Bunge Limited (BG) 10-Q 31 Jul 19 2019 Q2 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	6 Months Ended
	Jun. 30, 2019	Jul. 26, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-16625
Entity Registrant Name	Bunge LTD
Entity Central Index Key	0001144519
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	D0
Entity Tax Identification Number	98-0231912
Entity Address, Address Line One	50 Main Street
Entity Address, City or Town	White Plains
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10606
City Area Code	914
Local Phone Number	684-2800
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Shares, $0.01 par value per share
Trading Symbol	BG
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		141,556,942

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net sales	$ 10,096	$ 12,147	$ 20,034	$ 22,788
Cost of goods sold	(9,584)	(11,605)	(19,085)	(21,862)
Gross profit	512	542	949	926
Selling, general and administrative expenses	(335)	(377)	(640)	(721)
Interest income	7	6	14	14
Interest expense	(88)	(94)	(163)	(164)
Foreign exchange gains (losses)	(11)	(96)	(18)	(96)
Other income (expense) – net	187	4	218	28
Income (loss) from continuing operations before income tax	272	(15)	360	(13)
Income tax (expense) benefit	(60)	(2)	(98)	(21)
Income (loss) from continuing operations	212	(17)	262	(34)
Income (loss) from discontinued operations, net of tax	0	7	0	5
Net income (loss)	212	(10)	262	(29)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests	2	(2)	(3)	(4)
Net income (loss) attributable to Bunge	214	(12)	259	(33)
Convertible preference share dividends	(9)	(9)	(17)	(17)
Net income (loss) available to Bunge common shareholders	$ 205	$ (21)	$ 242	$ (50)
Earnings per common share—basic (Note 19)
Net income (loss) from continuing operations (in dollars per share)	$ 1.46	$ (0.20)	$ 1.72	$ (0.39)
Net income (loss) from discontinued operations (in dollars per share)	0	0.05	0	0.03
Net income (loss) to Bunge common shareholders—basic (in dollars per share)	1.46	(0.15)	1.72	(0.36)
Earnings per common share—diluted (Note 19)
Net income (loss) from continuing operations (in dollars per share)	1.43	(0.20)	1.71	(0.39)
Net income (loss) from discontinued operations (in dollars per share)	0	0.05	0	0.03
Net income (loss) to Bunge common shareholders—diluted (in dollars per share)	$ 1.43	$ (0.15)	$ 1.71	$ (0.36)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 212	$ (10)	$ 262	$ (29)
Other comprehensive income (loss):
Foreign exchange translation adjustment	97	(1,024)	68	(1,036)
Unrealized gains (losses) on designated hedges, net of tax (expense) benefit of ($1) and ($1) in 2019 and $2 and $2 in 2018	(8)	161	(31)	164
Reclassification of realized net (gains) losses to net income, net of tax expense (benefit) of $1 and $1 in 2019 and nil and nil in 2018	(1)	3	(2)	(1)
Pension adjustment, net of tax (expense) benefit of nil and nil in 2019 and nil and nil in 2018	0	2	0	1
Total other comprehensive income (loss)	88	(858)	35	(872)
Total comprehensive income (loss)	300	(868)	297	(901)
Less: comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests	(5)	8	(1)	3
Total comprehensive income (loss) attributable to Bunge	$ 295	$ (860)	$ 296	$ (898)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Unrealized gains (losses) on designated cash flow and net investment hedges, tax (expense) benefit	$ (1)	$ (1)	$ 0	$ 2
Reclassification of realized net losses (gains) to net income, tax expense (benefit)	1	1	0	0
Pension adjustment, tax (expense) benefit	$ 0	$ 0	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 238	$ 389
Trade accounts receivable (less allowances of $113 and $113) (Note 14)	1,711	1,637
Inventories (Note 6)	5,875	5,871
Other current assets (Note 7)	3,283	3,171
Total current assets	11,107	11,068
Property, plant and equipment, net	5,238	5,201
Operating lease assets (Note 4)	1,027
Goodwill	729	727
Other intangible assets, net	643	697
Investments in affiliates	474	451
Deferred income taxes	456	458
Other non-current assets (Note 8)	750	823
Total assets	20,424	19,425
Current liabilities:
Short-term debt	1,885	750
Current portion of long-term debt (Note 13)	424	419
Trade accounts payable (includes $721 and $441 carried at fair value)	3,053	3,501
Current operating lease obligations (Note 4)	231
Other current liabilities (Note 10)	1,864	2,502
Total current liabilities	7,457	7,172
Long-term debt (Note 13)	4,039	4,203
Deferred income taxes	349	356
Non-current operating lease obligations (Note 4)	750
Other non-current liabilities	879	892
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest (Note 17)	425	424
Equity (Note 18):
Convertible perpetual preference shares, par value $.01; authorized – 21,000,000 shares, issued and outstanding: 2019 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 – 141,533,722 shares, 2018 – 141,111,081 shares	1	1
Additional paid-in capital	5,300	5,278
Retained earnings	8,179	8,059
Accumulated other comprehensive income (loss) (Note 18)	(6,919)	(6,935)
Treasury shares, at cost - 2019 and 2018 - 12,882,313 shares	(920)	(920)
Total Bunge shareholders’ equity	6,331	6,173
Noncontrolling interests	194	205
Total equity	6,525	6,378
Total liabilities, redeemable noncontrolling interest and equity	$ 20,424	$ 19,425

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances (in dollars)	$ 113	$ 113
Trade accounts payable at fair value	$ 721	$ 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)	141,533,722	141,111,081
Common shares, outstanding (in shares)	141,533,722	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	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
OPERATING ACTIVITIES
Net income (loss)	$ 262	$ (29)
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:
Impairment charges	22	4
Foreign exchange loss on net debt	38	171
Bad debt expense	4	23
Depreciation, depletion and amortization	294	304
Share-based compensation expense	17	21
Deferred income tax (benefit)	3	(50)
Other, net	(13)	5
Changes in operating assets and liabilities, excluding the effects of acquisitions:
Trade accounts receivable	(106)	(245)
Inventories	5	(2,202)
Secured advances to suppliers	(120)	(308)
Trade accounts payable and accrued liabilities	(503)	(48)
Advances on sales	(169)	(80)
Net unrealized gains and losses on derivative contracts	(214)	262
Margin deposits	121	(217)
Marketable securities	(272)	(56)
Beneficial interest in securitized trade receivables	(521)	(1,074)
Other, net	69	(30)
Cash provided by (used for) operating activities	(1,083)	(3,549)
INVESTING ACTIVITIES
Payments made for capital expenditures	(265)	(220)
Acquisitions of businesses (net of cash acquired)	0	(968)
Proceeds from investments	213	945
Payments for investments	(277)	(1,082)
Settlement of net investment hedges	(39)	12
Proceeds from beneficial interest in securitized trade receivables	547	1,064
Payments for investments in affiliates	(6)	0
Other, net	12	32
Cash provided by (used for) investing activities	185	(217)
FINANCING ACTIVITIES
Net change in short-term debt with maturities of 90 days or less	1,198	1,903
Proceeds from short-term debt with maturities greater than 90 days	44	231
Repayments of short-term debt with maturities greater than 90 days	(104)	(63)
Proceeds from long-term debt	3,262	5,926
Repayments of long-term debt	(3,496)	(4,430)
Proceeds from the exercise of options for common shares	7	11
Dividends paid to common and preference shareholders	(158)	(147)
Other, net	(8)	(13)
Cash provided by (used for) financing activities	745	3,418
Effect of exchange rate changes on cash and cash equivalents and restricted cash	8	(32)
Net increase (decrease) in cash and cash equivalents and restricted cash	(145)	(380)
Cash and cash equivalents and restricted cash - beginning of period	393	605
Cash and cash equivalents and restricted cash - end of period	$ 248	$ 225

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)		(30)				(33)			3	1
Other comprehensive income (loss)		(872)					(865)		(7)	(21)
Dividends on common shares		(135)				(135)
Dividends on preference shares		(17)				(17)
Dividends to noncontrolling interests on subsidiary common stock		(6)							(6)
Deconsolidation of a subsidiary		(2)							(2)
Acquisition of noncontrolling interest										461
Share-based compensation expense		21			21
Impact of adoption of new accounting standards		21				21
Issuance of shares (in shares)			17	419,110
Issuance of common shares, including stock dividends		6			6
Balance at Jun. 30, 2018										441
Balance (in shares) at Jun. 30, 2018			6,899,683	141,065,939
Balance at Jun. 30, 2018		6,343	$ 690	$ 1	5,253	7,917	(6,795)	(920)	197
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
Increase (Decrease) in Stockholders' Equity
Net income (loss)		(11)				(12)			1	1
Other comprehensive income (loss)		(858)					(848)		(10)	(25)
Dividends on common shares		(70)				(70)
Dividends on preference shares		(9)				(9)
Dividends to noncontrolling interests on subsidiary common stock		(6)							(6)
Acquisition of noncontrolling interest										(5)
Share-based compensation expense		14			14
Issuance of shares (in shares)			17	161,911
Issuance of common shares, including stock dividends		6			6
Balance at Jun. 30, 2018										441
Balance (in shares) at Jun. 30, 2018			6,899,683	141,065,939
Balance at Jun. 30, 2018		6,343	$ 690	$ 1	5,253	7,917	(6,795)	(920)	197
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)		258				259			(1)	4
Other comprehensive income (loss)		38					37		1	(3)
Dividends on common shares		(142)				(142)
Dividends on preference shares		(17)				(17)
Dividends to noncontrolling interests on subsidiary common stock		(12)							(12)
Contribution from noncontrolling interest		1							1
Share-based compensation expense		17			17
Impact of adoption of new accounting standards	[1]	0				21	(21)
Issuance of shares (in shares)				422,641
Issuance of common shares, including stock dividends		4			5	(1)
Balance at Jun. 30, 2019		425								425
Balance (in shares) at Jun. 30, 2019			6,899,683	141,533,722
Balance at Jun. 30, 2019		6,525	$ 690	$ 1	5,300	8,179	(6,919)	(920)	194
Balance at Mar. 31, 2019										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
Increase (Decrease) in Stockholders' Equity
Net income (loss)		213				214			(1)	(1)
Other comprehensive income (loss)		83					81		2	5
Dividends on common shares		(71)				(71)
Dividends on preference shares		(9)				(9)
Dividends to noncontrolling interests on subsidiary common stock		(11)							(11)
Share-based compensation expense		13			13
Issuance of shares (in shares)				64,661
Issuance of common shares, including stock dividends		3			3	0
Balance at Jun. 30, 2019		425								$ 425
Balance (in shares) at Jun. 30, 2019			6,899,683	141,533,722
Balance at Jun. 30, 2019		$ 6,525	$ 690	$ 1	$ 5,300	$ 8,179	$ (6,919)	$ (920)	$ 194
[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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Stockholders' Equity [Abstract]
Dividends on common shares (in dollars per share)	$ 0.50	$ 0.50	$ 1	$ 0.96
Dividends on preferred shares (in dollars per share)	$ 1.21875	$ 1.21875	$ 2.4375	$ 2.4375

BASIS OF PRESENTATION, PRINCIPL

BASIS OF PRESENTATION, PRINCIPLES OF CONSOLIDATION, AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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) June 30, 2019 June 30, 2018 Cash and cash equivalents $ 238 $ 221 Restricted cash included in other current assets 10 4 Total $ 248 $ 225 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 a reclassification of cash inflows from operating activities to cash inflows from investing activities. Therefore, the condensed consolidated statement of cash flows for the six months ended June 30, 2018 has been revised to reflect this change.

ACCOUNTING PRONOUNCEMENTS

ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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” or "GCP"). When fully implemented, the GCP is expected to reduce the Company’s overhead costs by approximately $250 million annually by the end of 2019 . The Company identified key elements of its strategy to meet this goal, including adopting a zero-based budgeting process that will target excess costs in specific budget categories and improving efficiency and scalability by simplifying organizational structures, streamlining processes and consolidating back office functions globally. In conjunction with the GCP, the Company has implemented other cost reduction and strategic initiatives to enhance the efficiency and performance of the Company’s business. The table below sets forth, by segment, the types of costs recorded for the GCP. Six Months Ended June 30, 2019 2018 (US$ 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 $ 7 $ 2 $ 3 $ 12 $ 11 $ 12 $ 23 Edible Oils Segment 2 1 — 3 2 3 5 Milling Segment 1 — — 1 — 2 2 Sugar and Bioenergy Segment (1 ) — 1 — 2 3 5 Fertilizer Segment — — — — 2 1 3 Total $ 9 $ 3 $ 4 $ 16 $ 17 $ 21 $ 38 In addition to the above charges, $1 million and $1 million of severance and other employee benefit costs were recorded related to other industrial productivity initiatives for the six months ended June 30, 2019 and 2018 , respectively. For the six months ended June 30, 2019 and 2018 costs recorded above, $1 million and $7 million , respectively, were recorded in Cost of goods sold and $16 million and $32 million , respectively, were recorded in Selling, general and administrative expenses. Bunge's liability associated with the GCP and other associated initiatives is primarily comprised of accruals for severance and other employee benefit costs. The following table sets forth the activity affecting the liability for severance and other employee benefit costs related to the GCP and other associated initiatives, which is recorded in Other current liabilities on the condensed consolidated balance sheet. (US$ in millions) Severance and Other Employee Benefit Costs Balance at January 1, 2019 $ 3 Charges incurred 9 Cash payments (5 ) Balance at June 30, 2019 $ 7 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 six months ended June 30, 2019 and 2018 , nil and $15 million

LEASES

LEASES	6 Months Ended
	Jun. 30, 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 6.2 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 June 30, 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. All 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 Six Months Ended Operating lease cost $ 80 $ 160 Short-term lease cost 149 301 Variable lease cost 5 8 Sublease income (20 ) (50 ) Total lease cost $ 214 $ 419 Supplemental cash flow information related to leases was as follows: (US$ in millions) Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows associated with operating leases $ 160 Supplemental non-cash information: Right-of-use assets obtained in exchange for lease obligations $ 150 Maturities of lease liabilities for operating leases as of June 30, 2019 , are as follows: (US$ in millions) Remaining in 2019 $ 151 2020 253 2021 211 2022 166 2023 128 Thereafter 306 Total lease payments (1) 1,215 Less imputed interest 234 Present value of lease liabilities $ 981 (1) Minimum lease payments have not been reduced by minimum sublease income receipts of $37 million due in future periods under non-cancelable subleases. Non-cancelable subleases primarily relate to agreements with third parties for the use of portions of certain facilities with remaining sublease terms 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 June 30, 2019 , the Company has additional operating leases for freight supply agreements on ocean freight vessels, that have not yet commenced, of $185 million . These operating leases will commence in 2019 and 2020 , with lease terms of up to eight years . Prior year lease disclosures The following pertains to previously disclosed information from Note 21, Commitments and contingencies and Note 26, Lease commitments , contained in Bunge's 2018 Annual Report on Form 10-K, which incorporates information about leases now in scope of ASC 842, Leases , disclosed above. Operating lease for storage facilities, transportation equipment and office facilities —Future minimum lease payments by year and in the aggregate under non-cancelable operating leases with initial term of one year or more at December 31, 2018 are as follows: (US$ 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	6 Months Ended
	Jun. 30, 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 global trade flows. For the six months ended June 30, 2019 and 2018 , net returns from these activities were $9 million and $14 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 June 30, 2019 and December 31, 2018 , time deposits and LCs of $3,923 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 June 30, 2019 and December 31, 2018 , time deposits, including those presented on a net basis, carried weighted-average interest rates of 3.69% and 3.76% , respectively. During the six months ended June 30, 2019 and 2018 , total net proceeds from issuances of LCs were $2,030 million and $3,243 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	6 Months Ended
	Jun. 30, 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) June 30, December 31, Agribusiness (1) $ 4,508 $ 4,551 Edible Oil Products (2) 737 742 Milling Products 199 220 Sugar and Bioenergy (3) 315 280 Fertilizer 116 78 Total $ 5,875 $ 5,871 (1) Includes RMI of $4,275 million and $4,365 million at June 30, 2019 and December 31, 2018 , respectively. Of these amounts, $3,327 million and $3,300 million can be attributable to merchandising activities at June 30, 2019 and December 31, 2018 , respectively. (2) Includes RMI of $102 million and $88 million at June 30, 2019 and December 31, 2018 , respectively. (3) Includes RMI of $46 million and $79 million at June 30, 2019 and December 31, 2018 , respectively. Of these amounts, $42 million and $74 million can be attributable to merchandising activities at June 30, 2019 and December 31, 2018 , respectively.

