v3.21.2
OTHER NON-CURRENT ASSETS (Tables)
 9 Months Ended
Sep. 30, 2021
Other Assets, Noncurrent [Abstract]  
Schedule of Other Non-Current Assets
Other non-current assets consist of the following:
(US$ in millions)September 30,
2021		December 31,
2020
Recoverable taxes, net (1)
$59 $115 
Judicial deposits (1)
94 72 
Other long-term receivables, net12 12 
Income taxes receivable
133 150 
Long-term investments (2)
160 136 
Affiliate loans receivable16 15 
Long-term receivables from farmers in Brazil, net (1)
33 38 
Unrealized gains on derivative contracts, at fair value56 111 
Other93 97 
Total$656 $746 
(1)    A significant portion of these non-current assets arise from the Company’s Brazilian operations and their realization could take several years.
(2)    As of September 30, 2021 and December 31, 2020, $12 million and $12 million, respectively, of long-term investments are recorded at fair value.
Summary of Gross Investment in Long-Term Receivables and the Related Allowance Amounts from Brazilian Farmers The table below summarizes the Company’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.
 September 30, 2021December 31, 2020
(US$ in millions)Recorded
Investment		AllowanceRecorded
Investment		Allowance
For which an allowance has been provided:    
Legal collection process (1)
$57 $49 $73 $60 
Renegotiated amounts6 5 6 3 
For which no allowance has been provided:    
Legal collection process (1)
21 — 22 — 
Renegotiated amounts (2)
1 — — — 
Other long-term receivables (3)
2 — — — 
Total$87 $54 $101 $63 
(1)    All amounts in legal collection processes are considered past due upon initiation of legal action.
(2)    These renegotiated amounts are current on repayment terms.
(3)    New advances expected to be realized through farmer commitments to deliver agricultural commodities in crop periods greater than twelve months from the balance sheet date. Such advances are reclassified from non-current assets to current assets in later periods depending on the expected date of their realization.
Summary of the Activity in the Allowance for Doubtful Accounts Related to Long-Term Receivables from Brazilian Farmers
The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil.
Nine Months Ended
September 30,
(US$ in millions)20212020
Beginning balance$63 $96 
Bad debt provisions2 5 
Recoveries(4)(11)
Write-offs(4)— 
Transfers(1)— 
Foreign exchange translation(2)(27)
Ending balance$54 $63