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Other Current Assets (Tables) | 6 Months Ended
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Jun. 30, 2022
Other Assets [Abstract] |
Other Current Assets | The following table sets forth the items in other current assets:
| June 30, |  | December 31,
| 2022 |  | 2021
| (In millions)
Unrealized gains on derivative contracts | $ | 2,520 |  |  | $ | 1,646 |
Margin deposits and grain accounts | 815 |  |  | 600 |
Customer omnibus receivable | 1,660 |  |  | 1,179 |
Financing receivables - net (1) | 153 |  |  | 189 |
Insurance premiums receivable | 74 |  |  | 20 |
Prepaid expenses | 389 |  |  | 370 |
Biodiesel tax credit | 44 |  |  | 79 |
Tax receivables | 712 |  |  | 708 |
Non-trade receivables (2) | 330 |  |  | 285 |
Other current assets | 249 |  |  | 82 |
| $ | 6,946 |  |  | $ | 5,158 |
(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 $3 million and $4 million at June 30, 2022 and December 31, 2021, respectively. Interest earned on financing receivables of $4 million and $8 million for the three and six months ended June 30, 2022, respectively and $2 million and $6 million for the three and six months ended June 30, 2021, respectively, is included in investment income in the consolidated statements of earnings. (2) Non-trade receivables included $29 million and $27 million of reinsurance recoverables as of June 30, 2022 and December 31, 2021, respectively.

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