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OTHER NON-CURRENT ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
OTHER NON-CURRENT ASSETS  
Schedule of other non-current assets

                                                                                                                                                                                   

(US$ in millions)

 

December 31,
2016

 

December 31,
2015

 

Recoverable taxes, net(1)

 

$

139 

 

$

133 

 

Judicial deposits(1)

 

 

129 

 

 

119 

 

Other long-term receivables

 

 

23 

 

 

23 

 

Income taxes receivable(1)

 

 

261 

 

 

195 

 

Long-term investments

 

 

54 

 

 

49 

 

Affiliate loans receivable

 

 

25 

 

 

15 

 

Long-term receivables from farmers in Brazil, net(1)

 

 

133 

 

 

117 

 

Other

 

 

163 

 

 

121 

 

​  

​  

​  

​  

Total

 

$

927 

 

$

772 

 

​  

​  

​  

​  

​  

​  

​  

​  


 

 

(1)          

These non-current assets arise primarily from Bunge's Brazilian operations and their realization could take in excess of five years.

 

Summary of long-term receivables from Brazilian farmers

                                                                                                                                                                                    

 

 

December 31,

 

(US$ in millions)

 

2016

 

2015

 

Legal collection process(1)

 

$

144 

 

$

119 

 

Renegotiated amounts(2)

 

 

52 

 

 

58 

 

Other long-term receivables

 

 

46 

 

 

40 

 

​  

​  

​  

​  

Total

 

$

242 

 

$

217 

 

​  

​  

​  

​  

​  

​  

​  

​  


 

 

(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 recorded investment in long-term receivables and the related allowance amounts from Brazilian farmers

                                                                                                                                                                                    

 

 

December 31, 2016

 

December 31, 2015

 

(US$ in millions)

 

Recorded
Investment

 

Allowance

 

Recorded
Investment

 

Allowance

 

For which an allowance has been provided:

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal collection process

 

$

84 

 

 

78 

 

$

78 

 

$

69 

 

Renegotiated amounts

 

 

36 

 

 

31 

 

 

37 

 

 

31 

 

For which no allowance has been provided:

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal collection process

 

 

60 

 

 

 

 

41 

 

 

 

Renegotiated amounts

 

 

16 

 

 

 

 

21 

 

 

 

Other long-term receivables

 

 

46 

 

 

 

 

40 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

242 

 

$

109 

 

$

217 

 

$

100 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of the activity in the allowance for doubtful accounts related to long-term receivables from Brazilian farmers

                                                                                                                                                                                    

 

 

December 31,

 

(US$ in millions)

 

2016

 

2015

 

Beginning balance

 

$

100

 

$

153

 

Bad debt provisions

 

 

3

 

 

11

 

Recoveries

 

 

(12

)

 

(20

)

Write-offs

 

 

(1

)

 

(2

)

Transfers(1)

 

 

 

 

5

 

Foreign exchange translation

 

 

19

 

 

(47

)

​  

​  

​  

​  

Ending balance

 

$

109

 

$

100

 

​  

​  

​  

​  

​  

​  

​  

​  


 

 

(1)          

Represents reclassifications from allowance for doubtful accounts-current for secured advances to suppliers.