v3.20.2
OTHER CURRENT ASSETS (Tables)
 6 Months Ended
Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of other current assets
Other current assets consist of the following:
(US$ in millions)June 30,
2020		December 31,
2019
Unrealized gains on derivative contracts, at fair value$1,328  $927  
Prepaid commodity purchase contracts (1)
378  153  
Secured advances to suppliers, net (2)
202  346  
Recoverable taxes, net316  476  
Margin deposits372  285  
Marketable securities, at fair value, and other short-term investments321  393  
Deferred purchase price receivable(3)
118  105  
Income taxes receivable11  37  
Prepaid expenses127  221  
Other189  170  
Total$3,362  $3,113  
(1) Prepaid commodity purchase contracts represent advance payments against contracts for future delivery of specified quantities of agricultural commodities.
(2) The Company provides cash advances to suppliers, primarily Brazilian farmers of soybeans, to finance a portion of the suppliers’ production costs. The Company does not bear any of the costs or operational risks associated with the related growing crops. The advances are largely collateralized by future crops and physical assets of the suppliers, carry a local market interest rate, and settle when the farmers' crops are harvested and sold. The secured advances to farmers are reported net of allowances of $1 million at June 30, 2020 and $1 million at December 31, 2019.
        Interest earned on secured advances to suppliers of $6 million for each of the three months ended June 30, 2020 and 2019, and $18 million and $13 million for the six months ended June 30, 2020 and 2019, respectively, is included in Net sales in the condensed consolidated statements of income.
(3) Deferred purchase price receivable represents additional credit support for the investment conduits in the Company’s trade receivables securitization program (see Note 6 - Trade Accounts Receivable and Trade Receivable Securitization Program).
Summary of marketable securities and other short-term investments The following is a summary of amounts recorded in the Company's condensed consolidated balance sheets as marketable securities and other short-term investments.
(US$ in millions)June 30,
2020		December 31,
2019
Foreign government securities$190  $212  
Corporate debt securities130  161  
Equity securities—  14  
Other1  6  
Total $321  $393