v3.7.0.1
TRADE STRUCTURED FINANCE PROGRAM (Tables)
 3 Months Ended
Mar. 31, 2017
TRADE STRUCTURED FINANCE PROGRAM  
Summary of assets and liabilities related to the trade structured finance program

 

 

March 31,

 

December 31,

 

(US$ in millions)

 

2017

 

2016

 

Current assets:

 

 

 

 

 

Carrying value of time deposits

 

$
26

 

$
64

 

 

 

 

 

 

 

 

 

Fair value (Level 2 measurement) of time deposits

 

$
26

 

$
64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current assets:

 

 

 

 

 

Carrying value of time deposits

 

$
464

 

$
464

 

 

 

 

 

 

 

 

 

Fair value (Level 2 measurement) of time deposits

 

$
464

 

$
464

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

Carrying value of letters of credit obligations and foreign exchange contracts

 

$
490

 

$
528

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value (Level 2 measurement) of letters of credit obligations

 

$
489

 

$
528

 

Fair value (Level 2 measurement) of foreign exchange forward contracts-(gains) losses

 
1

 

—

 

 

 

 

 

 

 

Total fair value (Level 2 measurement) of letters of credit obligations and foreign exchange contracts

 

$
490

 

$
528