Bunge Limited (BG) 10-Q 6 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	1-May-14
Document And Entity Information	'	'
Entity Registrant Name	'Bunge LTD	'
Entity Central Index Key	'0001144519	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	147,212,227
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME	'	'
Net sales	$13,461	$14,785
Cost of goods sold	-13,047	-14,138
Gross profit	414	647
Selling, general and administrative expenses	-366	-349
Interest income	19	9
Interest expense	-79	-76
Foreign exchange gains (losses)	22	-40
Other income (expense) - net	6	39
Income from continuing operations before income tax	16	230
Income tax (expense) benefit	-30	-73
Income (loss) from continuing operations	-14	157
Income (loss) from discontinued operations, net of tax	-5	-9
Net income (loss)	-19	148
Net (income) loss attributable to noncontrolling interests	6	32
Net income (loss) attributable to Bunge	-13	180
Convertible preference share dividends and other obligations	-14	-10
Net income (loss) available to Bunge common shareholders	($27)	$170
Earnings per common share-basic (Note 16)	'	'
Net income (loss) from continuing operations (in dollars per share)	($0.15)	$1.22
Net income (loss) from discontinued operations (in dollars per share)	($0.03)	($0.06)
Net income (loss) to Bunge common shareholders (in dollars per share)	($0.18)	$1.16
Earnings per common share-diluted (Note 16)	'	'
Net income (loss) from continuing operations (in dollars per share)	($0.15)	$1.21
Net income (loss) from discontinued operations (in dollars per share)	($0.03)	($0.06)
Net income (loss) to Bunge common shareholders (in dollars per share)	($0.18)	$1.15
Dividends per common share (in dollars per share)	$0.30	$0.27

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Net income	($19)	$148
Other comprehensive income (loss):	'	'
Foreign exchange translation adjustment	131	80
Unrealized gains (losses) on designated cash flow and net investment hedges, net of tax (expense) benefit of $(8) in 2014 and $(1) in 2013	-13	11
Reclassification of realized net losses (gains) to net income, net of tax expense (benefit) of nil in 2014 and $2 in 2013	1	-3
Total other comprehensive income (loss)	119	88
Total comprehensive income (loss)	100	236
Less: comprehensive (income) loss attributable to noncontrolling interests	-2	28
Total comprehensive income (loss) attributable to Bunge	$98	$264

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Unrealized gains (losses) designated cash flow and net investment hedges, tax (expense) benefit	($8)	($1)
Reclassification of realized net losses (gains) to net income, tax expense (benefit)	$0	$2

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$632	$742
Time deposits under trade structured finance program (Note 4)	3,259	4,470
Trade accounts receivable (less allowances of $126 and $123) (Note 12)	2,617	2,144
Inventories (Note 5)	6,452	5,796
Deferred income taxes	150	183
Other current assets (Note 6)	5,091	4,437
Total current assets	18,201	17,772
Property, plant and equipment, net	6,166	6,075
Goodwill	396	392
Other intangible assets, net	313	326
Investments in affiliates	252	241
Deferred income taxes	603	564
Other non-current assets (Note 7)	1,503	1,411
Total assets	27,434	26,781
Current liabilities:	'	'
Short-term debt	1,291	703
Current portion of long-term debt (Note 11)	765	762
Letter of credit obligations under trade structured finance program (Note 4)	3,259	4,470
Trade accounts payable	3,828	3,522
Deferred income taxes	50	60
Other current liabilities (Note 9)	3,302	3,018
Total current liabilities	12,495	12,535
Long-term debt (Note 11)	3,875	3,179
Deferred income taxes	234	185
Other non-current liabilities	731	757
Commitments and contingencies (Note 14)	'	'
Redeemable noncontrolling interests	38	37
Equity (Note 15):	'	'
Convertible perpetual preference shares, par value $.01; authorized, issued and outstanding: 2014 and 2013 - 6,900,000 shares (liquidation preference $100 per share)	690	690
Common shares, par value $.01; authorized - 400,000,000 shares; issued and outstanding: 2014 - 147,135,656 shares, 2013 - 147,796,784 shares	1	1
Additional paid-in capital	4,986	4,967
Retained earnings	6,826	6,891
Accumulated other comprehensive income (loss) (Note 15)	-2,461	-2,572
Treasury shares, at cost - 2014 - 3,097,286 and 2013 - 1,933,286 shares, respectively	-212	-120
Total Bunge shareholders' equity	9,830	9,857
Noncontrolling interests	231	231
Total equity	10,061	10,088
Total liabilities and equity	$27,434	$26,781

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'
Trade accounts receivable, allowances (in dollars)	$126	$123
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	147,135,656	147,796,784
Common shares, outstanding	147,135,656	147,796,784
Treasury shares	3,097,286	1,933,286

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
OPERATING ACTIVITIES	'	'
Net income	($19)	$148
Adjustments to reconcile net income to cash provided by (used for) operating activities:	'	'
Foreign exchange loss (gain) on debt	42	77
Bad debt expense	6	6
Depreciation, depletion and amortization	124	121
Stock-based compensation expense	18	4
Deferred income tax expense (benefit)	-11	-56
Other, net	-9	-4
Changes in operating assets and liabilities, excluding the effects of acquisitions:	'	'
Trade accounts receivable	-488	-583
Inventories	-658	415
Prepayments and advances to suppliers	-62	-171
Trade accounts payable and accrued liabilities	331	302
Net unrealized gain/loss on derivative contracts	-53	165
Margin deposits	-115	-66
Other, net	-163	-255
Cash provided by (used for) operating activities	-1,057	103
INVESTING ACTIVITIES	'	'
Payments made for capital expenditures	-165	-224
Acquisitions of businesses (net of cash acquired)	-12	-11
Proceeds from investments	30	13
Payments for investments	-39	-6
Payment for investments in affiliates	-13	-14
Other, net	-9	-40
Cash provided by (used for) investing activities	-208	-282
FINANCING ACTIVITIES	'	'
Net change in short-term debt with maturities of 90 days or less	334	-64
Proceeds from short-term debt with maturities greater than 90 days	366	115
Repayments of short-term debt with maturities greater than 90 days	-71	-78
Proceeds from long-term debt	2,357	1,452
Repayments of long-term debt	-1,675	-972
Proceeds from sale of common shares	6	9
Repurchases of common shares	-92	'
Dividends paid	-53	-48
Other, net	-14	'
Cash provided by (used for) financing activities	1,158	414
Effect of exchange rate changes on cash and cash equivalents	-3	-3
Net increase (decrease) in cash and cash equivalents	-110	232
Cash and cash equivalents, beginning of period	742	569
Cash and cash equivalents, end of period	$632	$801

CONDENSED_CONSOLIDATED_STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (USD $)	Total	Convertible Preference Shares	Common Shares	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Shares	Noncontrolling Interests	Redeemable Noncontrolling Interests
In Millions, except Share data, unless otherwise specified
Balance at Jun. 07, 2010	'	'	'	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'
Repurchase of common shares	'	'	'	'	'	'	($566)	'	'
Repurchase of common shares (in shares)	'	'	'	'	'	'	-9,811,859	'	'
Balance at Mar. 31, 2014	'	690	'	'	'	'	-212	'	'
Balance (in shares) at Mar. 31, 2014	'	6,900,000	'	'	'	'	'	'	'
Balance at Dec. 31, 2012	'	'	'	'	'	'	'	'	38
Balance at Dec. 31, 2012	11,255	690	1	4,909	6,792	-1,410	-120	393	'
Balance (in shares) at Dec. 31, 2012	'	6,900,000	146,348,499	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'
Net income (loss)	148	'	'	'	180	'	'	-32	'
Net (loss) income	'	'	'	'	'	'	'	'	-8
Accretion of noncontrolling interests	'	'	'	'	'	'	'	'	2
Accretion of noncontrolling interests	-2	'	'	-2	'	'	'	'	'
Other comprehensive income (loss)	88	'	'	'	'	84	'	4	'
Dividends on common shares	-40	'	'	'	-40	'	'	'	'
Dividends on preference shares	-8	'	'	'	-8	'	'	'	'
Dividends to noncontrolling interests on subsidiary common stock	-1	'	'	'	'	'	'	-1	'
Capital contributions from noncontrolling interests	1	'	'	'	'	'	'	1	'
Stock-based compensation expense	4	'	'	4	'	'	'	'	'
Issuance of common shares	9	'	'	9	'	'	'	'	'
Issuance of common shares (in shares)	'	'	716,925	'	'	'	'	'	'
Balance at Mar. 31, 2013	'	'	'	'	'	'	'	'	32
Balance at Mar. 31, 2013	11,454	690	1	4,920	6,924	-1,326	-120	365	'
Balance (in shares) at Mar. 31, 2013	'	6,900,000	147,065,424	'	'	'	'	'	'
Balance at Dec. 31, 2013	37	'	'	'	'	'	'	'	37
Balance at Dec. 31, 2013	10,088	690	1	4,967	6,891	-2,572	-120	231	'
Balance (in shares) at Dec. 31, 2013	'	6,900,000	147,796,784	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'
Net income (loss)	-19	'	'	'	-13	'	'	-6	'
Net (loss) income	'	'	'	'	'	'	'	'	-5
Accretion of noncontrolling interests	'	'	'	'	'	'	'	'	6
Accretion of noncontrolling interests	-6	'	'	-6	'	'	'	'	'
Other comprehensive income (loss)	119	'	'	'	'	111	'	8	'
Dividends on common shares	-44	'	'	'	-44	'	'	'	'
Dividends on preference shares	-8	'	'	'	-8	'	'	'	'
Dividends to noncontrolling interests on subsidiary common stock	-1	'	'	'	'	'	'	-1	'
Return of capital to noncontrolling interests	-1	'	'	'	'	'	'	-1	'
Repurchase of common shares	-92	'	'	'	'	'	-92	'	'
Repurchase of common shares (in shares)	'	'	-1,164,000	'	'	'	'	'	'
Stock-based compensation expense	18	'	'	18	'	'	'	'	'
Issuance of common shares	7	'	'	7	'	'	'	'	'
Issuance of common shares (in shares)	'	'	502,872	'	'	'	'	'	'
Balance at Mar. 31, 2014	38	'	'	'	'	'	'	'	38
Balance at Mar. 31, 2014	$10,061	$690	$1	$4,986	$6,826	($2,461)	($212)	$231	'
Balance (in shares) at Mar. 31, 2014	'	6,900,000	147,135,656	'	'	'	'	'	'

BASIS_OF_PRESENTATION_AND_PRIN

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION	3 Months Ended
	Mar. 31, 2014
BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION	'
BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION	'
	1.                                      BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION
	The accompanying unaudited condensed consolidated financial statements include the accounts of Bunge Limited (Bunge), its subsidiaries and variable interest entities (VIEs) in which Bunge is considered to be the primary beneficiary, and as a result, include the assets, liabilities, revenues and expenses of all entities over which Bunge exercises control. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X under the Securities Exchange Act of 1934, as amended (Exchange Act).  Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to Securities and Exchange Commission (SEC) rules. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included. The condensed consolidated balance sheet at December 31, 2013 has been derived from Bunge’s audited consolidated financial statements at that date.  Operating results for the three months ended March 31, 2014 are not necessarily indicative of the results to be expected for the year ending December 31, 2014.  The financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2013, forming part of Bunge’s 2013 Annual Report on Form 10-K filed with the SEC on March 1, 2014.

ACCOUNTING_PRONOUNCEMENTS

ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2014
ACCOUNTING PRONOUNCEMENTS	'
ACCOUNTING PRONOUNCEMENTS	'
	2.                                      ACCOUNTING PRONOUNCEMENTS
	Adoption of Accounting Pronouncements — In July 2013, the FASB issued guidance in ASC Topic 740, (Topic 740) Income Taxes (Topic 740). Topic 740 provided guidance regarding the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exist at the reporting date. The adoption of this amendment on January 1, 2014 did not have a significant impact on Bunge’s condensed consolidated financial statements.
	In February 2013, the FASB issued guidance in ASC (Topic 405) Liabilities: Obligations Resulting from Joint and Several Liability Arrangements for which the Total Amount of the Obligation Is Fixed at the Reporting Date.  The amended guidance addresses the recognition, measurement, and disclosure of certain obligations resulting from joint and several arrangements including debt arrangements, other contractual obligations, and settled litigation and judicial rulings. The ASU is effective for public entities for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this amendment on January 1, 2014 did not have a significant impact on Bunge’s condensed consolidated financial statements.
	New Accounting Pronouncements — In April 2014, the FASB amended existing guidance in ASC (Topic 205) Presentation of Financial Statements and ASC (Topic 360) Property, Plant and Equipment. The amendments in this Update improve the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results and requires expanded disclosures for discontinued operations. The amendments in this Update include several changes to Topic 360 to improve the organization and readability of Subtopic 205-20 and Subtopic 360-10, Property, Plant, and Equipment—Overall. The adoption of these amendments would expand Bunge’s disclosures but is not expected to impact Bunge’s consolidated financial position or results of operations.

BUSINESS_ACQUISITIONS

BUSINESS ACQUISITIONS	3 Months Ended
	Mar. 31, 2014
BUSINESS ACQUISITIONS	'
BUSINESS ACQUISITIONS	'
	3.                                      BUSINESS ACQUISITIONS
	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.
	In January 2013, Bunge acquired two biodiesel facilities adjacent to existing Bunge facilities from its European biodiesel joint venture for $11 million in cash, net of cash acquired.  The preliminary purchase price allocation resulted in $4 million of inventory, $17 million of other current assets, $10 million of property, plant and equipment, $19 million of other current liabilities and $1 million of long-term deferred taxes.  There were no changes to the joint venture ownership or governance structure as a result of this transaction.

