ended December 31, 2013 (US$ in millions) Level 1 Level 2 Level 3 Non-current assets held for sale $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INVESTMENTS IN AFFILIATES

INVESTMENTS IN AFFILIATES	12 Months Ended
	Dec. 31, 2015
INVESTMENTS IN AFFILIATES
INVESTMENTS IN AFFILIATES	11. INVESTMENTS IN AFFILIATES Bunge participates in various unconsolidated joint ventures and other investments accounted for using the equity method. Certain equity method investments at December 31, 2015 are described below. Bunge allocates equity in earnings of affiliates to its reporting segments. Agribusiness G3 Global Grain Group Limited —Bunge has a 51% ownership interest in G3 Global Grain Group Limited, a joint venture with Saudi Agricultural and Livestock Investment Company ("SALIC") that operates grain facilities in Canada (see Note 2). PT Bumiraya Investindo —Bunge has a 35% ownership interest in PT Bumiraya Investindo, an Indonesian palm plantation company. Bunge-SCF Grain, LLC —Bunge has a 50% interest in Bunge-SCF Grain, LLC, a joint venture with SCF Agri/Fuels LLC that operates grain facilities along the Mississippi River. Caiasa—Paraguay Complejo Agroindustrial Angostura S.A —Bunge has a 33.33% ownership interest in an oilseed processing facility joint venture with Louis Dreyfus Commodities and Aceitera General Deheza S.A. ("AGD"), in Paraguay. Terminal 6 S.A. and Terminal 6 Industrial S.A —Bunge has a joint venture in Argentina with AGD for the operation of the Terminal 6 port facility located in the Santa Fe province of Argentina. Bunge is also a party to a second joint venture with AGD that operates a crushing facility located adjacent to the Terminal 6 port facility. Bunge owns 40% and 50%, respectively, of these joint ventures. Sugar and Bioenergy Solazyme Bunge Produtos Renovaveis Ltda. ("SB Oils") —In April 2012, Bunge entered into a joint venture with Solazyme Inc. for the production of renewable oils in Brazil, using sugar supplied by one of Bunge's mills. Bunge has a 49.9% interest in this entity. ProMaiz —Bunge has a joint venture in Argentina with AGD for the construction and operation of a corn wet milling facility. Bunge is a 50% owner in this joint venture. Southwest Iowa Renewable Energy, LLC ("SIRE") —Bunge is a 25% owner of SIRE. The other owners are primarily agricultural producers located in Southwest Iowa. SIRE operates an ethanol plant near Bunge's oilseed processing facility in Council Bluffs, Iowa.

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS	12 Months Ended
	Dec. 31, 2015
OTHER NON-CURRENT ASSETS
OTHER NON-CURRENT ASSETS	12. OTHER NON-CURRENT ASSETS Other non-current assets consist of the following: (US$ in millions) December 31, 2015 December 31, 2014 Recoverable taxes, net (1) $ $ Judicial deposits (1) Other long-term receivables Income taxes receivable (1) Long-term investments Affiliate loans receivable, net Long-term receivables from farmers in Brazil, net (1) Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) These non-current assets arise primarily from Bunge's Brazilian operations and their realization could take in excess of five years. Recoverable taxes, net —Recoverable taxes are reported net of valuation allowances of $20 million and $31 million at December 31, 2015 and 2014, respectively. Judicial deposits —Judicial deposits are funds that Bunge has placed on deposit with the courts in Brazil. These funds are held in judicial escrow relating to certain legal proceedings pending legal resolution and bear interest at the SELIC rate, which is the benchmark rate of the Brazilian central bank. Income taxes receivable —Income taxes receivable includes overpayments of current income taxes plus accrued interest. These income tax prepayments are expected to be utilized for settlement of future income tax obligations. Income taxes receivable in Brazil bear interest at the SELIC rate. Long-term investments —Long-term investments represent primarily investments held by certain managed investment funds, which are included in Bunge's consolidated financial statements. The consolidated funds are, for U.S. GAAP purposes, investment companies and therefore are not required to consolidate their majority owned and controlled investments. Bunge reflects these investments at fair value. The fair value of these investments (a Level 3 measurement) is nil and $208 million at December 31, 2015 and 2014, respectively. The decline of these investments is a result of the discontinuance of Bunge's asset management activities. At December 31, 2015 Bunge expects that certain of the investments in these investment funds will be sold in the next twelve months and as such they have been reclassified to current in the consolidated balance sheet. Affiliate loans receivable, net —Affiliate loans receivable, net is primarily interest bearing receivables from unconsolidated affiliates with an initial maturity of greater than one year. Long-term receivables from farmers in Brazil, net —Bunge provides financing to farmers in Brazil, primarily through secured advances against farmer commitments to deliver agricultural commodities (primarily soybeans) upon harvest of the then-current year's crop and through credit sales of fertilizer to farmers. The table below summarizes Bunge's recorded investment in long-term receivables from farmers in Brazil. December 31, (US$ in millions) 2015 2014 Legal collection process (1) $ $ Renegotiated amounts (2) Other long-term receivables — ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) All amounts in legal process are considered past due upon initiation of legal action. (2) All renegotiated amounts are current on repayment terms. The average recorded investment in long-term receivables from farmers in Brazil for the years ended December 31, 2015 and 2014 was $214 million and $289 million, respectively. The table below summarizes Bunge's recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts. December 31, 2015 December 31, 2014 (US$ in millions) Recorded Investment Allowance Recorded Investment Allowance For which an allowance has been provided: Legal collection process $ $ $ $ Renegotiated amounts For which no allowance has been provided: Legal collection process — — Renegotiated amounts — — Other long-term receivables — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil. December 31, (US$ in millions) 2015 2014 Beginning balance $ $ Bad debt provisions Recoveries ) ) Write-offs ) ) Transfers (1) Foreign exchange translation ) ) ​ ​ ​ ​ ​ ​ ​ ​ Ending balance $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Represents reclassifications from allowance for doubtful accounts-current for secured advances to suppliers.

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2015
OTHER CURRENT LIABILITIES
OTHER CURRENT LIABILITIES	13. OTHER CURRENT LIABILITIES Other current liabilities consist of the following: (US$ in millions) December 31, 2015 December 31, 2014 Accrued liabilities $ $ Unrealized losses on derivative contracts at fair value Advances on sales Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
INCOME TAXES
INCOME TAXES	14. INCOME TAXES Bunge operates globally and is subject to the tax laws and regulations of numerous tax jurisdictions and authorities, as well as tax agreements and treaties among these jurisdictions. Bunge's tax provision is impacted by, among other factors, changes in tax laws, regulations, agreements and treaties, currency exchange rates and Bunge's profitability in each taxing jurisdiction. Bunge has elected to use the U.S. federal income tax rate to reconcile the actual provision for income taxes. The components of income from operations before income tax are as follows: Year Ended December 31, (US$ in millions) 2015 2014 2013 United States $ $ $ Non-United States ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The components of the income tax (expense) benefit are: Year Ended December 31, (US$ in millions) 2015 2014 2013 Current: (1) United States $ ) $ ) $ ) Non-United States ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred: United States ) ) ) Non-United States ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Included in current income tax expense are $14 million, $(6) million, and $32 million related to uncertain tax benefits for the years ended December 31, 2015, 2014 and 2013, respectively. Reconciliation of the income tax (expense) benefit if computed at the U.S. Federal income tax rate to Bunge's reported income tax benefit (expense) is as follows: Year Ended December 31, (US$ in millions) 2015 2014 2013 Income from operations before income tax $ $ $ Income tax rate % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income tax expense at the U.S. Federal tax rate ) ) ) Adjustments to derive effective tax rate: Foreign earnings taxed at different statutory rates Valuation allowances ) ) ) Fiscal incentives (1) Foreign exchange on monetary items ) Tax rate changes ) ) ) Non-deductible expenses ) ) ) Uncertain tax positions ) ) Deferred balance adjustments ) ) Equity distributions Foreign income taxed in Brazil — Other ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income tax benefit (expense) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Fiscal incentives predominantly relate to investment incentives in Brazil that are exempt from Brazilian income tax. The primary components of the deferred tax assets and liabilities and the related valuation allowances are as follows: December 31, (US$ in millions) 2015 2014 Deferred income tax assets: Net operating loss carryforwards $ $ Property, plant and equipment Employee benefits Tax credit carryforwards Inventories Intangibles Accrued expenses and other ​ ​ ​ ​ ​ ​ ​ ​ Total deferred income tax assets Less valuation allowances ) ) ​ ​ ​ ​ ​ ​ ​ ​ Deferred income tax assets, net of valuation allowance ​ ​ ​ ​ ​ ​ ​ ​ Deferred income tax liabilities: Property, plant and equipment Undistributed earnings of affiliates not considered permanently reinvested Intangibles Investments Inventories Accrued expenses and other ​ ​ ​ ​ ​ ​ ​ ​ Total deferred income tax liabilities ​ ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred income tax assets and liabilities are measured using the enacted tax rates expected to apply to the years in which those temporary differences are expected to be recovered or settled. With respect to its unremitted earnings that are not considered to be indefinitely reinvested, Bunge has provided a deferred tax liability totaling $11 million and $10 million as of December 31, 2015 and 2014, respectively. As of December 31, 2015, Bunge has determined it has unremitted earnings that are considered to be indefinitely reinvested of approximately $902 million and, accordingly, no provision for income taxes has been made. If these earnings were distributed in the form of dividends or otherwise, Bunge would be subject to income taxes either in the form of withholding taxes or income taxes to the recipient; however, it is not practicable to estimate the amount of taxes that would be payable upon remittance of these earnings. At December 31, 2015, Bunge's pre-tax loss carryforwards totaled $3,235 million, of which $2,269 million have no expiration, including loss carryforwards of $1,472 million in Brazil. While loss carryforwards in Brazil can be carried forward indefinitely, annual utilization is limited to 30% of taxable income calculated on an entity by entity basis as Brazil tax law does not provide for a consolidated return concept. As a result, realization of these carryforwards may take in excess of five years. The remaining tax loss carryforwards expire at various periods beginning in 2015 through the year 2030. Income Tax Valuation Allowances —Bunge records valuation allowances when current evidence does not suggest that some portion or all of its deferred tax assets will be realized. The ultimate realization of deferred tax assets depends primarily on Bunge's ability to generate sufficient timely future income of the appropriate character in the appropriate taxing jurisdiction. As of December 31, 2015 and 2014, Bunge has recorded valuation allowances of $798 million and $1,078 million, respectively. The net decrease of $280 million results primarily from cumulative translation adjustments for Brazil and other business operations. Uncertain Tax Positions —ASC Topic 740 requires applying a "more likely than not" threshold to the recognition and de-recognition of tax benefits. Accordingly Bunge recognizes the amount of tax benefit that has a greater than 50 percent likelihood of being ultimately realized upon settlement. At December 31, 2015 and 2014, respectively, Bunge had recorded uncertain tax positions of $63 million and $81 million in other non-current liabilities and $1 million and $2 million in current liabilities in its consolidated balance sheets. During 2015, 2014 and 2013, respectively, Bunge recognized $1 million, $16 million and $10 million of interest and penalty charges in income tax (expense) benefit in the consolidated statements of income. At December 31, 2015 and 2014, respectively, Bunge had included accrued interest and penalties of $26 million and $26 million within the related tax liability line in the consolidated balance sheets. A reconciliation of the beginning and ending amount of unrecognized tax benefits follows: (US$ in millions) 2015 2014 2013 Balance at January 1, $ $ $ Additions based on tax positions related to the current year Additions based on acquisitions — Additions based on tax positions related to prior years Reductions for tax positions of prior years ) ) ) Settlement or clarification from tax authorities ) ) — Expiration of statute of limitations ) ) ) Foreign currency translation ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Substantially all of the unrecognized tax benefits balance, if recognized, would affect Bunge's effective income tax rate. Bunge believes that it is reasonably possible that approximately $10 million of its unrecognized tax benefits may be recognized by the end of 2015 as a result of a lapse of the statute of limitations or settlement with the tax authorities. Bunge, through its subsidiaries, files income tax returns in the United States (federal and various states) and non-United States jurisdictions. The table below reflects the tax years for which Bunge is subject to income tax examinations by tax authorities: Open Tax Years North America 2009 - 2015 South America 2009 - 2015 Europe 2006 - 2015 Asia-Pacific 2003 - 2015 As of December 31, 2015, Bunge's Brazilian subsidiaries have received income tax assessments relating to 2008 through 2012 of approximately 3,494 million Brazilian reais (approximately $895 million), plus applicable interest on the outstanding amount. Bunge has recorded unrecognized tax benefits related to these tax assessments of 23 million Brazilian reais (approximately $6 million) as of December 31, 2015. In addition, as of December 31, 2015, Bunge's Argentine subsidiary had received income tax assessments relating to 2006 through 2009 of approximately 1,381 million Argentine pesos (approximately $105 million), plus applicable interest on the outstanding amount due of approximately 3,089 million Argentine pesos (approximately $237 million). Bunge anticipates that the tax authorities will examine fiscal years 2010-2013, although no notice has been rendered to Bunge's Argentine subsidiary. Management, in consultation with external legal advisors, believes that it is more likely than not that Bunge will prevail on the proposed assessments (with exception of unrecognized tax benefit discussed above) in Brazil and Argentina and intends to vigorously defend its position against these assessments. Bunge made cash income tax payments, net of refunds received, of $271 million, $303 million and $156 million during the years ended December 31, 2015, 2014 and 2013, respectively.

FINANCIAL INSTRUMENTS AND FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2015
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	15. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Bunge's various financial instruments include certain components of working capital such as cash and cash equivalents, trade accounts receivable and trade accounts payable. Additionally, Bunge uses short and long-term debt to fund operating requirements. Cash and cash equivalents, trade accounts receivable, trade accounts payable and short-term debt are stated at their carrying value, which is a reasonable estimate of fair value. See Note 18 for deferred purchase price receivable related to sales of trade receivables. See Note 12 for long-term receivables from farmers in Brazil, net and other long-term investments, see Note 17 for long-term debt, see Note 10 for other non-recurring fair value measurements and see Note 19 employee benefit plans. Bunge's financial instruments also include derivative instruments and marketable securities, which are stated at fair value. Fair value is the expected price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Bunge determines the fair values of its readily marketable inventories, derivatives, and certain other assets based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs are inputs based on market data obtained from sources independent of Bunge that reflect the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are inputs that are developed based on the best information available in circumstances that reflect Bunge's own assumptions based on market data and on assumptions that market participants would use in pricing the asset or liability. The fair value standard describes three levels within its hierarchy that may be used to measure fair value. Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 1 assets and liabilities include exchange traded derivative contracts. Level 2: Observable inputs, including Level 1 prices (adjusted), quoted prices for similar assets or liabilities, quoted prices in markets that are less active than traded exchanges and other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include readily marketable inventories and over-the-counter ("OTC") commodity purchase and sale contracts and other OTC derivatives whose value is determined using pricing models with inputs that are generally based on exchange traded prices, adjusted for location specific inputs that are primarily observable in the market or can be derived principally from or corroborated by observable market data. Level 3: Unobservable inputs that are supported by little or no market activity and that are a significant component of the fair value of the assets or liabilities. In evaluating the significance of fair value inputs, Bunge gives consideration to items that individually or when aggregated with other inputs, generally represent more than 10% of the fair value of the assets or liabilities. For such identified inputs, judgments are required when evaluating both quantitative and qualitative factors in the determination of significance for purposes of fair value level classification and disclosure. Level 3 assets and liabilities include assets and liabilities whose value is determined using proprietary pricing models, discounted cash flow methodologies or similar techniques; as well as, assets and liabilities for which the determination of fair value requires significant management judgment or estimation. Bunge believes a change in these inputs would not result in a significant change in the fair values. The majority of Bunge's exchange traded agricultural commodity futures are settled daily generally through its clearing subsidiary and, therefore, such futures are not included in the table below. Assets and liabilities are classified in their entirety based on the lowest level of input that is a significant component of the fair value measurement. The lowest level of input is considered Level 3. The following table sets forth, by level, Bunge's assets and liabilities that were accounted for at fair value on a recurring basis. Fair Value Measurements at Reporting Date December 31, 2015 December 31, 2014 (US$ in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Readily marketable inventories (Note 5) $ — $ $ $ $ — $ $ $ Trade accounts receivable (1) — — — — Unrealized gain on designated derivative contracts (2) : Foreign exchange — — — — Unrealized gain on undesignated derivative contracts (2) : Foreign exchange — — Commodities Freight — — — Energy — — Deferred purchase price receivable (Note 18) — — — — Other (3) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: Trade accounts payable (1) $ — $ $ $ $ — $ $ $ Unrealized loss on designated derivative contracts (4) : Interest rate — — — — — — Foreign exchange — — — — Unrealized loss on undesignated derivative contracts (4) : Foreign exchange — — Commodities Freight — — — Energy — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities $ $ $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Trade accounts receivable and payable are generally stated at historical amounts, net of write-offs and allowances. with the exception of $6 million and $443 million, at December 31, 2015 and $23 million and $392 million at December 31, 2014, respectively, related to certain delivered inventory for which the receivable and payable, respectively, fluctuate based on changes in commodity prices. These receivables and payables are hybrid financial instruments for which Bunge has elected the fair value option. (2) Unrealized gains on designated and undesignated derivative contracts are generally included in other current assets. There are no such amounts included in other non-current assets at December 31, 2015 and December 31, 2014, respectively. (3) Other includes the fair values of marketable securities and investments in other current assets and other non-current assets. (4) Unrealized losses on designated and undesignated derivative contracts are generally included in other current liabilities. There are no such amounts included in other non-current liabilities at December 31, 2015 and December 31, 2014, respectively. Derivatives —Exchange traded futures and options contracts are valued based on unadjusted quoted prices in active markets and are classified within Level 1. Bunge's forward commodity purchase and sale contracts are classified as derivatives along with other over the counter ("OTC") derivative instruments relating primarily to freight, energy, foreign exchange and interest rates, and are classified within Level 2 or Level 3 as described below. Bunge estimates fair values based on exchange quoted prices, adjusted as appropriate for differences in local markets. These differences are generally valued using inputs from broker or dealer quotations, or market transactions in either the listed or OTC markets. In such cases, these derivative contracts are classified within Level 2. OTC derivative contracts include swaps, options and structured transactions that are valued at fair value generally determined using quantitative models that require the use of multiple market inputs including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets which are not highly active, other observable inputs relevant to the asset or liability, and market inputs corroborated by correlation or other means. These valuation models include inputs such as interest rates, prices and indices to generate continuous yield or pricing curves and volatility factors. Where observable inputs are available for substantially the full term of the asset or liability, the instrument is categorized in Level 2. Certain OTC derivatives trade in less active markets with less availability of pricing information and certain structured transactions can require internally developed model inputs that might not be observable in or corroborated by the market. When unobservable inputs have a significant impact on the measurement of fair value, the instrument is categorized in Level 3. Exchange traded or cleared derivative contracts are classified in Level 1, thus transfers of assets and liabilities into and/or out of Level 1 occur infrequently. Transfers into Level 1 would generally only be expected to occur when an exchange cleared derivative contract historically valued using a valuation model as the result of a lack of observable inputs becomes sufficiently observable, resulting in the valuation price being essentially the exchange traded price. There were no significant transfers into or out of Level 1 during the periods presented. Readily marketable inventories —RMI reported at fair value are valued based on commodity futures exchange quotations, broker or dealer quotations, or market transactions in either listed or OTC markets with appropriate adjustments for differences in local markets where Bunge's inventories are located. In such cases, the inventory is classified within Level 2. Certain inventories may utilize significant unobservable data related to local market adjustments to determine fair value. In such cases, the inventory is classified as Level 3. If Bunge used different methods or factors to determine fair values, amounts reported as unrealized gains and losses on derivative contracts and RMI at fair value in the consolidated balance sheets and consolidated statements of income could differ. Additionally, if market conditions change subsequent to the reporting date, amounts reported in future periods as unrealized gains and losses on derivative contracts and RMI at fair value in the consolidated balance sheets and consolidated statements of income could differ. Level 3 Measurements —Transfers in and/or out of Level 3 represent existing assets or liabilities that were either previously categorized as a higher level for which the inputs to the model became unobservable or assets and liabilities that were previously classified as Level 3 for which the lowest significant input became observable during the period. Bunge's policy regarding the timing of transfers between levels is to record the transfers at the beginning of the reporting period. Level 3 Derivatives —Level 3 derivative instruments utilize both market observable and unobservable inputs within the fair value measurements. These inputs include commodity prices, price volatility, interest rates, volumes and locations. In addition, with the exception of the exchange cleared instruments, Bunge is exposed to loss in the event of the non-performance by counterparties on OTC derivative instruments and forward purchase and sale contracts. Adjustments are made to fair values on occasions when non-performance risk is determined to represent a significant input in Bunge's fair value determination. These adjustments are based on Bunge's estimate of the potential loss in the event of counterparty non-performance. Bunge did not have significant adjustments related to non-performance by counterparties at December 31, 2015 and 2014, respectively. Level 3 Readily marketable inventories and other —The significant unobservable inputs resulting in Level 3 classification for RMI, physically settled forward purchase and sale contracts, and trade accounts receivable and payable, net, relate to certain management estimations regarding costs of transportation and other local market or location-related adjustments, primarily freight related adjustments in the interior of Brazil and the lack of market corroborated information in Canada. In both situations, Bunge uses proprietary information such as purchase and sale contracts and contracted prices for freight, premiums and discounts to value its contracts. Movements in the price of these unobservable inputs alone would not have a material effect on Bunge's financial statements as these contracts do not typically exceed one future crop cycle. The tables below present reconciliations for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2015 and 2014. These instruments were valued using pricing models that management believes reflect the assumptions that would be used by a marketplace participant. Level 3 Instruments Fair Value Measurements (US$ in millions) Derivatives, Net (1) Readily Marketable Inventories Trade Accounts Receivable/ Payable, Net (2) Total Balance, January 1, 2015 $ ) $ $ ) $ Total gains and losses (realized/unrealized) included in cost of goods sold ) Purchases ) Sales — ) — ) Issuances ) — ) ) Settlements ) — Transfers into Level 3 ) Transfers out of Level 3 ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2015 $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Derivatives, net include Level 3 derivative assets and liabilities. (2) Trade Accounts Receivable and Trade Accounts Payable, net, include Level 3 inventory related receivables and payables. Level 3 Instruments Fair Value Measurements (US$ in millions) Derivatives, Net (1) Readily Marketable Inventories Trade Accounts Receivable/ Payable, Net (2) Total Balance, January 1, 2014 $ $ $ ) $ Total gains and losses (realized/unrealized) included in cost of goods sold ) Purchases ) Sales — ) ) Issuances — ) ) Settlements ) — Transfers into Level 3 ) Transfers out of Level 3 ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2014 $ ) $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Derivatives, net include Level 3 derivative assets and liabilities. (2) Trade Accounts Receivable and Trade Accounts Payable, net, include Level 3 inventory related receivables and payables. The tables below summarize changes in unrealized gains or (losses) recorded in earnings during the years ended December 31, 2015 and 2014 for Level 3 assets and liabilities that were held at December 31, 2015 and 2014. Level 3 Instruments Fair Value Measurements (US$ in millions) Derivatives, Net (1) Readily Marketable Inventories Trade Accounts Receivable and Payable, Net (2) Total Changes in unrealized gains and (losses) relating to assets and liabilities held at December 31, 2015 Cost of goods sold $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in unrealized gains and (losses) relating to assets and liabilities held at December 31, 2014 Cost of goods sold $ $ ) $ — $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Derivatives, net include Level 3 derivative assets and liabilities. (2) Trade Accounts Receivable and Trade Accounts Payable, net, include Level 3 inventory related receivables and payables. Derivative Instruments Interest rate derivatives —Bunge from time-to-time uses interest rate derivatives, including interest rate swaps, interest rate basis swaps, interest rate options or interest rate futures. During 2015, Bunge entered into interest rate swap agreements for the purpose of managing certain of its interest rate exposures. The interest rate swaps used by Bunge as hedging instruments have been recorded at fair value in the consolidated balance sheets with changes in fair value recorded contemporaneously in earnings. These swap agreements have been designated as fair value hedges. Additionally, the carrying amount of the associated hedged debt is adjusted through earnings for changes in the fair value arising from changes in benchmark interest rates. Ineffectiveness is recognized to the extent that these two adjustments do not offset. As of December 31, 2015, Bunge had fixed-to-variable interest rate agreements having a total notional amount of $500 million that requires Bunge to pay interest at a variable rate and receive interest at 3.5%. These interest rate swap agreements are designated as fair value hedges of $500 million of its 3.5% 2020 Senior Notes (See Note 17). The table below summarizes the notional amounts of open interest rate positions. December 31, 2015 (US$ in millions) Notional Amount of Hedged Obligation Notional Amount of Derivative (3) Interest rate swap agreements $ $ Weighted average rate payable—3 month LIBOR plus 1.91% (1) Weighted average rate receivable—3.5% (2) (1) Interest is payable in arrears semi-annually based on three-month U.S. dollar LIBOR plus 1.91%. (2) Interest is receivable in arrears based on a fixed interest rate of 3.5%. (3) The interest rate swap agreements mature in 2020. Foreign exchange derivatives —Bunge uses a combination of foreign exchange forward, futures, swap and option contracts in certain of its operations to mitigate the risk from exchange rate fluctuations in connection with certain commercial and balance sheet exposures. The foreign exchange forward and option contracts may be designated as cash flow hedges. Bunge may also use net investment hedges to partially offset the translation adjustments arising from the remeasurement of its investment in certain of its foreign subsidiaries. Bunge assesses, both at the inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedge transactions are highly effective in offsetting changes in the hedged items. The table below summarizes the notional amounts of open foreign exchange positions. December 31, 2015 Exchange Traded Non-exchange Traded Net (Short) & Long (1) Unit of Measure (US$ in millions) (Short) (2) Long (2) Foreign Exchange Options $ — $ ) $ Delta Forwards — ) Notional Futures — — Notional Swaps — ) Notional (1) Exchange traded derivatives are presented on a net (short) and long position basis. (2) Non-exchange traded derivatives are presented on a gross (short) and long position basis. Commodity derivatives —Bunge uses commodity derivative instruments to manage its exposure to movements associated with agricultural commodity prices. Bunge generally uses exchange traded futures and options contracts to minimize the effects of changes in the prices of agricultural commodities on its agricultural commodity inventories and forward purchase and sale contracts, but may also from time-to-time enter into OTC commodity transactions, including swaps, which are settled in cash at maturity or termination based on exchange-quoted futures prices. Forward purchase and sale contracts are primarily settled through delivery of agricultural commodities. While Bunge considers these exchange traded futures and forward purchase and sale contracts to be effective economic hedges, Bunge does not designate or account for the majority of its commodity contracts as hedges. The forward contracts require performance of both Bunge and the contract counterparty in future periods. Contracts to purchase agricultural commodities generally relate to current or future crop years for delivery periods quoted by regulated commodity exchanges. Contracts for the sale of agricultural commodities generally do not extend beyond one future crop cycle. The table below summarizes the volumes of open agricultural commodities derivative positions. December 31, 2015 Exchange Traded Non-exchange Traded Net (Short) & Long (1) Unit of Measure (Short) (2) Long (2) Agricultural Commodities Futures ) — — Metric Tons Options ) — Metric Tons Forwards — ) Metric Tons Swaps — ) Metric Tons (1) Exchange traded derivatives are presented on a net (short) and long position basis. (2) Non-exchange traded derivatives are presented on a gross (short) and long position basis. Ocean freight derivatives —Bunge uses derivative instruments referred to as freight forward agreements (FFAs) and FFA options to hedge portions of its current and anticipated ocean freight costs. Changes in the fair values of ocean freight derivatives that are not designated as hedges are recorded in earnings. There were no designated hedges at December 31, 2015 and 2014, respectively. The table below summarizes the open ocean freight positions. December 31, 2015 Exchange Cleared Non-exchange Cleared Net (Short) & Long (1) Unit of Measure (Short) (2) Long (2) Ocean Freight FFA — — Hire Days FFA Options ) — — Hire Days (1) Exchange cleared derivatives are presented on a net (short) and long position basis. (2) Non-exchange cleared derivatives are presented on a gross (short) and long position basis. Energy derivatives —Bunge uses energy derivative instruments for various purposes including to manage its exposure to volatility in energy costs. Bunge's operations use substantial amounts of energy, including natural gas, coal, and fuel oil, including bunker fuel. The table below summarizes the open energy positions. December 31, 2015 Exchange Traded Non-exchange Cleared Net (Short) & Long (1) Unit of Measure (3) (Short) (2) Long (2) Natural Gas (3) Futures — — MMBtus Swaps — ) MMBtus Options — — — MMBtus Energy—Other Futures ) — — Metric Tons Forwards — — Metric Tons Swaps — — Metric Tons Options — — Metric Tons (1) Exchange traded and cleared derivatives are presented on a net (short) and long position basis. (2) Non-exchange cleared derivatives are presented on a gross (short) and long position basis. (3) Million British Thermal Units (MMBtus) is the standard unit of measurement used to denote an amount of natural gas. The Effect of Derivative Instruments on the Consolidated Statements of Income The table below summarizes the effect of derivative instruments that are designated as fair value hedges and also derivative instruments that are undesignated on the consolidated statements of income for the years ended December 31, 2015 and 2014. Gain or (Loss) Recognized in Income on Derivative Instruments December 31, (US$ in millions) Location 2015 2014 Undesignated Derivative Contracts: Interest Rate Interest income/Interest expense $ — $ ) Interest Rate Other income (expense)—net ) — Foreign Exchange Foreign exchange gains (losses) ) ) Foreign Exchange Cost of goods sold ) Commodities Cost of goods sold ) Freight Cost of goods sold ) Energy Cost of goods sold ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The table below summarizes the effect of derivative instruments that are designated and qualify as cash flow and net investment hedges on the consolidated statement of income. Year Ended December 31, 2015 Gain or (Loss) Reclassified from Accumulated OCI into Income Gain or (Loss) Recognized in Income on Derivatives Gain or (Loss) Recognized in Accumulated OCI (1) Notional Amount (US$ in millions) Location Amount Location Amount (2) Cash Flow Hedge: Foreign Exchange (3) $ $ ) Foreign exchange gains (losses) $ ) Foreign exchange gains (losses) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ) $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedge: Foreign Exchange (3) $ $ Foreign exchange gains (losses) $ — Foreign exchange gains (losses) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The gain (loss) recognized relates to the effective portion of the hedging relationship. At December 31, 2015, Bunge expects to reclassify into income in the next 12 months $76 million after-tax loss related to its foreign exchange cash flow and nil for net investment hedges. (2) There was no gain or loss recognized in income relating to the ineffective portion of the hedging relationships or relating to amounts excluded from the assessment of hedge effectiveness. (3) The foreign exchange contracts mature at various dates through November 2020. Year Ended December 31, 2014 Gain or (Loss) Reclassified from Accumulated OCI into Income Gain or (Loss) Recognized in Income on Derivatives Gain or (Loss) Recognized in Accumulated OCI (1) Notional Amount (US$ in millions) Location Amount Location Amount (2) Cash Flow Hedge: Foreign Exchange (3) $ $ Foreign exchange gains (losses) $ Foreign exchange gains (losses) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedge: Foreign Exchange (3) $ $ Foreign exchange gains (losses) $ — Foreign exchange gains (losses) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The gain or (loss) recognized relates to the effective portion of the hedging relationship. At December 31, 2014, Bunge expected to reclassify into income in the next 12 months approximately $4 million after-tax gains (losses) related to its foreign exchange cash flow hedges and nil for net investment hedges. (2) There was no gain or loss recognized in income relating to the ineffective portion of the hedging relationships or to amounts excluded from the assessment of hedge effectiveness. (3) The foreign exchange contracts matured at various dates in 2014.

