FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2017

The Company’s maximum exposure to credit risk at the reporting date is the carrying value of each of the financial assets disclosed as follows:



	As at December 31, 2017		As at December 31, 2016
Cash and equivalents		$2,234		$2,389
Accounts receivable	239		249
Net derivative assets by counterparty	2		1
		$2,475		$2,639

Expected maturity of significant financial assets and liabilities

The following table outlines the expected maturity of our significant financial assets and liabilities into relevant maturity groupings based on the remaining period from the balance sheet date to the contractual maturity date. As the amounts presented in the table are the contractual undiscounted cash flows, these balances may not agree with the amounts disclosed in the balance sheet.



As at December 31, 2017
(in $ millions)	Less than 1 year		1 to 3 years		3 to 5 years		Over 5 years		Total
Cash and equivalents		$2,234		$—		$—		$—		$2,234
Accounts receivable	239		—		—		—		239
Derivative assets	2		1		—		—		3
Trade and other payables	1,059		—		—		—		1,059
Debt	59		311		975		5,111		6,456
Derivative liabilities	30		2		—		—		32
Other liabilities	30		231		64		186		511
As at December 31, 2016
(in $ millions)	Less than 1 year		1 to 3 years		3 to 5 years		Over 5 years		Total
Cash and equivalents		$2,389		$—		$—		$—		$2,389
Accounts receivable	249		—		—		—		249
Derivative assets	1		1		—		—		2
Trade and other payables	1,084		—		—		—		1,084
Debt	143		533		997		6,316		7,989
Derivative liabilities	51		27		—		—		78
Other liabilities	42		51		3		120		216