Other Current Assets (Tables)

9 Months Ended

Sep. 30, 2021

Other Assets [Abstract]

Other Current Assets

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

	September 30,		December 31,
	2021		2020
	(In millions)
Unrealized gains on derivative contracts	$	1,843	$	3,108
Margin deposits and grain accounts	580		500
Customer omnibus receivable	1,075		860
Financing receivables - net (1)	154		297
Insurance premiums receivable	17		35
Prepaid expenses	325		290
Biodiesel tax credit	40		101
Tax receivables	765		680
Non-trade receivables (2)	270		218
Other current assets	151		135
	$	5,220	$	6,224

(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 and $4 million at September 30, 2021 and December 31, 2020, respectively. Interest earned on financing receivables of $2 million and $8 million for the three and nine months ended September 30, 2021, respectively and $4 million and $15 million for the three and nine months ended September 30, 2020, respectively, is included in investment income in the consolidated statements of earnings.

(2) Non-trade receivables included $28 million and $40 million of reinsurance recoverables as of September 30, 2021 and December 31, 2020, respectively.