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Commitments, contingencies, and guarantees (Tables)
 12 Months Ended
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Balance Sheet Locations, Fair Values In An Asset Or (Liability) Position, And Notional Values/Payment Provisions Of Derivative Instruments
and notional values/payment provisions of our derivative instruments: 
 
 
 
December 31, 2014
 
 
 
December 31, 2013
 
 
Consolidated
Balance Sheet
Location
 
Fair Value
 
 
Notional
Value/
Payment
Provision

 
 
Fair Value
 
 
Notional
Value/
Payment
Provision

 
 
Derivative Asset

 
Derivative (Liability)

 
 
 
Derivative Asset

 
Derivative (Liability)

 
(in millions of U.S. dollars)
 
 
 
 
 
 
 
Investment and embedded derivative instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts
OA / (AP)
 
$
12

 
$
(7
)
 
$
1,329

 
 
$
3

 
$
(4
)
 
$
1,202

Cross-currency swaps
OA / (AP)
 
—

 
—

 
95

 
 
—

 
—

 
50

Futures contracts on money market instruments
OA / (AP)
 
—

 
—

 
2,467

 
 
3

 
—

 
3,910

Options/Futures contracts on notes and bonds
OA / (AP)
 
6

 
(29
)
 
1,636

 
 
13

 
(2
)
 
871

Convertible securities(1)
FM AFS/ES
 
291

 
—

 
267

 
 
302

 
—

 
254

 
 
 
$
309

 
$
(36
)
 
$
5,794

 
 
$
321

 
$
(6
)
 
$
6,287

Other derivative instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Futures contracts on equities(2)
OA / (AP)
 
$
—

 
$
(21
)
 
$
1,384

 
 
$
—

 
$
(60
)
 
$
1,692

Options on equity market indices(2)
OA / (AP)
 
2

 
—

 
250

 
 
6

 
—

 
250

Other
OA / (AP)
 
—

 
(4
)
 
10

 
 
—

 
(2
)
 
8

 
 
 
$
2

 
$
(25
)
 
$
1,644

 
 
$
6

 
$
(62
)
 
$
1,950

GLB(3)
(AP) / (FPB)
 
$
—

 
$
(663
)
 
$
675

 
 
$
—

 
$
(427
)
 
$
277

(1)
Includes fair value of embedded derivatives.
(2) 
Related to GMDB and GLB blocks of business.
(3) 
Includes both future policy benefits reserves and fair value derivative adjustment. Refer to Note 5 c) for additional information. Note that the payment provision related to GLB is the net amount at risk. The concept of a notional value does not apply to the GLB reinsurance contracts.
Net Realized Gains (Losses) Of Derivative Instrument Activity In Consolidated Statement Of Operations
 
Years Ended December 31
 
(in millions of U.S. dollars)
2014

 
2013

 
2012

Investment and embedded derivative instruments
 
 
 
 
 
Foreign currency forward contracts
$
29

 
$
11

 
$
(9
)
All other futures contracts and options
(118
)
 
61

 
(22
)
Convertible securities(1)
(18
)
 
6

 
25

Total investment and embedded derivative instruments
$
(107
)
 
$
78

 
$
(6
)
GLB and other derivative instruments
 
 
 
 
 
GLB(2)
$
(217
)
 
$
878

 
$
171

Futures contracts on equities(3)
(164
)
 
(555
)
 
(273
)
Options on equity market indices(3)
(4
)
 
(24
)
 
(24
)
Other
50

 
(2
)
 
(4
)
Total GLB and other derivative instruments
$
(335
)
 
$
297

 
$
(130
)
 
$
(442
)
 
$
375

 
$
(136
)
(1) 
Includes embedded derivatives.
(2) 
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments under the leases are expected to be as follows:
For the year ending December 31
(in millions of U.S. dollars)
2015
$
108

2016
94

2017
77

2018
58

2019
42

Thereafter
95

Total minimum future lease commitments
$
474