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Other Current Assets (Tables) | 6 Months Ended
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Jun. 30, 2020
Other Assets [Abstract] |
Other Current Assets | The following table sets forth the items in other current assets:
| June 30, |  | December 31,
| 2020 |  | 2019
| (In millions)
Unrealized gains on derivative contracts | $ | 1,065 |  |  | $ | 619 |
Deferred receivables consideration | 1,149 |  |  | 446 |
Customer omnibus receivable | 1,086 |  |  | 1,014 |
Financing receivables - net (1) | 551 |  |  | 395 |
Insurance premiums receivable | 66 |  |  | 41 |
Prepaid expenses | 337 |  |  | 318 |
Biodiesel tax credit | 134 |  |  | 541 |
Tax receivables | 606 |  |  | 579 |
Non-trade receivables (2) | 297 |  |  | 369 |
Other current assets | 263 |  |  | 278 |
| $ | 5,554 |  |  | $ | 4,600 |
(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 $5 million and $3 million at June 30, 2020 and December 31, 2019, respectively. Interest earned on financing receivables of $3 million and $11 million for the three and six months ended June 30, 2020, respectively and $6 million and $14 million for the three and six months ended June 30, 2019, respectively, is included in interest income in the consolidated statements of earnings. (2) Non-trade receivables included $74 million and $81 million of reinsurance recoverables as of June 30, 2020 and December 31, 2019, respectively.

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