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SIGNIFICANT TRANSACTIONS - Joint Ventures (Details) € in Millions, $ in Millions |  |  | 12 Months Ended |
--- | --- | --- | --- | ---
Nov. 05, 2016 USD ($) | Aug. 06, 2015 | Dec. 31, 2017 | Dec. 31, 2016 USD ($) | Dec. 31, 2015 USD ($) | Nov. 05, 2016 EUR (€) | Nov. 05, 2016 USD ($)
Effect of the disposal of Italy |  |  |  |  |  |  |
Gain on disposal of discontinued operations, net of tax |  |  |  | $ 1,788 |  |  |
Financial information related to discontinued operations |  |  |  |  |  |  |
Profit after tax for the period from discontinued operations |  |  |  | 920 | $ 262 |  |
Italy Disposal |  |  |  |  |  |  |
Key assumptions used in the discounted cash flow model |  |  |  |  |  |  |
Discount rate (functional currency) | 6.90% |  |  |  |  |  |
Average annual revenue growth rate during forecast period (functional currency) | (2.30%) |  |  |  |  |  |
Terminal growth rate | 0.50% |  |  |  |  |  |
Average operating (EBITDA) margin during forecast period | 35.70% |  |  |  |  |  |
Average capital expenditure as a percentage of revenue | 21.00% |  |  |  |  |  |
Effect of the disposal of Italy |  |  |  |  |  |  |
Fair value of investment in joint venture |  |  |  |  |  |  | $ 2,113
Cash consideration receivable |  |  |  |  |  |  | 28
Total Disposal Consideration | $ 2,141 |  |  |  |  |  |
Derecognition of assets classified as held for sale | (15,974) |  |  |  |  |  |
Derecognition of liabilities classified as held for sale | 15,414 |  |  |  |  |  |
Release cumulative other comprehensive income related to Italy | 207 |  |  |  |  |  |
Gain on disposal of discontinued operations, net of tax | $ 1,788 |  |  |  |  |  |
Financial information related to discontinued operations |  |  |  |  |  |  |
Total operating revenues |  |  |  | 4,135 | 4,913 |  |
Total operating expenses |  |  |  | (2,556) | (3,765) |  |
Operating profit |  |  |  | 1,579 | 1,148 |  |
Other (expenses) / income |  |  |  | (217) | (722) |  |
Profit / (loss) before tax |  |  |  | 1,362 | 426 |  |
Income tax (expense) / benefit |  |  |  | (442) | (164) |  |
Profit after tax for the period from discontinued operations |  |  |  | $ 920 | $ 262 |  |
HET |  |  |  |  |  |  |
Joint Venture in Italy |  |  |  |  |  |  |
Percentage of interest in subsidiary |  | 100.00% |  |  |  |  |
Italy Joint Venture |  |  |  |  |  |  |
Joint Venture in Italy |  |  |  |  |  |  |
Ownership interest in joint venture (in percentage) | 50.00% |  | 50.00% | 50.00% |  |  |
Effect of the disposal of Italy |  |  |  |  |  |  |
Fair value of investment in joint venture |  |  |  |  |  | € 1,897 | $ 2,113

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