v3.26.1
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Effective in the third quarter of 2025, the Company changed its reportable segments to align with its new value chain operational structure as a result of the completion of the Acquisition of Viterra. Further, during the first quarter of 2026, the Other Oilseeds Processing and Refining segment was renamed to Tropical Oils and Specialty Ingredients. The segment name change had no impact on the composition of the Company’s existing four reportable segments, nor the Company’s previously reported segment results and consolidated financial statements. See Note 1 - Basis of Presentation, Principles of Consolidation, and Significant Accounting Policies.
Following the changes, the Company's operations are organized, managed, and classified into four reportable segments - Soybean Processing and Refining, Softseed Processing and Refining, Tropical Oils and Specialty Ingredients, and Grain Merchandising and Milling, organized based upon their similar economic characteristics, products and services offered, production processes, types and classes of customer, and distribution methods. The Company’s remaining operations are not reportable segments, as defined by the applicable accounting standard, and are classified as Corporate and Other.
The Soybean Processing and Refining segment is a globally integrated business principally involved in the purchase, storage, transportation, processing, distribution, refining, marketing, and sale of soybeans and soybean related products, as well as biodiesel and fertilizer production and distribution. The Softseed Processing and Refining segment is a globally integrated business principally involved in the purchase, storage, transportation, processing, distribution, refining, marketing, and sale of softseeds (canola/rapeseed and sunflower seed) and softseed related products, as well as biodiesel production and distribution. The Tropical Oils and Specialty Ingredients segment is a globally integrated business principally involved in products of a specialty nature, including the purchase, storage, transportation, processing, distribution, refining, marketing, and sale of these related products. The Grain Merchandising and Milling segment involves the purchase, storage, transportation, distribution, and marketing of certain commodities primarily consisting of corn, wheat, barley, cotton, pulses, and sugar; activities also include the milling of wheat and sugar; and related services including ocean freight and financial services.
Corporate and Other includes salaries and overhead for corporate functions, including acquisition and integration costs related to the Viterra Acquisition, that are not allocated to the Company’s individual reporting segments because the operating performance of each reporting segment is evaluated by the Company’s chief operating decision maker exclusive of these items, as well as certain other activities including Bunge Ventures, the Company’s captive insurance activities, accounts receivable securitization activities, and certain income tax assets and liabilities.
Transfers between the segments are 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, 2026
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningTropical Oils and Specialty IngredientsGrain Merchandising and MillingEliminationsTotal Reportable SegmentsCorporate and OtherTotal
Bunge Consolidated
Net sales to external customers$12,071 $4,095 $1,259 $6,614 $— $24,039 $2 $24,041 
Inter–segment revenues241 359 94 800 (1,494)— 
Raw materials cost(10,492)(3,531)(1,075)(6,060)— 5 (21,153)
Industrial expenses- fixed(279)(147)(90)(160)— (1)(677)
Industrial expenses- variable(159)(72)(30)(28)— — (289)
Depreciation(87)(45)(26)(77)— (6)(241)
Selling, general and administrative expenses(164)(63)(60)(129)— (190)(606)
Other segment items (1)
(86)36 (2)13 24 (15)
EBIT804 273 (24)173 — 1,226 (166)1,060 
Depreciation, depletion and amortization(88)(44)(34)(84)— (250)(6)(256)
Income (loss) from affiliates— (2)— 11 9 — 9 
Total assets19,744 7,595 4,164 12,953 — 44,456 2,326 46,782 
Capital expenditures217 41 122 57 — 437 6 443 
Three Months Ended June 30, 2025
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningTropical Oils and Specialty IngredientsGrain Merchandising and MillingEliminationsTotal Reportable SegmentsCorporate and OtherTotal
Bunge Consolidated
Net sales to external customers$7,750 $1,531 $1,152 $2,334 $— $12,767 $2 $12,769 
Inter–segment revenues133 295 81 329 (838)— — 
Raw materials cost(6,804)(1,349)(979)(2,158)— (2)(11,292)
Industrial expenses- fixed(213)(77)(75)(67)— 2 (430)
Industrial expenses- variable(123)(39)(25)(14)— — (201)
Depreciation(52)(21)(17)(12)— (6)(108)
Selling, general and administrative expenses(113)(38)(61)(62)— (144)(418)
Other segment items (1)
15 12 (5)166 — 30 218 
EBIT460 19 (10)187 — 656 (118)538 
Depreciation, depletion and amortization(52)(21)(25)(12)— (110)(6)(116)
Income (loss) from affiliates2 (1)— 2 — 3 — 3 
