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OTHER NON-CURRENT ASSETS (Tables)
6 Months Ended
Jun. 30, 2024
Other Assets, Noncurrent [Abstract]  
Schedule of Other Non-Current Assets
Other non-current assets consist of the following:
(US$ in millions)June 30,
2024
December 31,
2023
Recoverable taxes, net (1)
$20 $25 
Judicial deposits (1)
109 120 
Other long-term receivables, net (2)
16 16 
Income taxes receivable (1)
125 136 
Long-term investments (3)
168 142 
Affiliate loans receivable8 
Long-term receivables from farmers in Brazil, net (1)
30 43 
Unrealized gains on derivative contracts, at fair value1 
Other109 124 
Total$586 $615 
(1)    A significant portion of these non-current assets arise from the Company’s Brazilian operations and their realization could take several years.
(2)    Net of allowances as described in Note 4 - Trade Accounts Receivable and Trade Receivables Securitization Program.
(3)    As of June 30, 2024, and December 31, 2023, $12 million of long-term investments are recorded at fair value.
Schedule of Gross Investment in Long-Term Receivables and the Related Allowance Amounts from Brazilian Farmers The table below summarizes the Company’s recorded investment in long-term receivables from farmers in Brazil and the related allowance amounts.
 June 30, 2024December 31, 2023
(US$ in millions)Recorded
Investment
AllowanceRecorded
Investment
Allowance
For which an allowance has been provided:    
Legal collection process (1)
$27 $27 $30 $30 
Renegotiated amounts  
For which no allowance has been provided:    
Legal collection process (1)
14  19 — 
Renegotiated amounts (2)
3  — 
Other long-term receivables (3)
13  18 — 
Total$57 $27 $74 $31 
(1)    All amounts in legal collection processes are considered past due upon initiation of legal action.
(2)    These renegotiated amounts are current on repayment terms.
(3)    New advances expected to be realized through farmer commitments to deliver agricultural commodities in crop periods greater than twelve months from the balance sheet date. Such advances are reclassified from Other non-current assets to Other current assets in later periods depending on the expected date of their realization.
Schedule of the Activity in the Allowance for Doubtful Accounts Related to Long-Term Receivables from Brazilian Farmers
The table below summarizes the activity in the allowance for doubtful accounts related to long-term receivables from farmers in Brazil.
Six Months Ended
June 30,
(US$ in millions)20242023
Allowance as of January 1$31 $36 
Bad debt provisions1 — 
Recoveries (1)
Write-offs — 
Transfers(1)— 
Foreign exchange translation(4)
Allowance as of June 30
$27 $38