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS	6 Months Ended
	Jun. 30, 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) June 30, December 31, Unrealized gains on derivative contracts, at fair value $ 936 $ 1,071 Prepaid commodity purchase contracts (1) 372 253 Secured advances to suppliers, net (2) 263 257 Recoverable taxes, net 450 500 Margin deposits 227 348 Marketable securities, at fair value, and other short-term investments 514 162 Deferred purchase price receivable, at fair value (3) 102 128 Income taxes receivable 37 102 Prepaid expenses 147 165 Other 235 185 Total $ 3,283 $ 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 nil at June 30, 2019 and $1 million at December 31, 2018 . Interest earned on secured advances to suppliers of $6 million and $8 million for the three months ended June 30, 2019 and 2018 , respectively, and $13 million and $18 million for the six months ended June 30, 2019 and 2018 , respectively, is included in net sales in the condensed consolidated statements of income. (3) Deferred purchase price receivable represents additional credit support for the investment conduits in Bunge’s trade receivables securitization program (see Note 14). Marketable Securities and Other Short-Term Investments - Bunge invests in foreign government securities, corporate debt securities, deposits, equity securities, and other securities. The following is a summary of amounts recorded in the condensed consolidated balance sheets for marketable securities and other short-term investments. (US$ in millions) June 30, December 31, Foreign government securities $ 145 $ 55 Corporate debt securities 120 91 Certificates of deposit/time deposits 91 15 Equity securities 157 — Other 1 1 Total $ 514 $ 162 As of June 30, 2019 and December 31, 2018 , $422 million and $144 million , respectively, of marketable securities and other short-term investments are recorded at fair value. All other investments are recorded at cost, and due to the short-term nature of these investments, their carrying value approximates fair value. For the six months ended June 30, 2019 , unrealized gains of $159 million have been recorded for investments still held at June 30, 2019 .

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS	6 Months Ended
	Jun. 30, 2019
Other Assets, Noncurrent [Abstract]
OTHER NON-CURRENT ASSETS	OTHER NON-CURRENT ASSETS Other non-current assets consist of the following: (US$ in millions) June 30, December 31, Recoverable taxes, net (1) $ 82 $ 112 Judicial deposits (1) 121 115 Other long-term receivables 6 8 Income taxes receivable (1) 227 221 Long-term investments 76 91 Affiliate loans receivable 30 29 Long-term receivables from farmers in Brazil, net (1) 77 93 Other 131 154 Total $ 750 $ 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 $29 million and $27 million at June 30, 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 six months ended June 30, 2019 and the year ended December 31, 2018 was $203 million and $215 million , respectively. The table below summarizes Bunge’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts. June 30, 2019 December 31, 2018 (US$ in millions) Recorded Investment Allowance Recorded Investment Allowance For which an allowance has been provided: Legal collection process (1) $ 106 $ 90 $ 105 $ 89 Renegotiated amounts (2) 13 13 17 17 For which no allowance has been provided: Legal collection process (1) 56 — 51 — Renegotiated amounts (2) 5 — 10 — Other long-term receivables — — 16 — Total $ 180 $ 103 $ 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 Six Months Ended (US$ in millions) 2019 2018 2019 2018 Beginning balance $ 105 $ 116 $ 106 $ 113 Bad debt provisions — — 1 4 Recoveries (4 ) (2 ) (5 ) (3 ) Write-offs — (1 ) — (1 ) Foreign exchange translation 2 (15 ) 1 (15 ) Ending balance $ 103 $ 98 $ 103 $ 98

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2019 and 2018 , income tax expense related to continuing operations was $98 million and $21 million , respectively. The effective tax rates for the six months ended June 30, 2019 and 2018 were impacted by 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. Bunge is currently under examination or litigation in various locations throughout the world. 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	6 Months Ended
	Jun. 30, 2019
Other Liabilities Disclosure [Abstract]
OTHER CURRENT LIABILITIES	OTHER CURRENT LIABILITIES Other current liabilities consist of the following: (US$ in millions) June 30, December 31, Unrealized losses on derivative contracts, at fair value $ 838 $ 1,192 Accrued liabilities 535 618 Advances on sales 237 405 Other 254 287 Total $ 1,864 $ 2,502

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 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. Exchange traded derivative contracts (less liquid market). 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 Note 15, Financial Instruments and Fair Value Measurements , 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 June 30, 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) $ — $ 3,651 $ 772 $ 4,423 $ — $ 4,286 $ 246 $ 4,532 Trade accounts receivable (1) — 1 — 1 — — — — Unrealized gain on derivative contracts (2) : 1 Interest rate — 48 — 48 — 6 — 6 Foreign exchange — 377 — 377 — 473 — 473 Commodities 35 415 13 463 128 407 18 553 Freight 14 — 2 16 6 — 6 12 Energy 72 — — 72 30 — — 30 Credit — 1 — 1 — — — — Deferred purchase price receivable (Note 14) — 102 — 102 — 128 — 128 Other (3) 171 274 — 445 67 98 — 165 Total assets $ 292 $ 4,869 $ 787 $ 5,948 $ 231 $ 5,398 $ 270 $ 5,899 Liabilities: Trade accounts payable (1) $ — $ 386 $ 335 $ 721 $ — $ 394 $ 47 $ 441 Unrealized loss on derivative contracts (4): Interest rate — 21 — 21 — 42 — 42 Foreign exchange — 272 — 272 — 499 — 499 Commodities 54 375 23 452 152 446 23 621 Freight 20 — 4 24 13 — 6 19 Energy 68 — 2 70 43 — 1 44 Credit — 1 — 1 — — — — Equity 1 — — 1 — — — — Total liabilities $ 143 $ 1,055 $ 364 $ 1,562 $ 208 $ 1,381 $ 77 $ 1,666 (1) These receivables and payables are hybrid financial instruments for which Bunge has elected the fair value option. (2) Unrealized gains on derivative contracts are generally included in other current assets. There were $41 million and $3 million included in other non-current assets at June 30, 2019 and December 31, 2018 , respectively. (3) Other includes the fair values of marketable securities, cash and cash equivalents and investments in other current assets and other non-current assets. (4) Unrealized losses on derivative contracts are generally included in other current liabilities. There are $3 million and $33 million included in other non-current liabilities at June 30, 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 —The majority of 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 and six months ended June 30, 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 June 30, 2019 (US$ in millions) Readily Derivatives, Trade Total Balance, April 1, 2019 $ 633 $ (2 ) $ (397 ) $ 234 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 145 (9 ) 7 143 Purchases 626 — (71 ) 555 Sales (764 ) — — (764 ) Issuances — (1 ) — (1 ) Settlements — — 113 113 Transfers into Level 3 189 (2 ) (2 ) 185 Transfers out of Level 3 (57 ) — 15 (42 ) Balance, June 30, 2019 $ 772 $ (14 ) $ (335 ) $ 423 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $63 million , $(11) million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2019 . Three Months Ended June 30, 2018 (US$ in millions) Readily Derivatives, Trade Accounts Payable Total Balance, April 1, 2018 $ 860 $ 5 $ (317 ) $ 548 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 46 14 3 63 Purchases 532 1 (3 ) 530 Sales (267 ) — — (267 ) Issuances — — — — Settlements — (1 ) 110 109 Transfers into Level 3 151 (2 ) (76 ) 73 Transfers out of Level 3 (97 ) (1 ) 18 (80 ) Balance, June 30, 2018 $ 1,225 $ 16 $ (265 ) $ 976 1) Readily marketable inventories, derivatives, net and trade accounts payable, includes gains/(losses) of $(16) million , $13 million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2018 . Six Months Ended June 30, 2019 (US$ in millions) Readily Derivatives, Trade Total Balance, January 1, 2019 $ 246 $ (6 ) $ (47 ) $ 193 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 183 (7 ) 12 188 Purchases 1,325 — (432 ) 893 Sales (1,334 ) — — (1,334 ) Issuances — (1 ) — (1 ) Settlements — — 145 145 Transfers into Level 3 465 — (28 ) 437 Transfers out of Level 3 (113 ) — 15 (98 ) Balance, June 30, 2019 $ 772 $ (14 ) $ (335 ) $ 423 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $99 million , $(6) million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2019 . Six Months Ended June 30, 2018 (US$ in millions) Readily Derivatives, Trade Total Balance, January 1, 2018 $ 365 $ 2 $ (116 ) $ 251 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 109 11 13 133 Purchases 1,145 10 (251 ) 904 Sales (546 ) — — (546 ) Issuances — (9 ) — (9 ) Settlements — 7 150 157 Transfers into Level 3 275 (4 ) (79 ) 192 Transfers out of Level 3 (123 ) (1 ) 18 (106 ) Balance, June 30, 2018 $ 1,225 $ 16 $ (265 ) $ 976 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $(19) million , $1 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 June 30, 2018 .

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 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 enters into qualify for hedge accounting in the financial statements (Hedge Accounting Derivatives) and some, while intended as economic hedges, do not qualify or are not designated for hedge accounting (Economic Hedge Derivatives). As these derivatives 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, foreign currency, and commodity 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 fair value 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 fair value 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), $2 million is expected to be reclassified to earnings in the next twelve months. Cash flow hedges of commodity risk - Bunge manages commodity price risk on certain forecasted purchases and sales with commodity futures. The change in the value of the future is classified in Accumulated other comprehensive income (loss) until the transaction affects earnings, at which time the change in value of the commodity future is reclassified to Net sales or Cost of goods sold. These hedges mature at various times through October 2020 . Of the amount currently in Accumulated other comprehensive income (loss), $3 million is expected to be reclassified to earnings in the next twelve months. Net investment hedges - Bunge hedges the currency risk of certain of its foreign subsidiaries with currency forwards and intercompany loans for which the currency risk is remeasured through Accumulated other comprehensive income (loss). For currency forwards, the forward method is used. The change in the value of the forward is classified in Accumulated other comprehensive income (loss) until the transaction affects earnings. The table below provides information about the balance sheet values of hedged items and the notional amount of derivatives used in hedging strategies. The notional amount of the derivative is the number of units of the underlying (for example, the notional principal amount of the debt in an interest rate swap). The notional amount is used to compute interest or other payment streams to be made under the contract and is a measure of Bunge’s level of activity. Bunge discloses derivative notional amounts on a gross basis. (US$ in millions) June 30, 2019 December 31, 2018 Unit of Hedging instrument type: Fair value hedges of interest rate risk Carrying value of hedged debt $ 2,291 $ 2,229 $ Notional Cumulative adjustment to long-term debt from application of hedge accounting $ 38 $ (29 ) $ Notional Interest rate swap - notional amount $ 2,260 $ 2,266 $ Notional Fair value hedges of currency risk Carrying value of hedged debt $ 320 $ 312 $ Notional Cross currency swap - notional amount $ 321 $ 313 $ Notional Cash flow hedges of currency risk Foreign currency forward - notional amount $ 164 $ 50 $ Notional Cash flow hedges of commodity risk Commodity price risk future - notional amount 296 — Metric Tons Net investment hedges Foreign currency forward - notional amount $ 1,141 $ 1,888 $ Notional Carrying value of non-derivative hedging instrument $ 907 $ 912 $ Notional 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 June 30, 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. June 30, December 31, 2019 2018 Unit of (US$ in millions) Long (Short) Long (Short) Interest rate Swaps $ 7,547 $ (92 ) $ 3,349 $ (111 ) $ Notional Futures $ 3 $ — $ — $ — $ Notional FRAs $ 426 $ (485 ) $ 139 $ (149 ) $ Notional Currency Forwards $ 10,198 $ (11,144 ) $ 13,713 $ (13,701 ) $ Notional Swaps $ 35 $ (69 ) $ 127 $ (535 ) $ Notional Futures $ 62 $ — $ — $ (16 ) $ Notional Options $ 87 $ (79 ) $ 869 $ (919 ) Delta Agricultural commodities Forwards 28,726,008 (34,604,184 ) 25,523,840 (29,314,930 ) Metric Tons Swaps — (5,624,547 ) — (9,908,728 ) Metric Tons Futures 1,959,874 — 4,136,525 — Metric Tons Options — (1,188,015 ) 718,709 — Metric Tons Ocean freight FFA 1,970 — — (90 ) Hire Days FFA options 75 — 302 — Hire Days Natural gas Swaps 349,763 — 1,205,687 — MMBtus Futures 1,605,372 — 2,268,190 — MMBtus Energy - other Forwards 5,534,290 — 5,536,290 — Metric Tons Futures — (17,063 ) — (29,367 ) Metric Tons Swaps 163,000 — 188,800 — Metric Tons Other Swaps and futures $ 210 $ (1,824 ) $ 52 $ — $ Notional The Effect of Derivative Instruments and Hedge Accounting on the Condensed Consolidated Statements of Income The tables below summarize the net effect of derivative instruments and hedge accounting on the condensed consolidated statements of income for the three and six months ended June 30, 2019 and 2018 . Gain (Loss) Recognized in Three Months Ended June 30, (US$ in millions) 2019 2018 Income statement classification Type of derivative Net sales Hedge accounting Foreign currency $ 1 $ (1 ) Cost of goods sold Hedge accounting Foreign currency $ — $ 1 Economic hedges Foreign currency 91 (379 ) Commodities (244 ) 432 Other (1) — 7 Total Cost of goods sold $ (153 ) $ 61 Interest expense Hedge accounting Interest rate $ (5 ) $ (2 ) Economic hedges Interest rate (7 ) — Total Interest expense $ (12 ) $ (2 ) Foreign exchange gains (losses) Hedge accounting Foreign currency $ 9 $ (15 ) Economic hedges Foreign currency (7 ) (41 ) Total Foreign exchange gains (losses) $ 2 $ (56 ) 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 $ 3 $ (7 ) Gains and losses on derivatives used as cash flow hedges of commodity price risk included in other comprehensive income (loss) during the period $ 8 $ — Gains and losses on derivatives used as net investment hedges included in other comprehensive income (loss) during the period $ (7 ) $ 114 Foreign currency gains and losses on intercompany loans used as net investment hedges included in other comprehensive income (loss) during the period $ (12 ) $ 52 Amounts released from accumulated other comprehensive income (loss) during the period Cash flow hedge of foreign currency risk $ 1 $ (4 ) (1) Other includes the results from freight, energy and other derivatives. Gain (Loss) Recognized in Six Months Ended June 30, (US$ in millions) 2019 2018 Income statement classification Type of derivative Net sales Hedge accounting Foreign currency $ 2 $ (1 ) Cost of goods sold Hedge accounting Foreign currency $ — $ 1 Economic hedges Foreign currency 166 (414 ) Commodities (106 ) 172 Other (1) 28 — Total Cost of goods sold $ 88 $ (241 ) Interest expense Hedge accounting Interest rate $ (8 ) $ — Economic hedges Interest rate (10 ) — Total Interest expense $ (18 ) $ — Foreign exchange gains (losses) Hedge accounting Foreign currency $ 8 $ (12 ) Economic hedges Foreign currency 31 (44 ) Total Foreign exchange gains (losses) $ 39 $ (56 ) Other comprehensive income (loss) 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 ) Gains and losses on derivatives used as cash flow hedges of foreign currency risk included in other comprehensive income (loss) during the period $ 3 $ (5 ) Gains and losses on derivatives used as cash flow hedges of commodity price risk included in other comprehensive income (loss) during the period $ 8 $ — Gains and losses on derivatives used as net investment hedges included in other comprehensive income (loss) during the period $ (45 ) $ 133 Foreign currency gains and losses on intercompany loans used as net investment hedges included in other comprehensive income (loss) during the period $ 5 $ 35 Amounts released from accumulated other comprehensive income (loss) during the period Cash flow hedge of foreign currency risk $ 2 $ (1 ) (1) Other includes the results from freight, energy and other derivatives.

