v3.22.2
OTHER NON-CURRENT ASSETS (Tables)
 6 Months Ended
Jun. 30, 2022
Other Assets, Noncurrent [Abstract]  
Schedule of Other Non-Current Assets
Other non-current assets consist of the following:
(US$ in millions)June 30,
2022		December 31,
2021
Recoverable taxes, net (1)
$61 $66 
Judicial deposits (1)
105 89 
Other long-term receivables, net5 11 
Income taxes receivable
140 139 
Long-term investments (2)
244 196 
Affiliate loans receivable14 16 
Long-term receivables from farmers in Brazil, net (1)
30 33 
Unrealized gains on derivative contracts, at fair value8 49 
Other120 120 
Total$727 $719 
(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 June 30, 2022 and December 31, 2021, $10 million and $12 million, respectively, of long-term investments are recorded at fair value.
Summary of Gross Investment in Long-Term Receivables and the Related Allowance Amounts from Brazilian Farmers The table below summarizes the Company’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.
 June 30, 2022December 31, 2021
(US$ in millions)Recorded
Investment		AllowanceRecorded
Investment		Allowance
For which an allowance has been provided:    
Legal collection process (1)
$41 $34 $42 $35 
Renegotiated amounts1 3 3 1 
For which no allowance has been provided:    
Legal collection process (1)
20 — 20 — 
Renegotiated amounts (2)
5 — 2 — 
Other long-term receivables (3)
— — 2 — 
Total$67 $37 $69 $36 
(1)    All amounts in legal collection processes are considered past due upon initiation of legal action.
(2)    These renegotiated amounts are current on repayment terms.
(3)    New advances expected to be realized through farmer commitments to deliver agricultural commodities in crop periods greater than twelve months from the balance sheet date. Such advances are reclassified from non-current assets to current assets in later periods depending on the expected date of their realization.
Summary of the Activity in the Allowance for Doubtful Accounts Related to Long-Term Receivables from Brazilian Farmers
The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil.
Six Months Ended
June 30,
(US$ in millions)20222021
Beginning balance$36 $63 
Bad debt provisions1 3 
Recoveries(3)(3)
Write-offs— (4)
Transfers— — 
Foreign exchange translation3 2 
Ending balance$37 $61