TRADE_STRUCTURED_FINANCE_PROGR

TRADE STRUCTURED FINANCE PROGRAM	3 Months Ended
	Mar. 31, 2014
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 a Program under which a Bunge entity generally obtains U.S. dollar-denominated letters of credit (LCs) (each based on an underlying commodity trade flow) from financial institutions, as well as foreign exchange forward contracts, and time deposits denominated in the local currency of the financial institution counterparties, 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 condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013. 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 condensed consolidated statements of income.
	At March 31, 2014 and December 31, 2013, time deposits (with weighted-average interest rates of 8.55% and 8.36%, respectively) and LCs (including foreign exchange contracts) totaled $3,259 million and $4,470 million, respectively. In addition, at March 31, 2014 and December 31, 2013, the fair values of the time deposits (Level 2 measurements) totaled approximately $3,259 million and $4,470 million, respectively, and the fair values of the LCs (Level 2 measurements) totaled approximately $3,026 million and $4,360 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 $233 million and $110 million at March 31, 2014 and December 31, 2013, respectively.
	For the three months ended March 31, 2014 and 2013, total proceeds from issuances of LCs were $1,397 million and $2,417 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 Program are included in operating activities in the condensed consolidated statements of cash flows.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2014
INVENTORIES	'
INVENTORIES	'
	5.                                      INVENTORIES
	Inventories by segment are presented below.  Readily marketable inventories refer to inventories that are readily convertible to cash because of their commodity characteristics, widely available markets and international pricing mechanisms.
		March 31,		December 31,
	(US$ in millions)	2014		2013
	Agribusiness (1)	$	5,185	$	4,498
	Sugar and Bioenergy (2)	486		549
	Edible Oil Products (3)	485		487
	Milling Products (4)	238		210
	Fertilizer (4)	58		52
	Total	$	6,452	$	5,796
	(1)             Includes readily marketable agricultural commodity inventories carried at fair value of $4,866 million and $4,163 million at March 31, 2014 and December 31, 2013, respectively.  Of these amounts $3,631 million and $2,927 million can be attributable to merchandising activities at March 31, 2014 and December 31, 2013, respectively. All other agribusiness segment inventories are carried at lower of cost or market.
	(2)             Includes readily marketable sugar inventories of $131 million and $182 million at March 31, 2014 and December 31, 2013, respectively.  Of these sugar inventories, $115 million and $109 million, respectively, are carried at fair value in Bunge’s trading and merchandising business.  Sugar and ethanol inventories in Bunge’s industrial production business are carried at lower of cost or market.
	(3)             Edible oil products inventories are generally carried at lower of cost or market, with the exception of readily marketable inventories of bulk soybean and canola oil which are carried at fair value in the aggregate amount of $68 million and $67 million at March 31, 2014 and December 31, 2013, respectively.
	(4)             Milling products and fertilizer inventories are carried at lower of cost or market.

OTHER_CURRENT_ASSETS

OTHER CURRENT ASSETS	3 Months Ended
	Mar. 31, 2014
OTHER CURRENT ASSETS	'
OTHER CURRENT ASSETS	'
	6.                                      OTHER CURRENT ASSETS
	Other current assets consist of the following:
		March 31,		December 31,
	(US$ in millions)	2014		2013
	Prepaid commodity purchase contracts (1)	$	306	$	220
	Secured advances to suppliers, net (2)	558		555
	Unrealized gains on derivative contracts, at fair value	2,092		1,561
	Recoverable taxes, net	385		442
	Margin deposits (3)	418		305
	Marketable securities, at fair value	127		162
	Deferred purchase price receivable, at fair value (4)	90		96
	Prepaid expenses	303		261
	Other	812		835
	Total	$	5,091	$	4,437
	(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 $19 million and $20 million at March 31, 2014 and December 31, 2013, respectively.
	Interest earned on secured advances to suppliers of $11 million and $9 million for the three months ended March 31, 2014 and 2013, respectively, is included in net sales in the condensed consolidated statements of income.
	(3)             Margin deposits include U.S. treasury securities at fair value and cash.
	(4)       Deferred purchase price receivable represents additional credit support for the investment conduits in Bunge’s accounts receivables sales program (see Note 12).

OTHER_NONCURRENT_ASSETS

OTHER NON-CURRENT ASSETS	3 Months Ended
	Mar. 31, 2014
OTHER NON-CURRENT ASSETS	'
OTHER NON-CURRENT ASSETS	'
	7.                                      OTHER NON-CURRENT ASSETS
	Other non-current assets consist of the following:
		March 31,			December 31,
	(US$ in millions)	2014			2013
	Recoverable taxes, net (1)	$	330		$	283
	Judicial deposits (1)	163			153
	Other long-term receivables	39			40
	Income taxes receivable (1)	313			304
	Long-term investments	301			296
	Affiliate loans receivable, net	37			25
	Long-term receivables from farmers in Brazil, net (1)	133			134
	Other	187			176
	Total	$	1,503		$	1,411
	(1)                                     These non-current assets arise primarily from our Brazilian operations and their realization could take in excess of five years.
	Recoverable taxes, net — Recoverable taxes are reported net of valuation allowances of $49 million and $57 million at March 31, 2014 and December 31, 2013, 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 (the benchmark rate of the Brazilian central bank).
	Income taxes receivable — Income taxes receivable at March 31, 2014 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 (the benchmark rate of the Brazilian central bank).
	Long-term investments — Long-term investments represent primarily investments held by certain managed investment funds, which are included in Bunge’s condensed consolidated financial statements. The consolidated funds are, for 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 $246 million and $238 million at March 31, 2014 and December 31, 2013, respectively.
	Affiliate loans receivable, net — Affiliate loans receivable, net is primarily interest bearing receivables from unconsolidated affiliates with an initial maturity of greater than one year.
	Long-term receivables from farmers in Brazil, net — Bunge provides financing to farmers in Brazil, primarily through secured advances against farmer commitments to deliver agricultural commodities (primarily soybeans) upon harvest of the then-current year’s crop and through credit sales of fertilizer to farmers.
	The table below summarizes Bunge’s recorded investment in long-term receivables from farmers in Brazil for amounts in the legal collection process and renegotiated amounts.
		March 31,			December 31,
	(US$ in millions)	2014			2013
	Legal collection process (1)	$	199		$	213
	Renegotiated amounts (2)	120			117
	Total	$	319		$	330
	(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 three months ended March 31, 2014 and the year ended December 31, 2013 was $308 million and $363 million, respectively.  The table below summarizes Bunge’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.
		March 31, 2014						December 31, 2013
		Recorded						Recorded
	(US$ in millions)	Investment			Allowance			Investment		Allowance
	For which an allowance has been provided:
	Legal collection process	$	125		$	119		$	139	$	132
	Renegotiated amounts	70			66			84		64
	For which no allowance has been provided:
	Legal collection process	74			—			74		—
	Renegotiated amounts	50			—			33		—
	Total	$	319		$	185		$	330	$	196
	The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil.
		Three Months Ended
		March 31,
	(US$ in millions)	2014			2013
	Beginning balance	$	196		$	224
	Bad debt provisions	2			1
	Recoveries	(2		)	(3		)
	Write-offs	(21		)	—
	Transfers	4			—
	Foreign exchange translation	6			2
	Ending balance	$	185		$	224

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2014
INCOME TAXES	'
INCOME TAXES	'
	8.                                      INCOME TAXES
	Income tax expense is provided on an interim basis based on management’s estimate of the annual effective income tax rate and includes the tax effects of certain discrete items, such as changes in tax laws or tax rates or other unusual or nonrecurring tax adjustments in the interim period in which they occur.  In addition, jurisdictions with a projected loss for the year or a year-to-date loss where no tax benefit can be recognized are excluded from the estimated annual effective tax rate. The effective tax rate is highly dependent on the geographic distribution of Bunge’s worldwide earnings or losses and tax regulations in each jurisdiction.  Management regularly monitors the assumptions used in estimating its annual effective tax rate and adjusts estimates accordingly.  If actual results differ from management’s estimates, reported income tax expense in future periods could be materially affected.
	For the three months ended March 31, 2014 and 2013, income tax expense related to continuing operations was $30 million and $73 million, respectively. The related effective tax rates were 187% and 30%, respectively, and included discrete tax items of $5 million and $31 million, respectively.  The high effective tax rate for the quarter ended March 31, 2014 resulted from low net earnings that included profits in higher tax jurisdictions that were largely offset by losses in entities where no tax benefit is recorded as these entities, primarily in Bunge’s sugar segment, have cumulative taxable losses.
	As a global enterprise, Bunge files income tax returns that are subject to periodic examination and challenge by federal, state and foreign tax authorities.  In many jurisdictions, income tax examinations, including settlement negotiations or litigation, may take several years to finalize.  While it is often difficult to predict the final outcome or timing of resolution of any particular matter, management believes that the condensed consolidated financial statements reflect the largest amount of tax benefit that will be more likely than not realized.  During the three months ended March 31, 2014, Bunge increased its liability for uncertain tax positions in North America resulting in a $5 million charge to income tax expense.
	As of March 31, 2014 and December 31, 2013, Bunge had received from the Brazilian tax authorities proposed adjustments totaling an aggregate amount of 1,410 million Brazilian reals ($623 million and $603 million, respectively) plus applicable interest and penalties, related to multiple examinations of income tax returns for certain subsidiaries for years up to 2009. Management, in consultation with external legal advisors, has reviewed and responded to the proposed adjustments and believes that it is more likely than not that Bunge will prevail on the majority of the proposed adjustments. As of March 31, 2014 and December 31, 2013, Bunge had recognized uncertain tax positions related to these tax assessments of 192 million Brazilian reals ($85 million and $82 million), respectively.
	In addition, as of March 31, 2014 and December 31, 2013, Bunge’s Argentine subsidiary had received an income tax assessment relating to fiscal years 2006 and 2007 with a claim of approximately 436 million Argentine pesos (approximately $54 million and $67 million as of March 31, 2014 and December 31, 2013, respectively), plus previously accrued interest on the outstanding amount due of approximately 789 million and 750 million Argentine pesos as of March 31, 2014 and December 31, 2013, respectively (approximately $99 million and $115 million, respectively).  Fiscal years 2008 and 2009 are currently being audited by the tax authorities. It is likely that the tax authorities will also audit fiscal years 2010-2012, although no notice has been rendered to Bunge’s Argentine subsidiary (see also Note 14).

OTHER_CURRENT_LIABILITIES

OTHER CURRENT LIABILITIES	3 Months Ended
	Mar. 31, 2014
OTHER CURRENT LIABILITIES	'
OTHER CURRENT LIABILITIES	'
	9.                                      OTHER CURRENT LIABILITIES
	Other current liabilities consist of the following:
		March 31,		December 31,
	(US$ in millions)	2014		2013
	Accrued liabilities	$	1,027	$	940
	Unrealized losses on derivative contracts at fair value	1,867		1,401
	Advances on sales	276		330
	Other	132		347
	Total	$	3,302	$	3,018