DEBT

DEBT	6 Months Ended
	Jun. 30, 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 June 30, 2019 , there were $544 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 June 30, 2019 , there was $450 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 $891 million in short-term borrowings outstanding under local bank lines of credit at June 30, 2019 to support working capital requirements. At June 30, 2019 , Bunge had $4,221 million of unused and available borrowing capacity under its committed credit facilities totaling $5,015 million with a number of lending institutions. The fair value of Bunge’s long-term debt is based on interest rates currently available on comparable maturities to companies with credit standing similar to that of Bunge. The carrying amounts and fair value of long-term debt are as follows: June 30, 2019 December 31, 2018 (US$ in millions) Carrying Value Fair Value (Level 2) Carrying Fair Value Long-term debt, including current portion $ 4,463 $ 4,522 $ 4,622 $ 4,584 On July 1, 2019, Bunge entered into an unsecured five -year multi-currency syndicated term loan agreement (the "Term Loan") in the Japanese loan market, with certain lenders party thereto. The Term Loan is comprised of two tranches: Tranche A, Japanese Yen 30.7 billion ( $285 million ) bearing interest at three-month LIBOR plus a margin of 0.75% and Tranche B, $90 million bearing interest at three-month LIBOR plus a margin of 1.30% . The proceeds were used to pre-pay amounts outstanding under Bunge’s existing multi-currency syndicated term loan facility in the Japanese loan market maturing in December 2019.

TRADE RECEIVABLES SECURITIZATIO

TRADE RECEIVABLES SECURITIZATION PROGRAM	6 Months Ended
	Jun. 30, 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) June 30, December 31, Receivables sold which were derecognized from Bunge's balance sheet $ 807 $ 826 Deferred purchase price included in other current assets $ 102 $ 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. Six Months Ended (US$ in millions) 2019 2018 Gross receivables sold $ 4,663 $ 4,830 Proceeds received in cash related to transfer of receivables $ 4,469 $ 4,626 Cash collections from customers on receivables previously sold $ 3,846 $ 4,711 Discounts related to gross receivables sold included in SG&A $ 8 $ 6 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	6 Months Ended
	Jun. 30, 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 $21 million at June 30, 2019 , which matures in September 2021, 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 June 30, 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 $4 million at June 30, 2019 . Notes payable - Bunge holds a note payable with Bunge SCF Grain LLC with a carrying value of $14 million at June 30, 2019 . This note matures on March 31, 2023 with a variable interest rate of 2.43% . Other - Bunge purchased soybeans and other agricultural commodity products from certain of its unconsolidated investees and other related parties totaling $307 million and $352 million for the three months ended June 30, 2019 and 2018 , respectively, and $661 million and $663 million for the six months ended June 30, 2019 and 2018 , respectively. Bunge also sold soybeans and other agricultural commodity products to certain of its unconsolidated investees and other related parties totaling $96 million and $118 million for the three months ended June 30, 2019 and 2018 , re s pectively, and $206 million and $219 million for the six months ended June 30, 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 June 30, 2019 and 2018 , Bunge received services totaling $26 million and $31 million , respectively, and provided services of $6 million and $8 million , respectively. During the six months ended June 30, 2019 and 2018 , Bunge received services totaling $50 million and $56 million , respectively, and provided services of $10 million and $11 million , respectively. Bunge believes all transaction values to be similar to those that would be conducted with third parties. At June 30, 2019 and December 31, 2018 , Bunge had approximately $42 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 June 30, 2019 and December 31, 2018 , Bunge had approximately $55 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	6 Months Ended
	Jun. 30, 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 South America, 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 legal matters 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 that a liability arising from these matters could have a material adverse impact in the period the uncertainties are resolved should the liability substantially exceed the amount of provisions included in the condensed consolidated balance sheets. Included in other non-current liabilities at June 30, 2019 and December 31, 2018 are the following amounts related to these matters: (US$ in millions) June 30, December 31, Non-income tax claims $ 92 $ 94 Labor claims 78 78 Civil and other claims 98 95 Total $ 268 $ 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 a result, the liability was reduced to 241 million Brazilian reais (approximately $63 million ) as of June 30, 2019 . As of June 30, 2019 , the Brazilian federal and state authorities have concluded examinations of the ICMS and PIS COFINS tax returns and have issued the outstanding claims (including applicable interest and penalties) as of: (US$ in millions) Years Examined June 30, 2019 December 31, 2018 ICMS 1990 to Present $ 268 $ 264 PIS/COFINS 2004 through 2015 $ 234 $ 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 June 30, 2019 , totaled approximately $310 million . In 2012, the Argentine government suspended Bunge’s Argentine subsidiary from a registry of grain traders. While the suspension has not had a material adverse effect on Bunge’s business in Argentina, these actions have resulted in additional administrative requirements and increased logistical costs on domestic grain shipments within Argentina. Bunge is challenging these actions in the Argentine courts. Labor claims — The labor claims are principally claims against Bunge’s Brazilian subsidiaries. The labor claims primarily relate to dismissals, severance, health and safety, salary adjustments and supplementary retirement benefits. Civil and other claims — The civil and other claims relate to various disputes with third parties, including suppliers and customers. During the first quarter of 2016, Bunge received a notice from the Brazilian Administrative Council for Economic Defense ("CADE") initiating an administrative proceeding against its Brazilian subsidiary and two of its employees, certain of its former employees, several other companies in the Brazilian wheat milling industry, and others for alleged anticompetitive activities in the north and northeast of Brazil. Additionally, in the second quarter of 2018, Bunge received a notification from CADE that it has extended the scope of an existing administrative proceeding relating to alleged anticompetitive practices in the Rio Grande port in Brazil to include certain of Bunge's Brazilian subsidiaries and certain former employees of those subsidiaries. Bunge is defending against these actions; however, the proceedings are at an early stage and Bunge cannot, at this time, reasonably predict the ultimate outcome of the proceedings or sanctions, if any, which may be imposed. Guarantees — Bunge has issued or was a party to the following guarantees at June 30, 2019 : (US$ in millions) Maximum Potential Future Payments Unconsolidated affiliates guarantee (1) (2) $ 310 Residual value guarantee (3) 260 Total $ 570 (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 June 30, 2019 , Bunge's potential liability was $159 million , and it has recorded a $18 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 June 30, 2019 , Bunge's maximum potential future payments under these guarantees was $59 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 June 30, 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 June 30, 2019 , Bunge’s condensed consolidated balance sheet includes debt with a carrying amount of $5,890 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	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 Deferred Pension and Other Accumulated Balance, April 1, 2019 $ (6,657 ) $ (169 ) $ (174 ) $ (7,000 ) Other comprehensive income (loss) before reclassifications 90 (8 ) — 82 Amount reclassified from accumulated other comprehensive income (loss) — (1 ) — (1 ) Balance, June 30, 2019 $ (6,567 ) $ (178 ) $ (174 ) $ (6,919 ) (US$ in millions) Foreign Exchange Deferred Pension and Other Accumulated Balance, April 1, 2018 $ (5,562 ) $ (244 ) $ (141 ) $ (5,947 ) Other comprehensive income (loss) before reclassifications (1,028 ) 161 2 (865 ) Amount reclassified from accumulated other comprehensive income (loss) 14 3 — 17 Balance, June 30, 2018 $ (6,576 ) $ (80 ) $ (139 ) $ (6,795 ) (US$ in millions) Foreign Exchange Deferred Pension and Other Accumulated Balance, January 1, 2019 $ (6,637 ) $ (145 ) $ (153 ) $ (6,935 ) Other comprehensive income (loss) before reclassifications 70 (31 ) — 39 Amount reclassified from accumulated other comprehensive income (loss) — (2 ) (21 ) (23 ) Balance, June 30, 2019 $ (6,567 ) $ (178 ) $ (174 ) $ (6,919 ) (US$ in millions) Foreign Exchange Deferred Pension and Other Unrealized Accumulated Balance, January 1, 2018 $ (5,547 ) $ (244 ) $ (140 ) $ 1 $ (5,930 ) Other comprehensive income (loss) before reclassifications (1,043 ) 164 1 — (878 ) Amount reclassified from accumulated other comprehensive income (loss) 14 — — (1 ) 13 Balance, June 30, 2018 $ (6,576 ) $ (80 ) $ (139 ) $ — $ (6,795 )

