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Accounts and Notes Receivable (Tables)
 3 Months Ended
Mar. 31, 2021
Accounts and Notes Receivable [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
(In millions)March 31, 2021December 31, 2020March 31, 2020
Accounts receivable – trade1
$5,231 $3,754 $5,367 
Notes receivable – trade1,2
533 163 412 
Other3
1,028 1,009 996 
Total accounts and notes receivable - net$6,792 $4,926 $6,775 
1.Accounts receivable – trade and notes receivable - trade are net of allowances of $203 million at March 31, 2021, $208 million at December 31, 2020, and $203 million at March 31, 2020. Allowances are equal to the estimated uncollectible amounts and are based on the expected credit losses and were developed using a loss-rate method.
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 March 31, 2021, December 31, 2020, and March 31, 2020 there were no 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 10 percent of total receivables. In addition, Other includes amounts due from nonconsolidated affiliates of $115 million, $106 million, and $140 million as of March 31, 2021, December 31, 2020, and March 31, 2020, respectively.
Accounts Receivable, Allowance for Credit Loss [Table Text Block]
(In millions)
2020
Balance at December 31, 2019$174 
Net provision for credit losses60 
Write-offs charged against allowance(1)
Recoveries collected(30)
Balance at March 31, 2020
$203 
2021
Balance at December 31, 2020$208 
Net benefit for credit losses(5)
Balance at March 31, 2021
$203