FINANCIAL_INSTRUMENTS_AND_FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2014
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	'
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	'
	10.                               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 12 for deferred purchase price receivable (DPP) related to sales of trade receivables. See Note 7 for long-term receivables from farmers in Brazil, net and other long-term investments and Note 11 for long-term debt. 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 topic 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
		March 31, 2014												December 31, 2013
	(US$ in millions)	Level 1			Level 2			Level 3			Total			Level 1			Level 2		Level 3		Total
	Assets:
	Readily marketable inventories (Note 5)	$	—		$	3,974		$	1,075		$	5,049		$	—		$	4,041	$	298	$	4,339
	Trade accounts receivable(1)	—			1			7			8			—			5		1		6
	Unrealized gain on designated derivative contracts(2):
	Foreign exchange	—			7			—			7			—			7		—		7
	Unrealized gain on undesignated derivative contracts (2):
	Foreign exchange	23			750			—			773			5			346		—		351
	Commodities	273			774			185			1,232			408			585		138		1,131
	Freight	61			3			2			66			59			—		—		59
	Energy	12			—			2			14			11			—		2		13
	Deferred purchase price receivable (Note 12)	—			90			—			90			—			96		—		96
	Other (3)	100			97			—			197			59			22		—		81
	Total assets	$	469		$	5,696		$	1,271		$	7,436		$	542		$	5,102	$	439	$	6,083
	Liabilities:
	Trade accounts payable(1)	$	—		$	393		$	470		$	863		$	—		$	381	$	76	$	457
	Unrealized loss on designated derivative contracts (4):
	Foreign exchange	—			19			—			19			—			11		—		11
	Unrealized loss on undesignated derivative contracts (4):
	Interest rate	—			1			—			1			—			—		—		—
	Foreign exchange	46			518			—			564			5			373		—		378
	Commodities	365			684			98			1,147			361			439		89		889
	Freight	83			—			20			103			81			—		14		95
	Energy	17			—			17			34			11			—		17		28
	Total liabilities	$	511		$	1,615		$	605		$	2,731		$	458		$	1,204	$	196	$	1,858
	(1)                Trade accounts receivable and payable are generally accounted for at amortized cost, with the exception of $8 million and $863 million, at March 31, 2014 and $6 million and $457 million at December 31, 2013, 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 March 31, 2014 and December 31, 2013, 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 March 31, 2014 and December 31, 2013, 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 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 — Readily marketable inventories 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 readily marketable inventories at fair value in the condensed consolidated balance sheets and condensed 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 readily marketable inventories at fair value in the condensed consolidated balance sheets and condensed 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 over-the-counter 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 March 31, 2014 and December 31, 2013, respectively.
	Level 3 Readily marketable inventories and other — The significant unobservable inputs resulting in Level 3 classification for readily marketable inventories, 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 three months ended March 31, 2014 and 2013.  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
		Three Months Ended March 31, 2014
					Readily			Trade Accounts
		Derivatives,			Marketable			Receivable/
	(US$ in millions)	Net (1)			Inventories			Payable, Net(2)			Total
	Balance, January 1, 2014	$	20		$	298		$	(75	)	$	243
	Total gains and losses (realized/unrealized) included in cost of goods sold	65			12			—			77
	Purchases	13			1,089			(1		)	1,101
	Sales	(4		)	(377		)	8			(373		)
	Issuances	—			—			(393		)	(393		)
	Settlements	(32		)	—			(1		)	(33		)
	Transfers into Level 3	(16		)	127			(7		)	104
	Transfers out of Level 3	8			(74		)	6			(60		)
	Balance, March 31, 2014	$	54		$	1,075		$	(463	)	$	666
(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
	Three Months Ended March 31, 2013
				Readily			Trade Accounts
	Derivatives,			Marketable			Receivable/
(US$ in millions)	Net (1)			Inventories			Payable, Net (2)			Total
Balance, January 1, 2013	$	66		$	436		$	(40	)	$	462
Total gains and losses (realized/unrealized) included in cost of goods sold	(24		)	(84		)	71			(37		)
Purchases	—			952			—			952
Sales	—			(266		)	—			(266		)
Issuances	—			—			(422		)	(422		)
Settlements	(73		)	—			—			(73		)
Transfers into Level 3	(1		)	149			(58		)	90
Transfers out of Level 3	1			—			—			1
Balance, March 31, 2013	$	(31	)	$	1,187		$	(449	)	$	707
(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 table below summarizes changes in unrealized gains or (losses) recorded in earnings during the three months ended March 31, 2014 and 2013 for Level 3 assets and liabilities that were held at March 31, 2014 and 2013.
	Level 3 Instruments
	Fair Value Measurements
	Three Months Ended
				Readily			Trade Accounts
	Derivatives,			Marketable			Receivable and
(US$ in millions)	Net (1)			Inventories			Payable, Net(2)			Total
Changes in unrealized gains and (losses) relating to assets and liabilities held at March 31, 2014
Cost of goods sold	$	93		$	56		$	(51	)	$	98
Changes in unrealized gains and (losses) relating to assets and liabilities held at March 31, 2013
Cost of goods sold	$	(106	)	$	703		$	(351	)	$	246
(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 — Interest rate swaps used by Bunge as hedging instruments are recorded at fair value in the condensed consolidated balance sheets with changes in fair value recorded contemporaneously in earnings.  Certain of these swap agreements may be designated as fair value hedges.  The carrying amount of the associated hedged debt is also 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.  Bunge may enter into interest rate swap agreements for the purpose of managing certain of its interest rate exposures.  Bunge may also enter into interest rate basis swap agreements that do not qualify as hedges for accounting purposes.  Changes in fair value of such interest rate basis swap agreements are recorded in earnings.
Foreign exchange derivatives — Bunge uses a combination of foreign exchange forward, 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.
	March 31, 2014
	Exchange Traded
	Net (Short)			Non-exchange Traded						Unit of
(US$ in millions)	& Long (1)			(Short) (2)			Long (2)			Measure
Foreign Exchange
Options	$	(3	)	$	(44	)	$	68		Delta
Forwards	—			(17,525		)	15,244			Notional
Futures	(1		)	—			—			Notional
Swaps	—			(17		)	75			Notional
(1)             Exchange traded futures and options are presented on a net (short) and long position basis.
(2)             Non-exchange traded swaps, options and forwards are presented on a gross (short) and long position basis.
Commodity derivatives — Bunge uses 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.
	March 31, 2014
	Exchange Traded
	Net (Short) &		Non-exchange Traded				Unit of
	Long (1)		(Short) (2)		Long (2)		Measure
Agricultural Commodities
Futures	(7,122,877	)	—		—		Metric Tons
Options	(2,588,486	)	(202,310	)	843,530		Metric Tons
Forwards	(16,786	)	(38,020,243	)	27,216,747		Metric Tons
Swaps	25,000		—		—		Metric Tons
(1)             Exchange traded futures and options are presented on a net (short) and long position basis.
(2)             Non-exchange traded swaps, options and forwards are presented on a gross (short) and long position basis.
Ocean freight derivatives — Bunge uses derivative instruments referred to as freight forward agreements, or 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 March 31, 2014 and December 31, 2013, respectively.
The table below summarizes the open ocean freight positions.
	March 31, 2014
	Exchange Cleared
	Net (Short) &		Non-exchange Cleared				Unit of
	Long (1)		(Short) (2)		Long (2)		Measure
Ocean Freight
FFA	(2,083	)	—		—		Hire Days
FFA Options	(9,530	)	—		—		Hire Days
(1)             Exchange cleared futures and options are presented on a net (short) and long position basis.
(2)             Non-exchange cleared options and forwards are presented on a gross (short) and long position basis.
Energy derivatives — Bunge uses 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.
	March 31, 2014
	Exchange Traded
	Net (Short) &		Non-exchange Cleared				Unit of
	Long (1)		(Short) (2)		Long (2)		Measure (3)
Natural Gas (3)
Futures	(4,291,561	)	—		—		MMBtus
Swaps	—		—		303,318		MMBtus
Options	3,276,626		—		—		MMBtus
Energy—Other
Futures	584,986		—		—		Metric Tons
Forwards	—		(450	)	37,948,884		Metric Tons
Swaps	(25,000	)	—		—		Metric Tons
Options	(82,829	)	—		—		Metric Tons
(1)             Exchange traded and exchange cleared futures and options are presented on a net (short) and long position basis.
(2)             Non-exchange cleared swaps, options and forwards are presented on a gross (short) and long position basis.
(3)             Million British Thermal Units (MMBtus) are the standard unit of measurement used to denote an amount of natural gas.
The Effect of Derivative Instruments on the Condensed 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 condensed consolidated statements of income for the three months ended March 31, 2014 and 2013.
			Gain or (Loss) Recognized in
			Income on Derivative Instruments
			Three Months Ended March 31,
(US$ in millions)	Location		2014			2013
Undesignated Derivative Contracts:
Foreign Exchange	Foreign exchange gains (losses)		$	77		$	10
Foreign Exchange	Income (loss) from discontinued operations, net of tax		—			1
Foreign Exchange	Cost of goods sold		160			137
Commodities	Cost of goods sold		(541		)	88
Freight	Cost of goods sold		(23		)	(10		)
Energy	Cost of goods sold		—			3
Total			$	(327	)	$	229
The table below summarizes the effect of derivative instruments that are designated and qualify as cash flow and net investment hedges on the condensed consolidated statement of income for the three months ended March 31, 2014.
	Three Months Ended March 31, 2014
				Gain or			Gain or (Loss)
				(Loss)			Reclassified from
				Recognized in			Accumulated OCI into					Gain or (Loss) Recognized
	Notional			Accumulated			Income (1)					in Income on Derivatives
(US$ in millions)	Amount			OCI (1)			Location		Amount			Location		Amount (2)
Cash Flow Hedge:
Foreign Exchange (3)	$	349		$	15		Foreign exchange gains (losses)		$	(1	)	Cost of goods sold		$	—
Total	$	349		$	15				$	(1	)			$	—
Net Investment Hedge:
Foreign Exchange (3)	$	566		$	(28	)	Foreign exchange gains (losses)		$	—		Foreign exchange gains (losses)		$	—
Total	$	566		$	(28	)			$	—				$	—
(1)             The gain (loss) recognized relates to the effective portion of the hedging relationship.  At March 31, 2014, Bunge expects to reclassify into income in the next 12 months $15 million after-tax gain (loss) related to its foreign exchange cash flow hedges.
(2)             There was no gain or loss recognized in income relating to the ineffective portion of the hedging relationships or relating to amounts excluded from the assessment of hedge effectiveness.
(3)             The foreign exchange contracts mature at various dates in 2014.
The table below summarizes the effect of derivative instruments that are designated and qualify as cash flow hedges on the condensed consolidated statement of income for the three months ended March 31, 2013.
	Three Months Ended March 31, 2013
				Gain or			Gain or (Loss)
				(Loss)			Reclassified from
				Recognized in			Accumulated OCI into					Gain or (Loss) Recognized
	Notional			Accumulated			Income (1)					in Income on Derivatives
(US$ in millions)	Amount			OCI (1)			Location		Amount			Location		Amount (2)
Cash Flow Hedge:
Foreign Exchange (3)	$	186		$	2		Cost of goods sold		$	—		Cost of goods sold		$	—
Total	$	186		$	2				$	—				$	—
Net Investment Hedge:
Foreign Exchange (3)	$	300		$	9		Foreign exchange gains (losses)		$	—		Foreign exchange gains (losses)		$	—
Total	$	300		$	9				$	—				$	—
(1)             The gain or (loss) recognized relates to the effective portion of the hedging relationship.  At March 31, 2013, Bunge expected to reclassify into income in the next 12 months approximately $2 million of after-tax gains related to its foreign exchange cash flow 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 mature at various dates in 2013.

DEBT

DEBT

3 Months Ended

Mar. 31, 2014

DEBT

'

DEBT

'

11.                               DEBT

On March 17, 2014, Bunge entered into an unsecured $1,750 million three-year syndicated revolving credit facility (the Facility) with an option to request an extension of the maturity date for two additional one-year periods. Each lender in its sole discretion may agree to any such request. Borrowings under the Facility will bear interest at LIBOR plus a margin, which will vary from 0.70% to 1.70%, based on the credit ratings of Bunge’s senior long-term unsecured debt. The Company is also required to pay fees that vary from 0.10% to 0.40% 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. This Facility replaced the $1,750 million revolving facility agreement dated March 23, 2011. There were no borrowings outstanding under this Facility at March 31, 2014.

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. The Liquidity Facility, which matures in November 2016, permits Bunge, at its option, to set up direct borrowings or issue commercial paper. The cost of borrowing under the Liquidity Facility would typically be higher than the cost of borrowing under Bunge’s commercial paper program. At March 31, 2014, there was $150 million outstanding under the commercial paper program and no borrowings under the Liquidity Facility. At December 31, 2013, there was $100 million outstanding under the commercial paper program and no borrowings under the Liquidity Facility.

At March 31, 2014, Bunge had $3,550 million of unused and available borrowing capacity under its committed credit facilities with a number of lending institutions.

The fair value of Bunge’s long-term debt is based on interest rates currently available on comparable maturities to companies with credit standing similar to that of Bunge.  The carrying amounts and fair value of long-term debt are as follows:

March 31, 2014

December 31, 2013

Carrying

Fair Value

Fair Value

Carrying

Fair Value

Fair Value

(US$ in millions)

Value

(Level 2)

(Level 3)

Value

(Level 2)

(Level 3)

