XML 69 R48.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Accounts and Notes Receivable, Net (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Receivables [Abstract] |
Schedule of Accounts and Notes Receivable |
(In millions) | December 31, 2023 | December 31, 2022
Accounts receivable – trade 1 | $ | 4,210 |  | $ | 4,168 |
Notes receivable – trade 1,2 | 119 |  | 93 |
Other 3 | 1,159 |  | 1,440 |
Total accounts and notes receivable - net | $ | 5,488 |  | $ | 5,701 |
1.Accounts and notes receivable – trade are net of allowances of $205 million and $194 million at December 31, 2023 and 2022, respectively. 2.Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed and crop protection 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 December 31, 2023 and 2022, there were no 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 5 percent of total current assets. In addition, Other includes amounts due from nonconsolidated affiliates of $131 million and $148 million as of December 31, 2023 and 2022, respectively.
Accounts Receivable, Allowance for Credit Loss |
(In millions)
Balance at December 31, 2021 | $ | 210 |
Net provision for credit losses | (13) |
Other - net of write-offs charged against allowance | (3) |
Balance at December 31, 2022 | $ | 194 |
Net provision for credit losses | 11 |
Other - net of write-offs charged against allowance | — |
Balance at December 31, 2023 | $ | 205 |

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration