Other Current Assets

12 Months Ended

Dec. 31, 2019

Other Assets [Abstract]

Other Current Assets

Other Current Assets

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

	December 31, 2019		December 31, 2018
	(In millions)
Unrealized gains on derivative contracts	$	619	$	636
Deferred receivables consideration	446		379
Customer omnibus receivable	1,014		450
Financing receivables - net (1)	395		424
Insurance premiums receivable	41		35
Prepaid expenses	318		184
Biodiesel tax credit	541		—
Tax receivables	579		379
Non-trade receivables (2)	369		323
Other current assets	278		229
	$	4,600	$	3,039

⁽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 $3 million at December 31, 2019 and 2018. Interest earned on financing receivables of $27 million, $26 million, and $25 million for the years ended December 31, 2019, 2018, and 2017, respectively, is included in interest income in the consolidated statements of earnings.

⁽²⁾ Non-trade receivables included $81 million and $84 million of reinsurance recoverables as of December 31, 2019 and 2018, respectively.