Other Current Assets

9 Months Ended

Sep. 30, 2019

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



	September 30,		December 31,
	2019		2018
	(In millions)
Unrealized gains on derivative contracts	$	599	$	636
Deferred receivables consideration	330		379
Customer omnibus receivable	743		450
Financing receivables - net ⁽¹⁾	507		424
Insurance premiums receivable	53		35
Prepaid expenses	248		184
Tax receivables	514		379
Non-trade receivables ⁽²⁾	311		323
Other current assets	210		223
	$	3,515	$	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 September 30, 2019 and December 31, 2018. Interest earned on financing receivables of $5 million and $19 million for the three and nine months ended September 30, 2019, respectively, and $6 million and $18 million for the three and nine months ended September 30, 2018, respectively, is included in interest income in the consolidated statements of earnings.

⁽²⁾Non-trade receivables included $81 million and $84 million of reinsurance recoverables as of September 30, 2019 and December 31, 2018, respectively.