The contractual maturities of derivative liabilities at December 31 compare with their carrying amounts in the Consolidated Balance Sheet as follows:
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2017 |
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$ million |
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Contractual maturities |
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Less than 1 year |
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Between 1 and 2 years |
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Between 2 and 3 years |
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Between 3 and 4 years |
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Between 4 and 5 years |
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5 years and later |
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Total |
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Difference from carrying amount [A] |
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Carrying amount |
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Forward foreign exchange contracts |
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315 |
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37 |
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14 |
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3 |
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2 |
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(39 |
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332 |
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259 |
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591 |
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Currency swaps and options |
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541 |
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343 |
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140 |
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304 |
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194 |
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879 |
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2,401 |
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(1,510 |
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891 |
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Commodity derivatives |
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3,002 |
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754 |
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305 |
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122 |
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74 |
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263 |
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4,520 |
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(92 |
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4,428 |
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Other contracts |
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146 |
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115 |
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56 |
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18 |
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1 |
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3 |
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339 |
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(15 |
) |
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324 |
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Total |
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4,004 |
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1,249 |
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515 |
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447 |
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271 |
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1,106 |
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7,592 |
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(1,358 |
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6,234 |
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[A] Mainly related to the effect of discounting.
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2016 |
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$ million |
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Contractual maturities |
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Less than 1 year |
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Between 1 and 2 years |
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Between 2 and 3 years |
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Between 3 and 4 years |
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Between 4 and 5 years |
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5 years and later |
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Total |
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Difference from carrying amount [A] |
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Carrying amount |
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Forward foreign exchange contracts |
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341 |
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97 |
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56 |
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— |
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(27 |
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— |
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467 |
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(109 |
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358 |
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Currency swaps and options |
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1,062 |
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1,269 |
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831 |
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372 |
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|
701 |
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3,762 |
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7,997 |
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(4,211 |
) |
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3,786 |
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Commodity derivatives |
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3,889 |
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|
706 |
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344 |
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111 |
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47 |
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204 |
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5,301 |
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(71 |
) |
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5,230 |
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Other contracts |
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95 |
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130 |
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102 |
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53 |
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20 |
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3 |
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403 |
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(44 |
) |
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359 |
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Total |
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5,387 |
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2,202 |
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1,333 |
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536 |
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741 |
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3,969 |
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14,168 |
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(4,435 |
) |
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9,733 |
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