Other Current Assets (Tables)

3 Months Ended

Mar. 31, 2023

Other Assets [Abstract]

Other Current Assets

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

	March 31,		December 31,
	2023		2022
	(In millions)
Unrealized gains on derivative contracts	$	1,846	$	1,704
Margin deposits and grain accounts	605		723
Customer omnibus receivable	1,174		1,309
Financing receivables - net (1)	170		235
Insurance premiums receivable	26		54
Prepaid expenses	444		443
Biodiesel tax credit	88		68
Tax receivables	407		616
Non-trade receivables (2)	544		361
Other current assets	144		153
	$	5,448	$	5,666

(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 March 31, 2023 and December 31, 2022, respectively. Interest earned on financing receivables of $6 million and $4 million for the three months ended March 31, 2023 and 2022, respectively, is included in interest and investment income in the consolidated statements of earnings.

(2) Non-trade receivables as of March 31, 2023 included dividends receivable of $116 million.