v3.20.2
OTHER NON-CURRENT ASSETS
 6 Months Ended
Jun. 30, 2020
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,
2020		December 31,
2019
Recoverable taxes, net (1)
$63  $48  
Judicial deposits (1)
68  106  
Other long-term receivables4  6  
Income taxes receivable
181  208  
Long-term investments99  83  
Affiliate loans receivable18  29  
Long-term receivables from farmers in Brazil, net (1)
46  69  
Other188  129  
Total$667  $678  
(1) These non-current assets arise primarily from the Company’s Brazilian operations and their realization could take several years.
Recoverable taxes, net - Recoverable taxes are reported net of allowances of $30 million and $41 million at June 30, 2020 and December 31, 2019, respectively.
Judicial deposits - Judicial deposits are funds the Company has placed on deposit with the courts in Brazil. These funds are held in judicial escrow relating to certain legal proceedings pending resolution and bear interest at the Selic rate, which is the benchmark rate of the Brazilian central bank.
Income taxes receivable - Income taxes receivable include 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 - The Company 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. Certain such long-term receivables from farmers are originally recorded in other current assets as prepaid commodity contracts or secured advances to suppliers (see Note 8 - Other Current Assets) and reclassified to other non-current assets when collection issues arise and amounts become past due with resolution of such matters expected to take more than one year.
The average recorded investment in long-term receivables from farmers in Brazil for the six months ended June 30, 2020 and the year ended December 31, 2019 was $159 million and $186 million, respectively. The table below summarizes the Company’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.
 June 30, 2020December 31, 2019
(US$ in millions)Recorded
Investment		AllowanceRecorded
Investment		Allowance
For which an allowance has been provided:    
Legal collection process (1)
$65  $56  $95  $85  
Renegotiated amounts8  8  11  11  
For which no allowance has been provided:    
Legal collection process (1)
33  —  50  —  
Renegotiated amounts (2)
4  —  5  —  
Other long-term receivables—  —  4  —  
Total$110  $64  $165  $96  
(1) All amounts in legal process are considered past due upon initiation of legal action.
(2) These renegotiated amounts are current on repayment terms.
The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil.
Three Months Ended
June 30,		Six Months Ended
June 30,
(US$ in millions)2020201920202019
Beginning balance$68  $105  $96  $106  
Bad debt provisions2  —  4  1  
Recoveries(1) (4) (9) (5) 
Foreign exchange translation(5) 2  (27) 1  
Ending balance$64  $103  $64  $103