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Other Current Assets
3 Months Ended
Mar. 31, 2014
Other Assets [Abstract]  
Other Current Assets
Other Current Assets

The following table sets forth the items in other current assets:

 
March 31,
 
December 31,
 
2014
 
2013
 
(In millions)
 
 
 
 
Unrealized gains on derivative contracts
$
1,128

 
$
969

Deferred receivables consideration
573

 
757

Customer omnibus receivable
1,367

 
1,298

Financing receivables - net (1)
525

 
576

Other current assets
2,714

 
2,750

 
$
6,307

 
$
6,350



(1) The Company provides financing to suppliers, primarily Brazilian farmers, to finance a portion of the suppliers' production costs. The Company does not bear any of the costs or risks associated with the related growing crops. The receivables are largely collateralized by future crops and physical assets of the suppliers, carry a local market rate, and settle when the farmers' crops are harvested and sold. The amounts are reported net of allowances of $14 million and $15 million at March 31, 2014 and December 31, 2013, respectively. Changes in the allowance for the quarter ended March 31, 2014 included an increase of $1 million for additional bad debt provisions and a reduction in the allowance for adjustments of $2 million. Interest earned on financing receivables of $8 million and $9 million for the quarters ended March 31, 2014 and 2013, respectively, is included in interest income in the consolidated statements of earnings.