SHORT-TERM DEBT AND CREDIT FACI

SHORT-TERM DEBT AND CREDIT FACILITIES	12 Months Ended
	Dec. 31, 2015
SHORT-TERM DEBT AND CREDIT FACILITIES
SHORT-TERM DEBT AND CREDIT FACILITIES	16. SHORT-TERM DEBT AND CREDIT FACILITIES Bunge's short-term borrowings are typically sourced from various banking institutions and the U.S. commercial paper market. Bunge also borrows from time to time in local currencies in various foreign jurisdictions. Interest expense includes facility commitment fees, amortization of deferred financing costs and charges on certain lending transactions, including certain intercompany loans and foreign currency conversions in Brazil. The weighted-average interest rate on short-term borrowings at December 31, 2015 and 2014 was 4.92% and 4.33%, respectively. December 31, (US$ in millions) 2015 2014 Lines of credit: Secured, interest rates from 2.33% to 9.75% $ $ Unsecured, fixed interest rates from 13.38% to 18.50% (1) Unsecured, variable interest rates from 1.17% to 32.00% (1) ​ ​ ​ ​ ​ ​ ​ ​ Total short-term debt $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes $130 million and $155 million of local currency borrowings in certain Central and Eastern European, South American and Asia-Pacific countries at a weighted-average interest rate of 16.06% and 11.95% as of December 31, 2015 and 2014, respectively. Bunge's commercial paper program is supported by an identical amount of committed back up bank credit lines (the "Liquidity Facility") provided by banks that are rated at least A-1 by Standard & Poor's Financial Services and P-1 by Moody's Investors Service. On November 20, 2014, Bunge entered into an unsecured $600 million five-year Liquidity Facility with certain lenders party thereto. The Liquidity Facility replaced the then existing $600 million five-year liquidity facility, dated as of November 17, 2011. The cost of borrowing under the Liquidity Facility would typically be higher than the cost of issuing under Bunge's commercial paper program. At December 31, 2015 and December 31, 2014, there were no borrowings outstanding under the commercial paper program and no borrowings under the Liquidity Facility. In addition to the committed facilities discussed above, from time-to-time, Bunge Limited and/or its financing subsidiaries enter into uncommitted bilateral short-term credit lines as necessary based on its financing requirements. At December 31, 2015 and 2014, nil and $50 million were outstanding under these bilateral short-term credit lines, respectively. Loans under such credit lines are non-callable by the respective lenders. In addition, Bunge's operating companies had $626 million in short-term borrowings outstanding from local bank lines of credit at December 31, 2015 to support working capital requirements.

LONG-TERM DEBT AND CREDIT FACIL

LONG-TERM DEBT AND CREDIT FACILITIES	12 Months Ended
	Dec. 31, 2015
LONG-TERM DEBT AND CREDIT FACILITIES
LONG-TERM DEBT AND CREDIT FACILITIES	17. LONG-TERM DEBT AND CREDIT FACILITIES Long-term debt obligations are summarized below. December 31, (US$ in millions) 2015 2014 Revolving credit facilities $ $ Term loan due 2019—three-month Yen LIBOR plus 0.75% (Tranche A) — Term loan due 2019—fixed Yen interest rate of 0.96% (Tranche B) — Term loan due 2019—three-month LIBOR plus 1.30% (Tranche C) — 5.10% Senior Notes due 2015 — 4.10% Senior Notes due 2016 5.90% Senior Notes due 2017 3.20% Senior Notes due 2017 8.50% Senior Notes due 2019 3.50% Senior Notes due 2020 — Consolidated investment fund debt (1) Other ​ ​ ​ ​ ​ ​ ​ ​ Subtotal Less: Current portion of long-term debt ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total long-term debt $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Consolidated investment fund debt matures at various dates through 2018 with no recourse to Bunge. Bunge elected to account for $53 million and $195 million at fair value as of December 31, 2015 and 2014, respectively. The fair values of long-term debt, including current portion, at December 31, 2015 and 2014 were $3,940 million and $3,468 million, respectively, calculated based on interest rates currently available on comparable maturities to companies with credit standing similar to that of Bunge. The carrying amounts and fair values of long-term debt are as follows: December 31, 2015 December 31, 2014 (US$ in millions) Carrying Value Fair Value (Level 2) Fair Value (Level 3) Carrying Value Fair Value (Level 2) Fair Value (Level 3) Long-term debt, including current portion $ $ $ $ $ $ On November 24, 2015, Bunge completed the sale of $500 million aggregate principal amount of unsecured senior notes bearing interest at 3.50% per annum and maturing on November 24, 2020. The senior notes were issued by Bunge's 100% owned finance subsidiary, Bunge Limited Finance Corp., and are fully and unconditionally guaranteed by Bunge Limited. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The net proceeds of approximately $496 million were used for general corporate purposes, including, but not limited to the repayment of outstanding indebtedness, which includes indebtedness under revolving credit facilities. On August 10, 2015, Bunge entered into an amendment agreement to its unsecured $1,750 million syndicated revolving credit facility, dated March 17, 2014 (the "Facility"). The amendment agreement extends the maturity date of the Facility to August 10, 2018. Bunge has the option to request an extension of the maturity date of the Facility for two additional one-year periods. Each lender in its sole discretion may agree to any such request. The amendment agreement also lowers the range of margin applicable to Bunge's borrowings under the Facility. Borrowings under the Facility will bear interest at LIBOR plus a margin, which will vary from 0.35% to 1.35% per annum, based on the credit ratings of Bunge's senior long-term unsecured debt. Bunge will also pay a fee that varies from 0.10% to 0.40% per annum, based on the utilization of the Facility. Amounts under the Facility that remain undrawn are subject to a commitment fee payable quarterly in arrears at a rate of 35% of the margin specified above, which will vary based on the rating level at each quarterly payment date. Bunge may, from time-to-time, with the consent of the facility agent, request one or more of the existing lenders or new lenders to increase the total commitments under the Facility by up to $250 million pursuant to an accordion provision. At December 31, 2015, Bunge had $277 million of borrowings outstanding under the Facility. At December 31, 2015, Bunge had $4,263 million of unused and available borrowing capacity under its committed long-term credit facilities with a number of lending institutions. Certain land, property, equipment and investments in consolidated subsidiaries having a net carrying value of approximately $130 million at December 31, 2015 have been mortgaged or otherwise collateralized against long-term debt of $58 million at December 31, 2015. Principal Maturities —Principal maturities of long-term debt at December 31, 2015 are as follows: (US$ in millions) 2016 $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ Total (1) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Excludes unamortized net gains of $4 million related to terminated interest rate swap agreement and unamortized net losses of $3 million related to an open interest rate swap agreement recorded in long-term debt. Bunge's credit facilities and certain senior notes require it to comply with specified financial covenants related to minimum net worth, minimum current ratio, a maximum debt to capitalization ratio and limitations on secured indebtedness. Bunge was in compliance with these covenants at December 31, 2015. During the years ended December 31, 2015, 2014 and 2013, Bunge paid interest, net of interest capitalized, of $227 million, $223 million and $330 million, respectively.

TRADE RECEIVABLES SECURITIZATIO

TRADE RECEIVABLES SECURITIZATION PROGRAM	12 Months Ended
	Dec. 31, 2015
TRADE RECEIVABLES SECURITIZATION PROGRAM
TRADE RECEIVABLES SECURITIZATION PROGRAM	18. TRADE RECEIVABLES SECURITIZATION PROGRAM Bunge and certain of its subsidiaries participate in a trade receivables securitization program ("Program") with a financial institution, as administrative agent, and certain commercial paper conduit purchasers and committed purchasers (collectively, the Purchasers) that provides for funding of up to $700 million against receivables sold into the Program. The Program is designed to enhance Bunge's financial flexibility by providing an additional source of liquidity for its operations. In connection with the Program, certain of Bunge's U.S. and non-U.S. subsidiaries that originate trade receivables may sell eligible receivables in their entirety on a revolving basis to a consolidated bankruptcy remote special purpose entity, Bunge Securitization B.V. ("BSBV") formed under the laws of The Netherlands. BSBV in turn sells such purchased trade receivables to the administrative agent (acting on behalf of the Purchasers) pursuant to a receivables transfer agreement. In connection with these sales of accounts receivable, Bunge receives a portion of the proceeds up front and an additional amount upon the collection of the underlying receivables, which is expected to be generally between 10% and 15% of the aggregate amount of receivables sold through the Program. Bunge Finance 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 terminates on June 1, 2016. The trade receivables sold under the Program are subject to specified eligibility criteria, including eligible currencies, country and obligor concentration limits. As of December 31, 2015, and 2014, $524 million and $599 million, respectively, of receivables sold under the Program were derecognized from Bunge's consolidated balance sheets. Proceeds received in cash related to transfers of receivables under the Program totaled $10,396 million and $12,030 million for the years ended December 31, 2015 and 2014, respectively. In addition, cash collections from customers on receivables previously sold were $10,542 million and $12,202 million, respectively. As this is a revolving facility, cash collections from customers are reinvested to fund new receivable sales. Gross receivables sold under the Program for the years ended December 31, 2015 and 2014 were $10,601 million and $12,179 million, respectively. These sales resulted in discounts of $5 million, $7 million and $7 million for the years ended December 31, 2015 and 2014 and 2013, respectively, which were included in SG&A in the consolidated statements of income. Servicing fees under the Program were not significant in any period. Bunge's risk of loss following the sale of the trade receivables is limited to the deferred purchase price ("DPP"), which at December 31, 2015 and 2014 had a fair value of $79 million and $78 million, respectively, and is included in other current assets in the consolidated balance sheets (see Note 6). The DPP will be repaid in cash as receivables are collected, generally within 30 days. Delinquencies and credit losses on trade receivables sold under the Program during the years ended December 31, 2015 and 2014 were insignificant. Bunge has reflected all cash flows under the Program as operating cash flows in the consolidated statements of cash flows for the years ended December 31, 2015, 2014 and 2013.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2015
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	19. EMPLOYEE BENEFIT PLANS Certain U.S., Canadian, European and Brazilian based subsidiaries of Bunge sponsor non-contributory defined benefit pension plans covering substantially all employees of the subsidiaries. The plans provide benefits based primarily on participants' salary and length of service. The funding policies for Bunge's defined benefit pension plans are determined in accordance with statutory funding requirements. The most significant defined benefit plan is in the United States. The U.S. funding policy requires at least those amounts required by the Pension Protection Act of 2006. Assets of the plans consist primarily of equity and fixed income investments. Certain United States and Brazil based subsidiaries of Bunge have benefit plans to provide certain postretirement healthcare benefits to eligible retired employees of those subsidiaries. The plans require minimum retiree contributions and define the maximum amount the subsidiaries will be obligated to pay under the plans. Bunge's policy is to fund these costs as they become payable. Plan Amendments and Transfers In and Out —There were no significant amendments, settlements or transfers into or out of Bunge's employee benefit plans during the years ended December 31, 2015 or 2014. The following table sets forth in aggregate the changes in the defined benefit pension and postretirement benefit plans' benefit obligations, assets and funded status at December 31, 2015 or 2014. A measurement date of December 31 was used for all plans. Pension Benefits December 31, Postretirement Benefits December 31, (US$ in millions) 2015 2014 2015 2014 Change in benefit obligations: Benefit obligation at the beginning of year $ $ $ $ Service cost — — Interest cost Plan curtailments ) — — ) Actuarial (gain) loss, net ) Employee contributions Plan settlements ) ) — — Benefits paid ) ) ) ) Expenses paid ) ) — — Impact of foreign exchange rates ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Benefit obligation at the end of year $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in plan assets: Fair value of plan assets at the beginning of year $ $ $ — $ — Actual return on plan assets ) — — Employer contributions Employee contributions Plan settlements ) ) — — Benefits paid ) ) ) ) Expenses paid ) ) — — Impact of foreign exchange rates ) ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of plan assets at the end of year $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Funded (unfunded) status and net amounts recognized: Plan assets (less than) in excess of benefit obligation $ ) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (liability) asset recognized in the balance sheet $ ) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized in the balance sheet consist of: Non-current assets $ $ $ — $ — Current liabilities ) ) ) ) Non-current liabilities ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net liability recognized $ ) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in accumulated other comprehensive income for pension benefits at December 31, 2015 are the following amounts that have not yet been recognized in net periodic benefit costs: unrecognized prior service credit of $5 million ($3 million, net of tax) and unrecognized actuarial loss of $182 million ($118 million, net of tax). Expected prior service costs and unrecognized actuarial losses as a component of net periodic benefit costs included in accumulated other comprehensive income in 2016 is $10 million ($6 million, net of tax). Included in accumulated other comprehensive income for postretirement healthcare benefits at December 31, 2015 are the following amounts that have not yet been recognized in net periodic benefit costs: unrecognized prior service credit of $1 million ($1 million, net of tax), and unrecognized actuarial loss of $4 million ($3 million, net of tax). Bunge does not expect to recognize any unrecognized prior service credits or unrecognized actuarial losses as components of net periodic benefit costs for its postretirement benefit plans in 2016. Bunge has aggregated certain defined benefit pension plans with projected benefit obligations in excess of fair value of plan assets with pension plans that have fair value of plan assets in excess of projected benefit obligations. At December 31, 2015, $864 million projected benefit obligations includes plans with projected benefit obligations of $758 million which were in excess of the fair value of related plan assets of $570 million. At December 31, 2014, the $906 million projected benefit obligations include plans with projected benefit obligations of $770 million which were in excess of the fair value of related plan assets of $502 million. The accumulated benefit obligation for the defined pension benefit plans, respectively, was $786 million at December 31, 2015 and $814 million at December 31, 2014. The following table summarizes information relating to aggregated defined benefit pension plans with an accumulated benefit obligation in excess of plan assets: Pension Benefits December 31, (US$ in millions) 2015 2014 Projected benefit obligation $ $ Accumulated benefit obligation $ $ Fair value of plan assets $ $ At December 31, 2015, for measurement purposes related to postretirement benefit plans, an 8.1% annual rate of increase in the per capita cost of covered healthcare benefits was assumed for 2016, decreasing to 7.4% by 2029, remaining at that level thereafter. At December 31, 2014, for measurement purposes related to postretirement benefit plans, an 7.9% annual rate of increase in the per capita cost of covered healthcare benefits was assumed for 2015, decreasing to 7.0% by 2029, remaining at that level thereafter. A one-percentage point change in assumed healthcare cost trend rates would have the following effects: (US$ in millions) One-percentage point increase One-percentage point decrease Effect on total service and interest cost $ — $ — Effect on postretirement benefit obligation $ $ ) The components of net periodic benefit costs are as follows for defined benefit pension plans and postretirement benefit plans: Pension Benefits December 31, Postretirement Benefits December 31, (US$ in millions) 2015 2014 2013 2015 2014 2013 Service cost $ $ $ $ — $ — $ — Interest cost Expected return on plan assets ) ) ) — — — Amortization of prior service cost — — — Amortization of net loss — ) — Curtailment loss — — ) ) Settlement loss recognized — — — — — Special termination benefit — — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit costs $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The weighted-average actuarial assumptions used in determining the benefit obligation under the defined benefit pension and postretirement benefit plans are as follows: Pension Benefits December 31, Postretirement Benefits December 31, 2015 2014 2015 2014 Discount rate % % % % Increase in future compensation levels % % N/A N/A The weighted-average actuarial assumptions used in determining the net periodic benefit cost under the defined benefit pension and postretirement benefit plans are as follows: Pension Benefits December 31, Postretirement Benefits December 31, 2015 2014 2013 2015 2014 2013 Discount rate % % % % % % Expected long-term rate of return on assets % % % N/A N/A N/A Increase in future compensation levels % % % N/A N/A N/A The sponsoring subsidiaries select the expected long-term rate of return on assets in consultation with their investment advisors and actuaries. These rates are intended to reflect the average rates of earnings expected on the funds invested or to be invested to provide required plan benefits. The plans are assumed to continue in effect as long as assets are expected to be invested. In estimating the expected long-term rate of return on assets, appropriate consideration is given to historical performance for the major asset classes held or anticipated to be held by the applicable plan trusts and to current forecasts of future rates of return for those asset classes. Cash flows and expenses are taken into consideration to the extent that the expected returns would be affected by them. As assets are generally held in qualified trusts, anticipated returns are not reduced for taxes. Pension Benefit Plan Assets —The objectives of the plans' trust funds are to sufficiently diversify plan assets to maintain a reasonable level of risk without imprudently sacrificing returns, with a target asset allocation of approximately 40% fixed income securities and approximately 60% equities. Bunge implements its investment strategy through a combination of indexed mutual funds and a proprietary portfolio of fixed income securities. Bunge's policy is not to invest plan assets in Bunge Limited shares. Plan investments are stated at fair value which is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Plan classifies its investments in Level 1, which refers to securities that are actively traded on a public exchange and valued using quoted prices from active markets for identical assets, Level 2, which refers to securities not traded in an active market but for which observable market inputs are readily available and Level 3, which refers to other assets valued based on significant unobservable inputs. The fair values of Bunge's defined benefit pension plans' assets at the measurement date, by category, are as follows: Fair Value Measurements at December 31, 2015 Pension Benefits (US$ in millions) Asset Category Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Cash $ $ $ — $ — Equities: Mutual Funds (1) — Fixed income securities: Mutual Funds (2) — Others (3) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2014 Pension Benefits (US$ in millions) Asset Category Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Cash $ $ $ — $ — Equities: Mutual Funds (1) — Fixed income securities: Mutual Funds (2) — Others (3) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) This category represents a portfolio of equity investments comprised of equity index funds that invest in U.S. equities and non-U.S. equities. The U.S. equities are comprised of investments focusing on large, mid and small cap companies and non-U.S. equities are comprised of international, emerging markets and real estate investment trusts. (2) This category represents a portfolio of fixed income investments in mutual funds comprised of investment grade U.S. government bonds and notes, foreign government bonds and corporate bonds from diverse industries. (3) This category represents a portfolio consisting of a mixture of equity, fixed income and cash. Bunge expects to contribute $15 million and $6 million, respectively, to its defined benefit pension and postretirement benefit plans in 2016. The following benefit payments, which reflect future service as appropriate, are expected to be paid related to defined benefit pension and postretirement benefit plans: (US$ in millions) Pension Benefit Payments Postretirement Benefit Payments 2016 $ $ 2017 2018 2019 2020 2021 and onwards Employee Defined Contribution Plans —Bunge also makes contributions to qualified defined contribution plans for eligible employees. Contributions to these plans amounted to $11 million, $12 million and $12 million during the years ended December 31, 2015, 2014 and 2013, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	20. RELATED PARTY TRANSACTIONS On April 15, 2015, Bunge and Saudi Agricultural and Livestock Investment Company ("SALIC"), formed a Canadian entity, G3. Bunge has a 51% ownership interest in G3. Bunge accounts for G3 under the equity method of accounting as the ownership interest does not provide Bunge with a controlling financial interest due to certain contractual restrictions. In February 2016, SALIC completed the conversion of debt to equity under the promissory notes granted in favor of G3, thus reducing Bunge's ownership interest from 51% to 35%. Additionally, Bunge has exercised its right under a put option to sell an additional 10% ownership interest in G3 to SALIC for cash, which would further reduce Bunge's ownership interest to 25%. The put transaction is expected to be completed in the first quarter of 2016. Notes receivable —Bunge holds a note receivable from Navegações Unidas Tapajós S.A., a 50% equity method investment in Brazil, having a carrying value of $10 million at December 31, 2015 which matures in June 2017, with an interest rate of 11%. Bunge holds a note receivable from Solazyme Bunge Renewable Oils Coperatief U.A., a 49.9% equity method investment in Brazil, having a carrying value of $7 million at December 31, 2015 which matures in April 2017, with an interest rate of 14%. Bunge had a note receivable from Senwes Limited, its partner in the Bunge Senwes joint venture in South Africa, having a carrying value of $9 million which matured in 2015 and is included in other current assets in Bunge's consolidated balance sheet at December 31, 2014. In addition, Bunge held notes receivables from other related parties totaling $6 million and $11 million at December 31, 2015, and 2014, respectively. Notes payable —Bunge holds a note payable with its joint venture Bunge SCF Grain LLC with a carrying value of $5 million at December 31, 2015. This note matures on March 21, 2017 with an interest rate of 1 month LIBOR and is included in other long-term liabilities in Bunge's consolidated balance sheet. Bunge holds a note payable with its joint venture ProMaiz S.A. with a carrying value of $6 million at December 31, 2015. This note matured on January 20, 2016 with an interest rate of 22% and is included in other short-term liabilities in Bunge's consolidated balance sheet. Other —Bunge purchased soybeans and other commodity products and received port services from certain of its unconsolidated ventures, totaling $757 million, $746 million and $446 million for the years ended December 31, 2015, 2014 and 2013, respectively. Bunge also sold soybeans and other commodity products and provided port services to certain of its unconsolidated ventures, totaling $351 million, $345 million and $440 million for the years ended December 31, 2015, 2014 and 2013, respectively. At December 31, 2015 and 2014, Bunge had approximately $16 million and $75 million of receivables from these ventures included in trade accounts receivable in the consolidated balance sheets as of those dates. In addition, at December 31, 2015 and 2014, Bunge had approximately $25 million and $73 million of payables to these ventures included in trade accounts payable in the consolidated balance sheets as of those dates. In addition, Bunge provided services during the years ended December 31, 2015, 2014 and 2013, to its unconsolidated ventures totaling $106 million, $111 million and $81 million, respectively, for services including primarily tolling and administrative support. Bunge believes all of these transaction values are similar to those that would be conducted with third parties.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	21. COMMITMENTS AND CONTINGENCIES Bunge is party to a large number of claims and lawsuits, primarily tax and labor claims in Brazil and tax claims in Argentina, arising in the normal course of business. The ability to predict the ultimate outcome of such matters involves judgments, estimates and inherent uncertainties. Bunge records liabilities related to its general claims and lawsuits when the exposure item becomes probable and can be reasonably estimated. Bunge management does not expect these matters to have a material adverse effect on Bunge's financial condition, results of operations or liquidity. However, these matters are subject to inherent uncertainties and there exists the remote possibility of an adverse impact on Bunge's position in the period the uncertainties are resolved whereby the settlement of the identified contingencies could exceed the amount of provisions included in the consolidated balance sheets. Included in other non-current liabilities at December 31, 2015 and 2014 are the following amounts related to these matters: (US$ in millions) December 31, 2015 December 31, 2014 Tax claims $ $ Labor claims Civil and other claims ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax claims (non-income tax) —These tax claims relate principally to claims against Bunge's Brazilian subsidiaries, primarily value added tax claims (ICMS, IPI, PIS and COFINS). The determination of the manner in which various Brazilian federal, state and municipal taxes apply to the operations of Bunge is subject to varying interpretations arising from the complex nature of Brazilian tax law. In addition to the matter discussed below, Bunge monitors other potential claims in Brazil regarding these value-added taxes. In particular, Bunge monitors the Brazilian federal and state governments' responses to recent Brazilian Supreme Court decisions invalidating on constitutional grounds certain ICMS incentives and benefits granted by various states. While Bunge was not a recipient of any of the incentives and benefits that were the subject of these Supreme Court decisions, it has received other similar tax incentives and benefits. Bunge has not received any tax assessment from the states that granted these incentives or benefits related to their validity and, based on the Company's evaluation of this matter as required by U.S. GAAP, no liability has been recorded in the consolidated financial statements. On February 13, 2015, Brazil's Supreme Federal Court ruled in a leading case that certain state ICMS tax credits for staple foods (including soy oil, margarine, mayonnaise and wheat flours) are unconstitutional. Bunge, like other companies in the Brazilian food industry, is involved in several administrative and judicial disputes with Brazilian states regarding these tax credits. While the leading case does not involve Bunge and each case is unique in facts and circumstances and applicable state law, the ruling has general precedent authority on lower court cases. Based on management's review of the ruling (without considering the future success of any potential clarification or modulation of the ruling) and its general application to Bunge's pending cases, management recorded a liability of 468 million Brazilian reais (approximately $120 million and $177 million as of December 31, 2015 and 2014, respectively), plus applicable interest. Management intends to continue to vigorously defend against its pending state cases. During the year, Bunge's Brazilian subsidiaries received in excess of 150 ICMS assessments which ranged from less than 10 Brazilian reais to 70 million Brazilian reais (approximately $18 million). In May 2014, the Brazilian tax authorities concluded an examination of the ICMS tax returns of one of Bunge's sugar milling subsidiaries for the years 2010 through 2011 and proposed adjustments totaling approximately 45 million Brazilian reais (approximately $12 million as of December 31, 2015), plus applicable interest and penalties on the outstanding amount. Management, in consultation with external legal advisors, has determined that no reserves are required. As of December 31, 2015 the Brazilian authorities have concluded examinations of the PIS COFINS tax returns and issued assessments relating to years 2004 through 2010. As of December 31, 2015, the cumulative claims for 2004 through 2010 were approximately 500 million Brazilian reais (approximately $128 million), plus applicable interest and penalties on the outstanding amount. As of December 31, 2014, the claims for 2004-2007, 2008 and 2009 were approximately 430 million Brazilian reais (approximately $110 million as of December 31, 2015), plus applicable interest and penalties on the outstanding amount. Management, in consultation with external legal advisors, has established appropriate reserves for potential exposures. Since 2010, the Argentine tax authorities have been conducting a review of income and other taxes paid by exporters and processors of cereals and other agricultural commodities in the country. In that regard, the Company has been subject to a number of assessments, proceedings and claims related to its activities. In 2011, Bunge's subsidiary in Argentina paid $112 million of accrued export tax obligations under protest and preserved its rights with respect to such payment. In 2012, the Argentine tax authorities further assessed interest on these payments, which as of December 31, 2015, totaled approximately $205 million. In 2012, the Argentine government suspended Bunge's Argentine subsidiary from a registry of grain traders. While the suspension has not had a material adverse effect on Bunge's business in Argentina, these actions have resulted in additional administrative requirements and increased logistical costs on domestic grain shipments within Argentina. Bunge is challenging these actions in the Argentine courts. Labor claims —The labor claims are principally claims against Bunge's Brazilian subsidiaries. The labor claims primarily relate to dismissals, severance, health and safety, salary adjustments and supplementary retirement benefits. Civil and other —The civil and other claims relate to various disputes with third parties, including suppliers and customers. During the first quarter of 2016, Bunge received a notice from the Brazilian Administrative Council for Economic Defense initiating an administrative proceeding against its Brazilian subsidiary and two of its employees, certain of its former employees, several other companies in the Brazilian wheat milling industry and others for alleged anticompetitive activities in the north and northeast of Brazil. Bunge intends to defend against this action; however, the proceedings are at an early stage and Bunge cannot, at this time, reasonably predict the ultimate outcome of the proceedings or sanctions, if any, which may be imposed. Guarantees —Bunge has issued or was a party to the following guarantees at December 31, 2015: (US$ in millions) Maximum Potential Future Payments Unconsolidated affiliates financing (1) $ Residual value guarantee (2) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Bunge issued guarantees to certain financial institutions related to debt of certain of its unconsolidated joint ventures. The terms of the guarantees are equal to the terms of the related financings which have maturity dates in 2016 through 2022. There are no recourse provisions or collateral that would enable Bunge to recover any amounts paid under these guarantees. At December 31, 2015, Bunge had no outstanding recorded obligation related to these guarantees. (2) Bunge issued guarantees to certain financial institutions which are party to certain operating lease arrangements for railcars and barges. These guarantees provide for a minimum residual value to be received by the lessor at conclusion of the lease term. These leases expire at various dates from 2016 through 2020. At December 31, 2015, Bunge's recorded obligation related to these guarantees was $5 million. In addition, Bunge Limited has provided full and unconditional parent level guarantees of the outstanding indebtedness under certain credit facilities entered into and senior notes issued by, its subsidiaries. At December 31, 2015, Bunge's consolidated balance sheet includes debt with a carrying amount of $4,081 million related to these guarantees. This debt includes the senior notes issued by two of Bunge's 100% owned finance subsidiaries, Bunge Limited Finance Corp. and Bunge N.A. Finance L.P. There are no significant restrictions on the ability of Bunge Limited Finance Corp., Bunge N.A. Finance L.P. or any other Bunge subsidiary to transfer funds to Bunge Limited. Freight Supply Agreements —In the ordinary course of business, Bunge enters into time charter agreements for the use of ocean freight vessels and freight service on railroad lines for the purpose of transporting agricultural commodities. In addition, Bunge sells the right to use these ocean freight vessels when excess freight capacity is available. These agreements generally range from two months to approximately seven years, in the case of ocean freight vessels, depending on market conditions, and 5 to 17 years in the case of railroad services. Future minimum payment obligations due under these agreements are as follows: (US$ in millions) Ocean Freight Vessels Railroad Services Future Minimum Payment Obligations 2016 $ $ $ 2017 and 2018 2019 and 2020 2021 and thereafter ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actual amounts paid under these contracts may differ due to the variable components of these agreements and the amount of income earned on the sales of excess capacity. The agreements for the freight service on railroad lines require a minimum monthly payment regardless of the actual level of freight services used by Bunge. The costs of Bunge's freight supply agreements are typically passed through to the customers as a component of the prices charged for its products. Also in the ordinary course of business, Bunge enters into relet agreements related to ocean freight vessels. Such relet agreements are similar to sub-leases. Bunge received approximately $39 million during the year ended December 31, 2015 and expects to receive payments of approximately $6 million in 2016 and $3 million in 2017 under such relet agreements. Commitments —At December 31, 2015, Bunge had approximately $5 million of purchase commitments related to its inventories, $81 million of power supply contracts and $177 million of contractual commitments related to construction in progress.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2015
EQUITY
EQUITY	22. EQUITY Share Repurchase Program —In May 2015, Bunge established a new program for the repurchase of up to $500 million of Bunge's issued and outstanding common shares. The program has no expiration date. Bunge repurchased 1,411,210 common shares for $100 million under this program during the third quarter ended September 30, 2015. Bunge completed the previous program of $975 million during the first quarter of 2015 with the repurchase of 2,460,600 common shares for $200 million. Cumulative Convertible Perpetual Preference Shares —Bunge has 6,900,000, 4.875% cumulative convertible perpetual preference shares (convertible preference shares), par value $0.01 outstanding at December 31, 2015. Each convertible preference share has an initial liquidation preference of $100 per share plus accumulated unpaid dividends up to a maximum of an additional $25 per share. As a result of adjustments made to the initial conversion price because cash dividends paid on Bunge Limited's common shares exceeded certain specified thresholds, each convertible preference share is convertible at any time at the holder's option into approximately 1.1331 common shares based on a conversion price of $88.2501 per convertible preference share, subject in each case to certain specified anti-dilution adjustments (which represents 7,818,390 Bunge Limited common shares at December 31, 2015). At any time on or after December 1, 2011, if the closing market price of Bunge's common shares equals or exceeds 130% of the conversion price of the convertible preference shares, for 20 trading days within any period of 30 consecutive trading days (including the last trading day of such period), Bunge may elect to cause all outstanding convertible preference shares to be automatically converted into the number of common shares that are issuable at the conversion price. The convertible preference shares are not redeemable by Bunge at any time. The convertible preference shares accrue dividends at an annual rate of 4.875%. Dividends are cumulative from the date of issuance and are payable, quarterly in arrears, on each March 1, June 1, September 1 and December 1, commencing on March 1, 2007, when, as and if declared by Bunge's Board of Directors. The dividends may be paid in cash, common shares or a combination thereof. Accumulated but unpaid dividends on the convertible preference shares will not bear interest. In each of the years ended December 31, 2015, 2014 and 2013, Bunge recorded $34 million of dividends on its convertible preference shares. Accumulated Other Comprehensive Income (Loss) Attributable to Bunge —The following table summarizes the balances of related after-tax components of accumulated other comprehensive income (loss) attributable to Bunge: (US$ in millions) Foreign Exchange Translation Adjustment (1) Deferred Gains (Losses) on Hedging Activities Pension and Other Postretirement Liability Adjustments Unrealized Gains (Losses) on Investments Accumulated Other Comprehensive Income (Loss) Balance January 1, 2013 $ ) $ $ ) $ $ ) Other comprehensive income (loss) before reclassifications ) — ) Amount reclassified from accumulated other comprehensive income ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net-current period other comprehensive income (loss) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2013 ) $ ) ) ) Other comprehensive income (loss) before reclassifications ) ) ) ) Amount reclassified from accumulated other comprehensive income (loss) — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net-current period other comprehensive income (loss) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2014 ) $ ) ) ) Other comprehensive income (loss) before reclassifications ) — ) Amount reclassified from accumulated other comprehensive income (loss) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net-current period other comprehensive income (loss) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2015 $ ) $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Bunge has significant operating subsidiaries in Brazil, Argentina, North America, Europe and Asia-Pacific. The functional currency of Bunge's subsidiaries is the local currency. The assets and liabilities of these subsidiaries are translated into U.S. dollars from local currency at month-end exchange rates, and the resulting foreign exchange translation gains (losses) are recorded in the consolidated balance sheets as a component of accumulated other comprehensive income (loss).

