XML 33 R26.htm IDEA: XBRL DOCUMENT

Other Liabilities	12 Months Ended
Other Liabilities	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
OTHER LIABILITIES	OTHER LIABILITIES In the fourth quarter of 2016, we obtained voting control interests in legal Onshore/Offshore contract entities which own and account for the design, engineering and construction of the Yamal LNG plant. As part of this transaction, we recognized the fair value of the mandatorily redeemable financial liability. A mandatorily redeemable financial liability of $268.8 million and $408.5 million was recognized as of December 31, 2019 and 2018, respectively, to account for the fair value of the non-controlling interests, for which $129.1 million and $173.0 million, respectively, was recorded as other current liabilities. During the year ended December 31, 2019 we revalued the liability to reflect current expectations about the obligation which resulted in the recognition of an expense of $423.1 million for the year ended December 31, 2019. Changes in the fair value of the financial liability are recorded as interest expense on the consolidated statements of income. Refer to Note 10 for further information regarding our other current liabilities. Refer to Note 25 for further information regarding the fair value measurement assumptions of the mandatorily redeemable financial liability and related changes in its fair value.