As of December 31, 2017 and 2016, the notional amounts and fair values of CEMEX’s derivative instruments were as follows:
| 2017 | 2016 | |||||||||||||||||||
| (U.S. dollars millions) | Notional amount |
Fair value | Notional amount |
Fair value | ||||||||||||||||
|
I. Net investment hedge |
US$ | 1,160 | 47 | — | — | |||||||||||||||
|
II. Foreign exchange forwards related to forecasted transactions |
381 | 3 | 80 | — | ||||||||||||||||
|
III. Equity forwards on third party shares |
168 | 7 | — | — | ||||||||||||||||
|
IV. Interest rate swaps |
137 | 16 | 147 | 23 | ||||||||||||||||
|
V. Fuels price hedging |
72 | 20 | 77 | 15 | ||||||||||||||||
|
VI. 2019 Mandatorily Convertible Securities and options on the Parent Company’s own shares |
— | (20 | ) | 576 | 26 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||
| US$ | 1,918 | 73 | 880 | 64 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||