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
	Dec. 31, 2015
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE	23. EARNINGS PER COMMON SHARE Basic earnings per share is computed by dividing net income available to Bunge common shareholders by the weighted-average number of common shares outstanding, excluding any dilutive effects of stock options, restricted stock unit awards, convertible preference shares and convertible notes during the reporting period. Diluted earnings per share is computed similar to basic earnings per share, except that the weighted-average number of common shares outstanding is increased to include additional shares from the assumed exercise of stock options, restricted stock unit awards and convertible securities and notes, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options, except those which are not dilutive, were exercised and that the proceeds from such exercises were used to acquire common shares at the average market price during the reporting period. In addition, Bunge accounts for the effects of convertible securities and convertible notes, using the if-converted method. Under this method, the convertible securities and convertible notes are assumed to be converted and the related dividend or interest expense, net of tax, is added back to earnings, if dilutive. The following table sets forth the computation of basic and diluted earnings per common share: Year Ended December 31, (US$ in millions, except for share data) 2015 2014 2013 Income from continuing operations $ $ $ Net (income) loss attributable to noncontrolling interests ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) from continuing operations attributable to Bunge ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other redeemable obligations (1) ) ) ) Convertible preference share dividends ) ) ) Income (loss) from discontinued operations, net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) available to Bunge common shareholders $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average number of common shares outstanding: Basic Effect of dilutive shares: —stock options and awards (2) —convertible preference shares (3) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: Net income (loss) from continuing operations $ $ $ Net income (loss) from discontinued operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders—basic $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share: Net income (loss) from continuing operations $ $ $ Net income (loss) from discontinued operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders—diluted $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Accretion of redeemable noncontrolling interest of $19 million, $14 million and $42 million for the years ended December 31, 2015, 2014 and 2013, respectively, relates to a non-fair value variable put arrangement whereby the noncontrolling interest holder may require Bunge to purchase the remaining shares of an oilseed processing operation in Central and Eastern Europe. Accretion for the respective periods includes the effect of losses incurred by the operations for the years ended December 31, 2015, 2014 and 2013, respectively. (2) The weighted-average common shares outstanding-diluted excludes approximately 3 million, 2 million and 3 million stock options and contingently issuable restricted stock units, which were not dilutive and not included in the computation of earnings per share for the years ended December 31, 2015, 2014 and 2013, respectively. (3) Weighted-average common share outstanding-diluted for the years ended December 31, 2014 and 2013 excludes approximately 8 million weighted-average common shares that are issuable upon conversion of the convertible preference shares that were not dilutive and not included in the weighted-average number of common shares outstanding.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2015
SHARE-BASED COMPENSATION
SHARE-BASED COMPENSATION	24. SHARE-BASED COMPENSATION For the years ended December 31, 2015, 2014 and 2013, Bunge recognized approximately $46 million, $49 million and $53 million, respectively, of total compensation expense for awards classified as equity awards related to its stock option and restricted stock unit awards in additional paid-in capital. Bunge grants equity awards under the 2009 Equity Incentive Plan (the "2009 EIP"), a shareholder approved plan. Under the 2009 EIP, the Compensation Committee of Bunge's Board of Directors may grant equity based awards to officers, employees, consultants and independent contractors in the form of stock options, restricted stock units (performance based or time-vested) or other equity based awards. The 2009 EIP replaced the Bunge Limited Equity Incentive Plan, under which no further awards may be granted. Share requirements may be met from unissued, treasury and/or shares purchased on the open market or through private purchase. (i) Stock Option Awards —Options to purchase Bunge Limited common shares are granted with an exercise price equal to the grant date fair market value of Bunge common stock, vest over service periods that generally range from one to three years, and expire 10 years from the date of grant. Vesting may be accelerated in certain circumstances as provided in the Equity Incentive Plan and the 2009 EIP. Compensation expense is recognized for option grants beginning in 2006 on a straight-line basis and for options granted prior to 2006, compensation expense is recognized on an accelerated basis over the vesting period of each grant. (ii) Restricted Stock Units —Restricted stock units ("RSUs") give recipients the right to receive shares of Bunge common stock upon the lapse of related restrictions determined by the Compensation Committee. Restrictions on RSUs may be based on continued service by the recipient through the designated term and/or based on the achievement of certain performance targets. These targets may be financial or market-based, and the number of units actually earned varies based on the level of achievement of predefined goals. RSUs vest in various increments and at various dates, generally over periods ranging from one to five years. Vesting may be accelerated under certain circumstances as defined in the 2009 EIP or associate Award Agreements. RSUs are generally settled in shares of Bunge common stock upon satisfaction of the applicable vesting terms. Where share settlement may be prohibited under local law, RSUs are settled in cash. At the time of settlement, a participant holding a vested restricted stock unit will also be entitled to receive corresponding dividend equivalent share payments. Bunge has also established the Bunge Limited 2007 Non-Employee Directors' Equity Incentive Plan (the "2007 Directors' Plan"), a shareholder approved plan. Under the 2007 Directors' Plan, the compensation committee may grant equity based awards to non-employee directors of Bunge Limited. Awards may consist of restricted stock, restricted stock units, deferred restricted stock units and non-statutory stock options. The 2007 Directors' Plan replaced the Non-Employee Directors Equity Incentive Plan, under which no further awards may be granted. (i) Stock Option Awards —Options to purchase Bunge Limited common shares are granted with an exercise price equal to the grant date fair market value of Bunge Limited common stock. Options expire ten years after the date of grant and generally vest and are generally exercisable on the third anniversary of the grant date. Vesting may be accelerated in certain circumstances as provided in the 2007 Directors' Plan. (ii) Restricted Stock Units —Restricted stock units granted to non-employee directors generally vest on the first anniversary of the grant date, provided the director continues to serve on the Board until such date, and are settled in Bunge Limited common stock. RSUs granted as part of our Chairman's supplemental annual retainer vest on December 31 of the year of grant. At the time of payment, a participant holding a restricted stock unit or deferred restricted stock unit is also entitled to receive corresponding dividend equivalent share payments. The fair value of each stock option granted under any of Bunge's equity incentive plans is estimated on the grant date using the Black-Scholes-Merton option-pricing model with the assumptions noted in the following table. The expected volatility of Bunge's common shares is based on historical volatility calculated using the daily closing price of Bunge's shares up to the grant date. Bunge uses historical employee exercise behavior for valuation purposes. The expected option term of granted options represents the period of time that the granted options are expected to be outstanding based on historical experience and giving consideration for the contractual terms, vesting periods and expectations of future employee behavior. The risk-free interest rate is based on U.S. Treasury zero-coupon bonds with a term equal to the expected option term of the respective grants and grant dates. December 31, Assumptions: 2015 2014 2013 Expected option term (in years) Expected dividend yield % % % Expected volatility % % % Risk-free interest rate % % % A summary of option activity under the plans for the year ended December 31, 2015 is presented below (Aggregate intrinsic value s in U.S. dollar millions): Options Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at January 1, 2015 $ Granted Exercised ) Forfeited or expired ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at December 31, 2015 $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2015 $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The weighted-average grant date fair value of options granted during the years ended December 31, 2015, 2014 and 2013 was $19.36, $28.25 and $26.95, respectively. The total intrinsic value of options exercised during the years ended December 31, 2015, 2014 and 2013 was approximately $11 million, $34 million and $29 million, respectively. The excess tax benefit classified as a financing cash flow was not significant for any of the periods presented. At December 31, 2015, $17 million of total unrecognized compensation cost related to non-vested stock options granted under the Equity Incentive Plan is expected to be recognized over the next two years. A summary of activity under Bunge's restricted stock unit plans for the year ended December 31, 2015 is presented below. Restricted Stock Units Shares Weighted-Average Grant-Date Fair Value Restricted stock units at January 1, 2015 (1) $ Granted Vested/issued (2) ) Forfeited/cancelled (2) ) ​ ​ ​ ​ ​ ​ ​ ​ Restricted stock units at December 31, 2015 (1) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Excludes accrued unvested dividends, which are payable in shares upon vesting of Bunge's common shares. (2) During the year ended December 31, 2015, Bunge issued 499,961 common shares, net of common shares withheld to cover taxes, including related common shares representing accrued dividends, with a weighted-average fair value of $81.83 per share. During the year ended December 31, 2015, Bunge canceled approximately 205,351 shares related to performance-based restricted stock unit awards that did not vest due to non-achievement of performance targets and performance-based restricted stock unit awards that were withheld to cover payment of employee related taxes. The fair value of RSU and performance based awards is determined based on the market value of the Company's shares on the grant date. The weighted-average grant date fair value of restricted stock units granted during the years ended December 31, 2015, 2014 and 2013 was $81.97, $79.26 and $74.40, respectively. At December 31, 2015, there was approximately $41 million of total unrecognized compensation cost related to restricted stock units share-based compensation arrangements under the 2009 EIP, the Equity Incentive Plan and the 2007 Non-Employee Directors' Plan, which is expected to be recognized over the next two years. The total fair value of restricted stock units vested during the year ended December 31, 2015 was approximately $20 million. Common Shares Reserved for Share-Based Awards —The 2007 Directors' Plan and the 2009 EIP provide that 600,000 and 10,000,000 common shares, respectively, are to be reserved for grants of stock options, stock awards and other awards under the plans. At December 31, 2015, 235,321 and 2,385,479 common shares were available for future grants under the 2007 Directors' Plan and the 2009 EIP, respectively.

LEASE COMMITMENTS

LEASE COMMITMENTS	12 Months Ended
	Dec. 31, 2015
LEASE COMMITMENTS
LEASE COMMITMENTS	25. LEASE COMMITMENTS Bunge routinely leases storage facilities, transportation equipment and office facilities under operating leases. Future minimum lease payments by year and in the aggregate under non-cancelable operating leases with initial or remaining terms of one year or more at December 31, 2015 are as follows: (US$ in millions) Minimum Lease Payments 2016 $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net rent expense under non-cancelable operating leases is as follows: Year Ended December 31, (US$ in millions) 2015 2014 2013 Rent expense $ $ $ Sublease income ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net rent expense $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In addition, Bunge enters into agricultural partnership agreements for the production of sugarcane. These agreements have an average remaining life of four years and cover approximately 211,000 hectares of land under cultivation. Amounts owed under these agreements are dependent on several variables including the quantity of sugarcane produced per hectare, the total recoverable sugar ("ATR") per ton of sugarcane produced and the price for each kilogram of ATR as determined by Consecana, the São Paulo state sugarcane, sugar and ethanol council. During the years ended December 31, 2015, 2014 and 2013, Bunge made payments related to these agreements of $125 million, $162 million and $169 million, respectively. Of these amounts $75 million, $95 million and $107 million, respectively, were payments for advances on future production and $50 million, $67 million and $62 million, respectively, were included in cost of goods sold in the consolidated statements of income for the years ended December 31, 2015, 2014 and 2013, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2015
SEGMENT INFORMATION
SEGMENT INFORMATION	26. SEGMENT INFORMATION Bunge has five reportable segments—Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer—which are organized based upon similar economic characteristics and are similar in nature of products and services offered, the nature of production processes, the type and class of customer and distribution methods. The Agribusiness segment is characterized by both inputs and outputs being agricultural commodities and thus high volume and low margin. The Edible Oil Products segment involves the processing, production and marketing of products derived from vegetable oils. The Milling Products segment involves the processing, production and marketing of products derived primarily from wheat and corn. The Sugar and Bioenergy segment involves sugarcane growing and milling in Brazil, sugar merchandising in various countries, as well as sugarcane-based ethanol production and corn-based ethanol investments and related activities. Following the classification of the Brazilian fertilizer distribution and North American fertilizer businesses as discontinued operations, the activities of the Fertilizer segment include its port operations in Brazil and Argentina and its blending and retail operations in Argentina. The "Discontinued Operations & Unallocated" column in the following table contains the reconciliation between the totals for reportable segments and Bunge consolidated totals, which consist primarily of amounts attributable to discontinued operations, corporate items not allocated to the operating segments and inter-segment eliminations. Transfers between the segments are generally valued at market. The revenues generated from these transfers are shown in the following table as "Inter-segment revenues" segments. (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Discontinued Operations & Unallocated Total 2015 Net sales to external customers $ $ $ $ $ $ — $ Inter-segment revenues — ) — Gross profit — Foreign exchange gains (losses) — ) ) — ) Noncontrolling interests (1) ) ) — — ) Other income (expense)—net ) ) ) ) — ) Segment EBIT (3) ) — Discontinued operations (2) — — — — — Depreciation, depletion and amortization ) ) ) ) ) — ) Investments in affiliates — — — — Total assets Capital expenditures 2014 Net sales to external customers $ $ $ $ $ $ — $ Inter-segment revenues — — ) — Gross profit ) — Foreign exchange gains (losses) ) ) — Noncontrolling interests (1) ) ) — ) ) ) Other income (expense)—net ) ) — Segment EBIT ) — Discontinued operations (2) — — — — — Depreciation, depletion and amortization ) ) ) ) ) — ) Investments in affiliates — — — — Total assets Capital expenditures 2013 Net sales to external customers $ $ $ $ $ $ — $ Inter-segment revenues ) — Gross profit — Foreign exchange gains (losses) ) — Noncontrolling interests (1) ) — ) Other income (expense)—net ) — — Segment EBIT ) — Discontinued operations (2) — — — — — Depreciation, depletion and amortization ) ) ) ) ) — ) Investments in affiliates — — — — Total assets Capital expenditures (1) Includes the noncontrolling interests' share of interest and tax to reconcile to consolidated noncontrolling interests. (2) Represents net income (loss) from discontinued operations. (3) In addition, Bunge recorded pre-tax impairment charges of $57 million, of which $15 million, $14 million and $13 million are included in cost of goods sold, selling, general and administrative expenses and goodwill impairment, respectively primarily related to the announced closure of an oil packaging plant in the United States, the impairment of an e quity method investment in a freight shipping company in Europe, a pre-tax goodwill impairment charge related to the tomato products business in Brazil. Of these pre-tax impairment charges, $14 million was allocated to the Agribusiness segment and $28 million w as allocated to the Edible Oil segment. Total segment earnings before interest and taxes ("EBIT") is an operating performance measure used by Bunge's management to evaluate segment operating activities. Bunge's management believes total segment EBIT is a useful measure of operating profitability, since the measure allows for an evaluation of the performance of its segments without regard to its financing methods or capital structure. In addition, EBIT is a financial measure that is widely used by analysts and investors in Bunge's industries. A reconciliation of total segment EBIT to net income attributable to Bunge follows: Year Ended December 31, (US$ in millions) 2015 2014 2013 Total segment EBIT from continuing operations $ $ $ Interest income Interest expense ) ) ) Income tax (expense) benefit ) ) ) Income (loss) from discontinued operations, net of tax Noncontrolling interests' share of interest and tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income attributable to Bunge $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales by product group to external customers were as follows: Year Ended December 31, (US$ in millions) 2015 2014 2013 Agricultural Commodity Products $ $ $ Edible Oil Products Wheat Milling Products Corn Milling Products Sugar and Bioenergy Products Fertilizer Products ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Geographic area information for net sales to external customers, determined based on the location of the subsidiary making the sale, and long-lived assets follows: Year Ended December 31, (US$ in millions) 2015 2014 2013 Net sales to external customers: Europe $ $ $ United States Brazil Asia-Pacific Argentina Canada Rest of world ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (US$ in millions) 2015 2014 2013 Long-lived assets (1) : Europe $ $ $ United States Brazil Asia-Pacific Argentina Canada Rest of world ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Long-lived assets include property, plant and equipment, net, goodwill and other intangible assets, net, investments in affiliates and non-current assets held for sale.

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2015
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	27. QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Quarter (US$ in millions, except per share data) First Second Third Fourth Year End 2015 Net sales $ $ $ $ $ Gross profit Income (loss) from discontinued operations, net of tax ) Net income (loss) Net income (loss) attributable to Bunge Earnings per common share—basic (1) Net income (loss) $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from continuing operations $ $ $ $ $ Net income (loss) from discontinued operations ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share—diluted (1) Net income (loss) $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from continuing operations $ $ $ $ $ Net income (loss) from discontinued operations — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average number of shares: Weighted-average number of shares outstanding—basic Weighted-average number of shares outstanding—diluted Market price: High $ $ $ $ Low $ $ $ $ 2014 Net sales $ $ $ $ $ Gross profit Income (loss) from discontinued operations, net of tax ) ) Net income (loss) ) ) Net income (loss) attributable to Bunge ) ) Earnings per common share—basic (1) Net income (loss) $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from continuing operations $ ) $ $ $ ) $ Net income (loss) from discontinued operations ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share—diluted (1) Net income (loss) $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from continuing operations $ ) $ $ $ ) $ Net income (loss) from discontinued operations ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average number of shares: Weighted-average number of shares outstanding—basic Weighted-average number of shares outstanding—diluted Market price: High $ $ $ $ Low $ $ $ $ (1) Earnings per share to Bunge common shareholders for both basic and diluted is computed independently for each period presented. As a result, the sum of the quarterly earnings per share for the years ended December 31, 2015 and 2014 does not equal the total computed for the year.

SCHEDULE II-VALUATION AND QUALI

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2015
Schedule II-Valuation and Qualifying Accounts
Schedule II-Valuation and Qualifying Accounts	Schedule II—Valuation and Qualifying Accounts (US$ in millions) Description Balance at beginning of period Charged to costs and expenses Charged to other accounts (b) Deductions from reserves Balance at end of period FOR THE YEAR ENDED DECEMBER 31, 2013 Allowances for doubtful accounts (a) $ ) (c) $ Allowances for secured advances to suppliers $ ) ) $ Allowances for recoverable taxes $ ) ) $ Income tax valuation allowances $ (d) — $ FOR THE YEAR ENDED DECEMBER 31, 2014 Allowances for doubtful accounts (a) $ ) (c) $ Allowances for secured advances to suppliers $ ) ) $ Allowances for recoverable taxes $ ) ) $ Income tax valuation allowances $ (d) — $ FOR THE YEAR ENDED DECEMBER 31, 2015 Allowances for doubtful accounts (a) $ ) (c) $ Allowances for secured advances to suppliers $ ) ) $ Allowances for recoverable taxes $ ) ) $ Income tax valuation allowances $ (d) — $ (a) This includes an allowance for doubtful accounts for current and non-current trade accounts receivables. (b) This consists primarily of foreign exchange translation adjustments. (c) Such amounts include write-offs of uncollectible accounts and recoveries. (d) Includes primarily cumulative translation adjustments.