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	6 Months Ended
	Jun. 30, 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 Six Months Ended (US$ in millions, except for share data) 2019 2018 2019 2018 Income (loss) from continuing operations $ 212 $ (17 ) $ 262 $ (34 ) Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests 2 (2 ) (3 ) (4 ) Income (loss) from continuing operations attributable to Bunge 214 (19 ) 259 (38 ) Convertible preference share dividends (9 ) (9 ) (17 ) (17 ) Income (loss) from discontinued operations, net of tax — 7 — 5 Net income (loss) available to Bunge common shareholders - Basic 205 (21 ) 242 (50 ) Add back convertible preference share dividends 9 — — — Net income (loss) available to Bunge common shareholders - Diluted $ 214 $ (21 ) $ 242 $ (50 ) Weighted-average number of common shares outstanding: Basic 141,497,071 140,959,421 141,351,844 140,848,779 Effect of dilutive shares: —stock options and awards (1) 310,272 — 345,445 — —convertible preference shares (2) 8,329,297 — — — Diluted 150,136,640 140,959,421 141,697,289 140,848,779 Basic earnings per common share: Net income (loss) from continuing operations $ 1.46 $ (0.20 ) $ 1.72 $ (0.39 ) Net income (loss) from discontinued operations — 0.05 — 0.03 Net income (loss) attributable to Bunge common shareholders—basic $ 1.46 $ (0.15 ) $ 1.72 $ (0.36 ) Diluted earnings per common share: Net income (loss) from continuing operations $ 1.43 $ (0.20 ) $ 1.71 $ (0.39 ) Net income (loss) from discontinued operations — 0.05 — 0.03 Net income (loss) attributable to Bunge common shareholders—diluted $ 1.43 $ (0.15 ) $ 1.71 $ (0.36 ) (1) The weighted-average common shares outstanding-diluted excludes approximately 6 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 June 30, 2019 and 2018 , respectively. 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 six months ended June 30, 2019 and 2018 , respectively. (2) Weighted-average common shares outstanding-diluted for the three months ended June 30, 2018 excludes approximately 8 million weighted-average common shares that are issuable upon conversion of the convertible preference shares that were not dilutive and not included in the weighted-average number of common shares, respectively. Weighted-average common shares outstanding-diluted for the six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 “Other” column in the following table contains the reconciliation between the totals for reportable segments and Bunge consolidated totals, which consists primarily of amounts attributable to corporate and other items not allocated to the reportable segments, discontinued operations, 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 June 30, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Other (1) Total Net sales to external customers $ 7,068 $ 2,206 $ 430 $ 284 $ 108 $ — $ 10,096 Inter–segment revenues 1,078 41 — 1 18 (1,138 ) — Foreign exchange gains (losses) (10 ) (3 ) 1 1 — — (11 ) Noncontrolling interests (1) — — — 1 — 1 2 Other income (expense) – net 35 (1 ) 9 (2 ) (1 ) 147 187 Segment EBIT (2) 182 25 17 (11 ) 6 135 354 Depreciation, depletion and amortization (65 ) (40 ) (13 ) (36 ) (1 ) — (155 ) Total assets $ 12,429 $ 3,907 $ 1,480 $ 1,890 $ 361 $ 357 $ 20,424 Three Months Ended June 30, 2018 (US$ in millions) Agribusiness Edible Milling Sugar and Fertilizer Other (1) Total Net sales to external customers $ 8,725 $ 2,325 $ 426 $ 582 $ 89 $ — $ 12,147 Inter–segment revenues 1,228 54 — — (1,282 ) — Foreign exchange gains (losses) (93 ) 5 (2 ) (4 ) (2 ) — (96 ) Noncontrolling interests (1) 1 (2 ) — (1 ) — — (2 ) Other income (expense) – net 22 (1 ) (2 ) (15 ) — — 4 Segment EBIT (2) 106 11 26 (63 ) (9 ) — 71 Discontinued operations (3) — — — — — 7 7 Depreciation, depletion and amortization (64 ) (41 ) (14 ) (41 ) (2 ) — (162 ) Total assets $ 14,113 $ 4,077 $ 1,527 $ 1,974 $ 280 $ 153 $ 22,124 Six Months Ended June 30, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Other (1) Total Net sales to external customers $ 13,987 $ 4,445 $ 856 $ 569 $ 177 $ — $ 20,034 Inter–segment revenues 2,246 73 — 1 20 (2,340 ) — Foreign exchange gains (losses) (18 ) (1 ) 3 (2 ) — — (18 ) Noncontrolling interests (1) 2 (6 ) — — — 1 (3 ) Other income (expense) – net 67 — 8 (2 ) (2 ) 147 218 Segment EBIT (2) 291 73 34 (35 ) 7 135 505 Discontinued operations (3) — — — — — — — Depreciation, depletion and amortization (128 ) (80 ) (27 ) (56 ) (3 ) — (294 ) Total assets $ 12,429 $ 3,907 $ 1,480 $ 1,890 $ 361 $ 357 $ 20,424 Six Months Ended June 30, 2018 (US$ in millions) Agribusiness Edible Milling Sugar and Fertilizer Other (1) Total Net sales to external customers $ 16,187 $ 4,474 $ 835 $ 1,145 $ 147 $ — $ 22,788 Inter–segment revenues 2,294 91 — 18 — (2,403 ) — Foreign exchange gains (losses) (93 ) 4 — (3 ) (4 ) — (96 ) Noncontrolling interests (1) 1 (5 ) — — (1 ) 1 (4 ) Other income (expense) – net 46 (4 ) (2 ) (13 ) 1 — 28 Segment EBIT (2) 148 39 43 (87 ) (11 ) — 132 Discontinued operations (3) — — — — — 5 5 Depreciation, depletion and amortization (131 ) (73 ) (29 ) (67 ) (4 ) — (304 ) Total assets $ 14,113 $ 4,077 $ 1,527 $ 1,974 $ 280 $ 153 $ 22,124 (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 Six Months Ended (US$ in millions) 2019 2018 2019 2018 Total Segment EBIT from continuing operations $ 354 $ 71 $ 505 $ 132 Interest income 7 6 14 14 Interest expense (88 ) (94 ) (163 ) (164 ) Income tax (expense) benefit (60 ) (2 ) (98 ) (21 ) Income (loss) from discontinued operations, net of tax — 7 — 5 Noncontrolling interests' share of interest and tax 1 — 1 1 Net income (loss) attributable to Bunge $ 214 $ (12 ) $ 259 $ (33 ) 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 June 30, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Sales from other arrangements $ 6,842 $ 453 $ 20 $ 151 $ — $ 7,466 Sales from contracts with customers 226 1,753 410 133 108 2,630 Net sales to external customers $ 7,068 $ 2,206 $ 430 $ 284 $ 108 $ 10,096 Three Months Ended June 30, 2018 (US$ in millions) Agribusiness Edible Milling Sugar and Fertilizer Total Sales from other arrangements $ 8,430 $ 420 $ 14 $ 435 $ — $ 9,299 Sales from contracts with customers 295 1,905 412 147 89 2,848 Net sales to external customers $ 8,725 $ 2,325 $ 426 $ 582 $ 89 $ 12,147 Six Months Ended June 30, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Sales from other arrangements $ 13,559 $ 912 $ 35 $ 356 $ — $ 14,862 Sales from contracts with customers 428 3,533 821 213 177 5,172 Net sales to external customers $ 13,987 $ 4,445 $ 856 $ 569 $ 177 $ 20,034 Six Months Ended June 30, 2018 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Sales from other arrangements $ 15,568 $ 843 $ 25 $ 887 $ — $ 17,323 Sales from contracts with customers 619 3,631 810 258 147 5,465 Net sales to external customers $ 16,187 $ 4,474 $ 835 $ 1,145 $ 147 $ 22,788

SUBSEQUENT EVENT (Notes)

SUBSEQUENT EVENT (Notes)	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT On July 22, 2019, certain indirect wholly owned subsidiaries of Bunge entered into a Business Combination Agreement (the “Business Combination Agreement”) with certain wholly owned subsidiaries of BP p.l.c. (collectively, “BP”) to form a 50 / 50 joint venture (the “Joint Venture”) relating to their sugar and bioenergy operations in Brazil. Pursuant to the Business Combination Agreement, Bunge and BP will contribute their respective interests in their Brazilian sugar and bioenergy operations to the Joint Venture. Bunge will receive cash proceeds of $775 million in the transaction, comprising $700 million in respect of non-recourse Bunge debt to be assumed by the Joint Venture at closing, and $75 million from BP, subject to customary closing adjustments. Bunge intends to use the proceeds to reduce outstanding indebtedness under its credit facilities. The Joint Venture agreements will provide for certain exit rights of the parties, including private sale rights beginning 18 months after closing and the ability by Bunge to trigger an initial public offering of the Joint Venture after two years from closing, enabling future monetization potential. The transaction is expected to close in the fourth quarter of 2019, subject to customary closing conditions, including receipt of required regulatory approvals. In connection with the entry into the Business Contribution Agreement, the Company will classify the assets and liabilities to be transferred to the Joint Venture under the Business Contribution Agreement as held for sale in its condensed, consolidated financial statements in the quarter ending September 30, 2019. Accordingly, the Company will record those assets and liabilities at fair value, less estimated transaction costs, through the closing date of the transaction. As a result of the classification as held for sale, the Company will recognize an impairment charge, principally related to the recognition of cumulative currency translation effects, estimated to be in the range of $1.5 billion to $1.7 billion , which charge will primarily be recorded in the quarter ending September 30, 2019. Other than estimated transaction costs of approximately $18 million to be included in the impairment charge, the Company does not expect to incur additional significant cash costs associated with the entry into the Joint Venture. The range of impairment charges described above represents the Company’s best estimate as of the date of this Quarterly Report on Form 10-Q. Actual amounts could differ based on operating results, changes in foreign exchange rates and other factors between the date hereof and the closing of the transaction.

BASIS OF PRESENTATION, PRINCI_2

BASIS OF PRESENTATION, PRINCIPLES OF CONSOLIDATION, AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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 a reclassification of cash inflows from operating activities to cash inflows from investing activities. Therefore, the condensed consolidated statement of cash flows for the six months ended June 30, 2018 has 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)	6 Months Ended
	Jun. 30, 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) June 30, 2019 June 30, 2018 Cash and cash equivalents $ 238 $ 221 Restricted cash included in other current assets 10 4 Total $ 248 $ 225
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) June 30, 2019 June 30, 2018 Cash and cash equivalents $ 238 $ 221 Restricted cash included in other current assets 10 4 Total $ 248 $ 225

GLOBAL COMPETITIVENESS PROGRAM

GLOBAL COMPETITIVENESS PROGRAM (Tables)	6 Months Ended
	Jun. 30, 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 GCP. Six Months Ended June 30, 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 $ 7 $ 2 $ 3 $ 12 $ 11 $ 12 $ 23 Edible Oils Segment 2 1 — 3 2 3 5 Milling Segment 1 — — 1 — 2 2 Sugar and Bioenergy Segment (1 ) — 1 — 2 3 5 Fertilizer Segment — — — — 2 1 3 Total $ 9 $ 3 $ 4 $ 16 $ 17 $ 21 $ 38
Schedule of restructuring reserve	The following table sets forth the activity affecting the liability for severance and other employee benefit costs related to the GCP 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 9 Cash payments (5 ) Balance at June 30, 2019 $ 7

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Components of lease expense	The components of lease expense were as follows: (US$ in millions) Three Months Ended Six Months Ended Operating lease cost $ 80 $ 160 Short-term lease cost 149 301 Variable lease cost 5 8 Sublease income (20 ) (50 ) Total lease cost $ 214 $ 419
Supplemental cash flow information related to leases	Supplemental cash flow information related to leases was as follows: (US$ in millions) Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows associated with operating leases $ 160 Supplemental non-cash information: Right-of-use assets obtained in exchange for lease obligations $ 150
Maturities of lease liabilities	Maturities of lease liabilities for operating leases as of June 30, 2019 , are as follows: (US$ in millions) Remaining in 2019 $ 151 2020 253 2021 211 2022 166 2023 128 Thereafter 306 Total lease payments (1) 1,215 Less imputed interest 234 Present value of lease liabilities $ 981 (1) Minimum lease payments have not been reduced by minimum sublease income receipts of $37 million due in future periods under non-cancelable subleases. Non-cancelable subleases primarily relate to agreements with third parties for the use of portions of certain facilities with remaining sublease terms of approximately 5 years , as well as an agreement with an unconsolidated joint venture in which Bunge subleases rail cars with remaining sublease terms of approximately three to four years . Additionally, Bunge may enter into re-let agreements to sell the right to use ocean freight vessels under time charter agreements when excess capacity is available .
Future minimum lease payments	Future minimum lease payments by year and in the aggregate under non-cancelable operating leases with initial term of one year or more at December 31, 2018 are as follows: (US$ 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)	6 Months Ended
	Jun. 30, 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) June 30, December 31, Agribusiness (1) $ 4,508 $ 4,551 Edible Oil Products (2) 737 742 Milling Products 199 220 Sugar and Bioenergy (3) 315 280 Fertilizer 116 78 Total $ 5,875 $ 5,871 (1) Includes RMI of $4,275 million and $4,365 million at June 30, 2019 and December 31, 2018 , respectively. Of these amounts, $3,327 million and $3,300 million can be attributable to merchandising activities at June 30, 2019 and December 31, 2018 , respectively. (2) Includes RMI of $102 million and $88 million at June 30, 2019 and December 31, 2018 , respectively. (3) Includes RMI of $46 million and $79 million at June 30, 2019 and December 31, 2018 , respectively. Of these amounts, $42 million and $74 million can be attributable to merchandising activities at June 30, 2019 and December 31, 2018 , respectively.

OTHER CURRENT ASSETS (Tables)

OTHER CURRENT ASSETS (Tables)	6 Months Ended
	Jun. 30, 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) June 30, December 31, Unrealized gains on derivative contracts, at fair value $ 936 $ 1,071 Prepaid commodity purchase contracts (1) 372 253 Secured advances to suppliers, net (2) 263 257 Recoverable taxes, net 450 500 Margin deposits 227 348 Marketable securities, at fair value, and other short-term investments 514 162 Deferred purchase price receivable, at fair value (3) 102 128 Income taxes receivable 37 102 Prepaid expenses 147 165 Other 235 185 Total $ 3,283 $ 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 nil at June 30, 2019 and $1 million at December 31, 2018 . Interest earned on secured advances to suppliers of $6 million and $8 million for the three months ended June 30, 2019 and 2018 , respectively, and $13 million and $18 million for the six months ended June 30, 2019 and 2018 , respectively, is included in net sales in the condensed consolidated statements of income. (3) Deferred purchase price receivable represents additional credit support for the investment conduits in Bunge’s trade receivables securitization program (see Note 14).
Summary of marketable securities and other short-term investments	The following is a summary of amounts recorded in the condensed consolidated balance sheets for marketable securities and other short-term investments. (US$ in millions) June 30, December 31, Foreign government securities $ 145 $ 55 Corporate debt securities 120 91 Certificates of deposit/time deposits 91 15 Equity securities 157 — Other 1 1 Total $ 514 $ 162

OTHER NON-CURRENT ASSETS (Table

OTHER NON-CURRENT ASSETS (Tables)	6 Months Ended
	Jun. 30, 2019
Other Assets, Noncurrent [Abstract]
Schedule of other non-current assets	Other non-current assets consist of the following: (US$ in millions) June 30, December 31, Recoverable taxes, net (1) $ 82 $ 112 Judicial deposits (1) 121 115 Other long-term receivables 6 8 Income taxes receivable (1) 227 221 Long-term investments 76 91 Affiliate loans receivable 30 29 Long-term receivables from farmers in Brazil, net (1) 77 93 Other 131 154 Total $ 750 $ 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. June 30, 2019 December 31, 2018 (US$ in millions) Recorded Investment Allowance Recorded Investment Allowance For which an allowance has been provided: Legal collection process (1) $ 106 $ 90 $ 105 $ 89 Renegotiated amounts (2) 13 13 17 17 For which no allowance has been provided: Legal collection process (1) 56 — 51 — Renegotiated amounts (2) 5 — 10 — Other long-term receivables — — 16 — Total $ 180 $ 103 $ 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 Six Months Ended (US$ in millions) 2019 2018 2019 2018 Beginning balance $ 105 $ 116 $ 106 $ 113 Bad debt provisions — — 1 4 Recoveries (4 ) (2 ) (5 ) (3 ) Write-offs — (1 ) — (1 ) Foreign exchange translation 2 (15 ) 1 (15 ) Ending balance $ 103 $ 98 $ 103 $ 98

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2019
Other Liabilities Disclosure [Abstract]
Schedule of other current liabilities	Other current liabilities consist of the following: (US$ in millions) June 30, December 31, Unrealized losses on derivative contracts, at fair value $ 838 $ 1,192 Accrued liabilities 535 618 Advances on sales 237 405 Other 254 287 Total $ 1,864 $ 2,502

