Intangible assets consist of the following:

December 31,
(US$ in millions)		2004			2003
Trademarks/brands—finite lived		$	87		$	33
Licenses			5			2
Other			18			8
			110			43
Less: accumulated amortization:
	Trademarks/brands		(3	)		(1	)
	Licenses		(2	)		(1	)
	Other		(1	)		–
			(6	)		(2	)
Trademarks/brands—indefinite lived			40			40
Unamortized prior service costs of
	defined benefit plans (Note 19)		12			11
Intangible assets, net of
	accumulated amortization	$	156		$	92

In 2004, as a result of the acquisition of the Bunge Brasil minority interest, Bunge preliminarily assigned to its fertilizer segment $25 million of intangible assets attributable to product trademarks/brands (20-year weighted average useful life) and $5 million related to licenses (38-year weighted average useful life). Bunge also assigned to its edible oil products and milling products segments $4 million and $4 million, respectively, of intangible assets attributable to trademarks/brands (20-year useful life) relating to this acquisition (see Note 2). In connection with the J. Macêdo asset exchange transaction, Bunge assigned to its milling products segment $15 million of intangible assets attributable to product trademarks/brands with a 20-year weighted average useful life.

In 2003, as a result of the Cereol acquisition, Bunge assigned to its edible oil products segment $53 million of intangible assets attributable to product trademarks/brands in Eastern Europe. Of this amount, approximately $34 million of these trademarks/brands have an average finite life of 30 years and the remainder of $19 million have an indefinite life, which is not subject to amortization. In addition, as a result of certain other 2003 acquisitions Bunge recognized finite lived assets of $3 million and indefinite lived intangible assets of $15 million.