
(US$ in millions)	June 30, 2021		December 31, 2020
Recoverable taxes, net (1)	$	55	$	115
Judicial deposits (1)	85		72
Other long-term receivables, net	12		12
Income taxes receivable	142		150
Long-term investments (2)	174		136
Affiliate loans receivable	16		15
Long-term receivables from farmers in Brazil, net (1)	34		38
Unrealized gains on derivative contracts, at fair value	76		111
Other	91		97
Total	$	685	$	746

Recoverable taxes, net - Recoverable taxes include value-added taxes paid upon the acquisition of property, plant and equipment, raw materials and taxable services and other transactional taxes which can be recovered in cash or as compensation against income taxes, or other taxes Bunge may owe, primarily in Brazil and Europe. Recoverable taxes are reported net of allowances of $16 million and $17 million at June 30, 2021 and December 31, 2020, 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 includes 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.

Long-term investments - Long-term investments primarily comprises our noncontrolling equity investments in growth stage agribusiness and food companies held by Bunge Ventures.

Affiliate loans receivable - Affiliate loans receivable are primarily interest-bearing receivables from unconsolidated affiliates with remaining maturities 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 7- Other Current Assets) or Other non-current assets according to their maturity. Advances initially recorded in Other current assets are reclassified to Other non-current assets if 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, 2021 and the year ended December 31, 2020 was $133 million and $132 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, 2021				December 31, 2020
(US$ in millions)	Recorded Investment		Allowance		Recorded Investment		Allowance
For which an allowance has been provided:
Legal collection process (1)	$	62	$	54	$	73	$	60
Renegotiated amounts	7		7		6		3
For which no allowance has been provided:
Legal collection process (1)	23		—		22		—
Renegotiated amounts (2)	2		—		—		—
Other long-term receivables (3)	1		—		—		—
Total	$	95	$	61	$	101	$	63

(3) New advances expected to be realized through farmer commitments to deliver agricultural commodities in crop periods greater than twelve months from the balance sheet date. Such advances are reclassified from Non-current assets to Current assets in later periods depending on the expected date of their realization.


	Six Months Ended June 30,
(US$ in millions)		2021		2020
Beginning balance		$	63	$	96
Bad debt provisions		3		4
Recoveries		(3)		(9)
Write-offs		(4)		—
Transfers		—		—
Foreign exchange translation		2		(27)
Ending balance		$	61	$	64