v3.20.2
OTHER NON-CURRENT ASSETS (Tables)
6 Months Ended
Jun. 30, 2020
Other Assets, Noncurrent [Abstract]  
Schedule of 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 receivables  
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  $678  
(1) These non-current assets arise primarily from the Company’s Brazilian operations and their realization could take several years.
Summary of gross investment in long-term receivables and the related allowance amounts from Brazilian farmers The table below summarizes the Company’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.
 June 30, 2020December 31, 2019
(US$ in millions)Recorded
Investment
AllowanceRecorded
Investment
Allowance
For which an allowance has been provided:    
Legal collection process (1)
$65  $56  $95  $85  
Renegotiated amounts  11  11  
For which no allowance has been provided:    
Legal collection process (1)
33  —  50  —  
Renegotiated amounts (2)
 —   —  
Other long-term receivables—  —   —  
Total$110  $64  $165  $96  
(1) All amounts in legal process are considered past due upon initiation of legal action.
(2) These renegotiated amounts are current on repayment terms.
Summary of the activity in the allowance for doubtful accounts related to long-term receivables from Brazilian farmers
The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil.
Three Months Ended
June 30,
Six Months Ended
June 30,
(US$ in millions)2020201920202019
Beginning balance$68  $105  $96  $106  
Bad debt provisions —    
Recoveries(1) (4) (9) (5) 
Foreign exchange translation(5)  (27)  
Ending balance$64  $103  $64  $103