Long-term debt, including current portion

$

4,640

$

4,622

$

278

$

3,941

$

3,917

$

257

TRADE_RECEIVABLES_SECURITIZATI

TRADE RECEIVABLES SECURITIZATION PROGRAM	3 Months Ended
	Mar. 31, 2014
TRADE RECEIVABLES SECURITIZATION PROGRAM	'
TRADE RECEIVABLES SECURITIZATION PROGRAM	'
	12.         TRADE RECEIVABLESSECURITIZATION PROGRAM
	Bunge and certain of its subsidiaries participate in a trade receivables securitization program (the Program) with a financial institution, as administrative agent, and certain commercial paper conduit purchasers and committed purchasers (collectively, the Purchasers) that provides for funding up to $700 million against receivables sold into the Program. The securitization 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 (DPP), which is expected to be generally between 10% and 15% of the aggregate amount of receivables sold through the Program.
	Bunge Finance B.V. (BFBV), 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. However, each committed purchaser’s commitment to fund trade receivables sold under the Program will terminate on May 28, 2014 unless extended for an additional period in accordance with the terms of the receivables transfer agreement. The trade receivables sold under the Program are subject to specified eligibility criteria, including eligible currencies, country and obligor concentration limits. At March 31, 2014 and December 31, 2013, BSBV had short-term liabilities to the administrative agent of $48 million and $54 million, respectively.
	As of March 31, 2014 and December 31, 2013, $683 million and $696 million, respectively, of receivables sold under the Program were derecognized from Bunge’s condensed consolidated balance sheets.  Proceeds received in cash related to transfers of receivables under the Program totaled $3,007 million and $3,017 million for the three months ended March 31, 2014 and 2013, respectively.  In addition, cash collections from customers on receivables previously sold were $3,066 million and $3,177 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 three months ended March 31, 2014 and 2013 were $3,115 million and $3,174 million, respectively.  These sales resulted in discounts of $2 million for each of the three month periods ended March 31, 2014 and 2013, which were included in SG&A in the condensed 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 accounts receivable is limited to the DPP, which at March 31, 2014 and December 31, 2013 had a fair value of $90 million and $96 million, respectively, and is included in other current assets in the condensed 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 accounts receivable sold under the Program during the three months ended March 31, 2014 and 2013 were insignificant.  Bunge has reflected all cash flows under the Program as operating cash flows in the condensed consolidated statements of cash flows.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2014
RELATED PARTY TRANSACTIONS	'
RELATED PARTY TRANSACTIONS	'
	13.                               RELATED PARTY TRANSACTIONS
	Bunge purchased soybeans, other commodity products and phosphate-based products from certain of its unconsolidated investees, totaling $243 million and $129 million for the three months ended March 31, 2014 and 2013, respectively.  Bunge also sold soybeans and other commodity products to certain of its unconsolidated investees, totaling $112 million and $181 million for the three months ended March 31, 2014 and 2013, respectively.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2014
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	14.          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 March 31, 2014 and December 31, 2013 are the following amounts related to these matters:
		March 31,		December 31,
	(US$ in millions)	2014		2013
	Tax claims	$	75	$	59
	Labor claims	74		76
	Civil and other claims	108		101
	Total	$	257	$	236
	Tax claims — The 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. Bunge monitors the Brazilian federal and state governments’ responses to recent Brazilian Supreme Court decisions invalidating certain ICMS incentives and benefits granted by various states on constitutional grounds. While Bunge was not a recipient of any of the incentives and benefits that were the subject of the Supreme Court decisions, it has received certain tax incentives and benefits. Bunge has not received any tax assessment related to the validity of ICMS incentives or benefits it has received and, based on its assessment of the matter under the provisions of GAAP, no liability has been recorded in the condensed consolidated financial statements.
	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, in October 2010, the Argentine tax authorities carried out inspections at several of Bunge’s locations in Argentina relating to allegations of income tax evasion covering the periods from 2007 to 2009. In December 2012, Bunge’s Argentine subsidiary received an income tax assessment relating to fiscal years 2006 and 2007 with a claim of approximately 436 million Argentine pesos (approximately $54 million as of March 31, 2014), plus previously accrued interest on the outstanding amount due of approximately 789 million Argentine pesos (approximately $99 million as of March 31, 2014). Bunge’s Argentine subsidiary has appealed this assessment before the National Tax Court. Fiscal years 2008 and 2009 are currently being audited by the tax authorities. It is likely that the tax authorities will also audit fiscal years 2010-2012, although no notice has been rendered to Bunge’s Argentine subsidiary. Additionally, in April 2011, the Argentine tax authorities conducted inspections of Bunge’s locations and those of several other grain exporters with respect to allegations of evasion of liability for value-added taxes and an inquest proceeding has been initiated in the first quarter of 2012 to determine whether there is any potential criminal culpability relating to these matters. Also during 2011, Bunge paid $112 million of accrued export tax obligations in Argentina under protest while reserving all of its rights in respect of such payment. In the first quarter of 2012, the Argentine tax authorities assessed interest on these paid export taxes, which as of March 31, 2014, would total approximately $154 million. Additionally, in April 2012, the Argentine government suspended Bunge’s Argentine subsidiary from a registry of grain traders and, in October 2012, the government excluded Bunge’s subsidiary from this registry in connection with the income tax allegations. These actions primarily result in additional administrative requirements and increased logistical costs on domestic grain shipments within Argentina. While the suspension and exclusion have not had a material adverse effect on Bunge’s business in Argentina, Bunge is challenging the exclusion from the grain registry in the Argentine courts. Management believes that these tax-related allegations and claims are without merit and intends to vigorously defend against them. However, management is, at this time, unable to predict their outcome.
	In December, 2012, the Brazilian tax authorities concluded an examination of the PIS COFINS tax returns of one of Bunge’s Brazilian subsidiaries for the years 2004-2007 and proposed adjustments totaling approximately 287 million Brazilian reals ($127 million) plus applicable interest and penalties. Management, in consultation with external legal advisors, has reviewed and responded to the proposed adjustments. In conjunction with this review, management has established appropriate reserves for potential exposures.
	Labor claims — The labor claims are principally claims against Bunge’s Brazilian subsidiaries. The labor claims primarily relate to dismissals, severance, health and safety, salary adjustments and supplementary retirement benefits.
	Civil and other — The civil and other claims relate to various disputes with third parties, including suppliers and customers.
	Guarantees — Bunge has issued or was a party to the following guarantees at March 31, 2014:
		Maximum
		Potential
		Future
	(US$ in millions)	Payments
	Unconsolidated affiliates financing (1)	$	49
	Residual value guarantee (2)	93
	Total	$	142
	(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 2014 through 2018. There are no recourse provisions or collateral that would enable Bunge to recover any amounts paid under these guarantees. At March 31, 2014, 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 2019. At March 31, 2014, Bunge’s recorded obligation related to these guarantees was $4 million.
	In addition, Bunge Limited has provided full and unconditional parent level guarantees of the outstanding indebtedness under certain credit facilities and senior notes entered into, or issued by, its subsidiaries.  At March 31, 2014, Bunge’s condensed consolidated balance sheet includes debt with a carrying amount of $4,663 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.

EQUITY

EQUITY	3 Months Ended
	Mar. 31, 2014
EQUITY	'
EQUITY	'
	15.          EQUITY
	Share repurchase program — Bunge has established a program for the repurchase of up to $975 million of Bunge’s issued and outstanding common shares.  The program runs indefinitely. Bunge repurchased 1,164,000 common shares for $92 million during the three months ended March 31, 2014. Total repurchases under the program from its inception on June 8, 2010 through March 31, 2014 were 9,811,859 shares for $566 million.
	Accumulated other comprehensive income (loss) attributable to Bunge — The following table summarizes the balances of related after-tax components of accumulated other comprehensive income (loss) attributable to Bunge:
								Pension
		Foreign			Deferred			and Other			Unrealized			Accumulated
		Exchange			Gains Losses			Postretirement			Gains Losses			Other
		Translation			on Hedging			Liability			on			Comprehensive
	(US$ in millions)	Adjustment			Activities			Adjustments			Investments			Income (Loss)
	Balance, December 31, 2013	$	(2,486	)	$	(22	)	$	(69	)	$	5		$	(2,572	)
	Other comprehensive income (loss) before reclassifications	123			(13		)	—			—			110
	Amount reclassified from accumulated other comprehensive income	—			1			—			—			1
	Balance, March 31, 2014	$	(2,363	)	$	(34	)	$	(69	)	$	5		$	(2,461	)
								Pension
		Foreign			Deferred			and Other			Unrealized			Accumulated
		Exchange			Gains Losses			Postretirement			Gains Losses			Other
		Translation			on Hedging			Liability			on			Comprehensive
	(US$ in millions)	Adjustment			Activities			Adjustments			Investments			Income (Loss)
	Balance, December 31, 2012	$	(1,265	)	$	3		$	(157	)	$	9		$	(1,410	)
	Other comprehensive income (loss) before reclassifications	76			11			—			—			87
	Amount reclassified from accumulated other comprehensive income	—			—			—			(3		)	(3		)
	Balance, March 31, 2013	$	(1,189	)	$	14		$	(157	)	$	6		$	(1,326	)

EARNINGS_PER_COMMON_SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Mar. 31, 2014
EARNINGS PER COMMON SHARE	'
EARNINGS PER COMMON SHARE	'
	16.                               EARNINGS PER COMMON SHARE
	The following table sets forth the computation of basic and diluted earnings per common share.
		Three Months Ended
		March 31,
	(US$ in millions, except for share data)	2014			2013
	Income (loss) from continuing operations	$	(14	)	$	157
	Net (income) loss attributable to noncontrolling interests	6			32
	Income from continuing operations attributable to Bunge	(8		)	189
	Other redeemable obligations (1)	(6		)	(2		)
	Convertible preference share dividends	(8		)	(8		)
	Income (loss) from discontinued operations, net of tax	(5		)	(9		)
	Net income available to Bunge common shareholders	$	(27	)	$	170
	Weighted-average number of common shares outstanding:
	Basic	147,497,638			146,648,822
	Effect of dilutive shares:
	—stock options and awards (2)	—			1,218,995
	—convertible preference shares	—			—
	Diluted	147,497,638			147,867,817
	Basic earnings per common share:
	Net income (loss) from continuing operations	$	(0.15	)	$	1.22
	Net income (loss) from discontinued operations	(0.03		)	(0.06		)
	Net income attributable to Bunge common shareholders—basic	$	(0.18	)	$	1.16
	Diluted earnings per common share:
	Net income (loss) from continuing operations	$	(0.15	)	$	1.21
	Net income (loss) from discontinued operations	(0.03		)	(0.06		)
	Net income attributable to Bunge common shareholders—diluted	$	(0.18	)	$	1.15
	(1)       Accretion of redeemable noncontrolling interests of $6 million and $2 million for the three months ended March 31, 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 Eastern Europe. Accretion for the respective periods includes the effect of losses incurred by the operations for the three months ended March 31, 2014, and 2013, respectively.
	(2)       Approximately 3 million and 4 million outstanding stock options and contingently issuable restricted stock units were not dilutive and not included in the weighted-average number of common shares outstanding for the three months ended March 31, 2014 and 2013, respectively, and for the three months ended March 31, 2014, excludes the dilutive effect of approximately 1 million incremental common shares. Approximately 8 million weighted-average common shares that are issuable upon conversion of the convertible preference shares were not dilutive and not included in the weighted-average number of common shares outstanding for both the three months ended March 31, 2014 and 2013.

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2014
SEGMENT INFORMATION	'
SEGMENT INFORMATION	'
	17.                               SEGMENT INFORMATION
	Bunge has five reportable segments—agribusiness, sugar and bioenergy, edible oil products, milling products 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 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. The edible oil products segment involves the manufacturing and marketing of products derived from vegetable oils. The milling products segment involves the manufacturing and marketing of products derived primarily from wheat and corn. 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 its 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 or inter-segment eliminations.”
	(US$ in millions)
								Edible									Discontinued
	Three Months Ended				Sugar and			Oil			Milling						Operations &
	March 31, 2014	Agribusiness			Bioenergy			Products			Products			Fertilizer			Unallocated (1)			Total
	Net sales to external customers	$	10,093		$	844		$	1,928		$	535		$	61		$	—		$	13,461
	Inter—segment revenues	849			—			37			—			1			(887		)	—
	Gross profit	253			(36		)	121			69			7			—			414
	Foreign exchange gains (losses)	16			5			1			—			—			—			22
	Noncontrolling interests	2			1			(3		)	—			(1		)	7			6
	Other income (expense) — net	—			5			2			—			(1		)	—			6
	Segment EBIT (2)	79			(64		)	22			32			6			—			75
	Discontinued operations (3)	—			—			—			—			—			(5		)	(5		)
	Depreciation, depletion and amortization	(56		)	(29		)	(24		)	(11		)	(4		)	—			(124		)
	Total assets	19,469			3,546			2,485			1,314			299			321			27,434
	Three Months Ended
	March 31, 2013
	Net sales to external customers	$	10,774		$	1,113		$	2,297		$	535		$	66		$	—		$	14,785
	Inter—segment revenues	1,417			—			20			—			9			(1,446		)	—
	Gross profit	398			57			116			63			13			—			647
	Foreign exchange gains (losses)	(41		)	3			(1		)	—			(1		)	—			(40		)
	Noncontrolling interests	26			1			—			—			(1		)	6			32
	Other income (expense) — net	(3		)	(1		)	8			6			29			—			39
	Segment EBIT (2)	191			23			38			36			35			—			323
	Discontinued operations (3)	—			—			—			—			—			(9		)	(9		)
	Depreciation, depletion and amortization	(60		)	(26		)	(24		)	(7		)	(4		)	—			(121		)
	Total assets	20,266			4,064			2,655			976			940			998			29,899
	(1)             Includes noncontrolling interests share of interest and tax to reconcile to consolidated noncontrolling interest.
	(2)             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.
	(3)             Represents net income (loss) from discontinued operations.
	A reconciliation of total segment EBIT to net income attributable to Bunge follows:
		Three Months Ended
		March 31,
	(US$ in millions)	2014			2013
	Total segment EBIT from continuing operations	$	75		$	323
	Interest income	19			9
	Interest expense	(79		)	(76		)
	Income tax (expense) benefit	(30		)	(73		)
	Income (loss) from discontinued operations, net of tax	(5		)	(9		)
	Noncontrolling interests’ share of interest and tax	7			6
	Net income attributable to Bunge	$	(13	)	$	180

BASIS_OF_PRESENTATION_AND_PRIN1

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION (Policies)	3 Months Ended
	Mar. 31, 2014
BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION	'
Basis of Presentation and Principles of Consolidation	'
	BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION
	The accompanying unaudited condensed consolidated financial statements include the accounts of Bunge Limited (Bunge), its subsidiaries and variable interest entities (VIEs) in which Bunge is considered to be the primary beneficiary, and as a result, include the assets, liabilities, revenues and expenses of all entities over which Bunge exercises control. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X under the Securities Exchange Act of 1934, as amended (Exchange Act).  Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to Securities and Exchange Commission (SEC) rules. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included. The condensed consolidated balance sheet at December 31, 2013 has been derived from Bunge’s audited consolidated financial statements at that date.  Operating results for the three months ended March 31, 2014 are not necessarily indicative of the results to be expected for the year ending December 31, 2014.  The financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2013, forming part of Bunge’s 2013 Annual Report on Form 10-K filed with the SEC on March 1, 2014.

