ACCOUNTS AND OTHER RECEIVABLE, NET (Tables)

6 Months Ended

Jun. 30, 2020

Subclassifications of assets, liabilities and equities [abstract]

Disclosure of financial assets

The following table provides the details of financial instruments and their associated classifications as at June 30, 2020:

(US$ MILLIONS)
MEASUREMENT BASIS	FVTPL		FVOCI		Amortized Cost		Total
Financial assets
Cash and cash equivalents	$	—	$	—	$	2,138	$	2,138
Accounts and other receivable, net (current and non-current)	—		—		4,745		4,745
Other assets (current and non-current) (1)	—		—		510		510
Financial assets (current and non-current) (2)	649		4,873		813		6,335
Total	$	649	$	4,873	$	8,206	$	13,728
Financial liabilities
Accounts payable and other (current and non-current) (3)	$	444	$	362	$	8,570	$	9,376
Borrowings (current and non-current)	—		—		22,455		22,455
Total	$	444	$	362	$	31,025	$	31,831

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⁽¹⁾  Excludes prepayments and other assets of $959 million.

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

⁽³⁾  Excludes provisions, decommissioning liabilities, deferred revenue, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,073 million.

The following table provides the allocation of financial instruments and their associated 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 and other 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	$	883	$	4,612	$	8,942	$	14,437
Financial liabilities
Accounts payable and other (3) (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 taxes and duties of $6,913 million.

(US$ MILLIONS)	June 30, 2020		December 31, 2019
Current
Marketable securities	$	948	$	734
Restricted cash	400		172
Derivative contracts	134		176
Loans and notes receivable	71		66
Other financial assets (1)	46		—
Total current	$	1,599	$	1,148
Non-current
Marketable securities	$	3,253	$	3,435
Restricted cash	220		201
Derivative contracts	134		62
Loans and notes receivable	124		309
Other financial assets (1)	1,005		1,088
Total non-current	$	4,736	$	5,095

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

(US$ MILLIONS)	June 30, 2020		December 31, 2019
Current, net	$	4,048	$	4,808
Non-current, net
Accounts receivable	78		40
Retainer on customer contract	124		102
Billing rights	495		681
Total Non-current, net	$	697	$	823
Total	$	4,745	$	5,631