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Accounts and Notes Receivable, Net (Schedule of Accounts and Notes Receivable) (Details) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]    
Accounts receivable - trade [1] $ 3,610 $ 3,435
Notes receivable - trade [1],[2] 206 301
Other [3] 1,155 907
Accounts and notes receivable, net 4,971 4,643
Accounts and notes receivable - trade, allowance $ 287 $ 225
[1] Accounts and notes receivable – trade are net of allowances of $287 at 2016 and $225 at 2015. Allowances are equal to the estimated uncollectible amounts. That estimate is based on historical collection experience, current economic and market conditions, and review of the current status of customers' accounts.
[2] Notes receivable – trade primarily consists of receivables within the Agriculture segment for deferred payment loan programs for the sale of seed products to customers. These loans have terms of one year or less and are primarily concentrated in North America. The company maintains a rigid pre-approval process for extending credit to customers in order to manage overall risk and exposure associated with credit losses. As of December 31, 2016 and 2015, there were no significant past due notes receivable, nor were there any significant impairments related to current loan agreements.
[3] Other includes receivables in relation to fair value of derivative instruments, indemnification assets, value added tax, general sales tax and other taxes.