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Other Current Assets (Tables)
12 Months Ended
Dec. 31, 2017
Other Assets [Abstract]  
Other Current Assets
The following table sets forth the items in other current assets:

 
December 31, 2017
 
December 31, 2016
 
(In millions)
Unrealized gains on derivative contracts
$
449

 
$
624

Deferred receivables consideration
307

 
540

Customer omnibus receivable
477

 
521

Financing receivables - net (1)
413

 
373

Insurance premiums receivable
129

 
648

Prepaid expenses
232

 
268

Tax receivables
425

 
480

Non-trade receivables (2)
371

 
478

Other current assets
372

 
451

 
$
3,175

 
$
4,383



(1) The Company provides financing to suppliers, primarily Brazilian farmers, to finance a portion of the suppliers’ production costs. The amounts are reported net of allowances of $6 million and $7 million at December 31, 2017 and 2016, respectively. Interest earned on financing receivables of $25 million, $22 million, and $23 million for the years ended December 31, 2017, 2016, and 2015, respectively, is included in interest income in the consolidated statements of earnings.

(2) Non-trade receivables included $91 million and $223 million of reinsurance recoverables as of December 31, 2017 and 2016, respectively.