v3.20.1
OTHER NON-CURRENT ASSETS (Tables)
 3 Months Ended
Mar. 31, 2020
Other Assets, Noncurrent [Abstract]  
Schedule of other non-current assets
Other non-current assets consist of the following:
(US$ in millions)
 
March 31,
2020
 
December 31,
2019
Recoverable taxes, net (1)
 
$
68

 
$
48

Judicial deposits (1)
 
85

 
106

Other long-term receivables
 
4

 
6

Income taxes receivable 
 
187

 
208

Long-term investments
 
88

 
83

Affiliate loans receivable
 
18

 
29

Long-term receivables from farmers in Brazil, net (1)
 
87

 
69

Other
 
185

 
129

Total
 
$
722

 
$
678

(1)
These non-current assets arise primarily from the Company’s Brazilian operations and their realization could take several years.
Summary of gross investment in long-term receivables and the related allowance amounts from Brazilian farmers The table below summarizes the Company’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.
 
 
March 31, 2020
 
December 31, 2019
(US$ in millions)
 
Recorded
Investment
 
Allowance
 
Recorded
Investment
 
Allowance
For which an allowance has been provided:
 
 

 
 

 
 

 
 

Legal collection process (1)
 
$
71

 
$
60

 
$
95

 
$
85

Renegotiated amounts
 
8

 
8

 
11

 
11

For which no allowance has been provided:
 
 

 
 

 
 

 
 

Legal collection process (1)
 
37

 
—

 
50

 
—

Renegotiated amounts (2)
 
4

 
—

 
5

 
—

Other long-term receivables
 
35

 
—

 
4

 
—

Total
 
$
155

 
$
68

 
$
165

 
$
96


(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 the activity in the allowance for doubtful accounts related to long-term receivables from Brazilian farmers
The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil.
 
 
Three Months Ended
March 31,
(US$ in millions)
 
2020
 
2019
Beginning balance
 
$
96

 
$
106

Bad debt provisions
 
2

 
1

Recoveries
 
(8
)
 
(1
)
Foreign exchange translation
 
(22
)
 
(1
)
Ending balance
 
$
68

 
$
105