Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2023

Other Assets [Abstract]

Other Current Assets

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

	June 30,		December 31,
	2023		2022
	(In millions)
Unrealized gains on derivative contracts	$	1,825	$	1,704
Margin deposits and grain accounts	460		723
Customer omnibus receivable	1,068		1,309
Financing receivables - net (1)	161		235
Insurance premiums receivable	71		54
Prepaid expenses	349		443
Biodiesel tax credit	177		68
Tax receivables	544		616
Non-trade receivables	328		361
Other current assets	98		153
	$	5,081	$	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 $3 million at June 30, 2023 and December 31, 2022. Interest earned on financing receivables of $4 million and $10 million for the three and six months ended June 30, 2023, respectively, and $4 million and $8 million for the three and six months ended June 30, 2022, respectively, is included in interest and investment income in the consolidated statements of earnings.