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Credit Facilities, Long-Term Debt, and Finance Lease Obligations (Tables)
 12 Months Ended
Dec. 31, 2018
Subclassifications of assets, liabilities and equities [abstract]  
Disclosure of borrowings outstanding
The amounts outstanding are as follows:
As at Dec. 31
2018
2017
 
Carrying
value

Face
value

Interest(1)

Carrying
value

Face
value

Interest(1)

Credit facilities(2)
339

339

3.8
%
27

27

2.8
%
Debentures
647

651

5.8
%
1,046

1,051

6.0
%
Senior notes(3)
943

955

5.4
%
1,499

1,510

6.0
%
Non-recourse(4)
1,236

1,250

4.4
%
1,022

1,032

4.3
%
Other(5)
39

39

9.2
%
44

44

9.2
%
 
3,204

3,234

 

3,638

3,664

 

Finance lease obligations
63

 

 

69

 

 

 
3,267

 

 

3,707

 

 

Less: current portion of long-term debt
(130
)
 

 

(729
)
 

 

Less: current portion of finance lease obligations
(18
)
 

 

(18
)
 

 

Total current long-term debt and finance lease obligations
(148
)
 

 

(747
)
 

 

Total credit facilities, long-term debt and finance lease obligations
3,119

 

 

2,960

 

 

 
(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, 2018 - US$0.7 billion (Dec. 31, 2017 - US$1.2 billion).
(4) Includes US$1 million at Dec. 31, 2018 (Dec. 31, 2017 - US$27 million).
(5) Includes US$21 million at Dec. 31, 2018 (Dec. 31, 2017 - US$24 million) of tax equity financing.
Disclosure of principal repayments
 
2019

2020

2021

2022

2023

2024 and thereafter

Total

Principal repayments(1)
130

486

91

947

141

1,439

3,234

 
(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
2018
2017
 
Minimum
lease
payments

Present value of
minimum lease
payments

Minimum
lease
payments

Present value of
minimum lease
payments

Within one year
21

20

20

20

Second to fifth years inclusive
39

35

43

38

More than five years
10

8

15

11

 
70

63

78

69

Less: interest costs
7

—

9

—

Total finance lease obligations
63

63

69

69

 
 
 
 
 
Included in the Consolidated Statements of Financial Position as:
 

 

 

Current portion of finance lease obligations
18

 

18

 

Long-term portion of finance lease obligations
45

 

51

 

 
63

 

69