Other Current Assets (Tables)

3 Months Ended

Mar. 31, 2018

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



	March 31,		December 31,
	2018		2017
	(In millions)

Unrealized gains on derivative contracts	$	634	$	449
Deferred receivables consideration	399		307
Customer omnibus receivable	496		477
Financing receivables - net ⁽¹⁾	487		413
Insurance premiums receivable	132		129
Prepaid expenses	259		232
Tax receivables	585		425
Non-trade receivables ⁽²⁾	430		371
Other current assets	312		372
	$	3,734	$	3,175

⁽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 and $6 million at March 31, 2018 and December 31, 2017, respectively. Interest earned on financing receivables of $7 million for the three months ended March 31, 2018 and 2017 is included in interest income in the consolidated statements of earnings.

⁽²⁾Non-trade receivables included $114 million and $91 million of reinsurance recoverables as of March 31, 2018 and December 31, 2017, respectively.