NATURE OF BUSINESS, BASIS OF 38

NATURE OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
NATURE OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation and Principles of Consolidation	Basis of Presentation —The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Principles of Consolidation —The accompanying consolidated financial statements include the accounts of Bunge, its subsidiaries and 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 exercises control. Equity investments in which Bunge has the ability to exercise significant influence but does not control are accounted for by the equity method of accounting. Investments in which Bunge does not exercise significant influence are accounted for by the cost method of accounting. Intercompany accounts and transactions are eliminated. Bunge consolidates VIEs in which it is considered the primary beneficiary and reconsiders such conclusion at each reporting period. An enterprise is determined to be the primary beneficiary if it has a controlling financial interest under GAAP, defined as (a) the power to direct the activities of a VIE that most significantly impact the VIE's business and (b) the obligation to absorb losses of or the right to receive benefits from the VIE that could potentially be significant to the VIE's operations. Performance of that analysis requires the exercise of judgment. Where Bunge has an interest in an entity that has qualified for the deferral of the consolidation rules, it follows consolidation rules prior to January 1, 2010. These rules require an analysis to (a) determine whether an entity in which Bunge has a variable interest is a VIE and (b) whether Bunge's involvement, through the holding of equity interests directly or indirectly in the entity or contractually through other variable interests, would be expected to absorb a majority of the variability of the entity. Noncontrolling interests in subsidiaries related to Bunge's ownership interests of less than 100% are reported as noncontrolling interests in the consolidated balance sheets. The noncontrolling ownership interests in Bunge's earnings, net of tax, is reported as net (income) loss attributable to noncontrolling interests in the consolidated statements of income.
Discontinued Operations	Discontinued Operations —In determining whether a group of assets disposed (or to be disposed) of should be presented as discontinued operations, Bunge makes a determination of whether the group of assets being disposed of comprises a component of the entity; or a group of components of the entity, that represents a strategic shift that has, or will have, a major effect on the reporting entity's operations and financial results be reported in the financial statements as discontinued operations. If these determinations are made affirmatively, the results of operations of the group of assets being disposed of (as well as any gain or loss on the disposal transaction) are aggregated for separate presentation apart from the continuing operations of the Company for all periods presented in the consolidated financial statements (see Note 3).
Reclassifications	Reclassifications —Certain prior year amounts have been reclassified to conform to current year presentation.
Use of Estimates	Use of Estimates —The preparation of consolidated financial statements requires the application of accounting policies that often involve substantial judgment or estimation in their application. These judgments and estimations may significantly affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. They may also affect reported amounts of revenues and expenses. The policies Bunge considers to be most dependent on the application of estimates and assumptions include allowances for doubtful accounts, valuation allowances for recoverable taxes and deferred tax assets, impairment of long-lived assets and unconsolidated affiliates, restructuring charges, useful lives of property, plant and equipment and intangible assets, contingent liabilities, liabilities for unrecognized tax benefits and pension plan obligations. In addition, significant management estimates and assumptions are required in allocating the purchase price paid in business acquisitions to the assets and liabilities acquired (see Note 2) and the determination of fair values of Level 3 assets and liabilities (see Note 15).
Foreign currency translations and transactions policy	Translation of Foreign Currency Financial Statements —Bunge's reporting currency is the U.S. dollar. The functional currency of the majority of Bunge's foreign subsidiaries is their local currency and, as such, amounts included in the consolidated statements of income, comprehensive income (loss), cash flows and changes in equity are translated using average exchange rates during each period. Assets and liabilities are translated at period-end exchange rates and resulting foreign exchange translation adjustments are recorded in the consolidated balance sheets as a component of accumulated other comprehensive income (loss). Foreign Currency Transactions —Monetary assets and liabilities denominated in currencies other than the functional currency are remeasured into their respective functional currencies at exchange rates in effect at the balance sheet date. The resulting exchange gain or loss is included in Bunge's consolidated statements of income as foreign exchange gain (loss) unless the remeasurement gain or loss relates to an intercompany transaction that is of a long-term investment nature and for which settlement is not planned or anticipated in the foreseeable future. Gains or losses arising from translation of such transactions are reported as a component of accumulated other comprehensive income (loss) in Bunge's consolidated balance sheets.
Cash and Cash Equivalents	Cash and Cash Equivalents —Cash and cash equivalents include time deposits and readily marketable securities with original maturity dates of three months or less at the time of acquisition.
Trade Accounts Receivable and Secured Advances to Suppliers	Trade Accounts Receivable and Secured Advances to Suppliers —Trade accounts receivable and secured advances to suppliers are stated at their historical carrying amounts net of write-offs and allowances for uncollectible accounts. Bunge establishes an allowance for uncollectible trade accounts receivable and secured advances to farmers based on historical experience, farming economics and other market conditions as well as specific customer collection issues. Uncollectible accounts are written off when a settlement is reached for an amount below the outstanding historical balance or when Bunge has determined that collection is unlikely. Secured advances to suppliers bear interest at contractual rates which reflect current market interest rates at the time of the transaction. There are no deferred fees or costs associated with these receivables. As a result, there are no imputed interest amounts to be amortized under the interest method. Interest income is calculated based on the terms of the individual agreements and is recognized on an accrual basis. Bunge follows accounting guidance on the disclosure of the credit quality of financing receivables and the allowance for credit losses which requires information to be disclosed at disaggregated levels, defined as portfolio segments and classes. Under this guidance, a class of receivables is considered impaired, based on current information and events, if Bunge determines it probable that all amounts due under the original terms of the receivable will not be collected. Recognition of interest income is suspended once the farmer defaults on the originally scheduled delivery of agricultural commodities as the collection of future income is determined not to be probable. No additional interest income is accrued from the point of default until ultimate recovery, at which time amounts collected are credited first against the receivable and then to any unrecognized interest income.
Inventories	Inventories —Readily marketable inventories ("RMI") are agricultural commodity inventories that are readily convertible to cash because of their commodity characteristics, widely available markets and international pricing mechanisms. All of Bunge's RMI are valued at fair value. These agricultural commodity inventories have quoted market prices in active markets, may be sold without significant further processing and have predictable and insignificant disposal costs. Changes in the fair values of merchandisable agricultural commodities inventories are recognized in earnings as a component of cost of goods sold. Inventories other than RMI are stated at the lower of cost or market by inventory product class. Cost is determined using primarily the weighted-average cost method.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities —Bunge enters into derivative instruments to manage its exposure to movements associated with agricultural commodity prices, transportation costs, foreign currency exchange rates, interest rates and energy costs. Bunge's use of these instruments is generally intended to mitigate the exposure to market variables (see Note 15). Generally, derivative instruments are recorded at fair value in other current assets or other current liabilities in Bunge's consolidated balance sheets. Bunge assesses, both at the inception of a hedge and on an ongoing basis, whether any derivatives designated as hedges are highly effective in offsetting changes in the hedged items. The effective and ineffective portions of changes in fair values of derivative instruments designated as fair value hedges, along with the gains or losses on the related hedged items are recorded in earnings in the consolidated statements of income in the same caption as the hedged items. The effective portion of changes in fair values of derivative instruments that are designated as cash flow hedges are recorded in accumulated other comprehensive income (loss) and are reclassified to earnings when the hedged cash flows are realized or when the hedge is no longer considered to be effective. The ineffective portion of cash flow hedges is recorded in earnings. In addition, Bunge may designate certain derivative instruments as net investment hedges to hedge the exposure associated with its equity investments in foreign operations. The effective portions of changes in the fair values of net investment hedges, which are evaluated based on forward rates, are recorded as a component of accumulated other comprehensive income (loss) in the consolidated balance sheets and the ineffective portions of such derivative instruments are recorded in foreign exchange gains (losses) in the consolidated statements of income.
Marketable Securities and other short-term investments	Marketable Securities and other short-term investments —Bunge classifies its marketable securities and short-term investments as held-to-maturity and trading. Held-to-maturity securities and investments represent financial assets in which Bunge has the intent and ability to hold to maturity. Trading securities are bought and held principally for the purpose of selling them in the near term and therefore held for only a short period of time. Bunge values its marketable securities at fair value and monitors its held-to-maturity investments for impairment periodically, and recognizes an impairment charge when the decline in fair value of an investment is judged to be other than temporary.
Recoverable Taxes	Recoverable Taxes —Recoverable taxes include value-added taxes paid upon the acquisition of raw materials and taxable services and other transactional taxes which can be recovered in cash or as compensation against income taxes or other taxes owed by Bunge, primarily in Brazil. These recoverable tax payments are included in other current assets or other non-current assets based on their expected realization. In cases where Bunge determines that recovery is doubtful, recoverable taxes are reduced by allowances for the estimated unrecoverable amounts.
Property, Plant and Equipment, Net	Property, Plant and Equipment, Net —Property, plant and equipment, net is stated at cost less accumulated depreciation and depletion. Major improvements that extend the life, capacity or efficiency or improve the safety of an asset are capitalized, while maintenance and repairs are expensed as incurred. Costs related to legal obligations associated with the future retirement of capitalized assets are capitalized as part of the cost of the related asset. Bunge generally capitalizes eligible costs to acquire or develop internal-use software that are incurred during the application development stage. Interest costs on borrowings during construction/completion periods of major capital projects are also capitalized. Included in property, plant and equipment are biological assets, primarily sugarcane, that are stated at cost less accumulated depletion. Depletion is calculated using the estimated units of production based on the remaining useful life of the growing sugarcane. Depreciation is computed based on the straight line method over the estimated useful lives of the assets. Useful lives for property, plant and equipment are as follows: Years Biological assets 5 - 6 Buildings 10 - 50 Machinery and equipment 7 - 25 Furniture, fixtures and other 3 - 20 Computer software 3 - 10
Goodwill	Goodwill —Goodwill represents the cost in excess of the fair value of net assets acquired in a business acquisition. Goodwill is not amortized but is tested annually for impairment or between annual tests if events or circumstances indicate potential impairment. Bunge's annual impairment testing is generally performed during the fourth quarter of its fiscal year. Goodwill is tested for impairment at the reporting unit level, which has been determined to be the Company's operating segments or one level below the operating segments in certain instances (see Note 8).
Impairment of Property, Plant and Equipment and Finite-Lived Intangible Assets	Impairment of Property, Plant and Equipment and Finite Lived Intangible Assets —Finite lived intangible assets include primarily trademarks, customer lists and port facility usage rights and are amortized on a straight-line basis over their contractual or legal lives (see Note 9) or their estimated useful lives where such lives are not determined by law or contract. Bunge reviews its property, plant and equipment and finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. Bunge bases its evaluation of recoverability on such indicators as the nature, future economic benefits and geographic locations of the assets, historical or future profitability measures and other external market conditions. If these indicators result in the expected non-recoverability of the carrying amount of an asset or asset group, Bunge evaluates potential impairment using undiscounted estimated future cash flows. If such undiscounted future cash flows during the asset's remaining useful life are below its carrying value, a loss is recognized for the shortfall, measured by the present value of the estimated future cash flows or by third-party appraisals. Bunge records impairments related to property, plant and equipment and finite-lived intangible assets used in the processing of its products in cost of goods sold in its consolidated statements of income. Any impairment of marketing or brand assets is recognized in selling, general and administrative expenses in the consolidated statements of income (see Note 10). Property, plant and equipment and other finite-lived intangible assets to be sold or otherwise disposed of are reported at the lower of carrying amount or fair value less cost to sell.
Impairment of Investments in Affiliates	Impairment of Investments in Affiliates —Bunge reviews its investments annually or when an event or circumstances indicate that a potential decline in value may be other than temporary. Bunge considers various factors in determining whether to recognize an impairment charge, including the length of time that the fair value of the investment is expected to be below its carrying value, the financial condition, operating performance and near-term prospects of the affiliate and Bunge's intent and ability to hold the investment for a period of time sufficient to allow for recovery of the fair value. Impairment charges for investments in affiliates are included within selling, general and administrative expenses (see Note 10).
Stock-Based Compensation	Stock-Based Compensation —Bunge maintains equity incentive plans for its employees and non-employee directors (see Note 24). Bunge accounts for stock-based compensation using the modified prospective transition method. Under the modified prospective transition method, compensation cost is recognized based on the grant date fair value.
Income Taxes	Income Taxes —Income tax expenses and benefits are recognized based on the tax laws and regulations in the jurisdictions in which Bunge's subsidiaries operate. Under Bermuda law, Bunge is not required to pay taxes in Bermuda on either income or capital gains. The provision for income taxes includes income taxes currently payable and deferred income taxes arising as a result of temporary differences between the carrying amounts of existing assets and liabilities in Bunge's financial statements and their respective tax bases. Deferred tax assets are reduced by valuation allowances if current evidence does not suggest that the deferred tax asset will be realized. Accrued interest and penalties related to unrecognized tax benefits are recognized in income tax (expense) benefit in the consolidated statements of income (see Note 14). The calculation of tax liabilities involves management's judgments concerning uncertainties in the application of complex tax regulations in the many jurisdictions in which Bunge operates. Investment tax credits are recorded in income tax expense in the period in which such credits are granted.
Revenue Recognition	Revenue Recognition —Sales of agricultural commodities, fertilizers and other products are recognized when persuasive evidence of an arrangement exists, the price is determinable, the product has been delivered, title to the product and risk of loss transfer to the customer, which is dependent on the agreed upon sales terms with the customer and when collection of the sale price is reasonably assured. Sales terms provide for passage of title either at the time and point of shipment or at the time and point of delivery of the product being sold. Net sales consist of gross sales less discounts related to promotional programs and sales taxes. Interest income on secured advances to suppliers is included in net sales due to its operational nature (see Note 6). Shipping and handling charges billed to customers are included in net sales and related costs are included in cost of goods sold.
Research and Development	Research and Development —Research and development costs are expensed as incurred. Research and development expenses were $16 million, $20 million and $19 million for the years ended December 31, 2015, 2014 and 2013, respectively.
New Accounting Pronouncements	New Accounting Pronouncements —In November 2015, the FASB issued ASU ("Topic 740") Income Taxes—Balance Sheet Classification of Deferred Taxes . The amendments in this update require that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet. The update is effective for fiscal years beginning after December 15, 2016 on a prospective or retrospective basis, with earlier application permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. In July 2015, the FASB issued Accounting Standards Update ("ASU") ("Topic 330") Inventory—Simplifying the Measurement of Inventory, which requires entities that measure inventory using the first-in, first-out or average cost methods to measure inventory at the lower of cost and net realizable value. Net realizable value is defined as estimated selling price in the ordinary course of business less reasonably predictable costs of completion, disposal and transportation. The update is effective for fiscal years beginning after December 15, 2016 on a prospective basis, with earlier application permitted. The adoption of this update is not expected to have a material impact on Bunge's results of operations, financial position or cash flows. In April 2015, the FASB issued ASU ("Subtopic 835-30") Interest—Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs. The amendments in this update require debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, consistent with debt discounts, instead of being presented as an asset. The update requires retrospective application and is effective for fiscal years beginning after December 15, 2015, early adoption is permitted. The adoption of this update is not expected to have a material impact on Bunge's results of operations, financial position or cash flows. In February 2015, the FASB issued ASU ("Topic 810") Consolidation-Amendments to the Consolidation Analysis. The standard makes targeted amendments to the current consolidation guidance and ends the deferral granted to investment companies from applying the VIE guidance. The standard is effective for interim and annual reporting periods beginning after December 15, 2015, early adoption is permitted. Bunge expects the adoption of this standard to result in the deconsolidation of investment funds in its asset management business and is evaluating the potential impact of this standard on the consolidation of certain other legal entities. In May 2014, the FASB amended the Accounting Standards Codification ("ASC") and created ASC ("Topic 606") Revenue from Contracts with Customers. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The initial effective date is for interim and annual periods beginning on or after December 15, 2016, however, in August 2015, FASB issued an ASU effectively deferring the implementation date by one year. In addition, the ASU permits companies to early adopt the guidance as of the original effective date, but not before January 1, 2017. The new requirements may be implemented either retrospectively for all prior periods presented, or retrospectively with a cumulative-effect adjustment at the date of initial application. Bunge is evaluating the potential impact of this standard on its consolidated financial statements.

NATURE OF BUSINESS, BASIS OF 39

NATURE OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
NATURE OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES
Useful lives for property, plant and equipment	Years Biological assets 5 - 6 Buildings 10 - 50 Machinery and equipment 7 - 25 Furniture, fixtures and other 3 - 20 Computer software 3 - 10

DISCONTINUED OPERATIONS AND B40

DISCONTINUED OPERATIONS AND BUSINESS DIVESTITURES (TABLES)	12 Months Ended
	Dec. 31, 2015
DISCONTINUED OPERATIONS AND BUSINESS DIVESTITURES
Summary of results from discontinued operations	(US$ in millions) Year Ended December 31, 2013 Net sales $ Cost of goods sold ) ​ ​ ​ ​ ​ Gross profit Selling, general and administrative expenses ) Interest income Interest expense ) Foreign exchange gain (loss) ) Other income (expenses)—net ) Gain on sale of Brazilian fertilizer business ​ ​ ​ ​ ​ Income (loss) from discontinued operations before income tax Income tax (expense) benefit ) ​ ​ ​ ​ ​ Income (loss) from discontinued operations, net of tax $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INVENTORIES (TABLES)

INVENTORIES (TABLES)	12 Months Ended
	Dec. 31, 2015
INVENTORIES
Inventories by segment	(US$ in millions) December 31, 2015 December 31, 2014 Agribusiness (1) $ $ Edible Oil Products (2) Milling Products Sugar and Bioenergy (3) Fertilizer ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes RMI of $3,393 million and $4,125 million at December 31, 2015 and December 31, 2014, respectively. Of these amounts $2,513 million and $2,937 million can be attributable to merchandising activities at December 31, 2015 and December 31, 2014, respectively. (2) Includes RMI of bulk soybean and canola oil in the aggregate amount of $110 million and $127 million at December 31, 2015 and December 31, 2014, respectively. (3) Includes sugar RMI, which can be attributable to Bunge's trading and merchandising business of $163 million and $157 million at December 31, 2015 and December 31, 2014, respectively.

OTHER CURRENT ASSETS (TABLES)

OTHER CURRENT ASSETS (TABLES)	12 Months Ended
	Dec. 31, 2015
OTHER CURRENT ASSETS
Other current assets	(US$ in millions) December 31, 2015 December 31, 2014 Prepaid commodity purchase contracts (1) $ $ Secured advances to suppliers, net (2) Unrealized gains on derivative contracts, at fair value Recoverable taxes, net Margin deposits Marketable securities, at fair value and other short-term investments Deferred purchase price receivable, at fair value (3) Prepaid expenses Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Prepaid commodity purchase contracts represent advance payments against fixed price contracts for future delivery of specified quantities of agricultural commodities. (2) Bunge provides cash advances to suppliers, primarily Brazilian farmers of soybeans and sugarcane, to finance a portion of the suppliers' production costs. Bunge does not bear any of the costs or risks associated with the related growing crops. The advances are largely collateralized by future crops and physical assets of the suppliers, carry a local market interest rate and settle when the farmer's crop is harvested and sold. The secured advances to farmers are reported net of allowances of $2 million and $2 million at December 31, 2015 and December 31, 2014, respectively. There were no significant changes in the allowance for 2015. Changes in the allowance for 2014 included primarily a reduction in the allowance resulting from recoveries of $7 million and reclassifications to long-term of $8 million. Interest earned on secured advances to suppliers of $38 million, $37 million and $32 million, respectively, for the years ended December 31, 2015, 2014 and 2013, respectively, is included in net sales in the consolidated statements of income. (3) Deferred purchase price receivable represents additional credit support for the investment conduits in Bunge's accounts receivables sales program (see Note 18).
Summary of marketable securities and short-term investments	(US$ in millions) December 31, 2015 December 31, 2014 Foreign government securities $ $ Corporate debt securities Certificate of deposits/time deposits Other ​ ​ ​ ​ ​ ​ ​ ​ Total marketable securities and other short-term investments $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (TABLES)	12 Months Ended
	Dec. 31, 2015
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment	December 31, (US$ in millions) 2015 2014 Land $ $ Biological assets Buildings Machinery and equipment Furniture, fixtures and other ​ ​ ​ ​ ​ ​ ​ ​ Less: accumulated depreciation and depletion ) ) Plus: construction in progress ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

GOODWILL (TABLES)

GOODWILL (TABLES)	12 Months Ended
	Dec. 31, 2015
GOODWILL
Summary of changes in the carrying amount of goodwill by segment	(US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Goodwill $ $ $ $ $ $ Accumulated impairment losses — — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2013, net — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill acquired (1) — — — — Impairment ) — — — — ) Tax benefit on goodwill amortization (2) ) — — — — ) Foreign exchange translation ) ) ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill, gross of impairments Accumulated impairment losses ) — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2014, net — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill acquired (1) — — Impairment (3) — ) — — — ) Tax benefit on goodwill amortization (2) ) — — — — ) Foreign exchange translation ) ) ) — ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill, gross of impairments Accumulated impairment losses ) ) ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2015, net $ $ $ $ — $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) See Note 2. (2) Bunge's Brazilian subsidiary's tax deductible goodwill is in excess of its book goodwill. For financial reporting purposes for goodwill acquired prior to 2009, the tax benefits attributable to the excess tax goodwill are first used to reduce associated goodwill and then other intangible assets to zero, prior to recognizing any income tax benefit in the consolidated statements of income. (3) Goodwill impairment charge of $13 million represents all of the goodwill of the Brazilian tomato products business, recorded in the fourth quarter of 2015 upon completion of our annual impairment analysis. This analysis was performed using discounted cash flow projections (the income approach) to determine the fair value of the business unit. The income approach estimates fair value by discounting the business unit's estimated future cash flows using a discount rate that reflects current market conditions and the risk profile of the business and includes, among other things, making assumptions about variables such as our product pricing, future profitability and future capital expenditures that might be used by a market participant. All of these assumptions are subject to a high degree of judgment. Compared to 2014 there was a significant decline in the estimated fair value of the business unit primarily due to a decline in profitability. Based on a detailed review of the results of the impairment analysis, it was determined that impairment may exist and further analysis was performed to evaluate the fair value of the assets and liabilities of the business unit as of the October 1, 2015 testing date. Upon completion of the analysis, 100% of the goodwill was determined to be impaired and a related charge was recorded within the Edible Oils Segment. This non-cash charge does not have any impact on current or future cash flows or the performance of the underlying business.

OTHER INTANGIBLE ASSETS (TABLES

OTHER INTANGIBLE ASSETS (TABLES)	12 Months Ended
	Dec. 31, 2015
OTHER INTANGIBLE ASSETS
Other intangible assets	December 31, (US$ in millions) 2015 2014 Trademarks/brands, finite-lived $ $ Licenses Port rights Other ​ ​ ​ ​ ​ ​ ​ ​ Less accumulated amortization: Trademarks/brands (1) ) ) Licenses ) ) Port rights ) ) Other ) ) ​ ​ ​ ​ ​ ​ ​ ​ ) ) ​ ​ ​ ​ ​ ​ ​ ​ Intangible assets, net of accumulated amortization $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Bunge's Brazilian subsidiary's tax deductible goodwill in the Agribusiness segment is in excess of its book goodwill. For financial reporting purposes, for other intangible assets acquired prior to 2009, before recognizing any income tax benefit of tax deductible goodwill in excess of its book goodwill in the consolidated statements of income and after the related book goodwill has been reduced to zero, any such remaining tax deductible goodwill in excess of its book goodwill is used to reduce other intangible assets to zero.

IMPAIRMENTS (TABLES)

IMPAIRMENTS (TABLES)	12 Months Ended
	Dec. 31, 2015
IMPAIRMENTS
Assets measured at fair value on a nonrecurring basis	Fair Value Measurements Using Carrying Value Year Ended December 31, 2015 Impairment Losses Year ended December 31, 2015 (US$ in millions) Level 1 Level 2 Level 3 Property, plant and equipment $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill (see Note 8) $ — $ — $ — $ — $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in affiliates $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using Carrying Value Year Ended December 31, 2014 Impairment Losses Year ended December 31, 2014 (US$ in millions) Level 1 Level 2 Level 3 Non-current assets held for sale $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in affiliates $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using Carrying Value Year Ended December 31, 2013 Impairment Losses Year ended December 31, 2013 (US$ in millions) Level 1 Level 2 Level 3 Non-current assets held for sale $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment $ $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

OTHER NON-CURRENT ASSETS (TABLE

OTHER NON-CURRENT ASSETS (TABLES)	12 Months Ended
	Dec. 31, 2015
OTHER NON-CURRENT ASSETS
Schedule of other non-current assets	(US$ in millions) December 31, 2015 December 31, 2014 Recoverable taxes, net (1) $ $ Judicial deposits (1) Other long-term receivables Income taxes receivable (1) Long-term investments Affiliate loans receivable, net Long-term receivables from farmers in Brazil, net (1) Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) These non-current assets arise primarily from Bunge's Brazilian operations and their realization could take in excess of five years.
Long-term receivables from Brazilian farmers	December 31, (US$ in millions) 2015 2014 Legal collection process (1) $ $ Renegotiated amounts (2) Other long-term receivables — ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) All amounts in legal process are considered past due upon initiation of legal action. (2) All renegotiated amounts are current on repayment terms.
Summary of recorded investment in long-term receivables and the related allowance amounts from Brazilian farmers	December 31, 2015 December 31, 2014 (US$ in millions) Recorded Investment Allowance Recorded Investment Allowance For which an allowance has been provided: Legal collection process $ $ $ $ Renegotiated amounts For which no allowance has been provided: Legal collection process — — Renegotiated amounts — — Other long-term receivables — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of the activity in the allowance for doubtful accounts related to long-term receivables from Brazilian farmers	December 31, (US$ in millions) 2015 2014 Beginning balance $ $ Bad debt provisions Recoveries ) ) Write-offs ) ) Transfers (1) Foreign exchange translation ) ) ​ ​ ​ ​ ​ ​ ​ ​ Ending balance $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Represents reclassifications from allowance for doubtful accounts-current for secured advances to suppliers.

