Bunge Limited (BG) 10-Q 8 May 19 2019 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
	Mar. 31, 2019	May 03, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Bunge LTD
Trading Symbol	BG
Entity Central Index Key	0001144519
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		141,477,794
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Emerging Growth Company	false
Entity Small Business	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 9,938	$ 10,641
Cost of goods sold	(9,501)	(10,257)
Gross profit	437	384
Selling, general and administrative expenses	(305)	(344)
Interest income	7	8
Interest expense	(75)	(70)
Foreign exchange gains (losses)	(7)	0
Other income (expense) – net	31	24
Income (loss) from continuing operations before income tax	88	2
Income tax (expense) benefit	(38)	(19)
Income (loss) from continuing operations	50	(17)
Income (loss) from discontinued operations, net of tax	0	(2)
Net income (loss)	50	(19)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests	(5)	(2)
Net income (loss) attributable to Bunge	45	(21)
Convertible preference share dividends	(8)	(8)
Net income (loss) available to Bunge common shareholders	$ 37	$ (29)
Earnings per common share—basic (Note 19)
Net income (loss) from continuing operations (in dollars per share)	$ 0.26	$ (0.20)
Net income (loss) from discontinued operations (in dollars per share)	0	(0.01)
Net income (loss) to Bunge common shareholders—basic (in dollars per share)	0.26	(0.21)
Earnings per common share—diluted (Note 19)
Net income (loss) from continuing operations (in dollars per share)	0.26	(0.20)
Net income (loss) from discontinued operations (in dollars per share)	0	(0.01)
Net income (loss) to Bunge common shareholders—diluted (in dollars per share)	$ 0.26	$ (0.21)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 50	$ (19)
Other comprehensive income (loss):
Foreign exchange translation adjustment	(29)	(12)
Unrealized gains (losses) on designated hedges, net of tax (expense) benefit of nil in 2019 and ($1) in 2018	(23)	3
Reclassification of realized net (gains) losses to net income, net of tax expense (benefit) of nil in 2019 and nil in 2018	(1)	(4)
Pension adjustment, net of tax (expense) benefit of nil in 2019 and nil in 2018	0	(1)
Total other comprehensive income (loss)	(53)	(14)
Total comprehensive income (loss)	(3)	(33)
Less: comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests	4	(5)
Total comprehensive income (loss) attributable to Bunge	$ 1	$ (38)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Unrealized gains (losses) on designated cash flow and net investment hedges, tax (expense) benefit	$ 0	$ (1)
Reclassification of realized net losses (gains) to net income, tax expense (benefit)	0	0
Pension adjustment, tax (expense) benefit	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 464	$ 389
Trade accounts receivable (less allowances of $117 and $113) (Note 14)	1,717	1,637
Inventories (Note 6)	5,938	5,871
Other current assets (Note 7)	3,120	3,171
Total current assets	11,239	11,068
Property, plant and equipment, net	5,197	5,201
Operating lease assets (Note 4)	1,010
Goodwill	723	727
Other intangible assets, net	657	697
Investments in affiliates	463	451
Deferred income taxes	425	458
Other non-current assets (Note 8)	821	823
Total assets	20,535	19,425
Current liabilities:
Short-term debt	1,733	750
Current portion of long-term debt (Note 13)	414	419
Trade accounts payable (includes $846 and $441 carried at fair value)	3,841	3,501
Current operating lease obligations (Note 4)	225
Other current liabilities (Note 10)	1,840	2,502
Total current liabilities	8,053	7,172
Long-term debt (Note 13)	3,821	4,203
Deferred income taxes	323	356
Non-current operating lease obligations (Note 4)	739
Other non-current liabilities	874	892
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest (Note 17)	421	424
Equity (Note 18):
Convertible perpetual preference shares, par value $.01; authorized – 21,000,000 shares, issued and outstanding: 2019 - 6,899,683 shares and 2018 - 6,899,683 shares (liquidation preference $100 per share)	690	690
Common shares, par value $.01; authorized – 400,000,000 shares; issued and outstanding: 2019 – 141,469,061 shares, 2018 – 141,111,081 shares	1	1
Additional paid-in capital	5,284	5,278
Retained earnings	8,045	8,059
Accumulated other comprehensive income (loss) (Note 18)	(7,000)	(6,935)
Treasury shares, at cost - 2019 and 2018 - 12,882,313 shares	(920)	(920)
Total Bunge shareholders’ equity	6,100	6,173
Noncontrolling interests	204	205
Total equity	6,304	6,378
Total liabilities, redeemable noncontrolling interest and equity	$ 20,535	$ 19,425

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances (in dollars)	$ 117	$ 113
Trade accounts payable at fair value	$ 846	$ 441
Convertible perpetual preference shares, par value (in dollars per share)	$ 0.01	$ 0.01
Convertible perpetual preference shares, authorized (in shares)	21,000,000	21,000,000
Convertible perpetual preference shares, issued (in shares)	6,899,683	6,899,683
Convertible perpetual preference shares, outstanding (in shares)	6,899,683	6,899,683
Convertible perpetual preference shares, liquid preference (in dollars per share)	$ 100	$ 100
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, authorized (in shares)	400,000,000	400,000,000
Common shares, issued (in shares)	141,469,061	141,111,081
Common shares, outstanding (in shares)	141,469,061	141,111,081
Common shares, at cost (in shares)	12,882,313	12,882,313

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES
Net income (loss)	$ 50	$ (19)
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:
Impairment charges	9	2
Foreign exchange loss on net debt	37	33
Bad debt expense	7	10
Depreciation, depletion and amortization	139	142
Share-based compensation expense	4	7
Deferred income tax (benefit)	(3)	(15)
Other, net	12	2
Changes in operating assets and liabilities, excluding the effects of acquisitions:
Trade accounts receivable	(128)	47
Inventories	(94)	(1,466)
Secured advances to suppliers	(31)	(110)
Trade accounts payable and accrued liabilities	248	268
Advances on sales	(97)	(93)
Net unrealized gains and losses on derivative contracts	(370)	435
Margin deposits	102	(187)
Marketable securities	(36)	(153)
Beneficial interest in securitized trade receivables	(244)	(663)
Other, net	(7)	(13)
Cash provided by (used for) operating activities	(402)	(1,773)
INVESTING ACTIVITIES
Payments made for capital expenditures	(119)	(105)
Acquisitions of businesses (net of cash acquired)	0	(968)
Proceeds from investments	37	336
Payments for investments	(193)	(620)
Settlement of net investment hedges	(51)	10
Proceeds from beneficial interest in securitized trade receivables	275	662
Payments for investments in affiliates	(4)	(16)
Other, net	14	(6)
Cash provided by (used for) investing activities	(41)	(707)
FINANCING ACTIVITIES
Net change in short-term debt with maturities of 90 days or less	1,193	931
Proceeds from short-term debt with maturities greater than 90 days	9	53
Repayments of short-term debt with maturities greater than 90 days	(214)	0
Proceeds from long-term debt	978	2,560
Repayments of long-term debt	(1,376)	(1,296)
Proceeds from the exercise of options for common shares	5	4
Dividends paid to common and preference shareholders	(79)	(73)
Other, net	(3)	(5)
Cash provided by (used for) financing activities	513	2,174
Effect of exchange rate changes on cash and cash equivalents and restricted cash	6	(7)
Net increase (decrease) in cash and cash equivalents and restricted cash	76	(313)
Cash and cash equivalents and restricted cash - beginning of period	393	605
Cash and cash equivalents and restricted cash - end of period	$ 469	$ 292

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Unaudited) - USD ($) $ in Millions		Total	Convertible Preference Shares	Common Shares	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Shares	Non- Controlling Interests	Redeemable Non- Controlling Interests
Balance at Dec. 31, 2017										$ 0
Balance (in shares) at Dec. 31, 2017			6,899,700	140,646,829
Balance at Dec. 31, 2017		$ 7,357	$ 690	$ 1	$ 5,226	$ 8,081	$ (5,930)	$ (920)	$ 209
Increase (Decrease) in Stockholders' Equity
Net income (loss)		(19)				(21)			2
Other comprehensive income (loss)		(14)					(17)		3	4
Dividends on common shares		(65)				(65)
Dividends on preference shares		(8)				(8)
Deconsolidation of a subsidiary		(2)							(2)
Acquisition of noncontrolling interest										466
Share-based compensation expense		7			7
Impact of adoption of new accounting standards	[1]	21				21
Issuance of common shares (in shares)				257,199
Issuance of common shares, including stock dividends		0
Balance at Mar. 31, 2018										470
Balance (in shares) at Mar. 31, 2018			6,899,700	140,904,028
Balance at Mar. 31, 2018		7,277	$ 690	$ 1	5,233	8,008	(5,947)	(920)	212
Balance at Dec. 31, 2018		424								424
Balance (in shares) at Dec. 31, 2018			6,899,683	141,111,081
Balance at Dec. 31, 2018		6,378	$ 690	$ 1	5,278	8,059	(6,935)	(920)	205
Increase (Decrease) in Stockholders' Equity
Net income (loss)		45				45			0	5
Other comprehensive income (loss)		(45)					(44)		(1)	(8)
Dividends on common shares		(71)				(71)
Dividends on preference shares		(8)				(8)
Dividends to noncontrolling interests on subsidiary common stock		(1)							(1)
Contribution from noncontrolling interest		1							1
Share-based compensation expense		4			4
Impact of adoption of new accounting standards	[1]	0				21	(21)
Issuance of common shares (in shares)				357,980
Issuance of common shares, including stock dividends		1			2	(1)
Balance at Mar. 31, 2019		421								$ 421
Balance (in shares) at Mar. 31, 2019			6,899,683	141,469,061
Balance at Mar. 31, 2019		$ 6,304	$ 690	$ 1	$ 5,284	$ 8,045	$ (7,000)	$ (920)	$ 204
[1]	See Note 2 for further details.

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends on common shares (in dollars per share)	$ 0.50	$ 0.46
Dividends on preferred shares (in dollars per share)	$ 1.21875	$ 1.21875

BASIS OF PRESENTATION, PRINCIPL

BASIS OF PRESENTATION, PRINCIPLES OF CONSOLIDATION, AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION, PRINCIPLES OF CONSOLIDATION, AND SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION, PRINCIPLES OF CONSOLIDATION, AND SIGNIFICANT ACCOUNTING POLICIES 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 has a controlling financial interest. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X under the Securities Exchange Act of 1934, as amended (“Exchange Act”). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to Securities and Exchange Commission (“SEC”) rules. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included. The condensed consolidated balance sheet at December 31, 2018 has been derived from Bunge’s audited consolidated financial statements at that date. Operating results for the three months ended March 31, 2019 are not necessarily indicative of the results to be expected for the year ending December 31, 2019 . The financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2018 , forming part of Bunge’s 2018 Annual Report on Form 10-K filed with the SEC on February 22, 2019 . Cash, Cash Equivalents, and Restricted Cash Restricted cash is included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheet that sums to the total of the same such amounts shown in the condensed consolidated statement of cash flows. (US$ in millions) March 31, 2019 March 31, 2018 Cash and cash equivalents $ 464 $ 287 Restricted cash included in other current assets 5 5 Total $ 469 $ 292 Statement of Cash Flows On January 1, 2018, the Company adopted Accounting Standards Update ("ASU") 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force). Subsequent to the Company's initial adoption of ASU 2016-15, additional interpretative guidance was released by the SEC in the third quarter of 2018 that clarified the method to be used for calculating the cash received from payments on the deferred purchase price of securitized receivables. This additional guidance indicated that an entity must evaluate daily transaction activity to calculate the value of cash received from payments on the deferred purchase price. The company has applied this guidance on a retrospective basis, effective with the Form 10-Q for the quarterly period ended September 30, 2018, which resulted in additional reclassification of cash inflows from operating activities to cash inflows from investing activities. Therefore, the condensed consolidated statement of cash flows for the three months ended March 31, 2018 and certain amounts in Note 14, Trade Receivables Securitization Program , have been revised to reflect this change.

ACCOUNTING PRONOUNCEMENTS

ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
ACCOUNTING PRONOUNCEMENTS	ACCOUNTING PRONOUNCEMENTS The below outlines updates on certain previously disclosed ASUs. New Accounting Pronouncements In June 2016, the Financial Accounting Standards Board issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326) , which introduces a new accounting model, referred to as the current expected credit losses ("CECL") model, for estimating credit losses on certain financial instruments and expands the disclosure requirements for estimating such credit losses. Under the new model, an entity is required to estimate the credit losses expected over the life of an exposure (or pool of exposures). The guidance also amends the current impairment model for debt securities classified as available-for-sale securities. The new guidance will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. Bunge is evaluating the impact of this standard on its consolidated financial statements. Recently Adopted Accounting Pronouncements On January 1, 2019 the Company adopted ASU 2016-02, Leases (Topic 842) . Under the new provisions, all leases, except short-term leases, are recognized on the balance sheet as right-of-use assets and lease liabilities for the obligation to make payments under such leases. Bunge has elected the amended transition approach provided by ASU 2018-11, Leases (Topic 842): Targeted Improvements , which allows entities to apply the guidance as of the date of initial application by recognizing a cumulative-effect adjustment to opening retained earnings, with no retrospective adjustments. The Company also elected the package of practical expedients that permits the Company to not reassess under the new standard prior conclusions about lease identification, lease classification, and initial direct costs, as well as the practical expedient to not separate lease components from non-lease components in accounting for all classes of underlying assets. Upon adoption, the Company recorded $1,006 million of operating lease assets and $962 million of operating lease liabilities. Included in Operating lease assets at January 1, 2019 was $44 million of prepaid lease balances that were reclassified from Other non-current assets. On January 1, 2019 the Company adopted ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU allows a reclassification from accumulated other comprehensive income ("AOCI") to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act ("Tax Act"). Consequently, the ASU eliminates the stranded tax effects resulting from the Tax Act and will improve the usefulness of information reported to financial statement users. However, because this ASU only relates to the reclassification of the income tax effects of the Tax Act, the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. The Company's stranded tax effects relate to unrecognized costs associated with certain pension plans for which the tax benefit was initially recorded to AOCI. Absent this ASU, the Company's policy is to release stranded tax effects upon the pension plans' termination. Upon the adoption of this ASU, the Company elected to reclassify the income tax effects of the Tax Act, resulting in a decrease to AOCI and an increase to retained earnings of $21 million .

