XML 88 R62.htm IDEA: XBRL DOCUMENT
v3.20.4

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT |
Summary of changes in the fair value of non designated derivatives |
($ millions) |  | 2020 |  | 2019 |  |
Fair value outstanding, beginning of year |  | (39 | ) | 60 |  |
| Cash Settlements – received during the year |  | (257 | ) | (254 | ) |
| Changes in fair value recognized in earnings during the year (note 7) |  | 175 |  | 155 |  |
Fair value outstanding, end of year |  | (121 | ) | (39 | ) |
Summary of derivative financial instrument assets and liabilities and assets available for sale measured at fair value |
($ millions) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value |  |
| Accounts receivable |  | 33 |  | 61 |  | — |  | 94 |  |
| Accounts payable |  | (66 | ) | (67 | ) | — |  | (133 | ) |
Balance at December 31, 2019 |  | (33 | ) | (6 | ) | — |  | (39 | ) |
| Accounts receivable |  | 63 |  | 90 |  | — |  | 153 |  |
| Accounts payable |  | (202 | ) | (72 | ) | — |  | (274 | ) |
Balance at December 31, 2020 |  | (139 | ) | 18 |  | — |  | (121 | ) |
Summary of offsetting financial assets |
($ millions) |  | Gross Assets |  | Gross Liabilities Offset |  | Net Amounts Presented |
Fair value of derivative assets |  | 1 737 |  | (1 643 | ) | 94 |
Accounts receivable |  | 2 860 |  | (1 289 | ) | 1 571 |
Balance at December 31, 2019 |  | 4 597 |  | (2 932 | ) | 1 665 |
Fair value of derivative assets |  | 2 890 |  | (2 737 | ) | 153 |
Accounts receivable |  | 2 999 |  | (1 398 | ) | 1 601 |
Balance at December 31, 2020 |  | 5 889 |  | (4 135 | ) | 1 754 |
Summary of offsetting financial liabilities |
($ millions) |  | Gross Liabilities |  | Gross Assets Offset |  | Net Amounts Presented |  |
Fair value of derivative liabilities |  | (1 776 | ) | 1 643 |  | (133 | ) |
Accounts payable |  | (2 532 | ) | 1 289 |  | (1 243 | ) |
Balance at December 31, 2019 |  | (4 308 | ) | 2 932 |  | (1 376 | ) |
Fair value of derivative liabilities |  | (3 011 | ) | 2 737 |  | (274 | ) |
Accounts payable |  | (2 385 | ) | 1 398 |  | (987 | ) |
Balance at December 31, 2020 |  | (5 396 | ) | 4 135 |  | (1 261 | ) |
Timing of cash outflows related to trade and other payables and debt |
|  | December 31, 2019 |
($ millions) |  | Trade and Other Payables(1) |  | Gross Derivative Liabilities(2) |  | Debt(3) |  | Lease Liabilities |
Within one year |  | 6 422 |  | 1 568 |  | 2 877 |  | 470 |
2 to 3 years |  | 39 |  | 208 |  | 2 991 |  | 796 |
4 to 5 years |  | 40 |  | — |  | 2 220 |  | 616 |
Over 5 years |  | — |  | — |  | 17 183 |  | 2 960 |
|  | 6 501 |  | 1 776 |  | 25 271 |  | 4 842 |
|  | December 31, 2020 |
($ millions) |  | Trade and Other Payables(1) |  | Gross Derivative Liabilities(2) |  | Debt(3) |  | Lease Liabilities |
Within one year |  | 4 410 |  | 2 849 |  | 5 773 |  | 474 |
2 to 3 years |  | 37 |  | 162 |  | 2 233 |  | 771 |
4 to 5 years |  | 37 |  | — |  | 3 009 |  | 631 |
Over 5 years |  | — |  | — |  | 17 834 |  | 2 779 |
|  | 4 484 |  | 3 011 |  | 28 849 |  | 4 655 |
(1) | Trade and other payables exclude net derivative liabilities of $274 million (2019 – $133 million).
(2) | Gross derivative liabilities of $3 011 million (2019 – $1 776 million) are offset by gross derivative assets of $2 737 million (2019 – $1 643 million), resulting in a net amount of $274 million (2019 – $133 million).
(3) | Debt includes short-term debt, long-term debt and interest payments on fixed-term debt and commercial paper.

X
- Definition The disclosure of detailed information about financial instruments. [Refer: Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 31 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_31&doctype=Standard -URIDate 2020-01-01 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_7&doctype=Standard -URIDate 2020-01-01 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 35K -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_35K&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the fair value of financial instruments. [Refer: Financial instruments, class [member]; At fair value [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfFinancialInstrumentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the offsetting of financial assets. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 13C -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_13C&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the offsetting of financial liabilities. [Refer: Financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 13C -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_13C&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. [Refer: Derivative financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 39 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_39_a&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration