v3.26.1
TRADE ACCOUNTS RECEIVABLE AND TRADE RECEIVABLES SECURITIZATION PROGRAM
 6 Months Ended
Jun. 30, 2026
Transfers and Servicing [Abstract]  
TRADE ACCOUNTS RECEIVABLE AND TRADE RECEIVABLES SECURITIZATION PROGRAM TRADE ACCOUNTS RECEIVABLE AND TRADE RECEIVABLES SECURITIZATION PROGRAM
Trade Accounts Receivable
Changes to the allowance for expected credit losses related to Trade accounts receivable were as follows:
Six Months Ended June 30, 2026
Rollforward of the Allowance for Credit Losses (US$ in millions)Short-term
Long-term (1)
Total
Allowance as of January 1, 2026
$156 $41 $197 
Current period provisions50 2 52 
Recoveries(33)(1)(34)
Write-offs charged against the allowance(16)(9)(25)
Foreign exchange translation differences4 1 5 
Allowance as of June 30, 2026
$161 $34 $195 
(1)     Long-term portion of the allowance for credit losses is included in Other non-current assets.

Six Months Ended June 30, 2025
Rollforward of the Allowance for Credit Losses (US$ in millions)Short-term
Long-term (1)
Total
Allowance as of January 1, 2025
$89 $24 $113 
Current period provisions19 — 19 
Recoveries(20)— (20)
Write-offs charged against the allowance(13)— (13)
Foreign exchange translation differences3 1 4 
Allowance as of June 30, 2025
$78 $25 $103 
(1)     Long-term portion of the allowance for credit losses is included in Other non-current assets.

Trade Receivables Securitization Program
Bunge and certain of its subsidiaries participate in a trade receivables securitization program (the "Program") with a financial institution, as administrative agent, and certain commercial paper conduit purchasers and committed purchasers (collectively, the "Purchasers"). Koninklijke Bunge B.V., a wholly owned subsidiary of Bunge, acts as master servicer, responsible for servicing and collecting the accounts receivable for the Program. The Program is designed to enhance Bunge’s financial flexibility by providing an additional source of liquidity for its operations.
On March 31, 2026, Bunge and certain of its subsidiaries amended the Program which increased its aggregate size by $500 million to an aggregate of $2.0 billion. The amendment also decreased the size of the accordion feature under the Program, which allows Bunge to request one or more of the existing committed purchasers or new committed purchasers to increase the total commitments, by $500 million reducing from $1.0 billion to $500 million. The Program will terminate on May 17, 2031; however, each committed purchaser's commitment to purchase trade receivables under the Program will terminate earlier on December 16, 2026, with a feature that permits Bunge to request 364-day extensions.
Under the Program's pledge structure, Bunge Securitization B.V. ("BSBV"), a consolidated bankruptcy remote special purpose entity, transfers certain trade receivables to the Purchasers in exchange for a cash payment up to the aggregate size of the Program. BSBV also retains ownership of a population of unsold receivables. BSBV agrees to guarantee the collection of sold receivables and grants a lien to the administrative agent on all unsold receivables. Collections on unsold receivables and guarantee payments are classified as operating activities in Bunge’s condensed consolidated statements of cash flows.
(US$ in millions)June 30,
2026		December 31,
2025
Receivables sold which were derecognized from Bunge's balance sheet
$1,650 $1,174 
Receivables pledged to the administrative agent and included in Trade accounts receivable
$299 $182 
Bunge's risk of loss following the sale of trade receivables is limited to the assets of BSBV, primarily comprised of unsold receivables pledged to the administrative agent.
The table below summarizes the cash flows and discounts of Bunge’s trade receivables associated with the Program. Servicing fees under the Program were not significant in any period.
Six Months Ended
June 30,
(US$ in millions)20262025
Gross receivables sold$8,652 $6,166 
Proceeds received in cash related to transfers of receivables
$8,626 $6,141 
Cash collections from customers on receivables previously sold $8,176 $6,214 
Discounts related to gross receivables sold included in Selling, general, and administrative expenses$26 $25