Accounts and Notes Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Schedule of Accounts and Notes Receivable

(In millions)	December 31, 2019		December 31, 2018
Accounts receivable – trade1	$	4,225	$	3,649
Notes receivable – trade2	171		194
Other3	1,132		1,417
Total accounts and notes receivable - net	$	5,528	$	5,260

^1.  Accounts receivable – trade is net of allowances of $174 million at December 31, 2019 and $127 million at December 31, 2018. Allowances are equal to the estimated uncollectible amounts. That estimate is based on historical collection experience, current economic and market conditions, and review of the current status of customers' accounts.

^2.  Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed products to customers. These loans have terms of one year or less and are primarily concentrated in North America. The company maintains a rigid pre-approval process for extending credit to customers in order to manage overall risk and exposure associated with credit losses. As of December 31, 2019 and 2018, there were no significant past due notes receivable which required a reserve, nor were there any significant impairments related to current loan agreements.

^3.  Other includes receivables in relation to indemnification assets, value added tax, general sales tax and other taxes. No individual group represents more than ten percent of total receivables. In addition, Other includes amounts due from nonconsolidated affiliates of $119 million and $101 million as of December 31, 2019 and 2018, respectively.