ACCOUNTING_PRONOUNCEMENTS_Poli

ACCOUNTING PRONOUNCEMENTS (Policies)	3 Months Ended
	Mar. 31, 2014
ACCOUNTING PRONOUNCEMENTS	'
Adoption of Accounting Pronouncements	'
	Adoption of Accounting Pronouncements — In July 2013, the FASB issued guidance in ASC Topic 740, (Topic 740) Income Taxes (Topic 740). Topic 740 provided guidance regarding the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exist at the reporting date. The adoption of this amendment on January 1, 2014 did not have a significant impact on Bunge’s condensed consolidated financial statements.
	In February 2013, the FASB issued guidance in ASC (Topic 405) Liabilities: Obligations Resulting from Joint and Several Liability Arrangements for which the Total Amount of the Obligation Is Fixed at the Reporting Date.  The amended guidance addresses the recognition, measurement, and disclosure of certain obligations resulting from joint and several arrangements including debt arrangements, other contractual obligations, and settled litigation and judicial rulings. The ASU is effective for public entities for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this amendment on January 1, 2014 did not have a significant impact on Bunge’s condensed consolidated financial statements.
	New Accounting Pronouncements — In April 2014, the FASB amended existing guidance in ASC (Topic 205) Presentation of Financial Statements and ASC (Topic 360) Property, Plant and Equipment. The amendments in this Update improve the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results and requires expanded disclosures for discontinued operations. The amendments in this Update include several changes to Topic 360 to improve the organization and readability of Subtopic 205-20 and Subtopic 360-10, Property, Plant, and Equipment—Overall. The adoption of these amendments would expand Bunge’s disclosures but is not expected to impact Bunge’s consolidated financial position or results of operations.

INVENTORIES_Tables

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2014
INVENTORIES	'
Inventories by segment	'
		March 31,		December 31,
	(US$ in millions)	2014		2013
	Agribusiness (1)	$	5,185	$	4,498
	Sugar and Bioenergy (2)	486		549
	Edible Oil Products (3)	485		487
	Milling Products (4)	238		210
	Fertilizer (4)	58		52
	Total	$	6,452	$	5,796
	(1)             Includes readily marketable agricultural commodity inventories carried at fair value of $4,866 million and $4,163 million at March 31, 2014 and December 31, 2013, respectively.  Of these amounts $3,631 million and $2,927 million can be attributable to merchandising activities at March 31, 2014 and December 31, 2013, respectively. All other agribusiness segment inventories are carried at lower of cost or market.
	(2)             Includes readily marketable sugar inventories of $131 million and $182 million at March 31, 2014 and December 31, 2013, respectively.  Of these sugar inventories, $115 million and $109 million, respectively, are carried at fair value in Bunge’s trading and merchandising business.  Sugar and ethanol inventories in Bunge’s industrial production business are carried at lower of cost or market.
	(3)             Edible oil products inventories are generally carried at lower of cost or market, with the exception of readily marketable inventories of bulk soybean and canola oil which are carried at fair value in the aggregate amount of $68 million and $67 million at March 31, 2014 and December 31, 2013, respectively.
	(4)             Milling products and fertilizer inventories are carried at lower of cost or market.

OTHER_CURRENT_ASSETS_Tables

OTHER CURRENT ASSETS (Tables)	3 Months Ended
	Mar. 31, 2014
OTHER CURRENT ASSETS	'
Other current assets	'
		March 31,		December 31,
	(US$ in millions)	2014		2013
	Prepaid commodity purchase contracts (1)	$	306	$	220
	Secured advances to suppliers, net (2)	558		555
	Unrealized gains on derivative contracts, at fair value	2,092		1,561
	Recoverable taxes, net	385		442
	Margin deposits (3)	418		305
	Marketable securities, at fair value	127		162
	Deferred purchase price receivable, at fair value (4)	90		96
	Prepaid expenses	303		261
	Other	812		835
	Total	$	5,091	$	4,437
	(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 $19 million and $20 million at March 31, 2014 and December 31, 2013, respectively.
	Interest earned on secured advances to suppliers of $11 million and $9 million for the three months ended March 31, 2014 and 2013, respectively, is included in net sales in the condensed consolidated statements of income.
	(3)             Margin deposits include U.S. treasury securities at fair value and cash.
	(4)       Deferred purchase price receivable represents additional credit support for the investment conduits in Bunge’s accounts receivables sales program (see Note 12).

OTHER_NONCURRENT_ASSETS_Tables

OTHER NON-CURRENT ASSETS (Tables)	3 Months Ended
	Mar. 31, 2014
OTHER NON-CURRENT ASSETS	'
Schedule of other non-current assets	'
		March 31,			December 31,
	(US$ in millions)	2014			2013
	Recoverable taxes, net (1)	$	330		$	283
	Judicial deposits (1)	163			153
	Other long-term receivables	39			40
	Income taxes receivable (1)	313			304
	Long-term investments	301			296
	Affiliate loans receivable, net	37			25
	Long-term receivables from farmers in Brazil, net (1)	133			134
	Other	187			176
	Total	$	1,503		$	1,411
	(1)                                     These non-current assets arise primarily from our Brazilian operations and their realization could take in excess of five years.
Long-term receivables from Brazilian farmers	'
		March 31,			December 31,
	(US$ in millions)	2014			2013
	Legal collection process (1)	$	199		$	213
	Renegotiated amounts (2)	120			117
	Total	$	319		$	330
	(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	'
		March 31, 2014						December 31, 2013
		Recorded						Recorded
	(US$ in millions)	Investment			Allowance			Investment		Allowance
	For which an allowance has been provided:
	Legal collection process	$	125		$	119		$	139	$	132
	Renegotiated amounts	70			66			84		64
	For which no allowance has been provided:
	Legal collection process	74			—			74		—
	Renegotiated amounts	50			—			33		—
	Total	$	319		$	185		$	330	$	196
Summary of the activity in the allowance for doubtful accounts related to long-term receivables from Brazilian farmers	'
		Three Months Ended
		March 31,
	(US$ in millions)	2014			2013
	Beginning balance	$	196		$	224
	Bad debt provisions	2			1
	Recoveries	(2		)	(3		)
	Write-offs	(21		)	—
	Transfers	4			—
	Foreign exchange translation	6			2
	Ending balance	$	185		$	224

OTHER_CURRENT_LIABILITIES_Tabl

OTHER CURRENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2014
OTHER CURRENT LIABILITIES	'
Other current liabilities	'
		March 31,		December 31,
	(US$ in millions)	2014		2013
	Accrued liabilities	$	1,027	$	940
	Unrealized losses on derivative contracts at fair value	1,867		1,401
	Advances on sales	276		330
	Other	132		347
	Total	$	3,302	$	3,018

FINANCIAL_INSTRUMENTS_AND_FAIR1

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
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
		March 31, 2014												December 31, 2013
	(US$ in millions)	Level 1			Level 2			Level 3			Total			Level 1			Level 2		Level 3		Total
	Assets:
	Readily marketable inventories (Note 5)	$	—		$	3,974		$	1,075		$	5,049		$	—		$	4,041	$	298	$	4,339
	Trade accounts receivable(1)	—			1			7			8			—			5		1		6
	Unrealized gain on designated derivative contracts(2):
	Foreign exchange	—			7			—			7			—			7		—		7
	Unrealized gain on undesignated derivative contracts (2):
	Foreign exchange	23			750			—			773			5			346		—		351
	Commodities	273			774			185			1,232			408			585		138		1,131
	Freight	61			3			2			66			59			—		—		59
	Energy	12			—			2			14			11			—		2		13
	Deferred purchase price receivable (Note 12)	—			90			—			90			—			96		—		96
	Other (3)	100			97			—			197			59			22		—		81
	Total assets	$	469		$	5,696		$	1,271		$	7,436		$	542		$	5,102	$	439	$	6,083
	Liabilities:
	Trade accounts payable(1)	$	—		$	393		$	470		$	863		$	—		$	381	$	76	$	457
	Unrealized loss on designated derivative contracts (4):
	Foreign exchange	—			19			—			19			—			11		—		11
	Unrealized loss on undesignated derivative contracts (4):
	Interest rate	—			1			—			1			—			—		—		—
	Foreign exchange	46			518			—			564			5			373		—		378
	Commodities	365			684			98			1,147			361			439		89		889
	Freight	83			—			20			103			81			—		14		95
	Energy	17			—			17			34			11			—		17		28
	Total liabilities	$	511		$	1,615		$	605		$	2,731		$	458		$	1,204	$	196	$	1,858
	(1)                Trade accounts receivable and payable are generally accounted for at amortized cost, with the exception of $8 million and $863 million, at March 31, 2014 and $6 million and $457 million at December 31, 2013, respectively, related to certain delivered inventory for which the receivable and payable, respectively, fluctuate based on changes in commodity prices. These receivables and payables are hybrid financial instruments for which Bunge has elected the fair value option.
	(2)                Unrealized gains on designated and undesignated derivative contracts are generally included in other current assets. There are no such amounts included in other non-current assets at March 31, 2014 and December 31, 2013, respectively.
	(3)                Other includes the fair values of marketable securities and investments in other current assets and other non-current assets.
	(4)                Unrealized losses on designated and undesignated derivative contracts are generally included in other current liabilities. There are no such amounts included in other non-current liabilities at March 31, 2014 and December 31, 2013, respectively.
Reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	'
		Level 3 Instruments
		Fair Value Measurements
		Three Months Ended March 31, 2014
					Readily			Trade Accounts
		Derivatives,			Marketable			Receivable/
	(US$ in millions)	Net (1)			Inventories			Payable, Net(2)			Total
	Balance, January 1, 2014	$	20		$	298		$	(75	)	$	243
	Total gains and losses (realized/unrealized) included in cost of goods sold	65			12			—			77
	Purchases	13			1,089			(1		)	1,101
	Sales	(4		)	(377		)	8			(373		)
	Issuances	—			—			(393		)	(393		)
	Settlements	(32		)	—			(1		)	(33		)
	Transfers into Level 3	(16		)	127			(7		)	104
	Transfers out of Level 3	8			(74		)	6			(60		)
	Balance, March 31, 2014	$	54		$	1,075		$	(463	)	$	666
	(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
		Three Months Ended March 31, 2013
					Readily			Trade Accounts
		Derivatives,			Marketable			Receivable/
	(US$ in millions)	Net (1)			Inventories			Payable, Net (2)			Total
	Balance, January 1, 2013	$	66		$	436		$	(40	)	$	462
	Total gains and losses (realized/unrealized) included in cost of goods sold	(24		)	(84		)	71			(37		)
	Purchases	—			952			—			952
	Sales	—			(266		)	—			(266		)
	Issuances	—			—			(422		)	(422		)
	Settlements	(73		)	—			—			(73		)
	Transfers into Level 3	(1		)	149			(58		)	90
	Transfers out of Level 3	1			—			—			1
	Balance, March 31, 2013	$	(31	)	$	1,187		$	(449	)	$	707
	(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
		Three Months Ended
					Readily			Trade Accounts
		Derivatives,			Marketable			Receivable and
	(US$ in millions)	Net (1)			Inventories			Payable, Net(2)			Total
	Changes in unrealized gains and (losses) relating to assets and liabilities held at March 31, 2014
	Cost of goods sold	$	93		$	56		$	(51	)	$	98
	Changes in unrealized gains and (losses) relating to assets and liabilities held at March 31, 2013
	Cost of goods sold	$	(106	)	$	703		$	(351	)	$	246
	(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
				Three Months Ended March 31,
	(US$ in millions)	Location		2014			2013
	Undesignated Derivative Contracts:
	Foreign Exchange	Foreign exchange gains (losses)		$	77		$	10
	Foreign Exchange	Income (loss) from discontinued operations, net of tax		—			1
	Foreign Exchange	Cost of goods sold		160			137
	Commodities	Cost of goods sold		(541		)	88
	Freight	Cost of goods sold		(23		)	(10		)
	Energy	Cost of goods sold		—			3
	Total			$	(327	)	$	229
Summary of effect of derivative instruments designated as cash flow and net investment hedges	'
		Three Months Ended March 31, 2014
					Gain or			Gain or (Loss)
					(Loss)			Reclassified from
					Recognized in			Accumulated OCI into					Gain or (Loss) Recognized
		Notional			Accumulated			Income (1)					in Income on Derivatives
	(US$ in millions)	Amount			OCI (1)			Location		Amount			Location		Amount (2)
	Cash Flow Hedge:
	Foreign Exchange (3)	$	349		$	15		Foreign exchange gains (losses)		$	(1	)	Cost of goods sold		$	—
	Total	$	349		$	15				$	(1	)			$	—
	Net Investment Hedge:
	Foreign Exchange (3)	$	566		$	(28	)	Foreign exchange gains (losses)		$	—		Foreign exchange gains (losses)		$	—
	Total	$	566		$	(28	)			$	—				$	—
	(1)             The gain (loss) recognized relates to the effective portion of the hedging relationship.  At March 31, 2014, Bunge expects to reclassify into income in the next 12 months $15 million after-tax gain (loss) related to its foreign exchange cash flow hedges.
	(2)             There was no gain or loss recognized in income relating to the ineffective portion of the hedging relationships or relating to amounts excluded from the assessment of hedge effectiveness.
	(3)             The foreign exchange contracts mature at various dates in 2014.
		Three Months Ended March 31, 2013
					Gain or			Gain or (Loss)
					(Loss)			Reclassified from
					Recognized in			Accumulated OCI into					Gain or (Loss) Recognized
		Notional			Accumulated			Income (1)					in Income on Derivatives
	(US$ in millions)	Amount			OCI (1)			Location		Amount			Location		Amount (2)
	Cash Flow Hedge:
	Foreign Exchange (3)	$	186		$	2		Cost of goods sold		$	—		Cost of goods sold		$	—
	Total	$	186		$	2				$	—				$	—
	Net Investment Hedge:
	Foreign Exchange (3)	$	300		$	9		Foreign exchange gains (losses)		$	—		Foreign exchange gains (losses)		$	—
	Total	$	300		$	9				$	—				$	—
	(1)             The gain or (loss) recognized relates to the effective portion of the hedging relationship.  At March 31, 2013, Bunge expected to reclassify into income in the next 12 months approximately $2 million of after-tax gains related to its foreign exchange cash flow hedges.
	(2)             There was no gain or loss recognized in income relating to the ineffective portion of the hedging relationships or to amounts excluded from the assessment of hedge effectiveness.
	(3)             The foreign exchange contracts mature at various dates in 2013.
Foreign Exchange Derivatives	'
Derivative Instruments	'
Summary of outstanding derivative instruments	'
		March 31, 2014
		Exchange Traded
		Net (Short)			Non-exchange Traded						Unit of
	(US$ in millions)	& Long (1)			(Short) (2)			Long (2)			Measure
	Foreign Exchange
	Options	$	(3	)	$	(44	)	$	68		Delta
	Forwards	—			(17,525		)	15,244			Notional
	Futures	(1		)	—			—			Notional
	Swaps	—			(17		)	75			Notional
	(1)             Exchange traded futures and options are presented on a net (short) and long position basis.
	(2)             Non-exchange traded swaps, options and forwards are presented on a gross (short) and long position basis.
Agricultural Commodity Derivatives	'
Derivative Instruments	'
Summary of outstanding derivative instruments	'
		March 31, 2014
		Exchange Traded
		Net (Short) &		Non-exchange Traded				Unit of
		Long (1)		(Short) (2)		Long (2)		Measure
	Agricultural Commodities
	Futures	(7,122,877	)	—		—		Metric Tons
	Options	(2,588,486	)	(202,310	)	843,530		Metric Tons
	Forwards	(16,786	)	(38,020,243	)	27,216,747		Metric Tons
	Swaps	25,000		—		—		Metric Tons
	(1)             Exchange traded futures and options are presented on a net (short) and long position basis.
	(2)             Non-exchange traded swaps, options and forwards are presented on a gross (short) and long position basis.
Ocean Freight Derivatives	'
Derivative Instruments	'
Summary of outstanding derivative instruments	'
		March 31, 2014
		Exchange Cleared
		Net (Short) &		Non-exchange Cleared				Unit of
		Long (1)		(Short) (2)		Long (2)		Measure
	Ocean Freight
	FFA	(2,083	)	—		—		Hire Days
	FFA Options	(9,530	)	—		—		Hire Days
	(1)             Exchange cleared futures and options are presented on a net (short) and long position basis.
	(2)             Non-exchange cleared options and forwards are presented on a gross (short) and long position basis.
Energy Derivatives	'
Derivative Instruments	'
Summary of outstanding derivative instruments	'
		March 31, 2014
		Exchange Traded
		Net (Short) &		Non-exchange Cleared				Unit of
		Long (1)		(Short) (2)		Long (2)		Measure (3)
	Natural Gas (3)
	Futures	(4,291,561	)	—		—		MMBtus
	Swaps	—		—		303,318		MMBtus
	Options	3,276,626		—		—		MMBtus
	Energy—Other
	Futures	584,986		—		—		Metric Tons
	Forwards	—		(450	)	37,948,884		Metric Tons
	Swaps	(25,000	)	—		—		Metric Tons
	Options	(82,829	)	—		—		Metric Tons
	(1)             Exchange traded and exchange cleared futures and options are presented on a net (short) and long position basis.
	(2)             Non-exchange cleared swaps, options and forwards are presented on a gross (short) and long position basis.
	(3)             Million British Thermal Units (MMBtus) are the standard unit of measurement used to denote an amount of natural gas.

