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Other Current Assets (Tables) | 6 Months Ended
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Jun. 30, 2018
Other Assets [Abstract] |
Other Current Assets | The following table sets forth the items in other current assets:
| June 30, |  | December 31,
| 2018 |  | 2017
| (In millions)
Unrealized gains on derivative contracts | $ | 963 |  |  | $ | 449 |
Deferred receivables consideration | 386 |  |  | 307 |
Customer omnibus receivable | 359 |  |  | 477 |
Financing receivables - net (1) | 721 |  |  | 413 |
Insurance premiums receivable | 42 |  |  | 129 |
Prepaid expenses | 255 |  |  | 232 |
Tax receivables | 350 |  |  | 425 |
Non-trade receivables (2) | 310 |  |  | 371 |
Other current assets | 256 |  |  | 372 |
| $ | 3,642 |  |  | $ | 3,175 |
(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 and $6 million at June 30, 2018 and December 31, 2017, respectively. Additionally, at June 30, 2018, the Company had increased prepayments to farmers in South America for spot purchases of grain due to higher farmer selling activity in 2018 and the recent truckers strike in Brazil, which has created logistical delays in the delivery of grain. Interest earned on financing receivables of $5 million and $12 million for the three and six months ended June 30, 2018, respectively, and $5 million and $12 million for the three and six months ended June 30, 2017, respectively, is included in interest income in the consolidated statements of earnings. (2) Non-trade receivables included $62 million and $91 million of reinsurance recoverables as of June 30, 2018 and December 31, 2017, respectively.

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