GLOBAL COMPETITIVENESS PROGRAM

GLOBAL COMPETITIVENESS PROGRAM	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
GLOBAL COMPETITIVENESS PROGRAM	GLOBAL COMPETITIVENESS PROGRAM In July 2017, Bunge announced a comprehensive global competitiveness program to improve its cost position and deliver increased value to shareholders (the “Global Competitiveness Program”). When fully implemented, the Global Competitiveness Program is expected to reduce the Company’s overhead costs by approximately $250 million annually by the end of 2019. The Company identified key elements of its strategy to meet this goal, including adopting a zero-based budgeting process that will target excess costs in specific budget categories and improving efficiency and scalability by simplifying organizational structures, streamlining processes and consolidating back office functions globally. In conjunction with the Global Competitiveness Program, the Company has implemented other cost reduction and strategic initiatives to enhance the efficiency and performance of the Company’s business. The table below sets forth, by segment, the types of costs recorded for the Global Competitiveness Program. Three Months Ended March 31, 2019 2018 (US$ in millions) Severance and Other Employee Benefit Costs Consulting and Professional Services Other Program Costs Total Program Costs Severance and Other Employee Benefit Costs Consulting and Professional Services Total Program Costs Agribusiness Segment $ 2 $ 2 $ 1 $ 5 $ 5 $ 6 $ 11 Edible Oils Segment 1 1 — 2 1 1 2 Milling Segment — — — — 1 1 2 Sugar and Bioenergy Segment (1 ) — — (1 ) — 1 1 Total $ 2 $ 3 $ 1 $ 6 $ 7 $ 9 $ 16 In addition to the above charges, nil and $1 million of severance and other employee benefit costs were recorded related to other industrial productivity initiatives for the three months ended March 31, 2019 and 2018 , respectively. For the three months ended March 31, 2019 and 2018 costs recorded above, nil and $3 million , respectively, were recorded in Cost of goods sold and $6 million and $14 million , respectively, were recorded in Selling, general and administrative expenses. Bunge's liability associated with the Global Competitiveness Program and other associated initiatives is primarily comprised of accruals for severance and other employee benefit costs. The following table sets forth the activity affecting the liability for severance and other employee benefit costs related to the Global Competitiveness Program and other associated initiatives, which is recorded in Other current liabilities on the condensed consolidated balance sheet. (US$ in millions) Severance and Other Employee Benefit Costs Balance at January 1, 2019 $ 3 Charges incurred 2 Cash payments (2 ) Balance at March 31, 2019 $ 3 In addition to the cash charges described above, the Company's restructuring initiatives may include the sale or disposal of long-lived assets and rationalization of certain investments. As Bunge continues to review its opportunities, certain gains and charges may be recorded in earnings, including those related to the disposal of assets or investments. For the three months ended March 31, 2019 and 2018 , nil and $1 million , respectively, of such gains have been recognized.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
LEASES	LEASES Bunge routinely leases storage facilities, transportation equipment, land, and office facilities which are typically classified as operating leases. The accounting for some of Bunge's leases may require significant judgment when determining whether a contract is or contains a lease, the lease term, and the likelihood of renewal or termination options. Leases with an initial term of more than 12 months are recognized on the balance sheet as right-of-use assets (Operating lease assets) and lease liabilities for the obligation to make payments under such leases (Current operating lease obligations and Non-current operating lease obligations). As of the lease commencement date, the lease liability is initially measured as the present value of lease payments not yet paid. The lease asset is initially measured equal to the lease liability and adjusted for lease payments made at or before lease commencement (e.g., prepaid rent), lease incentives, and any initial direct costs. Over time, the lease liability is reduced for lease payments made and the lease asset is reduced through expense, classified as either Cost of goods sold or Selling, general and administrative expense depending upon the nature of the lease. Lease assets are subject to review for impairment in a manner consistent with Property, plant and equipment. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the balance sheet, and lease expense for these short-term leases is recognized on a straight-line basis over the lease term. The Company’s leases range in length of term, with an average remaining lease term of 6.4 years , but with certain land leases continuing for up to 94 years . Additionally, certain leases contain renewal options that can extend the lease term up to an additional 5 years . Renewal options are generally exercisable solely at the Company’s discretion. When a renewal option is reasonably certain to be exercised, such additional terms are considered when calculating the associated operating lease asset and liability. When determining the lease liability at commencement of the lease, the present value of lease payments is based on the Company’s incremental borrowing rate determined using a portfolio approach and the Company’s incremental cost of debt, adjusted to arrive to the rate in the applicable country and for the applicable term of the lease, as the rate implicit in the lease is generally not readily determinable. As of March 31, 2019 , such weighted average discount rate was 6.8% . Certain of the Company’s freight supply agreements for ocean freight vessels and rail cars, as well as land leases associated with agricultural partnership agreements for the production of sugarcane, may include rental payments that are variable in nature. Variable payments on time charter agreements for ocean freight vessels under freight supply agreements are dependent on then current market daily hire rates. Variable payments for certain rail cars can be based on volumes, and in some cases, benchmark interest rates. Payments under the Company's agricultural partnership agreements in Brazil are dependent on the quantity of sugarcane produced per hectare, the total recoverable sugar ("ATR") per ton of sugarcane produced, and the price for each kilogram of ATR as determined by Consecana, the state of São Paulo sugarcane, sugar and ethanol council. Such variable payments are not included in the calculation of the associated operating lease asset or liability subsequent to the inception date of the associated lease and are recorded as expense in the period in which the adjustment to the variable payment obligation is incurred. Certain of the Company’s lease agreements related to railcars and barges contain residual value guarantees (see Note 16, Commitments and Contingencies). None of the Company’s lease agreements contain material restrictive covenants. The components of lease expense were as follows: (US$ in millions) Three Months Ended Operating lease cost $ 80 Short-term lease cost 152 Variable lease cost 3 Sublease income (30 ) Total lease cost $ 205 Supplemental cash flow information related to leases was as follows: (US$ in millions) Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 79 Supplemental noncash information: Right-of-use assets obtained in exchange for lease obligations $ 70 Maturities of lease liabilities for operating leases as of March 31, 2019 , are as follows: (US$ in millions) Remaining in 2019 $ 215 2020 237 2021 197 2022 157 2023 117 Thereafter 289 Total lease payments (1) 1,212 Less imputed interest 248 Present value of lease liabilities $ 964 (1) Minimum lease payments have not been reduced by minimum sublease income receipts of $42 million due in future periods under non-cancelable subleases. Non-cancelable subleases primarily relate to an agreement with a third party for the use of a portion of a port terminal facility with a remaining sublease term of approximately 5 years , as well as an agreement with an unconsolidated joint venture in which Bunge subleases rail cars with remaining sublease terms of approximately three to four years . Additionally, Bunge may enter into re-let agreements to sell the right to use ocean freight vessels under time charter agreements when excess capacity is available . As of March 31, 2019 , the Company has additional operating leases for freight supply agreements on ocean freight vessels, that have not yet commenced, of $162 million . These operating leases will commence in 2019 and 2020 , with lease terms of up to seven years . Prior year lease disclosures The following pertains to previously disclosed information from Note 21, Commitments and contingencies and Note 26, Lease commitments , contained in Bunge's 2018 Annual Report on Form 10-K, which incorporates information about leases now in scope of ASC 842, Leases , disclosed above. Operating lease for storage facilities, transportation equipment and office facilities —Future minimum lease payments by year and in the aggregate under non-cancelable operating leases with initial term of one year or more at December 31, 2018 are as follows: (US$ in millions) 2019 $ 134 2020 107 2021 84 2022 58 2023 48 Thereafter 126 Total (1) $ 557 (1) Minimum lease payments have not been reduced by minimum sublease income receipts of $43 million due in future periods under non-cancelable subleases. Freight Supply Agreements —In the ordinary course of business, Bunge enters into time charter agreements for the use of ocean freight vessels for the purpose of transporting agricultural commodities. In addition, Bunge sells the right to use these ocean freight vessels when excess freight capacity is available. These agreements generally range from two months to approximately seven years . Future minimum payment obligations due under these agreements as of December 31, 2018 are as follows: (US$ in millions) 2019 $ 172 2020 and 2021 176 2022 and 2023 121 2024 and thereafter 37 Total $ 506

TRADE STRUCTURED FINANCE PROGRA

TRADE STRUCTURED FINANCE PROGRAM	3 Months Ended
	Mar. 31, 2019
Trade Structured Finance Program [Abstract]
TRADE STRUCTURED FINANCE PROGRAM	TRADE STRUCTURED FINANCE PROGRAM Bunge engages in various trade structured finance activities to leverage the value of its trade flows across its operating regions. For the three months ended March 31, 2019 and 2018 , net returns from these activities were $5 million and $8 million , respectively, and were included as a reduction of cost of goods sold in the accompanying condensed consolidated statements of income. These activities include programs under which Bunge generally obtains U.S. dollar-denominated letters of credit (“LCs”), each based on an underlying commodity trade flow, from financial institutions and time deposits denominated in either the local currency of the financial institutions' counterparties or in U.S. dollars, as well as foreign exchange forward contracts, and other programs in which trade related payables are set-off against receivables, all of which are subject to legally enforceable set-off agreements. As of March 31, 2019 and December 31, 2018 , time deposits and LCs of $4,543 million and $4,729 million , respectively, were presented net on the condensed consolidated balance sheets as the criteria of ASC 210-20, Offsetting , had been met. At March 31, 2019 and December 31, 2018 , time deposits, including those presented on a net basis, carried weighted-average interest rates of 3.82% and 3.76% , respectively. During the three months ended March 31, 2019 and 2018 , total net proceeds from issuances of LCs were $1,117 million and $1,488 million , respectively. These cash inflows are offset by the related cash outflows resulting from placement of the time deposits and repayment of the LCs. All cash flows related to the programs are included in operating activities in the condensed consolidated statements of cash flows.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories by segment are presented below. Readily marketable inventories (“RMI”) are agricultural commodity inventories, such as soybeans, soybean meal, soybean oil, corn, and wheat carried at fair value because of their commodity characteristics, widely available markets, and international pricing mechanisms. Bunge engages in trading and distribution, or merchandising activities, and part of RMI can be attributable to such activities and is not held for processing. All other inventories are carried at lower of cost or net realizable value. (US$ in millions) March 31, December 31, Agribusiness (1) $ 4,623 $ 4,551 Edible Oil Products (2) 731 742 Milling Products 243 220 Sugar and Bioenergy (3) 253 280 Fertilizer 88 78 Total $ 5,938 $ 5,871 (1) Includes RMI of $4,372 million and $4,365 million at March 31, 2019 and December 31, 2018 , respectively. Of these amounts, $3,360 million and $3,300 million can be attributable to merchandising activities at March 31, 2019 and December 31, 2018 , respectively. (2) Includes RMI of $97 million and $88 million at March 31, 2019 and December 31, 2018 , respectively. (3) Includes RMI of $33 million and $79 million at March 31, 2019 and December 31, 2018 , respectively. Of these amounts, $27 million and $74 million can be attributable to merchandising activities at March 31, 2019 and December 31, 2018 , respectively.

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS	3 Months Ended
	Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER CURRENT ASSETS	OTHER CURRENT ASSETS Other current assets consist of the following: (US$ in millions) March 31, December 31, Unrealized gains on derivative contracts, at fair value $ 1,014 $ 1,071 Prepaid commodity purchase contracts (1) 238 253 Secured advances to suppliers, net (2) 301 257 Recoverable taxes, net 473 500 Margin deposits 248 348 Marketable securities, at fair value, and other short-term investments 343 162 Deferred purchase price receivable, at fair value (3) 97 128 Income taxes receivable 48 102 Prepaid expenses 144 165 Other 214 185 Total $ 3,120 $ 3,171 (1) Prepaid commodity purchase contracts represent advance payments against 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 operational 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 $1 million at March 31, 2019 and $1 million at December 31, 2018 . Interest earned on secured advances to suppliers of $7 million and $10 million for the three months ended March 31, 2019 and 2018 , respectively, is included in net sales in the condensed consolidated statements of income. (3) Deferred purchase price receivable represents additional credit support for the investment conduits in Bunge’s trade receivables securitization program (see Note 14). Marketable Securities and Other Short-Term Investments - Bunge invests in foreign government securities, corporate debt securities, deposits, and other securities. The following is a summary of amounts recorded in the condensed consolidated balance sheets for marketable securities and other short-term investments. (US$ in millions) March 31, December 31, Foreign government securities $ 61 $ 55 Corporate debt securities 115 91 Certificates of deposit/time deposits 164 15 Other 3 1 Total $ 343 $ 162 As of March 31, 2019 , total marketable securities and other short-term investments includes $176 million that are recorded at fair value and $167 million of other short-term investments. As of December 31, 2018 , total marketable securities and other short-term investments includes $144 million that are recorded at fair value and $18 million as other short-term investments. Due to the short-term nature of these investments, carrying value approximates fair value.

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS	3 Months Ended
	Mar. 31, 2019
Other Assets, Noncurrent [Abstract]
OTHER NON-CURRENT ASSETS	OTHER NON-CURRENT ASSETS Other non-current assets consist of the following: (US$ in millions) March 31, December 31, Recoverable taxes, net (1) $ 156 $ 112 Judicial deposits (1) 116 115 Other long-term receivables 6 8 Income taxes receivable (1) 230 221 Long-term investments 85 91 Affiliate loans receivable 29 29 Long-term receivables from farmers in Brazil, net (1) 91 93 Other 108 154 Total $ 821 $ 823 (1) These non-current assets arise primarily from Bunge’s Brazilian operations and their realization could take several years. Recoverable taxes, net - Recoverable taxes are reported net of allowances of $27 million and $27 million at March 31, 2019 and December 31, 2018 , respectively. Judicial deposits - Judicial deposits are funds that Bunge has placed on deposit with the courts in Brazil. These funds are held in judicial escrow relating to certain legal proceedings pending legal resolution and bear interest at the SELIC rate, which is the benchmark rate of the Brazilian central bank. Income taxes receivable - Income taxes receivable includes overpayments of current income taxes plus accrued interest. These income tax prepayments are expected to be primarily utilized for settlement of future income tax obligations. Income taxes receivable in Brazil bear interest at the SELIC rate. Affiliate loans receivable - Affiliate loans receivable are primarily interest-bearing receivables from unconsolidated affiliates with a remaining 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. Certain of such long-term receivables from farmers are originally recorded in other current assets as prepaid commodity contracts or secured advances to suppliers (see Note 7) and reclassified to other non-current assets when collection issues with farmers arise and amounts become past due and resolution of matters is expected to take more than one year. The average recorded investment in long-term receivables from farmers in Brazil for the three months ended March 31, 2019 and the year ended December 31, 2018 was $203 million and $215 million , respectively. The table below summarizes Bunge’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts. March 31, 2019 December 31, 2018 (US$ in millions) Recorded Investment Allowance Recorded Investment Allowance For which an allowance has been provided: Legal collection process (1) $ 105 $ 90 $ 105 $ 89 Renegotiated amounts (2) 15 15 17 17 For which no allowance has been provided: Legal collection process (1) 48 — 51 — Renegotiated amounts (2) 9 — 10 — Other long-term receivables 19 — 16 — Total $ 196 $ 105 $ 199 $ 106 (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 table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil. Three Months Ended (US$ in millions) 2019 2018 Beginning balance $ 106 $ 113 Bad debt provisions 1 4 Recoveries (1 ) (1 ) Foreign exchange translation (1 ) — Ending balance $ 105 $ 116

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	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 non-recurring 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, including the realizability of deferred tax assets. Volatility in earnings within a taxing jurisdiction could result in a determination that additional valuation allowance adjustments may be warranted. For the three months ended March 31, 2019 and 2018 , income tax expense related to continuing operations was $38 million and $19 million , respectively. The effective tax rates for the first quarters of 2019 and 2018 were higher than the U.S. statutory rate of 21% primarily due to an unfavorable earnings mix associated with pretax losses in certain jurisdictions. 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 difficult to predict the 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 is more likely than not to be realized.

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	3 Months Ended
	Mar. 31, 2019
Other Liabilities Disclosure [Abstract]
OTHER CURRENT LIABILITIES	OTHER CURRENT LIABILITIES Other current liabilities consist of the following: (US$ in millions) March 31, December 31, Unrealized losses on derivative contracts, at fair value $ 763 $ 1,192 Accrued liabilities 517 618 Advances on sales 310 405 Other 250 287 Total $ 1,840 $ 2,502

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The fair value standard describes three levels within its hierarchy that may be used to measure fair value. Level Description Financial Instrument (Assets / Liabilities) Level 1 Quoted price (unadjusted) in active markets for identical assets or liabilities. Exchange traded derivative contracts. Marketable securities in active markets. Level 2 Observable inputs, including adjusted Level 1 quotes, 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. Readily marketable inventories. 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. Assets and liabilities whose value is determined using proprietary pricing models, discounted cash flow methodologies or similar techniques. In many cases, a valuation technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy. The lowest level of input that is a significant component of the fair value measurement determines the placement of the entire fair value measurement in the hierarchy. Bunge’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the classification of fair value assets and liabilities within the fair value hierarchy levels. Bunge’s policy regarding the timing of transfers between levels, including both transfers into and transfers out of Level 3, is to measure and record the transfers at the end of the reporting period. For a further definition of fair value and the associated fair value levels, refer to the Financial Instruments and Fair Value Measurements footnote included in Bunge's 2018 Annual Report on Form 10-K. 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, 2019 December 31, 2018 (US$ in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Readily marketable inventories (Note 6) $ — $ 3,869 $ 633 $ 4,502 $ — $ 4,286 $ 246 $ 4,532 Unrealized gain on derivative contracts (1) : Interest rate — 19 — 19 — 6 — 6 Foreign exchange — 443 — 443 — 473 — 473 Commodities 64 422 27 513 128 407 18 553 Freight 15 — 4 19 6 — 6 12 Energy 34 — — 34 30 — — 30 Credit — 1 — 1 — — — — Deferred purchase price receivable (Note 14) — 97 — 97 — 128 — 128 Other (2) 96 100 — 196 67 98 — 165 Total assets $ 209 $ 4,951 $ 664 $ 5,824 $ 231 $ 5,398 $ 270 $ 5,899 Liabilities: Trade accounts payable (3) $ — $ 449 $ 397 $ 846 $ — $ 394 $ 47 $ 441 Unrealized loss on derivative contracts (4): Interest rate — 24 — 24 — 42 — 42 Foreign exchange — 398 — 398 — 499 — 499 Commodities 49 229 26 304 152 446 23 621 Freight 21 — 5 26 13 — 6 19 Energy 26 — 2 28 43 — 1 44 Equity 1 — — 1 — — — — Total liabilities $ 97 $ 1,100 $ 430 $ 1,627 $ 208 $ 1,381 $ 77 $ 1,666 (1) Unrealized gains on derivative contracts are generally included in other current assets. There were $15 million and $3 million included in other non-current assets at March 31, 2019 and December 31, 2018 , respectively. (2) Other includes the fair values of marketable securities and investments in other current assets and other non-current assets. (3) These payables are hybrid financial instruments for which Bunge has elected the fair value option. (4) Unrealized losses on derivative contracts are generally included in other current liabilities. There are $18 million and $33 million included in other non-current liabilities at March 31, 2019 and December 31, 2018 , respectively. Readily marketable inventories —RMI reported at fair value are valued based on commodity futures exchange quotations, broker or dealer quotations, or market transactions in either listed or OTC markets with appropriate adjustments for differences in local markets where Bunge's inventories are located. In such cases, the inventory is classified within Level 2. Certain inventories may utilize significant unobservable data related to local market adjustments to determine fair value. In such cases, the inventory is classified as Level 3. If Bunge used different methods or factors to determine fair values, amounts reported as unrealized gains and losses on derivative contracts and RMI at fair value in the consolidated balance sheets and consolidated statements of income could differ. Additionally, if market conditions change subsequent to the reporting date, amounts reported in future periods as unrealized gains and losses on derivative contracts and RMI at fair value in the consolidated balance sheets and consolidated statements of income could differ. Derivatives —Exchange traded futures and options contracts and exchange cleared contracts are valued based on unadjusted quoted prices in active markets and are classified within Level 1. The majority of the Bunge’s exchange-traded agricultural commodity futures are cash-settled on a daily basis and, therefore, are not included in these tables. 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 generally fair valued 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. Level 3 Measurements The following relates to Level 3 measurements. An instrument may transfer into or out of Level 3 due to inputs becoming either observable or unobservable. Level 3 Readily marketable inventories and other —The significant unobservable inputs resulting in Level 3 classification for RMI, physically settled forward purchase and sale contracts, and trade accounts payable, 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 to value freight, premiums and discounts in 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. 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. 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, 2019 and 2018 . These instruments were valued using pricing models that management believes reflect the assumptions that would be used by a marketplace participant. Three Months Ended March 31, 2019 (US$ in millions) Readily Derivatives, Trade Accounts Payable Total Balance, January 1, 2019 $ 246 $ (6 ) $ (47 ) $ 193 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 37 2 5 44 Purchases 699 — (361 ) 338 Sales (570 ) — — (570 ) Issuances — — — — Settlements — 1 (21 ) (20 ) Transfers into Level 3 276 1 27 304 Transfers out of Level 3 (55 ) — — (55 ) Balance, March 31, 2019 $ 633 $ (2 ) $ (397 ) $ 234 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $37 million , $6 million and $5 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at March 31, 2019 . Three Months Ended March 31, 2018 (US$ in millions) Readily Derivatives, Trade Accounts Payable Total Balance, January 1, 2018 $ 365 $ 2 $ (116 ) $ 251 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 63 (3 ) 10 70 Purchases 613 9 (248 ) 374 Sales (279 ) — — (279 ) Issuances — (9 ) — (9 ) Settlements — 8 40 48 Transfers into Level 3 124 (2 ) (3 ) 119 Transfers out of Level 3 (26 ) — — (26 ) Balance, March 31, 2018 $ 860 $ 5 $ (317 ) $ 548 1) Readily marketable inventories, derivatives, net and trade accounts payable, includes gains/(losses) of $(3) million , $(12) million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at March 31, 2018 .