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 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) $ — $ 3,651 $ 772 $ 4,423 $ — $ 4,286 $ 246 $ 4,532 Trade accounts receivable (1) — 1 — 1 — — — — Unrealized gain on derivative contracts (2) : 1 Interest rate — 48 — 48 — 6 — 6 Foreign exchange — 377 — 377 — 473 — 473 Commodities 35 415 13 463 128 407 18 553 Freight 14 — 2 16 6 — 6 12 Energy 72 — — 72 30 — — 30 Credit — 1 — 1 — — — — Deferred purchase price receivable (Note 14) — 102 — 102 — 128 — 128 Other (3) 171 274 — 445 67 98 — 165 Total assets $ 292 $ 4,869 $ 787 $ 5,948 $ 231 $ 5,398 $ 270 $ 5,899 Liabilities: Trade accounts payable (1) $ — $ 386 $ 335 $ 721 $ — $ 394 $ 47 $ 441 Unrealized loss on derivative contracts (4): Interest rate — 21 — 21 — 42 — 42 Foreign exchange — 272 — 272 — 499 — 499 Commodities 54 375 23 452 152 446 23 621 Freight 20 — 4 24 13 — 6 19 Energy 68 — 2 70 43 — 1 44 Credit — 1 — 1 — — — — Equity 1 — — 1 — — — — Total liabilities $ 143 $ 1,055 $ 364 $ 1,562 $ 208 $ 1,381 $ 77 $ 1,666 (1) These receivables and payables are hybrid financial instruments for which Bunge has elected the fair value option. (2) Unrealized gains on derivative contracts are generally included in other current assets. There were $41 million and $3 million included in other non-current assets at June 30, 2019 and December 31, 2018 , respectively. (3) Other includes the fair values of marketable securities, cash and cash equivalents and investments in other current assets and other non-current assets. (4) Unrealized losses on derivative contracts are generally included in other current liabilities. There are $3 million and $33 million included in other non-current liabilities at June 30, 2019 and December 31, 2018 , respectively.
Reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The tables below present reconciliations for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three and six months ended June 30, 2019 and 2018 . These instruments were valued using pricing models that management believes reflect the assumptions that would be used by a marketplace participant. Three Months Ended June 30, 2019 (US$ in millions) Readily Derivatives, Trade Total Balance, April 1, 2019 $ 633 $ (2 ) $ (397 ) $ 234 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 145 (9 ) 7 143 Purchases 626 — (71 ) 555 Sales (764 ) — — (764 ) Issuances — (1 ) — (1 ) Settlements — — 113 113 Transfers into Level 3 189 (2 ) (2 ) 185 Transfers out of Level 3 (57 ) — 15 (42 ) Balance, June 30, 2019 $ 772 $ (14 ) $ (335 ) $ 423 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $63 million , $(11) million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2019 . Three Months Ended June 30, 2018 (US$ in millions) Readily Derivatives, Trade Accounts Payable Total Balance, April 1, 2018 $ 860 $ 5 $ (317 ) $ 548 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 46 14 3 63 Purchases 532 1 (3 ) 530 Sales (267 ) — — (267 ) Issuances — — — — Settlements — (1 ) 110 109 Transfers into Level 3 151 (2 ) (76 ) 73 Transfers out of Level 3 (97 ) (1 ) 18 (80 ) Balance, June 30, 2018 $ 1,225 $ 16 $ (265 ) $ 976 1) Readily marketable inventories, derivatives, net and trade accounts payable, includes gains/(losses) of $(16) million , $13 million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2018 . Six Months Ended June 30, 2019 (US$ in millions) Readily Derivatives, Trade Total Balance, January 1, 2019 $ 246 $ (6 ) $ (47 ) $ 193 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 183 (7 ) 12 188 Purchases 1,325 — (432 ) 893 Sales (1,334 ) — — (1,334 ) Issuances — (1 ) — (1 ) Settlements — — 145 145 Transfers into Level 3 465 — (28 ) 437 Transfers out of Level 3 (113 ) — 15 (98 ) Balance, June 30, 2019 $ 772 $ (14 ) $ (335 ) $ 423 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $99 million , $(6) million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2019 . Six Months Ended June 30, 2018 (US$ in millions) Readily Derivatives, Trade Total Balance, January 1, 2018 $ 365 $ 2 $ (116 ) $ 251 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 109 11 13 133 Purchases 1,145 10 (251 ) 904 Sales (546 ) — — (546 ) Issuances — (9 ) — (9 ) Settlements — 7 150 157 Transfers into Level 3 275 (4 ) (79 ) 192 Transfers out of Level 3 (123 ) (1 ) 18 (106 ) Balance, June 30, 2018 $ 1,225 $ 16 $ (265 ) $ 976 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $(19) million , $1 million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2018 .
Reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The tables below present reconciliations for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three and six months ended June 30, 2019 and 2018 . These instruments were valued using pricing models that management believes reflect the assumptions that would be used by a marketplace participant. Three Months Ended June 30, 2019 (US$ in millions) Readily Derivatives, Trade Total Balance, April 1, 2019 $ 633 $ (2 ) $ (397 ) $ 234 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 145 (9 ) 7 143 Purchases 626 — (71 ) 555 Sales (764 ) — — (764 ) Issuances — (1 ) — (1 ) Settlements — — 113 113 Transfers into Level 3 189 (2 ) (2 ) 185 Transfers out of Level 3 (57 ) — 15 (42 ) Balance, June 30, 2019 $ 772 $ (14 ) $ (335 ) $ 423 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $63 million , $(11) million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2019 . Three Months Ended June 30, 2018 (US$ in millions) Readily Derivatives, Trade Accounts Payable Total Balance, April 1, 2018 $ 860 $ 5 $ (317 ) $ 548 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 46 14 3 63 Purchases 532 1 (3 ) 530 Sales (267 ) — — (267 ) Issuances — — — — Settlements — (1 ) 110 109 Transfers into Level 3 151 (2 ) (76 ) 73 Transfers out of Level 3 (97 ) (1 ) 18 (80 ) Balance, June 30, 2018 $ 1,225 $ 16 $ (265 ) $ 976 1) Readily marketable inventories, derivatives, net and trade accounts payable, includes gains/(losses) of $(16) million , $13 million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2018 . Six Months Ended June 30, 2019 (US$ in millions) Readily Derivatives, Trade Total Balance, January 1, 2019 $ 246 $ (6 ) $ (47 ) $ 193 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 183 (7 ) 12 188 Purchases 1,325 — (432 ) 893 Sales (1,334 ) — — (1,334 ) Issuances — (1 ) — (1 ) Settlements — — 145 145 Transfers into Level 3 465 — (28 ) 437 Transfers out of Level 3 (113 ) — 15 (98 ) Balance, June 30, 2019 $ 772 $ (14 ) $ (335 ) $ 423 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $99 million , $(6) million and $0 million , respectively, that are attributable to the change in unrealized gains/(losses) relating to Level 3 assets and liabilities still held at June 30, 2019 . Six Months Ended June 30, 2018 (US$ in millions) Readily Derivatives, Trade Total Balance, January 1, 2018 $ 365 $ 2 $ (116 ) $ 251 Total gains and losses (realized/unrealized) included in cost of goods sold (1) 109 11 13 133 Purchases 1,145 10 (251 ) 904 Sales (546 ) — — (546 ) Issuances — (9 ) — (9 ) Settlements — 7 150 157 Transfers into Level 3 275 (4 ) (79 ) 192 Transfers out of Level 3 (123 ) (1 ) 18 (106 ) Balance, June 30, 2018 $ 1,225 $ 16 $ (265 ) $ 976 1) Readily marketable inventories, derivatives, net and trade accounts payable, include gains/(losses) of $(19) million , $1 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 June 30, 2018 .

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of outstanding derivative instruments	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) June 30, 2019 December 31, 2018 Unit of Hedging instrument type: Fair value hedges of interest rate risk Carrying value of hedged debt $ 2,291 $ 2,229 $ Notional Cumulative adjustment to long-term debt from application of hedge accounting $ 38 $ (29 ) $ Notional Interest rate swap - notional amount $ 2,260 $ 2,266 $ Notional Fair value hedges of currency risk Carrying value of hedged debt $ 320 $ 312 $ Notional Cross currency swap - notional amount $ 321 $ 313 $ Notional Cash flow hedges of currency risk Foreign currency forward - notional amount $ 164 $ 50 $ Notional Cash flow hedges of commodity risk Commodity price risk future - notional amount 296 — Metric Tons Net investment hedges Foreign currency forward - notional amount $ 1,141 $ 1,888 $ Notional Carrying value of non-derivative hedging instrument $ 907 $ 912 $ Notional The table below summarizes the volume of economic derivatives as of June 30, 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. June 30, December 31, 2019 2018 Unit of (US$ in millions) Long (Short) Long (Short) Interest rate Swaps $ 7,547 $ (92 ) $ 3,349 $ (111 ) $ Notional Futures $ 3 $ — $ — $ — $ Notional FRAs $ 426 $ (485 ) $ 139 $ (149 ) $ Notional Currency Forwards $ 10,198 $ (11,144 ) $ 13,713 $ (13,701 ) $ Notional Swaps $ 35 $ (69 ) $ 127 $ (535 ) $ Notional Futures $ 62 $ — $ — $ (16 ) $ Notional Options $ 87 $ (79 ) $ 869 $ (919 ) Delta Agricultural commodities Forwards 28,726,008 (34,604,184 ) 25,523,840 (29,314,930 ) Metric Tons Swaps — (5,624,547 ) — (9,908,728 ) Metric Tons Futures 1,959,874 — 4,136,525 — Metric Tons Options — (1,188,015 ) 718,709 — Metric Tons Ocean freight FFA 1,970 — — (90 ) Hire Days FFA options 75 — 302 — Hire Days Natural gas Swaps 349,763 — 1,205,687 — MMBtus Futures 1,605,372 — 2,268,190 — MMBtus Energy - other Forwards 5,534,290 — 5,536,290 — Metric Tons Futures — (17,063 ) — (29,367 ) Metric Tons Swaps 163,000 — 188,800 — Metric Tons Other Swaps and futures $ 210 $ (1,824 ) $ 52 $ — $ Notional
Summary of effect of derivative instruments designated as fair value hedges and undesignated derivative instruments on condensed consolidated statements of income	The tables below summarize the net effect of derivative instruments and hedge accounting on the condensed consolidated statements of income for the three and six months ended June 30, 2019 and 2018 . Gain (Loss) Recognized in Three Months Ended June 30, (US$ in millions) 2019 2018 Income statement classification Type of derivative Net sales Hedge accounting Foreign currency $ 1 $ (1 ) Cost of goods sold Hedge accounting Foreign currency $ — $ 1 Economic hedges Foreign currency 91 (379 ) Commodities (244 ) 432 Other (1) — 7 Total Cost of goods sold $ (153 ) $ 61 Interest expense Hedge accounting Interest rate $ (5 ) $ (2 ) Economic hedges Interest rate (7 ) — Total Interest expense $ (12 ) $ (2 ) Foreign exchange gains (losses) Hedge accounting Foreign currency $ 9 $ (15 ) Economic hedges Foreign currency (7 ) (41 ) Total Foreign exchange gains (losses) $ 2 $ (56 ) 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 $ 3 $ (7 ) Gains and losses on derivatives used as cash flow hedges of commodity price risk included in other comprehensive income (loss) during the period $ 8 $ — Gains and losses on derivatives used as net investment hedges included in other comprehensive income (loss) during the period $ (7 ) $ 114 Foreign currency gains and losses on intercompany loans used as net investment hedges included in other comprehensive income (loss) during the period $ (12 ) $ 52 Amounts released from accumulated other comprehensive income (loss) during the period Cash flow hedge of foreign currency risk $ 1 $ (4 ) (1) Other includes the results from freight, energy and other derivatives. Gain (Loss) Recognized in Six Months Ended June 30, (US$ in millions) 2019 2018 Income statement classification Type of derivative Net sales Hedge accounting Foreign currency $ 2 $ (1 ) Cost of goods sold Hedge accounting Foreign currency $ — $ 1 Economic hedges Foreign currency 166 (414 ) Commodities (106 ) 172 Other (1) 28 — Total Cost of goods sold $ 88 $ (241 ) Interest expense Hedge accounting Interest rate $ (8 ) $ — Economic hedges Interest rate (10 ) — Total Interest expense $ (18 ) $ — Foreign exchange gains (losses) Hedge accounting Foreign currency $ 8 $ (12 ) Economic hedges Foreign currency 31 (44 ) Total Foreign exchange gains (losses) $ 39 $ (56 ) Other comprehensive income (loss) 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 ) Gains and losses on derivatives used as cash flow hedges of foreign currency risk included in other comprehensive income (loss) during the period $ 3 $ (5 ) Gains and losses on derivatives used as cash flow hedges of commodity price risk included in other comprehensive income (loss) during the period $ 8 $ — Gains and losses on derivatives used as net investment hedges included in other comprehensive income (loss) during the period $ (45 ) $ 133 Foreign currency gains and losses on intercompany loans used as net investment hedges included in other comprehensive income (loss) during the period $ 5 $ 35 Amounts released from accumulated other comprehensive income (loss) during the period Cash flow hedge of foreign currency risk $ 2 $ (1 ) (1) Other includes the results from freight, energy and other derivatives.

