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v3.19.1

FAIR VALUE MEASUREMENT (Tables) | 12 Months Ended
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Dec. 31, 2018
FAIR VALUE MEASUREMENT |
Assets (liabilities) measured at fair value on a recurring basis | . Assets (liabilities) measured at fair value on a recurring basis as at December 31, 2018 include:
|  |  |  |  |  |  |  |  |  |  | Aggregate
|  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value
Equity investments at FVOCI |  | $ | 155.9 |  | $ | — |  | $ | — |  | $ | 155.9
Derivative contracts: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward and collar contracts |  |  | — |  |  | (21.8) |  |  | — |  |  | (21.8)
Energy swap contracts |  |  | — |  |  | (8.6) |  |  | — |  |  | (8.6)
Total return swap contracts |  |  | — |  |  | 3.2 |  |  | — |  |  | 3.2
|  | $ | 155.9 |  | $ | (27.2) |  | $ | — |  | $ | 128.7
Summary of information about derivative contracts outstanding |
|  | December 31, 2018 |  | December 31, 2017
|  | Asset / (Liability) |  |  |  |  | Asset / (Liability) |  |  |
|  | Fair Value |  | AOCI |  | Fair Value |  | AOCI
Currency contracts |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward and collar contracts (a) (i) |  | $ | (21.8) |  | $ | (15.8) |  | $ | 6.1 |  | $ | 4.4
Commodity contracts |  |  |  |  |  |  |  |  |  |  |  |
Energy swap contracts (b) (ii) |  |  | (8.6) |  |  | (7.5) |  |  | 12.9 |  |  | 9.8
Other contracts |  |  |  |  |  |  |  |  |  |  |  |
Total return swap contracts (iii) |  |  | 3.2 |  |  | — |  |  | 0.6 |  |  | —
Total all contracts |  | $ | (27.2) |  | $ | (23.3) |  | $ | 19.6 |  | $ | 14.2
Unrealized fair value of derivative assets |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 3.8 |  |  |  |  | $ | 17.0 |  |  |
Non-current |  |  | 0.8 |  |  |  |  |  | 3.9 |  |  |
|  | $ | 4.6 |  |  |  |  | $ | 20.9 |  |  |
Unrealized fair value of derivative liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | (22.2) |  |  |  |  | $ | (1.1) |  |  |
Non-current |  |  | (9.6) |  |  |  |  |  | (0.2) |  |  |
|  | $ | (31.8) |  |  |  |  | $ | (1.3) |  |  |
Total net fair value |  | $ | (27.2) |  |  |  |  | $ | 19.6 |  |  |
| (a) |  | Of the total amount recorded in AOCI at December 31, 2018, $(13.3) million will be reclassified to net earnings within the next 12 months as a result of settling the contracts.
| (b) |  | Of the total amount recorded in AOCI at December 31, 2018, $(2.9) million will be reclassified to net earnings within the next 12 months as a result of settling the contracts.
Summary of foreign currency forward and collar contracts outstanding |
Foreign currency |  | 2019 |  | 2020 |  | 2021
Brazilian real forward buy contracts (in millions of U.S. dollars) |  | $ | 36.0 |  | $ | — |  | $ | —
Average price (Brazilian reais) |  |  | 3.66 |  |  | — |  |  | —
Brazilian real zero cost collar contracts (in millions of U.S. dollars) |  | $ | 134.4 |  | $ | 95.6 |  | $ | 12.4
Average put strike (Brazilian reais) |  |  | 3.45 |  |  | 3.73 |  |  | 4.10
Average call strike (Brazilian reais) |  |  | 3.75 |  |  | 4.18 |  |  | 5.10
Canadian dollar forward buy contracts (in millions of U.S. dollars) |  | $ | 58.5 |  | $ | 14.4 |  | $ | —
Average rate (Canadian dollars) |  |  | 1.28 |  |  | 1.31 |  |  | —
Russian rouble zero cost collar contracts (in millions of U.S. dollars) |  | $ | 54.0 |  | $ | 13.5 |  | $ | —
Average put strike (Russian roubles) |  |  | 58.9 |  |  | 65.0 |  |  | —
Average call strike (Russian roubles) |  |  | 69.6 |  |  | 78.4 |  |  | —
Summary of energy swap contracts outstanding |
Energy |  | 2019 |  | 2020 |  | 2021
WTI oil swap contracts (barrels) |  |  | 864,451 |  |  | 590,400 |  |  | 174,000
Average price (U.S. dollars) |  | $ | 51.73 |  | $ | 56.21 |  | $ | 58.84

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