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Bunge uses derivative instruments to manage several market risks, such as interest rate, foreign currency rate, and commodity risk. Some of those hedges Bunge enter into qualify for hedge accounting in the financial statements (Hedge Accounting Derivatives) and some, while intended as economic hedges, do not qualify (Economic Hedge Derivatives). As these impact the financial statements in different ways, they are discussed separately below. Hedge Accounting Derivatives - Bunge uses derivatives in qualifying hedge accounting relationships to manage certain of its interest rate and foreign currency risks. In executing these hedge strategies, Bunge primarily relies on the shortcut and critical terms match methods in designing its hedge accounting strategy, which results in little to no net earnings impact for these hedge relationships. Bunge monitors these relationships on a quarterly basis and will perform a quantitative analysis to validate the assertion that the hedges are highly effective if there are changes to the hedged item or hedging derivative. Fair value hedges - These derivatives are used to hedge the effect of interest rate and currency exchange rate changes on certain long-term debt. Under hedge accounting, the derivative is measured at fair value and the carrying value of hedged debt is adjusted for the change in value related to the exposure being hedged, with both adjustments offset to earnings. In other words, the earnings effect of an increase in the fair value of the derivative will be substantially offset by the earnings effect of the increase in the carrying value of the hedged debt. The net impact of hedge accounting for interest rate swaps is recognized in Interest expense. For cross currency swaps the changes in currency risk on the derivative are recognized in Foreign exchange gains (losses), and the changes in interest rate risk are recognized in Interest expense. Changes in basis risk are held in Accumulated other comprehensive income (loss) until realized through the coupon. Cash flow hedges of currency risk - Bunge manages currency risk on certain forecasted purchases, sales, and selling, general and administrative expenses with currency forwards. The change in the value of the forward is classified in Accumulated other comprehensive income (loss) until the transaction affects earnings, at which time the change in value of the currency forward is reclassified to Net sales, Cost of goods sold or Selling, general and administrative expenses. These hedges mature at various times through November 2020 . Of the amount currently in Accumulated other comprehensive income (loss), $0 million is expected to be reclassified to earnings in the next twelve months. Net investment hedges - Bunge hedges the currency risk of certain of its foreign subsidiaries with currency forwards and intercompany loans for which the currency risk is remeasured through Accumulated other comprehensive income (loss). For currency forwards, the forward method is used. The change in the value of the forward is classified in Accumulated other comprehensive income (loss) until the transaction affects earnings. The table below provides information about the balance sheet values of hedged items and the notional amount of derivatives used in hedging strategies. The notional amount of the derivative is the number of units of the underlying (for example, the notional principal amount of the debt in an interest rate swap). The notional amount is used to compute interest or other payment streams to be made under the contract and is a measure of Bunge’s level of activity. Bunge discloses derivative notional amounts on a gross basis. (US$ in millions) March 31, 2019 December 31, 2018 Hedging instrument type: Fair value hedges of interest rate risk Carrying value of hedged debt $ 2,238 $ 2,229 Cumulative adjustment to long-term debt from application of hedge accounting $ (3 ) $ (29 ) Interest rate swap - notional amount $ 2,249 $ 2,266 Fair value hedges of currency risk Carrying value of hedged debt $ 311 $ 312 Cross currency swap - notional amount $ 312 $ 313 Cash flow hedges of currency risk Foreign currency forward - notional amount $ 81 $ 50 Net investment hedges Foreign currency forward - notional amount $ 1,503 $ 1,888 Carrying value of non-derivative hedging instrument $ 895 $ 912 Economic Hedge Derivatives - In addition to using derivatives in qualifying hedge relationships, Bunge enters into derivatives to economically hedge its exposure to a variety of market risks it incurs in the normal course of operations. Interest rate derivatives are used to hedge exposures to the Company's financial instrument portfolios and debt issuances. The impact of changes in fair value of these instruments is primarily presented in Interest expense. Currency derivatives are used to hedge the balance sheet and commercial exposures that arise from the Company's global operations. The impact of changes in fair value of these instruments is presented in Cost of goods sold when hedging commercial exposures and Foreign exchange gains (losses) when hedging monetary exposures. Agricultural commodity derivatives are used primarily to manage the Company's inventory and forward purchase and sales contracts. 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 impact of changes in fair value of these instruments is presented in Cost of goods sold. Bunge uses derivative instruments referred to as forward freight agreements ("FFA") and FFA options to hedge portions of its current and anticipated ocean freight costs. The impact of changes in fair value of these instruments is presented in Cost of goods sold. Bunge uses energy derivative instruments to manage its exposure to volatility in energy costs. Hedges may be entered into for natural gas, electricity, coal and fuel oil, including bunker fuel. The impact of changes in fair value of these instruments is presented in Cost of goods sold. The Company may also enter into other derivatives, including credit default swaps and equity derivatives to manage exposure to credit risk and broader macroeconomic risks, respectively. The impact of changes in fair value of these instruments is presented in Cost of goods sold. The table below summarizes the volume of economic derivatives as of March 31, 2019 and December 31, 2018 . For those contracts traded bilaterally through the over-the-counter markets (e.g., forwards, forward rate agreements ("FRA") and swaps), the gross position is provided. For exchange traded (e.g., futures, FFAs and options) and cleared positions (e.g., energy swaps), the net position is provided. March 31, December 31, 2019 2018 Unit of (US$ in millions) Long (Short) Long (Short) Interest rate Swaps $ 6,822 $ (87 ) $ 3,349 $ (111 ) $ Notional Futures $ 3 $ — $ — $ — $ Notional FRAs $ — $ (258 ) $ 139 $ (149 ) $ Notional Currency Forwards $ 11,604 $ (12,199 ) $ 13,713 $ (13,701 ) $ Notional Swaps $ 94 $ (144 ) $ 127 $ (535 ) $ Notional Futures $ 22 $ — $ — $ (16 ) $ Notional Options $ 471 $ (533 ) $ 869 $ (919 ) Delta Agricultural commodities Forwards 24,713,267 (29,186,825 ) 25,523,840 (29,314,930 ) Metric Tons Swaps 301,820 (8,173,465 ) — (9,908,728 ) Metric Tons Futures 5,053,778 — 4,136,525 — Metric Tons Options — (33,979 ) 718,709 — Metric Tons Ocean freight FFA — (89 ) — (90 ) Hire Days FFA options 148 — 302 — Hire Days Natural gas Swaps 1,169,194 — 1,205,687 — MMBtus Futures 1,818,332 — 2,268,190 — MMBtus Energy - other Forwards 5,534,290 — 5,536,290 — Metric Tons Futures 8,541 — — (29,367 ) Metric Tons Swaps 185,400 — 188,800 — Metric Tons Other Swaps and futures $ 205 $ (4,377 ) $ 52 $ — $ Notional The Effect of Derivative Instruments and Hedge Accounting on the Condensed Consolidated Statements of Income The table below summarizes the net effect of derivative instruments and hedge accounting on the condensed consolidated statements of income for the three months ended March 31, 2019 and 2018 . Gain (Loss) Recognized in Three Months Ended March 31, (US$ in millions) 2019 2018 Income statement classification Type of derivative Net sales Hedge accounting Foreign currency $ 1 $ — Cost of goods sold Hedge accounting Foreign currency $ — $ — Economic hedges Foreign currency 75 (35 ) Commodities 138 (260 ) Other (1) 28 (7 ) Total Cost of goods sold $ 241 $ (302 ) Interest expense Hedge accounting Interest rate $ (3 ) $ 2 Economic hedges Interest rate (3 ) — Total Interest expense $ (6 ) $ 2 Foreign exchange gains (losses) Hedge accounting Foreign currency $ (1 ) $ 3 Economic hedges Foreign currency 38 (3 ) Total Foreign exchange gains (losses) $ 37 $ — Other comprehensive income (loss) Gains and losses on derivatives used as cash flow hedges of foreign currency risk included in other comprehensive income (loss) during the period $ — $ 2 Gains and losses on derivatives used as net investment hedges included in other comprehensive income (loss) during the period $ (38 ) $ 19 Foreign currency gains and losses on intercompany loans used as net investment hedges included in other comprehensive income (loss) during the period $ 17 $ (17 ) Gains and losses on derivatives used as fair value hedges of foreign currency risk included in other comprehensive income (loss) during the period $ (2 ) $ (1 ) Amounts released from accumulated other comprehensive income (loss) during the period Cash flow hedge of foreign currency risk $ 1 $ 3 (1) Other includes the results from freight, energy and other derivatives.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
DEBT	DEBT 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 cost of borrowing under the Liquidity Facility would typically be higher than the cost of issuing under Bunge’s commercial paper program. At March 31, 2019 , there were $596 million of borrowings outstanding under the commercial paper program and no borrowings under the Liquidity Facility. In addition to committed facilities, from time to time, Bunge Limited and/or its financing subsidiaries enter into uncommitted bilateral short-term credit lines as necessary based on its financing requirements. At March 31, 2019 , there was $275 million outstanding under these bilateral short-term credit lines. Loans under such credit lines are non-callable by the respective lenders. In addition, Bunge's operating companies had $862 million in short-term borrowings outstanding under local bank lines of credit at March 31, 2019 to support working capital requirements. At March 31, 2019 , Bunge had $4,319 million of unused and available borrowing capacity under its committed credit facilities totaling $5,015 million with a number of lending institutions. The fair value of Bunge’s long-term debt is based on interest rates currently available on comparable maturities to companies with credit standing similar to that of Bunge. The carrying amounts and fair value of long-term debt are as follows: March 31, 2019 December 31, 2018 (US$ in millions) Carrying Value Fair Value (Level 2) Carrying Fair Value Long-term debt, including current portion $ 4,235 $ 4,251 $ 4,622 $ 4,584

TRADE RECEIVABLES SECURITIZATIO

TRADE RECEIVABLES SECURITIZATION PROGRAM	3 Months Ended
	Mar. 31, 2019
Transfers and Servicing [Abstract]
TRADE RECEIVABLES SECURITIZATION PROGRAM	TRADE RECEIVABLES SECURITIZATION PROGRAM Bunge and certain of its subsidiaries participate in a trade receivables securitization program (the “Program”) with a financial institution, as administrative agent, and certain commercial paper conduit purchasers and committed purchasers that provides for funding of receivables sold into the Program. On February 19, 2019 , Bunge exercised a portion of the $300 million accordion feature under the Program to increase the aggregate size of the facility by $100 million from $700 million to an aggregate of $800 million . (US$ in millions) March 31, December 31, Receivables sold which were derecognized from Bunge's balance sheet $ 769 $ 826 Deferred purchase price included in other current assets $ 97 $ 128 The table below summarizes the cash flows and discounts of Bunge’s trade receivables associated with the Program. Servicing fees under the Program were not significant in any period. Three Months Ended (US$ in millions) 2019 2018 Gross receivables sold $ 2,258 $ 2,322 Proceeds received in cash related to transfer of receivables $ 2,101 $ 2,164 Cash collections from customers on receivables previously sold $ 1,875 $ 2,414 Discounts related to gross receivables sold included in SG&A $ 4 $ 3 Non-cash activity for the program in the reporting period is represented by the difference between gross receivables sold and cash collections from customers on receivables previously sold.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Notes receivable - Bunge holds a note receivable from Navegações Unidas Tapajós S.A., a 50% equity method investment in Brazil, having a carrying value of $20 million at March 31, 2019 , which matures in June 2019, with interest based on CDI, the average overnight interbank loan rate in Brazil. Bunge holds a note receivable from Bunge SCF Grain LLC, a 50% equity method investment in the U.S., with a carrying value of $7 million at March 31, 2019 , which matures on March 31, 2023, with an interest rate based on LIBOR. In addition, Bunge held notes receivables from other related parties totaling $3 million at March 31, 2019 . Notes payable - Bunge holds a note payable with Bunge SCF Grain LLC with a carrying value of $18 million at March 31, 2019 . This note matures on March 31, 2023 with a variable interest rate of 2.49% . Other - Bunge purchased soybeans, and other agricultural commodity products from certain of its unconsolidated investees and other related parties totaling $354 million and $271 million for the three months ended March 31, 2019 and 2018 , respectively. Bunge also sold soybeans and other agricultural commodity products to certain of its unconsolidated investees and other related parties totaling $110 million and $94 million for the three months ended March 31, 2019 and 2018 , re s pectively. In addition, Bunge receives services from and provides services to its unconsolidated investees, including tolling, port services, administrative support, and other services. During the three months ended March 31, 2019 and 2018 , Bunge received services totaling $24 million and $25 million , respectively, and provided services of $4 million and $3 million , respectively. Bunge believes all transaction values to be similar to those that would be conducted with third parties. At March 31, 2019 and December 31, 2018 , Bunge had approximately $26 million and $28 million of receivables from these related parties included in trade accounts receivable in the condensed consolidated balance sheets as of those dates. In addition, at March 31, 2019 and December 31, 2018 , Bunge had approximately $58 million and $26 million of payables to these related parties included in trade accounts payable in the condensed consolidated balance sheets as of those dates.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Bunge is party to claims and lawsuits, primarily non-income tax and labor claims in Brazil and non-income tax claims in Argentina, arising in the normal course of business. Bunge is also involved from time to time in various contract, antitrust, environmental litigation and remediation and other litigation, claims, government investigations and legal proceedings. 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 condensed consolidated balance sheets. Included in other non-current liabilities at March 31, 2019 and December 31, 2018 are the following amounts related to these matters: (US$ in millions) March 31, December 31, Non-income tax claims $ 92 $ 94 Labor claims 76 78 Civil and other claims 94 95 Total $ 262 $ 267 Brazil Indirect Taxes Non-income tax claims - These tax claims relate principally to claims against Bunge’s Brazilian subsidiaries, primarily value-added tax claims (ICMS, ISS, IPI and PIS/COFINS). The determination of the manner in which various Brazilian federal, state and municipal taxes apply to the operations of Bunge is subject to varying interpretations arising from the complex nature of Brazilian tax law. In addition to the matter discussed below, Bunge monitors other potential claims in Brazil regarding these value-added taxes. In particular, Bunge monitors the Brazilian federal and state governments’ responses to recent Brazilian Supreme Court decisions invalidating on constitutional grounds certain ICMS incentives and benefits granted by various states. While Bunge was not a recipient of any of the incentives and benefits that were the subject of these Supreme Court decisions, it has received other similar tax incentives and benefits which are being challenged before the Supreme Court. In August 2017, Complementary Law 160/2017 (“LC 160/2017”) was published, authorizing the states, through an agreement to be reached within the framework of CONFAZ (National Council of Fiscal Policy), to grant amnesty for tax debts arising from existing tax benefits granted without previous CONFAZ authorization and to maintain such existing benefits still in force for up to 15 years. In December 2017, Interstate Agreement ICMS 190/2017 was published to regulate Complementary Law 160/2017, which endorsed the past incentives granted by the Brazilian states of CONFAZ. Bunge has not received any tax assessment from the states that granted these incentives or benefits related to their validity and, based on Bunge's evaluation of this matter as required by U.S. GAAP, no liability has been recorded in the condensed consolidated financial statements. On February 13, 2015, Brazil’s Supreme Federal Court ruled in a leading case that certain state ICMS tax credits for staple foods (including soy oil, margarine, mayonnaise and wheat flours) are unconstitutional. Bunge, like other companies in the Brazilian food industry, is involved in several administrative and judicial disputes with Brazilian states regarding these tax credits. While the leading case does not involve Bunge and each case is unique in facts and circumstances and applicable state law, the ruling has general precedent authority in lower court cases. Based on management’s review of the ruling (without considering the future success of any potential clarification or modulation of the ruling) and its general application to Bunge’s pending cases, management recorded a liability in the fourth quarter of 2014. Since 2015, Bunge settled a portion of its outstanding liabilities in amnesty programs in certain Brazilian states. In the fourth quarter of 2018, Bunge participated in an amnesty program in the Brazilian state of Rio Grande do Sul, which resulted in a discounted settlement of certain cases. As of March 31, 2019 , the liability was reduced to 243 million Brazilian reais (approximately $63 million ). As of March 31, 2019 , the Brazilian federal and state authorities have concluded examinations of the ICMS and PIS COFINS tax returns and have issued the outstanding claims (including applicable interest and penalties) as of: (US$ in millions) Years Examined March 31, 2019 December 31, 2018 ICMS 1990 to Present $ 264 $ 264 PIS/COFINS 2004 through 2015 $ 230 $ 231 Argentina Export Tax Since 2010, the Argentine tax authorities have been conducting a review of income and other taxes paid by exporters and processors of cereals and other agricultural commodities in the country. In that regard, the Company has been subject to a number of assessments, proceedings, and claims related to its activities. During 2011, Bunge’s subsidiary in Argentina paid $112 million of accrued export tax obligations under protest and preserved its rights with respect to such payment. In 2012, the Argentine tax authorities further assessed interest on these payments, which as of March 31, 2019 , totaled approximately $301 million . In 2012, the Argentine government suspended Bunge’s Argentine subsidiary from a registry of grain traders. While the suspension has not had a material adverse effect on Bunge’s business in Argentina, these actions have resulted in additional administrative requirements and increased logistical costs on domestic grain shipments within Argentina. Bunge is challenging these actions in the Argentine courts. Labor claims — The labor claims are principally claims against Bunge’s Brazilian subsidiaries. The labor claims primarily relate to dismissals, severance, health and safety, salary adjustments and supplementary retirement benefits. Civil and other claims — The civil and other claims relate to various disputes with third parties, including suppliers and customers. During the first quarter of 2016, Bunge received a notice from the Brazilian Administrative Council for Economic Defense ("CADE") initiating an administrative proceeding against its Brazilian subsidiary and two of its employees, certain of its former employees, several other companies in the Brazilian wheat milling industry, and others for alleged anticompetitive activities in the north and northeast of Brazil. Additionally, in the second quarter of 2018, Bunge received a notification from CADE that it has extended the scope of an existing administrative proceeding relating to alleged anticompetitive practices in the Rio Grande port in Brazil to include certain of Bunge's Brazilian subsidiaries and certain former employees of those subsidiaries. Bunge is defending against these actions; however, the proceedings are at an early stage and Bunge cannot, at this time, reasonably predict the ultimate outcome of the proceedings or sanctions, if any, which may be imposed. Guarantees — Bunge has issued or was a party to the following guarantees at March 31, 2019 : (US$ in millions) Maximum Potential Future Payments Unconsolidated affiliates guarantee (1) (2) $ 310 Residual value guarantee (3) 264 Total $ 574 (1) Bunge has issued guarantees to certain financial institutions related to debt of certain of its unconsolidated affiliates. The terms of the guarantees are equal to the terms of the related financings which have maturity dates through 2034 . There are no recourse provisions or collateral that would enable Bunge to recover any amounts paid under these guarantees. In addition, a Bunge subsidiary has guaranteed the obligations of two of its affiliates and in connection therewith has secured its guarantee obligations through a pledge of one of its affiliate's shares plus loans receivable from the affiliate to the financial institutions in the event that the guaranteed obligations are enforced. Based on the amounts drawn under such debt facilities at March 31, 2019 , Bunge's potential liability was $147 million and it has recorded a $19 million obligation related to these guarantees. (2) Bunge has issued guarantees to certain third parties related to performance of its unconsolidated affiliates. The terms of the guarantees are equal to the completion date of a port terminal which is expected to be completed in 2020 . There are no recourse provisions or collateral that would enable Bunge to recover any amounts paid under these guarantees. At March 31, 2019 , Bunge's maximum potential future payments under these guarantees was $64 million , and no obligation has been recorded related to these guarantees. (3) Bunge has 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 the conclusion of the lease term. These leases expire at various dates from 2019 through 2024 . At March 31, 2019 , no obligation has been recorded related to these guarantees. Any obligation recorded would be recognized in Current operating lease obligations or Non-current operating lease obligations (see Note 4, Leases ). Bunge Limited has provided a guarantee to the Director of the Illinois Department of Agriculture as Trustee for Bunge North America, Inc. (“BNA”), an indirect wholly‑owned subsidiary, which guarantees all amounts due and owing by BNA to grain producers and/or depositors in the State of Illinois who have delivered commodities to BNA’s Illinois facilities. In addition, Bunge Limited has provided full and unconditional parent level guarantees of the outstanding indebtedness under certain credit facilities entered into, and senior notes issued, by its 100% owned subsidiaries. At March 31, 2019 , Bunge’s condensed consolidated balance sheet includes debt with a carrying amount of $5,302 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 Finance Europe, B.V. There are largely no restrictions on the ability of Bunge Limited Finance Corp. and Bunge Finance Europe B.V. or any other Bunge subsidiary to transfer funds to Bunge Limited.

REDEEMABLE NONCONTROLLING INTER

REDEEMABLE NONCONTROLLING INTEREST	3 Months Ended
	Mar. 31, 2019
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]
REDEEMABLE NONCONTROLLING INTEREST	REDEEMABLE NONCONTROLLING INTEREST In connection with the acquisition of a 70% ownership interest in IOI Loders Croklaan ("Loders"), the Company has entered into a put/call arrangement with the Loders minority shareholder and may be required or elect to purchase the additional 30% ownership interest in Loders within a specified time frame. The Company classifies these redeemable equity securities outside of permanent stockholders’ equity as the equity securities are redeemable at the option of the holder. The carrying amount of redeemable noncontrolling interests is the greater of: (i) the initial carrying amount, increased or decreased for the noncontrolling interests’ share of net income or loss, equity capital contributions and distributions or (ii) the redemption value. Any resulting increases in the redemption amount, in excess of the initial carrying amount, increased or decreased for the noncontrolling interests’ share of net income or loss and distributions, are affected by corresponding charges against retained earnings. Additionally, any such charges to retained earnings will affect net income (loss) available to Bunge common shareholders as part of Bunge's calculation of earnings per common share.

EQUITY

EQUITY	3 Months Ended
	Mar. 31, 2019
Stockholders' Equity Note [Abstract]
EQUITY	EQUITY Accumulated other comprehensive income (loss) attributable to Bunge — The following table summarizes the balances of related after-tax components of accumulated other comprehensive income (loss) attributable to Bunge: (US$ in millions) Foreign Exchange Translation Adjustment Deferred Gains (Losses) on Hedging Activities Pension and Other Postretirement Liability Adjustments Accumulated Other Comprehensive Income (Loss) Balance, January 1, 2019 $ (6,637 ) $ (145 ) $ (153 ) $ (6,935 ) Other comprehensive income (loss) before reclassifications (20 ) (23 ) — (43 ) Amount reclassified from accumulated other comprehensive income (loss) — (1 ) (21 ) (22 ) Balance, March 31, 2019 $ (6,657 ) $ (169 ) $ (174 ) $ (7,000 ) (US$ in millions) Foreign Exchange Translation Adjustment Deferred Gains (Losses) on Hedging Activities Pension and Other Postretirement Liability Adjustments Unrealized Gains (Losses) on Investments Accumulated Other Comprehensive Income (Loss) Balance, January 1, 2018 $ (5,547 ) $ (244 ) $ (140 ) $ 1 $ (5,930 ) Other comprehensive income (loss) before reclassifications (15 ) 3 (1 ) — (13 ) Amount reclassified from accumulated other comprehensive income (loss) — (3 ) — (1 ) (4 ) Balance, March 31, 2018 $ (5,562 ) $ (244 ) $ (141 ) $ — $ (5,947 )

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following table sets forth the computation of basic and diluted earnings per common share. Three Months Ended (US$ in millions, except for share data) 2019 2018 Income (loss) from continuing operations $ 50 $ (17 ) Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests (5 ) (2 ) Income (loss) from continuing operations attributable to Bunge 45 (19 ) Convertible preference share dividends (8 ) (8 ) Income (loss) from discontinued operations, net of tax — (2 ) Net income (loss) available to Bunge common shareholders - Basic 37 (29 ) Add back convertible preference share dividends — — Net income (loss) available to Bunge common shareholders - Diluted $ 37 $ (29 ) Weighted-average number of common shares outstanding: Basic 141,205,004 140,736,907 Effect of dilutive shares: —stock options and awards (1) 353,766 — —convertible preference shares (2) — — Diluted 141,558,770 140,736,907 Basic earnings per common share: Net income (loss) from continuing operations $ 0.26 $ (0.20 ) Net income (loss) from discontinued operations — (0.01 ) Net income (loss) attributable to Bunge common shareholders—basic $ 0.26 $ (0.21 ) Diluted earnings per common share: Net income (loss) from continuing operations $ 0.26 $ (0.20 ) Net income (loss) from discontinued operations — (0.01 ) Net income (loss) attributable to Bunge common shareholders—diluted $ 0.26 $ (0.21 ) (1) The weighted-average common shares outstanding-diluted excludes approximately 5 million and 7 million stock options and contingently issuable restricted stock units, which were not dilutive and not included in the computation of earnings per share for the three months ended March 31, 2019 and 2018 , respectively. (2) Weighted-average common shares outstanding-diluted for the three months ended March 31, 2019 and 2018 excludes approximately 8 million and 8 million , respectively, weighted-average common shares that are issuable upon conversion of the convertible preference shares that were not dilutive and not included in the weighted-average number of common shares, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Bunge has five reportable segments - Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer, which are organized based upon similar economic characteristics and are similar in nature of products and services offered, the nature of production processes, and the type and class of customer and distribution methods. The Agribusiness segment is characterized by both inputs and outputs being agricultural commodities and thus high volume and low margin. The Edible Oil Products segment involves the processing, production and marketing of products derived from vegetable oils. The Milling Products segment involves the processing, production and marketing of products derived primarily from wheat and corn. The Sugar and Bioenergy segment involves sugarcane growing and milling in Brazil, as well as sugarcane-based ethanol production and corn-based ethanol investments and related activities. The Fertilizer segment includes its port operations in Brazil and Argentina and its blending and retail operations in Argentina. The “Discontinued Operations & Unallocated” column in the following table contains the reconciliation between the totals for reportable segments and Bunge consolidated totals, which consist primarily of amounts attributable to discontinued operations, corporate items not allocated to the operating segments, and inter-segment eliminations. Transfers between the segments are generally valued at market. The segment revenues generated from these transfers are shown in the following table as “Inter-segment revenues.” Three Months Ended March 31, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Unallocated (1) Total Net sales to external customers $ 6,919 $ 2,239 $ 426 $ 285 $ 69 $ — $ 9,938 Inter–segment revenues 1,168 32 — — 1 (1,201 ) — Foreign exchange gains (losses) (8 ) 2 2 (3 ) — — (7 ) Noncontrolling interests (1) 2 (6 ) — (1 ) — — (5 ) Other income (expense) – net 32 1 (1 ) — (1 ) — 31 Segment EBIT (2) 109 48 17 (24 ) 1 — 151 Depreciation, depletion and amortization (63 ) (40 ) (14 ) (20 ) (2 ) — (139 ) Total assets 12,681 3,990 1,528 1,843 333 160 20,535 Three Months Ended March 31, 2018 (US$ in millions) Agribusiness Edible Milling Sugar and Fertilizer Discontinued Operations & Unallocated (1) Total Net sales to external customers $ 7,462 $ 2,149 $ 409 $ 563 $ 58 $ — $ 10,641 Inter–segment revenues 1,066 37 — 18 — (1,121 ) — Foreign exchange gains (losses) — (1 ) 2 1 (2 ) — — Noncontrolling interests (1) — (3 ) — 1 (1 ) 1 (2 ) Other income (expense) – net 24 (3 ) — 2 1 — 24 Segment EBIT (2) 42 28 17 (24 ) (2 ) — 61 Discontinued operations (3) — — — — — (2 ) (2 ) Depreciation, depletion and amortization (67 ) (32 ) (15 ) (26 ) (2 ) — (142 ) Total assets 14,531 4,346 1,608 2,124 297 178 23,084 (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, total segment EBIT is a financial measure that is widely used by analysts and investors in Bunge’s industry. However, total segment EBIT is a non-GAAP financial measure and is not intended to replace net income (loss) attributable to Bunge, the most directly comparable U.S. GAAP financial measure. Further, total segment EBIT is not a measure of consolidated operating results under U.S. GAAP and should not be considered as an alternative to net income (loss) or any other measure of consolidated operating results under U.S. GAAP. See the reconciliation of total segment EBIT to net income (loss) in the table below. (3) Represents net income (loss) from discontinued operations. A reconciliation of total Segment EBIT to net income (loss) attributable to Bunge follows: Three Months Ended (US$ in millions) 2019 2018 Total Segment EBIT from continuing operations $ 151 $ 61 Interest income 7 8 Interest expense (75 ) (70 ) Income tax (expense) benefit (38 ) (19 ) Income (loss) from discontinued operations, net of tax — (2 ) Noncontrolling interests' share of interest and tax — 1 Net income (loss) attributable to Bunge $ 45 $ (21 ) The Company’s revenue comprises sales from commodity contracts that are accounted for under ASC 815, Derivatives and Hedging (ASC 815) and sales of other products and services that are accounted for under ASC 606, Revenue from Contracts with Customers (ASC 606). The following tables provide a disaggregation of net sales to external customers between sales from contracts with customers and sales from other arrangements: Three Months Ended March 31, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Sales from other arrangements 6,717 459 15 205 — 7,396 Sales from contracts with customers $ 202 $ 1,780 $ 411 $ 80 $ 69 $ 2,542 Net sales to external customers 6,919 2,239 426 285 69 9,938 Three Months Ended March 31, 2018 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Sales from other arrangements 7,138 423 12 451 — 8,024 Sales from contracts with customers $ 324 $ 1,726 $ 397 $ 112 $ 58 $ 2,617 Net sales to external customers 7,462 2,149 409 563 58 10,641

BASIS OF PRESENTATION, PRINCI_2

BASIS OF PRESENTATION, PRINCIPLES OF CONSOLIDATION, AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 has a controlling financial interest. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X under the Securities Exchange Act of 1934, as amended (“Exchange Act”). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to Securities and Exchange Commission (“SEC”) rules. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included. The condensed consolidated balance sheet at December 31, 2018 has been derived from Bunge’s audited consolidated financial statements at that date. Operating results for the three months ended March 31, 2019 are not necessarily indicative of the results to be expected for the year ending December 31, 2019 . The financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2018 , forming part of Bunge’s 2018 Annual Report on Form 10-K filed with the SEC on February 22, 2019 .
Cash, Cash Equivalents and Restricted Cash	Restricted cash is included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows.
Recently Adopted Accounting Pronouncements	Statement of Cash Flows On January 1, 2018, the Company adopted Accounting Standards Update ("ASU") 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force). Subsequent to the Company's initial adoption of ASU 2016-15, additional interpretative guidance was released by the SEC in the third quarter of 2018 that clarified the method to be used for calculating the cash received from payments on the deferred purchase price of securitized receivables. This additional guidance indicated that an entity must evaluate daily transaction activity to calculate the value of cash received from payments on the deferred purchase price. The company has applied this guidance on a retrospective basis, effective with the Form 10-Q for the quarterly period ended September 30, 2018, which resulted in additional reclassification of cash inflows from operating activities to cash inflows from investing activities. Therefore, the condensed consolidated statement of cash flows for the three months ended March 31, 2018 and certain amounts in Note 14, Trade Receivables Securitization Program , have been revised to reflect this change. New Accounting Pronouncements In June 2016, the Financial Accounting Standards Board issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326) , which introduces a new accounting model, referred to as the current expected credit losses ("CECL") model, for estimating credit losses on certain financial instruments and expands the disclosure requirements for estimating such credit losses. Under the new model, an entity is required to estimate the credit losses expected over the life of an exposure (or pool of exposures). The guidance also amends the current impairment model for debt securities classified as available-for-sale securities. The new guidance will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. Bunge is evaluating the impact of this standard on its consolidated financial statements. Recently Adopted Accounting Pronouncements On January 1, 2019 the Company adopted ASU 2016-02, Leases (Topic 842) . Under the new provisions, all leases, except short-term leases, are recognized on the balance sheet as right-of-use assets and lease liabilities for the obligation to make payments under such leases. Bunge has elected the amended transition approach provided by ASU 2018-11, Leases (Topic 842): Targeted Improvements , which allows entities to apply the guidance as of the date of initial application by recognizing a cumulative-effect adjustment to opening retained earnings, with no retrospective adjustments. The Company also elected the package of practical expedients that permits the Company to not reassess under the new standard prior conclusions about lease identification, lease classification, and initial direct costs, as well as the practical expedient to not separate lease components from non-lease components in accounting for all classes of underlying assets. Upon adoption, the Company recorded $1,006 million of operating lease assets and $962 million of operating lease liabilities. Included in Operating lease assets at January 1, 2019 was $44 million of prepaid lease balances that were reclassified from Other non-current assets. On January 1, 2019 the Company adopted ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU allows a reclassification from accumulated other comprehensive income ("AOCI") to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act ("Tax Act"). Consequently, the ASU eliminates the stranded tax effects resulting from the Tax Act and will improve the usefulness of information reported to financial statement users. However, because this ASU only relates to the reclassification of the income tax effects of the Tax Act, the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. The Company's stranded tax effects relate to unrecognized costs associated with certain pension plans for which the tax benefit was initially recorded to AOCI. Absent this ASU, the Company's policy is to release stranded tax effects upon the pension plans' termination. Upon the adoption of this ASU, the Company elected to reclassify the income tax effects of the Tax Act, resulting in a decrease to AOCI and an increase to retained earnings of $21 million .

BASIS OF PRESENTATION, PRINCI_3

BASIS OF PRESENTATION, PRINCIPLES OF CONSOLIDATION, AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of restricted cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheet that sums to the total of the same such amounts shown in the condensed consolidated statement of cash flows. (US$ in millions) March 31, 2019 March 31, 2018 Cash and cash equivalents $ 464 $ 287 Restricted cash included in other current assets 5 5 Total $ 469 $ 292
Schedule of cash and cash equivalents	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheet that sums to the total of the same such amounts shown in the condensed consolidated statement of cash flows. (US$ in millions) March 31, 2019 March 31, 2018 Cash and cash equivalents $ 464 $ 287 Restricted cash included in other current assets 5 5 Total $ 469 $ 292

GLOBAL COMPETITIVENESS PROGRAM

GLOBAL COMPETITIVENESS PROGRAM (Tables)	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Schedule of global competitiveness program	The table below sets forth, by segment, the types of costs recorded for the Global Competitiveness Program. Three Months Ended March 31, 2019 2018 (US$ in millions) Severance and Other Employee Benefit Costs Consulting and Professional Services Other Program Costs Total Program Costs Severance and Other Employee Benefit Costs Consulting and Professional Services Total Program Costs Agribusiness Segment $ 2 $ 2 $ 1 $ 5 $ 5 $ 6 $ 11 Edible Oils Segment 1 1 — 2 1 1 2 Milling Segment — — — — 1 1 2 Sugar and Bioenergy Segment (1 ) — — (1 ) — 1 1 Total $ 2 $ 3 $ 1 $ 6 $ 7 $ 9 $ 16
Schedule of restructuring reserve	The following table sets forth the activity affecting the liability for severance and other employee benefit costs related to the Global Competitiveness Program and other associated initiatives, which is recorded in Other current liabilities on the condensed consolidated balance sheet. (US$ in millions) Severance and Other Employee Benefit Costs Balance at January 1, 2019 $ 3 Charges incurred 2 Cash payments (2 ) Balance at March 31, 2019 $ 3

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Components of lease expense	The components of lease expense were as follows: (US$ in millions) Three Months Ended Operating lease cost $ 80 Short-term lease cost 152 Variable lease cost 3 Sublease income (30 ) Total lease cost $ 205
Supplemental cash flow information related to leases	Supplemental cash flow information related to leases was as follows: (US$ in millions) Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 79 Supplemental noncash information: Right-of-use assets obtained in exchange for lease obligations $ 70
Maturities of lease liabilities	Maturities of lease liabilities for operating leases as of March 31, 2019 , are as follows: (US$ in millions) Remaining in 2019 $ 215 2020 237 2021 197 2022 157 2023 117 Thereafter 289 Total lease payments (1) 1,212 Less imputed interest 248 Present value of lease liabilities $ 964 (1) Minimum lease payments have not been reduced by minimum sublease income receipts of $42 million due in future periods under non-cancelable subleases. Non-cancelable subleases primarily relate to an agreement with a third party for the use of a portion of a port terminal facility with a remaining sublease term of approximately 5 years , as well as an agreement with an unconsolidated joint venture in which Bunge subleases rail cars with remaining sublease terms of approximately three to four years . Additionally, Bunge may enter into re-let agreements to sell the right to use ocean freight vessels under time charter agreements when excess capacity is available .
Future minimum lease payments	Future minimum lease payments by year and in the aggregate under non-cancelable operating leases with initial term of one year or more at December 31, 2018 are as follows: (US$ in millions) 2019 $ 134 2020 107 2021 84 2022 58 2023 48 Thereafter 126 Total (1) $ 557
Future minimum payment obligations	Future minimum payment obligations due under these agreements as of December 31, 2018 are as follows: (US$ in millions) 2019 $ 172 2020 and 2021 176 2022 and 2023 121 2024 and thereafter 37 Total $ 506

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Schedule of inventories by segment	Inventories by segment are presented below. Readily marketable inventories (“RMI”) are agricultural commodity inventories, such as soybeans, soybean meal, soybean oil, corn, and wheat carried at fair value because of their commodity characteristics, widely available markets, and international pricing mechanisms. Bunge engages in trading and distribution, or merchandising activities, and part of RMI can be attributable to such activities and is not held for processing. All other inventories are carried at lower of cost or net realizable value. (US$ in millions) March 31, December 31, Agribusiness (1) $ 4,623 $ 4,551 Edible Oil Products (2) 731 742 Milling Products 243 220 Sugar and Bioenergy (3) 253 280 Fertilizer 88 78 Total $ 5,938 $ 5,871 (1) Includes RMI of $4,372 million and $4,365 million at March 31, 2019 and December 31, 2018 , respectively. Of these amounts, $3,360 million and $3,300 million can be attributable to merchandising activities at March 31, 2019 and December 31, 2018 , respectively. (2) Includes RMI of $97 million and $88 million at March 31, 2019 and December 31, 2018 , respectively. (3) Includes RMI of $33 million and $79 million at March 31, 2019 and December 31, 2018 , respectively. Of these amounts, $27 million and $74 million can be attributable to merchandising activities at March 31, 2019 and December 31, 2018 , respectively.

OTHER CURRENT ASSETS (Tables)

OTHER CURRENT ASSETS (Tables)	3 Months Ended
	Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other current assets	Other current assets consist of the following: (US$ in millions) March 31, December 31, Unrealized gains on derivative contracts, at fair value $ 1,014 $ 1,071 Prepaid commodity purchase contracts (1) 238 253 Secured advances to suppliers, net (2) 301 257 Recoverable taxes, net 473 500 Margin deposits 248 348 Marketable securities, at fair value, and other short-term investments 343 162 Deferred purchase price receivable, at fair value (3) 97 128 Income taxes receivable 48 102 Prepaid expenses 144 165 Other 214 185 Total $ 3,120 $ 3,171 (1) Prepaid commodity purchase contracts represent advance payments against 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 operational 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 $1 million at March 31, 2019 and $1 million at December 31, 2018 . Interest earned on secured advances to suppliers of $7 million and $10 million for the three months ended March 31, 2019 and 2018 , respectively, is included in net sales in the condensed consolidated statements of income. (3) Deferred purchase price receivable represents additional credit support for the investment conduits in Bunge’s trade receivables securitization program (see Note 14).
Summary of marketable securities and other short-term investments	The following is a summary of amounts recorded in the condensed consolidated balance sheets for marketable securities and other short-term investments. (US$ in millions) March 31, December 31, Foreign government securities $ 61 $ 55 Corporate debt securities 115 91 Certificates of deposit/time deposits 164 15 Other 3 1 Total $ 343 $ 162

OTHER NON-CURRENT ASSETS (Table

OTHER NON-CURRENT ASSETS (Tables)	3 Months Ended
	Mar. 31, 2019
Other Assets, Noncurrent [Abstract]
Schedule of other non-current assets	Other non-current assets consist of the following: (US$ in millions) March 31, December 31, Recoverable taxes, net (1) $ 156 $ 112 Judicial deposits (1) 116 115 Other long-term receivables 6 8 Income taxes receivable (1) 230 221 Long-term investments 85 91 Affiliate loans receivable 29 29 Long-term receivables from farmers in Brazil, net (1) 91 93 Other 108 154 Total $ 821 $ 823 (1) These non-current assets arise primarily from Bunge’s Brazilian operations and their realization could take several years.
Summary of gross investment in long-term receivables and the related allowance amounts from Brazilian farmers	The table below summarizes Bunge’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts. March 31, 2019 December 31, 2018 (US$ in millions) Recorded Investment Allowance Recorded Investment Allowance For which an allowance has been provided: Legal collection process (1) $ 105 $ 90 $ 105 $ 89 Renegotiated amounts (2) 15 15 17 17 For which no allowance has been provided: Legal collection process (1) 48 — 51 — Renegotiated amounts (2) 9 — 10 — Other long-term receivables 19 — 16 — Total $ 196 $ 105 $ 199 $ 106 (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 the activity in the allowance for doubtful accounts related to long-term receivables from Brazilian farmers	The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil. Three Months Ended (US$ in millions) 2019 2018 Beginning balance $ 106 $ 113 Bad debt provisions 1 4 Recoveries (1 ) (1 ) Foreign exchange translation (1 ) — Ending balance $ 105 $ 116

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2019
Other Liabilities Disclosure [Abstract]
Schedule of other current liabilities	Other current liabilities consist of the following: (US$ in millions) March 31, December 31, Unrealized losses on derivative contracts, at fair value $ 763 $ 1,192 Accrued liabilities 517 618 Advances on sales 310 405 Other 250 287 Total $ 1,840 $ 2,502

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities accounted for at fair value on a recurring basis	Fair Value Measurements at Reporting Date March 31, 2019 December 31, 2018 (US$ in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Readily marketable inventories (Note 6) $ — $ 3,869 $ 633 $ 4,502 $ — $ 4,286 $ 246 $ 4,532 Unrealized gain on derivative contracts (1) : Interest rate — 19 — 19 — 6 — 6 Foreign exchange — 443 — 443 — 473 — 473 Commodities 64 422 27 513 128 407 18 553 Freight 15 — 4 19 6 — 6 12 Energy 34 — — 34 30 — — 30 Credit — 1 — 1 — — — — Deferred purchase price receivable (Note 14) — 97 — 97 — 128 — 128 Other (2) 96 100 — 196 67 98 — 165 Total assets $ 209 $ 4,951 $ 664 $ 5,824 $ 231 $ 5,398 $ 270 $ 5,899 Liabilities: Trade accounts payable (3) $ — $ 449 $ 397 $ 846 $ — $ 394 $ 47 $ 441 Unrealized loss on derivative contracts (4): Interest rate — 24 — 24 — 42 — 42 Foreign exchange — 398 — 398 — 499 — 499 Commodities 49 229 26 304 152 446 23 621 Freight 21 — 5 26 13 — 6 19 Energy 26 — 2 28 43 — 1 44 Equity 1 — — 1 — — — — Total liabilities $ 97 $ 1,100 $ 430 $ 1,627 $ 208 $ 1,381 $ 77 $ 1,666 (1) Unrealized gains on derivative contracts are generally included in other current assets. There were $15 million and $3 million included in other non-current assets at March 31, 2019 and December 31, 2018 , respectively. (2) Other includes the fair values of marketable securities and investments in other current assets and other non-current assets. (3) These payables are hybrid financial instruments for which Bunge has elected the fair value option. (4) Unrealized losses on derivative contracts are generally included in other current liabilities. There are $18 million and $33 million included in other non-current liabilities at March 31, 2019 and December 31, 2018 , respectively.
Reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The tables below present reconciliations for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended March 31, 2019 and 2018 . These instruments were valued using pricing models that management believes reflect the assumptions that would be used by a marketplace participant. Three Months Ended March 31, 2019 (US$ in millions) Readily Derivatives, Trade Accounts Payable Total Balance, January 1, 2019 $ 246 $ (6 ) $ (47 ) $ 193 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 37 2 5 44 Purchases 699 — (361 ) 338 Sales (570 ) — — (570 ) Issuances — — — — Settlements — 1 (21 ) (20 ) Transfers into Level 3 276 1 27 304 Transfers out of Level 3 (55 ) — — (55 ) Balance, March 31, 2019 $ 633 $ (2 ) $ (397 ) $ 234 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $37 million , $6 million and $5 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at March 31, 2019 . Three Months Ended March 31, 2018 (US$ in millions) Readily Derivatives, Trade Accounts Payable Total Balance, January 1, 2018 $ 365 $ 2 $ (116 ) $ 251 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 63 (3 ) 10 70 Purchases 613 9 (248 ) 374 Sales (279 ) — — (279 ) Issuances — (9 ) — (9 ) Settlements — 8 40 48 Transfers into Level 3 124 (2 ) (3 ) 119 Transfers out of Level 3 (26 ) — — (26 ) Balance, March 31, 2018 $ 860 $ 5 $ (317 ) $ 548 1) Readily marketable inventories, derivatives, net and trade accounts payable, includes gains/(losses) of $(3) million , $(12) million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at March 31, 2018 .
Reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The tables below present reconciliations for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended March 31, 2019 and 2018 . These instruments were valued using pricing models that management believes reflect the assumptions that would be used by a marketplace participant. Three Months Ended March 31, 2019 (US$ in millions) Readily Derivatives, Trade Accounts Payable Total Balance, January 1, 2019 $ 246 $ (6 ) $ (47 ) $ 193 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 37 2 5 44 Purchases 699 — (361 ) 338 Sales (570 ) — — (570 ) Issuances — — — — Settlements — 1 (21 ) (20 ) Transfers into Level 3 276 1 27 304 Transfers out of Level 3 (55 ) — — (55 ) Balance, March 31, 2019 $ 633 $ (2 ) $ (397 ) $ 234 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $37 million , $6 million and $5 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at March 31, 2019 . Three Months Ended March 31, 2018 (US$ in millions) Readily Derivatives, Trade Accounts Payable Total Balance, January 1, 2018 $ 365 $ 2 $ (116 ) $ 251 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 63 (3 ) 10 70 Purchases 613 9 (248 ) 374 Sales (279 ) — — (279 ) Issuances — (9 ) — (9 ) Settlements — 8 40 48 Transfers into Level 3 124 (2 ) (3 ) 119 Transfers out of Level 3 (26 ) — — (26 ) Balance, March 31, 2018 $ 860 $ 5 $ (317 ) $ 548 1) Readily marketable inventories, derivatives, net and trade accounts payable, includes gains/(losses) of $(3) million , $(12) million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at March 31, 2018 .

