Other Current Assets

3 Months Ended

Mar. 31, 2019

Other Assets [Abstract]

Other Current Assets

Other Current Assets

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

	March 31,		December 31,
	2019		2018
	(In millions)
Unrealized gains on derivative contracts	$	660	$	636
Deferred receivables consideration	430		379
Customer omnibus receivable	686		450
Financing receivables - net (1)	430		424
Insurance premiums receivable	27		35
Prepaid expenses	263		184
Tax receivables	527		379
Non-trade receivables (2)	430		323
Other current assets	172		223
	$	3,625	$	3,033

⁽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 $3 million at March 31, 2019 and December 31, 2018. Interest earned on financing receivables of $8 million and $7 million for the three months ended March 31, 2019 and 2018, respectively, is included in interest income in the consolidated statements of earnings.

⁽²⁾ Non-trade receivables included $82 million and $84 million of reinsurance recoverables as of March 31, 2019 and December 31, 2018, respectively.