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FINANCIAL LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2017
Financial Instruments [Abstract]  
Disclosure of financial liabilities
The following table provides the break down of financial instruments and their associated financial instrument classifications as at December 31, 2017:
US$ MILLIONS
 
FVTPL
 
Available for
sale securities
 
Loans and
Receivables/
Other Liabilities
 
 
Financial Instrument Classification
 
(Fair Value)
 
(Fair Value
through OCI)
 
(Amortized Cost)
 
Total
MEASUREMENT BASIS
 
 
 
 
 
 
 
 
Financial assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
—

 
$
—

 
$
374

 
$
374

Accounts receivable and other
 
—

 
—

 
838

 
838

Financial assets (current and non-current)(1)
 
608

 
57

 
172

 
837

Marketable securities
 
—

 
85

 
—

 
85

Total
 
$
608

 
$
142

 
$
1,384

 
$
2,134

 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
Corporate borrowings
 
$
—

 
$
—

 
$
2,101

 
$
2,101

Non-recourse borrowings (current and non-current)
 
—

 
—

 
8,063

 
8,063

Accounts payable and other
 
—

 
—

 
864

 
864

Preferred shares(2)
 
—

 
—

 
20

 
20

Financial liabilities (current and non-current)(1)
 
440

 
—

 
873

 
1,313

Total
 
$
440

 
$
—

 
$
11,921

 
$
12,361

 
(1)
Derivative instruments which are elected for hedge accounting totaling $464 million are included in Financial assets and $146 million of derivative instruments are included in Financial liabilities.
(2)
$20 million of preferred shares issued to wholly-owned subsidiaries of Brookfield.
The following table provides the break down of financial instruments and their associated financial instrument classifications as at December 31, 2016:
US$ MILLIONS
 
FVTPL
 
Available for
sale securities
 
Loans and
Receivables/
Other Liabilities
 
 
Financial Instrument Classification
 
(Fair Value)
 
(Fair Value
through OCI)
 
(Amortized Cost)
 
Total
MEASUREMENT BASIS
 
 
 
 
 
 
 
 
Financial assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
—

 
$
—

 
$
786

 
$
786

Accounts receivable and other
 
—

 
—

 
485

 
485

Financial assets (current and non-current)(1)
 
893

 
12

 
233

 
1,138

Marketable securities
 
—

 
3

 
—

 
3

Total
 
$
893

 
$
15

 
$
1,504

 
$
2,412

 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
Corporate borrowings
 
$
—

 
$
—

 
$
1,002

 
$
1,002

Non-recourse borrowings (current and non-current)
 
—

 
—

 
7,324

 
7,324

Accounts payable and other
 
—

 
—

 
712

 
712

Preferred shares(2)
 
—

 
—

 
20

 
20

Financial liabilities (current and non-current)(1)
 
381

 
—

 
—

 
381

Total
 
$
381

 
$
—

 
$
9,058

 
$
9,439

 
(1)
Derivative instruments which are elected for hedge accounting totaling $722 million are included in Financial assets and $185 million of derivative instruments are included in Financial liabilities.
(2)
$20 million of preferred shares issued to wholly-owned subsidiaries of Brookfield.
US$ MILLIONS
 
2017
 
2016
Current:
 
 
 
 
Foreign currency forward contracts
 
$
150

 
$
47

Other financial liabilities
 
87

 
182

Total current financial liabilities
 
$
237

 
$
229

 
 
 
 
 
Non-current:
 
 
 
 
Interest rate swaps
 
$
9

 
$
34

Inflation swaps
 
84

 
97

Deferred consideration(1)
 
916

 
—

Other financial liabilities
 
67

 
21

Total non-current financial liabilities
 
$
1,076

 
$
152


 
(1)
The deferred consideration is related to the acquisitions completed during 2017. See Note 5, Acquisition of Businesses for further details.