Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2020

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



	June 30,		December 31,
	2020		2019
	(In millions)
Unrealized gains on derivative contracts	$	1,065	$	619
Deferred receivables consideration	1,149		446
Customer omnibus receivable	1,086		1,014
Financing receivables - net ⁽¹⁾	551		395
Insurance premiums receivable	66		41
Prepaid expenses	337		318
Biodiesel tax credit	134		541
Tax receivables	606		579
Non-trade receivables ⁽²⁾	297		369
Other current assets	263		278
	$	5,554	$	4,600

⁽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 $5 million and $3 million at June 30, 2020 and December 31, 2019, respectively. Interest earned on financing receivables of $3 million and $11 million for the three and six months ended June 30, 2020, respectively and $6 million and $14 million for the three and six months ended June 30, 2019, respectively, is included in interest income in the consolidated statements of earnings.

⁽²⁾Non-trade receivables included $74 million and $81 million of reinsurance recoverables as of June 30, 2020 and December 31, 2019, respectively.