OTHER CURRENT LIABILITIES (TABL

OTHER CURRENT LIABILITIES (TABLES)	12 Months Ended
	Dec. 31, 2015
OTHER CURRENT LIABILITIES
Other current liabilities	(US$ in millions) December 31, 2015 December 31, 2014 Accrued liabilities $ $ Unrealized losses on derivative contracts at fair value Advances on sales Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INCOME TAXES (TABLES)

INCOME TAXES (TABLES)	12 Months Ended
	Dec. 31, 2015
INCOME TAXES
Components of income from continuing operations before income tax	Year Ended December 31, (US$ in millions) 2015 2014 2013 United States $ $ $ Non-United States ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Components of income tax (expense) benefit	Year Ended December 31, (US$ in millions) 2015 2014 2013 Current: (1) United States $ ) $ ) $ ) Non-United States ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred: United States ) ) ) Non-United States ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Included in current income tax expense are $14 million, $(6) million, and $32 million related to uncertain tax benefits for the years ended December 31, 2015, 2014 and 2013, respectively.
Reconciliation of income tax (expense) benefit	Year Ended December 31, (US$ in millions) 2015 2014 2013 Income from operations before income tax $ $ $ Income tax rate % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income tax expense at the U.S. Federal tax rate ) ) ) Adjustments to derive effective tax rate: Foreign earnings taxed at different statutory rates Valuation allowances ) ) ) Fiscal incentives (1) Foreign exchange on monetary items ) Tax rate changes ) ) ) Non-deductible expenses ) ) ) Uncertain tax positions ) ) Deferred balance adjustments ) ) Equity distributions Foreign income taxed in Brazil — Other ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income tax benefit (expense) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Fiscal incentives predominantly relate to investment incentives in Brazil that are exempt from Brazilian income tax.
Components of deferred tax assets and liabilities and related valuation allowances	December 31, (US$ in millions) 2015 2014 Deferred income tax assets: Net operating loss carryforwards $ $ Property, plant and equipment Employee benefits Tax credit carryforwards Inventories Intangibles Accrued expenses and other ​ ​ ​ ​ ​ ​ ​ ​ Total deferred income tax assets Less valuation allowances ) ) ​ ​ ​ ​ ​ ​ ​ ​ Deferred income tax assets, net of valuation allowance ​ ​ ​ ​ ​ ​ ​ ​ Deferred income tax liabilities: Property, plant and equipment Undistributed earnings of affiliates not considered permanently reinvested Intangibles Investments Inventories Accrued expenses and other ​ ​ ​ ​ ​ ​ ​ ​ Total deferred income tax liabilities ​ ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Reconciliation of unrecognized tax benefits	(US$ in millions) 2015 2014 2013 Balance at January 1, $ $ $ Additions based on tax positions related to the current year Additions based on acquisitions — Additions based on tax positions related to prior years Reductions for tax positions of prior years ) ) ) Settlement or clarification from tax authorities ) ) — Expiration of statute of limitations ) ) ) Foreign currency translation ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Tax years subject to income tax examination by tax authorities	Open Tax Years North America 2009 - 2015 South America 2009 - 2015 Europe 2006 - 2015 Asia-Pacific 2003 - 2015

FINANCIAL INSTRUMENTS AND FAI50

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (TABLES)	12 Months Ended
	Dec. 31, 2015
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
Schedule of assets and liabilities accounted for at fair value on a recurring basis	Fair Value Measurements at Reporting Date December 31, 2015 December 31, 2014 (US$ in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Readily marketable inventories (Note 5) $ — $ $ $ $ — $ $ $ Trade accounts receivable (1) — — — — Unrealized gain on designated derivative contracts (2) : Foreign exchange — — — — Unrealized gain on undesignated derivative contracts (2) : Foreign exchange — — Commodities Freight — — — Energy — — Deferred purchase price receivable (Note 18) — — — — Other (3) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: Trade accounts payable (1) $ — $ $ $ $ — $ $ $ Unrealized loss on designated derivative contracts (4) : Interest rate — — — — — — Foreign exchange — — — — Unrealized loss on undesignated derivative contracts (4) : Foreign exchange — — Commodities Freight — — — Energy — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities $ $ $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Trade accounts receivable and payable are generally stated at historical amounts, net of write-offs and allowances. with the exception of $6 million and $443 million, at December 31, 2015 and $23 million and $392 million at December 31, 2014, respectively, related to certain delivered inventory for which the receivable and payable, respectively, fluctuate based on changes in commodity prices. These receivables and payables are hybrid financial instruments for which Bunge has elected the fair value option. (2) Unrealized gains on designated and undesignated derivative contracts are generally included in other current assets. There are no such amounts included in other non-current assets at December 31, 2015 and December 31, 2014, respectively. (3) Other includes the fair values of marketable securities and investments in other current assets and other non-current assets. (4) Unrealized losses on designated and undesignated derivative contracts are generally included in other current liabilities. There are no such amounts included in other non-current liabilities at December 31, 2015 and December 31, 2014, respectively.
Reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	Level 3 Instruments Fair Value Measurements (US$ in millions) Derivatives, Net (1) Readily Marketable Inventories Trade Accounts Receivable/ Payable, Net (2) Total Balance, January 1, 2015 $ ) $ $ ) $ Total gains and losses (realized/unrealized) included in cost of goods sold ) Purchases ) Sales — ) — ) Issuances ) — ) ) Settlements ) — Transfers into Level 3 ) Transfers out of Level 3 ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2015 $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Derivatives, net include Level 3 derivative assets and liabilities. (2) Trade Accounts Receivable and Trade Accounts Payable, net, include Level 3 inventory related receivables and payables. Level 3 Instruments Fair Value Measurements (US$ in millions) Derivatives, Net (1) Readily Marketable Inventories Trade Accounts Receivable/ Payable, Net (2) Total Balance, January 1, 2014 $ $ $ ) $ Total gains and losses (realized/unrealized) included in cost of goods sold ) Purchases ) Sales — ) ) Issuances — ) ) Settlements ) — Transfers into Level 3 ) Transfers out of Level 3 ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2014 $ ) $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Derivatives, net include Level 3 derivative assets and liabilities. (2) Trade Accounts Receivable and Trade Accounts Payable, net, include Level 3 inventory related receivables and payables.
Summary of changes in unrealized gains or (losses) recorded in earnings for Level 3 assets and liabilities	Level 3 Instruments Fair Value Measurements (US$ in millions) Derivatives, Net (1) Readily Marketable Inventories Trade Accounts Receivable and Payable, Net (2) Total Changes in unrealized gains and (losses) relating to assets and liabilities held at December 31, 2015 Cost of goods sold $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in unrealized gains and (losses) relating to assets and liabilities held at December 31, 2014 Cost of goods sold $ $ ) $ — $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Derivatives, net include Level 3 derivative assets and liabilities. (2) Trade Accounts Receivable and Trade Accounts Payable, net, include Level 3 inventory related receivables and payables.
Summary of effect of derivative instruments designated as fair value hedges and undesignated derivative instruments on condensed consolidated statements of income	Gain or (Loss) Recognized in Income on Derivative Instruments December 31, (US$ in millions) Location 2015 2014 Undesignated Derivative Contracts: Interest Rate Interest income/Interest expense $ — $ ) Interest Rate Other income (expense)—net ) — Foreign Exchange Foreign exchange gains (losses) ) ) Foreign Exchange Cost of goods sold ) Commodities Cost of goods sold ) Freight Cost of goods sold ) Energy Cost of goods sold ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of effect of derivative instruments designated as cash flow and net investment hedges	Year Ended December 31, 2015 Gain or (Loss) Reclassified from Accumulated OCI into Income Gain or (Loss) Recognized in Income on Derivatives Gain or (Loss) Recognized in Accumulated OCI (1) Notional Amount (US$ in millions) Location Amount Location Amount (2) Cash Flow Hedge: Foreign Exchange (3) $ $ ) Foreign exchange gains (losses) $ ) Foreign exchange gains (losses) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ) $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedge: Foreign Exchange (3) $ $ Foreign exchange gains (losses) $ — Foreign exchange gains (losses) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The gain (loss) recognized relates to the effective portion of the hedging relationship. At December 31, 2015, Bunge expects to reclassify into income in the next 12 months $76 million after-tax loss related to its foreign exchange cash flow and nil for net investment hedges. (2) There was no gain or loss recognized in income relating to the ineffective portion of the hedging relationships or relating to amounts excluded from the assessment of hedge effectiveness. (3) The foreign exchange contracts mature at various dates through November 2020. Year Ended December 31, 2014 Gain or (Loss) Reclassified from Accumulated OCI into Income Gain or (Loss) Recognized in Income on Derivatives Gain or (Loss) Recognized in Accumulated OCI (1) Notional Amount (US$ in millions) Location Amount Location Amount (2) Cash Flow Hedge: Foreign Exchange (3) $ $ Foreign exchange gains (losses) $ Foreign exchange gains (losses) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedge: Foreign Exchange (3) $ $ Foreign exchange gains (losses) $ — Foreign exchange gains (losses) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The gain or (loss) recognized relates to the effective portion of the hedging relationship. At December 31, 2014, Bunge expected to reclassify into income in the next 12 months approximately $4 million after-tax gains (losses) related to its foreign exchange cash flow hedges and nil for net investment hedges. (2) There was no gain or loss recognized in income relating to the ineffective portion of the hedging relationships or to amounts excluded from the assessment of hedge effectiveness. (3) The foreign exchange contracts matured at various dates in 2014.
Interest rate agreements
Derivative Instruments
Summary of outstanding derivative instruments	December 31, 2015 (US$ in millions) Notional Amount of Hedged Obligation Notional Amount of Derivative (3) Interest rate swap agreements $ $ Weighted average rate payable—3 month LIBOR plus 1.91% (1) Weighted average rate receivable—3.5% (2) (1) Interest is payable in arrears semi-annually based on three-month U.S. dollar LIBOR plus 1.91%. (2) Interest is receivable in arrears based on a fixed interest rate of 3.5%. (3) The interest rate swap agreements mature in 2020.
Foreign Exchange
Derivative Instruments
Summary of outstanding derivative instruments	December 31, 2015 Exchange Traded Non-exchange Traded Net (Short) & Long (1) Unit of Measure (US$ in millions) (Short) (2) Long (2) Foreign Exchange Options $ — $ ) $ Delta Forwards — ) Notional Futures — — Notional Swaps — ) Notional (1) Exchange traded derivatives are presented on a net (short) and long position basis. (2) Non-exchange traded derivatives are presented on a gross (short) and long position basis.
Commodities
Derivative Instruments
Summary of outstanding derivative instruments	December 31, 2015 Exchange Traded Non-exchange Traded Net (Short) & Long (1) Unit of Measure (Short) (2) Long (2) Agricultural Commodities Futures ) — — Metric Tons Options ) — Metric Tons Forwards — ) Metric Tons Swaps — ) Metric Tons (1) Exchange traded derivatives are presented on a net (short) and long position basis. (2) Non-exchange traded derivatives are presented on a gross (short) and long position basis.
Freight
Derivative Instruments
Summary of outstanding derivative instruments	December 31, 2015 Exchange Cleared Non-exchange Cleared Net (Short) & Long (1) Unit of Measure (Short) (2) Long (2) Ocean Freight FFA — — Hire Days FFA Options ) — — Hire Days (1) Exchange cleared derivatives are presented on a net (short) and long position basis. (2) Non-exchange cleared derivatives are presented on a gross (short) and long position basis.
Energy
Derivative Instruments
Summary of outstanding derivative instruments	December 31, 2015 Exchange Traded Non-exchange Cleared Net (Short) & Long (1) Unit of Measure (3) (Short) (2) Long (2) Natural Gas (3) Futures — — MMBtus Swaps — ) MMBtus Options — — — MMBtus Energy—Other Futures ) — — Metric Tons Forwards — — Metric Tons Swaps — — Metric Tons Options — — Metric Tons (1) Exchange traded and cleared derivatives are presented on a net (short) and long position basis. (2) Non-exchange cleared derivatives are presented on a gross (short) and long position basis. (3) Million British Thermal Units (MMBtus) is the standard unit of measurement used to denote an amount of natural gas.

SHORT-TERM DEBT AND CREDIT FA51

SHORT-TERM DEBT AND CREDIT FACILITIES (TABLES)	12 Months Ended
	Dec. 31, 2015
SHORT-TERM DEBT AND CREDIT FACILITIES
Short-term debt	December 31, (US$ in millions) 2015 2014 Lines of credit: Secured, interest rates from 2.33% to 9.75% $ $ Unsecured, fixed interest rates from 13.38% to 18.50% (1) Unsecured, variable interest rates from 1.17% to 32.00% (1) ​ ​ ​ ​ ​ ​ ​ ​ Total short-term debt $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes $130 million and $155 million of local currency borrowings in certain Central and Eastern European, South American and Asia-Pacific countries at a weighted-average interest rate of 16.06% and 11.95% as of December 31, 2015 and 2014, respectively.

LONG-TERM DEBT AND CREDIT FAC52

LONG-TERM DEBT AND CREDIT FACILITIES (TABLES)	12 Months Ended
	Dec. 31, 2015
LONG-TERM DEBT AND CREDIT FACILITIES
Long-term debt	December 31, (US$ in millions) 2015 2014 Revolving credit facilities $ $ Term loan due 2019—three-month Yen LIBOR plus 0.75% (Tranche A) — Term loan due 2019—fixed Yen interest rate of 0.96% (Tranche B) — Term loan due 2019—three-month LIBOR plus 1.30% (Tranche C) — 5.10% Senior Notes due 2015 — 4.10% Senior Notes due 2016 5.90% Senior Notes due 2017 3.20% Senior Notes due 2017 8.50% Senior Notes due 2019 3.50% Senior Notes due 2020 — Consolidated investment fund debt (1) Other ​ ​ ​ ​ ​ ​ ​ ​ Subtotal Less: Current portion of long-term debt ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total long-term debt $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Consolidated investment fund debt matures at various dates through 2018 with no recourse to Bunge. Bunge elected to account for $53 million and $195 million at fair value as of December 31, 2015 and 2014, respectively.
Schedule of carrying amounts and fair values of long-term debt	December 31, 2015 December 31, 2014 (US$ in millions) Carrying Value Fair Value (Level 2) Fair Value (Level 3) Carrying Value Fair Value (Level 2) Fair Value (Level 3) Long-term debt, including current portion $ $ $ $ $ $
Principal maturities of long-term debt	Principal maturities of long-term debt at December 31, 2015 are as follows: (US$ in millions) 2016 $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ Total (1) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Excludes unamortized net gains of $4 million related to terminated interest rate swap agreement and unamortized net losses of $3 million related to an open interest rate swap agreement recorded in long-term debt.

EMPLOYEE BENEFIT PLANS (TABLES)

EMPLOYEE BENEFIT PLANS (TABLES)	12 Months Ended
	Dec. 31, 2015
Employee Benefit Plans
Changes in the defined benefit pension and postretirement benefit plans' benefit obligations, assets and funded status of plans recognized in the balance sheet	Pension Benefits December 31, Postretirement Benefits December 31, (US$ in millions) 2015 2014 2015 2014 Change in benefit obligations: Benefit obligation at the beginning of year $ $ $ $ Service cost — — Interest cost Plan curtailments ) — — ) Actuarial (gain) loss, net ) Employee contributions Plan settlements ) ) — — Benefits paid ) ) ) ) Expenses paid ) ) — — Impact of foreign exchange rates ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Benefit obligation at the end of year $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in plan assets: Fair value of plan assets at the beginning of year $ $ $ — $ — Actual return on plan assets ) — — Employer contributions Employee contributions Plan settlements ) ) — — Benefits paid ) ) ) ) Expenses paid ) ) — — Impact of foreign exchange rates ) ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of plan assets at the end of year $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Funded (unfunded) status and net amounts recognized: Plan assets (less than) in excess of benefit obligation $ ) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (liability) asset recognized in the balance sheet $ ) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized in the balance sheet consist of: Non-current assets $ $ $ — $ — Current liabilities ) ) ) ) Non-current liabilities ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net liability recognized $ ) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of effects of one-percentage point change in assumed healthcare cost trend rates	(US$ in millions) One-percentage point increase One-percentage point decrease Effect on total service and interest cost $ — $ — Effect on postretirement benefit obligation $ $ )
Components of net periodic benefit costs	Pension Benefits December 31, Postretirement Benefits December 31, (US$ in millions) 2015 2014 2013 2015 2014 2013 Service cost $ $ $ $ — $ — $ — Interest cost Expected return on plan assets ) ) ) — — — Amortization of prior service cost — — — Amortization of net loss — ) — Curtailment loss — — ) ) Settlement loss recognized — — — — — Special termination benefit — — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit costs $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of weighted-average assumptions used in determining the benefit obligations	Pension Benefits December 31, Postretirement Benefits December 31, 2015 2014 2015 2014 Discount rate % % % % Increase in future compensation levels % % N/A N/A
Schedule of weighted-average assumptions used in determining the net periodic benefit costs	Pension Benefits December 31, Postretirement Benefits December 31, 2015 2014 2013 2015 2014 2013 Discount rate % % % % % % Expected long-term rate of return on assets % % % N/A N/A N/A Increase in future compensation levels % % % N/A N/A N/A
Estimated future benefit payments	(US$ in millions) Pension Benefit Payments Postretirement Benefit Payments 2016 $ $ 2017 2018 2019 2020 2021 and onwards
Pension Benefits
Employee Benefit Plans
Schedule of accumulated benefit obligation in excess of plan assets	Pension Benefits December 31, (US$ in millions) 2015 2014 Projected benefit obligation $ $ Accumulated benefit obligation $ $ Fair value of plan assets $ $
Fair values of defined pension plan assets	Fair Value Measurements at December 31, 2015 Pension Benefits (US$ in millions) Asset Category Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Cash $ $ $ — $ — Equities: Mutual Funds (1) — Fixed income securities: Mutual Funds (2) — Others (3) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2014 Pension Benefits (US$ in millions) Asset Category Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Cash $ $ $ — $ — Equities: Mutual Funds (1) — Fixed income securities: Mutual Funds (2) — Others (3) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) This category represents a portfolio of equity investments comprised of equity index funds that invest in U.S. equities and non-U.S. equities. The U.S. equities are comprised of investments focusing on large, mid and small cap companies and non-U.S. equities are comprised of international, emerging markets and real estate investment trusts. (2) This category represents a portfolio of fixed income investments in mutual funds comprised of investment grade U.S. government bonds and notes, foreign government bonds and corporate bonds from diverse industries. (3) This category represents a portfolio consisting of a mixture of equity, fixed income and cash.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (TABLES)	12 Months Ended
	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES
Liabilities related to general claims and lawsuits included in other non-current liabilities	(US$ in millions) December 31, 2015 December 31, 2014 Tax claims $ $ Labor claims Civil and other claims ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Maximum potential future payments related to guarantees	Guarantees —Bunge has issued or was a party to the following guarantees at December 31, 2015: (US$ in millions) Maximum Potential Future Payments Unconsolidated affiliates financing (1) $ Residual value guarantee (2) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Bunge issued guarantees to certain financial institutions related to debt of certain of its unconsolidated joint ventures. The terms of the guarantees are equal to the terms of the related financings which have maturity dates in 2016 through 2022. There are no recourse provisions or collateral that would enable Bunge to recover any amounts paid under these guarantees. At December 31, 2015, Bunge had no outstanding recorded obligation related to these guarantees. (2) Bunge issued guarantees to certain financial institutions which are party to certain operating lease arrangements for railcars and barges. These guarantees provide for a minimum residual value to be received by the lessor at conclusion of the lease term. These leases expire at various dates from 2016 through 2020. At December 31, 2015, Bunge's recorded obligation related to these guarantees was $5 million.
Future minimum payment obligations under freight supply agreements	(US$ in millions) Ocean Freight Vessels Railroad Services Future Minimum Payment Obligations 2016 $ $ $ 2017 and 2018 2019 and 2020 2021 and thereafter ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

EQUITY (TABLES)

EQUITY (TABLES)	12 Months Ended
	Dec. 31, 2015
EQUITY
Schedule of after-tax components of accumulated other comprehensive income (loss) attributable to Bunge	(US$ in millions) Foreign Exchange Translation Adjustment (1) Deferred Gains (Losses) on Hedging Activities Pension and Other Postretirement Liability Adjustments Unrealized Gains (Losses) on Investments Accumulated Other Comprehensive Income (Loss) Balance January 1, 2013 $ ) $ $ ) $ $ ) Other comprehensive income (loss) before reclassifications ) — ) Amount reclassified from accumulated other comprehensive income ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net-current period other comprehensive income (loss) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2013 ) $ ) ) ) Other comprehensive income (loss) before reclassifications ) ) ) ) Amount reclassified from accumulated other comprehensive income (loss) — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net-current period other comprehensive income (loss) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2014 ) $ ) ) ) Other comprehensive income (loss) before reclassifications ) — ) Amount reclassified from accumulated other comprehensive income (loss) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net-current period other comprehensive income (loss) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2015 $ ) $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Bunge has significant operating subsidiaries in Brazil, Argentina, North America, Europe and Asia-Pacific. The functional currency of Bunge's subsidiaries is the local currency. The assets and liabilities of these subsidiaries are translated into U.S. dollars from local currency at month-end exchange rates, and the resulting foreign exchange translation gains (losses) are recorded in the consolidated balance sheets as a component of accumulated other comprehensive income (loss).

EARNINGS PER COMMON SHARE (TABL

EARNINGS PER COMMON SHARE (TABLES)	12 Months Ended
	Dec. 31, 2015
EARNINGS PER COMMON SHARE
Computation of basic and diluted earnings per common share	Year Ended December 31, (US$ in millions, except for share data) 2015 2014 2013 Income from continuing operations $ $ $ Net (income) loss attributable to noncontrolling interests ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) from continuing operations attributable to Bunge ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other redeemable obligations (1) ) ) ) Convertible preference share dividends ) ) ) Income (loss) from discontinued operations, net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) available to Bunge common shareholders $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average number of common shares outstanding: Basic Effect of dilutive shares: —stock options and awards (2) —convertible preference shares (3) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: Net income (loss) from continuing operations $ $ $ Net income (loss) from discontinued operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders—basic $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share: Net income (loss) from continuing operations $ $ $ Net income (loss) from discontinued operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders—diluted $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Accretion of redeemable noncontrolling interest of $19 million, $14 million and $42 million for the years ended December 31, 2015, 2014 and 2013, respectively, relates to a non-fair value variable put arrangement whereby the noncontrolling interest holder may require Bunge to purchase the remaining shares of an oilseed processing operation in Central and Eastern Europe. Accretion for the respective periods includes the effect of losses incurred by the operations for the years ended December 31, 2015, 2014 and 2013, respectively. (2) The weighted-average common shares outstanding-diluted excludes approximately 3 million, 2 million and 3 million stock options and contingently issuable restricted stock units, which were not dilutive and not included in the computation of earnings per share for the years ended December 31, 2015, 2014 and 2013, respectively. (3) Weighted-average common share outstanding-diluted for the years ended December 31, 2014 and 2013 excludes approximately 8 million weighted-average common shares that are issuable upon conversion of the convertible preference shares that were not dilutive and not included in the weighted-average number of common shares outstanding.

SHARE-BASED COMPENSATION (TABLE

SHARE-BASED COMPENSATION (TABLES)	12 Months Ended
	Dec. 31, 2015
SHARE-BASED COMPENSATION
Assumptions used to estimate fair value of stock options	December 31, Assumptions: 2015 2014 2013 Expected option term (in years) Expected dividend yield % % % Expected volatility % % % Risk-free interest rate % % %
Summary of stock option activity	A summary of option activity under the plans for the year ended December 31, 2015 is presented below (Aggregate intrinsic values in U.S. dollar millions ) : Options Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at January 1, 2015 $ Granted Exercised ) Forfeited or expired ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at December 31, 2015 $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2015 $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of restricted stock unit activity	Restricted Stock Units Shares Weighted-Average Grant-Date Fair Value Restricted stock units at January 1, 2015 (1) $ Granted Vested/issued (2) ) Forfeited/cancelled (2) ) ​ ​ ​ ​ ​ ​ ​ ​ Restricted stock units at December 31, 2015 (1) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Excludes accrued unvested dividends, which are payable in shares upon vesting of Bunge's common shares. (2) During the year ended December 31, 2015, Bunge issued 499,961 common shares, net of common shares withheld to cover taxes, including related common shares representing accrued dividends, with a weighted-average fair value of $81.83 per share. During the year ended December 31, 2015, Bunge canceled approximately 205,351 shares related to performance-based restricted stock unit awards that did not vest due to non-achievement of performance targets and performance-based restricted stock unit awards that were withheld to cover payment of employee related taxes.

LEASE COMMITMENTS (TABLES)

LEASE COMMITMENTS (TABLES)	12 Months Ended
	Dec. 31, 2015
LEASE COMMITMENTS
Minimum lease payments under non-cancelable operating leases	(US$ in millions) Minimum Lease Payments 2016 $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net rent expense under non-cancelable operating leases	Year Ended December 31, (US$ in millions) 2015 2014 2013 Rent expense $ $ $ Sublease income ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net rent expense $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SEGMENT INFORMATION (TABLES)

SEGMENT INFORMATION (TABLES)	12 Months Ended
	Dec. 31, 2015
SEGMENT INFORMATION
Operating Segment Information	(US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Discontinued Operations & Unallocated Total 2015 Net sales to external customers $ $ $ $ $ $ — $ Inter-segment revenues — ) — Gross profit — Foreign exchange gains (losses) — ) ) — ) Noncontrolling interests (1) ) ) — — ) Other income (expense)—net ) ) ) ) — ) Segment EBIT (3) ) — Discontinued operations (2) — — — — — Depreciation, depletion and amortization ) ) ) ) ) — ) Investments in affiliates — — — — Total assets Capital expenditures 2014 Net sales to external customers $ $ $ $ $ $ — $ Inter-segment revenues — — ) — Gross profit ) — Foreign exchange gains (losses) ) ) — Noncontrolling interests (1) ) ) — ) ) ) Other income (expense)—net ) ) — Segment EBIT ) — Discontinued operations (2) — — — — — Depreciation, depletion and amortization ) ) ) ) ) — ) Investments in affiliates — — — — Total assets Capital expenditures 2013 Net sales to external customers $ $ $ $ $ $ — $ Inter-segment revenues ) — Gross profit — Foreign exchange gains (losses) ) — Noncontrolling interests (1) ) — ) Other income (expense)—net ) — — Segment EBIT ) — Discontinued operations (2) — — — — — Depreciation, depletion and amortization ) ) ) ) ) — ) Investments in affiliates — — — — Total assets Capital expenditures (1) Includes the noncontrolling interests' share of interest and tax to reconcile to consolidated noncontrolling interests. (2) Represents net income (loss) from discontinued operations. (3) In addition, Bunge recorded pre-tax impairment charges of $57 million, of which $15 million, $14 million and $13 million are included i n cost of goods sold, selling, general and administrative expenses and goodwill impairment , respectively primarily related to the announced closure of an oil packaging plant in the United States, the impairment of an equity method investment in a freight shipping company in Europe , and a pre-tax goodwill impairment charge related to the tomato products business in Brazil. Of these pre-tax impairment charges, $14 million was allocated to the Agribusiness segment and $28 million w as allocated to the Edible Oil segment.
Reconciliation of total segment earnings before interest and tax to net income attributable to Bunge	Year Ended December 31, (US$ in millions) 2015 2014 2013 Total segment EBIT from continuing operations $ $ $ Interest income Interest expense ) ) ) Income tax (expense) benefit ) ) ) Income (loss) from discontinued operations, net of tax Noncontrolling interests' share of interest and tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income attributable to Bunge $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net sales by product group to external customers	Year Ended December 31, (US$ in millions) 2015 2014 2013 Agricultural Commodity Products $ $ $ Edible Oil Products Wheat Milling Products Corn Milling Products Sugar and Bioenergy Products Fertilizer Products ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Geographic area information for net sales to external customers, determined based on the location of the subsidiary making the sale, and long-lived assets	Year Ended December 31, (US$ in millions) 2015 2014 2013 Net sales to external customers: Europe $ $ $ United States Brazil Asia-Pacific Argentina Canada Rest of world ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (US$ in millions) 2015 2014 2013 Long-lived assets (1) : Europe $ $ $ United States Brazil Asia-Pacific Argentina Canada Rest of world ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Long-lived assets include property, plant and equipment, net, goodwill and other intangible assets, net, investments in affiliates and non-current assets held for sale.

QUARTERLY FINANCIAL INFORMATI60

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (TABLES)	12 Months Ended
	Dec. 31, 2015
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Quarterly Financial Information (Unaudited)	Quarter (US$ in millions, except per share data) First Second Third Fourth Year End 2015 Net sales $ $ $ $ $ Gross profit Income (loss) from discontinued operations, net of tax ) Net income (loss) Net income (loss) attributable to Bunge Earnings per common share—basic (1) Net income (loss) $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from continuing operations $ $ $ $ $ Net income (loss) from discontinued operations ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share—diluted (1) Net income (loss) $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from continuing operations $ $ $ $ $ Net income (loss) from discontinued operations — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average number of shares: Weighted-average number of shares outstanding—basic Weighted-average number of shares outstanding—diluted Market price: High $ $ $ $ Low $ $ $ $ 2014 Net sales $ $ $ $ $ Gross profit Income (loss) from discontinued operations, net of tax ) ) Net income (loss) ) ) Net income (loss) attributable to Bunge ) ) Earnings per common share—basic (1) Net income (loss) $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from continuing operations $ ) $ $ $ ) $ Net income (loss) from discontinued operations ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share—diluted (1) Net income (loss) $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from continuing operations $ ) $ $ $ ) $ Net income (loss) from discontinued operations ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) to Bunge common shareholders $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average number of shares: Weighted-average number of shares outstanding—basic Weighted-average number of shares outstanding—diluted Market price: High $ $ $ $ Low $ $ $ $ (1) Earnings per share to Bunge common shareholders for both basic and diluted is computed independently for each period presented. As a result, the sum of the quarterly earnings per share for the years ended December 31, 2015 and 2014 does not equal the total computed for the year.

NATURE OF BUSINESS, BASIS OF 61

NATURE OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES (DETAILS) $ in Millions	1 Months Ended	12 Months Ended
	Aug. 31, 2013USD ($)	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Description of Business
Number of principal business areas | item		4
Number of reportable segments | item		5
Number of sugar mills in Brazil | item		8
Proceeds from Divestiture of Businesses				$ 750
Principles of Consolidation
Maximum percentage ownership for interests reported as noncontrolling interests in subsidiaries		100.00%
Trade Accounts Receivable and Secured Advances to Suppliers
Deferred fees or costs related to secured advances to suppliers		$ 0
Imputed interest to be amortized		0
Additional interest income accrued		0
Research and Development
Research and development expenses		$ 16	$ 20	$ 19
Brazilian fertilizer business
Description of Business
Proceeds from Divestiture of Businesses	$ 750
Buildings | Minimum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life		10 years
Buildings | Maximum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life		50 years
Machinery and equipment | Minimum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life		7 years
Machinery and equipment | Maximum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life		25 years
Furniture, fixtures and other | Minimum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life		3 years
Furniture, fixtures and other | Maximum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life		20 years
Computer software | Minimum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life		3 years
Computer software | Maximum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life		10 years
Biological assets | Minimum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life		5 years
Biological assets | Maximum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life		6 years

BUSINESS ACQUISITIONS (DETAILS)

BUSINESS ACQUISITIONS (DETAILS) CAD in Millions, BRL in Millions, $ in Millions

Dec. 31, 2015USD ($)

Feb. 29, 2016

Jan. 31, 2016

Oct. 31, 2015BRL

Oct. 31, 2015USD ($)

Jul. 31, 2015CAD

Jul. 31, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)item

Nov. 30, 2014USD ($)

Feb. 28, 2014USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Apr. 30, 2015

Cost of acquired entity

Payments to acquire business, net of cash acquired

$ 347

$ 39

$ 355

Proceeds from the sale of Canadian grain assets

750

Gain on divestiture pre-tax

47

Purchase price allocation

Goodwill

$ 418

418

349

392

Province of Quebec, Canada

Cost of acquired entity

Proceeds from the sale of Canadian grain assets

$ 54

Certain working capital disposed

34

Grain business in Canada

Cost of acquired entity

Proceeds from the sale of Canadian grain assets

88

Forecast

Cost of acquired entity

Ownership percentage in equity method investee

25.00%

Ownership percentage to be sold

10.00%

G3

Cost of acquired entity

Ownership percentage in equity method investee

35.00%

G3 | Forecast

Cost of acquired entity

Ownership percentage in equity method investee

25.00%

Ownership percentage to be sold

10.00%

Agribusiness

Purchase price allocation

Goodwill

$ 121

$ 121

$ 153

$ 174

Agribusiness | G3

Cost of acquired entity

Ownership percentage in equity method investee

51.00%

51.00%

Heartland Harvest, Inc.

