OTHER NON-CURRENT ASSETS

Other non-current assets consist of the following:



(US$ in millions)	September 30, 2017		December 31, 2016
Recoverable taxes, net ⁽¹⁾	$	142	$	139
Judicial deposits⁽¹⁾	143		129
Other long-term receivables	13		23
Income taxes receivable⁽¹⁾	294		261
Long-term investments	63		54
Affiliate loans receivable	26		25
Long-term receivables from farmers in Brazil, net ⁽¹⁾	148		133
Other	186		163
Total	$	1,015	$	927


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

Recoverable taxes, net - Recoverable taxes are reported net of allowances of $29 million and $32 million at September 30, 2017 and December 31, 2016, respectively.

Judicial deposits - Judicial deposits are funds that Bunge has placed on deposit with the courts in Brazil. These funds are held in judicial escrow relating to certain legal proceedings pending legal resolution and bear interest at the SELIC rate, which is the benchmark rate of the Brazilian central bank.

Income taxes receivable - Income taxes receivable includes overpayments of current income taxes plus accrued interest. These income tax prepayments are expected to be primarily utilized for settlement of future income tax obligations. Income taxes receivable in Brazil bear interest at the SELIC rate.

Affiliate loans receivable - Affiliate loans receivable are primarily interest bearing receivables from unconsolidated affiliates with a remaining maturity of greater than one year.

Long-term receivables from farmers in Brazil, net of reserves - Bunge provides financing to farmers in Brazil, primarily through secured advances against farmer commitments to deliver agricultural commodities (primarily soybeans) upon harvest of the then-current year’s crop and through credit sales of fertilizer to farmers.

The average recorded investment in long-term receivables from farmers in Brazil for the nine months ended September 30, 2017 and the year ended December 31, 2016 was $263 million and $235 million, respectively. The table below summarizes Bunge’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.



	September 30, 2017				December 31, 2016
(US$ in millions)	Recorded Investment		Allowance		Recorded Investment		Allowance
For which an allowance has been provided:
Legal collection process ⁽¹⁾	$	102	$	87	$	84	$	78
Renegotiated amounts ⁽²⁾	27		24		36		31
For which no allowance has been provided:
Legal collection process⁽¹⁾	77		—		60		—
Renegotiated amounts⁽²⁾	21		—		16		—
Other long-term receivables	32		—		46		—
Total	$	259	$	111	$	242	$	109


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


(2)	All renegotiated amounts are current on repayment terms.

The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil.



	Three Months Ended September 30,						Nine Months Ended September 30,
(US$ in millions)	2017			2016			2017			2016
Beginning balance	$	109		$	111		$	109		$	100
Bad debt provisions	—			—			10			1
Recoveries	(3		)	(2		)	(11		)	(11		)
Transfers	—			1			—			1
Foreign exchange translation	5			(1		)	3			18
Ending balance	$	111		$	109		$	111		$	109