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Other Current Assets
12 Months Ended
Dec. 31, 2018
Other Assets [Abstract]  
Other Current Assets
Other Current Assets

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

 
December 31, 2018
 
December 31, 2017
 
(In millions)
Unrealized gains on derivative contracts
$
636

 
$
449

Deferred receivables consideration
379

 
307

Customer omnibus receivable
450

 
477

Financing receivables - net (1)
424

 
413

Insurance premiums receivable
35

 
129

Prepaid expenses
184

 
232

Tax receivables
379

 
425

Non-trade receivables (2)
323

 
371

Other current assets
223

 
372

 
$
3,033

 
$
3,175



(1) The Company provides financing to suppliers, primarily Brazilian farmers, to finance a portion of the suppliers’ production costs. The amounts are reported net of allowances of $3 million and $6 million at December 31, 2018 and 2017, respectively. Interest earned on financing receivables of $26 million, $25 million, and $22 million for the years ended December 31, 2018, 2017, and 2016, respectively, is included in interest income in the consolidated statements of earnings.

(2) Non-trade receivables included $84 million and $91 million of reinsurance recoverables as of December 31, 2018 and 2017, respectively.