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FINANCIAL ASSETS
 12 Months Ended
Dec. 31, 2017
Financial Instruments [Abstract]  
FINANCIAL ASSETS
FINANCIAL ASSETS
(US$ MILLIONS)
 
2017
 
2016
Current
 
 
 
 
Marketable securities (1)
 
$
207

 
$
335

Restricted cash
 
68

 
71

Derivative contracts
 
75

 
23

Loans and notes receivable
 
11

 
4

Total current
 
$
361

 
$
433

Non-current
 
 
 
 
Marketable securities (1)
 
$
1

 
$
—

Restricted cash
 
11

 
—

Derivative contracts
 
7

 
9

Loans and notes receivable
 
150

 
6

Other financial assets (2)
 
254

 
91

Total non-current
 
$
423

 
$
106

____________________________________
(1) 
During the year ended December 31, 2017 the partnership recognized $49 million (2016: $57 million), of net gains on disposition of marketable securities.
(2) 
Other financial assets includes secured debentures to homebuilding companies in our business services segment.
As part of the investment in Teekay Offshore, the partnership acquired a promissory note bearing interest at 10% per annum. On initial recognition, the purchase price of $69 million differed from the fair value of $88 million, resulting in a deferred gain of $19 million. The deferred gain will be recognized in the consolidated statements of operating results from acquisition to maturity of the promissory note based on the effective interest rate method.