DEBT_Tables

DEBT (Tables)

3 Months Ended

Mar. 31, 2014

DEBT

'

Schedule of carrying amounts and fair values of long-term debt

'

March 31, 2014

December 31, 2013

Carrying

Fair Value

Fair Value

Carrying

Fair Value

Fair Value

(US$ in millions)

Value

(Level 2)

(Level 3)

Value

(Level 2)

(Level 3)

Long-term debt, including current portion

$

4,640

$

4,622

$

278

$

3,941

$

3,917

$

257

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2014
COMMITMENTS AND CONTINGENCIES	'
Liabilities related to general claims and lawsuits included in other non-current liabilities	'
		March 31,		December 31,
	(US$ in millions)	2014		2013
	Tax claims	$	75	$	59
	Labor claims	74		76
	Civil and other claims	108		101
	Total	$	257	$	236
Maximum potential future payments related to guarantees	'
	Bunge has issued or was a party to the following guarantees at March 31, 2014:
		Maximum
		Potential
		Future
	(US$ in millions)	Payments
	Unconsolidated affiliates financing (1)	$	49
	Residual value guarantee (2)	93
	Total	$	142
	(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 2014 through 2018. There are no recourse provisions or collateral that would enable Bunge to recover any amounts paid under these guarantees. At March 31, 2014, 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 2019. At March 31, 2014, Bunge’s recorded obligation related to these guarantees was $4 million.

EQUITY_Tables

EQUITY (Tables)	3 Months Ended
	Mar. 31, 2014
EQUITY	'
Schedule of after-tax components of accumulated other comprehensive income (loss) attributable to Bunge	'
								Pension
		Foreign			Deferred			and Other			Unrealized			Accumulated
		Exchange			Gains Losses			Postretirement			Gains Losses			Other
		Translation			on Hedging			Liability			on			Comprehensive
	(US$ in millions)	Adjustment			Activities			Adjustments			Investments			Income (Loss)
	Balance, December 31, 2013	$	(2,486	)	$	(22	)	$	(69	)	$	5		$	(2,572	)
	Other comprehensive income (loss) before reclassifications	123			(13		)	—			—			110
	Amount reclassified from accumulated other comprehensive income	—			1			—			—			1
	Balance, March 31, 2014	$	(2,363	)	$	(34	)	$	(69	)	$	5		$	(2,461	)
								Pension
		Foreign			Deferred			and Other			Unrealized			Accumulated
		Exchange			Gains Losses			Postretirement			Gains Losses			Other
		Translation			on Hedging			Liability			on			Comprehensive
	(US$ in millions)	Adjustment			Activities			Adjustments			Investments			Income (Loss)
	Balance, December 31, 2012	$	(1,265	)	$	3		$	(157	)	$	9		$	(1,410	)
	Other comprehensive income (loss) before reclassifications	76			11			—			—			87
	Amount reclassified from accumulated other comprehensive income	—			—			—			(3		)	(3		)
	Balance, March 31, 2013	$	(1,189	)	$	14		$	(157	)	$	6		$	(1,326	)

EARNINGS_PER_COMMON_SHARE_Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2014
EARNINGS PER COMMON SHARE	'
Computation of basic and diluted earnings per common share	'
		Three Months Ended
		March 31,
	(US$ in millions, except for share data)	2014			2013
	Income (loss) from continuing operations	$	(14	)	$	157
	Net (income) loss attributable to noncontrolling interests	6			32
	Income from continuing operations attributable to Bunge	(8		)	189
	Other redeemable obligations (1)	(6		)	(2		)
	Convertible preference share dividends	(8		)	(8		)
	Income (loss) from discontinued operations, net of tax	(5		)	(9		)
	Net income available to Bunge common shareholders	$	(27	)	$	170
	Weighted-average number of common shares outstanding:
	Basic	147,497,638			146,648,822
	Effect of dilutive shares:
	—stock options and awards (2)	—			1,218,995
	—convertible preference shares	—			—
	Diluted	147,497,638			147,867,817
	Basic earnings per common share:
	Net income (loss) from continuing operations	$	(0.15	)	$	1.22
	Net income (loss) from discontinued operations	(0.03		)	(0.06		)
	Net income attributable to Bunge common shareholders—basic	$	(0.18	)	$	1.16
	Diluted earnings per common share:
	Net income (loss) from continuing operations	$	(0.15	)	$	1.21
	Net income (loss) from discontinued operations	(0.03		)	(0.06		)
	Net income attributable to Bunge common shareholders—diluted	$	(0.18	)	$	1.15
	(1)       Accretion of redeemable noncontrolling interests of $6 million and $2 million for the three months ended March 31, 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 Eastern Europe. Accretion for the respective periods includes the effect of losses incurred by the operations for the three months ended March 31, 2014, and 2013, respectively.
	(2)       Approximately 3 million and 4 million outstanding stock options and contingently issuable restricted stock units were not dilutive and not included in the weighted-average number of common shares outstanding for the three months ended March 31, 2014 and 2013, respectively, and for the three months ended March 31, 2014, excludes the dilutive effect of approximately 1 million incremental common shares. Approximately 8 million weighted-average common shares that are issuable upon conversion of the convertible preference shares were not dilutive and not included in the weighted-average number of common shares outstanding for both the three months ended March 31, 2014 and 2013.

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2014
SEGMENT INFORMATION	'
Operating Segment Information	'
	(US$ in millions)
								Edible									Discontinued
	Three Months Ended				Sugar and			Oil			Milling						Operations &
	March 31, 2014	Agribusiness			Bioenergy			Products			Products			Fertilizer			Unallocated (1)			Total
	Net sales to external customers	$	10,093		$	844		$	1,928		$	535		$	61		$	—		$	13,461
	Inter—segment revenues	849			—			37			—			1			(887		)	—
	Gross profit	253			(36		)	121			69			7			—			414
	Foreign exchange gains (losses)	16			5			1			—			—			—			22
	Noncontrolling interests	2			1			(3		)	—			(1		)	7			6
	Other income (expense) — net	—			5			2			—			(1		)	—			6
	Segment EBIT (2)	79			(64		)	22			32			6			—			75
	Discontinued operations (3)	—			—			—			—			—			(5		)	(5		)
	Depreciation, depletion and amortization	(56		)	(29		)	(24		)	(11		)	(4		)	—			(124		)
	Total assets	19,469			3,546			2,485			1,314			299			321			27,434
	Three Months Ended
	March 31, 2013
	Net sales to external customers	$	10,774		$	1,113		$	2,297		$	535		$	66		$	—		$	14,785
	Inter—segment revenues	1,417			—			20			—			9			(1,446		)	—
	Gross profit	398			57			116			63			13			—			647
	Foreign exchange gains (losses)	(41		)	3			(1		)	—			(1		)	—			(40		)
	Noncontrolling interests	26			1			—			—			(1		)	6			32
	Other income (expense) — net	(3		)	(1		)	8			6			29			—			39
	Segment EBIT (2)	191			23			38			36			35			—			323
	Discontinued operations (3)	—			—			—			—			—			(9		)	(9		)
	Depreciation, depletion and amortization	(60		)	(26		)	(24		)	(7		)	(4		)	—			(121		)
	Total assets	20,266			4,064			2,655			976			940			998			29,899
	(1)             Includes noncontrolling interests share of interest and tax to reconcile to consolidated noncontrolling interest.
	(2)             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.
	(3)             Represents net income (loss) from discontinued operations.
Reconciliation of total segment earnings before interest and tax to net income attributable to Bunge	'
		Three Months Ended
		March 31,
	(US$ in millions)	2014			2013
	Total segment EBIT from continuing operations	$	75		$	323
	Interest income	19			9
	Interest expense	(79		)	(76		)
	Income tax (expense) benefit	(30		)	(73		)
	Income (loss) from discontinued operations, net of tax	(5		)	(9		)
	Noncontrolling interests’ share of interest and tax	7			6
	Net income attributable to Bunge	$	(13	)	$	180

BUSINESS_ACQUISITIONS_Details

BUSINESS ACQUISITIONS (Details) (Agribusiness, USD $)	1 Months Ended
In Millions, unless otherwise specified	Feb. 28, 2014	Jan. 31, 2013
	Corn Flour Producers, LLC (CFP)	Biodiesel facilities in Europe
		item
Cost of acquired entity	'	'
Purchase price paid in cash	$12	$11
Purchase price allocation	'	'
Property, plant and equipment	12	10
Number of biodiesel facilities acquired	'	2
Inventories	'	4
Other current assets	'	17
Other current liabilities	'	19
Long term deferred tax liabilities	'	$1

TRADE_STRUCTURED_FINANCE_PROGR1

TRADE STRUCTURED FINANCE PROGRAM (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Trade structured finance program	'	'	'
Time Deposits under Trade Structured Finance Program weighted-average interest rates (as a percent)	8.55%	'	8.36%
Letter of Credit Obligations under Trade Structured Finance Program Carrying Amounts	$3,259	'	$4,470
Total proceeds from issuances of LCs	1,397	2,417	'
Level 2	'	'	'
Trade structured finance program	'	'	'
Time Deposits under Trade Structured Finance Program Fair Values	3,259	'	4,470
Letter of Credit Obligations under Trade Structured Finance Program Fair Values	3,026	'	4,360
Foreign Exchange Contract related to Trade Structured Finance Program Fair Values	$233	'	$110

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Inventories	'	'
Inventories	$6,452	$5,796
Agribusiness	'	'
Inventories	'	'
Inventories	5,185	4,498
Readily marketable inventories at fair value	4,866	4,163
Agribusiness | Merchandising Activities	'	'
Inventories	'	'
Readily marketable inventories at fair value	3,631	2,927
Sugar and Bioenergy	'	'
Inventories	'	'
Inventories	486	549
Sugar	'	'
Inventories	'	'
Readily marketable inventories	131	182
Readily marketable inventories at fair value	115	109
Edible Oil Products	'	'
Inventories	'	'
Inventories	485	487
Readily marketable inventories at fair value	68	67
Milling Products	'	'
Inventories	'	'
Inventories	238	210
Fertilizer	'	'
Inventories	'	'
Inventories	$58	$52

