Accounts and Notes Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Accounts and Notes Receivable


(In millions)	December 31, 2023		December 31, 2022
Accounts receivable – trade1	$	4,210	$	4,168
Notes receivable – trade1,2	119		93
Other3	1,159		1,440
Total accounts and notes receivable - net	$	5,488	$	5,701

1.Accounts and notes receivable – trade are net of allowances of $205 million and $194 million at December 31, 2023 and 2022, respectively.

2.Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed and crop protection 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, 2023 and 2022, there were no significant impairments related to current loan agreements.

3.Other includes receivables in relation to indemnification assets, value added tax, general sales tax and other taxes. No individual group represents more than 5 percent of total current assets. In addition, Other includes amounts due from nonconsolidated affiliates of $131 million and $148 million as of December 31, 2023 and 2022, respectively.

Accounts Receivable, Allowance for Credit Loss


(In millions)
Balance at December 31, 2021	$	210
Net provision for credit losses	(13)
Other - net of write-offs charged against allowance	(3)
Balance at December 31, 2022	$	194
Net provision for credit losses	11
Other - net of write-offs charged against allowance	—
Balance at December 31, 2023	$	205