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Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2018
Derivatives and Hedging  
Schedule of foreign exchange forward contracts to hedge exposure arising from expected foreign currency denominated cash flows

 

 

 

 

 

As of December 31, 2018

Derivative instrument

Notional amount

 

Maximum Contract term

Interest rate swaps

1,000

 

3.3 years

Foreign exchange forward contracts

 —

 

 —

Purchase contracts settled in Canadian dollars:

 

 

 

U.S. dollar

70

 

1.8 years

Euro

10

 

2.3 years

GBP

 3

 

0.5 years

Sales contracts settled in Canadian dollars:

 

 

 

Euro

194

 

3.8 years

Japanese Yen

35

 

2.6 years

GBP

 1

 

0.6 years

Purchase contracts settled in U.S. dollars:

 

 

 

Euro

10

 

0.3 years

Japanese Yen

177

 

0.2 years

Sales contracts settled in Canadian dollars:

 

 

 

Euro
20

 

0.5 years

Japanese Yen
177

 

0.2 years

 

 

 

 

 

 

As of December 31, 2017

Derivative instrument

Notional amount

 

Maximum Contract term

Interest rate swaps

 —

 

 —

Foreign exchange forward contracts

 —

 

 —

Purchase contracts settled in Canadian dollars:

 

 

 

U.S. dollar

165

 

2.8 years

Euro

16

 

2.7 years

GBP

 2

 

1.0 years

Sales contracts settled in Canadian dollars:

 

 

 

Euro

312

 

3.0 years

Japanese Yen

26

 

3.1 years

GBP

 2

 

1.0 years

Purchase contracts settled in U.S. dollars:

 

 

 

Euro

32

 

1.3 years

Japanese Yen

2,231

 

1.2 years

Sales contracts settled in Canadian dollars:

 

 

 

Euro

58

 

1.3 years

Japanese Yen

1,116

 

1.2 years

 

Schedule of derivative instruments on earnings and other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2018

 

 

Effective portion of gains and losses included in other comprehensive income

 

Effective portion of gains and losses reclassified to earnings

 

 

Gains and loss included in earnings1

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts

 

$

(6)

 

$

 —

 

 

$

(2)

 

Interest rate swaps

 

 

(4)

 

 

 —

 

 

 

 —

 

Embedded derivatives

 

 

 —

 

 

 —

 

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not qualified for hedging accounting:

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts

 

 

 —

 

 

 —

 

 

 

 —

 

Interest rate swaps

 

 

 —

 

 

 —

 

 

 

 —

 

Embedded derivatives

 

 

 —

 

 

 —

 

 

 

 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2017

 

 

Effective portion of gains and losses included in other comprehensive income

 

Effective portion of gains and losses reclassified to earnings

 

 

Gains and loss included in earnings1

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts

 

$

(3)

 

$

 —

 

 

$

(1)

 

Interest rate swaps

 

 

 —

 

 

 —

 

 

 

 —

 

Embedded derivatives

 

 

 —

 

 

 —

 

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not qualified for hedging accounting:

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts

 

 

 —

 

 

 —

 

 

 

 5

 

Interest rate swaps

 

 

 —

 

 

 —

 

 

 

 —

 

Embedded derivatives

 

 

 —

 

 

 —

 

 

 

(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2016

 

 

Effective portion of gains and losses included in other comprehensive income

 

Effective portion of gains and losses reclassified to earnings

 

 

Gains and loss included in earnings1

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts

 

$

(8)

 

$

(1)

 

 

$

(5)

 

Interest rate swaps

 

 

 —

 

 

 —

 

 

 

 —

 

Embedded derivatives

 

 

 —

 

 

 —

 

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not qualified for hedging accounting:

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts

 

 

 —

 

 

 —

 

 

 

 1

 

Interest rate swaps

 

 

 —

 

 

 —

 

 

 

 —

 

Embedded derivatives

 

 

 —

 

 

 —

 

 

 

(3)

 

 

1Includes gains and losses related to the ineffective portion of the Company’s cash flow hedges, and derivatives not qualified for hedge accounting