v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS
6 Months Ended
Jun. 30, 2026
Financial Instruments [Abstract]  
DERIVATIVE FINANCIAL INSTRUMENTS DERIVATIVE FINANCIAL INSTRUMENTS
The Corporation’s activities expose it to a variety of financial risks, including market risk (currency risk, interest rate risk, commodity risk and other price risks), credit risk and liquidity risk. The Corporation selectively uses derivative financial instruments principally to manage these risks.
The aggregate fair values of the Corporation’s derivative financial instrument positions as at June 30, 2026 and December 31, 2025 were as follows:
June 30, 2026December 31, 2025
(US$ MILLIONS)Financial AssetsFinancial LiabilitiesFinancial AssetsFinancial Liabilities
Foreign exchange contracts$103 $(167)$58 $(42)
Cross currency swaps58 (87)85 (81)
Interest rate derivatives109 (9)45 (46)
Commodities contracts65 (11)28 (7)
Currency option contracts18  14 — 
Total$353 $(274)$230 $(176)
Total current$206 $(202)$95 $(104)
Total non-current$147 $(72)$135 $(72)