Cost of acquired entity

Number of manufacturing facilities | item

1

Moinho Pacifico | Bunge Alimentos S .A.

Cost of acquired entity

Interest acquired (as a percent)

100.00%

Purchase price

BRL 1,087

$ 282

Payments to acquire business, net of cash acquired

265

Consideration paid through agreed upon purchase price adjustment

17

Purchase price allocation

Property, plant and equipment

41

Goodwill

132

Inventories

10

Finite-lived intangible assets

89

Other net assets

10

WHF

Cost of acquired entity

Purchase price

27

Purchase price paid in cash

25

Consideration transferred through working capital adjustment

2

Purchase price allocation

Property, plant and equipment

4

Goodwill

6

Inventories

2

Finite-lived intangible assets

$ 15

Spain biodiesel entity

Cost of acquired entity

Interest acquired (as a percent)

80.00%

Purchase price

$ 7

Purchase price allocation

Non-settlement of loan and other receivables

3

Property, plant and equipment

7

Goodwill

$ 2

Spain biodiesel entity | Agribusiness

Cost of acquired entity

Ownership percentage in equity method investee

20.00%

G3

Cost of acquired entity

Ownership percentage in equity method investee

51.00%

Contributed capital

130

G3 | SALIC

Cost of acquired entity

Contributed capital

126

Consideration in the form of convertible debt

$ 115

CWB | G3

Cost of acquired entity

Interest acquired (as a percent)

61.00%

61.00%

Purchase price

$ 266

CAD 368

Heartland Harvest, Inc.

Cost of acquired entity

Purchase price

$ 47

Purchase price paid in cash

40

Purchase price allocation

Debt Acquired

7

Property, plant and equipment

18

Goodwill

9

Inventories

2

Finite-lived intangible assets

$ 18

Puerto General San Martin

Cost of acquired entity

Purchase price allocated to assets

$ 24

Puerto General San Martin | Terminal de Fertilizantes Argentinos SA

Cost of acquired entity

Purchase price paid in cash

$ 24

Terminal de Fertilizantes Argentinos SA

Cost of acquired entity

Interest acquired (as a percent)

75.00%

Corn Flour Producers LLC (CFP)

Cost of acquired entity

Purchase price paid in cash

$ 12

Purchase price allocation

Property, plant and equipment

$ 12

DISCONTINUED OPERATIONS AND B63

DISCONTINUED OPERATIONS AND BUSINESS DIVESTITURES (DETAILS) - USD ($) $ in Millions	Aug. 08, 2013	Aug. 31, 2013	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Proceeds from the sale of Brazilian fertilizer distribution business													$ 750
Gain on divestiture pre-tax											$ 47
Gain on divestiture, net of tax													112
Results from discontinued operations
Income (loss) from discontinued operations, net of tax			$ (1)	$ 21	$ 1	$ 14	$ (5)	$ 27	$ 15	$ (5)	$ 35	$ 32	97
Brazilian fertilizer business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Proceeds from the sale of Brazilian fertilizer distribution business		$ 750
Gain on divestiture, net of tax	$ 112
Brazilian fertilizer business | Discontinued operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Selling price for the sale of Brazilian fertilizer distribution business		750
Proceeds from the sale of Brazilian fertilizer distribution business		750
Gain on divestiture pre-tax		148
Gain on divestiture, net of tax		112
Transaction costs incurred in connection with the divestiture		7
Cumulative translation adjustment in connection with the divestiture		$ 41
Results from discontinued operations
Net sales													1,217
Cost of goods sold													(1,138)
Gross profit													79
Selling, general and administrative expenses													(64)
Interest income													14
Interest expense													(9)
Foreign exchange gain (loss)													(7)
Other income (expenses)-net													(12)
Gain on sale of Brazilian fertilizer business													148
Income (loss) from discontinued operations before income tax													149
Income tax (expense) benefit													(52)
Income (loss) from discontinued operations, net of tax													$ 97

TRADE STRUCTURED FINANCE PROG64

TRADE STRUCTURED FINANCE PROGRAM (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Trade structured finance program
Weighted-average interest rate of time deposits (as a percent)	2.21%	4.33%
Letter of Credit Obligations under Trade Structured Finance Program Carrying Amounts	$ 325	$ 1,343
Total net proceeds from issuances of LCs	5,563	7,058	$ 11,288
Time deposits, LCs, foreign exchange contracts presented net in the balance sheet
Trade structured finance program
Face value of time deposits, LCs, and foreign exchange contracts	3,394	3,630
Level 2
Trade structured finance program
Time Deposits under Trade Structured Finance Program Fair Values	325	1,343
Letter of Credit Obligations under Trade Structured Finance Program Fair Values	323	1,353
Foreign Exchange Contract related to Trade Structured Finance Program Fair Values	$ (2)	$ 10

INVENTORIES (DETAILS)

INVENTORIES (DETAILS) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Inventories
Inventories	$ 4,466	$ 5,554
Agribusiness
Inventories
Inventories	3,533	4,273
Readily marketable inventories at fair value	3,393	4,125
Agribusiness | Merchandising Activities
Inventories
Readily marketable inventories at fair value	2,513	2,937
Edible Oil Products
Inventories
Inventories	356	411
Readily marketable inventories at fair value	110	127
Milling Products
Inventories
Inventories	164	198
Sugar and Bioenergy
Inventories
Inventories	350	602
Readily marketable inventories at fair value	163	157
Fertilizer
Inventories
Inventories	$ 63	$ 70

OTHER CURRENT ASSETS (DETAILS)

OTHER CURRENT ASSETS (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Current Assets:
Prepaid commodity purchase contracts	$ 287	$ 153
Secured advances to suppliers, net	521	520
Unrealized gains on derivative contracts, at fair value	1,456	1,569
Recoverable taxes, net	364	349
Margin deposits	467	323
Marketable securities, at fair value and other short-term investments	234	230
Deferred purchase price receivable, at fair value	79	78
Prepaid expenses	132	183
Other	359	400
Total	3,899	3,805
Allowance on secured advance to farmers	2	2
Reduction of allowance for recoveries		7
Secured advances to suppliers reclassified to long-term		8
Interest earned on secured advances to suppliers	$ 38	$ 37	$ 32

OTHER CURRENT ASSETS - MARKETAB

OTHER CURRENT ASSETS - MARKETABLE SECURITIES AND OTHER SHORT-TERM INVESTMENTS (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	$ 234	$ 230
Held-to-maturity	76	120
Trading	$ 158	110
Maximum maturity period	12 months
Trading securities net gain	$ 6	3
Foreign government securities
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	61	137
Corporate debt securities
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	92	25
Certificate of deposits/time deposits
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	55	46
Other
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	$ 26	$ 22

PROPERTY, PLANT AND EQUIPMENT68

PROPERTY, PLANT AND EQUIPMENT (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment
Property, plant and equipment, gross	$ 7,558	$ 8,625
Less: accumulated depreciation and depletion	(3,543)	(3,758)
Property, Plant and Equipment, Net, Total	4,736	5,626
Capitalized expenditures	592	846	$ 1,001
Capitalized interest on construction in progress	7	6	4
Depreciation and depletion	518	576	$ 524
Land
Property, Plant and Equipment
Property, plant and equipment, gross	339	374
Biological assets
Property, Plant and Equipment
Property, plant and equipment, gross	454	569
Buildings
Property, Plant and Equipment
Property, plant and equipment, gross	1,840	2,138
Machinery and equipment
Property, Plant and Equipment
Property, plant and equipment, gross	4,488	5,129
Furniture, fixtures and other
Property, Plant and Equipment
Property, plant and equipment, gross	437	415
Construction in progress
Property, Plant and Equipment
Property, plant and equipment, gross	$ 721	$ 759

GOODWILL (DETAILS)

GOODWILL (DETAILS) - USD ($) $ in Millions	Oct. 01, 2015	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill
Goodwill, gross at beginning of period			$ 868	$ 909
Accumulated impairment losses		$ (532)	(532)	(519)	$ (517)
Goodwill acquired			149	6
Impairment			(13)	(2)
Tax benefit on goodwill amortization			(3)	(5)
Foreign exchange translation			(64)	(42)
Goodwill, gross at end of period		950	950	868
Goodwill at end of year		418	418	349	392
Goodwill determined impaired (as a percent)	100.00%
Tomato products company in Brazil
Goodwill
Impairment		13	(13)
Subsidiaries | Brazil
Goodwill
Goodwill after Utilizing Tax Benefits Attributable to Excess Tax			0
Reduced other intangible assets after utilizing tax benefits attributable to the excess tax			0
Agribusiness
Goodwill
Goodwill, gross at beginning of period			155	174
Accumulated impairment losses		(2)	(2)	(2)
Goodwill acquired			2
Impairment				(2)
Tax benefit on goodwill amortization			(3)	(5)
Foreign exchange translation			(31)	(14)
Goodwill, gross at end of period		123	123	155
Goodwill at end of year		121	121	153	174
Sugar and Bioenergy
Goodwill
Goodwill, gross at beginning of period			514	514
Accumulated impairment losses		(514)	(514)	(514)	(514)
Goodwill, gross at end of period		514	514	514
Edible Oil Products
Goodwill
Goodwill, gross at beginning of period			86	99
Accumulated impairment losses		(13)	(13)
Goodwill acquired			6
Impairment			(13)
Foreign exchange translation			(14)	(13)
Goodwill, gross at end of period		78	78	86
Goodwill at end of year		65	65	86	99
Milling Products
Goodwill
Goodwill, gross at beginning of period			111	120
Accumulated impairment losses		(3)	(3)	(3)	(3)
Goodwill acquired			141	6
Foreign exchange translation			(18)	(15)
Goodwill, gross at end of period		234	234	111
Goodwill at end of year		231	231	108	117
Fertilizer
Goodwill
Goodwill, gross at beginning of period			2	2
Goodwill acquired				0
Foreign exchange translation			(1)
Goodwill, gross at end of period		1	1	2
Goodwill at end of year		$ 1	$ 1	$ 2	$ 2

OTHER INTANGIBLE ASSETS (DETAIL

OTHER INTANGIBLE ASSETS (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Intangible Assets, Net
Finite-lived intangible assets, gross	$ 499	$ 452
Less accumulated amortization	(173)	(196)
Intangible Assets, Net (Excluding Goodwill), Total	326	256
Aggregate amortization expense	27	32	$ 44
Estimated future aggregate amortization expense, year one	30
Estimated future aggregate amortization expense, year two	30
Estimated future aggregate amortization expense, year three	30
Estimated future aggregate amortization expense, year four	30
Estimated future aggregate amortization expense, year five	30
Subsidiaries | Brazil
Other Intangible Assets, Net
Reduced goodwill after utilizing tax benefits attributable to the excess tax	0
Reduced other intangible assets after utilizing tax benefits attributable to the excess tax	$ 0
Minimum
Other Intangible Assets, Net
Weighted-average amortization period	10 years
Maximum
Other Intangible Assets, Net
Weighted-average amortization period	27 years
Milling Products
Other Intangible Assets, Net
Finite-lived intangible assets acquired	$ 111
Edible Oil Products
Other Intangible Assets, Net
Finite-lived intangible assets acquired	15
Agribusiness
Other Intangible Assets, Net
Finite-lived intangible assets acquired	2
Trademarks/brands
Other Intangible Assets, Net
Finite-lived intangible assets, gross	144	192
Less accumulated amortization	(53)	(70)
Licenses
Other Intangible Assets, Net
Finite-lived intangible assets, gross	11	11
Less accumulated amortization	(6)	(5)
Port rights
Other Intangible Assets, Net
Finite-lived intangible assets, gross	124	60
Less accumulated amortization	(16)	(16)
Finite-lived intangible assets acquired	73
Other
Other Intangible Assets, Net
Finite-lived intangible assets, gross	220	189
Less accumulated amortization	(98)	(105)
Finite-lived intangible assets acquired	55
Customer lists
Other Intangible Assets, Net
Finite-lived intangible assets acquired	$ 36
Developed technology | Agribusiness
Other Intangible Assets, Net
Finite-lived intangible assets acquired		$ 2
Patents
Other Intangible Assets, Net
Weighted-average amortization period		10 years

IMPAIRMENTS - CHARGES (DETAILS)

IMPAIRMENTS - CHARGES (DETAILS) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Impairments
Pre-tax, impairment charge		$ 57	$ 130	$ 35
Pre tax Goodwill impairment charge		13	2
Investment in affiliates impairment losses		(14)	(5)
Cost of goods sold.
Impairments
Pre-tax, impairment charge		15	103	21
Selling, general and administrative costs
Impairments
Pre-tax, impairment charge		14	18	4
Goodwill Impairment
Impairments
Pre-tax, impairment charge		13
Other income (expense) - net
Impairments
Pre-tax, impairment charge				10
Oil packaging plant in the United States
Impairments
Impairment of several agricultural, industrial assets and other fixed assets		15
Tomato products company in Brazil
Impairments
Pre tax Goodwill impairment charge	$ (13)	13
Freight shipping company in Europe
Impairments
Investment in affiliates impairment losses		(14)
Biodiesel facilities in Europe
Impairments
Investment in affiliates impairment losses			(5)
Agribusiness assets in Brazil
Impairments
Pre-tax, impairment charge			(2)
Sugar and Bioenergy
Impairments
Impairment of several agricultural, industrial assets and other fixed assets				$ 24
Sugar and Bioenergy | Sugarcane milling assets in Brazil
Impairments
Impairment of several agricultural, industrial assets and other fixed assets			114
Agribusiness
Impairments
Pre-tax, impairment charge		$ 14
Pre tax Goodwill impairment charge			$ 2

IMPAIRMENTS - NONRECURRING FAIR

IMPAIRMENTS - NONRECURRING FAIR VALUE MEASUREMENTS (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Impairment Losses
Property, plant and equipment, impairment losses	$ (15)	$ (103)	$ (22)
Goodwill impairment	(13)	(2)
Investment in affiliates impairment losses	(14)	(5)
Non-current assets held for sale impairment losses		(13)	(2)
Level 3 | Non-recurring fair value measurements
Carrying Value / Fair Value
Property, plant and equipment	12	165	4
Investment in affiliates	3	17
Non-current assets held for sale		33	1
Carrying Value
Carrying Value / Fair Value
Property, plant and equipment	12	165	4
Investment in affiliates	$ 3	17
Non-current assets held for sale		$ 33	$ 1

INVESTMENTS IN AFFILIATES (DETA

INVESTMENTS IN AFFILIATES (DETAILS)	Feb. 29, 2016	Dec. 31, 2015	Apr. 30, 2012
PT Bumiraya Investindo | Agribusiness
Investments in Affiliates
Ownership percentage in equity method investee		35.00%
G3
Investments in Affiliates
Ownership percentage in equity method investee	35.00%
G3 | Agribusiness
Investments in Affiliates
Ownership percentage in equity method investee		51.00%
Bunge-SCF Grain, LLC | Agribusiness
Investments in Affiliates
Ownership percentage in equity method investee		50.00%
Caiasa - Complejo Agroindustrial Angostura S.A | Agribusiness
Investments in Affiliates
Ownership percentage in equity method investee		33.33%
T6 port facility | Agribusiness
Investments in Affiliates
Ownership percentage in equity method investee		40.00%
T6 Industrial crushing facility | Agribusiness
Investments in Affiliates
Ownership percentage in equity method investee		50.00%
Solazyme | Sugar and Bioenergy
Investments in Affiliates
Ownership percentage in equity method investee		49.90%	49.90%
ProMaiz | Sugar and Bioenergy
Investments in Affiliates
Ownership percentage in equity method investee		50.00%
Southwest Iowa Renewable Energy, LLC | Sugar and Bioenergy
Investments in Affiliates
Ownership percentage in equity method investee		25.00%

OTHER NON-CURRENT ASSETS - COMP

OTHER NON-CURRENT ASSETS - COMPOSITION (DETAILS) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
OTHER NON-CURRENT ASSETS
Recoverable taxes, net	$ 133	$ 337
Judicial deposits	119	159
Other long-term receivables	23	40
Income taxes receivable	195	188
Long-term investments	49	263
Affiliate loans receivable, net	15	18
Long-term receivables from farmers in Brazil, net	117	102
Other	129	154
Total	780	1,261
Allowance for recoverable taxes	$ 20	$ 31

OTHER NON-CURRENT ASSETS - RECE

OTHER NON-CURRENT ASSETS - RECEIVABLES FROM FARMERS IN BRAZIL (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Affiliate loans receivable, net
Minimum initial maturity of affiliate loans receivable	1 year
Recorded Investment
For which no allowance has been provided:	$ 117	$ 102
Long-term receivables
Recorded Investment
Long-term receivables from farmers in Brazil	217	255
Average recorded investment in long-term receivables	214	289
Allowance	100	153	$ 196
Long-term receivables | Legal collection processes
Recorded Investment
Long-term receivables from farmers in Brazil	119	179
For which an allowance has been provided:	78	164
For which no allowance has been provided:	41	15
Allowance	69	103
Long-term receivables | Renegotiated amounts
Recorded Investment
Long-term receivables from farmers in Brazil	58	76
For which an allowance has been provided:	37	65
For which no allowance has been provided:	21	11
Allowance	31	50
Long-term receivables | Other long-term receivables
Recorded Investment
Long-term receivables from farmers in Brazil	40
For which no allowance has been provided:	40
Assets management business | Level 3
Long-term investment
Consolidated funds' investments	$ 0	$ 208
Brazil | Minimum
Aging of non-defaulted and renegotiated amounts
Period of realization	5 years

OTHER NON-CURRENT ASSETS - ALLO

OTHER NON-CURRENT ASSETS - ALLOWANCE FOR DOUBTFUL ACCOUNTS (DETAILS) - Long-term receivables - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Allowance for Doubtful Accounts Related to Long Term Receivables
Beginning balance	$ 153	$ 196
Bad debt provisions	11	11
Recoveries	(20)	(23)
Write-offs	(2)	(22)
Transfers (1)	5	10
Foreign exchange translation	(47)	(19)
Ending balance	$ 100	$ 153

OTHER CURRENT LIABILITIES (DETA

OTHER CURRENT LIABILITIES (DETAILS) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
OTHER CURRENT LIABILITIES
Accrued liabilities	$ 688	$ 769
Unrealized losses on derivative contracts at fair value	1,471	1,629
Advances on sales	371	392
Other	233	279
Total	$ 2,763	$ 3,069

INCOME TAXES - COMPONENTS (DETA

INCOME TAXES - COMPONENTS (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Components of Income From Operations Before Income Tax
United States	$ 207	$ 315	$ 179
Non-United States	844	419	835
Total	1,051	734	1,014
Current:
United States	(35)	(93)	(33)
Non-United States	(245)	(246)	(411)
Total	(280)	(339)	(444)
Deferred:
United States	(36)	(20)	(18)
Non-United States	20	110	(442)
Total	(16)	90	(460)
Income tax (expense) benefit	(296)	(249)	(904)
Uncertain tax benefits	$ 14	$ (6)	$ 32

INCOME TAXES - INCOME TAX RATE

INCOME TAXES - INCOME TAX RATE RECONCILIATION (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Income Tax (Expense) Benefit
Income from operations before income tax	$ 1,051	$ 734	$ 1,014
Income tax rate (as a percent)	35.00%	35.00%	35.00%
Income tax expense at the U.S. Federal tax rate	$ (368)	$ (257)	$ (355)
Adjustments to derive effective tax rate:
Foreign earnings taxed at different statutory rates	16	37	30
Valuation allowances	(44)	(112)	(642)
Fiscal incentives	41	41	48
Foreign exchange on monetary items	5	24	(13)
Tax rate changes	(1)	(4)	(5)
Non-deductible expenses	(16)	(38)	(44)
Uncertain tax positions	14	(6)	(32)
Deferred balance adjustments	8	(25)	(52)
Equity distributions	64	32	60
Foreign income taxed in Brazil		93	136
Other	(15)	(34)	(35)
Income tax (expense) benefit	$ (296)	$ (249)	$ (904)

INCOME TAXES -DEFERRED TAX ASSE

INCOME TAXES -DEFERRED TAX ASSETS AND LIABILITIES (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Deferred income tax assets:
Net operating loss carryforwards	$ 923	$ 1,125
Property, plant and equipment	181	250
Employee benefits	89	100
Tax credit carryforwards	8	9
Inventories	23	34
Intangibles	106	153
Accrued expenses and other	595	629
Total deferred income tax assets	1,925	2,300
Less valuation allowances	(798)	(1,078)
Deferred income tax assets, net of valuation allowance	1,127	1,222
Deferred income tax liabilities:
Property, plant and equipment	392	409
Undistributed earnings of affiliates not considered permanently reinvested	11	10
Intangibles	86	112
Investments	38	40
Inventories	27	27
Accrued expenses and other	217	101
Total deferred income tax liabilities	771	699
Net deferred income tax assets	356	523
Deferred tax liability related to unremitted earnings not considered indefinitely reinvested	11	$ 10
Foreign unremitted earnings indefinitely reinvested	902
Pre-tax loss carryforwards	3,235
Indefinite-lived loss carryforwards	2,269
Adjustment of deferred tax assets valuation allowance	(280)
Brazil
Deferred income tax liabilities:
Indefinite-lived loss carryforwards	$ 1,472
Maximum percentage of annual utilization of carryforward of loss	30.00%
Minimum | Brazil
Deferred income tax liabilities:
Period of realization loss carryforwards	5 years

INCOME TAXES - UNCERTAIN TAX PO

INCOME TAXES - UNCERTAIN TAX POSITIONS (DETAILS) BRL in Millions, ARS in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2015BRL	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2015ARS	Dec. 31, 2015BRL	Dec. 31, 2015USD ($)
Income Tax Examination
Uncertain tax positions, non-current			$ 81				$ 63
Uncertain tax positions, current			2				1
Interest and penalty (expense) benefit		$ 1	16	$ 10
Accrued interest and penalties			26				26
Reconciliation of Unrecognized Tax Benefits
Balance at the beginning of the period		72	151	104
Additions based on tax positions related to the current year		6	9	5
Additions based on acquisitions		10		17
Additions based on tax positions related to prior years		1	16	48
Reductions for tax positions of prior years		(14)	(12)	(1)
Settlement or clarification from tax authorities		(6)	(79)
Expiration of statute of limitations		(5)	(1)	(21)
Foreign currency translation		(13)	(12)	(1)
Balance at the end of the period		51	72	151
Unrecognized tax benefits, recognized by the end of 2015							10
Cash income tax payments		271	$ 303	$ 156
Brazil | Income tax examination years 2008 to 2012
Reconciliation of Unrecognized Tax Benefits
Balance at the end of the period	BRL 23	$ 6
Total proposed adjustments						BRL 3,494	895
Argentina | Income tax examination 2006 to 2009
Reconciliation of Unrecognized Tax Benefits
Total proposed adjustments					ARS 1,381		105
Accrued interest					ARS 3,089		$ 237

FINANCIAL INSTRUMENTS AND FAI82

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - ASSETS AND LIABILITIES AT FAIR VALUE (DETAILS) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Assets:
Unrealized gain on undesignated derivative contracts	$ 1,456	$ 1,569
Deferred purchase price receivable	79	78
Liabilities:
Unrealized loss on designated derivative contracts	1,471	1,629
Other non-current assets.
Unrealized gains (losses) on designated and undesignated derivative contracts
Unrealized gains (losses) on derivative contracts	0	0
Other non-current liabilities
Unrealized gains (losses) on designated and undesignated derivative contracts
Unrealized gains (losses) on derivative contracts	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 1
Assets:
Other	68	55
Total assets	401	643
Liabilities:
Total liabilities	490	582
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Foreign Exchange
Assets:
Unrealized gain on undesignated derivative contracts	9	5
Liabilities:
Unrealized loss on designated derivative contracts	1	12
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Commodities
Assets:
Unrealized gain on undesignated derivative contracts	252	486
Liabilities:
Unrealized loss on designated derivative contracts	402	426
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Freight
Assets:
Unrealized gain on undesignated derivative contracts	65	62
Liabilities:
Unrealized loss on designated derivative contracts	56	64
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Energy
Assets:
Unrealized gain on undesignated derivative contracts	7	35
Liabilities:
Unrealized loss on designated derivative contracts	31	80
Assets and liabilities measured at fair value on a recurring basis | Level 2
Assets:
Readily marketable inventories	3,421	4,154
Trade accounts receivable	6	23
Deferred purchase price receivable	79	78
Other	176	218
Total assets	4,584	5,384
Liabilities:
Trade accounts payable	399	359
Total liabilities	1,326	1,334
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Interest rate
Liabilities:
Unrealized loss on designated derivative contracts	3
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Foreign Exchange
Assets:
Unrealized gain on undesignated derivative contracts	30	10
Liabilities:
Unrealized loss on designated derivative contracts	15	17
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Foreign Exchange
Assets:
Unrealized gain on undesignated derivative contracts	176	361
Liabilities:
Unrealized loss on designated derivative contracts	605	525
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Commodities
Assets:
Unrealized gain on undesignated derivative contracts	696	538
Liabilities:
Unrealized loss on designated derivative contracts	304	432
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Freight
Assets:
Unrealized gain on undesignated derivative contracts		2
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Energy
Liabilities:
Unrealized loss on designated derivative contracts		1
Assets and liabilities measured at fair value on a recurring basis | Level 3
Assets:
Readily marketable inventories	245	255
Total assets	466	325
Liabilities:
Trade accounts payable	44	33
Total liabilities	98	105
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Commodities
Assets:
Unrealized gain on undesignated derivative contracts	220	68
Liabilities:
Unrealized loss on designated derivative contracts	52	59
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Freight
Liabilities:
Unrealized loss on designated derivative contracts		3
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Energy
Assets:
Unrealized gain on undesignated derivative contracts	1	2
Liabilities:
Unrealized loss on designated derivative contracts	2	10
Fair value | Assets and liabilities measured at fair value on a recurring basis
Assets:
Readily marketable inventories	3,666	4,409
Trade accounts receivable	6	23
Deferred purchase price receivable	79	78
Other	244	273
Total assets	5,451	6,352
Liabilities:
Trade accounts payable	443	392
Total liabilities	1,914	2,021
Trade accounts receivable related to certain delivered inventory accounted for at prices that fluctuate based on changes in commodity prices and for which no payments had been received	6	23
Trade accounts payable related to certain delivered inventory accounted for at prices that fluctuate based on changes in commodity prices and for which no payments had been made	443	392
Fair value | Assets and liabilities measured at fair value on a recurring basis | Designated derivative contracts | Interest rate
Liabilities:
Unrealized loss on designated derivative contracts	3
Fair value | Assets and liabilities measured at fair value on a recurring basis | Designated derivative contracts | Foreign Exchange
Assets:
Unrealized gain on undesignated derivative contracts	30	10
Liabilities:
Unrealized loss on designated derivative contracts	15	17
Fair value | Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Foreign Exchange
Assets:
Unrealized gain on undesignated derivative contracts	185	366
Liabilities:
Unrealized loss on designated derivative contracts	606	537
Fair value | Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Commodities
Assets:
Unrealized gain on undesignated derivative contracts	1,168	1,092
Liabilities:
Unrealized loss on designated derivative contracts	758	917
Fair value | Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Freight
Assets:
Unrealized gain on undesignated derivative contracts	65	64
Liabilities:
Unrealized loss on designated derivative contracts	56	67
Fair value | Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Energy
Assets:
Unrealized gain on undesignated derivative contracts	8	37
Liabilities:
Unrealized loss on designated derivative contracts	$ 33	$ 91

