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Other Current Assets (Tables) | 9 Months Ended
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Sep. 30, 2024
Other Assets [Abstract] |
Other Current Assets | The following table sets forth the items in other current assets (in millions).
| September 30, |  | December 31,
| 2024 |  | 2023
Unrealized gains on derivative contracts | $ | 1,159 |  |  | $ | 1,546 |
Margin deposits and grain accounts | 563 |  |  | 560 |
Customer omnibus receivable | 894 |  |  | 1,052 |
Financing receivables - net (1) | 214 |  |  | 237 |
Insurance premiums receivable | 95 |  |  | 61 |
Prepaid expenses | 341 |  |  | 445 |
Biodiesel tax credit | 219 |  |  | 119 |
Tax receivables | 424 |  |  | 491 |
Non-trade receivables | 282 |  |  | 304 |
Other current assets | 58 |  |  | 167 |
| $ | 4,249 |  |  | $ | 4,982 |
(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 $6 million at September 30, 2024 and December 31, 2023, respectively. Interest earned on financing receivables was $3 million and $13 million for the three and nine months ended September 30, 2024, respectively, and $4 million and $14 million for the three and nine months ended September 30, 2023, respectively, and is included in interest and investment income in the Consolidated Statements of Earnings.

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- Definition Tabular disclosure of the carrying amounts of other current assets. + References No definition available. + Details
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