Other Current Assets (Tables)

9 Months Ended

Sep. 30, 2023

Other Assets [Abstract]

Other Current Assets

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

	September 30,		December 31,
	2023		2022
	(In millions)
Unrealized gains on derivative contracts	$	2,050	$	1,704
Margin deposits and grain accounts	675		723
Customer omnibus receivable	1,021		1,309
Financing receivables - net (1)	215		235
Insurance premiums receivable	39		54
Prepaid expenses	614		443
Biodiesel tax credit	271		68
Tax receivables	315		616
Non-trade receivables	352		361
Other current assets	66		153
	$	5,618	$	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 September 30, 2023 and December 31, 2022. Interest earned on financing receivables of $4 million and $14 million for the three and nine months ended September 30, 2023, respectively, and $3 million and $11 million for the three and nine months ended September 30, 2022, respectively, is included in interest and investment income in the consolidated statements of earnings.