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Other Current Assets (Tables)
6 Months Ended
Jun. 30, 2017
Other Assets [Abstract]  
Other Current Assets
The following table sets forth the items in other current assets:

 
June 30,
 
December 31,
 
2017
 
2016
 
(In millions)
 
 
 
 
Unrealized gains on derivative contracts
$
535

 
$
624

Deferred receivables consideration
353

 
540

Customer omnibus receivable
430

 
521

Financing receivables - net (1)
351

 
373

Insurance premiums receivable
52

 
648

Prepaid expenses
285

 
268

Tax receivables
347

 
480

Non-trade receivables (2)
370

 
478

Other current assets
175

 
451

 
$
2,898

 
$
4,383



(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 $7 million at June 30, 2017 and December 31, 2016. Interest earned on financing receivables of $5 million and $12 million for the three and six months ended June 30, 2017, respectively, and $4 million and $12 million for the three and six months ended June 30, 2016, respectively, is included in interest income in the consolidated statements of earnings.

(2) Non-trade receivables include $58 million and $223 million of reinsurance recoverables as of June 30, 2017 and December 31, 2016, respectively.