OTHER_CURRENT_ASSETS_Details

OTHER CURRENT ASSETS (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Other Current Assets:	'	'	'
Prepaid commodity purchase contracts	$306	'	$220
Secured advances to suppliers, net	558	'	555
Unrealized gains on derivative contracts, at fair value	2,092	'	1,561
Recoverable taxes, net	385	'	442
Margin deposits	418	'	305
Marketable securities, at fair value	127	'	162
Deferred purchase price receivable, at fair value	90	'	96
Prepaid expenses	303	'	261
Other	812	'	835
Total	5,091	'	4,437
Allowance on secured advance to farmers	19	'	20
Interest earned on secured advances to suppliers	$11	$9	'

OTHER_NONCURRENT_ASSETS_Detail

OTHER NON-CURRENT ASSETS (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
OTHER NON-CURRENT ASSETS	'	'	'	'
Recoverable taxes, net	$330	$283	'	'
Judicial deposits	163	153	'	'
Other long-term receivables	39	40	'	'
Income taxes receivable	313	304	'	'
Long-term investments	301	296	'	'
Affiliate loans receivable, net	37	25	'	'
Long-term receivables from farmers in Brazil, net	133	134	'	'
Other	187	176	'	'
Total	1,503	1,411	'	'
Allowance for recoverable taxes	49	57	'	'
Affiliate loans receivable, net	'	'	'	'
Minimum initial maturity of affiliate loans receivable	'1 year	'	'	'
Minimum	'	'	'	'
Aging of non-defaulted and renegotiated amounts	'	'	'	'
Period of realization	'5 years	'	'	'
Level 3 | Assets management business in Europe	'	'	'	'
Long-term investments	'	'	'	'
Consolidated funds' investments	246	238	'	'
Long-term receivables	'	'	'	'
Recorded Investment	'	'	'	'
Long-term receivables from farmers in Brazil	319	330	'	'
Average recorded investment in long-term receivables	308	363	'	'
Allowance	185	196	224	224
Long-term receivables | Legal collection processes	'	'	'	'
Recorded Investment	'	'	'	'
For which an allowance has been provided:	125	139	'	'
For which no allowance has been provided:	74	74	'	'
Long-term receivables from farmers in Brazil	199	213	'	'
Allowance	119	132	'	'
Long-term receivables | Renegotiated amounts	'	'	'	'
Recorded Investment	'	'	'	'
For which an allowance has been provided:	70	84	'	'
For which no allowance has been provided:	50	33	'	'
Long-term receivables from farmers in Brazil	120	117	'	'
Allowance	$66	$64	'	'

OTHER_NONCURRENT_ASSETS_Detail1

OTHER NON-CURRENT ASSETS (Details 2) (Long-term receivables, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Long-term receivables	'	'
Allowance for Doubtful Accounts Related to Long Term Receivables	'	'
Balance at the beginning of the period	$196	$224
Bad debt provisions	2	1
Recoveries	-2	-3
Write-offs	-21	'
Transfers	4	'
Foreign exchange translation	6	2
Balance at the end of the period	$185	$224

INCOME_TAXES_Details

INCOME TAXES (Details)

3 Months Ended

3 Months Ended

3 Months Ended

In Millions, unless otherwise specified

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

USD ($)

USD ($)

Tax claims

Tax claims

Tax claims

Tax claims

Tax claims

Continued Operations

Continued Operations

Brazil

Brazil

Brazil

Brazil

North America

Argentina

Argentina

Argentina

Argentina

Argentina

USD ($)

USD ($)

Income tax examination 2009

Income tax examination 2009

Income tax examination 2009

Income tax examination 2009

USD ($)

USD ($)

ARS

USD ($)

ARS

ARS

USD ($)

BRL

USD ($)

BRL

Income Tax Examination

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Income tax expense

$30

$73

'

'

'

'

'

$30

$73

'

'

'

'

'

Effective tax rate (as a percent)

'

'

'

'

'

'

'

187.00%

30.00%

'

'

'

'

'

Amount of discrete items included in effective tax rate

'

'

'

'

'

'

'

5

31

'

'

'

'

'

Increase in liability for uncertain tax positions

'

'

'

'

'

'

'

'

'

'

'

'

'

5

Total proposed adjustments

'

'

'

'

'

'

'

'

'

623

1,410

603

1,410

'

Uncertain tax positions, current

'

'

'

'

'

'

'

'

'

85

192

82

192

'

Argentine estimated tax claim

'

'

54

436

67

436

436

'

'

'

'

'

'

'

Accrued interest

'

'

$99

789

$115

750

789

'

'

'

'

'

'

'

OTHER_CURRENT_LIABILITIES_Deta

OTHER CURRENT LIABILITIES (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
OTHER CURRENT LIABILITIES	'	'
Accrued liabilities	$1,027	$940
Unrealized losses on derivative contracts at fair value	1,867	1,401
Advances on sales	276	330
Other	132	347
Total	$3,302	$3,018

FINANCIAL_INSTRUMENTS_AND_FAIR2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Assets	'	'
Unrealized gain on derivative contracts	$2,092	$1,561
Deferred purchase price receivable	90	96
Liabilities	'	'
Unrealized loss on derivative contracts	1,867	1,401
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	100	59
Total assets	469	542
Liabilities	'	'
Total liabilities	511	458
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Foreign exchange	'	'
Assets	'	'
Unrealized gain on derivative contracts	23	5
Liabilities	'	'
Unrealized loss on derivative contracts	46	5
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Commodities	'	'
Assets	'	'
Unrealized gain on derivative contracts	273	408
Liabilities	'	'
Unrealized loss on derivative contracts	365	361
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Freight	'	'
Assets	'	'
Unrealized gain on derivative contracts	61	59
Liabilities	'	'
Unrealized loss on derivative contracts	83	81
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Energy Derivatives	'	'
Assets	'	'
Unrealized gain on derivative contracts	12	11
Liabilities	'	'
Unrealized loss on derivative contracts	17	11
Assets and liabilities measured at fair value on a recurring basis | Level 2	'	'
Assets	'	'
Readily marketable inventories	3,974	4,041
Trade accounts receivable	1	5
Deferred purchase price receivable	90	96
Other	97	22
Total assets	5,696	5,102
Liabilities	'	'
Trade accounts payable	393	381
Total liabilities	1,615	1,204
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Foreign exchange	'	'
Assets	'	'
Unrealized gain on derivative contracts	7	7
Liabilities	'	'
Unrealized loss on derivative contracts	19	11
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Interest rate	'	'
Liabilities	'	'
Unrealized loss on derivative contracts	1	'
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Foreign exchange	'	'
Assets	'	'
Unrealized gain on derivative contracts	750	346
Liabilities	'	'
Unrealized loss on derivative contracts	518	373
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Commodities	'	'
Assets	'	'
Unrealized gain on derivative contracts	774	585
Liabilities	'	'
Unrealized loss on derivative contracts	684	439
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Freight	'	'
Assets	'	'
Unrealized gain on derivative contracts	3	'
Assets and liabilities measured at fair value on a recurring basis | Level 3	'	'
Assets	'	'
Readily marketable inventories	1,075	298
Trade accounts receivable	7	1
Total assets	1,271	439
Liabilities	'	'
Trade accounts payable	470	76
Total liabilities	605	196
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Commodities	'	'
Assets	'	'
Unrealized gain on derivative contracts	185	138
Liabilities	'	'
Unrealized loss on derivative contracts	98	89
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Freight	'	'
Assets	'	'
Unrealized gain on derivative contracts	2	'
Liabilities	'	'
Unrealized loss on derivative contracts	20	14
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Energy Derivatives	'	'
Assets	'	'
Unrealized gain on derivative contracts	2	2
Liabilities	'	'
Unrealized loss on derivative contracts	17	17
Assets and liabilities measured at fair value on a recurring basis | Fair Value	'	'
Assets	'	'
Readily marketable inventories	5,049	4,339
Trade accounts receivable	8	6
Deferred purchase price receivable	90	96
Other	197	81
Total assets	7,436	6,083
Liabilities	'	'
Trade accounts payable	863	457
Total liabilities	2,731	1,858
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	8	6
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	863	457
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Designated derivative contracts | Foreign exchange	'	'
Assets	'	'
Unrealized gain on derivative contracts	7	7
Liabilities	'	'
Unrealized loss on derivative contracts	19	11
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Interest rate	'	'
Liabilities	'	'
Unrealized loss on derivative contracts	1	'
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Foreign exchange	'	'
Assets	'	'
Unrealized gain on derivative contracts	773	351
Liabilities	'	'
Unrealized loss on derivative contracts	564	378
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Commodities	'	'
Assets	'	'
Unrealized gain on derivative contracts	1,232	1,131
Liabilities	'	'
Unrealized loss on derivative contracts	1,147	889
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Freight	'	'
Assets	'	'
Unrealized gain on derivative contracts	66	59
Liabilities	'	'
Unrealized loss on derivative contracts	103	95
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Energy Derivatives	'	'
Assets	'	'
Unrealized gain on derivative contracts	14	13
Liabilities	'	'
Unrealized loss on derivative contracts	$34	$28

FINANCIAL_INSTRUMENTS_AND_FAIR3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details 2) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)	'	'
Balance at beginning of period	$243	$462
Total gains and losses (realized/unrealized) included in cost of goods sold	77	-37
Purchases	1,101	952
Sales	-373	-266
Issuances	-393	-422
Settlements	-33	-73
Transfers into Level 3	104	90
Transfers out of Level 3	-60	1
Balance at end of period	666	707
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	98	246
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	20	66
Total gains and losses (realized/unrealized) included in cost of goods sold	65	-24
Purchases	13	'
Sales	-4	'
Settlements	-32	-73
Transfers into Level 3	-16	-1
Transfers out of Level 3	8	1
Balance at end of period	54	-31
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	93	-106
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	298	436
Total gains and losses (realized/unrealized) included in cost of goods sold	12	-84
Purchases	1,089	952
Sales	-377	-266
Transfers into Level 3	127	149
Transfers out of Level 3	-74	'
Balance at end of period	1,075	1,187
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	56	703
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	-75	-40
Total gains and losses (realized/unrealized) included in cost of goods sold	'	71
Purchases	-1	'
Sales	8	'
Issuances	-393	-422
Settlements	-1	'
Transfers into Level 3	-7	-58
Transfers out of Level 3	6	'
Balance at end of period	-463	-449
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	($51)	($351)

FINANCIAL_INSTRUMENTS_AND_FAIR4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details 3) (USD $)

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Foreign Exchange

Foreign Exchange

Foreign Exchange

Foreign Exchange

Foreign Exchange

Foreign Exchange

Foreign Exchange

Foreign Exchange

Commodities

Commodities

Commodities

Commodities

Commodities

Commodities

Commodities

Commodities

Commodities

Freight

Freight

Natural Gas

Natural Gas

Natural Gas

Energy - other

Energy - other

Energy - other

Energy - other

Energy - other

Designated hedges

Designated hedges

Futures

Options

Options

Options

Forwards

Forwards

Swaps

Swaps

Futures

Options

Options

Options

Forwards

Forwards

Forwards

Swaps

Options

Forwards

Futures

Options

Swaps

Futures

Options

Forwards

Forwards

Swaps

Freight

Freight

Exchange traded net short

Exchange traded net short

Non-exchange traded short position

Non-exchange traded long position

Non-exchange traded short position

Non-exchange traded long position

Non-exchange traded short position

Non-exchange traded long position

Exchange traded net short

Exchange traded net short

Non-exchange traded short position

Non-exchange traded long position

Exchange traded net short

Non-exchange traded short position

Non-exchange traded long position

Exchange traded net long

Exchange cleared net short

Exchange cleared net short

Exchange traded net short

Exchange traded net long

Non-exchange cleared long position

Exchange traded net long

Exchange traded net short

Non-exchange cleared short position

Non-exchange cleared long position

Exchange traded net short

t

t

t

t

t

t

t

t

HireDays

HireDays

MMBTU

MMBTU

MMBTU

t

t

t

t

t

Derivative

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Delta amount of open foreign exchange positions

'

$3

$44

$68

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notional amounts of open foreign exchange positions

$1

'

'

'

$17,525

$15,244

$17

$75

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

$0

Maximum period of commodity contracts for sale of agricultural commodity

'

'

'

'

'

'

'

'

'1 year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Nonmonetary notional amount of derivatives

'

'

'

'

'

'

'

'

'

7,122,877

2,588,486

202,310

843,530

16,786

38,020,243

27,216,747

25,000

9,530

2,083

4,291,561

3,276,626

303,318

584,986

82,829

450

37,948,884

25,000

'

'

FINANCIAL_INSTRUMENTS_AND_FAIR5

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details 4) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments, Gain (Loss)	'	'
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	($327)	$229
Foreign exchange | Foreign exchange gains (losses)	'	'
Derivative Instruments, Gain (Loss)	'	'
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	77	10
Foreign exchange | Income (loss) from discontinued operations, net of tax	'	'
Derivative Instruments, Gain (Loss)	'	'
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	'	1
Foreign exchange | Cost of goods sold	'	'
Derivative Instruments, Gain (Loss)	'	'
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	160	137
Commodities | Cost of goods sold	'	'
Derivative Instruments, Gain (Loss)	'	'
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	-541	88
Freight | Cost of goods sold	'	'
Derivative Instruments, Gain (Loss)	'	'
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	-23	-10
Energy Derivatives | Cost of goods sold	'	'
Derivative Instruments, Gain (Loss)	'	'
Gain or (Loss) Recognized in Income on Undesignated Derivative Contracts	'	3
Cash flow hedges	'	'
Summary of Cash Flow and Net Investment Hedges	'	'
Notional Amount	349	186
Gain or (Loss) Recognized in Accumulated OCI	15	2
Gain or (Loss) Reclassified from Accumulated OCI into Income	-1	'
Cash flow hedges | Foreign exchange gains (losses)	'	'
Summary of Cash Flow and Net Investment Hedges	'	'
Gain or (Loss) Reclassified from Accumulated OCI into Income	-1	'
Cash flow hedges | Foreign exchange	'	'
Summary of Cash Flow and Net Investment Hedges	'	'
Notional Amount	349	186
Gain or (Loss) Recognized in Accumulated OCI	15	2
Gain or (loss) expected to be reclassified from accumulated OCI into income in the next 12 months	15	2
Cash flow hedges | Foreign exchange | Foreign exchange gains (losses)	'	'
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
Net investment hedges	'	'
Summary of Cash Flow and Net Investment Hedges	'	'
Notional Amount	566	300
Gain or (Loss) Recognized in Accumulated OCI	-28	9
Net investment hedges | Foreign exchange	'	'
Summary of Cash Flow and Net Investment Hedges	'	'
Notional Amount	566	300
Gain or (Loss) Recognized in Accumulated OCI	-28	9
Gain or (loss) expected to be reclassified from accumulated OCI into income in the next 12 months	$15	'

