Accounts and Notes Receivable (Tables)

6 Months Ended

Jun. 30, 2019

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]



(In millions)	June 30, 2019		December 31, 2018		June 30, 2018
Accounts receivable – trade¹	$	4,811	$	3,649	$	4,261
Notes receivable – trade²	1,291		194		1,625
Other³	1,332		1,417		1,445
Total accounts and notes receivable - net	$	7,434	$	5,260	$	7,331


^1.	Accounts receivable – trade is net of allowances of $152 million at June 30, 2019, $127 million at December 31, 2018, and $80 million at June 30, 2018. Allowances are equal to the estimated uncollectible amounts. That estimate is based on historical collection experience, current economic and market conditions, and review of the current status of customers' accounts.

^2.

Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed products to customers. These loans have terms of one year or less and are primarily concentrated in North America. The company maintains a rigid pre-approval process for extending credit to customers in order to manage overall risk and exposure associated with credit losses. As of June 30, 2019, December 31, 2018, and June 30, 2018 there were no significant past due notes receivable, nor were there any significant impairments related to current loan agreements.

^3.

Other includes receivables in relation to indemnification assets, value added tax, general sales tax and other taxes. No individual group represents more than 10 percent of total receivables.