v3.10.0.1
OTHER NON-CURRENT ASSETS
 6 Months Ended
Jun. 30, 2018
Other Assets, Noncurrent [Abstract]  
OTHER NON-CURRENT ASSETS
OTHER NON-CURRENT ASSETS
Other non-current assets consist of the following:
(US$ in millions)
 
June 30,
2018
 
December 31,
2017
Recoverable taxes, net (1)
 
$
168

 
$
155

Judicial deposits (1)
 
114

 
140

Other long-term receivables
 
12

 
12

Income taxes receivable (1)
 
245

 
307

Long-term investments
 
74

 
66

Affiliate loans receivable
 
21

 
24

Long-term receivables from farmers in Brazil, net (1)
 
93

 
131

Other
 
181

 
193

Total
 
$
908

 
$
1,028

 
(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 $28 million and $28 million at June 30, 2018 and December 31, 2017, 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 - 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 six months ended June 30, 2018 and the year ended December 31, 2017 was $237 million and $253 million, respectively.  The table below summarizes Bunge’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.
 
 
June 30, 2018
 
December 31, 2017
(US$ in millions)
 
Recorded
Investment
 
Allowance
 
Recorded
Investment
 
Allowance
For which an allowance has been provided:
 
 

 
 

 
 

 
 

Legal collection process (1)
 
$
91

 
$
81

 
$
98

 
$
91

Renegotiated amounts (2)
 
19

 
17

 
25

 
22

For which no allowance has been provided:
 
 

 
 

 
 

 
 

Legal collection process (1)
 
62

 
—

 
76

 
—

Renegotiated amounts (2)
 
12

 
—

 
17

 
—

Other long-term receivables
 
7

 
—

 
28

 
—

Total
 
$
191

 
$
98

 
$
244

 
$
113


(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
June 30,
 
Six Months Ended
June 30,
(US$ in millions)
2018
 
2017
 
2018
 
2017
Beginning balance
$
116

 
$
111

 
$
113

 
$
109

Bad debt provisions
—

 
9

 
4

 
10

Recoveries
(2
)
 
(5
)
 
(3
)
 
(8
)
Write-offs
(1
)
 
(1
)
 
(1
)
 
—

Foreign exchange translation
(15
)
 
(5
)
 
(15
)
 
(2
)
Ending balance
$
98

 
$
109

 
$
98

 
$
109