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Other Current Assets | 6 Months Ended
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Jun. 30, 2017
Other Assets [Abstract] |
Other Current Assets | Other Current Assets The following table sets forth the items in other current assets:
| June 30, |  | December 31,
| 2017 |  | 2016
| (In millions)
Unrealized gains on derivative contracts | $ | 535 |  |  | $ | 624 |
Deferred receivables consideration | 353 |  |  | 540 |
Customer omnibus receivable | 430 |  |  | 521 |
Financing receivables - net (1) | 351 |  |  | 373 |
Insurance premiums receivable | 52 |  |  | 648 |
Prepaid expenses | 285 |  |  | 268 |
Tax receivables | 347 |  |  | 480 |
Non-trade receivables (2) | 370 |  |  | 478 |
Other current assets | 175 |  |  | 451 |
| $ | 2,898 |  |  | $ | 4,383 |
(1) The Company provides financing to certain suppliers, primarily Brazilian farmers, to finance a portion of the suppliers’ production costs. The amounts are reported net of allowances of $7 million at June 30, 2017 and December 31, 2016. Interest earned on financing receivables of $5 million and $12 million for the three and six months ended June 30, 2017, respectively, and $4 million and $12 million for the three and six months ended June 30, 2016, respectively, is included in interest income in the consolidated statements of earnings. (2) Non-trade receivables include $58 million and $223 million of reinsurance recoverables as of June 30, 2017 and December 31, 2016, respectively.

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