XML 101 R83.htm IDEA: XBRL DOCUMENT v3.20.4
Derivatives - Underlying CPI Index (Details)
€ in Millions, £ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
USD ($)
$ / derivative_unit
Dec. 31, 2019
USD ($)
$ / derivative_unit
Dec. 31, 2020
EUR (€)
$ / derivative_unit
Dec. 31, 2020
GBP (£)
$ / derivative_unit
Dec. 31, 2019
EUR (€)
$ / derivative_unit
Dec. 31, 2019
GBP (£)
$ / derivative_unit
Disclosure of financial assets [line items]            
Notional amount $ 8,849.0 $ 7,261.0        
Market value 382.7 288.0        
Net gains (losses) on investments 313.1 1,716.2        
CPI-linked derivatives            
Disclosure of financial assets [line items]            
Net gains (losses) on investments $ (13.9) $ (12.3)        
CPI-linked derivatives            
Disclosure of financial assets [line items]            
Average life (in years) 2 years 8 months 12 days 2 years 9 months 18 days        
Notional amount $ 74,906.0 $ 99,804.7        
Cost 347.5 614.9        
Market value 2.8 6.7        
Unrealized gain (loss) $ (344.7) $ (608.2)        
United States  | CPI-linked derivatives            
Disclosure of financial assets [line items]            
Floor rate 0.50%   0.50% 0.50%    
Weighted average index value or strike price (usd per unit) | $ / derivative_unit 245.86 244.63 245.86 245.86 244.63 244.63
United States, 1 | CPI-linked derivatives            
Disclosure of financial assets [line items]            
Floor rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Average life (in years) 2 years 7 months 6 days 2 years 8 months 12 days        
Notional amount $ 32,175.0 $ 44,775.0        
Weighted average index value or strike price (usd per unit) | $ / derivative_unit 232.09 231.35 232.09 232.09 231.35 231.35
Index value at period end (usd per unit) | $ / derivative_unit 260.47 256.97 260.47 260.47 256.97 256.97
Cost $ 121.0 $ 277.5        
Cost (in bps) 0.376% 0.62% 0.376% 0.376% 0.62% 0.62%
Market value $ 0.9 $ 1.6        
Market value (in bps) 0.003% 0.004% 0.003% 0.003% 0.004% 0.004%
Unrealized gain (loss) $ (120.1) $ (275.9)        
United States, 2 | CPI-linked derivatives            
Disclosure of financial assets [line items]            
Floor rate 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
Average life (in years) 3 years 9 months 18 days 4 years 9 months 18 days        
Notional amount $ 12,600.0 $ 12,600.0        
Weighted average index value or strike price (usd per unit) | $ / derivative_unit 238.30 238.30 238.30 238.30 238.30 238.30
Index value at period end (usd per unit) | $ / derivative_unit 260.47 256.97 260.47 260.47 256.97 256.97
Cost $ 39.8 $ 39.7        
Cost (in bps) 0.316% 0.315% 0.316% 0.316% 0.315% 0.315%
Market value $ 1.1 $ 4.4        
Market value (in bps) 0.009% 0.035% 0.009% 0.009% 0.035% 0.035%
Unrealized gain (loss) $ (38.7) $ (35.3)        
European Union | CPI-linked derivatives            
Disclosure of financial assets [line items]            
Floor rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Average life (in years) 2 years 4 months 24 days 2 years 2 months 12 days        
Notional amount $ 24,226.4 $ 36,509.3 € 19,800.0   € 32,525.0  
Weighted average index value or strike price (usd per unit) | $ / derivative_unit 98.96 96.57 98.96 98.96 96.57 96.57
Index value at period end (usd per unit) | $ / derivative_unit 104.70 105.13 104.70 104.70 105.13 105.13
Cost $ 155.6 $ 263.6        
Cost (in bps) 0.642% 0.722% 0.642% 0.642% 0.722% 0.722%
Market value $ 0.6 $ 0.6        
Market value (in bps) 0.002% 0.002% 0.002% 0.002% 0.002% 0.002%
Unrealized gain (loss) $ (155.0) $ (263.0)        
United Kingdom | CPI-linked derivatives            
Disclosure of financial assets [line items]            
Floor rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Average life (in years) 2 years 4 months 24 days 2 years 10 months 24 days        
Notional amount $ 2,050.4 $ 2,384.5   £ 1,500.0   £ 1,800.0
Weighted average index value or strike price (usd per unit) | $ / derivative_unit 249.23 243.79 249.23 249.23 243.79 243.79
Index value at period end (usd per unit) | $ / derivative_unit 295.40 291.90 295.40 295.40 291.90 291.90
Cost $ 10.4 $ 13.4        
Cost (in bps) 0.507% 0.562% 0.507% 0.507% 0.562% 0.562%
Market value $ 0.0 $ 0.0        
Market value (in bps) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Unrealized gain (loss) $ (10.4) $ (13.4)        
France | CPI-linked derivatives            
Disclosure of financial assets [line items]            
Floor rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Average life (in years) 2 years 1 month 6 days 3 years 1 month 6 days        
Notional amount $ 3,854.2 $ 3,535.9 € 3,150.0   € 3,150.0  
Weighted average index value or strike price (usd per unit) | $ / derivative_unit 99.27 99.27 99.27 99.27 99.27 99.27
Index value at period end (usd per unit) | $ / derivative_unit 104.09 104.39 104.09 104.09 104.39 104.39
Cost $ 20.7 $ 20.7        
Cost (in bps) 0.537% 0.585% 0.537% 0.537% 0.585% 0.585%
Market value $ 0.2 $ 0.1        
Market value (in bps) 0.005% 0.003% 0.005% 0.005% 0.003% 0.003%
Unrealized gain (loss) $ (20.5) $ (20.6)        
United States, European Union, and United Kingdom | CPI-linked derivatives            
Disclosure of financial assets [line items]            
Notional amount $ 27,215.3 1,800.3        
Payout At Maturity Scenario 1            
Disclosure of financial assets [line items]            
Floor rate 0.00%   0.00% 0.00%    
Payout At Maturity Scenario 2            
Disclosure of financial assets [line items]            
Floor rate 0.50%   0.50% 0.50%    
Weighted average index value or strike price (usd per unit) | $ / derivative_unit 250.49   250.49 250.49    
European Run-off | CPI-linked derivatives            
Disclosure of financial assets [line items]            
Notional amount   12,054.3        
Market value   $ 0.2