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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Interest Rate And Cross Currency Derivatives By Type Table The following tables present the Company’s maximum notional (in millions) over the remaining contractual period by type of derivative as of March 31, 2020, regardless of whether they are in qualifying cash flow hedging relationships, and the dates through which the maturities for each type of derivative range:
Interest Rate and Foreign Currency Derivatives
 
Maximum Notional Translated to USD
 
Latest Maturity
Interest rate (LIBOR and EURIBOR)
 
$
6,217

 
2047
Cross-currency swaps (Chilean Unidad de Fomento and Chilean peso)
 
228

 
2029
Foreign Currency:
 
 
 
 
Argentine peso
 
27

 
2026
Chilean peso
 
165

 
2022
Colombian peso
 
131

 
2022
Mexican Peso
 
196

 
2020
Others, primarily with weighted average remaining maturities of a year or less
 
84

 
2022
Commodity Derivatives
 
Maximum Notional
 
Latest Maturity
Natural Gas (in MMBtu)
 
79

 
2020
Power (in MWhs)
 
9

 
2024
Coal (in Tons or Metric Tons)
 
10

 
2027
Derivative Assets Liabilities At Fair Value Net By Balance Sheet Classification And Type Table The following tables present the fair value of assets and liabilities related to the Company’s derivative instruments as of the periods indicated (in millions):
Fair Value
March 31, 2020
 
December 31, 2019
Assets
Designated
 
Not Designated
 
Total
 
Designated
 
Not Designated
 
Total
Interest rate derivatives
$
1

 
$
—

 
$
1

 
$
31

 
$
—

 
$
31

Foreign currency derivatives
37

 
87

 
124

 
31

 
79

 
110

Commodity derivatives
—

 
60

 
60

 
—

 
30

 
30

Total assets
$
38

 
$
147

 
$
185

 
$
62

 
$
109

 
$
171

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Interest rate derivatives
$
774

 
$
4

 
$
778

 
$
323

 
$
5

 
$
328

Cross-currency derivatives
59

 
—

 
59

 
21

 
—

 
21

Foreign currency derivatives
34

 
18

 
52

 
22

 
22

 
44

Commodity derivatives
1

 
46

 
47

 
2

 
29

 
31

Total liabilities
$
868

 
$
68

 
$
936

 
$
368

 
$
56

 
$
424

 
March 31, 2020
 
December 31, 2019
Fair Value
Assets
 
Liabilities
 
Assets
 
Liabilities
Current
$
104

 
$
378

 
$
72

 
$
126

Noncurrent
81

 
558

 
99

 
298

Total
$
185

 
$
936

 
$
171

 
$
424


Credit Risk-Related Contingent Features (1)
March 31, 2020
Present value of liabilities subject to collateralization
$
22

Cash collateral held by third parties or in escrow
22
Gain Loss In Earnings On Ineffective Portion Of Qualifying Cash Flow Hedges Table The following table presents the pre-tax gains (losses) recognized in AOCL and earnings related to all derivative instruments for the periods indicated (in millions):
 
Three Months Ended March 31,
2020
 
2019
Cash flow hedges
 
 
 
Gains (losses) recognized in AOCL
 
 
 
Interest rate derivatives
$
(487
)
 
$
(94
)
Equity in earnings
(43
)
 
—

Cross-currency derivatives
(39
)
 
5

Foreign currency derivatives
(12
)
 
3

Total
$
(581
)
 
$
(86
)
Gains (losses) reclassified from AOCL into earnings
 
 
 
Interest rate derivatives
$
(15
)
 
$
(8
)
Cross-currency derivatives
(17
)
 
7

Foreign currency derivatives
(8
)
 
(11
)
Total
$
(40
)

$
(12
)
Gains (losses) recognized in earnings related to
 
 
 
Not designated as hedging instruments:
 
 
 
Interest rate derivatives
$
—

 
$
(2
)
Foreign currency derivatives
40

 
(5
)
Commodity derivatives and other
6

 
2

Total
$
46

 
$
(5
)