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2019 December 31, 2018 (US$ in millions) Carrying Value Fair Value (Level 2) Carrying Fair Value Long-term debt, including current portion $ 4,463 $ 4,522 $ 4,622 $ 4,584

TRADE RECEIVABLES SECURITIZAT_2

TRADE RECEIVABLES SECURITIZATION PROGRAM (Tables)	6 Months Ended
	Jun. 30, 2019
Transfers and Servicing [Abstract]
Assets that Continue to be Recognized, Transferred Financial Assets and Other Financial Assets Managed Together	(US$ in millions) June 30, December 31, Receivables sold which were derecognized from Bunge's balance sheet $ 807 $ 826 Deferred purchase price included in other current assets $ 102 $ 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. Six Months Ended (US$ in millions) 2019 2018 Gross receivables sold $ 4,663 $ 4,830 Proceeds received in cash related to transfer of receivables $ 4,469 $ 4,626 Cash collections from customers on receivables previously sold $ 3,846 $ 4,711 Discounts related to gross receivables sold included in SG&A $ 8 $ 6

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2019 and December 31, 2018 are the following amounts related to these matters: (US$ in millions) June 30, December 31, Non-income tax claims $ 92 $ 94 Labor claims 78 78 Civil and other claims 98 95 Total $ 268 $ 267
Summary of tax examinations against Brazilian subsidiaries	As of June 30, 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 June 30, 2019 December 31, 2018 ICMS 1990 to Present $ 268 $ 264 PIS/COFINS 2004 through 2015 $ 234 $ 231
Maximum potential future payments related to guarantees	Bunge has issued or was a party to the following guarantees at June 30, 2019 : (US$ in millions) Maximum Potential Future Payments Unconsolidated affiliates guarantee (1) (2) $ 310 Residual value guarantee (3) 260 Total $ 570 (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 June 30, 2019 , Bunge's potential liability was $159 million , and it has recorded a $18 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 June 30, 2019 , Bunge's maximum potential future payments under these guarantees was $59 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 June 30, 2019 , no

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Jun. 30, 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 Deferred Pension and Other Accumulated Balance, April 1, 2019 $ (6,657 ) $ (169 ) $ (174 ) $ (7,000 ) Other comprehensive income (loss) before reclassifications 90 (8 ) — 82 Amount reclassified from accumulated other comprehensive income (loss) — (1 ) — (1 ) Balance, June 30, 2019 $ (6,567 ) $ (178 ) $ (174 ) $ (6,919 ) (US$ in millions) Foreign Exchange Deferred Pension and Other Accumulated Balance, April 1, 2018 $ (5,562 ) $ (244 ) $ (141 ) $ (5,947 ) Other comprehensive income (loss) before reclassifications (1,028 ) 161 2 (865 ) Amount reclassified from accumulated other comprehensive income (loss) 14 3 — 17 Balance, June 30, 2018 $ (6,576 ) $ (80 ) $ (139 ) $ (6,795 ) (US$ in millions) Foreign Exchange Deferred Pension and Other Accumulated Balance, January 1, 2019 $ (6,637 ) $ (145 ) $ (153 ) $ (6,935 ) Other comprehensive income (loss) before reclassifications 70 (31 ) — 39 Amount reclassified from accumulated other comprehensive income (loss) — (2 ) (21 ) (23 ) Balance, June 30, 2019 $ (6,567 ) $ (178 ) $ (174 ) $ (6,919 ) (US$ in millions) Foreign Exchange Deferred Pension and Other Unrealized Accumulated Balance, January 1, 2018 $ (5,547 ) $ (244 ) $ (140 ) $ 1 $ (5,930 ) Other comprehensive income (loss) before reclassifications (1,043 ) 164 1 — (878 ) Amount reclassified from accumulated other comprehensive income (loss) 14 — — (1 ) 13 Balance, June 30, 2018 $ (6,576 ) $ (80 ) $ (139 ) $ — $ (6,795 )

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended (US$ in millions, except for share data) 2019 2018 2019 2018 Income (loss) from continuing operations $ 212 $ (17 ) $ 262 $ (34 ) Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests 2 (2 ) (3 ) (4 ) Income (loss) from continuing operations attributable to Bunge 214 (19 ) 259 (38 ) Convertible preference share dividends (9 ) (9 ) (17 ) (17 ) Income (loss) from discontinued operations, net of tax — 7 — 5 Net income (loss) available to Bunge common shareholders - Basic 205 (21 ) 242 (50 ) Add back convertible preference share dividends 9 — — — Net income (loss) available to Bunge common shareholders - Diluted $ 214 $ (21 ) $ 242 $ (50 ) Weighted-average number of common shares outstanding: Basic 141,497,071 140,959,421 141,351,844 140,848,779 Effect of dilutive shares: —stock options and awards (1) 310,272 — 345,445 — —convertible preference shares (2) 8,329,297 — — — Diluted 150,136,640 140,959,421 141,697,289 140,848,779 Basic earnings per common share: Net income (loss) from continuing operations $ 1.46 $ (0.20 ) $ 1.72 $ (0.39 ) Net income (loss) from discontinued operations — 0.05 — 0.03 Net income (loss) attributable to Bunge common shareholders—basic $ 1.46 $ (0.15 ) $ 1.72 $ (0.36 ) Diluted earnings per common share: Net income (loss) from continuing operations $ 1.43 $ (0.20 ) $ 1.71 $ (0.39 ) Net income (loss) from discontinued operations — 0.05 — 0.03 Net income (loss) attributable to Bunge common shareholders—diluted $ 1.43 $ (0.15 ) $ 1.71 $ (0.36 ) (1) The weighted-average common shares outstanding-diluted excludes approximately 6 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 June 30, 2019 and 2018 , respectively. 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 six months ended June 30, 2019 and 2018 , respectively. (2) Weighted-average common shares outstanding-diluted for the three months ended June 30, 2018 excludes approximately 8 million weighted-average common shares that are issuable upon conversion of the convertible preference shares that were not dilutive and not included in the weighted-average number of common shares, respectively. Weighted-average common shares outstanding-diluted for the six months ended June 30, 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)	6 Months Ended
	Jun. 30, 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 June 30, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Other (1) Total Net sales to external customers $ 7,068 $ 2,206 $ 430 $ 284 $ 108 $ — $ 10,096 Inter–segment revenues 1,078 41 — 1 18 (1,138 ) — Foreign exchange gains (losses) (10 ) (3 ) 1 1 — — (11 ) Noncontrolling interests (1) — — — 1 — 1 2 Other income (expense) – net 35 (1 ) 9 (2 ) (1 ) 147 187 Segment EBIT (2) 182 25 17 (11 ) 6 135 354 Depreciation, depletion and amortization (65 ) (40 ) (13 ) (36 ) (1 ) — (155 ) Total assets $ 12,429 $ 3,907 $ 1,480 $ 1,890 $ 361 $ 357 $ 20,424 Three Months Ended June 30, 2018 (US$ in millions) Agribusiness Edible Milling Sugar and Fertilizer Other (1) Total Net sales to external customers $ 8,725 $ 2,325 $ 426 $ 582 $ 89 $ — $ 12,147 Inter–segment revenues 1,228 54 — — (1,282 ) — Foreign exchange gains (losses) (93 ) 5 (2 ) (4 ) (2 ) — (96 ) Noncontrolling interests (1) 1 (2 ) — (1 ) — — (2 ) Other income (expense) – net 22 (1 ) (2 ) (15 ) — — 4 Segment EBIT (2) 106 11 26 (63 ) (9 ) — 71 Discontinued operations (3) — — — — — 7 7 Depreciation, depletion and amortization (64 ) (41 ) (14 ) (41 ) (2 ) — (162 ) Total assets $ 14,113 $ 4,077 $ 1,527 $ 1,974 $ 280 $ 153 $ 22,124 Six Months Ended June 30, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Other (1) Total Net sales to external customers $ 13,987 $ 4,445 $ 856 $ 569 $ 177 $ — $ 20,034 Inter–segment revenues 2,246 73 — 1 20 (2,340 ) — Foreign exchange gains (losses) (18 ) (1 ) 3 (2 ) — — (18 ) Noncontrolling interests (1) 2 (6 ) — — — 1 (3 ) Other income (expense) – net 67 — 8 (2 ) (2 ) 147 218 Segment EBIT (2) 291 73 34 (35 ) 7 135 505 Discontinued operations (3) — — — — — — — Depreciation, depletion and amortization (128 ) (80 ) (27 ) (56 ) (3 ) — (294 ) Total assets $ 12,429 $ 3,907 $ 1,480 $ 1,890 $ 361 $ 357 $ 20,424 Six Months Ended June 30, 2018 (US$ in millions) Agribusiness Edible Milling Sugar and Fertilizer Other (1) Total Net sales to external customers $ 16,187 $ 4,474 $ 835 $ 1,145 $ 147 $ — $ 22,788 Inter–segment revenues 2,294 91 — 18 — (2,403 ) — Foreign exchange gains (losses) (93 ) 4 — (3 ) (4 ) — (96 ) Noncontrolling interests (1) 1 (5 ) — — (1 ) 1 (4 ) Other income (expense) – net 46 (4 ) (2 ) (13 ) 1 — 28 Segment EBIT (2) 148 39 43 (87 ) (11 ) — 132 Discontinued operations (3) — — — — — 5 5 Depreciation, depletion and amortization (131 ) (73 ) (29 ) (67 ) (4 ) — (304 ) Total assets $ 14,113 $ 4,077 $ 1,527 $ 1,974 $ 280 $ 153 $ 22,124 (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 Six Months Ended (US$ in millions) 2019 2018 2019 2018 Total Segment EBIT from continuing operations $ 354 $ 71 $ 505 $ 132 Interest income 7 6 14 14 Interest expense (88 ) (94 ) (163 ) (164 ) Income tax (expense) benefit (60 ) (2 ) (98 ) (21 ) Income (loss) from discontinued operations, net of tax — 7 — 5 Noncontrolling interests' share of interest and tax 1 — 1 1 Net income (loss) attributable to Bunge $ 214 $ (12 ) $ 259 $ (33 )
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 June 30, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Sales from other arrangements $ 6,842 $ 453 $ 20 $ 151 $ — $ 7,466 Sales from contracts with customers 226 1,753 410 133 108 2,630 Net sales to external customers $ 7,068 $ 2,206 $ 430 $ 284 $ 108 $ 10,096 Three Months Ended June 30, 2018 (US$ in millions) Agribusiness Edible Milling Sugar and Fertilizer Total Sales from other arrangements $ 8,430 $ 420 $ 14 $ 435 $ — $ 9,299 Sales from contracts with customers 295 1,905 412 147 89 2,848 Net sales to external customers $ 8,725 $ 2,325 $ 426 $ 582 $ 89 $ 12,147 Six Months Ended June 30, 2019 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Sales from other arrangements $ 13,559 $ 912 $ 35 $ 356 $ — $ 14,862 Sales from contracts with customers 428 3,533 821 213 177 5,172 Net sales to external customers $ 13,987 $ 4,445 $ 856 $ 569 $ 177 $ 20,034 Six Months Ended June 30, 2018 (US$ in millions) Agribusiness Edible Oil Products Milling Products Sugar and Bioenergy Fertilizer Total Sales from other arrangements $ 15,568 $ 843 $ 25 $ 887 $ — $ 17,323 Sales from contracts with customers 619 3,631 810 258 147 5,465 Net sales to external customers $ 16,187 $ 4,474 $ 835 $ 1,145 $ 147 $ 22,788

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	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Cash and cash equivalents	$ 238	$ 389	$ 221
Restricted cash included in other current assets	10		4
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 248	$ 393	$ 225	$ 605

ACCOUNTING PRONOUNCEMENTS - NAR

ACCOUNTING PRONOUNCEMENTS - NARRATIVE (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Jun. 30, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use assets		$ 1,027
Lease liability		$ 981
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 ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Global Competitiveness Program
Restructuring Cost and Reserve [Line Items]
Impact on future earnings	$ 250
Severance and Other Employee Benefit Costs	9	$ 17
Consulting and Professional Services	3	21
Other Program Costs	4
Total Program Costs	16	38
Global Competitiveness Program | Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Total Program Costs	1	7
Global Competitiveness Program | Selling, general & administrative expenses
Restructuring Cost and Reserve [Line Items]
Total Program Costs	16	32
Global Competitiveness Program | Agribusiness Segment
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	7	11
Consulting and Professional Services	2	12
Other Program Costs	3
Total Program Costs	12	23
Global Competitiveness Program | Edible Oil Products
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	2	2
Consulting and Professional Services	1	3
Other Program Costs	0
Total Program Costs	3	5
Global Competitiveness Program | Milling Products
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	1	0
Consulting and Professional Services	0	2
Other Program Costs	0
Total Program Costs	1	2
Global Competitiveness Program | Sugar and Bioenergy Segment
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	(1)	2
Consulting and Professional Services	0	3
Other Program Costs	1
Total Program Costs	0	5
Global Competitiveness Program | Fertilizer
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	0	2
Consulting and Professional Services	0	1
Other Program Costs	0
Total Program Costs	0	3
Other Industrial Initiatives
Restructuring Cost and Reserve [Line Items]
Severance and Other Employee Benefit Costs	$ 1	$ 1

GLOBAL COMPETITIVENESS PROGRA_3

GLOBAL COMPETITIVENESS PROGRAM - RESTRUCTURING RESERVE (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Restructuring Reserve [Roll Forward]
Charges recognized on sale or disposal of long-lived assets	$ 0	$ 15,000,000
Global Competitiveness Program | Severance and Other Employee Benefit Costs
Restructuring Reserve [Roll Forward]
Beginning balance	3,000,000
Charges incurred	9,000,000
Cash payments	(5,000,000)
Ending balance	$ 7,000,000

LEASES - NARRATIVE (Details)

LEASES - NARRATIVE (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Average remaining lease term	6 years 2 months 12 days
Lease renewal term	5 years
Weighted average discount rate	6.80%
Sublease income receipts due in future periods	$ 37
Operating leases that have not yet commenced	$ 185
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
Certain Facilities
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	8 years	7 years

LEASES - COMPONENTS OF LEASE EX

LEASES - COMPONENTS OF LEASE EXPENSE (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 80	$ 160
Short-term lease cost	149	301
Variable lease cost	5	8
Sublease income	(20)	(50)
Total lease cost	$ 214	$ 419

LEASES - SUPPLEMENTAL CASH FLOW

LEASES - SUPPLEMENTAL CASH FLOW INFORMATION (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows associated with operating leases	$ 160
Right-of-use assets obtained in exchange for lease obligations	$ 150

LEASES - MATURITIES OF LEASE LI

LEASES - MATURITIES OF LEASE LIABILITIES (Details) $ in Millions	Jun. 30, 2019USD ($)
Leases [Abstract]
Remaining in 2019	$ 151
2020	253
2021	211
2022	166
2023	128
Thereafter	306
Total lease payments	1,215
Less imputed interest	234
Present value of lease liabilities	$ 981

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	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Trade structured finance program
Net return from activities including fair value changes	$ 9	$ 14
Weighted-average interest rate of time deposits (as a percent)	3.69%		3.76%
Total net proceeds from issuances of LCs	$ 2,030	$ 3,243
Time deposits and LC's presented net in the balance sheet
Trade structured finance program
Face value of time deposits and LCs	$ 3,923		$ 4,729

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
INVENTORIES
Inventories	$ 5,875	$ 5,871
Agribusiness
INVENTORIES
Inventories	4,508	4,551
Readily marketable inventories at fair value	4,275	4,365
Agribusiness | Merchandising Activities
INVENTORIES
Readily marketable inventories at fair value	3,327	3,300
Edible Oil Products
INVENTORIES
Inventories	737	742
Readily marketable inventories at fair value	102	88
Milling Products
INVENTORIES
Inventories	199	220
Sugar and Bioenergy
INVENTORIES
Inventories	315	280
Readily marketable inventories at fair value	46	79
Sugar and Bioenergy | Merchandising Activities
INVENTORIES
Readily marketable inventories at fair value	42	74
Fertilizer
INVENTORIES
Inventories	$ 116	$ 78