DEBT_Details

DEBT (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 17, 2014

Mar. 31, 2014

Mar. 17, 2014

Mar. 17, 2014

Mar. 31, 2014

Mar. 17, 2014

In Millions, unless otherwise specified

Liquidity facility

Liquidity facility

Commercial paper program

Commercial paper program

Level 2

Level 2

Level 3

Level 3

Facility

Facility

Facility

Facility

$1,750 million revolving facility

$1,750 million revolving facility

item

Minimum

Maximum

Debt Issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

'

'

'

'

'

$1,750

'

'

'

'

$1,750

Term of credit agreement

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

Number of extensions in term of revolving credit facility the holder can seek

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

Extension period per extension

'

'

'

'

'

'

'

'

'

'

'1 year

'

'

'

'

'

Reference rate for variable rate basis

'

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

'

'

Debt instrument, interest rate added to variable base rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

0.70%

1.70%

'

'

Commitment fee (as a percent)

'

'

'

'

'

'

'

'

'

'

35.00%

'

0.10%

0.40%

'

'

Increase in the total commitments under the revolving credit facility with the consent of the facility agent

'

'

'

'

'

'

'

'

'

'

'

'

'

250

'

'

Credit facility, borrowings outstanding

'

'

0

0

150

100

'

'

'

'

'

'

'

'

0

'

Debt instrument unused and available borrowing capacity amount

3,550

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt, including current portion, Carrying Value

4,640

3,941

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt, including current portion, Fair Value

'

'

'

'

'

'

$4,622

$3,917

$278

$257

'

'

'

'

'

'

TRADE_RECEIVABLES_SECURITIZATI1

TRADE RECEIVABLES SECURITIZATION PROGRAM (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Bunge Securitization B.V.	'	'	'
Accounts Receivable Securitization Facilities Disclosures	'	'	'
Trade receivables securitization program	$700	'	'
Receivables sold under securitization facility derecognized during the period	683	'	696
Proceeds received in cash from transfers of receivables to purchasers	3,007	3,017	'
Cash collections from customers on receivables previously sold	3,066	3,177	'
Sale of accounts receivable to securitization facility	3,115	3,174	'
Discount from sale of receivables	2	2	'
Risk of loss related to sale of receivables	90	'	96
Payment term for receivables	'30 days	'	'
Bunge Securitization B.V. | Minimum	'	'	'
Accounts Receivable Securitization Facilities Disclosures	'	'	'
Percentage of receivables sold sale price whose collection is deferred	10.00%	'	'
Bunge Securitization B.V. | Maximum	'	'	'
Accounts Receivable Securitization Facilities Disclosures	'	'	'
Percentage of receivables sold sale price whose collection is deferred	15.00%	'	'
BFBV	'	'	'
Accounts Receivable Securitization Facilities Disclosures	'	'	'
Short-term liabilities	$48	'	$54

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (Unconsolidated joint ventures, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Unconsolidated joint ventures	'	'
Related Party Transactions Including Changes In Equity Method Investments	'	'
Purchases of soybeans, other commodity products and phosphate-based products from unconsolidated investees	$243	$129
Sales of soybeans and other products to unconsolidated investees	$112	$181

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2011

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

In Millions, unless otherwise specified

USD ($)

USD ($)

Tax claims

Tax claims

Tax claims

Tax claims

Tax claims

Tax claims

Tax claims

Tax claims

Tax claims

Tax claims

Labor claims

Labor claims

Civil and other claims

Civil and other claims

Unconsolidated affiliates financing

Residual value guarantee

Guarantee of indebtedness of subsidiaries

ICMS tax liability

USD ($)

USD ($)

Argentina

Argentina

Argentina

Argentina

Argentina

Argentina

Brazil

Brazil

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

100% owned subsidiaries

Brazil

USD ($)

USD ($)

ARS

USD ($)

ARS

ARS

USD ($)

BRL

USD ($)

USD ($)

subsidiary

subsidiary

Loss Contingencies and Guarantees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss contingency accrual, at carrying value

$257

$236

$75

$59

'

'

'

'

'

'

'

'

$74

$76

$108

$101

'

'

'

'

Income tax liability for ICMS incentives or benefits

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

Argentine estimated tax claim for which no accrual exists at this time

'

'

'

'

54

'

436

67

436

436

'

'

'

'

'

'

'

'

'

'

Accrued interest

'

'

'

'

99

'

789

115

750

789

'

'

'

'

'

'

'

'

'

'

Payment of accrued export tax obligations

'

'

'

'

'

112

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest assessed on paid export tax obligations

'

'

'

'

154

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of subsidiaries under tax examination

'

'

'

'

'

'

'

'

'

'

1

1

'

'

'

'

'

'

'

'

Proposed adjustments resulting from income tax examination

'

'

'

'

'

'

'

'

'

'

127

287

'

'

'

'

'

'

'

'

Maximum potential future payments related to guarantees

142

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

49

93

'

'

Obligation related to outstanding guarantees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

4

'

'

Percentage of ownership interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

Long-term debt including current portion, carrying value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$4,663

'

Number of finance subsidiaries issuing senior notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

EQUITY_Details

EQUITY (Details) (USD $)	3 Months Ended	46 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2014
Equity Disclosures	'	'
Repurchase of common shares to date	$92	'
Common Shares	'	'
Equity Disclosures	'	'
Authorized amount of issued and outstanding common shares available for repurchase	975	'
Repurchase of common shares (in shares)	1,164,000	'
Treasury Shares	'	'
Equity Disclosures	'	'
Repurchase of common shares (in shares)	'	9,811,859
Repurchase of common shares to date	$92	$566

EQUITY_Details_2

EQUITY (Details 2) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2013

Dec. 31, 2012

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Foreign Exchange Translation Adjustment

Foreign Exchange Translation Adjustment

Deferred Gains Losses on Hedging Activities

Deferred Gains Losses on Hedging Activities

Pension and Other Postretirement Liability Adjustments

Pension and Other Postretirement Liability Adjustments

Pension and Other Postretirement Liability Adjustments

Pension and Other Postretirement Liability Adjustments

Unrealized Gains Losses on Investments

Unrealized Gains Losses on Investments

Unrealized Gains Losses on Investments

Accumulated Other Comprehensive Income (Loss), Net of Tax

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at beginning of period

($2,461)

($2,572)

($2,572)

($1,410)

($2,486)

($1,265)

($22)

$3

($69)

($69)

($157)

($157)

$9

$5

$5

Other comprehensive income (loss) before reclassifications

'

'

110

87

123

76

-13

11

'

'

'

'

'

'

'

Amount reclassified from accumulated other comprehensive income

'

'

1

-3

'

'

1

'

'

'

'

'

-3

'

'

Balance at end of period

($2,461)

($2,572)

($2,461)

($1,326)

($2,363)

($1,189)

($34)

$14

($69)

($69)

($157)

($157)

$6

$5

$5

EARNINGS_PER_COMMON_SHARE_Deta

EARNINGS PER COMMON SHARE (Details) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Computation of basic and diluted earnings per common share	'	'
Income (loss) from continuing operations	($14)	$157
Net (income) loss attributable to noncontrolling interests	6	32
Income from continuing operations attributable to Bunge	-8	189
Other redeemable obligations	-6	-2
Convertible preference share dividends	-8	-8
Income (loss) from discontinued operations, net of tax	-5	-9
Net income (loss) available to Bunge common shareholders	($27)	$170
Weighted-average number of common shares outstanding:	'	'
Basic (in shares)	147,497,638	146,648,822
Effect of dilutive shares:	'	'
-Stock options and awards (in shares)	'	1,218,995
Diluted (in shares)	147,497,638	147,867,817
Basic earnings per common share:	'	'
Net income (loss) from continuing operations (in dollars per share)	($0.15)	$1.22
Net income (loss) from discontinued operations (in dollars per share)	($0.03)	($0.06)
Net income (loss) to Bunge common shareholders (in dollars per share)	($0.18)	$1.16
Diluted earnings per common share:	'	'
Net income (loss) from continuing operations (in dollars per share)	($0.15)	$1.21
Net income (loss) from discontinued operations (in dollars per share)	($0.03)	($0.06)
Net income (loss) to Bunge common shareholders (in dollars per share)	($0.18)	$1.15
Dilutive incremental common shares excluded from computation of weighted-average number of common shares outstanding	1,000,000	'
Stock options and contingently issuable restricted stock units	'	'
EARNINGS PER COMMON SHARE	'	'
Antidilutive securities excluded from computation of earnings per share (in shares)	3,000,000	4,000,000
Convertible Preference Shares	'	'
EARNINGS PER COMMON SHARE	'	'
Antidilutive securities excluded from computation of earnings per share (in shares)	8,000,000	8,000,000

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
	item
Segment Reporting Information	'	'	'
Number of reportable segments	5	'	'
Operating Segment Information	'	'	'
Net sales to external customers	$13,461	$14,785	'
Gross profit	414	647	'
Foreign exchange gains (losses)	22	-40	'
Noncontrolling interests	6	32	'
Other income (expense) - net	6	39	'
Segment EBIT	75	323	'
Discontinued operations	-5	-9	'
Depreciation, depletion and amortization	-124	-121	'
Total assets	27,434	29,899	26,781
Agribusiness	'	'	'
Operating Segment Information	'	'	'
Net sales to external customers	10,093	10,774	'
Gross profit	253	398	'
Foreign exchange gains (losses)	16	-41	'
Other income (expense) - net	'	-3	'
Depreciation, depletion and amortization	-56	-60	'
Sugar and Bioenergy	'	'	'
Operating Segment Information	'	'	'
Net sales to external customers	844	1,113	'
Gross profit	-36	57	'
Foreign exchange gains (losses)	5	3	'
Other income (expense) - net	5	-1	'
Depreciation, depletion and amortization	-29	-26	'
Edible Oil Products	'	'	'
Operating Segment Information	'	'	'
Net sales to external customers	1,928	2,297	'
Gross profit	121	116	'
Foreign exchange gains (losses)	1	-1	'
Other income (expense) - net	2	8	'
Depreciation, depletion and amortization	-24	-24	'
Milling Products	'	'	'
Operating Segment Information	'	'	'
Net sales to external customers	535	535	'
Gross profit	69	63	'
Other income (expense) - net	'	6	'
Depreciation, depletion and amortization	-11	-7	'
Fertilizer	'	'	'
Operating Segment Information	'	'	'
Net sales to external customers	61	66	'
Gross profit	7	13	'
Foreign exchange gains (losses)	'	-1	'
Other income (expense) - net	-1	29	'
Depreciation, depletion and amortization	-4	-4	'
Operating | Agribusiness	'	'	'
Operating Segment Information	'	'	'
Noncontrolling interests	2	26	'
Segment EBIT	79	191	'
Total assets	19,469	20,266	'
Operating | Sugar and Bioenergy	'	'	'
Operating Segment Information	'	'	'
Noncontrolling interests	1	1	'
Segment EBIT	-64	23	'
Total assets	3,546	4,064	'
Operating | Edible Oil Products	'	'	'
Operating Segment Information	'	'	'
Noncontrolling interests	-3	'	'
Segment EBIT	22	38	'
Total assets	2,485	2,655	'
Operating | Milling Products	'	'	'
Operating Segment Information	'	'	'
Segment EBIT	32	36	'
Total assets	1,314	976	'
Operating | Fertilizer	'	'	'
Operating Segment Information	'	'	'
Noncontrolling interests	-1	-1	'
Segment EBIT	6	35	'
Total assets	299	940	'
Discontinued Operations & Unallocated	'	'	'
Operating Segment Information	'	'	'
Net sales to external customers	-887	-1,446	'
Noncontrolling interests	7	6	'
Discontinued operations	-5	-9	'
Total assets	321	998	'
Inter-segment Eliminations | Agribusiness	'	'	'
Operating Segment Information	'	'	'
Net sales to external customers	849	1,417	'
Inter-segment Eliminations | Edible Oil Products	'	'	'
Operating Segment Information	'	'	'
Net sales to external customers	37	20	'
Inter-segment Eliminations | Fertilizer	'	'	'
Operating Segment Information	'	'	'
Net sales to external customers	$1	$9	'

SEGMENT_INFORMATION_Details_2

SEGMENT INFORMATION (Details 2) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Reconciliation of Total Segment Earnings Before Interest and Tax:	'	'
Total segment EBIT from continuing operations	$75	$323
Interest income	19	9
Interest expense	-79	-76
Income tax (expense) benefit	-30	-73
Income (loss) from discontinued operations, net of tax	-5	-9
Noncontrolling interests' share of interest and tax	7	6
Net income (loss) attributable to Bunge	($13)	$180