Other Current Assets (Tables)

9 Months Ended

Sep. 30, 2016

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



	September 30,		December 31,
	2016		2015
	(In millions)

Unrealized gains on derivative contracts	$	782	$	758
Deferred receivables consideration	661		513
Customer omnibus receivable	504		1,148
Financing receivables - net ⁽¹⁾	301		352
Insurance premiums receivable	695		584
Prepaid expenses	214		406
Tax receivables	573		550
Non-trade receivables ⁽²⁾	518		288
Other current assets	460		687
	$	4,708	$	5,286

⁽¹⁾ The Company provides financing to certain suppliers, primarily Brazilian farmers, to finance a portion of the suppliers’ production costs. The amounts are reported net of allowances of $8 million at September 30, 2016 and December 31, 2015. Interest earned on financing receivables of $5 million and $17 million for the three and nine months ended September 30, 2016 and 2015, is included in interest income in the consolidated statements of earnings.

⁽²⁾Non-trade receivables include $250 million and $272 million of reinsurance recoverables as of September 30, 2016 and December 31, 2015, respectively.