Derivatives, Interest Rate

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Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.

+ References

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The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]

+ References

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- Definition

The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity’s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity’s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]

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- Definition

The gains (losses) resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition

The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.

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FINANCIAL INSTRUMENTS - Other Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disclosure of detailed information about financial instruments [line items]
Fair value of financial assets	$ 7,004		$ 7,004		$ 7,068
Fair value of financial liabilities	(58,228)		(58,228)		(62,406)
Gains (losses) on change in fair value of derivatives	(297)	$ (34)	110	$ 133
Forward starting interest rate swap
Disclosure of detailed information about financial instruments [line items]
Gains (losses) on change in fair value of derivatives	0	$ (3)	0	$ (3)
Interest rate risk \| Interest rate caps
Disclosure of detailed information about financial instruments [line items]
Notional	4,420		4,420		5,388
Fair value of financial assets	$ 4		$ 4		$ 0
Interest rate risk \| Interest rate caps \| Bottom of range
Disclosure of detailed information about financial instruments [line items]
Rates	2.00%		2.00%		2.00%
Interest rate risk \| Interest rate caps \| Top of range
Disclosure of detailed information about financial instruments [line items]
Rates	790.00%		790.00%		790.00%
Interest rate risk \| Interest rate swaps on forecasted fixed rate debt
Disclosure of detailed information about financial instruments [line items]
Notional	$ 335		$ 335		$ 1,285
Fair value of financial liabilities	$ (38)		$ (38)		$ (253)
Interest rate risk \| Interest rate swaps on forecasted fixed rate debt \| Bottom of range
Disclosure of detailed information about financial instruments [line items]
Rates	3.60%		3.60%		3.20%
Interest rate risk \| Interest rate swaps on forecasted fixed rate debt \| Top of range
Disclosure of detailed information about financial instruments [line items]
Rates	530.00%		530.00%		640.00%
Interest rate risk \| Interest rate swaps of US$ debt
Disclosure of detailed information about financial instruments [line items]
Notional					$ 1,696
Fair value of financial liabilities					$ (8)
Interest rate risk \| Interest rate swaps of US$ debt \| Bottom of range
Disclosure of detailed information about financial instruments [line items]
Rates					0.80%
Interest rate risk \| Interest rate swaps of US$ debt \| Top of range
Disclosure of detailed information about financial instruments [line items]
Rates					510.00%