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Assets and Liabilities with Recurring Fair Value Measurements (Details) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure [1] $ 784 $ 168
Derivative Asset [2] 402 302
Effect of Netting and Allocation of Collateral, Asset [3],[4] (1,021) (1,221)
Margin Deposit Assets [5] 432 343
Assets, Fair Value Disclosure 1,186 470
Derivative Liability [2] 288 443
Effect of Netting and Allocation of Collateral, Liability [3],[4] (1,135) (1,268)
Margin deposits posted with us by our counterparties [5],[6] 127 52
Liabilities, Fair Value Disclosure 288 443
Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure [1] 784 168
Effect of Netting and Allocation of Collateral, Asset [3],[4] (872) (933)
Assets, Fair Value Disclosure 784 168
Effect of Netting and Allocation of Collateral, Liability [3],[4] (984) (932)
Liabilities, Fair Value Disclosure 0 0
Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure [1] 0 0
Effect of Netting and Allocation of Collateral, Asset [3],[4] (131) (262)
Assets, Fair Value Disclosure 126 116
Effect of Netting and Allocation of Collateral, Liability [3],[4] (133) (310)
Liabilities, Fair Value Disclosure 183 249
Fair Value, Inputs, Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure [1] 0 0
Effect of Netting and Allocation of Collateral, Asset [3],[4] (18) (26)
Assets, Fair Value Disclosure 276 186
Effect of Netting and Allocation of Collateral, Liability [3],[4] (18) (26)
Liabilities, Fair Value Disclosure 105 194
Forward Contracts [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset [7] 539 550
Derivative Liability [7] 408 769
Forward Contracts [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset [7] 0 0
Derivative Liability [7] 0 0
Forward Contracts [Member] | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset [7] 245 338
Derivative Liability [7] 285 549
Forward Contracts [Member] | Fair Value, Inputs, Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset [7] 294 212
Derivative Liability [7] 123 220
Future [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 872 933
Derivative Liability 984 932
Future [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 872 933
Derivative Liability 984 932
Future [Member] | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 0 0
Derivative Liability 0 0
Future [Member] | Fair Value, Inputs, Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 0 0
Derivative Liability 0 0
Interest Rate Contract [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 12 40
Derivative Liability 31 10
Interest Rate Contract [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 0 0
Derivative Liability 0 0
Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 12 40
Derivative Liability 31 10
Interest Rate Contract [Member] | Fair Value, Inputs, Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 0 0
Derivative Liability $ 0 $ 0
[1] As of December 31, 2019 and 2018, we had cash equivalents of $573 million and $23 million included in cash and cash equivalents and $211 million and $145 million included in restricted cash, respectively.
[2] At December 31, 2019 and 2018, we had $191 million and $244 million of collateral under master netting arrangements that were not offset against our derivative instruments on the Consolidated Balance Sheets primarily related to initial margin requirements.
[3] Cash collateral posted with (received from) counterparties allocated to level 1, level 2 and level 3 derivative instruments totaled $112 million, $2 million and nil, respectively, at December 31, 2019. Cash collateral posted with (received from) counterparties allocated to level 1, level 2 and level 3 derivative instruments totaled $(1) million, $48 million and nil, respectively, at December 31, 2018.
[4] We offset fair value amounts recognized for derivative instruments executed with the same counterparty under a master netting arrangement for financial statement presentation; therefore, amounts recognized for the right to reclaim, or the obligation to return, cash collateral are presented net with the corresponding derivative instrument fair values. See Note 10 for further discussion of our derivative instruments subject to master netting arrangements.
[5] We offset fair value amounts recognized for derivative instruments executed with the same counterparty under a master netting arrangement for financial statement presentation; therefore, amounts recognized for the right to reclaim, or the obligation to return, cash collateral are presented net with the corresponding derivative instrument fair values. See Note 10 for further discussion of our derivative instruments subject to master netting arrangements.
[6] At December 31, 2019 and 2018, $3 million and $32 million, respectively, were included in current and long-term derivative assets and liabilities, $93 million and $20 million, respectively, were included in other current liabilities and $31 million and nil, respectively, were included in other long-term liabilities on our Consolidated Balance Sheets.
[7] Includes OTC swaps and options.