v3.23.2
OTHER CURRENT LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2023
Other Liabilities Disclosure [Abstract]  
Schedule of Other Current Liabilities
Other current liabilities consist of the following:
(US$ in millions)June 30,
2023		December 31,
2022
Unrealized losses on derivative contracts, at fair value$1,574 $1,570 
Accrued liabilities638 755 
Advances on sales (1)
380 601 
Income tax payable63 156 
Other347 297 
Total$3,002 $3,379 
(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 Bunge's 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.