FINANCIAL INSTRUMENTS AND FAI83

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - RECONCILIATION FOR ASSETS AND LIABILITIES MEASURE AT FAIR VALUE USING LEVEL 3 (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period	$ 220	$ 243
Total gains and (losses) realized/unrealized included in cost of goods sold	518	165
Purchases	1,318	2,105
Sales	(1,982)	(2,627)
Issuances	(328)	(381)
Settlements	391	322
Transfers into Level 3	646	703
Transfers out of Level 3	(415)	(310)
Balance at end of period	368	220
Cost of goods sold.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
Changes in unrealized gains and (losses) relating to assets and liabilities	22	(8)
Derivatives, net
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period	(2)	20
Total gains and (losses) realized/unrealized included in cost of goods sold	389	92
Purchases	1	6
Issuances	(1)	19
Settlements	(219)	(206)
Transfers into Level 3	5	27
Transfers out of Level 3	(6)	40
Balance at end of period	167	(2)
Derivatives, net | Cost of goods sold.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
Changes in unrealized gains and (losses) relating to assets and liabilities	37	25
Readily Marketable Inventories
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period	255	298
Total gains and (losses) realized/unrealized included in cost of goods sold	135	75
Purchases	1,329	2,104
Sales	(1,982)	(2,635)
Transfers into Level 3	845	687
Transfers out of Level 3	(337)	(274)
Balance at end of period	245	255
Readily Marketable Inventories | Cost of goods sold.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
Changes in unrealized gains and (losses) relating to assets and liabilities	(13)	(33)
Trade Accounts Receivable/Payable, Net
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period	(33)	(75)
Total gains and (losses) realized/unrealized included in cost of goods sold	(6)	(2)
Purchases	(12)	(5)
Sales		8
Issuances	(327)	(400)
Settlements	610	528
Transfers into Level 3	(204)	(11)
Transfers out of Level 3	(72)	(76)
Balance at end of period	(44)	$ (33)
Trade Accounts Receivable/Payable, Net | Cost of goods sold.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
Changes in unrealized gains and (losses) relating to assets and liabilities	$ (2)

FINANCIAL INSTRUMENTS AND FAI84

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - DERIVATIVE POSITIONS (DETAILS) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)itemMMBTUtT	Dec. 31, 2014USD ($)
Commodities
Derivative
Maximum period of commodity contracts for sale of agricultural commodity	1 year
Designated derivative contracts | Freight
Derivative
Notional amounts of open foreign exchange positions | $	$ 0	$ 0
3.50% unsecured senior notes due 2020 | Interest rate
Derivative
Notional Amount of Hedged Obligation | $	500
Notional Amount of Derivative | $	$ 500
Receive rate (as a percent)	3.50%
3.50% unsecured senior notes due 2020 | LIBOR | Interest rate
Derivative
Debt instrument, interest rate added to variable base rate (as a percent)	1.91%
Exchange Traded | Foreign Exchange | Futures | Long
Derivative
Notional amounts of open foreign exchange positions | $	$ 118
Exchange Traded | Commodities | Futures | Short
Derivative
Nonmonetary notional amount of derivatives | t	3,022,004
Exchange Traded | Commodities | Options | Long
Derivative
Nonmonetary notional amount of derivatives | t	485,191
Exchange Traded | Natural Gas | Futures | Long
Derivative
Nonmonetary notional amount of derivatives | MMBTU	14,192,000
Exchange Traded | Energy - other | Futures | Short
Derivative
Nonmonetary notional amount of derivatives | t	29,882
Exchange Traded | Energy - other | Options | Long
Derivative
Nonmonetary notional amount of derivatives | t	3,149
Exchange Traded | Energy - other | Swaps | Long
Derivative
Nonmonetary notional amount of derivatives | t	224,100
Non-exchange Traded | Foreign Exchange | Options | Short
Derivative
Delta amount of open foreign exchange positions | $	$ 123
Non-exchange Traded | Foreign Exchange | Options | Long
Derivative
Delta amount of open foreign exchange positions | $	120
Non-exchange Traded | Foreign Exchange | Forwards | Short
Derivative
Notional amounts of open foreign exchange positions | $	13,280
Non-exchange Traded | Foreign Exchange | Forwards | Long
Derivative
Notional amounts of open foreign exchange positions | $	8,381
Non-exchange Traded | Foreign Exchange | Swaps | Short
Derivative
Notional amounts of open foreign exchange positions | $	812
Non-exchange Traded | Foreign Exchange | Swaps | Long
Derivative
Notional amounts of open foreign exchange positions | $	$ 67
Non-exchange Traded | Commodities | Options | Short
Derivative
Nonmonetary notional amount of derivatives | t	12,383
Non-exchange Traded | Commodities | Forwards | Short
Derivative
Nonmonetary notional amount of derivatives | t	33,613,560
Non-exchange Traded | Commodities | Forwards | Long
Derivative
Nonmonetary notional amount of derivatives | t	26,745,000
Non-exchange Traded | Commodities | Swaps | Short
Derivative
Nonmonetary notional amount of derivatives | T	5,960,885
Non-exchange Traded | Commodities | Swaps | Long
Derivative
Nonmonetary notional amount of derivatives | t	892,262
Exchange Cleared | Freight | Options | Short
Derivative
Nonmonetary notional amount of derivatives | item	66
Exchange Cleared | Freight | Forwards | Long
Derivative
Nonmonetary notional amount of derivatives | item	2,120
Non Exchange Cleared | Natural Gas | Swaps | Short
Derivative
Nonmonetary notional amount of derivatives | MMBTU	1,640,500
Non Exchange Cleared | Natural Gas | Swaps | Long
Derivative
Nonmonetary notional amount of derivatives | MMBTU	2,797,393
Non Exchange Cleared | Energy - other | Forwards | Long
Derivative
Nonmonetary notional amount of derivatives | t	7,108,552

FINANCIAL INSTRUMENTS AND FAI85

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - EFFECT OF DERIVATIVE INSTRUMENTS (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss)
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	$ 119	$ (168)
Interest rate agreements | Interest income/Interest expense
Derivative Instruments, Gain (Loss)
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts		(8)
Interest rate agreements | Other income (expenses)-net
Derivative Instruments, Gain (Loss)
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	(2)
Foreign Exchange | Foreign exchange gains (losses)
Derivative Instruments, Gain (Loss)
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	(302)	(124)
Summary of Cash Flow and Net Investment Hedges
Gain (loss) recognized in income which relates to the ineffective portion of the hedging relationships	0	0
Amount of gain or (loss) excluded from the assessment of hedge effectiveness	0	0
Foreign Exchange | Cost of goods sold.
Derivative Instruments, Gain (Loss)
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	(620)	91
Commodities | Cost of goods sold.
Derivative Instruments, Gain (Loss)
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	1,062	(71)
Freight | Cost of goods sold.
Derivative Instruments, Gain (Loss)
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	6	(4)
Energy | Cost of goods sold.
Derivative Instruments, Gain (Loss)
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	(25)	(52)
Cash flow hedges
Summary of Cash Flow and Net Investment Hedges
Notional Amount	238	384
Gain or (Loss) Recognized in Accumulated OCI	(76)	4
Gain or (Loss) Reclassified from Accumulated OCI into Income		9
Cash flow hedges | Foreign exchange gains (losses)
Summary of Cash Flow and Net Investment Hedges
Gain or (Loss) Reclassified from Accumulated OCI into Income	(76)
Cash flow hedges | Foreign Exchange
Summary of Cash Flow and Net Investment Hedges
Notional Amount	238	384
Gain or (Loss) Recognized in Accumulated OCI	(76)	4
Gain or (Loss) Reclassified from Accumulated OCI into Income		9
Gain(loss) expected to be reclassified from accumulated OCI into income in the next 12 months	76	4
Cash flow hedges | Foreign Exchange | Foreign exchange gains (losses)
Summary of Cash Flow and Net Investment Hedges
Gain or (Loss) Reclassified from Accumulated OCI into Income	(76)
Net investment hedges
Summary of Cash Flow and Net Investment Hedges
Notional Amount	1,878	579
Gain or (Loss) Recognized in Accumulated OCI	223	18
Net investment hedges | Foreign Exchange
Summary of Cash Flow and Net Investment Hedges
Notional Amount	1,878	579
Gain or (Loss) Recognized in Accumulated OCI	223	18
Gain(loss) expected to be reclassified from accumulated OCI into income in the next 12 months	$ 0	$ 0

SHORT-TERM DEBT AND CREDIT FA86

SHORT-TERM DEBT AND CREDIT FACILITIES (DETAILS) - USD ($) $ in Millions	Nov. 20, 2014	Nov. 17, 2011	Dec. 31, 2015	Dec. 31, 2014
Lines of Credit:
Short-term borrowings weighted-average interest rate (as a percent)			4.92%	4.33%
Short-term Debt			$ 648	$ 594
Secured
Lines of Credit:
Short-term Debt			$ 25	$ 25
Secured | Minimum
Lines of Credit:
Short-term line of credit percentage rate			2.33%	2.33%
Secured | Maximum
Lines of Credit:
Short-term line of credit percentage rate			9.75%	9.75%
Unsecured, fixed interest rate
Lines of Credit:
Short-term Debt			$ 76	$ 90
Unsecured, fixed interest rate | Minimum
Lines of Credit:
Short-term line of credit percentage rate			13.38%	13.38%
Unsecured, fixed interest rate | Maximum
Lines of Credit:
Short-term line of credit percentage rate			18.50%	18.50%
Unsecured, variable interest rate
Lines of Credit:
Short-term Debt			$ 547	$ 479
Unsecured, variable interest rate | Minimum
Lines of Credit:
Short-term line of credit percentage rate, variable			1.17%	1.17%
Unsecured, variable interest rate | Maximum
Lines of Credit:
Short-term line of credit percentage rate, variable			32.00%	32.00%
Unsecured Local Borrowings in High Interest Rate Jurisdictions
Lines of Credit:
Short-term borrowings weighted-average interest rate (as a percent)			16.06%	11.95%
Short-term Debt			$ 130	$ 155
2014 Liquidity facility
Lines of Credit:
Credit facility, borrowings outstanding			0	0
Maximum borrowing capacity	$ 600
Term of credit agreement	5 years
2011 Liquidity facility
Lines of Credit:
Maximum borrowing capacity		$ 600
Term of credit agreement		5 years
Commercial paper program
Lines of Credit:
Commercial paper, borrowing outstanding			0	0
Bilateral short-term credit line
Lines of Credit:
Short-term Debt			0	$ 50
Local bank lines of credit
Lines of Credit:
Short-term Debt			$ 626

LONG-TERM DEBT AND CREDIT FAC87

LONG-TERM DEBT AND CREDIT FACILITIES - OUTSTANDING (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Long-term debt obligations
Consolidated investment fund debt	$ 53	$ 195
Long-term debt, including current portion	3,803	3,263
Less: Current portion of long-term debt	(869)	(408)
Total long-term debt	2,934	2,855
Portion of nonrecourse investment fund debt at fair value	53	$ 195
Term loan due 2019-three-month Yen LIBOR plus 0.75% (Tranche A)
Long-term debt obligations
Long-term debt, including current portion	$ 237
Term loan due 2019-three-month Yen LIBOR plus 0.75% (Tranche A) | Yen LIBOR
Long-term debt obligations
Debt instrument, interest rate added to variable base rate (as a percent)	0.75%
Term loan due 2019-fixed Yen interest rate of 0.96% (Tranche B)
Long-term debt obligations
Fxied interest rate	0.96%
Long-term debt, including current portion	$ 50
Term loan due 2019-three-month LIBOR plus 1.30% (Tranche C)
Long-term debt obligations
Long-term debt, including current portion	$ 85
Term loan due 2019-three-month LIBOR plus 1.30% (Tranche C) | LIBOR
Long-term debt obligations
Debt instrument, interest rate added to variable base rate (as a percent)	1.30%
5.10% senior notes due 2015
Long-term debt obligations
Interest rate (as a percent)		5.10%
Long-term debt, including current portion		$ 382
4.10% senior notes due 2016
Long-term debt obligations
Interest rate (as a percent)	4.10%	4.10%
Long-term debt, including current portion	$ 500	$ 500
5.90% senior notes due 2017
Long-term debt obligations
Interest rate (as a percent)	5.90%	5.90%
Long-term debt, including current portion	$ 250	$ 250
3.20% senior notes due 2017
Long-term debt obligations
Interest rate (as a percent)	3.20%	3.20%
Long-term debt, including current portion	$ 600	$ 600
8.50% senior notes due 2019
Long-term debt obligations
Interest rate (as a percent)	8.50%	8.50%
Long-term debt, including current portion	$ 600	$ 600
3.50% Senior Notes due 2020
Long-term debt obligations
Long-term debt, including current portion	497
Other
Long-term debt obligations
Long-term debt, including current portion	179	198
Revolving credit facilities
Long-term debt obligations
Long-term debt, including current portion	$ 752	$ 538

LONG-TERM DEBT AND CREDIT FAC88

LONG-TERM DEBT AND CREDIT FACILITIES - FAIR VALUE (DETAILS) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Disclosures
Long-term debt, including current portion, Carrying Value	$ 3,803	$ 3,263
Long-term debt, including current portion, Fair Value	3,940	3,468
Level 2
Debt Disclosures
Long-term debt, including current portion, Fair Value	3,887	3,273
Level 3
Debt Disclosures
Long-term debt, including current portion, Fair Value	$ 53	$ 195

LONG-TERM DEBT AND CREDIT FAC89

LONG-TERM DEBT AND CREDIT FACILITIES - ACTIVITY (DETAILS) $ in Millions	Nov. 24, 2015USD ($)	Aug. 10, 2015USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Debt Issued
Long-term debt			$ 3,803	$ 3,263
Subsidiaries | Collateralized debt obligations
Debt Issued
Land, property, equipment and investments mortgaged, net carrying value			130
Long-term debt			58
Bunge Limited Finance Corp.
Debt Issued
Percentage of ownership interest	100.00%
3.50% unsecured senior notes due 2020
Debt Issued
Aggregate principal amount	$ 500
Interest rate (as a percent)	3.50%
Net proceeds	$ 496
Facility
Debt Issued
Maximum borrowing capacity		$ 1,750
Number of extensions in term of revolving credit facility the holder can seek | item		2
Extension period per extension		1 year
Commitment fee (as a percent)		35.00%
Increase in the total commitments under the revolving credit facility with the consent of the facility agent		$ 250
Credit facility, borrowings outstanding			277
Facility | Minimum
Debt Issued
Commitment fee (as a percent)		0.10%
Facility | Minimum | LIBOR
Debt Issued
Debt instrument, interest rate added to variable base rate (as a percent)		0.35%
Facility | Maximum
Debt Issued
Commitment fee (as a percent)		0.40%
Facility | Maximum | LIBOR
Debt Issued
Debt instrument, interest rate added to variable base rate (as a percent)		1.35%
Line of credit facility lender
Debt Issued
Debt instrument unused and available borrowing capacity amount			$ 4,263

LONG-TERM DEBT AND CREDIT FAC90

LONG-TERM DEBT AND CREDIT FACILITIES - PRINCIPAL MATURITIES (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Principal Maturities of Long-Term Debt
2,016	$ 869
2,017	937
2,018	461
2,019	1,000
2,020	511
Thereafter	24
Total	3,802
Interest paid, net of capitalization	227	$ 223	$ 330
Interest rate | Long-term debt
Principal Maturities of Long-Term Debt
Unamortized net gains of terminated agreement	4
Unamortized net losses of open agreement	$ 3

TRADE RECEIVABLES SECURITIZAT91

TRADE RECEIVABLES SECURITIZATION PROGRAM (DETAILS) - Bunge Securitization B.V. - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts Receivable Securitization Facilities Disclosures
Maximum funding under trade receivables securitization program	$ 700
Receivables sold under securitization facility derecognized during the period	524	$ 599
Proceeds received in cash from transfers of receivables to purchasers	10,396	12,030
Cash collections from customers on receivables previously sold	10,542	12,202
Sale of accounts receivable to securitization facility	10,601	12,179
Discount from sale of receivables	5	7	$ 7
Risk of loss related to sale of receivables	$ 79	$ 78
Payment term for receivables	30 days
Minimum
Accounts Receivable Securitization Facilities Disclosures
Percentage of receivables sold sale price whose collection is deferred	10.00%
Maximum
Accounts Receivable Securitization Facilities Disclosures
Percentage of receivables sold sale price whose collection is deferred	15.00%

EMPLOYEE BENEFIT PLANS - CHANGE

EMPLOYEE BENEFIT PLANS - CHANGES IN OBLIGATIONS, ASSETS AND FUNDED STATUS (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits
Change in benefit obligations:
Benefit obligation at the beginning of year	$ 906	$ 755
Service cost	35	30	$ 30
Interest cost	33	36	31
Plan curtailments	(6)
Actuarial (gain) loss, net	(54)	138
Employee contributions	6	4
Plan settlements	(6)	(2)
Benefits paid	(30)	(29)
Expenses paid	(3)	(3)
Impact of foreign exchange rates	(17)	(23)
Benefit obligation at the end of year	864	906	755
Change in plan assets:
Fair value of plan assets at the beginning of year	650	614
Actual return on plan assets	(3)	64
Employer contributions	90	19
Employee contributions	6	4
Plan settlements	(6)	(2)
Benefits paid	(30)	(29)
Expenses paid	(3)	(3)
Impact of foreign exchange rates	(15)	(17)
Fair value of plan assets at the end of year	689	650	614
Funded (unfunded) status and net amounts recognized:
Plan assets (less than) in excess of benefit obligation	(175)	(256)
Net (liability) asset recognized in the balance sheet	(175)	(256)
Amounts recognized in the balance sheet consist of:
Non-current assets	12	12
Current liabilities	(5)	(5)
Non-current liabilities	(182)	(263)
Net liability recognized	(175)	(256)
Postretirement Benefits
Change in benefit obligations:
Benefit obligation at the beginning of year	69	69
Interest cost	5	6	7
Plan curtailments		(3)
Actuarial (gain) loss, net	8	11
Employee contributions	1	1
Benefits paid	(8)	(8)
Impact of foreign exchange rates	(19)	(7)
Benefit obligation at the end of year	56	69	$ 69
Change in plan assets:
Employer contributions	7	7
Employee contributions	1	1
Benefits paid	(8)	(8)
Funded (unfunded) status and net amounts recognized:
Plan assets (less than) in excess of benefit obligation	(56)	(69)
Net (liability) asset recognized in the balance sheet	(56)	(69)
Amounts recognized in the balance sheet consist of:
Current liabilities	(6)	(7)
Non-current liabilities	(50)	(62)
Net liability recognized	$ (56)	$ (69)

EMPLOYEE BENEFIT PLANS - AMOUNT

EMPLOYEE BENEFIT PLANS - AMOUNTS IN ACCUMULATED OTHER COMPREHENSIVE INCOME (DETAILS) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Pension Benefits
Employee Benefit Plans
Unrecognized prior service credit	$ 5
Unrecognized prior service credit, net of tax	3
Unrecognized actuarial loss	182
Unrecognized actuarial gain (loss), net of tax	118
Prior service cost and unrecognized actuarial losses included in accumulated other comprehensive income that is expected to be recognized in net periodic benefit costs in 2016	10
Prior service cost and unrecognized actuarial losses included in accumulated other comprehensive income that is expected to be recognized in net periodic benefit costs in 2016, net of tax	6
Postretirement Benefits
Employee Benefit Plans
Unrecognized prior service credit	1
Unrecognized prior service credit, net of tax	1
Unrecognized actuarial loss	4
Unrecognized actuarial gain (loss), net of tax	$ 3

EMPLOYEE BENEFIT PLANS -PROJECT

EMPLOYEE BENEFIT PLANS -PROJECTED AND ACCUMULATED BENEFIT OBLIGATIONS (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits
Defined Benefit Pension Plans with Projected Benefit Obligations in Excess of Fair Value of Plan Assets
Projected benefit obligations	$ 864	$ 906	$ 755
Plans with projected benefit obligations	758	770
Excess of fair value of related plan assets	570	502
Accumulated benefit obligation	786	814
Information Relating to Aggregated Defined Benefit Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets
Projected benefit obligation	642	761
Accumulated benefit obligation	588	677
Fair value of plan assets	474	495
Postretirement Benefits
Defined Benefit Pension Plans with Projected Benefit Obligations in Excess of Fair Value of Plan Assets
Projected benefit obligations	$ 56	$ 69	$ 69
Information Relating to Aggregated Defined Benefit Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets
Annual rate of increase in the per capita cost of covered health care benefits assumed (as a percent)	8.10%	7.90%
Annual rate of decrease in the per capita cost of covered health care through 2029 and thereafter (as a percent)	7.40%	7.00%
One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
Effect of a one-percentage-point increase to postretirement benefit obligation	$ 4
Effect of a one-percentage-point decrease to postretirement benefit obligation	$ (3)

EMPLOYEE BENEFIT PLANS - PERIOD

EMPLOYEE BENEFIT PLANS - PERIODIC BENEFIT COSTS AND ASSUMPTIONS (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits
Net Periodic Benefit Costs:
Service cost	$ 35	$ 30	$ 30
Interest cost	33	36	31
Expected return on plan assets	(42)	(39)	(35)
Amortization of prior service cost	1	1	1
Amortization of net loss	12	4	19
Curtailment loss	1		1
Settlement loss recognized	1
Special termination benefit			3
Net periodic benefit costs	$ 41	$ 32	$ 50
Weighted-Average Assumptions to Determine Benefit Obligations
Discount rate (as a percent)	4.20%	3.80%
Increase in future compensation levels (as a percent)	3.30%	3.50%
Weighted-Average Assumptions to Determine the Net Periodic Benefit Cost
Discount rate (as a percent)	3.80%	4.90%	4.00%
Expected long-term rate of return on assets (as a percent)	6.70%	6.70%	6.60%
Increase in future compensation levels (as a percent)	3.50%	3.50%	3.70%
Postretirement Benefits
Net Periodic Benefit Costs:
Interest cost	$ 5	$ 6	$ 7
Amortization of net loss		(1)
Curtailment loss		(2)	(2)
Net periodic benefit costs	$ 5	$ 3	$ 5
Weighted-Average Assumptions to Determine Benefit Obligations
Discount rate (as a percent)	11.40%	9.80%
Weighted-Average Assumptions to Determine the Net Periodic Benefit Cost
Discount rate (as a percent)	9.80%	10.00%	7.90%

EMPLOYEE BENEFIT PLANS - PLAN A

EMPLOYEE BENEFIT PLANS - PLAN ASSETS AND FUTURE PAYMENTS (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Estimated Future Benefit Payments
Employee defined contribution plans	$ 11	$ 12	$ 12
Pension Benefits
Target Asset Allocation
Fair value of plan assets	689	650	$ 614
Estimated contribution by employer, next fiscal year	15
Estimated Future Benefit Payments
2,016	37
2,017	39
2,018	41
2,019	43
2,020	45
2021 and onwards	252
Pension Benefits | Fair value
Target Asset Allocation
Fair value of plan assets	689	650
Pension Benefits | Cash | Fair value
Target Asset Allocation
Fair value of plan assets	$ 81	3
Pension Benefits | Equities Mutual Funds
Target Asset Allocation
Target asset allocation (as a percent)	60.00%
Pension Benefits | Equities Mutual Funds | Fair value
Target Asset Allocation
Fair value of plan assets	$ 354	368
Pension Benefits | Fixed income securities Mutual Funds
Target Asset Allocation
Target asset allocation (as a percent)	40.00%
Pension Benefits | Fixed income securities Mutual Funds | Fair value
Target Asset Allocation
Fair value of plan assets	$ 242	263
Pension Benefits | Others | Fair value
Target Asset Allocation
Fair value of plan assets	12	16
Pension Benefits | Level 1
Target Asset Allocation
Fair value of plan assets	467	407
Pension Benefits | Level 1 | Cash
Target Asset Allocation
Fair value of plan assets	81	3
Pension Benefits | Level 1 | Equities Mutual Funds
Target Asset Allocation
Fair value of plan assets	306	310
Pension Benefits | Level 1 | Fixed income securities Mutual Funds
Target Asset Allocation
Fair value of plan assets	80	92
Pension Benefits | Level 1 | Others
Target Asset Allocation
Fair value of plan assets		2
Pension Benefits | Level 2
Target Asset Allocation
Fair value of plan assets	222	243
Pension Benefits | Level 2 | Equities Mutual Funds
Target Asset Allocation
Fair value of plan assets	48	58
Pension Benefits | Level 2 | Fixed income securities Mutual Funds
Target Asset Allocation
Fair value of plan assets	162	171
Pension Benefits | Level 2 | Others
Target Asset Allocation
Fair value of plan assets	12	$ 14
Postretirement Benefits
Target Asset Allocation
Estimated contribution by employer, next fiscal year	6
Estimated Future Benefit Payments
2,016	6
2,017	6
2,018	6
2,019	6
2,020	5
2021 and onwards	$ 23

RELATED PARTY TRANSACTIONS (DET

RELATED PARTY TRANSACTIONS (DETAILS) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Feb. 29, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 15, 2015
Related Party Transactions
Decrease in equity due to acquisition of minority interests		$ 19		$ 73
Tolling services and administrative support
Related Party Transactions
Purchases of soybeans and other commodity products and port services received from certain unconsolidated ventures		$ 106	$ 111	81
G3
Related Party Transactions
Ownership percentage in equity method investee	35.00%				51.00%
Percentage of voting power	35.00%				51.00%
Tapajos
Related Party Transactions
Ownership percentage in equity method investee		50.00%
Percentage of voting power		50.00%
Interest rate		11.00%
Notes payable		$ 10
Solazyme
Related Party Transactions
Ownership percentage in equity method investee		49.90%
Percentage of voting power		49.90%
Notes receivable					$ 7
Interest rate		14.00%
Senwes Limited
Related Party Transactions
Notes receivable			9
Bunge-SCF Grain, LLC
Related Party Transactions
Notes payable		$ 5
ProMaiz
Related Party Transactions
Notes payable		$ 6
Interest rate		22.00%
Other related party
Related Party Transactions
Notes receivable		$ 6	11
Unconsolidated joint ventures
Related Party Transactions
Purchases of soybeans and other commodity products and port services received from certain unconsolidated ventures		757	746	446
Sale of soybeans and other commodity products and port services provided to certain unconsolidated ventures		351	345	$ 440
Trade accounts receivable		16	75
Trade accounts payable		$ 25	$ 73
Forecast
Related Party Transactions
Ownership percentage in equity method investee	25.00%
Ownership percentage to be sold	10.00%
Percentage of voting power	25.00%

COMMITMENTS AND CONTINGENCIES98

COMMITMENTS AND CONTINGENCIES (DETAILS) BRL in Millions, $ in Millions	1 Months Ended	12 Months Ended
	May. 31, 2014BRLsubsidiary	Dec. 31, 2015BRLsubsidiaryitem$ / item	Dec. 31, 2015USD ($)subsidiary$ / item	Dec. 31, 2014BRL	Dec. 31, 2011USD ($)	Mar. 31, 2016employee	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)	Dec. 31, 2012USD ($)
Loss Contingencies and Guarantees
Loss contingency accrual, at carrying value							$ 316	$ 418
Income tax liability for ICMS incentives or benefits		BRL 468		BRL 468			120	177
Maximum potential future payments related to guarantees							229
Future Minimum Payment Obligations Due Under Freight Supply Agreements
2,016			$ 149
2017 and 2018			174
2019 and 2020			149
2021 and thereafter			250
Total			722
Freight supply agreements
Future Minimum Payment Obligations Due Under Freight Supply Agreements
Proceeds from relet agreements related to ocean freight vessels			39
Relet proceeds expected to be received in 2016			6
Relet proceeds expected to be received in 2017			$ 3
Freight supply agreements | Maximum
Loss Contingencies and Guarantees
Freight supply agreements term, ocean freight vessels		7 years	7 years
Freight supply agreements term, railroad services		17 years	17 years
Freight supply agreements | Minimum
Loss Contingencies and Guarantees
Freight supply agreements term, ocean freight vessels		2 months	2 months
Freight supply agreements term, railroad services		5 years	5 years
Inventories.
Future Minimum Payment Obligations Due Under Freight Supply Agreements
Purchase commitments			$ 5
Power supply contracts
Future Minimum Payment Obligations Due Under Freight Supply Agreements
Purchase commitments			81
Construction in progress.
Future Minimum Payment Obligations Due Under Freight Supply Agreements
Purchase commitments			177
Ocean Freight Vessels
Future Minimum Payment Obligations Due Under Freight Supply Agreements
2,016			89
2017 and 2018			115
2019 and 2020			93
2021 and thereafter			85
Total			382
Railroad Services
Future Minimum Payment Obligations Due Under Freight Supply Agreements
2,016			60
2017 and 2018			59
2019 and 2020			56
2021 and thereafter			165
Total			$ 340
Brazil
Loss Contingencies and Guarantees
Number of employees under administrative proceedings | employee						2
Argentina
Loss Contingencies and Guarantees
Payment of accrued export tax obligations					$ 112
Interest assessed on paid export tax obligations									$ 205
Tax claims
Loss Contingencies and Guarantees
Loss contingency accrual, at carrying value							163	225
ICMS tax liability | Brazil
Loss Contingencies and Guarantees
Income tax liability for ICMS incentives or benefits							$ 0
Number of assessments | item		150					150
Amount per ICMS assessment | $ / item		10	10
Total assessment		BRL 70	$ 18
Labor claims
Loss Contingencies and Guarantees
Loss contingency accrual, at carrying value							$ 75	86
Civil and other claims
Loss Contingencies and Guarantees
Loss contingency accrual, at carrying value							78	$ 107
Unconsolidated affiliates financing
Loss Contingencies and Guarantees
Maximum potential future payments related to guarantees							75
Obligation related to outstanding guarantees							0
Residual value guarantee
Loss Contingencies and Guarantees
Maximum potential future payments related to guarantees							154
Obligation related to outstanding guarantees							5
Guarantee of indebtedness of subsidiaries
Loss Contingencies and Guarantees
Long-term debt including current portion, carrying value							$ 4,081
Number of finance subsidiaries issuing senior notes | subsidiary		2	2
Bunge Limited Finance Corp. and Bunge N. A. Finance L. P. [Member] | Guarantee of indebtedness of subsidiaries
Loss Contingencies and Guarantees
Percentage of ownership interest		100.00%					100.00%
Tax return examination, 2010 - 2011 | ICMS tax liability | Brazil
Loss Contingencies and Guarantees
Number subsidiaries whose tax examination is completed | subsidiary	1
Total assessment	BRL 45		$ 12
Tax return examination, 2004 - 2009 | PIS COFINS Liability | Brazil
Loss Contingencies and Guarantees
Total assessment			110	BRL 430
Tax return examination, 2004 -2010 | PIS COFINS Liability | Brazil
Loss Contingencies and Guarantees
Total assessment		BRL 500	$ 128

EQUITY - SHARE REPURCHASE PROGR

EQUITY - SHARE REPURCHASE PROGRAM (DETAILS) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	May. 31, 2015
Equity Disclosures
Repurchase of common shares for the period			$ 300	$ 300
Common Shares
Equity Disclosures
Authorized amount of issued and outstanding common shares available for repurchase		$ 975			$ 500
Repurchase of common shares (in shares)	1,411,210	2,460,600	3,871,810	3,780,987
Repurchase of common shares for the period		$ 200
Treasury Shares
Equity Disclosures
Repurchase of common shares for the period	$ 100		$ 300	$ 300

EQUITY - CUMULATIVE CONVERTIBEL

EQUITY - CUMULATIVE CONVERTIBEL PERPETUAL PREFERENCE SHARES (DETAILS) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)
Equity Disclosures
Preferred Stock, Shares Outstanding | shares	6,900,000	6,900,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Liquidation Preference Per Share	$ 100	$ 100
Dividends, Preferred Stock, Cash | $	$ 34	$ 34	$ 34
Convertible perpetual preference shares
Equity Disclosures
Preferred Stock, Shares Outstanding | shares	6,900,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01
Preferred Stock, Liquidation Preference Per Share	$ 100
Convertible preference share, common shares issued upon conversion, at any time before mandatory conversion date	1.1331
Convertible preference shares accrued dividends (as a percent)	4.875%
Accumulated unpaid dividends up to a maximum additional (in dollars per share)	$ 25
Conversion price, convertible preference share (in dollars per share)	$ 88.2501
Convertible preference shares, aggregate common shares issued if converted at current conversion rate | shares	7,818,390
Target ratio of closing share price to conversion price as a condition for conversion or redemption of Convertible Notes (as a percent)	130.00%
Minimum | Convertible perpetual preference shares
Equity Disclosures
The consecutive trading days which must occur to trigger the conversion of the notes	20 days
Maximum | Convertible perpetual preference shares
Equity Disclosures
The consecutive trading days which must occur to trigger the conversion of the notes	30 days

EQUITY - AOCI (DETAILS)

EQUITY - AOCI (DETAILS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balance at beginning of period	$ (4,058)
Total other comprehensive income (loss)	(2,306)	$ (1,494)	$ (1,157)
Balance at end of period	(6,360)	(4,058)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balance at beginning of period	(4,058)	(2,572)	(1,410)
Other comprehensive income (loss) before reclassifications	(2,392)	(1,482)	(1,144)
Amount reclassified from accumulated other comprehensive income	90	(4)	(18)
Total other comprehensive income (loss)	(2,302)	(1,486)	(1,162)
Balance at end of period	(6,360)	(4,058)	(2,572)
Foreign Exchange Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balance at beginning of period	(3,897)	(2,486)	(1,265)
Other comprehensive income (loss) before reclassifications	(2,546)	(1,411)	(1,217)
Amount reclassified from accumulated other comprehensive income			(4)
Total other comprehensive income (loss)	(2,546)	(1,411)	(1,221)
Balance at end of period	(6,443)	(3,897)	(2,486)
Deferred Gains (Losses) on Hedging Activities
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balance at beginning of period	(10)	(22)	3
Other comprehensive income (loss) before reclassifications	147	21
Amount reclassified from accumulated other comprehensive income	77	(9)	(25)
Total other comprehensive income (loss)	224	12	(25)
Balance at end of period	214	(10)	(22)
Pension and Other Postretirement Liability Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balance at beginning of period	(154)	(69)	(157)
Other comprehensive income (loss) before reclassifications	7	(90)	68
Amount reclassified from accumulated other comprehensive income	13	5	20
Total other comprehensive income (loss)	20	(85)	88
Balance at end of period	(134)	(154)	(69)
Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balance at beginning of period	3	5	9
Other comprehensive income (loss) before reclassifications		(2)	5
Amount reclassified from accumulated other comprehensive income			(9)
Total other comprehensive income (loss)		(2)	(4)
Balance at end of period	$ 3	$ 3	$ 5

EARNINGS PER COMMON SHARE (DETA

EARNINGS PER COMMON SHARE (DETAILS) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Computation of basic and diluted earnings per common share
Income from continuing operations, net of tax									$ 755	$ 485	$ 110
Net loss (income) attributable to noncontrolling interests									1	(2)	99
Income (loss) from continuing operations attributable to Bunge									756	483	209
Other redeemable obligations									(19)	(14)	(42)
Convertible preference share dividends									(34)	(34)	(34)
Income (loss) from discontinued operations, net of tax (including a net gain on disposal of $112 million in 2013) (Note 3)	$ (1)	$ 21	$ 1	$ 14	$ (5)	$ 27	$ 15	$ (5)	35	32	97
Net income (loss) available to Bunge common shareholders									$ 738	$ 467	$ 230
Weighted-average number of common shares outstanding:
Basic (in shares)	142,466,906	143,361,057	143,726,689	145,164,587	145,365,696	145,528,313	146,477,301	147,497,638	143,671,546	146,209,508	147,204,082
Effect of dilutive shares:
-Stock options and awards (in shares)									749,031	1,021,270	1,053,227
-Convertible preference shares									7,818,390
Diluted (in shares)	150,744,716	151,794,399	144,626,753	153,817,713	145,365,696	154,189,825	155,039,427	147,497,638	152,238,967	147,230,778	148,257,309
Basic earnings per common share:
Net income (loss) from continuing operations (in dollars per share)	$ 1.33	$ 1.45	$ 0.50	$ 1.61	$ (0.39)	$ 1.77	$ 1.75	$ (0.15)	$ 4.90	$ 2.98	$ 0.91
Net income (loss) from discontinued operations (in dollars per share)	(0.01)	0.14	0.01	0.10	(0.04)	0.19	0.10	(0.03)	0.24	0.22	0.66
Net income (loss) attributable to Bunge common shareholders (in dollars per share)	1.32	1.59	0.51	1.71	(0.43)	1.96	1.85	(0.18)	5.14	3.20	1.57
Diluted earnings per common share:
Net income (loss) from continuing operations (in dollars per share)	1.31	1.42	0.50	1.58	(0.39)	1.73	1.71	(0.15)	4.84	2.96	0.90
Net income (loss) from discontinued operations (in dollars per share)	(0.01)	0.14		0.09	(0.04)	0.17	0.10	(0.03)	0.23	0.21	0.65
Net income (loss) attributable to Bunge common shareholders (in dollars per share)	$ 1.30	$ 1.56	$ 0.50	$ 1.67	$ (0.43)	$ 1.90	$ 1.81	$ (0.18)	$ 5.07	$ 3.17	$ 1.55
Oilseed processing operation in Eastern Europe
Diluted earnings per common share:
Accretion of redeemable noncontrolling interest									$ 19	$ 14	$ 42
Stock options and contingently issuable restricted stock units
Diluted earnings per common share:
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount									3,000,000	2,000,000	3,000,000
Convertible Preference Shares
Diluted earnings per common share:
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount									8,000,000	8,000,000	8,000,000

SHARE-BASED COMPENSATION (DETAI

SHARE-BASED COMPENSATION (DETAILS) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-Based Compensation
Share-based compensation expense	$ 46	$ 49	$ 53
Additional disclosures
Weighted-average grant date fair value (in dollars per share)	$ 19.36	$ 28.25	$ 26.95
Total intrinsic value of options exercised (in dollars)	$ 11	$ 34	$ 29
Restricted Stock Units
Restricted stock units outstanding at beginning of period (in shares)	1,149,538
Granted (in shares)	499,961
Vested/issued (in shares)	(250,656)
Forfeited/cancelled (in shares)	(238,215)
Restricted stock units outstanding at end of period (in shares)	1,160,628	1,149,538
Stock option awards
Fair Value Assumptions
Expected option term	5 years 10 months 13 days	6 years 7 days	6 years
Expected dividend yield (as a percent)	1.67%	1.51%	1.45%
Expected volatility (as a percent)	27.47%	40.91%	43.23%
Risk-free interest rate (as a percent)	1.73%	1.84%	1.01%
Options
Outstanding at beginning of period (in shares)	4,533,492
Granted (in shares)	868,825
Exercised (in shares)	(455,612)
Forfeited or expired (in shares)	(151,034)
Outstanding at end of period (in shares)	4,795,671	4,533,492
Exercisable at end of period (in shares)	3,249,937
Weighted-Average Exercise Price
Outstanding balance at beginning of period (in dollars per share)	$ 73.70
Granted (in dollars per share)	81.61
Exercised (in dollars per share)	64.48
Forfeited or expired (in dollars per share)	85.37
Outstanding balance at end of period (in dollars per share)	75.64	$ 73.70
Exercisable balance at end of period (in dollars per share)	$ 73.58
Weighted-Average Remaining Contractual Term
Outstanding , Weighted-Average Remaining Contractual Term	6 years 4 days
Exercisable, Weighted-Average Remaining Contractual Term	4 years 9 months 11 days
Aggregate Intrinsic Value
Outstanding at end of period (in dollars)	$ 7
Exercisable at end of period (in dollars)	7
Unrecognized Compensation Cost
Total unrecognized compensation related to non-vested awards (in dollars)	$ 17
Period of recognition of total unrecognized compensation related to non-vested shares	2 years
Restricted stock units
Unrecognized Compensation Cost
Total unrecognized compensation related to non-vested awards (in dollars)	$ 41
Period of recognition of total unrecognized compensation related to non-vested shares	2 years
Weighted-Average Grant-Date Fair Value
Restricted stock units outstanding at beginning of period (in dollars per share)	$ 74.49
Granted (in dollars per share)	81.97	79.26	$ 74.40
Vested/issued (in dollars per share)	72.07
Forfeited/cancelled (in dollars per share)	70.32
Restricted stock units outstanding at end of period (in dollars per share)	$ 79.16	$ 74.49
Restricted Stock Units, Additional Activity Information
Common shares issued, net of common shares withheld to cover taxes	499,961
Common shares issued, net of common shares withheld to cover taxes, weighted-average fair value (in dollars per share)	$ 81.83
Total fair value of restricted stock units vested (in dollars)	$ 20
Performance-based restricted stock units
Restricted Stock Units
Forfeited/cancelled (in shares)	(205,351)
Equity Incentive Plan and 2009 EIP | Stock option awards
Additional disclosures
Expiration period of award	10 years
Equity Incentive Plan and 2009 EIP | Stock option awards | Minimum
Additional disclosures
Vesting period	1 year
Equity Incentive Plan and 2009 EIP | Stock option awards | Maximum
Additional disclosures
Vesting period	3 years
Equity Incentive Plan and 2009 EIP | Restricted stock units | Minimum
Additional disclosures
Vesting period	1 year
Equity Incentive Plan and 2009 EIP | Restricted stock units | Maximum
Additional disclosures
Vesting period	5 years
2009 EIP
Common Shares Reserved for Share-Based Awards
Common shares reserved for grant of stock options, stock awards and other awards	10,000,000
Common shares available for future grants	2,385,479
2007 Directors' Plan
Common Shares Reserved for Share-Based Awards
Common shares reserved for grant of stock options, stock awards and other awards	600,000
Common shares available for future grants	235,321
2007 Directors' Plan | Stock option awards
Additional disclosures
Expiration period of award	10 years

LEASE COMMITMENTS (DETAILS)

LEASE COMMITMENTS (DETAILS) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)ha	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Minimum Lease Payments Under Non-Cancelable Operating Leases
2,016	$ 133
2,017	102
2,018	85
2,019	65
2,020	54
Thereafter	195
Total	634
Rent expense under non-cancelable operating leases
Rent expense	182	$ 259	$ 204
Sublease income	(6)	(22)	(23)
Net rent expense	$ 176	237	181
Minimum
Lease Commitments
Life of lease agreements	1 year
Sugarcane partnership agreements
Rent expense under non-cancelable operating leases
Hectares of land covered by the agricultural partnership agreement under cultivation | ha	211,000
Payments related to agricultural partnership agreements	$ 125	162	169
Advances for future agricultural partnership expenses	75	95	107
Agricultural partnership expense	$ 50	$ 67	$ 62
Sugarcane partnership agreements | Average
Rent expense under non-cancelable operating leases
Life of agricultural partnership agreements	4 years

SEGMENT INFORMATION - FINANCIAL

SEGMENT INFORMATION - FINANCIAL INFORMATION BY SEGMENT (DETAILS) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Segment Reporting Information
Number of reportable segments | item									5
Operating Segment Information
Net sales to external customers	$ 11,105	$ 10,762	$ 10,782	$ 10,806	$ 13,231	$ 13,676	$ 16,793	$ 13,461	$ 43,455	$ 57,161	$ 61,347
Gross profit	703	745	535	710	695	719	793	414	2,693	2,621	2,760
Foreign exchange gains (losses)									(8)	47	53
Noncontrolling interests									1	(2)	99
Other income (expense) - net									(18)	17	44
Segment EBIT									1,248	956	1,329
Discontinued operations	(1)	$ 21	$ 1	$ 14	(5)	$ 27	$ 15	$ (5)	35	32	97
Depreciation, depletion and amortization									(545)	(607)	(568)
Investments in affiliates	329				294				329	294	241
Total assets	17,922				21,432				17,922	21,432
Capital expenditures									649	839	1,042
Asset Impairment Charges									57	130	35
Pre-tax impairment charge for equity method investments									14	5
Cost of goods sold.
Operating Segment Information
Asset Impairment Charges									15	103	21
Selling, general and administrative costs
Operating Segment Information
Asset Impairment Charges									14	18	4
Goodwill Impairment
Operating Segment Information
Asset Impairment Charges									13
Agribusiness
Operating Segment Information
Net sales to external customers									31,267	42,109	45,507
Gross profit									1,858	1,742	1,797
Foreign exchange gains (losses)									67	39	41
Other income (expense) - net									(3)	8	(2)
Depreciation, depletion and amortization									(234)	(240)	(240)
Investments in affiliates	249				178				249	178	185
Asset Impairment Charges									14
Edible Oil Products
Operating Segment Information
Net sales to external customers									6,698	7,972	9,165
Gross profit									404	548	540
Foreign exchange gains (losses)										(4)	5
Other income (expense) - net									4	5	10
Depreciation, depletion and amortization									(90)	(96)	(99)
Asset Impairment Charges									28
Milling Products
Operating Segment Information
Net sales to external customers									1,609	2,064	2,012
Gross profit									237	311	262
Foreign exchange gains (losses)									(8)	(8)	(1)
Other income (expense) - net									(3)	(4)	2
Depreciation, depletion and amortization									(46)	(47)	(28)
Sugar and Bioenergy
Operating Segment Information
Net sales to external customers									3,495	4,542	4,215
Gross profit									164	(41)	92
Foreign exchange gains (losses)									(68)	19	3
Other income (expense) - net									(15)	10
Depreciation, depletion and amortization									(160)	(208)	(184)
Investments in affiliates	80				116				80	116	56
Fertilizer
Operating Segment Information
Net sales to external customers									386	474	448
Gross profit									30	61	69
Foreign exchange gains (losses)									1	1	5
Other income (expense) - net									(1)	(2)	34
Depreciation, depletion and amortization									(15)	(16)	(17)
Operating
Operating Segment Information
Noncontrolling interests									1	(2)	99
Segment EBIT									1,248	956	1,329
Total assets	17,922				21,432				17,922	21,432	26,781
Capital expenditures									649	839	1,042
Operating | Agribusiness
Operating Segment Information
Noncontrolling interests									(9)	(23)	31
Segment EBIT									1,108	890	1,032
Total assets	11,840				14,275				11,840	14,275	18,898
Capital expenditures									359	411	395
Operating | Edible Oil Products
Operating Segment Information
Noncontrolling interests									(8)	(9)	(7)
Segment EBIT									59	58	163
Total assets	1,963				2,235				1,963	2,235	2,420
Capital expenditures									63	95	146
Operating | Milling Products
Operating Segment Information
Segment EBIT									103	131	125
Total assets	1,343				1,174				1,343	1,174	1,242
Capital expenditures									60	103	56
Operating | Sugar and Bioenergy
Operating Segment Information
Noncontrolling interests										(1)	9
Segment EBIT									(27)	(168)	(60)
Total assets	2,318				3,143				2,318	3,143	3,512
Capital expenditures									125	193	346
Operating | Fertilizer
Operating Segment Information
Noncontrolling interests									(1)	(5)	(5)
Segment EBIT									5	45	69
Total assets	299				356				299	356	353
Capital expenditures									17	16	23
Discontinued Operations and Unallocated
Operating Segment Information
Inter-segment revenues									3,726	3,759	5,189
Noncontrolling interests									19	36	71
Discontinued operations									35	32	97
Total assets	$ 159				$ 249				159	249	356
Capital expenditures									25	21	76
Inter-segment Eliminations | Agribusiness
Operating Segment Information
Inter-segment revenues									3,499	3,510	4,978
Inter-segment Eliminations | Edible Oil Products
Operating Segment Information
Inter-segment revenues									178	161	138
Inter-segment Eliminations | Milling Products
Operating Segment Information
Inter-segment revenues									37	$ 88	9
Inter-segment Eliminations | Sugar and Bioenergy
Operating Segment Information
Inter-segment revenues									$ 12		61
Inter-segment Eliminations | Fertilizer
Operating Segment Information
Inter-segment revenues											$ 3

SEGMENT INFORMATION - SEGMENT E

SEGMENT INFORMATION - SEGMENT EBIT TO NET INCOME (DETAILS) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Total Segment Earnings Before Interest and Tax:
Total segment EBIT from continuing operations									$ 1,248	$ 956	$ 1,329
Interest income									43	87	76
Interest expense									(258)	(347)	(363)
Income tax (expense) benefit									(296)	(249)	(904)
Income (loss) from discontinued operations, net of tax	$ (1)	$ 21	$ 1	$ 14	$ (5)	$ 27	$ 15	$ (5)	35	32	97
Noncontrolling interests' share of interest and tax									19	36	71
Net income (loss) attributable to Bunge	$ 203	$ 239	$ 86	$ 263	$ (54)	$ 294	$ 288	$ (13)	$ 791	$ 515	$ 306

SEGMENT INFORMATION - SALES BY

SEGMENT INFORMATION - SALES BY PRODUCT GROUP (DETAILS) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
External Customers Net Sales, Products and Services
Net sales	$ 11,105	$ 10,762	$ 10,782	$ 10,806	$ 13,231	$ 13,676	$ 16,793	$ 13,461	$ 43,455	$ 57,161	$ 61,347
Agricultural commodities products
External Customers Net Sales, Products and Services
Net sales									31,267	42,109	45,507
Edible Oil Products
External Customers Net Sales, Products and Services
Net sales									6,698	7,972	9,165
Wheat milling products
External Customers Net Sales, Products and Services
Net sales									1,054	1,462	1,226
Corn milling products
External Customers Net Sales, Products and Services
Net sales									555	602	786
Sugar and bioenergy products
External Customers Net Sales, Products and Services
Net sales									3,495	4,542	4,215
Fertilizer products
External Customers Net Sales, Products and Services
Net sales									$ 386	$ 474	$ 448

SEGMENT INFORMATION - GEOGRAPHI

SEGMENT INFORMATION - GEOGRAPHIC AREA INFORMATION (DETAILS) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
External Customers
Net sales to external customers	$ 11,105	$ 10,762	$ 10,782	$ 10,806	$ 13,231	$ 13,676	$ 16,793	$ 13,461	$ 43,455	$ 57,161	$ 61,347
Long-lived Assets
Long-lived assets	5,829				6,570				5,829	6,570	7,080
Europe
External Customers
Net sales to external customers									14,346	18,234	19,821
Long-lived Assets
Long-lived assets	1,074				1,181				1,074	1,181	1,301
United States
External Customers
Net sales to external customers									10,256	12,199	12,764
Long-lived Assets
Long-lived assets	1,130				1,022				1,130	1,022	965
Brazil
External Customers
Net sales to external customers									6,117	10,422	9,679
Long-lived Assets
Long-lived assets	2,086				2,711				2,086	2,711	3,145
Asian entities
External Customers
Net sales to external customers									8,680	10,932	12,516
Long-lived Assets
Long-lived assets	558				572				558	572	565
Argentina
External Customers
Net sales to external customers									1,490	1,857	2,609
Long-lived Assets
Long-lived assets	204				257				204	257	248
Canada
External Customers
Net sales to external customers									1,245	1,784	2,220
Long-lived Assets
Long-lived assets	400				347				400	347	316
Rest of world
External Customers
Net sales to external customers									1,321	1,733	1,738
Long-lived Assets
Long-lived assets	$ 377				$ 480				$ 377	$ 480	$ 540

QUARTERLY FINANCIAL INFORMAT109

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (DETAILS) $ / shares in Units, T in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares	Sep. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)T$ / sharesshares	Sep. 30, 2014USD ($)T$ / sharesshares	Jun. 30, 2014USD ($)T$ / sharesshares	Mar. 31, 2014USD ($)T$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)T$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Volumes (in millions of metric tons) | T					0	0	0	0		0
Net sales | $	$ 11,105	$ 10,762	$ 10,782	$ 10,806	$ 13,231	$ 13,676	$ 16,793	$ 13,461	$ 43,455	$ 57,161	$ 61,347
Gross profit | $	703	745	535	710	695	719	793	414	2,693	2,621	2,760
Income (loss) from discontinued operations, net of tax | $	(1)	21	1	14	(5)	27	15	(5)	35	32	97
Net income (loss) | $	203	234	93	260	(45)	304	277	(19)	790	517	207
Net income (loss) attributable to Bunge | $	$ 203	$ 239	$ 86	$ 263	$ (54)	$ 294	$ 288	$ (13)	$ 791	$ 515	$ 306
Basic earnings per common share:
Net income (loss) (in dollars per share)	$ 1.42	$ 1.63	$ 0.65	$ 1.79	$ (0.31)	$ 2.09	$ 1.89	$ (0.13)	$ 5.50	$ 3.54
Net income (loss) from continuing operations (in dollars per share)	1.33	1.45	0.50	1.61	(0.39)	1.77	1.75	(0.15)	4.90	2.98	$ 0.91
Net income (loss) from discontinued operations (in dollars per share)	(0.01)	0.14	0.01	0.10	(0.04)	0.19	0.10	(0.03)	0.24	0.22	0.66
Net income (loss) attributable to Bunge common shareholders (in dollars per share)	1.32	1.59	0.51	1.71	(0.43)	1.96	1.85	(0.18)	5.14	3.20	1.57
Diluted earnings per common share:
Net income (loss) (in dollars per share)	1.35	1.54	0.64	1.69	(0.31)	1.97	1.79	(0.13)	5.19	3.51
Net income (loss) from continuing operations (in dollars per share)	1.31	1.42	0.50	1.58	(0.39)	1.73	1.71	(0.15)	4.84	2.96	0.90
Net income (loss) from discontinued operations (in dollars per share)	(0.01)	0.14		0.09	(0.04)	0.17	0.10	(0.03)	0.23	0.21	0.65
Net income (loss) attributable to Bunge common shareholders (in dollars per share)	$ 1.30	$ 1.56	$ 0.50	$ 1.67	$ (0.43)	$ 1.90	$ 1.81	$ (0.18)	$ 5.07	$ 3.17	$ 1.55
Weighted-average number of shares:
Weighted-average number of shares outstanding-basic | shares	142,466,906	143,361,057	143,726,689	145,164,587	145,365,696	145,528,313	146,477,301	147,497,638	143,671,546	146,209,508	147,204,082
Weighted-average number of shares outstanding-diluted | shares	150,744,716	151,794,399	144,626,753	153,817,713	145,365,696	154,189,825	155,039,427	147,497,638	152,238,967	147,230,778	148,257,309
Market Price:
High (in dollars per share)	$ 79.41	$ 89.86	$ 92.85	$ 92.31	$ 92.91	$ 86.36	$ 81.38	$ 81.92
Low (in dollars per share)	$ 61.81	$ 68.94	$ 83.16	$ 78.50	$ 80.97	$ 73.54	$ 74.68	$ 73.51

SCHEDULE II-VALUATION AND QU110

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS (DETAILS ) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowances for doubtful accounts
Movement in Valuation Allowances and Reserves
Balance at beginning of period	$ 247	$ 283	$ 292
Charged to costs and expenses	64	71	73
Charged to other accounts	(47)	(23)	(18)
Deductions from reserves	(54)	(84)	(64)
Balance at end of period	210	247	283
Allowances for secured advances to suppliers
Movement in Valuation Allowances and Reserves
Balance at beginning of period	61	75	78
Charged to costs and expenses	11	9	34
Charged to other accounts	(21)	(7)	(10)
Deductions from reserves	(9)	(16)	(27)
Balance at end of period	42	61	75
Allowances for recoverable taxes
Movement in Valuation Allowances and Reserves
Balance at beginning of period	43	70	105
Charged to costs and expenses	7	7	19
Charged to other accounts	(16)	(14)	(2)
Deductions from reserves	(2)	(20)	(52)
Balance at end of period	32	43	70
Income tax valuation allowance
Movement in Valuation Allowances and Reserves
Balance at beginning of period	1,078	1,048	455
Charged to costs and expenses	44	76	642
Charged to other accounts	(324)	(46)	(49)
Balance at end of period	$ 798	$ 1,078	$ 1,048