Accounts and Notes Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Accounts and Notes Receivable


(In millions)	December 31, 2022		December 31, 2021
Accounts receivable – trade1	$	4,168	$	3,441
Notes receivable – trade1,2	93		120
Other3	1,440		1,250
Total accounts and notes receivable - net	$	5,701	$	4,811

1.Accounts receivable – trade and notes receivable – trade are net of allowances of $194 million and $210 million at December 31, 2022 and December 31, 2021, respectively.

2.Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed and crop protection 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, 2022 and 2021, 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 5 percent of total receivables. In addition, Other includes amounts due from nonconsolidated affiliates of $148 million and $104 million as of December 31, 2022 and 2021, respectively.

Accounts Receivable, Allowance for Credit Loss


(In millions)
Balance at December 31, 2020	$	208
Net provision for credit losses	1
Write-offs charged against allowance / other	1
Balance at December 31, 2021	$	210
Net provision for credit losses	(13)
Write-offs charged against allowance / other	(3)
Balance at December 31, 2022	$	194