Other Current Assets (Tables)

9 Months Ended

Sep. 30, 2022

Other Assets [Abstract]

Other Current Assets

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

	September 30,		December 31,
	2022		2021
	(In millions)
Unrealized gains on derivative contracts	$	2,315	$	1,646
Margin deposits and grain accounts	858		600
Customer omnibus receivable	1,328		1,179
Financing receivables - net (1)	202		189
Insurance premiums receivable	38		20
Prepaid expenses	473		370
Biodiesel tax credit	54		79
Tax receivables	527		708
Non-trade receivables (2)	316		285
Other current assets	53		82
	$	6,164	$	5,158

(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, 2022 and December 31, 2021, respectively. Interest earned on financing receivables of $3 million and $11 million for the three and nine months ended September 30, 2022, respectively and $2 million and $8 million for the three and nine months ended September 30, 2021, respectively, is included in interest and investment income in the consolidated statements of earnings.

(2) Non-trade receivables included $18 million and $27 million of reinsurance recoverables as of September 30, 2022 and December 31, 2021, respectively.