v3.3.1.900
OTHER NON-CURRENT ASSETS (Tables)
 9 Months Ended
Sep. 30, 2015
OTHER NON-CURRENT ASSETS  
Schedule of other non-current assets

 

 

 

September 30,

 

December 31,

 

(US$ in millions)

 

2015

 

2014

 

Recoverable taxes, net (1)

 

$
261 

 

$
337 

 

Judicial deposits (1)

 
121 

 
159 

 

Other long-term receivables

 
23 

 
40 

 

Income taxes receivable (1)

 
180 

 
188 

 

Long-term investments

 
125 

 
263 

 

Affiliate loans receivable, net

 
12 

 
18 

 

Long-term receivables from farmers in Brazil, net (1)

 
90 

 
102 

 

Other

 
116 

 
154 

 

 

 

 

 

 

 

Total

 

$
928 

 

$
1,261 

 

 

 

 

 

 

 

 

 

 

(1)

These non-current assets arise primarily from Bunge’s Brazilian operations and their realization could take in excess of five years.
Long-term receivables from Brazilian farmers

 

 

 

September 30,

 

December 31,

 

(US$ in millions)

 

2015

 

2014

 

Legal collection process (1)

 

$
115 

 

$
179 

 

Renegotiated amounts (2)

 
71 

 
76 

 

 

 

 

 

 

 

Total

 

$
186 

 

$
255 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

September 30, 2015

 

December  31, 2014

 

 

 

Recorded

 

 

 

Recorded

 

 

 

(US$ in millions)

 

Investment

 

Allowance

 

Investment

 

Allowance

 

For which an allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 

$
104 

 

$
66 

 

$
164 

 

$
103 

 

Renegotiated amounts

 
40 

 
30 

 
65 

 
50 

 

For which no allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 
11 

 

—

 
15 

 

—

 

Renegotiated amounts

 
31 

 

—

 
11 

 

—

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
186 

 

$
96 

 

$
255 

 

$
153 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of the activity in the allowance for doubtful accounts related to long-term receivables from Brazilian farmers

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

(US$ in millions)

 

2015

 

2014

 

2015

 

2014

 

Beginning balance

 

$
127

 

$
176

 

$
153

 

$
196

 

Bad debt provisions

 
1

 
3

 
6

 
5

 

Recoveries

 
(4

)
(6

)
(18

)
(21

)

Write-offs

 
(1

)

—

 
(1

)
(21

)

Transfers (1)

 

—

 

—

 
5

 
4

 

Foreign exchange translation

 
(27

)
(17

)
(49

)
(7

)

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
96

 

$
156

 

$
96

 

$
156

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Represents reclassifications from allowances for doubtful accounts-current for secured advances to suppliers.