OTHER CURRENT ASSETS - SUMMARY

OTHER CURRENT ASSETS - SUMMARY OF OTHER CURRENT ASSETS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Other Current Assets:
Unrealized gains on derivative contracts, at fair value	$ 936		$ 936		$ 1,071
Prepaid commodity purchase contracts	372		372		253
Secured advances to suppliers, net	263		263		257
Recoverable taxes, net	450		450		500
Margin deposits	227		227		348
Marketable securities, at fair value, and other short-term investments	514		514		162
Deferred purchase price receivable, at fair value	102		102		128
Income taxes receivable	37		37		102
Prepaid expenses	147		147		165
Other	235		235		185
Total	3,283		3,283		3,171
Allowance on secured advance to farmers	0		0		$ 1
Interest earned on secured advances to suppliers	$ 6	$ 8	$ 13	$ 18

OTHER CURRENT ASSETS - MARKETAB

OTHER CURRENT ASSETS - MARKETABLE SECURITIES AND OTHER SHORT-TERM INVESTMENTS (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	$ 514	$ 162
Marketable securities at fair value	422	144
Unrealized gains	159
Foreign government securities
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	145	55
Corporate debt securities
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	120	91
Certificates of deposit/time deposits
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	91	15
Equity securities
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	157	0
Other
Marketable Securities and Other Short-Term Investments
Marketable securities and other short-term investments	$ 1	$ 1

OTHER NON-CURRENT ASSETS - COMP

OTHER NON-CURRENT ASSETS - COMPOSITION (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Other Assets, Noncurrent [Abstract]
Recoverable taxes, net	$ 82	$ 112
Judicial deposits	121	115
Other long-term receivables	6	8
Income taxes receivable	227	221
Long-term investments	76	91
Affiliate loans receivable	30	29
Long-term receivables from farmers in Brazil, net	77	93
Other	131	154
Total	750	823
Allowance for recoverable taxes	$ 29	$ 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	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Recorded Investment
Average recorded investment in long-term receivables	$ 203	$ 215
Total	180	199
Allowance	103	106	$ 105	$ 98	$ 116	$ 113
Legal collection process
Recorded Investment
Recorded investment for which an allowance has been provided	106	105
Recorded investment for which no allowance has been provided	56	51
Allowance	90	89
Renegotiated amounts
Recorded Investment
Recorded investment for which an allowance has been provided	13	17
Recorded investment for which no allowance has been provided	5	10
Allowance	13	17
Other long-term receivables
Recorded Investment
Other long-term receivables	$ 0	$ 16

OTHER NON-CURRENT ASSETS - ALLO

OTHER NON-CURRENT ASSETS - ALLOWANCE FOR DOUBTFUL ACCOUNTS (Details) - Long-term receivables - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Allowance for Doubtful Accounts Related to Long Term Receivables
Beginning balance	$ 105	$ 116	$ 106	$ 113
Bad debt provisions	0	0	1	4
Recoveries	(4)	(2)	(5)	(3)
Write-offs	0	1	0	1
Foreign exchange translation	(2)	15	(1)	15
Ending balance	$ 103	$ 98	$ 103	$ 98

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 60	$ 2	$ 98	$ 21

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Unrealized losses on derivative contracts, at fair value	$ 838	$ 1,192
Accrued liabilities	535	618
Advances on sales	237	405
Other	254	287
Total	$ 1,864	$ 2,502

FAIR VALUE MEASUREMENTS - ASSET

FAIR VALUE MEASUREMENTS - ASSETS AND LIABILITIES AT FAIR VALUE (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Assets:
Unrealized gain	$ 936	$ 1,071
Deferred purchase price receivable	102	128
Liabilities:
Trade accounts payable	721	441
Unrealized loss	838	1,192
Other Noncurrent Assets
Liabilities:
Unrealized gains (losses) on derivative contracts	41	3
Other Noncurrent Liabilities
Liabilities:
Unrealized gains (losses) on derivative contracts	(3)	(33)
Assets and liabilities measured at fair value on a recurring basis
Assets:
Readily marketable inventories	4,423	4,532
Trade accounts receivable	1	0
Total assets	5,948	5,899
Liabilities:
Trade accounts payable	721	441
Total liabilities	1,562	1,666
Assets and liabilities measured at fair value on a recurring basis | Hedge accounting | Interest rate
Assets:
Unrealized gain	48	6
Liabilities:
Unrealized loss	21	42
Assets and liabilities measured at fair value on a recurring basis | Hedge accounting | Foreign exchange
Assets:
Unrealized gain	377	473
Liabilities:
Unrealized loss	272	499
Assets and liabilities measured at fair value on a recurring basis | Economic hedges
Assets:
Deferred purchase price receivable	102	128
Other	445	165
Assets and liabilities measured at fair value on a recurring basis | Economic hedges | Commodities
Assets:
Unrealized gain	463	553
Liabilities:
Unrealized loss	452	621
Assets and liabilities measured at fair value on a recurring basis | Economic hedges | Freight
Assets:
Unrealized gain	16	12
Liabilities:
Unrealized loss	24	19
Assets and liabilities measured at fair value on a recurring basis | Economic hedges | Energy
Assets:
Unrealized gain	72	30
Liabilities:
Unrealized loss	70	44
Assets and liabilities measured at fair value on a recurring basis | Economic hedges | Credit
Assets:
Unrealized gain	1	0
Liabilities:
Unrealized loss	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
Trade accounts receivable	0	0
Total assets	292	231
Liabilities:
Trade accounts payable	0	0
Total liabilities	143	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	171	67
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Economic hedges | Commodities
Assets:
Unrealized gain	35	128
Liabilities:
Unrealized loss	54	152
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Economic hedges | Freight
Assets:
Unrealized gain	14	6
Liabilities:
Unrealized loss	20	13
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Economic hedges | Energy
Assets:
Unrealized gain	72	30
Liabilities:
Unrealized loss	68	43
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Economic hedges | Credit
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 | Equity
Liabilities:
Unrealized loss	1	0
Assets and liabilities measured at fair value on a recurring basis | Level 2
Assets:
Readily marketable inventories	3,651	4,286
Trade accounts receivable	1	0
Total assets	4,869	5,398
Liabilities:
Trade accounts payable	386	394
Total liabilities	1,055	1,381
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Hedge accounting | Interest rate
Assets:
Unrealized gain	48	6
Liabilities:
Unrealized loss	21	42
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Hedge accounting | Foreign exchange
Assets:
Unrealized gain	377	473
Liabilities:
Unrealized loss	272	499
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Economic hedges
Assets:
Deferred purchase price receivable	102	128
Other	274	98
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Economic hedges | Commodities
Assets:
Unrealized gain	415	407
Liabilities:
Unrealized loss	375	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
Liabilities:
Unrealized loss	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	772	246
Trade accounts receivable	0	0
Total assets	787	270
Liabilities:
Trade accounts payable	335	47
Total liabilities	364	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	13	18
Liabilities:
Unrealized loss	23	23
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Economic hedges | Freight
Assets:
Unrealized gain	2	6
Liabilities:
Unrealized loss	4	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
Liabilities:
Unrealized loss	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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Total
Balance at beginning of period	$ 234	$ 548	$ 193	$ 251
Purchases	555	530	893	904
Sales	(764)	(267)	(1,334)	(546)
Issuances	(1)	0	(1)	(9)
Settlements	113	109	145	157
Transfers into Level 3	185	73	437	192
Transfers out of Level 3	(42)	(80)	(98)	(106)
Balance at end of period	423	976	423	976
Cost of goods sold
Total
Total gains and losses (realized/unrealized) included in cost of goods sold (1)	143	63	188	133
Derivatives, Net
Derivatives, Net
Balance at beginning of period	(2)	5	(6)	2
Purchases	0	1	0	10
Sales	0	0	0	0
Issuances	(1)	0	(1)	(9)
Settlements	0	1	0	(7)
Transfers into Level 3	(2)	(2)	0	(4)
Transfers out of Level 3	0	1	0	1
Balance at end of period	(14)	16	(14)	16
Total
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities	63	(16)	99	(19)
Derivatives, Net | Cost of goods sold
Derivatives, Net
Total gains and losses (realized/unrealized) included in cost of goods sold	(9)	14	(7)	11
Derivatives, Net
Readily Marketable Inventories
Balance at beginning of period	633	860	246	365
Purchases	626	532	1,325	1,145
Sales	(764)	(267)	(1,334)	(546)
Issuances	0	0	0	0
Settlements	0	0	0	0
Transfers into Level 3	189	151	465	275
Transfers out of Level 3	(57)	(97)	(113)	(123)
Balance at end of period	772	1,225	772	1,225
Total
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities	(11)	13	(6)	1
Derivatives, Net | Cost of goods sold
Readily Marketable Inventories
Total gains and losses (realized/unrealized) included in cost of goods sold	145	46	183	109
Trade Accounts Receivable/ Payable, Net
Trade Accounts Receivable/ Payable, Net
Balance at beginning of period	(397)	(317)	(47)	(116)
Purchases	(71)	(3)	(432)	(251)
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	113	110	145	150
Transfers into Level 3	(2)	(76)	(28)	(79)
Transfers out of Level 3	15	18	15	18
Balance at end of period	(335)	(265)	(335)	(265)
Total
Changes in unrealized gains (losses) relating to Level 3 assets and liabilities	0	0	0	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	$ 7	$ 3	$ 12	$ 13

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - DERIVATIVE POSITIONS (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)MMBTUdayt	Dec. 31, 2018USD ($)MMBTUdayt
Interest rate | Long | Swaps
Derivative
Notional amount of derivative	$ 7,547	$ 3,349
Interest rate | Long | Futures
Derivative
Notional amount of derivative	3	0
Interest rate | Long | Forward Rate Agreements
Derivative
Notional amount of derivative	426	139
Interest rate | Short | Swaps
Derivative
Notional amount of derivative	92	111
Interest rate | Short | Futures
Derivative
Notional amount of derivative	0	0
Interest rate | Short | Forward Rate Agreements
Derivative
Notional amount of derivative	485	149
Foreign exchange | Long | Swaps
Derivative
Notional amount of derivative	35	127
Foreign exchange | Long | Futures
Derivative
Notional amount of derivative	62	0
Foreign exchange | Long | Forwards
Derivative
Notional amount of derivative	10,198	13,713
Foreign exchange | Long | Options
Derivative
Delta	87	869
Foreign exchange | Short | Swaps
Derivative
Notional amount of derivative	69	535
Foreign exchange | Short | Futures
Derivative
Notional amount of derivative	0	16
Foreign exchange | Short | Forwards
Derivative
Notional amount of derivative	11,144	13,701
Foreign exchange | Short | Options
Derivative
Delta	$ 79	$ 919
Commodities | Long | Swaps
Derivative
Nonmonetary notional amount of derivatives | t	0	0
Commodities | Long | Futures
Derivative
Nonmonetary notional amount of derivatives | t	1,959,874	4,136,525
Commodities | Long | Forwards
Derivative
Nonmonetary notional amount of derivatives | t	28,726,008	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	5,624,547	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	34,604,184	29,314,930
Commodities | Short | Options
Derivative
Nonmonetary notional amount of derivatives | t	1,188,015	0
Freight | Long | Forwards
Derivative
Nonmonetary notional amount of derivatives | day	1,970	0
Freight | Long | Options
Derivative
Nonmonetary notional amount of derivatives | day	75	302
Freight | Short | Forwards
Derivative
Nonmonetary notional amount of derivatives | day	0	90
Freight | Short | Options
Derivative
Nonmonetary notional amount of derivatives | day	0	0
Natural gas | Long | Swaps
Derivative
Nonmonetary notional amount of derivatives | MMBTU	349,763	1,205,687
Natural gas | Long | Futures
Derivative
Nonmonetary notional amount of derivatives | MMBTU	1,605,372	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	163,000	188,800
Energy - other | Long | Futures
Derivative
Nonmonetary notional amount of derivatives | t	0	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	17,063	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	$ 210	$ 52
Other | Short | Swaps and Futures
Derivative
Notional amount of derivative	1,824	0
Fair Value Hedging | Interest rate
Derivative
Carrying value of hedged debt	2,291	2,229
Cumulative adjustment to long-term debt from application of hedge accounting	38	(29)
Notional amount of derivative	2,260	2,266
Fair Value Hedging | Foreign exchange
Derivative
Carrying value of hedged debt	320	312
Notional amount of derivative		313
Fair Value Hedging | Foreign exchange | Short
Derivative
Notional amount of derivative	321
Cash Flow Hedges | Foreign exchange
Derivative
Amounts expected to be reclassified from AOCI to earnings in the next twelve months	2
Notional amount of derivative	164	$ 50
Cash Flow Hedges | Commodities
Derivative
Amounts expected to be reclassified from AOCI to earnings in the next twelve months	$ 3
Nonmonetary notional amount of derivatives | t	296,000,000	0
Net Investment Hedges
Derivative
Carrying value of non-derivative hedging instrument	$ 907	$ 912
Net Investment Hedges | Foreign exchange
Derivative
Notional amount of derivative	$ 1,141	$ 1,888

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - EFFECT OF DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Cash Flow Hedges
Derivative Instruments, Gain (Loss)
Cash flow hedge of foreign currency risk	$ 1	$ (4)	$ 2	$ (1)
Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) recognized in income on derivative instruments	(153)	61	88	(241)
Interest expense
Derivative Instruments, Gain (Loss)
Gain (loss) recognized in income on derivative instruments	(12)	(2)	(18)	0
Foreign currency
Derivative Instruments, Gain (Loss)
Gain (loss) recognized in income on derivative instruments	2	(56)	39	(56)
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	3	(7)	3	(5)
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	(7)	114	(45)	133
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)
Commodities
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	8	0	8	0
Foreign currency | 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	(12)	52	5	35
Hedge accounting | Foreign currency | Net sales
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	1	(1)	2	(1)
Hedge accounting | Foreign currency | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	0	1	0	1
Hedge accounting | Foreign currency | Foreign currency
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	9	(15)	8	(12)
Hedge accounting | Interest rate | Interest expense
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	(5)	(2)	(8)	0
Economic hedges | Foreign currency | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	91	(379)	166	(414)
Economic hedges | Foreign currency | Foreign currency
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	(7)	(41)	31	(44)
Economic hedges | Commodities | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	(244)	432	(106)	172
Economic hedges | Interest rate | Interest expense
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	(7)	0	(10)	0
Economic hedges | Other | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	$ 0	$ 7	$ 28	$ 0

DEBT (Details)

