XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Other Current Assets | 9 Months Ended
--- | ---
Sep. 30, 2022
Other Assets [Abstract] |
Other Current Assets | Other Current Assets The following table sets forth the items in other current assets:
| September 30, |  | December 31,
| 2022 |  | 2021
| (In millions)
Unrealized gains on derivative contracts | $ | 2,315 |  |  | $ | 1,646 |
Margin deposits and grain accounts | 858 |  |  | 600 |
Customer omnibus receivable | 1,328 |  |  | 1,179 |
Financing receivables - net (1) | 202 |  |  | 189 |
Insurance premiums receivable | 38 |  |  | 20 |
Prepaid expenses | 473 |  |  | 370 |
Biodiesel tax credit | 54 |  |  | 79 |
Tax receivables | 527 |  |  | 708 |
Non-trade receivables (2) | 316 |  |  | 285 |
Other current assets | 53 |  |  | 82 |
| $ | 6,164 |  |  | $ | 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 September 30, 2022 and December 31, 2021, respectively. Interest earned on financing receivables of $3 million and $11 million for the three and nine months ended September 30, 2022, respectively and $2 million and $8 million for the three and nine months ended September 30, 2021, respectively, is included in interest and investment income in the consolidated statements of earnings. (2) Non-trade receivables included $18 million and $27 million of reinsurance recoverables as of September 30, 2022 and December 31, 2021, respectively.

X
- References No definition available. + Details
Name: | us-gaap_OtherAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other current assets. + References No definition available. + Details
Name: | us-gaap_OtherCurrentAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration