Other Current Assets

9 Months Ended

Sep. 30, 2020

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



	September 30,		December 31,
	2020		2019
	(In millions)
Unrealized gains on derivative contracts	$	1,798	$	619
Deferred receivables consideration	272		446
Customer omnibus receivable	888		1,014
Financing receivables - net ⁽¹⁾	331		395
Insurance premiums receivable	25		41
Prepaid expenses	308		318
Biodiesel tax credit	89		541
Tax receivables	665		579
Non-trade receivables ⁽²⁾	296		369
Other current assets	284		278
	$	4,956	$	4,600

⁽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 $4 million and $3 million at September 30, 2020 and December 31, 2019, respectively. Interest earned on financing receivables of $4 million and $15 million for the three and nine months ended September 30, 2020, respectively, and $5 million and $19 million for the three and nine months ended September 30, 2019, respectively, is included in interest income in the consolidated statements of earnings.

⁽²⁾Non-trade receivables included $77 million and $81 million of reinsurance recoverables as of September 30, 2020 and December 31, 2019, respectively.