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Other Current Assets (Tables) | 6 Months Ended
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Jun. 30, 2021
Other Assets [Abstract] |
Other Current Assets | The following table sets forth the items in other current assets:
| June 30, |  | December 31,
| 2021 |  | 2020
| (In millions)
Unrealized gains on derivative contracts | $ | 2,281 |  |  | $ | 3,108 |
Margin deposits and grain accounts | 609 |  |  | 500 |
Customer omnibus receivable | 1,038 |  |  | 860 |
Financing receivables - net (1) | 142 |  |  | 297 |
Insurance premiums receivable | 64 |  |  | 35 |
Prepaid expenses | 361 |  |  | 290 |
Biodiesel tax credit | 99 |  |  | 101 |
Tax receivables | 578 |  |  | 680 |
Non-trade receivables (2) | 294 |  |  | 218 |
Other current assets | 131 |  |  | 135 |
| $ | 5,597 |  |  | $ | 6,224 |
(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 $4 million at June 30, 2021 and December 31, 2020. Interest earned on financing receivables of $2 million and $6 million for the three and six months ended June 30, 2021, respectively and $3 million and $11 million for the three and six months ended June 30, 2020, respectively, is included in interest income in the consolidated statements of earnings. (2) Non-trade receivables included $66 million and $40 million of reinsurance recoverables as of June 30, 2021 and December 31, 2020, respectively.

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