XML 30 R13.htm IDEA: XBRL DOCUMENT
v3.22.4

Other Current Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Other Assets [Abstract] |
Other Current Assets | Other Current Assets The following table sets forth the items in other current assets:
| December 31, 2022 |  | December 31, 2021
| (In millions)
Unrealized gains on derivative contracts | $ | 1,704 |  |  | $ | 1,646 |
Margin deposits and grain accounts | 723 |  |  | 600 |
Customer omnibus receivable | 1,309 |  |  | 1,179 |
Financing receivables - net (1) | 235 |  |  | 189 |
Insurance premiums receivable | 54 |  |  | 20 |
Prepaid expenses | 443 |  |  | 370 |
Biodiesel tax credit | 68 |  |  | 79 |
Tax receivables | 616 |  |  | 708 |
Non-trade receivables (2) | 361 |  |  | 285 |
Other current assets | 153 |  |  | 82 |
| $ | 5,666 |  |  | $ | 5,158 |
(1) The Company provides financing to 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 December 31, 2022 and 2021, respectively. Interest earned on financing receivables of $15 million, $11 million, and $20 million for the years ended December 31, 2022, 2021, and 2020, 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 December 31, 2022 and 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