ACCOUNTS AND OTHER RECEIVABLE, NET (Tables)

12 Months Ended

Dec. 31, 2021

Subclassifications of assets, liabilities and equities [abstract]

Disclosure of financial assets

The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2021:

(US$ MILLIONS)
MEASUREMENT BASIS	FVTPL		FVOCI		Amortized cost		Total
Financial assets
Cash and cash equivalents	$	—	$	—	$	894	$	894
Accounts and other receivable, net (current and non-current)	—		—		2,281		2,281
Other assets (current and non-current) (1)	—		—		427		427
Financial assets (current and non-current) (2)	1		84		264		349
Total (3)	$	1	$	84	$	3,866	$	3,951
Financial liabilities
Accounts payable and other (2) (4)	$	4	$	90	$	4,158	$	4,252
Non-recourse borrowings in subsidiaries of the company (current and non-current)	—		—		5,246		5,246
Total	$	4	$	90	$	9,404	$	9,498

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(1)Excludes prepayments, other assets and assets held for sale of $493 million.

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

(3)Total financial assets include $1,392 million of assets pledged as collateral.

(4)Excludes provisions, decommissioning liabilities, deferred revenues, work in progress, and post-employment benefits of $2,939 million.

The following table provides the allocation of financial instruments and their associated financial instrument classifications as at December 31, 2020:

(US$ MILLIONS)
MEASUREMENT BASIS	FVTPL		FVOCI		Amortized cost		Total
Financial assets
Cash and cash equivalents	$	—	$	—	$	777	$	777
Accounts and other receivable, net (current and non-current)	—		—		2,302		2,302
Other assets (current and non-current) (1)	—		—		481		481
Financial assets (current and non-current) (2)	3		52		505		560
Total (3)	$	3	$	52	$	4,065	$	4,120
Financial liabilities
Accounts payable and other (4)	$	5	$	232	$	4,619	$	4,856
Non-recourse borrowings in subsidiaries of the company (current and non-current)	—		—		5,189		5,189
Total	$	5	$	232	$	9,808	$	10,045

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(1)Excludes prepayments, other assets and assets held for sale of $396 million.

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

(3)Total financial assets include $1,584 million of assets pledged as collateral.

(4)Excludes provisions, decommissioning liabilities, deferred revenues, work in progress, and post-employment benefits of $3,392 million.

(US$ MILLIONS)	2021		2020
Current
Restricted cash	$	47	$	299
Derivative contracts	40		19
Loans and notes receivable	1		1
Total current	$	88	$	319
Non-current
Restricted cash	209		204
Derivative contracts	45		36
Loans and notes receivable	7		1
Total non-current	$	261	$	241

(US$ MILLIONS)	2021		2020
Current, net	$	1,602	$	1,631
Non-current, net
Accounts receivable	46		48
Retainer on customer contract	61		68
Billing rights	572		555
Total non-current, net	$	679	$	671
Total	$	2,281	$	2,302

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

(US$ MILLIONS)	2021		2020		2019
Loss allowance - beginning	$	65	$	60	$	38
Add: increase in allowance	22		20		34
Deduct: bad debt write offs	(18)		(7)		(12)
Foreign currency translation and other	(5)		(8)		—
Loss allowance - ending	$	64	$	65	$	60