v2.3.0.11
OTHER NON-CURRENT ASSETS (Tables)
6 Months Ended
Jun. 30, 2011
OTHER NON-CURRENT ASSETS  
Schedule of other non-current assets

 

 

 

 

June 30,

 

December 31,

 

(US$ in millions) 

 

2011

 

2010

 

 

 

 

 

 

 

Recoverable taxes, net

 

$

917

 

$

964

 

Long-term receivables from farmers in Brazil, net

 

429

 

377

 

Judicial deposits

 

195

 

172

 

Other long-term receivables

 

11

 

129

 

Pension plan assets in excess of benefit obligations

 

9

 

12

 

Other

 

334

 

291

 

Total

 

$

1,895

 

$

1,945

 

Summary of the aging of non-defaulted and renegotiated amounts

 

 

 

 

June 30,

 

December 31,

 

(US$ in millions) 

 

2011

 

2010

 

Legal collection process (1)

 

$

470

 

$

441

 

Renegotiated amounts:

 

 

 

 

 

Current on repayment terms

 

174

 

137

 

Ending balance

 

$

644

 

$

578

 

 

 

(1)             All amounts in legal process are considered past due upon initiation of legal action.

Summary of recorded investment in long-term receivables and the related allowance amounts

 

 

 

 

June 30, 2011

 

December 31, 2010

 

 

 

Recorded

 

 

 

Recorded

 

 

 

(US$ in millions) 

 

Investment

 

Allowance

 

Investment

 

Allowance

 

For which an allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 

$

196

 

$

177

 

$

180

 

$

162

 

Renegotiated amounts

 

69

 

38

 

66

 

39

 

For which no allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 

274

 

 

261

 

 

Renegotiated amounts

 

105

 

 

71

 

 

Total

 

$

644

 

$

215

 

$

578

 

$

201

 

Summary of the activity in the allowance for doubtful accounts related to long term receivables

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

(US$ in millions) 

 

2011

 

2010

 

2011

 

2010

 

Beginning Balance

 

$

205

 

$

227

 

$

201

 

$

232

 

Bad debt provision

 

3

 

7

 

4

 

11

 

Recoveries

 

(4

)

(8

)

(5

)

(12

)

Write-offs

 

 

(23

)

 

(27

)

Transfers (1)

 

2

 

 

2

 

 

Foreign exchange translation

 

9

 

(7

)

13

 

(8

)

Ending balance

 

$

215

 

$

196

 

$

215

 

$

196

 

 

 

(1)             Represents reclassifications from allowance for doubtful accounts — current for secured advances to suppliers.