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Credit Facilities, Long-Term Debt, and Finance Lease Obligations (Tables)
 12 Months Ended
Dec. 31, 2017
Subclassifications of assets, liabilities and equities [abstract]  
Disclosure of borrowings outstanding
The amounts outstanding are as follows:
As at Dec. 31
2017
2016
 
Carrying
value

Face
value

Interest(1)

Carrying
value

Face
value

Interest(1)

Credit facilities(2)
27

27

2.8
%
—

—

—
%
Debentures
1,046

1,051

6.0
%
1,045

1,051

6.0
%
Senior notes(3)
1,499

1,510

6.0
%
2,151

2,158

5.0
%
Non-recourse(4)
1,022

1,032

4.3
%
1,038

1,048

4.5
%
Other(5)
44

44

9.2
%
54

54

9.2
%
 
3,638

3,664

 

4,288

4,311

 

Finance lease obligations
69

 

 

73

 

 

 
3,707

 

 

4,361

 

 

Less: current portion of long-term debt
(729
)
 

 

(623
)
 

 

Less: current portion of finance lease obligations
(18
)
 

 

(16
)
 

 

Total current long-term debt and finance lease obligations
(747
)
 

 

(639
)
 

 

Total credit facilities, long-term debt, and finance lease obligations
2,960

 

 

3,722

 

 

 
(1) Interest is an average rate weighted by principal amounts outstanding before the effect of hedging.
(2) Composed of bankers’ acceptances and other commercial borrowings under long-term committed credit facilities.
(3) US face value at Dec. 31, 2017 - US$1.2 billion (Dec. 31, 2016 - US$1.6 billion).
(4) Includes US$27 million at Dec. 31, 2017 (Dec. 31, 2016 - US$53 million).
(5) Includes US$24 million at Dec. 31, 2017 (Dec. 31, 2016 - US$29 million) of tax equity financing.
Disclosure of principal repayments
 
2018

2019

2020

2021

2022

2023 and thereafter

Total

Principal repayments(1)
730

469

472

100

581

1,312

3,664

 
(1) Excludes impact of derivatives.
Disclosure of amounts payable for mining assets and other finance leases
Amounts payable for mining assets and other finance leases are as follows:
As at Dec. 31
2017
2016
 
Minimum
lease
payments

Present value of
minimum lease
payments

Minimum
lease
payments

Present value of
minimum lease
payments

Within one year
20

20

19

19

Second to fifth years inclusive
43

38

44

39

More than five years
15

11

21

15

 
78

69

84

73

Less: interest costs
9

—

11

—

Total finance lease obligations
69

69

73

73

 
 
 
 
 
Included in the Consolidated Statements of Financial Position as:
 

 

 

Current portion of finance lease obligations
18

 

16

 

Long-term portion of finance lease obligations
51

 

57

 

 
69

 

73