v3.7.0.1
OTHER NON-CURRENT ASSETS (Tables)
 6 Months Ended
Jun. 30, 2017
OTHER NON-CURRENT ASSETS  
Schedule of other non-current assets

 

 

June 30,

 

December 31,

 

(US$ in millions)

 

2017

 

2016

 

Recoverable taxes, net (1)

 

$
125

 

$
139

 

Judicial deposits (1)

 
138

 
129

 

Other long-term receivables

 
22

 
23

 

Income taxes receivable (1)

 
279

 
261

 

Long-term investments

 
56

 
54

 

Affiliate loans receivable

 
24

 
25

 

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

 
134

 
133

 

Other

 
164

 
163

 

 

 

 

 

 

 

Total

 

$
942

 

$
927

 

 

 

 

 

 

 

 

 

 

(1)

These non-current assets arise primarily from Bunge’s Brazilian operations and their realization could take several years.

 

Summary of long-term receivables from Brazilian farmers

 

 

June 30,

 

December 31,

 

(US$ in millions)

 

2017

 

2016

 

Legal collection process (1)

 

$
155

 

$
144

 

Renegotiated amounts (2)

 
50

 
52

 

Other long-term receivables

 
38

 
46

 

 

 

 

 

 

 

Total

 

$
243

 

$
242

 

 

 

 

 

 

 

 

 

 

(1)

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

 

(2)

All renegotiated amounts are current on repayment terms.

 

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

 

 

June 30, 2017

 

December  31, 2016

 

 

 

Recorded

 

 

 

Recorded

 

 

 

(US$ in millions)

 

Investment

 

Allowance

 

Investment

 

Allowance

 

For which an allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 

$
96

 

$
82

 

$
84

 

$
78

 

Renegotiated amounts

 
30

 
27

 
36

 
31

 

For which no allowance has been provided:

 

 

 

 

 

 

 

 

 

Legal collection process

 
59

 

—

 
60

 

—

 

Renegotiated amounts

 
20

 

—

 
16

 

—

 

Other long-term receivables

 
38

 

—

 
46

 

—

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
243

 

$
109

 

$
242

 

$
109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

(US$ in millions)

 

2017

 

2016

 

2017

 

2016

 

Beginning balance

 

$
111

 

$
108

 

$
109

 

$
100

 

Bad debt provisions

 
9

 
1

 
10

 
1

 

Recoveries

 
(5

)
(9

)
(8

)
(9

)

Write-offs

 
(1

)

—

 

—

 

—

 

Foreign exchange translation

 
(5

)
11

 
(2

)
19

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
109

 

$
111

 

$
109

 

$
111