ACCOUNTS AND OTHER RECEIVABLE, NET (Tables)

12 Months Ended

Dec. 31, 2019

Subclassifications of assets, liabilities and equities [abstract]

The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2019:



(US$ MILLIONS)
MEASUREMENT BASIS	FVTPL		FVOCI		Amortized cost		Total
Financial assets
Cash and cash equivalents	$	—	$	—	$	1,986	$	1,986
Accounts receivable, net (current and non-current)	—		—		5,631		5,631
Other assets (current and non-current) ⁽¹⁾	—		—		577		577
Financial assets (current and non-current) ⁽²⁾	883		4,612		748		6,243
Total ⁽³⁾	$	883	$	4,612	$	8,942	$	14,437
Financial liabilities
Accounts payable and other ^{(2) (4)}	$	385	$	159	$	9,039	$	9,583
Borrowings (current and non-current)	—		—		22,399		22,399
Total	$	385	$	159	$	31,438	$	31,982

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⁽¹⁾	Excludes prepayments, subrogation recoverable and other assets of $1,215 million.


⁽²⁾	Refer to Hedging Activities in Note 4 (a) below.


⁽³⁾	Total financial assets include $3,832 million of assets pledged as collateral.


⁽⁴⁾	Excludes provisions, decommissioning liabilities, deferred revenue, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various tax and duties of $6,913 million.

The following table provides the allocation of financial instruments and their associated financial instrument classifications as at December 31, 2018:



(US$ MILLIONS)
MEASUREMENT BASIS	FVTPL		FVOCI		Amortized cost		Total
Financial assets
Cash and cash equivalents	$	—	$	—	$	1,949	$	1,949
Accounts receivable, net (current and non-current) ⁽¹⁾	67		—		5,093		5,160
Other assets (current and non-current) ⁽²⁾	—		—		563		563
Financial assets (current and non-current) ⁽³⁾	413		376		580		1,369
Total ⁽⁴⁾	$	480	$	376	$	8,185	$	9,041
Financial liabilities
Accounts payable and other ⁽⁵⁾	$	311	$	48	$	4,679	$	5,038
Borrowings (current and non-current)	—		—		10,866		10,866
Total	$	311	$	48	$	15,545	$	15,904

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⁽¹⁾	Accounts receivable recognized at fair value relates to the partnership’s mining business.


⁽²⁾	Excludes prepayments and other assets of $950 million.


⁽³⁾	Refer to Hedging Activities in Note 4 (a) below.


⁽⁴⁾	Total financial assets include $3,509 million of assets pledged as collateral.


⁽⁵⁾	Excludes provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and various tax and duties of $4,044 million.



(US$ MILLIONS)	2019		2018
Current
Marketable securities	$	734	$	265
Restricted cash	172		376
Derivative contracts	176		223
Loans and notes receivable	66		22
Total current	$	1,148	$	886
Non-current
Marketable securities	$	3,435	$	1
Restricted cash	201		32
Derivative contracts	62		20
Loans and notes receivable	309		150
Other financial assets ⁽¹⁾	1,088		280
Total non-current	$	5,095	$	483

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⁽¹⁾	Other financial assets includes secured debentures to homebuilding companies in our business services segment, as well as asset backed securities and preferred shares in our business services segment.



(US$ MILLIONS)	2019		2018
Current, net	$	4,808	$	4,307
Non-current, net
Accounts receivable	40		37
Retainer on customer contracts	102		103
Billing rights	681		713
Total non-current, net	$	823	$	853
Total ⁽¹⁾	$	5,631	$	5,160

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⁽¹⁾	Refer to Note 17 for additional information.

The amount of accounts and other receivables written down for bad debts was as follows:



(US$ MILLIONS)	2019			2018			2017
Loss allowance - beginning	$	45		$	40		$	7
Add: increase in allowance	53			22			39
Deduct: bad debt write offs	(23		)	(10		)	(6		)
Foreign currency translation	11			(7		)	—
Loss allowance - ending	$	86		$	45		$	40