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of outstanding derivative instruments	The table below summarizes the volume of economic derivatives as of March 31, 2019 and December 31, 2018 . For those contracts traded bilaterally through the over-the-counter markets (e.g., forwards, forward rate agreements ("FRA") and swaps), the gross position is provided. For exchange traded (e.g., futures, FFAs and options) and cleared positions (e.g., energy swaps), the net position is provided. March 31, December 31, 2019 2018 Unit of (US$ in millions) Long (Short) Long (Short) Interest rate Swaps $ 6,822 $ (87 ) $ 3,349 $ (111 ) $ Notional Futures $ 3 $ — $ — $ — $ Notional FRAs $ — $ (258 ) $ 139 $ (149 ) $ Notional Currency Forwards $ 11,604 $ (12,199 ) $ 13,713 $ (13,701 ) $ Notional Swaps $ 94 $ (144 ) $ 127 $ (535 ) $ Notional Futures $ 22 $ — $ — $ (16 ) $ Notional Options $ 471 $ (533 ) $ 869 $ (919 ) Delta Agricultural commodities Forwards 24,713,267 (29,186,825 ) 25,523,840 (29,314,930 ) Metric Tons Swaps 301,820 (8,173,465 ) — (9,908,728 ) Metric Tons Futures 5,053,778 — 4,136,525 — Metric Tons Options — (33,979 ) 718,709 — Metric Tons Ocean freight FFA — (89 ) — (90 ) Hire Days FFA options 148 — 302 — Hire Days Natural gas Swaps 1,169,194 — 1,205,687 — MMBtus Futures 1,818,332 — 2,268,190 — MMBtus Energy - other Forwards 5,534,290 — 5,536,290 — Metric Tons Futures 8,541 — — (29,367 ) Metric Tons Swaps 185,400 — 188,800 — Metric Tons Other Swaps and futures $ 205 $ (4,377 ) $ 52 $ — $ Notional The notional amount is used to compute interest or other payment streams to be made under the contract and is a measure of Bunge’s level of activity. Bunge discloses derivative notional amounts on a gross basis. (US$ in millions) March 31, 2019 December 31, 2018 Hedging instrument type: Fair value hedges of interest rate risk Carrying value of hedged debt $ 2,238 $ 2,229 Cumulative adjustment to long-term debt from application of hedge accounting $ (3 ) $ (29 ) Interest rate swap - notional amount $ 2,249 $ 2,266 Fair value hedges of currency risk Carrying value of hedged debt $ 311 $ 312 Cross currency swap - notional amount $ 312 $ 313 Cash flow hedges of currency risk Foreign currency forward - notional amount $ 81 $ 50 Net investment hedges Foreign currency forward - notional amount $ 1,503 $ 1,888 Carrying value of non-derivative hedging instrument $ 895 $ 912
Summary of effect of derivative instruments designated as fair value hedges and undesignated derivative instruments on condensed consolidated statements of income	The table below summarizes the net effect of derivative instruments and hedge accounting on the condensed consolidated statements of income for the three months ended March 31, 2019 and 2018 . Gain (Loss) Recognized in Three Months Ended March 31, (US$ in millions) 2019 2018 Income statement classification Type of derivative Net sales Hedge accounting Foreign currency $ 1 $ — Cost of goods sold Hedge accounting Foreign currency $ — $ — Economic hedges Foreign currency 75 (35 ) Commodities 138 (260 ) Other (1) 28 (7 ) Total Cost of goods sold $ 241 $ (302 ) Interest expense Hedge accounting Interest rate $ (3 ) $ 2 Economic hedges Interest rate (3 ) — Total Interest expense $ (6 ) $ 2 Foreign exchange gains (losses) Hedge accounting Foreign currency $ (1 ) $ 3 Economic hedges Foreign currency 38 (3 ) Total Foreign exchange gains (losses) $ 37 $ — Other comprehensive income (loss) Gains and losses on derivatives used as cash flow hedges of foreign currency risk included in other comprehensive income (loss) during the period $ — $ 2 Gains and losses on derivatives used as net investment hedges included in other comprehensive income (loss) during the period $ (38 ) $ 19 Foreign currency gains and losses on intercompany loans used as net investment hedges included in other comprehensive income (loss) during the period $ 17 $ (17 ) Gains and losses on derivatives used as fair value hedges of foreign currency risk included in other comprehensive income (loss) during the period $ (2 ) $ (1 ) Amounts released from accumulated other comprehensive income (loss) during the period Cash flow hedge of foreign currency risk $ 1 $ 3 (1) Other includes the results from freight, energy and other derivatives.

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of carrying amounts and fair values of long-term debt	The carrying amounts and fair value of long-term debt are as follows: March 31, 2019 December 31, 2018 (US$ in millions) Carrying Value Fair Value (Level 2) Carrying Fair Value Long-term debt, including current portion $ 4,235 $ 4,251 $ 4,622 $ 4,584

TRADE RECEIVABLES SECURITIZAT_2

TRADE RECEIVABLES SECURITIZATION PROGRAM (Tables)	3 Months Ended
	Mar. 31, 2019
Transfers and Servicing [Abstract]
Assets that Continue to be Recognized, Transferred Financial Assets and Other Financial Assets Managed Together	(US$ in millions) March 31, December 31, Receivables sold which were derecognized from Bunge's balance sheet $ 769 $ 826 Deferred purchase price included in other current assets $ 97 $ 128 The table below summarizes the cash flows and discounts of Bunge’s trade receivables associated with the Program. Servicing fees under the Program were not significant in any period. Three Months Ended (US$ in millions) 2019 2018 Gross receivables sold $ 2,258 $ 2,322 Proceeds received in cash related to transfer of receivables $ 2,101 $ 2,164 Cash collections from customers on receivables previously sold $ 1,875 $ 2,414 Discounts related to gross receivables sold included in SG&A $ 4 $ 3

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Liabilities related to general claims and lawsuits included in other non-current liabilities	Included in other non-current liabilities at March 31, 2019 and December 31, 2018 are the following amounts related to these matters: (US$ in millions) March 31, December 31, Non-income tax claims $ 92 $ 94 Labor claims 76 78 Civil and other claims 94 95 Total $ 262 $ 267
Summary of tax examinations against Brazilian subsidiaries	As of March 31, 2019 , the Brazilian federal and state authorities have concluded examinations of the ICMS and PIS COFINS tax returns and have issued the outstanding claims (including applicable interest and penalties) as of: (US$ in millions) Years Examined March 31, 2019 December 31, 2018 ICMS 1990 to Present $ 264 $ 264 PIS/COFINS 2004 through 2015 $ 230 $ 231
Maximum potential future payments related to guarantees	Bunge has issued or was a party to the following guarantees at March 31, 2019 : (US$ in millions) Maximum Potential Future Payments Unconsolidated affiliates guarantee (1) (2) $ 310 Residual value guarantee (3) 264 Total $ 574 (1) Bunge has issued guarantees to certain financial institutions related to debt of certain of its unconsolidated affiliates. The terms of the guarantees are equal to the terms of the related financings which have maturity dates through 2034 . There are no recourse provisions or collateral that would enable Bunge to recover any amounts paid under these guarantees. In addition, a Bunge subsidiary has guaranteed the obligations of two of its affiliates and in connection therewith has secured its guarantee obligations through a pledge of one of its affiliate's shares plus loans receivable from the affiliate to the financial institutions in the event that the guaranteed obligations are enforced. Based on the amounts drawn under such debt facilities at March 31, 2019 , Bunge's potential liability was $147 million and it has recorded a $19 million obligation related to these guarantees. (2) Bunge has issued guarantees to certain third parties related to performance of its unconsolidated affiliates. The terms of the guarantees are equal to the completion date of a port terminal which is expected to be completed in 2020 . There are no recourse provisions or collateral that would enable Bunge to recover any amounts paid under these guarantees. At March 31, 2019 , Bunge's maximum potential future payments under these guarantees was $64 million , and no obligation has been recorded related to these guarantees. (3) Bunge has 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 the conclusion of the lease term. These leases expire at various dates from 2019 through 2024 . At March 31, 2019 , no

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
	Mar. 31, 2019
Stockholders' Equity Note [Abstract]
Schedule of after-tax components of accumulated other comprehensive income (loss) attributable to Bunge	The following table summarizes the balances of related after-tax components of accumulated other comprehensive income (loss) attributable to Bunge: (US$ in millions) Foreign Exchange Translation Adjustment Deferred Gains (Losses) on Hedging Activities Pension and Other Postretirement Liability Adjustments Accumulated Other Comprehensive Income (Loss) Balance, January 1, 2019 $ (6,637 ) $ (145 ) $ (153 ) $ (6,935 ) Other comprehensive income (loss) before reclassifications (20 ) (23 ) — (43 ) Amount reclassified from accumulated other comprehensive income (loss) — (1 ) (21 ) (22 ) Balance, March 31, 2019 $ (6,657 ) $ (169 ) $ (174 ) $ (7,000 ) (US$ in millions) Foreign Exchange Translation Adjustment Deferred Gains (Losses) on Hedging Activities Pension and Other Postretirement Liability Adjustments Unrealized Gains (Losses) on Investments Accumulated Other Comprehensive Income (Loss) Balance, January 1, 2018 $ (5,547 ) $ (244 ) $ (140 ) $ 1 $ (5,930 ) Other comprehensive income (loss) before reclassifications (15 ) 3 (1 ) — (13 ) Amount reclassified from accumulated other comprehensive income (loss) — (3 ) — (1 ) (4 ) Balance, March 31, 2018 $ (5,562 ) $ (244 ) $ (141 ) $ — $ (5,947 )

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per common share	The following table sets forth the computation of basic and diluted earnings per common share. Three Months Ended (US$ in millions, except for share data) 2019 2018 Income (loss) from continuing operations $ 50 $ (17 ) Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests (5 ) (2 ) Income (loss) from continuing operations attributable to Bunge 45 (19 ) Convertible preference share dividends (8 ) (8 ) Income (loss) from discontinued operations, net of tax — (2 ) Net income (loss) available to Bunge common shareholders - Basic 37 (29 ) Add back convertible preference share dividends — — Net income (loss) available to Bunge common shareholders - Diluted $ 37 $ (29 ) Weighted-average number of common shares outstanding: Basic 141,205,004 140,736,907 Effect of dilutive shares: —stock options and awards (1) 353,766 — —convertible preference shares (2) — — Diluted 141,558,770 140,736,907 Basic earnings per common share: Net income (loss) from continuing operations $ 0.26 $ (0.20 ) Net income (loss) from discontinued operations — (0.01 ) Net income (loss) attributable to Bunge common shareholders—basic $ 0.26 $ (0.21 ) Diluted earnings per common share: Net income (loss) from continuing operations $ 0.26 $ (0.20 ) Net income (loss) from discontinued operations — (0.01 ) Net income (loss) attributable to Bunge common shareholders—diluted $ 0.26 $ (0.21 ) (1) The weighted-average common shares outstanding-diluted excludes approximately 5 million and 7 million stock options and contingently issuable restricted stock units, which were not dilutive and not included in the computation of earnings per share for the three months ended March 31, 2019 and 2018 , respectively. (2) Weighted-average common shares outstanding-diluted for the three months ended March 31, 2019 and 2018 excludes approximately 8 million and 8 million , respectively, weighted-average common shares that are issuable upon conversion of the convertible preference shares that were not dilutive and not included in the weighted-average number of common shares, respectively.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Operating Segment Information	The segment revenues generated from these transfers are shown in the following table as “Inter-segment revenues.” Three Months Ended March 31, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Unallocated (1) Total Net sales to external customers $ 6,919 $ 2,239 $ 426 $ 285 $ 69 $ — $ 9,938 Inter–segment revenues 1,168 32 — — 1 (1,201 ) — Foreign exchange gains (losses) (8 ) 2 2 (3 ) — — (7 ) Noncontrolling interests (1) 2 (6 ) — (1 ) — — (5 ) Other income (expense) – net 32 1 (1 ) — (1 ) — 31 Segment EBIT (2) 109 48 17 (24 ) 1 — 151 Depreciation, depletion and amortization (63 ) (40 ) (14 ) (20 ) (2 ) — (139 ) Total assets 12,681 3,990 1,528 1,843 333 160 20,535 Three Months Ended March 31, 2018 (US$ in millions) Agribusiness Edible Milling Sugar and Fertilizer Discontinued Operations & Unallocated (1) Total Net sales to external customers $ 7,462 $ 2,149 $ 409 $ 563 $ 58 $ — $ 10,641 Inter–segment revenues 1,066 37 — 18 — (1,121 ) — Foreign exchange gains (losses) — (1 ) 2 1 (2 ) — — Noncontrolling interests (1) — (3 ) — 1 (1 ) 1 (2 ) Other income (expense) – net 24 (3 ) — 2 1 — 24 Segment EBIT (2) 42 28 17 (24 ) (2 ) — 61 Discontinued operations (3) — — — — — (2 ) (2 ) Depreciation, depletion and amortization (67 ) (32 ) (15 ) (26 ) (2 ) — (142 ) Total assets 14,531 4,346 1,608 2,124 297 178 23,084 (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, total segment EBIT is a financial measure that is widely used by analysts and investors in Bunge’s industry. However, total segment EBIT is a non-GAAP financial measure and is not intended to replace net income (loss) attributable to Bunge, the most directly comparable U.S. GAAP financial measure. Further, total segment EBIT is not a measure of consolidated operating results under U.S. GAAP and should not be considered as an alternative to net income (loss) or any other measure of consolidated operating results under U.S. GAAP. See the reconciliation of total segment EBIT to net income (loss) in the table below. (3) Represents net income (loss) from discontinued operations.
Reconciliation of Total Segment EBIT to net income attributable to Bunge	A reconciliation of total Segment EBIT to net income (loss) attributable to Bunge follows: Three Months Ended (US$ in millions) 2019 2018 Total Segment EBIT from continuing operations $ 151 $ 61 Interest income 7 8 Interest expense (75 ) (70 ) Income tax (expense) benefit (38 ) (19 ) Income (loss) from discontinued operations, net of tax — (2 ) Noncontrolling interests' share of interest and tax — 1 Net income (loss) attributable to Bunge $ 45 $ (21 )
Net sales by product group to external customers	The following tables provide a disaggregation of net sales to external customers between sales from contracts with customers and sales from other arrangements: Three Months Ended March 31, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Sales from other arrangements 6,717 459 15 205 — 7,396 Sales from contracts with customers $ 202 $ 1,780 $ 411 $ 80 $ 69 $ 2,542 Net sales to external customers 6,919 2,239 426 285 69 9,938 Three Months Ended March 31, 2018 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Sales from other arrangements 7,138 423 12 451 — 8,024 Sales from contracts with customers $ 324 $ 1,726 $ 397 $ 112 $ 58 $ 2,617 Net sales to external customers 7,462 2,149 409 563 58 10,641

BASIS OF PRESENTATION, PRINCI_4

BASIS OF PRESENTATION, PRINCIPLES OF CONSOLIDATION, AND SIGNIFICANT ACCOUNTING POLICIES - RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Cash and cash equivalents	$ 464	$ 389	$ 287
Restricted cash included in other current assets	5		5
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 469	$ 393	$ 292	$ 605

ACCOUNTING PRONOUNCEMENTS - NAR

ACCOUNTING PRONOUNCEMENTS - NARRATIVE (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use assets	$ 1,010
Lease liability	964
Tax effects reclassified from AOCI to retained earnings	$ 8,045		$ 8,059
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use assets		$ 1,006
Lease liability		962
Prepaid rent balances		44
ASU 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Tax effects reclassified from AOCI to retained earnings		$ 21

GLOBAL COMPETITIVENESS PROGRA_2

GLOBAL COMPETITIVENESS PROGRAM - RESTRUCTURING COSTS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Global Competitiveness Program
Restructuring Cost and Reserve [Line Items]
Impact on future earnings	$ 250,000,000
Severance and Other Employee Benefit Costs	2,000,000	$ 7,000,000
Consulting and Professional Services	3,000,000	9,000,000
Other Program Costs	1,000,000
Total Program Costs	6,000,000	16,000,000
Global Competitiveness Program | Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Total Program Costs	0	3,000,000
Global Competitiveness Program | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Total Program Costs	6,000,000	14,000,000
Global Competitiveness Program | Agribusiness Segment
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	2,000,000	5,000,000
Consulting and Professional Services	2,000,000	6,000,000
Other Program Costs	1,000,000
Total Program Costs	5,000,000	11,000,000
Global Competitiveness Program | Edible Oil Products
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	1,000,000	1,000,000
Consulting and Professional Services	1,000,000	1,000,000
Other Program Costs	0
Total Program Costs	2,000,000	2,000,000
Global Competitiveness Program | Milling Products
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	0	1,000,000
Consulting and Professional Services	0	1,000,000
Other Program Costs	0
Total Program Costs	0	2,000,000
Global Competitiveness Program | Sugar and Bioenergy Segment
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	(1,000,000)	0
Consulting and Professional Services	0	1,000,000
Other Program Costs	0
Total Program Costs	(1,000,000)	1,000,000
Other Industrial Initiatives
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	$ 0	$ 1,000,000

GLOBAL COMPETITIVENESS PROGRA_3

GLOBAL COMPETITIVENESS PROGRAM - RESTRUCTURING RESERVE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring Reserve [Roll Forward]
Charges recognized on sale or disposal of long-lived assets	$ 0	$ 1,000,000
Global Competitiveness Program | Severance and Other Employee Benefit Costs
Restructuring Reserve [Roll Forward]
Beginning balance	3,000,000
Charges incurred	2,000,000
Cash payments	(2,000,000)
Ending balance	$ 3,000,000

LEASES - NARRATIVE (Details)

