v3.23.1
OTHER NON-CURRENT ASSETS (Tables)
 3 Months Ended
Mar. 31, 2023
Other Assets, Noncurrent [Abstract]  
Schedule of Other Non-Current Assets
Other non-current assets consist of the following:
(US$ in millions)March 31,
2023		December 31,
2022
Recoverable taxes, net (1)
$34 $59 
Judicial deposits (1)
116 110 
Other long-term receivables, net (2)
15 16 
Income taxes receivable (1)
208 143 
Long-term investments (3)
167 163 
Affiliate loans receivable8 8 
Long-term receivables from farmers in Brazil, net (1)
44 32 
Unrealized gains on derivative contracts, at fair value1 1 
Other106 95 
Total$699 $627 
(1)    A significant portion of these non-current assets arise from the Company’s Brazilian operations and their realization could take several years.
(2)    Net of allowances as described in Note 4 - Trade Accounts Receivable and Trade Receivables Securitization Program.
(3)    As of March 31, 2023, and December 31, 2022, $11 million and $9 million, respectively, of long-term investments are recorded at fair value.
Schedule of Gross Investment in Long-Term Receivables and the Related Allowance Amounts from Brazilian Farmers The table below summarizes the Company’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.
 March 31, 2023December 31, 2022
(US$ in millions)Recorded
Investment		AllowanceRecorded
Investment		Allowance
For which an allowance has been provided:    
Legal collection process (1)
$35 $35 $40 $34 
Renegotiated amounts2 2 2 2 
For which no allowance has been provided:    
Legal collection process (1)
24 — 19 — 
Renegotiated amounts (2)
9 — 7 — 
Other long-term receivables (3)
11 — — — 
Total$81 $37 $68 $36 
(1)    All amounts in legal collection processes are considered past due upon initiation of legal action.
(2)    These renegotiated amounts are current on repayment terms.
(3)    New advances expected to be realized through farmer commitments to deliver agricultural commodities in crop periods greater than twelve months from the balance sheet date. Such advances are reclassified from Other non-current assets to Other current assets in later periods depending on the expected date of their realization.
Schedule of the Activity in the Allowance for Doubtful Accounts Related to Long-Term Receivables from Brazilian Farmers
The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil.
Three Months Ended
March 31,
(US$ in millions)20232022
Allowance as of January 1$36 $36 
Bad debt provisions— — 
Recoveries— (1)
Write-offs— — 
Transfers— — 
Foreign exchange translation1 7 
Allowance as of March 31$37 $42