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Trade receivables
12 Months Ended
Dec. 31, 2019
Subclassifications of assets, liabilities and equities [abstract]  
Trade receivables Trade receivables
The following table provides details related to Trade receivables as of December 31, 2019 and 2018:
($ millions)
2019

 
2018

Total gross trade receivables
1,438

 
1,307

Provisions for doubtful trade receivables
(48
)
 
(54
)
Total trade receivables, net
1,390

 
1,253


The following table summarizes the movement in the provision for doubtful trade receivables:
($ millions)
2019

 
2018

 
2017

January 1
(54
)
 
(77
)
 
(55
)
Transfers with former parent

 
4

 

Provisions for doubtful trade receivables charged to the consolidated income statement
(17
)
 
(17
)
 
(28
)
Utilization of provisions for doubtful trade receivables
7

 
16

 
2

Reversal of provisions for doubtful trade receivables
15

 
16

 
6

Currency translation effects
1

 
4

 
(2
)
December 31
(48
)
 
(54
)
 
(77
)

The following sets forth the trade receivables that are not overdue as specified in the payment terms and conditions established with Alcon's customers, as well as an analysis of overdue amounts and related provisions for doubtful trade receivables:
($ millions)
2019

 
2018

Not overdue
1,135

 
1,018

Past due for not more than one month
118

 
118

Past due for more than one month but less than three months
81

 
70

Past due for more than three months but less than six months
47

 
34

Past due for more than six months but less than one year
21

 
20

Past due for more than one year
36

 
47

Provisions for doubtful trade receivables
(48
)
 
(54
)
Total trade receivables, net
1,390

 
1,253


Trade receivable balances include sales to wholesalers, retailers, doctor groups, private health systems, government agencies, pharmacy benefit managers and government-supported healthcare systems.
We consider our doubtful debt provisions to be adequate. The majority of the outstanding trade receivables from Greece, Italy, Portugal, Spain, Brazil, Russia, Turkey, Saudi Arabia, and Argentina (the closely monitored countries) are due directly from local governments or from government-funded entities except for Russia, Brazil, and Turkey. We evaluate trade receivables in these countries for potential collection risk. Should there be a substantial deterioration in our economic exposure with respect to those countries, we may increase our level of provisions by updating our expected loss provision or may change the terms of trade on which we operate.
The following table shows the gross trade receivables balance from these closely monitored countries as of December 31, 2019 and 2018, the amounts that are past due for more than one year and the related amount of the provisions for doubtful trade receivables that have been recorded:
($ millions)
2019

 
2018

Total balance of gross trade receivables from closely monitored countries
209

 
216

Past due for more than one year
10

 
14

Provisions for doubtful trade receivables
(13
)
 
(16
)

Trade receivables include amounts denominated in the following major currencies:
($ millions)
2019

 
2018

US dollar (USD)
463

 
449

Euro (EUR)
243

 
215

Japanese yen (JPY)
168

 
152

Chinese yuan (CNY)
102

 
74

Indian rupee (INR)
33

 
34

Canadian dollar (CAD)
30

 
30

Australian dollar (AUD)
29

 
27

British pound (GBP)
24

 
25

Russian ruble (RUB)
34

 
24

South Korean won (KRW)
29

 
23

Other currencies
235

 
200

Total trade receivables, net
1,390

 
1,253