Total assets13,347 2,488 3,417 4,102 — 23,354 7,800 31,154 
Capital expenditures193 14 161 33 — 401 5 406 
Six Months Ended June 30, 2026
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningTropical Oils and Specialty IngredientsGrain Merchandising and MillingEliminationsTotal Reportable SegmentsCorporate and OtherTotal
Bunge Consolidated
Net sales to external customers$21,623 $7,999 $2,487 $13,791 $— $45,900 $2 $45,902 
Inter–segment revenues423 792 192 1,326 (2,733)— 
Raw materials cost(19,154)(7,046)(1,980)(12,967)— 9 (41,138)
Industrial expenses- fixed(545)(280)(172)(296)— 1 (1,292)
Industrial expenses- variable(301)(150)(57)(52)— — (560)
Depreciation(171)(87)(52)(142)— (13)(465)
Selling, general and administrative expenses(307)(124)(121)(256)— (329)(1,137)
Other segment items (1)
(132)37 (19)19 — 29 (66)
EBIT1,013 349 86 97 — 1,545 (301)1,244 
Depreciation, depletion and amortization(172)(87)(68)(154)— (481)(13)(494)
Income (loss) from affiliates5 (2)— 11 — 14 (2)12 
Total assets19,744 7,595 4,164 12,953 — 44,456 2,326 46,782 
Capital expenditures370 65 236 99 — 770 9 779 

Six Months Ended June 30, 2025
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningTropical Oils and Specialty IngredientsGrain Merchandising and MillingEliminationsTotal Reportable SegmentsCorporate and OtherTotal
Bunge Consolidated
Net sales to external customers$14,411 $3,046 $2,235 $4,718 $— $24,410 $2 $24,412 
Inter–segment revenues286 656 168 621 (1,731)— — 
Raw materials cost(12,772)(2,630)(1,878)(4,376)— 6 (21,650)
Industrial expenses- fixed(413)(141)(142)(129)— 9 (816)
Industrial expenses- variable(232)(81)(52)(27)— — (392)
Depreciation(101)(40)(39)(28)— (11)(219)
Selling, general and administrative expenses(222)(73)(119)(121)— (263)(798)
Other segment items (1)
60 20 (10)196 — 63 329 
EBIT731 101 (5)233 — 1,060 (194)866 
— 
Depreciation, depletion and amortization(101)(40)(55)(29)— (225)(11)(236)
Income (loss) from affiliates13 (6)— 1 — 8 — 8 
Total assets13,347 2,488 3,417 4,102 — 23,354 7,800 31,154 
Capital expenditures343 25 285 51 — 704 12 716 
(1)    Other segment items for each reportable segment includes Foreign exchange gains (losses) – net, Other income (expense) – net, Income (loss) from affiliates, and EBIT – Noncontrolling interests, which includes Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests adjusted for noncontrolling interests' share of interest and taxes.
A reconciliation of Total reportable segment EBIT to Income (loss) before income tax follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(US$ in millions)2026202520262025
Total reportable segment EBIT$1,226 $656 $1,545 $1,060 
Corporate and Other EBIT(166)(118)(301)(194)
EBIT - Noncontrolling interests37 16 50 17 
Interest income43 46 88 105 
Interest expense(197)(106)(378)(210)
Income (loss) before income tax$943 $494 $1,004 $778 
The Company’s revenue comprises sales from commodity contracts that are accounted for under ASC 815, Derivatives and Hedging ("ASC 815") and sales of other products and services that are accounted for under ASC 606, Revenue from Contracts with Customers ("ASC 606"). The following tables provide a disaggregation of Net sales to external customers between sales from commodity contracts (ASC 815) and sales from contracts with customers (ASC 606):
Three Months Ended June 30, 2026
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningTropical Oils and Specialty IngredientsGrain Merchandising and MillingCorporate and OtherTotal
Sales from commodity contracts (ASC 815)$10,019 $2,900 $79 $6,113 $— $19,111 
Sales from contracts with customers (ASC 606)2,052 1,195 1,180 501 2 4,930 
Net sales to external customers$12,071 $4,095 $1,259 $6,614 $2 $24,041 
Three Months Ended June 30, 2025
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningTropical Oils and Specialty IngredientsGrain Merchandising and MillingCorporate and OtherTotal
Sales from commodity contracts (ASC 815)$6,172 $686 $60 $1,830 $— $8,748 
Sales from contracts with customers (ASC 606)1,578 845 1,092 504 2 4,021 
Net sales to external customers$7,750 $1,531 $1,152 $2,334 $2 $12,769 
Six Months Ended June 30, 2026
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningTropical Oils and Specialty IngredientsGrain Merchandising and MillingCorporate and OtherTotal
Sales from commodity contracts (ASC 815)$17,766 $5,727 $102 $12,717 $— $36,312 
Sales from contracts with customers (ASC 606)3,857 2,272 2,385 1,074 2 9,590 
Net sales to external customers$21,623 $7,999 $2,487 $13,791 $2 $45,902 
Six Months Ended June 30, 2025
(US$ in millions)Soybean Processing and RefiningSoftseed Processing and RefiningTropical Oils and Specialty IngredientsGrain Merchandising and MillingCorporate and OtherTotal
Sales from commodity contracts (ASC 815)$11,531 $1,400 $70 $3,727 $— $16,728 
Sales from contracts with customers (ASC 606)2,880 1,646 2,165 991 2 7,684 
Net sales to external customers$14,411 $3,046 $2,235 $4,718 $2 $24,412