v3.23.1

OTHER CURRENT ASSETS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Schedule of Other Current Assets | Other current assets consist of the following:
(US$ in millions) | March 31, 2023 | December 31, 2022
Unrealized gains on derivative contracts, at fair value | $ | 1,924 |  | $ | 1,597 |
Prepaid commodity purchase contracts (1) | 288 |  | 254 |
Secured advances to suppliers, net (2) | 330 |  | 365 |
Recoverable taxes, net | 361 |  | 365 |
Margin deposits | 653 |  | 791 |
Marketable securities and other short-term investments (3) | 97 |  | 119 |
Income taxes receivable | 28 |  | 102 |
Prepaid expenses | 289 |  | 376 |
Restricted cash | 5 |  | 26 |
Other | 272 |  | 386 |
Total | $ | 4,247 |  | $ | 4,381 |
(1) Prepaid commodity purchase contracts represent advance payments against contracts for future deliveries of specified quantities of agricultural commodities. (2) The Company provides cash advances to suppliers, primarily Brazilian soybean farmers, to finance a portion of the suppliers’ production costs. The Company does not bear any of the costs or operational risks associated with the related growing activities. The advances are largely collateralized by future crops and physical assets of the suppliers, carry a local market interest rate, and settle when the farmers' crops are harvested and sold. The secured advances to farmers are reported net of allowances of $8 million and $7 million at March 31, 2023 and December 31, 2022, respectively. (-) Interest earned on secured advances to suppliers of $7 million and $6 million for the three months ended March 31, 2023, and 2022, respectively, is included in Net sales in the condensed consolidated statements of income. (3) Marketable securities and other short-term investments - The Company invests in foreign government securities, corporate debt securities, deposits, equity securities, and other securities. The following is a summary of amounts recorded in the Company's condensed consolidated balance sheets as marketable securities and other short-term investments.
Schedule of Marketable Securities and Other Short-Term Investments |
(US$ in millions) | March 31, 2023 | December 31, 2022
Foreign government securities | $ | 55 |  | $ | 68 |
Equity securities | 13 |  | 23 |
Other | 29 |  | 28 |
Total | $ | 97 |  | $ | 119 |

X
- References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -URI https://asc.fasb.org/topic&trid=2197064 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -URI https://asc.fasb.org/topic&trid=75115024 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI https://asc.fasb.org/topic&trid=2196965 + Details
Name: | us-gaap_InvestmentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other current assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration