FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018		As at December 31, 2017
Cash and equivalents		$1,571		$2,234
Accounts receivable	248		239
Net derivative assets by counterparty	2		2
		$1,821		$2,475

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, 2018
(in $ millions)	Less than 1 year		1 to 3 years		3 to 5 years		Over 5 years		Total
Cash and equivalents		$1,571		$—		$—		$—		$1,571
Accounts receivable	248		—		—		—		248
Derivative assets	2		1		—		—		3
Trade and other payables	1,101		—		—		—		1,101
Debt	43		275		339		5,110		5,767
Derivative liabilities	3		—		—		—		3
Other liabilities	59		80		21		137		297
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		67		4		151		252