LEASES - NARRATIVE (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Average remaining lease term	6 years 4 months 24 days
Lease renewal term	5 years
Weighted average discount rate	6.80%
Sublease income receipts due in future periods	$ 42
Operating leases that have not yet commenced	$ 162
Minimum sublease income receipts		$ 43
Minimum
Lessee, Lease, Description [Line Items]
Lease term		1 year
Sublease term	3 years
Maximum
Lessee, Lease, Description [Line Items]
Sublease term	4 years
Land | Maximum
Lessee, Lease, Description [Line Items]
Lease term	94 years
Port Terminal Facility
Lessee, Lease, Description [Line Items]
Sublease term	5 years
Ocean Freight Vessels Agreement | Minimum
Lessee, Lease, Description [Line Items]
Lease term		2 months
Ocean Freight Vessels Agreement | Maximum
Lessee, Lease, Description [Line Items]
Lease term	7 years	7 years

LEASES - COMPONENTS OF LEASE EX

LEASES - COMPONENTS OF LEASE EXPENSE (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 80
Short-term lease cost	152
Variable lease cost	3
Sublease income	(30)
Total lease cost	$ 205

LEASES - SUPPLEMENTAL CASH FLOW

LEASES - SUPPLEMENTAL CASH FLOW INFORMATION (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 79,000,000
Right-of-use assets obtained in exchange for lease obligations	$ 70,000,000

LEASES - MATURITIES OF LEASE LI

LEASES - MATURITIES OF LEASE LIABILITIES (Details) $ in Millions	Mar. 31, 2019USD ($)
Leases [Abstract]
Remaining in 2019	$ 215
2020	237
2021	197
2022	157
2023	117
Thereafter	289
Total lease payments	1,212
Less imputed interest	248
Present value of lease liabilities	$ 964

LEASES - PREVIOUS YEAR LEASE DI

LEASES - PREVIOUS YEAR LEASE DISCLOSURES (Details) $ in Millions	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 134
2020	107
2021	84
2022	58
2023	48
Thereafter	126
Total	557
2019	172
2020 and 2021	176
2022 and 2023	121
2024 and thereafter	37
Total	$ 506

TRADE STRUCTURED FINANCE PROG_2

TRADE STRUCTURED FINANCE PROGRAM (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Trade structured finance program
Net return from activities including fair value changes	$ 5	$ 8
Weighted-average interest rate of time deposits (as a percent)	3.82%		3.76%
Total net proceeds from issuances of LCs	$ 1,117	$ 1,488
Time deposits and LC's presented net in the balance sheet
Trade structured finance program
Face value of time deposits and LCs	$ 4,543		$ 4,729

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
INVENTORIES
Inventories	$ 5,938	$ 5,871
Agribusiness
INVENTORIES
Inventories	4,623	4,551
Readily marketable inventories at fair value	4,372	4,365
Agribusiness | Merchandising Activities
INVENTORIES
Readily marketable inventories at fair value	3,360	3,300
Edible Oil Products
INVENTORIES
Inventories	731	742
Readily marketable inventories at fair value	97	88
Milling Products
INVENTORIES
Inventories	243	220
Sugar and Bioenergy
INVENTORIES
Inventories	253	280
Readily marketable inventories at fair value	33	79
Sugar and Bioenergy | Merchandising Activities
INVENTORIES
Readily marketable inventories at fair value	27	74
Fertilizer
INVENTORIES
Inventories	$ 88	$ 78

OTHER CURRENT ASSETS - SUMMARY

OTHER CURRENT ASSETS - SUMMARY OF OTHER CURRENT ASSETS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Other Current Assets:
Unrealized gains on derivative contracts, at fair value	$ 1,014		$ 1,071
Prepaid commodity purchase contracts	238		253
Secured advances to suppliers, net	301		257
Recoverable taxes, net	473		500
Margin deposits	248		348
Marketable securities, at fair value, and other short-term investments	343		162
Deferred purchase price receivable, at fair value	97		128
Income taxes receivable	48		102
Prepaid expenses	144		165
Other	214		185
Total	3,120		3,171
Allowance on secured advance to farmers	1		$ 1
Interest earned on secured advances to suppliers	$ 7	$ 10

OTHER CURRENT ASSETS - MARKETAB

OTHER CURRENT ASSETS - MARKETABLE SECURITIES AND OTHER SHORT-TERM INVESTMENTS (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	$ 343	$ 162
Marketable securities at fair value	176	144
Other short-term investments	167	18
Foreign government securities
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	61	55
Corporate debt securities
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	115	91
Certificates of deposit/time deposits
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	164	15
Other
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	$ 3	$ 1

OTHER NON-CURRENT ASSETS - COMP

OTHER NON-CURRENT ASSETS - COMPOSITION (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Other Assets, Noncurrent [Abstract]
Recoverable taxes, net	$ 156	$ 112
Judicial deposits	116	115
Other long-term receivables	6	8
Income taxes receivable	230	221
Long-term investments	85	91
Affiliate loans receivable	29	29
Long-term receivables from farmers in Brazil, net	91	93
Other	108	154
Total	821	823
Allowance for recoverable taxes	$ 27	$ 27
Minimum initial maturity of affiliate loans receivable	1 year

OTHER NON-CURRENT ASSETS - RECE

OTHER NON-CURRENT ASSETS - RECEIVABLES FROM FARMERS IN BRAZIL AND ALLOWANCE AMOUNTS (Details) - Long-term receivables - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Recorded Investment
Average recorded investment in long-term receivables	$ 203	$ 215
Total	196	199
Allowance	105	106	$ 116	$ 113
Legal collection process
Recorded Investment
Recorded investment for which an allowance has been provided	105	105
Recorded investment for which no allowance has been provided	48	51
Allowance	90	89
Renegotiated amounts
Recorded Investment
Recorded investment for which an allowance has been provided	15	17
Recorded investment for which no allowance has been provided	9	10
Allowance	15	17
Other long-term receivables
Recorded Investment
Other long-term receivables	$ 19	$ 16

OTHER NON-CURRENT ASSETS - ALLO

OTHER NON-CURRENT ASSETS - ALLOWANCE FOR DOUBTFUL ACCOUNTS (Details) - Long-term receivables - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Allowance for Doubtful Accounts Related to Long Term Receivables
Beginning balance	$ 106	$ 113
Bad debt provisions	1	4
Recoveries	(1)	(1)
Foreign exchange translation	(1)	0
Ending balance	$ 105	$ 116

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ (38)	$ (19)
Effective tax rate	21.00%

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Unrealized losses on derivative contracts, at fair value	$ 763	$ 1,192
Accrued liabilities	517	618
Advances on sales	310	405
Other	250	287
Total	$ 1,840	$ 2,502

FAIR VALUE MEASUREMENTS - ASSET

FAIR VALUE MEASUREMENTS - ASSETS AND LIABILITIES AT FAIR VALUE (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Assets:
Unrealized gain	$ 1,014	$ 1,071
Deferred purchase price receivable	97	128
Liabilities:
Trade accounts payable	846	441
Unrealized loss	763	1,192
Other Noncurrent Assets
Liabilities:
Unrealized gains (losses) on derivative contracts	15	3
Other Noncurrent Liabilities
Liabilities:
Unrealized gains (losses) on derivative contracts	(18)	(33)
Assets and liabilities measured at fair value on a recurring basis
Assets:
Readily marketable inventories	4,502	4,532
Total assets	5,824	5,899
Liabilities:
Trade accounts payable	846	441
Total liabilities	1,627	1,666
Assets and liabilities measured at fair value on a recurring basis | Hedge accounting | Interest rate
Assets:
Unrealized gain	19	6
Liabilities:
Unrealized loss	24	42
Assets and liabilities measured at fair value on a recurring basis | Hedge accounting | Foreign exchange
Assets:
Unrealized gain	443	473
Liabilities:
Unrealized loss	398	499
Assets and liabilities measured at fair value on a recurring basis | Economic hedges
Assets:
Deferred purchase price receivable	97	128
Other	196	165
Assets and liabilities measured at fair value on a recurring basis | Economic hedges | Commodities
Assets:
Unrealized gain	513	553
Liabilities:
Unrealized loss	304	621
Assets and liabilities measured at fair value on a recurring basis | Economic hedges | Freight
Assets:
Unrealized gain	19	12
Liabilities:
Unrealized loss	26	19
Assets and liabilities measured at fair value on a recurring basis | Economic hedges | Energy
Assets:
Unrealized gain	34	30
Liabilities:
Unrealized loss	28	44
Assets and liabilities measured at fair value on a recurring basis | Economic hedges | Credit
Assets:
Unrealized gain	1	0
Assets and liabilities measured at fair value on a recurring basis | Economic hedges | Equity
Liabilities:
Unrealized loss	1	0
Assets and liabilities measured at fair value on a recurring basis | Level 1
Assets:
Readily marketable inventories	0	0
Total assets	209	231
Liabilities:
Trade accounts payable	0	0
Total liabilities	97	208
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Hedge accounting | Interest rate
Assets:
Unrealized gain	0	0
Liabilities:
Unrealized loss	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Hedge accounting | Foreign exchange
Assets:
Unrealized gain	0	0
Liabilities:
Unrealized loss	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Economic hedges
Assets:
Deferred purchase price receivable	0	0
Other	96	67
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Economic hedges | Commodities
Assets:
Unrealized gain	64	128
Liabilities:
Unrealized loss	49	152
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Economic hedges | Freight
Assets:
Unrealized gain	15	6
Liabilities:
Unrealized loss	21	13
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Economic hedges | Energy
Assets:
Unrealized gain	34	30
Liabilities:
Unrealized loss	26	43
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Economic hedges | Credit
Assets:
Unrealized gain	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Economic hedges | Equity
Liabilities:
Unrealized loss	1	0
Assets and liabilities measured at fair value on a recurring basis | Level 2
Assets:
Readily marketable inventories	3,869	4,286
Total assets	4,951	5,398
Liabilities:
Trade accounts payable	449	394
Total liabilities	1,100	1,381
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Hedge accounting | Interest rate
Assets:
Unrealized gain	19	6
Liabilities:
Unrealized loss	24	42
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Hedge accounting | Foreign exchange
Assets:
Unrealized gain	443	473
Liabilities:
Unrealized loss	398	499
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Economic hedges
Assets:
Deferred purchase price receivable	97	128
Other	100	98
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Economic hedges | Commodities
Assets:
Unrealized gain	422	407
Liabilities:
Unrealized loss	229	446
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Economic hedges | Freight
Assets:
Unrealized gain	0	0
Liabilities:
Unrealized loss	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Economic hedges | Energy
Assets:
Unrealized gain	0	0
Liabilities:
Unrealized loss	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Economic hedges | Credit
Assets:
Unrealized gain	1	0
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Economic hedges | Equity
Liabilities:
Unrealized loss	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 3
Assets:
Readily marketable inventories	633	246
Total assets	664	270
Liabilities:
Trade accounts payable	397	47
Total liabilities	430	77
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Hedge accounting | Interest rate
Assets:
Unrealized gain	0	0
Liabilities:
Unrealized loss	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Hedge accounting | Foreign exchange
Assets:
Unrealized gain	0	0
Liabilities:
Unrealized loss	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Economic hedges
Assets:
Deferred purchase price receivable	0	0
Other	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Economic hedges | Commodities
Assets:
Unrealized gain	27	18
Liabilities:
Unrealized loss	26	23
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Economic hedges | Freight
Assets:
Unrealized gain	4	6
Liabilities:
Unrealized loss	5	6
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Economic hedges | Energy
Assets:
Unrealized gain	0	0
Liabilities:
Unrealized loss	2	1
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Economic hedges | Credit
Assets:
Unrealized gain	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Economic hedges | Equity
Liabilities:
Unrealized loss	$ 0	$ 0

FAIR VALUE MEASUREMENTS - RECON

FAIR VALUE MEASUREMENTS - RECONCILIATION FOR ASSETS AND LIABILITIES MEASURE AT FAIR VALUE USING LEVEL 3 (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Total
Balance at beginning of period	$ 193	$ 251
Purchases	338	374
Sales	(570)	(279)
Issuances	0	(9)
Settlements	(20)	48
Transfers into Level 3	304	119
Transfers out of Level 3	(55)	(26)
Balance at end of period	234	548
Cost of goods sold
Total
Total gains and losses (realized/unrealized) included in cost of goods sold (1)	44	70
Derivatives, Net
Derivatives, Net
Balance at beginning of period	246	365
Purchases	699	613
Sales	(570)	(279)
Issuances	0	0
Settlements	0	0
Transfers into Level 3	276	124
Transfers out of Level 3	(55)	(26)
Balance at end of period	633	860
Total
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities	37	(3)
Derivatives, Net | Cost of goods sold
Derivatives, Net
Total gains and losses (realized/unrealized) included in cost of goods sold (1)	37	63
Derivatives, Net
Derivatives, Net
Balance at beginning of period	(6)	2
Purchases	0	9
Sales	0	0
Issuances	0	(9)
Settlements	1	8
Transfers into Level 3	1	(2)
Transfers out of Level 3	0	0
Balance at end of period	(2)	5
Total
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities	6	(12)
Derivatives, Net | Cost of goods sold
Derivatives, Net
Total gains and losses (realized/unrealized) included in cost of goods sold (1)	2	(3)
Trade Accounts Receivable/ Payable, Net
Trade Accounts Receivable/ Payable, Net
Balance at beginning of period	(47)	(116)
Purchases	(361)	(248)
Sales	0	0
Issuances	0	0
Settlements	(21)	40
Transfers into Level 3	27	(3)
Transfers out of Level 3	0	0
Balance at end of period	(397)	(317)
Total
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities	5	0
Trade Accounts Receivable/ Payable, Net | Cost of goods sold
Trade Accounts Receivable/ Payable, Net
Total gains and losses (realized/unrealized) included in cost of goods sold (1)	$ 5	$ 10

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - DERIVATIVE POSITIONS (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)MMBTUdayt	Dec. 31, 2018USD ($)MMBTUdayt
Interest rate | Long | Swaps
Derivative
Notional amount of derivative	$ 6,822	$ 3,349
Interest rate | Long | Futures
Derivative
Notional amount of derivative	3	0
Interest rate | Long | Forward Rate Agreements
Derivative
Notional amount of derivative	0	139
Interest rate | Short | Swaps
Derivative
Notional amount of derivative	87	111
Interest rate | Short | Futures
Derivative
Notional amount of derivative	0	0
Interest rate | Short | Forward Rate Agreements
Derivative
Notional amount of derivative	258	149
Foreign exchange | Long | Swaps
Derivative
Notional amount of derivative	94	127
Foreign exchange | Long | Futures
Derivative
Notional amount of derivative	22	0
Foreign exchange | Long | Forwards
Derivative
Notional amount of derivative	11,604	13,713
Foreign exchange | Long | Options
Derivative
Delta	(471)	(869)
Foreign exchange | Short | Swaps
Derivative
Notional amount of derivative	144	535
Foreign exchange | Short | Futures
Derivative
Notional amount of derivative	0	16
Foreign exchange | Short | Forwards
Derivative
Notional amount of derivative	12,199	13,701
Foreign exchange | Short | Options
Derivative
Delta	$ (533)	$ (919)
Commodities | Long | Swaps
Derivative
Nonmonetary notional amount of derivatives | t	301,820	0
Commodities | Long | Futures
Derivative
Nonmonetary notional amount of derivatives | t	5,053,778	4,136,525
Commodities | Long | Forwards
Derivative
Nonmonetary notional amount of derivatives | t	24,713,267	25,523,840
Commodities | Long | Options
Derivative
Nonmonetary notional amount of derivatives | t	0	718,709
Commodities | Short | Swaps
Derivative
Nonmonetary notional amount of derivatives | t	8,173,465	9,908,728
Commodities | Short | Futures
Derivative
Nonmonetary notional amount of derivatives | t	0	0
Commodities | Short | Forwards
Derivative
Nonmonetary notional amount of derivatives | t	29,186,825	29,314,930
Commodities | Short | Options
Derivative
Nonmonetary notional amount of derivatives | t	33,979	0
Freight | Long | Forwards
Derivative
Nonmonetary notional amount of derivatives | day	0	0
Freight | Long | Options
Derivative
Nonmonetary notional amount of derivatives | day	148	302
Freight | Short | Forwards
Derivative
Nonmonetary notional amount of derivatives | day	89	90
Freight | Short | Options
Derivative
Nonmonetary notional amount of derivatives | day	0	0
Natural gas | Long | Swaps
Derivative
Nonmonetary notional amount of derivatives | MMBTU	1,169,194	1,205,687
Natural gas | Long | Futures
Derivative
Nonmonetary notional amount of derivatives | MMBTU	1,818,332	2,268,190
Natural gas | Short | Swaps
Derivative
Nonmonetary notional amount of derivatives | MMBTU	0	0
Natural gas | Short | Futures
Derivative
Nonmonetary notional amount of derivatives | MMBTU	0	0
Energy - other | Long | Swaps
Derivative
Nonmonetary notional amount of derivatives | t	185,400	188,800
Energy - other | Long | Futures
Derivative
Nonmonetary notional amount of derivatives | t	8,541	0
Energy - other | Long | Forwards
Derivative
Nonmonetary notional amount of derivatives | t	5,534,290	5,536,290
Energy - other | Short | Swaps
Derivative
Nonmonetary notional amount of derivatives | t	0	0
Energy - other | Short | Futures
Derivative
Nonmonetary notional amount of derivatives | t	0	29,367
Energy - other | Short | Forwards
Derivative
Nonmonetary notional amount of derivatives | t	0	0
Other | Long | Swaps and Futures
Derivative
Notional amount of derivative	$ 205	$ 52
Other | Short | Swaps and Futures
Derivative
Notional amount of derivative	4,377	0
Fair Value Hedging | Interest rate
Derivative
Carrying value of hedged debt	2,238	2,229
Cumulative adjustment to long-term debt from application of hedge accounting	(3)	(29)
Notional amount of derivative	2,249	2,266
Fair Value Hedging | Foreign exchange
Derivative
Carrying value of hedged debt	311	312
Notional amount of derivative		313
Fair Value Hedging | Foreign exchange | Short
Derivative
Notional amount of derivative	312
Cash Flow Hedges | Foreign exchange
Derivative
Amounts expected to be reclassified from AOCI to earnings in the next twelve months	0
Notional amount of derivative	81	50
Net Investment Hedges
Derivative
Carrying value of non-derivative hedging instrument	895	912
Net Investment Hedges | Foreign exchange
Derivative
Notional amount of derivative	$ 1,503	$ 1,888

