The following table presents the gross notional amounts and estimated fair values of our derivatives recorded within other assets and other liabilities on the consolidated balance sheets as of March 31, 2025 and December 31, 2024:


	March 31, 2025						December 31, 2024
	Gross Notional Amount		Fair Value (1)				Gross Notional Amount		Fair Value
			Assets		Liabilities				Assets		Liabilities
	(in millions of U.S. dollars)
Derivatives designated as hedging instruments
Foreign currency forward contracts	$	237	$	1	$	5	$	227	$	2	$	—

Derivatives not designated as hedging instruments
Foreign currency forward contracts	399		4		3		282		3		1
Interest rate swaps	1,687		7		—		1,660		—		6
Others	3		—		—		—		—		—
Total	$	2,326	$	12	$	8	$	2,169	$	5	$	7

The following table presents the net gains and losses relating to our derivative instruments for the three months ended March 31, 2025 and 2024:


			Amount of Net Gains (Losses)
	Financial statement line item where gain (loss) is recognized on derivatives	Three Months Ended
			2025		2024
			(in millions of U.S. dollars)
Derivatives designated as hedging instruments
Foreign currency forward contracts	Accumulated other comprehensive loss		$	(7)	$	7

Derivatives not designated as hedging instruments
Foreign currency forward contracts	Net foreign exchange (loss) gains		3		2
Interest rate swaps	Fair value changes in trading securities, funds held and other investments		11		—