v3.22.1
OTHER CURRENT LIABILITIES
 3 Months Ended
Mar. 31, 2022
Other Liabilities Disclosure [Abstract]  
OTHER CURRENT LIABILITIES OTHER CURRENT LIABILITIES
Other current liabilities consist of the following:
(US$ in millions)March 31,
2022		December 31,
2021
Unrealized losses on derivative contracts, at fair value$3,504 $1,713 
Accrued liabilities570 689 
Advances on sales (1)
413 437 
Income tax payable180 168 
Other427 418 
Total$5,094 $3,425 
(1)    The Company records Advances on sales when cash payments are received in advance of the Company’s performance and recognizes revenue once the related performance obligation is completed. Advances on sales are impacted by the seasonality of our business, including the timing of harvests in the northern and southern hemispheres, and amounts at each balance sheet date will generally be recognized in earnings within twelve months or less.