DEBT (Details)	Jul. 01, 2019USD ($)	Jul. 01, 2019JPY (¥)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Debt
Short-term debt			$ 1,885,000,000	$ 750,000,000
Debt instrument unused and available borrowing capacity amount			4,221,000,000
Maximum borrowing capacity			5,015,000,000
Medium-term Notes | Term Loan | Subsequent Event
Debt
Debt term	5 years
Medium-term Notes | Term Loan, Tranche A | Subsequent Event
Debt
Face amount of debt	$ 285,000,000	¥ 30,700,000,000
Medium-term Notes | Term Loan, Tranche A | Subsequent Event | three-month LIBOR
Debt
Basis spread on variable rate	0.75%
Medium-term Notes | Term Loan, Tranche B | Subsequent Event
Debt
Face amount of debt	$ 90,000,000
Medium-term Notes | Term Loan, Tranche B | Subsequent Event | three-month LIBOR
Debt
Basis spread on variable rate	1.30%
Carrying Value
Debt
Long-term debt, including current portion			4,463,000,000	4,622,000,000
Fair value | Level 2
Debt
Long-term debt, including current portion			4,522,000,000	$ 4,584,000,000
Commercial paper program
Debt
Commercial paper, outstanding issuances			544,000,000
Liquidity facility
Debt
Credit facility, borrowings outstanding			0
Bilateral credit lines
Debt
Short-term debt			450,000,000
Local bank line of credit
Debt
Short-term debt			$ 891,000,000

TRADE RECEIVABLES SECURITIZAT_3

TRADE RECEIVABLES SECURITIZATION PROGRAM (Details) - Bunge Securitization B.V. - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 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	$ 807			826
Deferred purchase price included in other current assets	102			$ 128
Gross receivables sold	4,663	$ 4,830
Proceeds received in cash related to transfer of receivables	4,469	4,626
Cash collections from customers on receivables previously sold	3,846	4,711
Discounts related to gross receivables sold included in SG&A	$ 8	$ 6

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Unconsolidated joint ventures
Related Party Transactions
Receivables from related parties	$ 42		$ 42		$ 28
Payables to related parties	$ 55		$ 55		$ 26
Unconsolidated joint ventures | Navegacoes Unidas Tapajos S.A.
Related Party Transactions
Ownership interest	50.00%		50.00%
Notes receivable	$ 21		$ 21
Unconsolidated joint ventures | Bunge SCF Grain LLC
Related Party Transactions
Ownership interest	50.00%		50.00%
Notes receivable	$ 7		$ 7
Notes payable	$ 14		$ 14
Interest rate	2.43%		2.43%
Other related party
Related Party Transactions
Notes receivable	$ 4		$ 4
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	307	$ 352	661	$ 663
Sale of soybeans, other commodity products and provided port services to certain unconsolidated ventures	96	118	206	219
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	26	31	50	56
Sale of soybeans, other commodity products and provided port services to certain unconsolidated ventures	$ 6	$ 8	$ 10	$ 11

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) R$ in Millions, $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)subsidiary	Dec. 31, 2018USD ($)	Dec. 31, 2011USD ($)	Jun. 30, 2019BRL (R$)	Dec. 31, 2017USD ($)	Mar. 31, 2016employee
Loss Contingencies and Guarantees
Non-income tax claims	$ 268	$ 267
Maximum Potential Future Payments	570
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	310
Non-income tax claims
Loss Contingencies and Guarantees
Non-income tax claims	92	94
Labor claims
Loss Contingencies and Guarantees
Non-income tax claims	78	78
Civil and other claims
Loss Contingencies and Guarantees
Non-income tax claims	98	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$ 241
ICMS tax liability | Brazil | Tax return examination 1990 - Present
Loss Contingencies and Guarantees
Total assessment	268	264
PIS COFINS liability | Brazil | Tax return examination 2004 - 2012
Loss Contingencies and Guarantees
Total assessment	234	$ 231
Unconsolidated affiliates financing
Loss Contingencies and Guarantees
Maximum Potential Future Payments	310
Potential liability	159
Obligation related to outstanding guarantees	18
Residual value guarantee
Loss Contingencies and Guarantees
Maximum Potential Future Payments	260
Obligation related to outstanding guarantees	0
Unconsolidated affiliates performance
Loss Contingencies and Guarantees
Potential liability	59
Obligation related to outstanding guarantees	0
Guarantee of indebtedness of subsidiaries
Loss Contingencies and Guarantees
Long-term debt including current portion, carrying value	$ 5,890
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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance			$ 6,173
Balance	$ 6,331		6,331
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(7,000)	$ (5,947)	(6,935)	$ (5,930)
Other comprehensive income (loss) before reclassifications	82	(865)	39	(878)
Amount reclassified from accumulated other comprehensive income (loss)	(1)	17	(23)	13
Balance	(6,919)	(6,795)	(6,919)	(6,795)
Foreign Exchange Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(6,657)	(5,562)	(6,637)	(5,547)
Other comprehensive income (loss) before reclassifications	90	(1,028)	70	(1,043)
Amount reclassified from accumulated other comprehensive income (loss)	0	14	0	14
Balance	(6,567)	(6,576)	(6,567)	(6,576)
Deferred Gains (Losses) on Hedging Activities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(169)	(244)	(145)	(244)
Other comprehensive income (loss) before reclassifications	(8)	161	(31)	164
Amount reclassified from accumulated other comprehensive income (loss)	(1)	3	(2)	0
Balance	(178)	(80)	(178)	(80)
Pension and Other Postretirement Liability Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(174)	(141)	(153)	(140)
Other comprehensive income (loss) before reclassifications	0	2	0	1
Amount reclassified from accumulated other comprehensive income (loss)	0	0	(21)	0
Balance	$ (174)	(139)	$ (174)	(139)
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		$ 0

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Computation of basic and diluted earnings per common share
Income (loss) from continuing operations	$ 212	$ (17)	$ 262	$ (34)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests	2	(2)	(3)	(4)
Income (loss) from continuing operations attributable to Bunge	214	(19)	259	(38)
Convertible preference share dividends	(9)	(9)	(17)	(17)
Income (loss) from discontinued operations, net of tax	0	7	0	5
Net income (loss) available to Bunge common shareholders	205	(21)	242	(50)
Add back convertible preference share dividends	9	0	0	0
Net income (loss) available to Bunge common shareholders - Diluted	$ 214	$ (21)	$ 242	$ (50)
Weighted-average number of common shares outstanding:
Basic (in shares)	141,497,071	140,959,421	141,351,844	140,848,779
Effect of dilutive shares:
-stock options and awards (in shares)	310,272	0	345,445	0
-convertible preference shares (in shares)	8,329,297	0	0	0
Diluted (in shares)	150,136,640	140,959,421	141,697,289	140,848,779
Basic earnings per common share:
Net income (loss) from continuing operations (in dollars per share)	$ 1.46	$ (0.20)	$ 1.72	$ (0.39)
Net income (loss) from discontinued operations (in dollars per share)	0	0.05	0	0.03
Net income (loss) to Bunge common shareholders—basic (in dollars per share)	1.46	(0.15)	1.72	(0.36)
Diluted earnings per common share:
Net income (loss) from continuing operations (in dollars per share)	1.43	(0.20)	1.71	(0.39)
Net income (loss) from discontinued operations (in dollars per share)	0	0.05	0	0.03
Net income (loss) to Bunge common shareholders—diluted (in dollars per share)	$ 1.43	$ (0.15)	$ 1.71	$ (0.36)
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)	6,000,000	7,000,000	5,000,000	7,000,000

SEGMENT INFORMATION - FINANCIAL

SEGMENT INFORMATION - FINANCIAL INFORMATION BY SEGMENT (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information
Number of reportable segments | segment			5
Operating Segment Information
Net sales	$ 10,096	$ 12,147	$ 20,034	$ 22,788
Foreign exchange gains (losses)	(11)	(96)	(18)	(96)
Noncontrolling interests	2	(2)	(3)	(4)
Other income (expense) – net	187	4	218	28
Total Segment EBIT from continuing operations	354	71	505	132
Discontinued operations	0	7	0	5
Depreciation, depletion and amortization	(155)	(162)	(294)	(304)
Total assets	20,424	22,124	20,424	22,124	$ 19,425
Agribusiness
Operating Segment Information
Net sales	7,068	8,725	13,987	16,187
Foreign exchange gains (losses)	(10)	(93)	(18)	(93)
Other income (expense) – net	35	22	67	46
Total Segment EBIT from continuing operations	182	106	291	148
Discontinued operations		0	0	0
Depreciation, depletion and amortization	(65)	(64)	(128)	(131)
Edible Oil Products
Operating Segment Information
Net sales	2,206	2,325	4,445	4,474
Foreign exchange gains (losses)	(3)	5	(1)	4
Other income (expense) – net	(1)	(1)	0	(4)
Total Segment EBIT from continuing operations	25	11	73	39
Discontinued operations		0	0	0
Depreciation, depletion and amortization	(40)	(41)	(80)	(73)
Milling Products
Operating Segment Information
Net sales	430	426	856	835
Foreign exchange gains (losses)	1	(2)	3	0
Other income (expense) – net	9	(2)	8	(2)
Total Segment EBIT from continuing operations	17	26	34	43
Discontinued operations		0	0	0
Depreciation, depletion and amortization	(13)	(14)	(27)	(29)
Sugar and Bioenergy
Operating Segment Information
Net sales	284	582	569	1,145
Foreign exchange gains (losses)	1	(4)	(2)	(3)
Other income (expense) – net	(2)	(15)	(2)	(13)
Total Segment EBIT from continuing operations	(11)	(63)	(35)	(87)
Discontinued operations		0	0	0
Depreciation, depletion and amortization	(36)	(41)	(56)	(67)
Fertilizer
Operating Segment Information
Net sales	108	89	177	147
Foreign exchange gains (losses)	0	(2)	0	(4)
Other income (expense) – net	(1)	0	(2)	1
Total Segment EBIT from continuing operations	6	(9)	7	(11)
Discontinued operations		0	0	0
Depreciation, depletion and amortization	(1)	(2)	(3)	(4)
Inter—segment revenues
Operating Segment Information
Net sales	(1,138)	(1,282)	(2,340)	(2,403)
Inter—segment revenues | Agribusiness
Operating Segment Information
Net sales	(1,078)	(1,228)	(2,246)	(2,294)
Inter—segment revenues | Edible Oil Products
Operating Segment Information
Net sales	(41)	(54)	(73)	(91)
Inter—segment revenues | Milling Products
Operating Segment Information
Net sales	0	0	0	0
Inter—segment revenues | Sugar and Bioenergy
Operating Segment Information
Net sales	(1)		(1)	(18)
Inter—segment revenues | Fertilizer
Operating Segment Information
Net sales	(18)	0	(20)	0
Operating | Agribusiness
Operating Segment Information
Noncontrolling interests	0	1	2	1
Total assets	12,429	14,113	12,429	14,113
Operating | Edible Oil Products
Operating Segment Information
Noncontrolling interests	0	(2)	(6)	(5)
Total assets	3,907	4,077	3,907	4,077
Operating | Milling Products
Operating Segment Information
Noncontrolling interests	0	0	0	0
Total assets	1,480	1,527	1,480	1,527
Operating | Sugar and Bioenergy
Operating Segment Information
Noncontrolling interests	1	(1)	0	0
Total assets	1,890	1,974	1,890	1,974
Operating | Fertilizer
Operating Segment Information
Noncontrolling interests	0	0	0	(1)
Total assets	361	280	361	280
Discontinued Operations and Unallocated
Operating Segment Information
Foreign exchange gains (losses)	0	0	0	0
Noncontrolling interests	1	0	1	1
Other income (expense) – net	147	0	147	0
Total Segment EBIT from continuing operations	135	0	135	0
Discontinued operations		7	0	5
Depreciation, depletion and amortization	0	0	0	0
Total assets	$ 357	$ 153	$ 357	$ 153

SEGMENT INFORMATION - NET INCOM

SEGMENT INFORMATION - NET INCOME TO SEGMENT EBIT (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Reconciliation of total segment EBIT:
Total Segment EBIT from continuing operations	$ 354	$ 71	$ 505	$ 132
Interest income	7	6	14	14
Interest expense	(88)	(94)	(163)	(164)
Income tax (expense) benefit	(60)	(2)	(98)	(21)
Income (loss) from discontinued operations, net of tax	0	7	0	5
Noncontrolling interests' share of interest and tax	1	0	1	1
Net income (loss) attributable to Bunge	$ 214	$ (12)	$ 259	$ (33)

SEGMENT INFORMATION - NET SALES

SEGMENT INFORMATION - NET SALES TO EXTERNAL CUSTOMERS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue from External Customer [Line Items]
Sales from other arrangements	$ 7,466	$ 9,299	$ 14,862	$ 17,323
Sales from contracts with customers	2,630	2,848	5,172	5,465
Net sales to external customers	10,096	12,147	20,034	22,788
Agribusiness
Revenue from External Customer [Line Items]
Sales from other arrangements	6,842	8,430	13,559	15,568
Sales from contracts with customers	226	295	428	619
Net sales to external customers	7,068	8,725	13,987	16,187
Edible Oil Products
Revenue from External Customer [Line Items]
Sales from other arrangements	453	420	912	843
Sales from contracts with customers	1,753	1,905	3,533	3,631
Net sales to external customers	2,206	2,325	4,445	4,474
Milling Products
Revenue from External Customer [Line Items]
Sales from other arrangements	20	14	35	25
Sales from contracts with customers	410	412	821	810
Net sales to external customers	430	426	856	835
Sugar and Bioenergy
Revenue from External Customer [Line Items]
Sales from other arrangements	151	435	356	887
Sales from contracts with customers	133	147	213	258
Net sales to external customers	284	582	569	1,145
Fertilizer
Revenue from External Customer [Line Items]
Sales from other arrangements	0	0	0	0
Sales from contracts with customers	108	89	177	147
Net sales to external customers	$ 108	$ 89	$ 177	$ 147

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - USD ($) $ in Millions	Jul. 22, 2019	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Subsequent Event [Line Items]
Impairment charges			$ 22	$ 4
Forecast
Subsequent Event [Line Items]
Transaction costs		$ 18
Subsequent Event
Subsequent Event [Line Items]
Joint venture ownership percentage	50.00%
Proceeds from contributions of interest in joint venture	$ 775
Private sale rights term	18 months
Initial public offering rights term	2 years
Subsequent Event | Non-recourse debt
Subsequent Event [Line Items]
Proceeds from contributions of interest in joint venture	$ 700
Subsequent Event | BP p.l.c.
Subsequent Event [Line Items]
Joint venture ownership percentage	50.00%
Minimum | Forecast
Subsequent Event [Line Items]
Impairment charges		1,500
Maximum | Forecast
Subsequent Event [Line Items]
Impairment charges		$ 1,700
BP p.l.c. | Subsequent Event
Subsequent Event [Line Items]
Proceeds from contributions of interest in joint venture	$ 75