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Accounts and Notes Receivable, Net (Schedule of Accounts and Notes Receivable, Net) (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Receivables [Abstract]    
Accounts receivable - trade [1] $ 3,441 $ 3,754
Notes receivable - trade [1],[2] 120 163
Other [3] 1,250 1,009
Total accounts and notes receivable - net 4,811 4,926
A/R trade and notes receivable - trade, allowance 210 208
Due from Nonconsolidated Affiliates $ 104 $ 106
[1] Accounts receivable – trade and notes receivable – trade are net of allowances of $210 million and $208 million at December 31, 2021 and December 31, 2020, respectively. 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 December 31, 2021 and 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 $104 million and $106 million as of December 31, 2021 and 2020, respectively.