bunge 2004 annual report notes to the consolidated  financial statements Segment operating profit, a measure of segment profitability, includes an allocation of the financial costs of carrying operating working capital, including foreign exchange gains and losses and interest expense on debt financing working capital and interest income earned on working capital items, which is consistent with how management views the results for operational purposes.  Geographic area information for net sales to external customers, determined based on the location of the subsidiary making the sale, and long-lived assets follows: A reconciliation of income from continuing operations before income tax and minority interest to total consolidated segment operating profit follows: Year Ended December 31, (US$ in millions) 2004 2003 2002 Income from continuing  operations before income  tax and minority interest $ 9 90 04 4 $ 723 $ 481 Unallocated (income)  expense—net (1) ((5 54 4)) 6 40 Gain on sale of  ingredients business – (111) – Segment operating profit $ 8 85 50 0 $ 618 $ 521 Year Ended December 31, (US$ in millions) 2004 2003 2002 Agricultural  commodities products $ $ 1 17 7,,9 91 11 1 $ 16,224 $ 10,483 Fertilizer products 2 2,,5 58 81 1 1,954 1,384 Edible oil products 3 3,,8 87 72 2 3,184 1,279 Wheat milling products 4 47 79 9 500 399 Corn milling products 3 32 25 5 251 229 Soy ingredient products – 52 108 Total $ $ 2 25 5,,1 16 68 8 $ 22,165 $ 13,882 Year Ended December 31, (US$ in millions) 2004 2003 2002 Net sales to external customers:  United States $ $ 6 6,,7 78 83 3 $ 6,129 $ 4,482 Brazil 4 4,,9 93 39 9 3,894 3,253 Argentina 2 26 62 2 275 452 Canada 1 1,,1 16 60 0 1,216 203 Europe 8 8,,7 77 7 7,176 4,232 Asia 3 3,,2 22 25 5 3,451 1,229 Rest of world 2 22 24 31 Total $ $ 2 25 5,,1 16 68 8 $ 22,165 $ 13,882 December 31, (US$ in millions) 2004 2003 2002 Long-lived assets$^{(1)}$:  United States $ $ 1 1,,0 02 21 1 $ 1,052 $ 726 Brazil 1 1,,7 75 59 9 1,323 1,002 Argentina 1 11 13 3 80 53 Europe 4 41 10 0 302 394 Rest of world 1 12 20 0 110 98 Unallocated (2) – – 89 Total $ $ 3 3,,4 42 23 3 $ 2,867 $ 2,362 Net sales by product group to external customers were as follows: 84 (1) Unallocated (income) expense—net included interest income, interest expense, foreign exchange gains and losses and other income and expense not directly attributable to Bunge’s operating segments. (1) Long-lived assets include property, plant and equipment, net, goodwill and other intangible assets, net and investments in affiliates. (2) Unallocated purchase price relating to the Cereol acquisition (see Note 8).