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - EFFECT OF DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flow Hedges
Derivative Instruments, Gain (Loss)
Cash flow hedge of foreign currency risk	$ 1	$ 3
Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) recognized in income on derivative instruments	241	(302)
Interest expense
Derivative Instruments, Gain (Loss)
Gain (loss) recognized in income on derivative instruments	(6)	2
Foreign currency
Derivative Instruments, Gain (Loss)
Gain (loss) recognized in income on derivative instruments	37	0
Foreign currency
Derivative Instruments, Gain (Loss)
Gains and losses on derivatives used as cash flow hedges of foreign currency risk included in other comprehensive income (loss) during the period	0	2
Foreign currency | Net Investment Hedges
Derivative Instruments, Gain (Loss)
Gains and losses on derivatives used as net investment hedges and foreign currency risk included in other comprehensive income (loss) during the period	(38)	19
Foreign currency | Fair Value Hedging
Derivative Instruments, Gain (Loss)
Gains and losses on derivatives used as net investment hedges and foreign currency risk included in other comprehensive income (loss) during the period	(2)	(1)
Foreign Exchange Debt | Net Investment Hedges
Derivative Instruments, Gain (Loss)
Foreign currency gains and losses on intercompany loans used as net investment hedges included in other comprehensive income (loss) during the period	17	(17)
Hedge accounting | Foreign currency | Net sales
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	1	0
Hedge accounting | Foreign currency | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	0	0
Hedge accounting | Foreign currency | Foreign currency
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	(1)	3
Hedge accounting | Interest rate | Interest expense
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	(3)	2
Economic hedges | Foreign currency | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	75	(35)
Economic hedges | Foreign currency | Foreign currency
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	38	(3)
Economic hedges | Commodities | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	138	(260)
Economic hedges | Interest rate | Interest expense
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	(3)	0
Economic hedges | Other | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	$ 28	$ (7)

DEBT (Details)

DEBT (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Debt
Short-term debt	$ 1,733,000,000	$ 750,000,000
Debt instrument unused and available borrowing capacity amount	4,319,000,000
Maximum borrowing capacity	5,015,000,000
Carrying Value
Debt
Long-term debt, including current portion	4,235,000,000	4,622,000,000
Fair value | Level 2
Debt
Long-term debt, including current portion	4,251,000,000	$ 4,584,000,000
Commercial paper program
Debt
Commercial paper, outstanding issuances	596,000,000
Liquidity facility
Debt
Credit facility, borrowings outstanding	0
Bilateral credit lines
Debt
Short-term debt	275,000,000
Local bank line of credit
Debt
Short-term debt	$ 862,000,000

TRADE RECEIVABLES SECURITIZAT_3

TRADE RECEIVABLES SECURITIZATION PROGRAM (Details) - Bunge Securitization B.V. - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Feb. 19, 2019	Dec. 31, 2018
Accounts Receivable Securitization Facilities Disclosures
Maximum funding under trade receivables securitization program			$ 800	$ 700
Accordion feature amount			300
Accordion feature exercised amount			$ 100
Receivables sold which were derecognized from Bunge's balance sheet	$ 769			826
Deferred purchase price included in other current assets	97			$ 128
Gross receivables sold	2,258	$ 2,322
Proceeds received in cash related to transfer of receivables	2,101	2,164
Cash collections from customers on receivables previously sold	1,875	2,414
Discounts related to gross receivables sold included in SG&A	$ 4	$ 3

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Unconsolidated joint ventures
Related Party Transactions
Receivables from related parties	$ 26		$ 28
Payables to related parties	$ 58		$ 26
Unconsolidated joint ventures | Navegacoes Unidas Tapajos S.A.
Related Party Transactions
Ownership interest	50.00%
Notes receivable	$ 20
Unconsolidated joint ventures | Bunge SCF Grain LLC
Related Party Transactions
Ownership interest	50.00%
Notes receivable	$ 7
Notes payable	$ 18
Interest rate	2.49%
Other related party
Related Party Transactions
Notes receivable	$ 3
Soybeans and other agricultural commodity products | Unconsolidated joint ventures
Related Party Transactions
Purchases of soybeans, other commodity products and received port services from certain unconsolidated ventures	354	$ 271
Sale of soybeans, other commodity products and provided port services to certain unconsolidated ventures	110	94
Tolling, port services, administrative support, and other services | Unconsolidated joint ventures
Related Party Transactions
Purchases of soybeans, other commodity products and received port services from certain unconsolidated ventures	24	25
Sale of soybeans, other commodity products and provided port services to certain unconsolidated ventures	$ 4	$ 3

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) R$ in Millions, $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)subsidiary	Dec. 31, 2018USD ($)	Dec. 31, 2011USD ($)	Mar. 31, 2019BRL (R$)	Dec. 31, 2017USD ($)	Mar. 31, 2016employee
Loss Contingencies and Guarantees
Non-income tax claims	$ 262	$ 267
Maximum Potential Future Payments	574
Brazil
Loss Contingencies and Guarantees
Number of employees under administrative proceedings | employee						2
Argentina
Loss Contingencies and Guarantees
Payment of accrued export tax obligations			$ 112
Interest assessed on paid export tax obligations	301
Non-income tax claims
Loss Contingencies and Guarantees
Non-income tax claims	92	94
Labor claims
Loss Contingencies and Guarantees
Non-income tax claims	76	78
Civil and other claims
Loss Contingencies and Guarantees
Non-income tax claims	94	95
Value added tax claims (ICMS, IPI, PIS and COFINS) | Brazil
Loss Contingencies and Guarantees
Income tax liability for ICMS incentives or benefits					$ 0
Unconstitutional ICMS Tax Credits
Loss Contingencies and Guarantees
Portion of outstanding liabilities	63			R$ 243
ICMS tax liability | Brazil | Tax return examination 1990 - Present
Loss Contingencies and Guarantees
Total assessment	264	264
PIS COFINS liability | Brazil | Tax return examination 2004 - 2012
Loss Contingencies and Guarantees
Total assessment	230	$ 231
Unconsolidated affiliates financing
Loss Contingencies and Guarantees
Maximum Potential Future Payments	310
Potential liability	147
Obligation related to outstanding guarantees	19
Residual value guarantee
Loss Contingencies and Guarantees
Maximum Potential Future Payments	264
Obligation related to outstanding guarantees	0
Unconsolidated affiliates performance
Loss Contingencies and Guarantees
Potential liability	64
Obligation related to outstanding guarantees	0
Guarantee of indebtedness of subsidiaries
Loss Contingencies and Guarantees
Long-term debt including current portion, carrying value	$ 5,302
Guarantee of indebtedness of subsidiaries | 100% owned subsidiaries | Bunge Limited Finance Corp, Bunge Finance Europe, B.V and Bunge N.A. Finance L.P
Loss Contingencies and Guarantees
Number of finance subsidiaries issuing senior notes | subsidiary	2
Percentage of ownership interest	100.00%			100.00%

REDEEMABLE NONCONTROLLING INT_2

REDEEMABLE NONCONTROLLING INTEREST (Details) - Loders	Mar. 01, 2018
Redeemable Noncontrolling Interest [Line Items]
Interest acquired (as a percent)	70.00%
Loders
Redeemable Noncontrolling Interest [Line Items]
Ownership interest by minority shareholder	30.00%

EQUITY - AOCI (Details)

EQUITY - AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 6,173
Balance	6,100
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(6,935)	$ (5,930)
Other comprehensive income (loss) before reclassifications	(43)	(13)
Amount reclassified from accumulated other comprehensive income (loss)	22	(4)
Balance	(7,000)	(5,947)
Foreign Exchange Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(6,637)	(5,547)
Other comprehensive income (loss) before reclassifications	(20)	(15)
Amount reclassified from accumulated other comprehensive income (loss)	0	0
Balance	(6,657)	(5,562)
Deferred Gains (Losses) on Hedging Activities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(145)	(244)
Other comprehensive income (loss) before reclassifications	(23)	3
Amount reclassified from accumulated other comprehensive income (loss)	1	(3)
Balance	(169)	(244)
Pension and Other Postretirement Liability Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(153)	(140)
Other comprehensive income (loss) before reclassifications	0	(1)
Amount reclassified from accumulated other comprehensive income (loss)	21	0
Balance	$ (174)	(141)
Unrealized Gains (Losses) on Investments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance		1
Other comprehensive income (loss) before reclassifications		0
Amount reclassified from accumulated other comprehensive income (loss)		(1)
Balance		$ 0

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Computation of basic and diluted earnings per common share
Income (loss) from continuing operations	$ 50	$ (17)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests	(5)	(2)
Income (loss) from continuing operations attributable to Bunge	45	(19)
Convertible preference share dividends	(8)	(8)
Income (loss) from discontinued operations, net of tax	0	(2)
Net income (loss) available to Bunge common shareholders	37	(29)
Add back convertible preference share dividends	0	0
Net income (loss) available to Bunge common shareholders - Diluted	$ 37	$ (29)
Weighted-average number of common shares outstanding:
Basic (in shares)	141,205,004	140,736,907
Effect of dilutive shares:
-stock options and awards (in shares)	353,766	0
-convertible preference shares (in shares)	0	0
Diluted (in shares)	141,558,770	140,736,907
Basic earnings per common share:
Net income (loss) from continuing operations (in dollars per share)	$ 0.26	$ (0.20)
Net income (loss) from discontinued operations (in dollars per share)	0	(0.01)
Net income (loss) to Bunge common shareholders—basic (in dollars per share)	0.26	(0.21)
Diluted earnings per common share:
Net income (loss) from continuing operations (in dollars per share)	0.26	(0.20)
Net income (loss) from discontinued operations (in dollars per share)	0	(0.01)
Net income (loss) to Bunge common shareholders—diluted (in dollars per share)	$ 0.26	$ (0.21)
Convertible Preference Shares
Diluted earnings per common share:
Antidilutive shares excluded from computation of EPS (in shares)	8,000,000	8,000,000
Stock options and contingently issuable restricted stock units
Diluted earnings per common share:
Antidilutive shares excluded from computation of EPS (in shares)	5,000,000	7,000,000

SEGMENT INFORMATION - FINANCIAL

SEGMENT INFORMATION - FINANCIAL INFORMATION BY SEGMENT (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information
Number of reportable segments | segment	5
Operating Segment Information
Net sales	$ 9,938	$ 10,641
Foreign exchange gains (losses)	(7)	0
Noncontrolling interests	(5)	(2)
Other income (expense) – net	31	24
Total Segment EBIT from continuing operations	151	61
Discontinued operations	0	(2)
Depreciation, depletion and amortization	(139)	(142)
Total assets	20,535	23,084	$ 19,425
Agribusiness
Operating Segment Information
Net sales	6,919	7,462
Foreign exchange gains (losses)	(8)	0
Other income (expense) – net	32	24
Total Segment EBIT from continuing operations	109	42
Discontinued operations		0
Depreciation, depletion and amortization	(63)	(67)
Edible Oil Products
Operating Segment Information
Net sales	2,239	2,149
Foreign exchange gains (losses)	2	(1)
Other income (expense) – net	1	(3)
Total Segment EBIT from continuing operations	48	28
Discontinued operations		0
Depreciation, depletion and amortization	(40)	(32)
Milling Products
Operating Segment Information
Net sales	426	409
Foreign exchange gains (losses)	2	2
Other income (expense) – net	(1)	0
Total Segment EBIT from continuing operations	17	17
Discontinued operations		0
Depreciation, depletion and amortization	(14)	(15)
Sugar and Bioenergy
Operating Segment Information
Net sales	285	563
Foreign exchange gains (losses)	(3)	1
Other income (expense) – net	0	2
Total Segment EBIT from continuing operations	(24)	(24)
Discontinued operations		0
Depreciation, depletion and amortization	(20)	(26)
Fertilizer
Operating Segment Information
Net sales	69	58
Foreign exchange gains (losses)	0	(2)
Other income (expense) – net	(1)	1
Total Segment EBIT from continuing operations	1	(2)
Discontinued operations		0
Depreciation, depletion and amortization	(2)	(2)
Inter—segment revenues
Operating Segment Information
Net sales	(1,201)	(1,121)
Inter—segment revenues | Agribusiness
Operating Segment Information
Net sales	(1,168)	(1,066)
Inter—segment revenues | Edible Oil Products
Operating Segment Information
Net sales	(32)	(37)
Inter—segment revenues | Milling Products
Operating Segment Information
Net sales	0	0
Inter—segment revenues | Sugar and Bioenergy
Operating Segment Information
Net sales	0	(18)
Inter—segment revenues | Fertilizer
Operating Segment Information
Net sales	(1)	0
Operating | Agribusiness
Operating Segment Information
Noncontrolling interests	2	0
Total assets	12,681	14,531
Operating | Edible Oil Products
Operating Segment Information
Noncontrolling interests	(6)	(3)
Total assets	3,990	4,346
Operating | Milling Products
Operating Segment Information
Noncontrolling interests	0	0
Total assets	1,528	1,608
Operating | Sugar and Bioenergy
Operating Segment Information
Noncontrolling interests	(1)	1
Total assets	1,843	2,124
Operating | Fertilizer
Operating Segment Information
Noncontrolling interests	0	(1)
Total assets	333	297
Discontinued Operations and Unallocated
Operating Segment Information
Foreign exchange gains (losses)	0	0
Noncontrolling interests	0	1
Other income (expense) – net	0	0
Total Segment EBIT from continuing operations	0	0
Discontinued operations		(2)
Depreciation, depletion and amortization	0	0
Total assets	$ 160	$ 178

SEGMENT INFORMATION - NET INCOM

SEGMENT INFORMATION - NET INCOME TO SEGMENT EBIT (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Reconciliation of total segment EBIT:
Total Segment EBIT from continuing operations	$ 151	$ 61
Interest income	7	8
Interest expense	(75)	(70)
Income tax (expense) benefit	(38)	(19)
Income (loss) from discontinued operations, net of tax	0	(2)
Noncontrolling interests' share of interest and tax	0	1
Net income (loss) attributable to Bunge	$ 45	$ (21)

SEGMENT INFORMATION - NET SALES

SEGMENT INFORMATION - NET SALES TO EXTERNAL CUSTOMERS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue from External Customer [Line Items]
Sales from other arrangements	$ 7,396	$ 8,024
Sales from contracts with customers	2,542	2,617
Net sales to external customers	9,938	10,641
Agribusiness
Revenue from External Customer [Line Items]
Sales from other arrangements	6,717	7,138
Sales from contracts with customers	202	324
Net sales to external customers	6,919	7,462
Edible Oil Products
Revenue from External Customer [Line Items]
Sales from other arrangements	459	423
Sales from contracts with customers	1,780	1,726
Net sales to external customers	2,239	2,149
Milling Products
Revenue from External Customer [Line Items]
Sales from other arrangements	15	12
Sales from contracts with customers	411	397
Net sales to external customers	426	409
Sugar and Bioenergy
Revenue from External Customer [Line Items]
Sales from other arrangements	205	451
Sales from contracts with customers	80	112
Net sales to external customers	285	563
Fertilizer
Revenue from External Customer [Line Items]
Sales from other arrangements	0	0
Sales from contracts with customers	69	58
Net sales to external customers	$ 69	$ 58