v2.3.0.15
OTHER NON-CURRENT ASSETS (Tables)
9 Months Ended
Sep. 30, 2011
OTHER NON-CURRENT ASSETS 
Schedule of other non-current assets

 

 

 

 

September 30,

 

December 31,

 

(US$ in millions) 

 

2011

 

2010

 

 

 

 

 

 

 

Recoverable taxes, net

 

$

801

 

$

964

 

Long-term receivables from farmers in Brazil, net

 

301

 

377

 

Judicial deposits

 

171

 

172

 

Other long-term receivables

 

11

 

129

 

Other

 

324

 

303

 

Total

 

$

1,608

 

$

1,945

 

 

Summary of the aging of non-defaulted and renegotiated amounts

 

 

 

 

September 30,

 

December 31,

 

(US$ in millions) 

 

2011

 

2010

 

Legal collection process (1)

 

$

390

 

$

441

 

Renegotiated amounts:

 

 

 

 

 

Current on repayment terms

 

95

 

137

 

Ending balance

 

$

485

 

$

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

 

 

 

 

September 30, 2011

 

December 31, 2010

 

 

 

Recorded

 

 

 

Recorded

 

 

 

(US$ in millions) 

 

Investment

 

Allowance

 

Investment

 

Allowance

 

For which an allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 

$

163

 

$

147

 

$

180

 

$

162

 

Renegotiated amounts

 

56

 

37

 

66

 

39

 

For which no allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 

227

 

 

261

 

 

Renegotiated amounts

 

39

 

 

71

 

 

Total

 

$

485

 

$

184

 

$

578

 

$

201

 

 

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

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

(US$ in millions) 

 

2011

 

2010

 

2011

 

2010

 

Beginning Balance

 

$

215

 

$

196

 

$

201

 

$

232

 

Bad debt provision

 

10

 

4

 

14

 

15

 

Recoveries

 

(5

)

 

(10

)

(12

)

Write-offs

 

 

(28

)

 

(55

)

Transfers (1)

 

(2

)

3

 

 

3

 

Foreign exchange translation

 

(34

)

12

 

(21

)

4

 

Ending balance

 

$

184

 

$

187

 

$

184

 

$

187

 

 

 

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