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Accounts and Notes Receivable (Tables)
3 Months Ended
Mar. 31, 2023
Accounts and Notes Receivable [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
(In millions)March 31, 2023December 31, 2022March 31, 2022
Accounts receivable – trade1
$6,883 $4,168 $5,603 
Notes receivable – trade1,2
451 93 426 
Other3
1,344 1,440 1,246 
Total accounts and notes receivable - net$8,678 $5,701 $7,275 
1.Accounts receivable – trade and notes receivable - trade are net of allowances of $207 million, $194 million, and $232 million at March 31, 2023, December 31, 2022, and March 31, 2022, respectively.
2.Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed and chemical products to customers. These loans have terms of one year or less and are primarily concentrated in North America. The company maintains a rigid approval process for extending credit to customers in order to manage overall risk and exposure associated with credit losses. As of March 31, 2023, December 31, 2022, and March 31, 2022 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 $137 million, $148 million, and $124 million as of March 31, 2023, December 31, 2022, and March 31, 2022, respectively.
Accounts Receivable, Allowance for Credit Loss [Table Text Block]
(In millions)
2022
Balance at December 31, 2021$210 
Net provision for credit losses
Write-offs charged against allowance / other
17 
Balance at March 31, 2022
$232 
2023
Balance at December 31, 2022$194 
Net provision for credit losses10 
Write-offs charged against allowance / other
Balance at March 31, 2023
$207