v3.21.1
OTHER CURRENT LIABILITIES
3 Months Ended
Mar. 31, 2021
Other Liabilities Disclosure [Abstract]  
OTHER CURRENT LIABILITIES OTHER CURRENT LIABILITIES
Other current liabilities consist of the following:
(US$ in millions)March 31,
2021
December 31,
2020
Unrealized losses on derivative contracts, at fair value$3,097 $3,226 
Accrued liabilities536 652 
Advances on sales (2)
333 406 
Payables for purchase of shares (1)
 149 
Other492 407 
Total$4,458 $4,840 
(1)    On December 9, 2020, Bunge filed an unconditional tender offer to acquire all of the shares Bunge did not own in Z.T. Kruszwica S.A. Accordingly, the Company recognized a liability for the fair value of the publicly listed shares not owned at December 31, 2020. The tender offer process was completed in the first quarter of 2021.
(2)    Changes to Advances on sales accounts are as follows:
 Three Months Ended
March 31,
(US$ in millions)20212020
Beginning balance$406 $411 
Additions1,249 548 
Transfers to Net sales(726)(597)
Reversals due to cancelled sales orders(593)(32)
Foreign currency translation(4)(5)
Other1 — 
Ending balance$333 $325