Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2022

Other Assets [Abstract]

Other Current Assets

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

	June 30,		December 31,
	2022		2021
	(In millions)
Unrealized gains on derivative contracts	$	2,520	$	1,646
Margin deposits and grain accounts	815		600
Customer omnibus receivable	1,660		1,179
Financing receivables - net (1)	153		189
Insurance premiums receivable	74		20
Prepaid expenses	389		370
Biodiesel tax credit	44		79
Tax receivables	712		708
Non-trade receivables (2)	330		285
Other current assets	249		82
	$	6,946	$	5,158

(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 $3 million and $4 million at June 30, 2022 and December 31, 2021, respectively. Interest earned on financing receivables of $4 million and $8 million for the three and six months ended June 30, 2022, respectively and $2 million and $6 million for the three and six months ended June 30, 2021, respectively, is included in investment income in the consolidated statements of earnings.

(2) Non-trade receivables included $29 million and $27 million of reinsurance recoverables as of June 30, 2022 and December 31, 2021, respectively.